Civic Intelligence

The Williams School

990 • Fiscal year 2016 • EIN 51-0201345

Jul 01, 2015 to Jun 30, 2016 • Filed on Oct 15, 2016

Organization Profilewww.thewilliamsschool.org

View Organization Page

419 Colonial AvenueNorfolk, VA 23507

(757) 627-1383

Siviq Scores

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

Liabilities / Assets

53rd percentile

0.21x

Higher debt load relative to assets than 53% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Liabilities / Revenue

68th percentile

0.46x

Higher debt load relative to revenue than 68% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Net Margin

80th percentile

20%

Higher net margin than 80% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Top Officer Pay

66th percentile

$160,360

Higher top officer pay than 66% of similar nonprofits.

Top officer pay equals 3.6% of source-year revenue.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Asset Growth

68th percentile

7.0%

Faster asset growth than 68% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2015 to 2016

Revenue Growth

24th percentile

-8.3%

Faster revenue growth than 24% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets53rd percentile

Assets

Up

$9,767,355

Up $638,538 (+7.0%) from 2015

Net Assets

Up

$7,730,909

Up $908,203 (+13%) from 2015

Liabilities

Down

$2,036,446

Down $269,665 (-12%) from 2015

Revenue And Expenses
Liabilities / Revenue68th percentileNet Margin80th percentile

Revenue

Down

$4,473,100

Down $404,570 (-8.3%) from 2015

Expenses

Up

$3,587,143

Up $253,758 (+7.6%) from 2015

Net Income

Down

$885,957

Down $658,328 (-43%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth68th percentile

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

$10M$5.0M$0Assets 2011: $6,607,059Liabilities 2011: $2,705,919Net Assets 2011: $3,901,1402011Assets 2012: $6,622,661Liabilities 2012: $2,657,676Net Assets 2012: $3,964,9852012Assets 2013: $6,606,798Liabilities 2013: $2,462,110Net Assets 2013: $4,144,6882013Assets 2014: $7,983,055Liabilities 2014: $2,399,461Net Assets 2014: $5,583,5942014Assets 2015: $9,128,817Liabilities 2015: $2,306,111Net Assets 2015: $6,822,7062015Assets 2016: $9,767,355Liabilities 2016: $2,036,446Net Assets 2016: $7,730,9092016Assets 2017: $9,941,194Liabilities 2017: $1,835,204Net Assets 2017: $8,105,9902017Assets 2018: $9,894,102Liabilities 2018: $1,577,165Net Assets 2018: $8,316,9372018Assets 2019: $9,512,755Liabilities 2019: $1,189,252Net Assets 2019: $8,323,5032019Assets 2020: $8,812,953Liabilities 2020: $1,361,219Net Assets 2020: $7,451,7342020Assets 2021: $8,477,789Liabilities 2021: $764,635Net Assets 2021: $7,713,1542021Assets 2022: $7,243,363Liabilities 2022: $837,474Net Assets 2022: $6,405,8892022Assets 2023: $6,878,750Liabilities 2023: $767,647Net Assets 2023: $6,111,1032023Assets 2024: $7,078,935Liabilities 2024: $921,220Net Assets 2024: $6,157,7152024Assets 2025: $6,691,801Liabilities 2025: $885,774Net Assets 2025: $5,806,0272025

