Telos Classical Foundation FY2023 filing

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The mission of Telos Classical Foundation is to develop student's academic potential and purpose by nurturing their mind, soul, and body, empowering them to pursue wisdom and virtue for the rest of their lives. Telos Classical Foundation will aim to educate children in kindergarten through 8th grade using a Classical curriculum that includes latin, math, literature, grammar, penmanship, writing, logic, Classical studies, and history. The school day runs from 8:45 to 3:35, monday through thursday. On fridays, the school offers classes from 9-noon in hands-on, experiential subjects such as sewing, woodworking, music, gymnastics, etc.

501(c)(3) charity; gifts are tax-deductible.
75¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

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 3
filings with a surplus
Average surplus $150K a year · 15% of revenue · last 3 filings
Looks good: a surplus in 3 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Spent on programs
75%
of spending
Fine: 75% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
<1 mo
of spending, in cash
Worth a look: 0.7 months of spending in cash; under 1.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
4
named funders · $115K
Looks good: 4 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$36K
86% of total assets
Concern: liabilities are 86% of assets; over 80%.
Pt X · Ln 26
Independent board members
1
of 3 voting members
Worth a look: 1 of 3 voting members are independent, under half.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$803K
Spent
$681K
To programs
75%
Net assets
$6K
By yearFY2023–FY2025
Revenue
$803K
FY2023
Tap a bar for its year
Revenue by fiscal year
FY2023$803K
FY2024$1.1M
FY2025$1.1M
Expenses
$681K
FY2023
Tap a bar for its year
Expenses by fiscal year
FY2023$681K
FY2024$870K
FY2025$1.0M
Net assets
$6K
FY2023
Tap a bar for its year
Net assets by fiscal year
FY2023$6K
FY2024$221K
FY2025$338K

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 Jan 2023.

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

Where the money goes

75 cents of each dollar spent went to programs.

Program services 75% · $510K Management & general 25% · $170K

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

3 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Susan Goers’s $125K as Head of School is at the 49th 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

NameFY2025FY2024
Susan Goers$124,831$46,038
Stephanie Murray$7,500$47,453

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 Telos Classical Foundation executive salaries →

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 15aYes

Programs and updates

Educates K-8 students in classical subjects and hands-on skills, fostering wisdom and virtue.

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1 program · $510K · in their own filed words · FY2022
01

During the fiscal year, the organization had the following accomplishments -1. Enrolled 42 students 2. 42 students successfully sang a 13 minute song at the end of the year about history that included 161 historical events from creation to sept 11, 2001. 3.

$510Kprogram 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 4 funders →
Grants paid · 5 grants · $189K · 2022–2024
Unitemized GrantFY2024$58,500
Unitemized GrantFY2023$32,500
Unitemized GrantFY2023$13,000
Unitemized GrantFY2022$59,100
Unitemized GrantFY2022$25,471

