Civic Intelligence

St George'S Independent School

EIN 62-1761850 • 501(c)3 • Collierville, TN

Profile

St. George's independent school is an episcopal school dedicated to the pursuit of excellence, preparing students for a life of learning and meaningful contribution in an inclusive learning community that nurtures outstanding academic achievement, relationships, leadership and character reinforced by judeo-christian values.

1880 Wolf River BoulevardCollierville, TN 38017-9052

www.sgis.org

Siviq Scores

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

Liabilities / Assets

81st percentile

0.67x

Higher debt load relative to assets than 81% of similar nonprofits.

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

Liabilities / Revenue

88th percentile

2.71x

Higher debt load relative to revenue than 88% of similar nonprofits.

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

Net Margin

5th percentile

-47%

Higher net margin than 5% of similar nonprofits.

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

Top Officer Pay

21st percentile

$203,042

Higher top officer pay than 21% of similar nonprofits.

Top officer pay equals 1.3% of source-year revenue.

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

Asset Growth

43rd percentile

4.3%

Faster asset growth than 43% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Annualized from 2023 to 2025

Revenue Growth

25th percentile

-2.6%

Faster revenue growth than 25% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Annualized from 2023 to 2025

Assets

Up

$64,254,130

Up $3,759,237 (+6.2%) from 2024

Liabilities

Up

$43,350,569

Up $3,672,155 (+9.3%) from 2024

Net Assets

Up

$20,903,561

Up $87,082 (+0.4%) from 2024

Revenue

Down

$15,993,928

Down $1,150,053 (-6.7%) from 2024

Expenses

Up

$23,484,883

Up $1,790,521 (+8.3%) from 2024

Net Income

Down

-$7,490,955

Down $2,940,574 (-65%) from 2024

Trend Graphs

Balance Sheet Trend

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

$100M$50M$0Assets 2011: $82,297,605Liabilities 2011: $52,605,544Net Assets 2011: $29,692,0612011Assets 2012: $76,916,803Liabilities 2012: $52,614,979Net Assets 2012: $24,301,8242012Assets 2013: $75,805,728Liabilities 2013: $49,280,421Net Assets 2013: $26,525,3072013Assets 2014: $75,321,530Liabilities 2014: $50,309,008Net Assets 2014: $25,012,5222014Assets 2015: $71,712,068Liabilities 2015: $48,804,197Net Assets 2015: $22,907,8712015Assets 2016: $66,656,179Liabilities 2016: $47,447,008Net Assets 2016: $19,209,1712016Assets 2017: $67,610,056Liabilities 2017: $45,777,378Net Assets 2017: $21,832,6782017Assets 2018: $63,941,229Liabilities 2018: $44,906,807Net Assets 2018: $19,034,4222018Assets 2019: $59,691,752Liabilities 2019: $43,711,940Net Assets 2019: $15,979,8122019Assets 2020: $62,976,799Liabilities 2020: $48,128,219Net Assets 2020: $14,848,5802020Assets 2021: $60,663,289Liabilities 2021: $46,301,518Net Assets 2021: $14,361,7712021Assets 2022: $59,834,340Liabilities 2022: $44,954,549Net Assets 2022: $14,879,7912022Assets 2023: $59,074,815Liabilities 2023: $46,190,326Net Assets 2023: $12,884,4892023Assets 2024: $60,494,893Liabilities 2024: $39,678,414Net Assets 2024: $20,816,4792024Assets 2025: $64,254,130Liabilities 2025: $43,350,569Net Assets 2025: $20,903,5612025

Highlighted filing

2025

Assets$64,254,130
Liabilities$43,350,569
Net Assets$20,903,561

Operations Trend

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

$30M$20M$10M$0-$10MExpenses 2011: $19,063,4052011Expenses 2012: $19,679,0522012Expenses 2013: $19,723,9332013Revenue 2014: $19,108,851Expenses 2014: $20,682,109Net Income 2014: -$1,573,2582014Revenue 2015: $19,768,354Expenses 2015: $21,150,871Net Income 2015: -$1,382,5172015Revenue 2016: $17,673,393Expenses 2016: $21,372,093Net Income 2016: -$3,698,7002016Revenue 2017: $23,445,592Expenses 2017: $20,822,085Net Income 2017: $2,623,5072017Revenue 2018: $18,028,533Expenses 2018: $20,826,789Net Income 2018: -$2,798,2562018Revenue 2019: $17,708,754Expenses 2019: $20,763,364Net Income 2019: -$3,054,6102019Revenue 2020: $21,151,710Expenses 2020: $22,282,942Net Income 2020: -$1,131,2322020Revenue 2021: $18,810,630Expenses 2021: $19,297,439Net Income 2021: -$486,8092021Revenue 2022: $20,730,211Expenses 2022: $20,212,191Net Income 2022: $518,0202022Revenue 2023: $16,865,791Expenses 2023: $20,427,686Net Income 2023: -$3,561,8952023Revenue 2024: $17,143,981Expenses 2024: $21,694,362Net Income 2024: -$4,550,3812024Revenue 2025: $15,993,928Expenses 2025: $23,484,883Net Income 2025: -$7,490,9552025