Highlighted filing

2016

Assets$9,767,355
Liabilities$2,036,446
Net Assets$7,730,909
Open 2016 Filing

Operations Trend

Revenue Growth24th percentile

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

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2011: $2,736,149Expenses 2011: $2,796,885Net Income 2011: -$60,7362011Expenses 2012: $2,918,7002012Expenses 2013: $3,198,2312013Revenue 2014: $4,392,482Expenses 2014: $3,372,838Net Income 2014: $1,019,6442014Revenue 2015: $4,877,670Expenses 2015: $3,333,385Net Income 2015: $1,544,2852015Revenue 2016: $4,473,100Expenses 2016: $3,587,143Net Income 2016: $885,9572016Revenue 2017: $3,638,706Expenses 2017: $3,632,071Net Income 2017: $6,6352017Revenue 2018: $3,867,542Expenses 2018: $3,748,168Net Income 2018: $119,3742018Revenue 2019: $3,863,121Expenses 2019: $3,907,902Net Income 2019: -$44,7812019Revenue 2020: $3,205,344Expenses 2020: $4,045,381Net Income 2020: -$840,0372020Revenue 2021: $3,890,139Expenses 2021: $3,992,275Net Income 2021: -$102,1362021Revenue 2022: $3,407,577Expenses 2022: $4,214,796Net Income 2022: -$807,2192022Revenue 2023: $3,165,986Expenses 2023: $3,684,289Net Income 2023: -$518,3032023Revenue 2024: $3,818,108Expenses 2024: $4,065,994Net Income 2024: -$247,8862024Revenue 2025: $3,824,697Expenses 2025: $4,379,247Net Income 2025: -$554,5502025

Highlighted filing

2016

Revenue$4,473,100
Expenses$3,587,143
Net Income$885,957
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Oct 15, 2016
Return Version
2015v2.1
Gross Receipts
$4,851,444
Mission and Program Overview

Mission

The williams school builds with each child the foundation for academic, moral and social success. A williams school student embodies confidence, integrity and a love of learning.

The Williams School builds with each child the foundation for the foundation for academic, moral, and social success.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$4,638,018$5,192,572▲ $554,554
Land, Buildings, and Equipment, Net$2,333,037$2,382,190▲ $49,153
Pledges and Grants Receivable$942,377$1,145,110▲ $202,733
Savings and Temporary Cash Investments$548,199$616,026▲ $67,827
Accounts Receivable$151,750$212,695▲ $60,945
Cash and Non-Interest-Bearing Accounts$437,220$149,005▼ $288,215
Prepaid Expenses and Deferred Charges$42,611$38,871▼ $3,740
Other Notes and Loans Receivable, Net$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$9,128,817$9,767,355▲ $638,538
Other Assets Total$35,605$30,886▼ $4,719
Liabilities
Tax Exempt Bond Liabilities$1,500,000$1,200,000▼ $300,000
Deferred Revenue$661,175$696,485▲ $35,310
Accounts Payable and Accrued Expenses$52,325$105,706▲ $53,381
Other Liabilities$78,396$31,004▼ $47,392
Unsecured Notes Loans Payable$14,215$3,251▼ $10,964
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Escrow Account Liability$0$0→ $0
Total Liabilities$2,306,111$2,036,446▼ $269,665
Net Assets / Fund Balance
Temporarily Rstr Net Assets$2,798,095$3,307,296▲ $509,201
Unrestricted Net Assets$2,117,777$2,514,279▲ $396,502
Permanently Rstr Net Assets$1,906,834$1,909,334▲ $2,500
Total Net Assets Fund Balance$6,822,706$7,730,909▲ $908,203
Total Liabilities and Net Assets / Fund Balance$9,128,817$9,767,355▲ $638,538

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,964,388$1,404,056$3,368,444
Equipment$348,619$604,750$953,369
Other Land Buildings$44,183$126,439$170,622
Land$25,000-$25,000

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2015$2,274,373$2,500▲ $31,771$88,000$2,220,644
2014$2,290,605$2,500▲ $68,268$87,000$2,274,373
2013$501,400$1,606,407▲ $266,170$83,372$2,290,605
2012$483,661-▲ $17,739-$501,400
2011$475,078-▲ $8,583-$483,661
Compensation and Service Providers
Top Officer Pay66th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Michael SpencerHead of SchoolFT$156,011$4,349$160,360

Board Members and Trustees

NameTitle
Trustees listing is attachedTrustees
Revenue and Support

Revenue Composition

Contributions and Grants
$1,187,424
Program Service Revenue
$3,126,512
Investment Income
$96,163
Other Revenue
$63,001
All Other Contributions
$1,187,424
Change in Net Assets
$885,957

