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Novato Charter School

Tax-deductible

Novato, CA501(c)(3)Since 2005EducationEIN 56-2609145Revenue $3.8M in FY2025

On file with the IRSnovatocharterschool.org940 C St, 94949-5060 · Novato, CATax-exempt since Aug 2007School — 170(b)(1)(A)(ii)

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The Novato Charter School is an educational community that is committed to the healthy growth and development of the whole child. Through a curriculum inspired by waldorf-methods, our teachers nurture through the imagination in the early years, building a foundation for abstract thinking, gradually and appropriately challenging the intellect throughout the grades. This philosophy places equal emphasis on a solid academic program, artistic expression, social development and attention to the inner life and natural rhythms of the child.

501(c)(3) charity; gifts are tax-deductible.
83¢ of each $1 spent went to programs.
Run by 200 volunteers and 63 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · 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 $137K a year · 4% 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
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
$319K
to officers and key staff · 9% of spending
Top officer’s pay lower than 60% of similar orgs
Looks good: pay to officers and key staff is 9% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
2 mo
of spending, in cash
Fine: 2.4 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $81K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$417K
20% of total assets
Looks good: liabilities are 20% 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
$3.8M
>-0.01% vs prior year
Spent
$3.7M
To programs
83%
Net assets
$1.6M
By yearFY2020–FY2025
Revenue
$3.8M
FY2025>-0.01%
Tap a bar for its year
Revenue by fiscal year
FY2020$2.5M
FY2021$2.8M
FY2022$3.2M
FY2023$3.5M
FY2024$3.8M
FY2025$3.8M
Expenses
$3.7M
FY2025+0.4%
Tap a bar for its year
Expenses by fiscal year
FY2020$2.5M
FY2021$2.6M
FY2022$2.9M
FY2023$3.3M
FY2024$3.7M
FY2025$3.7M
Net assets
$1.6M
FY2025▲ +2%
Tap a bar for its year
Net assets by fiscal year
FY2020$824K
FY2021$1.0M
FY2022$1.3M
FY2023$1.5M
FY2024$1.6M
FY2025$1.6M

From the FY2025 Form 990 (year ending June 2025) · 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 Aug 2007.

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% · $3.1M Management & general 17% · $644K

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

8 people listed on the 990; $319K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Justin Tomola
Principal
$112,731Pt VII · Sec A
Nikki Lloyd
Executive Director
$105,705Pt VII · Sec A
$100,993Pt VII · Sec A
$0Pt VII · Sec A
Mike Hale
Director
$0Pt VII · Sec A
Tom Weldon
Director
$0Pt VII · Sec A
Robin Lee
President
$0Pt VII · Sec A
Ali Iqual
Chief Financial Officer
$0Pt VII · Sec A

Justin Tomola’s $113K as Principal is at the 40th 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

NameFY2025FY2024FY2023FY2022FY2021FY2020
Nikki Lloyd$105,705$108,902$99,568$119,134$111,573$113,302
Justin Tomola$112,731—————
Tara Waterman$100,993—————

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

Nurtures children's healthy growth and development through a Waldorf-inspired curriculum emphasizing academics, arts, and social-emotional learning.

Questions for Novato Charter School

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Provided by the organization

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1 program · $3.1M · in their own filed words · FY2024
01

A charter school providing educational opportunities to the surrounding community serving around 269 students grades K-8TH.

$3.1Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
Novato Charter School FoundationFY2024$81K
Total grants receivedfrom 1 funder$81K

