The Slate School, INC. Is designed to cultivate student creativity, foster ingenuity, and inspire a deep passion for lifelong learning and discovery. The organizations mission and priority is that each child's innate and natural love for learning be nurtured and enabled to grow and flourish.

501(c)(3) charity; gifts are tax-deductible.
96¢ of each $1 spent went to programs.
Run by 10 volunteers and 16 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
6 of 6
filings with a surplus
Average surplus $5.0M a year · 75% 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
96%
of spending
Looks good: 96% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$150K
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
<1 mo
of spending, in cash
Worth a look: 0.6 months of spending in cash; under 1.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $250
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$97K
0.2% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
3
of 5 voting members
Looks good: 3 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$4.4M
-60% vs prior year
Spent
$2.7M
To programs
96%
Net assets
$38.9M
By yearFY2020–FY2025
Revenue
$4.4M
FY2025▼ -60%
Tap a bar for its year
Revenue by fiscal year
FY2020$7.1M
FY2021$1.4M
FY2022$4.2M
FY2023$11.6M
FY2024$11.0M
FY2025$4.4M
Expenses
$2.7M
FY2025▲ +49%
Tap a bar for its year
Expenses by fiscal year
FY2020$1.4M
FY2021$1.2M
FY2022$1.4M
FY2023$1.4M
FY2024$1.8M
FY2025$2.7M
Net assets
$38.9M
FY2025▲ +4%
Tap a bar for its year
Net assets by fiscal year
FY2020$14.8M
FY2021$15.0M
FY2022$17.8M
FY2023$28.1M
FY2024$37.2M
FY2025$38.9M

From the FY2025 Form 990 (year ending June 2025) · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jul 2017.

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

Where the money goes

96 cents of each dollar spent went to programs.

Program services 96% · $2.6M Management & general 4% · $103K

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

5 people listed on the 990; $150K 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
Head of School
$150,000Pt VII · Sec A
Treasurer/Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Julie Mountcastle’s $150K as Head of School is at the 64th percentile of top reported officer pay among 3395 $1–10M 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 · 1 named individual · Part VII

NameFY2025FY2024FY2023FY2022
Julie Mountcastle$150,000$151,032$156,864$150,000

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 Slate School INC 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 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Cultivates creativity, fosters ingenuity, and inspires a passion for lifelong learning in children.

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Provided by the organization

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2 programs · $2.6M · in their own filed words · FY2024
01

K-12 school

$2.6Mprogram expense
02

Upper school development and construction. During the fiscal year $3,940,936 of costs relating to slate upper school were expended for the development and construction. Along with $19,117,339 of previously expended construction in process costs, a total of $23,058,275 was placed in service during the fiscal year, as school operations…

Pt IX · col B

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 · FY2023
Total grants receivedfrom 1 funder$250

