The Traveling School

Tax-deductible

Bozeman, MT501(c)(3)EducationEIN 81-0544729Revenue $550K in FY2025

On file with the IRStravelingschool.comPo Box 7058, 59771-7058 · Bozeman, MTTax-exempt since Feb 2014School — 170(b)(1)(A)(ii)

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The Traveling School amplifies female voices through transformative education to ignite positive change.

501(c)(3) charity; gifts are tax-deductible.
72¢ of each $1 spent went to programs.
Run by 29 volunteers and 12 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
1 of 5
filings with a surplus
Average deficit $97K a year · 14% of revenue · last 5 filings
Concern: a surplus in 1 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
72%
of spending
Fine: 72% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$172K
to officers and key staff · 28% of spending
Top officer’s pay higher than 79% of similar orgs
Worth a look: pay to officers and key staff is 28% of spending; over 20%.
Pt VII · Sec A
Cash reserves
<1 mo
of spending, in cash
Concern: 0.4 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
3
named funders · $42K
Looks good: 3 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$5K
6% of total assets
Looks good: liabilities are 6% of assets; 50% or less.
Pt X · Ln 26
Independent board members
11
of 11 voting members
Looks good: 11 of 11 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$550K
-45% vs prior year
Spent
$623K
To programs
72%
Net assets
$77K
By yearFY2021–FY2025
Revenue
$550K
FY2025▼ -45%
Tap a bar for its year
Revenue by fiscal year
FY2021$476K
FY2022$948K
FY2023$483K
FY2024$996K
FY2025$550K
Expenses
$623K
FY2025▼ -45%
Tap a bar for its year
Expenses by fiscal year
FY2021$405K
FY2022$968K
FY2023$817K
FY2024$1.1M
FY2025$623K
Net assets
$77K
FY2025▼ -48%
Tap a bar for its year
Net assets by fiscal year
FY2021$634K
FY2022$614K
FY2023$279K
FY2024$150K
FY2025$77K

From the FY2025 Form 990 (year ending June 2025) · see the original

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Is it real?

Yes. Exemption reinstated (2011-05-15). Per the IRS revocation list. Latest filing on record: FY2025. IRS ruling in Feb 2014.

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

Where the money goes

72 cents of each dollar spent went to programs.

Program services 72% · $449K Management & general 21% · $134K Fundraising 6% · $40K

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

17 people listed on the 990; $172K 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
Former Exec Dir
$91,341Pt VII · Sec A
Executive Dir.
$80,578Pt VII · Sec A
Board VP/Sec
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Jennifer Royall’s $91K as Former Exec Dir is at the 79th percentile of top reported officer pay among 1613 $100K–1M 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 · 2 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021
Jennifer Royall$91,341$78,714$63,848$60,437$70,691
Andrea Thomas$80,578————

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 The Traveling School 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

Empowers girls through education to amplify their voices and create positive change.

Provided by the organization

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1 program · $449K · in their own filed words · FY2024
01

The traveling school believes informed, inspired, and confident students can change the world. Our four pillars emphasize place-based and relevant academics, cultural engagement, outdoor expeditions, and leadership development.

$449Kprogram 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 · FY2024
Total grants receivedfrom 3 funders$42K
See all 3 funders →
Grants paid · 4 grants · $416K · 2021–2024
Unitemized GrantFY2024$79,500
Unitemized GrantFY2023$145,500
Unitemized GrantFY2022$73,850
Unitemized GrantFY2021$117,000

