Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jan 1984.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
76 cents of each dollar spent went to programs.
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
17 people listed on the 990; $271K paid to officers and key staff.
David Lee’s $199K as Head of School is at the 82nd 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
| Name | FY2024 | FY2024 | FY2023 | FY2022 |
|---|---|---|---|---|
| David Lee | $198,684 | $174,965 | $161,962 | $161,962 |
| Greg Palkowski | $119,270 | $111,470 | $107,320 | — |
| Audrey Perrott | — | — | $1,950 | — |
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.
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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
Fosters student confidence, compassion, and a lifelong love of learning.
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Daycroft provides a personalized learning environment that appreciates individual differences, nurtures the whole child, and enables students to develop at their own pace and achieve to their full potential to approximately 166 students.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2023 990, line by line.
Download 990
| Line | Start FY23 | End FY23 |
|---|---|---|
| Cash and savingsLn 1–2 | $2.7M | $2.9M |
| Land, buildings, equipmentLn 10c | $1.5M | $1.6M |
| Total assetsLn 16 | $4.3M | $4.7M |
| LiabilitiesLn 26 | $1.2M | $872K |
| Net assetsLn 32 | $3.1M | $3.8M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Pay of current officers, directors and key staffLn 5 | $333K | $247K | $66K | $20K |
| Other salaries and wagesLn 7 | $1.6M | $1.2M | $304K | $94K |
| Pension plan contributionsLn 8 | $27K | $20K | $6K | $2K |
| Other employee benefitsLn 9 | $162K | $117K | $35K | $11K |
| Payroll taxesLn 10 | $136K | $102K | $26K | $8K |
| Legal feesLn 11b | $1K | $283 | $847 | |
| Accounting feesLn 11c | $3K | $3K | ||
| Other fees for servicesLn 11g | $3K | $3K | ||
| Advertising and promotionLn 12 | $18K | $15K | $1K | $1K |
| Office expensesLn 13 | $23K | $15K | $4K | $4K |
| Information technologyLn 14 | $27K | $21K | $5K | $802 |
| OccupancyLn 16 | $218K | $192K | $26K | |
| TravelLn 17 | $16K | $16K | ||
| InterestLn 20 | $9K | $9K | ||
| Depreciation, depletion and amortizationLn 22 | $101K | $90K | $11K | |
| Other expenses (24a–d)Ln 24 | $258K | $213K | $44K | $2K |
| All other expensesLn 24e | $81K | $59K | $2K | $20K |
| Total functional expensesLn 25 | $3.0M | $2.3M | $547K | $162K |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 | $3.8M | $3.4M | $322K | $4.1M | 990 PDF |
| FY2023 Viewing | $3.6M | $3.0M | $653K | $3.8M | 990 PDF |
| FY2022 | $3.7M | $2.6M | $1.1M | $3.1M | 990 PDF |
| FY2021 | $2.2M | $2.0M | $270K | $2.0M | 990 PDF |
| FY2020 | $2.9M | $2.1M | $715K | $1.7M | 990 PDF |
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Schedules filed Part IV
See the full FY2023 990 (6 parts)
Part I · Summary $3,623,737 revenue, 12 lines filed
Part VI · Governance 14 of 15 board members independent, 1 to look at
Part VIII · Statement of revenue $3,623,737 across 11 lines filed
Part IX · Statement of functional expenses $2,970,446 across 17 lines filed
Part X · Balance sheet $4,651,637 assets, 15 lines filed
Part XI · Reconciliation of net assets $3,779,504 net assets at year end
Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File
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