Civic Intelligence

Fredericksburg Academy

990 • Fiscal year 2017 • EIN 54-1568499

Jul 01, 2016 to Jun 30, 2017 • Filed on Feb 19, 2018

Organization ProfileWWW.FREDERICKSBURGACADEMY.ORG

View Organization Page

10800 Academy DriveFredericksburg, VA 22408

(540) 898-0020

Siviq Scores

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

Liabilities / Assets

87th percentile

0.83x

Higher debt load relative to assets than 87% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Liabilities / Revenue

84th percentile

1.49x

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

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Net Margin

22nd percentile

-4.6%

Higher net margin than 22% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Top Officer Pay

42nd percentile

$153,192

Higher top officer pay than 42% of similar nonprofits.

Top officer pay equals 1.9% of source-year revenue.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Asset Growth

16th percentile

-4.2%

Faster asset growth than 16% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2016 to 2017

Revenue Growth

45th percentile

3.2%

Faster revenue growth than 45% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets87th percentile

Assets

Down

$14,643,383

Down $648,445 (-4.2%) from 2016

Net Assets

Down

$2,465,944

Down $374,265 (-13%) from 2016

Liabilities

Down

$12,177,439

Down $274,180 (-2.2%) from 2016

Revenue And Expenses
Liabilities / Revenue84th percentileNet Margin22nd percentile

Revenue

Up

$8,177,698

Up $254,662 (+3.2%) from 2016

Expenses

Up

$8,552,569

Up $94,247 (+1.1%) from 2016

Net Income

Up

-$374,871

Up $160,415 (+30%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth16th percentile

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

$20M$15M$10M$5.0M$0Assets 2010: $18,566,369Liabilities 2010: $12,874,415Net Assets 2010: $5,691,9542010Assets 2011: $18,676,501Liabilities 2011: $13,040,220Net Assets 2011: $5,636,2812011Assets 2012: $18,446,105Liabilities 2012: $12,925,265Net Assets 2012: $5,520,8402012Assets 2013: $17,297,929Liabilities 2013: $12,678,693Net Assets 2013: $4,619,2362013Assets 2014: $16,683,753Liabilities 2014: $12,977,157Net Assets 2014: $3,706,5962014Assets 2015: $15,750,467Liabilities 2015: $12,369,598Net Assets 2015: $3,380,8692015Assets 2016: $15,291,828Liabilities 2016: $12,451,619Net Assets 2016: $2,840,2092016Assets 2017: $14,643,383Liabilities 2017: $12,177,439Net Assets 2017: $2,465,9442017Assets 2018: $14,483,627Liabilities 2018: $10,416,525Net Assets 2018: $4,067,1022018Assets 2019: $14,593,423Liabilities 2019: $10,023,328Net Assets 2019: $4,570,0952019Assets 2020: $14,430,876Liabilities 2020: $8,960,659Net Assets 2020: $5,470,2172020Assets 2021: $15,430,035Liabilities 2021: $8,777,955Net Assets 2021: $6,652,0802021Assets 2022: $16,548,090Liabilities 2022: $9,671,313Net Assets 2022: $6,876,7772022Assets 2023: $17,036,474Liabilities 2023: $9,927,078Net Assets 2023: $7,109,3962023Assets 2024: $19,626,158Liabilities 2024: $10,251,066Net Assets 2024: $9,375,0922024

