Collegiate School
- Assets
- $158.2m
- Revenue
- $59.8m
- Investments
- $50.3m
- Employees
- 610
- Location
- Richmond, VA
- Founding
- 10/1972
- Data as of
- 06/2020
- EIN
- 54-0528203
Organization Overview
Collegiate School is located in Richmond, VA. The organization was established in 1972. According to its NTEE Classification (B20) the organization is classified as: Elementary & Secondary Schools, under the broad grouping of Education and related organizations. As of 06/2021, Collegiate School employed 610 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Collegiate 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 06/2020, Collegiate School generated $59.8m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.5% each year. All expenses for the organization totaled $52.1m during the year ending 06/2020. While expenses have increased by 0.8% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O TO CREATE A DIVERSE AND INCLUSIVE COMMUNITY OF LEARNERS COMMITTED TO A CHALLENGING AND SUPPORTIVE EDUCATIONAL EXPERIENCE THAT WILL FOSTER THE INTELLECTUAL, MORAL, EMOTIONAL, AND PHYSICAL DEVELOPMENT OF EACH STUDENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
INSTRUCTIONAL - COLLEGIATE SCHOOL PROVIDED JUNIOR KINDERGARTEN THROUGH TWELFTH GRADE EDUCATION TO 1,696 STUDENTS. THE FOLLOWING STATISTICS FOR THE GRADUATING CLASS OF 2021 HIGHLIGHT THE QUALITY OF THE ACADEMIC AND ATHLETIC PROGRAMS THAT COLLEGIATE OFFERS. THE CLASS CONTINUED THE SCHOOL'S TRADITION OF STRONG ACADEMIC ACCEPTANCE RATES, CONTRIBUTING TO THE 10-YEAR AVERAGE OF TWO OUT OF EVERY THREE APPLICATIONS RESULTING IN ACCEPTANCES. THESE INCLUDED A HOST OF "MOST SELECTIVE" COLLEGES AND UNIVERSITIES SUCH AS HARVARD, NOTRE DAME, DARTMOUTH, DUKE, UNIVERSITY OF PENNSYLVANIA AND GEORGETOWN. THE CLASS OF 2021 HAD 18 RECRUITED ATHLETES, 11 WENT ON TO COMPETE AT DIVISION I SCHOOLS, AND 7 WENT ON TO COMPETE AT DIVISION III SCHOOLS. COLLEGIATE SCHOOL ALSO VIRTUALLY HOSTED 42 STUDENTS FROM AROUND THE WORLD DURING ITS 10TH ANNUAL INTERNATIONAL EMERGING LEADERS CONFERENCE (VIRTUAL) IN OCTOBER 2020. THE CONFERENCE IS BELIEVED TO BE THE ONLY COLLABORATIVE GLOBAL YOUTH CONFERENCE OF ITS KIND AMONG PUBLIC AND PRIVATE SCHOOLS NATIONWIDE.
AUXILIARIES - THE SCHOOL OPERATES, FOR THE BENEFIT AND CONVENIENCE OF PARENTS, STUDENTS, AND ALUMNI, SEVERAL AUXILIARY SERVICES INCLUDING FOOD SERVICE (CAFETERIAS), A CAMPUS BOOKSTORE, AFTER-SCHOOL CARE, AND PRIVATE MUSIC INSTRUCTION, AMONG OTHERS.
