Intrinsic Schools FY2024 filing

Tax-deductible

Chicago, IL501(c)(3)Since 2012EducationEIN 45-5454261Revenue $35.2M in FY2024

On file with the IRSintrinsicschools.org4540 W Belmont Ave, 60641-4541 · Chicago, ILTax-exempt since May 2013School — 170(b)(1)(A)(ii)

This page gets seen. Tell your story. Claim this org.

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.
$1.0M 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

FY2024 · 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
$1.0M
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: 4.2 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
$58.2M
75% of total assets
Worth a look: liabilities are 75% 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
$35.2M
+8% vs prior year
Spent
$34.3M
To programs
90%
Net assets
$18.9M
By yearFY2020–FY2024
Revenue
$35.2M
FY2024▲ +8%
Tap a bar for its year
Revenue by fiscal year
FY2020$18.9M
FY2021$21.2M
FY2022$28.4M
FY2023$32.7M
FY2024$35.2M
FY2024$42.2M
Expenses
$34.3M
FY2024▲ +11%
Tap a bar for its year
Expenses by fiscal year
FY2020$17.9M
FY2021$20.5M
FY2022$27.2M
FY2023$31.0M
FY2024$34.3M
FY2024$37.7M
Net assets
$18.9M
FY2024▲ +5%
Tap a bar for its year
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 FY2024 Form 990 (year ending June 2024) · figures checked against the IRS filing · see the original

Give Claim
You’re viewing the FY2024 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 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% · $31.0M Management & general 9% · $3.1M Fundraising 0% · $167K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Something off? The org can add a note here. Claim this org to fix it.

Who runs it and what they're paid

14 people listed on the 990; $1.0M paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
$201,018Pt VII · Sec A
$177,748Pt VII · Sec A
Principal
$167,490Pt VII · Sec A
Dir of Personalized Learni
$166,075Pt VII · Sec A
Chief of Schools
$156,065Pt VII · Sec A
$150,990Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$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 →

Are you one of these people? Claim this org to confirm your role

Something off? The org can add a note here. Claim this org to fix it.

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.

Questions for Intrinsic Schools

Tap to ask. Intrinsic Schools sees how many people are interested.

Your first name shows with your question. Intrinsic Schools answers here, for everyone.

Provided by the organization

Know this organization? Claim it to add your story

1 program · $31.0M · in their own filed words · FY2023
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.

$31.0Mprogram 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
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 FY2024 990, line by line.

1The main four
Money inPt VIII
$35.2M
Ln 12
Gifts and grantsLn 1h$34.7M
Fees for servicesLn 2g$309K
Investment incomeLn 3$160K
Money outPt IX
$34.3M
Ln 25
Programscol B$31.0M
Managementcol C$3.1M
Fundraisingcol D$167K
Owns and owesPt X
$18.9M
net assets · Ln 32
Cash and savingsLn 1–2$11.9M
Total assetsLn 16$77.2M
LiabilitiesLn 26$58.2M
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$34.7M
Government grantsLn 1e$31.7M
Fees for servicesLn 2g$309K
Investment incomeLn 3$160K
Other incomeLn 4–11$35K
Total revenueLn 12$35.2M
Assets in detailPt X, end of year
CashLn 1$6.9M
SavingsLn 2$5.0M
Cash and savings togetherLn 1–2$11.9M
Land, buildings, equipmentLn 10c$27.4M
Other assetsLn 15$36.0M
Total assetsLn 16$77.2M
LiabilitiesLn 26$58.2M
Net assetsLn 32$18.9M
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 FY24End FY24
Cash and savingsLn 1–2$9.7M$11.9M
Land, buildings, equipmentLn 10c$28.7M$27.4M
Total assetsLn 16$77.1M$77.2M
LiabilitiesLn 26$59.1M$58.2M
Net assetsLn 32$18.0M$18.9M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$581K$581K
Pay of current officers, directors and key staffLn 5$214K$171K$43K
Other salaries and wagesLn 7$17.5M$16.7M$791K$1K
Pension plan contributionsLn 8$1.3M$1.3M$17K$917
Other employee benefitsLn 9$1.7M$1.6M$89K$3K
Payroll taxesLn 10$673K$612K$57K$3K
Legal feesLn 11b$33K$33K
Accounting feesLn 11c$128K$128K
Other fees for servicesLn 11g$1.1M$578K$520K$182
Advertising and promotionLn 12$242K$143K$98K
Office expensesLn 13$972K$709K$262K$1K
Information technologyLn 14$546K$422K$124K
OccupancyLn 16$3.4M$3.2M$185K$8K
TravelLn 17$1.0M$1.0M$14K
InterestLn 20$1.1M$1.1M$7K$3K
Depreciation, depletion and amortizationLn 22$1.7M$1.6M$91K$4K
InsuranceLn 23$99K$93K$5K$240
Other expenses (24a–d)Ln 24$1.9M$1.4M$508K
All other expensesLn 24e$99K$99K
Total functional expensesLn 25$34.3M$31.0M$3.1M$167K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Viewing $35.2M$34.3M$932K$18.9M 990 PDF
FY2023 $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

