COLLEGIATE SCHOOL: Form 990, tax year 2015
View the entire original 990 at ProPublica ↗
- Organization
- COLLEGIATE SCHOOL (EIN 54-0528203)
- Tax period
- 2015-07-01 to 2016-06-30
- Filed
- 2017-02-14
- IRS object ID
- 201730459349302683
- Schema version
- 2015v3.0
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990
- Schedule A
- Schedule B
- Schedule D
- Schedule E
- Schedule F
- Schedule G
- Schedule I
- Schedule J
- Schedule K
- Schedule L
- Schedule M
- Schedule O
- Schedule R
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2017-02-14T14:26:42-06:00 | ReturnTs |
| Tax Period End | 2016-06-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 560574444 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CHERRY BEKAERT LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1111 Metropolitan Ave Ste 1000 | AddressLine1Txt |
| City | Charlotte | CityNm |
| State Abbreviation | NC | StateAbbreviationCd |
| ZIP | 28204 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2015-07-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 540528203 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | The Collegiate School | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | COLL | BusinessNameControlTxt |
| Phone | 8047407077 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 103 North Mooreland Road | AddressLine1Txt |
| City | Richmond | CityNm |
| State Abbreviation | VA | StateAbbreviationCd |
| ZIP | 23229 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | PHYLLIS PALMIERO | PersonNm |
| Person Title | VP OF FINANCE AND ADMINISTRATION | PersonTitleTxt |
| Phone | 8047419799 | PhoneNum |
| Signature | 2017-02-14 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | Janice A Ratica | PreparerPersonNm |
| PTIN | P00358837 | PTIN |
| Phone | 7043771678 | PhoneNum |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2015 | TaxYr |
| Build TS | 2021-01-29 14:40:06Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | PHYLLIS PALMIERO | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 103 North Mooreland Road | AddressLine1Txt |
| City | Richmond | CityNm |
| State Abbreviation | VA | StateAbbreviationCd |
| ZIP | 23229 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $62,396,687 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | www.collegiate-va.org | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1915 | FormationYr |
| Legal Domicile State | VA | LegalDomicileStateCd |
| Activity Or Mission | TO CREATE A COMMUNITY OF LEARNERS COMMITTED TO A CHALLENGING AND SUPPORTIVE EDUCATIONAL EXPERIENCE THAT WILL FOSTER THE INTELLECTUAL, MORAL, EMOTIONAL, AND PHYSICAL DEVELOPMENT OF EACH STUDENT. | ActivityOrMissionDesc |
| Voting Members Governing Body | 29 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 28 | VotingMembersIndependentCnt |
| Total Employee | 767 | TotalEmployeeCnt |
| Total Volunteers | 900 | TotalVolunteersCnt |
| Total Gross UBI | -$10,993 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | -$26,573 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $3,489,016 | PYContributionsGrantsAmt |
| CY Contributions Grants | $6,267,899 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $40,259,387 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $41,702,634 | CYProgramServiceRevenueAmt |
| PY Investment Income | $2,629,071 | PYInvestmentIncomeAmt |
| CY Investment Income | $803,228 | CYInvestmentIncomeAmt |
| PY Other Revenue | $9,054 | PYOtherRevenueAmt |
| CY Other Revenue | $15,299 | CYOtherRevenueAmt |
| PY Total Revenue | $46,386,528 | PYTotalRevenueAmt |
| CY Total Revenue | $48,789,060 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $3,471,215 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $3,459,699 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $26,141,105 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $26,796,647 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $1,374,516 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $19,061,520 | PYOtherExpensesAmt |
| CY Other Expenses | $19,433,377 | CYOtherExpensesAmt |
| PY Total Expenses | $48,673,840 | PYTotalExpensesAmt |
| CY Total Expenses | $49,689,723 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | -$2,287,312 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | -$900,663 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $158,814,830 | TotalAssetsBOYAmt |
| Total Assets EOY | $154,918,511 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $47,829,038 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $47,511,216 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $110,985,792 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $107,407,295 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | TO CREATE A COMMUNITY OF LEARNERS COMMITTED TO A CHALLENGING AND SUPPORTIVE EDUCATIONAL EXPERIENCE THAT WILL FOSTER THE INTELLECTUAL, MORAL, EMOTIONAL, AND PHYSICAL DEVELOPMENT OF EACH STUDENT. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $39,496,998 | ExpenseAmt |
| Grant | $3,422,949 | GrantAmt |
| Revenue | $38,559,078 | RevenueAmt |
| Desc | INSTRUCTIONAL - COLLEGIATE SCHOOL PROVIDED junior KINDERGARTEN THROUGH TWELFTH GRADE EDUCATION TO APPROXIMATELY 1,640 STUDENTS. THE FOLLOWING STATISTICS FOR THE GRADUATING CLASS of 2016 HIGHLIGHT THE QUALITY OF THE ACADEMIC AND ATHLETIC PROGRAMS THAT COLLEGIATE OFFERS. The class continued the school's tradition of strong academic acceptance rates, contributing to the 10-year average of two out of every three applications resulting in acceptances. These included a host of "most selective" colleges and universities such as UVA, Duke, Dartmouth, Harvard, Georgetown, Princeton, and Vanderbilt. The class of 2016 had 14 recruited athletes, 6 went on to compete at Division I schools, and 8 went on to compete at Division III schools. Collegiate School also hosted over 40 students from around the world during its 5th annual international emerging leaders conference in October, 2015. The conference is believed to be the only collaborative global youth conference of its kind among public and private schools nationwide. | Desc |
Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $2,736,231 | ExpenseAmt |
| Grant | $36,750 | GrantAmt |
| Revenue | $925,409 | RevenueAmt |
| Desc | Auxiliaries - The School operates, for the benefit and convenience of parents, students, and alumni, several auxiliary services including food service (cafeterias), a campus bookstore, after school care, and private music instruction, among others. | Desc |
Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $864,093 | ExpenseAmt |
| Revenue | $853,353 | RevenueAmt |
| Desc | Public Service - The School offers a Summer Economics Institute, summer camps, and several youth sports and adult sports programs to the greater Richmond community. | Desc |
Prog Srvc Accom Acty Other ProgSrvcAccomActyOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $219,945 | ExpenseAmt |
| Revenue | $1,420,486 | RevenueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Prog Srvc Expense | $219,945 | TotalOtherProgSrvcExpenseAmt |
| Total Other Prog Srvc Revenue | $1,420,486 | TotalOtherProgSrvcRevenueAmt |
