Civic Intelligence

The Schoolhouse Learning Center

EIN 03-0225740 • 501(c)3 • South Burlington, VT

Profile

A preK-8 school that values each students unique learning experience, fostering academic excellence, emotional intelligence, and social and environmental justice through five core concepts trust, sharing, belonging, responsibility, and respect.

8 Catkin DrSouth Burlington, VT 05403

www.theschoolhousevt.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

71st percentile

0.25x

Higher debt load relative to assets than 71% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

74th percentile

0.32x

Higher debt load relative to revenue than 74% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

54th percentile

6.4%

Higher net margin than 54% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

58th percentile

7.1%

Faster asset growth than 58% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

26th percentile

-6.3%

Faster revenue growth than 26% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Assets

Up

$2,703,583

Up $178,249 (+7.1%) from 2023

Liabilities

Up

$683,454

Up $42,094 (+6.6%) from 2023

Net Assets

Up

$2,020,129

Up $136,155 (+7.2%) from 2023

Revenue

Down

$2,132,892

Down $144,023 (-6.3%) from 2023

Expenses

Up

$1,996,737

Up $169,805 (+9.3%) from 2023

Net Income

Down

$136,155

Down $313,828 (-70%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$3.0M$2.0M$1.0M$0Assets 2011: $1,236,579Liabilities 2011: $382,355Net Assets 2011: $854,2242011Assets 2012: $1,236,934Liabilities 2012: $409,490Net Assets 2012: $827,4442012Assets 2013: $1,273,047Liabilities 2013: $429,181Net Assets 2013: $843,8662013Assets 2014: $1,304,663Liabilities 2014: $565,286Net Assets 2014: $739,3772014Assets 2015: $1,398,069Liabilities 2015: $604,323Net Assets 2015: $793,7462015Assets 2016: $1,497,504Liabilities 2016: $701,423Net Assets 2016: $796,0812016Assets 2017: $1,505,582Liabilities 2017: $647,239Net Assets 2017: $858,3432017Assets 2018: $1,607,221Liabilities 2018: $633,877Net Assets 2018: $973,3442018Assets 2019: $1,770,323Liabilities 2019: $726,086Net Assets 2019: $1,044,2372019Assets 2020: $2,014,752Liabilities 2020: $763,913Net Assets 2020: $1,250,8392020Assets 2021: $2,161,526Liabilities 2021: $798,910Net Assets 2021: $1,362,6162021Assets 2022: $2,135,193Liabilities 2022: $704,036Net Assets 2022: $1,431,1572022Assets 2023: $2,525,334Liabilities 2023: $641,360Net Assets 2023: $1,883,9742023Assets 2024: $2,703,583Liabilities 2024: $683,454Net Assets 2024: $2,020,1292024

Highlighted filing

2024

Assets$2,703,583
Liabilities$683,454
Net Assets$2,020,129

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2011: $276,711Expenses 2011: $410,998Net Income 2011: -$134,2872011Revenue 2012: $410,402Expenses 2012: $437,182Net Income 2012: -$26,7802012Revenue 2013: $677,461Expenses 2013: $661,039Net Income 2013: $16,4222013Revenue 2014: $917,675Expenses 2014: $1,022,164Net Income 2014: -$104,4892014Revenue 2015: $1,126,475Expenses 2015: $1,072,106Net Income 2015: $54,3692015Revenue 2016: $1,136,730Expenses 2016: $1,134,395Net Income 2016: $2,3352016Revenue 2017: $1,330,327Expenses 2017: $1,268,065Net Income 2017: $62,2622017Revenue 2018: $1,304,778Expenses 2018: $1,189,777Net Income 2018: $115,0012018Revenue 2019: $1,339,369Expenses 2019: $1,268,476Net Income 2019: $70,8932019Revenue 2020: $1,653,192Expenses 2020: $1,446,590Net Income 2020: $206,6022020Revenue 2021: $1,573,125Expenses 2021: $1,461,348Net Income 2021: $111,7772021Revenue 2022: $1,643,527Expenses 2022: $1,574,986Net Income 2022: $68,5412022Revenue 2023: $2,276,915Expenses 2023: $1,826,932Net Income 2023: $449,9832023Revenue 2024: $2,132,892Expenses 2024: $1,996,737Net Income 2024: $136,1552024

