The Lab School FY2023 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, FY2023. 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.
$68K 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

FY2023 · 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
$68K
to officers and key staff · 18% of spending
Pay to officers and key staff is 18% of spending.
Part VII, Section A
5.6 mo
of spending, in cash
Plus $460K in investments, Pt X · Ln 11–13
5.6 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
6
of 6 voting members
6 of 6 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$385K
-7% vs prior year
Spent
$379K
To programs
98%
Net assets
$641K
By yearFY2021–FY2025
Revenue
$385K
FY2023▼ -7%
Tap a bar for its year
Revenue by fiscal year
FY2021$449K
FY2022$415K
FY2023$385K
FY2024$413K
FY2025$410K
Expenses
$379K
FY2023▲ +10%
Tap a bar for its year
Expenses by fiscal year
FY2021$340K
FY2022$346K
FY2023$379K
FY2024$392K
FY2025$418K
Net assets
$641K
FY2023▲ +0.9%
Tap a bar for its year
Net assets by fiscal year
FY2021$566K
FY2022$635K
FY2023$641K
FY2024$662K
FY2025$654K

From the FY2023 Form 990 (year ending July 2023) · see the original

You’re viewing the FY2023 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% · $373K 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

7 people listed on the 990; $68K paid to officers and key staff (Part VII, Section A).

Part VII, Section A · reportable compensation
Executive Director
$67,940Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$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.

Questions for The Lab School

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1 program · $373K · in their own filed words · FY2022
01

The organization operated a preschool which employed 14 teachers and 1 director serving 54 students.

Form 990 Part III, line 4, FY2022. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 20-0170771) · Dispute this line
$373Kprogram 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 FY2023 990, line by line.

1The main four
Money inPt VIII
$385K
Ln 12
Fees for servicesLn 2g$361K
Gifts and grantsLn 1h$14K
Investment incomeLn 3$14K
Money outPt IX
$379K
Ln 25
Programscol B$373K
Managementcol C$6K
Owns and owesPt X
$641K
net assets · Ln 32
Cash and savingsLn 1–2$175K
Total assetsLn 16$641K
LiabilitiesLn 26$0
PeoplePt VI, VII
7
listed · VII A
PaidVII A1
Voting boardVI 1a6
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$14K
Fees for servicesLn 2g$361K
Investment incomeLn 3$14K
Gains on assetsLn 7−$4K
Total revenueLn 12$385K
Assets in detailPt X, end of year
CashLn 1$175K
Cash and savings togetherLn 1–2$175K
Land, buildings, equipmentLn 10c$6K
InvestmentsLn 11–13$460K
Total assetsLn 16$641K
LiabilitiesLn 26$0
Net assetsLn 32$641K
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 FY23End FY23
Cash and savingsLn 1–2$329K$175K
InvestmentsLn 11–13$303K$460K
Land, buildings, equipmentLn 10c$3K$6K
Total assetsLn 16$635K$641K
LiabilitiesLn 26$0$0
Net assetsLn 32$635K$641K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of officers and key staff (Part IX, line 5)Ln 5$68K$68K
Other salaries and wagesLn 7$195K$195K
Payroll taxesLn 10$21K$21K
Accounting feesLn 11c$3K$3K
Investment management feesLn 11f$3K$3K
Other fees for servicesLn 11g$3K$3K
Advertising and promotionLn 12$630$630
Office expensesLn 13$2K$2K
Information technologyLn 14$855$855
OccupancyLn 16$23K$23K
Depreciation, depletion and amortizationLn 22$244$244
InsuranceLn 23$10K$10K
Other expenses (24a–d)Ln 24$47K$47K
All other expensesLn 24e$3K$3K
Total functional expensesLn 25$379K$373K$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
FY2023 ViewingFiled 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
FY2021Filed 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 FY2023 990
Part I · Summary $385,101 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $15,495$14,312
I-9 Program service revenuePrior year $384,616$361,192
I-10 Investment incomePrior year $15,217$9,597
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $415,328$385,101
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 $257,362$283,777
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $88,648$95,504
I-18 Total expensesPrior year $346,010$379,281
I-19 Revenue less expensesPrior year $69,318$5,820
Part VI · Governance 6 of 6 board members independent, 4 to look at
VI-1a Voting members of the governing body6
VI-1b Independent voting members6
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 $385,101 across 7 lines filed
VIII-1d Related organizations$8,651
VIII-1f All other contributions, gifts and grants$5,661
VIII-1h Total contributions, gifts and grants$14,312
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $361,192$361,192
VIII-3 Investment incomeExcluded from tax $13,994$13,994
VIII-7 Net gain or loss on sales of assetsExcluded from tax −$4,397−$4,397
VIII-12 Total revenueRelated to mission $361,192 · Unrelated business $0 · Excluded from tax $9,597$385,101
Part IX · Statement of functional expenses $379,281 across 14 lines filed
IX-5 Pay of officers and key staff (Part IX, line 5)Programs $67,940$67,940
IX-7 Other salaries and wagesPrograms $194,819$194,819
IX-10 Payroll taxesPrograms $21,018$21,018
IX-11c Accounting feesManagement $3,000$3,000
IX-11f Investment management feesManagement $3,079$3,079
IX-11g Other fees for servicesPrograms $2,805$2,805
IX-12 Advertising and promotionPrograms $630$630
IX-13 Office expensesPrograms $2,023$2,023
IX-14 Information technologyPrograms $855$855
IX-16 OccupancyPrograms $23,461$23,461
IX-22 Depreciation, depletion and amortizationPrograms $244$244
IX-23 InsurancePrograms $9,809$9,809
IX-24 Other expenses (24a–d)Programs $46,682$46,682
IX-24e All other expensesPrograms $2,916$2,916
IX-25 Total functional expensesPrograms $373,202 · Management $6,079 · Fundraising $0$379,281
Part X · Balance sheet $641,098 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $329,058$175,495
X-10c Land, buildings and equipment, netStart of year $3,125$6,001
X-11 Publicly traded securitiesStart of year $303,095$459,602
X-16 Total assetsStart of year $635,278$641,098
X-26 Total liabilitiesStart of year $0$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 $635,278$641,098
X-32 Total net assets or fund balancesStart of year $635,278$641,098
X-33 Total liabilities and net assetsStart of year $635,278$641,098
Part XI · Reconciliation of net assets $641,098 net assets at year end
XI-1 Total revenue$385,101
XI-2 Total expenses$379,281
XI-3 Revenue less expenses$5,820
XI-4 Net assets at start of year$635,278
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$641,098

Form 990 e-file FY2023 from the IRS (about our sources) · Classification, formation year and address from the IRS Business Master File

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