Audited Revenue Reconciliation

Revenue per Audited Statements
$4,163,808
Revenue Not Reported on Financial Statements
$309,292
Revenue Not Reported on Form 990
$22,246
Other Revenue Adjustments
$309,292
Total Revenue per Audited Statements
$4,186,054
Total Revenue per Form 990
$4,473,100
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$2,378,102
Other Expenses$899,749
Grants and Similar Amounts Paid$309,292
Total Fundraising Expense$232,893
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,560,010$234,001$156,001$1,950,012
Grants to Domestic Individuals$309,292--$309,292
All Other Expenses$164,397$95,743$35,856$295,996
Depreciation Depletion$146,733$13,043$3,261$163,037
Payroll Taxes$123,344$18,501$12,334$154,179
Current Officers, Directors, Trustees, and Key Employees$117,165$17,575$11,717$146,457
Other Expenses$131,262$11,668$2,917$145,847
Other Employee Benefits$101,964$15,294$10,196$127,454
Interest-$47,526-$47,526
Fees for Services Accounting-$42,266-$42,266
Insurance$27,476$2,442$611$30,529
Information Technology$26,030--$26,030
Office Expenses-$5,738-$5,738
Total Functional Expenses$2,850,453$503,797$232,893$3,587,143

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$3,587,143
Expenses per Audited Statements$3,277,851
Total Expenses per Audited Statements$3,277,851
Expenses Not Reported on Financial Statements$309,292
Other Expense Adjustments$309,292
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$96,867
Fundraising Direct Expenses$36,145
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Auction$91,003$91,003$15,863$75,140
Book Fairs$2,972$2,972-$2,972
Total Events$96,867$96,867$36,145$60,722
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Interest Rate Swap$31,004
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
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

Governance Explanations

Form 990, Part VI, Section B, Line 11B - Review of Form 990

“The form 990 is reviewed by the finance committee and distributed to the board of trustees before filing.”

Form 990, Part VI, Section B, Line 12C - Conflict of Interest

“The board of trustees signs a conflict of interest policy each year. The executive committee, as a sub-committee of the board, then monitors any conflict of interest issues if they arise throughout the year. If there is a possible conflict of interest found, the governance committee of the board investigates the issue and ultimately the chair of the board reviews that committee's recommendation as to how to proceed.”

Form 990, Part VI, Section B, Line 15 - Salary Recommendations

“The finance committee of the board, after reviewing statistical data from both the national association of independent schools and the virginia association of independent schools and tidewater region of the virginia association of independent schools, recommends a salary and benefits package for the head of school to the board of trustees and that is voted on within the budgetary process. All other key officers of the school are under the supervision of the head of school who uses both virginia assocation of independent schools data along with more specific tidewater region independent schools as well as local public school districts as a marker for compensation.”

Form 990, Part VI, Section C, Line 19 - Available to Public

“All governing documents are available to the school community. The school community can attend board meetings if they wish but must leave during executive session. We make our financial statements available through our annual report.”

Filing and Contact Details

Filer

Filer Name
The Williams School
EIN
51-0201345
In Care Of
% THE OFFICERS
Phone
7576271383
Address
419 COLONIAL AVENUE, NORFOLK, VA 23507

Signing Officer

Name
Michael Spencer
Title
Head of School
Phone
7576271383
Signed
2016-10-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Michael Spencer
Formed
1976
Legal Domicile
Va
Voting Board Members
16
Independent Board Members
16
Employees
76
Volunteers
120

Preparer

Firm
McPhillips Roberts & Deans PLC
Address
150 Boush Street Suite 1100, Norfolk, VA 23510
Preparer
Joy M Bixler
Phone
7576407190
Supplemental Narrative

Additional Explanations

Form 990, Part III, line 4 - Program Service Accomplishments

“Disciplines so that the children see the connection between what they learn in one subject and study in another.”

3

“No changes were made to the school's oversight of the audit.”

