Gould Academy guides students to be creative, courageous and resilient and to lead lives of fulfillment and purpose.

501(c)(3) charity; gifts are tax-deductible.
79¢ of each $1 spent went to programs.
$686K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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FY2024 · 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
2 of 6
filings with a surplus
Average deficit $2.2M a year · 14% of revenue · last 6 filings
Concern: a surplus in 2 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
79%
of spending
Looks good: 79% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$686K
to officers and key staff · 3% of spending
Looks good: pay to officers and key staff is 3% of spending; 15% or less.
Pt VII · Sec A
<1 mo
of spending, in cash
Plus $25.0M in investments, Pt X · Ln 11–13
Fine: 0.5 months of spending in cash, plus $25.0M in investments.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
16
named funders · $664K
Looks good: 16 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$6.3M
15% of total assets
Looks good: liabilities are 15% of assets; 50% or less.
Pt X · Ln 26
Independent board members
17
of 17 voting members
Looks good: 17 of 17 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$16.6M
+1% vs prior year
Spent
$19.9M
To programs
79%
Net assets
$37.2M
By yearFY2020–FY2025
Revenue
$16.6M
FY2024▲ +1%
Tap a bar for its year
Revenue by fiscal year
FY2020$15.2M
FY2021$16.7M
FY2022$14.9M
FY2023$16.4M
FY2024$16.6M
FY2025$15.6M
Expenses
$19.9M
FY2024▲ +0.5%
Tap a bar for its year
Expenses by fiscal year
FY2020$15.1M
FY2021$16.4M
FY2022$17.5M
FY2023$19.7M
FY2024$19.9M
FY2025$20.0M
Net assets
$37.2M
FY2024+0.2%
Tap a bar for its year
Net assets by fiscal year
FY2020$37.3M
FY2021$44.4M
FY2022$38.0M
FY2023$37.1M
FY2024$37.2M
FY2025$34.9M

From the FY2024 Form 990 (year ending June 2024) · figures checked against the IRS filing · see the original

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You’re viewing the FY2024 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 Oct 1942.

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

Where the money goes

79 cents of each dollar spent went to programs.

Program services 79% · $15.6M Management & general 18% · $3.5M Fundraising 4% · $716K

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

21 people listed on the 990; $686K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
Head of Scho
$266,503Pt VII · Sec A
Asst. H.o.s.
$168,882Pt VII · Sec A
Asst. H.o.s.
$129,201Pt VII · Sec A
Asst. H.o.s.
$121,754Pt VII · Sec A
Member at La
$0Pt VII · Sec A
Member at La
$0Pt VII · Sec A
$0Pt VII · Sec A
Member at La
$0Pt VII · Sec A

Tao Smith’s $269K as Head of Scho is at the 58th percentile of top reported officer pay among 3683 $10–100M 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 · 8 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Tao Smith$269,417$266,503$236,596$257,500$118,337—
Christopher Gorycki—————$201,530
David F Willis JR$145,510$168,882$190,712$167,620$67,500—
Chris Sparks————$135,128$131,559
Brad Clarke$130,467$129,201$126,640$124,237$121,200$102,446
Mark Godomsky$129,526—————
Kristen Kaschub$128,899—————
Karen Burns$122,602$121,754————

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 15aYes

Programs and updates

Prepares motivated students for college and fosters ethical, independent citizens.

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Provided by the organization

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1 program · $15.6M · in their own filed words · FY2023
01

A gould education is transformative. Students build meaningful relationships in our community, and learn through a challenging interdisciplinary curriculum. Our extraordinary mountain setting and innovative educators provide the environment, time, and mentorship for young people to discover and fulfill their potential.

