Civic Intelligence

Browne Academy

990 • Fiscal year 2022 • EIN 23-2261841

Sep 01, 2021 to Aug 31, 2022 • Filed on May 16, 2023

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

86th percentile

0.76x

Higher debt load relative to assets than 86% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2022

Liabilities / Revenue

77th percentile

0.81x

Higher debt load relative to revenue than 77% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2022

Net Margin

49th percentile

6.4%

Higher net margin than 49% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2022

Top Officer Pay

82nd percentile

$330,338

Higher top officer pay than 82% of similar nonprofits.

Top officer pay equals 3.4% of source-year revenue.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2022

Asset Growth

38th percentile

-2.9%

Faster asset growth than 38% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2021 to 2022

Revenue Growth

67th percentile

16%

Faster revenue growth than 67% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets86th percentile

Assets

Down

$10,406,201

Down $311,546 (-2.9%) from 2021

Net Assets

Up

$2,496,013

Up $624,019 (+33%) from 2021

Liabilities

Down

$7,910,188

Down $935,565 (-11%) from 2021

Revenue And Expenses
Liabilities / Revenue77th percentileNet Margin49th percentile

Revenue

Up

$9,824,282

Up $1,320,285 (+16%) from 2021

Expenses

Up

$9,196,298

Up $807,413 (+9.6%) from 2021

Net Income

Up

$627,984

Up $512,872 (+446%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth38th 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

2022

Assets$10,406,201
Liabilities$7,910,188
Net Assets$2,496,013
Open 2022 Filing

Operations Trend

Revenue Growth67th 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

2022

Revenue$9,824,282
Expenses$9,196,298
Net Income$627,984
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Sep 1, 2021 to Aug 31, 2022
Signed
May 16, 2023
Return Version
2021v4.1
Gross Receipts
$9,885,854
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$7,684,969$7,471,397▼ $213,572
Cash and Non-Interest-Bearing Accounts$2,235,753$1,881,153▼ $354,600
Savings and Temporary Cash Investments$624,777$551,862▼ $72,915
Prepaid Expenses and Deferred Charges$87,189$201,187▲ $113,998
Accounts Receivable$80,059$158,933▲ $78,874
Investments in Publicly Traded Securities-$92,178-
Pledges and Grants Receivable-$40,000-
Total Assets$10,717,747$10,406,201▼ $311,546
Other Assets Total$5,000$9,491▲ $4,491
Liabilities
Mortgage Notes Payable Secured by Investment Property-$6,192,665-
Tax Exempt Bond Liabilities$6,177,692$0▼ $6,177,692
Deferred Revenue$1,509,702$1,494,484▼ $15,218
Unsecured Notes Loans Payable$787,154--
Accounts Payable and Accrued Expenses$305,435$167,782▼ $137,653
Other Liabilities$65,770$55,257▼ $10,513
Total Liabilities$8,845,753$7,910,188▼ $935,565
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,699,940$2,222,112▲ $522,172
Net Assets With Donor Restrictions$172,054$273,901▲ $101,847
Total Net Assets Fund Balance$1,871,994$2,496,013▲ $624,019
Total Liabilities and Net Assets / Fund Balance$10,717,747$10,406,201▼ $311,546

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$5,984,448$6,566,386$12,550,834
Equipment$418,414$1,543,672$1,962,086
Land$1,068,535-$1,068,535
Other Land Buildings$0$35,577$35,577

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2021$74,422$26,417▼ $4,362-$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
2017$0$10,110▼ $303$0$9,807
Compensation and Service Providers
Top Officer Pay82nd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Peggy OteyPresident/Head of SchoolFT$302,286$28,052$330,338
Peggy Otey--$302,286$28,052$330,338
Ann Feeley-LeetzTreasurer/Business Manager (Until June 19, 2022)FT$165,376$38,380$203,756
Ann Feeley-Leetz--$165,376$38,380$203,756
Bonita LeaHead of Middle School/Assistant Head of SchoolFT$125,833$17,191$143,024
Steve MarshallDirector of Enrollment and Auxillary ProgramsFT$101,417$36,436$137,853
Mike SassoDirector of Advancement & Institutional GrowthFT$104,268$6,200$110,468

