Willow School INC FY2020 filing

Tax-deductible

Vero Beach, FL501(c)(3)EducationEIN 54-2143707

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To provide a highly engaging education that prepares socially responsible lifelong learner empowered to realize their full potential

501(c)(3) charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
$109K 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
2 of 6
filings with a surplus
Average deficit $18K a year · 2% of revenue · last 6 filings
Concern: a surplus in 2 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$109K
to officers and key staff · 16% of spending
Fine: pay to officers and key staff is 16% of spending; 15% to 20%.
Pt VII · Sec A
Cash reserves
5 mo
of spending, in cash
Looks good: 4.9 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$22K
7% of total assets
Looks good: liabilities are 7% of assets; 50% or less.
Pt X · Ln 26
Independent board members
5
of 5 voting members
Looks good: 5 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$760K
Spent
$666K
To programs
100%
Net assets
$285K
By yearFY2020–FY2025
Revenue
$760K
FY2020
Revenue by fiscal year
FY2020$760K
FY2021$536K
FY2022$656K
FY2023$875K
FY2024$748K
FY2025$829K
Expenses
$666K
FY2020
Expenses by fiscal year
FY2020$666K
FY2021$595K
FY2022$694K
FY2023$932K
FY2024$814K
FY2025$814K
Net assets
$285K
FY2020
Net assets by fiscal year
FY2020$285K
FY2021$226K
FY2022$207K
FY2023$150K
FY2024$85K
FY2025$59K

From the FY2020 Form 990 (year ending June 2020) · 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 Sep 2005.

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

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $665K Management & general 0% · $1K

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; $109K 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
$41,000Pt VII · Sec A
Secretary
$35,500Pt VII · Sec A
Vice President
$32,448Pt VII · Sec A
$0Pt VII · Sec A

Stephanie Heady’s $41K as President is at the 32nd percentile of top reported officer pay among 1613 $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.

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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

Empowering individuals with engaging education for lifelong learning and full potential.

Provided by the organization

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1 program · $661K · in their own filed words · FY2019
01

During the school year attendance was increased after school enrichment activities were expanded and the school expanded their tutoring services to provide after school tutoring in reading and math

$661Kprogram expense

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$760K
Ln 12
Fees for servicesLn 2g$633K
Gifts and grantsLn 1h$126K
Money outPt IX
$666K
Ln 25
Programscol B$665K
Managementcol C$1K
Owns and owesPt X
$285K
net assets · Ln 32
Cash and savingsLn 1–2$271K
Total assetsLn 16$307K
LiabilitiesLn 26$22K
PeoplePt VI, VII
4
listed · VII A
PaidVII A3
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$126K
Fees for servicesLn 2g$633K
Total revenueLn 12$760K
Assets in detailPt X, end of year
CashLn 1$271K
Cash and savings togetherLn 1–2$271K
Other assetsLn 15$1K
Total assetsLn 16$307K
LiabilitiesLn 26$22K
Net assetsLn 32$285K
OperationsPt I, VI
EmployeesI 516
VolunteersI 62
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 FY20End FY20
Cash and savingsLn 1–2$238K$271K
Total assetsLn 16$243K$307K
LiabilitiesLn 26$52K$22K
Net assetsLn 32$191K$285K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$109K$109K
Other salaries and wagesLn 7$303K$303K
Payroll taxesLn 10$77K$77K
Office expensesLn 13$12K$12K
Depreciation, depletion and amortizationLn 22$1K$1K
InsuranceLn 23$37K$37K
Other expenses (24a–d)Ln 24$127K$127K
Total functional expensesLn 25$666K$665K$1K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $829K$814K$15K$59K 990 PDF
FY2024 $748K$814K−$66K$85K 990 PDF
FY2023 $875K$932K−$57K$150K 990 PDF
FY2022 $656K$694K−$38K$207K 990 PDF
FY2021 $536K$595K−$59K$226K 990 PDF
FY2020 Viewing $760K$666K$94K$285K 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 FY2020 990 (4 parts)
Part VIII · Statement of revenue $759,941 across 5 lines filed
VIII-1f All other contributions, gifts and grants$122,269
VIII-1h Total contributions, gifts and grants$126,452
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $633,489$633,489
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $633,489$759,941
Part IX · Statement of functional expenses $665,830 across 7 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $108,948$108,948
IX-7 Other salaries and wagesPrograms $303,016$303,016
IX-10 Payroll taxesPrograms $76,523$76,523
IX-13 Office expensesPrograms $12,180$12,180
IX-22 Depreciation, depletion and amortizationManagement $1,151$1,151
IX-23 InsurancePrograms $36,923$36,923
IX-24 Other expenses (24a–d)Programs $127,089$127,089
IX-25 Total functional expensesPrograms $664,679 · Management $1,151 · Fundraising $0$665,830
Part X · Balance sheet $307,118 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $238,252$271,379
X-4 Accounts receivableStart of year $3,517$34,579
X-15 Other assetsStart of year $150$1,160
X-16 Total assetsStart of year $243,070$307,118
X-19 Deferred revenueStart of year $52,197$22,132
X-26 Total liabilitiesStart of year $52,197$22,132
X-27 Net assets without donor restrictionsStart of year $190,873$284,986
X-32 Total net assets or fund balancesStart of year $190,873$284,986
X-33 Total liabilities and net assetsStart of year $243,070$307,118
Part XI · Reconciliation of net assets $284,986 net assets at year end
XI-1 Total revenue$759,941
XI-2 Total expenses$665,830
XI-3 Revenue less expenses$94,111
XI-4 Net assets at start of year$190,873
XI-10 Net assets at end of year$284,986

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

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