The Collaboratory School INC FY2024 filing

Tax-deductible

Tampa, FL501(c)(3)Since 2017EducationEIN 82-0936765

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The Collaboratory school's mission is to prepare learners of hillsborough, k through 8th grade, for high School, college, and for the work force by delivering a world class education through the arts in a collaborative environment fueled by a passion for learning.

501(c)(3) charity; gifts are tax-deductible.
91¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2024 · 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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 5
filings with a surplus
Average surplus $529 a year · under 1% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
91%
of spending
Looks good: 91% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
<1 mo
of spending, in cash
Concern: 0.0 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $14K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$8K
7% of total assets
Looks good: liabilities are 7% of assets; 50% or less.
Pt X · Ln 26
Independent board members
5
of 5 voting members
Looks good: 5 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
$1.5M
+25% vs prior year
Spent
$1.4M
To programs
91%
Net assets
$115K
By yearFY2020–FY2024
Revenue
$1.5M
FY2024▲ +25%
Revenue by fiscal year
FY2020$1.1M
FY2021$1.3M
FY2022$1.3M
FY2023$1.2M
FY2024$1.5M
FY2024$2.2M
Expenses
$1.4M
FY2024▲ +18%
Expenses by fiscal year
FY2020$1.2M
FY2021$1.3M
FY2022$1.1M
FY2023$1.2M
FY2024$1.4M
FY2024$2.3M
Net assets
$115K
FY2024▲ +18%
Net assets by fiscal year
FY2020−$13K
FY2021−$8K
FY2022$145K
FY2023$97K
FY2024$115K
FY2024$71K

From the FY2024 Form 990 (year ending June 2024) · 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: FY2024. IRS ruling in Dec 2017.

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

Where the money goes

91 cents of each dollar spent went to programs.

Program services 91% · $1.3M Management & general 9% · $134K

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.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
Board Vice P
$0Pt VII · Sec A
Sec/Treasure
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Mem/PA
$0Pt VII · Sec A
Board Presid
$0Pt VII · Sec A
See The Collaboratory 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 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Educates children K-8 through the arts, preparing them for future success.

Provided by the organization

This section is blank until The Collaboratory School INC claims this page.

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1 program service account for $1.3M of program spending, described in the organization's own filed words · FY2023.
01

The collaboratory school's mission is to prepare learners of hillsborough, k through 8TH grade, for high school, college, and for the work force by delivering a world class education through the arts in a collaborative environment fueled by a passion for learning.

$1.3Mprogram expense

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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 · FY2022
Total grants receivedfrom 1 funder$14K

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$1.5M
Ln 12
Gifts and grantsLn 1h$705K
Fees for servicesLn 2g$418K
Other incomeLn 4–11$331K
Money outPt IX
$1.4M
Ln 25
Programscol B$1.3M
Managementcol C$134K
Owns and owesPt X
$115K
net assets · Ln 32
Cash and savingsLn 1–2$560
Total assetsLn 16$123K
LiabilitiesLn 26$8K
PeoplePt VI, VII
5
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$705K
Government grantsLn 1e$19K
Fees for servicesLn 2g$418K
Investment incomeLn 3$37
Other incomeLn 4–11$331K
Total revenueLn 12$1.5M
Assets in detailPt X, end of year
CashLn 1$560
Cash and savings togetherLn 1–2$560
Land, buildings, equipmentLn 10c$57K
Total assetsLn 16$123K
LiabilitiesLn 26$8K
Net assetsLn 32$115K
OperationsPt I, VI
EmployeesI 521
VolunteersI 650
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 FY24End FY24
Cash and savingsLn 1–2$21K$560
Land, buildings, equipmentLn 10c$75K$57K
Total assetsLn 16$119K$123K
LiabilitiesLn 26$22K$8K
Net assetsLn 32$97K$115K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$506K$469K$37K
Pension plan contributionsLn 8$2K$2K
Other employee benefitsLn 9$56K$56K$103
Payroll taxesLn 10$56K$52K$4K
Management feesLn 11a$19K$19K
Legal feesLn 11b$194$155$39
Information technologyLn 14$174K$169K$4K
OccupancyLn 16$199K$160K$40K
TravelLn 17$400$320$80
Depreciation, depletion and amortizationLn 22$19K$15K$4K
InsuranceLn 23$25K$20K$5K
Other expenses (24a–d)Ln 24$235K$213K$22K
All other expensesLn 24e$144K$126K$18K
Total functional expensesLn 25$1.4M$1.3M$134K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Viewing $1.5M$1.4M$18K$115K 990 PDF
FY2023 $1.2M$1.2M−$49K$97K 990 PDF
FY2022 $1.3M$1.1M$154K$145K 990 PDF
FY2021 $1.3M$1.3M$5K−$8K 990 PDF
FY2020 $1.1M$1.2M−$125K−$13K 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 FY2024 990 (4 parts)
Part VIII · Statement of revenue $1,454,542 across 7 lines filed
Lines not itemized here account for $31,691 of total revenue; see the IRS return.
VIII-1e Government grants$18,629
VIII-1f All other contributions, gifts and grants$686,634
VIII-1h Total contributions, gifts and grants$705,263
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $386,209$386,209
VIII-3 Investment incomeRelated to mission $37$37
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $331,342$331,342
VIII-12 Total revenueRelated to mission $749,279$1,454,542
Part IX · Statement of functional expenses $1,436,676 across 13 lines filed
IX-7 Other salaries and wagesPrograms $469,223 · Management $36,539$505,762
IX-8 Pension plan contributionsPrograms $2,272$2,272
IX-9 Other employee benefitsPrograms $56,070 · Management $103$56,173
IX-10 Payroll taxesPrograms $51,999 · Management $4,088$56,087
IX-11a Management feesPrograms $19,323$19,323
IX-11b Legal feesPrograms $155 · Management $39$194
IX-14 Information technologyPrograms $169,413 · Management $4,105$173,518
IX-16 OccupancyPrograms $159,518 · Management $39,880$199,398
IX-17 TravelPrograms $320 · Management $80$400
IX-22 Depreciation, depletion and amortizationPrograms $15,042 · Management $3,760$18,802
IX-23 InsurancePrograms $20,248 · Management $5,062$25,310
IX-24 Other expenses (24a–d)Programs $212,832 · Management $22,485$235,317
IX-24e All other expensesPrograms $126,279 · Management $17,841$144,120
IX-25 Total functional expensesPrograms $1,302,694 · Management $133,982 · Fundraising $0$1,436,676
Part X · Balance sheet $122,821 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $20,835$560
X-4 Accounts receivableStart of year $22,407$65,700
X-10c Land, buildings and equipment, netStart of year $75,363$56,561
X-16 Total assetsStart of year $118,605$122,821
X-17 Accounts payable and accrued expensesStart of year $21,856$8,206
X-26 Total liabilitiesStart of year $21,856$8,206
X-32 Total net assets or fund balancesStart of year $96,749$114,615
X-33 Total liabilities and net assetsStart of year $118,605$122,821
Part XI · Reconciliation of net assets $114,615 net assets at year end
XI-1 Total revenue$1,454,542
XI-2 Total expenses$1,436,676
XI-3 Revenue less expenses$17,866
XI-4 Net assets at start of year$96,749
XI-10 Net assets at end of year$114,615

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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