Proof School
- Assets
- $8.5m
- Revenue
- $6.2m
- Investments
- $0.0
- Employees
- 27
- Location
- San Francisco, CA
- Founding
- 05/2014
- Data as of
- 06/2021
- EIN
- 46-3770194
Organization Overview
Proof School is located in San Francisco, CA. The organization was established in 2014. According to its NTEE Classification (B25) the organization is classified as: Secondary & High Schools, under the broad grouping of Education and related organizations. As of 06/2021, Proof School employed 27 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Proof School 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 06/2021, Proof School generated $6.2m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 19.3% each year . All expenses for the organization totaled $5.3m during the year ending 06/2021. While expenses have increased by 16.0% per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
OFFERING A LIBERAL ARTS EDUCATION FOR KIDS WHO LOVE MATH, REASONING AND COMMUNICATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROOF SCHOOL DELIVERED A COMPREHENSIVE MIDDLE AND HIGH SCHOOL CURRICULUM TO A TOTAL OF 111 STUDENTS IN GRADES 6-12 DURING THE 2020-21 ACADEMIC YEAR. SCHOOL WAS IN SESSION (THOUGH HELD REMOTELY) FOR 172 DAYS; THE SCHOOL HELD INFO SESSIONS, RAN ADMISSIONS, HIRED FIVE NEW FACULTY, AND GRADUATED 11 STUDENTS. THE GOAL FOR THE SCHOOL CONTINUES TO BE TO PROVIDE A WORLD CLASS EDUCATION FOR STUDENTS IN THE BAY AREA WHO LOVE MATH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Samuel K Vandervelde Head Of School | OfficerTrustee | 40 | $225,899 |
Kathy Lin Director Of Admissions | 40 | $199,063 | |
Zachary Sifuentes Dean Of Humanities | Officer | 40 | $191,331 |
Jason Horowitz Math & Science Teacher | 40 | $102,092 | |
Paul Zeitz Board Chair | Trustee | 2 | $0 |
Dennis Leary Treasurer | Trustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $368,800 |
| All other contributions, gifts, grants, and similar amounts not included above | $662,657 |
| Noncash contributions included in lines 1a–1f | $206,755 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,031,457 |
| Total Program Service Revenue | $5,139,423 |
| Investment income | $289 |
| 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 | $6,171,169 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,158,605 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $718,862 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,635,667 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $211,333 |
| Payroll taxes | $161,033 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,262 |
| Fees for services: Accounting | $13,028 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $40,107 |
| Information technology | $31,502 |
| Royalties | $0 |
| Occupancy | $865,925 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $50,970 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $286,831 |
| Insurance | $28,299 |
| All other expenses | $2,281 |
| Total functional expenses | $5,294,974 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,042,416 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,382,847 |
| 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 | $32,972 |
| Net Land, buildings, and equipment | $1,959,280 |
| Investments—publicly traded securities | $818,651 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $302,782 |
| Total assets | $8,538,948 |
| Accounts payable and accrued expenses | $32,448 |
| Grants payable | $0 |
| Deferred revenue | $4,144,930 |
| 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 | $380,892 |
| Total liabilities | $4,558,270 |
| Net assets without donor restrictions | $0 |
| 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 | $3,980,678 |
| Total liabilities and net assets/fund balances | $8,538,948 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Proof School has recieved totaling $109,172.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $65,700 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $32,983 |
Goldman Sachs Philanthropy Fund New York, NY PURPOSE: EDUCATION | $10,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $489 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
College Preparatory School Oakland, CA | $86,770,968 | $29,982,508 |
De Toledo High School West Hills, CA | $54,114,350 | $20,796,544 |
Los Angeles Leadership Academy Los Angeles, CA | $13,675,392 | $17,033,455 |
Dunn School Los Olivos, CA | $25,503,734 | $14,255,892 |
Maranatha High School Pasadena, CA | $37,804,147 | $15,687,230 |
Seabury Hall Makawao, HI | $71,634,434 | $12,939,706 |
Audeo Charter School San Diego, CA | $17,592,431 | $17,679,970 |
Cristo Rey San Jose High School San Jose, CA | $35,861,424 | $12,346,734 |
Monte Vista Christian School Inc Watsonville, CA | $36,645,188 | $14,491,760 |
Vistamar School El Segundo, CA | $31,527,433 | $13,947,255 |
Pathways In Education Illinois Pasadena, CA | $13,522,189 | $14,647,243 |
Africa New Life Ministries International Portland, OR | $6,351,157 | $13,013,845 |