Civic Intelligence

Middleburg Academy Inc

990 • Fiscal year 2018 • EIN 54-1708655

Jul 01, 2017 to Jun 30, 2018 • Filed on Feb 05, 2019

Organization ProfileWWW.MIDDLEBURGACADEMY.ORG

View Organization Page

35321 Notre Dame LaneMiddleburg, VA 20117

(540) 687-5581

Siviq Scores

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

Liabilities / Assets

96th percentile

1.37x

Higher debt load relative to assets than 96% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

89th percentile

1.62x

Higher debt load relative to revenue than 89% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Net Margin

37th percentile

-0.6%

Higher net margin than 37% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Top Officer Pay

91st percentile

$221,306

Higher top officer pay than 91% of similar nonprofits.

Top officer pay equals 5.7% of source-year revenue.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Asset Growth

70th percentile

8.5%

Faster asset growth than 70% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Revenue Growth

15th percentile

-19%

Faster revenue growth than 15% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets96th percentile

Assets

Up

$4,601,290

Up $361,912 (+8.5%) from 2017

Net Assets

Down

-$1,714,556

Down $62,829 (-3.8%) from 2017

Liabilities

Up

$6,315,846

Up $424,741 (+7.2%) from 2017

Revenue And Expenses
Liabilities / Revenue89th percentileNet Margin37th percentile

Revenue

Down

$3,903,614

Down $924,988 (-19%) from 2017

Expenses

Down

$3,927,810

Down $56,551 (-1.4%) from 2017

Net Income

Down

-$24,196

Down $868,437 (-103%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth70th percentile

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

$10M$5.0M$0-$5.0MAssets 2011: $3,385,804Liabilities 2011: $5,313,178Net Assets 2011: -$1,927,3742011Assets 2012: $3,187,548Liabilities 2012: $5,193,910Net Assets 2012: -$2,006,3622012Assets 2013: $3,035,202Liabilities 2013: $4,986,999Net Assets 2013: -$1,951,7972013Assets 2014: $3,580,185Liabilities 2014: $5,810,379Net Assets 2014: -$2,230,1942014Assets 2015: $3,479,356Liabilities 2015: $5,676,252Net Assets 2015: -$2,196,8962015Assets 2016: $3,247,744Liabilities 2016: $5,797,867Net Assets 2016: -$2,550,1232016Assets 2017: $4,239,378Liabilities 2017: $5,891,105Net Assets 2017: -$1,651,7272017Assets 2018: $4,601,290Liabilities 2018: $6,315,846Net Assets 2018: -$1,714,5562018Assets 2019: $4,490,788Liabilities 2019: $6,143,620Net Assets 2019: -$1,652,8322019Assets 2020: $3,417,130Liabilities 2020: $5,675,784Net Assets 2020: -$2,258,6542020Assets 2021: $2,397,449Liabilities 2021: $5,063,574Net Assets 2021: -$2,666,1252021Assets 2022: $327,479Liabilities 2022: $285,495Net Assets 2022: $41,9842022Assets 2023: $0Liabilities 2023: $0Net Assets 2023: $02023

Highlighted filing

2018

Assets$4,601,290
Liabilities$6,315,846
Net Assets-$1,714,556
Open 2018 Filing

Operations Trend

Revenue Growth15th percentile

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

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2011: $4,345,538Expenses 2011: $4,548,746Net Income 2011: -$203,2082011Expenses 2012: $4,218,3712012Revenue 2013: $4,017,008Expenses 2013: $4,038,550Net Income 2013: -$21,5422013Revenue 2014: $3,491,435Expenses 2014: $3,867,730Net Income 2014: -$376,2952014Revenue 2015: $3,486,789Expenses 2015: $3,424,165Net Income 2015: $62,6242015Revenue 2016: $3,391,145Expenses 2016: $3,718,065Net Income 2016: -$326,9202016Revenue 2017: $4,828,602Expenses 2017: $3,984,361Net Income 2017: $844,2412017Revenue 2018: $3,903,614Expenses 2018: $3,927,810Net Income 2018: -$24,1962018Revenue 2019: $3,837,783Expenses 2019: $3,747,113Net Income 2019: $90,6702019Revenue 2020: $3,586,847Expenses 2020: $3,868,958Net Income 2020: -$282,1112020Revenue 2021: $393,777Expenses 2021: $801,248Net Income 2021: -$407,4712021Revenue 2022: $3,125,207Expenses 2022: $317,099Net Income 2022: $2,808,1082022Revenue 2023: $810Expenses 2023: $42,794Net Income 2023: -$41,9842023

