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Willow School INC FY2024 filing

Tax-deductible

Vero Beach, FL501(c)(3)EducationEIN 54-2143707Revenue $748K in FY2024

On file with the IRSthewillowschool.com950 43rd Ave, 32960-6104 · Vero Beach, FLTax-exempt since Sep 2005School — 170(b)(1)(A)(ii)

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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.
98¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

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
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
98%
of spending
Looks good: 98% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
2 mo
of spending, in cash
Fine: 1.5 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$50K
37% of total assets
Looks good: liabilities are 37% of assets; 50% or less.
Pt X · Ln 26
Independent board members
0
of 4 voting members
Concern: none of 4 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$748K
-15% vs prior year
Spent
$814K
To programs
98%
Net assets
$85K
By yearFY2020–FY2025
Revenue
$748K
FY2024▼ -15%
Tap a bar for its year
Revenue by fiscal year
FY2020$760K
FY2021$536K
FY2022$656K
FY2023$875K
FY2024$748K
FY2025$829K
Expenses
$814K
FY2024▼ -13%
Tap a bar for its year
Expenses by fiscal year
FY2020$666K
FY2021$595K
FY2022$694K
FY2023$932K
FY2024$814K
FY2025$814K
Net assets
$85K
FY2024▼ -44%
Tap a bar for its year
Net assets by fiscal year
FY2020$285K
FY2021$226K
FY2022$207K
FY2023$150K
FY2024$85K
FY2025$59K

From the FY2024 Form 990 (year ending June 2024) · 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 Sep 2005.

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

Where the money goes

98 cents of each dollar spent went to programs.

Program services 98% · $794K Management & general 1% · $10K Fundraising 1% · $10K

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

6 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
Cheryl Meade
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
Kristen Aston
Secretary
$0Pt VII · Sec A
Peter Turner
President
$0Pt VII · Sec A
$0Pt 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.

See Willow School INC executive salaries →

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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.

Questions for Willow School INC

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Provided by the organization

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1 program · $794K · in their own filed words · FY2023
01

See schedule "o"

$794Kprogram expense

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$748K
Ln 12
Fees for servicesLn 2g$708K
Gifts and grantsLn 1h$41K
Money outPt IX
$814K
Ln 25
Programscol B$794K
Managementcol C$10K
Fundraisingcol D$10K
Owns and owesPt X
$85K
net assets · Ln 32
Cash and savingsLn 1–2$99K
Total assetsLn 16$135K
LiabilitiesLn 26$50K
PeoplePt VI, VII
6
listed · VII A
PaidVII A0
Voting boardVI 1a4
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$41K
Government grantsLn 1e$23K
Fees for servicesLn 2g$708K
Total revenueLn 12$748K
Assets in detailPt X, end of year
CashLn 1$99K
Cash and savings togetherLn 1–2$99K
Land, buildings, equipmentLn 10c$27K
Total assetsLn 16$135K
LiabilitiesLn 26$50K
Net assetsLn 32$85K
OperationsPt I, VI
EmployeesI 516
VolunteersI 62
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
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$176K$99K
Land, buildings, equipmentLn 10c$9K$27K
Total assetsLn 16$189K$135K
LiabilitiesLn 26$39K$50K
Net assetsLn 32$150K$85K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$564K$564K
Payroll taxesLn 10$40K$40K
Accounting feesLn 11c$5K$5K
OccupancyLn 16$48K$48K
Depreciation, depletion and amortizationLn 22$7K$7K
InsuranceLn 23$46K$46K
Other expenses (24a–d)Ln 24$71K$71K
All other expensesLn 24e$32K$19K$3K$10K
Total functional expensesLn 25$814K$794K$10K$10K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $829K$814K$15K$59K 990 PDF
FY2024 Viewing $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 $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 FY2024 990 (6 parts)
Part I · Summary $748,389 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $277,679$40,523
I-9 Program service revenuePrior year $597,806$707,866
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenuePrior year $875,485$748,389
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $646,000$604,367
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $286,127$209,530
I-18 Total expensesPrior year $932,127$813,897
I-19 Revenue less expensesPrior year −$56,642−$65,508
Part VI · Governance 0 of 4 board members independent, 2 to look at
VI-1a Voting members of the governing body4
VI-1b Independent voting members0
VI-13 Written whistleblower policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $748,389 across 5 lines filed
VIII-1e Government grants$22,572
VIII-1h Total contributions, gifts and grants$40,523
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $707,866$707,866
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $707,866$748,389
Part IX · Statement of functional expenses $813,897 across 8 lines filed
IX-7 Other salaries and wagesPrograms $564,299$564,299
IX-10 Payroll taxesPrograms $40,068$40,068
IX-11c Accounting feesPrograms $4,700$4,700
IX-16 OccupancyPrograms $48,203$48,203
IX-22 Depreciation, depletion and amortizationManagement $7,261$7,261
IX-23 InsurancePrograms $46,499$46,499
IX-24 Other expenses (24a–d)Programs $71,235$71,235
IX-24e All other expensesPrograms $18,799 · Management $2,866 · Fundraising $9,967$31,632
IX-25 Total functional expensesPrograms $793,803 · Management $10,127 · Fundraising $9,967$813,897
Part X · Balance sheet $134,816 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $176,093$99,027
X-4 Accounts receivableStart of year $3,965$8,700
X-10c Land, buildings and equipment, netStart of year $8,594$27,089
X-16 Total assetsStart of year $188,652$134,816
X-17 Accounts payable and accrued expensesStart of year $11,764$14,118
X-19 Deferred revenueStart of year $26,807$36,125
X-26 Total liabilitiesStart of year $38,571$50,243
X-27 Net assets without donor restrictionsStart of year $150,081$84,573
X-32 Total net assets or fund balancesStart of year $150,081$84,573
X-33 Total liabilities and net assetsStart of year $188,652$134,816
Part XI · Reconciliation of net assets $84,573 net assets at year end
XI-1 Total revenue$748,389
XI-2 Total expenses$813,897
XI-3 Revenue less expenses−$65,508
XI-4 Net assets at start of year$150,081
XI-10 Net assets at end of year$84,573

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

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