Menaul School FY2023 filing

Tax-deductible

Albuquerque, NM501(c)(3)Since 1896EducationEIN 85-0218216Revenue $8.4M in FY2023

On file with the IRSmenaulschool.org301 Menaul Blvd Ne, 87107-1527 · Albuquerque, NMTax-exempt since Aug 1987School — 170(b)(1)(A)(ii)

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Education of middle and high School age students. Menaul School develops excellence, confidence, and integrity and provides the foundation for life-long learning and ethical leadership. The menual School community believes in educating for life and to that end holds diversity, respect, intellectual couriosity, responsible leadership, and spiritual growth as core values at the heart of all their activities.

501(c)(3) charity; gifts are tax-deductible.
71¢ of each $1 spent went to programs.
$192K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2023 · 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
2 of 5
filings with a surplus
Average surplus $165K a year · 2% of revenue · last 5 filings
Worth a look: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
71%
of spending
Fine: 71% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$192K
to officers and key staff · 2% of spending
Looks good: pay to officers and key staff is 2% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
<1 mo
of spending, in cash
Concern: 0.1 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
6
named funders · $679K
Looks good: 6 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$4.1M
39% of total assets
Looks good: liabilities are 39% of assets; 50% or less.
Pt X · Ln 26
Independent board members
21
of 21 voting members
Looks good: 21 of 21 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$8.4M
-5% vs prior year
Spent
$8.9M
To programs
71%
Net assets
$6.5M
By yearFY2020–FY2024
Revenue
$8.4M
FY2023▼ -5%
Tap a bar for its year
Revenue by fiscal year
FY2020$7.2M
FY2021$6.0M
FY2022$8.8M
FY2023$8.4M
FY2024$6.8M
FY2024$7.2M
Expenses
$8.9M
FY2023▲ +33%
Tap a bar for its year
Expenses by fiscal year
FY2020$6.4M
FY2021$6.4M
FY2022$6.7M
FY2023$8.9M
FY2024$7.9M
FY2024$8.1M
Net assets
$6.5M
FY2023▼ -7%
Tap a bar for its year
Net assets by fiscal year
FY2020$5.2M
FY2021$5.1M
FY2022$7.0M
FY2023$6.5M
FY2024$5.5M
FY2024$4.8M

From the FY2023 Form 990 (year ending June 2023) · figures checked against the IRS filing · see the original

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You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Aug 1987.

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

Where the money goes

71 cents of each dollar spent went to programs.

Program services 71% · $6.3M Management & general 23% · $2.0M Fundraising 6% · $564K

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

22 people listed on the 990; $192K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
$191,884Pt VII · Sec A
Vice Chair
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
Member
$0Pt VII · Sec A
Interim Pres
$0Pt VII · Sec A
$0Pt VII · Sec A

Lindsey R Gilbert JR’s $134K as Former Head is at the 55th 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 · 5 named individuals · Part VII

NameFY2024FY2024FY2023FY2022FY2021FY2020
Lindsey R Gilbert JR$134,439$209,537$191,884$180,353$168,931$159,545
Julie Bean$134,167—————
Troy Williamson————$101,454$113,689
Christopher Ferrara$102,316$112,793————
David Breidenbach—$25,203————

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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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

Educates middle and high school students.

Provided by the organization

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1 program · $6.3M · in their own filed words · FY2022
01

Menaul school provides educational services for approximately 200 students in new mexico ranging from middle school through high school. The school also offers several programs for international students.