Highlighted filing

2018

Revenue$3,903,614
Expenses$3,927,810
Net Income-$24,196
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
Feb 5, 2019
Return Version
2017v2.3
Gross Receipts
$3,998,300
Mission and Program Overview

Mission

Middleburg academy inspires students to excellence in academics, the arts, and athletics. We are a dynamic community of students, faculty and staff, parents, and alumni dedicated to lifelong learning, service to others, spirtual growth, and the success of each student. Our school strives to develop young men and women of moral integrity who will be responsible leaders and citizens in a diverse and ever-changing world.

Middleburg academy inspires students to excellence in academics, the arts, and athletics. We are a dynamic community of students, faculty and staff, board of trustees, parents, and alumni dedicated to lifelong learning, service to others, spirtual growth, and the success of each student. Our school strives to develop young men and women of moral integrity who will be responsible leaders and citizens in a diverse and ever-changing world.

Balance Sheet Detail
LineBeginningEndChange
Assets
Loans From Officers Directors$3,140,000$3,340,000▲ $200,000
Land, Buildings, and Equipment, Net$2,008,393$2,514,246▲ $505,853
Savings and Temporary Cash Investments$1,172,259$1,045,336▼ $126,923
Investments in Publicly Traded Securities$714,165$615,113▼ $99,052
Accounts Receivable$228,948$190,054▼ $38,894
Cash and Non-Interest-Bearing Accounts$8,221$155,702▲ $147,481
Prepaid Expenses and Deferred Charges$72,142$70,839▼ $1,303
Pledges and Grants Receivable$25,250$0▼ $25,250
Total Assets$4,239,378$4,601,290▲ $361,912
Other Assets Total$10,000$10,000→ $0
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,090,219$962,447▼ $127,772
Deferred Revenue$695,050$956,158▲ $261,108
Other Liabilities$700,495$700,495→ $0
Accounts Payable and Accrued Expenses$265,341$356,746▲ $91,405
Total Liabilities$5,891,105$6,315,846▲ $424,741
Net Assets / Fund Balance
Permanently Rstr Net Assets$425,000$425,000→ $0
Temporarily Rstr Net Assets$364,344$162,965▼ $201,379
Unrestricted Net Assets$-2,441,071$-2,302,521▲ $138,550
Total Net Assets Fund Balance$-1,651,727$-1,714,556▼ $62,829
Total Liabilities and Net Assets / Fund Balance$4,239,378$4,601,290▲ $361,912

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,264,899$1,272,407-
Other Land Buildings$843,172$528,334-
Land$200,335--
Equipment$205,840$1,080,641-

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2017$520,847-▲ $36,216$88,423$468,640
2016$564,331-▲ $28,016$71,500$520,847
2015$591,320-▲ $44,506$71,495$564,331
2014$568,849-▲ $51,971$29,500$591,320
2013$561,824-▲ $38,525$31,500$568,849
Compensation and Service Providers
Top Officer Pay91st percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Mr Colley W Bell IiiHead of SchoolFT$175,000$46,306$221,306

Board Members and Trustees

NameTitle
Mr Michael HooverChairman of the Board
Mrs Margaret ManganoFirst Vice Chairperson
Mr Kevin CallananSecond Vice Chairperson
Mr John G LathropTrustee
Mrs Mary LooneyTrustee
Mrs Rachel KahlerTrustee
Ms Lynn DimoffTrustee
Mrs Geraldine Anne PorterSecretary
Mr John ZugschwertTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$281,204
Program Service Revenue
$2,904,076
Investment Income
$111,404
Other Revenue
$606,930
All Other Contributions
$281,204
Change in Net Assets
$-24,196

