The New School FY2021 filing

Tax-deductible

Kennebunk, ME501(c)(3)Since 2001EducationEIN 01-0547297Revenue $400K in FY2021

On file with the IRStnsk.org38 York St, 04043-7160 · Kennebunk, METax-exempt since Sep 2002School — 170(b)(1)(A)(ii)

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The New School is a democratic high school that empowers students to reach for the best in themselves, to love learning, and to become responsible stewards of our world.

501(c)(3) charity; gifts are tax-deductible.
77¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 5
filings with a surplus
Average deficit $29K a year · 6% of revenue · last 5 filings
Concern: a surplus in 1 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
77%
of spending
Looks good: 77% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
2 mo
of spending, in cash
Fine: 2.0 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $12K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$554K
86% of total assets
Concern: liabilities are 86% of assets; over 80%.
Pt X · Ln 26
Independent board members
8
of 8 voting members
Looks good: 8 of 8 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$400K
Spent
$441K
To programs
77%
Net assets
$93K
By yearFY2021–FY2025
Revenue
$400K
FY2021
Tap a bar for its year
Revenue by fiscal year
FY2021$400K
FY2022$541K
FY2023$631K
FY2024$622K
FY2025$426K
Expenses
$441K
FY2021
Tap a bar for its year
Expenses by fiscal year
FY2021$441K
FY2022$512K
FY2023$673K
FY2024$634K
FY2025$505K
Net assets
$93K
FY2021
Tap a bar for its year
Net assets by fiscal year
FY2021$93K
FY2022$101K
FY2023$73K
FY2024$71K
FY2025−$4K

From the FY2021 Form 990 (year ending June 2021) · see the original

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You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Sep 2002.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

77 cents of each dollar spent went to programs.

Program services 77% · $340K Management & general 13% · $57K Fundraising 10% · $44K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

8 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Christine Knowles’s $43K as Executive Director is at the 34th percentile of top reported officer pay among 1612 $100K–1M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2025FY2024FY2023FY2022
Scott Hamann——$56,923$38,462
Christine Knowles$43,031$45,540——

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Offers a democratic, self-directed high school education empowering students to lead their learning.

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Provided by the organization

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1 program · $340K · in their own filed words · FY2020
01

Alternative education at the high school level for 30-40 students per year.

$340Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2023
Total grants receivedfrom 1 funder$12K
Grants paid · 1 grant · $16K · 2020–2020
Unitemized GrantFY2020$15,580