Highlighted filing

2017

Assets$14,643,383
Liabilities$12,177,439
Net Assets$2,465,944
Open 2017 Filing

Operations Trend

Revenue Growth45th percentile

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

$15M$10M$5.0M$0-$5.0MExpenses 2010: $8,460,3382010Expenses 2011: $7,646,6642011Expenses 2012: $7,994,4212012Revenue 2013: $7,196,500Expenses 2013: $8,107,940Net Income 2013: -$911,4402013Revenue 2014: $7,418,702Expenses 2014: $8,336,084Net Income 2014: -$917,3822014Revenue 2015: $8,019,314Expenses 2015: $8,322,480Net Income 2015: -$303,1662015Revenue 2016: $7,923,036Expenses 2016: $8,458,322Net Income 2016: -$535,2862016Revenue 2017: $8,177,698Expenses 2017: $8,552,569Net Income 2017: -$374,8712017Revenue 2018: $10,489,012Expenses 2018: $8,888,263Net Income 2018: $1,600,7492018Revenue 2019: $9,678,069Expenses 2019: $9,175,008Net Income 2019: $503,0612019Revenue 2020: $9,806,796Expenses 2020: $8,906,674Net Income 2020: $900,1222020Revenue 2021: $10,370,314Expenses 2021: $9,191,131Net Income 2021: $1,179,1832021Revenue 2022: $10,152,012Expenses 2022: $9,934,986Net Income 2022: $217,0262022Revenue 2023: $10,581,044Expenses 2023: $10,348,425Net Income 2023: $232,6192023Revenue 2024: $11,950,365Expenses 2024: $11,088,316Net Income 2024: $862,0492024

Highlighted filing

2017

Revenue$8,177,698
Expenses$8,552,569
Net Income-$374,871
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Feb 19, 2018
Return Version
2016v3.0
Gross Receipts
$8,341,015
Mission and Program Overview

Mission

Fredericksburg academy provides a rigorous, college-preparatory education in a nurturing environment that challenges each student to achieve academic excellence, to think critically and independently, to communicate effectively, and to act honorably.

We inspire and empower our students to discover, to engage, and to imagine the limitless nature of themselves and the world.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$14,562,266$14,068,434▼ $493,832
Accounts Receivable$256,717$290,745▲ $34,028
Loans From Officers Directors$303,000$218,000▼ $85,000
Cash and Non-Interest-Bearing Accounts$331,268$196,516▼ $134,752
Pledges and Grants Receivable$47,190$47,190→ $0
Other Notes and Loans Receivable, Net$42,937--
Inventories for Sale or Use$33,827$21,868▼ $11,959
Savings and Temporary Cash Investments$17,623$18,630▲ $1,007
Total Assets$15,291,828$14,643,383▼ $648,445
Liabilities
Mortgage Notes Payable Secured by Investment Property$10,228,818$10,036,850▼ $191,968
Deferred Revenue$1,800,066$1,754,776▼ $45,290
Accounts Payable and Accrued Expenses$119,735$167,813▲ $48,078
Total Liabilities$12,451,619$12,177,439▼ $274,180
Net Assets / Fund Balance
Unrestricted Net Assets$2,372,103$2,001,332▼ $370,771
Temporarily Rstr Net Assets$468,106$464,612▼ $3,494
Total Net Assets Fund Balance$2,840,209$2,465,944▼ $374,265
Total Liabilities and Net Assets / Fund Balance$15,291,828$14,643,383▼ $648,445

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$8,680,680$6,383,027$15,063,707
Land$3,830,000-$3,830,000
Leasehold Improvements$1,284,303$1,186,274$2,470,577
Equipment$273,451$1,284,826$1,558,277
Compensation and Service Providers
Top Officer Pay42nd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Karen MoschettoEx-officio (head of SchoolFT$146,777$6,415$153,192

Board Members and Trustees

NameTitle
Stephen NorairPresident
Bradley a ReppFirst Vice-president
Jacqueline J PayneSecond Vice President
Brendan P WalshTrustee
Christopher HeinzTrustee
Janice GageTrustee
Jennifer DupuyTrustee
Joseph AmbergerTrustee
Joshua CooperTrustee
KAREN O'DONNELLTrustee
Linda WorrellTrustee
Mojtaba AzimipourTrustee
Thomas WackTrustee
Richard G HarrisonSecretary
Charles SharplessTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$554,072
Program Service Revenue
$7,501,171
Investment Income
$-484
Other Revenue
$122,939
All Other Contributions
$551,817
Change in Net Assets
$-374,871

