Walther School Foundation INC

Tax-deductible

W Hollywood, CA501(c)(3)EducationEIN 46-3344128Revenue $594K in FY2024

On file with the IRSwaltherschool.org1246 N Gardner St, 90046-5616 · W Hollywood, CATax-exempt since Jun 2015School — 170(b)(1)(A)(ii)

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Walther School Foundation, INC is a School that provides preschool education to a diverse enrollment that emphasizes intensive interaction and innovative teaching concepts.

501(c)(3) charity; gifts are tax-deductible.
90¢ of each $1 spent went to programs.
$193K 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
2 of 5
filings with a surplus
Average deficit $11K a year · 2% of revenue · last 5 filings
Concern: a surplus in 2 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
$193K
to officers and key staff · 34% of spending
Top officer’s pay higher than 98% of similar orgs
Concern: pay to officers and key staff is 34% of spending; over 30%.
Pt VII · Sec A
Cash reserves
2 mo
of spending, in cash
Fine: 2.0 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $3K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$577K
50% of total assets
Looks good: liabilities are 50% of assets; 50% or less.
Pt X · Ln 26
Independent board members
2
of 3 voting members
Looks good: 2 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
$594K
+40% vs prior year
Spent
$568K
To programs
90%
Net assets
$585K
By yearFY2020–FY2024
Revenue
$594K
FY2024▲ +40%
Tap a bar for its year
Revenue by fiscal year
FY2020$430K
FY2021$806K
FY2022$602K
FY2023$424K
FY2024$594K
Expenses
$568K
FY2024▼ -10%
Tap a bar for its year
Expenses by fiscal year
FY2020$549K
FY2021$562K
FY2022$604K
FY2023$629K
FY2024$568K
Net assets
$585K
FY2024▲ +5%
Tap a bar for its year
Net assets by fiscal year
FY2020$521K
FY2021$765K
FY2022$763K
FY2023$559K
FY2024$585K

From the FY2024 Form 990 · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jun 2015.

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% · $512K Management & general 10% · $56K

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

3 people listed on the 990; $193K paid to officers and key staff.

Part VII, Section A · reportable compensation
$193,490Pt VII · Sec A
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A

Gloria Walther’s $193K as Director is at the 98th percentile of top reported officer pay among 1613 $100K–1M 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 · 1 named individual · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Gloria Walther$193,490$211,080$206,055$201,030$201,030

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 15aNo

Programs and updates

Provides preschool education with intensive interaction and innovative teaching.

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Provided by the organization

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1 program · $512K · in their own filed words · FY2024
01

Preschool education provided for 20 plus students in accordance to the mission statement filed with irs form 1023

$512Kprogram 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$3K

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$594K
Ln 12
Fees for servicesLn 2g$594K
Money outPt IX
$568K
Ln 25
Programscol B$512K
Managementcol C$56K
Owns and owesPt X
$585K
net assets · Ln 32
Cash and savingsLn 1–2$96K
Total assetsLn 16$1.2M
LiabilitiesLn 26$577K
PeoplePt VI, VII
3
listed · VII A
PaidVII A1
Voting boardVI 1a3
IndependentVI 1b2
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$594K
Total revenueLn 12$594K
Assets in detailPt X, end of year
CashLn 1$96K
Cash and savings togetherLn 1–2$96K
Land, buildings, equipmentLn 10c$1.1M
Other assetsLn 15$3K
Total assetsLn 16$1.2M
LiabilitiesLn 26$577K
Net assetsLn 32$585K
OperationsPt I, VI
EmployeesI 511
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
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$72K$96K
Land, buildings, equipmentLn 10c$1.1M$1.1M
Total assetsLn 16$1.1M$1.2M
LiabilitiesLn 26$585K$577K
Net assetsLn 32$559K$585K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$193K$174K$19K
Other salaries and wagesLn 7$180K$162K$18K
Payroll taxesLn 10$28K$25K$3K
Accounting feesLn 11c$3K$3K$309
Other fees for servicesLn 11g$2K$2K$188
Advertising and promotionLn 12$5K$5K$526
Conferences, conventions and meetingsLn 19$1K$1K
InterestLn 20$768$691$77
Depreciation, depletion and amortizationLn 22$5K$4K$486
InsuranceLn 23$20K$18K$2K
Other expenses (24a–d)Ln 24$100K$90K$10K
All other expensesLn 24e$29K$27K$2K
Total functional expensesLn 25$568K$512K$56K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $594K$568K$26K$585K 990 PDF
FY2023 $424K$629K−$204K$559K 990 PDF
FY2022 $602K$604K−$1K$763K 990 PDF
FY2021 $806K$562K$243K$765K 990 PDF
FY2020 $430K$549K−$119K$521K 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 FY2024 990 (6 parts)
Part I · Summary $593,643 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $424,203$593,643
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $424,203$593,643
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 $482,657$401,865
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $145,851$166,157
I-18 Total expensesPrior year $628,508$568,022
I-19 Revenue less expensesPrior year −$204,305$25,621
Part VI · Governance 2 of 3 board members independent, 4 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members2
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $593,643 across 2 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $593,643$593,643
VIII-12 Total revenueRelated to mission $593,643 · Unrelated business $0 · Excluded from tax $0$593,643
Part IX · Statement of functional expenses $568,022 across 12 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $174,141 · Management $19,349$193,490
IX-7 Other salaries and wagesPrograms $162,109 · Management $18,012$180,121
IX-10 Payroll taxesPrograms $25,429 · Management $2,825$28,254
IX-11c Accounting feesPrograms $2,781 · Management $309$3,090
IX-11g Other fees for servicesPrograms $1,694 · Management $188$1,882
IX-12 Advertising and promotionPrograms $4,730 · Management $526$5,256
IX-19 Conferences, conventions and meetingsPrograms $1,326$1,326
IX-20 InterestPrograms $691 · Management $77$768
IX-22 Depreciation, depletion and amortizationPrograms $4,371 · Management $486$4,857
IX-23 InsurancePrograms $18,189 · Management $2,021$20,210
IX-24 Other expenses (24a–d)Programs $90,203 · Management $10,022$100,225
IX-24e All other expensesPrograms $26,635 · Management $1,908$28,543
IX-25 Total functional expensesPrograms $512,299 · Management $55,723 · Fundraising $0$568,022
Part X · Balance sheet $1,161,646 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $72,358$95,652
X-10c Land, buildings and equipment, netStart of year $1,068,243$1,063,386
X-15 Other assetsStart of year $3,286$2,608
X-16 Total assetsStart of year $1,143,887$1,161,646
X-26 Total liabilitiesStart of year $584,883$577,020
X-27 Net assets without donor restrictionsStart of year $559,004$584,626
X-32 Total net assets or fund balancesStart of year $559,004$584,626
X-33 Total liabilities and net assetsStart of year $1,143,887$1,161,646
Part XI · Reconciliation of net assets $584,626 net assets at year end
XI-1 Total revenue$593,643
XI-2 Total expenses$568,022
XI-3 Revenue less expenses$25,621
XI-4 Net assets at start of year$559,004
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$584,626

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

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