| Total Program Service Expenses | $43,317,267 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (1) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (1) | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Lobbying Activities | 0 | LobbyingActivitiesInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Temp Or Permanent Endowments | Yes (1) | TempOrPermanentEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | Yes (1) | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | 0 | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (1) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (1) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (1) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | 0 | ConsolidatedAuditFinclStmtInd |
| School Operating | Yes (1) | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | Yes (1) | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | Yes (1) | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Grants To Individuals | Yes (1) | GrantsToIndividualsInd |
| Schedule J Required | Yes (1) | ScheduleJRequiredInd |
| Tax Exempt Bonds | Yes (1) | TaxExemptBondsInd |
| Invest Tax Exempt Bonds | 0 | InvestTaxExemptBondsInd |
| Escrow Account | 0 | EscrowAccountInd |
| On Behalf Of Issuer | 0 | OnBehalfOfIssuerInd |
| Engaged In Excess Benefit Trans | 0 | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | 0 | PYExcessBenefitTransInd |
| Loan Outstanding | Yes (1) | LoanOutstandingInd |
| Grant To Related Person | Yes (1) | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With Officer Ent | 0 | BusinessRlnWithOfficerEntInd |
| Deductible Non Cash Contri | Yes (1) | DeductibleNonCashContriInd |
| Deductible Art Contribution | Yes (1) | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | 0 | DisregardedEntityInd |
| Related Entity | Yes (1) | RelatedEntityInd |
| Related Organization Ctrl Ent | 0 | RelatedOrganizationCtrlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | 0 | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 183 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Employee | 767 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | 0 | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | Yes (1) | QuidProQuoContributionsInd |
| Quid Pro Quo Contri Discl | Yes (1) | QuidProQuoContriDisclInd |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Form1098 C Filed | Yes (1) | Form1098CFiledInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 29 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 28 | IndependentVotingMemberCnt |
| Family Or Business Rln | 0 | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | 0 | MembersOrStockholdersInd |
| Election Of Board Members | 0 | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | 0 | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | 0 | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (1) | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | PHYLLIS PALMIERO VP OF FINANCE AND ADMINISTRATION | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 8047419754 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 103 NORTH MOORELAND ROAD | AddressLine1Txt |
| City | RICHMOND | CityNm |
| State Abbreviation | VA | StateAbbreviationCd |
| ZIP | 23229 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (38 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | OfficerOfficerInd | Key EmployeeKeyEmployeeInd | Highest Compensated EmployeeHighestCompensatedEmployeeInd |
|---|---|---|---|---|---|---|---|---|
| Richard L Bennett Jr | ||||||||
| Trustee | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| Michael G Bland | ||||||||
| Trustee | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| Mark A Christian | ||||||||
| Trustee | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| John G Davenport | ||||||||
| Trustee | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| Eucharia N Jackson | ||||||||
| Trustee | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| John W Martin | ||||||||
| Trustee | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| Malcolm S McDonald | ||||||||
| Trustee | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| Gaye C Montgomery | ||||||||
| Trustee | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| Frank F Mountcastle III | ||||||||
| Trustee | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| Jill B Mountcastle | ||||||||
| Trustee | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| Sheryl Robins Nolt | ||||||||
| Trustee | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| Joan Olmstead Oates | ||||||||
| Life Trustee | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| Judy Wagoner Pahren | ||||||||
| Trustee | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| Tracey A Ragsdale | ||||||||
| Trustee | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| Carter M Reid | ||||||||
| Trustee | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| CB Robertson III | ||||||||
| Life Trustee | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| Lisa E Roday | ||||||||
| Trustee | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| Marshall P Schutt | ||||||||
| Trustee | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| JOHN G STALLINGS | ||||||||
| TRUStee | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| L Mark Stepanian | ||||||||
| Trustee | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| Wallace Stettinius | ||||||||
| Life Trustee | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| Brude D Stoever | ||||||||
| Trustee | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| Alfred I Stratford III | ||||||||
| Trustee | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| Robert S Ukrop | ||||||||
| Life Trustee | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| Michelle P Wiltshire | ||||||||
| Trustee | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| John L Walker III | ||||||||
| Trustee | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| John D O'Neill Jr | ||||||||
| Chairman of the Board | 2.00 | Yes (X) | $0 | $0 | $0 | Yes (X) | ||
| PAUL D KOONCE | ||||||||
| Vice Chairman of the Board | 2.00 | Yes (X) | $0 | $0 | $0 | Yes (X) | ||
| Stephen Hickman | ||||||||
| President/Head of School | 40.00 | Yes (X) | $428,238 | $0 | $59,862 | Yes (X) | ||
| stephen hickman | ||||||||
| Deferred compensation payment | 40.00 | Yes (X) | $94,500 | $0 | $0 | Yes (X) | ||
| Phyllis Palmiero | ||||||||
| VP-Finance, Treasurer | 40.00 | $240,006 | $0 | $53,139 | Yes (X) | |||
| Susan C Wiley | ||||||||
| Secretary | 40.00 | $74,139 | $0 | $26,741 | Yes (X) | |||
| AMANDA L SURGNER | ||||||||
| VP-Advancement | 40.00 | $191,256 | $0 | $43,537 | Yes (X) | |||
| Charles L Blair JR | ||||||||
| Head of Middle School | 40.00 | $151,567 | $0 | $37,174 | Yes (X) | |||
| Karen Doxey | ||||||||
| Director-Athletics | 40.00 | $125,105 | $0 | $24,473 | Yes (X) | |||
| Andrew Stanley | ||||||||
| Associate Director - Athletics | 40.00 | $125,961 | $0 | $55,613 | Yes (X) | |||
| Jamie Britto | ||||||||
| Highly Compensated Employee | 40.00 | $124,260 | $0 | $41,819 | Yes (X) | |||
