Egremont Schools INC

Tax-deductible

Chatsworth, CA501(c)(3)Since 1964EducationEIN 95-2409162Revenue $2.6M in FY2024

On file with the IRSegremont.org19850 Devonshire St, 91311-3501 · Chatsworth, CATax-exempt since Nov 1966School — 170(b)(1)(A)(ii)

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Education of elementary and pre-kindergarten students. Approximately 108 students in attendance.

501(c)(3) charity; gifts are tax-deductible.
46¢ of each $1 spent went to programs.
$518K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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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
1 of 5
filings with a surplus
Average deficit $170K a year · 8% of revenue · last 5 filings
Concern: a surplus in 1 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
46%
of spending
Concern: 46% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$518K
to officers and key staff · 21% of spending
Top officer’s pay higher than 98% of similar orgs
Worth a look: pay to officers and key staff is 21% of spending; over 20%.
Pt VII · Sec A
Cash reserves
<1 mo
of spending, in cash
Concern: 0.4 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $17
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$2.8M
88% of total assets
Concern: liabilities are 88% of assets; over 80%.
Pt X · Ln 26
Independent board members
3
of 4 voting members
Looks good: 3 of 4 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
+32% vs prior year
Spent
$2.5M
To programs
46%
Net assets
$402K
By yearFY2020–FY2024
Revenue
$2.6M
FY2024▲ +32%
Tap a bar for its year
Revenue by fiscal year
FY2020$1.8M
FY2021$1.9M
FY2022$2.4M
FY2023$1.9M
FY2024$2.0M
FY2024$2.6M
Expenses
$2.5M
FY2024▲ +17%
Tap a bar for its year
Expenses by fiscal year
FY2020$2.2M
FY2021$2.1M
FY2022$2.1M
FY2023$2.2M
FY2024$2.1M
FY2024$2.5M
Net assets
$402K
FY2024▲ +39%
Tap a bar for its year
Net assets by fiscal year
FY2020$740K
FY2021$476K
FY2022$774K
FY2023$455K
FY2024$289K
FY2024$402K

From the FY2024 Form 990 · 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 1966.

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

Where the money goes

46 cents of each dollar spent went to programs.

Program services 46% · $1.1M Management & general 54% · $1.4M

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

5 people listed on the 990; $518K paid to officers and key staff.

Part VII, Section A · reportable compensation
President/Ce
$399,892Pt VII · Sec A
$117,832Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Chairman/Tre
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Tina Struve’s $400K as President/Ce is at the 98th 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 · 2 named individuals · Part VII

NameFY2024FY2024FY2023FY2022FY2021FY2020
Tina Struve$399,892$328,407$328,723$304,144$309,278$243,282
Bradley Alcantara$117,832$112,562$110,246$104,302——

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 approximately 151 elementary and pre-kindergarten students.

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Provided by the organization

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1 program · $628K · in their own filed words · FY2024
01

Education of elementary and pre-kindergarten students. Approximately 108 students in attendance.

