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Nonprofiteer
← PROMONTORY SCHOOL OF EXPEDITIONARY LEARNING

Form 990 for tax year 2024

Filed by PROMONTORY SCHOOL OF EXPEDITIONARY LEARNING.

Totals

Total revenue
$5,767,930
Total expenses
$5,973,684
Contributions and grants received
$5,568,996
Grants paid
$0
Program service revenue
$80,321
Investment income
$118,613
Other revenue
$0
Total assets, end of year
$11,705,481
Total liabilities, end of year
$9,620,489
Net assets or fund balances, end of year
$2,084,992
Program services expenses (Part IX)
$5,352,552
Management and general expenses
$621,132
Fundraising expenses
$0
Program service expenses (Part III)
$5,352,552

Program services were 89.6% 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)

    $5,543,016

  • 1f · All other contributions, gifts and grants

    $25,980

  • 2a · Program service revenue: PROG.SERV.REVENUE-RELA

    total $80,321 · related or exempt $80,321

  • 3 · Investment income

    total $118,613 · excluded $118,613

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $89,135 · program services $79,867 · management and general $9,268

  • 7 · Other salaries and wages

    total $3,074,986 · program services $2,812,718 · management and general $262,268

  • 8 · Pension plan contributions

    total $122,358 · program services $111,904 · management and general $10,454

  • 9 · Other employee benefits

    total $543,228 · program services $496,090 · management and general $47,138

  • 10 · Payroll taxes

    total $235,115 · program services $214,857 · management and general $20,258

  • 11a · Fees: management

    total $79,644 · management and general $79,644

  • 11b · Fees: legal

    total $2,765 · management and general $2,765

  • 11c · Fees: accounting

    total $17,599 · management and general $17,599

  • 11g · Fees: other

    total $301,114 · program services $249,585 · management and general $51,529

  • 12 · Advertising and promotion

    total $10,482 · management and general $10,482

  • 14 · Information technology

    total $6,066 · management and general $6,066

  • 16 · Occupancy

    total $141,644 · program services $141,644

  • 17 · Travel

    total $36,953 · program services $36,953

  • 20 · Interest

    total $417,946 · program services $417,946

  • 22 · Depreciation, depletion and amortization

    total $414,961 · program services $414,961

  • 23 · Insurance

    total $33,915 · management and general $33,915

  • 24a · Other expenses: SUPPLIES AND MATERIALS

    total $366,008 · program services $338,241 · management and general $27,767

  • 24b · Other expenses: PROPERTY

    total $59,044 · program services $37,786 · management and general $21,258

  • 24c · Other expenses: DUES/BOARD EXPENSES

    total $20,721 · management and general $20,721

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $469,639 · end of year $590,859

  • 3 · Pledges and grants receivable

    beginning of year $550,640 · end of year $265,652

  • 4 · Accounts receivable

    beginning of year $2,151 · end of year $1,208

  • 9 · Prepaid expenses and deferred charges

    beginning of year $43,650 · end of year $60,378

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

    $11,387,316

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

    $2,997,312

  • 10c · Land, buildings and equipment, net

    beginning of year $8,461,907 · end of year $8,390,004

  • 11 · Investments: publicly traded securities

    beginning of year $2,445,875 · end of year $2,397,380

  • 17 · Accounts payable and accrued expenses

    beginning of year $382,458 · end of year $438,402

  • 20 · Tax-exempt bond liabilities

    beginning of year $9,300,658 · end of year $9,182,087

  • 27 · Net assets without donor restrictions

    beginning of year $1,178,107 · end of year $1,227,675

  • 28 · Net assets with donor restrictions

    beginning of year $1,112,639 · end of year $857,317

Mission and programs · 2024

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 $5,352,552 · Revenue $80,321

As filed on the 2024 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

  • Jessica 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

    Total calculated
    $87,419
    From this org
    $82,471
    From related orgs
    $0
    Other
    $4,948
    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
2024
Filed
19 March 2026
IRS schema version
2024v5.5
Source object
202610829349301721

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