Springmont School INC FY2024 filing

Tax-deductible

Sandy Springs, GA501(c)(3)Since 1964EIN 58-0940357

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Springmont is a montessori School serving children from 18 months old through middle School.

501(c)(3) charity; gifts are tax-deductible.
75¢ of each $1 spent went to programs.
$226K 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

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
5 of 6
filings with a surplus
Average surplus $348K a year · 6% of revenue · last 6 filings
Fine: a surplus in 5 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
75%
of spending
Fine: 75% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$226K
to officers and key staff · 3% of spending
Looks good: pay to officers and key staff is 3% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
5 mo
of spending, in cash
Looks good: 5.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
3
named funders · $16K
Looks good: 3 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$4.7M
46% of total assets
Looks good: liabilities are 46% of assets; 50% or less.
Pt X · Ln 26
Independent board members
12
of 12 voting members
Looks good: 12 of 12 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$7.0M
+6% vs prior year
Spent
$6.7M
To programs
75%
Net assets
$5.5M
By yearFY2020–FY2025
Revenue
$7.0M
FY2024▲ +6%
Revenue by fiscal year
FY2020$5.0M
FY2021$4.1M
FY2022$6.7M
FY2023$6.6M
FY2024$7.0M
FY2025$7.2M
Expenses
$6.7M
FY2024▲ +8%
Expenses by fiscal year
FY2020$4.9M
FY2021$4.7M
FY2022$5.2M
FY2023$6.2M
FY2024$6.7M
FY2025$6.6M
Net assets
$5.5M
FY2024▲ +4%
Net assets by fiscal year
FY2020$4.1M
FY2021$3.5M
FY2022$4.9M
FY2023$5.3M
FY2024$5.5M
FY2025$6.1M

From the FY2024 Form 990 (year ending July 2024) · 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 Apr 1965.

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

Where the money goes

75 cents of each dollar spent went to programs.

Program services 75% · $5.0M Management & general 25% · $1.7M Fundraising 1% · $55K

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

14 people listed on the 990; $226K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
Head of School
$131,647Pt VII · Sec A
Business Operations Manage
$93,896Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Trustee
$0Pt VII · Sec A
$0Pt VII · Sec A

Compensation history total reportable pay by year · 5 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Jonathan K Alden———$270,190$188,241$196,742
Elizabeth Lener$221,230$131,647————
Megan Hakerem——$117,393$85,698——
Willie Campbell—$93,896$49,105———
Jessica Willis$28,195—————

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 children from toddlerhood through middle school using Montessori methods.

Provided by the organization

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2 program services account for $5.0M of program spending, described in the organization's own filed words · FY2023.
01

Provide an educational environment for children through eighth grade to achieve academic and creative potential as well as build social, emotional, intellectual and physical abilities.

$5.0Mprogram expense
02

Springmont offered a primary and toddler summer camp. Families were able to choose between a half day and full day program. Each week has a different theme and includes theme specific activities, arts and crafts, water play, and a special guest.

$6Kprogram expense

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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
Total grants receivedfrom 3 funders$16K
See all 3 funders →
Grants paid · 6 grants · $2.2M · 2019–2024
Unitemized GrantFY2024$287,861
Unitemized GrantFY2023$442,687
Unitemized GrantFY2022$428,167
Unitemized GrantFY2021$338,930
Unitemized GrantFY2020$343,090
Unitemized GrantFY2019$374,805

