Since the payment is associated with your profession as a Teacher, it would likely be considered wage or self-employment compensation that is subject to social security (self-employment) tax by the IRS. It is true that you will be subject to twice as much social security tax as if the income was reported on a W-2 form.
The IRS will likely look for the income to be reported on a schedule C since it was reported on a form 1099-NEC. So, you may get an inquiry from them down the road if you report it otherwise on your tax return.
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