We are an independent School for children in grades k-8. We challenge our students to become confident, compassionate citizens and skilled, life-long learners - literate, motivated and intellectually adventurous.

501(c)(3) charity; gifts are tax-deductible.
82¢ of each $1 spent went to programs.
Run by 110 volunteers and 28 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · 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
4 of 6
filings with a surplus
Average surplus $33K a year · 3% of revenue · last 6 filings
Fine: a surplus in 4 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
82%
of spending
Looks good: 82% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$113K
to officers and key staff · 7% of spending
Looks good: pay to officers and key staff is 7% of spending; 15% or less.
Pt VII · Sec A
2 mo
of spending, in cash
Fine: 1.9 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
3
named funders · $16K
Looks good: 3 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$891K
62% of total assets
Fine: liabilities are 62% of assets; 50% to 65%.
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
$1.7M
+19% vs prior year
Spent
$1.6M
To programs
82%
Net assets
$548K
By yearFY2020–FY2025
Revenue
$1.7M
FY2025▲ +19%
Tap a bar for its year
Revenue by fiscal year
FY2020$677K
FY2021$776K
FY2022$1.2M
FY2023$1.3M
FY2024$1.4M
FY2025$1.7M
Expenses
$1.6M
FY2025▲ +7%
Tap a bar for its year
Expenses by fiscal year
FY2020$648K
FY2021$729K
FY2022$990K
FY2023$1.3M
FY2024$1.5M
FY2025$1.6M
Net assets
$548K
FY2025▲ +17%
Tap a bar for its year
Net assets by fiscal year
FY2020$399K
FY2021$447K
FY2022$626K
FY2023$559K
FY2024$469K
FY2025$548K

From the FY2025 Form 990 (year ending June 2025) · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Aug 1991.

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

Where the money goes

82 cents of each dollar spent went to programs.

Program services 82% · $1.3M Management & general 17% · $267K Fundraising 1% · $13K

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

11 people listed on the 990; $113K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Head of School
$113,487Pt VII · Sec A
Vice-President
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
President
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Lisa R Heaman’s $113K as Head of School is at the 41st 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.

See Silverwood 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 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Educates children in grades K-7, fostering confident, compassionate, and lifelong learners.

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Provided by the organization

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2 programs · $1.3M · in their own filed words · FY2024
01

Private day school for kindergarten through eighth grade. Founded in 1984, upon the belief that children are inherently curious, creative, fun-loving, and generous. The mission of the school is to foster these tendencies, and that is what happens every day.

$1.2Mprogram expense
02

Extended services and other activities provided for students. We provide extended hours services for our students to accommodate parent schedules by providing care and tutoring with homework. Our doors open at 7:45AM and we have staff ready to work with students until 5:30PM at night monday through friday.

$107Kprogram 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
Total grants receivedfrom 3 funders$16K
See all 3 funders →
Grants paid · 6 grants · $778K · 2019–2024
Unitemized GrantFY2024$155,498
Unitemized GrantFY2023$170,195
Unitemized GrantFY2022$135,122
Unitemized GrantFY2021$123,827
Unitemized GrantFY2020$100,868
Unitemized GrantFY2019$92,640