$6.3Mprogram 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
See all 6 funders →
Grants paid · 12 grants · $12.3M · 2019–2024
Unitemized GrantFY2024$1,778,968
Unitemized GrantFY2024$506,007
Unitemized GrantFY2023$1,496,269
Unitemized GrantFY2023$985,368
Unitemized GrantFY2022$1,823,638
Unitemized GrantFY2022$942,780
Unitemized GrantFY2021$818,984
Unitemized GrantFY2021$795,594
Unitemized GrantFY2020$877,248
Unitemized GrantFY2020$787,556
Unitemized GrantFY2019$830,964
Unitemized GrantFY2019$648,609

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$8.4M
Ln 12
Fees for servicesLn 2g$5.9M
Gifts and grantsLn 1h$2.4M
Investment incomeLn 3$77K
Money outPt IX
$8.9M
Ln 25
Programscol B$6.3M
Managementcol C$2.0M
Fundraisingcol D$564K
Owns and owesPt X
$6.5M
net assets · Ln 32
Cash and savingsLn 1–2$77K
Total assetsLn 16$10.6M
LiabilitiesLn 26$4.1M
PeoplePt VI, VII
22
listed · VII A
PaidVII A1
Voting boardVI 1a21
IndependentVI 1b21
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$2.4M
Government grantsLn 1e$694K
Fundraising eventsLn 1c$307K
Fees for servicesLn 2g$5.9M
Investment incomeLn 3$77K
Total revenueLn 12$8.4M
Assets in detailPt X, end of year
CashLn 1$72K
SavingsLn 2$6K
Cash and savings togetherLn 1–2$77K
InvestmentsLn 11–13$1.8M
Land, buildings, equipmentLn 10c$5.8M
Other assetsLn 15$374K
Total assetsLn 16$10.6M
LiabilitiesLn 26$4.1M
Net assetsLn 32$6.5M
OperationsPt I, VI
EmployeesI 5107
VolunteersI 61
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 FY23End FY23
Cash and savingsLn 1–2$139K$77K
InvestmentsLn 11–13$2.6M$1.8M
Land, buildings, equipmentLn 10c$5.5M$5.8M
Total assetsLn 16$10.5M$10.6M
LiabilitiesLn 26$3.5M$4.1M
Net assetsLn 32$7.0M$6.5M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$2.8M$2.8M
Pay of current officers, directors and key staffLn 5$234K$143K$64K$26K
Other salaries and wagesLn 7$3.1M$1.9M$836K$342K
Pension plan contributionsLn 8$105K$63K$31K$10K
Other employee benefitsLn 9$326K$213K$84K$28K
Payroll taxesLn 10$261K$167K$71K$24K
Other fees for servicesLn 11g$195K$41K$132K$22K
Advertising and promotionLn 12$106K$104K$2K
Office expensesLn 13$76K$18K$52K$5K
OccupancyLn 16$230K$147K$62K$21K
TravelLn 17$43K$1K$41K$845
Conferences, conventions and meetingsLn 19$21K$7K$11K$3K
InterestLn 20$140K$140K
Depreciation, depletion and amortizationLn 22$468K$299K$126K$42K
InsuranceLn 23$82K$53K$22K$7K
Other expenses (24a–d)Ln 24$783K$526K$227K$30K
Total functional expensesLn 25$8.9M$6.3M$2.0M$564K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $6.8M$7.9M−$1.1M$5.5M 990 PDF
FY2023 Viewing $8.4M$8.9M−$526K$6.5M 990 PDF
FY2022 $8.8M$6.7M$2.1M$7.0M 990 PDF
FY2021 $6.0M$6.4M−$447K$5.1M 990 PDF
FY2020 $7.2M$6.4M$725K$5.2M 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 FY2023 990 (6 parts)
Part I · Summary $8,360,233 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $3,568,343$2,426,051
I-9 Program service revenuePrior year $4,272,185$5,896,581
I-10 Investment incomePrior year $52,631$77,413
I-11 Other revenuePrior year $936,005−$39,812
I-12 Total revenuePrior year $8,829,164$8,360,233
I-13 Grants and similar amounts paidPrior year $1,614,578$2,766,418
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $3,250,726$3,975,706
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $1,830,176$2,143,764
I-18 Total expensesPrior year $6,695,480$8,885,888
I-19 Revenue less expensesPrior year $2,133,684−$525,655
Part VI · Governance 21 of 21 board members independent, no flags
VI-1a Voting members of the governing body21
VI-1b Independent voting members21
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $8,360,233 across 8 lines filed
