Adderley School EIN 82-3306581

Adderley School FY2024 filing

EIN  82-3306581 Public charity (501(c)(3)) Austin, TX
Form 990 (PDF)
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Size
$100K–1M
What they do
Nurturing children's talents and potential through performing arts, regardless of income.
Leadership
Janet Adderley · President · $53K
Money in and out
$813K revenue, $452K expenses
Bottom line
95% program efficiency

Nurturing children's talents and potential through performing arts, regardless of income. For fiscal year 2024 it reported $813K in revenue, $452K in expenses, and $585K in net assets.Pt I

Where the money goes · FY2024
Total revenue
$813K
Pt VIII · Ln 12
Total expenses
$452K
Pt IX · Ln 25
Net assets
$585K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $361K
Where spending went · Part IX cols B–D
Program services $0.95 Management & general $0.05
Program efficiency
95%
of spending reaches programs
Operating runway
15.5mo
months of highly liquid reserves at operating expense rate
Surplus margin
+44%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$813K
FY2024▲ +76%
Expenses
$452K
FY2024▲ +4%
Total assets
$585K
FY2024▲ +644%
Total liabilities
$756
FY2024
Total revenue
$813K
Pt VIII · Ln 12
Total expenses
$452K
Pt IX · Ln 25
Net assets
$585K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$361K
Total assetsPt X · Ln 16$585K
Program-expense ratioPt IX · col B95%
Voting members of governing bodyPt I · Ln 38
Independent voting membersPt I · Ln 4pending
Mission & Programs · Part III

Where the work happens

1 program service account for $428K of program spending, described in the organization's own filed words · FY2024.
01

The revenue is derived from class tuition and donations.

$428Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CAdderley School
EINHdr · item D82-3306581
Principal addressHdr · item CAustin, TX
WebsiteHdr · item Jwww.theadderleyschool.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MTX
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFArts & Culture (A25)
Ruling yearIRS BMFDec 2020

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a8
Independent voting membersPt VI · Ln 1bpending
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2Yes

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$52,917Pt VII · Sec A
Member at Large
$52,917Pt VII · Sec A
$0Pt VII · Sec A
Member at Large
$0Pt VII · Sec A
Member at Large
$0Pt VII · Sec A
Member at Large
$0Pt VII · Sec A
Member at Large
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A

Alana Adderley’s $72K as Member at Large is at the 66th percentile of top reported officer pay among 2213 $100K–1M arts & culture 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

NameFY2025FY2024FY2022FY2021
Janet Adderley$60,000$52,917$65,286$80,000
Alana Adderley$71,500$52,917$65,000$80,000

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.

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Statement of Revenue

Part VIII
Program service revenue$489K · 60%
Contributions & grants$309K · 38%
Investment income$15K · 2%
Program service revenue60%$489K
Contributions & grants38%$309K
Investment income2%$15K
Other revenue$100
Total revenueLn 12$813K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.95 Management & general $0.05
Program services95%$428K
Management & general5%$24K
Total functional expensesLn 25$452K

Balance Sheet

Part X · end of year
CashLn 1$585K
Total assetsLn 16$585K
Total liabilitiesLn 26$756
Total net assetsLn 32$585K
Months of cash on handcomputed15.5

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $585K · Operating expenses/yr $452K
15.5 months
Where the money goes
Program services
Program services $428K · Total expenses $452K
95%
Management & General
Management & general $24K · Total expenses $452K
5%
Fundraising
Fundraising $0 · Total expenses $452K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $417K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $309K · Total revenue $813K
38%
Government reliance
Government grants — · Total revenue $813K
Earned-income share
Program service revenue $489K · Total revenue $813K
60%
Investment reliance
Investment income $15K · Total revenue $813K
+2%
Program self-sufficiency
Program service revenue $489K · Total expenses $452K
108%
Growth & trend
Revenue growth (YoY)
This year $813K · Prior year $461K
+76%
Net-asset trend (YoY)
End of year $585K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $813K · Expenses $452K
+44%
Liabilities-to-Assets
Total liabilities — · Total assets $585K
Net-asset ratio
Net assets $585K · Total assets $585K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $585K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Janet Adderley · Reported title President · Highest reported compensation $53K · Total expenses $452K
12%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $115K · Total expenses $452K
25%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 95%
Overhead ratio 5%
Fundraising cost ratio 0%
Revenue growth 76%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2024

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$697K revenue · ⤓ 990 PDF
FY2024$813K revenue · viewing · ⤓ 990 PDF
FY2023$461K revenue · ⤓ 990 PDF
FY2022$482K revenue · ⤓ 990 PDF
FY2021$272K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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