Noncash Contribution Practices

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

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded5$120,606Fair Market Value
Total Noncash Contributions5$120,606-

Audited Revenue Reconciliation

Revenue per Audited Statements
$6,669,186
Revenue Not Reported on Financial Statements
$1,508,512
Revenue Not Reported on Form 990
$47,240
Other Revenue Adjustments
$1,508,512
Total Revenue per Audited Statements
$6,716,426
Total Revenue per Form 990
$8,177,698
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$4,711,112
Other Expenses$2,332,945
Grants and Similar Amounts Paid$1,508,512
Total Fundraising Expense$130,720
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$3,481,311$299,969$80,000$3,861,280
Grants to Domestic Individuals$1,508,512--$1,508,512
Depreciation Depletion$532,341$28,316$5,663$566,320
Interest$495,641--$495,641
Occupancy$366,952$8,996-$375,948
Other Employee Benefits$307,081$39,407$7,057$353,545
Payroll Taxes$266,320$716$6,120$273,156
Current Officers, Directors, Trustees, and Key Employees-$146,777-$146,777
Pension Plan Contributions$66,319$8,511$1,524$76,354
All Other Expenses$35,195$24,765-$59,960
Advertising$51,486--$51,486
Insurance$39,472$1,711$353$41,536
Office Expenses$32,051$1,016$605$33,672
Other Expenses$3,932$5,744$16,948$26,624
Fees for Services Accounting-$23,150-$23,150
Fees for Services Legal-$3,133-$3,133
Fees for Services Other$1,618--$1,618
Total Functional Expenses$7,824,968$596,881$130,720$8,552,569

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$8,552,569
Total Expenses per Audited Statements$7,090,691
Expenses per Audited Statements$7,044,057
Expenses Not Reported on Financial Statements$1,508,512
Other Expense Adjustments$1,508,512
Expenses Not Reported on Form 990$46,634
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$169,574
Fundraising Direct Expenses$46,635
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Auction$171,829$169,574$46,635$122,939
Total Events$171,829$169,574$46,635$122,939
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$303,000$218,000▼ $85,000
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 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
No
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 finance committee reviews the 990, then after discussion approves the return, recommending it to the full board. The committee chair presents the 990 to the full board for approval at their next meeting and answers questions. The board then votes to approve.”

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

“Enforcement of conflicts policy: at the first board meeting of the year, each director fills out and signs a disclosure statement. At the following trustee meeting any conflicts are discussed and recommendations made as per the policy.”

Form 990, Part VI, Section B, Line 15A

“Compensation process for top official: comparison statistics between market-nais, vais. Compensation determined based on experience, prior salary, history, and comparisons.”

Form 990, Part VI, Section C, Line 19

“Governing documents disclosure explanation: business office provides copies upon request.”

Filing and Contact Details

Filer

Filer Name
Fredericksburg Academy
EIN
54-1568499
Phone
5408980020
Address
10800 ACADEMY DRIVE, FREDERICKSBURG, VA 22408

Signing Officer

Name
Charles Sharpless
Title
Treasurer
Phone
5408980020
Signed
2018-02-19
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Charles Sharpless
Formed
1992
Legal Domicile
Va
Voting Board Members
16
Independent Board Members
15
Employees
175
Volunteers
190

Preparer

Firm
Bishop Farmer & Co Llp
Address
1207 CHARLES STREET, FREDERICKSBURG, VA 22401
Preparer
Harry D Dickinson
Phone
5403738973
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

“The academy adopted the provisions of accounting standards regarding uncertainty in income tax positions; however, management does not believe it is exposed to any such positions as they are defined in the accounting standards. The academy files irs form 990, return of organization exempt from income tax annually.”

