Civic Intelligence

The Miller School of Albemarle

EIN 54-0515717 • 501(c)3 • Charlottesville, VA

Profile

We create opportunities for discovery and reflection by engaging the minds, hands, and hearts of our students.

1000 Samuel Miller LoopCharlottesville, VA 22903-7527

www.millerschool.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

28th percentile

0.06x

Higher debt load relative to assets than 28% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2024

Liabilities / Revenue

29th percentile

0.12x

Higher debt load relative to revenue than 29% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2024

Net Margin

83rd percentile

33%

Higher net margin than 83% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2024

Top Officer Pay

54th percentile

$280,826

Higher top officer pay than 54% of similar nonprofits.

Top officer pay equals 1.5% of source-year revenue.

501(c)3 • $25M-$50M nonprofits • Source year 2024

Asset Growth

87th percentile

25%

Faster asset growth than 87% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Annualized from 2023 to 2024

Revenue Growth

84th percentile

44%

Faster revenue growth than 84% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Annualized from 2023 to 2024

Assets

Up

$41,144,055

Up $8,159,543 (+25%) from 2023

Liabilities

Up

$2,338,129

Up $82,548 (+3.7%) from 2023

Net Assets

Up

$38,805,926

Up $8,076,995 (+26%) from 2023

Revenue

Up

$18,976,276

Up $5,828,178 (+44%) from 2023

Expenses

Up

$12,737,265

Up $798,923 (+6.7%) from 2023

Net Income

Up

$6,239,011

Up $5,029,255 (+416%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$60M$40M$20M$0Assets 2011: $26,590,245Liabilities 2011: $2,234,735Net Assets 2011: $24,355,5102011Assets 2012: $26,213,211Liabilities 2012: $2,633,797Net Assets 2012: $23,579,4142012Assets 2013: $26,896,399Liabilities 2013: $2,540,606Net Assets 2013: $24,355,7932013Assets 2014: $30,016,021Liabilities 2014: $3,340,487Net Assets 2014: $26,675,5342014Assets 2015: $29,379,634Liabilities 2015: $2,977,908Net Assets 2015: $26,401,7262015Assets 2016: $28,230,569Liabilities 2016: $3,214,602Net Assets 2016: $25,015,9672016Assets 2017: $30,740,236Liabilities 2017: $4,977,784Net Assets 2017: $25,762,4522017Assets 2018: $30,391,278Liabilities 2018: $3,168,525Net Assets 2018: $27,222,7532018Assets 2019: $30,454,945Liabilities 2019: $2,391,624Net Assets 2019: $28,063,3212019Assets 2020: $31,301,486Liabilities 2020: $3,054,043Net Assets 2020: $28,247,4432020Assets 2021: $35,553,057Liabilities 2021: $2,927,694Net Assets 2021: $32,625,3632021Assets 2022: $30,725,612Liabilities 2022: $2,471,560Net Assets 2022: $28,254,0522022Assets 2023: $32,984,512Liabilities 2023: $2,255,581Net Assets 2023: $30,728,9312023Assets 2024: $41,144,055Liabilities 2024: $2,338,129Net Assets 2024: $38,805,9262024

