Lake Champlain Waldorf School EIN 03-0296320 Form 990 (PDF) Claim this org

Lake Champlain Waldorf School FY2021 filing

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Builds and supports Waldorf schools, educating the public on Waldorf principles and anthroposophy. For fiscal year 2021 it reported $3.5M in revenue, $3.1M in expenses, and $2.3M 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 (2021–2021)
Revenue
$3.5MFY2021
Expenses
$3.1M
Net assets
$2.3M
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)
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →
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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
Karen White · Trustee · $53K
Money in and out
$3.5M revenue, $3.1M expenses
Bottom line
66% program efficiency
Where the money goes · FY2021
Total revenue
$3.5M
Pt VIII · Ln 12
Total expenses
$3.1M
Pt IX · Ln 25
Net assets
$2.3M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $380K
Where spending went · Part IX cols B–D
Program services $0.66 Management & general $0.34
Program efficiency
66%
of spending reaches programs
Operating runway
3.7mo
months of highly liquid reserves at operating expense rate
Surplus margin
+11%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2021 · Form 990
Revenue
$3.5M
FY2021
Expenses
$3.1M
FY2021
Total assets
$5.1M
FY2021
Total liabilities
$2.9M
FY2021
Total revenue
$3.5M
Pt VIII · Ln 12
Total expenses
$3.1M
Pt IX · Ln 25
Net assets
$2.3M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$380K
Total assetsPt X · Ln 16$5.1M
Program-expense ratioPt IX · col B66%
Voting members of governing bodyPt I · Ln 313
Independent voting membersPt I · Ln 410

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 1a13
Independent voting membersPt VI · Ln 1b10
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14No
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 · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
$53,313Pt VII · Sec A
$48,591Pt VII · Sec A
$6,649Pt VII · Sec A
$154Pt 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 3394 $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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Mission & Programs · Part III

Where the work happens

3 program services account for $2.1M of program spending, described in the organization's own filed words · FY2020.
01

Lower School Program

Lake Champlain Waldorf School serves approximately 63 children from First Grade to Sixth Grade.

$865Kprogram expense
02

Upper School Program

Lake Champlain Waldorf School serves approximately 45 children from Grade Seven to Grade Twelve.

$618Kprogram expense
03

Early Childhood Program

Lake Champlain Waldorf School serves approximately 42 children from Nursery-aged to Kindergarten.

$577Kprogram expense

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Statement of Revenue

Part VIII
Program service revenue$2.6M · 73%
Contributions & grants$889K · 25%
Other revenue$33K · 1%
Program service revenue73%$2.6M
Contributions & grants25%$889K
Other revenue1%$33K
Investment income$5K
— government grantsLn 1e$354K
Total revenueLn 12$3.5M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.66 Management & general $0.34
Program services66%$2.1M
Management & general34%$1.1M
Total functional expensesLn 25$3.1M

Balance Sheet

Part X · end of year
CashLn 1$968K
Total assetsLn 16$5.1M
Total liabilitiesLn 26$2.9M
Total net assetsLn 32$2.3M
Months of cash on handcomputed3.7

Financial Metrics

Form 990 · FY2021 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $968K · Operating expenses/yr $3.1M
3.7 months
Where the money goes
Program services
Program services $2.1M · Total expenses $3.1M
66%
Management & General
Management & general $1.1M · Total expenses $3.1M
34%
Fundraising
Fundraising $0 · Total expenses $3.1M
0%
Cost to raise $1
Fundraising expense $0 · Solicited contributions $535K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $889K · Total revenue $3.5M
25%
Government reliance
Government grants $354K · Total revenue $3.5M
10%
Earned-income share
Program service revenue $2.6M · Total revenue $3.5M
73%
Investment reliance
Investment income $5K · Total revenue $3.5M
+0.1%
Program self-sufficiency
Program service revenue $2.6M · Total expenses $3.1M
82%
Growth & trend
Revenue growth (YoY)
This year $3.5M · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $2.3M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $3.5M · Expenses $3.1M
+11%
Liabilities-to-Assets
Total liabilities — · Total assets $5.1M
Net-asset ratio
Net assets $2.3M · Total assets $5.1M
44%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $5.1M
0%
People & payroll
Highest Reported Total Compensation
Individual Karen White · Reported title Trustee · Highest reported compensation $53K · Total expenses $3.1M
2%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $1.8M · Total expenses $3.1M
57%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 66%
Overhead ratio 34%
Fundraising cost ratio 0%
Investment management fee ratio 0%
Legal fee ratio 0.2%
Accounting fee ratio 0.4%
Fundraising fee ratio 0%

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 · viewing · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2021IRS
Classification, formation year, addressIRS Business Master File
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