The mission of Laurel School is to inspire each girl to fulfill her promise and to better the world.

501(c)(3) charity; gifts are tax-deductible.
67¢ of each $1 spent went to programs.
$1.5M 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

FY2024 · 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 $1.6M a year · 6% 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
67%
of spending
Fine: 67% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$1.5M
to officers and key staff · 5% of spending
Looks good: pay to officers and key staff is 5% of spending; 15% or less.
Pt VII · Sec A
2 mo
of spending, in cash
Plus $55.5M in investments, Pt X · Ln 11–13
Fine: 1.6 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
28
named funders · $740K
Looks good: 28 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$19.9M
23% of total assets
Looks good: liabilities are 23% 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
$26.2M
+0.6% vs prior year
Spent
$29.2M
To programs
67%
Net assets
$67.5M
By yearFY2020–FY2025
Revenue
$26.2M
FY2024▲ +0.6%
Tap a bar for its year
Revenue by fiscal year
FY2020$22.8M
FY2021$30.6M
FY2022$34.8M
FY2023$26.0M
FY2024$26.2M
FY2025$31.1M
Expenses
$29.2M
FY2024▲ +2%
Tap a bar for its year
Expenses by fiscal year
FY2020$24.7M
FY2021$24.6M
FY2022$25.3M
FY2023$28.5M
FY2024$29.2M
FY2025$29.7M
Net assets
$67.5M
FY2024+0.4%
Tap a bar for its year
Net assets by fiscal year
FY2020$53.0M
FY2021$69.6M
FY2022$66.8M
FY2023$67.2M
FY2024$67.5M
FY2025$69.2M

From the FY2024 Form 990 (year ending June 2024) · figures checked against the IRS filing · see the original

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You’re viewing the FY2024 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 Dec 1940.

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

Where the money goes

67 cents of each dollar spent went to programs.

Program services 67% · $19.4M Management & general 31% · $8.9M Fundraising 3% · $815K

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

36 people listed on the 990; $1.5M paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
Head of School
$547,700Pt VII · Sec A
Associate Head of School
$183,892Pt VII · Sec A
Associate Head of School
$148,857Pt VII · Sec A
Chief Financial Officer
$146,654Pt VII · Sec A
Director of Human Resources
$123,055Pt VII · Sec A
Director of Facilities
$110,407Pt VII · Sec A
Director of Teaching and Learning
$105,274Pt VII · Sec A
Director of College Guidance
$102,651Pt VII · Sec A

Ann Klotz’s $543K as Head of School is at the 91st 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 · 8 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Ann V Klotz——$534,688$533,280$550,111$457,297
Ann Klotz$542,625$547,700————
Heather Daly$183,370$183,892————
Andrea Ausperk$149,755$146,654$143,011$136,656$56,685—
Rachel Herlein$148,641$148,857————
Diane Brezovec————$92,735$146,358
Allison Grant$136,959$123,055$120,319$105,813——
Kathryn Purcell—————$117,105

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 Laurel School executive salaries →

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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

Inspires girls to reach their potential and improve the world.

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Provided by the organization

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1 program · $19.4M · in their own filed words · FY2023
01

Laurel school foudned in 1896, is a nationally-recognized college preparatory, independent day school for girls, kidergarten through grade 12, with coeducational early childhood program. Laurel school has two campuses affording students opportunities to learn in traditional settings such as labs, studios, and libraries, as well as in our…

$19.4Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
See all 28 funders →
Grants paid · 6 grants · $27.8M · 2019–2024
Unitemized GrantFY2024$5,670,087
Unitemized GrantFY2023$5,419,887
Unitemized GrantFY2022$4,304,257
Unitemized GrantFY2021$4,200,734
Unitemized GrantFY2020$4,213,607
Unitemized GrantFY2019$4,015,594

