Proof School offers a transformative liberal arts education to young people with an active curiosity and a passion for mathematics, equipping them to reason, communicate, and positively impact their world.

501(c)(3) charity; gifts are tax-deductible.
91¢ of each $1 spent went to programs.
$1.1M 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
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
6 of 6
filings with a surplus
Average surplus $1.3M a year · 18% of revenue · last 6 filings
Looks good: a surplus in 6 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
91%
of spending
Looks good: 91% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$1.1M
to officers and key staff · 19% of spending
Fine: pay to officers and key staff is 19% of spending; 15% to 20%.
Pt VII · Sec A
5 mo
of spending, in cash
Plus $4.6M in investments, Pt X · Ln 11–13
Looks good: 4.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
8
named funders · $1.6M
Looks good: 8 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$5.6M
48% of total assets
Looks good: liabilities are 48% of assets; 50% or less.
Pt X · Ln 26
Independent board members
7
of 8 voting members
Looks good: 7 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
$6.7M
+3% vs prior year
Spent
$5.9M
To programs
91%
Net assets
$6.0M
By yearFY2020–FY2025
Revenue
$6.7M
FY2024▲ +3%
Tap a bar for its year
Revenue by fiscal year
FY2020$5.3M
FY2021$6.2M
FY2022$6.4M
FY2023$6.5M
FY2024$6.7M
FY2025$11.2M
Expenses
$5.9M
FY2024▲ +2%
Tap a bar for its year
Expenses by fiscal year
FY2020$4.9M
FY2021$5.3M
FY2022$5.9M
FY2023$5.8M
FY2024$5.9M
FY2025$6.7M
Net assets
$6.0M
FY2024▲ +15%
Tap a bar for its year
Net assets by fiscal year
FY2020$3.1M
FY2021$4.0M
FY2022$4.5M
FY2023$5.2M
FY2024$6.0M
FY2025$10.5M

From the FY2024 Form 990 (year ending June 2024) · figures checked against the IRS filing · see the original

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You’re viewing the FY2024 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 May 2014.

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

Where the money goes

91 cents of each dollar spent went to programs.

Program services 91% · $5.4M Management & general 9% · $518K Fundraising 0% · $26K

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; $1.1M 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
Head of School
$250,853Pt VII · Sec A
Director of Admissions
$234,360Pt VII · Sec A
Dean of Humanities
$223,153Pt VII · Sec A
Math & Science Teacher
$114,878Pt VII · Sec A
Math & Music Teacher
$111,833Pt VII · Sec A
Literature Teacher
$100,470Pt VII · Sec A
Language Arts & History Teacher
$100,213Pt VII · Sec A
Board of Directors
$0Pt VII · Sec A

Samuel Vandervelde’s $268K as Head of School is at the 57th 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

NameFY2025FY2024FY2023FY2022FY2021FY2020
Samuel Vandervelde$267,945$250,853$244,080$236,178——
Kathy Lin$253,120$234,360$219,974$210,846$199,063$189,051
Zachary Sifuentes$242,597$223,153$210,489$201,981$191,331$183,316
Samuel K Vandervelde————$225,899$219,773
Jason Horowitz$124,168$114,878$106,245$105,614$102,092$101,098
Susan Durst$122,671$111,833$103,917$103,917——
Connie You$114,657$100,470————
Michael Yetman$111,605—————

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

Educates children who love math, reasoning, and communication with a liberal arts approach.

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1 program · $5.4M · in their own filed words · FY2023
01

Proof school delivered a comprehensive middle and high school curriculum to a total of 113 students in grades 6-12 during the 2023-24 academic year. School was in session for 172 days; the school held info sessions, ran admissions, and graduated 13 students.

$5.4Mprogram 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 8 funders →
Grants paid · 6 grants · $6.8M · 2019–2024
Unitemized GrantFY2024$1,200,072
Unitemized GrantFY2023$1,039,089
Unitemized GrantFY2022$1,086,140
Unitemized GrantFY2021$1,246,530
Unitemized GrantFY2020$1,158,605
Unitemized GrantFY2019$1,061,643