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
Kenneth MarterCFO/Treasurer/Business Manager - (Started June 21, 2022)
Revenue and Support

Revenue Composition

Contributions and Grants
$1,543,169
Program Service Revenue
$8,329,942
Investment Income
$1,508
Other Revenue
$-50,337
All Other Contributions
$280,469
Change in Net Assets
$627,984

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
Real Estate Other1$100,000Fair Market Value (FMV)
Securities Publicly Traded1$5,034Fair Market Value (FMV)
Total Noncash Contributions2$105,034-

Audited Revenue Reconciliation

Revenue per Audited Statements
$9,884,948
Revenue Not Reported on Financial Statements
$-60,666
Revenue Not Reported on Form 990
$-1,639,220
Other Revenue Adjustments
$-61,572
Total Revenue per Audited Statements
$8,245,728
Total Revenue per Form 990
$9,824,282
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$5,157,911
Other Expenses$2,403,132
Grants and Similar Amounts Paid$1,635,255
Total Fundraising Expense$197,502
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$3,285,837$252,448$99,770$3,638,055
Grants to Domestic Individuals$1,635,255--$1,635,255
Current Officers, Directors, Trustees, and Key Employees$172,756$393,024$0$565,780
Other Employee Benefits$420,315$52,648$42,211$515,174
Depreciation Depletion$441,366$44,137$4,904$490,407
Payroll Taxes$243,727$38,002$6,224$287,953
Interest$232,549$23,255$2,584$258,388
Office Expenses$124,249$77,212$1,624$203,085
Information Technology$154,544$15,454$1,717$171,715
Pension Plan Contributions$131,580$14,265$5,104$150,949
Other Expenses$90,128$9,013$1,001$100,142
Occupancy$71,826$7,183$798$79,807
Advertising$72,280$0$0$72,280
Insurance$63,121$6,312$701$70,134
All Other Expenses$25,147$133$27,033$52,313
Fees for Services Other$0$26,311$0$26,311
Fees for Services Legal$0$12,003$0$12,003
Fees for Service Investment Mgmnt Fees$0$906$0$906
Total Functional Expenses$7,992,014$1,006,782$197,502$9,196,298

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$9,196,298
Total Expenses per Audited Statements$7,621,709
Expenses per Audited Statements$7,560,137
Expenses Not Reported on Financial Statements$1,636,161
Other Expense Adjustments$1,635,255
Expenses Not Reported on Form 990$61,572
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$61,572
Fundraising Gross Income$11,235
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Auction$260,671$11,235$19,879$-8,644
Total Events$260,671$11,235$61,572$-50,337
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Capital lease obligations$55,257
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
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
Yes
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
Bsi Inc
EIN
23-2261841
Phone
7039603000
Address
5917 Telegraph Road, Alexandria, VA 22310
Doing Business As
Browne Academy

Signing Officer

Name
Kenneth Marter
Title
CFO
Phone
7039603000
Signed
2023-05-16
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
127
Volunteers
125

Preparer

Firm
Hozik & Company PLC
Address
374 Maple Ave E Ste 305, Vienna, VA 22180
Preparer
Corrie Scott
Phone
7032727109
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.”

Pt VI, Line 4

“The School change its name - see attached.”

Financial Statement Notes

Pt XI, Line 2D

“Reclass financial aid of $1,635,255.”

Pt XI, Line 4B

“Reclass special event expenses.”

Pt XII, Line 2D

“Reclass special event expenses.”

Pt XII, Line 4B

“Reclass financial aid $1,635,255.”

Pt V, Line 4

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

Raw XML AppendixShowing 400 of 703 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.