Highlighted filing

2025

Revenue$15,993,928
Expenses$23,484,883
Net Income-$7,490,955

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$64.3$43.4$20.9$16.0$23.5$7.49
2024Detailed filing. Detailed filing data is available for this year.$60.5$39.7$20.8$17.1$21.7$4.55
2023Detailed filing. Detailed filing data is available for this year.$59.1$46.2$12.9$16.9$20.4$3.56
2022Detailed filing. Detailed filing data is available for this year.$59.8$45.0$14.9$20.7$20.2$0.52
2021Detailed filing. Detailed filing data is available for this year.$60.7$46.3$14.4$18.8$19.3$0.49
2020Detailed filing. Detailed filing data is available for this year.$63.0$48.1$14.8$21.2$22.3$1.13
2019Detailed filing. Detailed filing data is available for this year.$59.7$43.7$16.0$17.7$20.8$3.05
2018Detailed filing. Detailed filing data is available for this year.$63.9$44.9$19.0$18.0$20.8$2.80
2017Detailed filing. Detailed filing data is available for this year.$67.6$45.8$21.8$23.4$20.8$2.62
2016Detailed filing. Detailed filing data is available for this year.$66.7$47.4$19.2$17.7$21.4$3.70
2015Detailed filing. Detailed filing data is available for this year.$71.7$48.8$22.9$19.8$21.2$1.38
2014Detailed filing. Detailed filing data is available for this year.$75.3$50.3$25.0$19.1$20.7$1.57
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$75.8$49.3$26.5$19.7
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$76.9$52.6$24.3$19.7
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$82.3$52.6$29.7$19.1
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2024 to Jun 30, 2025
Signed
Jan 29, 2026
Return Version
2024v5.5
Gross Receipts
$15,995,628
Mission and Program Overview

Mission

St. George's independent school is an episcopal school dedicated to the pursuit of excellence, preparing students for a life of learning and meaningful contribution in an inclusive learning community that nurtures outstanding academic achievement, relationships, leadership and character reinforced by judeo-christian values.

Co-educational private school for grades pre-k trough twelve on 3 campuses in memphis, tn.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$30,883,345$30,997,418▲ $114,073
Accounts Receivable$8,562,880$13,628,322▲ $5,065,442
Investments Program Related$12,879,581$13,324,197▲ $444,616
Other Notes and Loans Receivable, Net$4,302,358$3,712,203▼ $590,155
Cash and Non-Interest-Bearing Accounts$3,608,915$2,387,951▼ $1,220,964
Prepaid Expenses and Deferred Charges$60,192$60,193▲ $1
Savings and Temporary Cash Investments$38,050$39,830▲ $1,780
Total Assets$60,494,893$64,254,130▲ $3,759,237
Other Assets Total$159,572$104,016▼ $55,556
Liabilities
Tax Exempt Bond Liabilities$17,811,221$17,549,191▼ $262,030
Deferred Revenue$11,995,339$16,708,921▲ $4,713,582
Mortgage Notes Payable Secured by Investment Property$5,517,378$4,972,633▼ $544,745
Other Liabilities$4,303,310$4,121,962▼ $181,348
Accounts Payable and Accrued Expenses$51,166$-2,138▼ $53,304
Total Liabilities$39,678,414$43,350,569▲ $3,672,155
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$12,693,734$12,942,260▲ $248,526
Net Assets With Donor Restrictions$8,122,745$7,961,301▼ $161,444
Total Net Assets Fund Balance$20,816,479$20,903,561▲ $87,082
Total Liabilities and Net Assets / Fund Balance$60,494,893$64,254,130▲ $3,759,237

