2018-05-15T16:47:39-07:00 2017-06-30 MCBRIDE ACCOUNTING LLC 1135 HWY 213 COVINGTON GA 30014 990 2016-07-01 462230780 NEW SCHOOL INC NEWS 4045009753 655 MEMORIAL DRIVE ATLANTA GA 30312 MARY CAMPBELL JENKINS DIRECTOR OF OPERATIONS 4045009753 2017-10-09 true VERONIQUE A MCBRIDE 4042900031 2018-05-15 X 2016 2022-09-23 18:48:47Z MARY CAMPBELL JENKINS 1015 EDGEWOOD AVE ATLANTA GA 30307 840529 false X WWW.TNSATLANTA.ORG X 2013 GA THE NEW SCHOOL SEEKS TO FUNDAMENTALLY CHANGE THE EXPERIENCE AND MEANING OF HIGH SCHOOL FOR STUDENTS, TEACHERS, AND COMMUNITIES. 4 4 9 25 0 92324 296520 438900 702437 233 -2015 -158589 531457 838353 78500 0 241383 331767 0 13610 147145 374812 388528 785079 142929 53274 452641 890103 10500 381329 442141 508774 THE NEW SCHOOL SEEKS TO FUNDAMENTALLY CHANGE THE EXPERIENCE false false 686998 78500 624035 THE NEW SCHOOL OFFERS A DISTINCT CURRICULUM BASED ON EXTENDED PROJECTS WHICH ADDRESS CONTEMPORARY QUESTIONS AND CHALLENGES AND REQUIRE THAT STUDENTS SPEND SOME REGULAR TIME OUTSIDE THE SCHOOL INTERACTING WITH ADULTS AND EXPERTS IN RELEVANT FIELDS. THE SCHOOL OFFERS A CHALLENGING COLLEGE-PREP CURRICULUM AND DISCIPLINE-BASED STUDY AND SKILLS ARE WOVEN INTO THE PROJECTS. 686998 true true false false false false false false false true true false false false false false true false true false false false false false false false false false true false false false false true false true false false false false false false false false false false false true 14 0 9 true false false false false false false false false false false false false false false false X 4 4 true false false false false false false true false false false true true true true true true true true false GA X MARY-CAMPBELL JENKINS 4045009753 1015 EDGEWOOD AVE ATLANTA GA 30307 BRADY LUM BOARD CHAIR 2.00 X 0 0 0 ELIZABETH STRICKLER BOARD MEMBER 1.00 X 0 0 0 MICHELLE NEWCOME BOARD MEMBER 1.00 X 0 0 0 MARY-CAMPBELL JENKINS DIRECTOR OF OPERATIONS 20.00 X 0 0 0 NICOLE DAVIS BOARD MEMBER 1.00 X 0 0 0 PETER LEFKOWICZ HEAD OF SCHOOL 60.00 X 70583 0 0 JAMES WATSON HEAD OF SCHOOL 60.00 X 58066 0 0 128649 false false false SCOTTCONTRACTING 2775 PREMIERE PKWY DULUTH GA 30097 RENOVATION 234839 1 296520 296520 TUITION INCOME 611110 693407 SUPPORT SERVICES 611710 9030 702437 161 161 2176 -2176 -2176 -2176 -158589 -158589 -158589 838353 543848 -2015 78500 78500 130050 113593 10105 6352 158677 158677 0 0 17825 16273 953 599 25215 24314 553 348 5488 0 5488 0 51428 16023 35405 0 3751 3751 0 0 7196 1701 5140 355 6616 3308 3308 0 162540 153275 5689 3576 1564 782 782 0 7034 5746 1288 0 49372 46558 1728 1086 