Civic Intelligence

Browne Academy

990 • Fiscal year 2023 • EIN 23-2261841

Sep 01, 2022 to Aug 31, 2023 • Filed on May 21, 2024

Organization Profilewww.browneacademy.org

View Organization Page

5917 Telegraph RoadAlexandria, VA 22310

(703) 960-3000

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

84th percentile

0.70x

Higher debt load relative to assets than 84% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Liabilities / Revenue

76th percentile

0.80x

Higher debt load relative to revenue than 76% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Net Margin

61st percentile

9.0%

Higher net margin than 61% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Top Officer Pay

83rd percentile

$345,654

Higher top officer pay than 83% of similar nonprofits.

Top officer pay equals 3.5% of source-year revenue.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Asset Growth

55th percentile

7.5%

Faster asset growth than 55% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2022 to 2023

Revenue Growth

38th percentile

-0.2%

Faster revenue growth than 38% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets84th percentile

Assets

Up

$11,183,860

Up $777,659 (+7.5%) from 2022

Net Assets

Up

$3,385,933

Up $889,920 (+36%) from 2022

Liabilities

Down

$7,797,927

Down $112,261 (-1.4%) from 2022

Revenue And Expenses
Liabilities / Revenue76th percentileNet Margin61st percentile

Revenue

Down

$9,807,268

Down $17,014 (-0.2%) from 2022

Expenses

Down

$8,927,475

Down $268,823 (-2.9%) from 2022

Net Income

Up

$879,793

Up $251,809 (+40%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth55th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$15M$10M$5.0M$0Assets 2010: $13,345,463Liabilities 2010: $10,506,550Net Assets 2010: $2,838,9132010Assets 2011: $13,943,603Liabilities 2011: $11,319,544Net Assets 2011: $2,624,0592011Assets 2012: $13,593,220Liabilities 2012: $11,094,008Net Assets 2012: $2,499,2122012Assets 2013: $12,995,489Liabilities 2013: $10,022,086Net Assets 2013: $2,973,4032013Assets 2014: $12,500,606Liabilities 2014: $9,717,391Net Assets 2014: $2,783,2152014Assets 2015: $11,864,920Liabilities 2015: $9,239,249Net Assets 2015: $2,625,6712015Assets 2016: $11,725,196Liabilities 2016: $9,261,190Net Assets 2016: $2,464,0062016Assets 2017: $11,614,896Liabilities 2017: $8,939,044Net Assets 2017: $2,675,8522017Assets 2018: $10,884,225Liabilities 2018: $8,164,920Net Assets 2018: $2,719,3052018Assets 2019: $10,069,073Liabilities 2019: $8,113,642Net Assets 2019: $1,955,4312019Assets 2020: $9,567,337Liabilities 2020: $8,684,945Net Assets 2020: $882,3922020Assets 2021: $10,717,747Liabilities 2021: $8,845,753Net Assets 2021: $1,871,9942021Assets 2022: $10,406,201Liabilities 2022: $7,910,188Net Assets 2022: $2,496,0132022Assets 2023: $11,183,860Liabilities 2023: $7,797,927Net Assets 2023: $3,385,9332023Assets 2024: $10,918,326Liabilities 2024: $7,987,493Net Assets 2024: $2,930,8332024

Highlighted filing

2023

Assets$11,183,860
Liabilities$7,797,927
Net Assets$3,385,933
Open 2023 Filing

Operations Trend

Revenue Growth38th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$10M$5.0M$0-$5.0MExpenses 2010: $7,895,4362010Revenue 2011: $8,318,389Expenses 2011: $8,072,233Net Income 2011: $246,1562011Revenue 2012: $8,501,437Expenses 2012: $8,351,268Net Income 2012: $150,1692012Revenue 2013: $8,421,451Expenses 2013: $8,374,914Net Income 2013: $46,5372013Revenue 2014: $7,657,587Expenses 2014: $7,784,307Net Income 2014: -$126,7202014Revenue 2015: $7,161,090Expenses 2015: $7,305,255Net Income 2015: -$144,1652015Revenue 2016: $7,405,630Expenses 2016: $7,551,342Net Income 2016: -$145,7122016Revenue 2017: $7,737,381Expenses 2017: $7,691,311Net Income 2017: $46,0702017Revenue 2018: $7,519,188Expenses 2018: $7,664,504Net Income 2018: -$145,3162018Revenue 2019: $7,223,241Expenses 2019: $7,941,268Net Income 2019: -$718,0272019Revenue 2020: $7,215,071Expenses 2020: $8,341,053Net Income 2020: -$1,125,9822020Revenue 2021: $8,503,997Expenses 2021: $8,388,885Net Income 2021: $115,1122021Revenue 2022: $9,824,282Expenses 2022: $9,196,298Net Income 2022: $627,9842022Revenue 2023: $9,807,268Expenses 2023: $8,927,475Net Income 2023: $879,7932023Revenue 2024: $7,901,152Expenses 2024: $8,372,051Net Income 2024: -$470,8992024