By the numbers

The FY2025 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$3.8M
Ln 12
Gifts and grantsLn 1h$3.8M
Investment incomeLn 3$23K
Money outPt IX
$3.7M
Ln 25
Programscol B$3.1M
Managementcol C$644K
Owns and owesPt X
$1.6M
net assets · Ln 32
Cash and savingsLn 1–2$751K
Total assetsLn 16$2.0M
LiabilitiesLn 26$417K
PeoplePt VI, VII
8
listed · VII A
PaidVII A3
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$3.8M
Government grantsLn 1e$3.5M
Investment incomeLn 3$23K
Total revenueLn 12$3.8M
Assets in detailPt X, end of year
CashLn 1$157K
SavingsLn 2$594K
Cash and savings togetherLn 1–2$751K
Land, buildings, equipmentLn 10c$595K
Other assetsLn 15$10K
Total assetsLn 16$2.0M
LiabilitiesLn 26$417K
Net assetsLn 32$1.6M
OperationsPt I, VI
EmployeesI 563
VolunteersI 6200
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 FY25End FY25
Cash and savingsLn 1–2$957K$751K
Land, buildings, equipmentLn 10c$652K$595K
Total assetsLn 16$2.0M$2.0M
LiabilitiesLn 26$426K$417K
Net assetsLn 32$1.6M$1.6M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$165K$165K
Other salaries and wagesLn 7$2.1M$1.9M$249K
Pension plan contributionsLn 8$386K$323K$63K
Other employee benefitsLn 9$150K$132K$18K
Payroll taxesLn 10$71K$63K$8K
Management feesLn 11a$107K$107K
Legal feesLn 11b$44K$44K
Accounting feesLn 11c$23K$23K
Other fees for servicesLn 11g$195K$192K$4K
Office expensesLn 13$60K$45K$15K
Information technologyLn 14$39K$37K$1K
OccupancyLn 16$127K$68K$59K
TravelLn 17$7K$7K
Depreciation, depletion and amortizationLn 22$58K$51K$6K
InsuranceLn 23$51K$45K$6K
Other expenses (24a–d)Ln 24$145K$110K$35K
Total functional expensesLn 25$3.7M$3.1M$644K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $3.8M$3.7M$33K$1.6M 990 PDF
FY2024 $3.8M$3.7M$47K$1.6M 990 PDF
FY2023 $3.5M$3.3M$204K$1.5M 990 PDF
FY2022 $3.2M$2.9M$291K$1.3M 990 PDF
FY2021 $2.8M$2.6M$223K$1.0M 990 PDF
FY2020 $2.5M$2.5M$23K$824K 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 FY2025 990 (6 parts)
Part I · Summary $3,772,588 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $3,732,492$3,750,017
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $32,417$22,571
I-11 Other revenuePrior year $7,925$0
I-12 Total revenuePrior year $3,772,834$3,772,588
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $2,776,371$2,883,656
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $949,708$856,045
I-18 Total expensesPrior year $3,726,079$3,739,701
I-19 Revenue less expensesPrior year $46,755$32,887
Part VI · Governance 5 of 5 board members independent, no flags
VI-1a Voting members of the governing body5
VI-1b Independent voting members5
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 $3,772,588 across 5 lines filed
VIII-1e Government grants$3,465,125
VIII-1f All other contributions, gifts and grants$284,892
VIII-1h Total contributions, gifts and grants$3,750,017
VIII-3 Investment incomeExcluded from tax $22,571$22,571
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $22,571$3,772,588
Part IX · Statement of functional expenses $3,739,701 across 16 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $165,477$165,477
IX-7 Other salaries and wagesPrograms $1,863,350 · Management $248,680$2,112,030
IX-8 Pension plan contributionsPrograms $322,849 · Management $62,941$385,790
IX-9 Other employee benefitsPrograms $131,594 · Management $17,909$149,503
IX-10 Payroll taxesPrograms $62,980 · Management $7,876$70,856
IX-11a Management feesManagement $106,767$106,767
IX-11b Legal feesManagement $44,344$44,344
IX-11c Accounting feesManagement $23,275$23,275
IX-11g Other fees for servicesPrograms $191,586 · Management $3,599$195,185
IX-13 Office expensesPrograms $44,784 · Management $15,214$59,998
IX-14 Information technologyPrograms $37,367 · Management $1,194$38,561
IX-16 OccupancyPrograms $68,068 · Management $59,353$127,421
IX-17 TravelManagement $6,517$6,517
IX-22 Depreciation, depletion and amortizationPrograms $51,347 · Management $6,421$57,768
IX-23 InsurancePrograms $45,368 · Management $5,674$51,042
IX-24 Other expenses (24a–d)Programs $110,485 · Management $34,682$145,167
IX-25 Total functional expensesPrograms $3,095,255 · Management $644,446 · Fundraising $0$3,739,701
Part X · Balance sheet $2,037,596 assets, 15 lines filed
X-1 Cash, non-interest-bearingStart of year $294,766$156,696
X-2 Savings and temporary cash investmentsStart of year $662,326$594,386
X-3 Pledges and grants receivableStart of year $290,280$385,617
X-4 Accounts receivableStart of year $85,323$280,000
X-9 Prepaid expenses and deferred chargesStart of year $10,017$16,034
X-10c Land, buildings and equipment, netStart of year $652,400$594,631
X-15 Other assetsStart of year $17,906$10,232
X-16 Total assetsStart of year $2,013,018$2,037,596
X-17 Accounts payable and accrued expensesStart of year $311,789$402,754
X-19 Deferred revenueStart of year $95,861$4,261
X-25 Other liabilitiesStart of year $17,906$10,232
X-26 Total liabilitiesStart of year $425,556$417,247
X-27 Net assets without donor restrictionsStart of year $1,587,462$1,620,349
X-32 Total net assets or fund balancesStart of year $1,587,462$1,620,349
X-33 Total liabilities and net assetsStart of year $2,013,018$2,037,596
Part XI · Reconciliation of net assets $1,620,349 net assets at year end
XI-1 Total revenue$3,772,588
XI-2 Total expenses$3,739,701
XI-3 Revenue less expenses$32,887
XI-4 Net assets at start of year$1,587,462
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,620,349

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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