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Nonprofiteer
← ISLAND SCHOOL

Form 990 for tax year 2024

Filed by ISLAND SCHOOL.

Totals

Total revenue
$2,099,359
Total expenses
$2,127,274
Contributions and grants received
$1,733,453
Grants paid
$0
Program service revenue
$21,780
Investment income
$53,637
Other revenue
$290,489
Total assets, end of year
$3,622,782
Total liabilities, end of year
$500,616
Net assets or fund balances, end of year
$3,122,166
Program services expenses (Part IX)
$1,907,747
Management and general expenses
$219,527
Fundraising expenses
$0
Program service expenses (Part III)
$1,907,747

Program services were 89.7% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1e · Government grants (contributions)

    $647,518

  • 1f · All other contributions, gifts and grants

    $1,085,935

  • 2a · Program service revenue: AFTER SCHOOL PROGRAM

    total $21,780 · related or exempt $21,780

  • 3 · Investment income

    total $53,637 · excluded $53,637

  • 8a · Fundraising events: gross income

    $326,623

  • 8b · Fundraising events: direct expenses

    $36,134

  • 8c · Net income from fundraising events

    total $290,489 · excluded $290,489

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $1,165,715 · program services $1,047,132 · management and general $118,583

  • 8 · Pension plan contributions

    total $278,494 · program services $247,287 · management and general $31,207

  • 9 · Other employee benefits

    total $138,464 · program services $138,464

  • 10 · Payroll taxes

    total $86,572 · program services $77,675 · management and general $8,897

  • 11c · Fees: accounting

    total $19,960 · management and general $19,960

  • 11f · Fees: investment management

    total $2,315 · management and general $2,315

  • 11g · Fees: other

    total $49,491 · program services $40,278 · management and general $9,213

  • 13 · Office expenses

    total $22,419 · program services $9,638 · management and general $12,781

  • 16 · Occupancy

    total $91,891 · program services $91,891

  • 17 · Travel

    total $13,724 · program services $13,724

  • 22 · Depreciation, depletion and amortization

    total $116,818 · program services $116,314 · management and general $504

  • 23 · Insurance

    total $30,896 · program services $14,829 · management and general $16,067

  • 24a · Other expenses: ADM SERVICE SRO

    total $67,514 · program services $67,514

  • 24b · Other expenses: ADMINISTRATIVE FEE LCSB

    total $12,769 · program services $12,769

  • 24c · Other expenses: ADM SERVICE OTHER

    total $11,185 · program services $11,185

  • 24d · Other expenses: BOARD EXPENSES

    total $7,499 · program services $7,499

  • 24e · All other expenses

    total $11,548 · program services $11,548

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $340,586 · end of year $586,776

  • 2 · Savings and temporary cash investments

    beginning of year $85,531 · end of year $75,918

  • 4 · Accounts receivable

    beginning of year $107,980 · end of year $9,508

  • 9 · Prepaid expenses and deferred charges

    beginning of year $3,564 · end of year $3,659

  • 10a · Land, buildings and equipment: cost or other basis

    $3,373,460

  • 10b · Land, buildings and equipment: accumulated depreciation

    $1,518,551

  • 10c · Land, buildings and equipment, net

    beginning of year $1,887,348 · end of year $1,854,909

  • 11 · Investments: publicly traded securities

    beginning of year $1,066,624 · end of year $1,092,012

  • 17 · Accounts payable and accrued expenses

    beginning of year $24,704 · end of year $30,698

  • 25 · Other liabilities

    beginning of year $351,650 · end of year $469,918

  • 27 · Net assets without donor restrictions

    beginning of year $2,982,352 · end of year $2,976,284

  • 28 · Net assets with donor restrictions

    beginning of year $132,927 · end of year $145,882

Mission and programs · 2024

Mission

TO PROVIDE AN EDUCATIONAL PROGRAM WITH ENHANCED SCHOLASTIC MOMENTUM WITH A CONTINUING COMMITMENT TO HIGH ADADEMIC STANDARDS AND COMMUNITY DEVELOPMENT.

  • THE CHARTER SCHOOL'S MISSION IS TO PROVIDE EDUCATIONAL SERVICES INCLUDING COMMITMENT TO HIGH ACADEMIC STANDARDS, STRENGTHENING OF PEER BOND, AWARENESS OF COMMUNITY UNIQUENESS, EXPOSURE TO BROAD ETHNIC AND SOCIO-ECONOMIC DIVERSITY AND INCREASED ACADEMIC CORE SUBJECT TIME.

    Expenses $1,907,747 · Revenue $2,045,722

As filed on the 2024 return.

Listed in Part VII

  • Linda Allen

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    4

  • Sharon Cross

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    4

  • Laurie D'Arcangelo

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    4

  • Lisa Erdekian

    PRESIDENT/TR

    Total calculated
    $0
    Hours/week
    4

  • Margo Freeman

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    4

  • Susie Keller

    VICE PRESIDE

    Total calculated
    $0
    Hours/week
    4

  • Donna Lutton

    SECRETARY

    Total calculated
    $0
    Hours/week
    4

  • Louise Nadler

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    4

  • Patrick Waterhouse

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    4

  • Vicki Winterer

    TREASURER

    Total calculated
    $0
    Hours/week
    4

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2024
Filed
13 February 2025
IRS schema version
2024v5.0
Source object
202641009349301859

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