Civic Intelligence

Parish Episcopal School

990 • Fiscal year 2019 • EIN 75-1390485

Jul 01, 2018 to Jun 30, 2019 • Filed on Jan 24, 2020

4101 Sigma RoadDallas, TX 75244

(972) 239-8011

Siviq Scores

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

Liabilities / Assets

74th percentile

0.55x

Higher debt load relative to assets than 74% of similar nonprofits.

2019 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2019

Liabilities / Revenue

74th percentile

1.02x

Higher debt load relative to revenue than 74% of similar nonprofits.

2019 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2019

Net Margin

77th percentile

18%

Higher net margin than 77% of similar nonprofits.

2019 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2019

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2019

Asset Growth

68th percentile

10%

Faster asset growth than 68% of similar nonprofits.

2019 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2018 to 2019

Revenue Growth

53rd percentile

4.5%

Faster revenue growth than 53% of similar nonprofits.

2019 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2018 to 2019

Assets

Up

$81,185,089

Up $7,473,852 (+10%) from 2018

Net Assets

Up

$36,214,150

Up $6,974,524 (+24%) from 2018

Liabilities

Up

$44,970,939

Up $499,328 (+1.1%) from 2018

Revenue

Up

$43,972,480

Up $1,887,940 (+4.5%) from 2018

Expenses

Up

$36,269,304

Up $1,735,547 (+5.0%) from 2018

Net Income

Up

$7,703,176

Up $152,393 (+2.0%) from 2018

Historical Trend

Balance Sheet Trend

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

$150M$100M$50M$0Assets 2013: $58,204,426Liabilities 2013: $43,911,391Net Assets 2013: $14,293,0352013Assets 2014: $56,933,356Liabilities 2014: $42,968,260Net Assets 2014: $13,965,0962014Assets 2015: $60,181,740Liabilities 2015: $45,588,142Net Assets 2015: $14,593,5982015Assets 2016: $63,636,487Liabilities 2016: $45,006,874Net Assets 2016: $18,629,6132016Assets 2017: $68,142,745Liabilities 2017: $46,453,902Net Assets 2017: $21,688,8432017Assets 2018: $73,711,237Liabilities 2018: $44,471,611Net Assets 2018: $29,239,6262018Assets 2019: $81,185,089Liabilities 2019: $44,970,939Net Assets 2019: $36,214,1502019Assets 2020: $85,887,048Liabilities 2020: $47,689,112Net Assets 2020: $38,197,9362020Assets 2021: $99,531,938Liabilities 2021: $58,780,991Net Assets 2021: $40,750,9472021Assets 2022: $98,253,002Liabilities 2022: $55,677,795Net Assets 2022: $42,575,2072022Assets 2024: $103,630,105Liabilities 2024: $58,288,872Net Assets 2024: $45,341,2332024

Highlighted filing

2019

Assets$81,185,089
Liabilities$44,970,939
Net Assets$36,214,150

Operations Trend

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

$60M$40M$20M$0-$20MExpenses 2013: $27,565,5432013Revenue 2014: $28,518,710Expenses 2014: $28,997,399Net Income 2014: -$478,6892014Revenue 2015: $30,202,487Expenses 2015: $29,861,909Net Income 2015: $340,5782015Revenue 2016: $34,953,418Expenses 2016: $30,917,403Net Income 2016: $4,036,0152016Revenue 2017: $35,761,330Expenses 2017: $32,705,094Net Income 2017: $3,056,2362017Revenue 2018: $42,084,540Expenses 2018: $34,533,757Net Income 2018: $7,550,7832018Revenue 2019: $43,972,480Expenses 2019: $36,269,304Net Income 2019: $7,703,1762019Revenue 2020: $38,216,604Expenses 2020: $35,319,824Net Income 2020: $2,896,7802020Revenue 2021: $38,441,453Expenses 2021: $36,371,492Net Income 2021: $2,069,9612021Revenue 2022: $42,460,086Expenses 2022: $41,639,064Net Income 2022: $821,0222022Revenue 2024: $47,622,294Expenses 2024: $46,059,012Net Income 2024: $1,563,2822024

