Believe Schools, INC exists to assist the Schools within its organization by managing curriculum, providing charter management, and providing services to the various charter Schools including, but not limited to, fundraising, marketing, and advertising. Additionally, the organization exists to solicit and receive funds for the accomplishment of the above purposes.

501(c)(3) charity; gifts are tax-deductible.
39¢ of each $1 spent went to programs.
Run by 3 volunteers and 4 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

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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
1 of 2
filings with a surplus
Average surplus $75K a year · 13% of revenue · last 2 filings
Worth a look: a surplus in 1 of the last 2 filings.
Pt I · Ln 19 · 2 filings
Spent on programs
39%
of spending
Concern: 39% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$299K
to officers and key staff · 40% of spending
Concern: pay to officers and key staff is 40% of spending; over 30%.
Pt VII · Sec A
2 mo
of spending, in cash
Fine: 1.7 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$99K
22% of total assets
Looks good: liabilities are 22% of assets; 50% or less.
Pt X · Ln 26
Independent board members
3
of 3 voting members
Looks good: 3 of 3 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$704K
+58% vs prior year
Spent
$754K
To programs
39%
Net assets
$350K
By yearFY2024–FY2025
Revenue
$704K
FY2025▲ +58%
Tap a bar for its year
Revenue by fiscal year
FY2024$445K
FY2025$704K
Expenses
$754K
FY2025▲ +207%
Tap a bar for its year
Expenses by fiscal year
FY2024$245K
FY2025$754K
Net assets
$350K
FY2025▲ +75%
Tap a bar for its year
Net assets by fiscal year
FY2024$200K
FY2025$350K

From the FY2025 Form 990 · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jul 2024.

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

Where the money goes

39 cents of each dollar spent went to programs.

Program services 39% · $297K Management & general 52% · $390K Fundraising 9% · $67K

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; $299K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Director
$173,061Pt VII · Sec A
Chief Academic Officer
$126,237Pt VII · Sec A
President
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A

Kimberly Neal’s $173K as Executive Director is at the 97th percentile of top reported officer pay among 1613 $100K–1M 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 · 3 named individuals · Part VII

NameFY2025FY2024
Kimberly Neal$173,061$83,586
Kaitlyn Reimer$126,237$63,792
Teagan Vonderheit—$53,733

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

Manages charter schools, providing curriculum, fundraising, and marketing services.

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Provided by the organization

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3 programs · $297K · in their own filed words · FY2025
01

Believe schools cmo supports the design and implementation of rigorous, student-centered academic programs across network campuses serving predominantly black and brown students. Services include curriculum alignment, assessment and data systems, special education and multilingual learner compliance, and college- and career-aligned…

$297Kprogram expense
02

The cmo provides centralized operational, financial, and compliance services to ensure schools operate efficiently and in accordance with federal, state, and authorizer requirements. Services include budgeting and financial management, grant administration, payroll and procurement, facilities and transportation oversight, state…

Pt IX · col B
03

The cmo leads recruitment, onboarding, professional development, and leadership support to build and retain high-quality, diverse staff and to support responsible network growth. Services include teacher and leader coaching, performance management systems, staff engagement initiatives, and planning for new school launches and expansions.

