The Nueva School: FY2020 Nonprofit Profile & Form 990 (EIN 94-1633387)

Lee Fertig’s $705K as Head of School is at the 96th percentile of top reported officer pay among 3683 $10–100M 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

Name	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020
Lee Fertig	$705,009	$622,561	$533,435	$499,344	$237,826	—
Diane Rosenberg	—	$321,897	$547,275	$604,410	$669,241	$686,040
Terry Lee	$606,932	$573,494	$547,468	$543,201	$464,416	$468,608
John Gavin Bradley	$258,636	$248,534	$233,174	$222,486	$211,986	$200,150
Lauren Pool	$251,027	—	—	—	—	—
Brett Dyer	$241,143	—	$217,067	$203,868	—	—
Taryn Grogan	$228,431	$218,701	$220,165	$203,480	$178,710	$198,227
Megan Terra	$218,870	$228,230	—	—	—	—

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 15aYes

Programs and updates

Educates students from pre-kindergarten through 12th grade.

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1 program · $39.4M · in their own filed words · FY2019

01

See schedule o.

$39.4Mprogram 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

Donor Advised Charitable Giving INCFY2024$5.8M

Fidelity Investments Charitable Gift FundFY2024$1.0M

The Anne Wojcicki FoundationFY2024$1.0M

Vanguard Charitable Endowment ProgramFY2024$977K

American Online Giving Foundation INCFY2024$557K

National Philanthropic TrustFY2024$276K

Kevin and Nicole Systrom FoundationFY2024$200K

Sergey Brin Family FoundationFY2024$200K

Total grants receivedfrom 21 funders$10.6M

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Grants paid · 6 grants · $37.9M · 2019–2024

Unitemized GrantFY2024$8,405,831

Unitemized GrantFY2023$7,236,696

Unitemized GrantFY2022$6,385,763

Unitemized GrantFY2021$5,944,366

Unitemized GrantFY2020$4,987,862

Unitemized GrantFY2019$4,975,265

By the numbers

The FY2020 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$60.6M

Ln 12

Fees for servicesLn 2g$45.6M

Gifts and grantsLn 1h$13.8M

Investment incomeLn 3$756K

Money outPt IX

$52.2M

Ln 25

Programscol B$39.4M

Managementcol C$11.3M

Fundraisingcol D$1.5M

Owns and owesPt X

$133.7M

net assets · Ln 32

Cash and savingsLn 1–2$45.5M

Total assetsLn 16$225.9M

LiabilitiesLn 26$92.2M

PeoplePt VI, VII

39

listed · VII A

PaidVII A7

Voting boardVI 1a32

IndependentVI 1b31

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$13.8M

Noncash giftsLn 1g$2.5M

Fundraising eventsLn 1c$955K

Fees for servicesLn 2g$45.6M

Investment incomeLn 3$756K

Other incomeLn 4–11$351K

Gains on assetsLn 7$9K

Total revenueLn 12$60.6M

Assets in detailPt X, end of year

CashLn 1$1.4M

SavingsLn 2$44.1M

Cash and savings togetherLn 1–2$45.5M

InvestmentsLn 11–13$11.9M

Land, buildings, equipmentLn 10c$148.2M

Other assetsLn 15$1.7M

Total assetsLn 16$225.9M

LiabilitiesLn 26$92.2M

Net assetsLn 32$133.7M

OperationsPt I, VI

EmployeesI 5380

VolunteersI 6150

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

Line	Start FY20	End FY20
Cash and savingsLn 1–2	$48.8M	$45.5M
InvestmentsLn 11–13	$11.3M	$11.9M
Land, buildings, equipmentLn 10c	$135.4M	$148.2M
Total assetsLn 16	$213.7M	$225.9M
LiabilitiesLn 26	$88.4M	$92.2M
Net assetsLn 32	$125.3M	$133.7M

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Grants to domestic individualsLn 2	$5.0M	$5.0M
Pay of current officers, directors and key staffLn 5	$1.1M		$1.1M
Other salaries and wagesLn 7	$19.5M	$15.9M	$3.1M	$563K
Pension plan contributionsLn 8	$494K	$302K	$178K	$15K
Other employee benefitsLn 9	$5.4M	$4.1M	$1.1M	$228K
Legal feesLn 11b	$72K		$72K
Accounting feesLn 11c	$73K		$73K
Other fees for servicesLn 11g	$5.1M	$3.5M	$1.3M	$331K
Advertising and promotionLn 12	$184K	$178K		$6K
Office expensesLn 13	$430K	$217K	$202K	$10K
Information technologyLn 14	$1.4M	$1.3M	$136K	$11K
OccupancyLn 16	$897K	$118K	$780K
TravelLn 17	$80K	$27K	$54K
Conferences, conventions and meetingsLn 19	$374K	$322K	$53K
InterestLn 20	$1.4M	$835K	$499K	$37K
Depreciation, depletion and amortizationLn 22	$3.9M	$2.4M	$1.4M	$105K
InsuranceLn 23	$392K	$239K	$143K	$11K
Other expenses (24a–d)Ln 24	$4.4M	$4.4M
All other expensesLn 24e	$2.1M	$822K	$1.0M	$232K
Total functional expensesLn 25	$52.2M	$39.4M	$11.3M	$1.5M

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2025 Latest	$87.6M	$74.9M	$12.7M	$209.8M	990 PDF
FY2024	$76.6M	$70.5M	$6.1M	$200.6M	990 PDF
FY2023	$74.0M	$65.1M	$8.9M	$188.9M	990 PDF
FY2022	$88.5M	$60.5M	$28.0M	$176.0M	990 PDF
FY2021	$66.4M	$50.6M	$15.7M	$152.7M	990 PDF
FY2020 Viewing	$60.6M	$52.2M	$8.3M	$133.7M	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 M · Noncash J · Pay O · Explanations

