Prepares students to make a positive impact in the world.

501(c)(3) charity; gifts are tax-deductible.
74¢ of each $1 spent went to programs.
$334K 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
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
3 of 6
filings with a surplus
Average surplus $207K a year · 2% of revenue · last 6 filings
Worth a look: a surplus in 3 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
74%
of spending
Fine: 74% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$334K
to officers and key staff · 4% of spending
Looks good: pay to officers and key staff is 4% of spending; 15% or less.
Pt VII · Sec A
3 mo
of spending, in cash
Plus $2.9M in investments, Pt X · Ln 11–13
Fine: 2.9 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $4K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$2.6M
28% of total assets
Looks good: liabilities are 28% of assets; 50% or less.
Pt X · Ln 26
Independent board members
12
of 12 voting members
Looks good: 12 of 12 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$9.6M
+11% vs prior year
Spent
$9.4M
To programs
74%
Net assets
$6.9M
By yearFY2020–FY2025
Revenue
$9.6M
FY2023▲ +11%
Tap a bar for its year
Revenue by fiscal year
FY2020$7.6M
FY2021$8.8M
FY2022$8.7M
FY2023$9.6M
FY2024$9.7M
FY2025$10.1M
Expenses
$9.4M
FY2023▲ +13%
Tap a bar for its year
Expenses by fiscal year
FY2020$7.7M
FY2021$7.9M
FY2022$8.3M
FY2023$9.4M
FY2024$9.9M
FY2025$10.2M
Net assets
$6.9M
FY2023▲ +8%
Tap a bar for its year
Net assets by fiscal year
FY2020$4.9M
FY2021$6.4M
FY2022$6.4M
FY2023$6.9M
FY2024$7.2M
FY2025$7.5M

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 (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Apr 1980.

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

Where the money goes

74 cents of each dollar spent went to programs.

Program services 74% · $7.0M Management & general 23% · $2.2M Fundraising 3% · $241K

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

14 people listed on the 990; $334K 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
Head of School
$238,741Pt VII · Sec A
Director of Finance
$94,921Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Compensation history total reportable pay by year · 4 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Julie Sherrill—$248,820$238,741$216,581$216,581$199,422
Amy Seger$150,848—————
Mary Babbitt$109,448$102,000$94,921$88,421$87,921$76,500
Paul Forkner—————$80,000

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.

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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

Empowers students to create positive change globally.

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Provided by the organization

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1 program · $7.0M · in their own filed words · FY2022
01

To provide education to approximately 365 students in 5TH through 12TH grade

$7.0Mprogram 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 · FY2025
Total grants receivedfrom 1 funder$4K
Grants paid · 4 grants · $2.6M · 2023–2024
Unitemized GrantFY2024$1,174,945
Unitemized GrantFY2024$150,492
Unitemized GrantFY2023$1,089,450
Unitemized GrantFY2023$162,525

