School Lane Charter School FY2021 filing

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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.

Form 990 Part I, line 1, FY2021. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 23-2965591) · Dispute this line
501(c)(3) charity; gifts are tax-deductible.
84¢ of each $1 spent went to programs.
$822K 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

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
The IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
The latest return is for FY2025, 1 tax year back.
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
A surplus in 5 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
84%
of spending
84% of spending went to programs.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$822K
to officers and key staff · 4% of spending
Pay to officers and key staff is 4% of spending.
Part VII, Section A
9.3 mo
of spending, in cash
9.3 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $151
1 funder names it on their filings.
Funders’ Sch. I, 990-PF
Liabilities
$51.7M
98% of total assets
Liabilities are 98% of assets.
Pt X · Ln 26
Independent board members
9
of 9 voting members
9 of 9 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$21.4M
+6% vs prior year
Spent
$20.2M
To programs
84%
Net assets
$1.2M
By yearFY2020–FY2025
Revenue
$21.4M
FY2021▲ +6%
Tap a bar for its year
Revenue by fiscal year
FY2020$20.1M
FY2021$21.4M
FY2022$23.8M
FY2023$24.3M
FY2024$27.2M
FY2025$29.9M
Expenses
$20.2M
FY2021▼ -3%
Tap a bar for its year
Expenses by fiscal year
FY2020$20.8M
FY2021$20.2M
FY2022$21.1M
FY2023$21.5M
FY2024$23.1M
FY2025$24.1M
Net assets
$1.2M
FY2021▲ ×77
Tap a bar for its year
Net assets by fiscal year
FY2020$16K
FY2021$1.2M
FY2022$3.9M
FY2023$6.8M
FY2024$10.9M
FY2025$16.4M

From the FY2021 Form 990 (year ending June 2021) · figures checked against the IRS filing · see the original

You’re viewing the FY2021 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 1998.

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

Where the money goes

84 cents of each dollar spent went to programs.

Program services 84% · $17.0M Management & general 16% · $3.2M

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

15 people listed on the 990; $822K paid to officers and key staff (Part VII, Section A).

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
$187,413Pt VII · Sec A
$139,830Pt VII · Sec A
Vice President
$135,166Pt VII · Sec A
Vice Principal
$125,201Pt VII · Sec A
Vice Principal
$124,787Pt VII · Sec A
Vice Principal
$109,521Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board 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.

See School Lane Charter School executive salaries →

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.

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1 program · $17.0M · in their own filed words · FY2020
01

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

Form 990 Part III, line 4, FY2020. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 23-2965591) · Dispute this line
$17.0Mprogram 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$151

Federal money

Single Audit · Federal Audit Clearinghouse · money spent from federal programs
Year ending Jun 2025 · $1.9M federal money spent
National School Lunch ProgramDepartment of Agriculture · ALN 10.555 · Through Pennsylvania Department of Education and 1 more$683K
Title I Grants to Local Educational AgenciesDepartment of Education · ALN 84.010 · Through Pennsylvania Department of Education$468K
Education Stabilization FundDepartment of Education · ALN 84.425 · Through Pennsylvania Department of Education$247K
Special Education Grants to StatesDepartment of Education · ALN 84.027 · Through Bucks County Intermediate Unit #22$226K
School Breakfast ProgramDepartment of Agriculture · ALN 10.553 · Through Pennsylvania Department of Education$157K

Plus 4 smaller programs.

The auditor reported no findings.

Year ending Jun 2024 · $2.5M federal money spent
Education Stabilization FundDepartment of Education · ALN 84.425 · Through Pennsylvania Department of Education$1.1M
National School Lunch ProgramDepartment of Agriculture · ALN 10.555 · Through Pennsylvania Department of Education and 1 more$510K
Title I Grants to Local Educational AgenciesDepartment of Education · ALN 84.010 · Through Pennsylvania Department of Education$474K
Special Education Grants to StatesDepartment of Education · ALN 84.027 · Through Bucks County Intermediate Unit #22$171K
School Breakfast ProgramDepartment of Agriculture · ALN 10.553 · Through Pennsylvania Department of Education$84K

Plus 5 smaller programs.

The auditor reported no findings.