Financial Statement Notes

Part X, line 2 - Exemptions

“The School is exempt from income taxes under Section 501(c)(3) of the Internal Revenue Code; except on net income, if any, resulting from unrelated business taxable income. However, the School is required to file income tax returns. Tax years before 2012 are no longer subject to federal or state income tax examinations. Management continually evaluates tax positions reflected in the School's tax filings and does not believe that any material uncertain tax positions exist.”

Part V, line 4 - Endowment funds

“The School's endowment consists of one donor-restricted fund held with the School for the purpose of attracting other donors who wish to support teachers' salaries in perpetuity through gifts to the endowment.”

Part XI and XII, line 4B - Financial Aid

“Financial statments net financial aid with gross tuition. Form 990 reports financial aid on Part IX Statement of Functional Expenses.”

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IRS990/MissionDesc0THE WILLIAMS SCHOOL BUILDS WITH EACH CHILD THE FOUNDATION FOR ACADEMIC, MORAL AND SOCIAL SUCCESS. A WILLIAMS SCHOOL STUDENT EMBODIES CONFIDENCE, DISCIPLINE, INTEGRITY AND A LOVE OF LEARNING.
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IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
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IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
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IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0101964
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IRS990/OtherExpensesGrp/Desc0ADMISSIONS
IRS990/OtherExpensesGrp/Desc1ATHLETICS
IRS990/OtherExpensesGrp/Desc2EDUC.SUPPL & EXTENDED PROG
IRS990/OtherExpensesGrp/Desc3REPAIRS & MAINTENANCE
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IRS990/OtherExpensesGrp/ProgramServicesAmt141060
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IRS990/OtherSalariesAndWagesGrp/FundraisingAmt0156001
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IRS990/OtherSalariesAndWagesGrp/TotalAmt01950012
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IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt012334
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt018501
IRS990/PayrollTaxesGrp/ProgramServicesAmt0123344
IRS990/PayrollTaxesGrp/TotalAmt0154179
IRS990/PensionPlanContributionsGrp/TotalAmt00
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IRS990/PoliticalCampaignActyInd0false
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IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt038871
IRS990/PrincipalOfficerNm0MICHAEL SPENCER
IRS990/ProfessionalFundraisingInd0false
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IRS990/ProgramServiceRevenueGrp/Desc0TUITION & FEES
IRS990/ProgramServiceRevenueGrp/Desc1EXTENDED DAY PROGRAM
IRS990/ProgramServiceRevenueGrp/Desc2TRANSPORTATION
IRS990/ProgramServiceRevenueGrp/Desc3FOOD
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt03035189
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt161402
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt226800
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt33121
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt03035189
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt161402
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt226800
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt33121
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt01386807
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt0279285
IRS990/PYInvestmentIncomeAmt0469812
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0838304
IRS990/PYOtherRevenueAmt071736
IRS990/PYProgramServiceRevenueAmt02949315
IRS990/PYRevenuesLessExpensesAmt01544285
IRS990/PYSalariesCompEmpBnftPaidAmt02215796
IRS990/PYTotalExpensesAmt03333385
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt04877670
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/BOYAmt00
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0885957
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/PersonalAmt00
IRS990/RentalIncomeOrLossGrp/RealAmt00
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt03126512
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0548199
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0616026
IRS990ScheduleA/SchoolInd0X
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/BuildingsGrp/BookValueAmt01964388
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01404056
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt03368444
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt02274373
IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt02500
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt02220644
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt031771
IRS990ScheduleD/CYEndwmtFundGrp/OtherExpendituresAmt088000
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt02290605
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt02500
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt02274373
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt068268
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/OtherExpendituresAmt087000
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt0501400
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt01606407
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IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0266170
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/OtherExpendituresAmt083372
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt0483661
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt0501400
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt017739
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt0475078
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt0483661
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt08583
IRS990ScheduleD/EquipmentGrp/BookValueAmt0348619
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0604750
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0953369
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt0309292
IRS990ScheduleD/ExpensesSubtotalAmt03277851
IRS990ScheduleD/FederalIncomeTaxLiabilityAmt00
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt025000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt025000
IRS990ScheduleD/NetUnrealizedGainsInvstAmt022246
IRS990ScheduleD/OtherExpensesNotIncludedAmt0309292
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt044183
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0126439
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0170622
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt031004
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0INTEREST RATE SWAP
IRS990ScheduleD/OtherRevenuesNotIncludedAmt0309292
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct00.85980
IRS990ScheduleD/RevenueNotReportedAmt022246
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt0309292
IRS990ScheduleD/RevenueSubtotalAmt04163808
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The School is exempt from income taxes under Section 501(c)(3) of the Internal Revenue Code; except on net income, if any, resulting from unrelated business taxable income. However, the School is required to file income tax returns. Tax years before 2012 are no longer subject to federal or state income tax examinations. Management continually evaluates tax positions reflected in the School's tax filings and does not believe that any material uncertain tax positions exist.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1The School's endowment consists of one donor-restricted fund held with the School for the purpose of attracting other donors who wish to support teachers' salaries in perpetuity through gifts to the endowment.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2Financial statments net financial aid with gross tuition. Form 990 reports financial aid on Part IX Statement of Functional Expenses.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X, line 2 - Exemptions
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1Part V, line 4 - Endowment funds
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2Part XI and XII, line 4b - Financial Aid
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IRS990ScheduleD/TotalLiabilityAmt031004
IRS990ScheduleD/TotalRevenuePerForm990Amt04473100
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt04186054
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt03277851
IRS990ScheduleE/ComplianceWithRevProc7550Ind0true
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd0false
IRS990ScheduleE/DiscriminateRaceAthltProgInd0false
IRS990ScheduleE/DiscriminateRaceEducPlcyInd0false
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd0false
IRS990ScheduleE/DiscriminateRaceOtherActyInd0false
IRS990ScheduleE/DiscriminateRaceSchsInd0false
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd0false
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd0false
IRS990ScheduleE/GovernmentFinancialAidRcvdInd0false
IRS990ScheduleE/GovernmentFinancialAidRvkdInd0false
IRS990ScheduleE/MaintainCpyOfAllSolInd0true
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd0true
IRS990ScheduleE/MaintainRacialCompRecsInd0true
IRS990ScheduleE/MaintainScholarshipsRecsInd0true
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd0true
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd0true
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd0true
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0THE POLICY IS PUBLICIZED IN VARIOUS LOCAL ADVERTISING MEDIA.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0Part I, line 3 - Nondiscriminatory policy
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IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0AUCTION
IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm0BOOK FAIRS
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IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageTotalEventsAmt016119
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IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent2Amt02972

