September School INC

Boulder, COUnknown exempt organization EIN 23-7303107Revenue $1.1M in FY2023Latest filing we have: 2022. Newer ones may not be in our data yet. Filed since? Tell us.

On file with the IRSBoulder, CO

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Education Facility

Form 990 Part I, line 1, FY2023. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 23-7303107) · Dispute this line
89¢ of each $1 spent went to programs.
Run by 20 volunteers and 20 employees.
Mission: Form 990 Part I, line 1 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2023 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2023
latest Form 990
The latest return is for FY2023, 3 tax years back.
IRS e-file · Filing history
Surplus or deficit
0 of 4
filings with a surplus
Average deficit $195K a year · 23% of revenue · last 4 filings
A surplus in 0 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
89%
of spending
89% of spending went to programs.
Pt IX · Ln 25 · col B
1.0 mo
of spending, in cash
1.0 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
3
named funders · $73K
3 funders name it on their filings.
Funders’ Sch. I, 990-PF
Liabilities
$1.1M
33% of total assets
Liabilities are 33% of assets.
Pt X · Ln 26
Independent board members
5
of 5 voting members
5 of 5 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$1.1M
+12% vs prior year
Spent
$1.6M
To programs
89%
Net assets
$2.1M
By yearFY2020–FY2023
Revenue
$1.1M
FY2023▲ +12%
Tap a bar for its year
Revenue by fiscal year
FY2020$649K
FY2021$609K
FY2022$1.0M
FY2023$1.1M
Expenses
$1.6M
FY2023▲ +51%
Tap a bar for its year
Expenses by fiscal year
FY2020$710K
FY2021$868K
FY2022$1.0M
FY2023$1.6M
Net assets
$2.1M
FY2023▼ -17%
Tap a bar for its year
Net assets by fiscal year
FY2020$2.8M
FY2021$2.6M
FY2022$2.5M
FY2023$2.1M

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

Is it real?

Yes. Exemption reinstated (2014-01-15). Per the IRS revocation list. Latest filing we have: FY2022.

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

Where the money goes

89 cents of each dollar spent went to programs.

Program services 89% · $1.4M Management & general 10% · $161K Fundraising 1% · $16K

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

5 people listed on the 990.

Part VII, Section A · reportable compensation
Vice Chair
$0Pt VII · Sec A
Board Chair
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
See September School INC 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

September School INC is a nonprofit organization based in Boulder, CO.

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1 program · $1.4M · in their own filed words · FY2022
01

Senior High School for Approximately 30 students

Form 990 Part III, line 4, FY2022. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 23-7303107) · Dispute this line
$1.4Mprogram 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 · FY2024
Total grants receivedfrom 3 funders$73K
See all 3 funders →

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$1.1M
Ln 12
Fees for servicesLn 2g$995K
Gifts and grantsLn 1h$106K
Other incomeLn 4–11$35K
Money outPt IX
$1.6M
Ln 25
Programscol B$1.4M
Managementcol C$161K
Fundraisingcol D$16K
Owns and owesPt X
$2.1M
net assets · Ln 32
Cash and savingsLn 1–2$133K
Total assetsLn 16$3.1M
LiabilitiesLn 26$1.1M
PeoplePt VI, VII
5
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$106K
Fees for servicesLn 2g$995K
Investment incomeLn 3$848
Other incomeLn 4–11$35K
Total revenueLn 12$1.1M
Assets in detailPt X, end of year
CashLn 1$133K
Cash and savings togetherLn 1–2$133K
Accounts receivableLn 4$38K
Land, buildings, equipmentLn 10c$3.0M
Intangible assetsLn 14$8K
Total assetsLn 16$3.1M
LiabilitiesLn 26$1.1M
Net assetsLn 32$2.1M
OperationsPt I, VI
EmployeesI 520
VolunteersI 620
Fiscal year endsHeaderAugust
Conflict-of-interest policyVI 12aNo
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$133K
Land, buildings, equipmentLn 10c$3.0M
Total assetsLn 16$0$3.1M
LiabilitiesLn 26$0$1.1M
Net assetsLn 32$0$2.1M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of officers and key staff (Part IX, line 5)Ln 5$251K$251K$0$0
Pay of disqualified personsLn 6$768K$768K$0$0
Other employee benefitsLn 9$1K$1K$0$0
Payroll taxesLn 10$79K$79K$0$0
Management feesLn 11a$32K$18K$15K$0
Legal feesLn 11b$280$0$280$0
Accounting feesLn 11c$11K$4K$6K$0
Advertising and promotionLn 12$16K$0$0$16K
Office expensesLn 13$29K$19K$10K$0
OccupancyLn 16$110K$110K$0$0
TravelLn 17$31K$0$31K$0
Conferences, conventions and meetingsLn 19$23K$0$23K$0
InterestLn 20$20K$0$20K$0
Depreciation, depletion and amortizationLn 22$101K$62K$39K$0
InsuranceLn 23$60K$44K$16K$0
Other expenses (24a–d)Ln 24$38K$37K$830$0
Total functional expensesLn 25$1.6M$1.4M$161K$16K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2023 Latest ViewingFiled with the IRS Jul 14, 2024 $1.1M$1.6M−$435K$2.1M 990 PDF
FY2022Filed with the IRS Jul 14, 2024 $1.0M$1.0M−$27K$2.5M 990 PDF
FY2021Filed with the IRS Apr 26, 2022 $609K$868K−$258K$2.6M 990 PDF
FY2020Filed with the IRS Feb 25, 2021 $649K$710K−$61K$2.8M 990 PDF