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,130,206
Revenue Not Reported on Financial Statements
$773,408
Revenue Not Reported on Form 990
$-38,633
Other Revenue Adjustments
$773,408
Total Revenue per Audited Statements
$3,091,573
Total Revenue per Form 990
$3,903,614
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,996,104
Other Expenses$1,158,298
Grants and Similar Amounts Paid$773,408
Total Fundraising Expense$69,722
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,347,085$120,598$35,700$1,503,383
Grants to Domestic Individuals$773,408--$773,408
Occupancy$289,730$76,777-$366,507
Depreciation Depletion$69,381$208,144-$277,525
Current Officers, Directors, Trustees, and Key Employees$87,500$70,000$17,500$175,000
Other Employee Benefits$111,831$21,344$6,102$139,277
Interest$7,673$127,526-$135,199
Payroll Taxes$102,681$14,016$3,604$120,301
Pension Plan Contributions$46,957$8,712$2,474$58,143
Advertising$54,720--$54,720
Office Expenses$13,640$25,101$2,892$41,633
Insurance$23,354$12,973$313$36,640
Fees for Services Accounting-$18,700-$18,700
Information Technology$10,209$4,436$504$15,149
Other Expenses$11,618$2,123-$11,618
Travel$5,074$2,532$633$8,239
Fees for Services Legal-$6,722-$6,722
Conferences and Meetings$5,726--$5,726
Fees for Services Other-$4,712-$4,712
All Other Expenses$802--$802
Total Functional Expenses$3,133,672$724,416$69,722$3,927,810

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$3,927,810
Expenses per Audited Statements$3,154,402
Total Expenses per Audited Statements$3,154,402
Expenses Not Reported on Financial Statements$773,408
Other Expense Adjustments$773,408
Expenses Not Reported on Form 990$0
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$3,140,000$3,340,000▲ $200,000
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Refundable Advances - Conditional Gifts$700,495
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
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 A, Line 2

“One trustee was also trustee of the frank mangano foundation during the year ended june 30, 2018. Also refer to schedule l, part ii, loans to and/or from interested persons.”

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

“The return preparer emails a copy of the return to the head of school for review. After the head of school reviews the return it is sent to the board of trustees for review.”

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

“A code of ethics form is signed annually by trustees that includes a conflict of interest statement.”

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

“Use of data as to comparable compensation for similarly qualified persons in functionally comparable positions at similarly situated organizations.”

Form 990, Part VI, Section C, Line 19

“No documents available to the public.”

Filing and Contact Details

Filer

Filer Name
Middleburg Academy Inc
EIN
54-1708655
Phone
5406875581
Address
35321 NOTRE DAME LANE, MIDDLEBURG, VA 20117

Signing Officer

Name
Colley W Bell Iii
Title
Head of School
Phone
5406875581
Signed
2019-02-05
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Colley W Bell Iii
Formed
1994
Legal Domicile
Va
Voting Board Members
9
Independent Board Members
8
Employees
62
Volunteers
50

Preparer

Firm
Hill Barth & King LLC
Address
119 EAST STATE STREET, ALLIANCE, OH 44601
Preparer
Jane a Monter
Phone
3308212150
Supplemental Narrative

Additional Explanations

Form 990 Part XII, Line 2C

“The financial statements were audited by an independent accountant. The organization has a board of trustees finance committee that oversees the audit and the final report. This process is the same as it was in the previous year.”

Financial Statement Notes

PART V, LINE 4:

“The school's endowment consists of four endowment funds established mainly to provide for scholarships for students.”

PART X, LINE 2:

“The internal revenue service has determined that the school is exempt from federal income tax under section 501(c)(3) of the internal revenue code. The school will be taxed only to the extent it has taxable trade or business income unrelated to its exempt purpose.”