VIII-1c Fundraising events$306,798
VIII-1e Government grants$693,737
VIII-1f All other contributions, gifts and grants$1,425,516
VIII-1h Total contributions, gifts and grants$2,426,051
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $5,896,581$5,896,581
VIII-3 Investment incomeRelated to mission $77,413$77,413
VIII-8 Net income from fundraising events−$39,812
VIII-12 Total revenueRelated to mission $5,973,994$8,360,233
Part IX · Statement of functional expenses $8,885,888 across 16 lines filed
IX-2 Grants to domestic individualsPrograms $2,766,418$2,766,418
IX-5 Pay of current officers, directors and key staffPrograms $143,226 · Management $64,476 · Fundraising $26,017$233,719
IX-7 Other salaries and wagesPrograms $1,871,975 · Management $836,277 · Fundraising $342,141$3,050,393
IX-8 Pension plan contributionsPrograms $62,887 · Management $31,443 · Fundraising $10,481$104,811
IX-9 Other employee benefitsPrograms $213,215 · Management $84,328 · Fundraising $28,110$325,653
IX-10 Payroll taxesPrograms $167,123 · Management $70,505 · Fundraising $23,502$261,130
IX-11g Other fees for servicesPrograms $40,833 · Management $131,718 · Fundraising $22,309$194,860
IX-12 Advertising and promotionManagement $104,073 · Fundraising $1,535$105,608
IX-13 Office expensesPrograms $18,430 · Management $51,842 · Fundraising $5,369$75,641
IX-16 OccupancyPrograms $147,225 · Management $62,111 · Fundraising $20,704$230,040
IX-17 TravelPrograms $1,366 · Management $41,264 · Fundraising $845$43,475
IX-19 Conferences, conventions and meetingsPrograms $6,557 · Management $11,384 · Fundraising $3,260$21,201
IX-20 InterestManagement $139,845$139,845
IX-22 Depreciation, depletion and amortizationPrograms $299,315 · Management $126,273 · Fundraising $42,091$467,679
IX-23 InsurancePrograms $52,721 · Management $22,242 · Fundraising $7,414$82,377
IX-24 Other expenses (24a–d)Programs $525,883 · Management $227,106 · Fundraising $30,049$783,038
IX-25 Total functional expensesPrograms $6,317,174 · Management $2,004,887 · Fundraising $563,827$8,885,888
Part X · Balance sheet $10,622,091 assets, 17 lines filed
X-1 Cash, non-interest-bearingStart of year $134,352$71,538
X-2 Savings and temporary cash investmentsStart of year $4,851$5,869
X-3 Pledges and grants receivableStart of year $1,645,405$1,645,405
X-4 Accounts receivableStart of year $243,164$881,052
X-9 Prepaid expenses and deferred chargesStart of year $3,019$3,019
X-10c Land, buildings and equipment, netStart of year $5,463,375$5,832,468
X-11 Publicly traded securitiesStart of year $2,621,033$1,808,910
X-15 Other assetsStart of year $373,137$373,830
X-16 Total assetsStart of year $10,488,336$10,622,091
X-17 Accounts payable and accrued expensesStart of year $348,028$588,719
X-19 Deferred revenueStart of year $816,326$681,025
X-24 Unsecured notes and loans payableStart of year $1,643,588$2,182,587
X-26 Total liabilitiesStart of year $3,480,634$4,104,320
X-27 Net assets without donor restrictionsStart of year $2,215,257$3,036,609
X-28 Net assets with donor restrictionsStart of year $4,792,445$3,481,162
X-32 Total net assets or fund balancesStart of year $7,007,702$6,517,771
X-33 Total liabilities and net assetsStart of year $10,488,336$10,622,091
Part XI · Reconciliation of net assets $6,517,771 net assets at year end
XI-1 Total revenue$8,360,233
XI-2 Total expenses$8,885,888
XI-3 Revenue less expenses−$525,655
XI-4 Net assets at start of year$7,007,702
XI-5 Net unrealized gains (losses) on investments$35,724
XI-10 Net assets at end of year$6,517,771

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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