Village School: FY2020 Nonprofit Profile & Form 990 (EIN 54-1745508)

Revenue by fiscal year
FY2020	$1.5M
FY2021	$1.7M
FY2022	$1.6M
FY2023	$1.6M
FY2024	$1.8M

Expenses by fiscal year
FY2020	$1.3M
FY2021	$1.3M
FY2022	$1.4M
FY2023	$1.5M
FY2024	$1.7M

Net assets by fiscal year
FY2020	$1.4M
FY2021	$1.7M
FY2022	$2.0M
FY2023	$2.0M
FY2024	$2.2M

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jul 1995.

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

Where the money goes

86 cents of each dollar spent went to programs.

86%

Program services 86% · $1.1M Management & general 11% · $140K Fundraising 3% · $34K

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

4 people listed on the 990; $269K 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

Jamie Knorr

President

$99,000Pt VII · Sec A

Proal Heartwell

Vice President & Secretary

$89,946Pt VII · Sec A

Eliza O'Connel

Head of School

$79,708Pt VII · Sec A

Helene Downs

Treasurer

$0Pt VII · Sec A

Eliza O'Connel’s $137K as Head of School is at the 57th percentile of top reported officer pay among 3395 $1–10M 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 · 3 named individuals · Part VII

Name	FY2024	FY2023	FY2022	FY2021	FY2020
Eliza O'Connel	$137,449	$132,541	$108,871	$107,434	$79,708
Proal Heartwell	$102,249	$99,000	$100,186	$105,518	$89,946
Jamie Knorr	$44,499	$82,500	$100,150	$99,000	$99,000

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 15aNo

Programs and updates

Educates girls in grades five through eight, fostering confidence and intellectual curiosity.

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Provided by the organization

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1 program · $1.1M · in their own filed words · FY2019

01

Village school's singular program is the education of girls in grades 5 through 8. It provides core instruction in math, english, history, latin and science to 77 students in addition to classes in study skills, music, dance, drama, art and health.

$1.1Mprogram 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

Donor Advised Charitable Giving INCFY2024$211K

Fidelity Investments Charitable Gift FundFY2024$31K

American Online Giving Foundation INCFY2024$19K

The Chicago Community TrustFY2024$16K

Vanguard Charitable Endowment ProgramFY2024$6K

Morgan Stanley Global Impact Funding Trust INCFY2024$5K

Total grants receivedfrom 6 funders$287K

See all 6 funders →

Grants paid · 5 grants · $347K · 2019–2023

Unitemized GrantFY2023$88,688

Unitemized GrantFY2022$85,800

Unitemized GrantFY2021$79,912

Unitemized GrantFY2020$57,860

Unitemized GrantFY2019$34,860

By the numbers

The FY2020 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$1.5M

Ln 12

Fees for servicesLn 2g$1.3M

Gifts and grantsLn 1h$179K

Other incomeLn 4–11$2K

Money outPt IX

$1.3M

Ln 25

Programscol B$1.1M

Managementcol C$140K

Fundraisingcol D$34K

Owns and owesPt X

$1.4M

net assets · Ln 32

Cash and savingsLn 1–2$989K

Total assetsLn 16$2.5M

LiabilitiesLn 26$1.1M

PeoplePt VI, VII

4

listed · VII A

PaidVII A3

Voting boardVI 1a3

IndependentVI 1b1

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$179K

Noncash giftsLn 1g$5K

Fees for servicesLn 2g$1.3M

Investment incomeLn 3$119

Other incomeLn 4–11$2K

Gains on assetsLn 7$109

Total revenueLn 12$1.5M

Assets in detailPt X, end of year

CashLn 1$648K

SavingsLn 2$340K

Cash and savings togetherLn 1–2$989K

Land, buildings, equipmentLn 10c$1.5M

Total assetsLn 16$2.5M

LiabilitiesLn 26$1.1M

Net assetsLn 32$1.4M

OperationsPt I, VI

EmployeesI 511

VolunteersI 673

Fiscal year endsHeaderAugust

Conflict-of-interest policyVI 12aNo

Whistleblower policyVI 13No

Records policyVI 14No

3Year over year

Balance sheet, start vs end of yearPt X · col A, B

Line	Start FY20	End FY20
Cash and savingsLn 1–2	$746K	$989K
Land, buildings, equipmentLn 10c	$1.5M	$1.5M
Total assetsLn 16	$2.2M	$2.5M
LiabilitiesLn 26	$1.1M	$1.1M
Net assetsLn 32	$1.2M	$1.4M

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Grants to domestic individualsLn 2	$35K	$35K
Pay of current officers, directors and key staffLn 5	$322K	$215K	$79K	$29K
Other salaries and wagesLn 7	$380K	$361K	$20K
Pension plan contributionsLn 8	$7K	$7K	$333
Other employee benefitsLn 9	$29K	$24K	$4K	$1K
Payroll taxesLn 10	$50K	$41K	$6K	$2K
Accounting feesLn 11c	$15K		$15K
Other fees for servicesLn 11g	$52K	$52K
Advertising and promotionLn 12	$5K	$5K
Office expensesLn 13	$13K	$9K	$3K	$1K
Information technologyLn 14	$10K	$10K
OccupancyLn 16	$186K	$177K	$9K
InterestLn 20	$17K	$17K
Depreciation, depletion and amortizationLn 22	$48K	$45K	$2K
InsuranceLn 23	$13K	$13K
Other expenses (24a–d)Ln 24	$68K	$67K	$769
All other expensesLn 24e	$14K	$14K	$91	$651
Total functional expensesLn 25	$1.3M	$1.1M	$140K	$34K