PART XI, LINE 4B - OTHER ADJUSTMENTS:

“FINANCIAL AID 773,408.”

PART XII, LINE 4B - OTHER ADJUSTMENTS:

“FINANCIAL AID 773,408.”

Raw XML AppendixShowing 400 of 574 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/ActivityOrMissionDesc0MIDDLEBURG ACADEMY INSPIRES STUDENTS TO EXCELLENCE IN ACADEMICS, THE ARTS, AND ATHLETICS. WE ARE A DYNAMIC COMMUNITY OF STUDENTS, FACULTY AND STAFF, BOARD OF TRUSTEES, PARENTS, AND ALUMNI DEDICATED TO LIFELONG LEARNING, SERVICE TO OTHERS, SPIRTUAL GROWTH, AND THE SUCCESS OF EACH STUDENT. OUR SCHOOL STRIVES TO DEVELOP YOUNG MEN AND WOMEN OF MORAL INTEGRITY WHO WILL BE RESPONSIBLE LEADERS AND CITIZENS IN A DIVERSE AND EVER-CHANGING WORLD.
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IRS990/Form990PartVIISectionAGrp/PersonNm0MR MICHAEL HOOVER
IRS990/Form990PartVIISectionAGrp/PersonNm1MRS MARGARET MANGANO
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IRS990/Form990PartVIISectionAGrp/PersonNm3MR JOHN ZUGSCHWERT
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IRS990/Form990PartVIISectionAGrp/TitleTxt7TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt8TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt9HEAD OF SCHOOL
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IRS990/GoverningBodyVotingMembersCnt09
IRS990/GrantAmt0773408
IRS990/GrantsToDomesticIndividualsGrp/ProgramServicesAmt0773408
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt0773408
IRS990/GrantsToIndividualsInd01
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt0168297
IRS990/GrossReceiptsAmt03998300
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt08
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InformationTechnologyGrp/FundraisingAmt0504
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt04436
IRS990/InformationTechnologyGrp/ProgramServicesAmt010209
IRS990/InformationTechnologyGrp/TotalAmt015149
IRS990/InsuranceGrp/FundraisingAmt0313
IRS990/InsuranceGrp/ManagementAndGeneralAmt012973
IRS990/InsuranceGrp/ProgramServicesAmt023354
IRS990/InsuranceGrp/TotalAmt036640
IRS990/InterestGrp/ManagementAndGeneralAmt0127526
IRS990/InterestGrp/ProgramServicesAmt07673
IRS990/InterestGrp/TotalAmt0135199
IRS990/InvestmentIncomeGrp/ExclusionAmt037793
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt037793
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt0714165
IRS990/InvestmentsPubTradedSecGrp/EOYAmt0615113
IRS990/IRPDocumentCnt025
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt02881382
IRS990/LandBldgEquipBasisNetGrp/BOYAmt02008393
IRS990/LandBldgEquipBasisNetGrp/EOYAmt02514246
IRS990/LandBldgEquipCostOrOtherBssAmt05395628
IRS990/LegalDomicileStateCd0VA
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt094686
IRS990/LoanOutstandingInd01
IRS990/LoansFromOfficersDirectorsGrp/BOYAmt03140000
IRS990/LoansFromOfficersDirectorsGrp/EOYAmt03340000
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MiscellaneousRevenueGrp/RelatedOrExemptFuncIncomeAmt014138
IRS990/MiscellaneousRevenueGrp/TotalRevenueColumnAmt014138
IRS990/MissionDesc0MIDDLEBURG ACADEMY INSPIRES STUDENTS TO EXCELLENCE IN ACADEMICS, THE ARTS, AND ATHLETICS. WE ARE A DYNAMIC COMMUNITY OF STUDENTS, FACULTY AND STAFF, PARENTS, AND ALUMNI DEDICATED TO LIFELONG LEARNING, SERVICE TO OTHERS, SPIRTUAL GROWTH, AND THE SUCCESS OF EACH STUDENT. OUR SCHOOL STRIVES TO DEVELOP YOUNG MEN AND WOMEN OF MORAL INTEGRITY WHO WILL BE RESPONSIBLE LEADERS AND CITIZENS IN A DIVERSE AND EVER-CHANGING WORLD.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt01090219
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt0962447
IRS990/NetAssetsOrFundBalancesBOYAmt0-1651727
IRS990/NetAssetsOrFundBalancesEOYAmt0-1714556
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt073611
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt073611
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0-41966
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt076777
IRS990/OccupancyGrp/ProgramServicesAmt0289730
IRS990/OccupancyGrp/TotalAmt0366507
IRS990/OfficeExpensesGrp/FundraisingAmt02892
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt025101
IRS990/OfficeExpensesGrp/ProgramServicesAmt013640
IRS990/OfficeExpensesGrp/TotalAmt041633
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt010000
IRS990/OtherAssetsTotalGrp/EOYAmt010000
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt06102
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt021344
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0111831
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0139277
IRS990/OtherExpensesGrp/Desc0STUDENT PROGRAMS
IRS990/OtherExpensesGrp/Desc1OTHER
IRS990/OtherExpensesGrp/Desc2FOOD SERVICE
IRS990/OtherExpensesGrp/Desc3BAD DEBT
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt02123
IRS990/OtherExpensesGrp/ProgramServicesAmt0124906
IRS990/OtherExpensesGrp/ProgramServicesAmt130686
IRS990/OtherExpensesGrp/ProgramServicesAmt216691
IRS990/OtherExpensesGrp/ProgramServicesAmt311618
IRS990/OtherExpensesGrp/TotalAmt0124906
IRS990/OtherExpensesGrp/TotalAmt132809
IRS990/OtherExpensesGrp/TotalAmt216691
IRS990/OtherExpensesGrp/TotalAmt311618
IRS990/OtherLiabilitiesGrp/BOYAmt0700495
IRS990/OtherLiabilitiesGrp/EOYAmt0700495
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/BusinessCd1480000
IRS990/OtherRevenueMiscGrp/BusinessCd2611600
IRS990/OtherRevenueMiscGrp/Desc0INSURANCE PROCEEDS
IRS990/OtherRevenueMiscGrp/Desc1BUS INCOME
IRS990/OtherRevenueMiscGrp/Desc2MISCELLANEOUS INCOME
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt0499377
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt166383
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt227032
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0499377
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt166383
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt227032
IRS990/OtherRevenueTotalAmt0606930
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt035700