PUBLIC SERVICE - THE SCHOOL OFFERS A SUMMER ECONOMICS INSTITUTE, SUMMER PROGRAMS, AND SEVERAL YOUTH SPORTS PROGRAMS TO THE GREATER RICHMOND COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Penny Evins President / Head Of School | OfficerTrustee | 40 | $662,065 |
Phyllis Palmiero Treasurer/cfo & COO | Officer | 40 | $267,203 |
Susan R Droke Chief Academic Officer | 40 | $166,431 | |
Patrick E Loach Head Of Upper School | 40 | $155,423 | |
Kristen O Williams Chief Development Officer | 40 | $154,973 | |
Karen S Doxey Athletic Director | 40 | $142,483 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Makena Capital Management Llc Investment Management | 6/29/21 | $372,262 |
Baker Roofing Company Roofing Services | 6/29/21 | $304,094 |
Air Conditioning Equipment Sales Inc Air Conditioning Services | 6/29/21 | $331,529 |
Rmc Events Inc Security Services | 6/29/21 | $232,126 |
Mcguirewoods Llp Legal Services | 6/29/21 | $238,024 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,087,805 |
| Investment income | $995,604 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $67,683 |
| Net Gain/Loss on Asset Sales | $9,616,597 |
| Net Income from Fundraising Events | -$68,990 |
| Net Income from Gaming Activities | $19,450 |
| Net Income from Sales of Inventory | $193,441 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $59,848,503 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $4,026,972 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $726,889 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $22,941,203 |
| Pension plan accruals and contributions | $1,746,703 |
| Other employee benefits | $6,605,089 |
| Payroll taxes | $1,674,874 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $65,996 |
| Fees for services: Accounting | $59,610 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $11,225 |
| Fees for services: Investment Management | $268,842 |
| Fees for services: Other | $2,439,228 |
| Advertising and promotion | $0 |
| Office expenses | $1,766,648 |
| Information technology | $746,047 |
| Royalties | $2,710 |
| Occupancy | $679,239 |
| Travel | $232,049 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $135,738 |
| Interest | $1,197,381 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,587,609 |
| Insurance | $257,644 |
| All other expenses | $0 |
| Total functional expenses | $52,081,252 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,242,708 |
| Savings and temporary cash investments | $15,361,725 |
| Pledges and grants receivable | $8,184,361 |
| Accounts receivable, net | $304,207 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $86,241 |
| Prepaid expenses and deferred charges | $1,687,747 |
| Investments—publicly traded securities | $12,237,525 |
| Investments—other securities | $50,293,628 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,556,372 |
| Total assets | $158,195,585 |
| Accounts payable and accrued expenses | $5,222,552 |
| Grants payable | $0 |
| Deferred revenue | $7,311,949 |
| Tax-exempt bond liabilities | $29,398,052 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $25,150 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $3,226,850 |
| Total liabilities | $45,184,553 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $113,011,032 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Collegiate School has recieved totaling $750.
| Awarding Organization | Amount |
|---|---|
Micawber Foundation Inc Midlothian, VA PURPOSE: GENERAL SUPPORT | $750 |
Endowment Analysis
| Beg. Balance | $62,964,055 |
| Earnings | $20,765,827 |
| Net Contributions | $9,223,650 |
| Other Expense | $3,940,294 |
| Grants | $517,585 |
| Ending Balance | $88,495,653 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Imagine Schools Non-Profit Inc Vienna, VA | $161,309,849 | $62,482,447 |
Mcdonogh School Incorporated Owings Mills, MD | $267,537,945 | $83,365,139 |
The East Coast Migrant Head Start Project Raleigh, NC | $15,412,919 | $60,635,891 |
Georgetown Day School Inc Washington, DC | $314,406,579 | $96,635,135 |
Charlotte Country Day School Charlotte, NC | $226,176,676 | $57,558,870 |
Collegiate School Richmond, VA | $158,195,585 | $59,848,503 |
Mccallie School Inc Chattanooga, TN | $251,954,499 | $79,356,942 |
Potomac School Mclean, VA | $225,192,195 | $49,665,882 |
Providence Day School Charlotte, NC | $110,524,658 | $50,140,053 |
Flint Hill School Oakton, VA | $94,406,099 | $45,449,765 |
Charlotte Latin Schools Inc Charlotte, NC | $136,686,590 | $47,461,290 |
Bullis School Inc Potomac, MD | $98,208,716 | $48,486,298 |