Civic Intelligence

The Linsly School Incorporated

EIN 55-0357035 • 501(c)3 • Wheeling, WV

Profile

The linsly school is a private, independent day and boarding school for students in grades 5 through 12. The college preparatory crriculum that combines the traditional values of hard work, respect, honor, honesty, and self discipline within a challenging academic program designed to unlock the potential of each student.

60 Knox LaneWheeling, WV 26003-6430

www.linsly.org

Siviq Scores

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

Liabilities / Assets

30th percentile

0.08x

Higher debt load relative to assets than 30% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Source year 2025

Liabilities / Revenue

43rd percentile

0.26x

Higher debt load relative to revenue than 43% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Source year 2025

Net Margin

73rd percentile

17%

Higher net margin than 73% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Source year 2025

Top Officer Pay

Score unavailable

No value available

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

Asset Growth

68th percentile

11%

Faster asset growth than 68% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Annualized from 2024 to 2025

Revenue Growth

60th percentile

11%

Faster revenue growth than 60% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Annualized from 2024 to 2025

Assets

Up

$66,800,738

Up $6,878,267 (+11%) from 2024

Liabilities

Down

$5,397,381

Down $1,139,699 (-17%) from 2024

Net Assets

Up

$61,403,357

Up $8,017,966 (+15%) from 2024

Revenue

Up

$20,731,914

Up $2,099,779 (+11%) from 2024

Expenses

Up

$17,202,539

Up $535,661 (+3.2%) from 2024

Net Income

Up

$3,529,375

Up $1,564,118 (+80%) from 2024

Trend Graphs

Balance Sheet Trend

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

$80M$60M$40M$20M$0Assets 2011: $23,257,864Liabilities 2011: $3,098,247Net Assets 2011: $20,159,6172011Assets 2012: $27,046,808Liabilities 2012: $2,797,130Net Assets 2012: $24,249,6782012Assets 2013: $29,956,543Liabilities 2013: $3,588,833Net Assets 2013: $26,367,7102013Assets 2014: $36,080,210Liabilities 2014: $6,574,673Net Assets 2014: $29,505,5372014Assets 2015: $37,215,688Liabilities 2015: $7,960,447Net Assets 2015: $29,255,2412015Assets 2016: $38,173,823Liabilities 2016: $8,617,992Net Assets 2016: $29,555,8312016Assets 2017: $39,739,926Liabilities 2017: $8,519,718Net Assets 2017: $31,220,2082017Assets 2018: $47,275,577Liabilities 2018: $9,795,588Net Assets 2018: $37,479,9892018Assets 2019: $47,999,720Liabilities 2019: $9,314,158Net Assets 2019: $38,685,5622019Assets 2020: $48,007,584Liabilities 2020: $8,739,900Net Assets 2020: $39,267,6842020Assets 2021: $55,338,508Liabilities 2021: $8,882,603Net Assets 2021: $46,455,9052021Assets 2022: $48,098,120Liabilities 2022: $7,991,860Net Assets 2022: $40,106,2602022Assets 2023: $54,640,855Liabilities 2023: $7,424,162Net Assets 2023: $47,216,6932023Assets 2024: $59,922,471Liabilities 2024: $6,537,080Net Assets 2024: $53,385,3912024Assets 2025: $66,800,738Liabilities 2025: $5,397,381Net Assets 2025: $61,403,3572025