Highlighted filing

2023

Revenue$9,807,268
Expenses$8,927,475
Net Income$879,793
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Sep 1, 2022 to Aug 31, 2023
Signed
May 21, 2024
Return Version
2022v5.0
Gross Receipts
$9,854,036
Mission and Program Overview

Mission

The Academy is a pre-kindergarten through grade eight independent school preparing girls and boys in the metropolitan Washington, DC area for competitive secondary schools. The Academy is a diverse independent day school committed to developing the whole child.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$7,471,397$7,444,098▼ $27,299
Cash and Non-Interest-Bearing Accounts$1,881,153$1,834,461▼ $46,692
Savings and Temporary Cash Investments$551,862$1,231,127▲ $679,265
Prepaid Expenses and Deferred Charges$201,187$350,500▲ $149,313
Investments in Publicly Traded Securities$92,178$124,206▲ $32,028
Accounts Receivable$158,933$114,599▼ $44,334
Pledges and Grants Receivable$40,000$26,057▼ $13,943
Total Assets$10,406,201$11,183,860▲ $777,659
Other Assets Total$9,491$58,812▲ $49,321
Liabilities
Mortgage Notes Payable Secured by Investment Property$6,192,665$6,144,636▼ $48,029
Deferred Revenue$1,494,484$1,366,323▼ $128,161
Accounts Payable and Accrued Expenses$167,782$250,507▲ $82,725
Other Liabilities$55,257$36,461▼ $18,796
Total Liabilities$7,910,188$7,797,927▼ $112,261
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,222,112$3,062,104▲ $839,992
Net Assets With Donor Restrictions$273,901$323,829▲ $49,928
Total Net Assets Fund Balance$2,496,013$3,385,933▲ $889,920
Total Liabilities and Net Assets / Fund Balance$10,406,201$11,183,860▲ $777,659

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$5,710,995$6,887,783$12,598,778
Equipment$538,813$1,577,030$2,115,843
Land$1,068,535-$1,068,535
Other Land Buildings$125,755$35,577$161,332

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2022$96,477$21,150▲ $6,579$0$124,206
2021$74,422$26,417▼ $4,362$0$96,477
2020$9,474$65,143▼ $195$0$74,422
2019$9,646-▼ $172$0$9,474
2018$9,807$0▼ $161$0$9,646
Compensation and Service Providers
Top Officer Pay83rd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Peggy OteyPresident/Head of SchoolFT$317,167$28,487$345,654
Peggy Otey--$317,167$28,487$345,654
Bonita LeaHead of Middle School/Assistant Head of SchoolFT$124,060$22,483$146,543
Mike SassoDirector of Advancement & Institutional GrowthFT$104,816$5,563$110,379
Kenneth MarterCFOFT$76,736$3,809$80,545

Board Members and Trustees

NameTitle
Bryan BonnerChair
Joan DeBoerChair/Trustee
Charles PlattVice Chair/Trustee
Cecelia PrewettTrustee
Dawn BigginsTrustee
Jeffrey ShortTrustee
John NashTrustee
Julia EbronTrustee
Marija Zivanovic-SmithTrustee
Michael LowsenTrustee
Patricia M St GeorgeTrustee
Tisza SwainTrustee
Valerie HardyTrustee
Revenue and Support

Revenue Composition

Contributions and Grants
$1,580,562
Program Service Revenue
$8,168,032
Investment Income
$57,195
Other Revenue
$1,479
All Other Contributions
$170,087
Change in Net Assets
$879,793