Highlighted filing

2019

Revenue$43,972,480
Expenses$36,269,304
Net Income$7,703,176
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Jan 24, 2020
Return Version
2018v3.1
Gross Receipts
$45,172,458
Mission and Program Overview

Mission

Inspired by our values of wisdom, honor, and service, parish episcopal school's inclusive episcopal community guides young people to become creative learners and bold leaders prepared to impact our complex global society.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$32,963,179$31,605,552▼ $1,357,627
Cash and Non-Interest-Bearing Accounts$26,184,327$30,334,653▲ $4,150,326
Pledges and Grants Receivable$9,831,884$14,505,983▲ $4,674,099
Accounts Receivable$1,780,004$2,286,002▲ $505,998
Prepaid Expenses and Deferred Charges$2,374,020$1,990,648▼ $383,372
Inventories for Sale or Use$365,216$302,521▼ $62,695
Investments in Publicly Traded Securities$52,877--
Total Assets$73,711,237$81,185,089▲ $7,473,852
Other Assets Total$159,730$159,730→ $0
Liabilities
Deferred Revenue$19,028,088$20,241,582▲ $1,213,494
Tax Exempt Bond Liabilities$20,940,656$20,209,196▼ $731,460
Accounts Payable and Accrued Expenses$2,752,096$2,021,509▼ $730,587
Unsecured Notes Loans Payable$1,500,000$1,250,000▼ $250,000
Other Liabilities$250,771$1,248,652▲ $997,881
Total Liabilities$44,471,611$44,970,939▲ $499,328
Net Assets / Fund Balance
Temporarily Rstr Net Assets$14,051,502$22,781,082▲ $8,729,580
Unrestricted Net Assets$15,188,124$13,433,068▼ $1,755,056
Total Net Assets Fund Balance$29,239,626$36,214,150▲ $6,974,524
Total Liabilities and Net Assets / Fund Balance$73,711,237$81,185,089▲ $7,473,852

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$22,326,119$28,287,913$50,614,032
Equipment$5,819,575$9,649,013$15,468,588
Land$2,607,000-$2,607,000
Other Land Buildings$852,858-$852,858

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2019$21,446,703$551,815▲ $921,828-$22,332,133
2018$20,689,618$-32,870▲ $1,315,294-$21,446,703
2017$19,933,442$120,893▲ $1,084,195-$20,689,618
2016$23,756,240$-3,283,322▼ $151,074-$19,933,443
2015$23,522,188$202,655▲ $443,511$84,346$23,756,240
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Dave MonacoAllen Meyer Family Head of SchoolFT$454,088$189,581$643,669
J Mark KirkpatrickChief Financial OfficerFT$193,139$21,727$214,866
Michelle LyonAssistant Head of SchoolFT$165,228$16,808$182,036
Megan WittmannAssistant Head of Middle SchoolFT$123,179$11,255$134,434
Amy AriagnoDirector of FinanceFT$111,141$22,760$133,901
Brett MccabeAthletic Director & Head Baseball CoachFT$108,656$20,994$129,650
Jennifer WilsonHead of Lower SchoolFT$115,172$13,272$128,444
Marci McleanChief Advancement OfficerFT$104,443$20,481$124,924
Michele GoughTrustee-$15,000-$15,000

Board Members and Trustees

NameTitle
Tim EllerBoard of Trustees Chair
Andrea MayfieldBoard of Trustees Vice Chair
Trey VelvinBoard of Trustees Secretary
Steve McdonaldBoard of Trustees Treasurer
Alex SharmaTrustee
Alyson JacksonTrustee
Ameeth SankaranTrustee
Beth GerweTrustee
Bill GriffinTrustee
Bob MarshallTrustee
Brad PhillipsTrustee
Carol CarringtonTrustee
Hollye FiskTrustee
Jason DeveningTrustee
Jay MadridTrustee
Joyce RoggeTrustee
Kelsey McdonnoughTrustee
Kimberly RichTrustee
Laura BaggettTrustee
Laurel BrewsterTrustee
Mike PeguesTrustee
Nash LowranceTrustee
Randy PolkaTrustee
Ron DenheyerTrustee
Warren WhiteTrustee
Rev Casey ShobeRector the Church of Transfiguration
Nancy JagminSenior Warden the Church of Transfiguration