Highlighted filing

2025

Assets$66,800,738
Liabilities$5,397,381
Net Assets$61,403,357

Operations Trend

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

$30M$20M$10M$0-$10MRevenue 2011: $8,813,142Expenses 2011: $7,769,021Net Income 2011: $1,044,1212011Expenses 2012: $9,840,1562012Expenses 2013: $10,197,9752013Revenue 2014: $9,957,575Expenses 2014: $10,742,286Net Income 2014: -$784,7112014Revenue 2015: $10,840,015Expenses 2015: $11,023,118Net Income 2015: -$183,1032015Revenue 2016: $11,909,847Expenses 2016: $12,123,392Net Income 2016: -$213,5452016Revenue 2017: $12,926,124Expenses 2017: $12,367,975Net Income 2017: $558,1492017Revenue 2018: $12,088,089Expenses 2018: $13,057,967Net Income 2018: -$969,8782018Revenue 2019: $14,887,784Expenses 2019: $13,973,683Net Income 2019: $914,1012019Revenue 2020: $15,090,050Expenses 2020: $14,193,698Net Income 2020: $896,3522020Revenue 2021: $13,931,644Expenses 2021: $13,646,204Net Income 2021: $285,4402021Revenue 2022: $15,151,725Expenses 2022: $15,471,120Net Income 2022: -$319,3952022Revenue 2023: $19,475,204Expenses 2023: $16,818,378Net Income 2023: $2,656,8262023Revenue 2024: $18,632,135Expenses 2024: $16,666,878Net Income 2024: $1,965,2572024Revenue 2025: $20,731,914Expenses 2025: $17,202,539Net Income 2025: $3,529,3752025

Highlighted filing

2025

Revenue$20,731,914
Expenses$17,202,539
Net Income$3,529,375

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$66.8$5.40$61.4$20.7$17.2$3.53
2024Detailed filing. Detailed filing data is available for this year.$59.9$6.54$53.4$18.6$16.7$1.97
2023Detailed filing. Detailed filing data is available for this year.$54.6$7.42$47.2$19.5$16.8$2.66
2022Detailed filing. Detailed filing data is available for this year.$48.1$7.99$40.1$15.2$15.5$0.32
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$55.3$8.88$46.5$13.9$13.6$0.29
2020Detailed filing. Detailed filing data is available for this year.$48.0$8.74$39.3$15.1$14.2$0.90
2019Detailed filing. Detailed filing data is available for this year.$48.0$9.31$38.7$14.9$14.0$0.91
2018Detailed filing. Detailed filing data is available for this year.$47.3$9.80$37.5$12.1$13.1$0.97
2017Detailed filing. Detailed filing data is available for this year.$39.7$8.52$31.2$12.9$12.4$0.56
2016Detailed filing. Detailed filing data is available for this year.$38.2$8.62$29.6$11.9$12.1$0.21
2015Detailed filing. Detailed filing data is available for this year.$37.2$7.96$29.3$10.8$11.0$0.18
2014Detailed filing. Detailed filing data is available for this year.$36.1$6.57$29.5$9.96$10.7$0.78
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$30.0$3.59$26.4$10.2
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$27.0$2.80$24.2$9.84
2011Summary only. Only limited summary data is available for this year.$23.3$3.10$20.2$8.81$7.77$1.04
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2024 to Jun 30, 2025
Signed
Oct 23, 2025
Return Version
2024v5.2
Gross Receipts
$27,436,263
Mission and Program Overview

Mission

The linsly school is a private, independent day and boarding school for students in grades 5 through 12. The college preparatory crriculum that combines the traditional values of hard work, respect, honor, honesty, and self discipline within a challenging academic program designed to unlock the potential of each student.

