Silver Spring Day School INC FY2023 filing

Tax-deductible

Silver Spring, MD501(c)(3)Since 2005EducationEIN 20-1337670

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Silver Spring Day School is a community of preschoolers, families, and early childhood educators who work to develop the whole child through a curriculum based in exploration and play. Together, we foster an environment where children, families, and educators share in the journey of life-long learning.

501(c)(3) charity; gifts are tax-deductible.
71¢ of each $1 spent went to programs.
$93K 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
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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 6
filings with a surplus
Average surplus $19K a year · 2% of revenue · last 6 filings
Fine: a surplus in 5 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
71%
of spending
Fine: 71% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$93K
to officers and key staff · 6% of spending
Looks good: pay to officers and key staff is 6% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
6 mo
of spending, in cash
Looks good: 5.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $131
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$1.8M
73% of total assets
Worth a look: liabilities are 73% of assets; over 65%.
Pt X · Ln 26
Independent board members
11
of 11 voting members
Looks good: 11 of 11 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.6M
+15% vs prior year
Spent
$1.5M
To programs
71%
Net assets
$675K
By yearFY2019–FY2024
Revenue
$1.6M
FY2023▲ +15%
Revenue by fiscal year
FY2019$1.4M
FY2020$1.4M
FY2021$159K
FY2022$1.4M
FY2023$1.6M
FY2024$1.6M
FY2024$1.7M
Expenses
$1.5M
FY2023▲ +16%
Expenses by fiscal year
FY2019$1.3M
FY2020$1.3M
FY2021$503K
FY2022$1.3M
FY2023$1.5M
FY2024$1.5M
FY2024$1.6M
Net assets
$675K
FY2023▲ +13%
Net assets by fiscal year
FY2019$783K
FY2020$872K
FY2021$527K
FY2022$598K
FY2023$675K
FY2024$781K
FY2024$862K

From the FY2023 Form 990 (year ending July 2023) · figures checked against the IRS filing · see the original

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You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Feb 2005.

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

Where the money goes

71 cents of each dollar spent went to programs.

Program services 71% · $1.1M Management & general 27% · $412K Fundraising 2% · $31K

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

12 people listed on the 990; $93K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
Executive Director
$93,385Pt 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
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Ylla Bishop’s $104K as Executive Director is at the 35th percentile of top reported officer pay among 3394 $1–10M 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

NameFY2024FY2024FY2023FY2022FY2021FY2020
Ylla Bishop$104,276$100,350$93,385$82,512$39,404—
Richelle B Meer——————
Alexis Tinsley—————$69,461

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 Silver Spring Day School INC 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 15aYes

Programs and updates

Nurtures preschoolers' development through play-based exploration and lifelong learning.

Provided by the organization

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1 program · $1.1M · in their own filed words · FY2022
01

The school has been successful in educating preschool aged children, which is of paramount importance. The school has also contributed to the overall development of each child by providing the highest quality education. 140 students were enrolled for the school year ended july 31, 2023.

$1.1Mprogram 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 · FY2023
Total grants receivedfrom 1 funder$131

