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Sophia Academy FY2020 filing

Tax-deductible

Providence, RI501(c)(3)Since 2001Education EIN 31-1736069Revenue $1.5M in FY2020Latest return filed May 15, 2026

On file with the IRSsophia-academy.orgProvidence, RITax-exempt since Feb 2001School — 170(b)(1)(A)(ii)

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Middle school for girls from low-income families

501(c)(3) charity; gifts are tax-deductible.
73¢ of each $1 spent went to programs.
$125K 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

FY2020 · 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 6
filings with a surplus
Average surplus $632K a year · 27% of revenue · last 6 filings
Worth a look: a surplus in 3 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
73%
of spending
Fine: 73% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$125K
to officers and key staff · 9% of spending
Looks good: pay to officers and key staff is 9% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
8 mo
of spending, in cash
Plus $1.4M in investments, Pt X · Ln 11–13
Looks good: 7.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $21K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$360K
8% of total assets
Looks good: liabilities are 8% of assets; 50% or less.
Pt X · Ln 26
Independent board members
28
of 28 voting members
Looks good: 28 of 28 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.5M
Spent
$1.4M
To programs
73%
Net assets
$4.0M
By yearFY2020–FY2025
Revenue
$1.5M
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$1.5M
FY2021$4.0M
FY2022$4.0M
FY2023$1.4M
FY2024$1.3M
FY2025$1.9M
Expenses
$1.4M
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$1.4M
FY2021$1.7M
FY2022$1.6M
FY2023$1.7M
FY2024$1.7M
FY2025$2.2M
Net assets
$4.0M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$4.0M
FY2021$6.7M
FY2022$8.8M
FY2023$8.6M
FY2024$8.3M
FY2025$7.8M

From the FY2020 Form 990 (year ending June 2020) · figures checked against the IRS filing · see the original

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You’re viewing the FY2020 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 Feb 2001.

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

Where the money goes

73 cents of each dollar spent went to programs.

Program services 73% · $1.0M Management & general 15% · $209K Fundraising 11% · $154K

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

29 people listed on the 990; $125K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
Maura Farrell
Executive Director
$125,000Pt VII · Sec A
Janet Hasson
Vice-President
$0Pt VII · Sec A
Suzanne Magaziner
Second Vice-President
$0Pt VII · Sec A
Kim Perry
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Joy Fox
Board Member
$0Pt VII · Sec A
Dawn Clifton
Board Member
$0Pt VII · Sec A

Marie Myers’s $153K as Head of School is at the 65th percentile of top reported officer pay among 3394 $1–10M 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 · 3 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Marie Myers$152,625—————
Maura Farrell——$131,950$118,529$126,603$125,000
Maria Myers—$92,750————

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 Sophia Academy 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

Educates girls from low-income families, empowering them for future success.

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1 program · $1.0M · in their own filed words · FY2019
01

Middle school for girls from low-income families which opened september, 2001 with 65 girls enrolled. Minimal tuition fees are charged to the families so the funds to operate come mainly from public and private sources.

$1.0Mprogram 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 · FY2025
Scholarships to Economically Poor StudentsFY2025$21K
Total grants receivedfrom 1 funder$21K