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$803K
Ln 12
Fees for servicesLn 2g$538K
Gifts and grantsLn 1h$265K
Money outPt IX
$681K
Ln 25
Programscol B$510K
Managementcol C$170K
Owns and owesPt X
$6K
net assets · Ln 32
Cash and savingsLn 1–2$42K
Total assetsLn 16$42K
LiabilitiesLn 26$36K
PeoplePt VI, VII
3
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b1
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$265K
Fees for servicesLn 2g$538K
Total revenueLn 12$803K
Assets in detailPt X, end of year
CashLn 1$27K
SavingsLn 2$15K
Cash and savings togetherLn 1–2$42K
Accounts receivableLn 4$224
Total assetsLn 16$42K
LiabilitiesLn 26$36K
Net assetsLn 32$6K
OperationsPt I, VI
EmployeesI 514
VolunteersI 630
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$9K$42K
Total assetsLn 16$9K$42K
LiabilitiesLn 26$78K$36K
Net assetsLn 32−$70K$6K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$85K$85K
Pay of current officers, directors and key staffLn 5$15K$15K
Other salaries and wagesLn 7$293K$214K$78K
Other employee benefitsLn 9$30K$21K$9K
Payroll taxesLn 10$44K$31K$14K
Legal feesLn 11b$2K$2K
Accounting feesLn 11c$40K$40K
Other fees for servicesLn 11g$71K$70K$748
Advertising and promotionLn 12$4K$4K
Information technologyLn 14$9K$7K$2K
OccupancyLn 16$24K$19K$5K
TravelLn 17$6K$5K$1K
Conferences, conventions and meetingsLn 19$2K$2K$470
InterestLn 20$4K$3K$777
InsuranceLn 23$1K$983$246
Other expenses (24a–d)Ln 24$49K$48K$1K
All other expensesLn 24e$872$698$174
Total functional expensesLn 25$681K$510K$170K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled with the IRS Feb 5, 2026 $1.1M$1.0M$117K$338K 990 PDF
FY2024Filed with the IRS Mar 27, 2025 $1.1M$870K$210K$221K 990 PDF
FY2023 ViewingFiled with the IRS May 15, 2024 $803K$681K$123K$6K 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2023 990 (6 parts)
Part I · Summary $803,257 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $56,923$264,921
I-9 Program service revenuePrior year $47,260$538,336
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $104,183$803,257
I-13 Grants and similar amounts paidPrior year $0$84,571
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $52,731$382,432
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $64,359$213,685
I-18 Total expensesPrior year $117,090$680,688
I-19 Revenue less expensesPrior year −$12,907$122,569
Part VI · Governance 1 of 3 board members independent, 1 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members1
VI-2 Family or business relationship among officers or directorsYes
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 $803,257 across 4 lines filed
VIII-1f All other contributions, gifts and grants$264,921
VIII-1h Total contributions, gifts and grants$264,921
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $538,336$538,336
VIII-12 Total revenueRelated to mission $538,336 · Unrelated business $0 · Excluded from tax $0$803,257
Part IX · Statement of functional expenses $680,688 across 17 lines filed
IX-2 Grants to domestic individualsPrograms $84,571$84,571
IX-5 Pay of current officers, directors and key staffManagement $15,162$15,162
IX-7 Other salaries and wagesPrograms $214,315 · Management $78,423$292,738
IX-9 Other employee benefitsPrograms $20,912 · Management $9,132$30,044
IX-10 Payroll taxesPrograms $30,966 · Management $13,522$44,488
IX-11b Legal feesManagement $2,500$2,500
IX-11c Accounting feesManagement $40,401$40,401
IX-11g Other fees for servicesPrograms $69,953 · Management $748$70,701
IX-12 Advertising and promotionPrograms $4,163$4,163
IX-14 Information technologyPrograms $7,196 · Management $1,799$8,995
IX-16 OccupancyPrograms $19,197 · Management $4,799$23,996
IX-17 TravelPrograms $4,637 · Management $1,159$5,796
IX-19 Conferences, conventions and meetingsPrograms $1,882 · Management $470$2,352
IX-20 InterestPrograms $3,109 · Management $777$3,886
IX-23 InsurancePrograms $983 · Management $246$1,229
IX-24 Other expenses (24a–d)Programs $47,709 · Management $1,085$48,794
IX-24e All other expensesPrograms $698 · Management $174$872
IX-25 Total functional expensesPrograms $510,291 · Management $170,397 · Fundraising $0$680,688
Part X · Balance sheet $42,230 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $8,063$27,369
X-2 Savings and temporary cash investmentsStart of year $443$14,637
X-4 Accounts receivable$224
X-16 Total assetsStart of year $8,685$42,230
X-17 Accounts payable and accrued expensesStart of year $70,212$10,523
X-19 Deferred revenueStart of year $8,053$25,640
X-26 Total liabilitiesStart of year $78,265$36,163
X-27 Net assets without donor restrictionsStart of year −$69,580$6,067
X-32 Total net assets or fund balancesStart of year −$69,580$6,067
X-33 Total liabilities and net assetsStart of year $8,685$42,230
Part XI · Reconciliation of net assets $6,067 net assets at year end
XI-1 Total revenue$803,257
XI-2 Total expenses$680,688
XI-3 Revenue less expenses$122,569
XI-4 Net assets at start of year−$69,580
XI-8 Prior period adjustments−$46,922
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$6,067

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

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