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Nonprofiteer
← PROMONTORY SCHOOL OF EXPEDITIONARY LEARNING

Form 990 for tax year 2023

Filed by PROMONTORY SCHOOL OF EXPEDITIONARY LEARNING.

Totals

Total revenue
$5,617,318
Total expenses
$5,482,391
Contributions and grants received
$5,321,697
Grants paid
$0
Program service revenue
$111,289
Investment income
$184,332
Other revenue
$0
Total assets, end of year
$11,973,862
Total liabilities, end of year
$9,683,116
Net assets or fund balances, end of year
$2,290,746
Program services expenses (Part IX)
$5,341,689
Management and general expenses
$140,702
Fundraising expenses
$0
Program service expenses (Part III)
$5,341,689

Program services were 97.4% 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)

    $5,302,498

  • 1f · All other contributions, gifts and grants

    $19,199

  • 2a · Program service revenue: ELEMENTARY AND SECONDA

    total $111,289 · related or exempt $111,289

  • 3 · Investment income

    total $184,332 · excluded $184,332

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $89,141 · program services $89,141

  • 7 · Other salaries and wages

    total $2,796,327 · program services $2,796,327

  • 8 · Pension plan contributions

    total $110,093 · program services $110,093

  • 9 · Other employee benefits

    total $455,131 · program services $455,131

  • 10 · Payroll taxes

    total $215,106 · program services $215,106

  • 11a · Fees: management

    total $77,328 · management and general $77,328

  • 11c · Fees: accounting

    total $16,540 · management and general $16,540

  • 11g · Fees: other

    total $258,614 · program services $258,614

  • 12 · Advertising and promotion

    total $18,147 · program services $18,147

  • 14 · Information technology

    total $6,815 · program services $6,815

  • 16 · Occupancy

    total $142,971 · program services $142,971

  • 17 · Travel

    total $19,437 · program services $19,437

  • 20 · Interest

    total $452,120 · program services $452,120

  • 22 · Depreciation, depletion and amortization

    total $347,268 · program services $347,268

  • 23 · Insurance

    total $40,116 · management and general $40,116

  • 24a · Other expenses: SUPPLIES AND MATERIALS

    total $341,350 · program services $341,350

  • 24b · Other expenses: PRUCHASED PROPERTY

    total $82,311 · program services $82,311

  • 24c · Other expenses: DUES/BOARD EXPENSES

    total $13,576 · program services $6,858 · management and general $6,718

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $691,631 · end of year $469,639

  • 3 · Pledges and grants receivable

    beginning of year $374,588 · end of year $550,640

  • 4 · Accounts receivable

    beginning of year $28,275 · end of year $2,151

  • 9 · Prepaid expenses and deferred charges

    beginning of year $19,821 · end of year $43,650

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

    $11,055,687

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

    $2,593,780

  • 10c · Land, buildings and equipment, net

    beginning of year $5,445,017 · end of year $8,461,907

  • 11 · Investments: publicly traded securities

    beginning of year $5,234,675 · end of year $2,445,875

  • 17 · Accounts payable and accrued expenses

    beginning of year $297,750 · end of year $382,458

  • 20 · Tax-exempt bond liabilities

    beginning of year $9,340,438 · end of year $9,300,658

  • 27 · Net assets without donor restrictions

    beginning of year -$2,437,361 · end of year $1,178,107

  • 28 · Net assets with donor restrictions

    beginning of year $4,593,180 · end of year $1,112,639

Mission and programs · 2023

Mission

THE MISSION OF PROMONTORY SCHOOL OF EXPEDITIONARY LEARNING IS TO PROVIDE A RICH EDUCATIONAL ENVIRONMENT THAT VIEWS LEARNING AS AN EXPEDITION AND USES THE STUDY OF GREAT THINKERS TO CULTIVATE THE VALUE OF EXCELLENCE AND THE LOVE OF KNOWLEDGE.

Activities or mission (Part I)

TO PROVIDE A RICH EDUCATIONAL ENVIRONMENT THAT VIEWS LEARNING AS AN EXPEDITION.

  • MAIN PROGRAM IS TO EDUCATE STUDENTS. OUR ACHIEVEMENTS HAVE BEEN AND ARE TO PROVIDE INNOVATIVE EFFECTIVE LEARNING FOR STUDENTS AND HELP PREPARE THEM FOR LIFE AFTER SCHOOL.

    Expenses $5,341,689 · Revenue $111,289

As filed on the 2023 return.

Listed in Part VII

  • Michelle Flynn

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    3

  • Becca Ashby

    BOARD VICE CHAIR

    Total calculated
    $0
    Hours/week
    3

  • Emily Morgan

    TREASURER

    Total calculated
    $0
    Hours/week
    3

  • Dorothy Dobson

    TRUSTEE

    Total calculated
    $0
    Hours/week
    3

  • Stephanie Quintero

    TRUSTEE

    Total calculated
    $0
    Hours/week
    3

  • Amber Jenks

    TRUSTEE

    Total calculated
    $0
    Hours/week
    3

  • Riley Riser

    TRUSTEE

    Total calculated
    $0
    Hours/week
    3

  • Kandice Scothern

    TRUSTEE

    Total calculated
    $0
    Hours/week
    3

  • Adrianne Murray

    TRUSTEE

    Total calculated
    $0
    Hours/week
    3

  • Hillary Gerhardt

    TRUSTEE

    Total calculated
    $0
    Hours/week
    3

  • Jessical Flynn

    TRUSTEE

    Total calculated
    $0
    Hours/week
    3

  • Barbie Molgard-Wright

    TRUSTEE

    Total calculated
    $0
    Hours/week
    3

  • Michelle Wilson

    TRUSTEE

    Total calculated
    $0
    Hours/week
    3

  • Amber Edelman

    DIRECTOR (FROM OCT 23)

    Total calculated
    $20,946
    From this org
    $19,791
    From related orgs
    $0
    Other
    $1,155
    Hours/week
    40

  • Jennifer Blaine

    DIRECTOR (THRU SEPT 23)

    Total calculated
    $72,965
    From this org
    $68,883
    From related orgs
    $0
    Other
    $4,082
    Hours/week
    40

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.

Provenance

Return type
form_990
Tax year
2023
Filed
7 February 2025
IRS schema version
2023v6.0
Source object
202500489349301955

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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