$15.6Mprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · funders on record
Grants received · FY2024
See all 16 funders →

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$16.6M
Ln 12
Fees for servicesLn 2g$14.5M
Gifts and grantsLn 1h$1.2M
Investment incomeLn 3$912K
Money outPt IX
$19.9M
Ln 25
Programscol B$15.6M
Managementcol C$3.5M
Fundraisingcol D$716K
Owns and owesPt X
$37.2M
net assets · Ln 32
Cash and savingsLn 1–2$887K
Total assetsLn 16$43.5M
LiabilitiesLn 26$6.3M
PeoplePt VI, VII
21
listed · VII A
PaidVII A4
Voting boardVI 1a17
IndependentVI 1b17
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.2M
Noncash giftsLn 1g$28K
Fees for servicesLn 2g$14.5M
Investment incomeLn 3$912K
Gains on assetsLn 7$378K
Total revenueLn 12$16.6M
Assets in detailPt X, end of year
CashLn 1$391K
SavingsLn 2$495K
Cash and savings togetherLn 1–2$887K
InvestmentsLn 11–13$25.0M
Land, buildings, equipmentLn 10c$16.2M
Other assetsLn 15$1.1M
Total assetsLn 16$43.5M
LiabilitiesLn 26$6.3M
Net assetsLn 32$37.2M
OperationsPt I, VI
EmployeesI 5167
VolunteersI 637
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$1.4M$887K
InvestmentsLn 11–13$24.6M$25.0M
Land, buildings, equipmentLn 10c$16.2M$16.2M
Total assetsLn 16$43.9M$43.5M
LiabilitiesLn 26$6.8M$6.3M
Net assetsLn 32$37.1M$37.2M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$4.4M$4.4M
Pay of current officers, directors and key staffLn 5$479K$383K$96K
Other salaries and wagesLn 7$6.7M$4.8M$1.6M$297K
Pension plan contributionsLn 8$282K$225K$53K$4K
Other employee benefitsLn 9$1.1M$857K$247K$27K
Payroll taxesLn 10$498K$364K$118K$15K
Legal feesLn 11b$76K$76K
Accounting feesLn 11c$26K$26K
Investment management feesLn 11f$6K$6K
Other fees for servicesLn 11g$192K$98K$87K$6K
Advertising and promotionLn 12$135K$14K$68K$54K
Office expensesLn 13$103K$2K$89K$12K
Information technologyLn 14$241K$17K$223K
OccupancyLn 16$1.3M$1.2M$23K$89K
TravelLn 17$84K$78K$4K$1K
Conferences, conventions and meetingsLn 19$64K$10K$34K$20K
InterestLn 20$140K$130K$9K
Depreciation, depletion and amortizationLn 22$874K$874K
InsuranceLn 23$300K$9K$291K
Other expenses (24a–d)Ln 24$2.4M$2.2M$145K$73K
All other expensesLn 24e$338K$227K$91K$20K
Total functional expensesLn 25$19.9M$15.6M$3.5M$716K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $15.6M$20.0M−$4.4M$34.9M 990 PDF
FY2024 Viewing $16.6M$19.9M−$3.3M$37.2M 990 PDF
FY2023 $16.4M$19.7M−$3.4M$37.1M 990 PDF
FY2022 $14.9M$17.5M−$2.6M$38.0M 990 PDF
FY2021 $16.7M$16.4M$308K$44.4M 990 PDF
FY2020 $15.2M$15.1M$136K$37.3M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support M · Noncash J · Pay O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $16,585,515 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,954,626$1,158,320
I-9 Program service revenuePrior year $13,952,983$14,520,310
I-10 Investment incomePrior year $474,446$911,839
I-11 Other revenuePrior year $14,951−$4,954
I-12 Total revenuePrior year $16,397,006$16,585,515
I-13 Grants and similar amounts paidPrior year $5,098,339$4,444,119
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $8,382,714$9,065,644
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $6,268,780$6,344,596
I-18 Total expensesPrior year $19,749,833$19,854,359
I-19 Revenue less expensesPrior year −$3,352,827−$3,268,844
Part VI · Governance 17 of 17 board members independent, 1 to look at
VI-1a Voting members of the governing body17
VI-1b Independent voting members17
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $16,585,515 across 7 lines filed
Lines not itemized here account for −$4,954 of total revenue; see the IRS return.
VIII-1f All other contributions, gifts and grants$1,158,320
VIII-1g Noncash contributions (included above)$28,047
VIII-1h Total contributions, gifts and grants$1,158,320
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $14,520,310$14,520,310
