Christchurch School Foundation
- Assets
- $7.9m
- Revenue
- $3.8m
- Investments
- $2.0k
- Employees
- 0
- Location
- Christchurch, VA
- Founding
- 06/1979
- Data as of
- 06/2022
- EIN
- 51-0236362
Organization Overview
Christchurch School Foundation is located in Christchurch, VA. The organization was established in 1979. According to its NTEE Classification (B24) the organization is classified as: Primary & Elementary Schools, 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. Christchurch 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 06/2022, Christchurch School Foundation generated $3.8m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 13.1% each year . All expenses for the organization totaled $2.7m during the year ending 06/2022. While expenses have increased by 10.8% per year over the past 7 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO FOSTER AND PROMOTE THE WELFARE AND DEVELOPMENT OF CHRISTCHURCH SCHOOL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION MAKES GRANTS TO CHRISTCHURCH SCHOOL FOR SCHOLARSHIPS,FACULTY, ANNUAL GIVING AND OTHER RESTRICTED PURPOSES. CHRISTCHURCH SCHOOL CURRENTLY ENROLLS 227 STUDENTS, WITH MORE THAN $2.6 MILLION IN FINANCIAL ASSISTANCE AWARDED. IN ADDITION, THE GRANTS TO THE SCHOOL ARE UTILIZED FOR VARIOUS BUILDING PROJECTS AS WELL AS TEACHER'S BENEFITS AND FACULTY SUPPORT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jack Chip Broadway Vice President/treasurer | OfficerTrustee | 2 | $0 |
Dr David H Charlton President | OfficerTrustee | 5 | $0 |
John J Alachnowicz Trustee | Trustee | 1 | $0 |
John Boyd Davis III Trustee | Trustee | 1 | $0 |
Albert D Bugg III Trustee | Trustee | 1 | $0 |
Ray Eley Duke III Trustee | 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 | $3,576,861 |
| Noncash contributions included in lines 1a–1f | $1,290,468 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,576,861 |
| Total Program Service Revenue | $0 |
| Investment income | $107,489 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $152,848 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,837,198 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,657,200 |
| 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 | $22,640 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $33,695 |
| Fees for services: Other | $7,842 |
| Advertising and promotion | $0 |
| Office expenses | $550 |
| 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 | $5,198 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $10,841 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $2,737,966 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $757,165 |
| Pledges and grants receivable | $1,082,563 |
| Accounts receivable, net | $309,325 |
| 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 | $650,312 |
| Investments—publicly traded securities | $3,985,444 |
| Investments—other securities | $2,019 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,100,000 |
| Total assets | $7,886,828 |
| 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 | $171,498 |
| Other liabilities | $275,470 |
| Total liabilities | $446,968 |
| Net assets without donor restrictions | $281,902 |
| Net assets with donor restrictions | $7,157,958 |
| 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 | $7,886,828 |
Grants Recieved
Over the last fiscal year, we have identified 9 grants that Christchurch School Foundation has recieved totaling $503,441.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $310,000 |
Lettie Pate Whitehead Foundation Inc Atlanta, GA PURPOSE: For general scholarship support. | $140,000 |
Ayco Charitable Foundation Cohoes, NY PURPOSE: EDUCATION | $26,250 |
Alamance Community Foundation Burlington, NC PURPOSE: PROGRAM ASSISTANCE | $10,000 |
Morgan Stanley Global Impact Funding Trust Inc Indianapolis, IN PURPOSE: UNRESTRICTED GENERAL SUPPORT | $6,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $5,100 |
Endowment Analysis
| Beg. Balance | $5,423,207 |
| Earnings | -$528,615 |
| Net Contributions | $1,912,164 |
| Grants | $683,986 |
| Ending Balance | $6,122,770 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Heights Inc Potomac, MD | $28,496,015 | $21,762,530 |
The Foundation Schools Largo, MD | $16,377,358 | $19,826,112 |
Carolina Day School Inc Asheville, NC | $29,412,889 | $19,874,947 |
Annapolis Area Christian School Association Inc Severn, MD | $29,091,894 | $17,563,578 |
Norwood School Inc Bethesda, MD | $57,964,554 | $24,196,645 |
Republic Schools Nashville Nashville, TN | $31,048,580 | $24,002,902 |
Congressional School Inc Falls Church, VA | $21,870,095 | $18,184,082 |
Nansemond-Suffolk Academy Association Incorporated Suffolk, VA | $19,895,333 | $17,664,822 |
Summit School Inc Winstonsalem, NC | $46,496,346 | $18,682,492 |
Christian Academy Of Knoxville Inc Knoxville, TN | $16,374,308 | $19,411,697 |
Cornerstone Academy Inc Morristown, TN | $83,376,022 | $25,507,605 |
Lowell School Inc Washington, DC | $42,214,480 | $16,545,938 |