Highlighted filing

2024

Assets$41,144,055
Liabilities$2,338,129
Net Assets$38,805,926

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$20M$10M$0-$10MRevenue 2011: $5,778,313Expenses 2011: $5,912,782Net Income 2011: -$134,4692011Revenue 2012: $6,528,048Expenses 2012: $6,464,002Net Income 2012: $64,0462012Revenue 2013: $6,983,536Expenses 2013: $6,778,809Net Income 2013: $204,7272013Revenue 2014: $8,152,758Expenses 2014: $7,146,348Net Income 2014: $1,006,4102014Revenue 2015: $7,954,797Expenses 2015: $7,724,430Net Income 2015: $230,3672015Revenue 2016: $7,007,857Expenses 2016: $8,052,292Net Income 2016: -$1,044,4352016Revenue 2017: $8,719,883Expenses 2017: $8,230,537Net Income 2017: $489,3462017Revenue 2018: $11,444,414Expenses 2018: $8,502,024Net Income 2018: $2,942,3902018Revenue 2019: $10,156,442Expenses 2019: $9,147,756Net Income 2019: $1,008,6862019Revenue 2020: $10,041,460Expenses 2020: $9,704,841Net Income 2020: $336,6192020Revenue 2021: $8,965,798Expenses 2021: $8,947,593Net Income 2021: $18,2052021Revenue 2022: $11,081,674Expenses 2022: $11,045,807Net Income 2022: $35,8672022Revenue 2023: $13,148,098Expenses 2023: $11,938,342Net Income 2023: $1,209,7562023Revenue 2024: $18,976,276Expenses 2024: $12,737,265Net Income 2024: $6,239,0112024

Highlighted filing

2024

Revenue$18,976,276
Expenses$12,737,265
Net Income$6,239,011

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$41.1$2.34$38.8$19.0$12.7$6.24
2023Detailed filing. Detailed filing data is available for this year.$33.0$2.26$30.7$13.1$11.9$1.21
2022Detailed filing. Detailed filing data is available for this year.$30.7$2.47$28.3$11.1$11.0$0.04
2021Detailed filing. Detailed filing data is available for this year.$35.6$2.93$32.6$8.97$8.95$0.02
2020Detailed filing. Detailed filing data is available for this year.$31.3$3.05$28.2$10.0$9.70$0.34
2019Detailed filing. Detailed filing data is available for this year.$30.5$2.39$28.1$10.2$9.15$1.01
2018Detailed filing. Detailed filing data is available for this year.$30.4$3.17$27.2$11.4$8.50$2.94
2017Detailed filing. Detailed filing data is available for this year.$30.7$4.98$25.8$8.72$8.23$0.49
2016Detailed filing. Detailed filing data is available for this year.$28.2$3.21$25.0$7.01$8.05$1.04
2015Detailed filing. Detailed filing data is available for this year.$29.4$2.98$26.4$7.95$7.72$0.23
2014Summary only. Only limited summary data is available for this year.$30.0$3.34$26.7$8.15$7.15$1.01
2013Summary only. Only limited summary data is available for this year.$26.9$2.54$24.4$6.98$6.78$0.20
2012Summary only. Only limited summary data is available for this year.$26.2$2.63$23.6$6.53$6.46$0.06
2011Summary only. Only limited summary data is available for this year.$26.6$2.23$24.4$5.78$5.91$0.13
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
May 15, 2025
Return Version
2023v6.0
Gross Receipts
$20,226,457
Mission and Program Overview

Mission

The corporation is a nonprofit corporation established exclusively for educational purposes. Namely for the purposes of operating an accredited school in western albemarle county, virginia.

Educate the minds, hands, and hearts of our students.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$18,437,046$20,170,860▲ $1,733,814
Land, Buildings, and Equipment, Net$9,634,803$9,149,533▼ $485,270
Savings and Temporary Cash Investments$2,265,246$5,563,246▲ $3,298,000
Pledges and Grants Receivable$208,379$3,040,899▲ $2,832,520
Other Notes and Loans Receivable, Net-$2,212,782-
Prepaid Expenses and Deferred Charges$228,614$180,366▼ $48,248
Cash and Non-Interest-Bearing Accounts$1,495,014$124,309▼ $1,370,705
Accounts Receivable$101,234$71,519▼ $29,715
Inventories for Sale or Use$14,005--
Total Assets$32,984,512$41,144,055▲ $8,159,543
Other Assets Total$600,171$630,541▲ $30,370
Liabilities
Deferred Revenue$1,492,156$1,270,191▼ $221,965
Accounts Payable and Accrued Expenses$479,171$665,212▲ $186,041
Other Liabilities$273,751$277,726▲ $3,975
Unsecured Notes Loans Payable-$125,000-
Mortgage Notes Payable Secured by Investment Property$10,503--
Total Liabilities$2,255,581$2,338,129▲ $82,548
Net Assets / Fund Balance
Net Assets With Donor Restrictions$20,767,253$25,352,488▲ $4,585,235
Net Assets Without Donor Restrictions$9,961,678$13,453,438▲ $3,491,760
Total Net Assets Fund Balance$30,728,931$38,805,926▲ $8,076,995
Total Liabilities and Net Assets / Fund Balance$32,984,512$41,144,055▲ $8,159,543

