St Margarets School Foundation
- Assets
- $4.3m
- Revenue
- $2.4m
- Investments
- $4.0m
- Employees
- 0
- Location
- Tappahannock, VA
- Founding
- 04/1977
- Data as of
- 06/2021
- EIN
- 51-0206215
Organization Overview
St Margarets School Foundation is located in Tappahannock, VA. The organization was established in 1977. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. St Margarets School Foundation 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 Margarets School Foundation generated $2.4m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 10.2% each year . All expenses for the organization totaled $2.4m during the year ending 06/2021. While expenses have increased by 16.7% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, St Margarets School Foundation has awarded 39 individual grants totaling $19,457,758. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO FOSTER AND PROMOTE THE WELFARE AND DEVELOPMENT OF ST. MARGARET'S SCHOOL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION MAKES GRANTS TO ST. MARGARET'S SCHOOL TO ENABLE THE SCHOOL TO PROVIDE SCHOLARSHIPS TO NEEDY STUDENTS AND SUPPORT ITS FACULTY. ST. MARGARET'S SCHOOL CURRENTLY ENROLLS IN EXCESS OF 82 STUDENTS, WITH MORE THAN $2.3 MILLION IN FINANCIAL ASSISTANCE AWARDED TO THE SCHOOL. IN ADDITION, THE GRANTS TO THE SCHOOL ARE UTILIZED FOR VARIOUS BUILDING PROJECTS AS WELL AS TEACHERS' BENEFITS AND FACULTY SUPPORT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sarah Belle Eason Parrott Board Chair | OfficerTrustee | 1 | $0 |
Lucile Ware Mccarthy Secretary | OfficerTrustee | 1 | $0 |
Elizabeth Hanson Chief Financial Officer | Officer | 1 | $0 |
David H Charlton Director | Trustee | 1 | $0 |
Ann Courtland Peck Director | Trustee | 1 | $0 |
Patricia Gallagher Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,338,838 |
| Noncash contributions included in lines 1a–1f | $54,481 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,338,838 |
| Total Program Service Revenue | $0 |
| Investment income | $28,701 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,370,811 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,334,592 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $18,903 |
| Advertising and promotion | $0 |
| Office expenses | $325 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $2,353,820 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $57,002 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $296,331 |
| Accounts receivable, net | $1,184 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $3,960,287 |
| Investments—program-related | $26,940 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,341,744 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $3,864,288 |
| Net assets with donor restrictions | $477,456 |
| 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 | $4,341,744 |
Grants Awarded
Over the last fiscal year, St Margarets School Foundation has awarded $2,334,592 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
Richmond, VA PURPOSE: SCHOLARSHIPS | $1,035,061 |
Richmond, VA PURPOSE: ANNUAL GIVING FOR SCHOOL OPERATIONS | $958,601 |
Richmond, VA PURPOSE: LOAN FORGIVENESS | $180,000 |
Richmond, VA PURPOSE: CONSULTING | $150,618 |
Richmond, VA PURPOSE: PLANT FUND | $10,312 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that St Margarets School Foundation has recieved totaling $179,900.
| Awarding Organization | Amount |
|---|---|
Lettie Pate Whitehead Foundation Inc Atlanta, GA PURPOSE: For general scholarship support. | $162,900 |
Alamance Community Foundation Burlington, NC PURPOSE: PROGRAM ASSISTANCE | $15,000 |
Parker Foundation Chicago, IL PURPOSE: GENERAL PURPOSES | $2,000 |
Endowment Analysis
| Beg. Balance | $323,525 |
| Earnings | $3,368 |
| Ending Balance | $326,893 |