Laurel School
Nonprofit profile at a glance
- EIN
- 340714451
- IRS 990 coverage
- 2009–2024
- Official website data refreshed
- Sep 2026
- Forms available
- Form 990 2024, Form 990-T 2024
- Location
- Shaker Heights, OH, US
- Phone
- 216-464-1441
- Rating
- 73
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Elementary, Secondary Education, K - 12
Reported finances
- Revenue
- $31,104,358
- Expenses
- $29,742,468
- Assets
- $91,179,965
- Liabilities
- $21,967,369
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
36 people listed
Highest reported compensation
- ANN KLOTZ (HEAD OF SCHOOL): $591,320 total reported compensation
- HEATHER DALY (ASSOCIATE HEAD OF SCHOOL): $211,387 total reported compensation
- ANDREA AUSPERK (CHIEF FINANCIAL OFFICER): $175,747 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To inspire each girl to fulfill her promise and to better the world.
What it reported doing in 2024
Laurel school foudned in 1896, is a nationally-recognized college preparatory, independent day school for girls, kidergarten through grade 12, with coeducational early childhood program. Laurel school has two campuses affording students opportunities to learn in traditional settings such as labs, studios, and libraries, as well as in our unique environmental classrooms. The lyman circle campus is home to all four academic divisions. The butler campus has extensive athletic facilities and opportunities for outdoor education and leadership-building programs. Laurel school has approximately 578 students enrolled in 2023-24 and 589 in 2024-25.
Operating model
- Revenue model
- Earned-program. 72% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Hybrid. The nonprofit split its reported program spending across 71% for direct work, and 29% for grants.
- Includes noncash contributions: Reported contributions include donated property or goods.
The verdict
SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. The filing reports few safeguards for money sent abroad and fundraising costs are high for each dollar raised.
Rating breakdown
- Financial Efficiency: 62
- Transparency & Controls: 73
- Accountability: 100
- Sustainability: 58
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 65.8%; rating input score 66
- Program expense ratio: 65.7%; rating input score 66
- Fundraising efficiency: $6.36 raised per $1 spent on fundraising; rating input score 26; 26th percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
- Pay-setting controls: 4 of 6 controls in place; rating input score 67
- Compensation committee: Pass
- Independent consultant: Missing
- Other Form 990s reviewed: Pass
- Written employment contract: Pass
- Compensation survey or study: Missing
- Board or committee approval: Pass
- Foreign activity oversight: Scored; rating input score 0
- Grant itemization coverage: 100%; rating input score 100; 72nd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 66th percentile among comparable filings
- Governance controls: 9 of 9 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 4.4%; rating input score 52; 52nd percentile among comparable filings
- Total-asset coverage ratio: 3.07; rating input score 75; 75th percentile among comparable filings
- Liabilities to assets ratio: 0.24; rating input score 53; 53rd percentile among comparable filings
- Officer compensation ratio: 5.7%; rating input score 45; 45th percentile among comparable filings
Growth
- Program expense growth: -0.3% per year; rating input score 0; 10th percentile among comparable filings
- Revenue growth: 2.6% per year; rating input score 100; 22nd percentile among comparable filings
- Asset growth: 0.7% per year; rating input score 100; 12th percentile among comparable filings
Details
- What they do: 1 operating location identified
- Where the money goes: 65.8% of revenue deployed · 65.7% of spending went to programs
- Governance: 28 of 28 board members independent · 9 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $19.6M in reported program spending
- Leadership: top reported pay $591K · 36 people listed · 4 of 6 pay-setting controls reported
- Highest-paid contractors: 5 contractors listed · $5.4M reported
- Consistency: 39 of 39 current checks pass
- Schedules: 11 filed schedules · includes major donors, foreign activity, grants, and executive pay
- Filing history: 16 filing years from 2009 to 2024
- Contacts: How to reach this organization
- Money network: 8 filed money-flow records
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Transparency & Controls: Foreign activity oversight scored 0/100.
- High — Financial Efficiency: Fundraising efficiency scored 26/100.
- High — Growth: Program expense growth scored 0/100.
- Review — Sustainability: Operating margin scored 52/100.
- Moderate — Sustainability: Officer compensation ratio scored 45/100.
- Review — Sustainability: Liabilities to assets ratio scored 53/100.