| Scott Carson | ||||||||
| Highly Compensated Employee | 40.00 | $123,065 | $0 | $35,251 | Yes (X) | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $1,678,097 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $377,609 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 9 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (3 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| ALADDIN FOOD MANAGEMENT INC | |||||
| 21 ARMORY DR | WHEELING | WV | 26003 | FOOD SERVICE | $1,035,646 |
| TYMOFF & MOSS ARCHITECTS PC | |||||
| 512 BOTETOURT ST | NORFOLK | VA | 23510 | DESIGN SERVICES | $349,083 |
| DAIKIN APPLIED | |||||
| 13600 MINNEAPOLIS PARK BLVD | MINNEAPOLIS | MN | 55441 | MECHANICAL SERVICES | $138,905 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 3 | CntrctRcvdGreaterThan100KCnt |
| Fundraising | $296,292 | FundraisingAmt |
| Related Organizations | $18,000 | RelatedOrganizationsAmt |
| All Other Contributions | $5,953,607 | AllOtherContributionsAmt |
| Noncash Contributions | $295,640 | NoncashContributionsAmt |
| Total Contributions | $6,267,899 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (5 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| TUITION & FEES | 900099 | $37,162,209 | $37,162,209 |
| FOOD SERVICE | 900099 | $1,396,869 | $1,396,869 |
| SUMMER PROGRAMS | 900099 | $853,353 | $853,353 |
| CHILD CARE | 900099 | $647,301 | $647,301 |
| PRIVATE MUSIC LESSONS | 900099 | $278,108 | $278,108 |
Total Oth Program Service Rev TotalOthProgramServiceRevGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $1,364,794 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $1,348,322 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $16,472 | UnrelatedBusinessRevenueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $41,702,634 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $848,149 | TotalRevenueColumnAmt |
| Unrelated Business Revenue | -$94,977 | UnrelatedBusinessRevenueAmt |
| Exclusion | $943,126 | ExclusionAmt |
Gross Rents GrossRentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $94,620 | RealAmt |
Less Rental Expenses LessRentalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $37,949 | RealAmt |
Rental Income Or Loss RentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $56,671 | RealAmt |
Net Rental Income Or Loss NetRentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $56,671 | TotalRevenueColumnAmt |
| Exclusion | $56,671 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $12,705,154 | SecuritiesAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $12,430,148 | SecuritiesAmt |
| Other | $319,927 | OtherAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $275,006 | SecuritiesAmt |
| Other | -$319,927 | OtherAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -$44,921 | TotalRevenueColumnAmt |
| Unrelated Business Revenue | $67,512 | UnrelatedBusinessRevenueAmt |
| Exclusion | -$112,433 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Fundraising Gross Income | $372,190 | FundraisingGrossIncomeAmt |
| Contri Rpt Fundraising Event | $296,292 | ContriRptFundraisingEventAmt |
| Fundraising Direct Expenses | $423,381 | FundraisingDirectExpensesAmt |
Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -$51,191 | TotalRevenueColumnAmt |
| Exclusion | -$51,191 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gaming Gross Income | $14,236 | GamingGrossIncomeAmt |
| Gaming Direct Expenses | $127 | GamingDirectExpensesAmt |
Net Income From Gaming NetIncomeFromGamingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $14,109 | TotalRevenueColumnAmt |
| Exclusion | $14,109 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Sales Of Inventory | $319,641 | GrossSalesOfInventoryAmt |
| Cost Of Goods Sold | $396,095 | CostOfGoodsSoldAmt |
Net Income Or Loss NetIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -$76,454 | TotalRevenueColumnAmt |
| Exclusion | -$76,454 | ExclusionAmt |
Other Revenue Misc OtherRevenueMiscGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | OTHER REVENUE | Desc |
| Business | 900099 | BusinessCd |
| Total Revenue Column | $72,164 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $72,164 | RelatedOrExemptFuncIncomeAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $72,164 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $48,789,060 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $41,758,326 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | -$10,993 | UnrelatedBusinessRevenueAmt |
| Exclusion | $773,828 | ExclusionAmt |
Grants To Domestic Individuals GrantsToDomesticIndividualsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,459,699 | TotalAmt |
| Program Services | $3,459,699 | ProgramServicesAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,287,723 | TotalAmt |
| Management And General | $1,148,141 | ManagementAndGeneralAmt |
| Fundraising | $139,582 | FundraisingAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $18,215,423 | TotalAmt |
| Program Services | $16,284,108 | ProgramServicesAmt |
| Management And General | $1,354,994 | ManagementAndGeneralAmt |
| Fundraising | $576,321 | FundraisingAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,407,167 | TotalAmt |
| Program Services | $1,246,768 | ProgramServicesAmt |
| Management And General | $109,445 | ManagementAndGeneralAmt |
| Fundraising | $50,954 | FundraisingAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,544,050 | TotalAmt |
| Program Services | $4,011,654 | ProgramServicesAmt |
| Management And General | $369,440 | ManagementAndGeneralAmt |
| Fundraising | $162,956 | FundraisingAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,342,284 | TotalAmt |
| Program Services | $1,196,508 | ProgramServicesAmt |
| Management And General | $104,251 | ManagementAndGeneralAmt |
| Fundraising | $41,525 | FundraisingAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $46,261 | TotalAmt |
| Program Services | $1,919 | ProgramServicesAmt |
| Management And General | $44,342 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $67,753 | TotalAmt |
| Management And General | $67,753 | ManagementAndGeneralAmt |
Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $792,020 | TotalAmt |
| Program Services | $792,020 | ProgramServicesAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,203,891 | TotalAmt |
| Program Services | $1,553,913 | ProgramServicesAmt |
| Management And General | $605,378 | ManagementAndGeneralAmt |
| Fundraising | $44,600 | FundraisingAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,261,906 | TotalAmt |
| Program Services | $1,741,245 | ProgramServicesAmt |
| Management And General | $281,189 | ManagementAndGeneralAmt |
| Fundraising | $239,472 | FundraisingAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $969,476 | TotalAmt |
| Program Services | $790,386 | ProgramServicesAmt |
| Management And General | $174,512 | ManagementAndGeneralAmt |
| Fundraising | $4,578 | FundraisingAmt |
Royalties RoyaltiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $7,392 | TotalAmt |
| Program Services | $7,392 | ProgramServicesAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $296,029 | TotalAmt |
