Our mission is to provide an environment where children of all backgrounds and abilities can share in the joy and discovery of each day; acquire the skills to approach new problems thoughtfully and creatively; develop an appreciation and understanding of other cultures and traditions; and become actively engaged in their communities.

501(c)(3) charity; gifts are tax-deductible.
89¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

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
6 of 6
filings with a surplus
Average surplus $183K a year · 10% of revenue · last 6 filings
Looks good: a surplus in 6 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
89%
of spending
Looks good: 89% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
6 mo
of spending, in cash
Looks good: 6.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $96
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$954
0.1% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
7
of 7 voting members
Looks good: 7 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.3M
Spent
$1.2M
To programs
89%
Net assets
$703K
By yearFY2020–FY2025
Revenue
$1.3M
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$1.3M
FY2021$1.6M
FY2022$1.8M
FY2023$2.3M
FY2024$1.8M
FY2025$1.6M
Expenses
$1.2M
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$1.2M
FY2021$1.4M
FY2022$1.8M
FY2023$1.8M
FY2024$1.6M
FY2025$1.6M
Net assets
$703K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$703K
FY2021$847K
FY2022$890K
FY2023$1.4M
FY2024$1.7M
FY2025$1.7M

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 Sep 2005.

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

Where the money goes

89 cents of each dollar spent went to programs.

Program services 89% · $1.1M Management & general 11% · $128K

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

9 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
Board President & Chair
$0Pt VII · Sec A
Vice-Chair
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Member (through October 2019)
$0Pt VII · Sec A
$0Pt VII · Sec A

Lacey McNay’s $53K as Principal is at the 8th 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 · 2 named individuals · Part VII

NameFY2025FY2023
Lacey McNay$53,000—
Jesse Payne—$18,679

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 Valley Inquiry Charter 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 15aNo

Programs and updates

Educates children of all backgrounds in a joyful, discovery-filled primary school.

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Provided by the organization

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1 program · $1.1M · in their own filed words · FY2019
01

Valley inquiry charter school is an authorized ib world school, offering a unique, innovative, and inquiry-based learning experience for 167 students in grades k-5. It's staff includes 7 teachers and 4 educational assistants who work to challenge our students to be principled, caring, and thinkers.

$1.1Mprogram 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 · FY2023
Total grants receivedfrom 1 funder$96

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$1.3M
Ln 12
Fees for servicesLn 2g$1.3M
Investment incomeLn 3$9K
Gifts and grantsLn 1h$7K
Money outPt IX
$1.2M
Ln 25
Programscol B$1.1M
Managementcol C$128K
Owns and owesPt X
$703K
net assets · Ln 32
Cash and savingsLn 1–2$629K
Total assetsLn 16$704K
LiabilitiesLn 26$954
PeoplePt VI, VII
9
listed · VII A
PaidVII A0
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$7K
Fees for servicesLn 2g$1.3M
Investment incomeLn 3$9K
Other incomeLn 4–11$4K
Total revenueLn 12$1.3M
Assets in detailPt X, end of year
CashLn 1$629K
Cash and savings togetherLn 1–2$629K
Land, buildings, equipmentLn 10c$60K
Total assetsLn 16$704K
LiabilitiesLn 26$954
Net assetsLn 32$703K
OperationsPt I, VI
EmployeesI 523
VolunteersI 625
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$490K$629K
Land, buildings, equipmentLn 10c$68K$60K
Total assetsLn 16$587K$704K
LiabilitiesLn 26$1K$954
Net assetsLn 32$586K$703K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$107K$107K
Other salaries and wagesLn 7$47K$47K
Payroll taxesLn 10$6K$6K
Legal feesLn 11b$558$558
Accounting feesLn 11c$9K$9K
Other fees for servicesLn 11g$931K$925K$6K
Office expensesLn 13$23K$19K$4K
Information technologyLn 14$12K$12K
OccupancyLn 16$9K$9K
TravelLn 17$330$330
Depreciation, depletion and amortizationLn 22$13K$13K
InsuranceLn 23$3K$3K
Other expenses (24a–d)Ln 24$27K$27K
All other expensesLn 24e$2K$2K
Total functional expensesLn 25$1.2M$1.1M$128K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $1.6M$1.6M$20K$1.7M 990 PDF
FY2024 $1.8M$1.6M$262K$1.7M 990 PDF
FY2023 $2.3M$1.8M$513K$1.4M 990 PDF
FY2022 $1.8M$1.8M$43K$890K 990 PDF
FY2021 $1.6M$1.4M$144K$847K 990 PDF
FY2020 Viewing $1.3M$1.2M$118K$703K 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 O · Explanations
See the full FY2020 990 (6 parts)
Part I · Summary $1,308,463 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $11,409$7,057
I-9 Program service revenuePrior year $1,199,136$1,287,836
I-10 Investment incomePrior year $9,786$9,335
I-11 Other revenuePrior year $0$4,235
I-12 Total revenuePrior year $1,220,331$1,308,463
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 $107,396$160,276
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $1,000,967$1,030,549
I-18 Total expensesPrior year $1,108,363$1,190,825
I-19 Revenue less expensesPrior year $111,968$117,638
Part VI · Governance 7 of 7 board members independent, 2 to look at
VI-1a Voting members of the governing body7
VI-1b Independent voting members7
VI-13 Written whistleblower policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $1,308,463 across 6 lines filed
VIII-1f All other contributions, gifts and grants$7,057
VIII-1h Total contributions, gifts and grants$7,057
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,287,836$1,287,836
VIII-3 Investment incomeExcluded from tax $9,335$9,335
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $4,235$4,235
VIII-12 Total revenueRelated to mission $1,292,071 · Unrelated business $0 · Excluded from tax $9,335$1,308,463
Part IX · Statement of functional expenses $1,190,825 across 14 lines filed
IX-5 Pay of current officers, directors and key staffManagement $107,027$107,027
IX-7 Other salaries and wagesPrograms $47,377$47,377
IX-10 Payroll taxesPrograms $5,872$5,872
IX-11b Legal feesManagement $558$558
IX-11c Accounting feesManagement $9,425$9,425
IX-11g Other fees for servicesPrograms $924,690 · Management $6,215$930,905
IX-13 Office expensesPrograms $18,899 · Management $4,461$23,360
IX-14 Information technologyPrograms $11,577$11,577
IX-16 OccupancyPrograms $9,051$9,051
IX-17 TravelPrograms $330$330
IX-22 Depreciation, depletion and amortizationPrograms $13,477$13,477
IX-23 InsurancePrograms $3,074$3,074
IX-24 Other expenses (24a–d)Programs $26,603$26,603
IX-24e All other expensesPrograms $2,189$2,189
IX-25 Total functional expensesPrograms $1,063,139 · Management $127,686 · Fundraising $0$1,190,825
Part X · Balance sheet $704,343 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $490,404$629,371
X-9 Prepaid expenses and deferred charges$15,420
X-10c Land, buildings and equipment, netStart of year $67,629$59,552
X-16 Total assetsStart of year $587,242$704,343
X-17 Accounts payable and accrued expensesStart of year $1,491$954
X-26 Total liabilitiesStart of year $1,491$954
X-32 Total net assets or fund balancesStart of year $585,751$703,389
X-33 Total liabilities and net assetsStart of year $587,242$704,343
Part XI · Reconciliation of net assets $703,389 net assets at year end
XI-1 Total revenue$1,308,463
XI-2 Total expenses$1,190,825
XI-3 Revenue less expenses$117,638
XI-4 Net assets at start of year$585,751
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$703,389

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

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