Courage Schools INC: FY2023 Nonprofit Profile & Form 990 (EIN 85-3795659)

Dr Mary E McPherson’s $180K as President & Head of School is at the 77th 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

Name	FY2025	FY2024	FY2023	FY2022
Dr Mary E McPherson	$179,848	$174,185	$156,046	$65,000
Micky Irwin	$110,104	—	—	—

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 15aNo

Programs and updates

Helps K-5 students with diagnosed language learning differences like dyslexia.

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1 program · $791K · in their own filed words · FY2022

01

Courage schools services rising k through 5TH grade students who have a diagnosed language difference such as dyslexia and dysgraphia. Courage schools is a remediation program for students with language based learning differences such as dyslexia, dysgraphia, EXPRESSIVE/RECEPTIVE language disorder, etc.

$791Kprogram 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

Raymond James Charitable Endowment FundFY2024$35K

Donor Advised Charitable Giving INCFY2024$10K

American Online Giving Foundation INCFY2024$8K

Verizon FoundationFY2024$350

Total grants receivedfrom 4 funders$53K

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Grants paid · 5 grants · $100K · 2021–2024

Unitemized GrantFY2024$34,387

Unitemized GrantFY2024$20,000

Unitemized GrantFY2023$20,000

Unitemized GrantFY2022$20,000

Unitemized GrantFY2021$6,000

By the numbers

The FY2023 990, line by line.

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from philanthropy.org

1The main four

Money inPt VIII

$1.7M

Ln 12

Fees for servicesLn 2g$1.6M

Gifts and grantsLn 1h$44K

Investment incomeLn 3$5

Money outPt IX

$1.1M

Ln 25

Programscol B$791K

Managementcol C$255K

Fundraisingcol D$25K

Owns and owesPt X

$981K

net assets · Ln 32

Cash and savingsLn 1–2$1.5M

Total assetsLn 16$2.0M

LiabilitiesLn 26$1.0M

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$44K

Noncash giftsLn 1g$3K

Fundraising eventsLn 1c$4K

Fees for servicesLn 2g$1.6M

Investment incomeLn 3$5

Total revenueLn 12$1.7M

Assets in detailPt X, end of year

CashLn 1$1.5M

SavingsLn 2$65K

Cash and savings togetherLn 1–2$1.5M

Land, buildings, equipmentLn 10c$70K

Other assetsLn 15$382K

Total assetsLn 16$2.0M

LiabilitiesLn 26$1.0M

Net assetsLn 32$981K

OperationsPt I, VI

EmployeesI 54

VolunteersI 610

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

Line	Start FY23	End FY23
Cash and savingsLn 1–2	$783K	$1.5M
Land, buildings, equipmentLn 10c	$47K	$70K
Total assetsLn 16	$855K	$2.0M
LiabilitiesLn 26	$477K	$1.0M
Net assetsLn 32	$379K	$981K

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Grants to domestic individualsLn 2	$20K	$20K
Pay of current officers, directors and key staffLn 5	$191K	$33K	$142K	$16K
Pay of disqualified personsLn 6	$51K	$51K
Other salaries and wagesLn 7	$397K	$363K	$27K	$6K
Other employee benefitsLn 9	$34K	$27K	$6K	$670
Payroll taxesLn 10	$53K	$37K	$15K	$1K
Legal feesLn 11b	$11K	$11K
Accounting feesLn 11c	$4K		$4K
Other fees for servicesLn 11g	$105K	$77K	$28K
Advertising and promotionLn 12	$3K		$3K
Office expensesLn 13	$3K	$135	$3K
Information technologyLn 14	$8K	$7K	$2K
OccupancyLn 16	$133K	$113K	$20K
Depreciation, depletion and amortizationLn 22	$14K	$14K
InsuranceLn 23	$9K	$9K
Other expenses (24a–d)Ln 24	$36K	$29K	$7K
Total functional expensesLn 25	$1.1M	$791K	$255K	$25K

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2025 Latest	$2.4M	$1.7M	$637K	$2.1M	990 PDF
FY2024	$2.0M	$1.5M	$508K	$1.5M	990 PDF
FY2023 Viewing	$1.7M	$1.1M	$602K	$981K	990 PDF
FY2022	$1.3M	$947K	$352K	$379K	990 PDF
FY2021	$84K	$57K	$27K	$27K	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 J · Pay O · Explanations

See the full FY2023 990 (6 parts)