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$7.0M
Ln 12
Fees for servicesLn 2g$6.6M
Gifts and grantsLn 1h$201K
Investment incomeLn 3$112K
Money outPt IX
$6.7M
Ln 25
Programscol B$5.0M
Managementcol C$1.7M
Fundraisingcol D$55K
Owns and owesPt X
$5.5M
net assets · Ln 32
Cash and savingsLn 1–2$2.9M
Total assetsLn 16$10.2M
LiabilitiesLn 26$4.7M
PeoplePt VI, VII
14
listed · VII A
PaidVII A2
Voting boardVI 1a12
IndependentVI 1b12
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$201K
Government grantsLn 1e$21K
Fees for servicesLn 2g$6.6M
Investment incomeLn 3$112K
Other incomeLn 4–11$83K
Total revenueLn 12$7.0M
Assets in detailPt X, end of year
CashLn 1$309K
SavingsLn 2$2.6M
Cash and savings togetherLn 1–2$2.9M
InvestmentsLn 11–13$2.4M
Land, buildings, equipmentLn 10c$4.7M
Other assetsLn 15$65K
Total assetsLn 16$10.2M
LiabilitiesLn 26$4.7M
Net assetsLn 32$5.5M
OperationsPt I, VI
EmployeesI 583
VolunteersI 6372
Fiscal year endsHeaderJuly
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$5.2M$2.9M
InvestmentsLn 11–13$2.4M
Land, buildings, equipmentLn 10c$4.9M$4.7M
Total assetsLn 16$10.1M$10.2M
LiabilitiesLn 26$4.8M$4.7M
Net assetsLn 32$5.3M$5.5M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$443K$443K
Pay of current officers, directors and key staffLn 5$149K$30K$104K$15K
Other salaries and wagesLn 7$3.7M$2.9M$760K$27K
Pension plan contributionsLn 8$64K$49K$14K$687
Other employee benefitsLn 9$363K$279K$81K$4K
Payroll taxesLn 10$250K$192K$56K$3K
Legal feesLn 11b$25K$25K
Accounting feesLn 11c$22K$22K
Other fees for servicesLn 11g$1K$1K
Advertising and promotionLn 12$104K$98K$6K
Office expensesLn 13$256K$11K$244K
Information technologyLn 14$61K$61K
InterestLn 20$172K$155K$17K
Depreciation, depletion and amortizationLn 22$257K$231K$26K
InsuranceLn 23$75K$75K
Other expenses (24a–d)Ln 24$757K$685K$72K
All other expensesLn 24e$420$420
Total functional expensesLn 25$6.7M$5.0M$1.7M$55K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $7.2M$6.6M$528K$6.1M 990 PDF
FY2024 Viewing $7.0M$6.7M$238K$5.5M 990 PDF
FY2023 $6.6M$6.2M$360K$5.3M 990 PDF
FY2022 $6.7M$5.2M$1.5M$4.9M 990 PDF
FY2021 $4.1M$4.7M−$677K$3.5M 990 PDF
FY2020 $5.0M$4.9M$140K$4.1M 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 (4 parts)
Part VIII · Statement of revenue $6,971,111 across 7 lines filed
VIII-1e Government grants$20,719
VIII-1f All other contributions, gifts and grants$179,909
VIII-1h Total contributions, gifts and grants$200,628
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $6,575,318$6,575,318
VIII-3 Investment incomeExcluded from tax $112,078$112,078
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $83,087$83,087
VIII-12 Total revenueRelated to mission $6,658,405 · Unrelated business $0 · Excluded from tax $112,078$6,971,111
Part IX · Statement of functional expenses $6,733,512 across 17 lines filed
IX-2 Grants to domestic individualsPrograms $442,687$442,687
IX-5 Pay of current officers, directors and key staffPrograms $29,833 · Management $104,417 · Fundraising $14,917$149,167
IX-7 Other salaries and wagesPrograms $2,946,380 · Management $760,439 · Fundraising $26,802$3,733,621
IX-8 Pension plan contributionsPrograms $49,033 · Management $14,249 · Fundraising $687$63,969
IX-9 Other employee benefitsPrograms $278,554 · Management $80,945 · Fundraising $3,905$363,404
IX-10 Payroll taxesPrograms $192,005 · Management $55,795 · Fundraising $2,691$250,491
IX-11b Legal feesManagement $24,536$24,536
IX-11c Accounting feesManagement $22,260$22,260
IX-11g Other fees for servicesManagement $1,358$1,358
IX-12 Advertising and promotionManagement $97,606 · Fundraising $6,120$103,726
IX-13 Office expensesPrograms $11,241 · Management $244,454$255,695
IX-14 Information technologyManagement $60,822$60,822
IX-20 InterestPrograms $154,602 · Management $17,115$171,717
IX-22 Depreciation, depletion and amortizationPrograms $231,333 · Management $25,704$257,037
IX-23 InsuranceManagement $75,479$75,479
IX-24 Other expenses (24a–d)Programs $684,756 · Management $72,367$757,123
IX-24e All other expensesManagement $420$420
IX-25 Total functional expensesPrograms $5,020,424 · Management $1,657,966 · Fundraising $55,122$6,733,512
Part X · Balance sheet $10,203,028 assets, 17 lines filed
X-1 Cash, non-interest-bearingStart of year $5,174,181$308,903
X-2 Savings and temporary cash investments$2,636,874
X-4 Accounts receivableStart of year $731$1,692
X-9 Prepaid expenses and deferred chargesStart of year $70,961$90,879
X-10c Land, buildings and equipment, netStart of year $4,874,397$4,724,423
X-11 Publicly traded securities$2,375,096
X-15 Other assetsStart of year $7,411$65,161
X-16 Total assetsStart of year $10,127,681$10,203,028
X-17 Accounts payable and accrued expensesStart of year $145,089$77,748
X-19 Deferred revenueStart of year $2,932,850$3,005,189
X-20 Tax-exempt bond liabilitiesStart of year $1,750,034$1,525,034
X-25 Other liabilitiesStart of year $7,411$65,161
X-26 Total liabilitiesStart of year $4,835,384$4,673,132
X-27 Net assets without donor restrictionsStart of year $5,225,860$5,462,814
X-28 Net assets with donor restrictionsStart of year $66,437$67,082
X-32 Total net assets or fund balancesStart of year $5,292,297$5,529,896
X-33 Total liabilities and net assetsStart of year $10,127,681$10,203,028
Part XI · Reconciliation of net assets $5,529,896 net assets at year end
XI-1 Total revenue$6,971,111
XI-2 Total expenses$6,733,512
XI-3 Revenue less expenses$237,599
XI-4 Net assets at start of year$5,292,297
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$5,529,896

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

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