Civic Intelligence

Fredericksburg Academy

990 • Fiscal year 2018 • EIN 54-1568499

Jul 01, 2017 to Jun 30, 2018 • Filed on May 13, 2019

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

83rd percentile

0.72x

Higher debt load relative to assets than 83% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2018

Liabilities / Revenue

79th percentile

0.99x

Higher debt load relative to revenue than 79% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2018

Net Margin

74th percentile

15%

Higher net margin than 74% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2018

Top Officer Pay

45th percentile

$161,409

Higher top officer pay than 45% of similar nonprofits.

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

2018 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2018

Asset Growth

36th percentile

-1.1%

Faster asset growth than 36% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2017 to 2018

Revenue Growth

83rd percentile

28%

Faster revenue growth than 83% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets83rd percentile

Assets

Down

$14,483,627

Down $159,756 (-1.1%) from 2017

Net Assets

Up

$4,067,102

Up $1,601,158 (+65%) from 2017

Liabilities

Down

$10,416,525

Down $1,760,914 (-14%) from 2017

Revenue And Expenses
Liabilities / Revenue79th percentileNet Margin74th percentile

Revenue

Up

$10,489,012

Up $2,311,314 (+28%) from 2017

Expenses

Up

$8,888,263

Up $335,694 (+3.9%) from 2017

Net Income

Up

$1,600,749

Up $1,975,620 (+527%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth36th 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

2018

Assets$14,483,627
Liabilities$10,416,525
Net Assets$4,067,102
Open 2018 Filing

Operations Trend

Revenue Growth83rd 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

2018

Revenue$10,489,012
Expenses$8,888,263
Net Income$1,600,749
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
May 13, 2019
Return Version
2017v2.3
Gross Receipts
$10,844,945
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$14,068,434$13,761,886▼ $306,548
Accounts Receivable$290,745$381,416▲ $90,671
Cash and Non-Interest-Bearing Accounts$196,516$256,055▲ $59,539
Loans From Officers Directors$218,000$168,000▼ $50,000
Pledges and Grants Receivable$47,190$47,190→ $0
Savings and Temporary Cash Investments$18,630$19,321▲ $691
Inventories for Sale or Use$21,868$17,759▼ $4,109
Total Assets$14,643,383$14,483,627▼ $159,756
Liabilities
Mortgage Notes Payable Secured by Investment Property$10,036,850$8,219,164▼ $1,817,686
Deferred Revenue$1,754,776$1,836,938▲ $82,162
Accounts Payable and Accrued Expenses$167,813$192,423▲ $24,610
Total Liabilities$12,177,439$10,416,525▼ $1,760,914
Net Assets / Fund Balance
Unrestricted Net Assets$2,001,332$3,599,907▲ $1,598,575
Temporarily Rstr Net Assets$464,612$467,195▲ $2,583
Total Net Assets Fund Balance$2,465,944$4,067,102▲ $1,601,158
Total Liabilities and Net Assets / Fund Balance$14,643,383$14,483,627▼ $159,756

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$8,305,976$6,819,994$15,125,970
Land$3,830,000-$3,830,000
Other Land Buildings$1,250,344$1,253,598$2,503,942
Equipment$375,566$1,364,192$1,739,758
Compensation and Service Providers
Top Officer Pay45th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Karen MoschettoEx-officio (head of SchoolFT$150,221$11,188$161,409

Board Members and Trustees

NameTitle
Stephen NorairPresident (june-april)
Thomas WackPresident (may-june)
Linda Worrell2nd Vice President
Bradley a ReppFirst Vice-president
Brendan P WalshTrustee
Christopher HeinzTrustee
Diane KolodgieTrustee
Janet GageTrustee
Jennifer DupuyTrustee
Joseph AmbergerTrustee
Joshua CooperTrustee
KAREN O'DONNELLTrustee
Michael JacobsonTrustee
Mojtaba AzimipourTrustee
Nicole JinierTrustee
Tammy SandyTrustee
Xavier RichardsonTrustee
Richard G HarrisonSecretary
Charles SharplessTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$677,168
Program Service Revenue
$7,951,624
Investment Income
$226
Other Revenue
$1,859,994
All Other Contributions
$677,168
Change in Net Assets
$1,600,749