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$400K
Ln 12
Fees for servicesLn 2g$212K
Gifts and grantsLn 1h$123K
Other incomeLn 4–11$63K
Money outPt IX
$441K
Ln 25
Programscol B$340K
Managementcol C$57K
Fundraisingcol D$44K
Owns and owesPt X
$93K
net assets · Ln 32
Cash and savingsLn 1–2$74K
Total assetsLn 16$647K
LiabilitiesLn 26$554K
PeoplePt VI, VII
8
listed · VII A
PaidVII A0
Voting boardVI 1a8
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$123K
Government grantsLn 1e$70K
Noncash giftsLn 1g$527
Fundraising eventsLn 1c$5K
Fees for servicesLn 2g$212K
Investment incomeLn 3$2K
Other incomeLn 4–11$63K
Gains on assetsLn 7−$2K
Total revenueLn 12$400K
Assets in detailPt X, end of year
CashLn 1$47K
SavingsLn 2$27K
Cash and savings togetherLn 1–2$74K
InvestmentsLn 11–13$191K
Land, buildings, equipmentLn 10c$369K
Total assetsLn 16$647K
LiabilitiesLn 26$554K
Net assetsLn 32$93K
OperationsPt I, VI
EmployeesI 521
VolunteersI 640
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$187K$74K
InvestmentsLn 11–13$150K$191K
Land, buildings, equipmentLn 10c$371K$369K
Total assetsLn 16$726K$647K
LiabilitiesLn 26$628K$554K
Net assetsLn 32$98K$93K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$16K$16K
Other salaries and wagesLn 7$282K$203K$39K$39K
Other employee benefitsLn 9$1K$816$161$173
Payroll taxesLn 10$22K$15K$3K$3K
Accounting feesLn 11c$8K$8K
Advertising and promotionLn 12$16K$14K$1K
Information technologyLn 14$3K$3K
OccupancyLn 16$9K$9K
TravelLn 17$917$917
InterestLn 20$14K$14K
Depreciation, depletion and amortizationLn 22$24K$24K
InsuranceLn 23$15K$15K
Other expenses (24a–d)Ln 24$24K$24K
All other expensesLn 24e$8K$8K
Total functional expensesLn 25$441K$340K$57K$44K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $426K$505K−$79K−$4K 990 PDF
FY2024 $622K$634K−$13K$71K 990 PDF
FY2023 $631K$673K−$42K$73K 990 PDF
FY2022 $541K$512K$28K$101K 990 PDF
FY2021 Viewing $400K$441K−$41K$93K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2021 990 (6 parts)
Part I · Summary $399,620 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $74,796$123,294
I-9 Program service revenuePrior year $289,490$211,886
I-10 Investment incomePrior year $7,096$1,633
I-11 Other revenuePrior year $48,787$62,807
I-12 Total revenuePrior year $420,169$399,620
I-13 Grants and similar amounts paidPrior year $13,296$15,580
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $315,331$304,636
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $112,273$120,533
I-18 Total expensesPrior year $440,900$440,749
I-19 Revenue less expensesPrior year −$20,731−$41,129
Part VI · Governance 8 of 8 board members independent, 3 to look at
VI-1a Voting members of the governing body8
VI-1b Independent voting members8
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $399,620 across 12 lines filed
Lines not itemized here account for $59,075 of total revenue; see the IRS return.
VIII-1c Fundraising events$5,050
VIII-1e Government grants$69,981
VIII-1f All other contributions, gifts and grants$48,263
VIII-1g Noncash contributions (included above)$527
VIII-1h Total contributions, gifts and grants$123,294
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $211,886$211,886
VIII-3 Investment incomeExcluded from tax $3,619$3,619
VIII-6 Net rental income or lossRelated to mission $600$600
VIII-7 Net gain or loss on sales of assetsRelated to mission −$1,986−$1,986
VIII-8 Net income from fundraising events$0
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $3,132$3,132
VIII-12 Total revenueRelated to mission $272,707 · Unrelated business $0 · Excluded from tax $3,619$399,620
Part IX · Statement of functional expenses $440,749 across 14 lines filed
IX-2 Grants to domestic individualsPrograms $15,580$15,580
IX-7 Other salaries and wagesPrograms $202,972 · Management $39,467 · Fundraising $39,467$281,906
IX-9 Other employee benefitsPrograms $816 · Management $161 · Fundraising $173$1,150
IX-10 Payroll taxesPrograms $15,322 · Management $3,021 · Fundraising $3,237$21,580
IX-11c Accounting feesPrograms $7,683$7,683
IX-12 Advertising and promotionManagement $14,146 · Fundraising $1,399$15,545
IX-14 Information technologyPrograms $2,803$2,803
IX-16 OccupancyPrograms $8,989$8,989
IX-17 TravelPrograms $917$917
IX-20 InterestPrograms $13,627$13,627
IX-22 Depreciation, depletion and amortizationPrograms $24,115$24,115
IX-23 InsurancePrograms $14,838$14,838
IX-24 Other expenses (24a–d)Programs $24,224$24,224
IX-24e All other expensesPrograms $7,792$7,792
IX-25 Total functional expensesPrograms $339,678 · Management $56,795 · Fundraising $44,276$440,749
Part X · Balance sheet $647,483 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $10,094$47,412
X-2 Savings and temporary cash investmentsStart of year $176,988$26,736
X-4 Accounts receivableStart of year $13,926$10,471
X-9 Prepaid expenses and deferred chargesStart of year $3,636$3,636
X-10c Land, buildings and equipment, netStart of year $371,316$368,589
X-11 Publicly traded securitiesStart of year $150,383$190,639
X-16 Total assetsStart of year $726,343$647,483
X-17 Accounts payable and accrued expensesStart of year $37,443$41,030
X-25 Other liabilitiesStart of year $65,400$0
X-26 Total liabilitiesStart of year $628,014$554,084
X-27 Net assets without donor restrictionsStart of year −$70,550−$108,617
X-28 Net assets with donor restrictionsStart of year $168,879$202,016
X-32 Total net assets or fund balancesStart of year $98,329$93,399
X-33 Total liabilities and net assetsStart of year $726,343$647,483
Part XI · Reconciliation of net assets $93,399 net assets at year end
XI-1 Total revenue$399,620
XI-2 Total expenses$440,749
XI-3 Revenue less expenses−$41,129
XI-4 Net assets at start of year$98,329
XI-5 Net unrealized gains (losses) on investments$36,199
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$93,399

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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