Lake Champlain Waldorf School EIN 03-0296320

Lake Champlain Waldorf School

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Builds and supports Waldorf schools, educating the public on Waldorf principles and anthroposophy. For fiscal year 2024 it reported $4.9M in revenue, $4.7M in expenses, and $3.4M in net assets.Pt I

Founded
1984
Type
Public charity (501(c)(3)) · Education
Location
Shelburne, VT
Website
www.lakechamplainwaldorfschool.org
Filings
4 on file (2021–2024)
Revenue
$4.9MFY2024
Expenses
$4.7M
Net assets
$3.4M
People
13
Filings
4
Updates
0
More identity details & actions ⌄
EIN  03-0296320 Public charity (501(c)(3)) Shelburne, VT Founded 1984
Form 990 (PDF)
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Figures match the IRS filing checked 8/24/26 · see original: IRS
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Size
$1–10M
What they do
Builds and supports Waldorf schools, educating the public on Waldorf principles and anthroposophy.
Leadership
Lindsay Miles · Trustee · $76K
Money in and out
$4.9M revenue, $4.7M expenses
Bottom line
69% program efficiency
Where the money goes · FY2024
Total revenue
$4.9M
Pt VIII · Ln 12
Total expenses
$4.7M
Pt IX · Ln 25
Net assets
$3.4M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $236K
Where spending went · Part IX cols B–D
Program services $0.69 Management & general $0.31
Program efficiency
69%
of spending reaches programs▲ +4% vs prior filing year
Operating runway
5.1mo
months of highly liquid reserves at operating expense rate▲ +2% vs prior filing year
Surplus margin
+5%
revenue over expenses, this year▼ -19% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$4.9M
FY2024▲ +10%
Expenses
$4.7M
FY2024▲ +12%
Total assets
$5.8M
FY2024▲ +5%
Total liabilities
$2.4M
FY2024▲ +4%
Total revenue
$4.9M
Pt VIII · Ln 12
Total expenses
$4.7M
Pt IX · Ln 25
Net assets
$3.4M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$236K
Total assetsPt X · Ln 16$5.8M
Program-expense ratioPt IX · col B69%
Voting members of governing bodyPt I · Ln 37
Independent voting membersPt I · Ln 47
Mission & Programs · Part III

Where the work happens

3 program services account for $3.2M of program spending, described in the organization's own filed words · FY2024.
01

Lower School Program Lake Champlain Waldorf School serves approximately 98 children from First grade to Sixth grade.

$1.4Mprogram expense
02

Upper School Program Lake Champlain Waldorf School serves approximately 72 children from Grade Seven to Grade Twelve.

$1.2Mprogram expense
03

Early Childhood Program Lake Champlain Waldorf School serves approximately 57 children from Nursey-ages to Kindergarten.

$657Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CLake Champlain Waldorf School
EINHdr · item D03-0296320
Principal addressHdr · item CShelburne, VT
Year of formationHdr · item L1984
State of legal domicileHdr · item MVT
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEducation (B21Z)
Ruling yearIRS BMFApr 1986

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a7
Independent voting membersPt VI · Ln 1b7
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$76,338Pt VII · Sec A
$67,450Pt VII · Sec A
$57,950Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Lindsay Miles’s $76K as Trustee is at the 17th percentile of top reported officer pay among 3392 $1–10M 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

NameFY2024FY2024FY2023FY2022FY2021
Lindsay Miles$76,338
Stephen Olson$72,120
Aaron Darland$67,450
Sharon Carlson$61,700$57,250$54,771
Bailey Johns$57,950$61,471$54,060
Abigail Diehl-Noble$56,871$48,591
Karen White$53,313
Elizabeth Dews$6,649

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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Statement of Revenue

Part VIII
Program service revenue$4.3M · 87%
Other revenue$273K · 6%
Contributions & grants$214K · 4%
Investment income$130K · 3%
Program service revenue87%$4.3M
Other revenue6%$273K
Contributions & grants4%$214K
Investment income3%$130K
— government grantsLn 1e$10K
Total revenueLn 12$4.9M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.69 Management & general $0.31
Program services69%$3.2M
Management & general31%$1.4M
Total functional expensesLn 25$4.7M

Balance Sheet

Part X · end of year
CashLn 1$309K
Total assetsLn 16$5.8M
Total liabilitiesLn 26$2.4M
Total net assetsLn 32$3.4M
Months of cash on handcomputed0.8

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $2.0M · Operating expenses/yr $4.7M
5.1 months
Where the money goes
Program services
Program services $3.2M · Total expenses $4.7M
69%
Management & General
Management & general $1.4M · Total expenses $4.7M
31%
Fundraising
Fundraising $0 · Total expenses $4.7M
0%
Cost to raise $1
Fundraising expense (3-yr avg) $10K · Solicited contributions (3-yr avg) $213K
$0.05 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $214K · Total revenue $4.9M
4%
Government reliance
Government grants $10K · Total revenue $4.9M
0.2%
Earned-income share
Program service revenue $4.3M · Total revenue $4.9M
87%
Investment reliance
Investment income $130K · Total revenue $4.9M
+3%
Program self-sufficiency
Program service revenue $4.3M · Total expenses $4.7M
92%
Growth & trend
Revenue growth (YoY)
This year $4.9M · Prior year $4.5M
+10%
Revenue CAGR
FY2020 $3.5M · FY2024 $4.9M
+9%
Net-asset trend (YoY)
End of year $3.4M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $4.9M · Expenses $4.7M
+5%
Liabilities-to-Assets
Total liabilities — · Total assets $5.8M
Net-asset ratio
Net assets $3.4M · Total assets $5.8M
58%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $1.6M · Other securities (Pt X, ln 12) $23K · Total assets (Pt X, ln 16) $5.8M
29%
People & payroll
Highest Reported Total Compensation
Individual Lindsay Miles · Reported title Trustee · Highest reported compensation $76K · Total expenses $4.7M
2%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $3.1M · Total expenses $4.7M
66%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 69%
Overhead ratio 31%
Revenue growth 10%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2025
Weld FoundationFY2025$12K
Total grants receivedfrom 1 funder$12K
Grants paid · 4 grants · $2.4M · 2020–2024
Unitemized GrantFY2024$635,147
Unitemized GrantFY2023$520,145
Unitemized GrantFY2022$575,984
Unitemized GrantFY2020$671,040

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024$4.5M revenue · ⤓ 990 PDF
FY2023$4.1M revenue · ⤓ 990 PDF
FY2022$3.7M revenue · ⤓ 990 PDF
FY2021$3.5M revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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