Noncash Contribution Practices

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

Audited Revenue Reconciliation

Revenue per Audited Statements
$8,889,813
Revenue Not Reported on Financial Statements
$1,599,199
Revenue Not Reported on Form 990
$63,940
Other Revenue Adjustments
$1,599,199
Total Revenue per Audited Statements
$8,953,753
Total Revenue per Form 990
$10,489,012
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$4,965,399
Other Expenses$2,323,665
Grants and Similar Amounts Paid$1,599,199
Total Fundraising Expense$150,442
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$3,690,946$248,608$95,800$4,035,354
Grants to Domestic Individuals$1,599,199--$1,599,199
Depreciation Depletion$548,638$29,183$5,836$583,657
Interest$431,743--$431,743
Other Employee Benefits$358,256$38,778$9,299$406,333
Occupancy$358,422$8,817-$367,239
Payroll Taxes$282,357$10,587$7,329$300,273
Current Officers, Directors, Trustees, and Key Employees-$150,900-$150,900
All Other Expenses$62,685$29,853$17$92,555
Pension Plan Contributions$63,956$6,923$1,660$72,539
Insurance$44,275$1,878$511$46,664
Office Expenses$41,509$796$668$42,973
Advertising$32,584--$32,584
Fees for Services Other$1,902$23,795-$25,697
Other Expenses$4,123$3,990$17,557$25,670
Total Functional Expenses$8,179,301$558,520$150,442$8,888,263

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$8,888,263
Total Expenses per Audited Statements$7,352,595
Expenses per Audited Statements$7,289,064
Expenses Not Reported on Financial Statements$1,599,199
Other Expense Adjustments$1,599,199
Expenses Not Reported on Form 990$63,531
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$173,525
Fundraising Direct Expenses$63,531
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Auction$173,525$173,525$63,531$109,994
Total Events$173,525$173,525$63,531$109,994
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$218,000$168,000▼ $50,000
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 and after discussion approves the return. A copy of the tax return is made available to each board member.”

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
Thomas Wack
Title
President
Phone
5408980020
Signed
2019-05-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Thomas Wack
Formed
1992
Legal Domicile
Va
Voting Board Members
19
Independent Board Members
18
Employees
188
Volunteers
175

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 63,531.”

PART XI, LINE 4B - OTHER ADJUSTMENTS:

“Financial assistance netted against revenue in financial statements 1,599,199.”

PART XII, LINE 2D - OTHER ADJUSTMENTS:

“Direct expense- auction 63,531.”

PART XII, LINE 4B - OTHER ADJUSTMENTS:

“Financial assistance netted against revenue in financial statements 1,599,199.”

