THE NEXT SCHOOL

EIN: 455075869 501(c)(3) Education

GREENVILLE, SC

Total Revenue
$-83,410
Total Expenses
$256,877
Total Assets
N/A
Net Assets
N/A
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2012
Legal Domicile
SC
Principal Officer
DR STEPHANIE BROWN
Phone
8647357260
Tax Period
2022-07-01 to 2023-06-30

THE NEXT SCHOOL, founded in 2012, is a micro nonprofit in the Education sector that reported $83K in total revenue in fiscal year 2022. Revenue fell 102% from the prior year — a significant decline worth monitoring.

Mission

WE'RE HERE TO EMPOWER YOUNG PEOPLE TO LEAD IMPACTFUL LIVES NOW AND TO CREATE THE UNTESTED FUTURE. THIS MEANS THAT, WHILE WE ARE A SCHOOL, OUR INTENT IS TO CONNECT TO REAL WORLD SKILLS AND OPPORTUNITIES OUTSIDE OF SCHOOL. AFTER ALL - OUTSIDE OF SCHOOL, ADULTS ARE RARELY SEGRATED BY AGE, ARE VALUED BASED ON THEIR WORK MORE THAN WRITTEN TEST; AND TYPICALLY ONLY PURSUE KNOWLEDGE THAT INTERESTS THEM OR ADVANCES THEIR CAREER. AS OUR PEERS MOVE TOWARD GRADUATION, THEY WILL BE PREPARED FOR WHATEVER LIFE AFTER SCHOOL MAY LOOK LIKE FOR THEM - IN COLLEGE, TECH SCHOOL, START- UP COMPANIES, NONPROFITS, OR AS PART OF THE WORKFORCE. THE WORLD YOUNG PEOPLE ARE INHERITING IS BIG, DIVERSE, ALWAYS-CHANGING, AND MORE CHALLENGING THAN EVER. STUDENTS AT (AND GRADUATES FROM) NEXT HIGH SCHOOL WILL BE PREPARED FOR THE UNKNOWN FUTURE BY WORKING WITH THAT FUTURE NOW; BUILDING THEIR COMMUNITIES NOW; AND MAKING AN IMPACT NOW.

Program Service Accomplishments

Program 1
Expenses: $172,482 Revenue: $592

THE PURPOSE FOR WHICH THE SCHOOL IS ORGANIZED IS TO OPERATE A CHARTER SCHOOL IN SOUTH CAROLINA AND TO ENGAGE IN ANY OTHER ACTIVITY PERMISSIBLE; IT IS TO ENSURE THAT HIGH QUALITY EDUCATION IS...

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THE PURPOSE FOR WHICH THE SCHOOL IS ORGANIZED IS TO OPERATE A CHARTER SCHOOL IN SOUTH CAROLINA AND TO ENGAGE IN ANY OTHER ACTIVITY PERMISSIBLE; IT IS TO ENSURE THAT HIGH QUALITY EDUCATION IS ACCESSIBLE TO ALL CHILDREN REGARDLESS OF ECONOMIC STATUS OR BACKGROUND.

Program 2

THE SCHOOL HAS TWO SITES, ONE IN GREENVILLE, SC AND THE OTHER IN SALEM, SC. BEING A PUBLIC CHARTER SCHOOL THE SCHOOL SERVES THE LOCAL COMMUNITY AND IS REPRESENTATIVE OF THAT AREA. THE GREENVILLE...

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THE SCHOOL HAS TWO SITES, ONE IN GREENVILLE, SC AND THE OTHER IN SALEM, SC. BEING A PUBLIC CHARTER SCHOOL THE SCHOOL SERVES THE LOCAL COMMUNITY AND IS REPRESENTATIVE OF THAT AREA. THE GREENVILLE CAMPUS HAS A MIXED-RACE DEMOGRAPHIC OF STUDENTS WHO ARE ENERGIZED BY A CURRICULUM WHEREBY THE STUDENT HAS TO TAKE CO-OWNERSHIP IN ORDER TO SUCCEED. THE SALEM CAMPUS IS COMPRISED PRIMARILY OF RURAL, ECONOMICALLY CHALLENGED FAMILIES WHO WANT THIER CHILDREN EDUCATED LOCALLY WITH THE HOPE THAT THEIR CHILDREN WILL BE ABLE TO BECOME UPWARDLY MOBILE.

