Levey Day School FY2024 filing

Tax-deductible

Portland, ME501(c)(3)EIN 01-0285528Revenue $456K in FY2024

On file with the IRSleveydayschool.org400 Deering Ave, 04103-4454 · Portland, METax-exempt since Dec 1969School — 170(b)(1)(A)(ii)

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To establish, maintain and conduct schools to teach secular studies and judaic religious, philosophical and cultural studies.

501(c)(3) charity; gifts are tax-deductible.
95¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

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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 $19K a year · 4% of revenue · last 6 filings
Concern: a surplus in 2 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
95%
of spending
Looks good: 95% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
2 mo
of spending, in cash
Fine: 1.6 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
8
named funders · $97K
Looks good: 8 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$288K
293% of total assets
Concern: liabilities are 293% of assets; over 80%.
Pt X · Ln 26
Independent board members
12
of 12 voting members
Looks good: 12 of 12 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$456K
-10% vs prior year
Spent
$577K
To programs
95%
Net assets
−$190K
By yearFY2020–FY2025
Revenue
$456K
FY2024▼ -10%
Tap a bar for its year
Revenue by fiscal year
FY2020$359K
FY2021$623K
FY2022$496K
FY2023$509K
FY2024$456K
FY2025$622K
Expenses
$577K
FY2024▲ +3%
Tap a bar for its year
Expenses by fiscal year
FY2020$380K
FY2021$465K
FY2022$625K
FY2023$559K
FY2024$577K
FY2025$578K
Net assets
−$190K
FY2024▼ -175%
Tap a bar for its year
Net assets by fiscal year
FY2020−$23K
FY2021$110K
FY2022−$18K
FY2023−$69K
FY2024−$190K
FY2025−$146K

From the FY2024 Form 990 (year ending June 2024) · 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 Dec 1969.

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

Where the money goes

95 cents of each dollar spent went to programs.

Program services 95% · $547K Management & general 4% · $26K Fundraising 1% · $4K

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

12 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
Immediate Past President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
See Levey Day School executive salaries →

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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 15aNo

Programs and updates

Educates students in secular and Jewish religious, philosophical, and cultural studies.

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Provided by the organization

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1 program · $547K · in their own filed words · FY2023
01

Provided students full-time, academic year of elementary school instruction from kindergarten through 8th grade.

