The Primary School FY2022 filing

Tax-deductible

E Palo Alto, CA501(c)(3)Since 2019EducationEIN 37-1975407

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Improve education, health, and family support services throughout the united states.

501(c)(3) charity; gifts are tax-deductible.
53¢ of each $1 spent went to programs.
$710K 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

FY2022 · 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
1 of 3
filings with a surplus
Average surplus $339K a year · 4% of revenue · last 3 filings
Worth a look: a surplus in 1 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Spent on programs
53%
of spending
Worth a look: 53% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$710K
to officers and key staff · 13% of spending
Looks good: pay to officers and key staff is 13% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
2 mo
of spending, in cash
Fine: 1.6 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $78K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$660K
21% of total assets
Looks good: liabilities are 21% of assets; 50% or less.
Pt X · Ln 26
Independent board members
3
of 3 voting members
Looks good: 3 of 3 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$8.2M
Spent
$5.7M
To programs
53%
Net assets
$2.6M
By yearFY2022–FY2024
Revenue
$8.2M
FY2022
Revenue by fiscal year
FY2022$8.2M
FY2023$3.7M
FY2024$16.5M
FY2024$9.4M
Expenses
$5.7M
FY2022
Expenses by fiscal year
FY2022$5.7M
FY2023$5.2M
FY2024$16.5M
FY2024$9.8M
Net assets
$2.6M
FY2022
Net assets by fiscal year
FY2022$2.6M
FY2023$1.1M
FY2024$1.0M
FY2024$479K

From the FY2022 Form 990 (year ending June 2022) · figures checked against the IRS filing · see the original

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You’re viewing the FY2022 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 Dec 2020.

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

Where the money goes

53 cents of each dollar spent went to programs.

Program services 53% · $3.0M Management & general 40% · $2.3M Fundraising 7% · $369K

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

13 people listed on the 990; $710K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
Chief Executive Officer
$128,349Pt VII · Sec A
VP of Policy & Growth
$74,585Pt VII · Sec A
VP of Talent, Finance & Operations
$70,193Pt VII · Sec A
Chief of Staff
$66,944Pt VII · Sec A
Medical Director & Senior Advisor
$65,965Pt VII · Sec A
Director of 2-Gen Programming
$64,242Pt VII · Sec A
Chief Operating Officer
$63,739Pt VII · Sec A
Director of School Program
$62,015Pt VII · Sec A

Courtney Garcia’s $229K as Former CEO & President is at the 88th 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 · 8 named individuals · Part VII

NameFY2024FY2024FY2023FY2022
Courtney Garcia$228,706$213,133$247,500$128,349
Lindsey Luebchow$140,131$205,120$218,737$74,585
Jaime Kidd$207,255$70,086——
Jerome Intia$203,159$164,647——
Deepak Kumar—$170,319——
Valentina Helo-Villegas$151,302$169,210$169,930$64,242
Katherine Carter—$154,934$163,007$62,015
Marco Villa Director$150,265———

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 Primary 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

Enhances education, health, and family support services nationwide.

Provided by the organization

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1 program · $3.0M · in their own filed words · FY2021
01

The primary school is expanding the boundaries of traditional education. Our holistic model weaves together education, health and family support services to ensure underserved children have the system of care they need to lead meaningful and emotionally, mentally and physically healthy lives.

$3.0Mprogram 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
Total grants receivedfrom 2 funders$78K
Grants paid · 4 grants · $15.7M · 2023–2024
The Primary School Bay AreaCA · FY2024$275,000
The Primary School Bay AreaCA · FY2023$1,240,000