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
Yes
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Other Non Cash Contri Table66$19,842Fair Market Value (FMV)
Securities Publicly Traded3$16,352Fair Market Value (FMV)
Total Noncash Contributions69$36,194-

Audited Revenue Reconciliation

Revenue per Audited Statements
$9,854,036
Revenue Not Reported on Financial Statements
$-46,768
Revenue Not Reported on Form 990
$-1,448,078
Other Revenue Adjustments
$-46,768
Total Revenue per Audited Statements
$8,405,958
Total Revenue per Form 990
$9,807,268
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$5,210,234
Other Expenses$2,255,286
Grants and Similar Amounts Paid$1,458,205
Total Fundraising Expense$229,975
Professional Fundraising Fees$3,750

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$3,364,190$238,564$97,681$3,700,435
Grants to Domestic Individuals$1,458,205--$1,458,205
Other Employee Benefits$430,203$61,775$45,410$537,388
Depreciation Depletion$454,679$45,468$5,052$505,199
Current Officers, Directors, Trustees, and Key Employees$174,109$330,834$0$504,943
Payroll Taxes$251,054$38,794$6,904$296,752
Interest$231,126$23,112$2,568$256,806
Office Expenses$64,524$142,412$8,663$215,599
Pension Plan Contributions$141,889$22,996$5,831$170,716
Occupancy$141,167$14,116$1,568$156,851
Information Technology$67,584$63,876$11,498$142,958
Fees for Services Other$0$102,459$0$102,459
Insurance$60,808$862$96$61,766
All Other Expenses$23,417$0$30,813$54,230
Other Expenses$18,040$0$0$18,040
Advertising$16,471$0$0$16,471
Fees for Services Legal$0$10,152$0$10,152
Fees for Services Professional Fundraising--$3,750$3,750
Total Functional Expenses$7,567,755$1,129,745$229,975$8,927,475

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$8,927,475
Total Expenses per Audited Statements$7,516,038
Expenses per Audited Statements$7,469,270
Expenses Not Reported on Financial Statements$1,458,205
Other Expense Adjustments$1,458,205
Expenses Not Reported on Form 990$46,768
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$46,768
Fundraising Gross Income$13,860
Professional Fundraising Fees$3,750

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Auction$272,792$13,860$9,457$4,403
Total Events$272,792$13,860$46,768$-32,908
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Finance lease liabilities$36,461
Capital lease payable$0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
Filing and Contact Details

Filer

Filer Name
Browne Academy
EIN
23-2261841
Phone
7039603000
Address
5917 Telegraph Road, Alexandria, VA 22310

Signing Officer

Name
Kenneth Marter
Title
CFO
Phone
7039603000
Signed
2024-05-21
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Peggy Otey
Formed
1984
Legal Domicile
Va
Voting Board Members
13
Independent Board Members
13
Employees
141
Volunteers
125

Preparer

Firm
Hozik & Company PLC
Address
374 Maple Ave E Ste 305, Vienna, VA 22180
Preparer
Corrie Scott
Phone
8588633319
Supplemental Narrative

Additional Explanations

Pt VI, Line 11B

“The Form 990 was reviewed by the Finance and Audit committees and upon completion of the review it was sent to the remaining members of the Board for review and comment prior to its submission.”

Pt VI, Line 12C

“The Board of Trustees are required to disclose any conflicts of interest and these are reviewed on an annual basis.”

Pt VI, Line 15A

“The Head Support Committee of the Board of Trustees”

Pt VI, Line 15B

“obtains comparative data on head salaries from recognized independent sources as related to the local and national markets for like institutions. This data is reviewed and any changes in compensation are determined on the basis of this review.”

Pt VI, Line 19

“The Academy's governing documents, conflict of public interest policy and financial statements are available public upon request.”

Financial Statement Notes

Pt XI, Line 2D

“Reclass financial aid of $1,458,205”

Pt XI, Line 4B

“Reclass special event expenses.”

Pt XII, Line 2D

“Reclass special event expenses.”

Pt XII, Line 4B

“Reclass financial aid $1,458,205.”

Pt V, Line 4

“The Endowment Funds purpose is to further the mission of the Academy.”

