Powhatan School
- Assets
- $12.7m
- Revenue
- $7.0m
- Investments
- $0.0
- Employees
- 80
- Location
- Boyce, VA
- Founding
- 12/1965
- Data as of
- 06/2022
- EIN
- 54-0758760
Organization Overview
Powhatan School is located in Boyce, VA. The organization was established in 1965. According to its NTEE Classification (B24) the organization is classified as: Primary & Elementary Schools, under the broad grouping of Education and related organizations. As of 06/2022, Powhatan School employed 80 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Powhatan 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, Powhatan School generated $7.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.6% each year. All expenses for the organization totaled $5.7m during the year ending 06/2022. While expenses have increased by 2.9% 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
POWHATAN IS AN INDEPENDENT AND NON-SECTARIAN, CO-EDUCATIONAL SCHOOL THAT PROVIDES A STRONG FOUNDATION IN THE TRADITIONAL ACADEMIC DISCIPLINES IN A SUPPORTIVE ENVIRONMENT IN GRADES PRE-K THROUGH EIGHT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
POWHATAN PROVIDES EDUCATIONAL EXPERIENCES THAT PROMOTE ACADEMIC SKILLS, PROBLEM SOLVING, AND ANALYTICAL THINKING. THE SCHOOL OFFERS OPPORTUNITIES IN EXTRA-CURRICULAR ACTIVITIES, INSTRUCTION IN MUSIC, ART, DRAMA, PUBLIC SPEAKING, ATHLETICS, AND COMPUTER TECHNOLOGY. POWHATAN STRIVES TO BUILD COOPERATION THROUGH TEAMWORK, TO ENCOURAGE TRUST AND RESPECT FOR SELF AND OTHERS, AND TO INSTILL A LIFE-LONG LOVE FOR LEARNING AND EXCELLENCE. POWHATAN BELIEVES THAT MULTI-CULTURAL DIVERSITY WITHIN THE SCHOOL CREATES THE RICHEST POSSIBLE CLIMATE FOR LEARNING. POWHATAN FEELS AN OBLIGATION TO SERVE AS MANY STUDENTS AND ABILITIES AS THE RESOURCES AND MISSION WILL PERMIT. POWHATAN SCHOOL PROVIDES EDUCATIONAL EXPERIENCES THAT ARE APPROPRIATE FOR THE LEARNING STYLE, AGE, AND DEVELOPMENT OF EACH CHILD. POWHATAN SERVES 250 CHILDREN IN GRADES PRE-K THROUGH EIGHT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Briar Head Of School | Officer | 40 | $119,669 |
William S Peebles IV Interim Head Of School | Officer | 40 | $108,400 |
Langdon Greenhalgh President | OfficerTrustee | 1 | $0 |
Jeff Cesnik Treasurer | OfficerTrustee | 1 | $0 |
Niki Kofsky Vice President | OfficerTrustee | 1 | $0 |
Joanna Schilling Secretary | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Aetna Health Insurance | 6/29/15 | $252,364 |
Howard Shockey & Sons Construction | 6/29/15 | $132,158 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,024,536 |
| All other contributions, gifts, grants, and similar amounts not included above | $266,106 |
| Noncash contributions included in lines 1a–1f | $700 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,290,642 |
| Total Program Service Revenue | $4,995,800 |
| Investment income | $100,160 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $519,000 |
| Net Income from Fundraising Events | $67,403 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,020,965 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $423,185 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $238,626 |
| Compensation of current officers, directors, key employees. | $71,588 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,730,571 |
| Pension plan accruals and contributions | $101,121 |
| Other employee benefits | $342,362 |
| Payroll taxes | $217,219 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $23,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $45,102 |
| Fees for services: Other | $285,115 |
| Advertising and promotion | $28,515 |
| Office expenses | $30,086 |
| Information technology | $67,348 |
| 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 | $1,385 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $349,434 |
| Insurance | $24,906 |
| All other expenses | $241,109 |
| Total functional expenses | $5,738,339 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,388,578 |
| Pledges and grants receivable | $2,500 |
| Accounts receivable, net | $17,610 |
| 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 | $104,284 |
| Net Land, buildings, and equipment | $4,858,982 |
| Investments—publicly traded securities | $5,314,239 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,034,701 |
| Total assets | $12,720,894 |
| Accounts payable and accrued expenses | $82,587 |
| Grants payable | $0 |
| Deferred revenue | $312,513 |
| 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 | $74,854 |
| Other liabilities | $0 |
| Total liabilities | $469,954 |
| Net assets without donor restrictions | $7,924,310 |
| Net assets with donor restrictions | $4,326,630 |
| 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 | $12,720,894 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Powhatan School has recieved totaling $15,555.
| Awarding Organization | Amount |
|---|---|
Washington Forrest Foundation Arlington, VA PURPOSE: ANNUAL FUND | $8,000 |
Clara Weiss Fund Weiss David C Et Al Ttee Seville, OH PURPOSE: TO SUPPORT NON-PROFIT OPERATIONS | $6,000 |
Andrew U Ferrari Foundation McLean, VA PURPOSE: TO SUPPORT SCHOOL'S MISSION | $1,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $555 |
Endowment Analysis
| Beg. Balance | $6,149,219 |
| Earnings | -$638,959 |
| Net Contributions | $14,769 |
| Other Expense | $210,790 |
| Ending Balance | $5,314,239 |
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 |