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$7,781,676$9,501,902$17,283,578
Equipment$529,661$3,039,474$3,569,135
Land$837,400-$837,400
Other Land Buildings$796$170,953$171,749

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2023$18,437,046$2,375,000▲ $2,510,541$695,262$22,545,860
2022$17,135,298-▲ $2,146,143$767,493$18,437,046
2021$21,173,405-▼ $3,387,809$560,730$17,135,298
2020$17,102,877-▲ $5,230,425$1,079,166$21,173,405
2019$17,386,787$35,500▲ $634,249$882,037$17,102,877
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
J Michael DrudeHead of School/secretaryFT$239,106$41,720$280,826
Brad Bodager - Director ofInstitutional AdvancmentFT$155,400$34,127$189,527
Matthew BenefieldDirector of Finance and OpFT$131,250$6,310$137,560

Board Members and Trustees

Highest Paid Contractors

ContractorServicesLocationCompensation
Sage Dining Services INCFood Service1402 YORK ROAD SUITE 100, Lutherville, MD 21093, Hk$1,001,035
National Management Resources CorpHousekeeping And Landscaping ServicesPO BOX 1224, Lagrange, GA 30241$354,729
Golden Education International ConsultanStudent Recruitment-$159,620
Revenue and Support

Revenue Composition

Contributions and Grants
$3,560,961
Program Service Revenue
$10,009,814
Investment Income
$5,201,816
Other Revenue
$203,685
All Other Contributions
$3,560,961
Change in Net Assets
$6,239,011

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 Table14$16,162Fair Market Value
Other Non Cash Contri Table63$3,413Fair Market Value
Securities Publicly Traded1$2,607Fair Market Value
Other Non Cash Contri Table2$2,500Fair Market Value
Other Non Cash Contri Table14$1,653Fair Market Value
Total Noncash Contributions94$26,335-

Audited Revenue Reconciliation

Revenue per Audited Statements
$16,389,636
Revenue Not Reported on Financial Statements
$2,586,640
Revenue Not Reported on Form 990
$1,837,984
Other Revenue Adjustments
$2,505,175
Total Revenue per Audited Statements
$18,227,620
Total Revenue per Form 990
$18,976,276
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$5,471,223
Other Expenses$4,760,867
Grants and Similar Amounts Paid$2,505,175
Total Fundraising Expense$546,894
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$3,392,195$531,833$141,337$4,065,365
Grants to Domestic Individuals$2,505,175--$2,505,175
Depreciation Depletion$738,335$31,088$7,772$777,195
Current Officers, Directors, Trustees, and Key Employees-$418,386$189,527$607,913
Occupancy$498,283$15,812$6,086$520,181
Other Employee Benefits$386,663$65,603$17,765$470,031
All Other Expenses$333,879$609$86,285$420,773
Payroll Taxes$266,435$38,515$22,964$327,914
Insurance$224,129--$224,129
Fees for Services Other$212,843$4,007-$216,850
Information Technology$199,718$45$462$200,225
Other Expenses$58,204$10,189$58,544$126,937
Advertising$91,321-$4,677$95,998
Fees for Service Investment Mgmnt Fees-$81,465-$81,465
Fees for Services Legal$60,836--$60,836
Office Expenses$38,305$3,170$1,922$43,397
Fees for Services Accounting-$33,250-$33,250
Travel$30,698-$722$31,420
Total Functional Expenses$10,952,048$1,238,323$546,894$12,737,265

