St Georges School
- Assets
- $313.4m
- Revenue
- $43.6m
- Investments
- $15.8m
- Employees
- 248
- Location
- Newport, RI
- Founding
- 03/1947
- Data as of
- 06/2021
- EIN
- 05-0259009
Organization Overview
St Georges School is located in Newport, RI. The organization was established in 1947. According to its NTEE Classification (B25) the organization is classified as: Secondary & High Schools, under the broad grouping of Education and related organizations. As of 06/2021, St Georges School employed 248 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. St Georges School is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2021, St Georges School generated $43.6m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.2% each year. All expenses for the organization totaled $35.7m during the year ending 06/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO GIVE STUDENTS IN THE GRADES OF 9 THROUGH 12 THE OPPORTUNITY OF DEVELOPING TO THE FULLEST EXTENT.
Describe the Organization's Program Activity:
ST. GEORGE'S SCHOOL PRIMARILY PROVIDES INSTRUCTION AND STUDENT EDUCATION SUPPORT TO STUDENTS IN GRADES 9-12.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alexandra H Callen Head Of School | OfficerTrustee | 50 | $421,170 |
Jedd Whitlock Director Of Advancement | Officer | 50 | $236,255 |
Elizabeth Mcgrath Director Of Finance | Officer | 50 | $191,856 |
George Staples Director Of Operations | Officer | 50 | $183,402 |
Mervan Osborne Associate Head Of School | Officer | 50 | $158,312 |
Elizabeth Bickford Associate Head Of School | Officer | 50 | $154,647 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Shawmut Design & Construction Construction Contractors | 6/29/21 | $10,438,293 |
Sage Dining Services Dining Services | 6/29/21 | $1,224,374 |
Compass Facility Services Inc Cleaning Services | 6/29/21 | $776,397 |
Vision 3 Architects Architects | 6/29/21 | $258,556 |
John W Bristol & Co Inc Fund Management | 6/29/21 | $400,257 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $92,716 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $6,703,895 |
| Noncash contributions included in lines 1a–1f | $1,120,422 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,796,611 |
| Total Program Service Revenue | $23,775,248 |
| Investment income | $3,367,827 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $9,549,622 |
| Net Income from Fundraising Events | -$11,117 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $86,407 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $43,582,609 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $5,408,697 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,582,469 |
| Compensation of current officers, directors, key employees. | $727,059 |
| Compensation to disqualified persons | $20,697 |
| Other salaries and wages | $9,818,998 |
| Pension plan accruals and contributions | $798,048 |
| Other employee benefits | $1,987,822 |
| Payroll taxes | $768,849 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $174,824 |
| Fees for services: Accounting | $54,275 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $469,344 |
| Fees for services: Other | $3,162,040 |
| Advertising and promotion | $159,270 |
| Office expenses | $406,530 |
| Information technology | $888,191 |
| Royalties | $0 |
| Occupancy | $3,517,402 |
| Travel | $59,208 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $111,179 |
| Interest | $983,991 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,036,931 |
| Insurance | $636,100 |
| All other expenses | $0 |
| Total functional expenses | $35,732,687 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,483,279 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $3,158,668 |
| Accounts receivable, net | $377,403 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $97,611 |
| Inventories for sale or use | $154,464 |
| Prepaid expenses and deferred charges | $650,392 |
| Net Land, buildings, and equipment | $76,918,050 |
| Investments—publicly traded securities | $211,442,707 |
| Investments—other securities | $15,841,022 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $247,734 |
| Total assets | $313,371,330 |
| Accounts payable and accrued expenses | $4,180,864 |
| Grants payable | $0 |
| Deferred revenue | $4,494,453 |
| Tax-exempt bond liabilities | $36,356,242 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $142,120 |
| Total liabilities | $45,173,679 |
| Net assets without donor restrictions | $72,655,265 |
| Net assets with donor restrictions | $195,542,386 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $313,371,330 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that St Georges School has recieved totaling $84,896.
| Awarding Organization | Amount |
|---|---|
South Texas Charitable Foundation Victoria, TX PURPOSE: CHARITABLE/EDUCATIONAL | $75,000 |
Frank G & Florence V Bohle Scholarship Foundation Saint Louis, MO PURPOSE: EDUCATIONAL | $8,000 |
Gaynor Family Foundation Cincinnati, OH PURPOSE: GENERAL | $1,896 |
Endowment Analysis
| Beg. Balance | $175,342,805 |
| Earnings | $44,056,556 |
| Admin Expense | $448,200 |
| Net Contributions | $630,909 |
| Other Expense | $4,022,686 |
| Grants | $2,021,764 |
| Ending Balance | $213,537,620 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Choate Rosemary Hall Foundation Incorporated Wallingford, CT | $824,930,363 | $80,573,016 |
Hotchkiss School Lakeville, CT | $832,226,197 | $135,336,667 |
Trustees Of Deerfield Academy Deerfield, MA | $1,009,854,595 | $87,019,997 |
Taft School Corporation Watertown, CT | $447,949,060 | $83,525,324 |
Northfield Mount Hermon School Mount Hermon, MA | $279,135,089 | $64,524,302 |
Loomis Institute Windsor, CT | $445,458,169 | $66,028,387 |
Noble And Greenough School Dedham, MA | $357,051,555 | $55,304,957 |
Groton School Groton, MA | $519,152,774 | $50,710,312 |
Kent School Corporation Kent, CT | $229,105,384 | $52,388,614 |
Hopkins School Incorporated New Haven, CT | $238,380,739 | $44,795,541 |
Middlesex School Concord, MA | $485,283,896 | $51,739,388 |
Trustees Of Thayer Academy Braintree, MA | $161,523,903 | $74,068,471 |