Sheridan School INC FY2020 filing

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Sheridan school's mission is to create an inclusive, vibrant learning community. We take joy in learning, show kindness and empathy towards others, embrace new experiences and ideas, and continually seek a deeper and fuller understanding of the world. We seek to inspire self-knowledge, intellectual discipline, and personal integrity in our community members. At both our city and mountain campuses, the Sheridan community challenges itself to live the ideal of respect for oneself, others, and the environment.

501(c)(3) charity; gifts are tax-deductible.
82¢ 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

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
6 of 6
filings with a surplus
Average surplus $882K a year · 8% 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
82%
of spending
Looks good: 82% 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 · 11% of spending
Looks good: pay to officers and key staff is 11% of spending; 15% or less.
Pt VII · Sec A
5 mo
of spending, in cash
Looks good: 5.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
8
named funders · $263K
Looks good: 8 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$5.2M
38% of total assets
Looks good: liabilities are 38% of assets; 50% or less.
Pt X · Ln 26
Independent board members
15
of 18 voting members
Looks good: 15 of 18 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$10.1M
Spent
$9.7M
To programs
82%
Net assets
$8.3M
By yearFY2020–FY2025
Revenue
$10.1M
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$10.1M
FY2021$10.9M
FY2022$11.6M
FY2023$11.1M
FY2024$12.8M
FY2025$12.1M
Expenses
$9.7M
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$9.7M
FY2021$9.2M
FY2022$10.4M
FY2023$11.0M
FY2024$11.3M
FY2025$11.7M
Net assets
$8.3M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$8.3M
FY2021$11.5M
FY2022$11.6M
FY2023$12.4M
FY2024$13.3M
FY2025$14.3M

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 Apr 1963.

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

Where the money goes

82 cents of each dollar spent went to programs.

Program services 82% · $8.0M Management & general 15% · $1.5M Fundraising 2% · $215K

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

26 people listed on the 990; $1.0M 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
$309,381Pt VII · Sec A
Lower School Head
$127,665Pt VII · Sec A
Dir of Student Support
$115,509Pt VII · Sec A
Dir. of Aux. Programs
$114,889Pt VII · Sec A
Middle School Head
$106,094Pt VII · Sec A
IT Director
$106,009Pt VII · Sec A
Dir. of Finance Thru 7/20/19
$90,934Pt VII · Sec A
Dir. of Finance (eff 7/22/2019)
$61,451Pt VII · Sec A

Courtney Martin’s $380K as Head of School is at the 77th 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
Courtney Martin$379,819$197,815————
Jessica Donovan—$169,553$343,280$346,714$332,465$309,381
Suzanne Badoux$178,412$169,483$161,092$149,774$142,579$61,451
Karen O'Connor-Floman$149,185—$103,938———
Robert Bradford$144,185$128,287$112,956———
Kelly Nelson———$140,208$133,641$127,665
Jae Lee—$137,798————
Melanie Auerbach$129,777$126,680$124,230$120,343$118,867$115,509

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 Sheridan School INC executive salaries →

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 educational services to children from kindergarten through eighth grade.

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3 programs · $7.7M · in their own filed words · FY2019
01

Education Program

As an accredited school, we provide an education program for approximately 222 children from kindergarten to grade eight at our city and mountain campuses. We seek to nurture and challenge children through a collection of academic subjects and enriching activities that encourage children to take responsibility for their learning and…

$6.7Mprogram expense
02

Summer Camp

Eight week summer camp for approximately 230 children ages 3 to 16 per week (over 600 children over the course of the program). Children develop new skills, special talents, emerging interests and self-confidence by exploration and celebration of the visual and performing arts, culinary arts and sports.

$553Kprogram expense
03

After School Program

The after school programs mirror the school's child-oriented philosophy; children are encouraged to pursue their individual interests. Within the program, children may focus on educational, artistic or physical activities, including enrichment classes, study hall, games and art projects.

$434Kprogram 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 · 5 grants · $7.1M · 2019–2024
Unitemized GrantFY2024$1,717,882
Unitemized GrantFY2024$107,568
Unitemized GrantFY2021$1,755,416
Unitemized GrantFY2020$1,740,017
Unitemized GrantFY2019$1,749,769

