Menlo Park Academy: Nonprofit Profile, Financials & Form 990 (EIN 26-3020224)

Revenue by fiscal year
FY2020	$6.8M
FY2021	$6.3M
FY2022	$6.5M
FY2023	$5.6M
FY2024	$5.3M
FY2025	$4.3M

Expenses by fiscal year
FY2020	$5.9M
FY2021	$6.4M
FY2022	$6.3M
FY2023	$5.9M
FY2024	$5.1M
FY2025	$11.2M

Net assets by fiscal year
FY2020	$4.8M
FY2021	$4.7M
FY2022	$4.9M
FY2023	$4.6M
FY2024	$4.9M
FY2025	−$2.0M

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jun 2009.

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

Where the money goes

100 cents of each dollar spent went to programs.

100%

Program services 100% · $11.2M

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

6 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII

Shruti Aring

Board Member

$0Pt VII · Sec A

Sam Sherwood

Board Member

$0Pt VII · Sec A

Teri Harrison

Board Chair

$0Pt VII · Sec A

Jeffrey Sugalski

Board Member

$0Pt VII · Sec A

Twana Rogers

Board Member

$0Pt VII · Sec A

Tiffany Randle

Board Member

$0Pt VII · Sec A

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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

Develops gifted learners' potential through rewarding experiences nurturing the whole child.

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Provided by the organization

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1 program · $11.2M · in their own filed words · FY2024

01

The school focuses on each of the following concepts individually: public community school with open enrollment and no tuition; is designed for gifted learners as defined by the state of Ohio; offers exemplary curriculum with the appropriate acceleration and differentiation; offers rewarding experiences to build student self confidence…

$11.2Mprogram 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 · FY2025

Swagelok FoundationFY2025$2K

Total grants receivedfrom 1 funder$2K

By the numbers

The FY2025 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$4.3M

Ln 12

Gifts and grantsLn 1h$4.3M

Money outPt IX

$11.2M

Ln 25

Programscol B$11.2M

Owns and owesPt X

−$2.0M

net assets · Ln 32

Cash and savingsLn 1–2$1.3M

Total assetsLn 16$9.4M

LiabilitiesLn 26$11.4M

PeoplePt VI, VII

6

listed · VII A

PaidVII A0

Voting boardVI 1a6

IndependentVI 1b6

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$4.3M

Government grantsLn 1e$0

Noncash giftsLn 1g$0

Fundraising eventsLn 1c$0

Total revenueLn 12$4.3M

Assets in detailPt X, end of year

CashLn 1$1.3M

Cash and savings togetherLn 1–2$1.3M

Land, buildings, equipmentLn 10c$6.5M

Other assetsLn 15$1.0M

Total assetsLn 16$9.4M

LiabilitiesLn 26$11.4M

Net assetsLn 32−$2.0M

OperationsPt I, VI

EmployeesI 559

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

Line	Start FY25	End FY25
Cash and savingsLn 1–2	$1.4M	$1.3M
Land, buildings, equipmentLn 10c	$14.1M	$6.5M
Total assetsLn 16	$18.0M	$9.4M
LiabilitiesLn 26	$13.1M	$11.4M
Net assetsLn 32	$4.9M	−$2.0M

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Other salaries and wagesLn 7	$1.7M	$1.7M
Other employee benefitsLn 9	−$20K	−$20K
Legal feesLn 11b	$55K	$55K
Accounting feesLn 11c	$86K	$86K
Other fees for servicesLn 11g	$983K	$983K
Advertising and promotionLn 12	$7K	$7K
OccupancyLn 16	$112K	$112K
InterestLn 20	$229K	$229K
Depreciation, depletion and amortizationLn 22	$221K	$221K
InsuranceLn 23	$25K	$25K
Other expenses (24a–d)Ln 24	$7.6M	$7.6M	$0	$0
All other expensesLn 24e	$140K	$140K
Total functional expensesLn 25	$11.2M	$11.2M	$0	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2025 Latest Viewing	$4.3M	$11.2M	−$6.8M	−$2.0M	990 PDF
FY2024	$5.3M	$5.1M	$267K	$4.9M	990 PDF
FY2023	$5.6M	$5.9M	−$318K	$4.6M	990 PDF
FY2022	$6.5M	$6.3M	$177K	$4.9M	990 PDF
FY2021	$6.3M	$6.4M	−$63K	$4.7M	990 PDF
FY2020	$6.8M	$5.9M	$917K	$4.8M	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 FY2025 990 (6 parts)

