Intrinsic Schools FY2023 filing

Tax-deductible

Chicago, IL501(c)(3)Since 2012EducationEIN 45-5454261

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The mission of Intrinsic Schools is to create a revolutionary new school model in order to 1) prepare all students for postsecondary success and world-changing endeavors; and 2) provide the education community with a roadmap to sustainable implementation.

501(c)(3) charity; gifts are tax-deductible.
90¢ of each $1 spent went to programs.
$922K 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
5 of 5
filings with a surplus
Average surplus $1.1M a year · 4% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
90%
of spending
Looks good: 90% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$922K
to officers and key staff · 3% of spending
Looks good: pay to officers and key staff is 3% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
4 mo
of spending, in cash
Looks good: 3.8 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
10
named funders · $14.5M
Looks good: 10 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$59.1M
77% of total assets
Worth a look: liabilities are 77% of assets; over 65%.
Pt X · Ln 26
Independent board members
8
of 8 voting members
Looks good: 8 of 8 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$32.7M
+15% vs prior year
Spent
$31.0M
To programs
90%
Net assets
$18.0M
By yearFY2020–FY2024
Revenue
$32.7M
FY2023▲ +15%
Revenue by fiscal year
FY2020$18.9M
FY2021$21.2M
FY2022$28.4M
FY2023$32.7M
FY2024$35.2M
FY2024$42.2M
Expenses
$31.0M
FY2023▲ +14%
Expenses by fiscal year
FY2020$17.9M
FY2021$20.5M
FY2022$27.2M
FY2023$31.0M
FY2024$34.3M
FY2024$37.7M
Net assets
$18.0M
FY2023▲ +11%
Net assets by fiscal year
FY2020$14.4M
FY2021$15.0M
FY2022$16.2M
FY2023$18.0M
FY2024$18.9M
FY2024$23.4M

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

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in May 2013.

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

Where the money goes

90 cents of each dollar spent went to programs.

Program services 90% · $27.8M Management & general 10% · $3.0M Fundraising 1% · $164K

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

14 people listed on the 990; $922K 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
$188,015Pt VII · Sec A
$167,737Pt VII · Sec A
Dir of Personalized Learning
$150,334Pt VII · Sec A
$149,094Pt VII · Sec A
Chief of Schools
$137,513Pt VII · Sec A
Dir of Communications and Community
$129,595Pt VII · Sec A
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A

Melissa Megliola’s $203K as CEO is at the 38th 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

NameFY2024FY2024FY2023FY2022FY2021FY2020
Melissa Megliola$203,370$201,018————
Melissa Zaikos——$188,015$165,169$161,521$158,560
Tim Ligue$179,518$177,748$167,737$148,421$144,466$140,860
Barry Rodgers$172,864$167,490————
Ami Gandhi$170,778$166,075$150,334$124,792$120,255$120,720
Michelle Trojan$164,127$150,990$149,094$122,700$118,726$115,017
Daena Barrett Adams$159,746$156,065$137,513———
Luz Hernandez——$129,595$134,130——

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 Intrinsic Schools 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

Prepares students for success and shares a roadmap for implementing new educational models.

Provided by the organization

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1 program service account for $27.8M of program spending, described in the organization's own filed words · FY2022.
01

The school is a public charter school that promises to integrate technology into teaching and learning in order to personalize the experience for each student. Each student will have an individual mobile device.

$27.8Mprogram expense

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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 10 funders →
Grants paid · 6 grants · $2.1M · 2019–2024
Unitemized GrantFY2024$1,069,639
Unitemized GrantFY2023$580,853
Unitemized GrantFY2022$200,839
Unitemized GrantFY2021$118,252
Unitemized GrantFY2020$68,840
Unitemized GrantFY2019$34,463

