Thomas Maclaren School FY2021 filing

Tax-deductible

Colorado Spgs, CO501(c)(3)Since 2007EducationEIN 26-0505334Revenue $9.9M in FY2021

On file with the IRSmaclarenschool.org1702 N Murray Blvd, 80915-1333 · Colorado Spgs, COTax-exempt since Jul 2009School — 170(b)(1)(A)(ii)

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To provide quality education to grades K-12 through students.

501(c)(3) charity; gifts are tax-deductible.
85¢ of each $1 spent went to programs.
$234K 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
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
3 of 5
filings with a surplus
Average surplus $883K a year · 7% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
85%
of spending
Looks good: 85% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$234K
to officers and key staff · 3% of spending
Looks good: pay to officers and key staff is 3% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
6 mo
of spending, in cash
Looks good: 5.9 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $116K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$17.1M
152% of total assets
Concern: liabilities are 152% of assets; over 80%.
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
$9.9M
Spent
$8.2M
To programs
85%
Net assets
−$5.8M
By yearFY2021–FY2025
Revenue
$9.9M
FY2021
Tap a bar for its year
Revenue by fiscal year
FY2021$9.9M
FY2022$9.6M
FY2023$11.6M
FY2024$13.1M
FY2025$16.2M
Expenses
$8.2M
FY2021
Tap a bar for its year
Expenses by fiscal year
FY2021$8.2M
FY2022$8.0M
FY2023$12.4M
FY2024$13.2M
FY2025$14.2M
Net assets
−$5.8M
FY2021
Tap a bar for its year
Net assets by fiscal year
FY2021−$5.8M
FY2022−$4.2M
FY2023−$4.9M
FY2024−$5.1M
FY2025−$3.0M

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

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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 Jul 2009.

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

Where the money goes

85 cents of each dollar spent went to programs.

Program services 85% · $7.0M Management & general 15% · $1.2M

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

11 people listed on the 990; $234K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
Executive Director
$95,004Pt VII · Sec A
Head of Lower School
$75,281Pt VII · Sec A
Head of Upper School
$63,676Pt VII · Sec A
Board Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Chair
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A

Mary Faith Hall’s $120K as Executive Director is at the 6th 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 · 4 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021
Mary Faith Hall$120,435$114,725$102,200$95,529$95,004
Nicolas Alvarado-Greenwood————$75,281
Bridget Rector$75,125————
Benjamin Labadie————$63,676

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

Educates K-12 students with quality learning opportunities.

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Provided by the organization

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1 program · $7.0M · in their own filed words · FY2020
01

Providing quality education services to grades K-12 students.

$7.0Mprogram 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 · FY2024
Total grants receivedfrom 2 funders$116K

