Civic Intelligence

Westminster School Inc

EIN 54-0795756 • 501(c)3 • Annandale, VA

Profile

To provide the opportunity for a superior elementary and middle school education based on exceptionally high curricula and standards.

3819 Gallows RoadAnnandale, VA 22003-1797

www.westminsterschool.com

Siviq Scores

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

Liabilities / Assets

71st percentile

0.34x

Higher debt load relative to assets than 71% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2023

Liabilities / Revenue

67th percentile

0.33x

Higher debt load relative to revenue than 67% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2023

Net Margin

41st percentile

1.1%

Higher net margin than 41% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2023

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

46th percentile

3.6%

Faster asset growth than 46% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2022 to 2023

Revenue Growth

32nd percentile

-1.0%

Faster revenue growth than 32% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2022 to 2023

Assets

Up

$9,341,747

Up $1,664,437 (+22%) from 2024

Liabilities

Up

$3,478,360

Up $925,066 (+36%) from 2024

Net Assets

Up

$5,863,387

Up $739,371 (+14%) from 2024

Revenue

Up

$8,847,096

Up $678,328 (+8.3%) from 2024

Expenses

Up

$8,107,725

Up $266,059 (+3.4%) from 2024

Net Income

Up

$739,371

Up $412,269 (+126%) from 2024

Trend Graphs

Balance Sheet Trend

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

$10M$5.0M$0Assets 2012: $8,492,994Liabilities 2012: $2,538,595Net Assets 2012: $5,954,3992012Assets 2013: $7,427,499Liabilities 2013: $2,252,179Net Assets 2013: $5,175,3202013Assets 2014: $6,622,766Liabilities 2014: $2,074,287Net Assets 2014: $4,548,4792014Assets 2015: $6,080,021Liabilities 2015: $2,083,496Net Assets 2015: $3,996,5252015Assets 2016: $5,873,893Liabilities 2016: $2,048,481Net Assets 2016: $3,825,4122016Assets 2017: $5,555,473Liabilities 2017: $2,160,846Net Assets 2017: $3,394,6272017Assets 2018: $5,521,029Liabilities 2018: $2,205,066Net Assets 2018: $3,315,9632018Assets 2019: $5,650,334Liabilities 2019: $2,182,173Net Assets 2019: $3,468,1612019Assets 2020: $5,800,792Liabilities 2020: $2,031,369Net Assets 2020: $3,769,4232020Assets 2021: $6,281,101Liabilities 2021: $2,093,369Net Assets 2021: $4,187,7322021Assets 2022: $7,024,021Liabilities 2022: $2,307,551Net Assets 2022: $4,716,4702022Assets 2023: $7,277,346Liabilities 2023: $2,480,432Net Assets 2023: $4,796,9142023Assets 2024: $7,677,310Liabilities 2024: $2,553,294Net Assets 2024: $5,124,0162024Assets 2025: $9,341,747Liabilities 2025: $3,478,360Net Assets 2025: $5,863,3872025

Highlighted filing

2025

Assets$9,341,747
Liabilities$3,478,360
Net Assets$5,863,387

Operations Trend

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

$10M$5.0M$0-$5.0MRevenue 2012: $5,400,950Expenses 2012: $5,830,311Net Income 2012: -$429,3612012Revenue 2013: $5,020,940Expenses 2013: $5,799,950Net Income 2013: -$779,0102013Revenue 2014: $5,487,405Expenses 2014: $6,114,246Net Income 2014: -$626,8412014Revenue 2015: $5,473,944Expenses 2015: $6,025,898Net Income 2015: -$551,9542015Revenue 2016: $5,608,364Expenses 2016: $5,779,477Net Income 2016: -$171,1132016Revenue 2017: $5,845,054Expenses 2017: $6,275,839Net Income 2017: -$430,7852017Revenue 2018: $6,410,757Expenses 2018: $6,489,944Net Income 2018: -$79,1872018Revenue 2019: $6,299,465Expenses 2019: $6,147,267Net Income 2019: $152,1982019Revenue 2020: $6,569,192Expenses 2020: $6,267,930Net Income 2020: $301,2622020Revenue 2021: $6,792,806Expenses 2021: $6,374,497Net Income 2021: $418,3092021Revenue 2022: $7,488,716Expenses 2022: $6,959,978Net Income 2022: $528,7382022Revenue 2023: $7,411,193Expenses 2023: $7,330,749Net Income 2023: $80,4442023Revenue 2024: $8,168,768Expenses 2024: $7,841,666Net Income 2024: $327,1022024Revenue 2025: $8,847,096Expenses 2025: $8,107,725Net Income 2025: $739,3712025

