Courtyard Private School FY2023 filing

Tax-deductible

Sacramento, CA501(c)(3)EducationEIN 94-2796280Revenue $1.7M in FY2023

On file with the IRScourtyard.org205 24th St, 95816-3015 · Sacramento, CATax-exempt since Dec 1982School — 170(b)(1)(A)(ii)

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Courtyard School is a private, non-profit, independent elementary school that has served the greater Sacramento community for over 25 years. We provide a complete elementary school program for students in Transitional Kindergarten, Kindergarten, and Grades one through Eight. Our school serves a socio-economically and culturally diverse student population and is recognized for the strong community that bonds our families together. Courtyard currently provides services to approximately 150 students per year.

501(c)(3) charity; gifts are tax-deductible.
56¢ of each $1 spent went to programs.
$89K 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

FY2023 · 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 6
filings with a surplus
Average deficit $21K a year · 1% of revenue · last 6 filings
Worth a look: a surplus in 3 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
56%
of spending
Worth a look: 56% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$89K
to officers and key staff · 5% of spending
Looks good: pay to officers and key staff is 5% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
4 mo
of spending, in cash
Looks good: 3.8 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $589
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$2.3M
101% of total assets
Concern: liabilities are 101% of assets; over 80%.
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
-12% vs prior year
Spent
$1.9M
To programs
56%
Net assets
−$19K
By yearFY2020–FY2025
Revenue
$1.7M
FY2023▼ -12%
Tap a bar for its year
Revenue by fiscal year
FY2020$1.5M
FY2021$1.6M
FY2022$2.0M
FY2023$1.7M
FY2024$2.0M
FY2025$2.2M
Expenses
$1.9M
FY2023▲ +7%
Tap a bar for its year
Expenses by fiscal year
FY2020$1.5M
FY2021$1.7M
FY2022$1.8M
FY2023$1.9M
FY2024$2.1M
FY2025$2.2M
Net assets
−$19K
FY2023▼ -111%
Tap a bar for its year
Net assets by fiscal year
FY2020$13K
FY2021−$4K
FY2022$179K
FY2023−$19K
FY2024−$211K
FY2025−$196K

From the FY2023 Form 990 (year ending August 2023) · figures checked against the IRS filing · see the original

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You’re viewing the FY2023 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 Dec 1982.

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

Where the money goes

56 cents of each dollar spent went to programs.

Program services 56% · $1.1M Management & general 44% · $857K Fundraising 0% · $3K

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; $89K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
CEO/Principal
$89,240Pt VII · Sec A
Board Secretary
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Vicechair
$0Pt VII · Sec A
Board Chair
$0Pt VII · Sec A

Melissa Krause’s $97K as CEO/Principal is at the 29th 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 · 1 named individual · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Melissa Krause$97,056$94,031$89,240$88,000$80,000$80,000

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.

See Courtyard Private 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 diverse elementary students from Transitional Kindergarten through eighth grade.

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Provided by the organization

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1 program · $1.1M · in their own filed words · FY2022
01

Courtyard School is a private, non-profit, independent elementary school that has served the greater Sacramento community for over 40 years. We provide a complete elementary school program for students in Transitional Kindergarten, Kindergarten, and Grades one through eighth.

$1.1Mprogram 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 · FY2023
Total grants receivedfrom 1 funder$589