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$12,737,265
Expenses per Audited Statements$10,150,625
Total Expenses per Audited Statements$10,150,625
Expenses Not Reported on Financial Statements$2,586,640
Other Expense Adjustments$2,505,175
Expenses Not Reported on Form 990$0
International Activity

International Summary

Offices
0
Employees
0
Spending
$159,620

International Compliance

Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No

International Activities

RegionActivityServicesOfficesEmployeesSpending
East Asia and the PacificProgram ServicesFees Paid to Golden Education, in Hong Kong, for Recruitment of Foreign Students.00$159,620
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
457(b) Employee Retirement Payable$148,216
Student Deposits$77,619
Obligations Under Operating Leases$51,891
Governance and Compliance

Governance Checklist

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

Governance Explanations

Form 990, Part VI, Section B, Line 11B

The form 990 is reviewed by the school's finance committee upon completion of the informational return. The form 990 is available for review by the members of the board prior to filing. Afterwards, the form 990 is filed and is available for public inspection upon request.

Form 990, Part VI, Section B, Line 12C

A copy of the conflict of interest policy is required to be reviewed and signed by all trustees, officers, and key employees on an annual basis. Where a potential conflict of interest exists, it is the responsibility of the person involved or any other person with knowledge to notify the board of trustees of the circumstances resulting in the potential conflict so that the board of trustees can provide guidance and take such action as it deems appropriate.

Form 990, Part VI, Section B, Line 15

The school's salaries are determined using statistical data provided by the virginia association of independent schools as a basis. The board determines the head of school's wages and the head of school determines the wages of all other employees of the school.

Form 990, Part VI, Section C, Line 18

The school's governing documents, conflict of interest policy, and audited financial statements can be distributed to the public upon request. However, all requests are subject to the approval of the head of school and the school's consideration of the intended use of the documents.

Form 990, Part VI, Section C, Line 19

The school's form 1023 and form 990 can be distributed to the public upon request. However, all requests are subject to the approval of the head of school and the school's consideration of the intended use of the documents.

Filing and Contact Details

Filer

Filer Name
The Miller School of Albemarle
EIN
54-0515717
Phone
4348234805
Address
1000 SAMUEL MILLER LOOP, CHARLOTTESVILLE, VA 22903-7527

Signing Officer

Name
Mr Michael Drude
Title
Head of School
Phone
4348234805
Signed
2025-05-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Mr Michael Drude
Formed
1878
Legal Domicile
Va
Voting Board Members
18
Independent Board Members
17
Employees
98
Volunteers
40

Preparer

Firm
Hantzmon Wiebel Llp
Address
PO BOX 1408, CHARLOTTESVILLE, VA 22902
Preparer
Travis W Simpson
Phone
4342962156
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 2C

The finance committee of the school's board of trustees is responsible for the selection and retention of independent auditors. The process for selecing independent auditors has not changed from the prior year.

Financial Statement Notes

PART V, LINE 4:

The school's endowment consists of 30 individual funds established for a variety of purposes. The endowment includes both donor-restricted endowment funds established for financial aid and operational uses as well as funds designated by the board of directors to function as endowments.

PART X, LINE 2:

The school is exempt from income taxes under section 501(c)(3) of the internal revenue code. The school has reviewed and evaluated the relevant technical merits of each of its tax positions in accordance with guidance established by the financial accounting standards board and determined that there are no uncertain tax positions that would have a material impact on the financial statements of the school.

PART XI, LINE 4B - OTHER ADJUSTMENTS:

Tuition reductions 2,505,175.

PART XII, LINE 4B - OTHER ADJUSTMENTS:

Tuition reductions 2,505,175.

Raw XML AppendixShowing 400 of 722 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/Form990PartVIISectionAGrp/AverageHoursPerWeekRt122.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt132.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1440.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt152.00
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IRS990/Form990PartVIISectionAGrp/TitleTxt4TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt5TRUSTEE
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