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Ethos School INC FY2024 filing

Tax-deductible

Apex, NC501(c)(3)Since 2022EducationEIN 88-2121197Revenue $332K in FY2024

On file with the IRStheethosschool.org1895 Rothesay Dr, 27502-2525 · Apex, NCTax-exempt since May 2023School — 170(b)(1)(A)(ii)

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We cultivate holistic education through which powerful character is formed, intellect is expanded, and a conscious courageous identity is solidifed via self-paced, experiential education in a learner-driven and value based environment, guided by steadfast principals and strong interpersonal relationships

501(c)(3) charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2024 · 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 $41K 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
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Liabilities
$0
total owed
No data yet: the filing does not give total assets.
Pt X · Ln 26
Independent board members
5
of 5 voting members
Looks good: 5 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$332K
+91% vs prior year
Spent
$258K
To programs
100%
Net assets
$0
By yearFY2023–FY2025
Revenue
$332K
FY2024▲ +91%
Tap a bar for its year
Revenue by fiscal year
FY2023$173K
FY2024$332K
FY2025$338K
Expenses
$258K
FY2024▲ +59%
Tap a bar for its year
Expenses by fiscal year
FY2023$163K
FY2024$258K
FY2025$301K
Net assets
$0
FY2024
Tap a bar for its year
Net assets by fiscal year
FY2023$0
FY2024$0
FY2025$38K

From the FY2024 Form 990 (year ending July 2024) · see the original

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You’re viewing the FY2024 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 May 2023.

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

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $257K Management & general 0% · $662

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

5 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
Ankit
Patel
$0Pt VII · Sec A
Rashmi
Patel
$0Pt VII · Sec A
Anil
Patel
$0Pt VII · Sec A
Bijal
Patel
$0Pt VII · Sec A
$0Pt VII · Sec A
See Ethos School INC executive salaries →

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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 15aYes
  • Loans to or from officersSch L · Pt II1 listed

Programs and updates

Develops character and intellect through self-paced, experiential learning in a supportive environment.

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Provided by the organization

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1 program · $257K · in their own filed words · FY2023
01

The ethos school is a non-profit private school that offers a unique education that is based on experiential learning allowing children to facilitate their growth in a classroom setting and focus on their development of life long skills.

$257Kprogram expense

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$332K
Ln 12
Other incomeLn 4–11$332K
Money outPt IX
$258K
Ln 25
Programscol B$257K
Managementcol C$662
Owns and owesPt X
$0
net assets · Ln 32
Total assetsLn 16$0
LiabilitiesLn 26$0
PeoplePt VI, VII
5
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Other incomeLn 4–11$332K
Total revenueLn 12$332K
Assets in detailPt X, end of year
Total assetsLn 16$0
LiabilitiesLn 26$0
Net assetsLn 32$0
OperationsPt I, VI
EmployeesI 54
VolunteersI 60
Fiscal year endsHeaderJuly
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 FY24End FY24
Total assetsLn 16$0$0
LiabilitiesLn 26$0$0
Net assetsLn 32$0$0
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$163K$163K$0$0
Other employee benefitsLn 9$300$300$0$0
Payroll taxesLn 10$27K$27K$0$0
Other expenses (24a–d)Ln 24$68K$67K$662$0
Total functional expensesLn 25$258K$257K$662$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $338K$301K$38K$38K 990 PDF
FY2024 Viewing $332K$258K$74K$0 990 PDF
FY2023 $173K$163K$11K$0 990 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 FY2024 990 (6 parts)
Part I · Summary $332,057 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenue$0
I-10 Investment income$0
I-11 Other revenuePrior year $173,443$332,057
I-12 Total revenuePrior year $173,443$332,057
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $113,329$190,234
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $49,177$67,842
I-18 Total expensesPrior year $162,506$258,076
I-19 Revenue less expensesPrior year $10,937$73,981
Part VI · Governance 5 of 5 board members independent, 1 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members5
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 $332,057 across 1 lines filed
Lines not itemized here account for $332,057 of total revenue; see the IRS return.
VIII-12 Total revenueRelated to mission $332,057 · Unrelated business $0 · Excluded from tax $0$332,057
Part IX · Statement of functional expenses $258,076 across 4 lines filed
IX-7 Other salaries and wagesPrograms $162,871 · Management $0 · Fundraising $0$162,871
IX-9 Other employee benefitsPrograms $300 · Management $0 · Fundraising $0$300
IX-10 Payroll taxesPrograms $27,063 · Management $0 · Fundraising $0$27,063
IX-24 Other expenses (24a–d)Programs $67,180 · Management $662 · Fundraising $0$67,842
IX-25 Total functional expensesPrograms $257,414 · Management $662 · Fundraising $0$258,076
Part X · Balance sheet $0 assets, 4 lines filed
X-16 Total assetsStart of year $0$0
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $0$0
X-33 Total liabilities and net assetsStart of year $0$0
Part XI · Reconciliation of net assets $0 net assets at year end
XI-1 Total revenue$332,057
XI-2 Total expenses$258,076
XI-3 Revenue less expenses$73,981
XI-10 Net assets at end of year$0

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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