Millwood School FY2023 filing

Tax-deductible

Midlothian, VA501(c)(3)EIN 54-1478939Revenue $4.2M in FY2023

On file with the IRSmillwoodschool.org15100 Millwood School Ln, 23112-2278 · Midlothian, VATax-exempt since Feb 1990School — 170(b)(1)(A)(ii)

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The School is a college preparatory School for students in junior kindergarten through 12th grade.

501(c)(3) charity; gifts are tax-deductible.
83¢ of each $1 spent went to programs.
$217K 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

FY2023 · 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
3 of 6
filings with a surplus
Average deficit $2K a year · under 1% of revenue · last 6 filings
Worth a look: a surplus in 3 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
83%
of spending
Looks good: 83% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$217K
to officers and key staff · 5% of spending
Looks good: pay to officers and key staff is 5% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
3 mo
of spending, in cash
Looks good: 3.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $7K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$3.4M
91% of total assets
Concern: liabilities are 91% of assets; over 80%.
Pt X · Ln 26
Independent board members
11
of 11 voting members
Looks good: 11 of 11 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$4.2M
+4% vs prior year
Spent
$4.4M
To programs
83%
Net assets
$327K
By yearFY2020–FY2025
Revenue
$4.2M
FY2023▲ +4%
Tap a bar for its year
Revenue by fiscal year
FY2020$1.3M
FY2021$4.1M
FY2022$4.0M
FY2023$4.2M
FY2024$6.1M
FY2025$5.1M
Expenses
$4.4M
FY2023▲ +16%
Tap a bar for its year
Expenses by fiscal year
FY2020$2.6M
FY2021$3.0M
FY2022$3.8M
FY2023$4.4M
FY2024$5.3M
FY2025$5.7M
Net assets
$327K
FY2023▼ -44%
Tap a bar for its year
Net assets by fiscal year
FY2020−$745K
FY2021$393K
FY2022$585K
FY2023$327K
FY2024$1.1M
FY2025$529K

From the FY2023 Form 990 (year ending June 2023) · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Feb 1990.

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

Where the money goes

83 cents of each dollar spent went to programs.

Program services 83% · $3.7M Management & general 12% · $540K Fundraising 5% · $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

12 people listed on the 990; $217K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
Head of Scho
$217,054Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Trustee
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Christopher Ryan$262,033$247,052$217,054$178,940$139,049$130,321

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 students from junior kindergarten through 12th grade for college.

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Provided by the organization

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1 program · $3.7M · in their own filed words · FY2022
01

Millwood is an independent, co-educational, college preparatory school in midlothian, virginia, offering junior kindergarden through 12TH grade in a warm and nurturing environment. We are known for small classes and indiviudual attention, a challenging and diverse curriculum, exceptional faculty, and a value structure that promotes…

$3.7Mprogram 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 · FY2025
Total grants receivedfrom 1 funder$7K
Grants paid · 3 grants · $560K · 2023–2024
Unitemized GrantFY2024$193,574
Unitemized GrantFY2024$45,000
Unitemized GrantFY2023$321,030

