The Next School
Nonprofit profile at a glance
- EIN
- 455075869
- IRS 990 coverage
- 2015–2022
- Forms available
- Form 990 2022
- Location
- Greenville, SC, USA
- Phone
- 8647357260
- Rating
- 61
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Secondary, High School
Reported finances
- Revenue
- $-83,410
- Expenses
- $256,877
- Assets
- $0
- Liabilities
- $0
Source: IRS Form 990. Selected filing: tax year 2022. Amounts in USD.
Leadership & pay
10 people listed
Executive titles in this filing
- DR STEPHANIE BROWN (CEO)
People named in this filing
- RUSS ARVIDSON (BOARD MEMBER)
- DR STEPHANIE BROWN (CEO)
- RHETT BROWN (BOARD MEMBER)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990. Selected filing: tax year 2022. Names and roles reflect this filing, not necessarily current officeholders.
Overview
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.
What it reported doing in 2022
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.
Operating model
- Revenue model
- Donor-supported. 100% of the money available for current operations came from contributions and gifts.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 78
- Transparency & Controls: 90
- Accountability: 12
- Sustainability: 13
- Growth: 0
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 67.1%; rating input score 67
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: Limited
- Governance controls: 2 of 7 controls in place; rating input score 29
- Conflict-of-interest policy: Pass
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: NotApplicable
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: -408%; rating input score 11; 11th percentile among comparable filings
- Total-asset coverage ratio: 0; rating input score 2; 2nd percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 0%; rating input score 61; 61st percentile among comparable filings
Growth
- Program expense growth: -3.5% per year; rating input score 0; 44th percentile among comparable filings
- Revenue growth: -3.6% per year; rating input score 0; 50th percentile among comparable filings
- Asset growth: -1.5% per year; rating input score 0; 33rd percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 67.1% of spending went to programs
- Governance: 2 of 7 filing controls reported
- Programs: 4 filed program accomplishments · $172K in reported program spending
- Leadership: top reported pay $0 · 10 people listed
- Consistency: 16 of 16 current checks pass
- Schedules: 3 filed schedules
- Filing history: 8 filing years from 2015 to 2022
- Contacts: How to reach this organization
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Accountability: Governance controls: 4 of 6 not reported.
- High — Sustainability: Operating margin scored 11/100.
- High — Growth: Program expense growth scored 0/100.
- High — Growth: Revenue growth scored 0/100.
- High — Sustainability: Total-asset coverage ratio scored 2/100.
- High — Growth: Asset growth scored 0/100.