Totals
- Total revenue
- $5,433,705
- Total expenses
- $5,043,202
- Contributions and grants received
- $501,636
- Grants paid
- $165,400
- Program service revenue
- $4,755,808
- Investment income
- $156,096
- Other revenue
- $20,165
- Total assets, end of year
- $12,655,110
- Total liabilities, end of year
- $2,054,936
- Net assets or fund balances, end of year
- $10,600,174
- Program services expenses (Part IX)
- $3,525,811
- Management and general expenses
- $1,517,391
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $3,525,811
Program services were 69.9% 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.
-
1f · All other contributions, gifts and grants
$501,636
-
2a · Program service revenue: TUITION AND FEES
total $4,686,631 · related or exempt $4,686,631
-
2b · Program service revenue: AUXILLARY ACTIVITIES
total $69,177 · related or exempt $69,177
-
3 · Investment income
total $126,409 · excluded $126,409
-
6a · Gross rents
real property $20,165
-
6b · Less rental expenses
real property $0
-
6c · Rental income or loss
real property $20,165
-
6d · Net rental income or loss
total $20,165 · unrelated business $20,165
-
7a · Gross sales of assets other than inventory
securities $1,871,930
-
7b · Less cost or other basis and sales expenses
securities $1,842,243
-
7c · Gain or loss
securities $29,687
-
7d · Net gain or loss
total $29,687 · excluded $29,687
Functional expenses
Part IX, the statement of functional expenses.
-
2 · Grants to domestic individuals
total $165,400 · program services $165,400
-
5 · Compensation of officers, directors and key employees
total $196,171 · management and general $196,171
-
7 · Other salaries and wages
total $3,005,539 · program services $2,563,154 · management and general $442,385
-
9 · Other employee benefits
total $521,441 · program services $415,042 · management and general $106,399
-
10 · Payroll taxes
total $230,923 · program services $186,755 · management and general $44,168
-
11c · Fees: accounting
total $91,481 · management and general $91,481
-
12 · Advertising and promotion
total $25,033 · management and general $25,033
-
13 · Office expenses
total $38,521 · program services $4,090 · management and general $34,431
-
14 · Information technology
total $53,861 · management and general $53,861
-
16 · Occupancy
total $210,675 · management and general $210,675
-
19 · Conferences, conventions and meetings
total $17,604 · program services $6,787 · management and general $10,817
-
22 · Depreciation, depletion and amortization
total $195,432 · management and general $195,432
-
23 · Insurance
total $52,003 · management and general $52,003
-
24a · Other expenses: PROGRAM EXPENSES AND SU
total $184,583 · program services $184,583
-
24b · Other expenses: OPERATING LEASE
total $29,128 · management and general $29,128
-
24c · Other expenses: DUES AND MEMBERSHIPS
total $16,348 · management and general $16,348
-
24d · Other expenses: OFFICE EQUIPMENT
total $9,059 · management and general $9,059
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $3,342,178 · end of year $2,587,697
-
2 · Savings and temporary cash investments
beginning of year $250,862 · end of year $276,189
-
4 · Accounts receivable
beginning of year $2,715 · end of year $3,803
-
9 · Prepaid expenses and deferred charges
beginning of year $44,697 · end of year $61,856
-
10a · Land, buildings and equipment: cost or other basis
$8,094,022
-
10b · Land, buildings and equipment: accumulated depreciation
$1,695,981
-
10c · Land, buildings and equipment, net
beginning of year $6,576,849 · end of year $6,398,041
-
11 · Investments: publicly traded securities
beginning of year $722,004 · end of year $1,943,199
-
13 · Investments: program-related
beginning of year $998,260 · end of year $1,296,254
-
15 · Other assets
beginning of year $114,262 · end of year $88,071
-
17 · Accounts payable and accrued expenses
beginning of year $35,024 · end of year $33,162
-
19 · Deferred revenue
beginning of year $1,879,160 · end of year $1,933,703
-
25 · Other liabilities
beginning of year $114,262 · end of year $88,071
-
27 · Net assets without donor restrictions
beginning of year $9,268,640 · end of year $9,706,114
-
28 · Net assets with donor restrictions
beginning of year $754,741 · end of year $894,060
Mission and programs · 2024
Mission
TO ENABLE STUDENTS WITH AVERAGE TO ABOVE AVERAGE INTELLIGENCE, WHO ALSO EXPERIENCE LEARNING DIFFICULTIES IN THE AREAS OF READING, ORGANIZATION, LANGUAGE PROCESSING, AND WRITTEN EXPRESSION, TO REACH THEIR MAXIMUM ACADEMIC POTENTIAL.
-
EDUCATION OF 187 CHILDREN (GRADES 1-8) WHO HAVE BEEN DIAGNOSED AS HAVING SPECIFIC LEARNING DISABILITIES
Expenses $3,525,811 · Grants $165,400 · Revenue $4,755,808
As filed on the 2024 return.
Listed in Part VII
-
Lee PowellivLEE POWELLIV
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Lamar JordanLAMAR JORDAN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Jim TerryJIM TERRY
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Tj WayTJ WAY
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Mary GentryMARY GENTRY
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Megan O'NeillMEGAN O'NEILL
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Jake Rasor IIIJAKE RASOR III
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Carrie Fischer SherardCARRIE FISCHER SHERARD
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Sean TurnerSEAN TURNER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Kip MillerKIP MILLER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Kenneth SmithKENNETH SMITH
CHAIRMAN
- Total calculated
- $0
- Hours/week
- 1
-
Lori RaadLORI RAAD
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Stuart WyethSTUART WYETH
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Dan BlanchDAN BLANCH
HEADMASTER
- Total calculated
- $223,735
- From this org
- $196,171
- From related orgs
- $0
- Other
- $27,564
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $196,171
- Bonus
- $0
- Other
- $0
- Deferred
- $12,600
- Nontaxable benefits
- $14,964
- Filer's total
- $223,735
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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 1a · Health or social club dues or initiation fees
- 1b · Written policy on the line-1a expenses
- 2 · Substantiation required before reimbursing expenses
- 3 · Compensation committee
- 3 · Written employment contract
- 3 · Approval by the board or compensation committee
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 7 November 2025
- IRS schema version
- 2024v5.2
- Source object
- 202533169349305323
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