Civic Intelligence

Canterbury School Inc

EIN 59-1058089 • 501(c)3 • Fort Myers, FL

Profile

Canterbury school is pk3-12, coeducational, college preparatory day school with approximately 650 students. The school is dedicated to academic excellence within a caring and supportive community emphasizing character, leadership and service.

8141 College ParkwayFort Myers, FL 33919

www.canterburyfortmyers.org

Siviq Scores

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

Liabilities / Assets

71st percentile

0.46x

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

501(c)3 • $25M-$50M nonprofits • Source year 2024

Liabilities / Revenue

67th percentile

0.53x

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

501(c)3 • $25M-$50M nonprofits • Source year 2024

Net Margin

47th percentile

3.3%

Higher net margin than 47% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2024

Top Officer Pay

68th percentile

$350,615

Higher top officer pay than 68% of similar nonprofits.

Top officer pay equals 1.2% of source-year revenue.

501(c)3 • $25M-$50M nonprofits • Source year 2024

Asset Growth

15th percentile

-4.6%

Faster asset growth than 15% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Annualized from 2023 to 2024

Revenue Growth

54th percentile

9.2%

Faster revenue growth than 54% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Annualized from 2023 to 2024

Assets

Down

$32,821,186

Down $1,595,615 (-4.6%) from 2023

Liabilities

Down

$15,093,189

Down $2,920,579 (-16%) from 2023

Net Assets

Up

$17,727,997

Up $1,324,964 (+8.1%) from 2023

Revenue

Up

$28,679,965

Up $2,420,494 (+9.2%) from 2023

Expenses

Up

$27,742,210

Up $1,638,303 (+6.3%) from 2023

Net Income

Up

$937,755

Up $782,191 (+503%) from 2023

Trend Graphs

Balance Sheet Trend

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

$40M$30M$20M$10M$0Assets 2010: $34,575,858Liabilities 2010: $27,123,449Net Assets 2010: $7,452,4092010Assets 2011: $34,228,386Liabilities 2011: $26,809,482Net Assets 2011: $7,418,9042011Assets 2012: $34,275,519Liabilities 2012: $27,460,717Net Assets 2012: $6,814,8022012Assets 2013: $33,838,423Liabilities 2013: $26,933,387Net Assets 2013: $6,905,0362013Assets 2014: $32,540,859Liabilities 2014: $25,295,667Net Assets 2014: $7,245,1922014Assets 2015: $31,371,939Liabilities 2015: $24,990,009Net Assets 2015: $6,381,9302015Assets 2016: $30,354,335Liabilities 2016: $25,822,162Net Assets 2016: $4,532,1732016Assets 2017: $30,075,705Liabilities 2017: $24,393,778Net Assets 2017: $5,681,9272017Assets 2018: $30,201,765Liabilities 2018: $23,873,508Net Assets 2018: $6,328,2572018Assets 2019: $32,236,169Liabilities 2019: $22,649,325Net Assets 2019: $9,586,8442019Assets 2020: $31,400,255Liabilities 2020: $20,036,808Net Assets 2020: $11,363,4472020Assets 2021: $32,775,511Liabilities 2021: $18,834,021Net Assets 2021: $13,941,4902021Assets 2022: $32,100,512Liabilities 2022: $16,164,216Net Assets 2022: $15,936,2962022Assets 2023: $34,416,801Liabilities 2023: $18,013,768Net Assets 2023: $16,403,0332023Assets 2024: $32,821,186Liabilities 2024: $15,093,189Net Assets 2024: $17,727,9972024

Highlighted filing

2024

Assets$32,821,186
Liabilities$15,093,189
Net Assets$17,727,997

Operations Trend

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

$30M$20M$10M$0-$10MExpenses 2010: $13,205,3572010Expenses 2011: $12,849,8252011Expenses 2012: $12,837,5032012Expenses 2013: $13,629,3832013Revenue 2014: $13,254,945Expenses 2014: $13,979,427Net Income 2014: -$724,4822014Revenue 2015: $13,873,407Expenses 2015: $14,546,789Net Income 2015: -$673,3822015Revenue 2016: $14,811,584Expenses 2016: $15,525,504Net Income 2016: -$713,9202016Revenue 2017: $16,502,968Expenses 2017: $16,850,929Net Income 2017: -$347,9612017Revenue 2018: $17,966,337Expenses 2018: $17,807,974Net Income 2018: $158,3632018Revenue 2019: $23,638,435Expenses 2019: $19,488,710Net Income 2019: $4,149,7252019Revenue 2020: $22,384,639Expenses 2020: $20,279,673Net Income 2020: $2,104,9662020Revenue 2021: $22,378,121Expenses 2021: $21,692,560Net Income 2021: $685,5612021Revenue 2022: $28,305,527Expenses 2022: $24,358,207Net Income 2022: $3,947,3202022Revenue 2023: $26,259,471Expenses 2023: $26,103,907Net Income 2023: $155,5642023Revenue 2024: $28,679,965Expenses 2024: $27,742,210Net Income 2024: $937,7552024

