Cliff Valley School Incorporated FY2021 filing

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To provide outstanding education, focused on children's academic and social development in a caring community environment.

501(c)(3) charity; gifts are tax-deductible.
86¢ of each $1 spent went to programs.
$424K 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

FY2021 · 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 $819K a year · 9% 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
86%
of spending
Looks good: 86% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$424K
to officers and key staff · 6% of spending
Looks good: pay to officers and key staff is 6% of spending; 15% or less.
Pt VII · Sec A
3 mo
of spending, in cash
Looks good: 3.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $10K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$10.3M
70% of total assets
Worth a look: liabilities are 70% of assets; over 65%.
Pt X · Ln 26
Independent board members
20
of 20 voting members
Looks good: 20 of 20 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$7.6M
+7% vs prior year
Spent
$7.0M
To programs
86%
Net assets
$4.3M
By yearFY2020–FY2025
Revenue
$7.6M
FY2021▲ +7%
Tap a bar for its year
Revenue by fiscal year
FY2020$7.1M
FY2021$7.6M
FY2022$9.9M
FY2023$9.6M
FY2024$10.0M
FY2025$10.1M
Expenses
$7.0M
FY2021▲ +2%
Tap a bar for its year
Expenses by fiscal year
FY2020$6.9M
FY2021$7.0M
FY2022$8.2M
FY2023$8.6M
FY2024$9.2M
FY2025$9.4M
Net assets
$4.3M
FY2021▲ +21%
Tap a bar for its year
Net assets by fiscal year
FY2020$3.6M
FY2021$4.3M
FY2022$5.8M
FY2023$6.8M
FY2024$7.7M
FY2025$8.3M

From the FY2021 Form 990 (year ending June 2021) · figures checked against the IRS filing · see the original

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You’re viewing the FY2021 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 Jan 1975.

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

Where the money goes

86 cents of each dollar spent went to programs.

Program services 86% · $6.0M Management & general 13% · $943K Fundraising 1% · $66K

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

22 people listed on the 990; $424K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
Head of School, Ex-Officio
$278,943Pt VII · Sec A
Director of Finance
$145,099Pt VII · Sec A
Chairperson
$0Pt VII · Sec A
Vice Chairperson
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Past Chair
$0Pt VII · Sec A
$0Pt VII · Sec A

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Michael Edwards$353,301$336,275$290,650$298,264$278,943$259,353
Loretta Chapman$173,499$163,401$144,149$152,665$145,099$135,361

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.

See Cliff Valley School Incorporated executive salaries →

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 preschool through eighth grade in the Cliff Valley community.

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3 programs · $6.0M · in their own filed words · FY2020
01

Instruction

Cliff valley is distinguished by our teachers' ability to bring the highest level of expertise, experience, and creativity to the classroom setting. Student-teacher ratios range from 4:1 in preschool to 8:1 in kindergarten through eighth grade, and students' experiences reflect this.

$5.9Mprogram expense
02

Summer Camp

Recreational and educational experiences are offered for children in preschool through eighth grade during the summer months.

$75Kprogram expense
03

After School Program

Fun and learning continue after the day's last class. Starting in kindergarten a wide variety of after school programs are offered with the opportunity to develop skills beyond the classroom. Programs rotate throughout the year to keep interests fresh and to help students explore new areas of interest.

$59Kprogram expense

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 · FY2025
Total grants receivedfrom 1 funder$10K
Grants paid · 7 grants · $249K · 2019–2024
Unitemized GrantFY2024$60,000
Unitemized GrantFY2024$34,229
Unitemized GrantFY2023$34,600
Unitemized GrantFY2022$32,900
Unitemized GrantFY2021$34,312
Unitemized GrantFY2020$31,270
Unitemized GrantFY2019$21,302

