Schools for Salone EIN 26-1157489 Form 990 (PDF) Claim this org

Schools for Salone

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Improves education in Sierra Leone by working with local communities. For fiscal year 2024 it reported $799K in revenue, $721K in expenses, and $590K in net assets.Pt I

Type
Public charity (501(c)(3)) · Education
Location
Seattle, WA
Website
www.schoolsforsalone.org
Filings
5 on file (2020–2024)
Revenue
$799KFY2024
Expenses
$721K
Net assets
$590K
People
8
Filings
5
Updates
0
More identity details & actions ⌄
EIN  26-1157489 Public charity (501(c)(3)) Seattle, WA
Form 990 (PDF)
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Size
$100K–1M
What they do
Improves education in Sierra Leone by working with local communities.
Leadership
Cindy Nofziger · Executive Director · $94K
Money in and out
$799K revenue, $721K expenses
Bottom line
82% program efficiency
Where the money goes · FY2024
Total revenue
$799K
Pt VIII · Ln 12
Total expenses
$721K
Pt IX · Ln 25
Net assets
$590K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $78K
Where spending went · Part IX cols B–D
Program services $0.82 Management & general $0.08 Fundraising $0.10
Program efficiency
82%
of spending reaches programs▲ +9% vs prior filing year
Operating runway
10.0mo
months of highly liquid reserves at operating expense rate▲ +8% vs prior filing year
Surplus margin
+10%
revenue over expenses, this year▲ ×94 vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$799K
FY2024▲ +19%
Expenses
$721K
FY2024▲ +8%
Total assets
$604K
FY2024▲ +17%
Total liabilities
$13K
FY2024▲ +45%
Total revenue
$799K
Pt VIII · Ln 12
Total expenses
$721K
Pt IX · Ln 25
Net assets
$590K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$78K
Total assetsPt X · Ln 16$604K
Program-expense ratioPt IX · col B82%
Voting members of governing bodyPt I · Ln 37
Independent voting membersPt I · Ln 47

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CSchools for Salone
EINHdr · item D26-1157489
Principal addressHdr · item CSeattle, WA
WebsiteHdr · item Jwww.schoolsforsalone.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MWA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEducation (B120)
Ruling yearIRS BMFJun 2008

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a7
Independent voting membersPt VI · Ln 1b7
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Executive Director
$93,600Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
President
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A

Cindy Nofziger’s $94K as Executive Director is at the 80th percentile of top reported officer pay among 1615 $100K–1M 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 · 1 named individual · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Cindy Nofziger$93,600$97,800$90,000$70,000$60,000

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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Mission & Programs · Part III

Where the work happens

3 program services account for $256K of program spending, described in the organization's own filed words · FY2024.
01

School Support

Through our school support program, in 2024 schools for salone and its partner organizations constructed two primary schools (including a well and latrines) in underserved communities in sierra leone (pentagon and musaia). We also repaired a latrine and equipped one of the new schools with a solar-power system.

$122Kprogram expense
02

Girls Program

Schools for salone supports girls' education by working with uman tok, a sierra leonean non-profit organization that provides sexual reproductive health education to students and reusable menstrual pads to girls to ensure they do not miss school due to their period.

$74Kprogram expense
03

Teacher supportin 2024, schools for salone's partner organization, the learning foundation, conducted literacy training workshops for 51 teachers and lead remedial reading clubs for 685 students and 19 TEACHERS.ADDITIONALLY, SFS partnered with the sierra leone book trust to implement the inspiring readers programme which brings library…

$60Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants$791K · 99%
Investment income$19K · 2%
Contributions & grants99%$791K
Investment income2%$19K
Total revenueLn 12$799K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.82 Management & general $0.08 Fundraising $0.10
Program services82%$594K
Management & general8%$58K
Fundraising10%$69K
Total functional expensesLn 25$721K

Balance Sheet

Part X · end of year
CashLn 1$144K
Total assetsLn 16$604K
Total liabilitiesLn 26$13K
Total net assetsLn 32$590K
Months of cash on handcomputed2.4

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $597K · Operating expenses (Pt IX) $721K · Less non-cash grants $2K · Cash operating expenses/yr $719K
10.0 months
Where the money goes
Program services
Program services $594K · Total expenses $721K
82%
Management & General
Management & general $58K · Total expenses $721K
8%
Fundraising
Fundraising $69K · Total expenses $721K
10%
Cost to raise $1
Fundraising expense (3-yr avg) $93K · Solicited contributions (3-yr avg) $658K
$0.14 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $791K · Total revenue $799K
99%
Government reliance
Government grants — · Total revenue $799K
Earned-income share
Program service revenue $0 · Total revenue $799K
0%
Investment reliance
Investment income $19K · Total revenue $799K
+2%
Program self-sufficiency
Program service revenue $0 · Total expenses $721K
0%
Growth & trend
Revenue growth (YoY)
This year $799K · Prior year $669K
+19%
Revenue CAGR
FY2020 $716K · FY2024 $799K
+3%
Net-asset trend (YoY)
End of year $590K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $799K · Expenses $721K
+10%
Liabilities-to-Assets
Total liabilities — · Total assets $604K
Net-asset ratio
Net assets $590K · Total assets $604K
98%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $453K · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $604K
75%
People & payroll
Highest Reported Total Compensation
Individual Cindy Nofziger · Reported title EXECUTIVE DIRECTOR · Highest reported compensation $94K · Total expenses $721K
13%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $227K · Total expenses $721K
31%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 82%
Overhead ratio 8%
Fundraising cost ratio 9%
Revenue growth 19%
Accounting fee ratio 3%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2024
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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$799K revenue · viewing · ⤓ 990 PDF
FY2023$669K revenue · ⤓ 990 PDF
FY2022$596K revenue · ⤓ 990 PDF
FY2021$752K revenue · ⤓ 990 PDF
FY2020$716K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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