Form 990 for tax year 2022
Filed by PROMONTORY SCHOOL OF EXPEDITIONARY LEARNING.
Totals
- Total revenue
- $4,807,873
- Total expenses
- $4,916,168
- Contributions and grants received
- $4,688,610
- Grants paid
- $0
- Program service revenue
- $71,385
- Investment income
- $47,878
- Other revenue
- $0
- Total assets, end of year
- $11,794,007
- Total liabilities, end of year
- $9,638,188
- Net assets or fund balances, end of year
- $2,155,819
- Program services expenses (Part IX)
- $4,773,351
- Management and general expenses
- $142,817
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $4,773,351
Program services were 97.1% 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)
$4,672,885
-
1f · All other contributions, gifts and grants
$15,725
-
2a · Program service revenue: ELEMENTARY AND SECONDA
total $71,385 · related or exempt $71,385
-
3 · Investment income
total $56,901 · excluded $56,901
-
7a · Gross sales of assets other than inventory
other assets $40
-
7b · Less cost or other basis and sales expenses
other assets $9,063
-
7c · Gain or loss
other assets -$9,023
-
7d · Net gain or loss
total -$9,023 · excluded -$9,023
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $91,194 · program services $91,194
-
7 · Other salaries and wages
total $2,234,494 · program services $2,234,494
-
8 · Pension plan contributions
total $90,237 · program services $90,237
-
9 · Other employee benefits
total $398,057 · program services $398,057
-
10 · Payroll taxes
total $171,929 · program services $171,929
-
11a · Fees: management
total $75,816 · management and general $75,816
-
11b · Fees: legal
total $320 · management and general $320
-
11c · Fees: accounting
total $23,773 · management and general $23,773
-
11g · Fees: other
total $261,438 · program services $261,438
-
12 · Advertising and promotion
total $15,856 · management and general $15,856
-
16 · Occupancy
total $154,057 · program services $154,057
-
17 · Travel
total $16,581 · program services $16,581
-
20 · Interest
total $778,116 · program services $778,116
-
22 · Depreciation, depletion and amortization
total $277,427 · program services $277,427
-
23 · Insurance
total $25,682 · program services $664 · management and general $25,018
-
24a · Other expenses: SUPPLIES & MATERIALS
total $238,721 · program services $238,721
-
24b · Other expenses: PROPERTY
total $28,993 · program services $28,993
-
24c · Other expenses: PURCHASED PROPERTY SERV
total $19,315 · program services $19,315
-
24d · Other expenses: OTHER
total $8,355 · program services $6,321 · management and general $2,034
-
24e · All other expenses
total $5,807 · program services $5,807
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $986,220
-
2 · Savings and temporary cash investments
beginning of year $999,818 · end of year $691,631
-
3 · Pledges and grants receivable
end of year $374,588
-
4 · Accounts receivable
beginning of year $302,316 · end of year $28,275
-
9 · Prepaid expenses and deferred charges
beginning of year $20,551 · end of year $19,821
-
10a · Land, buildings and equipment: cost or other basis
$7,701,749
-
10b · Land, buildings and equipment: accumulated depreciation
$2,256,732
-
10c · Land, buildings and equipment, net
beginning of year $5,664,288 · end of year $5,445,017
-
11 · Investments: publicly traded securities
end of year $5,234,675
-
17 · Accounts payable and accrued expenses
beginning of year $245,510 · end of year $297,750
-
20 · Tax-exempt bond liabilities
end of year $9,340,438
-
23 · Secured mortgages and notes payable
beginning of year $5,463,569
-
27 · Net assets without donor restrictions
beginning of year $2,154,368 · end of year -$2,437,361
-
28 · Net assets with donor restrictions
beginning of year $109,746 · end of year $4,593,180
Mission and programs · 2022
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 $4,773,351 · Revenue $71,385
As filed on the 2022 return.
Listed in Part VII
-
Amber EdelmanAMBER EDELMAN
BOARD CHAIR
- Total calculated
- $0
- Hours/week
- 3
-
Michelle FlynnMICHELLE FLYNN
BOARD VICE CHAIR
- Total calculated
- $0
- Hours/week
- 3
-
Emily MorganEMILY MORGAN
TREASURER
- Total calculated
- $0
- Hours/week
- 3
-
Dorothy DobsonDOROTHY DOBSON
TRUSTEE
- Total calculated
- $0
- Hours/week
- 3
-
Karen BraithwaiteKAREN BRAITHWAITE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 3
-
Janie WardJANIE WARD
TRUSTEE
- Total calculated
- $0
- Hours/week
- 3
-
Amy RichAMY RICH
TRUSTEE
- Total calculated
- $0
- Hours/week
- 3
-
Becca AshbyBECCA ASHBY
TRUSTEE
- Total calculated
- $0
- Hours/week
- 3
-
Zach DavisZACH DAVIS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 3
-
Stephanie QuinteroSTEPHANIE QUINTERO
TRUSTEE
- Total calculated
- $0
- Hours/week
- 3
-
Amber JenksAMBER JENKS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 3
-
Josie Beth ArchibaldJOSIE BETH ARCHIBALD
TRUSTEE
- Total calculated
- $0
- Hours/week
- 3
-
Jennifer BlaineJENNIFER BLAINE
DIRECTOR
- Total calculated
- $89,966
- From this org
- $85,884
- 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
- 2022
- Filed
- 7 February 2024
- IRS schema version
- 2022v5.0
- Source object
- 202410589349300936
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