| Program Services | $230,960 | ProgramServicesAmt |
| Management And General | $43,723 | ManagementAndGeneralAmt |
| Fundraising | $21,346 | FundraisingAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $169,571 | TotalAmt |
| Program Services | $141,930 | ProgramServicesAmt |
| Management And General | $14,065 | ManagementAndGeneralAmt |
| Fundraising | $13,576 | FundraisingAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,377,374 | TotalAmt |
| Program Services | $1,333,973 | ProgramServicesAmt |
| Management And General | $39,441 | ManagementAndGeneralAmt |
| Fundraising | $3,960 | FundraisingAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $5,746,058 | TotalAmt |
| Program Services | $5,574,693 | ProgramServicesAmt |
| Management And General | $133,347 | ManagementAndGeneralAmt |
| Fundraising | $38,018 | FundraisingAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $180,263 | TotalAmt |
| Program Services | $2,539 | ProgramServicesAmt |
| Management And General | $177,724 | ManagementAndGeneralAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt | FundraisingFundraisingAmt |
|---|---|---|---|---|
| PLANT ALLOCATION | $4,473,014 | $4,336,649 | $106,112 | $30,253 |
| FIELD TRIP EXPENSE | $445,964 | $445,964 | ||
| DUES & SUBSCRIPTIONS | $118,876 | $83,701 | $29,992 | $5,183 |
| FASB 158 ADJUSTMENT | $18,617 | $18,617 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $258,912 | TotalAmt |
| Program Services | $81,246 | ProgramServicesAmt |
| Management And General | $175,474 | ManagementAndGeneralAmt |
| Fundraising | $2,192 | FundraisingAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $49,689,723 | TotalAmt |
| Program Services | $43,317,267 | ProgramServicesAmt |
| Management And General | $4,997,940 | ManagementAndGeneralAmt |
| Fundraising | $1,374,516 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $13,861,591 | BOYAmt |
| EOY | $4,074,361 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,457,676 | BOYAmt |
| EOY | $7,063,203 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $14,874,978 | BOYAmt |
| EOY | $15,885,815 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $219,540 | BOYAmt |
| EOY | $258,621 | EOYAmt |
Receivables From Officers Etc ReceivablesFromOfficersEtcGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $250,000 | BOYAmt |
| EOY | $240,209 | EOYAmt |
Inventories For Sale Or Use InventoriesForSaleOrUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $140,186 | BOYAmt |
| EOY | $97,789 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $721,438 | BOYAmt |
| EOY | $641,851 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $122,142,149 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $56,694,469 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $66,264,197 | BOYAmt |
| EOY | $65,447,680 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $13,807,084 | BOYAmt |
| EOY | $30,169,661 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $36,442,818 | BOYAmt |
| EOY | $28,873,253 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $6,775,322 | BOYAmt |
| EOY | $2,166,068 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $158,814,830 | BOYAmt |
| EOY | $154,918,511 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,899,169 | BOYAmt |
| EOY | $4,201,508 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,763,436 | BOYAmt |
| EOY | $2,775,636 | EOYAmt |
Tax Exempt Bond Liabilities TaxExemptBondLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $36,276,046 | BOYAmt |
| EOY | $35,047,792 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $950,000 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,890,387 | BOYAmt |
| EOY | $4,536,280 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $47,829,038 | BOYAmt |
| EOY | $47,511,216 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows SFAS117 | Yes (X) | OrganizationFollowsSFAS117Ind |
Unrestricted Net Assets UnrestrictedNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $64,955,508 | BOYAmt |
| EOY | $68,590,652 | EOYAmt |
Temporarily Rstr Net Assets TemporarilyRstrNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $24,850,932 | BOYAmt |
| EOY | $17,265,526 | EOYAmt |
Permanently Rstr Net Assets PermanentlyRstrNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $21,179,352 | BOYAmt |
| EOY | $21,551,117 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $110,985,792 | BOYAmt |
| EOY | $107,407,295 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $158,814,830 | BOYAmt |
| EOY | $154,918,511 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | -$900,663 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | -$2,972,831 | NetUnrlzdGainsLossesInvstAmt |
| Other Changes In Net Assets | $294,997 | OtherChangesInNetAssetsAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Separate Basis Fincl Stmt | Yes (X) | SeparateBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequiredInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| School | Yes (X) | SchoolInd |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule D IRS990ScheduleD
CY Endwmt Fund CYEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $58,933,927 | BeginningYearBalanceAmt |
| Contributions | $1,807,537 | ContributionsAmt |
| Investment Earnings Or Losses | -$3,040,206 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $772 | GrantsOrScholarshipsAmt |
| Other Expenditures | $4,033,949 | OtherExpendituresAmt |
| End Year Balance | $53,666,537 | EndYearBalanceAmt |
CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $58,455,537 | BeginningYearBalanceAmt |
| Contributions | $1,793,534 | ContributionsAmt |
| Investment Earnings Or Losses | $2,574,550 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $401,571 | GrantsOrScholarshipsAmt |
| Other Expenditures | $3,488,123 | OtherExpendituresAmt |
| End Year Balance | $58,933,927 | EndYearBalanceAmt |
CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $50,569,343 | BeginningYearBalanceAmt |
| Contributions | $2,815,028 | ContributionsAmt |
| Investment Earnings Or Losses | $8,846,845 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $369,020 | GrantsOrScholarshipsAmt |
| Other Expenditures | $3,406,659 | OtherExpendituresAmt |
| End Year Balance | $58,455,537 | EndYearBalanceAmt |
CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $45,533,300 | BeginningYearBalanceAmt |
| Contributions | $2,987,827 | ContributionsAmt |
| Investment Earnings Or Losses | $5,499,922 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $314,873 | GrantsOrScholarshipsAmt |
| Other Expenditures | $3,136,833 | OtherExpendituresAmt |
| End Year Balance | $50,569,343 | EndYearBalanceAmt |
CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $39,495,501 | BeginningYearBalanceAmt |
| Contributions | $7,942,213 | ContributionsAmt |
| Investment Earnings Or Losses | $802,052 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $342,186 | GrantsOrScholarshipsAmt |
| Other Expenditures | $2,364,280 | OtherExpendituresAmt |
| End Year Balance | $45,533,300 | EndYearBalanceAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated Balance EOY | 0.34390 | BoardDesignatedBalanceEOYPct |