VIII-3 Investment incomeExcluded from tax $533,860$533,860
VIII-7 Net gain or loss on sales of assetsRelated to mission $1,000 · Excluded from tax $376,979$377,979
VIII-12 Total revenueRelated to mission $14,521,310 · Excluded from tax $905,885$16,585,515
Part IX · Statement of functional expenses $19,854,359 across 21 lines filed
IX-2 Grants to domestic individualsPrograms $4,444,119$4,444,119
IX-5 Pay of current officers, directors and key staffManagement $382,898 · Fundraising $95,725$478,623
IX-7 Other salaries and wagesPrograms $4,808,944 · Management $1,570,328 · Fundraising $297,065$6,676,337
IX-8 Pension plan contributionsPrograms $224,826 · Management $52,909 · Fundraising $4,234$281,969
IX-9 Other employee benefitsPrograms $856,701 · Management $246,936 · Fundraising $27,464$1,131,101
IX-10 Payroll taxesPrograms $364,434 · Management $118,207 · Fundraising $14,973$497,614
IX-11b Legal feesManagement $75,697$75,697
IX-11c Accounting feesManagement $26,500$26,500
IX-11f Investment management feesManagement $6,018$6,018
IX-11g Other fees for servicesPrograms $98,332 · Management $87,133 · Fundraising $6,408$191,873
IX-12 Advertising and promotionPrograms $13,543 · Management $67,714 · Fundraising $54,171$135,428
IX-13 Office expensesPrograms $1,846 · Management $89,464 · Fundraising $12,168$103,478
IX-14 Information technologyPrograms $17,176 · Management $223,496$240,672
IX-16 OccupancyPrograms $1,213,287 · Management $23,096 · Fundraising $88,887$1,325,270
IX-17 TravelPrograms $78,385 · Management $4,361 · Fundraising $1,090$83,836
IX-19 Conferences, conventions and meetingsPrograms $9,656 · Management $34,093 · Fundraising $20,347$64,096
IX-20 InterestPrograms $130,384 · Management $9,235$139,619
IX-22 Depreciation, depletion and amortizationPrograms $873,682$873,682
IX-23 InsurancePrograms $9,177 · Management $291,158$300,335
IX-24 Other expenses (24a–d)Programs $2,221,880 · Management $145,097 · Fundraising $73,017$2,439,994
IX-24e All other expensesPrograms $227,116 · Management $90,715 · Fundraising $20,267$338,098
IX-25 Total functional expensesPrograms $15,593,488 · Management $3,545,055 · Fundraising $715,816$19,854,359
Part X · Balance sheet $43,512,055 assets, 19 lines filed
X-1 Cash, non-interest-bearingStart of year $814,857$391,373
X-2 Savings and temporary cash investmentsStart of year $625,037$495,237
X-3 Pledges and grants receivableStart of year $312,588$112,586
X-4 Accounts receivableStart of year $41,794$80,644
X-8 Inventories for sale or useStart of year $145,671$102,637
X-9 Prepaid expenses and deferred chargesStart of year $64,273$30,971
X-10c Land, buildings and equipment, netStart of year $16,242,358$16,161,323
X-11 Publicly traded securitiesStart of year $24,556,364$25,031,348
X-15 Other assetsStart of year $1,091,429$1,105,936
X-16 Total assetsStart of year $43,894,371$43,512,055
X-17 Accounts payable and accrued expensesStart of year $579,772$973,490
X-19 Deferred revenueStart of year $2,291,776$1,875,576
X-20 Tax-exempt bond liabilitiesStart of year $2,878,383$2,764,529
X-25 Other liabilitiesStart of year $428,100$106,046
X-26 Total liabilitiesStart of year $6,798,075$6,340,701
X-27 Net assets without donor restrictionsStart of year $16,272,013$15,431,548
X-28 Net assets with donor restrictionsStart of year $20,824,283$21,739,806
X-32 Total net assets or fund balancesStart of year $37,096,296$37,171,354
X-33 Total liabilities and net assetsStart of year $43,894,371$43,512,055
Part XI · Reconciliation of net assets $37,171,354 net assets at year end
XI-1 Total revenue$16,585,515
XI-2 Total expenses$19,854,359
XI-3 Revenue less expenses−$3,268,844
XI-4 Net assets at start of year$37,096,296
XI-5 Net unrealized gains (losses) on investments$3,343,902
XI-10 Net assets at end of year$37,171,354

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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