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$550K
Ln 12
Fees for servicesLn 2g$406K
Gifts and grantsLn 1h$129K
Investment incomeLn 3$12K
Money outPt IX
$623K
Ln 25
Programscol B$449K
Managementcol C$134K
Fundraisingcol D$40K
Owns and owesPt X
$77K
net assets · Ln 32
Cash and savingsLn 1–2$23K
Total assetsLn 16$82K
LiabilitiesLn 26$5K
PeoplePt VI, VII
17
listed · VII A
PaidVII A2
Voting boardVI 1a11
IndependentVI 1b11
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$129K
Fees for servicesLn 2g$406K
Investment incomeLn 3$12K
Other incomeLn 4–11$4K
Gains on assetsLn 7$0
Total revenueLn 12$550K
Assets in detailPt X, end of year
CashLn 1$23K
SavingsLn 2$0
Cash and savings togetherLn 1–2$23K
InvestmentsLn 11–13$59K
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$0
Total assetsLn 16$82K
LiabilitiesLn 26$5K
Net assetsLn 32$77K
OperationsPt I, VI
EmployeesI 512
VolunteersI 629
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$158K$23K
InvestmentsLn 11–13$267K$59K
Land, buildings, equipmentLn 10c$899$0
Total assetsLn 16$434K$82K
LiabilitiesLn 26$284K$5K
Net assetsLn 32$150K$77K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$80K$80K
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$188K$106K$65K$17K
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$129K$75K$42K$12K
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$9K$5K$4K$918
Payroll taxesLn 10$27K$14K$11K$2K
Management feesLn 11a$0
Legal feesLn 11b$0
Accounting feesLn 11c$0
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$16K$12K$2K$703
Advertising and promotionLn 12$60$30$30
Office expensesLn 13$0
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$4K$2K$1K$972
TravelLn 17$109K$109K$150$27
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$900$900
InsuranceLn 23$15K$10K$4K$199
Other expenses (24a–d)Ln 24$39K$30K$3K$6K
All other expensesLn 24e$7K$5K$1K$324
Total functional expensesLn 25$623K$449K$134K$40K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $550K$623K−$73K$77K 990 PDF
FY2024 $996K$1.1M−$131K$150K 990 PDF
FY2023 $483K$817K−$335K$279K 990 PDF
FY2022 $948K$968K−$20K$614K 990 PDF
FY2021 $476K$405K$71K$634K 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 $549,921 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $209,283$128,629
I-9 Program service revenuePrior year $763,735$405,600
I-10 Investment incomePrior year $20,734$11,849
I-11 Other revenuePrior year $2,170$3,843
I-12 Total revenuePrior year $995,922$549,921
I-13 Grants and similar amounts paidPrior year $145,500$79,500
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $562,548$353,452
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $418,509$189,877
I-18 Total expensesPrior year $1,126,557$622,829
I-19 Revenue less expensesPrior year −$130,635−$72,908
Part VI · Governance 11 of 11 board members independent, no flags
VI-1a Voting members of the governing body11
VI-1b Independent voting members11
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 $549,921 across 10 lines filed
VIII-1f All other contributions, gifts and grants$128,629
VIII-1h Total contributions, gifts and grants$128,629
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $405,600$405,600
VIII-3 Investment incomeExcluded from tax $11,849$11,849
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assets$0
VIII-8 Net income from fundraising events$0
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $3,843$3,843
VIII-12 Total revenueRelated to mission $405,600 · Excluded from tax $15,692$549,921
Part IX · Statement of functional expenses $622,829 across 31 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individualsPrograms $79,500$79,500
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staffPrograms $106,175 · Management $64,810 · Fundraising $16,930$187,915
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesPrograms $74,795 · Management $41,884 · Fundraising $12,011$128,690
IX-8 Pension plan contributions$0
IX-9 Other employee benefitsPrograms $4,614 · Management $3,849 · Fundraising $918$9,381
IX-10 Payroll taxesPrograms $14,123 · Management $11,359 · Fundraising $1,984$27,466
IX-11a Management fees$0
IX-11b Legal fees$0
IX-11c Accounting fees$0
IX-11d Lobbying fees$0
IX-11e Professional fundraising fees$0
IX-11f Investment management fees$0
IX-11g Other fees for servicesPrograms $12,459 · Management $2,436 · Fundraising $703$15,598
IX-12 Advertising and promotionPrograms $30 · Fundraising $30$60
IX-13 Office expenses$0
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 OccupancyPrograms $2,147 · Management $1,080 · Fundraising $972$4,199
IX-17 TravelPrograms $108,761 · Management $150 · Fundraising $27$108,938
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortizationPrograms $900$900
IX-23 InsurancePrograms $10,460 · Management $4,271 · Fundraising $199$14,930
IX-24 Other expenses (24a–d)Programs $30,170 · Management $2,685 · Fundraising $5,853$38,708
IX-24e All other expensesPrograms $4,962 · Management $1,258 · Fundraising $324$6,544
IX-25 Total functional expensesPrograms $449,096 · Management $133,782 · Fundraising $39,951$622,829
Part X · Balance sheet $82,098 assets, 18 lines filed
X-1 Cash, non-interest-bearingStart of year $158,029$23,345
X-2 Savings and temporary cash investments$0
X-3 Pledges and grants receivable$0
X-4 Accounts receivableStart of year $1,640$140
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred chargesStart of year $6,708$0
X-10c Land, buildings and equipment, netStart of year $899$0
X-11 Publicly traded securitiesStart of year $266,710$58,613
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assets$0
X-16 Total assetsStart of year $433,986$82,098
X-17 Accounts payable and accrued expensesStart of year $53,730$4,937
X-26 Total liabilitiesStart of year $284,173$4,937
X-27 Net assets without donor restrictionsStart of year $149,813$77,161
X-32 Total net assets or fund balancesStart of year $149,813$77,161
X-33 Total liabilities and net assetsStart of year $433,986$82,098
Part XI · Reconciliation of net assets $77,161 net assets at year end
XI-1 Total revenue$549,921
XI-2 Total expenses$622,829
XI-3 Revenue less expenses−$72,908
XI-4 Net assets at start of year$149,813
XI-8 Prior period adjustments$256
XI-10 Net assets at end of year$77,161

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

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