To provide education to pre k thru 9th grade day and boarding School students.

501(c)(3) charity; gifts are tax-deductible.
73¢ of each $1 spent went to programs.
Run by 21 volunteers and 148 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · 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
6 of 6
filings with a surplus
Average surplus $2.7M a year · 14% of revenue · last 6 filings
Looks good: a surplus in 6 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
73%
of spending
Fine: 73% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$1.3M
to officers and key staff · 7% of spending
Looks good: pay to officers and key staff is 7% of spending; 15% or less.
Pt VII · Sec A
7 mo
of spending, in cash
Plus $15.3M in investments, Pt X · Ln 11–13
Looks good: 7.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
20
named funders · $615K
Looks good: 20 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$25.8M
41% of total assets
Looks good: liabilities are 41% of assets; 50% or less.
Pt X · Ln 26
Independent board members
20
of 20 voting members
Looks good: 20 of 20 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$22.0M
+6% vs prior year
Spent
$20.0M
To programs
73%
Net assets
$37.8M
By yearFY2020–FY2025
Revenue
$22.0M
FY2025▲ +6%
Tap a bar for its year
Revenue by fiscal year
FY2020$14.3M
FY2021$17.6M
FY2022$17.3M
FY2023$20.5M
FY2024$20.8M
FY2025$22.0M
Expenses
$20.0M
FY2025▲ +8%
Tap a bar for its year
Expenses by fiscal year
FY2020$12.4M
FY2021$13.3M
FY2022$15.4M
FY2023$16.6M
FY2024$18.6M
FY2025$20.0M
Net assets
$37.8M
FY2025▲ +11%
Tap a bar for its year
Net assets by fiscal year
FY2020$19.2M
FY2021$25.5M
FY2022$25.8M
FY2023$30.8M
FY2024$34.1M
FY2025$37.8M

From the FY2025 Form 990 (year ending June 2025) · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Mar 1930.

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

Where the money goes

73 cents of each dollar spent went to programs.

Program services 73% · $14.7M Management & general 23% · $4.6M Fundraising 3% · $698K

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

28 people listed on the 990; $1.3M paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Former Head of School
$439,008Pt VII · Sec A
Interim Head of School
$235,551Pt VII · Sec A
Director of Advancement
$176,700Pt VII · Sec A
Controller
$155,056Pt VII · Sec A
Chief Financial Officer
$114,963Pt VII · Sec A
Diector of Buildings and Grounds
$105,753Pt VII · Sec A
Former Chief Financial Officer
$105,402Pt VII · Sec A
Trustee (as of 10/24)
$0Pt VII · Sec A

Jody Soja’s $439K as Former Head of School is at the 84th 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
Jody Soja$439,008—————
Jody R Soja—$366,596$329,911$305,300$300,908$220,320
Scott Erickson$235,551—————
Cheryl Sleboda—$191,018$197,226$169,787$138,107$123,336
Sarah Smith$176,700$163,200$158,200$126,554$108,108—
Melissa Proper$155,056$126,706————
Heather Eckert———$125,696$118,201$115,588
Amy Vorenberg——$118,360$113,975——

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.

See Indian Mountain School Incorporated 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 15aYes

Programs and updates

Educates pre-K through 9th grade students in day and boarding schools.

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Provided by the organization

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1 program · $14.7M · in their own filed words · FY2024
01

Basic program service activities including school and education programs for approximately 235 students in grades 5-9, and approximately 74 students in grades PK-4. This includes both day and boarding students.

$14.7Mprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · received and paid
Grants received · FY2024
See all 20 funders →
Grants paid · 1 grant · $2.1M · 2024–2024
Unitemized GrantFY2024$2,078,126

