The Walden School FY2023 filing

Tax-deductible

San Francisco, CA501(c)(3)Since 1972Arts & CultureEIN 35-2374612Revenue $1.2M in FY2023

On file with the IRSwaldenschool.org7 Joost Ave Ste 204, 94131-3272 · San Francisco, CATax-exempt since May 2010School — 170(b)(1)(A)(ii)

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The Walden School inspires artistic expression and personal growth through experiential music programs.

501(c)(3) charity; gifts are tax-deductible.
70¢ of each $1 spent went to programs.
$100K 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

FY2023 · 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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 5
filings with a surplus
Average surplus $35K a year · 3% 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
70%
of spending
Fine: 70% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$100K
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
<1 mo
of spending, in cash
Concern: 0.3 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $408K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$302K
30% of total assets
Looks good: liabilities are 30% of assets; 50% or less.
Pt X · Ln 26
Independent board members
16
of 16 voting members
Looks good: 16 of 16 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.2M
-18% vs prior year
Spent
$1.2M
To programs
70%
Net assets
$690K
By yearFY2020–FY2024
Revenue
$1.2M
FY2023▼ -18%
Tap a bar for its year
Revenue by fiscal year
FY2020$546K
FY2021$1.0M
FY2022$1.5M
FY2023$1.2M
FY2024$1.2M
FY2024$1.7M
Expenses
$1.2M
FY2023▲ +11%
Tap a bar for its year
Expenses by fiscal year
FY2020$488K
FY2021$1.0M
FY2022$1.1M
FY2023$1.2M
FY2024$1.5M
FY2024$1.5M
Net assets
$690K
FY2023▲ +3%
Tap a bar for its year
Net assets by fiscal year
FY2020$303K
FY2021$282K
FY2022$673K
FY2023$690K
FY2024$440K
FY2024$738K

From the FY2023 Form 990 (year ending September 2023) · figures checked against the IRS filing · see the original

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You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in May 2010.

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

Where the money goes

70 cents of each dollar spent went to programs.

Program services 70% · $819K Management & general 18% · $211K Fundraising 12% · $145K

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

19 people listed on the 990; $100K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
Executive Director
$100,000Pt VII · Sec A
Vice Chair
$0Pt VII · Sec A
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director (through 7/2023)
$0Pt VII · Sec A

Seth Brenzel’s $110K as Executive Director is at the 40th percentile of top reported officer pay among 3924 $1–10M arts & culture 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

NameFY2024FY2024FY2023FY2022FY2021FY2020
Seth Brenzel$110,000$100,000$100,000$99,999$97,500$95,000

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.

See The Walden 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 artistic expression and personal growth through hands-on music programs.

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Provided by the organization

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3 programs · $813K · in their own filed words · FY2022
01

The walden school young musicians program provides an unparalleled creative summer experience for musically inclined students ages 9 to 19. Part school, part camp, and part festival, the program convenes each summer for five weeks in dublin, NH.

$597Kprogram expense
02

The walden school creative musicians retreat (CMR) offers training and development opportunities for the well-rounded musicians (ages 18+). At the creative musicians retreat (CMR), participants take classes (including courses in the walden schools musicianship course), sing in the chorus, write music, and improvise.

$173Kprogram expense
03

The walden school hosts various alumni events throughout the year, designed to connect alumni to retain a vibrant connection to the organization.

$43Kprogram 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 · FY2025
Total grants receivedfrom 1 funder$408K
Grants paid · 6 grants · $725K · 2019–2024
Unitemized GrantFY2024$200,150
Unitemized GrantFY2023$184,700
Unitemized GrantFY2022$95,350
Unitemized GrantFY2021$110,700
Unitemized GrantFY2020$124,200
Unitemized GrantFY2019$9,700