By the numbers

The FY2020 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$1.5M
Ln 12
Gifts and grantsLn 1h$1.2M
Other incomeLn 4–11$280K
Investment incomeLn 3$45K
Money outPt IX
$1.4M
Ln 25
Programscol B$1.0M
Managementcol C$209K
Fundraisingcol D$154K
Owns and owesPt X
$4.0M
net assets · Ln 32
Cash and savingsLn 1–2$865K
Total assetsLn 16$4.4M
LiabilitiesLn 26$360K
PeoplePt VI, VII
29
listed · VII A
PaidVII A1
Voting boardVI 1a28
IndependentVI 1b28
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.2M
Government grantsLn 1e$69K
Fees for servicesLn 2g$37K
Investment incomeLn 3$45K
Other incomeLn 4–11$280K
Gains on assetsLn 7$27K
Total revenueLn 12$1.5M
Assets in detailPt X, end of year
CashLn 1$13K
SavingsLn 2$853K
Cash and savings togetherLn 1–2$865K
Pledges and grants receivableLn 3$301K
Accounts receivableLn 4$28K
Prepaid expenses and deferred chargesLn 9$21K
Land, buildings, equipmentLn 10c$1.8M
InvestmentsLn 11–13$1.4M
Total assetsLn 16$4.4M
LiabilitiesLn 26$360K
Net assetsLn 32$4.0M
OperationsPt I, VI
EmployeesI 524
VolunteersI 631
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3More from this return
Investment feesPt IX, Sch D
Investment fees, as reportedPt IX 11f$10K
Share of the $1.4M endowmentSch D 1g0.77%
Typical, median of 1,806 orgs0.44%
EndowmentSch D · Pt V
LineFY20FY19FY18FY17FY16
End of yearLn 1g$1.4M$1.5M$1.3M$1.4M$368K
Given inLn 1b$5K$200K$75K$1.0M
SpentLn 1d–1f$55K
4Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$437K$865K
InvestmentsLn 11–13$1.5M$1.4M
Land, buildings, equipmentLn 10c$1.7M$1.8M
Total assetsLn 16$4.1M$4.4M
LiabilitiesLn 26$240K$360K
Net assetsLn 32$3.8M$4.0M
5Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$832K$607K$108K$117K
Other employee benefitsLn 9$53K$39K$7K$7K
Payroll taxesLn 10$76K$56K$10K$11K
Accounting feesLn 11c$48K$48K
Investment management feesLn 11f$10K$10K
Advertising and promotionLn 12$4K$4K
Office expensesLn 13$8K$4K$5K
Conferences, conventions and meetingsLn 19$40$40
Depreciation, depletion and amortizationLn 22$90K$81K$6K$3K
InsuranceLn 23$24K$22K$110$2K
Other expenses (24a–d)Ln 24$148K$144K$3K$1K
All other expensesLn 24e$69K$49K$15K$4K
Total functional expensesLn 25$1.4M$1.0M$209K$154K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled with the IRS May 15, 2026 $1.9M$2.2M−$327K$7.8M 990 PDF
FY2024Filed with the IRS May 14, 2025 $1.3M$1.7M−$408K$8.3M 990 PDF
FY2023Filed with the IRS May 8, 2024 $1.4M$1.7M−$362K$8.6M 990 PDF
FY2022Filed with the IRS May 11, 2023 $4.0M$1.6M$2.4M$8.8M 990 PDF
FY2021Filed with the IRS May 3, 2022 $4.0M$1.7M$2.3M$6.7M 990 PDF
FY2020 ViewingFiled with the IRS Apr 9, 2021 $1.5M$1.4M$183K$4.0M 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2020 990 (6 parts)
Part I · Summary $1,545,988 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,169,101$1,182,821
I-9 Program service revenuePrior year $38,393$37,415
I-10 Investment incomePrior year $4,615$45,381
I-11 Other revenuePrior year $426,597$280,371
I-12 Total revenuePrior year $1,638,706$1,545,988
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 $919,791$961,034
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $462,711$401,991
I-18 Total expensesPrior year $1,382,502$1,363,025
I-19 Revenue less expensesPrior year $256,204$182,963
Part VI · Governance 28 of 28 board members independent, no flags
VI-1a Voting members of the governing body28
VI-1b Independent voting members28
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 $1,545,988 across 8 lines filed
VIII-1e Government grants$68,678
VIII-1f All other contributions, gifts and grants$1,114,143
VIII-1h Total contributions, gifts and grants$1,182,821
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $37,415$37,415
VIII-3 Investment incomeExcluded from tax $18,543$18,543
VIII-7 Net gain or loss on sales of assetsRelated to mission $26,838$26,838
VIII-8 Net income from fundraising eventsExcluded from tax $280,371$280,371
VIII-12 Total revenueRelated to mission $64,253 · Unrelated business $0 · Excluded from tax $298,914$1,545,988
Part IX · Statement of functional expenses $1,363,025 across 12 lines filed
IX-7 Other salaries and wagesPrograms $606,614 · Management $108,495 · Fundraising $116,594$831,703
IX-9 Other employee benefitsPrograms $38,703 · Management $6,922 · Fundraising $7,439$53,064
IX-10 Payroll taxesPrograms $55,626 · Management $9,949 · Fundraising $10,692$76,267
IX-11c Accounting feesManagement $47,970$47,970
IX-11f Investment management feesManagement $10,491$10,491
IX-12 Advertising and promotionFundraising $4,048$4,048
IX-13 Office expensesPrograms $3,599 · Fundraising $4,739$8,338
IX-19 Conferences, conventions and meetingsPrograms $40$40
IX-22 Depreciation, depletion and amortizationPrograms $81,286 · Management $6,322 · Fundraising $2,710$90,318
IX-23 InsurancePrograms $21,686 · Management $110 · Fundraising $2,078$23,874
IX-24 Other expenses (24a–d)Programs $143,567 · Management $3,230 · Fundraising $1,384$148,181
IX-24e All other expensesPrograms $48,969 · Management $15,447 · Fundraising $4,315$68,731
IX-25 Total functional expensesPrograms $1,000,090 · Management $208,936 · Fundraising $153,999$1,363,025
Part X · Balance sheet $4,364,735 assets, 17 lines filed
X-1 Cash, non-interest-bearingStart of year $36,331$12,580
X-2 Savings and temporary cash investmentsStart of year $400,784$852,828
X-3 Pledges and grants receivableStart of year $522,469$300,711
X-4 Accounts receivableStart of year $3,455$28,281
X-9 Prepaid expenses and deferred chargesStart of year $6,302$20,781
X-10c Land, buildings and equipment, netStart of year $1,664,783$1,784,722
X-12 Other securitiesStart of year $1,453,998$1,364,832
X-16 Total assetsStart of year $4,088,122$4,364,735
X-17 Accounts payable and accrued expensesStart of year $146,978$90,694
X-19 Deferred revenue$12,000
X-24 Unsecured notes and loans payableStart of year $93,333$73,333
X-25 Other liabilitiesStart of year $0$183,500
X-26 Total liabilitiesStart of year $240,311$359,527
X-27 Net assets without donor restrictionsStart of year $1,756,796$2,245,824
X-28 Net assets with donor restrictionsStart of year $2,091,015$1,759,384
X-32 Total net assets or fund balancesStart of year $3,847,811$4,005,208
X-33 Total liabilities and net assetsStart of year $4,088,122$4,364,735
Part XI · Reconciliation of net assets $4,005,208 net assets at year end
XI-1 Total revenue$1,545,988
XI-2 Total expenses$1,363,025
XI-3 Revenue less expenses$182,963
XI-4 Net assets at start of year$3,847,811
XI-5 Net unrealized gains (losses) on investments−$45,566
XI-9 Other changes in net assets$20,000
XI-10 Net assets at end of year$4,005,208

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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