The Lab School FY2024 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, FY2024. 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.
$71K 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

FY2024 · 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
$71K
to officers and key staff · 18% of spending
Pay to officers and key staff is 18% of spending.
Part VII, Section A
5.5 mo
of spending, in cash
Plus $476K in investments, Pt X · Ln 11–13
5.5 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
$413K
+7% vs prior year
Spent
$392K
To programs
98%
Net assets
$662K
By yearFY2021–FY2025
Revenue
$413K
FY2024▲ +7%
Tap a bar for its year
Revenue by fiscal year
FY2021$449K
FY2022$415K
FY2023$385K
FY2024$413K
FY2025$410K
Expenses
$392K
FY2024▲ +3%
Tap a bar for its year
Expenses by fiscal year
FY2021$340K
FY2022$346K
FY2023$379K
FY2024$392K
FY2025$418K
Net assets
$662K
FY2024▲ +3%
Tap a bar for its year
Net assets by fiscal year
FY2021$566K
FY2022$635K
FY2023$641K
FY2024$662K
FY2025$654K

From the FY2024 Form 990 (year ending July 2024) · figures checked against the IRS filing · see the original

You’re viewing the FY2024 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% · $383K Management & general 2% · $8K

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; $71K paid to officers and key staff (Part VII, Section A).

Part VII, Section A · reportable compensation
Executive Director
$70,955Pt 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 · $383K · in their own filed words · FY2023
01

The organization operated a preschool which employed 15 teachers and 1 director serving 45 students.

Form 990 Part III, line 4, FY2023. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 20-0170771) · Dispute this line
$383Kprogram 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 FY2024 990, line by line.

1The main four
Money inPt VIII
$413K
Ln 12
Fees for servicesLn 2g$373K
Investment incomeLn 3$21K
Gifts and grantsLn 1h$19K
Money outPt IX
$392K
Ln 25
Programscol B$383K
Managementcol C$8K
Owns and owesPt X
$662K
net assets · Ln 32
Cash and savingsLn 1–2$181K
Total assetsLn 16$662K
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$19K
Fees for servicesLn 2g$373K
Investment incomeLn 3$21K
Other incomeLn 4–11$151
Gains on assetsLn 7$151
Total revenueLn 12$413K
Assets in detailPt X, end of year
CashLn 1$181K
Cash and savings togetherLn 1–2$181K
Land, buildings, equipmentLn 10c$6K
InvestmentsLn 11–13$476K
Total assetsLn 16$662K
LiabilitiesLn 26$0
Net assetsLn 32$662K
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 FY24End FY24
Cash and savingsLn 1–2$175K$181K
InvestmentsLn 11–13$460K$476K
Land, buildings, equipmentLn 10c$6K$6K
Total assetsLn 16$641K$662K
LiabilitiesLn 26$0$0
Net assetsLn 32$641K$662K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of officers and key staff (Part IX, line 5)Ln 5$71K$71K
Other salaries and wagesLn 7$201K$201K
Payroll taxesLn 10$21K$21K
Accounting feesLn 11c$4K$4K
Investment management feesLn 11f$5K$5K
Other fees for servicesLn 11g$3K$3K
Advertising and promotionLn 12$675$675
Office expensesLn 13$2K$2K
Information technologyLn 14$1K$1K
OccupancyLn 16$25K$25K
Depreciation, depletion and amortizationLn 22$348$348
InsuranceLn 23$9K$9K
Other expenses (24a–d)Ln 24$47K$47K
All other expensesLn 24e$3K$3K
Total functional expensesLn 25$392K$383K$8K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled with the IRS Feb 19, 2026 $410K$418K−$8K$654K 990 PDF
FY2024 ViewingFiled 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
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 FY2024 990
Part I · Summary $413,054 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $14,312$19,037
I-9 Program service revenuePrior year $361,192$372,900
I-10 Investment incomePrior year $9,597$21,117
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $385,101$413,054
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 $283,777$292,913
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $95,504$99,036
I-18 Total expensesPrior year $379,281$391,949
I-19 Revenue less expensesPrior year $5,820$21,105
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 $413,054 across 7 lines filed
VIII-1d Related organizations$9,312
VIII-1f All other contributions, gifts and grants$9,725
VIII-1h Total contributions, gifts and grants$19,037
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $372,900$372,900
VIII-3 Investment incomeExcluded from tax $20,966$20,966
VIII-7 Net gain or loss on sales of assetsExcluded from tax $151$151
VIII-12 Total revenueRelated to mission $372,900 · Unrelated business $0 · Excluded from tax $21,117$413,054
Part IX · Statement of functional expenses $391,949 across 14 lines filed
IX-5 Pay of officers and key staff (Part IX, line 5)Programs $70,955$70,955
IX-7 Other salaries and wagesPrograms $200,682$200,682
IX-10 Payroll taxesPrograms $21,276$21,276
IX-11c Accounting feesManagement $3,800$3,800
IX-11f Investment management feesManagement $4,664$4,664
IX-11g Other fees for servicesPrograms $2,974$2,974
IX-12 Advertising and promotionPrograms $675$675
IX-13 Office expensesPrograms $1,897$1,897
IX-14 Information technologyPrograms $1,227$1,227
IX-16 OccupancyPrograms $24,869$24,869
IX-22 Depreciation, depletion and amortizationPrograms $348$348
IX-23 InsurancePrograms $8,860$8,860
IX-24 Other expenses (24a–d)Programs $46,858$46,858
IX-24e All other expensesPrograms $2,864$2,864
IX-25 Total functional expensesPrograms $383,485 · Management $8,464 · Fundraising $0$391,949
Part X · Balance sheet $662,203 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $175,495$180,505
X-10c Land, buildings and equipment, netStart of year $6,001$5,653
X-11 Publicly traded securitiesStart of year $459,602$476,045
X-16 Total assetsStart of year $641,098$662,203
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 $641,098$662,203
X-32 Total net assets or fund balancesStart of year $641,098$662,203
X-33 Total liabilities and net assetsStart of year $641,098$662,203
Part XI · Reconciliation of net assets $662,203 net assets at year end
XI-1 Total revenue$413,054
XI-2 Total expenses$391,949
XI-3 Revenue less expenses$21,105
XI-4 Net assets at start of year$641,098
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$662,203

Form 990 e-file FY2024 from the IRS (about our sources) · Classification, formation year and address from the IRS Business Master File

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