Cab Calloway School Fund FY2023 filing

Tax-deductible

Wilmington, DE501(c)(3)EducationEIN 20-0581573Revenue $354K in FY2023

On file with the IRScabcallowayschoolfund.orgPo Box 4642, 19807-4642 · Wilmington, DETax-exempt since Oct 2004Publicly supported charity — 170(b)(1)(A)(vi)

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The Cab Calloway School Fund supports Cab Calloway School of the arts and smartsummer by providing financial and other assistance to programs, students, and the community at large who have been identified as needing support for arts and/or academic training.

501(c)(3) charity; gifts are tax-deductible.
91¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

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FY2023 · 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
5 of 6
filings with a surplus
Average surplus $28K a year · 7% of revenue · last 6 filings
Fine: a surplus in 5 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
91%
of spending
Looks good: 91% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
6 mo
of spending, in cash
Looks good: 6.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $14K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$13K
4% of total assets
Looks good: liabilities are 4% of assets; 50% or less.
Pt X · Ln 26
Independent board members
15
of 15 voting members
Looks good: 15 of 15 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$354K
-10% vs prior year
Spent
$397K
To programs
91%
Net assets
$293K
By yearFY2020–FY2025
Revenue
$354K
FY2023▼ -10%
Tap a bar for its year
Revenue by fiscal year
FY2020$196K
FY2021$368K
FY2022$393K
FY2023$354K
FY2024$588K
FY2025$531K
Expenses
$397K
FY2023▲ +15%
Tap a bar for its year
Expenses by fiscal year
FY2020$175K
FY2021$274K
FY2022$345K
FY2023$397K
FY2024$554K
FY2025$517K
Net assets
$293K
FY2023▼ -13%
Tap a bar for its year
Net assets by fiscal year
FY2020$194K
FY2021$288K
FY2022$336K
FY2023$293K
FY2024$326K
FY2025$340K

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

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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 Oct 2004.

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

Where the money goes

91 cents of each dollar spent went to programs.

Program services 91% · $362K Management & general 5% · $20K Fundraising 4% · $15K

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

15 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
Board Member/Chair of the
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Nan Stidham’s $73K as Executive Director is at the 65th percentile of top reported officer pay among 1613 $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.

See Cab Calloway School Fund 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

Supports arts and academic training for students and the community.

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Provided by the organization

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3 programs · $134K · in their own filed words · FY2022
01

The cab calloway school fund supplements the cab calloway school of the arts annual operating budget by providing additional funds for improving or expanding identified areas which include but are not limitied to money for supplies, equipment, improvement, repair, or staffing.

$125Kprogram expense
02

The cab calloway school fund provides financial AID/SCHOLARSHIPS to students for arts and academic instruction that the school cannot provide.

$9Kprogram expense
03

The cab calloway school fund provides the cab calloway school of the arts with funds for major capital expenses that are specifically needed as an arts and academic training institution, and that the public school system cannot handle without extra funds.

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 · FY2024
Total grants receivedfrom 2 funders$14K