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$1.7M
Ln 12
Fees for servicesLn 2g$1.7M
Other incomeLn 4–11$81K
Money outPt IX
$1.9M
Ln 25
Programscol B$1.1M
Managementcol C$857K
Fundraisingcol D$3K
Owns and owesPt X
−$19K
net assets · Ln 32
Cash and savingsLn 1–2$624K
Total assetsLn 16$2.3M
LiabilitiesLn 26$2.3M
PeoplePt VI, VII
11
listed · VII A
PaidVII A1
Voting boardVI 1a10
IndependentVI 1b10
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$1.7M
Other incomeLn 4–11$81K
Gains on assetsLn 7$0
Total revenueLn 12$1.7M
Assets in detailPt X, end of year
CashLn 1$624K
SavingsLn 2$0
Cash and savings togetherLn 1–2$624K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$1.6M
Other assetsLn 15$55K
Total assetsLn 16$2.3M
LiabilitiesLn 26$2.3M
Net assetsLn 32−$19K
OperationsPt I, VI
EmployeesI 531
Fiscal year endsHeaderAugust
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 FY23End FY23
Cash and savingsLn 1–2$683K$624K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$1.7M$1.6M
Total assetsLn 16$2.4M$2.3M
LiabilitiesLn 26$2.3M$2.3M
Net assetsLn 32$179K−$19K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$1.0M$763K$242K
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$0
Pension plan contributionsLn 8$13K$4K$8K
Other employee benefitsLn 9$93K$70K$22K
Payroll taxesLn 10$81K$61K$20K
Management feesLn 11a$0
Legal feesLn 11b$0
Accounting feesLn 11c$0
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$0
Advertising and promotionLn 12$17K$17K
Office expensesLn 13$41K$41K
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$0
TravelLn 17$0
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$190K$190K
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$76K$76K
InsuranceLn 23$45K$45K
Other expenses (24a–d)Ln 24$243K$78K$166K
All other expensesLn 24e$143K$93K$47K$3K
Total functional expensesLn 25$1.9M$1.1M$857K$3K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $2.2M$2.2M$15K−$196K 990 PDF
FY2024 $2.0M$2.1M−$191K−$211K 990 PDF
FY2023 Viewing $1.7M$1.9M−$198K−$19K 990 PDF
FY2022 $2.0M$1.8M$183K$179K 990 PDF
FY2021 $1.6M$1.7M−$18K−$4K 990 PDF
FY2020 $1.5M$1.5M$82K$13K 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 FY2023 990 (6 parts)
Part I · Summary $1,747,920 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenuePrior year $1,920,595$1,666,593
I-10 Investment income$0
I-11 Other revenuePrior year $73,252$81,327
I-12 Total revenuePrior year $1,993,847$1,747,920
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $1,238,442$1,191,054
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $572,472$754,958
I-18 Total expensesPrior year $1,810,914$1,946,012
I-19 Revenue less expensesPrior year $182,933−$198,092
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 $1,747,920 across 8 lines filed
VIII-1h Total contributions, gifts and grants$0
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,666,593$1,666,593
VIII-3 Investment income$0
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assets$0
VIII-8 Net income from fundraising eventsExcluded from tax $81,327$81,327
VIII-12 Total revenueRelated to mission $1,666,593 · Excluded from tax $81,327$1,747,920
Part IX · Statement of functional expenses $1,946,012 across 31 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staffPrograms $762,571 · Management $242,300$1,004,871
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wages$0
IX-8 Pension plan contributionsPrograms $4,213 · Management $8,500$12,713
IX-9 Other employee benefitsPrograms $70,249 · Management $22,321$92,570
IX-10 Payroll taxesPrograms $61,393 · Management $19,507$80,900
IX-11a Management fees$0
IX-11b Legal fees$0
IX-11c Accounting fees$0
IX-11d Lobbying fees$0
IX-11e Professional fundraising fees$0
IX-11f Investment management fees$0
IX-11g Other fees for services$0
IX-12 Advertising and promotionPrograms $16,773$16,773
IX-13 Office expensesManagement $40,770$40,770
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 Occupancy$0
IX-17 Travel$0
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 InterestManagement $189,808$189,808
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortizationManagement $76,209$76,209
IX-23 InsuranceManagement $44,587$44,587
IX-24 Other expenses (24a–d)Programs $77,623 · Management $165,797$243,420
IX-24e All other expensesPrograms $92,711 · Management $47,356 · Fundraising $3,324$143,391
IX-25 Total functional expensesPrograms $1,085,533 · Management $857,155 · Fundraising $3,324$1,946,012
Part X · Balance sheet $2,297,185 assets, 19 lines filed
X-1 Cash, non-interest-bearingStart of year $682,840$623,580
X-2 Savings and temporary cash investments$0
X-3 Pledges and grants receivable$0
X-4 Accounts receivable$0
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred charges$1,500
X-10c Land, buildings and equipment, netStart of year $1,693,089$1,616,880
X-11 Publicly traded securities$0
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assetsStart of year $65,579$55,225
X-16 Total assetsStart of year $2,441,508$2,297,185
X-17 Accounts payable and accrued expensesStart of year $7,658$3,630
X-19 Deferred revenueStart of year $312,453$373,114
X-26 Total liabilitiesStart of year $2,262,905$2,316,674
X-27 Net assets without donor restrictionsStart of year $178,603−$19,489
X-32 Total net assets or fund balancesStart of year $178,603−$19,489
X-33 Total liabilities and net assetsStart of year $2,441,508$2,297,185
Part XI · Reconciliation of net assets −$19,489 net assets at year end
XI-1 Total revenue$1,747,920
XI-2 Total expenses$1,946,012
XI-3 Revenue less expenses−$198,092
XI-4 Net assets at start of year$178,603
XI-10 Net assets at end of year−$19,489

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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