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$22.0M
Ln 12
Fees for servicesLn 2g$17.6M
Gifts and grantsLn 1h$3.8M
Investment incomeLn 3$636K
Money outPt IX
$20.0M
Ln 25
Programscol B$14.7M
Managementcol C$4.6M
Fundraisingcol D$698K
Owns and owesPt X
$37.8M
net assets · Ln 32
Cash and savingsLn 1–2$11.8M
Total assetsLn 16$63.6M
LiabilitiesLn 26$25.8M
PeoplePt VI, VII
28
listed · VII A
PaidVII A7
Voting boardVI 1a20
IndependentVI 1b20
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$3.8M
Noncash giftsLn 1g$88K
Fees for servicesLn 2g$17.6M
Investment incomeLn 3$636K
Gains on assetsLn 7$9K
Total revenueLn 12$22.0M
Assets in detailPt X, end of year
CashLn 1$5.7M
SavingsLn 2$6.1M
Cash and savings togetherLn 1–2$11.8M
InvestmentsLn 11–13$15.3M
Land, buildings, equipmentLn 10c$28.9M
Other assetsLn 15$167K
Total assetsLn 16$63.6M
LiabilitiesLn 26$25.8M
Net assetsLn 32$37.8M
OperationsPt I, VI
EmployeesI 5148
VolunteersI 621
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$12.3M$11.8M
InvestmentsLn 11–13$13.6M$15.3M
Land, buildings, equipmentLn 10c$21.6M$28.9M
Total assetsLn 16$52.7M$63.6M
LiabilitiesLn 26$18.6M$25.8M
Net assetsLn 32$34.1M$37.8M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$2.1M$2.1M
Grants and assistance to foreign recipientsLn 3$827K$827K
Pay of current officers, directors and key staffLn 5$784K$539K$209K$37K
Pay of disqualified personsLn 6$338K$232K$90K$16K
Other salaries and wagesLn 7$6.6M$4.6M$1.8M$316K
Pension plan contributionsLn 8$233K$184K$40K$8K
Other employee benefitsLn 9$2.3M$1.8M$415K$83K
Payroll taxesLn 10$560K$436K$103K$21K
Legal feesLn 11b$109K$109K
Accounting feesLn 11c$41K$41K
Investment management feesLn 11f$76K$76K
Other fees for servicesLn 11g$1.8M$1.4M$444K$14K
Advertising and promotionLn 12$15K$15K
Office expensesLn 13$998K$607K$353K$38K
Information technologyLn 14$189K$3K$185K
OccupancyLn 16$719K$659K$57K$4K
TravelLn 17$202K$73K$73K$57K
Conferences, conventions and meetingsLn 19$61K$36K$22K$2K
InterestLn 20$272K$272K
Depreciation, depletion and amortizationLn 22$1.1M$974K$81K$5K
InsuranceLn 23$248K$228K$19K$1K
Other expenses (24a–d)Ln 24$304K$34K$204K$66K
All other expensesLn 24e$136K$45K$62K$30K
Total functional expensesLn 25$20.0M$14.7M$4.6M$698K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $22.0M$20.0M$2.0M$37.8M 990 PDF
FY2024 $20.8M$18.6M$2.2M$34.1M 990 PDF
FY2023 $20.5M$16.6M$3.9M$30.8M 990 PDF
FY2022 $17.3M$15.4M$2.0M$25.8M 990 PDF
FY2021 $17.6M$13.3M$4.3M$25.5M 990 PDF
FY2020 $14.3M$12.4M$1.9M$19.2M 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 F · Foreign M · Noncash J · Pay O · Explanations
See the full FY2025 990 (6 parts)
Part I · Summary $21,991,104 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $2,814,489$3,786,122
I-9 Program service revenuePrior year $17,055,025$17,568,880
I-10 Investment incomePrior year $935,004$636,102
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $20,804,518$21,991,104
I-13 Grants and similar amounts paidPrior year $2,471,538$2,905,435
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $10,402,510$10,833,643
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $5,724,976$6,276,365
I-18 Total expensesPrior year $18,599,024$20,015,443
I-19 Revenue less expensesPrior year $2,205,494$1,975,661
Part VI · Governance 20 of 20 board members independent, no flags
VI-1a Voting members of the governing body20
VI-1b Independent voting members20
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $21,991,104 across 7 lines filed
VIII-1f All other contributions, gifts and grants$3,786,122
VIII-1g Noncash contributions (included above)$87,698
VIII-1h Total contributions, gifts and grants$3,786,122
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $17,568,880$17,568,880
VIII-3 Investment incomeExcluded from tax $627,138$627,138
VIII-7 Net gain or loss on sales of assetsExcluded from tax $8,964$8,964
VIII-12 Total revenueRelated to mission $17,568,880 · Unrelated business $0 · Excluded from tax $636,102$21,991,104