Highest Paid Contractors

ContractorServicesLocationCompensation
Sage Dining Services INCFood Service1402 YORK ROAD SUITE 100, Lutherville, MD 21093$902,516
Church Of The TransfigurationBuilding Services14115 HILLCREST ROAD, Dallas, TX 75254$475,055
Reliant EnergyElectric Service ProviderPO BOX 120954, Dallas, TX 75312-0954$406,933
Mccarthy Building CompaniesConstruction Contractor12001 N CENTRAL EXPRESSWAY SUITE 4, Dallas, TX 75243$386,832
Corporate Building ServicesCleaning Service11325 TANTOR ROAD, Dallas, TX 75229$307,817
Revenue and Support

Revenue Composition

Contributions and Grants
$11,261,189
Program Service Revenue
$32,135,495
Investment Income
$100,700
Other Revenue
$475,096
All Other Contributions
$10,378,847
Change in Net Assets
$7,703,176

Noncash Contribution Practices

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

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded9$34,421Fair Market Value (FMV)
Collectibles18$20,950Sales Price
Clothing and Household Goods-$6,656Sales Price
Other Non Cash Contri Table9$1,163Sales Price
Other Non Cash Contri Table1$650Sales Price
Total Noncash Contributions37$63,840-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$21,218,534
Other Expenses$12,155,438
Grants and Similar Amounts Paid$2,895,332
Total Fundraising Expense$1,118,902
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$13,787,476$1,089,481$749,331$15,626,288
Depreciation Depletion$3,123,561$64,073$16,018$3,203,652
Grants to Domestic Individuals$2,895,332--$2,895,332
Occupancy$2,300,946$57,405$11,199$2,369,550
Other Employee Benefits$1,630,175$200,782$60,011$1,890,968
Current Officers, Directors, Trustees, and Key Employees$557,310$912,369-$1,469,679
Payroll Taxes$1,005,643$140,331$56,883$1,202,857
Pension Plan Contributions$672,331$232,190$124,221$1,028,742
Fees for Services Other$910,666$45,633-$956,299
Interest$792,073$16,248$4,062$812,383
Office Expenses-$331,838-$331,838
Insurance$299,923$12,072$3,018$315,013
Information Technology-$263,480-$263,480
Other Expenses$371,047$147,836$91,583$239,419
Conferences and Meetings$134,020--$134,020
Advertising$17,853$62,214-$80,067
Fees for Services Accounting-$78,596-$78,596
Fees for Services Legal-$6,045-$6,045
Fees for Service Investment Mgmnt Fees-$126-$126
Total Functional Expenses$31,146,103$4,004,299$1,118,902$36,269,304
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
Yes
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$533,782
Fundraising Direct Expenses$514,036
Gaming Gross Income$47,213
Gaming Direct Expenses$29,599
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Annual Gala$586,289$432,149$193,583$238,566
Golf/tennis Tournament$99,709$31,709$2,718$28,991
Total Events$703,501$481,161$353,151$128,010
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
Michelle GoughDirectorInformation Technology ConsultantNo$15,000
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Swap Valuation Adjustment$728,652
Unearned Income$520,000

Bond Issues

BondIssuerIssuedIssue PricePurpose
ARed River Education Finance Corporation2010-12-30$27,325,000Provide education facilities for use at the farmers branch, tx campus

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A----

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 family members
Yes
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
Yes
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

The draft of the form 990 is reviewed and approved by the risk management committee prior to filing. The form 990 is also made avaliable to the entire board prior to filing.

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

The conflict of interest policy was originally approved by the board in 1998 and was most recently amended in 2007. The policy is distributed at the beginning of each year to all board members and is included in the board of trustees manual. The policy requires the board member to attest they have not held any office or directorship or have a personal financial interest, directly or indirectly, in any corporation, partnership or entity which transacts business with parish episcopal school (the school), they do not individually transact any business, directly or indirectly, with the school and are not related to any individual in the employ of the school or doing business with the school. At each committee and board meeting, members are expected to comply with the policy. Any board members with a potential conflict of interest are expected to recuse themselves from any relevant issue and the recusal is reflected in the minutes of that meeting.