Part I · Summary $4,339,845 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $5,328,340$4,339,845

I-9 Program service revenuePrior year $0$0

I-10 Investment incomePrior year $0$0

I-11 Other revenuePrior year $0$0

I-12 Total revenuePrior year $5,328,340$4,339,845

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 $2,007,567$1,660,459

I-16a Professional fundraising feesPrior year $0$0

I-17 Other expensesPrior year $3,053,864$9,493,731

I-18 Total expensesPrior year $5,061,431$11,154,190

I-19 Revenue less expensesPrior year $266,909−$6,814,345

Part VI · Governance 6 of 6 board members independent, no flags

VI-1a Voting members of the governing body6

VI-1b Independent voting members6

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 $4,339,845 across 9 lines filed

VIII-1a Federated campaigns$0

VIII-1b Membership dues$0

VIII-1c Fundraising events$0

VIII-1d Related organizations$0

VIII-1e Government grants$0

VIII-1f All other contributions, gifts and grants$4,339,845

VIII-1g Noncash contributions (included above)$0

VIII-1h Total contributions, gifts and grants$4,339,845

VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$4,339,845

Part IX · Statement of functional expenses $11,154,190 across 12 lines filed

IX-7 Other salaries and wagesPrograms $1,680,412$1,680,412

IX-9 Other employee benefitsPrograms −$19,953−$19,953

IX-11b Legal feesPrograms $55,063$55,063

IX-11c Accounting feesPrograms $85,890$85,890

IX-11g Other fees for servicesPrograms $983,109$983,109

IX-12 Advertising and promotionPrograms $6,920$6,920

IX-16 OccupancyPrograms $111,847$111,847

IX-20 InterestPrograms $229,328$229,328

IX-22 Depreciation, depletion and amortizationPrograms $220,800$220,800

IX-23 InsurancePrograms $25,458$25,458

IX-24 Other expenses (24a–d)Programs $7,635,450 · Management $0 · Fundraising $0$7,635,450

IX-24e All other expensesPrograms $139,866$139,866

IX-25 Total functional expensesPrograms $11,154,190 · Management $0 · Fundraising $0$11,154,190

Part X · Balance sheet $9,389,466 assets, 14 lines filed

Asset lines not itemized here account for $353,819; see the IRS return.

X-1 Cash, non-interest-bearingStart of year $1,351,365$1,280,125

X-3 Pledges and grants receivableStart of year $15,397$5,846

X-4 Accounts receivableStart of year $273,956$241,493

X-10c Land, buildings and equipment, netStart of year $14,064,889$6,483,361

X-15 Other assetsStart of year $1,530,057$1,024,822

X-16 Total assetsStart of year $17,985,748$9,389,466

X-17 Accounts payable and accrued expensesStart of year $499,231$384,687

X-24 Unsecured notes and loans payableStart of year $7,343,946$6,526,412

X-25 Other liabilitiesStart of year $5,291,739$4,441,880

X-26 Total liabilitiesStart of year $13,134,916$11,352,979

X-27 Net assets without donor restrictionsStart of year $4,850,832−$1,963,513

X-28 Net assets with donor restrictionsStart of year $0$0

X-32 Total net assets or fund balancesStart of year $4,850,832−$1,963,513

X-33 Total liabilities and net assetsStart of year $17,985,748$9,389,466

Part XI · Reconciliation of net assets −$1,963,513 net assets at year end

XI-1 Total revenue$4,339,845

XI-2 Total expenses$11,154,190

XI-3 Revenue less expenses−$6,814,345

XI-4 Net assets at start of year$4,850,832

XI-5 Net unrealized gains (losses) on investments$0

XI-6 Donated services and use of facilities$0

XI-7 Investment expenses$0

XI-8 Prior period adjustments$0

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year−$1,963,513

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

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Menlo Park Academy

Before you give

Is it real?

Where the money goes

Who runs it and what they're paid

Questions the 990 asks

Programs and updates

Questions for Menlo Park Academy

Funders

Grants

By the numbers

Filing history

Schedules filed Part IV