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$10.1M
Ln 12
Fees for servicesLn 2g$9.6M
Gifts and grantsLn 1h$537K
Investment incomeLn 3$138K
Money outPt IX
$9.7M
Ln 25
Programscol B$8.0M
Managementcol C$1.5M
Fundraisingcol D$215K
Owns and owesPt X
$8.3M
net assets · Ln 32
Cash and savingsLn 1–2$4.4M
Total assetsLn 16$13.5M
LiabilitiesLn 26$5.2M
PeoplePt VI, VII
26
listed · VII A
PaidVII A8
Voting boardVI 1a18
IndependentVI 1b15
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$537K
Government grantsLn 1e$28K
Noncash giftsLn 1g$20K
Fundraising eventsLn 1c$115K
Fees for servicesLn 2g$9.6M
Investment incomeLn 3$138K
Gains on assetsLn 7−$284K
Total revenueLn 12$10.1M
Assets in detailPt X, end of year
CashLn 1$3.0M
SavingsLn 2$1.4M
Cash and savings togetherLn 1–2$4.4M
Accounts receivableLn 4$120K
Prepaid expenses and deferred chargesLn 9$102K
Land, buildings, equipmentLn 10c$4.8M
InvestmentsLn 11–13$4.1M
Total assetsLn 16$13.5M
LiabilitiesLn 26$5.2M
Net assetsLn 32$8.3M
OperationsPt I, VI
EmployeesI 5185
VolunteersI 6100
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3More from this return
Investment feesPt IX, Sch D
Investment fees, as reportedPt IX 11f$40K
Share of the $4.9M endowmentSch D 1g0.80%
Typical, median of 1,806 orgs0.44%
EndowmentSch D · Pt V
LineFY20FY19FY18FY17FY16
End of yearLn 1g$4.9M$5.0M$4.9M$4.7M$4.3M
Given inLn 1b$2K$4K$5K$12K$12K
SpentLn 1d–1f$93K$7K$121K$108K
4Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$3.4M$4.4M
InvestmentsLn 11–13$4.7M$4.1M
Land, buildings, equipmentLn 10c$4.5M$4.8M
Total assetsLn 16$12.8M$13.5M
LiabilitiesLn 26$5.2M$5.2M
Net assetsLn 32$7.7M$8.3M
5Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$1.7M$1.7M
Pay of current officers, directors and key staffLn 5$571K$571K
Other salaries and wagesLn 7$4.4M$3.9M$346K$146K
Pension plan contributionsLn 8$175K$160K$10K$6K
Other employee benefitsLn 9$270K$226K$37K$8K
Payroll taxesLn 10$394K$313K$70K$12K
Legal feesLn 11b$10K$7K$2K$272
Accounting feesLn 11c$38K$38K
Investment management feesLn 11f$40K$40K
Other fees for servicesLn 11g$485K$429K$53K$3K
Advertising and promotionLn 12$11K$4K$7K
Office expensesLn 13$299K$254K$36K$8K
Information technologyLn 14$114K$78K$32K$4K
OccupancyLn 16$324K$259K$55K$9K
TravelLn 17$89K$85K$2K$1K
Conferences, conventions and meetingsLn 19$52K$45K$5K$3K
InterestLn 20$34K$34K
Depreciation, depletion and amortizationLn 22$399K$317K$71K$12K
InsuranceLn 23$63K$63K
Other expenses (24a–d)Ln 24$146K$127K$17K$2K
Total functional expensesLn 25$9.7M$8.0M$1.5M$215K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled with the IRS May 13, 2026 $12.1M$11.7M$394K$14.3M 990 PDF
FY2024Filed with the IRS Apr 11, 2025 $12.8M$11.3M$1.5M$13.3M 990 PDF
FY2023Filed with the IRS Apr 18, 2024 $11.1M$11.0M$20K$12.4M 990 PDF
FY2022Filed with the IRS Mar 22, 2023 $11.6M$10.4M$1.3M$11.6M 990 PDF
FY2021Filed with the IRS Apr 21, 2022 $10.9M$9.2M$1.7M$11.5M 990 PDF
FY2020 ViewingFiled with the IRS Apr 2, 2021 $10.1M$9.7M$392K$8.3M 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support J · Pay O · Explanations
See the full FY2020 990 (6 parts)
Part I · Summary $10,085,759 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $487,225$536,962
I-9 Program service revenuePrior year $9,390,862$9,616,002
I-10 Investment incomePrior year $206,030−$145,917
I-11 Other revenuePrior year $88,154$78,712
I-12 Total revenuePrior year $10,172,271$10,085,759
I-13 Grants and similar amounts paidPrior year $1,562,506$1,749,769
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $6,083,993$5,840,043
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $2,429,547$2,103,737
I-18 Total expensesPrior year $10,076,046$9,693,549
I-19 Revenue less expensesPrior year $96,225$392,210
Part VI · Governance 15 of 18 board members independent, no flags
VI-1a Voting members of the governing body18
VI-1b Independent voting members15
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 $10,085,759 across 11 lines filed
Lines not itemized here account for $5,108 of total revenue; see the IRS return.
VIII-1c Fundraising events$115,322