Schedules filed Part IV

I · Grants O · Explanations
See the full FY2023 990
Part I · Summary $1,136,720 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $20,648$105,533
I-9 Program service revenuePrior year $894,520$995,139
I-10 Investment incomePrior year $1,507$848
I-11 Other revenuePrior year $96,999$35,200
I-12 Total revenuePrior year $1,013,674$1,136,720
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $775,395$1,099,136
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $264,793$472,191
I-18 Total expensesPrior year $1,040,188$1,571,327
I-19 Revenue less expensesPrior year −$26,514−$434,607
Part VI · Governance 5 of 5 board members independent, 3 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members5
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $1,136,720 across 6 lines filed
VIII-1f All other contributions, gifts and grants$105,533
VIII-1h Total contributions, gifts and grants$105,533
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Unrelated business $0 · Excluded from tax $0$995,139
VIII-3 Investment incomeUnrelated business $848 · Excluded from tax $0$848
VIII-6 Net rental income or lossUnrelated business $35,200$35,200
VIII-12 Total revenueRelated to mission $995,139 · Unrelated business $36,048 · Excluded from tax $0$1,136,720
Part IX · Statement of functional expenses $1,571,327 across 16 lines filed
IX-5 Pay of officers and key staff (Part IX, line 5)Programs $251,013 · Management $0 · Fundraising $0$251,013
IX-6 Pay of disqualified personsPrograms $768,363 · Management $0 · Fundraising $0$768,363
IX-9 Other employee benefitsPrograms $1,170 · Management $0 · Fundraising $0$1,170
IX-10 Payroll taxesPrograms $78,590 · Management $0 · Fundraising $0$78,590
IX-11a Management feesPrograms $17,951 · Management $14,522 · Fundraising $0$32,473
IX-11b Legal feesPrograms $0 · Management $280 · Fundraising $0$280
IX-11c Accounting feesPrograms $4,215 · Management $6,335 · Fundraising $0$10,550
IX-12 Advertising and promotionPrograms $0 · Management $0 · Fundraising $16,227$16,227
IX-13 Office expensesPrograms $19,041 · Management $10,080 · Fundraising $0$29,121
IX-16 OccupancyPrograms $110,400 · Management $0 · Fundraising $0$110,400
IX-17 TravelPrograms $0 · Management $31,447 · Fundraising $0$31,447
IX-19 Conferences, conventions and meetingsPrograms $0 · Management $23,129 · Fundraising $0$23,129
IX-20 InterestPrograms $0 · Management $19,940 · Fundraising $0$19,940
IX-22 Depreciation, depletion and amortizationPrograms $62,457 · Management $38,874 · Fundraising $0$101,331
IX-23 InsurancePrograms $43,950 · Management $15,708 · Fundraising $0$59,658
IX-24 Other expenses (24a–d)Programs $36,805 · Management $830 · Fundraising $0$37,635
IX-25 Total functional expensesPrograms $1,393,955 · Management $161,145 · Fundraising $16,227$1,571,327
Part X · Balance sheet $3,144,420 assets, 13 lines filed
X-1 Cash, non-interest-bearing$133,494
X-4 Accounts receivable$38,201
X-10c Land, buildings and equipment, net$2,964,725
X-14 Intangible assets$8,000
X-16 Total assetsStart of year $0$3,144,420
X-17 Accounts payable and accrued expenses$148,005
X-19 Deferred revenue$54,946
X-23 Secured mortgages and notes payable$704,913
X-24 Unsecured notes and loans payable$145,000
X-26 Total liabilitiesStart of year $0$1,052,864
X-27 Net assets without donor restrictions$2,091,556
X-32 Total net assets or fund balancesStart of year $0$2,091,556
X-33 Total liabilities and net assetsStart of year $0$3,144,420
Part XI · Reconciliation of net assets $2,091,556 net assets at year end
XI-1 Total revenue$1,136,720
XI-2 Total expenses$1,571,327
XI-3 Revenue less expenses−$434,607
XI-4 Net assets at start of year$2,526,163
XI-10 Net assets at end of year$2,091,556

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

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