| Prmnnt Endowment Balance EOY | 0.39480 | PrmnntEndowmentBalanceEOYPct |
| Term Endowment Balance EOY | 0.26130 | TermEndowmentBalanceEOYPct |
| Endowments Held Unrelated Org | 0 | EndowmentsHeldUnrelatedOrgInd |
| Endowments Held Related Org | 0 | EndowmentsHeldRelatedOrgInd |
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | $877,900 | InvestmentCostOrOtherBasisAmt |
| Other Cost Or Other Basis | $3,697,128 | OtherCostOrOtherBasisAmt |
| Book Value | $4,575,028 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $77,821,299 | OtherCostOrOtherBasisAmt |
| Depreciation | $30,745,991 | DepreciationAmt |
| Book Value | $47,075,308 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $11,743,405 | OtherCostOrOtherBasisAmt |
| Depreciation | $9,422,926 | DepreciationAmt |
| Book Value | $2,320,479 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $28,002,417 | OtherCostOrOtherBasisAmt |
| Depreciation | $16,525,552 | DepreciationAmt |
| Book Value | $11,476,865 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $65,447,680 | TotalBookValueLandBuildingsAmt |
Other Securities OtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | FUND OF FUNDS | Desc |
| Book Value | $28,873,253 | BookValueAmt |
| Method Valuation | F | MethodValuationCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Securities | $28,873,253 | TotalBookValueSecuritiesAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (4 entries)
| DescDesc | AmtAmt |
|---|---|
| ACCRUED POST RETIREMENT MEDICAL | $3,960,200 |
| annUITIES PAYABLE | $204,492 |
| ACCRUED INTEREST PAYABLE | $277,655 |
| FAS 143 LIABILITY | $93,933 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $4,536,280 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $42,229,377 | TotalRevEtcAuditedFinclStmtAmt |
| Net Unrealized Gains Invst | -$2,972,831 | NetUnrealizedGainsInvstAmt |
| Other Revenue | -$3,164,702 | OtherRevenueAmt |
| Revenue Not Reported | -$6,137,533 | RevenueNotReportedAmt |
| Revenue Subtotal | $48,366,910 | RevenueSubtotalAmt |
| Investment Expenses Not Incld | $792,020 | InvestmentExpensesNotIncldAmt |
| Other Revenues Not Included | -$369,870 | OtherRevenuesNotIncludedAmt |
| Revenue Not Reported Fincl Stmt | $422,150 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $48,789,060 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $45,656,124 | TotExpnsEtcAuditedFinclStmtAmt |
| Other Expenses Included | $665,508 | OtherExpensesIncludedAmt |
| Expenses Not Reported | $665,508 | ExpensesNotReportedAmt |
| Expenses Subtotal | $44,990,616 | ExpensesSubtotalAmt |
| Investment Expenses Not Incld2 | $792,020 | InvestmentExpensesNotIncld2Amt |
| Other Expenses Not Included | $3,907,087 | OtherExpensesNotIncludedAmt |
| Expenses Not Rpt Fincl Stmt | $4,699,107 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $49,689,723 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (6 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Part V, Line 4: | THE COLLEGIATE SCHOOL'S ENDOWMENT (THE ENDOWMENT) CONSISTS OF 160 INDIVIDUAL ENDOWMENTS, OF WHICH 65% ARE TRUE ENDOWMENTS and 35% ARE RESTRICTED AND BOARD-DESIGNATED QUASI-ENDOWMENTS. OF THE TRUE ENDOWMENTS, 60% REPRESENTS FUNDS RESTRICTED FOR FACULTY AND PROGRAM DEVELOPMENT, 31% REPRESENTS FUNDS RESTRICTED FOR FINANCIAL AID, AND 9% ARE RESTRICTED FOR ECONOMIC EDUCATION. IT IS THE SCHOOL'S INTENTION THAT THESE FUNDS ARE TO BE USED TO SUPPORT THESE SPECIFIC PURPOSES IN PERPETUITY AND SPENDING IS LIMITED TO THE ANNUAL BOARD-APPROVED SPEND RATE OF 4%. IN ADDITION, THE SCHOOL'S ENDOWMENT CONTAINS AN UNRESTRICTED QUASI-ENDOWMENT FUND THAT ACCOUNTS FOR 33% OF THE TOTAL ENDOWMENT MARKET VALUE AT JUNE 30, 2016. THE QUASI-ENDOWMENT IS AVAILABLE TO BE USED AT THE DISCRETION OF THE BOARD, INCLUDING, AND WITHOUT LIMITATION, TO PAY CAPITAL IMPROVEMENT PROJECT COSTS AND DEBT SERVICE (BOTH CURRENT AND FUTURE) PAYMENTS. |
| Part X, Line 2: | The School is exempt from federal income tax and applicable state statutes under the provisions of Section 510(c)(3) of the Internal Revenue Code ("IRC"). In accordance with IRC regulations, the School is taxed on unrelated business income, which consists of earnings from activities not related to the exempt purpose of the School. The School accounts for tax uncertainties based on a more likely than not recognition threshold whereby tax benefits are only recognized when the School believes that they have a greater than 50% likelihood of being sustained upon examination by taxing authorities. Management has evaluated all its tax positions and determined that the School had no uncertain tax positions as of June 30, 2016. |
| PART V, LINE 1B: | ENDOWMENT CONTRIBUTIONS ARE COMPOSED OF CONTRIBUTIONS AND TRANSFERS. ENDOWMENT CONTRIBUTIONS TOTALED $612,183 FOR THE FISCAL YEAR. ENDOWMENT TRANSFERS TOTALED $1,200,000. This amount WAS TRANSFERRED INTO THE UNRESTRICTED QUASI-ENDOWMENTS, FOR WHICH THE BOARD MAY USE AT ITS DISCRETION. THE BOARD HAS CURRENTLY EARMARKED THE FUNDS TO SUPPORT, AMONG OTHER USES, DEBT SERVICE ON ITS BONDS. |
| PART XI, LINE 2D: | OTHER INCLUDES FINANCIAL AID NETTED WITH TUITION REVENUE ON FINANCAL STATEMENTS OF ($3,459,699). |
| PART XI, LINE 4B: | OTHER INCLUDES NET AGENCY REVENUE OF $729,682, RENTAL EXPENSE OF ($37,949) AND COST OF GOODS SOLD OF ($396,095). |
| PART XII, LINE 4B: | OTHER INCLUDES NET AGENCY EXPENSES OF $881,431, RENTAL EXPENSES OF ($37,949) AND COST OF GOODS SOLD OF ($396,095). IT ALSO INCLUDES FINANCIAL AID NETTED WITH TUITION REVENUE ON THE FINANCIAL STATEMENT OF $3,459,700. |
Schedule E IRS990ScheduleE
| Field | Value | IRS element (for citing) |
|---|---|---|
| Nondiscriminatory Policy Stmt | Yes (1) | NondiscriminatoryPolicyStmtInd |
| Policy Stmt In Brochures Etc | Yes (1) | PolicyStmtInBrochuresEtcInd |
| Plcy Pblczd Via Broadcast Media | Yes (1) | PlcyPblczdViaBroadcastMediaInd |
| Maintain Racial Comp Recs | Yes (1) | MaintainRacialCompRecsInd |
| Maintain Scholarships Recs | Yes (1) | MaintainScholarshipsRecsInd |
| Maintain Cpy Of Brochures Etc | Yes (1) | MaintainCpyOfBrochuresEtcInd |
| Maintain Cpy Of All Sol | Yes (1) | MaintainCpyOfAllSolInd |
| Discriminate Race Stdnts Rghts | 0 | DiscriminateRaceStdntsRghtsInd |
| Discriminate Race Admiss Plcy | 0 | DiscriminateRaceAdmissPlcyInd |
| Discriminate Race Emplm Fculty | 0 | DiscriminateRaceEmplmFcultyInd |
| Discriminate Race Schs | 0 | DiscriminateRaceSchsInd |
| Discriminate Race Educ Plcy | 0 | DiscriminateRaceEducPlcyInd |
| Discriminate Race Use Of Fclts | 0 | DiscriminateRaceUseOfFcltsInd |
| Discriminate Race Athlt Prog | 0 | DiscriminateRaceAthltProgInd |
| Discriminate Race Other Acty | 0 | DiscriminateRaceOtherActyInd |
| Government Financial Aid Rcvd | 0 | GovernmentFinancialAidRcvdInd |
| Government Financial Aid Rvkd | 0 | GovernmentFinancialAidRvkdInd |
| Compliance With Rev Proc7550 | Yes (1) | ComplianceWithRevProc7550Ind |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Schedule E, Part I, Line 3 | FormAndLineReferenceDesc |
| Explanation | Every print advertisement Collegiate School places in magazines, newspapers, program books, etc. includes the School's nondiscriminatory policy. | ExplanationTxt |