11978 11295 419 264 CURRICULAR EXPENSES 22209 20424 1785 0 NEW EMPLOYEE EXPENSE 320 320 0 0 BAD DEBT EXPENSE 11828 0 11828 0 FUNDRAISING EXPENSES 1030 0 0 1030 32458 32458 0 0 785079 686998 84471 13610 196992 259447 179352 75372 73806 20245 25000 27 12970 500214 51978 51297 448236 452641 890103 100674 280655 10500 10500 381329 X 442141 434972 73802 442141 508774 452641 890103 X 53274 13359 X false true X true false X 0 0 0 0 0 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 73806 73806 1.00000 405816 47345 358471 20976 3389 17587 73422 1244 72178 448236 X 920618 160765 160765 759853 78500 78500 838353 676296 2176 2176 674120 110959 110959 785079 Pt XI, Line 2d $158,589 Sect 481a adjustment - to reduce income due to the accounting changed from cash to accrual basis which was already recorded as income in 6/30/16 Pt XI, Line 2d $2,176 Loss on investment recorded on Part VIII line 7b Pt XI, Line 4b $78,500 Tuition reduction was netted on financials against tuition, but reported separately on tax return on part IX line 2 Pt XII, Line 4b see Pt XI, Line 4b explanation Pt XII, Line 4b $32,458 Sect 481 adjustment - to record expenses not deducted due to the accounting change from cash to accrual basis Other TAX-EXEMPT STATUS: THE NEW SCHOOL, INC. QUALIFIES AS A TAX-EXEMPT ORGANIZATION UNDER SECTION 501 (C) (3) OF THE INTERNAL REVENUECODE. THEREFORE, NO PROVISION FOR INCOME TAXES IS MADE IN THE ACCOMPANYING FINANCIAL STATEMENTS. THE SCHOOLIS NOT CLASSIFIED AS A PRIVATE FOUNDATION.THE ACCOUNTING STANDARD ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES ADDRESSES THE DETERMINATION OFWHETHER TAX BENEFITS CLAIMED OR EXPECTED TO BE CLAIMED ON A TAX RETURN SHOULD BE RECORDED IN THE FINANCIALSTATEMENTS. UNDER THAT GUIDANCE, THE SCHOOL MAY RECOGNIZE THE TAX BENEFIT FROM AN UNCERTAIN TAX POSITIONONLY IF IT IS MORE LIKELY THAN NOT THAT THE TAX POSITION WILL BE SUSTAINED ON EXAMINATION BY TAXING AUTHORITIESBASED ON THE TECHNICAL MERITS OF THE POSITION. EXAMPLES OF TAX POSITIONS INCLUDE THE TAX-EXEMPT STATUS OFTHE ORGANIZATION AND VARIOUS POSITIONS RELATED TO THE POTENTIAL SOURCES OF UNRELATED BUSINESS TAXABLE INCOME(UBIT). THE TAX BENEFITS RECOGNIZED IN THE FINANCIAL STATEMENTS FROM SUCH A POSITION ARE MEASURED BASEDON THE LARGEST BENEFIT THAT HAS A GREATER THAN 50% LIKELIHOOD OF BEING REALIZED UPON ULTIMATE SETTLEMENT.THERE WERE NO UNRECOGNIZED TAX BENEFITS IDENTIFIED OR RECORDED AS LIABILITIES FOR FISCAL YEAR ENDED JUNE 30,2017. true true true true true true true false false false false false false false false false false true Line 3 A STATEMENT OF NONDISCRIMINATION