Raw XML AppendixShowing 400 of 679 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990/AccountantCompileOrReviewInd0false
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt0167782
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt0250507
IRS990/AccountsReceivableGrp/BOYAmt0158933
IRS990/AccountsReceivableGrp/EOYAmt0114599
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0The Academy is a pre-kindergarten through grade eight independent school preparing girls and boys in the metropolitan Washington, DC area for competitive secondary schools. The Academy is a diverse independent day school committed to developing the whole child.
IRS990/AdvertisingGrp/FundraisingAmt00
IRS990/AdvertisingGrp/ManagementAndGeneralAmt00
IRS990/AdvertisingGrp/ProgramServicesAmt016471
IRS990/AdvertisingGrp/TotalAmt016471
IRS990/AllOtherContributionsAmt0170087
IRS990/AllOtherExpensesGrp/FundraisingAmt030813
IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt00
IRS990/AllOtherExpensesGrp/ProgramServicesAmt023417
IRS990/AllOtherExpensesGrp/TotalAmt054230
IRS990/AnnualDisclosureCoveredPrsnInd0true
IRS990/AuditCommitteeInd0true
IRS990/BackupWthldComplianceInd0true
IRS990/BooksInCareOfDetail/PersonNm0Kenneth Marter
IRS990/BooksInCareOfDetail/PhoneNum05714511008
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt05917 Telegraph Road
IRS990/BooksInCareOfDetail/USAddress/CityNm0Alexandria
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0VA
IRS990/BooksInCareOfDetail/USAddress/ZIPCd022314
IRS990/BusinessRlnWith35CtrlEntInd0false
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt01881153
IRS990/CashNonInterestBearingGrp/EOYAmt01834461
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CollectionsOfArtInd0false
IRS990/CompCurrentOfcrDirectorsGrp/FundraisingAmt00
IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt0330834
IRS990/CompCurrentOfcrDirectorsGrp/ProgramServicesAmt0174109
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt0504943
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0true
IRS990/CompensationProcessOtherInd0true
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/ContriRptFundraisingEventAmt0258932
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt01580562
IRS990/CYGrantsAndSimilarPaidAmt01458205
IRS990/CYInvestmentIncomeAmt057195
IRS990/CYOtherExpensesAmt02255286
IRS990/CYOtherRevenueAmt01479
IRS990/CYProgramServiceRevenueAmt08168032
IRS990/CYRevenuesLessExpensesAmt0879793
IRS990/CYSalariesCompEmpBnftPaidAmt05210234
IRS990/CYTotalExpensesAmt08927475
IRS990/CYTotalFundraisingExpenseAmt0229975
IRS990/CYTotalProfFndrsngExpnsAmt03750
IRS990/CYTotalRevenueAmt09807268
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0true
IRS990/DeferredRevenueGrp/BOYAmt01494484
IRS990/DeferredRevenueGrp/EOYAmt01366323
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/FundraisingAmt05052
IRS990/DepreciationDepletionGrp/ManagementAndGeneralAmt045468
IRS990/DepreciationDepletionGrp/ProgramServicesAmt0454679
IRS990/DepreciationDepletionGrp/TotalAmt0505199
IRS990/Desc0An unwavering commitment to academic excellence forms the cornerstone of the Academy's educational philosophy. The School achieves this commitment by fostering a passion for lifelong learning and by channeling this passion into a rigorous educational program. A comprehensive and challenging curriculum provides the essential foundation for each student's (191 students) future academic success, physical growth and emotional development. This curriculum is designed to promote student excellence within and across each of the following disciplines: English (language arts and reading), mathematics, science, world languages, social studies and history, fine arts, technology, and physical education. The Academy offers a wide variety of extracurricular activities ranging from sports (soccer, basketball, and softball) to the fine arts (drama, art, and music lessons). Each trimester the Academy offers new extracurricular opportunities through the extended day program which offers services from 7:00 to 8:00 AM and 3:15 to 6:00 PM.
IRS990/DescribedInSection501c3Ind0true
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0true
IRS990/DonorAdvisedFundInd0false
IRS990/DonorRestrictionNetAssetsGrp/BOYAmt0273901
IRS990/DonorRestrictionNetAssetsGrp/EOYAmt0323829
IRS990/DonorRstrOrQuasiEndowmentsInd0true
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt0141
IRS990/EmploymentTaxReturnsFiledInd0true
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/ExpenseAmt07471237
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FeesForServicesLegalGrp/FundraisingAmt00
IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt010152
IRS990/FeesForServicesLegalGrp/ProgramServicesAmt00
IRS990/FeesForServicesLegalGrp/TotalAmt010152
IRS990/FeesForServicesOtherGrp/FundraisingAmt00
IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt0102459
IRS990/FeesForServicesOtherGrp/ProgramServicesAmt00
IRS990/FeesForServicesOtherGrp/TotalAmt0102459
IRS990/FeesForServicesProfFundraising/FundraisingAmt03750
IRS990/FeesForServicesProfFundraising/TotalAmt03750
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignOfficeInd0false
IRS990/Form8282PropertyDisposedOfInd0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt060.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt150.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt240.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt340.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt41.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt51.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt61.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt71.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt81.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt91.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt101.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt111.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt121.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt131.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt141.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt151.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt161.00
IRS990/Form990PartVIISectionAGrp/HighestCompensatedEmployeeInd0X
IRS990/Form990PartVIISectionAGrp/HighestCompensatedEmployeeInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd8X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd9X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd10X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd11X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd12X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt028487
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt13809
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt25563
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt322483
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt90
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt100
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt110
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt120
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt130
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt140
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt150
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt160
IRS990/Form990PartVIISectionAGrp/PersonNm0Peggy Otey
IRS990/Form990PartVIISectionAGrp/PersonNm1Kenneth Marter
IRS990/Form990PartVIISectionAGrp/PersonNm2Mike Sasso
IRS990/Form990PartVIISectionAGrp/PersonNm3Bonita Lea
IRS990/Form990PartVIISectionAGrp/PersonNm4Bryan Bonner
IRS990/Form990PartVIISectionAGrp/PersonNm5Tisza Swain
IRS990/Form990PartVIISectionAGrp/PersonNm6Joan DeBoer
IRS990/Form990PartVIISectionAGrp/PersonNm7Patricia M St George
IRS990/Form990PartVIISectionAGrp/PersonNm8Marija Zivanovic-Smith
IRS990/Form990PartVIISectionAGrp/PersonNm9Charles Platt
IRS990/Form990PartVIISectionAGrp/PersonNm10Cecelia Prewett
IRS990/Form990PartVIISectionAGrp/PersonNm11Julia Ebron
IRS990/Form990PartVIISectionAGrp/PersonNm12Dawn Biggins
IRS990/Form990PartVIISectionAGrp/PersonNm13Jeffrey Short
IRS990/Form990PartVIISectionAGrp/PersonNm14Valerie Hardy
IRS990/Form990PartVIISectionAGrp/PersonNm15Michael Lowsen
IRS990/Form990PartVIISectionAGrp/PersonNm16John Nash
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt0317167
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt176736
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt2104816
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt3124060
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt160
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt160
IRS990/Form990PartVIISectionAGrp/TitleTxt0President/Head of School
IRS990/Form990PartVIISectionAGrp/TitleTxt1CFO
IRS990/Form990PartVIISectionAGrp/TitleTxt2Director of Advancement & Institutional Growth
IRS990/Form990PartVIISectionAGrp/TitleTxt3Head of Middle School/Assistant Head of School
IRS990/Form990PartVIISectionAGrp/TitleTxt4Chair
IRS990/Form990PartVIISectionAGrp/TitleTxt5Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt6Chair/Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt7Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt8Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt9Vice Chair/Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt10Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt11Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt12Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt13Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt14Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt15Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt16Trustee
