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Vero Classical School

Tax-deductible

Vero Beach, FL501(c)(3)Education EIN 88-3423347Revenue $2.0M in FY2024

On file with the IRS51 Old Dixie Hwy, 32962-3592 · Vero Beach, FLTax-exempt since Oct 2023School — 170(b)(1)(A)(ii)

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The organization is organized exclusively for charitable, religious and educational purposes to provide an exceptional, Christ-centered education.

501(c)(3) charity; gifts are tax-deductible.
80¢ 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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 2
filings with a surplus
Average surplus $742K a year · 59% of revenue · last 2 filings
Looks good: a surplus in 2 of the last 2 filings.
Pt I · Ln 19 · 2 filings
Spent on programs
80%
of spending
Looks good: 80% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
20 mo
of spending, in cash
Looks good: 20.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $22K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$263
0.02% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
10
of 10 voting members
Looks good: 10 of 10 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$2.0M
+326% vs prior year
Spent
$720K
To programs
80%
Net assets
$1.5M
By yearFY2022–FY2024
Revenue
$2.0M
FY2024▲ +326%
Tap a bar for its year
Revenue by fiscal year
FY2022$3K
FY2023$480K
FY2024$2.0M
Expenses
$720K
FY2024▲ +124%
Tap a bar for its year
Expenses by fiscal year
FY2022Not on file
FY2023$322K
FY2024$720K
Net assets
$1.5M
FY2024▲ +833%
Tap a bar for its year
Net assets by fiscal year
FY2022$773
FY2023$159K
FY2024$1.5M

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

990 PDF Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Oct 2023.

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

Where the money goes

80 cents of each dollar spent went to programs.

Program services 80% · $575K Management & general 19% · $139K Fundraising 1% · $6K

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

10 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
Matt Stott
Director
$0Pt VII · Sec A
Sue Dean
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Vero Classical School 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 15aNo

Programs and updates

Provides an exceptional, Christ-centered education for charitable, religious, and educational purposes.

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Provided by the organization

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1 program · $575K · in their own filed words · FY2024
01

To provide an exceptional, Christ-centered education in the classical tradition that cultivates wonder, wisdom, and worship through the pursuit of truth, goodness, and beauty.

$575Kprogram 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 · FY2025
T Rowe Price Program for Charitable Giving INCFY2025$20K
Thomas M Garrott FoundationFY2025$2K
Total grants receivedfrom 2 funders$22K