Highlighted filing

2025

Revenue$8,847,096
Expenses$8,107,725
Net Income$739,371

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$9.34$3.48$5.86$8.85$8.11$0.74
2024Detailed filing. Detailed filing data is available for this year.$7.68$2.55$5.12$8.17$7.84$0.33
2023Detailed filing. Detailed filing data is available for this year.$7.28$2.48$4.80$7.41$7.33$0.08
2022Detailed filing. Detailed filing data is available for this year.$7.02$2.31$4.72$7.49$6.96$0.53
2021Detailed filing. Detailed filing data is available for this year.$6.28$2.09$4.19$6.79$6.37$0.42
2020Detailed filing. Detailed filing data is available for this year.$5.80$2.03$3.77$6.57$6.27$0.30
2019Detailed filing. Detailed filing data is available for this year.$5.65$2.18$3.47$6.30$6.15$0.15
2018Summary only. Only limited summary data is available for this year.$5.52$2.21$3.32$6.41$6.49$0.08
2017Summary only. Only limited summary data is available for this year.$5.56$2.16$3.39$5.85$6.28$0.43
2016Summary only. Only limited summary data is available for this year.$5.87$2.05$3.83$5.61$5.78$0.17
2015Summary only. Only limited summary data is available for this year.$6.08$2.08$4.00$5.47$6.03$0.55
2014Summary only. Only limited summary data is available for this year.$6.62$2.07$4.55$5.49$6.11$0.63
2013Summary only. Only limited summary data is available for this year.$7.43$2.25$5.18$5.02$5.80$0.78
2012Summary only. Only limited summary data is available for this year.$8.49$2.54$5.95$5.40$5.83$0.43
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2024 to Jun 30, 2025
Signed
Oct 22, 2025
Return Version
2024v5.2
Gross Receipts
$8,925,233
Mission and Program Overview

Mission

To provide the opportunity for a superior elementary and middle school education based on exceptionally high curricula and standards.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$5,408,651$6,243,820▲ $835,169
Savings and Temporary Cash Investments$1,879,355$1,913,352▲ $33,997
Cash and Non-Interest-Bearing Accounts$167,306$373,368▲ $206,062
Prepaid Expenses and Deferred Charges$122,966$305,850▲ $182,884
Pledges and Grants Receivable-$177,831-
Accounts Receivable$55,714$163,534▲ $107,820
Total Assets$7,677,310$9,341,747▲ $1,664,437
Other Assets Total$43,318$163,992▲ $120,674
Liabilities
Deferred Revenue$2,002,480$2,277,572▲ $275,092
Accounts Payable and Accrued Expenses$482,635$1,138,977▲ $656,342
Other Liabilities$68,179$61,811▼ $6,368
Total Liabilities$2,553,294$3,478,360▲ $925,066
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$4,573,286$4,704,550▲ $131,264
Net Assets With Donor Restrictions$550,730$1,158,837▲ $608,107
Total Net Assets Fund Balance$5,124,016$5,863,387▲ $739,371
Total Liabilities and Net Assets / Fund Balance$7,677,310$9,341,747▲ $1,664,437

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,983,596$3,690,835$6,674,431
Other Land Buildings$1,525,915$446,062$1,971,977
Land$1,484,234-$1,484,234
Equipment$250,075$551,521$801,596
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Nancy SchulerHead of SchoolFT$188,550$9,428$197,978
Nancy Schuler--$188,550$9,428$197,978
Kathryn JacobsonAssistant Head of SchoolFT$100,064$12,872$112,936
Charlotte FosterDirector of Curriculum and PublicationsFT$102,493$5,125$107,618
Dolores NelsonBusiness Manager/SecretaryFT$100,064$5,003$105,067

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$758,076
Program Service Revenue
$8,060,196
Investment Income
$36,999
Other Revenue
$-8,175
All Other Contributions
$697,240
Change in Net Assets
$739,371

