Spring Valley School Foundation: FY2022 Nonprofit Profile & Form 990 (EIN 63-1253000)

Revenue by fiscal year
FY2020	$2.5M
FY2021	$3.1M
FY2022	$3.7M
FY2023	$3.4M
FY2024	$6.1M
FY2025	$5.0M

Expenses by fiscal year
FY2020	$2.5M
FY2021	$2.8M
FY2022	$3.3M
FY2023	$3.8M
FY2024	$4.4M
FY2025	$4.7M

Net assets by fiscal year
FY2020	$771K
FY2021	$1.1M
FY2022	$1.4M
FY2023	$1.1M
FY2024	$2.9M
FY2025	$3.2M

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jan 2001.

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

Where the money goes

89 cents of each dollar spent went to programs.

89%

Program services 89% · $3.0M Management & general 8% · $281K Fundraising 2% · $70K

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

10 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII

Sam Johnson

President

$0Pt VII · Sec A

Jack Levy Jd

Board Member

$0Pt VII · Sec A

Joe Abbott JR

Board Member

$0Pt VII · Sec A

David Finn

Board Member/Secretary

$0Pt VII · Sec A

Wj Cornay MD

Board Member

$0Pt VII · Sec A

Hettie Johnson

Board Member

$0Pt VII · Sec A

Heather Smitherman

Board Member

$0Pt VII · Sec A

Erica Littleton

Board Member

$0Pt VII · Sec A

See Spring Valley School Foundation 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 15aYes

Programs and updates

Offers specialized learning programs within an independent private school setting.

Provided by the organization

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1 program · $3.0M · in their own filed words · FY2021

01

Provides individualized academic programs in an independent private school to students with learning disabilities

$3.0Mprogram 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

Scholarships for Kids INCFY2024$416K

The Community Foundation of GreaterFY2024$112K

Prosper FoundationFY2024$82K

The Ratliff Charitable FoundationFY2024$40K

Natl Christian Charitable Fdn INCFY2024$38K

Vanguard Charitable Endowment ProgramFY2024$35K

Orlean and Ralph W Beeson FundFY2024$20K

Fidelity Investments Charitable Gift FundFY2024$14K

Total grants receivedfrom 9 funders$767K

See all 9 funders →

By the numbers

The FY2022 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$3.7M

Ln 12

Fees for servicesLn 2g$2.6M

Gifts and grantsLn 1h$994K

Investment incomeLn 3$22K

Money outPt IX

$3.3M

Ln 25

Programscol B$3.0M

Managementcol C$281K

Fundraisingcol D$70K

Owns and owesPt X

$1.4M

net assets · Ln 32

Cash and savingsLn 1–2$788K

Total assetsLn 16$3.2M

LiabilitiesLn 26$1.8M

PeoplePt VI, VII

10

listed · VII A

PaidVII A0

Voting boardVI 1a9

IndependentVI 1b9

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$994K

Government grantsLn 1e$344K

Fees for servicesLn 2g$2.6M

Investment incomeLn 3$22K

Other incomeLn 4–11$6K

Gains on assetsLn 7$16K

Total revenueLn 12$3.7M

Assets in detailPt X, end of year

CashLn 1$506K

SavingsLn 2$281K

Cash and savings togetherLn 1–2$788K

InvestmentsLn 11–13$137K

Land, buildings, equipmentLn 10c$2.3M

Other assetsLn 15$2K

Total assetsLn 16$3.2M

LiabilitiesLn 26$1.8M

Net assetsLn 32$1.4M

OperationsPt I, VI

EmployeesI 556

VolunteersI 60

Fiscal year endsHeaderJune

Conflict-of-interest policyVI 12aNo

Whistleblower policyVI 13No

Records policyVI 14No

3Year over year

Balance sheet, start vs end of yearPt X · col A, B

Line	Start FY22	End FY22
Cash and savingsLn 1–2	$1.5M	$788K
InvestmentsLn 11–13	$93K	$137K
Land, buildings, equipmentLn 10c	$1.6M	$2.3M
Total assetsLn 16	$3.4M	$3.2M
LiabilitiesLn 26	$2.3M	$1.8M
Net assetsLn 32	$1.1M	$1.4M

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Grants to domestic individualsLn 2	$421K	$421K
Other salaries and wagesLn 7	$1.8M	$1.6M	$175K
Pension plan contributionsLn 8	$40K	$36K	$4K
Other employee benefitsLn 9	$197K	$177K	$20K
Payroll taxesLn 10	$133K	$119K	$13K
Accounting feesLn 11c	$19K	$9K	$9K
Office expensesLn 13	$24K	$22K	$2K
Information technologyLn 14	$4K	$4K	$414
OccupancyLn 16	$65K	$62K	$3K
InterestLn 20	$55K	$52K	$3K
Depreciation, depletion and amortizationLn 22	$113K	$107K	$6K
InsuranceLn 23	$32K	$16K	$16K
Other expenses (24a–d)Ln 24	$260K	$188K	$2K	$70K
All other expensesLn 24e	$192K	$164K	$28K
Total functional expensesLn 25	$3.3M	$3.0M	$281K	$70K

