Schoolhouse World Inc
- Assets
- $7.3m
- Revenue
- $6.6m
- Investments
- $0.0
- Employees
- 12
- Location
- Palo Alto, CA
- Founding
- Data as of
- 12/2023
- EIN
- 85-3101725
Organization Overview
Schoolhouse World Inc is located in Palo Alto, CA. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. As of 12/2023, Schoolhouse World Inc employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Schoolhouse World Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Schoolhouse World Inc generated $6.6m in total revenue. All expenses for the organization totaled $4.2m during the year ending 12/2023. While expenses have increased by 163.1% per year over the past 4 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION PROVIDES FREE SMALL-GROUP TUTORING TO YOUTHS AND ADULTS IN ORDER TO ASSIST WITH VARIOUS SUBJECTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOOLHOUSE.WORLD PROVIDES EDUCATIONAL PROGRAMS FOR YOUTHS AND ADULTS. MORE SPECIFICALLY, THE ORGANIZATION PROVIDES FREE SMALL-GROUP TUTORING VIA ONLINE MEETINGS TO YOUTH AND ADULTS IN ORDER TO ASSIST WITH VARIOUS SUBJECTS BEGINNING WITH HIGH SCHOOL MATH AND SAT PREPARATION.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Elysa Kohrs Software Engineer | 40 | $165,249 | |
Mariah Olson Head Of Community | 40 | $165,420 | |
Akshay Ravikumar Founding Engineer | 40 | $164,706 | |
Andrew Bent COO | 40 | $153,932 | |
Matthew Wu Prog & Pntr Mgr | 40 | $154,089 | |
Evan Tey Software Engineer | 40 | $150,142 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $6,113,387 |
| Noncash contributions included in lines 1a–1f | $1,595,153 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,113,387 |
| Total Program Service Revenue | $392,500 |
| Investment income | $119,506 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,626,788 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $470,000 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $654,012 |
| Compensation of current officers, directors, key employees. | $57,920 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $757,251 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $46,675 |
| Payroll taxes | $110,654 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $94,501 |
| Advertising and promotion | $107,524 |
| Office expenses | $69,451 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $7,087 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $905 |
| Insurance | $38,123 |
| All other expenses | $0 |
| Total functional expenses | $4,227,442 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $503,734 |
| Savings and temporary cash investments | $4,040,524 |
| Pledges and grants receivable | $75,000 |
| Accounts receivable, net | $200,531 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $21,670 |
| Net Land, buildings, and equipment | $13,435 |
| Investments—publicly traded securities | $2,461,419 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $10,238 |
| Other assets | $0 |
| Total assets | $7,326,551 |
| Accounts payable and accrued expenses | $27,912 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $27,912 |
| Net assets without donor restrictions | $7,298,639 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $7,326,551 |