Program 3

THE CURRICULUM IS BASED ON A CONCEPT KNOWN AS IMPACT-BASED LEARNING THROUGH THE TENNANTS OF INTEREST, INQUIRY AND IMPACT. IMPACT-BASED LEARNING IS SIMILAR TO PROJECT-BASED LEARNING IN THAT STUDENTS...

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THE CURRICULUM IS BASED ON A CONCEPT KNOWN AS IMPACT-BASED LEARNING THROUGH THE TENNANTS OF INTEREST, INQUIRY AND IMPACT. IMPACT-BASED LEARNING IS SIMILAR TO PROJECT-BASED LEARNING IN THAT STUDENTS MAKE A PRACTICAL APPLICATION OF WHAT THEY LEARN IN CLASS; HOWEVER, WITH IMPACT-BASED LEARNING THE STUDENT'S CORE STUDIES AND ELECTIVES ARE RESOURCES THAT HELP DRIVE ALONG AN INTEREST, THROUGH ACADEMIC AND PRACITCAL INQUIRY, INTO SOMETHING THAT SHOULD HAVE COMMUNITY IMPACT, SUCH AS A BUSINESS, NONPROFIT, OR COMMUNITY PROJECT. IN MANY CASES STUDENTS WILL HAVE CREATED THEIR OWN EMPLOYMENT BEFORE GRADUATING FROM HIGH SCHOOL. OTHER STUDENTS WILL CONTINUE REFINING THEIR INTEREST AS THEY MOVE INTO HIGHER EDUCATION.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $592
Program Service Revenue $0
Investment Income $-84,002
Other Revenue $0
TOTAL REVENUE $-83,410

Expense Breakdown

Grants Paid $0
Salaries & Benefits $83,403
Fundraising Expenses $0
Program Expenses $172,482
Other Expenses $173,474
TOTAL EXPENSES $256,877

Year-over-Year Comparison

2022 2021 Change
Revenue $-83,410 $3,922,970 -1.0%
Expenses $256,877 $3,892,955 -0.9%
Net Income $-340,287 $30,015 -12.3%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

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Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
N/A
Independent Members
N/A
Employees
N/A
Volunteers
N/A

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
5
$0
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RUSS ARVIDSON BOARD MEMBER N/A
Director
$0 $0 $0
DR STEPHANIE BROWN CEO N/A
Officer Director
$0 $0 $0
RHETT BROWN BOARD MEMBER N/A
Director
$0 $0 $0
DR ALEXANDER GARVEY BOARD MEMBER N/A
Director
$0 $0 $0
ROY JONES TREASURER N/A
Officer Director
$0 $0 $0
KATIE KERN VICE-CHAIRPE N/A
Officer Director
$0 $0 $0
KELLY LESTER SECRETARY N/A
Officer Director
$0 $0 $0
SHAUN MCCALLUM BOARD MEMBER N/A
Director
$0 $0 $0
MARCUS MCMORRIS BOARD MEMBER N/A
Director
$0 $0 $0
CATE TYSON CHAIRPERSON N/A
Officer Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2023 $-83,410 $256,877 No data $-340,287
2022 $3,922,970 $3,892,955 $1,012,092 $30,015
2021 $4,250,504 $3,685,959 $1,175,351 $564,545
2020 $4,233,252 $3,655,610 $1,310,967 $577,642
2019 $3,913,216 $2,878,695 $867,803 $1,034,521
2018 $3,663,074 $4,093,533 $547,146 $-430,459
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