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$354K
Ln 12
Fees for servicesLn 2g$199K
Gifts and grantsLn 1h$142K
Investment incomeLn 3$12K
Money outPt IX
$397K
Ln 25
Programscol B$362K
Managementcol C$20K
Fundraisingcol D$15K
Owns and owesPt X
$293K
net assets · Ln 32
Cash and savingsLn 1–2$199K
Total assetsLn 16$306K
LiabilitiesLn 26$13K
PeoplePt VI, VII
15
listed · VII A
PaidVII A0
Voting boardVI 1a15
IndependentVI 1b15
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$142K
Government grantsLn 1e$14K
Fees for servicesLn 2g$199K
Investment incomeLn 3$12K
Gains on assetsLn 7$10K
Total revenueLn 12$354K
Assets in detailPt X, end of year
SavingsLn 2$199K
Cash and savings togetherLn 1–2$199K
InvestmentsLn 11–13$93K
Land, buildings, equipmentLn 10c$10K
Total assetsLn 16$306K
LiabilitiesLn 26$13K
Net assetsLn 32$293K
OperationsPt I, VI
EmployeesI 52
VolunteersI 613
Fiscal year endsHeaderSeptember
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 FY23End FY23
Cash and savingsLn 1–2$234K$199K
InvestmentsLn 11–13$85K$93K
Land, buildings, equipmentLn 10c$13K$10K
Total assetsLn 16$336K$306K
LiabilitiesLn 26$0$13K
Net assetsLn 32$336K$293K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$62K$62K
Other salaries and wagesLn 7$141K$141K
Payroll taxesLn 10$16K$16K
Accounting feesLn 11c$12K$12K
Professional fundraising feesLn 11e$800$800
Investment management feesLn 11f$1K$1K
Other fees for servicesLn 11g$22K$20K$2K
Advertising and promotionLn 12$3K$3K
Office expensesLn 13$434$350$84
Depreciation, depletion and amortizationLn 22$3K$3K
InsuranceLn 23$9K$8K$1K
Other expenses (24a–d)Ln 24$87K$83K$2K$2K
All other expensesLn 24e$39K$26K$2K$11K
Total functional expensesLn 25$397K$362K$20K$15K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $531K$517K$14K$340K 990 PDF
FY2024 $588K$554K$33K$326K 990 PDF
FY2023 Viewing $354K$397K−$44K$293K 990 PDF
FY2022 $393K$345K$48K$336K 990 PDF
FY2021 $368K$274K$94K$288K 990 PDF
FY2020 $196K$175K$21K$194K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2023 990 (6 parts)
Part I · Summary $353,566 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $218,842$142,171
I-9 Program service revenuePrior year $190,014$199,394
I-10 Investment incomePrior year −$16,241$12,001
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $392,615$353,566
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 $210,611$219,208
I-16a Professional fundraising feesPrior year $1,250$800
I-17 Other expensesPrior year $132,989$177,152
I-18 Total expensesPrior year $344,850$397,160
I-19 Revenue less expensesPrior year $47,765−$43,594
Part VI · Governance 15 of 15 board members independent, 1 to look at
VI-1a Voting members of the governing body15
VI-1b Independent voting members15
VI-15a Process for setting top official's payNo
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
Part VIII · Statement of revenue $353,566 across 7 lines filed
VIII-1e Government grants$14,000
VIII-1f All other contributions, gifts and grants$128,171
VIII-1h Total contributions, gifts and grants$142,171
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $199,394$199,394
VIII-3 Investment incomeExcluded from tax $2,485$2,485
VIII-7 Net gain or loss on sales of assetsExcluded from tax $9,516$9,516
VIII-12 Total revenueRelated to mission $199,394 · Unrelated business $0 · Excluded from tax $12,001$353,566
Part IX · Statement of functional expenses $397,160 across 13 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $62,481$62,481
IX-7 Other salaries and wagesPrograms $140,842$140,842
IX-10 Payroll taxesPrograms $15,885$15,885
IX-11c Accounting feesManagement $11,939$11,939
IX-11e Professional fundraising feesFundraising $800$800
IX-11f Investment management feesManagement $1,316$1,316
IX-11g Other fees for servicesPrograms $20,006 · Management $2,325$22,331
IX-12 Advertising and promotionPrograms $2,750$2,750
IX-13 Office expensesPrograms $350 · Management $84$434
IX-22 Depreciation, depletion and amortizationPrograms $2,760$2,760
IX-23 InsurancePrograms $7,653 · Management $1,222$8,875
IX-24 Other expenses (24a–d)Programs $83,068 · Management $1,876 · Fundraising $2,439$87,383
IX-24e All other expensesPrograms $26,391 · Management $1,592 · Fundraising $11,381$39,364
IX-25 Total functional expensesPrograms $362,186 · Management $20,354 · Fundraising $14,620$397,160
Part X · Balance sheet $306,073 assets, 11 lines filed
X-2 Savings and temporary cash investmentsStart of year $234,187$198,695
X-9 Prepaid expenses and deferred chargesStart of year $3,953$4,214
X-10c Land, buildings and equipment, netStart of year $13,008$10,248
X-13 Program-related investmentsStart of year $85,085$92,916
X-16 Total assetsStart of year $336,233$306,073
X-17 Accounts payable and accrued expenses$13,434
X-26 Total liabilitiesStart of year $0$13,434
X-27 Net assets without donor restrictionsStart of year $190,844$165,307
X-28 Net assets with donor restrictionsStart of year $145,389$127,332
X-32 Total net assets or fund balancesStart of year $336,233$292,639
X-33 Total liabilities and net assetsStart of year $336,233$306,073
Part XI · Reconciliation of net assets $292,639 net assets at year end
XI-1 Total revenue$353,566
XI-2 Total expenses$397,160
XI-3 Revenue less expenses−$43,594
XI-4 Net assets at start of year$336,233
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$292,639

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

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