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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 (211 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.
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IRS990/Form990PartVIISectionAGrp/PersonNm2Mike Sasso
IRS990/Form990PartVIISectionAGrp/PersonNm3Bonita Lea
IRS990/Form990PartVIISectionAGrp/PersonNm4Steve Marshall
IRS990/Form990PartVIISectionAGrp/PersonNm5Bryan Bonner
IRS990/Form990PartVIISectionAGrp/PersonNm6Tisza Swain
IRS990/Form990PartVIISectionAGrp/PersonNm7Joan DeBoer
IRS990/Form990PartVIISectionAGrp/PersonNm8Patricia M St George
IRS990/Form990PartVIISectionAGrp/PersonNm9Marija Zivanovic-Smith
IRS990/Form990PartVIISectionAGrp/PersonNm10Charles Platt
IRS990/Form990PartVIISectionAGrp/PersonNm11Cecelia Prewett
IRS990/Form990PartVIISectionAGrp/PersonNm12Julia Ebron
IRS990/Form990PartVIISectionAGrp/PersonNm13Dawn Biggins
IRS990/Form990PartVIISectionAGrp/PersonNm14Jeffrey Short
IRS990/Form990PartVIISectionAGrp/PersonNm15Valerie Hardy
IRS990/Form990PartVIISectionAGrp/PersonNm16Michael Lowsen
IRS990/Form990PartVIISectionAGrp/PersonNm17John Nash
IRS990/Form990PartVIISectionAGrp/PersonNm18Kenneth Marter
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt0302286
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt1165376
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt2104268
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt3125833
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt4101417
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/ReportableCompFromOrgAmt170
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt180
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/ReportableCompFromRltdOrgAmt170
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt180
IRS990/Form990PartVIISectionAGrp/TitleTxt0President/Head of School
IRS990/Form990PartVIISectionAGrp/TitleTxt1Treasurer/Business Manager (Until June 19, 2022)
IRS990/Form990PartVIISectionAGrp/TitleTxt2Director of Advancement & Institutional Growth
IRS990/Form990PartVIISectionAGrp/TitleTxt3Head of Middle School/Assistant Head of School
IRS990/Form990PartVIISectionAGrp/TitleTxt4Director of Enrollment and Auxillary Programs
IRS990/Form990PartVIISectionAGrp/TitleTxt5Chair
IRS990/Form990PartVIISectionAGrp/TitleTxt6Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt7Chair/Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt8Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt9Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt10Vice Chair/Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt11Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt12Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt13Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt14Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt15Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt16Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt17Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt18CFO/Treasurer/Business Manager - (Started June 21, 2022)
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/FormationYr01984
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0true
IRS990/FundraisingAmt0249436
IRS990/FundraisingDirectExpensesAmt061572
IRS990/FundraisingGrossIncomeAmt011235
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt013
IRS990/GovernmentGrantsAmt01013264
IRS990/GrantAmt01635255
IRS990/GrantsToDomesticIndividualsGrp/ProgramServicesAmt01635255
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt01635255
IRS990/GrantsToIndividualsInd0true
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0true
IRS990/GrossReceiptsAmt09885854
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0true
IRS990/IndependentVotingMemberCnt013
IRS990/IndivRcvdGreaterThan100KCnt05
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/FundraisingAmt01717
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt015454
IRS990/InformationTechnologyGrp/ProgramServicesAmt0154544
IRS990/InformationTechnologyGrp/TotalAmt0171715
IRS990/InsuranceGrp/FundraisingAmt0701
IRS990/InsuranceGrp/ManagementAndGeneralAmt06312
IRS990/InsuranceGrp/ProgramServicesAmt063121
IRS990/InsuranceGrp/TotalAmt070134
IRS990/InterestGrp/FundraisingAmt02584
IRS990/InterestGrp/ManagementAndGeneralAmt023255
IRS990/InterestGrp/ProgramServicesAmt0232549
IRS990/InterestGrp/TotalAmt0258388
IRS990/InvestmentIncomeGrp/ExclusionAmt01508
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt01508
IRS990/InvestmentIncomeGrp/UnrelatedBusinessRevenueAmt00
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsPubTradedSecGrp/EOYAmt092178
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt08145635
IRS990/LandBldgEquipBasisNetGrp/BOYAmt07684969
IRS990/LandBldgEquipBasisNetGrp/EOYAmt07471397