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$26,592,884$36,034,389$62,627,273
Land$4,404,534-$4,404,534
Investment Program Related Org$13,324,197--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2024$9,108,528$21,788▲ $1,103,598$3,160,110$7,073,804
2023$10,365,639$1,000,000▲ $1,215,929$3,473,040$9,108,528
2022$9,574,399$8,890▲ $1,115,638$333,288$10,365,639
2021$10,904,313$500▼ $869,339$461,075$9,574,399
2020$8,818,877$58,716▲ $2,328,668$301,948$10,904,313
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Mr Luke PruettEx-officio Trustee/ Head of SchoolFT$203,042$203,042
Ms Angie SimpsonChief Business OfficerFT$101,412$101,412
Revenue and Support

Revenue Composition

Contributions and Grants
$30,930
Program Service Revenue
$15,542,848
Investment Income
$5,444
Other Revenue
$414,706
All Other Contributions
$30,930
Change in Net Assets
$-7,490,955

Audited Revenue Reconciliation

Revenue per Audited Statements
$15,993,928
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$7,578,037
Total Revenue per Audited Statements
$23,571,965
Total Revenue per Form 990
$15,993,928
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$15,317,964
Other Expenses$8,166,919
Total Fundraising Expense$379,117
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$8,031,449$4,691,916$71,578$12,794,943
Depreciation Depletion-$1,632,478-$1,632,478
Interest-$1,608,433-$1,608,433
All Other Expenses$722,021$620,731$6,666$1,349,418
Payroll Taxes$582,649$324,311$18,206$925,166
Other Employee Benefits$411,804$229,029$13,332$654,165
Pension Plan Contributions$399,003$222,005$12,682$633,690
Other Expenses$503,079$663,058-$503,079
Insurance$98,700$251,142-$349,842
Current Officers, Directors, Trustees, and Key Employees-$210,000$100,000$310,000
Information Technology$197,272$37,664-$234,936
Advertising--$153,778$153,778
Fees for Services Other-$83,514-$83,514
Office Expenses$8,432$46,214$2,875$57,521
Total Functional Expenses$11,607,154$11,498,612$379,117$23,484,883

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$23,484,883
Total Expenses per Audited Statements$23,484,883
Total Expenses per Form 990$23,484,883
Expenses Not Reported on Financial Statements$0
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Related Party$2,761,724
Accrued Salaries and Payroll Taxes$1,256,222
Operating Lease Liability$104,016

Bond Issues

BondIssuerIssuedIssue PricePurpose
AServisfirst2024-04-03$18,000,000SEE PART VI

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$18,000,000--$129,694

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
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
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

Presented to board of trustees for review.

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

By holding regular board meetings and discussing any potential conflict ofinterest.

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

Board of trustees approves contract for head of school and performs an annual performance review.

Form 990, Part VI, Section C, Line 19

Such documents are available upon request.

Filing and Contact Details

Filer

Filer Name
ST GEORGE'S INDEPENDENT SCHOOL
EIN
62-1761850
Phone
9014572138
Address
1880 WOLF RIVER BOULEVARD, COLLIERVILLE, TN 38017-9052

Signing Officer

Name
Carol Miraglia
Title
Treasurer
Phone
9014572138
Signed
2026-01-29
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Carol Miraglia
Formed
1999
Legal Domicile
Tn
Voting Board Members
21
Independent Board Members
21
Employees
412
Volunteers
50

Preparer

Firm
Ata Advisory LLC
Address
6525 N QUAIL HOLLOW RD STE 500, MEMPHIS, TN 38120
Preparer
Lee Hood
Phone
9016841170
Supplemental Narrative

Additional Explanations

Form 990, Part I, Line I

Co-educational private school for grades pre-k through twelve on 3 campuses in the memphis, tn area.

Form 990, Part III, Line I

St. George's independent school is an episcopal school dedicated to the pursuit of excellence, preparing students for a life of learning and meaningful contribution in an inclusive learning community that nurtures outstanding academic achievement, relationships, leadership and character reinforced by judeo-christian values.

FORM 990, PART XI, LINE 9:

Change in investment in net assets of related party 7,578,037.

Financial Statement Notes

PART V, LINE 4:

Endowment funds are held by the school's related foundation and are used to fund the operations of the school.

PART XI, LINE 2D - OTHER ADJUSTMENTS:

Change in investment in net assets of related party 7,578,037.

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IRS990/ProgramServiceRevenueGrp/Desc0TUITION
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IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt012988022
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt11573498

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