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2024 Latest	$1.8M	$1.7M	$109K	$2.2M	990 PDF
FY2023	$1.6M	$1.5M	$94K	$2.0M	990 PDF
FY2022	$1.6M	$1.4M	$209K	$2.0M	990 PDF
FY2021	$1.7M	$1.3M	$321K	$1.7M	990 PDF
FY2020 Viewing	$1.5M	$1.3M	$261K	$1.4M	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 O · Explanations

See the full FY2020 990 (6 parts)

Part I · Summary $1,526,135 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $143,080$179,038

I-9 Program service revenuePrior year $1,318,336$1,345,278

I-10 Investment incomePrior year −$4,821$119

I-11 Other revenuePrior year $4,300$1,700

I-12 Total revenuePrior year $1,460,895$1,526,135

I-13 Grants and similar amounts paidPrior year $47,744$34,860

I-14 Benefits paid to membersPrior year $0$0

I-15 Salaries and benefitsPrior year $791,267$788,490

I-16a Professional fundraising feesPrior year $0$0

I-17 Other expensesPrior year $477,341$441,651

I-18 Total expensesPrior year $1,316,352$1,265,001

I-19 Revenue less expensesPrior year $144,543$261,134

Part VI · Governance 1 of 3 board members independent, 4 to look at

VI-1a Voting members of the governing body3

VI-1b Independent voting members1

VI-12a Written conflict of interest policyNo

VI-13 Written whistleblower policyNo

VI-14 Document retention and destruction policyNo

VI-15a Process for setting top official's payNo

VI-2 Family or business relationship among officers or directorsNo

Part VIII · Statement of revenue $1,526,135 across 8 lines filed

VIII-1f All other contributions, gifts and grants$179,038

VIII-1g Noncash contributions (included above)$5,285

VIII-1h Total contributions, gifts and grants$179,038

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,345,278$1,345,278

VIII-3 Investment incomeExcluded from tax $10$10

VIII-6 Net rental income or lossExcluded from tax $1,700$1,700

VIII-7 Net gain or loss on sales of assetsExcluded from tax $109$109

VIII-12 Total revenueRelated to mission $1,345,278 · Unrelated business $0 · Excluded from tax $1,819$1,526,135

Part IX · Statement of functional expenses $1,265,001 across 17 lines filed

IX-2 Grants to domestic individualsPrograms $34,860$34,860

IX-5 Pay of current officers, directors and key staffPrograms $215,008 · Management $78,543 · Fundraising $28,934$322,485

IX-7 Other salaries and wagesPrograms $360,723 · Management $19,584$380,307

IX-8 Pension plan contributionsPrograms $6,919 · Management $333$7,252

IX-9 Other employee benefitsPrograms $23,562 · Management $4,016 · Fundraising $1,184$28,762

IX-10 Payroll taxesPrograms $41,488 · Management $6,392 · Fundraising $1,804$49,684

IX-11c Accounting feesManagement $14,750$14,750

IX-11g Other fees for servicesPrograms $52,376$52,376

IX-12 Advertising and promotionPrograms $5,354$5,354

IX-13 Office expensesPrograms $8,715 · Management $3,352 · Fundraising $1,341$13,408

IX-14 Information technologyPrograms $10,317$10,317

IX-16 OccupancyPrograms $176,613 · Management $9,295$185,908

IX-20 InterestPrograms $16,873$16,873

IX-22 Depreciation, depletion and amortizationPrograms $45,414 · Management $2,390$47,804

IX-23 InsurancePrograms $12,805$12,805

IX-24 Other expenses (24a–d)Programs $66,880 · Management $769$67,649

IX-24e All other expensesPrograms $13,665 · Management $91 · Fundraising $651$14,407

IX-25 Total functional expensesPrograms $1,091,572 · Management $139,515 · Fundraising $33,914$1,265,001

Part X · Balance sheet $2,472,428 assets, 11 lines filed

X-1 Cash, non-interest-bearingStart of year $737,484$648,073

X-2 Savings and temporary cash investmentsStart of year $8,562$340,458

X-10c Land, buildings and equipment, netStart of year $1,468,280$1,483,897

X-16 Total assetsStart of year $2,214,326$2,472,428

X-19 Deferred revenueStart of year $633,821$637,449

X-25 Other liabilitiesStart of year $1,883$152,098

X-26 Total liabilitiesStart of year $1,055,513$1,052,481

X-27 Net assets without donor restrictionsStart of year $1,098,466$1,373,100

X-28 Net assets with donor restrictionsStart of year $60,347$46,847

X-32 Total net assets or fund balancesStart of year $1,158,813$1,419,947

X-33 Total liabilities and net assetsStart of year $2,214,326$2,472,428

Part XI · Reconciliation of net assets $1,419,947 net assets at year end

XI-1 Total revenue$1,526,135

XI-2 Total expenses$1,265,001

XI-3 Revenue less expenses$261,134

XI-4 Net assets at start of year$1,158,813

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year$1,419,947

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

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Village School FY2020 filing

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