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$7.6M
Ln 12
Fees for servicesLn 2g$7.3M
Gifts and grantsLn 1h$303K
Investment incomeLn 3$37K
Money outPt IX
$7.0M
Ln 25
Programscol B$6.0M
Managementcol C$943K
Fundraisingcol D$66K
Owns and owesPt X
$4.3M
net assets · Ln 32
Cash and savingsLn 1–2$1.8M
Total assetsLn 16$14.7M
LiabilitiesLn 26$10.3M
PeoplePt VI, VII
22
listed · VII A
PaidVII A2
Voting boardVI 1a20
IndependentVI 1b20
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$303K
Noncash giftsLn 1g$2K
Fundraising eventsLn 1c$26K
Fees for servicesLn 2g$7.3M
Investment incomeLn 3$37K
Other incomeLn 4–11$33K
Gains on assetsLn 7$19K
Total revenueLn 12$7.6M
Assets in detailPt X, end of year
CashLn 1$242K
SavingsLn 2$1.5M
Cash and savings togetherLn 1–2$1.8M
Pledges and grants receivableLn 3$13K
Accounts receivableLn 4$18K
Prepaid expenses and deferred chargesLn 9$205K
Land, buildings, equipmentLn 10c$9.5M
InvestmentsLn 11–13$1.1M
Other assetsLn 15$2.1M
Total assetsLn 16$14.7M
LiabilitiesLn 26$10.3M
Net assetsLn 32$4.3M
OperationsPt I, VI
EmployeesI 5131
VolunteersI 660
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3More from this return
EndowmentSch D · Pt V
LineFY21FY20FY19FY18FY17
End of yearLn 1g$120K$88K$82K$48K$38K
Given inLn 1b$4K$2K$29K$7K$38K
4Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$1.7M$1.8M
InvestmentsLn 11–13$822K$1.1M
Land, buildings, equipmentLn 10c$9.8M$9.5M
Total assetsLn 16$13.7M$14.7M
LiabilitiesLn 26$10.2M$10.3M
Net assetsLn 32$3.6M$4.3M
5Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$31K$31K
Pay of current officers, directors and key staffLn 5$460K$150K$310K
Other salaries and wagesLn 7$4.1M$3.8M$275K$50K
Pension plan contributionsLn 8$180K$156K$22K$2K
Other employee benefitsLn 9$397K$339K$53K$5K
Payroll taxesLn 10$322K$275K$44K$4K
Accounting feesLn 11c$18K$18K
Advertising and promotionLn 12$9K$9K
Office expensesLn 13$72K$24K$45K$3K
Information technologyLn 14$57K$31K$26K
OccupancyLn 16$431K$399K$31K$1K
Conferences, conventions and meetingsLn 19$11K$5K$6K
InterestLn 20$253K$211K$41K$667
Depreciation, depletion and amortizationLn 22$431K$375K$54K$1K
InsuranceLn 23$96K$92K$3K$259
Other expenses (24a–d)Ln 24$151K$139K$12K
All other expensesLn 24e$12K$9K$3K$284
Total functional expensesLn 25$7.0M$6.0M$943K$66K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled with the IRS Apr 27, 2026 $10.1M$9.4M$635K$8.3M 990 PDF
FY2024Filed with the IRS May 7, 2025 $10.0M$9.2M$749K$7.7M 990 PDF
FY2023Filed with the IRS May 15, 2024 $9.6M$8.6M$1.0M$6.8M 990 PDF
FY2022Filed with the IRS May 15, 2023 $9.9M$8.2M$1.6M$5.8M 990 PDF
FY2021 ViewingFiled with the IRS May 16, 2022 $7.6M$7.0M$615K$4.3M 990 PDF
FY2020Filed with the IRS Mar 2, 2021 $7.1M$6.9M$260K$3.6M 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support J · Pay O · Explanations
See the full FY2021 990 (6 parts)
Part I · Summary $7,637,920 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $261,441$302,645
I-9 Program service revenuePrior year $6,831,271$7,264,758
I-10 Investment incomePrior year $32,321$37,458
I-11 Other revenuePrior year −$1,756$33,059
I-12 Total revenuePrior year $7,123,277$7,637,920
I-13 Grants and similar amounts paidPrior year $21,302$31,270
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $5,349,300$5,453,320
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $1,493,096$1,538,644
I-18 Total expensesPrior year $6,863,698$7,023,234
I-19 Revenue less expensesPrior year $259,579$614,686
Part VI · Governance 20 of 20 board members independent, no flags
VI-1a Voting members of the governing body20
VI-1b Independent voting members20
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 $7,637,920 across 11 lines filed
Lines not itemized here account for $2,550 of total revenue; see the IRS return.
VIII-1c Fundraising events$26,015
VIII-1f All other contributions, gifts and grants$276,630
VIII-1g Noncash contributions (included above)$2,395