Schedule F IRS990ScheduleF
Account Activities Outside US AccountActivitiesOutsideUSGrp (7 entries)
| RegionRegionTxt | OfficesOfficesCnt | EmployeeEmployeeCnt | Type Of Activities ConductedTypeOfActivitiesConductedTxt | Specific Services ProvidedSpecificServicesProvidedTxt | Region Total ExpendituresRegionTotalExpendituresAmt |
|---|---|---|---|---|---|
| Central America and the Caribbean - Antigua & Barbuda, Aruba, Bahamas, | 0 | 0 | PROGRAM SERVICES | INTERNATIONAL STUDY | $56,336 |
| East Asia and the Pacific - Australia, Brunei, Burma, Cambodia, | 0 | 0 | PROGRAM SERVICES | INTERNATIONAL STUDY | $24,712 |
| Europe (Including Iceland & Greenland) - Albania, Andorra, Austria, Belgium | 0 | 0 | PROGRAM SERVICES | INTERNATIONAL STUDY | $121,969 |
| North America - Canada and Mexico, but but not the United States | 0 | 0 | PROGRAM SERVICES | INTERNATIONAL STUDY | $5,552 |
| Sub-Saharan Africa - Angola, Benin, Botswana, Burkina, Faso, | 0 | 0 | PROGRAM SERVICEs | INTERNATIONAL STUDY | $12,731 |
| Sub-Saharan Africa - Angola, Benin, Botswana, Burkina, Faso, | 0 | 0 | program services | grants and assistance | $7,318 |
| Middle East and North Africa | 0 | 0 | Program Services | INTERNATIONAL STUDY | $21,265 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Subtotal Offices | 0 | SubtotalOfficesCnt |
| Subtotal Employees | 0 | SubtotalEmployeesCnt |
| Continutation Total Office | 0 | ContinutationTotalOfficeCnt |
| Continutation Total Employee | 0 | ContinutationTotalEmployeeCnt |
| Total Office | 0 | TotalOfficeCnt |
| Total Employee | 0 | TotalEmployeeCnt |
| Subtotal Spent | $249,883 | SubtotalSpentAmt |
| Continuation Spent | $0 | ContinuationSpentAmt |
| Total Spent | $249,883 | TotalSpentAmt |
| Transfer To Foreign Corp | Yes (1) | TransferToForeignCorpInd |
| Interest In Foreign Trust | 0 | InterestInForeignTrustInd |
| Foreign Corp Ownership | 0 | ForeignCorpOwnershipInd |
| Passive Foreign Investmest Co | 0 | PassiveForeignInvestmestCoInd |
| Foreign Partnership | 0 | ForeignPartnershipInd |
| Boycott Countries | 0 | BoycottCountriesInd |
Schedule G IRS990ScheduleG
Fundraising Event Information FundraisingEventInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Event1 | AUCTION | Event1Nm |
| Gross Receipts Event1 | $411,539 | GrossReceiptsEvent1Amt |
| Charitable Contri Event1 | $265,157 | CharitableContriEvent1Amt |
| Gross Revenue Event1 | $146,382 | GrossRevenueEvent1Amt |
| Rent Facility Costs Event1 | $4,500 | RentFacilityCostsEvent1Amt |
| Food And Beverage Event1 | $20,763 | FoodAndBeverageEvent1Amt |
| Entertainment Event1 | $7,375 | EntertainmentEvent1Amt |
| Other Direct Expenses Event1 | $252,107 | OtherDirectExpensesEvent1Amt |
| Event2 | FAIR | Event2Nm |
| Gross Receipts Event2 | $134,074 | GrossReceiptsEvent2Amt |
| Charitable Contri Event2 | $23,039 | CharitableContriEvent2Amt |
| Gross Revenue Event2 | $111,035 | GrossRevenueEvent2Amt |
| Other Direct Expenses Event2 | $55,563 | OtherDirectExpensesEvent2Amt |
| Other Events Total | 13 | OtherEventsTotalCnt |
| Gross Receipts Other Events | $122,869 | GrossReceiptsOtherEventsAmt |
| Charitable Contri Other Events | $8,096 | CharitableContriOtherEventsAmt |
| Gross Revenue Other Events | $114,773 | GrossRevenueOtherEventsAmt |
| Oth Direct Expnss Other Events | $83,073 | OthDirectExpnssOtherEventsAmt |
| Gross Receipts Total | $668,482 | GrossReceiptsTotalAmt |
| Charitable Contributions Tot | $296,292 | CharitableContributionsTotAmt |
| Gross Revenue Total Events | $372,190 | GrossRevenueTotalEventsAmt |
| Rent Fclty Costs Total Events | $4,500 | RentFcltyCostsTotalEventsAmt |
| Food And Beverage Total Events | $20,763 | FoodAndBeverageTotalEventsAmt |
| Entertainment Total Events | $7,375 | EntertainmentTotalEventsAmt |
| Oth Direct Expnss Total Events | $390,743 | OthDirectExpnssTotalEventsAmt |
| Direct Expense Summary Events | $423,381 | DirectExpenseSummaryEventsAmt |
| Net Income Summary | -$51,191 | NetIncomeSummaryAmt |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (1) | GrantRecordsMaintainedInd |
Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Type | NEED-BASED FINANCIAL AID | GrantTypeTxt |
| Recipient | 266 | RecipientCnt |
| Non Cash Assistance | $3,459,699 | NonCashAssistanceAmt |
| Valuation Method Used | BOOK | ValuationMethodUsedDesc |
| Non Cash Assistance | TUITION, FEES, Books, ETC. | NonCashAssistanceDesc |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Part I, Line 2: | FormAndLineReferenceDesc |
| Explanation | ALTHOUGH THE SCHOOL DOES NOT PROVIDE GRANTS IN THE TRADITIONAL SENSE, the school does PROVIDE NEED-BASED FINANCIAL AID TO FAMILIES WHO QUALIFY. FAMILIES REQUESTING SCHOLARSHIPS MUST ANNUALLY SUBMIT A PARENTS' FINANCIAL STATEMENT TO THE SCHOOL AND STUDENT SERVICE FOR FINANCIAL AID (SSS) ALONG WITH SUPPORTING DOCUMENTS (E.G. TAX RETURNS, W-2S). THIS FORM REQUESTS INFORMATION SUCH AS INCOME, EXPENSES, ASSETS, LIABILITIES AND NUMBER OF CHILDREN IN THE FAMILY. THE SSS EVALUATES THE FAMILY'S FINANCIAL NEED AND DETERMINES AN EXPECTED FAMILY CONTRIBUTION. THE SSS REPORT IS RECEIVED BY THE SCHOOL AND REVIEWED BY THE FINANCIAL AID COMMITTEE. THE SCHOOL AWARDS SCHOLARSHIPS BASED ON NEED. THE SCHOOL APPLIES THE AWARDS TOWARD THE TUITION FOR THAT SCHOOL YEAR. | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Idemnification Gross Up Pmts | Yes (X) | IdemnificationGrossUpPmtsInd |
| Housing Allowance Or Residence | Yes (X) | HousingAllowanceOrResidenceInd |
| Written Policy Ref T And E Expnss | Yes (1) | WrittenPolicyRefTAndEExpnssInd |
| Substantiation Required | Yes (1) | SubstantiationRequiredInd |
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | 0 | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | 0 | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | 0 | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | 0 | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | 0 | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | 0 | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | 0 | AnyNonFixedPaymentsInd |
| Initial Contract Exception | 0 | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (8 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Stephen Hickman | ||||||||||||||
| President/Head of School | $416,365 | $0 | $0 | $0 | $11,873 | $0 | $36,550 | $0 | $23,312 | $0 | $488,100 | $0 | $0 | $0 |
| stephen hickman | ||||||||||||||
| Deferred compensation payment | $94,500 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $94,500 | $0 | $0 | $0 |
| Phyllis Palmiero | ||||||||||||||
| VP-Finance, Treasurer | $227,012 | $0 | $0 | $0 | $12,994 | $0 | $16,713 | $0 | $36,426 | $0 | $293,145 | $0 | $0 | $0 |
| AMANDA L SURGNER | ||||||||||||||
| VP-Advancement | $191,217 | $0 | $0 | $0 | $39 | $0 | $19,000 | $0 | $24,537 | $0 | $234,793 | $0 | $0 | $0 |
| Charles L Blair JR | ||||||||||||||
| Head of Middle School | $140,771 | $0 | $0 | $0 | $10,796 | $0 | $15,985 | $0 | $21,189 | $0 | $188,741 | $0 | $0 | $0 |
| Andrew Stanley | ||||||||||||||
| Associate Director - Athletics | $116,469 | $0 | $0 | $0 | $9,492 | $0 | $10,455 | $0 | $45,158 | $0 | $181,574 | $0 | $0 | $0 |