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$4.2M
Ln 12
Fees for servicesLn 2g$4.0M
Gifts and grantsLn 1h$87K
Other incomeLn 4–11$79K
Money outPt IX
$4.4M
Ln 25
Programscol B$3.7M
Managementcol C$540K
Fundraisingcol D$215K
Owns and owesPt X
$327K
net assets · Ln 32
Cash and savingsLn 1–2$1.2M
Total assetsLn 16$3.7M
LiabilitiesLn 26$3.4M
PeoplePt VI, VII
12
listed · VII A
PaidVII A1
Voting boardVI 1a11
IndependentVI 1b11
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$87K
Noncash giftsLn 1g$2K
Fees for servicesLn 2g$4.0M
Investment incomeLn 3$3K
Other incomeLn 4–11$79K
Total revenueLn 12$4.2M
Assets in detailPt X, end of year
CashLn 1$1.2M
Cash and savings togetherLn 1–2$1.2M
InvestmentsLn 11–13$15K
Land, buildings, equipmentLn 10c$2.4M
Total assetsLn 16$3.7M
LiabilitiesLn 26$3.4M
Net assetsLn 32$327K
OperationsPt I, VI
EmployeesI 553
VolunteersI 615
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 FY23End FY23
Cash and savingsLn 1–2$1.1M$1.2M
InvestmentsLn 11–13$12K$15K
Land, buildings, equipmentLn 10c$2.5M$2.4M
Total assetsLn 16$3.7M$3.7M
LiabilitiesLn 26$3.1M$3.4M
Net assetsLn 32$585K$327K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$258K$220K$26K$13K
Other salaries and wagesLn 7$2.3M$1.9M$229K$115K
Other employee benefitsLn 9$699K$594K$70K$35K
Payroll taxesLn 10$180K$153K$18K$9K
Legal feesLn 11b$3K$3K
Accounting feesLn 11c$21K$21K
Other fees for servicesLn 11g$70K$70K
Advertising and promotionLn 12$40K$18K$2K$20K
Office expensesLn 13$90K$13K$73K$4K
Information technologyLn 14$23K$21K$1K$692
OccupancyLn 16$165K$152K$8K$5K
TravelLn 17$11K$11K
Depreciation, depletion and amortizationLn 22$199K$183K$10K$6K
InsuranceLn 23$53K$48K$3K$2K
Other expenses (24a–d)Ln 24$230K$226K$2K$1K
All other expensesLn 24e$110K$102K$4K$5K
Total functional expensesLn 25$4.4M$3.7M$540K$215K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $5.1M$5.7M−$595K$529K 990 PDF
FY2024 $6.1M$5.3M$799K$1.1M 990 PDF
FY2023 Viewing $4.2M$4.4M−$258K$327K 990 PDF
FY2022 $4.0M$3.8M$192K$585K 990 PDF
FY2021 $4.1M$3.0M$1.1M$393K 990 PDF
FY2020 $1.3M$2.6M−$1.3M−$745K 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 FY2023 990 (6 parts)
Part I · Summary $4,187,219 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $194,181$86,633
I-9 Program service revenuePrior year $3,504,059$4,018,699
I-10 Investment incomePrior year $248,991$3,361
I-11 Other revenuePrior year $62,705$78,526
I-12 Total revenuePrior year $4,009,936$4,187,219
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $2,734,626$3,429,722
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $1,083,465$1,015,602
I-18 Total expensesPrior year $3,818,091$4,445,324
I-19 Revenue less expensesPrior year $191,845−$258,105
Part VI · Governance 11 of 11 board members independent, no flags
VI-1a Voting members of the governing body11
VI-1b Independent voting members11
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 $4,187,219 across 7 lines filed
VIII-1f All other contributions, gifts and grants$86,633
VIII-1g Noncash contributions (included above)$2,458
VIII-1h Total contributions, gifts and grants$86,633
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $4,018,699$4,018,699
VIII-3 Investment incomeExcluded from tax $3,361$3,361
VIII-8 Net income from fundraising events$78,526
VIII-12 Total revenueRelated to mission $4,018,699 · Excluded from tax $3,361$4,187,219
Part IX · Statement of functional expenses $4,445,324 across 16 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $219,586 · Management $25,834 · Fundraising $12,917$258,337
IX-7 Other salaries and wagesPrograms $1,948,404 · Management $229,224 · Fundraising $114,612$2,292,240
IX-9 Other employee benefitsPrograms $594,250 · Management $69,912 · Fundraising $34,956$699,118
IX-10 Payroll taxesPrograms $153,024 · Management $18,002 · Fundraising $9,001$180,027
IX-11b Legal feesManagement $3,105$3,105
IX-11c Accounting feesManagement $20,516$20,516
IX-11g Other fees for servicesManagement $70,173$70,173
IX-12 Advertising and promotionPrograms $18,185 · Management $2,020 · Fundraising $20,204$40,409
IX-13 Office expensesPrograms $12,788 · Management $73,177 · Fundraising $4,053$90,018
IX-14 Information technologyPrograms $21,234 · Management $1,154 · Fundraising $692$23,080
IX-16 OccupancyPrograms $151,937 · Management $8,258 · Fundraising $4,954$165,149
IX-17 TravelPrograms $11,399$11,399
IX-22 Depreciation, depletion and amortizationPrograms $183,111 · Management $9,952 · Fundraising $5,971$199,034
IX-23 InsurancePrograms $48,414 · Management $2,631 · Fundraising $1,579$52,624
IX-24 Other expenses (24a–d)Programs $226,426 · Management $2,227 · Fundraising $1,336$229,989
IX-24e All other expensesPrograms $101,732 · Management $3,634 · Fundraising $4,740$110,106
IX-25 Total functional expensesPrograms $3,690,490 · Management $539,819 · Fundraising $215,015$4,445,324
Part X · Balance sheet $3,730,592 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $1,113,091$1,226,875
X-4 Accounts receivableStart of year $24,724$21,639
X-9 Prepaid expenses and deferred chargesStart of year $19,409$22,716
X-10c Land, buildings and equipment, netStart of year $2,514,776$2,444,644
X-11 Publicly traded securitiesStart of year $12,283$14,718
X-16 Total assetsStart of year $3,684,283$3,730,592
X-17 Accounts payable and accrued expensesStart of year $119,607$161,211
X-19 Deferred revenueStart of year $867,882$1,217,236
X-25 Other liabilitiesStart of year $22,834$23,518
X-26 Total liabilitiesStart of year $3,099,670$3,404,084
X-27 Net assets without donor restrictionsStart of year $478,278$273,646
X-28 Net assets with donor restrictionsStart of year $106,335$52,862
X-32 Total net assets or fund balancesStart of year $584,613$326,508
X-33 Total liabilities and net assetsStart of year $3,684,283$3,730,592
Part XI · Reconciliation of net assets $326,508 net assets at year end
XI-1 Total revenue$4,187,219
XI-2 Total expenses$4,445,324
XI-3 Revenue less expenses−$258,105
XI-4 Net assets at start of year$584,613
XI-10 Net assets at end of year$326,508

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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