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$26.2M
Ln 12
Fees for servicesLn 2g$18.5M
Gifts and grantsLn 1h$5.4M
Investment incomeLn 3$2.2M
Money outPt IX
$29.2M
Ln 25
Programscol B$19.4M
Managementcol C$8.9M
Fundraisingcol D$815K
Owns and owesPt X
$67.5M
net assets · Ln 32
Cash and savingsLn 1–2$3.9M
Total assetsLn 16$87.4M
LiabilitiesLn 26$19.9M
PeoplePt VI, VII
36
listed · VII A
PaidVII A8
Voting boardVI 1a28
IndependentVI 1b28
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$5.4M
Government grantsLn 1e$600K
Noncash giftsLn 1g$265K
Fees for servicesLn 2g$18.5M
Investment incomeLn 3$2.2M
Other incomeLn 4–11$115K
Gains on assetsLn 7$666K
Total revenueLn 12$26.2M
Assets in detailPt X, end of year
CashLn 1$1.1M
SavingsLn 2$2.8M
Cash and savings togetherLn 1–2$3.9M
InvestmentsLn 11–13$55.5M
Land, buildings, equipmentLn 10c$24.7M
Other assetsLn 15$865K
Total assetsLn 16$87.4M
LiabilitiesLn 26$19.9M
Net assetsLn 32$67.5M
OperationsPt I, VI
EmployeesI 5353
VolunteersI 655
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 FY24End FY24
Cash and savingsLn 1–2$2.0M$3.9M
InvestmentsLn 11–13$59.1M$55.5M
Land, buildings, equipmentLn 10c$24.0M$24.7M
Total assetsLn 16$87.5M$87.4M
LiabilitiesLn 26$20.3M$19.9M
Net assetsLn 32$67.2M$67.5M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$5.5M$5.5M
Pay of current officers, directors and key staffLn 5$815K$517K$267K$32K
Other salaries and wagesLn 7$10.2M$6.6M$3.4M$259K
Pension plan contributionsLn 8$395K$251K$129K$15K
Other employee benefitsLn 9$2.7M$1.7M$892K$106K
Payroll taxesLn 10$846K$537K$277K$33K
Legal feesLn 11b$85K$85K
Professional fundraising feesLn 11e$144K$144K
Investment management feesLn 11f$291K$291K
Other fees for servicesLn 11g$290K$290K$12
Advertising and promotionLn 12$314K$10K$304K
Office expensesLn 13$265K$7K$242K$16K
Information technologyLn 14$409K$259K$134K$16K
OccupancyLn 16$810K$242K$554K$14K
TravelLn 17$302K$92K$210K
Conferences, conventions and meetingsLn 19$124K$11K$109K$3K
InterestLn 20$1.3M$829K$428K$51K
Depreciation, depletion and amortizationLn 22$974K$617K$319K$38K
InsuranceLn 23$219K$139K$72K$9K
Other expenses (24a–d)Ln 24$3.0M$2.1M$834K$65K
All other expensesLn 24e$148K$44K$88K$16K
Total functional expensesLn 25$29.2M$19.4M$8.9M$815K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $31.1M$29.7M$1.4M$69.2M 990 PDF
FY2024 Viewing $26.2M$29.2M−$3.0M$67.5M 990 PDF
FY2023 $26.0M$28.5M−$2.5M$67.2M 990 PDF
FY2022 $34.8M$25.3M$9.5M$66.8M 990 PDF
FY2021 $30.6M$24.6M$6.0M$69.6M 990 PDF
FY2020 $22.8M$24.7M−$1.9M$53.0M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support M · Noncash J · Pay O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $26,183,828 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $6,753,953$5,363,740
I-9 Program service revenuePrior year $16,789,928$18,458,395
I-10 Investment incomePrior year $2,354,750$2,246,338
I-11 Other revenuePrior year $139,746$115,355
I-12 Total revenuePrior year $26,038,377$26,183,828
I-13 Grants and similar amounts paidPrior year $4,690,285$5,516,418
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $14,579,162$15,005,099
I-16a Professional fundraising feesPrior year $167,689$144,000
I-17 Other expensesPrior year $9,098,180$8,503,989
I-18 Total expensesPrior year $28,535,316$29,169,506
I-19 Revenue less expensesPrior year −$2,496,939−$2,985,678
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 $26,183,828 across 9 lines filed
VIII-1e Government grants$600,441
VIII-1f All other contributions, gifts and grants$4,763,299
VIII-1g Noncash contributions (included above)$264,874
VIII-1h Total contributions, gifts and grants$5,363,740
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $18,458,395$18,458,395
VIII-3 Investment incomeUnrelated business $171,225 · Excluded from tax $1,408,680$1,579,905
VIII-6 Net rental income or lossExcluded from tax $115,355$115,355
VIII-7 Net gain or loss on sales of assetsExcluded from tax $666,433$666,433