PART XI, LINE 2D - OTHER ADJUSTMENTS:

“Direct expense- auction 46,634.”

PART XI, LINE 4B - OTHER ADJUSTMENTS:

“Financial assistance netted against revenue in financial statements 1,508,512.”

PART XII, LINE 2D - OTHER ADJUSTMENTS:

“Direct expense- auction 46,634.”

PART XII, LINE 4B - OTHER ADJUSTMENTS:

“Financial assistance netted against revenue in financial statements 1,508,512.”

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IRS990/ActivityOrMissionDesc0WE INSPIRE AND EMPOWER OUR STUDENTS TO DISCOVER, TO ENGAGE, AND TO IMAGINE THE LIMITLESS NATURE OF THEMSELVES AND THE WORLD.
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IRS990/Desc0THE SCHOOL HAS THREE DIVISIONS: LOWER SCHOOL, WHICH INCLUDES THE EARLY CHILDHOOD PROGRAM THROUGH FIFTH GRADE; MIDDLE SCHOOL, GRADES SIX THROUGH EIGHT; UPPER SCHOOL, GRADES NINE THROUGH TWELVE. LOWER SCHOOL ACCOMPLISHMENTS INCLUDE CROSS-GRADE-LEVEL CONNECTIONS AND MENTORSHIP OPPORTUNITIES, FOREIGN LANGUAGE INSTRUCTION FOR ALL STUDENTS, CHARACTER EDUCATION, MULTIPLE OPPORTUNITIES TO SPEAK PUBLICLY AND PERFORM ON STAGE, THE INTRODUCTION OF A DIGITAL PORTFOLIO, AN IPAD PROGRAM, ANDEXTRACURRICULAR OPPORTUNITIES SUCH AS JUNIOR MASTER GARDENERS, INTERNATIONAL CLUB, AND RUNNING CLUB. MIDDLE SCHOOL ACCOMPLISHMENTS INCLUDE MULTIPLE OPPORTUNITIES FOR ELECTED STUDENT LEADERSHIP, A HANDS-ON FOCUS ON SUSTAINABILITY IN SCIENCE CURRICULUM, EMPHASIS ON SERVICE AND GLOBAL CITIZENSHIP ACROSS THE CURRICULUM, THE GLOBAL EXPLORERS PROGRAM, MEANINGFUL OFF-CAMPUS EXPERIENCES, INTERSCHOLASTIC ATHLETICS, A THRIVING FINE ARTS PROGRAM, AND A FACULTY ADVISORY PROGRAM. UPPER SCHOOL ACCOMPLISHMENTS INCLUDE THE 1:1 LAPTOP PROGRAM AND INTEGRATION OF INSTRUCTIONAL TECHNOLOGY ACROSS THE CURRICULUM, THE SENIOR EXHIBIT INDEPENDENT- STUDY EXPERIENCE, INDIVIDUALIZED COLLEGE COUNSELING, A FACULTY ADVISORY PROGRAM, THRIVING PROGRAMS IN THE ARTS AND SCHOLASTIC JOURNALISM, INTERSCHOLASTIC ATHLETICS, EMPHASIS ON EFFECTIVE WRITTEN AND ORAL COMMUNICATION, AND AUTHENTIC LEADERSHIP BY THE STUDENT GOVERNMENT, HONOR COUNCIL, AND DISCIPLINE COMMITTEE.
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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/ReportableCompFromOrgAmt15146777
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/TitleTxt0TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt1TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt2TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt3TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt4TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt5TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt6TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt7TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt8TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt9TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt10TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt11PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt12SECOND VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt13FIRST VICE-PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt14SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt15EX-OFFICIO (HEAD OF SCHOOL
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01992
IRS990/FormerOfcrEmployeesListedInd00
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IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd01
IRS990/FundraisingAmt02255
IRS990/FundraisingDirectExpensesAmt046635
IRS990/FundraisingGrossIncomeAmt0169574
IRS990/GainOrLossGrp/OtherAmt0-1105
IRS990/GainOrLossGrp/SecuritiesAmt0253
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt016
IRS990/GrantAmt01508512
IRS990/GrantsToDomesticIndividualsGrp/ProgramServicesAmt01508512
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt01508512
IRS990/GrantsToIndividualsInd01
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/OtherAmt0900
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt0114930
IRS990/GrossReceiptsAmt08341015
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt015
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InsuranceGrp/FundraisingAmt0353
IRS990/InsuranceGrp/ManagementAndGeneralAmt01711
IRS990/InsuranceGrp/ProgramServicesAmt039472
IRS990/InsuranceGrp/TotalAmt041536
IRS990/InterestGrp/ProgramServicesAmt0495641
IRS990/InterestGrp/TotalAmt0495641
IRS990/InventoriesForSaleOrUseGrp/BOYAmt033827
IRS990/InventoriesForSaleOrUseGrp/EOYAmt021868
IRS990/InvestmentIncomeGrp/ExclusionAmt0368
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0368
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt08
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt08854127
IRS990/LandBldgEquipBasisNetGrp/BOYAmt014562266
IRS990/LandBldgEquipBasisNetGrp/EOYAmt014068434
IRS990/LandBldgEquipCostOrOtherBssAmt022922561
IRS990/LegalDomicileStateCd0VA
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt02005
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt0114677
IRS990/LoanOutstandingInd01
IRS990/LoansFromOfficersDirectorsGrp/BOYAmt0303000
IRS990/LoansFromOfficersDirectorsGrp/EOYAmt0218000
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0WE INSPIRE AND EMPOWER OUR STUDENTS TO DISCOVER, TO ENGAGE, AND TO IMAGINE THE LIMITLESS NATURE OF THEMSELVES AND THE WORLD.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt010228818