| Jamie Britto | ||||||||||||||
| Highly Compensated Employee | $117,317 | $0 | $0 | $0 | $6,943 | $0 | $8,614 | $0 | $33,205 | $0 | $166,079 | $0 | $0 | $0 |
| Scott Carson | ||||||||||||||
| Highly Compensated Employee | $107,718 | $0 | $0 | $0 | $15,347 | $0 | $8,421 | $0 | $26,830 | $0 | $158,316 | $0 | $0 | $0 |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Part I, Line 1a | THE HEAD OF SCHOOL RECEIVES CERTAIN ADDITIONAL BENEFITS THAT ARE TYPICAL COMPONENTS OF AN EXECUTIVE LEVEL COMPENSATION PACKAGE AMONG INDEPENDENT SCHOOLS. THESE BENEFITS PRIMARILY INCLUDE A HOUSING ALLOWANCE AND AN AMOUNT THAT REPRESENTS ADDITIONAL RETIREMENT CONTRIBUTIONS WHICH ARE GROSSED UP TO PROVIDE FOR THE TAX LIABILITY ASSOCIATED WITH THEM. Nationally and locally, many Heads of Schools are provided a home on campus, when one exists. When one does not exist on campus, as is the case at Collegiate School, it is customary to provide a housing allowance to the Head of School because his home is used throughout the year for school related functions. |
| Part I, Line 3 | THE COMPENSATION COMMITTEE REVIEWS THE INDEX (INDEPENDENT DATA EXCHANGE) REPORT ON THE SALARIES AND TOTAL COMPENSATION FOR THE HEADS OF SCHOOLS. THE INDEX BENCHMARKING GROUP CONSISTS OF APPROXIMATELY 50 K-12 CO-EDUCATIONAL DAY SCHOOLS ACROSS THE NATION WITH SIMILAR MISSIONS TO COLLEGIATE SCHOOL. THE COMMITTEE ALSO REVIEWS ANY OTHER COMPARISONS THAT MAY BE AVAILABLE AT THAT TIME. |
Schedule K IRS990ScheduleK
Tax Exempt Bonds Issues TaxExemptBondsIssuesGrp (3 entries)
| Bond ReferenceBondReferenceCd | Bond Issuer EINBondIssuerEIN | CUSIPCUSIPNum | Bond IssuedBondIssuedDt | Issue PriceIssuePriceAmt | PurposePurposeDesc | DefeasedDefeasedInd | On Behalf Of IssuerOnBehalfOfIssuerInd | Pool FinancingPoolFinancingInd |
|---|---|---|---|---|---|---|---|---|
| edA OF the County of Henrico | ||||||||
| A | 541197472 | 42605PCM5 | 2010-11-04 | $15,988,433 | SEE BELOW | 0 | 0 | 0 |
| EDA OF the County of Henrico | ||||||||
| B | 541197472 | 42605PDC6 | 2012-04-19 | $24,183,447 | SEE BELOW | 0 | 0 | 0 |
| edA OF the County of GOOCHLAND | ||||||||
| C | 541250286 | NONEAVAIL | 2012-04-27 | $848,750 | SEE BELOW | 0 | 0 | 0 |
Tax Exempt Bonds Proceeds TaxExemptBondsProceedsGrp (3 entries)
| Bond ReferenceBondReferenceCd | RetiredRetiredAmt | Total ProceedsTotalProceedsAmt | Issuance Costs From ProceedsIssuanceCostsFromProceedsAmt | Other Spent ProceedsOtherSpentProceedsAmt | Substantial CompletionSubstantialCompletionYr | Current RefundingCurrentRefundingInd | Advance RefundingAdvanceRefundingInd | Final Allocation MadeFinalAllocationMadeInd | Adequate Books And Rec MaintAdequateBooksAndRecMaintInd | Capital ExpendituresCapitalExpendituresAmt |
|---|---|---|---|---|---|---|---|---|---|---|
| A | $4,195,000 | $15,988,433 | $313,345 | $15,675,088 | 1999 | Yes (1) | 0 | Yes (1) | Yes (1) | |
| B | $600,000 | $24,228,100 | $433,186 | 2013 | 0 | 0 | Yes (1) | Yes (1) | $23,794,914 | |
| C | $485,000 | $848,750 | $848,750 | 1998 | Yes (1) | 0 | Yes (1) | Yes (1) |
Tax Exempt Bonds Private Bus Use TaxExemptBondsPrivateBusUseGrp (3 entries)
| Bond ReferenceBondReferenceCd | Owning Bond Financed PropertyOwningBondFinancedPropertyInd | Any Lease ArrangementsAnyLeaseArrangementsInd | Mgmt Contract Bond Fincd PropMgmtContractBondFincdPropInd | Any Research AgreementsAnyResearchAgreementsInd | Private Bus Use By OthersPrivateBusUseByOthersPct | Private Bus Concerning UBIPrivateBusConcerningUBIPct | Total Private Business UseTotalPrivateBusinessUsePct | Bond Iss Meet Prvt Sec Pymt TestBondIssMeetPrvtSecPymtTestInd | Change In Use Bond Financed PropChangeInUseBondFinancedPropInd | Procs Nonqualified Bond RemdtdProcsNonqualifiedBondRemdtdInd |
|---|---|---|---|---|---|---|---|---|---|---|
| A | 0 | 0 | 0 | 0 | 0.00000 | 0.00000 | 0.00000 | 0 | 0 | Yes (1) |
| B | 0 | 0 | 0 | 0 | 0.00000 | 0.00000 | 0.00000 | 0 | 0 | Yes (1) |
| C | 0 | 0 | 0 | 0 | 0.00000 | 0.00000 | 0.00000 | 0 | 0 | Yes (1) |
Tax Exempt Bonds Arbitrage TaxExemptBondsArbitrageGrp (3 entries)
| Bond ReferenceBondReferenceCd | Form8038 T FiledForm8038TFiledInd | Rebate Not Due YetRebateNotDueYetInd | Exception To RebateExceptionToRebateInd | No Rebate DueNoRebateDueInd | Variable Rate IssueVariableRateIssueInd | Hedge Identified In Bks And RecHedgeIdentifiedInBksAndRecInd | Gross Proceeds Invested In GICGrossProceedsInvestedInGICInd | Gross Proceeds InvestedGrossProceedsInvestedInd | Written Proc To Monitor ReqsWrittenProcToMonitorReqsInd |
|---|---|---|---|---|---|---|---|---|---|
| A | 0 | 0 | Yes (1) | Yes (1) | 0 | 0 | 0 | 0 | Yes (1) |
| B | 0 | 0 | Yes (1) | Yes (1) | 0 | 0 | 0 | 0 | Yes (1) |
| C | 0 | 0 | Yes (1) | Yes (1) | 0 | 0 | 0 | 0 | Yes (1) |
Procedures Corrective Action ProceduresCorrectiveActionGrp (3 entries)
| Bond ReferenceBondReferenceCd | Procedures Corrective ActionProceduresCorrectiveActionInd |
|---|---|
| A | Yes (1) |
| B | Yes (1) |
| C | Yes (1) |
Supplemental Information Detail SupplementalInformationDetail (5 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Date Rebate Computation Performed | Issuer Name: edA OF the County of Henrico Date the Rebate Computation was Performed: 03/14/2014 Issuer Name: EDA OF the County of Henrico Date the Rebate Computation was Performed: 03/27/2014 Issuer Name: edA OF the County of GOOCHLAND Date the Rebate Computation was Performed: 03/27/2014 |
| Sch K, Part I, LIne A, Col (F) | REFUND OUTSTANDING AMOUNT ON BOND ORIGINALLY ISSUED 12/30/1998 |
| Sch K, Part II, Line 3, Column (B) | The total proceeds of issue does not equal the issue price in Part I due to investment earnings on unspent bond proceeds. |
| Sch K, Part I, Line B, Col (F) | CAPITAL IMPROVEMENT PROJECTS SUCH AS BUILDINGS, EQUIPMENT, ROADS, PARKING AND SITE IMPROVEMENTS. |
| Sch K, Part I, LIne A, Col (F) | REFUND OUTSTANDING AMOUNT ON BOND ORIGINALLY ISSUED 12/30/1998 |
Schedule L IRS990ScheduleL
Loans Btwn Org Interested Prsn LoansBtwnOrgInterestedPrsnGrp (2 entries)
| Relationship With OrgRelationshipWithOrgTxt | Loan PurposeLoanPurposeTxt | Loan From OrganizationLoanFromOrganizationInd | Original PrincipalOriginalPrincipalAmt | Balance DueBalanceDueAmt | DefaultDefaultInd | Board Or Committee ApprovalBoardOrCommitteeApprovalInd | Written AgreementWrittenAgreementInd |
|---|---|---|---|---|---|---|---|
| Stephen Hickman | |||||||
| Head of School | Purchase of a home; apr 2.5%, balance due June 2019 | Yes (X) | $250,000 | $240,010 | 0 | Yes (1) | Yes (1) |
| Phyllis Palmiero | |||||||
| CFO | Computer Advance | Yes (X) | $1,194 | $199 | 0 | Yes (1) | Yes (1) |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Balance Due | $240,209 | TotalBalanceDueAmt |
Grnt Asst Bnft Interested Prsn GrntAsstBnftInterestedPrsnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash Grant | $36,465 | CashGrantAmt |
| Type Of Assistance | TUITION REMISSION (BASED ON SAME CRITERIA AS OTHER EMPLOYEES) | TypeOfAssistanceTxt |
| Assistance Purpose | TUITION ASSISTANCE | AssistancePurposeTxt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Schedule L, Part II, Computer Advance | FormAndLineReferenceDesc |
