Foxcroft School
- Assets
- $142.2m
- Revenue
- $10.6m
- Investments
- $60.4m
- Employees
- 120
- Location
- Middleburg, VA
- Founding
- 04/1938
- Data as of
- 06/2022
- EIN
- 54-0505898
Organization Overview
Foxcroft School is located in Middleburg, VA. The organization was established in 1938. 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 06/2022, Foxcroft School employed 120 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Foxcroft 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 06/2022, Foxcroft School generated $10.6m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (10.8%) each year. All expenses for the organization totaled $17.4m during the year ending 06/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO EDUCATE AND PREPARE YOUNG WOMEN AS GLOBAL CITIZENS AND FUTURE LEADERS.
Describe the Organization's Program Activity:
WITH 100% OF OUR GRADUATES ACCEPTED TO A FOUR-YEAR COLLEGE OR UNIVERSITY, WE ARE AN INDEPENDENT SCHOOL FOR GIRLS IN GRADES 9-12. WE OFFER A RIGOROUS COLLEGE-PREPARATORY CURRICULUM OF 77 COURSES ACROSS 6 ACADEMIC DISCIPLINES, INCLUDING ADVANCED PLACEMENT COURSES AND AN INNOVATIVE STEM PROGRAM THAT EMPOWERS YOUNG WOMEN TO PURSUE FIELDS WHERE WOMEN ARE UNDERREPRESENTED. NEARLY 30% OF RECENT GRADUATES PURSUE STEM MAJORS/CAREERS. 56% OF THE STUDENT BODY RECEIVE NEED AND/OR MERIT BASED AID. ADDITIONALLY, 66% OF THE FACULTY HOLD A MASTER'S, DOCTORAL, OR LAW DEGREE AND 93% OF FACULTY AND ADMINISTRATORS LIVE ON CAMPUS TO SUPPORT OUR RESIDENTIAL BOARDING PROGRAM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Board Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Meriwether Godsey Inc Dining Services | 6/29/21 | $824,187 |
Ennis Electric Company Inc Electrical Services | 6/29/21 | $445,577 |
Seasonair Inc Hvac Services | 6/29/21 | $380,483 |
C & W Facility Services Inc Janitorial Services | 6/29/21 | $299,771 |
Gruver Cooley Corporation Renovation Services | 6/29/21 | $203,845 |
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 | $1,737,545 |
| Noncash contributions included in lines 1a–1f | $693,059 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,737,545 |
| Total Program Service Revenue | $10,103,535 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $14,231 |
| Net Gain/Loss on Asset Sales | -$1,400,513 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $103,428 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $10,560,576 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $2,638,326 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $561,409 |
| Compensation of current officers, directors, key employees. | $151,684 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,446,365 |
| Pension plan accruals and contributions | $419,555 |
| Other employee benefits | $835,057 |
| Payroll taxes | $487,646 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $34,773 |
| Fees for services: Accounting | $56,089 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $4,272 |
| Fees for services: Other | $2,054,069 |
| Advertising and promotion | $0 |
| Office expenses | $111,032 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $72,605 |
| 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 | $1,691,708 |
| Insurance | $150,040 |
| All other expenses | $0 |
| Total functional expenses | $17,354,337 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $17,151 |
| Savings and temporary cash investments | $2,282,377 |
| Pledges and grants receivable | $489,654 |
| Accounts receivable, net | $106,066 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $255,458 |
| Prepaid expenses and deferred charges | $528,993 |
| Net Land, buildings, and equipment | $42,164,706 |
| Investments—publicly traded securities | $35,995,110 |
| Investments—other securities | $60,386,938 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $142,226,453 |
| Accounts payable and accrued expenses | $689,141 |
| Grants payable | $0 |
| Deferred revenue | $2,151,026 |
| 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 | $4,156,994 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $6,997,161 |
| Net assets without donor restrictions | $83,215,390 |
| Net assets with donor restrictions | $52,013,902 |
| 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 | $142,226,453 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Foxcroft School has recieved totaling $35,000.
| Awarding Organization | Amount |
|---|---|
Graham Family Foundation Inc Middleburg, VA PURPOSE: SCHOLARSHIPS | $20,000 |
Mountain Laurel Foundation Wilmington, DE PURPOSE: GENERAL PURPOSES | $5,000 |
Graham Family Foundation Inc Middleburg, VA PURPOSE: HIGH NEED INCIDENTALS FUND | $5,000 |
James Deering Danielson Foundation Chicago, IL PURPOSE: EDUCATIONAL | $2,500 |
First Interstate Bancsystem Foundation Inc Billings, MT PURPOSE: GENERAL OPERATING SUPPORT | $1,500 |
By George Fund Wilmington, DE PURPOSE: M.C.L.DEBUTTS SCHOLARSHIP FUND | $1,000 |
Endowment Analysis
| Beg. Balance | $112,694,731 |
| Earnings | -$12,088,247 |
| Net Contributions | $118,519 |
| Other Expense | $4,888,460 |
| Ending Balance | $95,836,543 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Protestant Episcopal High School In Virginia Alexandria, VA | $560,084,637 | $67,951,795 |
The Baylor School Chattanooga, TN | $270,105,763 | $47,683,171 |
Gilman School Inc Baltimore, MD | $238,892,271 | $38,036,593 |
Woodberry Forest School Woodberry Forest, VA | $643,383,708 | $54,060,513 |
Holton-Arms School Inc Bethesda, MD | $133,918,121 | $38,119,997 |
University Of Nashville Montgomery Bell Academy Nashville, TN | $303,405,415 | $41,667,135 |
St Andrews Episcopal School Inc Potomac, MD | $83,174,031 | $30,817,454 |
Severn School Inc Severna Park, MD | $70,000,569 | $28,689,233 |
Cary Academy Cary, NC | $92,134,722 | $26,213,526 |
Battle Ground Academy Of Franklin Tennessee Franklin, TN | $62,773,782 | $25,765,415 |
National Association Of Secondary -School Principals Reston, VA | $56,104,392 | $28,736,000 |
Asheville School Incorporated Asheville, NC | $109,072,100 | $30,624,972 |