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$1.7M
Ln 12
Fees for servicesLn 2g$1.6M
Gifts and grantsLn 1h$70K
Other incomeLn 4–11$34K
Money outPt IX
$1.6M
Ln 25
Programscol B$1.3M
Managementcol C$267K
Fundraisingcol D$13K
Owns and owesPt X
$548K
net assets · Ln 32
Cash and savingsLn 1–2$253K
Total assetsLn 16$1.4M
LiabilitiesLn 26$891K
PeoplePt VI, VII
11
listed · VII A
PaidVII A1
Voting boardVI 1a10
IndependentVI 1b10
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$70K
Fees for servicesLn 2g$1.6M
Investment incomeLn 3$1K
Other incomeLn 4–11$34K
Total revenueLn 12$1.7M
Assets in detailPt X, end of year
CashLn 1$180K
SavingsLn 2$73K
Cash and savings togetherLn 1–2$253K
Land, buildings, equipmentLn 10c$1.2M
Other assetsLn 15$0
Total assetsLn 16$1.4M
LiabilitiesLn 26$891K
Net assetsLn 32$548K
OperationsPt I, VI
EmployeesI 528
VolunteersI 6110
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 FY25End FY25
Cash and savingsLn 1–2$578K$253K
Land, buildings, equipmentLn 10c$737K$1.2M
Total assetsLn 16$1.5M$1.4M
LiabilitiesLn 26$983K$891K
Net assetsLn 32$469K$548K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$155K$155K
Pay of current officers, directors and key staffLn 5$117K$88K$29K
Other salaries and wagesLn 7$728K$546K$182K
Other employee benefitsLn 9$42K$42K
Payroll taxesLn 10$78K$59K$20K
Legal feesLn 11b$300$300
Accounting feesLn 11c$5K$5K
Advertising and promotionLn 12$4K$4K
Office expensesLn 13$21K$12K$8K
Information technologyLn 14$4K$3K$2K
Conferences, conventions and meetingsLn 19$10K$6K$4K
InterestLn 20$43K$43K
Depreciation, depletion and amortizationLn 22$67K$67K
InsuranceLn 23$17K$17K
Other expenses (24a–d)Ln 24$237K$229K$7K
All other expensesLn 24e$49K$22K$14K$13K
Total functional expensesLn 25$1.6M$1.3M$267K$13K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $1.7M$1.6M$81K$548K 990 PDF
FY2024 $1.4M$1.5M−$90K$469K 990 PDF
FY2023 $1.3M$1.3M−$48K$559K 990 PDF
FY2022 $1.2M$990K$179K$626K 990 PDF
FY2021 $776K$729K$47K$447K 990 PDF
FY2020 $677K$648K$29K$399K 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 FY2025 990 (6 parts)
Part I · Summary $1,660,357 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $11,200$69,587
I-9 Program service revenuePrior year $1,285,793$1,555,679
I-10 Investment incomePrior year $3,143$1,390
I-11 Other revenuePrior year $90,402$33,701
I-12 Total revenuePrior year $1,390,538$1,660,357
I-13 Grants and similar amounts paidPrior year $170,195$155,498
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $902,751$966,252
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $407,110$457,611
I-18 Total expensesPrior year $1,480,056$1,579,361
I-19 Revenue less expensesPrior year −$89,518$80,996
Part VI · Governance 10 of 10 board members independent, no flags
VI-1a Voting members of the governing body10
VI-1b Independent voting members10
VI-2 Family or business relationship among officers or directorsNo
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 $1,660,357 across 6 lines filed
VIII-1f All other contributions, gifts and grants$69,587
VIII-1h Total contributions, gifts and grants$69,587
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,555,679$1,555,679
VIII-3 Investment incomeRelated to mission $1,390$1,390
VIII-6 Net rental income or lossRelated to mission $33,701$33,701
VIII-12 Total revenueRelated to mission $1,590,770 · Unrelated business $0 · Excluded from tax $0$1,660,357
Part IX · Statement of functional expenses $1,579,361 across 16 lines filed
IX-2 Grants to domestic individualsPrograms $155,498$155,498
IX-5 Pay of current officers, directors and key staffPrograms $87,933 · Management $29,311$117,244
IX-7 Other salaries and wagesPrograms $546,190 · Management $182,063$728,253
IX-9 Other employee benefitsPrograms $42,411$42,411
IX-10 Payroll taxesPrograms $58,758 · Management $19,586$78,344
IX-11b Legal feesManagement $300$300
IX-11c Accounting feesPrograms $4,865$4,865
IX-12 Advertising and promotionPrograms $4,445$4,445
IX-13 Office expensesPrograms $12,281 · Management $8,373$20,654
IX-14 Information technologyPrograms $2,641 · Management $1,761$4,402
IX-19 Conferences, conventions and meetingsPrograms $5,929 · Management $3,952$9,881
IX-20 InterestPrograms $43,101$43,101
IX-22 Depreciation, depletion and amortizationPrograms $66,693$66,693
IX-23 InsurancePrograms $16,955$16,955
IX-24 Other expenses (24a–d)Programs $229,439 · Management $7,391$236,830
IX-24e All other expensesPrograms $22,017 · Management $14,379 · Fundraising $13,089$49,485
IX-25 Total functional expensesPrograms $1,299,156 · Management $267,116 · Fundraising $13,089$1,579,361
Part X · Balance sheet $1,438,465 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $46,608$180,286
X-2 Savings and temporary cash investmentsStart of year $531,343$73,122
X-4 Accounts receivableStart of year $9,913$5,129
X-9 Prepaid expenses and deferred chargesStart of year $3,227$11,725
X-10c Land, buildings and equipment, netStart of year $737,154$1,160,345
X-14 Intangible assetsStart of year $8,365$7,858
X-15 Other assetsStart of year $115,562$0
X-16 Total assetsStart of year $1,452,172$1,438,465
X-17 Accounts payable and accrued expensesStart of year $116,188$46,777
X-19 Deferred revenueStart of year $131,300$126,788
X-26 Total liabilitiesStart of year $982,887$890,674
X-27 Net assets without donor restrictionsStart of year $469,285$547,791
X-32 Total net assets or fund balancesStart of year $469,285$547,791
X-33 Total liabilities and net assetsStart of year $1,452,172$1,438,465
Part XI · Reconciliation of net assets $547,791 net assets at year end
XI-1 Total revenue$1,660,357
XI-2 Total expenses$1,579,361
XI-3 Revenue less expenses$80,996
XI-4 Net assets at start of year$469,285
XI-8 Prior period adjustments−$2,489
XI-9 Other changes in net assets−$1
XI-10 Net assets at end of year$547,791

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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