Pt IX · col B

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$704K
Ln 12
Fees for servicesLn 2g$571K
Gifts and grantsLn 1h$133K
Money outPt IX
$754K
Ln 25
Programscol B$297K
Managementcol C$390K
Fundraisingcol D$67K
Owns and owesPt X
$350K
net assets · Ln 32
Cash and savingsLn 1–2$107K
Total assetsLn 16$450K
LiabilitiesLn 26$99K
PeoplePt VI, VII
5
listed · VII A
PaidVII A2
Voting boardVI 1a3
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$133K
Fees for servicesLn 2g$571K
Total revenueLn 12$704K
Assets in detailPt X, end of year
CashLn 1$107K
Cash and savings togetherLn 1–2$107K
Total assetsLn 16$450K
LiabilitiesLn 26$99K
Net assetsLn 32$350K
OperationsPt I, VI
EmployeesI 54
VolunteersI 63
Fiscal year endsHeaderDecember
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$13K$107K
Total assetsLn 16$209K$450K
LiabilitiesLn 26$9K$99K
Net assetsLn 32$200K$350K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$299K$133K$133K$33K
Other salaries and wagesLn 7$235K$104K$104K$26K
Pension plan contributionsLn 8$9K$5K$3K$689
Other employee benefitsLn 9$20K$12K$6K$2K
Payroll taxesLn 10$44K$20K$20K$5K
Accounting feesLn 11c$62K$62K
Other fees for servicesLn 11g$37K$37K
Office expensesLn 13$6K$776$6K
Information technologyLn 14$14K$6K$8K
InsuranceLn 23$997$997
Other expenses (24a–d)Ln 24$27K$15K$12K
Total functional expensesLn 25$754K$297K$390K$67K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $704K$754K−$50K$350K 990 PDF
FY2024 $445K$245K$200K$200K 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 J · Pay O · Explanations
See the full FY2025 990 (6 parts)
Part I · Summary $703,841 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $250,000$133,035
I-9 Program service revenuePrior year $195,462$570,806
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $445,462$703,841
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $228,969$607,351
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $16,488$146,550
I-18 Total expensesPrior year $245,457$753,901
I-19 Revenue less expensesPrior year $200,005−$50,060
Part VI · Governance 3 of 3 board members independent, no flags
VI-1a Voting members of the governing body3
VI-1b Independent voting members3
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 $703,841 across 4 lines filed
VIII-1f All other contributions, gifts and grants$133,035
VIII-1h Total contributions, gifts and grants$133,035
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $570,806$570,806
VIII-12 Total revenueRelated to mission $570,806 · Unrelated business $0 · Excluded from tax $0$703,841
Part IX · Statement of functional expenses $753,901 across 11 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $132,835 · Management $133,006 · Fundraising $33,458$299,299
IX-7 Other salaries and wagesPrograms $104,169 · Management $104,303 · Fundraising $26,238$234,710
IX-8 Pension plan contributionsPrograms $5,474 · Management $2,737 · Fundraising $689$8,900
IX-9 Other employee benefitsPrograms $12,459 · Management $6,231 · Fundraising $1,567$20,257
IX-10 Payroll taxesPrograms $19,611 · Management $19,635 · Fundraising $4,939$44,185
IX-11c Accounting feesManagement $61,500$61,500
IX-11g Other fees for servicesManagement $36,791$36,791
IX-13 Office expensesPrograms $776 · Management $5,651$6,427
IX-14 Information technologyPrograms $6,459 · Management $7,558$14,017
IX-23 InsuranceManagement $997$997
IX-24 Other expenses (24a–d)Programs $14,978 · Management $11,840$26,818
IX-25 Total functional expensesPrograms $296,761 · Management $390,249 · Fundraising $66,891$753,901
Part X · Balance sheet $449,691 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $13,321$106,891
X-4 Accounts receivableStart of year $195,462$339,800
X-9 Prepaid expenses and deferred charges$3,000
X-16 Total assetsStart of year $208,783$449,691
X-17 Accounts payable and accrued expensesStart of year $8,778$78,454
X-19 Deferred revenue$20,974
X-26 Total liabilitiesStart of year $8,778$99,428
X-27 Net assets without donor restrictionsStart of year $200,005$350,263
X-32 Total net assets or fund balancesStart of year $200,005$350,263
X-33 Total liabilities and net assetsStart of year $208,783$449,691
Part XI · Reconciliation of net assets $350,263 net assets at year end
XI-1 Total revenue$703,841
XI-2 Total expenses$753,901
XI-3 Revenue less expenses−$50,060
XI-4 Net assets at start of year$200,005
XI-8 Prior period adjustments$200,318
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$350,263

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

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