School Lane Charter School

Tax-deductible

Bensalem, PA501(c)(3)Since 1998EducationEIN 23-2965591

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The organization's mission is to create a sanctuary where all members of the learning community are partners and show by example their commitment to the School Lane Charter School vision of high achievement, lifelong and active learning, diversity and equity, international mindedness and collaborative problem solving.

501(c)(3) charity; gifts are tax-deductible.
86¢ of each $1 spent went to programs.
Run by 132 volunteers and 242 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · 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 $2.7M a year · 11% of revenue · last 6 filings
Fine: a surplus in 5 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
86%
of spending
Looks good: 86% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$994K
to officers and key staff · 4% of spending
Top officer’s pay lower than 57% of similar orgs
Looks good: pay to officers and key staff is 4% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
14 mo
of spending, in cash
Looks good: 13.8 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $151
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$45.7M
74% of total assets
Worth a look: liabilities are 74% of assets; over 65%.
Pt X · Ln 26
Independent board members
8
of 8 voting members
Looks good: 8 of 8 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$29.9M
+10% vs prior year
Spent
$24.1M
To programs
86%
Net assets
$16.4M
By yearFY2020–FY2025
Revenue
$29.9M
FY2025▲ +10%
Revenue by fiscal year
FY2020$20.1M
FY2021$21.4M
FY2022$23.8M
FY2023$24.3M
FY2024$27.2M
FY2025$29.9M
Expenses
$24.1M
FY2025▲ +4%
Expenses by fiscal year
FY2020$20.8M
FY2021$20.2M
FY2022$21.1M
FY2023$21.5M
FY2024$23.1M
FY2025$24.1M
Net assets
$16.4M
FY2025▲ +51%
Net assets by fiscal year
FY2020$16K
FY2021$1.2M
FY2022$3.9M
FY2023$6.8M
FY2024$10.9M
FY2025$16.4M

From the FY2025 Form 990 (year ending June 2025) · figures checked against the IRS filing · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Oct 1998.

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

Where the money goes

86 cents of each dollar spent went to programs.

Program services 86% · $20.6M Management & general 14% · $3.4M

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

14 people listed on the 990; $994K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Chief Executive Officer
$217,245Pt VII · Sec A
$174,282Pt VII · Sec A
Director of Assessment, Data of Technology
$157,150Pt VII · Sec A
Principal
$155,563Pt VII · Sec A
VP of Special Education
$148,850Pt VII · Sec A
$141,300Pt VII · Sec A
Board Member
$0Pt VII · Sec A
President
$0Pt VII · Sec A

Karen a Schade’s $217K as Chief Executive Officer is at the 43rd 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 · 8 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Karen a Schade$217,245$210,300$213,500$188,429$187,413$184,550
David Robinson$174,282$168,850$160,600$148,629$135,166$136,993
Kristin Hokanson$141,300$166,020$158,900$149,478$139,830—
James Munizza$157,150$151,050$141,885—$109,521$106,316
Colette Weber$155,563$150,630————
Michelle Stride$148,850$136,100$135,165——$106,544
Lee Ann Gordon———$126,878$125,201$121,510
Kelly Ousey————$124,787$121,295

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

Fosters a sanctuary for collaborative learning and high achievement for all community members.

Provided by the organization

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1 program service account for $20.6M of program spending, described in the organization's own filed words · FY2024.
01

Program expenditures used to operate the charter school for school children k-12.

$20.6Mprogram expense

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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$151

