Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in May 1966.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
81 cents of each dollar spent went to programs.
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
29 people listed on the 990; $815K paid to officers and key staff.
Kara Loftin’s $339K as Head of School is at the 71st percentile of top reported officer pay among 3683 $10–100M 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 · 8 named individuals · Part VII
| Name | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Kara Loftin | $338,602 | $288,839 | — | — | — | — |
| Joshua J Clark | — | — | — | $319,651 | $301,211 | $285,494 |
| Joshua Clark | — | — | $178,658 | — | — | — |
| Ryan Hudak | $157,923 | $164,883 | $157,416 | — | — | — |
| William Wharton | — | — | $150,000 | — | — | — |
| Cathlean Coleman | — | — | $149,538 | — | $139,146 | $134,677 |
| Louise Hodapp | — | — | — | $95,923 | $148,696 | $141,307 |
| Foster R Soules | — | — | $148,065 | $145,722 | — | — |
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
Empowers students with dyslexia through foundational education to unlock their potential.
Questions for The Schenck School
Your first name shows with your question. The Schenck School answers here, for everyone.
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The school's three largest service areas are the day school, summer camp, and study lab. The day school was fully enrolled for the 2019-2020 school year with 250 students. The school continues to provide an excellent education to students diagnosed with reading difficulties, namely dyslexia.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2020 990, line by line.
Download 990
| Line | Start FY20 | End FY20 |
|---|---|---|
| Cash and savingsLn 1–2 | $6.8M | $7.9M |
| InvestmentsLn 11–13 | $26.6M | $26.3M |
| Land, buildings, equipmentLn 10c | $8.6M | $8.2M |
| Total assetsLn 16 | $42.6M | $42.8M |
| LiabilitiesLn 26 | $6.3M | $5.6M |
| Net assetsLn 32 | $36.3M | $37.2M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic individualsLn 2 | $598K | $598K | ||
| Pay of current officers, directors and key staffLn 5 | $338K | $286K | $32K | $20K |
| Other salaries and wagesLn 7 | $6.1M | $5.2M | $567K | $364K |
| Pension plan contributionsLn 8 | $290K | $247K | $26K | $17K |
| Other employee benefitsLn 9 | $609K | $461K | $113K | $35K |
| Payroll taxesLn 10 | $459K | $388K | $43K | $28K |
| Legal feesLn 11b | $71K | $71K | ||
| Accounting feesLn 11c | $39K | $36K | $4K | |
| Investment management feesLn 11f | $126K | $126K | ||
| Other fees for servicesLn 11g | $97K | $40K | $56K | $2K |
| Advertising and promotionLn 12 | $91K | $44K | $15K | $32K |
| Office expensesLn 13 | $211K | $134K | $34K | $43K |
| Information technologyLn 14 | $47K | $43K | $3K | $936 |
| OccupancyLn 16 | $326K | $254K | $52K | $20K |
| Depreciation, depletion and amortizationLn 22 | $696K | $543K | $111K | $42K |
| InsuranceLn 23 | $71K | $57K | $10K | $4K |
| Other expenses (24a–d)Ln 24 | $779K | $673K | $71K | $35K |
| All other expensesLn 24e | $84K | $27K | $54K | $3K |
| Total functional expensesLn 25 | $11.0M | $9.0M | $1.4M | $648K |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 Latest | $14.6M | $14.4M | $173K | $47.1M | 990 PDF |
| FY2024 | $13.9M | $13.4M | $476K | $44.9M | 990 PDF |
| FY2023 | $13.5M | $13.5M | $12K | $41.9M | 990 PDF |
| FY2022 | $13.7M | $12.2M | $1.4M | $40.1M | 990 PDF |
| FY2021 | $13.1M | $11.6M | $1.5M | $43.7M | 990 PDF |
| FY2020 Viewing | $12.5M | $11.0M | $1.5M | $37.2M | 990 PDF |
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Schedules filed Part IV
See the full FY2020 990 (6 parts)
Part I · Summary $12,521,772 revenue, 12 lines filed
Part VI · Governance 24 of 24 board members independent, no flags
Part VIII · Statement of revenue $12,521,772 across 8 lines filed
Part IX · Statement of functional expenses $11,031,171 across 18 lines filed
Part X · Balance sheet $42,839,475 assets, 16 lines filed
Part XI · Reconciliation of net assets $37,211,298 net assets at year end
Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File
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