To edify and inspire students and educators to grow, learn and lead.

501(c)(3) charity; gifts are tax-deductible.
87¢ of each $1 spent went to programs.
$666K 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 5
filings with a surplus
Average surplus $2.5M a year · 20% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
87%
of spending
Looks good: 87% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$666K
to officers and key staff · 7% of spending
Looks good: pay to officers and key staff is 7% of spending; 15% or less.
Pt VII · Sec A
5 mo
of spending, in cash
Looks good: 4.8 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
8
named funders · $122K
Looks good: 8 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$7.7M
84% of total assets
Concern: liabilities are 84% of assets; over 80%.
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
$12.4M
-5% vs prior year
Spent
$10.2M
To programs
87%
Net assets
$1.5M
By yearFY2021–FY2025
Revenue
$12.4M
FY2024▼ -5%
Tap a bar for its year
Revenue by fiscal year
FY2021$11.6M
FY2022$10.9M
FY2023$13.1M
FY2024$12.4M
FY2025$13.2M
Expenses
$10.2M
FY2024▲ +5%
Tap a bar for its year
Expenses by fiscal year
FY2021$8.1M
FY2022$9.0M
FY2023$9.7M
FY2024$10.2M
FY2025$11.9M
Net assets
$1.5M
FY2024▼ -14%
Tap a bar for its year
Net assets by fiscal year
FY2021$1.2M
FY2022$1.1M
FY2023$1.7M
FY2024$1.5M
FY2025$19.7M

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

87 cents of each dollar spent went to programs.

Program services 87% · $8.9M Management & general 11% · $1.1M Fundraising 2% · $236K

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; $666K 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
Head of Scho
$393,674Pt VII · Sec A
Co-Founder/B
$272,560Pt VII · Sec A
Board Chair
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Compensation
$0Pt VII · Sec A
Rising Inves
$0Pt VII · Sec A
Investment C
$0Pt VII · Sec A

Kristina Scala’s $502K as Head of Scho is at the 89th percentile of top reported officer pay among 3683 $10–100M 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 · 3 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021
Kristina Scala$502,335$393,674$938,582$363,801$337,338
Lynda Sailor$302,342$272,560$237,088$226,512$207,162
Theresa Letman————$104,714

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.

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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 15aYes

Programs and updates

Inspires students and educators to grow, learn, and lead through educational enrichment.

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Provided by the organization

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1 program · $8.9M · in their own filed words · FY2023
01

Aspen academy is an independent school serving approximately 490 students from prek through 8TH grade. We edify and inspire students, parents and educators to grow, learn and lead. We are a national leader in innovative and transformative education.

$8.9Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
See all 8 funders →
Grants paid · 10 grants · $1.8M · 2020–2024
Unitemized GrantFY2024$201,264
Unitemized GrantFY2024$169,503
Unitemized GrantFY2023$184,814
Unitemized GrantFY2023$173,030
Unitemized GrantFY2022$177,306
Unitemized GrantFY2022$142,128
Unitemized GrantFY2021$194,831
Unitemized GrantFY2021$178,120
Unitemized GrantFY2020$240,775
Unitemized GrantFY2020$144,313