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$8.2M
Ln 12
Gifts and grantsLn 1h$8.0M
Fees for servicesLn 2g$252K
Money outPt IX
$5.7M
Ln 25
Programscol B$3.0M
Managementcol C$2.3M
Fundraisingcol D$369K
Owns and owesPt X
$2.6M
net assets · Ln 32
Cash and savingsLn 1–2$764K
Total assetsLn 16$3.2M
LiabilitiesLn 26$660K
PeoplePt VI, VII
13
listed · VII A
PaidVII A10
Voting boardVI 1a3
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$8.0M
Fees for servicesLn 2g$252K
Total revenueLn 12$8.2M
Assets in detailPt X, end of year
CashLn 1$764K
Cash and savings togetherLn 1–2$764K
Land, buildings, equipmentLn 10c$24K
Total assetsLn 16$3.2M
LiabilitiesLn 26$660K
Net assetsLn 32$2.6M
OperationsPt I, VI
EmployeesI 533
VolunteersI 68
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 FY22End FY22
Cash and savingsLn 1–2$0$764K
Land, buildings, equipmentLn 10c$0$24K
Total assetsLn 16$0$3.2M
LiabilitiesLn 26$0$660K
Net assetsLn 32$0$2.6M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$947K$280K$589K$78K
Other salaries and wagesLn 7$2.8M$2.0M$603K$183K
Pension plan contributionsLn 8$55K$36K$14K$5K
Other employee benefitsLn 9$194K$124K$55K$14K
Payroll taxesLn 10$276K$165K$90K$21K
Legal feesLn 11b$24K$295$24K
Other fees for servicesLn 11g$372K$217K$133K$21K
Office expensesLn 13$24K$387$24K$47
Information technologyLn 14$211K$27K$174K$9K
OccupancyLn 16$298K$120K$147K$32K
TravelLn 17$18K$10K$8K$442
Conferences, conventions and meetingsLn 19$8K$8K$613
Depreciation, depletion and amortizationLn 22$2K$2K
InsuranceLn 23$40K$40K
Other expenses (24a–d)Ln 24$410K$47K$359K$4K
All other expensesLn 24e$11K$99$10K$430
Total functional expensesLn 25$5.7M$3.0M$2.3M$369K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $16.5M$16.5M−$71K$1.0M 990 PDF
FY2023 $3.7M$5.2M−$1.5M$1.1M 990 PDF
FY2022 Viewing $8.2M$5.7M$2.6M$2.6M 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 FY2022 990 (4 parts)
Part VIII · Statement of revenue $8,213,000 across 4 lines filed
VIII-1f All other contributions, gifts and grants$7,961,000
VIII-1h Total contributions, gifts and grants$7,961,000
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $252,000$252,000
VIII-12 Total revenueRelated to mission $252,000 · Unrelated business $0 · Excluded from tax $0$8,213,000
Part IX · Statement of functional expenses $5,657,041 across 16 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $279,834 · Management $589,096 · Fundraising $78,067$946,997
IX-7 Other salaries and wagesPrograms $1,981,147 · Management $603,059 · Fundraising $183,090$2,767,296
IX-8 Pension plan contributionsPrograms $35,766 · Management $14,024 · Fundraising $5,262$55,052
IX-9 Other employee benefitsPrograms $124,201 · Management $55,417 · Fundraising $14,320$193,938
IX-10 Payroll taxesPrograms $164,861 · Management $90,340 · Fundraising $20,928$276,129
IX-11b Legal feesPrograms $295 · Management $23,711$24,006
IX-11g Other fees for servicesPrograms $217,397 · Management $133,002 · Fundraising $21,425$371,824
IX-13 Office expensesPrograms $387 · Management $23,940 · Fundraising $47$24,374
IX-14 Information technologyPrograms $27,431 · Management $174,362 · Fundraising $8,735$210,528
IX-16 OccupancyPrograms $119,730 · Management $146,520 · Fundraising $31,592$297,842
IX-17 TravelPrograms $10,042 · Management $7,675 · Fundraising $442$18,159
IX-19 Conferences, conventions and meetingsPrograms $7,715 · Management $613$8,328
IX-22 Depreciation, depletion and amortizationManagement $2,087$2,087
IX-23 InsuranceManagement $39,760$39,760
IX-24 Other expenses (24a–d)Programs $46,641 · Management $358,931 · Fundraising $4,242$409,814
IX-24e All other expensesPrograms $99 · Management $10,378 · Fundraising $430$10,907
IX-25 Total functional expensesPrograms $3,015,546 · Management $2,272,915 · Fundraising $368,580$5,657,041
Part X · Balance sheet $3,215,536 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $0$763,793
X-4 Accounts receivableStart of year $0$2,233,360
X-9 Prepaid expenses and deferred chargesStart of year $0$194,346
X-10c Land, buildings and equipment, netStart of year $0$24,037
X-16 Total assetsStart of year $0$3,215,536
X-17 Accounts payable and accrued expensesStart of year $0$632,987
X-19 Deferred revenueStart of year $0$26,590
X-26 Total liabilitiesStart of year $0$659,577
X-27 Net assets without donor restrictions$2,518,294
X-28 Net assets with donor restrictions$37,665
X-32 Total net assets or fund balancesStart of year $0$2,555,959
X-33 Total liabilities and net assetsStart of year $0$3,215,536
Part XI · Reconciliation of net assets $2,555,959 net assets at year end
XI-1 Total revenue$8,213,000
XI-2 Total expenses$5,657,041
XI-3 Revenue less expenses$2,555,959
XI-4 Net assets at start of year$0
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$2,555,959

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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