Highlighted filing

2024

Revenue$28,679,965
Expenses$27,742,210
Net Income$937,755

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$32.8$15.1$17.7$28.7$27.7$0.94
2023Detailed filing. Detailed filing data is available for this year.$34.4$18.0$16.4$26.3$26.1$0.16
2022Detailed filing. Detailed filing data is available for this year.$32.1$16.2$15.9$28.3$24.4$3.95
2021Detailed filing. Detailed filing data is available for this year.$32.8$18.8$13.9$22.4$21.7$0.69
2020Summary only. Only limited summary data is available for this year.$31.4$20.0$11.4$22.4$20.3$2.10
2019Detailed filing. Detailed filing data is available for this year.$32.2$22.6$9.59$23.6$19.5$4.15
2018Detailed filing. Detailed filing data is available for this year.$30.2$23.9$6.33$18.0$17.8$0.16
2017Detailed filing. Detailed filing data is available for this year.$30.1$24.4$5.68$16.5$16.9$0.35
2016Detailed filing. Detailed filing data is available for this year.$30.4$25.8$4.53$14.8$15.5$0.71
2015Detailed filing. Detailed filing data is available for this year.$31.4$25.0$6.38$13.9$14.5$0.67
2014Detailed filing. Detailed filing data is available for this year.$32.5$25.3$7.25$13.3$14.0$0.72
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$33.8$26.9$6.91$13.6
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$34.3$27.5$6.81$12.8
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$34.2$26.8$7.42$12.8
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$34.6$27.1$7.45$13.2
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
May 14, 2025
Return Version
2023v6.0
Gross Receipts
$29,284,105
Mission and Program Overview

Mission

Canterbury school is pk3-12, coeducational, college preparatory day school with approximately 650 students. The school is dedicated to academic excellence within a caring and supportive community emphasizing character, leadership and service.

To provide academic excellence while emphazising character, leadership and service.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$23,299,192$22,245,593▼ $1,053,599
Investments in Publicly Traded Securities$5,748,198$5,017,507▼ $730,691
Pledges and Grants Receivable$2,747,148$2,035,791▼ $711,357
Savings and Temporary Cash Investments$856,009$1,978,537▲ $1,122,528
Prepaid Expenses and Deferred Charges$234,944$442,116▲ $207,172
Cash and Non-Interest-Bearing Accounts$615,613$384,360▼ $231,253
Accounts Receivable$619,751$347,399▼ $272,352
Inventories for Sale or Use$8,180$26,216▲ $18,036
Total Assets$34,416,801$32,821,186▼ $1,595,615
Other Assets Total$287,766$343,667▲ $55,901
Liabilities
Mortgage Notes Payable Secured by Investment Property$10,010,869$7,883,060▼ $2,127,809
Deferred Revenue$4,763,708$5,215,736▲ $452,028
Accounts Payable and Accrued Expenses$1,962,096$1,645,701▼ $316,395
Other Liabilities$1,277,095$348,692▼ $928,403
Total Liabilities$18,013,768$15,093,189▼ $2,920,579
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$11,155,788$13,051,418▲ $1,895,630
Net Assets With Donor Restrictions$5,247,245$4,676,579▼ $570,666
Total Net Assets Fund Balance$16,403,033$17,727,997▲ $1,324,964
Total Liabilities and Net Assets / Fund Balance$34,416,801$32,821,186▼ $1,595,615

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$8,554,315$13,578,372$22,132,687
Land$12,685,518-$12,685,518
Equipment$890,297$1,413,178$2,303,475
Leasehold Improvements$115,463$183,277$298,740

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2023$1,714,165$1,000--$1,715,165
2022$2,210,448$177,000-$673,283$1,714,165
2021$2,284,879-▼ $74,431-$2,210,448
2020$1,800,103$113,475▲ $403,422$32,121$2,284,879
2019$2,032,455-▼ $153,669$63,251$1,800,103
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Ryan KirschnerHead of SchoolFT$324,615$26,000$350,615
George PappasAssociate Head of SchoolFT$173,979-$173,979
Susan ChiconeAssistant Head for Finance and Human ResourcesFT$152,608-$152,608
Susan ChiconeAssistant Head for Finance and Human-$152,608-$152,608
Frank TurcoAthletic DirectorFT$119,834-$119,834
Nikki ErnstHead of Lower SchoolFT$110,897-$110,897