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$9,767,355
Liabilities
$2,036,446
Net assets
$7,730,909
Revenue
$4,473,100
Expenses
$3,587,143
Net income
$885,957
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$6.69$0.89$5.81$3.82$4.38$0.55
2024Detailed filing. Detailed filing data is available for this year.$7.08$0.92$6.16$3.82$4.07$0.25
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.88$0.77$6.11$3.17$3.68$0.52
2022Detailed filing. Detailed filing data is available for this year.$7.24$0.84$6.41$3.41$4.21$0.81
2021Detailed filing. Detailed filing data is available for this year.$8.48$0.76$7.71$3.89$3.99$0.10
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$8.81$1.36$7.45$3.21$4.05$0.84
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$9.51$1.19$8.32$3.86$3.91$0.04
2018Detailed filing. Detailed filing data is available for this year.$9.89$1.58$8.32$3.87$3.75$0.12
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$9.94$1.84$8.11$3.64$3.63$0.01
2016Detailed filing. Detailed filing data is available for this year.$9.77$2.04$7.73$4.47$3.59$0.89
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$9.13$2.31$6.82$4.88$3.33$1.54
2014Detailed filing. Detailed filing data is available for this year.$7.98$2.40$5.58$4.39$3.37$1.02
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.61$2.46$4.14$3.20
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.62$2.66$3.96$2.92
2011Summary only. Only limited summary data is available for this year.$6.61$2.71$3.90$2.74$2.80$0.06