See the full FY2020 990 (6 parts)

Part I · Summary $60,556,880 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $22,690,655$13,833,480

I-9 Program service revenuePrior year $43,213,554$45,616,486

I-10 Investment incomePrior year $15,257$755,620

I-11 Other revenuePrior year $538,343$351,294

I-12 Total revenuePrior year $66,457,809$60,556,880

I-13 Grants and similar amounts paidPrior year $4,717,241$4,975,265

I-14 Benefits paid to membersPrior year $0$0

I-15 Salaries and benefitsPrior year $24,276,649$26,521,955

I-16a Professional fundraising feesPrior year $0$0

I-17 Other expensesPrior year $22,746,604$20,742,889

I-18 Total expensesPrior year $51,740,494$52,240,109

I-19 Revenue less expensesPrior year $14,717,315$8,316,771

Part VI · Governance 31 of 32 board members independent, no flags

VI-1a Voting members of the governing body32

VI-1b Independent voting members31

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 $60,556,880 across 9 lines filed

Lines not itemized here account for $765,196 of total revenue; see the IRS return.

VIII-1c Fundraising events$955,240

VIII-1f All other contributions, gifts and grants$12,878,240

VIII-1g Noncash contributions (included above)$2,549,893

VIII-1h Total contributions, gifts and grants$13,833,480

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $44,851,290$44,851,290

VIII-3 Investment incomeExcluded from tax $746,793$746,793

VIII-7 Net gain or loss on sales of assetsExcluded from tax $8,827$8,827

VIII-8 Net income from fundraising eventsExcluded from tax $351,294$351,294

VIII-12 Total revenueRelated to mission $45,616,486 · Unrelated business $0 · Excluded from tax $1,106,914$60,556,880

Part IX · Statement of functional expenses $52,240,109 across 19 lines filed

IX-2 Grants to domestic individualsPrograms $4,975,265$4,975,265

IX-5 Pay of current officers, directors and key staffManagement $1,085,000$1,085,000

IX-7 Other salaries and wagesPrograms $15,878,460 · Management $3,089,149 · Fundraising $563,138$19,530,747

IX-8 Pension plan contributionsPrograms $301,599 · Management $177,993 · Fundraising $14,833$494,425

IX-9 Other employee benefitsPrograms $4,051,892 · Management $1,131,841 · Fundraising $228,050$5,411,783

IX-11b Legal feesManagement $72,088$72,088

IX-11c Accounting feesManagement $72,700$72,700

IX-11g Other fees for servicesPrograms $3,469,060 · Management $1,318,148 · Fundraising $330,939$5,118,147

IX-12 Advertising and promotionPrograms $178,277 · Fundraising $5,559$183,836

IX-13 Office expensesPrograms $217,381 · Management $201,664 · Fundraising $10,461$429,506

IX-14 Information technologyPrograms $1,261,263 · Management $135,920 · Fundraising $11,327$1,408,510

IX-16 OccupancyPrograms $117,753 · Management $779,708$897,461

IX-17 TravelPrograms $26,805 · Management $53,594$80,399

IX-19 Conferences, conventions and meetingsPrograms $321,579 · Management $52,868$374,447

IX-20 InterestPrograms $835,395 · Management $499,429 · Fundraising $37,124$1,371,948

IX-22 Depreciation, depletion and amortizationPrograms $2,371,163 · Management $1,417,567 · Fundraising $105,373$3,894,103

IX-23 InsurancePrograms $238,749 · Management $142,733 · Fundraising $10,610$392,092

IX-24 Other expenses (24a–d)Programs $4,368,011$4,368,011

IX-24e All other expensesPrograms $821,509 · Management $1,026,351 · Fundraising $231,781$2,079,641

IX-25 Total functional expensesPrograms $39,434,161 · Management $11,256,753 · Fundraising $1,549,195$52,240,109

Part X · Balance sheet $225,889,762 assets, 18 lines filed

X-1 Cash, non-interest-bearingStart of year $1,088,922$1,442,598

X-2 Savings and temporary cash investmentsStart of year $47,666,269$44,101,255

X-3 Pledges and grants receivableStart of year $2,644,299$3,264,682

X-4 Accounts receivableStart of year $12,085,136$13,789,429

X-9 Prepaid expenses and deferred chargesStart of year $1,549,593$1,549,276

X-10c Land, buildings and equipment, netStart of year $135,384,658$148,204,176

X-11 Publicly traded securitiesStart of year $11,326,578$11,879,910

X-15 Other assetsStart of year $1,949,066$1,658,436

X-16 Total assetsStart of year $213,694,521$225,889,762

X-17 Accounts payable and accrued expensesStart of year $7,525,012$5,794,490

X-19 Deferred revenueStart of year $40,571,651$43,018,119

X-20 Tax-exempt bond liabilitiesStart of year $36,885,543$36,005,730

X-24 Unsecured notes and loans payableStart of year $0$4,195,100

X-26 Total liabilitiesStart of year $88,351,250$92,167,572

X-27 Net assets without donor restrictionsStart of year $64,787,807$81,977,719

X-28 Net assets with donor restrictionsStart of year $60,555,464$51,744,471

X-32 Total net assets or fund balancesStart of year $125,343,271$133,722,190

X-33 Total liabilities and net assetsStart of year $213,694,521$225,889,762

Part XI · Reconciliation of net assets $133,722,190 net assets at year end

XI-1 Total revenue$60,556,880

XI-2 Total expenses$52,240,109

XI-3 Revenue less expenses$8,316,771

XI-4 Net assets at start of year$125,343,271

XI-5 Net unrealized gains (losses) on investments$62,148

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year$133,722,190

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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The Nueva School FY2020 filing

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