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$29.9M
Ln 12
Fees for servicesLn 2g$26.6M
Gifts and grantsLn 1h$2.3M
Investment incomeLn 3$878K
Money outPt IX
$24.1M
Ln 25
Programscol B$20.6M
Managementcol C$3.4M
Owns and owesPt X
$16.4M
net assets · Ln 32
Cash and savingsLn 1–2$27.7M
Total assetsLn 16$62.1M
LiabilitiesLn 26$45.7M
PeoplePt VI, VII
14
listed · VII A
PaidVII A6
Voting boardVI 1a8
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$2.3M
Government grantsLn 1e$2.3M
Noncash giftsLn 1g$61K
Fees for servicesLn 2g$26.6M
Investment incomeLn 3$878K
Other incomeLn 4–11$104K
Gains on assetsLn 7−$10K
Total revenueLn 12$29.9M
Assets in detailPt X, end of year
CashLn 1$19.0M
SavingsLn 2$8.7M
Cash and savings togetherLn 1–2$27.7M
Land, buildings, equipmentLn 10c$26.9M
Other assetsLn 15$3.2M
Total assetsLn 16$62.1M
LiabilitiesLn 26$45.7M
Net assetsLn 32$16.4M
OperationsPt I, VI
EmployeesI 5242
VolunteersI 6132
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$25.0M$27.7M
Land, buildings, equipmentLn 10c$27.7M$26.9M
Total assetsLn 16$58.7M$62.1M
LiabilitiesLn 26$47.8M$45.7M
Net assetsLn 32$10.9M$16.4M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$677K$609K$68K
Other salaries and wagesLn 7$11.8M$10.7M$1.2M
Pension plan contributionsLn 8$1.9M$1.7M$194K
Other employee benefitsLn 9$1.4M$1.2M$136K
Payroll taxesLn 10$926K$834K$93K
Legal feesLn 11b$42K$42K
Accounting feesLn 11c$34K$34K
Other fees for servicesLn 11g$742K$668K$74K
Advertising and promotionLn 12$57K$57K
Office expensesLn 13$166K$166K
Information technologyLn 14$509K$458K$51K
OccupancyLn 16$1.0M$932K$104K
TravelLn 17$52K$52K
InterestLn 20$1.2M$1.2M
Depreciation, depletion and amortizationLn 22$1.5M$1.5M
InsuranceLn 23$160K$160K
Other expenses (24a–d)Ln 24$1.8M$1.8M$36K
Total functional expensesLn 25$24.1M$20.6M$3.4M$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $29.9M$24.1M$5.8M$16.4M 990 PDF
FY2024 $27.2M$23.1M$4.1M$10.9M 990 PDF
FY2023 $24.3M$21.5M$2.9M$6.8M 990 PDF
FY2022 $23.8M$21.1M$2.7M$3.9M 990 PDF
FY2021 $21.4M$20.2M$1.2M$1.2M 990 PDF
FY2020 $20.1M$20.8M−$715K$16K 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 FY2025 990 (4 parts)
Part VIII · Statement of revenue $29,894,246 across 8 lines filed
VIII-1e Government grants$2,264,017
VIII-1g Noncash contributions (included above)$61,164
VIII-1h Total contributions, gifts and grants$2,264,017
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $26,648,198$26,648,198
VIII-3 Investment incomeExcluded from tax $887,469$887,469
VIII-7 Net gain or loss on sales of assetsExcluded from tax −$9,556−$9,556
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $104,118$104,118
VIII-12 Total revenueRelated to mission $26,648,198 · Unrelated business $0 · Excluded from tax $982,031$29,894,246
Part IX · Statement of functional expenses $24,058,323 across 17 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $609,303 · Management $67,700$677,003
IX-7 Other salaries and wagesPrograms $10,653,357 · Management $1,183,706$11,837,063
IX-8 Pension plan contributionsPrograms $1,742,039 · Management $193,560$1,935,599
IX-9 Other employee benefitsPrograms $1,225,453 · Management $136,161$1,361,614
IX-10 Payroll taxesPrograms $833,685 · Management $92,632$926,317
IX-11b Legal feesManagement $42,262$42,262
IX-11c Accounting feesManagement $33,740$33,740
IX-11g Other fees for servicesPrograms $667,918 · Management $74,213$742,131
IX-12 Advertising and promotionManagement $56,862$56,862
IX-13 Office expensesManagement $166,121$166,121
IX-14 Information technologyPrograms $458,001 · Management $50,889$508,890
IX-16 OccupancyPrograms $931,793 · Management $103,533$1,035,326
IX-17 TravelPrograms $51,614$51,614
IX-20 InterestManagement $1,200,850$1,200,850
IX-22 Depreciation, depletion and amortizationPrograms $1,518,198$1,518,198
IX-23 InsurancePrograms $159,813$159,813
IX-24 Other expenses (24a–d)Programs $1,768,956 · Management $35,964$1,804,920
IX-25 Total functional expensesPrograms $20,620,130 · Management $3,438,193 · Fundraising $0$24,058,323
Part X · Balance sheet $62,130,279 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $15,689,594$18,981,646
X-2 Savings and temporary cash investmentsStart of year $9,328,317$8,701,467
X-4 Accounts receivableStart of year $1,697,990$4,303,672
X-9 Prepaid expenses and deferred chargesStart of year $211,428$74,046
X-10c Land, buildings and equipment, netStart of year $27,658,653$26,918,111
X-15 Other assetsStart of year $4,118,717$3,151,337
X-16 Total assetsStart of year $58,704,699$62,130,279
X-17 Accounts payable and accrued expensesStart of year $2,233,674$2,306,730
X-19 Deferred revenueStart of year $50,489$15,949
X-20 Tax-exempt bond liabilitiesStart of year $24,618,722$23,807,667
X-25 Other liabilitiesStart of year $20,927,000$19,589,375
X-26 Total liabilitiesStart of year $47,829,885$45,719,721
X-32 Total net assets or fund balancesStart of year $10,874,814$16,410,558
X-33 Total liabilities and net assetsStart of year $58,704,699$62,130,279
Part XI · Reconciliation of net assets $16,410,558 net assets at year end
XI-1 Total revenue$29,894,246
XI-2 Total expenses$24,058,323
XI-3 Revenue less expenses$5,835,923
XI-4 Net assets at start of year$10,874,814
XI-8 Prior period adjustments−$300,179
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$16,410,558

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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