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt010036850
IRS990/NetAssetsOrFundBalancesBOYAmt02840209
IRS990/NetAssetsOrFundBalancesEOYAmt02465944
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0253
IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt0-1105
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0-852
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt0122939
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt0122939
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0606
IRS990/NoncashContributionsAmt0120606
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt08996
IRS990/OccupancyGrp/ProgramServicesAmt0366952
IRS990/OccupancyGrp/TotalAmt0375948
IRS990/OfficeExpensesGrp/FundraisingAmt0605
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt01016
IRS990/OfficeExpensesGrp/ProgramServicesAmt032051
IRS990/OfficeExpensesGrp/TotalAmt033672
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt07057
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt039407
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0307081
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0353545
IRS990/OtherExpensesGrp/Desc0TUITION REMISSION
IRS990/OtherExpensesGrp/Desc1INSTRUCTIONAL EXPENSE
IRS990/OtherExpensesGrp/Desc2EQUIPMENT RENT
IRS990/OtherExpensesGrp/Desc3ADMINISTRATIVE
IRS990/OtherExpensesGrp/FundraisingAmt012450
IRS990/OtherExpensesGrp/FundraisingAmt116948
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt04670
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt15744
IRS990/OtherExpensesGrp/ProgramServicesAmt0403854
IRS990/OtherExpensesGrp/ProgramServicesAmt1187754
IRS990/OtherExpensesGrp/ProgramServicesAmt245129
IRS990/OtherExpensesGrp/ProgramServicesAmt33932
IRS990/OtherExpensesGrp/TotalAmt0403854
IRS990/OtherExpensesGrp/TotalAmt1187754
IRS990/OtherExpensesGrp/TotalAmt262249
IRS990/OtherExpensesGrp/TotalAmt326624
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt080000
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0299969
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt03481311
IRS990/OtherSalariesAndWagesGrp/TotalAmt03861280
IRS990/OtherWebsiteInd0X
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt042937
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt06120
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt0716
IRS990/PayrollTaxesGrp/ProgramServicesAmt0266320
IRS990/PayrollTaxesGrp/TotalAmt0273156
IRS990/PensionPlanContributionsGrp/FundraisingAmt01524
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt08511
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt066319
IRS990/PensionPlanContributionsGrp/TotalAmt076354
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt047190
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt047190
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0CHARLES SHARPLESS
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611110
IRS990/ProgramServiceRevenueGrp/BusinessCd1611110
IRS990/ProgramServiceRevenueGrp/BusinessCd2611110
IRS990/ProgramServiceRevenueGrp/Desc0GROSS TUITION AND FEES
IRS990/ProgramServiceRevenueGrp/Desc1SUMMER AND OTHER PROGR
IRS990/ProgramServiceRevenueGrp/Desc2AUXILIARY PROGRAMS
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt07161354
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1236980
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2102837
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt07161354
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1236980
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2102837
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0560118
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt01368056
IRS990/PYInvestmentIncomeAmt05803
IRS990/PYOtherExpensesAmt02412157
IRS990/PYOtherRevenueAmt099178
IRS990/PYProgramServiceRevenueAmt07257937
IRS990/PYRevenuesLessExpensesAmt0-535286
IRS990/PYSalariesCompEmpBnftPaidAmt04678109
IRS990/PYTotalExpensesAmt08458322
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt07923036
IRS990/QuidProQuoContributionsInd01
IRS990/QuidProQuoContriDisclInd01
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-374871
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt07500066
IRS990/SavingsAndTempCashInvstGrp/BOYAmt017623
IRS990/SavingsAndTempCashInvstGrp/EOYAmt018630
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/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt08680680
IRS990ScheduleD/BuildingsGrp/DepreciationAmt06383027
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt015063707
IRS990ScheduleD/EquipmentGrp/BookValueAmt0273451
IRS990ScheduleD/EquipmentGrp/DepreciationAmt01284826
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt01558277
IRS990ScheduleD/ExpensesNotReportedAmt046634
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt01508512
IRS990ScheduleD/ExpensesSubtotalAmt07044057
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt03830000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt03830000
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt01284303
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt01186274
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt02470577
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0606
IRS990ScheduleD/OtherExpensesIncludedAmt046634
IRS990ScheduleD/OtherExpensesNotIncludedAmt01508512

