Empowers students academically, socially, and emotionally to reach their potential and find their purpose.
For fiscal year 2024 it reported $603K in revenue, $538K in expenses, and $36K in net assets.Pt I
Where the money goes · FY2024
Total revenue
$603K
Pt VIII · Ln 12
Total expenses
$538K
Pt IX · Ln 25
Net assets
$36K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $65K
Where spending went · Part IX cols B–D
77%
23%
Program services $0.77 Management & general $0.23 Fundraising $0.00
Program efficiency
77%
of spending reaches programs▼ -5% vs prior filing year
Operating runway
0.3mo
months of highly liquid reserves at operating expense rate
Surplus margin
+11%
revenue over expenses, this year▲ +26% vs prior filing year
Summary of the Filing
Part I · fiscal year 2024 · Form 990
Revenue
$603K
FY2024▼ -11%
$678K$339K$0
FY2021FY2024
Expenses
$538K
FY2024▼ -13%
$624K$312K$0
FY2021FY2024
Total assets
$77K
FY2024▲ +209%
$281K$141K$0
FY2021FY2024
Total liabilities
$41K
FY2024▼ -16%
$322K$161K$0
FY2021FY2024
Total revenue
$603K
Pt VIII · Ln 12
Total expenses
$538K
Pt IX · Ln 25
Net assets
$36K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$65K
Total assetsPt X · Ln 16$77K
Program-expense ratioPt IX · col B77%
Voting members of governing bodyPt I · Ln 33
Independent voting membersPt I · Ln 41
Mission & Programs · Part III
Where the work happens
3 program services account for $411K of program spending, described in the organization's own filed words · FY2024.
01
School year academic program the springwell school offers a distinctive k8 educational experience defined by small class sizes, hands-on inquiry-based learning, and a warm, welcoming environment. Our approach emphasizes creativity, service, and meaningful engagement over rote memorization and standardization.
$388Kprogram expense
02
Summer Camp Programs
The summer camp programs offer an enriching experience where campers dive into hands-on science, literacy skills, arts-integrated activities, and exposure to diverse cultures. Through dynamic camps like spanish and arts, crafters forge, lego robotics, and gardening and arts, children engage in creativity, learning, and fun.
$18Kprogram expense
03
After School Programs
The after school programs offer vital support for working parents by providing care from 3:30PM - 5:30PM. The program also enriches students afternoons with a variety of engaging enrichment programs. Past offerings have included lego robotics, martial arts, aquatics at the ymca, american sign language, visual arts and basketball.
Gloria Chan’s $86K as Head of School and Treasurer
is at the 76th percentile of top reported officer pay among 1616 $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.
Compensation history total reportable pay by year · 2 named individuals · Part VII
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.
Individual Gloria Chan · Reported title HEAD OF SCHOOL AND TREASURER · Highest reported compensation $86K · Total expenses $538K
16%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $352K · Total expenses $538K
65%
Peer comparison
Same NTEE category, revenue band, and state where available. Descriptive — not a grade.
Metric
This org
Peer median
Percentile
Program ratio
77%
—
—
Overhead ratio
23%
—
—
Fundraising cost ratio
1%
—
—
Revenue growth
-11%
—
—
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.
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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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