IRS990/LandBldgEquipCostOrOtherBssAmt015617032
IRS990/LegalDomicileStateCd0VA
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/EOYAmt06192665
IRS990/NetAssetsOrFundBalancesBOYAmt01871994
IRS990/NetAssetsOrFundBalancesEOYAmt02496013
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt0-50337
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt0-50337
IRS990/NetIncmFromFundraisingEvtGrp/UnrelatedBusinessRevenueAmt00
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0-3965
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt01699940
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt02222112
IRS990/NoncashContributionsAmt0105034
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/FundraisingAmt0798
IRS990/OccupancyGrp/ManagementAndGeneralAmt07183
IRS990/OccupancyGrp/ProgramServicesAmt071826
IRS990/OccupancyGrp/TotalAmt079807
IRS990/OfficeExpensesGrp/FundraisingAmt01624
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt077212
IRS990/OfficeExpensesGrp/ProgramServicesAmt0124249
IRS990/OfficeExpensesGrp/TotalAmt0203085
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt05000
IRS990/OtherAssetsTotalGrp/EOYAmt09491
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt042211
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt052648
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0420315
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0515174
IRS990/OtherExpensesGrp/Desc0Summer camp
IRS990/OtherExpensesGrp/Desc1Repairs and maintenance
IRS990/OtherExpensesGrp/Desc2Instruction/student activities
IRS990/OtherExpensesGrp/Desc3Bad debt
IRS990/OtherExpensesGrp/FundraisingAmt00
IRS990/OtherExpensesGrp/FundraisingAmt13831
IRS990/OtherExpensesGrp/FundraisingAmt20
IRS990/OtherExpensesGrp/FundraisingAmt31001
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt00
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt134476
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt20
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt39013
IRS990/OtherExpensesGrp/ProgramServicesAmt0128848
IRS990/OtherExpensesGrp/ProgramServicesAmt1344763
IRS990/OtherExpensesGrp/ProgramServicesAmt2353723
IRS990/OtherExpensesGrp/ProgramServicesAmt390128
IRS990/OtherExpensesGrp/TotalAmt0128848
IRS990/OtherExpensesGrp/TotalAmt1383070
IRS990/OtherExpensesGrp/TotalAmt2353723
IRS990/OtherExpensesGrp/TotalAmt3100142
IRS990/OtherLiabilitiesGrp/BOYAmt065770
IRS990/OtherLiabilitiesGrp/EOYAmt055257
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt099770
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0252448
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt03285837
IRS990/OtherSalariesAndWagesGrp/TotalAmt03638055
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt06224
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt038002
IRS990/PayrollTaxesGrp/ProgramServicesAmt0243727
IRS990/PayrollTaxesGrp/TotalAmt0287953
IRS990/PensionPlanContributionsGrp/FundraisingAmt05104
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt014265
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt0131580
IRS990/PensionPlanContributionsGrp/TotalAmt0150949
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt040000
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt087189
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0201187
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/TotalRevenueColumnAmt07232037
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt11068370
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt229535
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/ExpenseAmt0128848
IRS990/ProgSrvcAccomActy2Grp/GrantAmt00
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt01068370
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0538993
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt01743194
IRS990/PYInvestmentIncomeAmt04699
IRS990/PYOtherExpensesAmt01925621
IRS990/PYOtherRevenueAmt0-24547
IRS990/PYProgramServiceRevenueAmt07984852
IRS990/PYRevenuesLessExpensesAmt0115112
IRS990/PYSalariesCompEmpBnftPaidAmt04720070
IRS990/PYTotalExpensesAmt08388885
IRS990/PYTotalRevenueAmt08503997
IRS990/QuidProQuoContributionsInd0true
IRS990/QuidProQuoContriDisclInd0true
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0627984

Document Assets

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Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$10,406,201
Liabilities
$7,910,188
Net assets
$2,496,013
Revenue
$9,824,282
Expenses
$9,196,298
Net income
$627,984
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
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$11.2$7.80$3.39$9.81$8.93$0.88
2022Detailed filing. Detailed filing data is available for this year.$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