Board Members and Trustees

NameTitle
Mike DamianiChair
Ryan BensonVice Chair
Wendy CrateSecretary
Dom CamerattaTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Sage Dining ServicesSchool Meals1402 YORK ROAD, Lutherville, MD 21093$786,916
Clifton Larson Allen LLPFinancial Services12800 UNIVERSITY DRIVE SUITE 210, Fort Myers, FL 33907$350,829
Entech Computer Services INCComputer Services5276 SUMMERLIN COMMONS WAY SUITE 70, Fort Myers, FL 33907$337,002
Summit Security LLCFire And Security Monitoring12320 CRYSTAL COMMERCE LOOP, Fort Myers, FL 33966$223,570
Demco INCSchool SuppliesPO BOX 7488, Madison, WI 53707$162,122
Revenue and Support

Revenue Composition

Contributions and Grants
$3,072,122
Program Service Revenue
$25,348,063
Investment Income
$250,642
Other Revenue
$9,138
All Other Contributions
$2,374,058
Change in Net Assets
$937,755

Audited Revenue Reconciliation

Revenue per Audited Statements
$21,860,352
Revenue Not Reported on Financial Statements
$6,819,613
Revenue Not Reported on Form 990
$521,928
Other Revenue Adjustments
$6,819,613
Total Revenue per Audited Statements
$22,382,280
Total Revenue per Form 990
$28,679,965
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$12,800,309
Other Expenses$8,122,288
Grants and Similar Amounts Paid$6,819,613
Total Fundraising Expense$1,284,832
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$7,329,903$987,151$935,527$9,252,581
Grants to Domestic Individuals$6,819,613--$6,819,613
Other Employee Benefits$1,955,726--$1,955,726
Depreciation Depletion-$1,464,513-$1,464,513
Travel$1,113,510$18,415$98,405$1,230,330
Fees for Services Other$31,087$985,008-$1,016,095
Payroll Taxes$745,302$100,383$95,115$940,800
Current Officers, Directors, Trustees, and Key Employees$515,883$69,477$65,842$651,202
Insurance-$589,532-$589,532
Occupancy$523,392--$523,392
Office Expenses$344,365$109,705$11,113$465,183
All Other Expenses$130,266$239,314$68,699$438,279
Interest-$434,985-$434,985
Other Expenses$152,983$109,119$10,131$152,983
Advertising$43,236$29,206-$72,442
Total Functional Expenses$21,043,748$5,413,630$1,284,832$27,742,210

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$27,742,210
Total Expenses per Audited Statements$21,057,316
Expenses per Audited Statements$20,922,597
Expenses Not Reported on Financial Statements$6,819,613
Other Expense Adjustments$6,819,613
Expenses Not Reported on Form 990$134,719
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$134,719
Fundraising Gross Income$72,431
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Gala$678,927$66,681$40,018$26,663
Golf Tournament$74,390$5,750$16,966$-11,216
Total Events$770,495$72,431$134,719$-62,288
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Operating Lease Liabilities$210,494
Finance Lease Liabilities$138,198
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
No
Business relationship with 35% controlled entity
No
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
Yes
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 board treasurer reviews a draft of the tax return for accuracy and completeness prior to signing and filing the tax return. The entire board is provided a copy of the public filing copy at the next board meeting.

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

The board of trustees is committed to avoiding conflicts between the interest of the school and any personal interest of a trustee. A trustee must manage his or her personal and business affairs legally and ethically, so as to avoid an actual or perceived conflict of interest. Generally, a conflict may arise when 1) a trustee has an existing or potential financial or other interest which impairs, or might appear to impair, his or her objectivity in serving the school; or 2) a trustee might derive, or appear to derive, a financial or other material benefit from his or her board service. Ultimately, the determination of whether a conflict or interest exists relies on each trustee's sound judgment, honesty, and ethics. When a potential conflict of interest exists or is believed to exist, prompt disclosure to the chair or co-chair is required. Recusal or abstention may be required. Each trustee is required to sign a copy of this policy on an annual basis. Each trustee is required to abide by this code of conduct/conflict of interest policy and with the bylaws at all times. Failure to do so shall result in removal from the board of trsutees. Further, violation of this policy or other policies adopted by the board of trustees may result in the trustee's removal from the board of trustees.

