Swallowtail School INC FY2024 filing

Tax-deductible

Cornelius, OR501(c)(3)Since 1995EducationEIN 93-1301833Revenue $2.6M in FY2024

On file with the IRSswallowtailschool.org460 S Heather St, 97113-7009 · Cornelius, ORTax-exempt since Nov 2000School — 170(b)(1)(A)(ii)

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Swallowtail waldorf School is a community of children, teachers, and families united by a focus on a well-rounded, rigorous, and creative education from early childhood through grade 8. We educate a child's head, heart, and hands through an artistic and experiential approach. Swallowtail students are confident, successful, and motivated. They develop the capacity to work with life's challenges and the needs of fellow human beings with creative intelligence.

501(c)(3) charity; gifts are tax-deductible.
84¢ of each $1 spent went to programs.
$153K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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
4 of 5
filings with a surplus
Average surplus $102K a year · 4% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
84%
of spending
Looks good: 84% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$153K
to officers and key staff · 6% of spending
Looks good: pay to officers and key staff is 6% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
1 mo
of spending, in cash
Fine: 1.2 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $26K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$2.2M
54% of total assets
Fine: liabilities are 54% of assets; 50% to 65%.
Pt X · Ln 26
Independent board members
6
of 9 voting members
Looks good: 6 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$2.6M
-9% vs prior year
Spent
$2.6M
To programs
84%
Net assets
$1.9M
By yearFY2020–FY2024
Revenue
$2.6M
FY2024▼ -9%
Tap a bar for its year
Revenue by fiscal year
FY2020$2.2M
FY2021$1.9M
FY2022$2.4M
FY2023$2.9M
FY2024$2.6M
FY2024$3.5M
Expenses
$2.6M
FY2024▲ +3%
Tap a bar for its year
Expenses by fiscal year
FY2020$2.2M
FY2021$1.9M
FY2022$2.2M
FY2023$2.6M
FY2024$2.6M
FY2024$2.5M
Net assets
$1.9M
FY2024▼ -2%
Tap a bar for its year
Net assets by fiscal year
FY2020$1.4M
FY2021$1.4M
FY2022$1.6M
FY2023$1.9M
FY2024$1.9M
FY2024$2.9M

From the FY2024 Form 990 (year ending June 2024) · 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: FY2024. IRS ruling in Nov 2000.

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

Where the money goes

84 cents of each dollar spent went to programs.

Program services 84% · $2.2M Management & general 16% · $417K Fundraising 0% · $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

9 people listed on the 990; $153K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
School Director
$59,750Pt VII · Sec A
Faculty Representative
$50,600Pt VII · Sec A
Faculty Representative (start. 7/23)
$42,759Pt VII · Sec A
Secretary (starting 7/23)
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Member (starting 7/23)
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Family Association Representative
$0Pt VII · Sec A

Amy Pfeffer’s $51K as Faculty Representative is at the 7th 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 · 8 named individuals · Part VII

NameFY2024FY2024FY2023FY2022FY2021FY2020
Jessica Foster—$59,750$70,625$59,750$48,757—
Anand Maliakal——$53,830$47,415$46,227$22,250
Amy Pfeffer$50,599$50,600$50,330———
Emma Graves$45,000—————
Castine Dow$42,759$42,759————
Marcela Steadham————$42,709$39,810
Kim Le Bas—————$29,167
Janis La Crosse———$10,235——

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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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 15aNo

Programs and updates

Inspiring gratitude and reverence through artistic education for children.

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Provided by the organization

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1 program · $2.2M · in their own filed words · FY2023
01

Pre-k through eighth grade education inspired by waldorf pedagogy, promoting the intellectual, physical, and spiritual well-being of each individual.

$2.2Mprogram 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 2 funders$26K
Grants paid · 2 grants · $1.1M · 2020–2021
Unitemized GrantFY2021$611,893
Unitemized GrantFY2020$516,216