VIII-12 Total revenueRelated to mission $18,458,395 · Unrelated business $171,225 · Excluded from tax $2,190,468$26,183,828
Part IX · Statement of functional expenses $29,169,506 across 21 lines filed
IX-2 Grants to domestic individualsPrograms $5,516,418$5,516,418
IX-5 Pay of current officers, directors and key staffPrograms $516,736 · Management $266,803 · Fundraising $31,659$815,198
IX-7 Other salaries and wagesPrograms $6,571,108 · Management $3,392,826 · Fundraising $258,593$10,222,527
IX-8 Pension plan contributionsPrograms $250,676 · Management $129,430 · Fundraising $15,358$395,464
IX-9 Other employee benefitsPrograms $1,727,624 · Management $892,015 · Fundraising $105,847$2,725,486
IX-10 Payroll taxesPrograms $536,529 · Management $277,023 · Fundraising $32,872$846,424
IX-11b Legal feesManagement $84,922$84,922
IX-11e Professional fundraising feesFundraising $144,000$144,000
IX-11f Investment management feesManagement $290,847$290,847
IX-11g Other fees for servicesManagement $289,946 · Fundraising $12$289,958
IX-12 Advertising and promotionPrograms $10,091 · Management $304,042$314,133
IX-13 Office expensesPrograms $6,977 · Management $242,316 · Fundraising $16,147$265,440
IX-14 Information technologyPrograms $259,480 · Management $133,976 · Fundraising $15,898$409,354
IX-16 OccupancyPrograms $242,093 · Management $554,171 · Fundraising $13,835$810,099
IX-17 TravelPrograms $91,693 · Management $210,127$301,820
IX-19 Conferences, conventions and meetingsPrograms $11,410 · Management $109,474 · Fundraising $2,674$123,558
IX-20 InterestPrograms $828,896 · Management $427,979 · Fundraising $50,784$1,307,659
IX-22 Depreciation, depletion and amortizationPrograms $617,448 · Management $318,804 · Fundraising $37,829$974,081
IX-23 InsurancePrograms $138,905 · Management $71,720 · Fundraising $8,510$219,135
IX-24 Other expenses (24a–d)Programs $2,064,813 · Management $834,492 · Fundraising $65,254$2,964,559
IX-24e All other expensesPrograms $44,238 · Management $88,180 · Fundraising $16,006$148,424
IX-25 Total functional expensesPrograms $19,435,135 · Management $8,919,093 · Fundraising $815,278$29,169,506
Part X · Balance sheet $87,357,030 assets, 19 lines filed
X-1 Cash, non-interest-bearingStart of year $1,212,876$1,105,603
X-2 Savings and temporary cash investmentsStart of year $818,464$2,755,792
X-3 Pledges and grants receivableStart of year $741,793$1,361,687
X-4 Accounts receivableStart of year $178,876$116,258
X-9 Prepaid expenses and deferred chargesStart of year $637,279$964,440
X-10c Land, buildings and equipment, netStart of year $23,981,134$24,729,204
X-11 Publicly traded securitiesStart of year $45,627,363$42,345,407
X-12 Other securitiesStart of year $13,438,634$13,113,611
X-15 Other assetsStart of year $827,415$865,028
X-16 Total assetsStart of year $87,463,834$87,357,030
X-17 Accounts payable and accrued expensesStart of year $2,206,502$2,057,156
X-19 Deferred revenueStart of year $1,455,711$1,431,815
X-20 Tax-exempt bond liabilitiesStart of year $15,547,725$15,646,171
X-25 Other liabilitiesStart of year $1,041,481$729,038
X-26 Total liabilitiesStart of year $20,251,419$19,864,180
X-27 Net assets without donor restrictionsStart of year $24,509,907$24,572,999
X-28 Net assets with donor restrictionsStart of year $42,702,508$42,919,851
X-32 Total net assets or fund balancesStart of year $67,212,415$67,492,850
X-33 Total liabilities and net assetsStart of year $87,463,834$87,357,030
Part XI · Reconciliation of net assets $67,492,850 net assets at year end
XI-1 Total revenue$26,183,828
XI-2 Total expenses$29,169,506
XI-3 Revenue less expenses−$2,985,678
XI-4 Net assets at start of year$67,212,415
XI-5 Net unrealized gains (losses) on investments$2,916,057
XI-9 Other changes in net assets$350,056
XI-10 Net assets at end of year$67,492,850

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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