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Nonprofiteer
← SLATE SCHOOL INC

Form 990 for tax year 2022

Filed by SLATE SCHOOL INC.

Totals

Total revenue
$11,643,767
Total expenses
$1,437,729
Contributions and grants received
$11,003,340
Grants paid
$0
Program service revenue
$619,675
Investment income
$0
Other revenue
$20,752
Total assets, end of year
$29,514,578
Total liabilities, end of year
$1,459,767
Net assets or fund balances, end of year
$28,054,811
Program services expenses (Part IX)
$1,339,365
Management and general expenses
$98,364
Fundraising expenses
$0
Program service expenses (Part III)
$1,339,365

Program services were 93.2% 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

    $11,003,340

  • 2a · Program service revenue: TUITION

    total $579,743 · unrelated business $579,743

  • 2b · Program service revenue: PROGRAM INCOME

    total $38,295 · unrelated business $38,295

  • 2c · Program service revenue: APPLICATION FEES

    total $1,637 · unrelated business $1,637

  • 8a · Fundraising events: gross income

    $16,205

  • 8b · Fundraising events: direct expenses

    $0

  • 8c · Net income from fundraising events

    total $16,205 · excluded $16,205

  • 11a · Other revenue: MISCELLANEOUS REVENUE

    total $4,547 · related or exempt $4,547

  • 11e · Other revenue, total

    $4,547

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $156,864 · program services $156,864

  • 7 · Other salaries and wages

    total $530,895 · program services $530,895

  • 9 · Other employee benefits

    total $12,606 · program services $12,606

  • 10 · Payroll taxes

    total $57,220 · program services $57,220

  • 11b · Fees: legal

    total $3,882 · management and general $3,882

  • 11c · Fees: accounting

    total $7,000 · management and general $7,000

  • 11g · Fees: other

    total $7,545 · management and general $7,545

  • 12 · Advertising and promotion

    total $2,501 · management and general $2,501

  • 13 · Office expenses

    total $19,700 · management and general $19,700

  • 17 · Travel

    total $93 · management and general $93

  • 22 · Depreciation, depletion and amortization

    total $331,790 · program services $331,790

  • 23 · Insurance

    total $114,868 · program services $57,225 · management and general $57,643

  • 24a · Other expenses: FACILITIES AND EQUIPMEN

    total $125,199 · program services $125,199

  • 24b · Other expenses: UTILITIES

    total $45,323 · program services $45,323

  • 24c · Other expenses: SCHOOL SUPPLIES

    total $22,243 · program services $22,243

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $47,632 · end of year $9,259,052

  • 9 · Prepaid expenses and deferred charges

    beginning of year $2,962 · end of year $1,360

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

    $21,728,328

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

    $1,474,162

  • 10c · Land, buildings and equipment, net

    beginning of year $18,070,380 · end of year $20,254,166

  • 17 · Accounts payable and accrued expenses

    beginning of year $232,821 · end of year $1,409,817

  • 19 · Deferred revenue

    beginning of year $39,380 · end of year $49,950

  • 27 · Net assets without donor restrictions

    beginning of year $17,848,773 · end of year $28,054,811

Mission and programs · 2022

Mission

THE SLATE SCHOOL, INC. IS DESIGNED TO CULTIVATE STUDENT CREATIVITY, FOSTER INGENUITY, AND INSPIRE A DEEP PASSION FOR LIFELONG LEARNING AND DISCOVERY. THE ORGANIZATIONS MISSION AND PRIORITY IS THAT EACH CHILD'S INNATE AND NATURAL LOVE FOR LEARNING BE NURTURED AND ENABLED TO GROW AND FLOURISH.

Activities or mission (Part I)

AT SLATE SCHOOL, INC., EDUCATION IS FOCUSED ON CULTIVATING CREATIVITY, FOSTERING INGENUITY, AND INSPIRING A DEEP PASSION FOR LIFELONG LEARNING. THE ORGANIZATION IS COMMITTED TO CHANGING THE LANDSCAPE OF EDUCATION TO INSPIRE AND NURTURE CHILDREN AS CREATIVE THINKERS AND CURIOUS LEARNERS.

  • K-12 ELEMENTARY SCHOOL

    Expenses $1,339,365

  • UPPER SCHOOL DEVELOPMENT AND CONSTRUCTION. DURING THE FISCAL YEAR $2,512,868 OF COSTS RELATING TO SLATE UPPER SCHOOL WERE EXPENDED AND CAPITALIZED AS CONSTRUCTION IN PROCESS.

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Alexander Clark

    TREASURER/SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Jennifer Staple Clark

    PRESIDENT

    Total calculated
    $0
    Hours/week
    50

  • Paul Ellingstad

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Julie Mountcastle

    HEAD OF SCHOOL

    Total calculated
    $156,864
    From this org
    $156,864
    From related orgs
    $0
    Other
    $0
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $156,864
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $156,864

  • Wendy Ostroff

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

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

None.

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
2022
Filed
15 May 2024
IRS schema version
2022v5.0
Source object
202421369349310767

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