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$9.6M
Ln 12
Fees for servicesLn 2g$7.1M
Gifts and grantsLn 1h$2.5M
Other incomeLn 4–11$10K
Money outPt IX
$9.4M
Ln 25
Programscol B$7.0M
Managementcol C$2.2M
Fundraisingcol D$241K
Owns and owesPt X
$6.9M
net assets · Ln 32
Cash and savingsLn 1–2$2.3M
Total assetsLn 16$9.5M
LiabilitiesLn 26$2.6M
PeoplePt VI, VII
14
listed · VII A
PaidVII A2
Voting boardVI 1a12
IndependentVI 1b12
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$2.5M
Fees for servicesLn 2g$7.1M
Investment incomeLn 3$6K
Other incomeLn 4–11$10K
Gains on assetsLn 7−$2K
Total revenueLn 12$9.6M
Assets in detailPt X, end of year
CashLn 1$1.1M
SavingsLn 2$1.2M
Cash and savings togetherLn 1–2$2.3M
InvestmentsLn 11–13$2.9M
Land, buildings, equipmentLn 10c$4.0M
Other assetsLn 15$267K
Total assetsLn 16$9.5M
LiabilitiesLn 26$2.6M
Net assetsLn 32$6.9M
OperationsPt I, VI
EmployeesI 5131
VolunteersI 675
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$1.7M$2.3M
InvestmentsLn 11–13$2.7M$2.9M
Land, buildings, equipmentLn 10c$4.1M$4.0M
Total assetsLn 16$8.6M$9.5M
LiabilitiesLn 26$2.2M$2.6M
Net assetsLn 32$6.4M$6.9M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$1.5M$1.5M
Pay of current officers, directors and key staffLn 5$350K$95K$208K$47K
Other salaries and wagesLn 7$4.1M$2.8M$1.2M$31K
Pension plan contributionsLn 8$187K$134K$53K
Other employee benefitsLn 9$383K$273K$104K$6K
Payroll taxesLn 10$325K$220K$99K$6K
Accounting feesLn 11c$42K$42K
Investment management feesLn 11f$19K$19K
Other fees for servicesLn 11g$20K$20K
Advertising and promotionLn 12$58K$58K
Office expensesLn 13$23K$16K$6K
Information technologyLn 14$74K$23K$39K$12K
OccupancyLn 16$496K$413K$82K$1K
TravelLn 17$39K$39K
Conferences, conventions and meetingsLn 19$22K$15K$7K
Depreciation, depletion and amortizationLn 22$383K$325K$57K$934
InsuranceLn 23$116K$116K
Other expenses (24a–d)Ln 24$1.3M$1.1M$137K$65K
Total functional expensesLn 25$9.4M$7.0M$2.2M$241K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $10.1M$10.2M−$106K$7.5M 990 PDF
FY2024 $9.7M$9.9M−$122K$7.2M 990 PDF
FY2023 Viewing $9.6M$9.4M$232K$6.9M 990 PDF
FY2022 $8.7M$8.3M$367K$6.4M 990 PDF
FY2021 $8.8M$7.9M$888K$6.4M 990 PDF
FY2020 $7.6M$7.7M−$15K$4.9M 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 $9,623,114 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $2,209,862$2,521,559
I-9 Program service revenuePrior year $6,337,240$7,085,201
I-10 Investment incomePrior year $112,702$6,021
I-11 Other revenuePrior year $17,500$10,333
I-12 Total revenuePrior year $8,677,304$9,623,114
I-13 Grants and similar amounts paidPrior year $1,350,457$1,466,201
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $5,003,906$5,309,792
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $1,956,186$2,614,635
I-18 Total expensesPrior year $8,310,549$9,390,628
I-19 Revenue less expensesPrior year $366,755$232,486
Part VI · Governance 12 of 12 board members independent, no flags
VI-1a Voting members of the governing body12
VI-1b Independent voting members12
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 $9,623,114 across 7 lines filed
VIII-1f All other contributions, gifts and grants$2,521,559
VIII-1h Total contributions, gifts and grants$2,521,559
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $7,085,201$7,085,201
VIII-3 Investment incomeExcluded from tax $7,908$7,908
VIII-6 Net rental income or lossExcluded from tax $10,333$10,333
VIII-7 Net gain or loss on sales of assetsExcluded from tax −$1,887−$1,887
VIII-12 Total revenueRelated to mission $7,085,201 · Unrelated business $0 · Excluded from tax $16,354$9,623,114
Part IX · Statement of functional expenses $9,390,628 across 18 lines filed
IX-2 Grants to domestic individualsPrograms $1,466,201$1,466,201
IX-5 Pay of current officers, directors and key staffPrograms $94,775 · Management $207,712 · Fundraising $47,387$349,874
IX-7 Other salaries and wagesPrograms $2,844,895 · Management $1,188,883 · Fundraising $30,525$4,064,303
IX-8 Pension plan contributionsPrograms $134,417 · Management $53,073$187,490
IX-9 Other employee benefitsPrograms $273,127 · Management $103,712 · Fundraising $6,011$382,850
IX-10 Payroll taxesPrograms $220,337 · Management $99,114 · Fundraising $5,824$325,275
IX-11c Accounting feesManagement $42,340$42,340
IX-11f Investment management feesManagement $19,416$19,416
IX-11g Other fees for servicesManagement $19,669$19,669
IX-12 Advertising and promotionFundraising $57,963$57,963
IX-13 Office expensesManagement $16,353 · Fundraising $6,197$22,550
IX-14 Information technologyPrograms $22,546 · Management $38,818 · Fundraising $12,213$73,577
IX-16 OccupancyPrograms $412,716 · Management $82,178 · Fundraising $1,186$496,080
IX-17 TravelPrograms $39,079$39,079
IX-19 Conferences, conventions and meetingsManagement $14,844 · Fundraising $7,211$22,055
IX-22 Depreciation, depletion and amortizationPrograms $325,164 · Management $57,215 · Fundraising $934$383,313
IX-23 InsuranceManagement $115,689$115,689
IX-24 Other expenses (24a–d)Programs $1,121,177 · Management $136,610 · Fundraising $65,117$1,322,904
IX-25 Total functional expensesPrograms $6,954,434 · Management $2,195,626 · Fundraising $240,568$9,390,628
Part X · Balance sheet $9,544,900 assets, 15 lines filed
X-1 Cash, non-interest-bearingStart of year $1,142,689$1,065,620
X-2 Savings and temporary cash investmentsStart of year $541,261$1,203,057
X-9 Prepaid expenses and deferred chargesStart of year $92,615$127,948
X-10c Land, buildings and equipment, netStart of year $4,065,542$3,987,099
X-12 Other securitiesStart of year $2,731,535$2,893,714
X-15 Other assets$267,462
X-16 Total assetsStart of year $8,600,796$9,544,900
X-17 Accounts payable and accrued expensesStart of year $305,342$351,860
X-19 Deferred revenueStart of year $1,872,418$1,988,708
X-25 Other liabilitiesStart of year $20,199$295,568
X-26 Total liabilitiesStart of year $2,197,959$2,636,136
X-27 Net assets without donor restrictionsStart of year $3,391,856$3,917,250
X-28 Net assets with donor restrictionsStart of year $3,010,981$2,991,514
X-32 Total net assets or fund balancesStart of year $6,402,837$6,908,764
X-33 Total liabilities and net assetsStart of year $8,600,796$9,544,900
Part XI · Reconciliation of net assets $6,908,764 net assets at year end
XI-1 Total revenue$9,623,114
XI-2 Total expenses$9,390,628
XI-3 Revenue less expenses$232,486
XI-4 Net assets at start of year$6,402,837
XI-5 Net unrealized gains (losses) on investments$273,441
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$6,908,764

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

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