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$2.0M
Ln 12
Gifts and grantsLn 1h$1.1M
Fees for servicesLn 2g$780K
Investment incomeLn 3$145K
Money outPt IX
$720K
Ln 25
Programscol B$575K
Managementcol C$139K
Fundraisingcol D$6K
Owns and owesPt X
$1.5M
net assets · Ln 32
Cash and savingsLn 1–2$1.2M
Total assetsLn 16$1.5M
LiabilitiesLn 26$263
PeoplePt VI, VII
10
listed · VII A
PaidVII A0
Voting boardVI 1a10
IndependentVI 1b10
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.1M
Fundraising eventsLn 1c$34K
Fees for servicesLn 2g$780K
Investment incomeLn 3$145K
Gains on assetsLn 7$142K
Total revenueLn 12$2.0M
Assets in detailPt X, end of year
CashLn 1$1.2M
Cash and savings togetherLn 1–2$1.2M
InvestmentsLn 11–13$142K
Land, buildings, equipmentLn 10c$126K
Other assetsLn 15$0
Total assetsLn 16$1.5M
LiabilitiesLn 26$263
Net assetsLn 32$1.5M
OperationsPt I, VI
EmployeesI 511
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$153K$1.2M
InvestmentsLn 11–13$142K
Land, buildings, equipmentLn 10c$126K
Total assetsLn 16$159K$1.5M
LiabilitiesLn 26$0$263
Net assetsLn 32$159K$1.5M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Benefits paid to or for membersLn 4$2K$2K
Other salaries and wagesLn 7$468K$468K$0$0
Other employee benefitsLn 9$41K$41K$0$0
Payroll taxesLn 10$35K$35K$0$0
Legal feesLn 11b$10K$0$10K$0
Accounting feesLn 11c$5K$0$5K$0
Professional fundraising feesLn 11e$6K$6K
Investment management feesLn 11f$150$150$0$0
Advertising and promotionLn 12$100$0$100$0
Office expensesLn 13$15K$0$15K$0
Information technologyLn 14$421$0$421$0
OccupancyLn 16$99K$0$99K$0
TravelLn 17$1K$0$1K$0
Conferences, conventions and meetingsLn 19$1K$1K$0$0
Depreciation, depletion and amortizationLn 22$3K$3K$0$0
InsuranceLn 23$7K$139$7K$0
Other expenses (24a–d)Ln 24$23K$22K$672$0
All other expensesLn 24e$3K$3K$762$0
Total functional expensesLn 25$720K$575K$139K$6K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $2.0M$720K$1.3M$1.5M 990 PDF
FY2023 $480K$322K$158K$159K 990 PDF
FY2022 $3K$773 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $2,046,104 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $164,775$1,121,904
I-9 Program service revenuePrior year $315,397$779,591
I-10 Investment income$144,609
I-11 Other revenue$0
I-12 Total revenuePrior year $480,172$2,046,104
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to membersPrior year $2,353$2,420
I-15 Salaries and benefitsPrior year $234,637$543,472
I-16a Professional fundraising feesPrior year $2,098$6,401
I-17 Other expensesPrior year $82,859$168,095
I-18 Total expensesPrior year $321,947$720,388
I-19 Revenue less expensesPrior year $158,225$1,325,716
Part VI · Governance 10 of 10 board members independent, 5 to look at
VI-1a Voting members of the governing body10
VI-1b Independent voting members10
VI-2 Family or business relationship among officers or directorsYes
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
Part VIII · Statement of revenue $2,046,104 across 7 lines filed
VIII-1c Fundraising events$34,466
VIII-1f All other contributions, gifts and grants$1,087,438
VIII-1h Total contributions, gifts and grants$1,121,904
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Unrelated business $0 · Excluded from tax $0$779,591
VIII-3 Investment incomeUnrelated business $0 · Excluded from tax $0$2,508
VIII-7 Net gain or loss on sales of assetsRelated to mission $142,101 · Unrelated business $0 · Excluded from tax $0$142,101
VIII-12 Total revenueRelated to mission $924,200 · Unrelated business $0 · Excluded from tax $0$2,046,104
Part IX · Statement of functional expenses $720,388 across 18 lines filed
IX-4 Benefits paid to or for membersPrograms $2,420$2,420
IX-7 Other salaries and wagesPrograms $468,059 · Management $0 · Fundraising $0$468,059
IX-9 Other employee benefitsPrograms $40,511 · Management $0 · Fundraising $0$40,511
IX-10 Payroll taxesPrograms $34,902 · Management $0 · Fundraising $0$34,902
IX-11b Legal feesPrograms $0 · Management $10,000 · Fundraising $0$10,000
IX-11c Accounting feesPrograms $0 · Management $4,600 · Fundraising $0$4,600
IX-11e Professional fundraising feesFundraising $6,401$6,401
IX-11f Investment management feesPrograms $150 · Management $0 · Fundraising $0$150
IX-12 Advertising and promotionPrograms $0 · Management $100 · Fundraising $0$100
IX-13 Office expensesPrograms $0 · Management $15,426 · Fundraising $0$15,426
IX-14 Information technologyPrograms $0 · Management $421 · Fundraising $0$421
IX-16 OccupancyPrograms $0 · Management $99,431 · Fundraising $0$99,431
IX-17 TravelPrograms $0 · Management $1,037 · Fundraising $0$1,037
IX-19 Conferences, conventions and meetingsPrograms $1,248 · Management $0 · Fundraising $0$1,248
IX-22 Depreciation, depletion and amortizationPrograms $2,549 · Management $0 · Fundraising $0$2,549
IX-23 InsurancePrograms $139 · Management $6,594 · Fundraising $0$6,733
IX-24 Other expenses (24a–d)Programs $22,396 · Management $672 · Fundraising $0$23,068
IX-24e All other expensesPrograms $2,570 · Management $762 · Fundraising $0$3,332
IX-25 Total functional expensesPrograms $574,944 · Management $139,043 · Fundraising $6,401$720,388
Part X · Balance sheet $1,482,955 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $153,386$1,215,095
X-10c Land, buildings and equipment, net$125,759
X-11 Publicly traded securities$142,101
X-15 Other assetsStart of year $5,612$0
X-16 Total assetsStart of year $158,998$1,482,955
X-25 Other liabilities$263
X-26 Total liabilitiesStart of year $0$263
X-32 Total net assets or fund balancesStart of year $158,998$1,482,692
X-33 Total liabilities and net assetsStart of year $158,998$1,482,955
Part XI · Reconciliation of net assets $1,482,692 net assets at year end
XI-1 Total revenue$2,046,104
XI-2 Total expenses$720,388
XI-3 Revenue less expenses$1,325,716
XI-4 Net assets at start of year$158,998
XI-8 Prior period adjustments−$2,022
XI-10 Net assets at end of year$1,482,692

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

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