Square Root Academy: Nonprofit Profile, Financials & Form 990 (EIN 81-2655374)

Is it real?

Yes. Exemption reinstated (2024-05-15). Per the IRS revocation list. Latest filing on record: FY2020. IRS ruling in Jun 2025.

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

Where the money goes

97 cents of each dollar spent went to programs.

97%

Program services 97% · $524K Management & general 3% · $17K

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

1 person listed on the 990; $5K paid to officers and key staff.

Part VII, Section A · reportable compensation

Nicholas Haystings

CEO

$5,000Pt VII · Sec A

Nicholas Haystings’s $5K as CEO is at the 4th 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.

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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 2Yes
Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Square Root Academy is an education nonprofit based in Sacramento, CA.

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Provided by the organization

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1 program · $542K · in their own filed words · FY2020

01

Exposed students to the fundamentals of stem while emphasizing collaborative learning, innovation,m and accademic excellence.

$542Kprogram 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

Bosch Community FundFY2024$25K

Total grants receivedfrom 1 funder$25K

By the numbers

The FY2020 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$564K

Ln 12

Gifts and grantsLn 1h$542K

Fees for servicesLn 2g$22K

Money outPt IX

$541K

Ln 25

Programscol B$524K

Managementcol C$17K

Owns and owesPt X

$110K

net assets · Ln 32

Cash and savingsLn 1–2$110K

Total assetsLn 16$110K

LiabilitiesLn 26$0

PeoplePt VI, VII

1

listed · VII A

PaidVII A1

Voting boardVI 1a7

IndependentVI 1b7

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$542K

Government grantsLn 1e$417K

Fees for servicesLn 2g$22K

Total revenueLn 12$564K

Assets in detailPt X, end of year

CashLn 1$110K

Cash and savings togetherLn 1–2$110K

Total assetsLn 16$110K

LiabilitiesLn 26$0

Net assetsLn 32$110K

OperationsPt I, VI

EmployeesI 57

VolunteersI 615

Fiscal year endsHeaderDecember

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 FY20	End FY20
Cash and savingsLn 1–2	$7K	$110K
Total assetsLn 16	$7K	$110K
LiabilitiesLn 26	$0	$0
Net assetsLn 32	$7K	$110K

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Other salaries and wagesLn 7	$147K	$147K
Other employee benefitsLn 9	$879	$897
Payroll taxesLn 10	$7K	$7K
Other fees for servicesLn 11g	$106K	$106K
Advertising and promotionLn 12	−$3K		−$3K
Office expensesLn 13	$12K		$12K
OccupancyLn 16	$14K	$14K
TravelLn 17	$515		$515
Other expenses (24a–d)Ln 24	$13K	$12K	$2K
All other expensesLn 24e	$242K	$237K	$6K
Total functional expensesLn 25	$541K	$524K	$17K	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2020 Latest Viewing	$564K	$541K	$23K	$110K	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 FY2020 990 (6 parts)

Part I · Summary $564,280 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $133,904$541,991

I-9 Program service revenuePrior year $133,570$22,289

I-10 Investment income$0

I-11 Other revenuePrior year $1,953$0

I-12 Total revenuePrior year $269,427$564,280

I-13 Grants and similar amounts paid$0

I-14 Benefits paid to members$0

I-15 Salaries and benefitsPrior year $228,036$154,965

I-16a Professional fundraising fees$0

I-17 Other expensesPrior year $101,191$385,843

I-18 Total expensesPrior year $329,227$540,808

I-19 Revenue less expensesPrior year −$59,800$23,472

Part VI · Governance 7 of 7 board members independent, 5 to look at

VI-1a Voting members of the governing body7

VI-1b Independent voting members7

VI-2 Family or business relationship among officers or directorsYes

VI-12a Written conflict of interest policyNo

VI-13 Written whistleblower policyNo

VI-14 Document retention and destruction policyNo

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

Part VIII · Statement of revenue $564,280 across 5 lines filed

VIII-1e Government grants$416,831

VIII-1f All other contributions, gifts and grants$125,160

VIII-1h Total contributions, gifts and grants$541,991

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $22,289$22,289

VIII-12 Total revenueRelated to mission $22,289$564,280

Part IX · Statement of functional expenses $540,808 across 10 lines filed

IX-7 Other salaries and wagesPrograms $147,294$147,294

IX-9 Other employee benefitsPrograms $897$879

IX-10 Payroll taxesPrograms $6,792$6,792

IX-11g Other fees for servicesPrograms $106,495$106,495

IX-12 Advertising and promotionManagement −$2,771−$2,771

IX-13 Office expensesManagement $11,867$11,867

IX-16 OccupancyPrograms $14,072$14,072

IX-17 TravelManagement $515$515

IX-24 Other expenses (24a–d)Programs $11,785 · Management $1,657$13,442

IX-24e All other expensesPrograms $236,535 · Management $5,688$242,223

IX-25 Total functional expensesPrograms $523,870 · Management $16,956 · Fundraising $0$540,808

Part X · Balance sheet $109,561 assets, 5 lines filed

X-1 Cash, non-interest-bearingStart of year $6,805$109,561

X-16 Total assetsStart of year $6,805$109,561

X-26 Total liabilitiesStart of year $0$0

X-32 Total net assets or fund balancesStart of year $6,805$109,561

X-33 Total liabilities and net assetsStart of year $6,805$109,561

Part XI · Reconciliation of net assets $109,561 net assets at year end

XI-1 Total revenue$564,280

XI-2 Total expenses$540,808

XI-3 Revenue less expenses$23,472

XI-4 Net assets at start of year$6,805

XI-9 Other changes in net assets$79,284

XI-10 Net assets at end of year$109,561

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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