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2025 Latest	$5.0M	$4.7M	$314K	$3.2M	990 PDF
FY2024	$6.1M	$4.4M	$1.8M	$2.9M	990 PDF
FY2023	$3.4M	$3.8M	−$346K	$1.1M	990 PDF
FY2022 Viewing	$3.7M	$3.3M	$354K	$1.4M	990 PDF
FY2021	$3.1M	$2.8M	$331K	$1.1M	990 PDF
FY2020	$2.5M	$2.5M	$15K	$771K	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 FY2022 990 (6 parts)

Part I · Summary $3,659,404 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $663,227$993,633

I-9 Program service revenuePrior year $2,285,270$2,638,226

I-10 Investment incomePrior year $4,906$21,545

I-11 Other revenuePrior year $181,925$6,000

I-12 Total revenuePrior year $3,135,328$3,659,404

I-13 Grants and similar amounts paidPrior year $381,120$421,011

I-14 Benefits paid to membersPrior year $0$0

I-15 Salaries and benefitsPrior year $1,863,543$2,121,379

I-16a Professional fundraising feesPrior year $0$0

I-17 Other expensesPrior year $559,836$762,670

I-18 Total expensesPrior year $2,804,499$3,305,060

I-19 Revenue less expensesPrior year $330,829$354,344

Part VI · Governance 9 of 9 board members independent, 3 to look at

VI-1a Voting members of the governing body9

VI-1b Independent voting members9

VI-12a Written conflict of interest policyNo

VI-13 Written whistleblower policyNo

VI-14 Document retention and destruction policyNo

VI-2 Family or business relationship among officers or directorsNo

VI-15a Process for setting top official's payYes

Part VIII · Statement of revenue $3,659,404 across 8 lines filed

VIII-1e Government grants$344,345

VIII-1f All other contributions, gifts and grants$649,288

VIII-1h Total contributions, gifts and grants$993,633

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $2,638,226$2,638,226

VIII-3 Investment incomeRelated to mission $5,568$5,568

VIII-6 Net rental income or lossExcluded from tax $6,000$6,000

VIII-7 Net gain or loss on sales of assetsRelated to mission $15,977$15,977

VIII-12 Total revenueRelated to mission $2,659,771 · Unrelated business $0 · Excluded from tax $6,000$3,659,404

Part IX · Statement of functional expenses $3,305,060 across 14 lines filed

IX-2 Grants to domestic individualsPrograms $421,011$421,011

IX-7 Other salaries and wagesPrograms $1,576,579 · Management $175,175$1,751,754

IX-8 Pension plan contributionsPrograms $35,828 · Management $3,981$39,809

IX-9 Other employee benefitsPrograms $177,431 · Management $19,715$197,146

IX-10 Payroll taxesPrograms $119,403 · Management $13,267$132,670

IX-11c Accounting feesPrograms $9,275 · Management $9,275$18,550

IX-13 Office expensesPrograms $22,359 · Management $1,614$23,973

IX-14 Information technologyPrograms $3,729 · Management $414$4,143

IX-16 OccupancyPrograms $61,663 · Management $3,245$64,908

IX-20 InterestPrograms $52,442 · Management $2,760$55,202

IX-22 Depreciation, depletion and amortizationPrograms $107,202 · Management $5,642$112,844

IX-23 InsurancePrograms $15,811 · Management $15,811$31,622

IX-24 Other expenses (24a–d)Programs $187,586 · Management $2,311 · Fundraising $69,835$259,732

IX-24e All other expensesPrograms $164,186 · Management $27,510$191,696

IX-25 Total functional expensesPrograms $2,954,505 · Management $280,720 · Fundraising $69,835$3,305,060

Part X · Balance sheet $3,180,858 assets, 15 lines filed

X-1 Cash, non-interest-bearingStart of year $272,646$506,398

X-2 Savings and temporary cash investmentsStart of year $1,249,016$281,373

X-4 Accounts receivableStart of year $170,925$0

X-9 Prepaid expenses and deferred chargesStart of year $5,485$3,390

X-10c Land, buildings and equipment, netStart of year $1,590,843$2,251,134

X-12 Other securitiesStart of year $93,490$137,025

X-15 Other assetsStart of year $1,538$1,538

X-16 Total assetsStart of year $3,383,943$3,180,858

X-17 Accounts payable and accrued expensesStart of year $164,384$142,436

X-19 Deferred revenueStart of year $267,079$166,100

X-26 Total liabilitiesStart of year $2,271,378$1,752,524

X-27 Net assets without donor restrictionsStart of year $1,028,181$1,365,214

X-28 Net assets with donor restrictionsStart of year $84,384$63,120

X-32 Total net assets or fund balancesStart of year $1,112,565$1,428,334

X-33 Total liabilities and net assetsStart of year $3,383,943$3,180,858

Part XI · Reconciliation of net assets $1,428,334 net assets at year end

XI-1 Total revenue$3,659,404

XI-2 Total expenses$3,305,060

XI-3 Revenue less expenses$354,344

XI-4 Net assets at start of year$1,112,565

XI-5 Net unrealized gains (losses) on investments−$38,575

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year$1,428,334

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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Spring Valley School Foundation FY2022 filing

Before you give

Is it real?

Where the money goes

Who runs it and what they're paid

Questions the 990 asks

Programs and updates

Funders

Grants

By the numbers

Filing history

Schedules filed Part IV