Part IX · Statement of functional expenses $20,015,443 across 23 lines filed
IX-2 Grants to domestic individualsPrograms $2,078,126$2,078,126
IX-3 Grants and assistance to foreign recipientsPrograms $827,309$827,309
IX-5 Pay of current officers, directors and key staffPrograms $538,531 · Management $208,530 · Fundraising $37,397$784,458
IX-6 Pay of disqualified personsPrograms $231,978 · Management $89,827 · Fundraising $16,109$337,914
IX-7 Other salaries and wagesPrograms $4,554,085 · Management $1,763,558 · Fundraising $316,250$6,633,893
IX-8 Pension plan contributionsPrograms $183,924 · Management $40,405 · Fundraising $8,246$232,575
IX-9 Other employee benefitsPrograms $1,786,558 · Management $415,255 · Fundraising $83,454$2,285,267
IX-10 Payroll taxesPrograms $435,567 · Management $103,318 · Fundraising $20,651$559,536
IX-11b Legal feesManagement $108,765$108,765
IX-11c Accounting feesManagement $41,200$41,200
IX-11f Investment management feesManagement $76,108$76,108
IX-11g Other fees for servicesPrograms $1,390,020 · Management $443,727 · Fundraising $13,672$1,847,419
IX-12 Advertising and promotionManagement $14,924$14,924
IX-13 Office expensesPrograms $606,853 · Management $353,402 · Fundraising $37,583$997,838
IX-14 Information technologyPrograms $3,479 · Management $185,223$188,702
IX-16 OccupancyPrograms $658,723 · Management $56,911 · Fundraising $3,585$719,219
IX-17 TravelPrograms $72,917 · Management $72,591 · Fundraising $56,657$202,165
IX-19 Conferences, conventions and meetingsPrograms $36,308 · Management $21,860 · Fundraising $2,459$60,627
IX-20 InterestManagement $271,502$271,502
IX-22 Depreciation, depletion and amortizationPrograms $973,817 · Management $80,533 · Fundraising $5,299$1,059,649
IX-23 InsurancePrograms $227,788 · Management $19,362 · Fundraising $1,219$248,369
IX-24 Other expenses (24a–d)Programs $33,806 · Management $203,983 · Fundraising $66,004$303,793
IX-24e All other expensesPrograms $44,657 · Management $61,877 · Fundraising $29,551$136,085
IX-25 Total functional expensesPrograms $14,684,446 · Management $4,632,861 · Fundraising $698,136$20,015,443
Part X · Balance sheet $63,582,852 assets, 20 lines filed
X-1 Cash, non-interest-bearingStart of year $2,985,368$5,711,651
X-2 Savings and temporary cash investmentsStart of year $9,360,572$6,128,250
X-3 Pledges and grants receivableStart of year $2,670,681$3,001,639
X-4 Accounts receivableStart of year $181,299$4,051,993
X-8 Inventories for sale or useStart of year $86,196$134,641
X-9 Prepaid expenses and deferred chargesStart of year $182,903$176,353
X-10c Land, buildings and equipment, netStart of year $21,576,365$28,875,372
X-11 Publicly traded securitiesStart of year $10,517,271$11,616,587
X-12 Other securitiesStart of year $3,053,994$3,719,706
X-15 Other assetsStart of year $2,077,127$166,660
X-16 Total assetsStart of year $52,691,776$63,582,852
X-17 Accounts payable and accrued expensesStart of year $1,573,818$2,209,805
X-19 Deferred revenueStart of year $4,821,039$11,957,521
X-20 Tax-exempt bond liabilitiesStart of year $10,635,537$10,371,514
X-25 Other liabilitiesStart of year $609,036$317,114
X-26 Total liabilitiesStart of year $18,586,713$25,752,883
X-27 Net assets without donor restrictionsStart of year $22,812,835$23,284,013
X-28 Net assets with donor restrictionsStart of year $11,292,228$14,545,956
X-32 Total net assets or fund balancesStart of year $34,105,063$37,829,969
X-33 Total liabilities and net assetsStart of year $52,691,776$63,582,852
Part XI · Reconciliation of net assets $37,829,969 net assets at year end
XI-1 Total revenue$21,991,104
XI-2 Total expenses$20,015,443
XI-3 Revenue less expenses$1,975,661
XI-4 Net assets at start of year$34,105,063
XI-5 Net unrealized gains (losses) on investments$1,749,245
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$37,829,969

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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