The Walden School INC

Tax-deductible

Media, PA501(c)(3)Since 1967EducationEIN 23-1713166Revenue $2.6M in FY2024

On file with the IRSthewaldenschool.org901 N Providence Rd, 19063-1448 · Media, PATax-exempt since Oct 1969School — 170(b)(1)(A)(ii)

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The Walden School engages in the education of preschool through 5th grade children using a montessori based philosophy.

501(c)(3) charity; gifts are tax-deductible.
83¢ of each $1 spent went to programs.
Run by 7 volunteers and 43 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

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
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
4 of 5
filings with a surplus
Average surplus $55K a year · 2% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
83%
of spending
Looks good: 83% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$122K
to officers and key staff · 5% of spending
Top officer’s pay lower than 53% of similar orgs
Looks good: pay to officers and key staff is 5% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
2 mo
of spending, in cash
Fine: 2.5 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $10K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$907K
40% of total assets
Looks good: liabilities are 40% of assets; 50% or less.
Pt X · Ln 26
Independent board members
7
of 7 voting members
Looks good: 7 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$2.6M
-0.7% vs prior year
Spent
$2.6M
To programs
83%
Net assets
$1.3M
By yearFY2020–FY2024
Revenue
$2.6M
FY2024▼ -0.7%
Tap a bar for its year
Revenue by fiscal year
FY2020$2.0M
FY2021$2.2M
FY2022$2.2M
FY2023$2.3M
FY2024$2.6M
FY2024$2.6M
Expenses
$2.6M
FY2024▲ +4%
Tap a bar for its year
Expenses by fiscal year
FY2020$2.1M
FY2021$2.1M
FY2022$2.1M
FY2023$2.3M
FY2024$2.5M
FY2024$2.6M
Net assets
$1.3M
FY2024▲ +2%
Tap a bar for its year
Net assets by fiscal year
FY2020$975K
FY2021$1.1M
FY2022$1.2M
FY2023$1.2M
FY2024$1.3M
FY2024$1.3M

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Oct 1969.

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

Where the money goes

83 cents of each dollar spent went to programs.

Program services 83% · $2.2M Management & general 15% · $380K Fundraising 2% · $64K

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

9 people listed on the 990; $122K paid to officers and key staff.

Part VII, Section A · reportable compensation
Head of School
$122,195Pt VII · Sec A
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Robert Thomas’s $122K as Head of School is at the 47th 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 · 2 named individuals · Part VII

NameFY2024FY2024FY2023FY2022FY2021FY2020
Robert Thomas$122,195$122,396$55,777———
Mary McKeon———$70,274$81,463$90,640

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 Walden 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

Educates preschool through 8th grade children using Montessori philosophy.

Provided by the organization

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1 program · $2.2M · in their own filed words · FY2024
01

The montessori PRESCHOOL/KINDERGARTEN is most comprehensively described as freedom in a prepared environment. Following the principles of order, beauty, and simplicity, this environment is prepared with materials designed by maria montessori to accommodate each developmental stage.

$2.2Mprogram 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
Total grants receivedfrom 1 funder$10K
Grants paid · 6 grants · $773K · 2019–2024
Unitemized GrantFY2024$110,230
Unitemized GrantFY2023$75,150
Unitemized GrantFY2022$108,031
Unitemized GrantFY2021$130,720
Unitemized GrantFY2020$175,977
Unitemized GrantFY2019$172,656