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0120598
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt01347085
IRS990/OtherSalariesAndWagesGrp/TotalAmt01503383
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt03604
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt014016
IRS990/PayrollTaxesGrp/ProgramServicesAmt0102681
IRS990/PayrollTaxesGrp/TotalAmt0120301
IRS990/PensionPlanContributionsGrp/FundraisingAmt02474
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt08712
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt046957
IRS990/PensionPlanContributionsGrp/TotalAmt058143
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt0425000
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt0425000
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt025250
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt072142
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt070839
IRS990/PrincipalOfficerNm0COLLEY W BELL III
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611600
IRS990/ProgramServiceRevenueGrp/Desc0TUITION & FEES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt02904076
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt02904076
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0434280
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt0836463
IRS990/PYInvestmentIncomeAmt048965
IRS990/PYOtherExpensesAmt01264623
IRS990/PYOtherRevenueAmt0958641
IRS990/PYProgramServiceRevenueAmt03386716
IRS990/PYRevenuesLessExpensesAmt0844241
IRS990/PYSalariesCompEmpBnftPaidAmt01883275
IRS990/PYTotalExpensesAmt03984361
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt04828602
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-24196
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt03511006
IRS990/SavingsAndTempCashInvstGrp/BOYAmt01172259
IRS990/SavingsAndTempCashInvstGrp/EOYAmt01045336
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt01264899
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01272407
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt02537306
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt0520847
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt0468640
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt036216
IRS990ScheduleD/CYEndwmtFundGrp/OtherExpendituresAmt088423
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt0564331
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt0520847
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt028016
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/OtherExpendituresAmt071500
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt0591320
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt0564331
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt044506
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/OtherExpendituresAmt071495
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt0568849
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt0591320
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt051971
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/OtherExpendituresAmt029500
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt0561824
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt0568849
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt038525
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/OtherExpendituresAmt031500
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt03333
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd00
IRS990ScheduleD/EquipmentGrp/BookValueAmt0205840
IRS990ScheduleD/EquipmentGrp/DepreciationAmt01080641
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt01286481
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt0773408
IRS990ScheduleD/ExpensesSubtotalAmt03154402
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt0200335
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt0200335
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0-41966
IRS990ScheduleD/OtherExpensesNotIncludedAmt0773408
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0843172
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0528334
IRS990ScheduleD/OtherLandBuildingsGrp/InvestmentCostOrOtherBasisAmt01371506
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0700495
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0REFUNDABLE ADVANCES - CONDITIONAL GIFTS
IRS990ScheduleD/OtherRevenuesNotIncludedAmt0773408
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct00.90690
IRS990ScheduleD/RevenueNotReportedAmt0-38633
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt0773408
IRS990ScheduleD/RevenueSubtotalAmt03130206
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE SCHOOL'S ENDOWMENT CONSISTS OF FOUR ENDOWMENT FUNDS ESTABLISHED MAINLY TO PROVIDE FOR SCHOLARSHIPS FOR STUDENTS.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1THE INTERNAL REVENUE SERVICE HAS DETERMINED THAT THE SCHOOL IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE SCHOOL WILL BE TAXED ONLY TO THE EXTENT IT HAS TAXABLE TRADE OR BUSINESS INCOME UNRELATED TO ITS EXEMPT PURPOSE.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2FINANCIAL AID 773,408.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt3FINANCIAL AID 773,408.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART V, LINE 4:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2PART XI, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc3PART XII, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/TermEndowmentBalanceEOYPct00.09310
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02514246
IRS990ScheduleD/TotalExpensesPerForm990Amt03927810
IRS990ScheduleD/TotalLiabilityAmt0700495
IRS990ScheduleD/TotalRevenuePerForm990Amt03903614
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt03091573
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt03154402
IRS990ScheduleE/ComplianceWithRevProc7550Ind01