WAS PUBLISHED IN THE ATLANTA JOURNAL CONSTITUTION ON NOVEMBER 4, 2015 AND DECEMBER 23, 2017 SEE PART I, LINE 3. true TUITION ASSISTANCE 7 78500 FMV REDUCTION IN TUITION Pt I Line 2 FAMILIES SUBMIT AN APPLICATION FOR TUITION ASSISTANCE TO A THIRD PARTY (SSS BY NAIS) AND THE APPLICATIONS ARE REVIEWED BY THE SCHOOL LEADERSHIP TEAM FOR APPROVAL Pt III, col (b) ACTUAL NUMBER OF RECIPIENTS ARE TRACKED MARYCAMPBELL JENKINS DIRECT OF OPERATIONS PURCHASE OF BLDG X 25000 false true true MARYCAMPBELL JENKINS DIRECT OF OPERATIONS RENT X 10500 false true true MARYCAMPBELL JENKINS DIRECT OF OPERATIONS SEE SCH O X 27 27 false false false 27 MARY CAMPBELL JENKINS LANDLORD 10500 RENT PER MONTH false PART II MARY CAMPBELL JENKINS PURCHASED THE BUILDING FOR THE ORGANIZATION AFTER THE ORGANIZATION COULD NOT GET A LOAN TO PURCHASE. AS A RESULT, SHE BECAME THE ORGANIZATIONS LAND LORD, AND THE $25,000 EARNEST MONEY ALREADY PAID WAS CONVERTED TO A LOAN FROM THE ORGANIZATION, WHICH WAS REPAID TO THE ORGANIZATION IN SEPTEMBER 2016. RENT WAS ESTABLISHED TO BE $10,500 BASED ON THE MORTGAGE ASSUMED BY MARY CAMPBELL JENKINS. Pt VI, Line 2 MARY-CAMPBELL JENKINS AND PETER LEFKOWICZ ARE MARRIED, AND ARE ALSO OFFICERS OF THE SCHOOL Pt VI, Line 8b THE NEW SCHOOL DOES NOT CURRENTLY HAVE COMMITTEES. Pt VI, Line 11b FORM 990 IS PROVIDED TO THE BOARD FOR REVIEW AND COMMENTS PRIOR TO FILING. Pt VI, Line 12c DUTY TO DISCLOSE: IN CONNECTION WITH ANY ACTUAL OR POSSIBLE CONFLICT OF INTEREST,AN INTERESTED PERSON MUST DISCLOSE THE EXISTENCE OF THE FINANCIAL INTEREST AND BE GIVEN THE OPPORTUNITY TO DISCLOSE ALL MATERIAL FACTS TO THE DIRECTORS AND MEMBERS OF COMMITTEES WITH GOVERNING BOARD DELEGATED POWERS CONSIDERING THE PROPOSED TRANSACTION OR ARRANGEMENT. DETERMINING WHETHER A CONFLICT OF INTEREST EXISTS: AFTER DISCLOSURE OF THE FINANCIAL INTEREST AND ALL MATERIAL FACTS, AND AFTER ANY DISCUSSION WITH THE INTERESTED PERSON, HE/SHE SHALL LEAVE THE GOVERNING BOARD ORCOMMITTEE MEETING WHILE THE DETERMINATION OF A CONFLICT OF INTEREST IS DISCUSSED AND VOTED UPON. THE REMAINING BOARD OR COMMITTEE MEMBERS SHALL DECIDE IF A CONFLICT OF INTEREST EXISTS. PROCEDURES FOR ADDRESSING THE CONFLICT OF INTEREST: AN INTERESTED PERSON MAY MAKE A PRESENTATION AT THE GOVERNING BOARD OR COMMITTEE MEETING, BUT AFTER THE PRESENTATION, HE/SHE SHALL LEAVE THE MEETING DURING THE DISCUSSION OF, AND THE VOTE ON, THE TRANSACTION OR ARRANGEMENT INVOLVING THE POSSIBLE CONFLICT OF INTEREST. THE CHAIRPERSON OF THE GOVERNING BOARD OR COMMITTEE SHALL, IF APPROPRIATE, APPOINT A DISINTERESTED PERSON OR COMMITTEE TO INVESTIGATE