$547Kprogram 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 8 funders →

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$456K
Ln 12
Fees for servicesLn 2g$304K
Gifts and grantsLn 1h$147K
Other incomeLn 4–11$5K
Money outPt IX
$577K
Ln 25
Programscol B$547K
Managementcol C$26K
Fundraisingcol D$4K
Owns and owesPt X
−$190K
net assets · Ln 32
Cash and savingsLn 1–2$79K
Total assetsLn 16$98K
LiabilitiesLn 26$288K
PeoplePt VI, VII
12
listed · VII A
PaidVII A0
Voting boardVI 1a12
IndependentVI 1b12
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$147K
Government grantsLn 1e$0
Noncash giftsLn 1g$0
Fundraising eventsLn 1c$2K
Fees for servicesLn 2g$304K
Other incomeLn 4–11$5K
Total revenueLn 12$456K
Assets in detailPt X, end of year
CashLn 1$79K
Cash and savings togetherLn 1–2$79K
Total assetsLn 16$98K
LiabilitiesLn 26$288K
Net assetsLn 32−$190K
OperationsPt I, VI
EmployeesI 521
VolunteersI 698
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
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$99K$79K
Total assetsLn 16$120K$98K
LiabilitiesLn 26$189K$288K
Net assetsLn 32−$69K−$190K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0$0
Grants to domestic individualsLn 2$0$0
Grants and assistance to foreign recipientsLn 3$0$0
Benefits paid to or for membersLn 4$0$0
Pay of current officers, directors and key staffLn 5$88K$80K$4K$4K
Pay of disqualified personsLn 6$326K$326K$0$0
Other salaries and wagesLn 7$0$0$0$0
Pension plan contributionsLn 8$0$0$0$0
Other employee benefitsLn 9$28K$28K$0$0
Payroll taxesLn 10$31K$31K$0$0
Management feesLn 11a$0$0$0$0
Legal feesLn 11b$7K$0$7K$0
Accounting feesLn 11c$3K$2K$2K$0
Lobbying feesLn 11d$0$0$0$0
Professional fundraising feesLn 11e$0$0
Investment management feesLn 11f$0$0$0$0
Other fees for servicesLn 11g$0$0$0$0
Advertising and promotionLn 12$4K$0$4K$0
Office expensesLn 13$2K$1K$776
Information technologyLn 14$0$0$0$0
RoyaltiesLn 15$0$0$0$0
OccupancyLn 16$60K$53K$7K
TravelLn 17$0$0$0$0
Travel and entertainment for public officialsLn 18$0$0$0$0
Conferences, conventions and meetingsLn 19$0$0$0$0
InterestLn 20$0$0$0$0
Payments to affiliatesLn 21$0$0$0$0
Depreciation, depletion and amortizationLn 22$0$0$0$0
InsuranceLn 23$5K$5K$0$0
Other expenses (24a–d)Ln 24$19K$18K$2K$0
All other expensesLn 24e$3K$3K$0$0
Total functional expensesLn 25$577K$547K$26K$4K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $622K$578K$44K−$146K 990 PDF
FY2024 Viewing $456K$577K−$121K−$190K 990 PDF
FY2023 $509K$559K−$50K−$69K 990 PDF
FY2022 $496K$625K−$128K−$18K 990 PDF
FY2021 $623K$465K$159K$110K 990 PDF
FY2020 $359K$380K−$21K−$23K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (6 parts)
Part I · Summary $456,057 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $115,143$147,475
I-9 Program service revenuePrior year $385,744$303,586
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $8,456$4,996
I-12 Total revenuePrior year $509,343$456,057
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $457,269$472,654
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $101,771$104,243
I-18 Total expensesPrior year $559,040$576,897
I-19 Revenue less expensesPrior year −$49,697−$120,840
Part VI · Governance 12 of 12 board members independent, 4 to look at
VI-1a Voting members of the governing body12
VI-1b Independent voting members12
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $456,057 across 11 lines filed
VIII-1a Federated campaigns$25,000
VIII-1b Membership dues$0
VIII-1c Fundraising events$1,881
VIII-1d Related organizations$0
VIII-1e Government grants$0
VIII-1f All other contributions, gifts and grants$120,594
VIII-1g Noncash contributions (included above)$0
VIII-1h Total contributions, gifts and grants$147,475
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $303,586 · Unrelated business $0 · Excluded from tax $0$303,586
VIII-8 Net income from fundraising eventsUnrelated business $0 · Excluded from tax $4,996$4,996
VIII-12 Total revenueRelated to mission $303,586 · Unrelated business $0 · Excluded from tax $4,996$456,057
Part IX · Statement of functional expenses $576,897 across 31 lines filed
IX-1 Grants to domestic organizationsPrograms $0$0
IX-2 Grants to domestic individualsPrograms $0$0
IX-3 Grants and assistance to foreign recipientsPrograms $0$0
IX-4 Benefits paid to or for membersPrograms $0$0
IX-5 Pay of current officers, directors and key staffPrograms $80,000 · Management $3,750 · Fundraising $3,750$87,500
IX-6 Pay of disqualified personsPrograms $325,857 · Management $0 · Fundraising $0$325,857
IX-7 Other salaries and wagesPrograms $0 · Management $0 · Fundraising $0$0
IX-8 Pension plan contributionsPrograms $0 · Management $0 · Fundraising $0$0
IX-9 Other employee benefitsPrograms $28,284 · Management $0 · Fundraising $0$28,284
IX-10 Payroll taxesPrograms $31,013 · Management $0 · Fundraising $0$31,013
IX-11a Management feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11b Legal feesPrograms $0 · Management $7,355 · Fundraising $0$7,355
IX-11c Accounting feesPrograms $1,775 · Management $1,500 · Fundraising $0$3,275
IX-11d Lobbying feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11e Professional fundraising feesFundraising $0$0
IX-11f Investment management feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11g Other fees for servicesPrograms $0 · Management $0 · Fundraising $0$0
IX-12 Advertising and promotionPrograms $0 · Management $4,023 · Fundraising $0$4,023
IX-13 Office expensesPrograms $1,313 · Management $776$2,089
IX-14 Information technologyPrograms $0 · Management $0 · Fundraising $0$0
IX-15 RoyaltiesPrograms $0 · Management $0 · Fundraising $0$0
IX-16 OccupancyPrograms $53,385 · Management $6,975$60,360
IX-17 TravelPrograms $0 · Management $0 · Fundraising $0$0
IX-18 Travel and entertainment for public officialsPrograms $0 · Management $0 · Fundraising $0$0
IX-19 Conferences, conventions and meetingsPrograms $0 · Management $0 · Fundraising $0$0
IX-20 InterestPrograms $0 · Management $0 · Fundraising $0$0
IX-21 Payments to affiliatesPrograms $0 · Management $0 · Fundraising $0$0
IX-22 Depreciation, depletion and amortizationPrograms $0 · Management $0 · Fundraising $0$0
IX-23 InsurancePrograms $4,816 · Management $0 · Fundraising $0$4,816
IX-24 Other expenses (24a–d)Programs $17,576 · Management $1,535 · Fundraising $0$19,111
IX-24e All other expensesPrograms $3,214 · Management $0 · Fundraising $0$3,214
IX-25 Total functional expensesPrograms $547,233 · Management $25,914 · Fundraising $3,750$576,897
Part X · Balance sheet $98,362 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $99,294$79,205
X-4 Accounts receivableStart of year $21,115$19,157
X-16 Total assetsStart of year $120,409$98,362
X-17 Accounts payable and accrued expensesStart of year $38,336$53,861
X-19 Deferred revenueStart of year $43,653$153,778
X-24 Unsecured notes and loans payableStart of year $107,430$80,573
X-26 Total liabilitiesStart of year $189,419$288,212
X-32 Total net assets or fund balancesStart of year −$69,010−$189,850
X-33 Total liabilities and net assetsStart of year $120,409$98,362
Part XI · Reconciliation of net assets −$189,850 net assets at year end
XI-1 Total revenue$456,057
XI-2 Total expenses$576,897
XI-3 Revenue less expenses−$120,840
XI-4 Net assets at start of year−$69,010
XI-5 Net unrealized gains (losses) on investments$0
XI-6 Donated services and use of facilities$0
XI-7 Investment expenses$0
XI-8 Prior period adjustments$0
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year−$189,850

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

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