Sedgefield School INC FY2020 filing

Tax-deductible

Charlotte, NC501(c)(3)EducationEIN 46-3360303Revenue $578K in FY2020

On file with the IRSkeystonemontessorischool.org2830 Dorchester Pl, 28209-1219 · Charlotte, NCTax-exempt since Jul 2014School — 170(b)(1)(A)(ii)

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Our mission is to support the natural development of children from theages of three to twelve by providing authentic, AMI Montessori learning environments where children have the opportunity to engage in joyful, purposeful, and self-selected work.

501(c)(3) charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
$164K 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

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
5 of 6
filings with a surplus
Average surplus $56K a year · 7% of revenue · last 6 filings
Fine: a surplus in 5 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$164K
to officers and key staff · 34% of spending
Concern: pay to officers and key staff is 34% of spending; over 30%.
Pt VII · Sec A
Cash reserves
12 mo
of spending, in cash
Looks good: 12.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $7
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$82K
14% of total assets
Looks good: liabilities are 14% of assets; 50% or less.
Pt X · Ln 26
Independent board members
6
of 6 voting members
Looks good: 6 of 6 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$578K
Spent
$488K
To programs
100%
Net assets
$487K
By yearFY2020–FY2025
Revenue
$578K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$578K
FY2021$821K
FY2022$791K
FY2023$748K
FY2024$777K
FY2025$896K
Expenses
$488K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$488K
FY2021$642K
FY2022$708K
FY2023$717K
FY2024$852K
FY2025$870K
Net assets
$487K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$487K
FY2021$666K
FY2022$749K
FY2023$779K
FY2024$737K
FY2025$744K

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 Jul 2014.

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

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $488K

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

8 people listed on the 990; $164K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
Head of School and President
$101,117Pt VII · Sec A
Asst Head of School and Board
$62,686Pt VII · Sec A
Chairman of the Board
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Allyson Creel’s $75K as Head of School is at the 67th 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 · 2 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Hawley Hoggard—$128,298$123,755$115,998$134,801$101,117
Allyson Creel$74,764$81,166$76,756$74,548$75,588$62,686

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

Provides Montessori environments for children aged three to twelve to learn through self-directed play.

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Provided by the organization

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1 program · $488K · in their own filed words · FY2019
01

Currently serving 60 children between the ages of 3 and 12, following the guidelines of the Association Montessori Internationale

$488Kprogram 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 · FY2020
Total grants receivedfrom 1 funder$7

