FIELD MIDDLE SCHOOL

EIN: 854043151 501(c)(3) Education

San Mateo, CA

Total Revenue
$2,674,694
Total Expenses
$2,987,869
Total Assets
$1,989,327
Net Assets
$-543,676
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2021
Legal Domicile
CA
Principal Officer
Jason Baeten
Phone
6507270207
Tax Period
2024-07-01 to 2025-06-30

FIELD MIDDLE SCHOOL, founded in 2021, is a community nonprofit in the Education sector that reported $2.7M in total revenue in fiscal year 2024. Revenue surged 30% from the prior year, signaling strong growth momentum. Expenses of $3.0M exceeded revenue, resulting in a 12% operating deficit.

Mission

Field Middle is an independent middle school for boys in San Mateo, CA. Our mission is to build integrity, spark curiosity and inspire change, in our students and in the world. We have a substantial tuition assistance budget so that we can serve students from across the Peninsula from all different economic backgrounds.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $391,742
Program Service Revenue $2,274,928
Investment Income $8,024
Other Revenue $0
TOTAL REVENUE $2,674,694

Expense Breakdown

Grants Paid $614,842
Salaries & Benefits $1,314,129
Fundraising Expenses $23,680
Program Expenses $2,785,893
Other Expenses $1,058,898
TOTAL EXPENSES $2,987,869

Year-over-Year Comparison

2024 2023 Change
Revenue $2,674,694 $2,061,294 +0.3%
Expenses $2,987,869 $2,151,747 +0.4%
Net Income $-313,175 $-90,453 +2.5%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

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Liquidity & Cash Position

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Governance

Voting Members
16
Independent Members
16
Employees
13
Volunteers
30

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
5
$214,935
Total Directors
16
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Jason Baeten Head of School 40
Officer
$214,935 $0 $214,935
Scott Day Chairman 3
Officer Director
$0 $0 $0
Eve Glatt Treasurer 3
Officer Director
$0 $0 $0
Katie Passalacuqua Secretary 3
Officer Director
$0 $0 $0
Suzanne Gibbs Vice President 3
Officer Director
$0 $0 $0
Pam Baker Trustee 3
Director
$0 $0 $0
Anne Boswell Trustee 3
Director
$0 $0 $0
Evan Tato Trustee 3
Director
$0 $0 $0
Teri Handelman Trustee 3
Director
$0 $0 $0
Nancy Kauffman Trustee 3
Director
$0 $0 $0
Sameer Khedekar Trustee 3
Director
$0 $0 $0
Anna Quijano Trustee 3
Director
$0 $0 $0
Matthew Smith Trustee 3
Director
$0 $0 $0
Resham Bharwani Trustee 3
Director
$0 $0 $0
Kris Punzalan Trustee 3
Director
$0 $0 $0
Jacquie Kush Trustee 3
Director
$0 $0 $0
Jason Kwok Trustee 3
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $2,674,694 $2,987,869 $1,989,327 $-313,175
2024 $2,061,294 $2,151,747 $1,505,259 $-90,453
2023 $1,249,431 $1,430,817 $1,265,188 $-181,386
2022 $606,225 $598,882 $448,094 $7,343
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