501(c)(3) charity; gifts are tax-deductible.
67¢ of each $1 spent went to programs.
Run by 6 volunteers and 37 employees.
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 4
filings with a surplus
Average deficit $27K a year · 1% of revenue · last 4 filings
Concern: a surplus in 1 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
67%
of spending
Fine: 67% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$93K
to officers and key staff · 3% of spending
Looks good: pay to officers and key staff is 3% of spending; 15% or less.
Pt VII · Sec A
2 mo
of spending, in cash
Fine: 1.6 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $706K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$164K
25% of total assets
Looks good: liabilities are 25% of assets; 50% or less.
Pt X · Ln 26
Independent board members
6
of 7 voting members
Looks good: 6 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$2.5M
+7% vs prior year
Spent
$2.8M
To programs
67%
Net assets
$483K
By yearFY2022–FY2025
Revenue
$2.5M
FY2025▲ +7%
Tap a bar for its year
Revenue by fiscal year
FY2022$1.1M
FY2023$1.8M
FY2024$2.3M
FY2025$2.5M
Expenses
$2.8M
FY2025▲ +17%
Tap a bar for its year
Expenses by fiscal year
FY2022$1.2M
FY2023$1.5M
FY2024$2.4M
FY2025$2.8M
Net assets
$483K
FY2025▼ -70%
Tap a bar for its year
Net assets by fiscal year
FY2022$1.4M
FY2023$1.7M
FY2024$1.6M
FY2025$483K

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 Oct 2019.

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

Where the money goes

67 cents of each dollar spent went to programs.

Program services 67% · $1.8M Management & general 32% · $888K Fundraising 1% · $16K

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

7 people listed on the 990; $93K 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
$92,700Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Chair
$0Pt VII · Sec A
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A

Grace Louis’s $93K as Head of School is at the 26th 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
Grace Louis$92,700$92,700$83,315$74,414

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 Middle Way 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

Integrates Buddhist wisdom and compassion with progressive education to foster kind, wise, and disciplined students.

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Provided by the organization

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1 program · $1.8M · in their own filed words · FY2024
01

MWS is one of the first Buddhist-based independent elementary schools for children in the West. MWS's central mission is to infuse academics and all other activities at the school with Buddhist wisdom and compassion.

$1.8Mprogram 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 2 funders$706K
Grants paid · 1 grant · $461K · 2023–2023
Unitemized GrantFY2023$461,435