$628Kprogram 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$17

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$2.6M
Ln 12
Fees for servicesLn 2g$2.6M
Other incomeLn 4–11$58K
Investment incomeLn 3$1
Money outPt IX
$2.5M
Ln 25
Programscol B$1.1M
Managementcol C$1.4M
Owns and owesPt X
$402K
net assets · Ln 32
Cash and savingsLn 1–2$81K
Total assetsLn 16$3.2M
LiabilitiesLn 26$2.8M
PeoplePt VI, VII
5
listed · VII A
PaidVII A2
Voting boardVI 1a4
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$2.6M
Investment incomeLn 3$1
Other incomeLn 4–11$58K
Total revenueLn 12$2.6M
Assets in detailPt X, end of year
CashLn 1$81K
Cash and savings togetherLn 1–2$81K
InvestmentsLn 11–13$10K
Land, buildings, equipmentLn 10c$1.3M
Total assetsLn 16$3.2M
LiabilitiesLn 26$2.8M
Net assetsLn 32$402K
OperationsPt I, VI
EmployeesI 527
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$169K$81K
InvestmentsLn 11–13$10K$10K
Land, buildings, equipmentLn 10c$1.4M$1.3M
Total assetsLn 16$3.3M$3.2M
LiabilitiesLn 26$3.0M$2.8M
Net assetsLn 32$289K$402K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$400K$400K
Other salaries and wagesLn 7$1.0M$302K$721K
Other employee benefitsLn 9$65K$32K$33K
Payroll taxesLn 10$98K$48K$50K
Legal feesLn 11b$4K$4K
Accounting feesLn 11c$41K$41K
Other fees for servicesLn 11g$275$275
Advertising and promotionLn 12$5K$5K
Office expensesLn 13$78K$50K$27K
OccupancyLn 16$248K$248K
InterestLn 20$191$191
Depreciation, depletion and amortizationLn 22$116K$116K
InsuranceLn 23$50K$50K
Other expenses (24a–d)Ln 24$266K$242K$24K
All other expensesLn 24e$107K$71K$36K
Total functional expensesLn 25$2.5M$1.1M$1.4M$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $2.0M$2.1M−$166K$289K 990 PDF
FY2023 $1.9M$2.2M−$319K$455K 990 PDF
FY2022 $2.4M$2.1M$298K$774K 990 PDF
FY2021 $1.9M$2.1M−$264K$476K 990 PDF
FY2020 $1.8M$2.2M−$398K$740K 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 $2,612,960 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenuePrior year $1,894,697$2,555,438
I-10 Investment incomePrior year $1$1
I-11 Other revenuePrior year $84,504$57,521
I-12 Total revenuePrior year $1,979,202$2,612,960
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $1,377,559$1,585,239
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $767,699$914,377
I-18 Total expensesPrior year $2,145,258$2,499,616
I-19 Revenue less expensesPrior year −$166,056$113,344
Part VI · Governance 3 of 4 board members independent, 3 to look at
VI-1a Voting members of the governing body4
VI-1b Independent voting members3
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $2,612,960 across 4 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $2,555,438$2,555,438
VIII-3 Investment incomeExcluded from tax $1$1
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $57,521$57,521
VIII-12 Total revenueRelated to mission $2,612,959 · Excluded from tax $1$2,612,960
Part IX · Statement of functional expenses $2,499,616 across 15 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $399,892$399,892
IX-7 Other salaries and wagesPrograms $301,807 · Management $721,060$1,022,867
IX-9 Other employee benefitsPrograms $32,010 · Management $32,740$64,750
IX-10 Payroll taxesPrograms $48,200 · Management $49,530$97,730
IX-11b Legal feesManagement $4,074$4,074
IX-11c Accounting feesManagement $41,316$41,316
IX-11g Other fees for servicesManagement $275$275
IX-12 Advertising and promotionManagement $4,579$4,579
IX-13 Office expensesPrograms $50,492 · Management $27,091$77,583
IX-16 OccupancyManagement $248,061$248,061
IX-20 InterestManagement $191$191
IX-22 Depreciation, depletion and amortizationManagement $115,588$115,588
IX-23 InsuranceManagement $49,968$49,968
IX-24 Other expenses (24a–d)Programs $242,244 · Management $23,830$266,074
IX-24e All other expensesPrograms $70,908 · Management $35,760$106,668
IX-25 Total functional expensesPrograms $1,145,553 · Management $1,354,063 · Fundraising $0$2,499,616
Part X · Balance sheet $3,223,902 assets, 12 lines filed
Asset lines not itemized here account for $606; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $168,561$81,340
X-4 Accounts receivableStart of year $1,640,184$1,769,863
X-9 Prepaid expenses and deferred chargesStart of year $72,692$68,449
X-10c Land, buildings and equipment, netStart of year $1,381,476$1,293,159
X-12 Other securitiesStart of year $10,485$10,485
X-16 Total assetsStart of year $3,276,920$3,223,902
X-17 Accounts payable and accrued expensesStart of year $129,378$84,447
X-19 Deferred revenueStart of year $1,828,747$1,769,864
X-26 Total liabilitiesStart of year $2,988,015$2,821,653
X-27 Net assets without donor restrictionsStart of year $288,905$402,249
X-32 Total net assets or fund balancesStart of year $288,905$402,249
X-33 Total liabilities and net assetsStart of year $3,276,920$3,223,902
Part XI · Reconciliation of net assets $402,249 net assets at year end
XI-1 Total revenue$2,612,960
XI-2 Total expenses$2,499,616
XI-3 Revenue less expenses$113,344
XI-4 Net assets at start of year$288,905
XI-10 Net assets at end of year$402,249

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

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