VIII-1h Total contributions, gifts and grants$302,645
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $7,264,758$7,264,758
VIII-3 Investment incomeExcluded from tax $18,170$18,170
VIII-6 Net rental income or lossUnrelated business −$1,709 · Excluded from tax $21,448$19,739
VIII-7 Net gain or loss on sales of assetsExcluded from tax $19,288$19,288
VIII-8 Net income from fundraising eventsExcluded from tax $4,770$4,770
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $6,000$6,000
VIII-12 Total revenueRelated to mission $7,264,758 · Unrelated business −$1,709 · Excluded from tax $72,226$7,637,920
Part IX · Statement of functional expenses $7,023,234 across 17 lines filed
IX-2 Grants to domestic individualsPrograms $31,270$31,270
IX-5 Pay of current officers, directors and key staffPrograms $150,000 · Management $310,000$460,000
IX-7 Other salaries and wagesPrograms $3,769,829 · Management $275,187 · Fundraising $50,000$4,095,016
IX-8 Pension plan contributionsPrograms $155,629 · Management $22,172 · Fundraising $1,894$179,695
IX-9 Other employee benefitsPrograms $339,357 · Management $52,803 · Fundraising $4,512$396,672
IX-10 Payroll taxesPrograms $274,603 · Management $43,608 · Fundraising $3,726$321,937
IX-11c Accounting feesManagement $18,000$18,000
IX-12 Advertising and promotionPrograms $8,608$8,608
IX-13 Office expensesPrograms $24,300 · Management $44,633 · Fundraising $2,845$71,778
IX-14 Information technologyPrograms $30,879 · Management $26,113$56,992
IX-16 OccupancyPrograms $398,715 · Management $30,864 · Fundraising $1,015$430,594
IX-19 Conferences, conventions and meetingsPrograms $4,890 · Management $5,634$10,524
IX-20 InterestPrograms $211,216 · Management $41,448 · Fundraising $667$253,331
IX-22 Depreciation, depletion and amortizationPrograms $375,161 · Management $54,325 · Fundraising $1,032$430,518
IX-23 InsurancePrograms $92,105 · Management $3,364 · Fundraising $259$95,728
IX-24 Other expenses (24a–d)Programs $138,981 · Management $11,860$150,841
IX-24e All other expensesPrograms $8,739 · Management $2,707 · Fundraising $284$11,730
IX-25 Total functional expensesPrograms $6,014,282 · Management $942,718 · Fundraising $66,234$7,023,234
Part X · Balance sheet $14,675,494 assets, 18 lines filed
X-1 Cash, non-interest-bearingStart of year $121,068$241,913
X-2 Savings and temporary cash investmentsStart of year $1,530,837$1,527,132
X-3 Pledges and grants receivableStart of year $16,045$12,750
X-4 Accounts receivableStart of year $1,368$17,577
X-9 Prepaid expenses and deferred chargesStart of year $230,514$204,647
X-10c Land, buildings and equipment, netStart of year $9,847,049$9,492,524
X-11 Publicly traded securitiesStart of year $821,677$1,055,738
X-15 Other assetsStart of year $1,166,729$2,123,213
X-16 Total assetsStart of year $13,735,287$14,675,494
X-17 Accounts payable and accrued expensesStart of year $187,203$292,639
X-19 Deferred revenueStart of year $3,320,935$3,953,708
X-23 Secured mortgages and notes payableStart of year $5,648,269$5,095,983
X-24 Unsecured notes and loans payableStart of year $997,600$997,600
X-26 Total liabilitiesStart of year $10,154,007$10,339,930
X-27 Net assets without donor restrictionsStart of year $2,887,887$3,468,674
X-28 Net assets with donor restrictionsStart of year $693,393$866,890
X-32 Total net assets or fund balancesStart of year $3,581,280$4,335,564
X-33 Total liabilities and net assetsStart of year $13,735,287$14,675,494
Part XI · Reconciliation of net assets $4,335,564 net assets at year end
XI-1 Total revenue$7,637,920
XI-2 Total expenses$7,023,234
XI-3 Revenue less expenses$614,686
XI-4 Net assets at start of year$3,581,280
XI-5 Net unrealized gains (losses) on investments$139,598
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$4,335,564

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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