The Lab School FY2021 filing

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The organization was formed for the purpose of operating a not-for-profit preschool.

Form 990 Part I, line 1, FY2021. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 20-0170771) · Dispute this line
501(c)(3) charity; gifts are tax-deductible.
98¢ of each $1 spent went to programs.
$55K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
The IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
The latest return is for FY2025, 1 tax year back.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $39K a year · 10% of revenue · last 5 filings
A surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
98%
of spending
98% of spending went to programs.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$55K
to officers and key staff · 16% of spending
Pay to officers and key staff is 16% of spending.
Part VII, Section A
9.6 mo
of spending, in cash
Plus $291K in investments, Pt X · Ln 11–13
9.6 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $1K
1 funder names it on their filings.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Liabilities are 0% of assets.
Pt X · Ln 26
Independent board members
9
of 9 voting members
9 of 9 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$449K
Spent
$340K
To programs
98%
Net assets
$566K
By yearFY2021–FY2025
Revenue
$449K
FY2021
Tap a bar for its year
Revenue by fiscal year
FY2021$449K
FY2022$415K
FY2023$385K
FY2024$413K
FY2025$410K
Expenses
$340K
FY2021
Tap a bar for its year
Expenses by fiscal year
FY2021$340K
FY2022$346K
FY2023$379K
FY2024$392K
FY2025$418K
Net assets
$566K
FY2021
Tap a bar for its year
Net assets by fiscal year
FY2021$566K
FY2022$635K
FY2023$641K
FY2024$662K
FY2025$654K

From the FY2021 Form 990 (year ending July 2021) · see the original

You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Sep 2006.

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

Where the money goes

98 cents of each dollar spent went to programs.

Program services 98% · $334K Management & general 2% · $6K

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

10 people listed on the 990; $55K paid to officers and key staff (Part VII, Section A).

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
Executive Director
$54,519Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Teri Stark’s $74K as Executive Director is at the 66th percentile of top reported officer pay among 1612 $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 · 1 named individual · Part VII

NameFY2025FY2024FY2023FY2022FY2021
Teri Stark$74,220$70,955$67,940$63,552$54,519

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 The Lab School executive salaries →

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

Operates a not-for-profit preschool.

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1 program · $334K · in their own filed words · FY2020
01

The organization operated a preschool which employed 11 teachers and served 55 students.

Form 990 Part III, line 4, FY2020. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 20-0170771) · Dispute this line
$334Kprogram expense

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 · FY2025
Total grants receivedfrom 1 funder$1K

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$449K
Ln 12
Fees for servicesLn 2g$332K
Gifts and grantsLn 1h$104K
Investment incomeLn 3$13K
Money outPt IX
$340K
Ln 25
Programscol B$334K
Managementcol C$6K
Owns and owesPt X
$566K
net assets · Ln 32
Cash and savingsLn 1–2$272K
Total assetsLn 16$566K
LiabilitiesLn 26$0
PeoplePt VI, VII
10
listed · VII A
PaidVII A1
Voting boardVI 1a9
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$104K
Government grantsLn 1e$92K
Fees for servicesLn 2g$332K
Investment incomeLn 3$13K
Gains on assetsLn 7$74
Total revenueLn 12$449K
Assets in detailPt X, end of year
CashLn 1$272K
SavingsLn 2$14
Cash and savings togetherLn 1–2$272K
Land, buildings, equipmentLn 10c$3K
InvestmentsLn 11–13$291K
Total assetsLn 16$566K
LiabilitiesLn 26$0
Net assetsLn 32$566K
OperationsPt I, VI
EmployeesI 521
VolunteersI 625
Fiscal year endsHeaderJuly
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 FY21End FY21
Cash and savingsLn 1–2$226K$272K
InvestmentsLn 11–13$280K$291K
Land, buildings, equipmentLn 10c$3K$3K
Total assetsLn 16$509K$566K
LiabilitiesLn 26$53K$0
Net assetsLn 32$457K$566K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of officers and key staff (Part IX, line 5)Ln 5$55K$55K
Other salaries and wagesLn 7$180K$180K
Payroll taxesLn 10$15K$15K
Legal feesLn 11b$1K$1K
Accounting feesLn 11c$2K$2K
Investment management feesLn 11f$3K$3K
Other fees for servicesLn 11g$2K$2K
Advertising and promotionLn 12$2K$2K
Office expensesLn 13$1K$1K
Information technologyLn 14$834$834
OccupancyLn 16$22K$22K
Depreciation, depletion and amortizationLn 22$140$140
InsuranceLn 23$8K$8K
Other expenses (24a–d)Ln 24$44K$44K
All other expensesLn 24e$4K$4K
Total functional expensesLn 25$340K$334K$6K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled with the IRS Feb 19, 2026 $410K$418K−$8K$654K 990 PDF
FY2024Filed with the IRS Feb 4, 2025 $413K$392K$21K$662K 990 PDF
FY2023Filed with the IRS Mar 18, 2024 $385K$379K$6K$641K 990 PDF
FY2022Filed with the IRS Jan 26, 2023 $415K$346K$69K$635K 990 PDF
FY2021 ViewingFiled with the IRS Feb 16, 2022 $449K$340K$109K$566K 990 PDF

