Grades k-8 homeschooling classes

501(c)(3) charity; gifts are tax-deductible.
81¢ of each $1 spent went to programs.
Run by 35 volunteers and 19 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

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
4 of 4
filings with a surplus
Average surplus $687K a year · 50% of revenue · last 4 filings
Looks good: a surplus in 4 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
81%
of spending
Looks good: 81% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$84K
to officers and key staff · 8% of spending
Looks good: pay to officers and key staff is 8% of spending; 15% or less.
Pt VII · Sec A
20 mo
of spending, in cash
Looks good: 19.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
5
named funders · $1.2M
Looks good: 5 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$729K
20% of total assets
Looks good: liabilities are 20% of assets; 50% or less.
Pt X · Ln 26
Independent board members
6
of 8 voting members
Looks good: 6 of 8 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$2.9M
+194% vs prior year
Spent
$1.1M
To programs
81%
Net assets
$2.9M
By yearFY2020–FY2024
Revenue
$2.9M
FY2024▲ +194%
Tap a bar for its year
Revenue by fiscal year
FY2020$173K
FY2021$418K
FY2022$1.3M
FY2023$971K
FY2024$2.9M
Expenses
$1.1M
FY2024▲ +27%
Tap a bar for its year
Expenses by fiscal year
FY2020Not on file
FY2021$346K
FY2022$516K
FY2023$841K
FY2024$1.1M
Net assets
$2.9M
FY2024▲ +168%
Tap a bar for its year
Net assets by fiscal year
FY2020$69K
FY2021$141K
FY2022$920K
FY2023$1.1M
FY2024$2.9M

From the FY2024 Form 990 · 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 Mar 2021.

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

Where the money goes

81 cents of each dollar spent went to programs.

Program services 81% · $865K Management & general 14% · $149K Fundraising 5% · $50K

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

8 people listed on the 990; $84K paid to officers and key staff.

Part VII, Section A · reportable compensation
Head of Scho
$84,063Pt VII · Sec A
President
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Anna Conley’s $84K as Head of Scho is at the 21st 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 · 2 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Anna Conley$84,063$62,100$62,100$52,083$41,000
Caleb Vits——$49,680$47,167$46,000

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 Watermark Classical Academy 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 15aNo

Programs and updates

Provides K-8 homeschooling classes for students.

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Provided by the organization

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1 program · $865K · in their own filed words · FY2024
01

The organization employs classroom teachers and part-time TEACHERS/SUPPORT staff who partner with parents to provide classical instruction from a christian worldview in core content areas. Services were provided to 196 students.

$865Kprogram expense

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 · FY2024
See all 5 funders →