Highlighted filing

2024

Revenue$2,132,892
Expenses$1,996,737
Net Income$136,155

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$2.70$0.68$2.02$2.13$2.00$0.14
2023Detailed filing. Detailed filing data is available for this year.$2.53$0.64$1.88$2.28$1.83$0.45
2022Detailed filing. Detailed filing data is available for this year.$2.14$0.70$1.43$1.64$1.57$0.07
2021Detailed filing. Detailed filing data is available for this year.$2.16$0.80$1.36$1.57$1.46$0.11
2020Detailed filing. Detailed filing data is available for this year.$2.01$0.76$1.25$1.65$1.45$0.21
2019Summary only. Only limited summary data is available for this year.$1.77$0.73$1.04$1.34$1.27$0.07
2018Summary only. Only limited summary data is available for this year.$1.61$0.63$0.97$1.30$1.19$0.12
2017Summary only. Only limited summary data is available for this year.$1.51$0.65$0.86$1.33$1.27$0.06
2016Summary only. Only limited summary data is available for this year.$1.50$0.70$0.80$1.14$1.13$0.00
2015Summary only. Only limited summary data is available for this year.$1.40$0.60$0.79$1.13$1.07$0.05
2014Summary only. Only limited summary data is available for this year.$1.30$0.57$0.74$0.92$1.02$0.10
2013Summary only. Only limited summary data is available for this year.$1.27$0.43$0.84$0.68$0.66$0.02
2012Summary only. Only limited summary data is available for this year.$1.24$0.41$0.83$0.41$0.44$0.03
2011Summary only. Only limited summary data is available for this year.$1.24$0.38$0.85$0.28$0.41$0.13
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Aug 1, 2023 to Jul 31, 2024
Signed
Jun 17, 2025
Return Version
2023v6.0
Gross Receipts
$2,216,989
Mission and Program Overview

Mission

Operation of a licensed childcare center and a State of Vermont approved independent school serving 2 year olds to 8th graders. In FY20-21, the school taught 45 preschool, 44 elementary school, 17 middle school, 27 afterschool, and 36 summer story time. children.

A PreK childcare center and KG-Grade 8 school that values each students unique learning experience, fostering academic excellence, emotional intelligence, and social and environmental justice through five core concepts.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,376,466$1,442,127▲ $65,661
Savings and Temporary Cash Investments$699,504$780,626▲ $81,122
Cash and Non-Interest-Bearing Accounts$11,012$38,450▲ $27,438
Accounts Receivable$20,348$24,999▲ $4,651
Intangible Assets$5,103$3,850▼ $1,253
Total Assets$2,525,334$2,703,583▲ $178,249
Other Assets Total$412,901$413,531▲ $630
Liabilities
Mortgage Notes Payable Secured by Investment Property$577,549$552,654▼ $24,895
Deferred Revenue$58,552$123,095▲ $64,543
Accounts Payable and Accrued Expenses$5,259$7,705▲ $2,446
Total Liabilities$641,360$683,454▲ $42,094
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,883,974$2,020,129▲ $136,155
Total Net Assets Fund Balance$1,883,974$2,020,129▲ $136,155
Total Liabilities and Net Assets / Fund Balance$2,525,334$2,703,583▲ $178,249

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$847,817$628,261$1,476,078
Land$465,672-$465,672
Leasehold Improvements$110,621$6,917$117,538
Equipment$15,660$70,479$86,139
Other Land Buildings$2,357$12,905$15,262
Other Assets Org$409,871--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Elizabeth ShayneHead of SchoolFT$84,646$2,512$87,158
Lorraine Carter-LovejoyStaff LiaisonFT$42,434$1,264$43,698
Revenue and Support

Revenue Composition

Contributions and Grants
$481,339
Program Service Revenue
$1,582,832
Investment Income
$27,016
Other Revenue
$41,705
All Other Contributions
$478,009
Change in Net Assets
$136,155
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,533,533
Other Expenses$463,204
Total Fundraising Expense$9,352
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$954,587$225,303-$1,179,890
Payroll Taxes$101,959$39,045-$141,004
Current Officers, Directors, Trustees, and Key Employees$50,024$85,177-$135,201
Occupancy-$127,771-$127,771
Other Employee Benefits$32,985$20,452-$53,437
Depreciation Depletion-$51,729-$51,729
Fees for Services Accounting-$33,987-$33,987
Information Technology$582$25,092-$25,674
Pension Plan Contributions-$24,001-$24,001
Interest-$23,893-$23,893
Insurance-$19,974-$19,974
Fees for Services Other-$17,945-$17,945
Other Expenses$500$16,779$9,352$17,279
Advertising$1,628$13,376-$15,004
Office Expenses$315$11,576-$11,891
Fees for Services Legal-$172-$172
Total Functional Expenses$1,240,432$746,953$9,352$1,996,737
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$41,597
Fundraising Direct Expenses$17,203
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Brunch Bags$47,827$41,597$17,203$24,394
Total Events$47,827$41,597$17,203$24,394
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Federal income taxes-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 11B

The 990 review process goes to the Finance Committee first, then the Board, for review prior to filing.

Form 990, Part VI, Line 12C

The board regularly monitors and discusses any conflict of interest.

Form 990, Part VI, Line 15A

The board regularly monitors its payscale in relation to similar organizations within VT for directors.

Form 990, Part VI, Line 15B

The board regularly monitors its payscale in relation to similar organizations within VT for key employees.

Form 990, Part VI, Line 19

Statements and financials available upon request.