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$4.4M
Ln 12
Gifts and grantsLn 1h$3.3M
Fees for servicesLn 2g$1.0M
Other incomeLn 4–11$4K
Money outPt IX
$2.7M
Ln 25
Programscol B$2.6M
Managementcol C$103K
Owns and owesPt X
$38.9M
net assets · Ln 32
Cash and savingsLn 1–2$137K
Total assetsLn 16$38.9M
LiabilitiesLn 26$97K
PeoplePt VI, VII
5
listed · VII A
PaidVII A1
Voting boardVI 1a5
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$3.3M
Fees for servicesLn 2g$1.0M
Other incomeLn 4–11$4K
Total revenueLn 12$4.4M
Assets in detailPt X, end of year
CashLn 1$137K
Cash and savings togetherLn 1–2$137K
Land, buildings, equipmentLn 10c$38.8M
Total assetsLn 16$38.9M
LiabilitiesLn 26$97K
Net assetsLn 32$38.9M
OperationsPt I, VI
EmployeesI 516
VolunteersI 610
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$2.8M$137K
Land, buildings, equipmentLn 10c$35.4M$38.8M
Total assetsLn 16$38.2M$38.9M
LiabilitiesLn 26$1.0M$97K
Net assetsLn 32$37.2M$38.9M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$150K$150K
Other salaries and wagesLn 7$902K$902K
Pension plan contributionsLn 8$22K$22K
Payroll taxesLn 10$81K$81K
Legal feesLn 11b$2K$2K
Accounting feesLn 11c$9K$9K
Other fees for servicesLn 11g$46K$45K$1K
Advertising and promotionLn 12$2K$2K
Office expensesLn 13$11K$11K
TravelLn 17$1K$1K
Depreciation, depletion and amortizationLn 22$855K$855K
InsuranceLn 23$218K$141K$77K
Other expenses (24a–d)Ln 24$407K$407K
Total functional expensesLn 25$2.7M$2.6M$103K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $4.4M$2.7M$1.7M$38.9M 990 PDF
FY2024 $11.0M$1.8M$9.1M$37.2M 990 PDF
FY2023 $11.6M$1.4M$10.2M$28.1M 990 PDF
FY2022 $4.2M$1.4M$2.8M$17.8M 990 PDF
FY2021 $1.4M$1.2M$203K$15.0M 990 PDF
FY2020 $7.1M$1.4M$5.7M$14.8M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2025 990 (6 parts)
Part I · Summary $4,362,084 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $10,125,709$3,349,396
I-9 Program service revenuePrior year $824,167$1,008,245
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $3,494$4,443
I-12 Total revenuePrior year $10,953,370$4,362,084
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $828,918$1,154,604
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $985,637$1,550,560
I-18 Total expensesPrior year $1,814,555$2,705,164
I-19 Revenue less expensesPrior year $9,138,815$1,656,920
Part VI · Governance 3 of 5 board members independent, 1 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members3
VI-2 Family or business relationship among officers or directorsYes
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 $4,362,084 across 6 lines filed
VIII-1f All other contributions, gifts and grants$3,349,396
VIII-1h Total contributions, gifts and grants$3,349,396
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,008,245$1,008,245
VIII-8 Net income from fundraising eventsExcluded from tax $362$362
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $4,081$4,081
VIII-12 Total revenueRelated to mission $1,012,326 · Unrelated business $0 · Excluded from tax $362$4,362,084
Part IX · Statement of functional expenses $2,705,164 across 13 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $150,000$150,000
IX-7 Other salaries and wagesPrograms $901,741$901,741
IX-8 Pension plan contributionsPrograms $22,047$22,047
IX-10 Payroll taxesPrograms $80,816$80,816
IX-11b Legal feesManagement $1,644$1,644
IX-11c Accounting feesManagement $8,975$8,975
IX-11g Other fees for servicesPrograms $45,091 · Management $1,025$46,116
IX-12 Advertising and promotionManagement $2,223$2,223
IX-13 Office expensesManagement $10,917$10,917
IX-17 TravelManagement $1,034$1,034
IX-22 Depreciation, depletion and amortizationPrograms $854,919$854,919
IX-23 InsurancePrograms $141,045 · Management $76,824$217,869
IX-24 Other expenses (24a–d)Programs $406,863$406,863
IX-25 Total functional expensesPrograms $2,602,522 · Management $102,642 · Fundraising $0$2,705,164
Part X · Balance sheet $38,947,771 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $2,831,613$137,242
X-9 Prepaid expenses and deferred chargesStart of year $1,495$3,416
X-10c Land, buildings and equipment, netStart of year $35,392,294$38,807,113
X-16 Total assetsStart of year $38,225,402$38,947,771
X-17 Accounts payable and accrued expensesStart of year $971,436$29,614
X-19 Deferred revenueStart of year $60,340$67,611
X-26 Total liabilitiesStart of year $1,031,776$97,225
X-27 Net assets without donor restrictionsStart of year $37,193,626$38,850,546
X-32 Total net assets or fund balancesStart of year $37,193,626$38,850,546
X-33 Total liabilities and net assetsStart of year $38,225,402$38,947,771
Part XI · Reconciliation of net assets $38,850,546 net assets at year end
XI-1 Total revenue$4,362,084
XI-2 Total expenses$2,705,164
XI-3 Revenue less expenses$1,656,920
XI-4 Net assets at start of year$37,193,626
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$38,850,546

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

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