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$9.9M
Ln 12
Fees for servicesLn 2g$7.3M
Gifts and grantsLn 1h$2.6M
Other incomeLn 4–11$10K
Money outPt IX
$8.2M
Ln 25
Programscol B$7.0M
Managementcol C$1.2M
Owns and owesPt X
−$5.8M
net assets · Ln 32
Cash and savingsLn 1–2$4.0M
Total assetsLn 16$11.2M
LiabilitiesLn 26$17.1M
PeoplePt VI, VII
11
listed · VII A
PaidVII A3
Voting boardVI 1a8
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$2.6M
Government grantsLn 1e$2.3M
Fees for servicesLn 2g$7.3M
Investment incomeLn 3$4K
Other incomeLn 4–11$10K
Total revenueLn 12$9.9M
Assets in detailPt X, end of year
CashLn 1$4.0M
SavingsLn 2$0
Cash and savings togetherLn 1–2$4.0M
Land, buildings, equipmentLn 10c$385K
Other assetsLn 15$6.4M
Total assetsLn 16$11.2M
LiabilitiesLn 26$17.1M
Net assetsLn 32−$5.8M
OperationsPt I, VI
EmployeesI 5206
VolunteersI 60
Fiscal year endsHeaderJune
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 FY21End FY21
Cash and savingsLn 1–2$6.4M$4.0M
Land, buildings, equipmentLn 10c$13.7M$385K
Total assetsLn 16$25.3M$11.2M
LiabilitiesLn 26$35.2M$17.1M
Net assetsLn 32−$9.8M−$5.8M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$279K$237K$42K
Other salaries and wagesLn 7$4.4M$3.7M$643K
Pension plan contributionsLn 8$720K$648K$72K
Other employee benefitsLn 9$477K$406K$70K
Payroll taxesLn 10$78K$66K$11K
Management feesLn 11a$143K$143K
Legal feesLn 11b$4K$4K
Accounting feesLn 11c$12K$12K
Other fees for servicesLn 11g$28K$28K
Advertising and promotionLn 12$6K$6K$622
Office expensesLn 13$21K$19K$2K
Information technologyLn 14$8K$7K$764
OccupancyLn 16$918K$826K$92K
Depreciation, depletion and amortizationLn 22$48K$48K
InsuranceLn 23$71K$64K$7K
Other expenses (24a–d)Ln 24$1.0M$966K$76K
Total functional expensesLn 25$8.2M$7.0M$1.2M$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $16.2M$14.2M$2.0M−$3.0M 990 PDF
FY2024 $13.1M$13.2M−$138K−$5.1M 990 PDF
FY2023 $11.6M$12.4M−$798K−$4.9M 990 PDF
FY2022 $9.6M$8.0M$1.6M−$4.2M 990 PDF
FY2021 Viewing $9.9M$8.2M$1.7M−$5.8M 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 FY2021 990 (6 parts)
Part I · Summary $9,927,548 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,196,804$2,580,042
I-9 Program service revenuePrior year $7,270,237$7,332,848
I-10 Investment incomePrior year $25,491$4,180
I-11 Other revenuePrior year $15,429$10,478
I-12 Total revenuePrior year $8,507,961$9,927,548
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 $6,394,568$5,919,884
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $2,919,781$2,300,085
I-18 Total expensesPrior year $9,314,349$8,219,969
I-19 Revenue less expensesPrior year −$806,388$1,707,579
Part VI · Governance 8 of 8 board members independent, no flags
VI-1a Voting members of the governing body8
VI-1b Independent voting members8
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 $9,927,548 across 7 lines filed
VIII-1e Government grants$2,318,693
VIII-1f All other contributions, gifts and grants$261,349
VIII-1h Total contributions, gifts and grants$2,580,042
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $7,332,848$7,332,848
VIII-3 Investment incomeExcluded from tax $4,180$4,180
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $10,478$10,478
VIII-12 Total revenueRelated to mission $7,343,326 · Unrelated business $0 · Excluded from tax $4,180$9,927,548
Part IX · Statement of functional expenses $8,219,969 across 16 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $237,308 · Management $41,878$279,186
IX-7 Other salaries and wagesPrograms $3,723,694 · Management $642,804$4,366,498
IX-8 Pension plan contributionsPrograms $647,739 · Management $71,971$719,710
IX-9 Other employee benefitsPrograms $406,314 · Management $70,234$476,548
IX-10 Payroll taxesPrograms $66,455 · Management $11,487$77,942
IX-11a Management feesManagement $142,871$142,871
IX-11b Legal feesManagement $3,550$3,550
IX-11c Accounting feesManagement $12,450$12,450
IX-11g Other fees for servicesManagement $27,545$27,545
IX-12 Advertising and promotionPrograms $5,598 · Management $622$6,220
IX-13 Office expensesPrograms $18,978 · Management $2,109$21,087
IX-14 Information technologyPrograms $6,879 · Management $764$7,643
IX-16 OccupancyPrograms $826,107 · Management $91,790$917,897
IX-22 Depreciation, depletion and amortizationPrograms $47,614$47,614
IX-23 InsurancePrograms $63,814 · Management $7,090$70,904
IX-24 Other expenses (24a–d)Programs $966,018 · Management $76,286$1,042,304
IX-25 Total functional expensesPrograms $7,016,518 · Management $1,203,451 · Fundraising $0$8,219,969
Part X · Balance sheet $11,238,962 assets, 16 lines filed
X-1 Cash, non-interest-bearingStart of year $3,863,018$4,014,550
X-2 Savings and temporary cash investmentsStart of year $2,511,033$0
X-4 Accounts receivableStart of year $246,087$333,773
X-9 Prepaid expenses and deferred chargesStart of year $62,742$123,490
X-10c Land, buildings and equipment, netStart of year $13,685,146$384,793
X-15 Other assetsStart of year $4,973,627$6,382,356
X-16 Total assetsStart of year $25,341,653$11,238,962
X-17 Accounts payable and accrued expensesStart of year $430,234$476,232
X-19 Deferred revenueStart of year $399,603$7,523
X-24 Unsecured notes and loans payableStart of year $1,063,300$0
X-25 Other liabilitiesStart of year $33,298,428$16,592,338
X-26 Total liabilitiesStart of year $35,191,565$17,076,093
X-27 Net assets without donor restrictionsStart of year −$6,984,980−$6,079,131
X-28 Net assets with donor restrictionsStart of year −$2,864,932$242,000
X-32 Total net assets or fund balancesStart of year −$9,849,912−$5,837,131
X-33 Total liabilities and net assetsStart of year $25,341,653$11,238,962
Part XI · Reconciliation of net assets −$5,837,131 net assets at year end
XI-1 Total revenue$9,927,548
XI-2 Total expenses$8,219,969
XI-3 Revenue less expenses$1,707,579
XI-4 Net assets at start of year−$9,849,912
XI-9 Other changes in net assets$2,305,202
XI-10 Net assets at end of year−$5,837,131

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

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