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/FormationYr01984
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0true
IRS990/FundraisingAmt0258932
IRS990/FundraisingDirectExpensesAmt046768
IRS990/FundraisingGrossIncomeAmt013860
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt013
IRS990/GovernmentGrantsAmt01151543
IRS990/GrantAmt01458205
IRS990/GrantsToDomesticIndividualsGrp/ProgramServicesAmt01458205
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt01458205
IRS990/GrantsToIndividualsInd0true
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt09854036
IRS990/GrossRentsGrp/RealAmt026125
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0true
IRS990/IndependentVotingMemberCnt013
IRS990/IndivRcvdGreaterThan100KCnt04
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/FundraisingAmt011498
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt063876
IRS990/InformationTechnologyGrp/ProgramServicesAmt067584
IRS990/InformationTechnologyGrp/TotalAmt0142958
IRS990/InsuranceGrp/FundraisingAmt096
IRS990/InsuranceGrp/ManagementAndGeneralAmt0862
IRS990/InsuranceGrp/ProgramServicesAmt060808
IRS990/InsuranceGrp/TotalAmt061766
IRS990/InterestGrp/FundraisingAmt02568
IRS990/InterestGrp/ManagementAndGeneralAmt023112
IRS990/InterestGrp/ProgramServicesAmt0231126
IRS990/InterestGrp/TotalAmt0256806
IRS990/InvestmentIncomeGrp/ExclusionAmt057195
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt057195
IRS990/InvestmentIncomeGrp/UnrelatedBusinessRevenueAmt00
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsPubTradedSecGrp/BOYAmt092178
IRS990/InvestmentsPubTradedSecGrp/EOYAmt0124206
IRS990/IRPDocumentCnt011
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt08500390
IRS990/LandBldgEquipBasisNetGrp/BOYAmt07471397
IRS990/LandBldgEquipBasisNetGrp/EOYAmt07444098
IRS990/LandBldgEquipCostOrOtherBssAmt015944488
IRS990/LegalDomicileStateCd0VA
IRS990/LessRentalExpensesGrp/RealAmt00
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0The Academy is a pre-kindergarten through grade eight independent school preparing girls and boys in the metropolitan Washington, DC area for competitive secondary schools. The Academy is a diverse independent day school committed to developing the whole child.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt06192665
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt06144636
IRS990/NameChangeInd0X
IRS990/NetAssetsOrFundBalancesBOYAmt02496013
IRS990/NetAssetsOrFundBalancesEOYAmt03385933
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt0-32908
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt0-32908
IRS990/NetIncmFromFundraisingEvtGrp/UnrelatedBusinessRevenueAmt00
IRS990/NetRentalIncomeOrLossGrp/ExclusionAmt026125
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt026125
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt010127
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt02222112
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt03062104
IRS990/NoncashContributionsAmt036194
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/FundraisingAmt01568
IRS990/OccupancyGrp/ManagementAndGeneralAmt014116
IRS990/OccupancyGrp/ProgramServicesAmt0141167
IRS990/OccupancyGrp/TotalAmt0156851
IRS990/OfficeExpensesGrp/FundraisingAmt08663
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0142412
IRS990/OfficeExpensesGrp/ProgramServicesAmt064524
IRS990/OfficeExpensesGrp/TotalAmt0215599
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt09491
IRS990/OtherAssetsTotalGrp/EOYAmt058812
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt045410
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt061775
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0430203
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0537388
IRS990/OtherExpensesGrp/Desc0Summer camp
IRS990/OtherExpensesGrp/Desc1Repairs and maintenance
IRS990/OtherExpensesGrp/Desc2Instruction/student activities
IRS990/OtherExpensesGrp/Desc3Bad debt
IRS990/OtherExpensesGrp/FundraisingAmt00
IRS990/OtherExpensesGrp/FundraisingAmt14573
IRS990/OtherExpensesGrp/FundraisingAmt25568
IRS990/OtherExpensesGrp/FundraisingAmt30
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt00
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt134325
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt20
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt30
IRS990/OtherExpensesGrp/ProgramServicesAmt096518
IRS990/OtherExpensesGrp/ProgramServicesAmt1242110
IRS990/OtherExpensesGrp/ProgramServicesAmt2331661
IRS990/OtherExpensesGrp/ProgramServicesAmt318040
IRS990/OtherExpensesGrp/TotalAmt096518
IRS990/OtherExpensesGrp/TotalAmt1281008
IRS990/OtherExpensesGrp/TotalAmt2337229
IRS990/OtherExpensesGrp/TotalAmt318040
IRS990/OtherLiabilitiesGrp/BOYAmt055257
IRS990/OtherLiabilitiesGrp/EOYAmt036461
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0Miscellaneous
