Khalsa Montessori Elementary School FY2021 filing

Tax-deductible

Phoenix, AZ501(c)(3)EducationEIN 86-0824311Revenue $1.7M in FY2021

On file with the IRSkhalsamontessori.org2536 N 3rd St, 85004-1308 · Phoenix, AZTax-exempt since Aug 1998School — 170(b)(1)(A)(ii)

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Khalsa integrates a challenging Montessori education and a caring, responsible community to provide for the academic, social, physical and emotional growth of students in central phoenix.

501(c)(3) charity; gifts are tax-deductible.
88¢ of each $1 spent went to programs.
$161K 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

FY2021 · 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
5 of 6
filings with a surplus
Average surplus $103K a year · 6% of revenue · last 6 filings
Fine: a surplus in 5 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
88%
of spending
Looks good: 88% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$161K
to officers and key staff · 10% of spending
Looks good: pay to officers and key staff is 10% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
5 mo
of spending, in cash
Looks good: 5.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $164
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$2.9M
70% of total assets
Worth a look: liabilities are 70% of assets; over 65%.
Pt X · Ln 26
Independent board members
3
of 7 voting members
Worth a look: 3 of 7 voting members are independent, under half.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.7M
+0.1% vs prior year
Spent
$1.6M
To programs
88%
Net assets
$1.2M
By yearFY2020–FY2025
Revenue
$1.7M
FY2021+0.1%
Tap a bar for its year
Revenue by fiscal year
FY2020$1.7M
FY2021$1.7M
FY2022$1.8M
FY2023$1.5M
FY2024$1.6M
FY2025$1.6M
Expenses
$1.6M
FY2021▲ +12%
Tap a bar for its year
Expenses by fiscal year
FY2020$1.4M
FY2021$1.6M
FY2022$1.7M
FY2023$1.5M
FY2024$1.5M
FY2025$1.6M
Net assets
$1.2M
FY2021▲ +10%
Tap a bar for its year
Net assets by fiscal year
FY2020$1.1M
FY2021$1.2M
FY2022$1.4M
FY2023$1.4M
FY2024$1.5M
FY2025$1.5M

From the FY2021 Form 990 (year ending June 2021) · figures checked against the IRS filing · see the original

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You’re viewing the FY2021 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 Aug 1998.

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

Where the money goes

88 cents of each dollar spent went to programs.

Program services 88% · $1.4M Management & general 12% · $196K

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; $161K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
$52,808Pt VII · Sec A
Secretary/Treasurer/Sped Coordinator
$42,177Pt VII · Sec A
$41,628Pt VII · Sec A
President/School Director
$23,750Pt VII · Sec A
Vice President
$250Pt VII · Sec A
$0Pt VII · Sec A
Member
$0Pt VII · Sec A
$0Pt VII · Sec A

Carie Modeer’s $66K as Member is at the 12th 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 · 6 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Karen Paxton$50,377$60,227$47,724$73,500$23,750—
Carie Modeer$66,019$67,028$60,226$56,343$52,808—
Keerat Giordano———$22,395$42,177$54,860
Lindsay Caglio————$41,628$40,624
Rasha Alebrahim$40,209—————
Tom Caglio———$312$250$2,701

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 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Provides Montessori education and community support for student growth in Central Phoenix.

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Provided by the organization

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1 program · $1.4M · in their own filed words · FY2020
01

Khalsa montessori elementary school integrates a challenging montessori education and a caring, responsible community to provide for students' academic, social, physical and creative growth.

$1.4Mprogram 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 · FY2023
Total grants receivedfrom 1 funder$164