Document Assets

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Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$14,643,383
Liabilities
$12,177,439
Net assets
$2,465,944
Revenue
$8,177,698
Expenses
$8,552,569
Net income
-$374,871
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$19.6$10.3$9.38$12.0$11.1$0.86
2023Detailed filing. Detailed filing data is available for this year.$17.0$9.93$7.11$10.6$10.3$0.23
2022Detailed filing. Detailed filing data is available for this year.$16.5$9.67$6.88$10.2$9.93$0.22
2021Detailed filing. Detailed filing data is available for this year.$15.4$8.78$6.65$10.4$9.19$1.18
2020Detailed filing. Detailed filing data is available for this year.$14.4$8.96$5.47$9.81$8.91$0.90
2019Detailed filing. Detailed filing data is available for this year.$14.6$10.0$4.57$9.68$9.18$0.50
2018Detailed filing. Detailed filing data is available for this year.$14.5$10.4$4.07$10.5$8.89$1.60
2017Detailed filing. Detailed filing data is available for this year.$14.6$12.2$2.47$8.18$8.55$0.37
2016Detailed filing. Detailed filing data is available for this year.$15.3$12.5$2.84$7.92$8.46$0.54
2015Detailed filing. Detailed filing data is available for this year.$15.8$12.4$3.38$8.02$8.32$0.30
2014Detailed filing. Detailed filing data is available for this year.$16.7$13.0$3.71$7.42$8.34$0.92
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$17.3$12.7$4.62$7.20$8.11$0.91
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$18.4$12.9$5.52$7.99
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$18.7$13.0$5.64$7.65
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$18.6$12.9$5.69$8.46