University Lake School
University Lake School reported $15.4 million in revenue and $9.3 million in expenses for the fiscal year ending June 30, 2025. Of every $100 it spent, $85.18 went to program services, $10.28 to management and general costs and $4.54 to fundraising. Its largest source of revenue was contributions and grants: 50.9% of the total. The highest compensation it reported for one person was $268,055 (HEAD OF SCHOOL (THRU JUNE 2025)). 3 people received more than $100,000 in reportable compensation. Revenue rose 138% between FY2020 and FY2025. Source: Form 990, FY2025.
Where $100 of spending went
The fiscal year ending June 30, 2025 · Form 990, Part IX, line 25 · total expenses $9.3MFor context, the median across 5,499 covered education charities: $85.56 programs, $13.59 management, $0.85 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
The fiscal year ending June 30, 2025 · Form 990, Part VIII · total revenue $15MThe 990 scorecard · same measures for every charity, no grades
| Measure | FY2025 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 85.2% | 84.4% |
| Management & general Part IX 25(C) ÷ 25(A) | 10.3% | 13.4% |
| Fundraising Part IX 25(D) ÷ 25(A) | 4.5% | 0.8% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.05 | $0.04 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 50.9% | 19.1% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 0.0% | 1.1% |
| Program service revenue share Part VIII 2g ÷ 12 | 40.8% | 69.9% |
| Highest reported compensation Part VII-A, columns D–F | $268,055 | $331,578 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 2.88% | 1.28% |
| People paid over $100,000 Part VII, line 2 | 3 | 8 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 31.7 | 13.3 |
| Independent voting board members Part VI 1a–1b | 11 of 11 | 100.0% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
FY2025 · Form 990, Part III · the three largest programs by expenseInstruction & student activities: this past year, uls provided over 300 students with a rigorous yet well-rounded education that blends strong academics, fine arts, athletics, leadership, language, and outdoor experiences. Our curriculum fosters critical thinking and leadership, while students develop a global perspective through diverse experiences. Graduates move forward as well-prepared, compassionate global citizens, ready for success in college and life
Financial aid and discounts - the school indexed tuition model allows for families to make the investment in their child's education in a way that is meaningful and attainable for their circumstances. Approximately 116 students were served by this program. The programs are non-discriminatory and in fact allow a broad range of students with diverse backgrounds and experiences to attend uls
Highest reported compensation
FY2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| HEAD OF SCHOOL (THRU JUNE 2025) Officer, 50.00 hrs/week | $235,510 | $0 | $32,545 | $268,055 |
| CHIEF FINANCIAL OFFICER Officer, 50.00 hrs/week | $134,353 | $0 | $13,324 | $147,677 |
| SCHOOL DIVISION HEAD Highest compensated employee, 50.00 hrs/week | $106,120 | $0 | $270 | $106,390 |
3 people received more than $100,000 in reportable compensation from University Lake School (Part VII, line 2). Compensation of current officers, directors and key employees totaled $413K (Part IX, line 5).
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
FY2025 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b11 · 11 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aYes
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2No
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4No
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bNo
- Employees Part I, line 5111
- Volunteers Part I, line 6350
Largest outside contractors
FY2025 · Form 990, Part VII, Section B · businesses only| PAYNE & DOLAN INC Driveway work | $555,195 |
| MSI GENERAL CORPORATION Renovation | $285,879 |
| PELLA WINDOWS Windows material & install | $155,152 |
| SHINING STARS COMMERCIAL CLEANING Janitorial services | $122,650 |
Individuals listed as contractors are left out. 4 contractors were paid more than $100,000 in all.
Private foundation grants it received
8 private foundations reported grants to University Lake School totaling $556K on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.
Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.
Correct a figure or respond
Every number above is copied from University Lake School's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for University Lake School, you can publish a response that is linked from this page.
Share or embed this breakdown
Of every $100 University Lake School spent in FY2025, $85.18 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- Montserrat College Of ArtBeverly, MA · revenue $15M · programs 72.2% · FY2025
- Wyoming Child & Family DevelopmentGuernsey, WY · revenue $15M · programs 89.4% · FY2025
- National Association of Student Financial Aid AdministratorsWashington, DC · revenue $15M · programs 80.2% · FY2025
- The Seed School of Los Angeles CountyLos Angeles, CA · revenue $15M · programs 80.5% · FY2025
- SEIU 503 Training PartnershipPortland, OR · revenue $15M · programs 75.4% · 2024
Questions people ask
How much of University Lake School's spending goes to programs?
In the fiscal year ending June 30, 2025, University Lake School reported that 85.2% of its $9.3 million in expenses went to program services, 10.3% to management and general and 4.5% to fundraising (Form 990, Part IX).
How much does University Lake School pay its top executive?
The largest total compensation University Lake School reported for one person in the fiscal year ending June 30, 2025 was $268,055, for the role of HEAD OF SCHOOL (THRU JUNE 2025) (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does University Lake School get its money?
Of $15.4 million in revenue in the fiscal year ending June 30, 2025, 50.9% came from contributions and grants and 40.8% from program service revenue (Form 990, Part VIII).
Is University Lake School a registered charity?
The IRS lists EIN 39-0942763 as a 501(c)(3) organization (school), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- FY2025: Form 990 for the fiscal year ending June 30, 2025, object 202600909349301865 · read the filing · XML
- FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202541089349300609 · read the filing
- FY2023: Form 990 for the fiscal year ending June 30, 2023, object 202410439349302411 · read the filing
- FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202301359349313195 · read the filing
- FY2021: Form 990 for the fiscal year ending June 30, 2021, object 202231369349311298 · read the filing
- FY2020: Form 990 for the fiscal year ending June 30, 2020, object 202101379349310605 · read the filing
All filings for EIN 39-0942763: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.