| Explanation | Per the school's faculty/staff handbook, collegiate school offers, as an employee benefit to all eligible employees, a personal computer purchase program allowing employees an interest free loan of up to one year to purchase computers. loan payments are deducted from the employee's paycheck. this policy is designed to encourage faculty and staff to have access to technology both in school and at home. this benefit is widely used among all employees throughout the school and is in line with the school's mission to create a community of learners. at june 30, 2016 there were 14 participants in the computer advance program with outstanding balances totalling $6,684. only 1 such participant is listed in part VII and reported accordingly on Schedule L, Part II. | ExplanationTxt |
Schedule M IRS990ScheduleM
Clothing And Household Goods ClothingAndHouseholdGoodsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Noncash Contributions Rpt F990 | $177,847 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | FAIR MARKET VALUE | MethodOfDeterminingRevenuesTxt |
Securities Publicly Traded SecuritiesPubliclyTradedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Contribution | 52 | ContributionCnt |
| Noncash Contributions Rpt F990 | $117,793 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | MEAN VALUE | MethodOfDeterminingRevenuesTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form8283 Received | 0 | Form8283ReceivedCnt |
| Any Property That Must Be Held | 0 | AnyPropertyThatMustBeHeldInd |
| Review Process Unusual NC Gifts | Yes (1) | ReviewProcessUnusualNCGiftsInd |
| Third Parties Used | 0 | ThirdPartiesUsedInd |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (5 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Form 990, Part VI, Section B, line 11 | FORM 990 IS REVIEWED BY THE SCHOOL'S SENIOR MANAGEMENT AS WELL AS THE SCHOOL'S INDEPENDENT ACCOUNTING FIRM CHERRY BEKAERT LLP. TO PROTECT DONOR PRIVACY, THE SCHOOL DOES NOT PROVIDE SCHEDULE B TO THE BOARD OF TRUSTEES. HOWEVER, A FULL PUBLIC DISCLOSURE COPY OF THE FORM 990 IS PROVIDED TO THE BOARD FOR ITS REVIEW BEFORE IT IS FILED. |
| Form 990, Part VI, Section B, line 12c | EACH YEAR, ALL OFFICERS, TRUSTEES, AND KEY EMPLOYEES ARE REQUIRED TO COMPLETE A CONFLICT OF INTEREST STATEMENT, NOTING ANY RELATIONSHIPS AND/OR CONFLICTS THEY HAVE WITH COLLEGIATE SCHOOL. BY SIGNING, THEY ACKNOWLEDGE THAT THEY HAVE RECEIVED A COPY OF THE SCHOOL'S CONFLICT OF INTEREST POLICY. THE STATEMENTS ARE KEPT ON FILE WITH BOTH THE BOARD SECRETARY AND THE BUSINESS OFFICE AND ARE REFERRED TO THROUGHOUT THE YEAR AS NEEDED. THE FOLLOWING IS AN EXCERPT FROM COLLEGIATE SCHOOL'S BOARD OF TRUSTEES CONFLICT OF INTEREST POLICY: "AN OFFICER, TRUSTEE OR STAFF MEMBER WHO HAS A CONFLICT OF INTEREST WILL NEITHER PARTICIPATE IN NOR EXERT HIS OR HER PERSONAL INFLUENCE WITH RESPECT TO THE MATTER OR BE PERMITTED TO HEAR THE BOARD'S OR COMMITTEE'S DISCUSSION OF THE MATTER EXCEPT TO DISCLOSE MATERIAL FACTS AND TO RESPOND TO QUESTIONS. IN THE EVENT THAT AN OFFICER, TRUSTEE, OR STAFF MEMBER DOES HAVE A CONFLICT OF INTEREST WITH RESPECT TO A MATTER, THEY WILL BE INELIGIBLE TO VOTE AND THIS WILL BE REFLECTED IN THE MINUTES." |
| Form 990, Part VI, Section B, line 15 | THE COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES, WHICH IS COMPRISED OF THE CURRENT AND PAST CHAIRS AND THE VICE-CHAIR, IS CHARGED WITH REVIEWING THE PERFORMANCE AND ESTABLISHING COMPENSATION LEVELS FOR THE HEAD OF SCHOOL. THE PROCESS BEGINS WITH A SET OF ANNUAL GOALS DEVELOPED BY THE HEAD OF SCHOOL AND THE FULL BOARD. TO BEGIN THE PERFORMANCE REVIEW DISCUSSION, THE COMMITTEE SOLICITS FEEDBACK FROM THE BOARD ON HOW WELL THOSE GOALS HAVE BEEN MET. IN ADDITION, THE COMMITTEE REVIEWS THE SELF-APPRAISAL PREPARED BY THE HEAD OF SCHOOL. AS PART OF ITS COMPENSATION CONSIDERATIONS, THE COMMITTEE REVIEWS THE INDEX (INDEPENDENT DATA EXCHANGE) REPORT ON THE SALARIES AND TOTAL COMPENSATION FOR THE HEADS OF SCHOOLS. THE INDEX BENCHMARKING GROUP CONSISTS OF APPROXIMATELY 50 K-12 CO-EDUCATIONAL DAY SCHOOLS ACROSS THE NATION WITH SIMILAR MISSIONS TO COLLEGIATE SCHOOL. THE COMMITTEE ALSO REVIEWS ANY OTHER COMPARISONS THAT MAY BE AVAILABLE AT THAT TIME. THE COMMITTEE'S PROCESS AND DECISIONS ARE COMMUNICATED TO THE VICE PRESIDENT OF FINANCE AND HUMAN RESOURCES MANAGER AND ARE DOCUMENTED IN THE FORM OF A MEMORANDUM TO THE FILE. With respect to the compensation of other key employees, the school uses national benchmarking data from approximately 50 like independent schools, including compensation surveys. The salaries are determined based on this data, in addition to job duties and responsibilities, expertise, and the market for those skills and expertise. |
| Form 990, Part VI, Section C, line 19 | THE SCHOOL MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. |
| Form 990, Part XI, line 9: | CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS 294,997. |
Schedule R IRS990ScheduleR
Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp
Disregarded Entity Name DisregardedEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Powell Economic Education Foundation | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 103 North Mooreland Road | AddressLine1Txt |
| City | RICHMOND | CityNm |
| State Abbreviation | VA | StateAbbreviationCd |
| ZIP | 23229 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 208565566 | EIN |
| Primary Activities | SUPPORTING ORGANIZATION | PrimaryActivitiesTxt |
| Legal Domicile State | VA | LegalDomicileStateCd |
| Exempt Code Section | 501(c)(3) | ExemptCodeSectionTxt |
| Public Charity Status | Line 11a, I | PublicCharityStatusTxt |
| Direct Controlling NA | N/A | DirectControllingNACd |
| Controlled Organization | 0 | ControlledOrganizationInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | 0 | ReceiptOfIntAnntsRntsRyltsInd |
| Gift Grnt Or Cap Contri To Oth Org | 0 | GiftGrntOrCapContriToOthOrgInd |
| Gift Grnt Cap Contri From Oth Org | Yes (1) | GiftGrntCapContriFromOthOrgInd |
| Loans Or Guarantees To Other Org | 0 | LoansOrGuaranteesToOtherOrgInd |
| Loans Or Guarantees From Oth Org | 0 | LoansOrGuaranteesFromOthOrgInd |
| Div Related Organization | 0 | DivRelatedOrganizationInd |
| Asset Sale To Other Org | 0 | AssetSaleToOtherOrgInd |
| Asset Purchase From Other Org | 0 | AssetPurchaseFromOtherOrgInd |
| Asset Exchange | 0 | AssetExchangeInd |
| Rental Of Facilities To Oth Org | 0 | RentalOfFacilitiesToOthOrgInd |
| Rental Of Fclts From Oth Org | 0 | RentalOfFcltsFromOthOrgInd |
| Perform Of Services For Oth Org | 0 | PerformOfServicesForOthOrgInd |
| Perform Of Services By Other Org | 0 | PerformOfServicesByOtherOrgInd |
| Sharing Of Facilities | 0 | SharingOfFacilitiesInd |
| Paid Employees Sharing | 0 | PaidEmployeesSharingInd |
| Reimbursement Paid To Other Org | 0 | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | 0 | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | 0 | TransferToOtherOrgInd |
| Transfer From Other Org | 0 | TransferFromOtherOrgInd |
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