Part I · Summary $1,672,928 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $76,383$43,792

I-9 Program service revenuePrior year $1,222,221$1,631,701

I-10 Investment incomePrior year $0$5

I-11 Other revenuePrior year $0−$2,570

I-12 Total revenuePrior year $1,298,604$1,672,928

I-13 Grants and similar amounts paidPrior year $6,000$20,000

I-14 Benefits paid to membersPrior year $0$0

I-15 Salaries and benefitsPrior year $551,533$725,611

I-16a Professional fundraising feesPrior year $0$0

I-17 Other expensesPrior year $389,431$325,130

I-18 Total expensesPrior year $946,964$1,070,741

I-19 Revenue less expensesPrior year $351,640$602,187

Part VI · Governance 6 of 8 board members independent, 1 to look at

VI-1a Voting members of the governing body8

VI-1b Independent voting members6

VI-15a Process for setting top official's payNo

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

Part VIII · Statement of revenue $1,672,928 across 8 lines filed

VIII-1c Fundraising events$3,562

VIII-1f All other contributions, gifts and grants$40,230

VIII-1g Noncash contributions (included above)$3,020

VIII-1h Total contributions, gifts and grants$43,792

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,631,701$1,631,701

VIII-3 Investment incomeExcluded from tax $5$5

VIII-8 Net income from fundraising eventsExcluded from tax −$2,570−$2,570

VIII-12 Total revenueRelated to mission $1,631,701 · Unrelated business $0 · Excluded from tax −$2,565$1,672,928

Part IX · Statement of functional expenses $1,070,741 across 16 lines filed

IX-2 Grants to domestic individualsPrograms $20,000$20,000

IX-5 Pay of current officers, directors and key staffPrograms $32,731 · Management $142,058 · Fundraising $16,365$191,154

IX-6 Pay of disqualified personsPrograms $51,452$51,452

IX-7 Other salaries and wagesPrograms $363,472 · Management $27,004 · Fundraising $6,425$396,901

IX-9 Other employee benefitsPrograms $26,818 · Management $6,034 · Fundraising $670$33,522

IX-10 Payroll taxesPrograms $36,807 · Management $14,723 · Fundraising $1,052$52,582

IX-11b Legal feesPrograms $10,667$10,667

IX-11c Accounting feesManagement $3,500$3,500

IX-11g Other fees for servicesPrograms $76,693 · Management $27,908$104,601

IX-12 Advertising and promotionManagement $2,783$2,783

IX-13 Office expensesPrograms $135 · Management $2,575$2,710

IX-14 Information technologyPrograms $6,748 · Management $1,687$8,435

IX-16 OccupancyPrograms $113,324 · Management $19,999$133,323

IX-22 Depreciation, depletion and amortizationPrograms $13,897$13,897

IX-23 InsurancePrograms $9,178$9,178

IX-24 Other expenses (24a–d)Programs $29,168 · Management $6,868$36,036

IX-25 Total functional expensesPrograms $791,090 · Management $255,139 · Fundraising $24,512$1,070,741

Part X · Balance sheet $1,999,584 assets, 14 lines filed

X-1 Cash, non-interest-bearingStart of year $736,548$1,470,018

X-2 Savings and temporary cash investmentsStart of year $46,027$64,656

X-9 Prepaid expenses and deferred chargesStart of year $12,694$12,694

X-10c Land, buildings and equipment, netStart of year $47,011$70,480

X-15 Other assetsStart of year $13,152$381,736

X-16 Total assetsStart of year $855,432$1,999,584

X-17 Accounts payable and accrued expensesStart of year $12,266$19,931

X-19 Deferred revenueStart of year $464,331$592,220

X-25 Other liabilitiesStart of year $0$406,411

X-26 Total liabilitiesStart of year $476,597$1,018,562

X-27 Net assets without donor restrictionsStart of year $358,399$974,150

X-28 Net assets with donor restrictionsStart of year $20,436$6,872

X-32 Total net assets or fund balancesStart of year $378,835$981,022

X-33 Total liabilities and net assetsStart of year $855,432$1,999,584

Part XI · Reconciliation of net assets $981,022 net assets at year end

XI-1 Total revenue$1,672,928

XI-2 Total expenses$1,070,741

XI-3 Revenue less expenses$602,187

XI-4 Net assets at start of year$378,835

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year$981,022

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

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Courage Schools INC FY2023 filing

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