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$6.7M
Ln 12
Fees for servicesLn 2g$5.8M
Gifts and grantsLn 1h$692K
Investment incomeLn 3$233K
Money outPt IX
$5.9M
Ln 25
Programscol B$5.4M
Managementcol C$518K
Fundraisingcol D$26K
Owns and owesPt X
$6.0M
net assets · Ln 32
Cash and savingsLn 1–2$2.3M
Total assetsLn 16$11.6M
LiabilitiesLn 26$5.6M
PeoplePt VI, VII
14
listed · VII A
PaidVII A7
Voting boardVI 1a8
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$692K
Noncash giftsLn 1g$32K
Fees for servicesLn 2g$5.8M
Investment incomeLn 3$233K
Other incomeLn 4–11$2K
Gains on assetsLn 7$306
Total revenueLn 12$6.7M
Assets in detailPt X, end of year
CashLn 1$1.7M
SavingsLn 2$650K
Cash and savings togetherLn 1–2$2.3M
InvestmentsLn 11–13$4.6M
Land, buildings, equipmentLn 10c$1.3M
Other assetsLn 15$240K
Total assetsLn 16$11.6M
LiabilitiesLn 26$5.6M
Net assetsLn 32$6.0M
OperationsPt I, VI
EmployeesI 531
VolunteersI 68
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$1.4M$2.3M
InvestmentsLn 11–13$4.3M$4.6M
Land, buildings, equipmentLn 10c$1.5M$1.3M
Total assetsLn 16$10.1M$11.6M
LiabilitiesLn 26$4.9M$5.6M
Net assetsLn 32$5.2M$6.0M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$1.0M$1.0M
Pay of current officers, directors and key staffLn 5$828K$828K
Other salaries and wagesLn 7$1.9M$1.7M$184K
Pension plan contributionsLn 8$130K$121K$9K
Other employee benefitsLn 9$253K$234K$18K
Payroll taxesLn 10$181K$167K$14K
Legal feesLn 11b$1K$1K
Accounting feesLn 11c$9K$7K$2K
Other fees for servicesLn 11g$10K$10K
Office expensesLn 13$19K$13K$5K
Information technologyLn 14$25K$20K$5K
OccupancyLn 16$928K$720K$208K
Depreciation, depletion and amortizationLn 22$282K$220K$62K
InsuranceLn 23$36K$28K$8K
Other expenses (24a–d)Ln 24$309K$300K$9K
All other expensesLn 24e$17K$17K
Total functional expensesLn 25$5.9M$5.4M$518K$26K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $11.2M$6.7M$4.5M$10.5M 990 PDF
FY2024 Viewing $6.7M$5.9M$768K$6.0M 990 PDF
FY2023 $6.5M$5.8M$711K$5.2M 990 PDF
FY2022 $6.4M$5.9M$492K$4.5M 990 PDF
FY2021 $6.2M$5.3M$876K$4.0M 990 PDF
FY2020 $5.3M$4.9M$375K$3.1M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support M · Noncash J · Pay O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $6,704,431 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $803,818$692,323
I-9 Program service revenuePrior year $5,642,079$5,776,922
I-10 Investment incomePrior year $82,535$233,261
I-11 Other revenuePrior year $1,804$1,925
I-12 Total revenuePrior year $6,530,236$6,704,431
I-13 Grants and similar amounts paidPrior year $1,086,140$1,039,089
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $3,179,290$3,262,077
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $1,554,189$1,635,568
I-18 Total expensesPrior year $5,819,619$5,936,734
I-19 Revenue less expensesPrior year $710,617$767,697
Part VI · Governance 7 of 8 board members independent, no flags
VI-1a Voting members of the governing body8
VI-1b Independent voting members7
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $6,704,431 across 8 lines filed
Lines not itemized here account for $11,609 of total revenue; see the IRS return.
VIII-1f All other contributions, gifts and grants$692,323
VIII-1g Noncash contributions (included above)$32,431
VIII-1h Total contributions, gifts and grants$692,323
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $5,765,313$5,765,313
VIII-3 Investment incomeExcluded from tax $232,955$232,955
VIII-7 Net gain or loss on sales of assetsExcluded from tax $306$306
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $1,925$1,925
VIII-12 Total revenueRelated to mission $5,778,847 · Unrelated business $0 · Excluded from tax $233,261$6,704,431
Part IX · Statement of functional expenses $5,936,734 across 16 lines filed
IX-2 Grants to domestic individualsPrograms $1,039,089$1,039,089
IX-5 Pay of current officers, directors and key staffPrograms $828,176$828,176
IX-7 Other salaries and wagesPrograms $1,686,079 · Management $184,163$1,870,242
IX-8 Pension plan contributionsPrograms $120,709 · Management $9,428$130,137
IX-9 Other employee benefitsPrograms $234,219 · Management $18,294$252,513
IX-10 Payroll taxesPrograms $166,596 · Management $14,413$181,009
IX-11b Legal feesManagement $1,265$1,265
IX-11c Accounting feesPrograms $6,639 · Management $1,872$8,511
IX-11g Other fees for servicesPrograms $9,676$9,676
IX-13 Office expensesPrograms $13,393 · Management $5,308$18,701
IX-14 Information technologyPrograms $19,878 · Management $5,113$24,991
IX-16 OccupancyPrograms $720,257 · Management $207,845$928,102
IX-22 Depreciation, depletion and amortizationPrograms $219,858 · Management $62,011$281,869
IX-23 InsurancePrograms $28,056 · Management $7,913$35,969
IX-24 Other expenses (24a–d)Programs $300,210 · Fundraising $9,116$309,326
IX-24e All other expensesFundraising $17,158$17,158
IX-25 Total functional expensesPrograms $5,392,835 · Management $517,625 · Fundraising $26,274$5,936,734
Part X · Balance sheet $11,550,096 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $812,654$1,672,863
X-2 Savings and temporary cash investmentsStart of year $550,002$650,091
X-4 Accounts receivableStart of year $2,646,531$3,020,070
X-9 Prepaid expenses and deferred chargesStart of year $34,143$113,377
X-10c Land, buildings and equipment, netStart of year $1,490,569$1,293,674
X-11 Publicly traded securitiesStart of year $4,294,727$4,560,021
X-15 Other assetsStart of year $240,000$240,000
X-16 Total assetsStart of year $10,068,626$11,550,096
X-17 Accounts payable and accrued expensesStart of year $41,128$66,581
X-19 Deferred revenueStart of year $4,561,890$5,289,120
X-25 Other liabilitiesStart of year $282,404$243,494
X-26 Total liabilitiesStart of year $4,885,422$5,599,195
X-32 Total net assets or fund balancesStart of year $5,183,204$5,950,901
X-33 Total liabilities and net assetsStart of year $10,068,626$11,550,096
Part XI · Reconciliation of net assets $5,950,901 net assets at year end
XI-1 Total revenue$6,704,431
XI-2 Total expenses$5,936,734
XI-3 Revenue less expenses$767,697
XI-4 Net assets at start of year$5,183,204
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$5,950,901

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

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