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$578K
Ln 12
Fees for servicesLn 2g$470K
Gifts and grantsLn 1h$106K
Investment incomeLn 3$2K
Money outPt IX
$488K
Ln 25
Programscol B$488K
Owns and owesPt X
$487K
net assets · Ln 32
Cash and savingsLn 1–2$491K
Total assetsLn 16$569K
LiabilitiesLn 26$82K
PeoplePt VI, VII
8
listed · VII A
PaidVII A2
Voting boardVI 1a6
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$106K
Fees for servicesLn 2g$470K
Investment incomeLn 3$2K
Total revenueLn 12$578K
Assets in detailPt X, end of year
CashLn 1$78K
SavingsLn 2$412K
Cash and savings togetherLn 1–2$491K
Land, buildings, equipmentLn 10c$76K
Total assetsLn 16$569K
LiabilitiesLn 26$82K
Net assetsLn 32$487K
OperationsPt I, VI
EmployeesI 514
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$394K$491K
Land, buildings, equipmentLn 10c$11K$76K
Total assetsLn 16$406K$569K
LiabilitiesLn 26$9K$82K
Net assetsLn 32$397K$487K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$164K$164K
Other salaries and wagesLn 7$158K$158K
Pension plan contributionsLn 8$7K$7K
Other employee benefitsLn 9$25K$25K
Payroll taxesLn 10$25K$25K
Accounting feesLn 11c$2K$2K
Other fees for servicesLn 11g$4K$4K
Advertising and promotionLn 12$4K$4K
Office expensesLn 13$4K$4K
Information technologyLn 14$1K$1K
OccupancyLn 16$54K$54K
TravelLn 17$423$423
Conferences, conventions and meetingsLn 19$255$255
Depreciation, depletion and amortizationLn 22$2K$2K
InsuranceLn 23$7K$7K
Other expenses (24a–d)Ln 24$28K$28K
All other expensesLn 24e$2K$2K
Total functional expensesLn 25$488K$488K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $896K$870K$26K$744K 990 PDF
FY2024 $777K$852K−$75K$737K 990 PDF
FY2023 $748K$717K$31K$779K 990 PDF
FY2022 $791K$708K$83K$749K 990 PDF
FY2021 $821K$642K$179K$666K 990 PDF
FY2020 Viewing $578K$488K$90K$487K 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 FY2020 990 (6 parts)
Part I · Summary $578,192 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $108$106,202
I-9 Program service revenuePrior year $511,166$470,188
I-10 Investment incomePrior year $677$1,802
I-11 Other revenue$0
I-12 Total revenuePrior year $511,951$578,192
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $303,724$379,036
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $138,572$108,753
I-18 Total expensesPrior year $442,296$487,789
I-19 Revenue less expensesPrior year $69,655$90,403
Part VI · Governance 6 of 6 board members independent, 1 to look at
VI-1a Voting members of the governing body6
VI-1b Independent voting members6
VI-13 Written whistleblower policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $578,192 across 6 lines filed
VIII-1d Related organizations$95,000
VIII-1f All other contributions, gifts and grants$11,202
VIII-1h Total contributions, gifts and grants$106,202
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $470,188$470,188
VIII-3 Investment incomeRelated to mission $1,802$1,802
VIII-12 Total revenueRelated to mission $471,990 · Unrelated business $0 · Excluded from tax $0$578,192
Part IX · Statement of functional expenses $487,789 across 17 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $163,804$163,804
IX-7 Other salaries and wagesPrograms $158,407$158,407
IX-8 Pension plan contributionsPrograms $7,205$7,205
IX-9 Other employee benefitsPrograms $24,607$24,607
IX-10 Payroll taxesPrograms $25,013$25,013
IX-11c Accounting feesPrograms $1,574$1,574
IX-11g Other fees for servicesPrograms $4,347$4,347
IX-12 Advertising and promotionPrograms $3,631$3,631
IX-13 Office expensesPrograms $4,348$4,348
IX-14 Information technologyPrograms $1,256$1,256
IX-16 OccupancyPrograms $53,867$53,867
IX-17 TravelPrograms $423$423
IX-19 Conferences, conventions and meetingsPrograms $255$255
IX-22 Depreciation, depletion and amortizationPrograms $1,852$1,852
IX-23 InsurancePrograms $6,959$6,959
IX-24 Other expenses (24a–d)Programs $28,149$28,149
IX-24e All other expensesPrograms $2,092$2,092
IX-25 Total functional expensesPrograms $487,789 · Management $0 · Fundraising $0$487,789
Part X · Balance sheet $568,998 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $137,947$78,334
X-2 Savings and temporary cash investmentsStart of year $255,677$412,479
X-9 Prepaid expenses and deferred chargesStart of year $1,155$2,203
X-10c Land, buildings and equipment, netStart of year $11,203$75,982
X-16 Total assetsStart of year $405,982$568,998
X-17 Accounts payable and accrued expensesStart of year $9,095$6,508
X-24 Unsecured notes and loans payable$75,200
X-26 Total liabilitiesStart of year $9,095$81,708
X-32 Total net assets or fund balancesStart of year $396,887$487,290
X-33 Total liabilities and net assetsStart of year $405,982$568,998
Part XI · Reconciliation of net assets $487,290 net assets at year end
XI-1 Total revenue$578,192
XI-2 Total expenses$487,789
XI-3 Revenue less expenses$90,403
XI-4 Net assets at start of year$396,887
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$487,290

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

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