ALTERNATIVES TO THE PROPOSED TRANSACTION OR ARRANGEMENT. AFTER EXERCISING DUE DILIGENCE, THE GOVERNING BOARD OR COMMITTEE SHALL DETERMINE WHETHER THE CORPORATION CAN OBTAIN WITH REASONABLE EFFORTS AMORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT FROM A PERSON OR ENTITY THAT WOULD NOT GIVE RISE TO A CONFLICT OF INTEREST. IF A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT IS NOT REASONABLY POSSIBLE UNDER CIRCUMSTANCES NOT PRODUCING A CONFLICT OF INTEREST, THEGOVERNING BOARD OR COMMITTEE SHALL DETERMINE BY A MAJORITY VOTE OF THE DISINTERESTED DIRECTORS WHETHER THE TRANSACTION OR ARRANGEMENT IS IN THE CORPORATION'S BEST INTEREST, FOR ITS OWN BENEFIT, AND WHETHER IT IS FAIRAND REASONABLE. IN CONFORMITY WITH THE ABOVE TERMINATION, IT SHALL MAKE ITS DECISION AS TO WHETHER TO ENTER INTO THE TRANSACTION OR ARRANGEMENT. VIOLATIONS OF THE CONFLICTS OF INTEREST POLICY: IF THE GOVERNING BOARD OR COMMITTEE HAS REASONABLE CAUSE TO BELIEVE A MEMBER HAS FAILED TO DISCLOSE ACTUAL OR POSSIBLE CONFLICTS OF INTEREST, IT SHALL INFORM THE MEMBER OF THE BASIS FOR SUCH BELIEF AND AFFORD THE MEMBER AN OPPORTUNITY TO EXPLAIN THE ALLEGED FAILURE TO DISCLOSE. IF, AFTER HEARING THE MEMBER'S RESPONSE AND AFTER MAKING FURTHER INVESTIGATION AS WARRANTED BY THE CIRCUMSTANCES,THE GOVERNING BOARD OR COMMITTEE DETERMINES THE MEMBER HAS FAILED TO DISCLOSE AN ACTUAL OR POSSIBLE CONFLICT OF INTEREST, IT SHALL TAKE APPROPRIATE DISCIPLINARY AND CORRECTIVE ACTION. Pt VI, Line 15a THE TERMS OF COMPENSATION SHALL BE APPROVED BY THE BOARD OR COMPENSATION COMMITTEE PRIOR TO THE FIRST PAYMENT OF COMPENSATION. ALL MEMBERS OF THE BOARD OR COMPENSATION COMMITTEE WHO APPROVE THE COMPENSATION ARRANGEMENTMUST NOT HAVE A CONFLICT OF INTEREST WITH RESPECT TO THE COMPENSATION SUBJECT FOR VOTE. THE BOARD OR COMPENSATION COMMITTEE SHALL OBTAIN AND RELY UPON APPROPRIATE DATA, INCLUDING: COMPENSATION PAID BY SIMILARLY SITUATED ORGANIZATIONS; AVAILABILITY OF SIMILAR SERVICES IN THEGEOGRAPHIC AREA OF THE NEW SCHOOL; CURRENT COMPENSATION STUDIES BY INDEPENDENT FIRMS; WRITTEN OFFERS FROM SIMILAR INSTITUTIONS COMPETING FOR THE SERVICES OF THE PERSON SUBJECT TO THE COMPENSATION ARRANGEMENT. Pt VI, Line 15b SEE 15A EXPLANATION. Pt VI, Line 19 THE SCHOOL MAKES FORM 1023 AND FORM 990 AVAILABLE UPON REQUEST IN THE MAIN OFFICE. Other ACCOUNTING METHOD CHANGED FROM CASH BASIS TO ACCRUAL BASIS AS OF 7/1/2016 Pt XI BAD DEBT EXPENSE OF $11,828 REPORTED ON PART XI LINE 9 AS OTHER CHANGES IN NET ASSETS Form 990, Part IX, Line 24e SECT 481a ADJ DUE TO ACCOUNTING METHOD CHANGE FROM CASH TO ACCRUAL 32458. 32458. 0. 0.