Audited Revenue Reconciliation

Revenue per Audited Statements
$6,971,304
Revenue Not Reported on Financial Statements
$1,875,792
Revenue Not Reported on Form 990
$43,149
Other Revenue Adjustments
$1,875,792
Total Revenue per Audited Statements
$7,014,453
Total Revenue per Form 990
$8,847,096
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$4,641,673
Grants and Similar Amounts Paid$1,875,792
Other Expenses$1,590,260
Total Fundraising Expense$229,372
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$3,113,076$375,534$95,825$3,584,435
Grants to Domestic Individuals$1,875,792--$1,875,792
Office Expenses$289,515$69,626$3,801$362,942
Other Employee Benefits$289,829$40,985$13,799$344,613
Occupancy$293,998$34,830$8,048$336,876
Current Officers, Directors, Trustees, and Key Employees$159,945$90,539$62,621$313,105
Payroll Taxes$237,247$33,549$11,295$282,091
Depreciation Depletion$219,907$16,732$2,390$239,029
Advertising$134,540$0$0$134,540
Travel$113,996$2,687$905$117,588
Pension Plan Contributions$103,684$11,428$2,317$117,429
Information Technology$90,393$12,783$4,304$107,480
Fees for Services Other$0$54,134$0$54,134
Insurance$23,503$3,324$1,119$27,946
All Other Expenses$15,140$10,041$0$25,181
Conferences and Meetings$20,548$0$0$20,548
Other Expenses$12,455$1,761$593$14,809
Fees for Services Legal$0$9,378$0$9,378
Interest$3,086$3,086$0$6,172
Total Functional Expenses$7,107,936$770,417$229,372$8,107,725

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$8,107,725
Total Expenses per Audited Statements$6,275,082
Expenses per Audited Statements$6,231,933
Expenses Not Reported on Financial Statements$1,875,792
Other Expense Adjustments$1,875,792
Expenses Not Reported on Form 990$43,149
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$76,727
Fundraising Gross Income$44,668
Gaming Gross Income$2,954
Gaming Direct Expenses$1,410
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Uniform Sales$7,195$7,195$6,356$839
Gala$60,001$5,445$1,474$3,971
Total Events$101,787$40,951$64,355$-23,404
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
11Salary and benefitsNo$78,722
22SalaryNo$8,273
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Finance leases liability$61,811
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
No
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
Yes
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
Westminster School Inc
EIN
54-0795756
Phone
7032563620
Address
3819 Gallows Road, Annandale, VA 22003-1797

Signing Officer

Name
Nancy Schuler
Title
Head of School
Phone
7032563620
Signed
2025-10-22
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Nancy Schuler
Formed
1962
Legal Domicile
Va
Voting Board Members
10
Independent Board Members
10
Employees
96
Volunteers
50

Preparer

Firm
Hozik & Company PLC
Address
9930 Lindel Lane, Vienna, VA 22181
Preparer
Corrie Scott CPA
Phone
8588633319
Supplemental Narrative

Additional Explanations

Pt VI, Line 11B

The Form 990 for the school is prepared by an independent audit firm. The Treasurer reviews the forms to be filed.

Pt VI, Line 12C

The Board of Trustees has a written Conflict of Interest policy and a copy is given to each Trustee once a year to be read, signed and collected by the Board Secretary and filed for record.

Pt VI, Line 15A

The national, state and regional independent school organizations, to which this school is a member, collect statistical data every

Pt VI, Line 15B

year including salary and benefit information of key employees. The results are used as comparability data in determining fair salaries: a. The Headmasters salary, auto allowance and expense account are determined by the Executive Committee of the Board of Trustees, with discussion to come to a decision. All other benefits are the same as all other employees of the school. b. The salary for the Business Manager and other key employees is determined using the same comparability data, with annual increases determined as a percentage by the full Board of Trustees.

Pt VI, Line 19

These documents are kept in the Business Office and copies are distributed by request.

Pt XII, Line 2C

The Treasurer and Business office provide information for the audit. The Finance Committee and full Board review the audited financial statements when completed. The Finance committee approves the auditing firm prior to the audit.

Financial Statement Notes

Pt XI, Line 2D

Financial aid

Pt XII, Line 4B

Financial aid

Pt XI, Line 4B

Special event expenses

Pt XII, Line 2D

Special event expenses

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