IRS990/OtherRevenueMiscGrp/ExclusionAmt00
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt08262
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt08262
IRS990/OtherRevenueMiscGrp/UnrelatedBusinessRevenueAmt00
IRS990/OtherRevenueTotalAmt08262
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt097681
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0238564
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt03364190
IRS990/OtherSalariesAndWagesGrp/TotalAmt03700435
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt06904
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt038794
IRS990/PayrollTaxesGrp/ProgramServicesAmt0251054
IRS990/PayrollTaxesGrp/TotalAmt0296752
IRS990/PensionPlanContributionsGrp/FundraisingAmt05831
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt022996
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt0141889
IRS990/PensionPlanContributionsGrp/TotalAmt0170716
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt040000
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt026057
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0201187
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0350500
IRS990/PrincipalOfficerNm0Peggy Otey
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0611110
IRS990/ProgramServiceRevenueGrp/BusinessCd1611110
IRS990/ProgramServiceRevenueGrp/BusinessCd2611110
IRS990/ProgramServiceRevenueGrp/Desc0Tuition and fees
IRS990/ProgramServiceRevenueGrp/Desc1Camp
IRS990/ProgramServiceRevenueGrp/Desc2Parent Association dues
IRS990/ProgramServiceRevenueGrp/ExclusionAmt00
IRS990/ProgramServiceRevenueGrp/ExclusionAmt10
IRS990/ProgramServiceRevenueGrp/ExclusionAmt20
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt07026015
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt11115062
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt226955
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt10
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt20
IRS990/ProgSrvcAccomActy2Grp/Desc0The Academy also offers a summer camp for eight weeks throughout the summer that operates on the entire 11 acre campus (approximately 480 students). Camp attendees are offered various educational activities that are dedicated to providing a memorable experience for every camper in a safe, fun-filled and caring environment that fosters friendship and mutual respect for one another. Camps are also offered over the winter holiday break and spring break.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt096518
IRS990/ProgSrvcAccomActy2Grp/GrantAmt00
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt01115062
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt01543169
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt01635255
IRS990/PYInvestmentIncomeAmt01508
IRS990/PYOtherExpensesAmt02403132
IRS990/PYOtherRevenueAmt0-50337
IRS990/PYProgramServiceRevenueAmt08329942
IRS990/PYRevenuesLessExpensesAmt0627984
IRS990/PYSalariesCompEmpBnftPaidAmt05157911
IRS990/PYTotalExpensesAmt09196298
IRS990/PYTotalRevenueAmt09824282
IRS990/QuidProQuoContributionsInd0true
IRS990/QuidProQuoContriDisclInd0true
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0879793
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$11,183,860
Liabilities
$7,797,927
Net assets
$3,385,933
Revenue
$9,807,268
Expenses
$8,927,475
Net income
$879,793
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$10.9$7.99$2.93$7.90$8.37$0.47
2023Detailed filing. Detailed filing data is available for this year.$11.2$7.80$3.39$9.81$8.93$0.88
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$10.4$7.91$2.50$9.82$9.20$0.63
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$10.7$8.85$1.87$8.50$8.39$0.12
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$9.57$8.68$0.88$7.22$8.34$1.13
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$10.1$8.11$1.96$7.22$7.94$0.72
2018Summary only. Only limited summary data is available for this year.$10.9$8.16$2.72$7.52$7.66$0.15
2017Summary only. Only limited summary data is available for this year.$11.6$8.94$2.68$7.74$7.69$0.05
2016Summary only. Only limited summary data is available for this year.$11.7$9.26$2.46$7.41$7.55$0.15
2015Summary only. Only limited summary data is available for this year.$11.9$9.24$2.63$7.16$7.31$0.14
2014Summary only. Only limited summary data is available for this year.$12.5$9.72$2.78$7.66$7.78$0.13
2013Summary only. Only limited summary data is available for this year.$13.0$10.0$2.97$8.42$8.37$0.05
2012Summary only. Only limited summary data is available for this year.$13.6$11.1$2.50$8.50$8.35$0.15
2011Summary only. Only limited summary data is available for this year.$13.9$11.3$2.62$8.32$8.07$0.25
2010XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$13.3$10.5$2.84$7.90
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2023 filings • 501(c)3 • $10M-$25M nonprofits