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$1.7M
Ln 12
Gifts and grantsLn 1h$1.5M
Other incomeLn 4–11$160K
Fees for servicesLn 2g$93K
Money outPt IX
$1.6M
Ln 25
Programscol B$1.4M
Managementcol C$196K
Owns and owesPt X
$1.2M
net assets · Ln 32
Cash and savingsLn 1–2$658K
Total assetsLn 16$4.2M
LiabilitiesLn 26$2.9M
PeoplePt VI, VII
8
listed · VII A
PaidVII A5
Voting boardVI 1a7
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.5M
Government grantsLn 1e$1.4M
Fees for servicesLn 2g$93K
Investment incomeLn 3$86
Other incomeLn 4–11$160K
Total revenueLn 12$1.7M
Assets in detailPt X, end of year
CashLn 1$371K
SavingsLn 2$287K
Cash and savings togetherLn 1–2$658K
Land, buildings, equipmentLn 10c$3.5M
Total assetsLn 16$4.2M
LiabilitiesLn 26$2.9M
Net assetsLn 32$1.2M
OperationsPt I, VI
EmployeesI 542
VolunteersI 678
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$617K$658K
Land, buildings, equipmentLn 10c$3.6M$3.5M
Total assetsLn 16$4.2M$4.2M
LiabilitiesLn 26$3.1M$2.9M
Net assetsLn 32$1.1M$1.2M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$204K$167K$38K$0
Other salaries and wagesLn 7$551K$513K$38K$0
Pension plan contributionsLn 8$7K$6K$1K$0
Other employee benefitsLn 9$28K$28K$427$0
Payroll taxesLn 10$52K$46K$6K$0
Legal feesLn 11b$8K$7K$993$0
Accounting feesLn 11c$33K$0$33K$0
Other fees for servicesLn 11g$160K$160K$49$0
Advertising and promotionLn 12$1K$0$1K$0
Office expensesLn 13$89K$75K$14K$0
Information technologyLn 14$30K$28K$1K$0
OccupancyLn 16$280K$238K$43K$0
TravelLn 17$3K$3K$481$0
Depreciation, depletion and amortizationLn 22$121K$103K$18K$0
Other expenses (24a–d)Ln 24$24K$24K$0$0
Total functional expensesLn 25$1.6M$1.4M$196K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $1.6M$1.6M−$4K$1.5M 990 PDF
FY2024 $1.6M$1.5M$70K$1.5M 990 PDF
FY2023 $1.5M$1.5M$35K$1.4M 990 PDF
FY2022 $1.8M$1.7M$109K$1.4M 990 PDF
FY2021 Viewing $1.7M$1.6M$118K$1.2M 990 PDF
FY2020 $1.7M$1.4M$291K$1.1M 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 FY2021 990 (6 parts)
Part I · Summary $1,709,459 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,404,777$1,456,303
I-9 Program service revenuePrior year $140,369$93,118
I-10 Investment incomePrior year $289$86
I-11 Other revenuePrior year $162,161$159,952
I-12 Total revenuePrior year $1,707,596$1,709,459
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $714,378$841,906
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $702,592$749,383
I-18 Total expensesPrior year $1,416,970$1,591,289
I-19 Revenue less expensesPrior year $290,626$118,170
Part VI · Governance 3 of 7 board members independent, 3 to look at
VI-1a Voting members of the governing body7
VI-1b Independent voting members3
VI-2 Family or business relationship among officers or directorsYes
VI-13 Written whistleblower policyNo
VI-15a Process for setting top official's payNo
VI-12a Written conflict of interest policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $1,709,459 across 8 lines filed
VIII-1e Government grants$1,351,315
VIII-1f All other contributions, gifts and grants$104,988
VIII-1h Total contributions, gifts and grants$1,456,303
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Unrelated business $0 · Excluded from tax $0$93,118
VIII-3 Investment incomeUnrelated business $0 · Excluded from tax $86$86
VIII-6 Net rental income or lossExcluded from tax $136,843$136,843
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $23,109 · Unrelated business $0 · Excluded from tax $0$23,109
VIII-12 Total revenueRelated to mission $116,227 · Unrelated business $0 · Excluded from tax $136,929$1,709,459
Part IX · Statement of functional expenses $1,591,289 across 15 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $166,629 · Management $37,770 · Fundraising $0$204,399
IX-7 Other salaries and wagesPrograms $512,712 · Management $37,791 · Fundraising $0$550,503
IX-8 Pension plan contributionsPrograms $5,658 · Management $1,479 · Fundraising $0$7,137
IX-9 Other employee benefitsPrograms $27,628 · Management $427 · Fundraising $0$28,055
IX-10 Payroll taxesPrograms $46,109 · Management $5,703 · Fundraising $0$51,812
IX-11b Legal feesPrograms $7,289 · Management $993 · Fundraising $0$8,282
IX-11c Accounting feesPrograms $0 · Management $33,200 · Fundraising $0$33,200
IX-11g Other fees for servicesPrograms $159,693 · Management $49 · Fundraising $0$159,742
IX-12 Advertising and promotionPrograms $0 · Management $1,446 · Fundraising $0$1,446
IX-13 Office expensesPrograms $74,662 · Management $14,093 · Fundraising $0$88,755
IX-14 Information technologyPrograms $28,071 · Management $1,478 · Fundraising $0$29,549
IX-16 OccupancyPrograms $237,532 · Management $42,594 · Fundraising $0$280,126
IX-17 TravelPrograms $2,726 · Management $481 · Fundraising $0$3,207
IX-22 Depreciation, depletion and amortizationPrograms $103,199 · Management $18,212 · Fundraising $0$121,411
IX-24 Other expenses (24a–d)Programs $23,665 · Management $0 · Fundraising $0$23,665
IX-25 Total functional expensesPrograms $1,395,573 · Management $195,716 · Fundraising $0$1,591,289
Part X · Balance sheet $4,177,732 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $330,745$371,212
X-2 Savings and temporary cash investmentsStart of year $286,432$286,518
X-4 Accounts receivableStart of year $44,579$9,238
X-9 Prepaid expenses and deferred chargesStart of year $831$831
X-10c Land, buildings and equipment, netStart of year $3,559,120$3,509,933
X-16 Total assetsStart of year $4,221,707$4,177,732
X-17 Accounts payable and accrued expensesStart of year $45,284$47,869
X-19 Deferred revenueStart of year $52,099$47,340
X-26 Total liabilitiesStart of year $3,095,657$2,933,512
X-27 Net assets without donor restrictionsStart of year $950,104$1,041,825
X-28 Net assets with donor restrictionsStart of year $175,946$202,395
X-32 Total net assets or fund balancesStart of year $1,126,050$1,244,220
X-33 Total liabilities and net assetsStart of year $4,221,707$4,177,732
Part XI · Reconciliation of net assets $1,244,220 net assets at year end
XI-1 Total revenue$1,709,459
XI-2 Total expenses$1,591,289
XI-3 Revenue less expenses$118,170
XI-4 Net assets at start of year$1,126,050
XI-10 Net assets at end of year$1,244,220

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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