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$2.6M
Ln 12
Fees for servicesLn 2g$2.2M
Gifts and grantsLn 1h$340K
Other incomeLn 4–11$16K
Money outPt IX
$2.6M
Ln 25
Programscol B$2.2M
Managementcol C$417K
Fundraisingcol D$6K
Owns and owesPt X
$1.9M
net assets · Ln 32
Cash and savingsLn 1–2$270K
Total assetsLn 16$4.1M
LiabilitiesLn 26$2.2M
PeoplePt VI, VII
9
listed · VII A
PaidVII A3
Voting boardVI 1a9
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$340K
Noncash giftsLn 1g$105K
Fundraising eventsLn 1c$54K
Fees for servicesLn 2g$2.2M
Investment incomeLn 3$8K
Other incomeLn 4–11$16K
Total revenueLn 12$2.6M
Assets in detailPt X, end of year
CashLn 1$4K
SavingsLn 2$266K
Cash and savings togetherLn 1–2$270K
Land, buildings, equipmentLn 10c$3.8M
Total assetsLn 16$4.1M
LiabilitiesLn 26$2.2M
Net assetsLn 32$1.9M
OperationsPt I, VI
EmployeesI 548
VolunteersI 6120
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
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$715K$270K
Land, buildings, equipmentLn 10c$3.6M$3.8M
Total assetsLn 16$4.4M$4.1M
LiabilitiesLn 26$2.4M$2.2M
Net assetsLn 32$1.9M$1.9M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$726K$726K
Pay of current officers, directors and key staffLn 5$169K$136K$33K$593
Other salaries and wagesLn 7$1.0M$809K$195K$4K
Other employee benefitsLn 9$50K$40K$10K$174
Payroll taxesLn 10$128K$103K$25K$449
Legal feesLn 11b$224$223$1
Accounting feesLn 11c$9K$9K$30
Advertising and promotionLn 12$19K$18K$943$67
Office expensesLn 13$57K$49K$8K$232
OccupancyLn 16$123K$119K$3K$430
InterestLn 20$80K$47K$32K
Depreciation, depletion and amortizationLn 22$74K$57K$16K$285
InsuranceLn 23$16K$13K$3K$57
Other expenses (24a–d)Ln 24$190K$99K$91K$340
Total functional expensesLn 25$2.6M$2.2M$417K$6K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Viewing $2.6M$2.6M−$38K$1.9M 990 PDF
FY2023 $2.9M$2.6M$278K$1.9M 990 PDF
FY2022 $2.4M$2.2M$222K$1.6M 990 PDF
FY2021 $1.9M$1.9M$34K$1.4M 990 PDF
FY2020 $2.2M$2.2M$15K$1.4M 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 $2,610,848 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $462,755$339,514
I-9 Program service revenuePrior year $2,406,645$2,247,864
I-10 Investment incomePrior year $0$7,526
I-11 Other revenuePrior year −$10,713$15,944
I-12 Total revenuePrior year $2,858,687$2,610,848
I-13 Grants and similar amounts paidPrior year $788,831$725,961
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $1,328,676$1,354,889
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $462,749$567,848
I-18 Total expensesPrior year $2,580,256$2,648,698
I-19 Revenue less expensesPrior year $278,431−$37,850
Part VI · Governance 6 of 9 board members independent, 2 to look at
VI-1a Voting members of the governing body9
VI-1b Independent voting members6
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
Part VIII · Statement of revenue $2,610,848 across 9 lines filed
VIII-1c Fundraising events$53,999
VIII-1f All other contributions, gifts and grants$285,515
VIII-1g Noncash contributions (included above)$105,472
VIII-1h Total contributions, gifts and grants$339,514
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $2,247,864$2,247,864
VIII-3 Investment incomeExcluded from tax $7,526$7,526
VIII-8 Net income from fundraising eventsExcluded from tax −$7,493−$7,493
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $23,437$23,437
VIII-12 Total revenueRelated to mission $2,247,864 · Unrelated business $0 · Excluded from tax $23,470$2,610,848
Part IX · Statement of functional expenses $2,648,698 across 14 lines filed
IX-2 Grants to domestic individualsPrograms $725,961$725,961
IX-5 Pay of current officers, directors and key staffPrograms $135,828 · Management $32,829 · Fundraising $593$169,250
IX-7 Other salaries and wagesPrograms $808,795 · Management $195,484 · Fundraising $3,529$1,007,808
IX-9 Other employee benefitsPrograms $39,801 · Management $9,620 · Fundraising $174$49,595
IX-10 Payroll taxesPrograms $102,913 · Management $24,874 · Fundraising $449$128,236
IX-11b Legal feesPrograms $223 · Fundraising $1$224
IX-11c Accounting feesPrograms $8,670 · Fundraising $30$8,700
IX-12 Advertising and promotionPrograms $18,194 · Management $943 · Fundraising $67$19,204
IX-13 Office expensesPrograms $48,752 · Management $8,224 · Fundraising $232$57,208
IX-16 OccupancyPrograms $118,769 · Management $3,439 · Fundraising $430$122,638
IX-20 InterestPrograms $47,380 · Management $32,152$79,532
IX-22 Depreciation, depletion and amortizationPrograms $57,453 · Management $15,812 · Fundraising $285$73,550
IX-23 InsurancePrograms $13,126 · Management $3,172 · Fundraising $57$16,355
IX-24 Other expenses (24a–d)Programs $99,368 · Management $90,729 · Fundraising $340$190,437
IX-25 Total functional expensesPrograms $2,225,233 · Management $417,278 · Fundraising $6,187$2,648,698
Part X · Balance sheet $4,111,144 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $714,515$3,832
X-2 Savings and temporary cash investments$265,807
X-3 Pledges and grants receivableStart of year $4,106$3,700
X-4 Accounts receivableStart of year $84,220$76,719
X-9 Prepaid expenses and deferred chargesStart of year $4,964$3,631
X-10c Land, buildings and equipment, netStart of year $3,553,279$3,757,455
X-16 Total assetsStart of year $4,361,084$4,111,144
X-17 Accounts payable and accrued expensesStart of year $18,420$19,388
X-19 Deferred revenueStart of year $270,890$135,921
X-26 Total liabilitiesStart of year $2,448,912$2,236,822
X-27 Net assets without donor restrictionsStart of year $1,860,095$1,849,951
X-28 Net assets with donor restrictionsStart of year $52,077$24,371
X-32 Total net assets or fund balancesStart of year $1,912,172$1,874,322
X-33 Total liabilities and net assetsStart of year $4,361,084$4,111,144
Part XI · Reconciliation of net assets $1,874,322 net assets at year end
XI-1 Total revenue$2,610,848
XI-2 Total expenses$2,648,698
XI-3 Revenue less expenses−$37,850
XI-4 Net assets at start of year$1,912,172
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,874,322

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

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