Silver Spruce Academy INC EIN 46-3555425 Form 990 (PDF) Claim this org

Silver Spruce Academy INC

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Offers educational enrichment programs and courses to students and families. For fiscal year 2025 it reported $223K in revenue, $228K in expenses, and $192K in net assets.Pt I

Type
Public charity (501(c)(3)) · Education
Location
Bayfield, CO
Website
www.silverspruceacademy.org
Filings
5 on file (2021–2025)
Revenue
$223KFY2025
Expenses
$228K
Net assets
$192K
People
5
Filings
5
Updates
0
More identity details & actions ⌄
EIN  46-3555425 Public charity (501(c)(3)) Bayfield, CO
Form 990 (PDF)
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Size
$100K–1M
What they do
Offers educational enrichment programs and courses to students and families.
Leadership
Natalie Horn-Howard · Executive Di · $73K
Money in and out
$223K revenue, $228K expenses
Bottom line
83% program efficiency
Where the money goes · FY2025
Total revenue
$223K
Pt VIII · Ln 12
Total expenses
$228K
Pt IX · Ln 25
Net assets
$192K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$5K
Where spending went · Part IX cols B–D
Program services $0.83 Management & general $0.13 Fundraising $0.04
Program efficiency
83%
of spending reaches programs▲ +4% vs prior filing year
Operating runway
9.9mo
months of highly liquid reserves at operating expense rate▲ +8% vs prior filing year
Surplus margin
-2%
revenue over expenses, this year▼ -112% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$223K
FY2025▼ -26%
Expenses
$228K
FY2025▼ -9%
Total assets
$196K
FY2025▼ -3%
Total liabilities
$4K
FY2025▼ -4%
Total revenue
$223K
Pt VIII · Ln 12
Total expenses
$228K
Pt IX · Ln 25
Net assets
$192K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$5K
Total assetsPt X · Ln 16$196K
Program-expense ratioPt IX · col B83%
Voting members of governing bodyPt I · Ln 33
Independent voting membersPt I · Ln 43

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CSilver Spruce Academy INC
EINHdr · item D46-3555425
Principal addressHdr · item CBayfield, CO
WebsiteHdr · item Jwww.silverspruceacademy.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MCO
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEducation (B20)
Ruling yearIRS BMFSep 2014

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a3
Independent voting membersPt VI · Ln 1b3
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
$72,716Pt VII · Sec A
$0Pt VII · Sec A
VP & Secreta
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A

Natalie Horn-Howard’s $73K as Executive Di is at the 65th percentile of top reported officer pay among 1616 $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

NameFY2025FY2024FY2022FY2021
Natalie Horn-Howard$72,716$71,384
Natalie Howard$52,808$48,690

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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Mission & Programs · Part III

Where the work happens

1 program service account for $190K of program spending, described in the organization's own filed words · FY2024.
01

In its 11TH year of operation, silver spruce academy, inc. Continued to provide high-quality homeschool enrichment opportunities to students and families throughout the four corners region.

$190Kprogram expense

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Statement of Revenue

Part VIII
Program service revenue99%$222K
Contributions & grants$1K
Investment income$184
Other revenue$420
Total revenueLn 12$223K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.83 Management & general $0.13 Fundraising $0.04
Program services83%$190K
Management & general13%$29K
Fundraising4%$9K
Total functional expensesLn 25$228K

Balance Sheet

Part X · end of year
CashLn 1$188K
Total assetsLn 16$196K
Total liabilitiesLn 26$4K
Total net assetsLn 32$192K
Months of cash on handcomputed9.9

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $188K · Operating expenses/yr $228K
9.9 months
Where the money goes
Program services
Program services $190K · Total expenses $228K
83%
Management & General
Management & general $29K · Total expenses $228K
13%
Fundraising
Fundraising $9K · Total expenses $228K
4%
Cost to raise $1
Fundraising expense (3-yr avg) $9K · Solicited contributions (3-yr avg) $4K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $1K · Total revenue $223K
0.5%
Government reliance
Government grants — · Total revenue $223K
Earned-income share
Program service revenue $222K · Total revenue $223K
99%
Investment reliance
Investment income $184 · Total revenue $223K
+0.08%
Program self-sufficiency
Program service revenue $222K · Total expenses $228K
97%
Growth & trend
Revenue growth (YoY)
This year $223K · Prior year $302K
-26%
Revenue CAGR
FY2020 $176K · FY2024 $223K
+6%
Net-asset trend (YoY)
End of year $192K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $223K · Expenses $228K
-2%
Liabilities-to-Assets
Total liabilities — · Total assets $196K
Net-asset ratio
Net assets $192K · Total assets $196K
98%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $196K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Natalie Horn-Howard · Reported title EXECUTIVE DI · Highest reported compensation $73K · Total expenses $228K
32%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $146K · Total expenses $228K
64%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 83%
Overhead ratio 13%
Fundraising cost ratio 826%
Revenue growth -26%
Accounting fee ratio 0.6%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2023
Total grants receivedfrom 1 funder$54

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$223K revenue · viewing · ⤓ 990 PDF
FY2024$302K revenue · ⤓ 990 PDF
FY2023$270K revenue · ⤓ 990 PDF
FY2022$211K revenue · ⤓ 990 PDF
FY2021$176K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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