The School is committed to a rigourous college preparatory program, providing opportunities in academics, athletics, and extracurricular activities.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$38,516,699$38,706,965▲ $190,266
Land, Buildings, and Equipment, Net$13,949,093$14,543,204▲ $594,111
Investments Other Securities$3,584,163$5,926,114▲ $2,341,951
Pledges and Grants Receivable$2,921,908$3,947,228▲ $1,025,320
Savings and Temporary Cash Investments$103,973$2,974,308▲ $2,870,335
Cash and Non-Interest-Bearing Accounts$477,918$461,810▼ $16,108
Prepaid Expenses and Deferred Charges$172,771$121,723▼ $51,048
Inventories for Sale or Use$50,395$47,809▼ $2,586
Accounts Receivable$145,339$26,966▼ $118,373
Total Assets$59,922,471$66,800,738▲ $6,878,267
Other Assets Total$212$44,611▲ $44,399
Liabilities
Tax Exempt Bond Liabilities$2,183,045$1,792,602▼ $390,443
Deferred Revenue$1,039,044$1,073,389▲ $34,345
Mortgage Notes Payable Secured by Investment Property$1,734,788$965,869▼ $768,919
Other Liabilities$844,518$805,689▼ $38,829
Accounts Payable and Accrued Expenses$735,685$759,832▲ $24,147
Total Liabilities$6,537,080$5,397,381▼ $1,139,699
Net Assets / Fund Balance
Net Assets With Donor Restrictions$32,431,936$37,773,505▲ $5,341,569
Net Assets Without Donor Restrictions$20,953,455$23,629,852▲ $2,676,397
Total Net Assets Fund Balance$53,385,391$61,403,357▲ $8,017,966
Total Liabilities and Net Assets / Fund Balance$59,922,471$66,800,738▲ $6,878,267

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$10,785,976$10,731,217$21,517,193
Equipment$807,641$1,660,617$2,468,258
Other Land Buildings$1,226,427$20,400$1,246,827
Land$1,124,426-$1,124,426
Leasehold Improvements$598,734$431,889$1,030,623
Other Securities$5,926,114--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2024$34,869,460$3,087,061▲ $4,757,897$-5,602,999$37,111,419
2023$28,856,771$3,896,874▲ $4,280,740$-2,164,926$34,869,460
2022$25,771,061$2,372,280▲ $3,422,982$-2,709,552$28,856,771
2021$30,556,779$951,902▼ $4,563,980$1,173,640$25,771,061
2020$25,076,832$890,158▲ $6,132,169$1,542,380$30,556,779
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Justin ZimmermanHead of SchoolFT$223,300$25,507$248,807

Board Members and Trustees

Highest Paid Contractors

ContractorServicesLocationCompensation
Aladdin FoodsCafeteria Service16567 COLLECTIONS CENTER DRIVE, Chicago, IL 60693$1,124,309
Kalkreuth Roofing & Sheet MetalRoofing53 14TH ST 100, Wheeling, WV 26003$241,750
Colaianni ConstructionGeneral Contractor2141 OH-150, Dillonvale, OH 43917$150,900
Johnson Boiler Works INCAc,heating, Plumbing53 MARSHALL ST N, Benwood, WV 26031$101,614
Revenue and Support

Revenue Composition

Contributions and Grants
$4,840,432
Program Service Revenue
$13,543,085
Investment Income
$2,152,458
Other Revenue
$195,939
All Other Contributions
$4,774,412
Change in Net Assets
$3,529,375

Audited Revenue Reconciliation

Revenue per Audited Statements
$20,731,915
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$-2,186,870
Total Revenue per Audited Statements
$18,545,045
Total Revenue per Form 990
$20,731,915
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$5,911,828
Grants and Similar Amounts Paid$5,679,824
Other Expenses$5,530,390
Total Fundraising Expense$618,927
Professional Fundraising Fees$80,497

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$5,679,824--$5,679,824
Other Salaries and Wages$3,442,007$799,195$337,801$4,579,003
Other Employee Benefits$739,225$114,942$68,759$922,926
Occupancy$723,609--$723,609
Depreciation Depletion$661,833$10,200-$672,033
Fees for Service Investment Mgmnt Fees-$343,939-$343,939
Other Expenses$322,826$5,796$76,593$328,622
Payroll Taxes$241,317$55,846$24,194$321,357
All Other Expenses-$260,306-$260,306
Information Technology$56,141$121,305$15,648$193,094
Insurance$164,356--$164,356
Interest-$114,683-$114,683
Advertising-$106,084-$106,084
Pension Plan Contributions$54,491$24,860$9,191$88,542
Fees for Services Professional Fundraising--$80,497$80,497
Office Expenses-$43,726-$43,726
Fees for Services Accounting-$30,460-$30,460
Travel-$9,268$6,244$15,512
Total Functional Expenses$13,967,715$2,615,897$618,927$17,202,539