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$2.5M
Ln 12
Fees for servicesLn 2g$1.6M
Gifts and grantsLn 1h$872K
Investment incomeLn 3$864
Money outPt IX
$2.8M
Ln 25
Programscol B$1.8M
Managementcol C$888K
Fundraisingcol D$16K
Owns and owesPt X
$483K
net assets · Ln 32
Cash and savingsLn 1–2$368K
Total assetsLn 16$647K
LiabilitiesLn 26$164K
PeoplePt VI, VII
7
listed · VII A
PaidVII A1
Voting boardVI 1a7
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$872K
Government grantsLn 1e$58K
Fees for servicesLn 2g$1.6M
Investment incomeLn 3$864
Total revenueLn 12$2.5M
Assets in detailPt X, end of year
CashLn 1$368K
Cash and savings togetherLn 1–2$368K
Land, buildings, equipmentLn 10c$13K
Other assetsLn 15$240K
Total assetsLn 16$647K
LiabilitiesLn 26$164K
Net assetsLn 32$483K
OperationsPt I, VI
EmployeesI 537
VolunteersI 66
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$634K$368K
Land, buildings, equipmentLn 10c$1.1M$13K
Total assetsLn 16$1.8M$647K
LiabilitiesLn 26$156K$164K
Net assetsLn 32$1.6M$483K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$457K$457K
Pay of current officers, directors and key staffLn 5$93K$55K$37K
Other salaries and wagesLn 7$1.6M$929K$628K
Other employee benefitsLn 9$10K$10K
Payroll taxesLn 10$130K$78K$52K
Legal feesLn 11b$2K$2K
Accounting feesLn 11c$14K$14K
Advertising and promotionLn 12$14K$5K$8K$919
Office expensesLn 13$6K$2K$4K$231
Information technologyLn 14$5K$2K$3K
OccupancyLn 16$28K$5K$23K
TravelLn 17$10K$6K$4K
Depreciation, depletion and amortizationLn 22$233K$233K
InsuranceLn 23$13K$13K
Other expenses (24a–d)Ln 24$132K$68K$63K$680
All other expensesLn 24e$49K$8K$26K$15K
Total functional expensesLn 25$2.8M$1.8M$888K$16K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $2.5M$2.8M−$280K$483K 990 PDF
FY2024 $2.3M$2.4M−$40K$1.6M 990 PDF
FY2023 $1.8M$1.5M$290K$1.7M 990 PDF
FY2022 $1.1M$1.2M−$78K$1.4M 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 $2,472,622 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $920,008$872,251
I-9 Program service revenuePrior year $1,399,700$1,599,507
I-10 Investment incomePrior year $874$864
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $2,320,582$2,472,622
I-13 Grants and similar amounts paidPrior year $461,435$456,861
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $1,574,459$1,789,761
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $324,975$505,583
I-18 Total expensesPrior year $2,360,869$2,752,205
I-19 Revenue less expensesPrior year −$40,287−$279,583
Part VI · Governance 6 of 7 board members independent, 2 to look at
VI-1a Voting members of the governing body7
VI-1b Independent voting members6
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $2,472,622 across 6 lines filed
VIII-1e Government grants$58,445
VIII-1f All other contributions, gifts and grants$813,806
VIII-1h Total contributions, gifts and grants$872,251
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,599,507$1,599,507
VIII-3 Investment incomeRelated to mission $864$864
VIII-12 Total revenueRelated to mission $1,600,371 · Unrelated business $0 · Excluded from tax $0$2,472,622
Part IX · Statement of functional expenses $2,752,205 across 16 lines filed
IX-2 Grants to domestic individualsPrograms $456,861$456,861
IX-5 Pay of current officers, directors and key staffPrograms $55,327 · Management $37,373$92,700
IX-7 Other salaries and wagesPrograms $929,477 · Management $627,867$1,557,344
IX-9 Other employee benefitsManagement $9,755$9,755
IX-10 Payroll taxesPrograms $77,566 · Management $52,396$129,962
IX-11b Legal feesManagement $2,264$2,264
IX-11c Accounting feesManagement $14,000$14,000
IX-12 Advertising and promotionPrograms $4,715 · Management $8,112 · Fundraising $919$13,746
IX-13 Office expensesPrograms $1,742 · Management $4,327 · Fundraising $231$6,300
IX-14 Information technologyPrograms $1,504 · Management $3,189$4,693
IX-16 OccupancyPrograms $5,011 · Management $22,700$27,711
IX-17 TravelPrograms $6,346 · Management $3,674$10,020
IX-22 Depreciation, depletion and amortizationPrograms $233,425$233,425
IX-23 InsuranceManagement $12,815$12,815
IX-24 Other expenses (24a–d)Programs $68,204 · Management $62,862 · Fundraising $680$131,746
IX-24e All other expensesPrograms $8,117 · Management $26,188 · Fundraising $14,558$48,863
IX-25 Total functional expensesPrograms $1,848,295 · Management $887,522 · Fundraising $16,388$2,752,205
Part X · Balance sheet $646,684 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $634,445$367,937
X-4 Accounts receivableStart of year $31,445$12,932
X-9 Prepaid expenses and deferred chargesStart of year $8,084$12,511
X-10c Land, buildings and equipment, netStart of year $1,106,072$12,908
X-15 Other assetsStart of year $0$240,396
X-16 Total assetsStart of year $1,780,046$646,684
X-17 Accounts payable and accrued expensesStart of year $30,961$34,435
X-19 Deferred revenueStart of year $125,527$129,267
X-26 Total liabilitiesStart of year $156,488$163,702
X-27 Net assets without donor restrictionsStart of year $1,377,308$242,586
X-28 Net assets with donor restrictionsStart of year $246,250$240,396
X-32 Total net assets or fund balancesStart of year $1,623,558$482,982
X-33 Total liabilities and net assetsStart of year $1,780,046$646,684
Part XI · Reconciliation of net assets $482,982 net assets at year end
XI-1 Total revenue$2,472,622
XI-2 Total expenses$2,752,205
XI-3 Revenue less expenses−$279,583
XI-4 Net assets at start of year$1,623,558
XI-9 Other changes in net assets−$860,990
XI-10 Net assets at end of year$482,982

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

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