St Richards Episcopal School Inc
- Assets
- $7.9m
- Revenue
- $8.2m
- Investments
- $0.0
- Employees
- 130
- Location
- Indianapolis, IN
- Founding
- 06/1975
- Data as of
- 06/2021
- EIN
- 35-6007169
Organization Overview
St Richards Episcopal School Inc is located in Indianapolis, IN. The organization was established in 1975. According to its NTEE Classification (B80) the organization is classified as: Student Services, under the broad grouping of Education and related organizations. As of 06/2021, St Richards Episcopal School Inc employed 130 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. St Richards Episcopal School Inc 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 Richards Episcopal School Inc generated $8.2m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (1.8%) each year. All expenses for the organization totaled $7.1m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (0.7%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
WE FOSTER KNOWLEDGE AND VALUES FOR A LIFETIME THROUGH THE IMPLEMENTATION OF OUR FIVE PILLARS FOR SUCCESS: FAITH, CLASSIC CURRICULUM, LEADERSHIP, CIVIC RESPONSIBILITY, AND GLOBAL READINESS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WE STRIVE TO EDUCATE CHILDREN IN GRADES PRE-K THROUGH 8 WITH A CURRICULUM THAT IMPLEMENTS THE SCHOOL'S FIVE PILLARS FOR SUCCESS. WE VALUE THE INCLUSION OF ETHNIC, RACIAL, AND SOCIOECONOMIC DIVERSITY AMONG OUR STUDENTS. APPROXIMATELY 310 STUDENTS ATTEND THE SCHOOL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Amstutz Head Of School (through June 2021) | Officer | 38 | $118,633 |
Erick Ponader Past President | OfficerTrustee | 4 | $0 |
Mark Gramelspacher Treasurer | OfficerTrustee | 4 | $0 |
Ron Bockstahler Secretary | OfficerTrustee | 4 | $0 |
Rosalia Morquecho President | OfficerTrustee | 4 | $0 |
Kimberly Bacon Gray Board Trustee | Trustee | 4 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Aladdin Food Management Services Llc Hot Lunch Program | 6/29/15 | $299,225 |
Casey-bertram Construction Inc Demolition Services | 6/29/15 | $267,815 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $31,000 |
| Related organizations | $317,500 |
| Government grants | $1,001,849 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,243,989 |
| Noncash contributions included in lines 1a–1f | $97,926 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,594,338 |
| Total Program Service Revenue | $5,578,962 |
| Investment income | $347 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $38,250 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,220,248 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $792,624 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $205,000 |
| Compensation of current officers, directors, key employees. | $123,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,190,901 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $623,705 |
| Payroll taxes | $243,564 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,681 |
| Fees for services: Accounting | $30,012 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $30,286 |
| Advertising and promotion | $43,489 |
| Office expenses | $0 |
| Information technology | $51,490 |
| Royalties | $0 |
| Occupancy | $661,406 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $27,319 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $432,583 |
| Insurance | $47,805 |
| All other expenses | $58,104 |
| Total functional expenses | $7,108,260 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,214,341 |
| Pledges and grants receivable | $251,446 |
| Accounts receivable, net | $79,033 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $11,921 |
| Net Land, buildings, and equipment | $6,346,499 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $7,903,240 |
| Accounts payable and accrued expenses | $314,761 |
| Grants payable | $0 |
| Deferred revenue | $258,695 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $840,885 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $465,469 |
| Total liabilities | $1,879,810 |
| Net assets without donor restrictions | $5,664,004 |
| Net assets with donor restrictions | $359,426 |
| 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 | $7,903,240 |
Grants Recieved
Over the last fiscal year, we have identified 8 grants that St Richards Episcopal School Inc has recieved totaling $50,412.
| Awarding Organization | Amount |
|---|---|
Indianapolis Foundation Inc Indianapolis, IN PURPOSE: To Be Used at the Organization's Discretion | $20,500 |
Strada Education Network Inc Indianapolis, IN PURPOSE: OPERATING GRANT AND OPERATING SUPPORT | $10,450 |
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $6,620 |
Community Covenant Foundation Inc Indianapolis, IN PURPOSE: GENERAL SUPPORT | $5,000 |
Nina Mason Pulliam Charitable Tr Indianapolis, IN PURPOSE: SUPPORT FOR A DAILY SUMMER PROGRAM THAT PROVIDES ACADEMIC ENRICHMENT, ARTS AND RECREATIONAL PROGRAMS FOR YOUTH AGES 4 TO 14. | $5,000 |
Lumina Foundation For Education Inc Indianapolis, IN PURPOSE: TO SUPPORT THE 2021 HORIZONS TRIVIA NIGHT, JANUARY 22, 2021 | $2,500 |
Endowment Analysis
| Beg. Balance | $6,849,211 |
| Earnings | $2,063,963 |
| Admin Expense | $44,535 |
| Net Contributions | $133,259 |
| Grants | $317,500 |
| Ending Balance | $8,684,396 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Roadtrip Nation Ltd Indianapolis, IN | $0 | $5,778,608 |
Ulh Inc Louisville, KY | $43,242,391 | $8,714,119 |
University Club Of Milwaukee Milwaukee, WI | $10,081,224 | $7,416,108 |
St Richards Episcopal School Inc Indianapolis, IN | $7,903,240 | $8,220,248 |
Green River Regional Education Cooperative Inc Bowling Green, KY | $8,161,400 | $7,463,495 |
Chicago Scholars Foundation Chicago, IL | $9,876,556 | $6,079,355 |
Ross-Ade Foundation West Lafayette, IN | $185,779,035 | $4,230,686 |
Little Buns Inc Carmel, IN | $470,846 | $4,308,621 |
Complete College America Inc Indianapolis, IN | $10,589,853 | $9,838,948 |
American Student Dental Association Chicago, IL | $5,865,827 | $3,123,417 |
Taylor University Broadcasting Inc Fort Wayne, IN | $4,217,815 | $3,016,713 |
Associated Colleges Of The Midwest Inc Chicago, IL | $16,036,268 | $3,292,701 |