Aurora School EIN 03-0358187

Aurora School

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Aurora School is an education nonprofit based in Middlebury, VT. For fiscal year 2025 it reported $322K in revenue, $291K in expenses, and $271K in net assets.Pt I

Type
Public charity (501(c)(3)) · Education
Location
Middlebury, VT
Filings
5 on file (2021–2025)
Revenue
$322KFY2025
Expenses
$291K
Net assets
$271K
People
5
Filings
5
Updates
0
More identity details & actions ⌄
EIN  03-0358187 Public charity (501(c)(3)) Middlebury, VT
Form 990 (PDF)
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Size
$100K–1M
What they do
an education nonprofit
Leadership
Kathleen McMurray · Director · $78K
Money in and out
$322K revenue, $291K expenses
Bottom line
97% program efficiency
Where the money goes · FY2025
Total revenue
$322K
Pt VIII · Ln 12
Total expenses
$291K
Pt IX · Ln 25
Net assets
$271K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $31K
Where spending went · Part IX cols B–D
Program services $0.97 Management & general $0.03
Program efficiency
97%
of spending reaches programs▼ -0.7% vs prior filing year
Operating runway
5.1mo
months of highly liquid reserves at operating expense rate▼ -4% vs prior filing year
Surplus margin
+10%
revenue over expenses, this year▼ -11% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$322K
FY2025▲ +6%
Expenses
$291K
FY2025▲ +8%
Total assets
$348K
FY2025▲ +0.8%
Total liabilities
$77K
FY2025▼ -27%
Total revenue
$322K
Pt VIII · Ln 12
Total expenses
$291K
Pt IX · Ln 25
Net assets
$271K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$31K
Total assetsPt X · Ln 16$348K
Program-expense ratioPt IX · col B97%
Voting members of governing bodyPt I · Ln 37
Independent voting membersPt I · Ln 47
Mission & Programs · Part III

Where the work happens

1 program service account for $282K of program spending, described in the organization's own filed words · FY2024.
01

Education

$282Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CAurora School
EINHdr · item D03-0358187
Principal addressHdr · item CMiddlebury, VT
WebsiteHdr · item Jnone reported
Year of formationHdr · item Lpending
State of legal domicileHdr · item MVT
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEducation (B24)
Ruling yearIRS BMFFeb 1999

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 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
$78,398Pt VII · Sec A
President
$38,136Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Kathleen McMurray’s $78K as Director is at the 70th percentile of top reported officer pay among 1615 $100K–1M 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 · 2 named individuals · Part VII

NameFY2025FY2023FY2022FY2021
Kathleen McMurray$78,398$71,488$57,064$53,401
Susan Vigne$38,136$32,147$27,397

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 revenue100%$322K
Total revenueLn 12$322K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.97 Management & general $0.03
Program services97%$282K
Management & general3%$9K
Total functional expensesLn 25$291K

Balance Sheet

Part X · end of year
CashLn 1$123K
Total assetsLn 16$348K
Total liabilitiesLn 26$77K
Total net assetsLn 32$271K
Months of cash on handcomputed5.1

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $123K · Operating expenses/yr $291K
5.1 months
Where the money goes
Program services
Program services $282K · Total expenses $291K
97%
Management & General
Management & general $9K · Total expenses $291K
3%
Fundraising
Fundraising $0 · Total expenses $291K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $1K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $0 · Total revenue $322K
0%
Government reliance
Government grants — · Total revenue $322K
Earned-income share
Program service revenue $322K · Total revenue $322K
100%
Investment reliance
Investment income $0 · Total revenue $322K
0%
Program self-sufficiency
Program service revenue $322K · Total expenses $291K
111%
Growth & trend
Revenue growth (YoY)
This year $322K · Prior year $303K
+6%
Revenue CAGR
FY2020 $274K · FY2024 $322K
+4%
Net-asset trend (YoY)
End of year $271K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $322K · Expenses $291K
+10%
Liabilities-to-Assets
Total liabilities — · Total assets $348K
Net-asset ratio
Net assets $271K · Total assets $348K
78%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $348K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Kathleen McMurray · Reported title Director · Highest reported compensation $78K · Total expenses $291K
27%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $202K · Total expenses $291K
70%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 97%
Overhead ratio 3%
Revenue growth 6%
Accounting fee ratio 3%

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.

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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
FY2025 (Latest)$322K revenue · viewing · ⤓ 990 PDF
FY2024$303K revenue · ⤓ 990 PDF
FY2023$283K revenue · ⤓ 990 PDF
FY2022$297K revenue · ⤓ 990 PDF
FY2021$274K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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