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$2.6M
Ln 12
Fees for servicesLn 2g$2.5M
Gifts and grantsLn 1h$61K
Investment incomeLn 3$20K
Money outPt IX
$2.6M
Ln 25
Programscol B$2.2M
Managementcol C$380K
Fundraisingcol D$64K
Owns and owesPt X
$1.3M
net assets · Ln 32
Cash and savingsLn 1–2$542K
Total assetsLn 16$2.2M
LiabilitiesLn 26$907K
PeoplePt VI, VII
9
listed · VII A
PaidVII A1
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$61K
Fundraising eventsLn 1c$17K
Fees for servicesLn 2g$2.5M
Investment incomeLn 3$20K
Other incomeLn 4–11$13K
Gains on assetsLn 7$14K
Total revenueLn 12$2.6M
Assets in detailPt X, end of year
CashLn 1$250
SavingsLn 2$542K
Cash and savings togetherLn 1–2$542K
InvestmentsLn 11–13$310K
Land, buildings, equipmentLn 10c$1.4M
Total assetsLn 16$2.2M
LiabilitiesLn 26$907K
Net assetsLn 32$1.3M
OperationsPt I, VI
EmployeesI 543
VolunteersI 67
Fiscal year endsHeaderDecember
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$493K$542K
InvestmentsLn 11–13$284K$310K
Land, buildings, equipmentLn 10c$1.5M$1.4M
Total assetsLn 16$2.3M$2.2M
LiabilitiesLn 26$937K$907K
Net assetsLn 32$1.3M$1.3M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$110K$110K
Pay of current officers, directors and key staffLn 5$156K$128K$25K$3K
Other salaries and wagesLn 7$1.5M$1.2M$234K$29K
Pension plan contributionsLn 8$41K$34K$7K$830
Other employee benefitsLn 9$115K$94K$18K$2K
Payroll taxesLn 10$124K$102K$20K$2K
Accounting feesLn 11c$22K$8K$13K$436
Other fees for servicesLn 11g$12K$5K$7K$248
Advertising and promotionLn 12$25K$25K
Office expensesLn 13$50K$34K$16K
Information technologyLn 14$43K$30K$13K
OccupancyLn 16$36K$35K$714
InterestLn 20$15K$15K$309
Depreciation, depletion and amortizationLn 22$122K$119K$2K
InsuranceLn 23$46K$34K$11K
Other expenses (24a–d)Ln 24$178K$176K$2K
All other expensesLn 24e$36K$26K$9K$742
Total functional expensesLn 25$2.6M$2.2M$380K$64K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $2.6M$2.5M$137K$1.3M 990 PDF
FY2023 $2.3M$2.3M$4K$1.2M 990 PDF
FY2022 $2.2M$2.1M$85K$1.2M 990 PDF
FY2021 $2.2M$2.1M$120K$1.1M 990 PDF
FY2020 $2.0M$2.1M−$71K$975K 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 $2,611,488 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $127,419$60,972
I-9 Program service revenuePrior year $2,463,872$2,517,350
I-10 Investment incomePrior year $31,128$20,442
I-11 Other revenuePrior year $8,535$12,724
I-12 Total revenuePrior year $2,630,954$2,611,488
I-13 Grants and similar amounts paidPrior year $75,150$110,230
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $1,889,905$1,901,196
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $529,287$585,030
I-18 Total expensesPrior year $2,494,342$2,596,456
I-19 Revenue less expensesPrior year $136,612$15,032
Part VI · Governance 7 of 7 board members independent, no flags
VI-1a Voting members of the governing body7
VI-1b Independent voting members7
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 $2,611,488 across 8 lines filed
VIII-1c Fundraising events$16,900
VIII-1f All other contributions, gifts and grants$44,072
VIII-1h Total contributions, gifts and grants$60,972
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $2,517,350$2,517,350
VIII-3 Investment incomeExcluded from tax $6,695$6,695
VIII-7 Net gain or loss on sales of assetsExcluded from tax $13,747$13,747
VIII-8 Net income from fundraising eventsExcluded from tax $12,724$12,724
VIII-12 Total revenueRelated to mission $2,517,350 · Unrelated business $0 · Excluded from tax $33,166$2,611,488
Part IX · Statement of functional expenses $2,596,456 across 17 lines filed
IX-2 Grants to domestic individualsPrograms $110,230$110,230
IX-5 Pay of current officers, directors and key staffPrograms $128,235 · Management $25,021 · Fundraising $3,128$156,384
IX-7 Other salaries and wagesPrograms $1,201,093 · Management $234,360 · Fundraising $29,296$1,464,749
IX-8 Pension plan contributionsPrograms $34,028 · Management $6,640 · Fundraising $830$41,498
IX-9 Other employee benefitsPrograms $94,102 · Management $18,361 · Fundraising $2,295$114,758
IX-10 Payroll taxesPrograms $101,522 · Management $19,809 · Fundraising $2,476$123,807
IX-11c Accounting feesPrograms $8,278 · Management $13,070 · Fundraising $436$21,784
IX-11g Other fees for servicesPrograms $4,709 · Management $7,436 · Fundraising $248$12,393
IX-12 Advertising and promotionFundraising $24,518$24,518
IX-13 Office expensesPrograms $34,075 · Management $16,261$50,336
IX-14 Information technologyPrograms $30,303 · Management $12,987$43,290
IX-16 OccupancyPrograms $34,975 · Management $714$35,689
IX-20 InterestPrograms $15,163 · Management $309$15,472
IX-22 Depreciation, depletion and amortizationPrograms $119,468 · Management $2,438$121,906
IX-23 InsurancePrograms $34,408 · Management $11,469$45,877
IX-24 Other expenses (24a–d)Programs $176,051 · Management $1,685$177,736
IX-24e All other expensesPrograms $26,090 · Management $9,197 · Fundraising $742$36,029
IX-25 Total functional expensesPrograms $2,152,730 · Management $379,757 · Fundraising $63,969$2,596,456
Part X · Balance sheet $2,241,371 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $250$250
X-2 Savings and temporary cash investmentsStart of year $492,892$542,066
X-4 Accounts receivableStart of year $8,415$3,536
X-9 Prepaid expenses and deferred chargesStart of year $14,453$14,748
X-10c Land, buildings and equipment, netStart of year $1,450,830$1,370,978
X-11 Publicly traded securitiesStart of year $284,411$309,793
X-16 Total assetsStart of year $2,251,251$2,241,371
X-17 Accounts payable and accrued expensesStart of year $86,136$88,821
X-19 Deferred revenueStart of year $348,706$381,625
X-26 Total liabilitiesStart of year $937,242$906,894
X-27 Net assets without donor restrictionsStart of year $1,159,515$1,154,971
X-28 Net assets with donor restrictionsStart of year $154,494$179,506
X-32 Total net assets or fund balancesStart of year $1,314,009$1,334,477
X-33 Total liabilities and net assetsStart of year $2,251,251$2,241,371
Part XI · Reconciliation of net assets $1,334,477 net assets at year end
XI-1 Total revenue$2,611,488
XI-2 Total expenses$2,596,456
XI-3 Revenue less expenses$15,032
XI-4 Net assets at start of year$1,314,009
XI-5 Net unrealized gains (losses) on investments$5,436
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,334,477

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

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