Schedules filed Part IV

A · Public support I · Grants O · Explanations
See the full FY2021 990
Part I · Summary $448,849 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $32,885$103,629
I-9 Program service revenuePrior year $263,065$332,020
I-10 Investment incomePrior year $7,874$13,200
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $303,824$448,849
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $221,628$249,904
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $64,903$89,760
I-18 Total expensesPrior year $286,531$339,664
I-19 Revenue less expensesPrior year $17,293$109,185
Part VI · Governance 9 of 9 board members independent, 4 to look at
VI-1a Voting members of the governing body9
VI-1b Independent voting members9
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 $448,849 across 8 lines filed
VIII-1d Related organizations$8,218
VIII-1e Government grants$91,650
VIII-1f All other contributions, gifts and grants$3,761
VIII-1h Total contributions, gifts and grants$103,629
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $332,020$332,020
VIII-3 Investment incomeExcluded from tax $13,126$13,126
VIII-7 Net gain or loss on sales of assetsExcluded from tax $74$74
VIII-12 Total revenueRelated to mission $332,020 · Unrelated business $0 · Excluded from tax $13,200$448,849
Part IX · Statement of functional expenses $339,664 across 15 lines filed
IX-5 Pay of officers and key staff (Part IX, line 5)Programs $54,519$54,519
IX-7 Other salaries and wagesPrograms $180,290$180,290
IX-10 Payroll taxesPrograms $15,095$15,095
IX-11b Legal feesManagement $1,440$1,440
IX-11c Accounting feesManagement $2,000$2,000
IX-11f Investment management feesManagement $2,620$2,620
IX-11g Other fees for servicesPrograms $2,159$2,159
IX-12 Advertising and promotionPrograms $1,528$1,528
IX-13 Office expensesPrograms $1,335$1,335
IX-14 Information technologyPrograms $834$834
IX-16 OccupancyPrograms $21,868$21,868
IX-22 Depreciation, depletion and amortizationPrograms $140$140
IX-23 InsurancePrograms $8,070$8,070
IX-24 Other expenses (24a–d)Programs $44,128$44,128
IX-24e All other expensesPrograms $3,638$3,638
IX-25 Total functional expensesPrograms $333,604 · Management $6,060 · Fundraising $0$339,664
Part X · Balance sheet $565,960 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $225,742$271,901
X-2 Savings and temporary cash investmentsStart of year $287$14
X-10c Land, buildings and equipment, netStart of year $3,405$3,265
X-11 Publicly traded securitiesStart of year $279,941$290,780
X-16 Total assetsStart of year $509,375$565,960
X-26 Total liabilitiesStart of year $52,600$0
X-29 Capital stock or trust principalStart of year $0$0
X-30 Paid-in or capital surplusStart of year $0$0
X-31 Retained earnings or endowmentStart of year $456,775$565,960
X-32 Total net assets or fund balancesStart of year $456,775$565,960
X-33 Total liabilities and net assetsStart of year $509,375$565,960
Part XI · Reconciliation of net assets $565,960 net assets at year end
XI-1 Total revenue$448,849
XI-2 Total expenses$339,664
XI-3 Revenue less expenses$109,185
XI-4 Net assets at start of year$456,775
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$565,960

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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