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$1.6M
Ln 12
Fees for servicesLn 2g$1.5M
Gifts and grantsLn 1h$106K
Investment incomeLn 3$13K
Money outPt IX
$1.5M
Ln 25
Programscol B$1.1M
Managementcol C$412K
Fundraisingcol D$31K
Owns and owesPt X
$675K
net assets · Ln 32
Cash and savingsLn 1–2$734K
Total assetsLn 16$2.5M
LiabilitiesLn 26$1.8M
PeoplePt VI, VII
12
listed · VII A
PaidVII A1
Voting boardVI 1a11
IndependentVI 1b11
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$106K
Government grantsLn 1e$90K
Fundraising eventsLn 1c$10K
Fees for servicesLn 2g$1.5M
Investment incomeLn 3$13K
Other incomeLn 4–11$11K
Total revenueLn 12$1.6M
Assets in detailPt X, end of year
CashLn 1$360K
SavingsLn 2$373K
Cash and savings togetherLn 1–2$734K
InvestmentsLn 11–13$415K
Land, buildings, equipmentLn 10c$6K
Other assetsLn 15$1.3M
Total assetsLn 16$2.5M
LiabilitiesLn 26$1.8M
Net assetsLn 32$675K
OperationsPt I, VI
EmployeesI 538
VolunteersI 6270
Fiscal year endsHeaderJuly
Conflict-of-interest policyVI 12aYes
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$815K$734K
InvestmentsLn 11–13$402K$415K
Land, buildings, equipmentLn 10c$8K$6K
Total assetsLn 16$1.2M$2.5M
LiabilitiesLn 26$640K$1.8M
Net assetsLn 32$598K$675K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$96K$69K$25K$2K
Other salaries and wagesLn 7$922K$656K$241K$24K
Pension plan contributionsLn 8$14K$10K$4K$352
Other employee benefitsLn 9$17K$12K$4K$436
Payroll taxesLn 10$89K$64K$23K$2K
Accounting feesLn 11c$13K$13K
Other fees for servicesLn 11g$45K$11K$34K
Advertising and promotionLn 12$510$510
Information technologyLn 14$2K$2K
OccupancyLn 16$189K$183K$6K
Depreciation, depletion and amortizationLn 22$2K$300$2K
InsuranceLn 23$11K$7K$3K$331
Other expenses (24a–d)Ln 24$124K$76K$48K$386
All other expensesLn 24e$12K$5K$7K
Total functional expensesLn 25$1.5M$1.1M$412K$31K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $1.6M$1.5M$106K$781K 990 PDF
FY2023 Viewing $1.6M$1.5M$77K$675K 990 PDF
FY2022 $1.4M$1.3M$71K$598K 990 PDF
FY2021 $159K$503K−$345K$527K 990 PDF
FY2020 $1.4M$1.3M$88K$872K 990 PDF
FY2019 $1.4M$1.3M$117K$783K 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 (4 parts)
Part VIII · Statement of revenue $1,613,495 across 9 lines filed
VIII-1c Fundraising events$10,409
VIII-1e Government grants$90,366
VIII-1f All other contributions, gifts and grants$5,498
VIII-1h Total contributions, gifts and grants$106,273
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,483,452$1,483,452
VIII-3 Investment incomeExcluded from tax $12,538$12,538
VIII-6 Net rental income or lossExcluded from tax $7,256$7,256
VIII-8 Net income from fundraising eventsExcluded from tax $3,976$3,976
VIII-12 Total revenueRelated to mission $1,483,452 · Unrelated business $0 · Excluded from tax $23,770$1,613,495
Part IX · Statement of functional expenses $1,536,301 across 14 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $68,940 · Management $24,929 · Fundraising $2,493$96,362
IX-7 Other salaries and wagesPrograms $656,385 · Management $241,380 · Fundraising $24,137$921,902
IX-8 Pension plan contributionsPrograms $9,738 · Management $3,521 · Fundraising $352$13,611
IX-9 Other employee benefitsPrograms $12,044 · Management $4,355 · Fundraising $436$16,835
IX-10 Payroll taxesPrograms $63,771 · Management $23,060 · Fundraising $2,306$89,137
IX-11c Accounting feesManagement $12,954$12,954
IX-11g Other fees for servicesPrograms $11,147 · Management $34,063$45,210
IX-12 Advertising and promotionFundraising $510$510
IX-14 Information technologyManagement $2,244$2,244
IX-16 OccupancyPrograms $182,774 · Management $5,847$188,621
IX-22 Depreciation, depletion and amortizationPrograms $300 · Management $1,697$1,997
IX-23 InsurancePrograms $7,414 · Management $3,320 · Fundraising $331$11,065
IX-24 Other expenses (24a–d)Programs $75,709 · Management $47,994 · Fundraising $386$124,089
IX-24e All other expensesPrograms $5,255 · Management $6,509$11,764
IX-25 Total functional expensesPrograms $1,093,477 · Management $411,873 · Fundraising $30,951$1,536,301
Part X · Balance sheet $2,458,891 assets, 16 lines filed
X-1 Cash, non-interest-bearingStart of year $541,588$360,375
X-2 Savings and temporary cash investmentsStart of year $273,166$373,250
X-4 Accounts receivable$40,664
X-9 Prepaid expenses and deferred chargesStart of year $1,249$1,249
X-10c Land, buildings and equipment, netStart of year $7,871$5,874
X-12 Other securitiesStart of year $402,390$414,844
X-15 Other assetsStart of year $12,000$1,262,635
X-16 Total assetsStart of year $1,238,264$2,458,891
X-17 Accounts payable and accrued expensesStart of year $57,004$72,188
X-19 Deferred revenueStart of year $564,797$477,740
X-25 Other liabilitiesStart of year $18,473$1,233,779
X-26 Total liabilitiesStart of year $640,274$1,783,707
X-27 Net assets without donor restrictionsStart of year $597,990$669,686
X-28 Net assets with donor restrictions$5,498
X-32 Total net assets or fund balancesStart of year $597,990$675,184
X-33 Total liabilities and net assetsStart of year $1,238,264$2,458,891
Part XI · Reconciliation of net assets $675,184 net assets at year end
XI-1 Total revenue$1,613,495
XI-2 Total expenses$1,536,301
XI-3 Revenue less expenses$77,194
XI-4 Net assets at start of year$597,990
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$675,184

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

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