Form 990, Part VI, Section B, Line 15

The head of school's compensation is outlined in his 3 year contract. Each year the executive committee reviews the head of school's performance and goals and an annual merit adjustment is made to his compensation. The chief financial officer's compensation is based upon experience upon hire and receives the merit increase for staff as established annually by the board of trustees.

Form 990, Part VI, Section C, Line 19

The organization's governing documents, conflict of interest policy, and financial statements are available to the school community (employees, volunteer leadership, trustees) but not to the general public outside the school community.

Filing and Contact Details

Filer

Filer Name
Parish Episcopal School
EIN
75-1390485
Phone
9722398011
Address
4101 SIGMA ROAD, DALLAS, TX 75244

Signing Officer

Name
Mark Kirkpatrick
Title
CFO
Phone
9722398011
Signed
2020-01-24
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Mark Kirkpatrick
Formed
1972
Legal Domicile
TX
Voting Board Members
29
Independent Board Members
27
Employees
420
Volunteers
563

Preparer

Firm
Whitley Penn Llp
Address
8343 DOUGLAS AVENUE SUITE 400, DALLAS, TX 75225
Preparer
Curtis Maxfield
Phone
2143939300
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

The financial reporting oversight process has not changed from the prior year.

Financial Statement Notes

PART V, LINE 4:

The endowment funds are used for the benefit of parish episcopal school.

PART X, LINE 2:

The school is exempt from federal income taxes under section 501(c)(3) of the internal revenue code (the "code") and therefore no provision has been made for federal income taxes in the financial statements. In addition, the school has been classified as an entity that is not a private foundation within the meaning of section 509(a) of the code. The school had unrelated business income of $576 and $1,631 for fiscal 2019 and 2018. The school is also exempt from state income taxes. Management has evaluated the school's federal and state tax positions and believes there are no significant uncertain tax positions and believes that it has not taken a tax position that, if challenged, would have a material effect on the financial statements. The school is required to file an annual information return with the internal revenue service ("irs"). The school files form 990 in the united states federal jurisdiction within the united states and no tax returns are currently under examination by any tax authorities.

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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/ActivityOrMissionDesc0INSPIRED BY OUR VALUES OF WISDOM, HONOR, AND SERVICE, PARISH EPISCOPAL SCHOOL'S INCLUSIVE EPISCOPAL COMMUNITY GUIDES YOUNG PEOPLE TO BECOME CREATIVE LEARNERS AND BOLD LEADERS PREPARED TO IMPACT OUR COMPLEX GLOBAL SOCIETY.
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IRS990/Desc0DURING THE FISCAL YEAR ENDED JUNE 30, 2019, PARISH EPISCOPAL SCHOOL PROVIDED QUALITY EDUCATIONAL SERVICES TO APPROXIMATELY 1,150 STUDENTS IN GRADES PRESCHOOL THROUGH TWELFTH GRADE.
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IRS990/Form990PartVIISectionAGrp/TitleTxt0BOARD OF TRUSTEES CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt1BOARD OF TRUSTEES VICE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt2BOARD OF TRUSTEES TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt3BOARD OF TRUSTEES SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt4SENIOR WARDEN THE CHURCH OF TRANSFIGURATION
IRS990/Form990PartVIISectionAGrp/TitleTxt5RECTOR THE CHURCH OF TRANSFIGURATION
IRS990/Form990PartVIISectionAGrp/TitleTxt6TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt7TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt8TRUSTEE
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IRS990/Form990PartVIISectionAGrp/TitleTxt25TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt26TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt27TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt28ALLEN MEYER FAMILY HEAD OF SCHOOL
IRS990/Form990PartVIISectionAGrp/TitleTxt29CHIEF FINANCIAL OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt30ASSISTANT HEAD OF SCHOOL
IRS990/Form990PartVIISectionAGrp/TitleTxt31HEAD OF LOWER SCHOOL
IRS990/Form990PartVIISectionAGrp/TitleTxt32ASSISTANT HEAD OF MIDDLE SCHOOL
IRS990/Form990PartVIISectionAGrp/TitleTxt33CHIEF ADVANCEMENT OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt34DIRECTOR OF FINANCE
IRS990/Form990PartVIISectionAGrp/TitleTxt35ATHLETIC DIRECTOR & HEAD BASEBALL COACH
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