Cab Calloway School Fund FY2024 filing

Tax-deductible

Wilmington, DE501(c)(3)EducationEIN 20-0581573Revenue $588K in FY2024

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.
95¢ of each $1 spent went to programs.
$73K 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
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
95%
of spending
Looks good: 95% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$73K
to officers and key staff · 13% of spending
Looks good: pay to officers and key staff is 13% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
5 mo
of spending, in cash
Looks good: 4.7 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
$21K
6% of total assets
Looks good: liabilities are 6% of assets; 50% or less.
Pt X · Ln 26
Independent board members
17
of 17 voting members
Looks good: 17 of 17 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$588K
+66% vs prior year
Spent
$554K
To programs
95%
Net assets
$326K
By yearFY2020–FY2025
Revenue
$588K
FY2024▲ +66%
Tap a bar for its year
Revenue by fiscal year
FY2020$196K
FY2021$368K
FY2022$393K
FY2023$354K
FY2024$588K
FY2025$531K
Expenses
$554K
FY2024▲ +40%
Tap a bar for its year
Expenses by fiscal year
FY2020$175K
FY2021$274K
FY2022$345K
FY2023$397K
FY2024$554K
FY2025$517K
Net assets
$326K
FY2024▲ +11%
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 FY2024 Form 990 (year ending September 2024) · see the original

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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 Oct 2004.

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

Where the money goes

95 cents of each dollar spent went to programs.

Program services 95% · $524K Management & general 5% · $29K Fundraising 0% · $1K

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

17 people listed on the 990; $73K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
Executive Director
$72,633Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Board Secretary
$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
$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.

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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 · $294K · in their own filed words · FY2023
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.

$283Kprogram expense
02

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

$11Kprogram 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 FY2024 990, line by line.

1The main four
Money inPt VIII
$588K
Ln 12
Gifts and grantsLn 1h$328K
Fees for servicesLn 2g$239K
Investment incomeLn 3$21K
Money outPt IX
$554K
Ln 25
Programscol B$524K
Managementcol C$29K
Fundraisingcol D$1K
Owns and owesPt X
$326K
net assets · Ln 32
Cash and savingsLn 1–2$219K
Total assetsLn 16$347K
LiabilitiesLn 26$21K
PeoplePt VI, VII
17
listed · VII A
PaidVII A1
Voting boardVI 1a17
IndependentVI 1b17
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$328K
Government grantsLn 1e$9K
Fees for servicesLn 2g$239K
Investment incomeLn 3$21K
Gains on assetsLn 7$18K
Total revenueLn 12$588K
Assets in detailPt X, end of year
SavingsLn 2$219K
Cash and savings togetherLn 1–2$219K
InvestmentsLn 11–13$110K
Land, buildings, equipmentLn 10c$8K
Total assetsLn 16$347K
LiabilitiesLn 26$21K
Net assetsLn 32$326K
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 FY24End FY24
Cash and savingsLn 1–2$199K$219K
InvestmentsLn 11–13$93K$110K
Land, buildings, equipmentLn 10c$10K$8K
Total assetsLn 16$306K$347K
LiabilitiesLn 26$13K$21K
Net assetsLn 32$293K$326K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$74K$74K
Other salaries and wagesLn 7$205K$205K
Payroll taxesLn 10$22K$22K
Accounting feesLn 11c$12K$12K
Investment management feesLn 11f$1K$1K
Other fees for servicesLn 11g$32K$23K$9K
Advertising and promotionLn 12$11K$11K
Office expensesLn 13$2K$2K
TravelLn 17$28K$28K
Depreciation, depletion and amortizationLn 22$3K$3K
InsuranceLn 23$10K$5K$5K
Other expenses (24a–d)Ln 24$132K$132K$288
All other expensesLn 24e$24K$21K$2K$774
Total functional expensesLn 25$554K$524K$29K$1K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $531K$517K$14K$340K 990 PDF
FY2024 Viewing $588K$554K$33K$326K 990 PDF
FY2023 $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 FY2024 990 (6 parts)
Part I · Summary $587,604 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $142,171$328,131
I-9 Program service revenuePrior year $199,394$238,592
I-10 Investment incomePrior year $12,001$20,881
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $353,566$587,604
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 $219,208$300,585
I-16a Professional fundraising feesPrior year $800$0
I-17 Other expensesPrior year $177,152$253,887
I-18 Total expensesPrior year $397,160$554,472
I-19 Revenue less expensesPrior year −$43,594$33,132
Part VI · Governance 17 of 17 board members independent, 1 to look at
VI-1a Voting members of the governing body17
VI-1b Independent voting members17
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 $587,604 across 7 lines filed
VIII-1e Government grants$9,000
VIII-1f All other contributions, gifts and grants$319,131
VIII-1h Total contributions, gifts and grants$328,131
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $238,592$238,592
VIII-3 Investment incomeExcluded from tax $2,463$2,463
VIII-7 Net gain or loss on sales of assetsExcluded from tax $18,418$18,418
VIII-12 Total revenueRelated to mission $238,592 · Unrelated business $0 · Excluded from tax $20,881$587,604
Part IX · Statement of functional expenses $554,472 across 13 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $73,800$73,800
IX-7 Other salaries and wagesPrograms $204,716$204,716
IX-10 Payroll taxesPrograms $22,069$22,069
IX-11c Accounting feesManagement $11,705$11,705
IX-11f Investment management feesManagement $1,396$1,396
IX-11g Other fees for servicesPrograms $22,807 · Management $9,000$31,807
IX-12 Advertising and promotionPrograms $10,848$10,848
IX-13 Office expensesPrograms $1,707$1,707
IX-17 TravelPrograms $27,807$27,807
IX-22 Depreciation, depletion and amortizationPrograms $2,510$2,510
IX-23 InsurancePrograms $5,375 · Management $5,050$10,425
IX-24 Other expenses (24a–d)Programs $131,621 · Fundraising $288$131,909
IX-24e All other expensesPrograms $20,830 · Management $2,169 · Fundraising $774$23,773
IX-25 Total functional expensesPrograms $524,090 · Management $29,320 · Fundraising $1,062$554,472
Part X · Balance sheet $346,698 assets, 12 lines filed
X-2 Savings and temporary cash investmentsStart of year $198,695$218,531
X-3 Pledges and grants receivable$5,000
X-9 Prepaid expenses and deferred chargesStart of year $4,214$5,887
X-10c Land, buildings and equipment, netStart of year $10,248$7,738
X-13 Program-related investmentsStart of year $92,916$109,542
X-16 Total assetsStart of year $306,073$346,698
X-17 Accounts payable and accrued expensesStart of year $13,434$20,926
X-26 Total liabilitiesStart of year $13,434$20,926
X-27 Net assets without donor restrictionsStart of year $165,307$130,547
X-28 Net assets with donor restrictionsStart of year $127,332$195,225
X-32 Total net assets or fund balancesStart of year $292,639$325,772
X-33 Total liabilities and net assetsStart of year $306,073$346,698
Part XI · Reconciliation of net assets $325,772 net assets at year end
XI-1 Total revenue$587,604
XI-2 Total expenses$554,472
XI-3 Revenue less expenses$33,132
XI-4 Net assets at start of year$292,639
XI-9 Other changes in net assets$1
XI-10 Net assets at end of year$325,772

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

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