Form 990, Part VI, Section B, Line 15

Compensation for the top management official (head of school) is benchmarked against comparable positions at peer institutions and reviewed by the board of trustees. Compensation for key employees is benchmarked against comparable positions at peer institutions, using the dasl survey which is collected annually in the fall by the nais. The head of school reviews the data to determine salaries.

Form 990, Part VI, Section C, Line 18

Form 990 is available upon request

Form 990, Part VI, Section C, Line 19

The organization's governing documents, conflict of interest policy, and financial statements are made available upon request.

Filing and Contact Details

Filer

Filer Name
Canterbury School Inc
EIN
59-1058089
Phone
2394814323
Address
8141 COLLEGE PARKWAY, FORT MYERS, FL 33919

Signing Officer

Name
Richard Kirschner
Title
Head of School
Phone
2394814323
Signed
2025-05-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Richard Kirschner
Formed
1964
Legal Domicile
Fl
Voting Board Members
4
Independent Board Members
4
Employees
264
Volunteers
100

Preparer

Firm
Hill Barth & King LLC
Address
3838 TAMIAMI TRAIL NORTH SUITE 200, NAPLES, FL 34103
Preparer
Ashlynn E Reeder
Phone
2392632111
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 4A, Program Service Accomplishments

Course of studies: our students pursue a rigourous schedule of college preparatory classes for all four years in the upper school. All classes at canterbury school are taught at the honors level, with advanced placement (ap) and independent studies providing extra challenges. Ap courses are provided in all core subject areas. Enrollment in ap is determined by academic department policies and/or prerequisite courses. Athletics and extracurricular activities: athletics, clubs and organizations play key roles in student life. Canterbury offers an array of sports for student participation including: football, soccer, baseball, basketball, volleyball, swimming, tennis, golf, cross-country, track and field and lacrosse. 75% of our upper school students participate in sports. There are well over 20 active clubs on campus including yearbook, chess, mock trial, and model un. Club members meet on a regular basis throughout the year. Additionally, students participate in a variety of local, state, national and international scholastic competitions. Students drawn from: alva, bokeelia, bonita springs, cape coral, estero, fort myers, fort myers beach, labelle, lehigh acres, naples, north fort myers, port charlotte, punta gorda, sanibel graduates accepted to four-year colleges or universities: 100% average class size: 16 student/faculty ratio: 10:1 financial aid: for the 2023-2024 school year, canterbury school provided approximately $6,530,146 of financial assistance/tuition remission to 28% of the student body. Canterbury school adheres to the national association of independent schools' "principles of good practice for financial aid". Percentage of faculty & administration holding advanced degrees: 47% mascot: cougar accreditations/memberships: - national association of independent schools - florida council of independent schools - southern association of colleges and schools - southern association of independent schools - national association of college admission counseling - the college board academic societies: - cum laude society - international thespian society - la societe honoraire de francais - mu alpha theta mathematics honor society - national english honor society - national honor society - national latin honor society - rho kappa, fcss student honor society - science national honor society - sociedad honoraria hispanica philanthropy: the school relies on tuition and philanthropic support

Financial Statement Notes

PART XI, LINE 2D - OTHER ADJUSTMENTS:

Special event expense 134,719.

PART XI, LINE 4B - OTHER ADJUSTMENTS:

Scholarships and grants 6,819,613.

PART XII, LINE 2D - OTHER ADJUSTMENTS:

Special event expense 134,719.

PART XII, LINE 4B - OTHER ADJUSTMENTS:

Scholarships and grants 6,819,613.

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IRS990/Desc0CANTERBURY HISTORY IS RICH IN LEADERSHIP AND VISION BY THOSE WHO HAVE COME BEFORE US AS DONORS, VISIONARIES AND VOLUNTEERS. TOGETHER THEY HAVE SET THE COURSE FOR WHAT CANTERBURY IS TODAY, A WELL-RESPECTED EDUCATIONAL INSTITUTION PRODUCING STUDENTS WHO ARE PREPARED FOR SUCCESS IN COLLEGE AND BEYOND.(CONTINUED ON SCHEDULE O).
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IRS990/MissionDesc0CANTERBURY SCHOOL IS PK3-12, COEDUCATIONAL, COLLEGE PREPARATORY DAY SCHOOL WITH APPROXIMATELY 650 STUDENTS. THE SCHOOL IS DEDICATED TO ACADEMIC EXCELLENCE WITHIN A CARING AND SUPPORTIVE COMMUNITY EMPHASIZING CHARACTER, LEADERSHIP AND SERVICE.
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