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$32.7M
Ln 12
Gifts and grantsLn 1h$32.5M
Fees for servicesLn 2g$237K
Other incomeLn 4–11$24K
Money outPt IX
$31.0M
Ln 25
Programscol B$27.8M
Managementcol C$3.0M
Fundraisingcol D$164K
Owns and owesPt X
$18.0M
net assets · Ln 32
Cash and savingsLn 1–2$9.7M
Total assetsLn 16$77.1M
LiabilitiesLn 26$59.1M
PeoplePt VI, VII
14
listed · VII A
PaidVII A6
Voting boardVI 1a8
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$32.5M
Government grantsLn 1e$28.1M
Fees for servicesLn 2g$237K
Investment incomeLn 3$410
Other incomeLn 4–11$24K
Total revenueLn 12$32.7M
Assets in detailPt X, end of year
CashLn 1$9.7M
Cash and savings togetherLn 1–2$9.7M
Land, buildings, equipmentLn 10c$28.7M
Other assetsLn 15$37.1M
Total assetsLn 16$77.1M
LiabilitiesLn 26$59.1M
Net assetsLn 32$18.0M
OperationsPt I, VI
EmployeesI 5321
VolunteersI 624
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
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$5.3M$9.7M
Land, buildings, equipmentLn 10c$29.9M$28.7M
Total assetsLn 16$40.3M$77.1M
LiabilitiesLn 26$24.1M$59.1M
Net assetsLn 32$16.2M$18.0M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$201K$201K
Pay of current officers, directors and key staffLn 5$207K$165K$41K
Other salaries and wagesLn 7$15.4M$14.8M$638K$66
Pension plan contributionsLn 8$1.1M$1.1M$14K−$929
Other employee benefitsLn 9$1.5M$1.4M$71K$3K
Payroll taxesLn 10$626K$574K$49K$3K
Legal feesLn 11b$62K$62K
Accounting feesLn 11c$148K$148K
Other fees for servicesLn 11g$1.3M$826K$517K$625
Advertising and promotionLn 12$174K$67K$108K
Office expensesLn 13$990K$666K$323K$1K
Information technologyLn 14$529K$389K$140K
OccupancyLn 16$3.3M$3.1M$181K$8K
TravelLn 17$699K$687K$12K
InterestLn 20$1.2M$1.1M$60K$3K
Depreciation, depletion and amortizationLn 22$1.8M$1.7M$89K$4K
InsuranceLn 23$94K$89K$5K$234
Other expenses (24a–d)Ln 24$1.6M$1.2M$437K
All other expensesLn 24e$116K$15K$100K
Total functional expensesLn 25$31.0M$27.8M$3.0M$164K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $35.2M$34.3M$932K$18.9M 990 PDF
FY2023 Viewing $32.7M$31.0M$1.8M$18.0M 990 PDF
FY2022 $28.4M$27.2M$1.2M$16.2M 990 PDF
FY2021 $21.2M$20.5M$635K$15.0M 990 PDF
FY2020 $18.9M$17.9M$1.0M$14.4M 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 (4 parts)
Part VIII · Statement of revenue $32,748,254 across 7 lines filed
VIII-1e Government grants$28,145,308
VIII-1f All other contributions, gifts and grants$4,341,447
VIII-1h Total contributions, gifts and grants$32,486,755
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $237,411$237,411
VIII-3 Investment incomeExcluded from tax $410$410
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $23,678$23,678
VIII-12 Total revenueRelated to mission $237,411 · Unrelated business $0 · Excluded from tax $24,088$32,748,254
Part IX · Statement of functional expenses $30,965,328 across 19 lines filed
IX-2 Grants to domestic individualsPrograms $200,839$200,839
IX-5 Pay of current officers, directors and key staffManagement $165,461 · Fundraising $41,366$206,827
IX-7 Other salaries and wagesPrograms $14,780,708 · Management $637,887 · Fundraising $66$15,418,661
IX-8 Pension plan contributionsPrograms $1,085,299 · Management $13,715 · Fundraising −$929$1,098,085
IX-9 Other employee benefitsPrograms $1,389,569 · Management $71,401 · Fundraising $2,864$1,463,834
IX-10 Payroll taxesPrograms $573,686 · Management $48,934 · Fundraising $2,938$625,558
IX-11b Legal feesManagement $61,941$61,941
IX-11c Accounting feesManagement $147,848$147,848
IX-11g Other fees for servicesPrograms $825,707 · Management $516,970 · Fundraising $625$1,343,302
IX-12 Advertising and promotionPrograms $66,581 · Management $107,683$174,264
IX-13 Office expensesPrograms $665,985 · Management $322,776 · Fundraising $1,281$990,042
IX-14 Information technologyPrograms $389,499 · Management $139,567$529,066
IX-16 OccupancyPrograms $3,076,651 · Management $180,715 · Fundraising $7,867$3,265,233
IX-17 TravelPrograms $687,049 · Management $11,763$698,812
IX-20 InterestPrograms $1,116,017 · Management $59,896 · Fundraising $2,938$1,178,851
IX-22 Depreciation, depletion and amortizationPrograms $1,661,810 · Management $89,188 · Fundraising $4,375$1,755,373
IX-23 InsurancePrograms $88,918 · Management $4,772 · Fundraising $234$93,924
IX-24 Other expenses (24a–d)Programs $1,160,217 · Management $436,930$1,597,147
IX-24e All other expensesManagement $15,447 · Fundraising $100,274$115,721
IX-25 Total functional expensesPrograms $27,768,535 · Management $3,032,894 · Fundraising $163,899$30,965,328
Part X · Balance sheet $77,136,667 assets, 15 lines filed
X-1 Cash, non-interest-bearingStart of year $5,258,010$9,687,029
X-3 Pledges and grants receivableStart of year $2,688,779$1,369,759
X-9 Prepaid expenses and deferred chargesStart of year $158,628$302,415
X-10c Land, buildings and equipment, netStart of year $29,936,956$28,707,929
X-15 Other assetsStart of year $2,289,134$37,069,535
X-16 Total assetsStart of year $40,331,507$77,136,667
X-17 Accounts payable and accrued expensesStart of year $1,731,096$1,753,721
X-19 Deferred revenueStart of year $6,100$2,250
X-20 Tax-exempt bond liabilitiesStart of year $19,320,843$18,970,757
X-25 Other liabilitiesStart of year $3,065,810$38,419,355
X-26 Total liabilitiesStart of year $24,123,849$59,146,083
X-27 Net assets without donor restrictionsStart of year $15,738,739$17,314,993
X-28 Net assets with donor restrictionsStart of year $468,919$675,591
X-32 Total net assets or fund balancesStart of year $16,207,658$17,990,584
X-33 Total liabilities and net assetsStart of year $40,331,507$77,136,667
Part XI · Reconciliation of net assets $17,990,584 net assets at year end
XI-1 Total revenue$32,748,254
XI-2 Total expenses$30,965,328
XI-3 Revenue less expenses$1,782,926
XI-4 Net assets at start of year$16,207,658
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$17,990,584

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

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