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$17,202,539
Total Expenses per Form 990$17,202,539
Total Expenses per Audited Statements$11,178,776
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$-6,023,763
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$125,390
Professional Fundraising Fees$80,497
Fundraising Direct Expenses$60,403

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Golf Outing$72,800$72,800$19,737$53,063
Spring Soiree$52,040$52,040$15,676$36,364
Total Events$125,390$125,390$60,403$64,987
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
-Entity Owned by Trustee, Lee C Paull IvInsuranceNo$46,840
-Gary Glessner on Unified Bank BoardInterestNo$36,493
-Entity Owned by Trustee, Jim SquibbMarketing and PromotionNo$16,737
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Deferred Rental Income$805,689

Bond Issues

BondIssuerIssuedIssue PricePurpose
AThe Ohio County Commission (united Bank)2012-10-31$6,000,000Construction, renovations, repairs, technology update

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$4,500,000---

Bond Financing Compliance

No rebate due
No
Rebate not yet due
No
Form 8038-T filed
No
Gross proceeds invested
No
Gross proceeds invested in GIC
No
Exception to rebate
No
Corrective action procedures
No
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 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
Yes
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 return is reviewed by the school's controller and business manager prior to being filed. Interested trustees are provided a copy of the 990 for review.

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

Annual conflict of interest statements are obtained for all trustees.

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

Periodic reviews of compensation and benefits are completed by a special committee

Form 990, Part VI, Section C, line 19

Governing documents, policies and audited financial statements are available to interested parties upon request

Filing and Contact Details

Filer

Filer Name
The Linsly School Incorporated
EIN
55-0357035
Phone
3042333260
Address
60 KNOX LANE, WHEELING, WV 26003-6430

Signing Officer

Name
Greg Martin
Title
Director of Operations
Phone
3042333260
Signed
2025-10-23

Organization Details

Principal Officer
Greg Martin
Formed
1814
Legal Domicile
Wv
Voting Board Members
19
Independent Board Members
19
Employees
150
Volunteers
0

Preparer

Firm
Kozicki Hughes Tickerhoof Pllc
Address
32 TWENTIETH STREET SUITE 300, WHEELING, WV 26003
Preparer
Nancy Hughes CPA
Phone
3042322280
Supplemental Narrative

Additional Explanations

Form 990, Part XI, line 9:

Prior period adjustment; erc received 651,696.

Financial Statement Notes

Part III, Line 1A:

The School has adopted the policy of not capitalizing any collection items received or obtained for use in the Linsly Museum. No assets are recognized from the acquisition of collection items, which include uniforms, books, and other memorabilia. Generally, all additions to the Linsly Museum are obtained through donations and have no financial significance in relation to the operations of the School. Collection items are included in both in-kind contributions and in-kind goods and services reflected in the Statements of Activities.

Part XI, Line 2D - Other Adjustments:

Investment fees netted against investment income -343,939. Financial aid netted against tuition income -5,679,824.

Part XII, Line 2D - Other Adjustments:

Investment fees netted against investment income -343,939. Financial aid netted against tuition income -5,679,824.

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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/MissionDesc0THE LINSLY SCHOOL IS A PRIVATE, INDEPENDENT DAY AND BOARDING SCHOOL FOR STUDENTS IN GRADES 5 THROUGH 12. THE COLLEGE PREPARATORY CURRICULUM THAT COMBINES THE TRADITIONAL VALUES OF HARD WORK, RESPECT, HONOR, HONESTY, AND SELF DISCIPLINE WITHIN A CHALLENGING ACADEMIC PROGRAM DESIGNED TO UNLOCK THE POTENTIAL OF EACH STUDENT.
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