Runestone Academy Ltd EIN 87-4310817

Runestone Academy Ltd

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Runestone Academy Ltd is an education nonprofit based in Luck, WI, formed in 2022. For fiscal year 2025 it reported $236K in revenue, $227K in expenses, and $20K in net assets.Pt I

Founded
2022
Type
Public charity (501(c)(3)) · Education
Location
Luck, WI
Website
runestone.academy
Filings
4 on file (2022–2025)
Revenue
$236KFY2025
Expenses
$227K
Net assets
$20K
People
7
Filings
4
Updates
0
More identity details & actions ⌄
EIN  87-4310817 Public charity (501(c)(3)) Luck, WI Founded 2022
Form 990 (PDF)
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Size
$100K–1M
What they do
an education nonprofit
Leadership
Bradley Miller · President · $99K
Money in and out
$236K revenue, $227K expenses
Bottom line
90% program efficiency
Where the money goes · FY2025
Total revenue
$236K
Pt VIII · Ln 12
Total expenses
$227K
Pt IX · Ln 25
Net assets
$20K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $9K
Where spending went · Part IX cols B–D
Program services $0.90 Management & general $0.10
Program efficiency
90%
of spending reaches programs
Operating runway
5.1mo
months of highly liquid reserves at operating expense rate▼ -30% vs prior filing year
Surplus margin
+4%
revenue over expenses, this year▲ +112% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$236K
FY2025▲ +39%
Total revenue
$236K
Pt VIII · Ln 12
Total expenses
$227K
Pt IX · Ln 25
Net assets
$20K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$9K
Total assetsPt X · Ln 16$107K
Program-expense ratioPt IX · col B90%
Voting members of governing bodyPt I · Ln 37
Independent voting membersPt I · Ln 47
Mission & Programs · Part III

Where the work happens

1 program service account for $205K of program spending, described in the organization's own filed words · FY2025.
01

Runestone Academy provided online interactive textbooks, grading, and analysis to over 75,000 students and instructors in 2025. We hosted 4,750 courses in 2025. We now have more than 140 textbooks in our library. We were awarded a grant from the Generative AI in CS Education Consortium in 2025.

$205Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CRunestone Academy Ltd
EINHdr · item D87-4310817
Principal addressHdr · item CLuck, WI
WebsiteHdr · item Jrunestone.academy
Year of formationHdr · item L2022
State of legal domicileHdr · item MWI
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEducation (B90)
Ruling yearIRS BMFMar 2023

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a7
Independent voting membersPt VI · Ln 1b7
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2Yes

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$99,272Pt VII · Sec A
CFO/Treasurer
$17,425Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Bradley Miller’s $99K as President is at the 83rd percentile of top reported officer pay among 1616 $100K–1M 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

NameFY2025FY2024FY2023FY2022
Bradley Miller$99,272$91,014$42,000$27,000
Jane Miller$17,425$12,768$7,000$4,500

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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Statement of Revenue

Part VIII
Contributions & grants$193K · 82%
Program service revenue$39K · 17%
Other revenue$3K · 1%
Contributions & grants82%$193K
Program service revenue17%$39K
Other revenue1%$3K
— government grantsLn 1e$124K
Total revenueLn 12$236K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.90 Management & general $0.10
Program services90%$205K
Management & general10%$22K
Total functional expensesLn 25$227K

Balance Sheet

Part X · end of year
CashLn 1$96K
Total assetsLn 16$107K
Total liabilitiesLn 26$87K
Total net assetsLn 32$20K
Months of cash on handcomputed5.1

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $96K · Operating expenses/yr $227K
5.1 months
Where the money goes
Program services
Program services $205K · Total expenses $227K
90%
Management & General
Management & general $22K · Total expenses $227K
10%
Fundraising
Fundraising $0 · Total expenses $227K
0%
Cost to raise $1
Fundraising expense $0 · Solicited contributions $70K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $193K · Total revenue $236K
82%
Government reliance
Government grants $124K · Total revenue $236K
52%
Earned-income share
Program service revenue $39K · Total revenue $236K
17%
Investment reliance
Investment income $0 · Total revenue $236K
0%
Program self-sufficiency
Program service revenue $39K · Total expenses $227K
17%
Growth & trend
Revenue growth (YoY)
This year $236K · Prior year $169K
+39%
Net-asset trend (YoY)
End of year $20K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $236K · Expenses $227K
+4%
Liabilities-to-Assets
Total liabilities — · Total assets $107K
Net-asset ratio
Net assets $20K · Total assets $107K
19%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $107K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Bradley Miller · Reported title President · Highest reported compensation $99K · Total expenses $227K
44%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $131K · Total expenses $227K
58%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 90%
Overhead ratio 10%
Revenue growth 39%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$236K revenue · viewing · ⤓ 990 PDF
FY2024$169K revenue · ⤓ 990 PDF
FY2023$108K revenue · ⤓ 990 PDF
FY2022$83K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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