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Milestone School INC FY2020 filing

Mt Vernon, NYUnknown exempt organization EIN 13-3044653Revenue $477K in FY2020

On file with the IRS70 West Broad Street · Mt Vernon, NY

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School providing educational services and training

83¢ of each $1 spent went to programs.
$18K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Programs: Part IX · Pay: Part VII

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FY2020 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2021
latest Form 990
Concern: the latest return is for FY2021, 5 tax years back; more than 4 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 2
filings with a surplus
Average deficit $53K a year · 22% of revenue · last 2 filings
Worth a look: a surplus in 1 of the last 2 filings.
Pt I · Ln 19 · 2 filings
Spent on programs
83%
of spending
Looks good: 83% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$18K
to officers and key staff · 3% of spending
Looks good: pay to officers and key staff is 3% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
<1 mo
of spending, in cash
Concern: 0.1 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $70
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$203K
152% of total assets
Concern: liabilities are 152% of assets; over 80%.
Pt X · Ln 26
Independent board members
1
of 2 voting members
Fine: 1 of 2 voting members are independent, half.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$477K
Spent
$583K
To programs
83%
Net assets
−$70K
By yearFY2020–FY2021
Revenue
$477K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$477K
FY2021$0
Expenses
$583K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$583K
FY2021$0
Net assets
−$70K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020−$70K
FY2021$0

From the FY2020 Form 990 · see the original

990 PDF Claim
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2021) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2021.

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

Where the money goes

83 cents of each dollar spent went to programs.

Program services 83% · $484K Management & general 17% · $99K

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

2 people listed on the 990; $18K paid to officers and key staff.

Part VII, Section A · reportable compensation
$17,500Pt VII · Sec A
$0Pt VII · Sec A
See Milestone School INC 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

Provides educational services and training to students.

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Provided by the organization

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1 program · in their own filed words · FY2020
01

All revenue and expenses attributable to the running of the school

Pt IX · col B

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 · FY2020
Amazonsmile FoundationFY2020$70
Total grants receivedfrom 1 funder$70

By the numbers

The FY2020 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$477K
Ln 12
Fees for servicesLn 2g$477K
Investment incomeLn 3$8
Money outPt IX
$583K
Ln 25
Programscol B$484K
Managementcol C$99K
Owns and owesPt X
−$70K
net assets · Ln 32
Cash and savingsLn 1–2$5K
Total assetsLn 16$134K
LiabilitiesLn 26$203K
PeoplePt VI, VII
2
listed · VII A
PaidVII A1
Voting boardVI 1a2
IndependentVI 1b1
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$477K
Investment incomeLn 3$8
Total revenueLn 12$477K
Assets in detailPt X, end of year
CashLn 1$5K
Cash and savings togetherLn 1–2$5K
Land, buildings, equipmentLn 10c$98K
Total assetsLn 16$134K
LiabilitiesLn 26$203K
Net assetsLn 32−$70K
OperationsPt I, VI
EmployeesI 522
Fiscal year endsHeaderDecember
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 FY20End FY20
Cash and savingsLn 1–2$69K$5K
Land, buildings, equipmentLn 10c$102K$98K
Total assetsLn 16$201K$134K
LiabilitiesLn 26$165K$203K
Net assetsLn 32$36K−$70K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$281K$281K
Payroll taxesLn 10$22K$22K
Accounting feesLn 11c$5K$5K
OccupancyLn 16$67K$67K
Depreciation, depletion and amortizationLn 22$4K$4K
Other expenses (24a–d)Ln 24$163K$102K$62K
All other expensesLn 24e$41K$4K$37K
Total functional expensesLn 25$583K$484K$99K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2021 Latest $0$0$0$0 990 PDF
FY2020 Viewing $477K$583K−$106K−$70K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants O · Explanations
See the full FY2020 990 (6 parts)
Part I · Summary $477,444 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenuePrior year $1,360,916$477,436
I-10 Investment incomePrior year $16$8
I-11 Other revenue$0
I-12 Total revenuePrior year $1,360,932$477,444
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $620,070$302,739
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $711,081$280,285
I-18 Total expensesPrior year $1,331,151$583,024
I-19 Revenue less expensesPrior year $29,781−$105,580
Part VI · Governance 1 of 2 board members independent, 4 to look at
VI-1a Voting members of the governing body2
VI-1b Independent voting members1
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 $477,444 across 3 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $477,436$477,436
VIII-3 Investment incomeRelated to mission $8$8
VIII-12 Total revenueRelated to mission $477,444$477,444
Part IX · Statement of functional expenses $583,024 across 7 lines filed
IX-7 Other salaries and wagesPrograms $280,925$280,925
IX-10 Payroll taxesPrograms $21,814$21,814
IX-11c Accounting feesPrograms $5,460$5,460
IX-16 OccupancyPrograms $66,504$66,504
IX-22 Depreciation, depletion and amortizationPrograms $4,130$4,130
IX-24 Other expenses (24a–d)Programs $101,650 · Management $61,817$163,467
IX-24e All other expensesPrograms $3,661 · Management $37,063$40,724
IX-25 Total functional expensesPrograms $484,144 · Management $98,880 · Fundraising $0$583,024
Part X · Balance sheet $133,633 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $68,581$5,284
X-9 Prepaid expenses and deferred chargesStart of year $30,217$30,217
X-10c Land, buildings and equipment, netStart of year $102,263$98,132
X-16 Total assetsStart of year $201,061$133,633
X-24 Unsecured notes and loans payableStart of year $148,119$159,298
X-25 Other liabilitiesStart of year $17,201$44,174
X-26 Total liabilitiesStart of year $165,320$203,472
X-27 Net assets without donor restrictionsStart of year $35,741−$69,839
X-32 Total net assets or fund balancesStart of year $35,741−$69,839
X-33 Total liabilities and net assetsStart of year $201,061$133,633
Part XI · Reconciliation of net assets −$69,839 net assets at year end
XI-1 Total revenue$477,444
XI-2 Total expenses$583,024
XI-3 Revenue less expenses−$105,580
XI-4 Net assets at start of year$35,741
XI-10 Net assets at end of year−$69,839

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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