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$12.4M
Ln 12
Fees for servicesLn 2g$11.3M
Gifts and grantsLn 1h$812K
Investment incomeLn 3$252K
Money outPt IX
$10.2M
Ln 25
Programscol B$8.9M
Managementcol C$1.1M
Fundraisingcol D$236K
Owns and owesPt X
$1.5M
net assets · Ln 32
Cash and savingsLn 1–2$4.1M
Total assetsLn 16$9.2M
LiabilitiesLn 26$7.7M
PeoplePt VI, VII
17
listed · VII A
PaidVII A2
Voting boardVI 1a15
IndependentVI 1b15
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$812K
Fundraising eventsLn 1c$215K
Fees for servicesLn 2g$11.3M
Investment incomeLn 3$252K
Other incomeLn 4–11$25K
Total revenueLn 12$12.4M
Assets in detailPt X, end of year
SavingsLn 2$4.1M
Cash and savings togetherLn 1–2$4.1M
InvestmentsLn 11–13$3.7M
Land, buildings, equipmentLn 10c$897K
Total assetsLn 16$9.2M
LiabilitiesLn 26$7.7M
Net assetsLn 32$1.5M
OperationsPt I, VI
EmployeesI 5115
VolunteersI 6400
Fiscal year endsHeaderJune
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$8.2M$4.1M
InvestmentsLn 11–13$350K$3.7M
Land, buildings, equipmentLn 10c$729K$897K
Total assetsLn 16$9.7M$9.2M
LiabilitiesLn 26$8.0M$7.7M
Net assetsLn 32$1.7M$1.5M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$358K$358K
Pay of current officers, directors and key staffLn 5$922K$568K$340K$14K
Other salaries and wagesLn 7$5.4M$5.0M$305K$139K
Pension plan contributionsLn 8$158K$148K$5K$4K
Other employee benefitsLn 9$561K$477K$66K$18K
Payroll taxesLn 10$478K$420K$47K$12K
Legal feesLn 11b$26K$26K
Accounting feesLn 11c$33K$4K$29K$108
Investment management feesLn 11f$4K$4K
Other fees for servicesLn 11g$19K$3K$16K$54
Advertising and promotionLn 12$98K$24K$74K$982
Office expensesLn 13$120K$79K$22K$18K
Information technologyLn 14$151K$141K$9K$2K
OccupancyLn 16$108K$101K$6K$1K
Conferences, conventions and meetingsLn 19$7K$6K$704$173
InterestLn 20$54K$54K
Depreciation, depletion and amortizationLn 22$286K$267K$16K$3K
InsuranceLn 23$139K$125K$11K$3K
Other expenses (24a–d)Ln 24$1.2M$1.1M$47K$9K
All other expensesLn 24e$33K$13K$10K$11K
Total functional expensesLn 25$10.2M$8.9M$1.1M$236K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $13.2M$11.9M$1.3M$19.7M 990 PDF
FY2024 Viewing $12.4M$10.2M$2.2M$1.5M 990 PDF
FY2023 $13.1M$9.7M$3.4M$1.7M 990 PDF
FY2022 $10.9M$9.0M$1.9M$1.1M 990 PDF
FY2021 $11.6M$8.1M$3.5M$1.2M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support J · Pay O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $12,410,744 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $2,486,584$811,887
I-9 Program service revenuePrior year $10,496,007$11,322,180
I-10 Investment incomePrior year $114,941$252,032
I-11 Other revenue$24,645
I-12 Total revenuePrior year $13,097,532$12,410,744
I-13 Grants and similar amounts paidPrior year $319,434$357,844
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $6,739,276$7,561,702
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $2,592,372$2,257,268
I-18 Total expensesPrior year $9,651,082$10,176,814
I-19 Revenue less expensesPrior year $3,446,450$2,233,930
Part VI · Governance 15 of 15 board members independent, no flags
VI-1a Voting members of the governing body15
VI-1b Independent voting members15
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
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $12,410,744 across 7 lines filed
VIII-1c Fundraising events$214,604
VIII-1f All other contributions, gifts and grants$597,283
VIII-1h Total contributions, gifts and grants$811,887
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $11,322,180$11,322,180
VIII-3 Investment incomeExcluded from tax $252,032$252,032
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $24,645$24,645
VIII-12 Total revenueRelated to mission $11,322,180 · Excluded from tax $276,677$12,410,744
Part IX · Statement of functional expenses $10,176,814 across 20 lines filed
IX-2 Grants to domestic individualsPrograms $357,844$357,844
IX-5 Pay of current officers, directors and key staffPrograms $567,852 · Management $339,681 · Fundraising $14,289$921,822
IX-7 Other salaries and wagesPrograms $4,998,443 · Management $305,379 · Fundraising $139,162$5,442,984
IX-8 Pension plan contributionsPrograms $148,293 · Management $5,210 · Fundraising $4,168$157,671
IX-9 Other employee benefitsPrograms $476,830 · Management $65,630 · Fundraising $18,267$560,727
IX-10 Payroll taxesPrograms $419,786 · Management $47,132 · Fundraising $11,580$478,498
IX-11b Legal feesManagement $26,358$26,358
IX-11c Accounting feesPrograms $3,910 · Management $29,439 · Fundraising $108$33,457
IX-11f Investment management feesManagement $4,207$4,207
IX-11g Other fees for servicesPrograms $3,433 · Management $15,715 · Fundraising $54$19,202
IX-12 Advertising and promotionPrograms $23,574 · Management $73,668 · Fundraising $982$98,224
IX-13 Office expensesPrograms $79,273 · Management $22,160 · Fundraising $18,202$119,635
IX-14 Information technologyPrograms $140,694 · Management $8,687 · Fundraising $1,692$151,073
IX-16 OccupancyPrograms $100,717 · Management $6,218 · Fundraising $1,211$108,146
IX-19 Conferences, conventions and meetingsPrograms $6,272 · Management $704 · Fundraising $173$7,149
IX-20 InterestManagement $53,643$53,643
IX-22 Depreciation, depletion and amortizationPrograms $266,691 · Management $16,466 · Fundraising $3,207$286,364
IX-23 InsurancePrograms $124,717 · Management $11,260 · Fundraising $2,596$138,573
IX-24 Other expenses (24a–d)Programs $1,121,636 · Management $46,807 · Fundraising $9,413$1,177,856
IX-24e All other expensesPrograms $12,891 · Management $9,809 · Fundraising $10,681$33,381
IX-25 Total functional expensesPrograms $8,852,856 · Management $1,088,173 · Fundraising $235,785$10,176,814
Part X · Balance sheet $9,188,962 assets, 16 lines filed
X-2 Savings and temporary cash investmentsStart of year $8,219,187$4,062,642
X-3 Pledges and grants receivableStart of year $165,636$171,149
X-4 Accounts receivableStart of year $24,178$6,707
X-9 Prepaid expenses and deferred chargesStart of year $215,862$400,534
X-10c Land, buildings and equipment, netStart of year $728,536$896,989
X-11 Publicly traded securities$3,119,086
X-12 Other securitiesStart of year $350,266$531,855
X-16 Total assetsStart of year $9,703,665$9,188,962
X-17 Accounts payable and accrued expensesStart of year $1,262,297$1,146,052
X-19 Deferred revenueStart of year $4,500,131$4,215,297
X-25 Other liabilitiesStart of year $350,266$531,855
X-26 Total liabilitiesStart of year $7,956,509$7,690,328
X-27 Net assets without donor restrictionsStart of year $1,238,367$902,789
X-28 Net assets with donor restrictionsStart of year $508,789$595,845
X-32 Total net assets or fund balancesStart of year $1,747,156$1,498,634
X-33 Total liabilities and net assetsStart of year $9,703,665$9,188,962
Part XI · Reconciliation of net assets $1,498,634 net assets at year end
XI-1 Total revenue$12,410,744
XI-2 Total expenses$10,176,814
XI-3 Revenue less expenses$2,233,930
XI-4 Net assets at start of year$1,747,156
XI-9 Other changes in net assets−$2,482,452
XI-10 Net assets at end of year$1,498,634

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

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