Want to add your own materials alongside these filings? Claim this org

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 FY2024 990 (6 parts)
Part I · Summary $35,238,029 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $32,486,755$34,733,988
I-9 Program service revenuePrior year $237,411$309,016
I-10 Investment incomePrior year $410$159,847
I-11 Other revenuePrior year $23,678$35,178
I-12 Total revenuePrior year $32,748,254$35,238,029
I-13 Grants and similar amounts paidPrior year $200,839$580,853
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $18,812,965$21,361,621
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $11,951,524$12,363,240
I-18 Total expensesPrior year $30,965,328$34,305,714
I-19 Revenue less expensesPrior year $1,782,926$932,315
Part VI · Governance 8 of 8 board members independent, 1 to look at
VI-1a Voting members of the governing body8
VI-1b Independent voting members8
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-13 Written whistleblower policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $35,238,029 across 7 lines filed
VIII-1e Government grants$31,696,929
VIII-1f All other contributions, gifts and grants$3,037,059
VIII-1h Total contributions, gifts and grants$34,733,988
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $309,016$309,016
VIII-3 Investment incomeExcluded from tax $159,847$159,847
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $35,178$35,178
VIII-12 Total revenueRelated to mission $309,016 · Unrelated business $0 · Excluded from tax $195,025$35,238,029
Part IX · Statement of functional expenses $34,305,714 across 19 lines filed
IX-2 Grants to domestic individualsPrograms $580,853$580,853
IX-5 Pay of current officers, directors and key staffManagement $171,410 · Fundraising $42,853$214,263
IX-7 Other salaries and wagesPrograms $16,686,274 · Management $791,207 · Fundraising $1,099$17,478,580
IX-8 Pension plan contributionsPrograms $1,254,125 · Management $16,874 · Fundraising $917$1,271,916
IX-9 Other employee benefitsPrograms $1,631,153 · Management $89,354 · Fundraising $3,390$1,723,897
IX-10 Payroll taxesPrograms $612,456 · Management $57,299 · Fundraising $3,210$672,965
IX-11b Legal feesManagement $33,060$33,060
IX-11c Accounting feesManagement $127,934$127,934
IX-11g Other fees for servicesPrograms $577,579 · Management $520,374 · Fundraising $182$1,098,135
IX-12 Advertising and promotionPrograms $143,215 · Management $98,473$241,688
IX-13 Office expensesPrograms $709,456 · Management $261,701 · Fundraising $1,119$972,276
IX-14 Information technologyPrograms $422,300 · Management $123,606$545,906
IX-16 OccupancyPrograms $3,202,092 · Management $184,910 · Fundraising $8,060$3,395,062
IX-17 TravelPrograms $1,013,488 · Management $14,154$1,027,642
IX-20 InterestPrograms $1,093,230 · Management $7,437 · Fundraising $2,813$1,103,480
IX-22 Depreciation, depletion and amortizationPrograms $1,599,920 · Management $90,809 · Fundraising $4,116$1,694,845
IX-23 InsurancePrograms $93,220 · Management $5,291 · Fundraising $240$98,751
IX-24 Other expenses (24a–d)Programs $1,417,200 · Management $508,417$1,925,617
IX-24e All other expensesFundraising $98,844$98,844
IX-25 Total functional expensesPrograms $31,036,561 · Management $3,102,310 · Fundraising $166,843$34,305,714
Part X · Balance sheet $77,156,348 assets, 16 lines filed
X-1 Cash, non-interest-bearingStart of year $9,687,029$6,903,451
X-2 Savings and temporary cash investments$4,963,345
X-3 Pledges and grants receivableStart of year $1,369,759$1,520,558
X-9 Prepaid expenses and deferred chargesStart of year $302,415$338,237
X-10c Land, buildings and equipment, netStart of year $28,713,689$27,405,696
X-15 Other assetsStart of year $37,063,775$36,025,061
X-16 Total assetsStart of year $77,136,667$77,156,348
X-17 Accounts payable and accrued expensesStart of year $1,753,721$2,065,059
X-19 Deferred revenueStart of year $2,250$0
X-20 Tax-exempt bond liabilitiesStart of year $18,970,757$18,600,475
X-25 Other liabilitiesStart of year $38,419,355$37,567,915
X-26 Total liabilitiesStart of year $59,146,083$58,233,449
X-27 Net assets without donor restrictionsStart of year $17,314,993$18,486,770
X-28 Net assets with donor restrictionsStart of year $675,591$436,129
X-32 Total net assets or fund balancesStart of year $17,990,584$18,922,899
X-33 Total liabilities and net assetsStart of year $77,136,667$77,156,348
Part XI · Reconciliation of net assets $18,922,899 net assets at year end
XI-1 Total revenue$35,238,029
XI-2 Total expenses$34,305,714
XI-3 Revenue less expenses$932,315
XI-4 Net assets at start of year$17,990,584
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$18,922,899

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

Similar organizations you could support · Compare with another nonprofit

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

If you ARE the filing organization, claim this org and add context

Made it to the end? Claim this organization

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the pay comparisons above.