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$1.2M
Ln 12
Gifts and grantsLn 1h$592K
Fees for servicesLn 2g$586K
Investment incomeLn 3$10K
Money outPt IX
$1.2M
Ln 25
Programscol B$819K
Managementcol C$211K
Fundraisingcol D$145K
Owns and owesPt X
$690K
net assets · Ln 32
Cash and savingsLn 1–2$33K
Total assetsLn 16$993K
LiabilitiesLn 26$302K
PeoplePt VI, VII
19
listed · VII A
PaidVII A1
Voting boardVI 1a16
IndependentVI 1b16
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$592K
Noncash giftsLn 1g$160K
Fees for servicesLn 2g$586K
Investment incomeLn 3$10K
Gains on assetsLn 7$1K
Total revenueLn 12$1.2M
Assets in detailPt X, end of year
CashLn 1$24K
SavingsLn 2$9K
Cash and savings togetherLn 1–2$33K
InvestmentsLn 11–13$864K
Other assetsLn 15$78K
Total assetsLn 16$993K
LiabilitiesLn 26$302K
Net assetsLn 32$690K
OperationsPt I, VI
EmployeesI 540
VolunteersI 635
Fiscal year endsHeaderSeptember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$206K$33K
InvestmentsLn 11–13$648K$864K
Total assetsLn 16$879K$993K
LiabilitiesLn 26$206K$302K
Net assetsLn 32$673K$690K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$95K$95K
Pay of current officers, directors and key staffLn 5$100K$45K$30K$25K
Other salaries and wagesLn 7$272K$175K$33K$63K
Other employee benefitsLn 9$29K$17K$5K$7K
Legal feesLn 11b$413$188$225
Accounting feesLn 11c$19K$19K
Other fees for servicesLn 11g$83K$58K$20K$5K
Advertising and promotionLn 12$53K$39K$14K
Office expensesLn 13$53K$29K$16K$8K
OccupancyLn 16$203K$179K$17K$7K
TravelLn 17$44K$27K$10K$6K
Conferences, conventions and meetingsLn 19$2K$2K$85
InterestLn 20$602$602
InsuranceLn 23$21K$21K
Other expenses (24a–d)Ln 24$175K$146K$6K$23K
All other expensesLn 24e$24K$5K$18K$754
Total functional expensesLn 25$1.2M$819K$211K$145K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $1.2M$1.5M−$276K$440K 990 PDF
FY2023 Viewing $1.2M$1.2M$12K$690K 990 PDF
FY2022 $1.5M$1.1M$392K$673K 990 PDF
FY2021 $1.0M$1.0M−$10K$282K 990 PDF
FY2020 $546K$488K$58K$303K 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 FY2023 990 (6 parts)
Part I · Summary $1,186,918 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $967,464$591,651
I-9 Program service revenuePrior year $480,325$586,260
I-10 Investment incomePrior year $2,189$9,872
I-11 Other revenuePrior year $1,121−$865
I-12 Total revenuePrior year $1,451,099$1,186,918
I-13 Grants and similar amounts paidPrior year $110,700$95,350
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $374,710$401,275
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $573,705$678,552
I-18 Total expensesPrior year $1,059,115$1,175,177
I-19 Revenue less expensesPrior year $391,984$11,741
Part VI · Governance 16 of 16 board members independent, 2 to look at
VI-1a Voting members of the governing body16
VI-1b Independent voting members16
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $1,186,918 across 8 lines filed
Lines not itemized here account for −$5,366 of total revenue; see the IRS return.
VIII-1f All other contributions, gifts and grants$591,651
VIII-1g Noncash contributions (included above)$159,627
VIII-1h Total contributions, gifts and grants$591,651
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $586,260$586,260
VIII-3 Investment incomeExcluded from tax $8,739$8,739
VIII-7 Net gain or loss on sales of assetsExcluded from tax $1,133$1,133
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $4,501$4,501
VIII-12 Total revenueRelated to mission $580,894 · Unrelated business $0 · Excluded from tax $14,373$1,186,918
Part IX · Statement of functional expenses $1,175,177 across 16 lines filed
IX-2 Grants to domestic individualsPrograms $95,350$95,350
IX-5 Pay of current officers, directors and key staffPrograms $45,000 · Management $30,000 · Fundraising $25,000$100,000
IX-7 Other salaries and wagesPrograms $175,330 · Management $33,313 · Fundraising $63,188$271,831
IX-9 Other employee benefitsPrograms $17,447 · Management $5,014 · Fundraising $6,983$29,444
IX-11b Legal feesPrograms $188 · Management $225$413
IX-11c Accounting feesManagement $19,024$19,024
IX-11g Other fees for servicesPrograms $58,142 · Management $20,043 · Fundraising $4,552$82,737
IX-12 Advertising and promotionPrograms $39,019 · Management $13,987$53,006
IX-13 Office expensesPrograms $28,862 · Management $16,279 · Fundraising $8,278$53,419
IX-16 OccupancyPrograms $178,580 · Management $16,949 · Fundraising $7,493$203,022
IX-17 TravelPrograms $27,058 · Management $10,211 · Fundraising $6,479$43,748
IX-19 Conferences, conventions and meetingsPrograms $2,280 · Management $85$2,365
IX-20 InterestManagement $602$602
IX-23 InsuranceManagement $21,009$21,009
IX-24 Other expenses (24a–d)Programs $146,209 · Management $6,204 · Fundraising $22,653$175,066
IX-24e All other expensesPrograms $5,196 · Management $18,191 · Fundraising $754$24,141
IX-25 Total functional expensesPrograms $818,661 · Management $211,136 · Fundraising $145,380$1,175,177
Part X · Balance sheet $992,517 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $197,377$24,303
X-2 Savings and temporary cash investmentsStart of year $9,106$9,108
X-3 Pledges and grants receivableStart of year −$1,050$7,100
X-4 Accounts receivable$9,950
X-11 Publicly traded securitiesStart of year $647,999$864,124
X-15 Other assetsStart of year $25,872$77,932
X-16 Total assetsStart of year $879,304$992,517
X-17 Accounts payable and accrued expensesStart of year $206,210$258,837
X-25 Other liabilitiesStart of year $0$43,593
X-26 Total liabilitiesStart of year $206,210$302,430
X-27 Net assets without donor restrictionsStart of year $557,468$448,770
X-28 Net assets with donor restrictionsStart of year $115,626$241,317
X-32 Total net assets or fund balancesStart of year $673,094$690,087
X-33 Total liabilities and net assetsStart of year $879,304$992,517
Part XI · Reconciliation of net assets $690,087 net assets at year end
XI-1 Total revenue$1,186,918
XI-2 Total expenses$1,175,177
XI-3 Revenue less expenses$11,741
XI-4 Net assets at start of year$673,094
XI-5 Net unrealized gains (losses) on investments$1,708
XI-8 Prior period adjustments$3,544
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$690,087

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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