Year ending Jun 2023 · $2.7M federal money spent
Education Stabilization FundDepartment of Education · ALN 84.425 · Through Pennsylvania Department of Education$1.5M
Title I Grants to Local Educational AgenciesDepartment of Education · ALN 84.010 · Through Pennsylvania Department of Education$445K
National School Lunch ProgramDepartment of Agriculture · ALN 10.555 · Through Pennsylvania Department of Education and 1 more$438K
Special Education_grants to StatesDepartment of Education · ALN 84.027 · Through Bucks County Intermediate Unit #22$167K
Improving Teacher Quality State GrantsDepartment of Education · ALN 84.367 · Through Pennsylvania Department of Education$43K

Plus 4 smaller programs.

The auditor reported no findings.

Year ending Jun 2022 · $2.9M federal money spent
Education Stabilization FundDepartment of Education · ALN 84.425 · Through Pennsylvania Department of Education$1.4M
National School Lunch ProgramDepartment of Agriculture · ALN 10.555 · Through Pennsylvania Department of Education and 1 more$765K
Title I Grants to Local Educational AgenciesDepartment of Education · ALN 84.010 · Through Pennsylvania Department of Education$464K
Special Education_grants to StatesDepartment of Education · ALN 84.027 · Through Bucks County Intermediate Unit$168K
Improving Teacher Quality State GrantsDepartment of Education · ALN 84.367 · Through Pennsylvania Department of Education$52K

Plus 4 smaller programs.

The auditor reported no findings.

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$21.4M
Ln 12
Fees for servicesLn 2g$19.7M
Gifts and grantsLn 1h$1.6M
Other incomeLn 4–11$50K
Money outPt IX
$20.2M
Ln 25
Programscol B$17.0M
Managementcol C$3.2M
Owns and owesPt X
$1.2M
net assets · Ln 32
Cash and savingsLn 1–2$15.7M
Total assetsLn 16$52.9M
LiabilitiesLn 26$51.7M
PeoplePt VI, VII
15
listed · VII A
PaidVII A6
Voting boardVI 1a9
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.6M
Government grantsLn 1e$1.6M
Noncash giftsLn 1g$13K
Fees for servicesLn 2g$19.7M
Investment incomeLn 3$4K
Other incomeLn 4–11$50K
Total revenueLn 12$21.4M
Assets in detailPt X, end of year
CashLn 1$12.5M
SavingsLn 2$3.2M
Cash and savings togetherLn 1–2$15.7M
Accounts receivableLn 4$2.5M
Prepaid expenses and deferred chargesLn 9$302K
Land, buildings, equipmentLn 10c$30.5M
Other assetsLn 15$3.9M
Total assetsLn 16$52.9M
LiabilitiesLn 26$51.7M
Net assetsLn 32$1.2M
OperationsPt I, VI
EmployeesI 5242
VolunteersI 6132
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14Yes
3More from this return
BondsSch K, Pt X
Tax-exempt bond debt owedX 20$26.8M
Bond issues listedSch K Pt I1
Raised by those issuesSch K Pt I$23.3M
4Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$16.8M$15.7M
Land, buildings, equipmentLn 10c$31.0M$30.5M
Total assetsLn 16$52.0M$52.9M
LiabilitiesLn 26$52.0M$51.7M
Net assetsLn 32$16K$1.2M
5Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of officers and key staff (Part IX, line 5)Ln 5$259K$233K$26K
Other salaries and wagesLn 7$9.5M$8.5M$977K
Pension plan contributionsLn 8$3.0M$2.7M$303K
Other employee benefitsLn 9$1.3M$1.2M$130K
Payroll taxesLn 10$732K$659K$73K
Legal feesLn 11b$39K$39K
Accounting feesLn 11c$32K$32K
Other fees for servicesLn 11g$309K$280K$28K
Advertising and promotionLn 12$9K$9K
Office expensesLn 13$127K$127K
Information technologyLn 14$415K$374K$42K
OccupancyLn 16$827K$744K$83K
InterestLn 20$1.3M$1.3M
Depreciation, depletion and amortizationLn 22$1.4M$1.4M
InsuranceLn 23$160K$160K
Other expenses (24a–d)Ln 24$643K$625K$18K
Total functional expensesLn 25$20.2M$17.0M$3.2M$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled with the IRS Feb 5, 2026 $29.9M$24.1M$5.8M$16.4M 990 PDF
FY2024Filed with the IRS Mar 20, 2025 $27.2M$23.1M$4.1M$10.9M 990 PDF
FY2023Filed with the IRS Mar 25, 2024 $24.3M$21.5M$2.9M$6.8M 990 PDF
FY2022Filed with the IRS Dec 22, 2022 $23.8M$21.1M$2.7M$3.9M 990 PDF
FY2021 ViewingFiled with the IRS Nov 19, 2021 $21.4M$20.2M$1.2M$1.2M 990 PDF
FY2020Filed with the IRS Apr 20, 2021 $20.1M$20.8M−$715K$16K 990 PDF