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$2.9M
Ln 12
Gifts and grantsLn 1h$2.0M
Fees for servicesLn 2g$858K
Investment incomeLn 3$38K
Money outPt IX
$1.1M
Ln 25
Programscol B$865K
Managementcol C$149K
Fundraisingcol D$50K
Owns and owesPt X
$2.9M
net assets · Ln 32
Cash and savingsLn 1–2$1.7M
Total assetsLn 16$3.6M
LiabilitiesLn 26$729K
PeoplePt VI, VII
8
listed · VII A
PaidVII A1
Voting boardVI 1a8
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$2.0M
Fees for servicesLn 2g$858K
Investment incomeLn 3$38K
Other incomeLn 4–11$5K
Gains on assetsLn 7$3K
Total revenueLn 12$2.9M
Assets in detailPt X, end of year
CashLn 1$513K
SavingsLn 2$1.2M
Cash and savings togetherLn 1–2$1.7M
InvestmentsLn 11–13$481K
Land, buildings, equipmentLn 10c$1.0M
Other assetsLn 15$346K
Total assetsLn 16$3.6M
LiabilitiesLn 26$729K
Net assetsLn 32$2.9M
OperationsPt I, VI
EmployeesI 519
VolunteersI 635
Fiscal year endsHeaderDecember
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$191K$1.7M
InvestmentsLn 11–13$468K$481K
Land, buildings, equipmentLn 10c$1.1M$1.0M
Total assetsLn 16$1.7M$3.6M
LiabilitiesLn 26$667K$729K
Net assetsLn 32$1.1M$2.9M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$84K$67K$17K
Other salaries and wagesLn 7$562K$493K$69K
Payroll taxesLn 10$55K$44K$11K
Accounting feesLn 11c$8K$8K
Investment management feesLn 11f$3K$3K
Office expensesLn 13$12K$10K$2K
Information technologyLn 14$11K$8K$2K
OccupancyLn 16$32K$26K$6K
Conferences, conventions and meetingsLn 19$3K$3K
InterestLn 20$35K$28K$7K
Depreciation, depletion and amortizationLn 22$53K$43K$11K
InsuranceLn 23$16K$16K
Other expenses (24a–d)Ln 24$141K$86K$5K$50K
All other expensesLn 24e$50K$42K$8K
Total functional expensesLn 25$1.1M$865K$149K$50K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $2.9M$1.1M$1.8M$2.9M 990 PDF
FY2023 $971K$841K$130K$1.1M 990 PDF
FY2022 $1.3M$516K$755K$920K 990 PDF
FY2021 $418K$346K$72K$141K 990 PDF
FY2020 $173K$69K 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 FY2024 990 (6 parts)
Part I · Summary $2,856,151 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $336,043$1,955,403
I-9 Program service revenuePrior year $615,019$858,207
I-10 Investment incomePrior year $20,235$38,020
I-11 Other revenue$4,521
I-12 Total revenuePrior year $971,297$2,856,151
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $560,767$700,644
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $280,639$364,209
I-18 Total expensesPrior year $841,406$1,064,853
I-19 Revenue less expensesPrior year $129,891$1,791,298
Part VI · Governance 6 of 8 board members independent, 2 to look at
VI-1a Voting members of the governing body8
VI-1b Independent voting members6
VI-2 Family or business relationship among officers or directorsYes
VI-15a Process for setting top official's payNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $2,856,151 across 7 lines filed
VIII-1f All other contributions, gifts and grants$1,955,403
VIII-1h Total contributions, gifts and grants$1,955,403
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $858,207$858,207
VIII-3 Investment incomeExcluded from tax $34,814$34,814
VIII-7 Net gain or loss on sales of assetsExcluded from tax $3,206$3,206
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $4,521$4,521
VIII-12 Total revenueRelated to mission $862,728 · Excluded from tax $38,020$2,856,151
Part IX · Statement of functional expenses $1,064,853 across 14 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $67,250 · Management $16,813$84,063
IX-7 Other salaries and wagesPrograms $493,051 · Management $68,959$562,010
IX-10 Payroll taxesPrograms $43,657 · Management $10,914$54,571
IX-11c Accounting feesManagement $7,989$7,989
IX-11f Investment management feesManagement $2,677$2,677
IX-13 Office expensesPrograms $9,830 · Management $2,457$12,287
IX-14 Information technologyPrograms $8,464 · Management $2,116$10,580
IX-16 OccupancyPrograms $25,852 · Management $6,463$32,315
IX-19 Conferences, conventions and meetingsPrograms $3,020$3,020
IX-20 InterestPrograms $28,107 · Management $7,027$35,134
IX-22 Depreciation, depletion and amortizationPrograms $42,662 · Management $10,666$53,328
IX-23 InsurancePrograms $15,951$15,951
IX-24 Other expenses (24a–d)Programs $85,874 · Management $5,308 · Fundraising $50,094$141,276
IX-24e All other expensesPrograms $41,590 · Management $8,062$49,652
IX-25 Total functional expensesPrograms $865,308 · Management $149,451 · Fundraising $50,094$1,064,853
Part X · Balance sheet $3,590,002 assets, 16 lines filed
X-1 Cash, non-interest-bearingStart of year $103,339$513,233
X-2 Savings and temporary cash investmentsStart of year $87,333$1,232,478
X-4 Accounts receivableStart of year $17,820$9,060
X-9 Prepaid expenses and deferred chargesStart of year $4,834$7,166
X-10c Land, buildings and equipment, netStart of year $1,053,925$1,000,597
X-11 Publicly traded securitiesStart of year $467,565$481,230
X-15 Other assetsStart of year $1,726$346,238
X-16 Total assetsStart of year $1,736,542$3,590,002
X-17 Accounts payable and accrued expenses$79,850
X-19 Deferred revenueStart of year $79,974$65,341
X-24 Unsecured notes and loans payable$10,618
X-26 Total liabilitiesStart of year $667,150$729,312
X-27 Net assets without donor restrictionsStart of year $1,069,392$1,349,619
X-28 Net assets with donor restrictions$1,511,071
X-32 Total net assets or fund balancesStart of year $1,069,392$2,860,690
X-33 Total liabilities and net assetsStart of year $1,736,542$3,590,002
Part XI · Reconciliation of net assets $2,860,690 net assets at year end
XI-1 Total revenue$2,856,151
XI-2 Total expenses$1,064,853
XI-3 Revenue less expenses$1,791,298
XI-4 Net assets at start of year$1,069,392
XI-10 Net assets at end of year$2,860,690

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

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