Document Assets

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Filings

Displayed year

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

Open filing
Assets
$4,601,290
Liabilities
$6,315,846
Net assets
-$1,714,556
Revenue
$3,903,614
Expenses
$3,927,810
Net income
-$24,196
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$0.00$0.04$0.04
2022Detailed filing. Detailed filing data is available for this year.$0.33$0.29$0.04$3.13$0.32$2.81
2021Detailed filing. Detailed filing data is available for this year.$2.40$5.06$2.67$0.39$0.80$0.41
2020Detailed filing. Detailed filing data is available for this year.$3.42$5.68$2.26$3.59$3.87$0.28
2019Detailed filing. Detailed filing data is available for this year.$4.49$6.14$1.65$3.84$3.75$0.09
2018Detailed filing. Detailed filing data is available for this year.$4.60$6.32$1.71$3.90$3.93$0.02
2017Detailed filing. Detailed filing data is available for this year.$4.24$5.89$1.65$4.83$3.98$0.84
2016Detailed filing. Detailed filing data is available for this year.$3.25$5.80$2.55$3.39$3.72$0.33
2015Detailed filing. Detailed filing data is available for this year.$3.48$5.68$2.20$3.49$3.42$0.06
2014Detailed filing. Detailed filing data is available for this year.$3.58$5.81$2.23$3.49$3.87$0.38
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.04$4.99$1.95$4.02$4.04$0.02
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.19$5.19$2.01$4.22
2011Summary only. Only limited summary data is available for this year.$3.39$5.31$1.93$4.35$4.55$0.20