Raw XML AppendixShowing 400 of 623 raw XML fields

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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/PersonNm10KAREN O'DONNELL
IRS990/Form990PartVIISectionAGrp/PersonNm11STEPHEN NORAIR
IRS990/Form990PartVIISectionAGrp/PersonNm12TAMMY SANDY
IRS990/Form990PartVIISectionAGrp/PersonNm13BRADLEY A REPP
IRS990/Form990PartVIISectionAGrp/PersonNm14RICHARD G HARRISON
IRS990/Form990PartVIISectionAGrp/PersonNm15KAREN MOSCHETTO
IRS990/Form990PartVIISectionAGrp/PersonNm16MICHAEL JACOBSON
IRS990/Form990PartVIISectionAGrp/PersonNm17NICOLE JINIER
IRS990/Form990PartVIISectionAGrp/PersonNm18DIANE KOLODGIE
IRS990/Form990PartVIISectionAGrp/PersonNm19XAVIER RICHARDSON
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
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/ReportableCompFromOrgAmt15150221
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt160
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt170
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt180
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt190
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/ReportableCompFromRltdOrgAmt190
IRS990/Form990PartVIISectionAGrp/TitleTxt0TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt1TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt2TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt3TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt4TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt5PRESIDENT (MAY-JUNE)
IRS990/Form990PartVIISectionAGrp/TitleTxt62ND VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt7TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt8TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt9TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt10TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt11PRESIDENT (JUNE-APRIL)
IRS990/Form990PartVIISectionAGrp/TitleTxt12TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt13FIRST VICE-PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt14SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt15EX-OFFICIO (HEAD OF SCHOOL
IRS990/Form990PartVIISectionAGrp/TitleTxt16TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt17TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt18TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt19TRUSTEE
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01992
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd01
IRS990/FundraisingDirectExpensesAmt063531
IRS990/FundraisingGrossIncomeAmt0173525
IRS990/GainOrLossGrp/SecuritiesAmt0177
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt019
IRS990/GrantAmt01599199
IRS990/GrantsToDomesticIndividualsGrp/ProgramServicesAmt01599199
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt01599199
IRS990/GrantsToIndividualsInd01
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt0292579
IRS990/GrossReceiptsAmt010844945
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt018
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InsuranceGrp/FundraisingAmt0511
IRS990/InsuranceGrp/ManagementAndGeneralAmt01878
IRS990/InsuranceGrp/ProgramServicesAmt044275
IRS990/InsuranceGrp/TotalAmt046664
IRS990/InterestGrp/ProgramServicesAmt0431743
IRS990/InterestGrp/TotalAmt0431743
IRS990/InventoriesForSaleOrUseGrp/BOYAmt021868
IRS990/InventoriesForSaleOrUseGrp/EOYAmt017759
IRS990/InvestmentIncomeGrp/ExclusionAmt049
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt049
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt09
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt09437784
IRS990/LandBldgEquipBasisNetGrp/BOYAmt014068434
IRS990/LandBldgEquipBasisNetGrp/EOYAmt013761886
IRS990/LandBldgEquipCostOrOtherBssAmt023199670
IRS990/LegalDomicileStateCd0VA
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt0292402
IRS990/LoanOutstandingInd01
IRS990/LoansFromOfficersDirectorsGrp/BOYAmt0218000
IRS990/LoansFromOfficersDirectorsGrp/EOYAmt0168000
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/BOYAmt010036850
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt08219164
IRS990/NetAssetsOrFundBalancesBOYAmt02465944
IRS990/NetAssetsOrFundBalancesEOYAmt04067102
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0177
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0177
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt0109994
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt0109994
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0409
IRS990/NoncashContributionsAmt0292402
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt08817
IRS990/OccupancyGrp/ProgramServicesAmt0358422
IRS990/OccupancyGrp/TotalAmt0367239
IRS990/OfficeExpensesGrp/FundraisingAmt0668
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0796
IRS990/OfficeExpensesGrp/ProgramServicesAmt041509
IRS990/OfficeExpensesGrp/TotalAmt042973
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt09299
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt038778
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0358256
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0406333
IRS990/OtherExpensesGrp/Desc0TUITION REMISSION
IRS990/OtherExpensesGrp/Desc1INSTRUCTIONAL EXPENSE
IRS990/OtherExpensesGrp/Desc2EQUIPMENT RENT
IRS990/OtherExpensesGrp/Desc3ADMINISTRATIVE
IRS990/OtherExpensesGrp/FundraisingAmt011765
IRS990/OtherExpensesGrp/FundraisingAmt117557
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt04412
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt13990
IRS990/OtherExpensesGrp/ProgramServicesAmt0436165
IRS990/OtherExpensesGrp/ProgramServicesAmt1179893
IRS990/OtherExpensesGrp/ProgramServicesAmt242648
IRS990/OtherExpensesGrp/ProgramServicesAmt34123
IRS990/OtherExpensesGrp/TotalAmt0436165
IRS990/OtherExpensesGrp/TotalAmt1179893
IRS990/OtherExpensesGrp/TotalAmt258825
IRS990/OtherExpensesGrp/TotalAmt325670
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0CANCELLATION OF DEBT
IRS990/OtherRevenueMiscGrp/ExclusionAmt01750000
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt01750000
IRS990/OtherRevenueTotalAmt01750000
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt095800
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0248608
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt03690946
IRS990/OtherSalariesAndWagesGrp/TotalAmt04035354
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt07329
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt010587
IRS990/PayrollTaxesGrp/ProgramServicesAmt0282357
IRS990/PayrollTaxesGrp/TotalAmt0300273
IRS990/PensionPlanContributionsGrp/FundraisingAmt01660
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt06923
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt063956
IRS990/PensionPlanContributionsGrp/TotalAmt072539
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt047190
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt047190
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0THOMAS WACK
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611110
IRS990/ProgramServiceRevenueGrp/BusinessCd1611110
IRS990/ProgramServiceRevenueGrp/BusinessCd2611110
IRS990/ProgramServiceRevenueGrp/Desc0GROSS TUITION AND FEES
IRS990/ProgramServiceRevenueGrp/Desc1SUMMER AND OTHER PROGRAMS
IRS990/ProgramServiceRevenueGrp/Desc2AUXILIARY PROGRAMS
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt07546162
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1270716
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2134746
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt07546162
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1270716
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2134746
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0554072
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt01508512
IRS990/PYInvestmentIncomeAmt0-484
IRS990/PYOtherExpensesAmt02332945
IRS990/PYOtherRevenueAmt0122939
IRS990/PYProgramServiceRevenueAmt07501171
IRS990/PYRevenuesLessExpensesAmt0-374871
IRS990/PYSalariesCompEmpBnftPaidAmt04711112
IRS990/PYTotalExpensesAmt08552569
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt08177698
IRS990/QuidProQuoContributionsInd01
IRS990/QuidProQuoContriDisclInd01
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt01600749
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt07951624
IRS990/SavingsAndTempCashInvstGrp/BOYAmt018630
IRS990/SavingsAndTempCashInvstGrp/EOYAmt019321
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd01

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Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$14,483,627
Liabilities
$10,416,525
Net assets
$4,067,102
Revenue
$10,489,012
Expenses
$8,888,263
Net income
$1,600,749
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