Filing and Contact Details

Filer

Filer Name
The Schoolhouse Learning Center Inc
EIN
03-0225740
Address
8 Catkin Dr, South Burlington, VT 05403

Signing Officer

Name
William Mitchell
Title
CoChair
Signed
2025-06-17
Discuss with paid preparer
Yes

Organization Details

Principal Officer
William Mitchell
Formed
1985
Legal Domicile
Vt
Voting Board Members
13
Independent Board Members
12
Employees
58
Volunteers
120

Preparer

Firm
Wisehart Wimette Associates PLC
Address
159 River Road, Essex Junction, VT 05452
Preparer
Kirk P Wisehart
Phone
8028791055
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IRS990/MissionDesc0A PreK childcare center and KG-Grade 8 school that values each students unique learning experience, fostering academic excellence, emotional intelligence, and social and environmental justice through five core concepts trust, sharing, belonging, responsibility, and respect.
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IRS990/NetAssetsOrFundBalancesEOYAmt02020129
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IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt05555
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IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt020452
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IRS990/OtherEmployeeBenefitsGrp/TotalAmt053437
IRS990/OtherExpensesGrp/Desc0Activity/food
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IRS990/OtherExpensesGrp/Desc2Other expenses
IRS990/OtherExpensesGrp/FundraisingAmt09352
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt010681
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt116779
IRS990/OtherExpensesGrp/ProgramServicesAmt097852
IRS990/OtherExpensesGrp/ProgramServicesAmt1500
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IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0954587
IRS990/OtherSalariesAndWagesGrp/TotalAmt01179890
IRS990/PartialLiquidationInd0false
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IRS990/PayrollTaxesGrp/ProgramServicesAmt0101959
IRS990/PayrollTaxesGrp/TotalAmt0141004
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt024001
IRS990/PensionPlanContributionsGrp/TotalAmt024001
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0William Mitchell
IRS990/ProfessionalFundraisingInd0false
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IRS990/ProgramServiceRevenueGrp/Desc0Tuition and fees
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IRS990/ReportOtherAssetsInd0true
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IRS990/RoyaltiesGrp/TotalAmt00
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IRS990/SavingsAndTempCashInvstGrp/EOYAmt0780626
IRS990ScheduleA/SchoolInd0X
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
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IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
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IRS990ScheduleD/BuildingsGrp/BookValueAmt0847817
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IRS990ScheduleD/EquipmentGrp/BookValueAmt015660
IRS990ScheduleD/EquipmentGrp/DepreciationAmt070479
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt086139
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd0false
IRS990ScheduleD/LandGrp/BookValueAmt0465672
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0465672
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0110621
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt06917
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0117538
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt03660
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1409871
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Undeposited funds
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1ERC receivable
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt02357
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt012905
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt015262
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Federal income taxes
IRS990ScheduleD/OtherSecuritiesGrp/Desc0Financial derivatives and other financial products
IRS990ScheduleD/OtherSecuritiesGrp/Desc1Closely-held equity interests
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IRS990ScheduleD/TotalBookValueOtherAssetsAmt0413531
IRS990ScheduleE/ComplianceWithRevProc7550Ind0true
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd0false
IRS990ScheduleE/DiscriminateRaceAthltProgInd0false
IRS990ScheduleE/DiscriminateRaceEducPlcyInd0false
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd0false
IRS990ScheduleE/DiscriminateRaceOtherActyInd0false
IRS990ScheduleE/DiscriminateRaceSchsInd0false
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IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd0false
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IRS990ScheduleE/MaintainScholarshipsRecsInd0true
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IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0Government assistance was received for tuition. Grants were received for safety, COVID assistance and program excellence.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1See page 1
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt2See page 1
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc06a
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc13
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc24d
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IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt017203
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0Brunch Bags
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt047827
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt047827
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt041597
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt041597
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IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt017203
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleL/GrntAsstBnftInterestedPrsnGrp/AssistancePurposeTxt0Tuition reduction assistance
IRS990ScheduleL/GrntAsstBnftInterestedPrsnGrp/AssistancePurposeTxt1Tuition reduction assistance
IRS990ScheduleL/GrntAsstBnftInterestedPrsnGrp/CashGrantAmt019423
IRS990ScheduleL/GrntAsstBnftInterestedPrsnGrp/CashGrantAmt113625
IRS990ScheduleL/GrntAsstBnftInterestedPrsnGrp/PersonNm0Mary E Lyons
IRS990ScheduleL/GrntAsstBnftInterestedPrsnGrp/PersonNm1Lorraine Carter-Lovejoy
IRS990ScheduleL/GrntAsstBnftInterestedPrsnGrp/RelationshipWithOrgTxt0Board Member
IRS990ScheduleL/GrntAsstBnftInterestedPrsnGrp/RelationshipWithOrgTxt1Board Member
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The 990 review process goes to the Finance Committee first, then the Board, for review prior to filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The board regularly monitors and discusses any conflict of interest.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The board regularly monitors its payscale in relation to similar organizations within VT for directors.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The board regularly monitors its payscale in relation to similar organizations within VT for key employees.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Statements and financials available upon request.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 11b

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