VIII-1e Government grants$28,167
VIII-1f All other contributions, gifts and grants$393,473
VIII-1g Noncash contributions (included above)$20,275
VIII-1h Total contributions, gifts and grants$536,962
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $9,616,002$9,616,002
VIII-3 Investment incomeExcluded from tax $138,285$138,285
VIII-7 Net gain or loss on sales of assetsExcluded from tax −$284,202−$284,202
VIII-8 Net income from fundraising eventsExcluded from tax $14,823$14,823
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $58,781$58,781
VIII-12 Total revenueRelated to mission $9,616,002 · Unrelated business $0 · Excluded from tax −$67,205$10,085,759
Part IX · Statement of functional expenses $9,693,549 across 20 lines filed
IX-2 Grants to domestic individualsPrograms $1,749,769$1,749,769
IX-5 Pay of current officers, directors and key staffManagement $570,840$570,840
IX-7 Other salaries and wagesPrograms $3,938,140 · Management $345,626 · Fundraising $145,906$4,429,672
IX-8 Pension plan contributionsPrograms $159,712 · Management $9,778 · Fundraising $5,917$175,407
IX-9 Other employee benefitsPrograms $225,610 · Management $36,509 · Fundraising $8,359$270,478
IX-10 Payroll taxesPrograms $312,555 · Management $69,511 · Fundraising $11,580$393,646
IX-11b Legal feesPrograms $7,328 · Management $2,455 · Fundraising $272$10,055
IX-11c Accounting feesManagement $37,861$37,861
IX-11f Investment management feesManagement $39,806$39,806
IX-11g Other fees for servicesPrograms $428,981 · Management $52,595 · Fundraising $3,471$485,047
IX-12 Advertising and promotionPrograms $3,925 · Management $7,183$11,108
IX-13 Office expensesPrograms $254,236 · Management $35,937 · Fundraising $8,331$298,504
IX-14 Information technologyPrograms $77,941 · Management $31,980 · Fundraising $3,780$113,701
IX-16 OccupancyPrograms $259,311 · Management $55,460 · Fundraising $9,239$324,010
IX-17 TravelPrograms $85,323 · Management $1,980 · Fundraising $1,301$88,604
IX-19 Conferences, conventions and meetingsPrograms $45,028 · Management $4,667 · Fundraising $2,587$52,282
IX-20 InterestManagement $34,354$34,354
IX-22 Depreciation, depletion and amortizationPrograms $317,114 · Management $70,525 · Fundraising $11,749$399,388
IX-23 InsuranceManagement $62,605$62,605
IX-24 Other expenses (24a–d)Programs $126,837 · Management $17,112 · Fundraising $2,463$146,412
IX-25 Total functional expensesPrograms $7,991,810 · Management $1,486,784 · Fundraising $214,955$9,693,549
Part X · Balance sheet $13,502,600 assets, 16 lines filed
X-1 Cash, non-interest-bearingStart of year $2,105,480$2,969,181
X-2 Savings and temporary cash investmentsStart of year $1,337,190$1,381,147
X-4 Accounts receivableStart of year $42,099$120,284
X-9 Prepaid expenses and deferred chargesStart of year $99,986$101,778
X-10c Land, buildings and equipment, netStart of year $4,487,468$4,790,223
X-11 Publicly traded securitiesStart of year $4,745,707$4,139,987
X-16 Total assetsStart of year $12,842,930$13,502,600
X-17 Accounts payable and accrued expensesStart of year $730,524$602,031
X-19 Deferred revenueStart of year $3,563,979$2,687,042
X-23 Secured mortgages and notes payableStart of year $847,407$793,170
X-25 Other liabilitiesStart of year $18,364$1,104,777
X-26 Total liabilitiesStart of year $5,160,274$5,187,020
X-27 Net assets without donor restrictionsStart of year $5,985,605$6,634,162
X-28 Net assets with donor restrictionsStart of year $1,697,051$1,681,418
X-32 Total net assets or fund balancesStart of year $7,682,656$8,315,580
X-33 Total liabilities and net assetsStart of year $12,842,930$13,502,600
Part XI · Reconciliation of net assets $8,315,580 net assets at year end
XI-1 Total revenue$10,085,759
XI-2 Total expenses$9,693,549
XI-3 Revenue less expenses$392,210
XI-4 Net assets at start of year$7,682,656
XI-5 Net unrealized gains (losses) on investments$254,927
XI-9 Other changes in net assets−$14,213
XI-10 Net assets at end of year$8,315,580

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

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