Schedules filed Part IV

A · Public support I · Grants J · Pay O · Explanations
See the full FY2021 990
Part I · Summary $21,371,625 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,064,115$1,594,632
I-9 Program service revenuePrior year $18,749,481$19,723,939
I-10 Investment incomePrior year $118,424$3,539
I-11 Other revenuePrior year $160,369$49,515
I-12 Total revenuePrior year $20,092,389$21,371,625
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 $15,010,728$14,842,597
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $5,796,613$5,328,789
I-18 Total expensesPrior year $20,807,341$20,171,386
I-19 Revenue less expensesPrior year −$714,952$1,200,239
Part VI · Governance 9 of 9 board members independent, 1 to look at
VI-1a Voting members of the governing body9
VI-1b Independent voting members9
VI-13 Written whistleblower policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $21,371,625 across 7 lines filed
VIII-1e Government grants$1,594,632
VIII-1g Noncash contributions (included above)$12,774
VIII-1h Total contributions, gifts and grants$1,594,632
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $19,723,939$19,723,939
VIII-3 Investment incomeExcluded from tax $3,539$3,539
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $49,515$49,515
VIII-12 Total revenueRelated to mission $19,723,939 · Unrelated business $0 · Excluded from tax $53,054$21,371,625
Part IX · Statement of functional expenses $20,171,386 across 16 lines filed
IX-5 Pay of officers and key staff (Part IX, line 5)Programs $232,979 · Management $25,887$258,866
IX-7 Other salaries and wagesPrograms $8,537,719 · Management $977,398$9,515,117
IX-8 Pension plan contributionsPrograms $2,730,225 · Management $303,358$3,033,583
IX-9 Other employee benefitsPrograms $1,172,636 · Management $130,293$1,302,929
IX-10 Payroll taxesPrograms $658,892 · Management $73,210$732,102
IX-11b Legal feesManagement $38,598$38,598
IX-11c Accounting feesManagement $32,325$32,325
IX-11g Other fees for servicesPrograms $280,410 · Management $28,404$308,814
IX-12 Advertising and promotionManagement $9,314$9,314
IX-13 Office expensesManagement $127,439$127,439
IX-14 Information technologyPrograms $373,795 · Management $41,533$415,328
IX-16 OccupancyPrograms $744,067 · Management $82,674$826,741
IX-20 InterestManagement $1,333,225$1,333,225
IX-22 Depreciation, depletion and amortizationPrograms $1,434,203$1,434,203
IX-23 InsurancePrograms $159,677$159,677
IX-24 Other expenses (24a–d)Programs $625,442 · Management $17,683$643,125
IX-25 Total functional expensesPrograms $16,950,045 · Management $3,221,341 · Fundraising $0$20,171,386
Part X · Balance sheet $52,872,363 assets, 17 lines filed
X-1 Cash, non-interest-bearingStart of year $13,559,687$12,470,033
X-2 Savings and temporary cash investmentsStart of year $3,223,907$3,221,407
X-4 Accounts receivableStart of year $343,224$2,494,672
X-9 Prepaid expenses and deferred chargesStart of year $154,789$301,770
X-10c Land, buildings and equipment, netStart of year $31,001,830$30,531,624
X-15 Other assetsStart of year $3,737,654$3,852,857
X-16 Total assetsStart of year $52,021,091$52,872,363
X-17 Accounts payable and accrued expensesStart of year $2,154,711$1,733,734
X-19 Deferred revenueStart of year $20,195$17,755
X-20 Tax-exempt bond liabilitiesStart of year $27,527,938$26,841,884
X-25 Other liabilitiesStart of year $22,302,496$23,063,000
X-26 Total liabilitiesStart of year $52,005,340$51,656,373
X-29 Capital stock or trust principalStart of year $0$0
X-30 Paid-in or capital surplusStart of year $3,779,129$7,642,232
X-31 Retained earnings or endowmentStart of year −$3,763,378−$6,426,242
X-32 Total net assets or fund balancesStart of year $15,751$1,215,990
X-33 Total liabilities and net assetsStart of year $52,021,091$52,872,363
Part XI · Reconciliation of net assets $1,215,990 net assets at year end
XI-1 Total revenue$21,371,625
XI-2 Total expenses$20,171,386
XI-3 Revenue less expenses$1,200,239
XI-4 Net assets at start of year$15,751
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,215,990

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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