Westminster School Inc
- Assets
- $7.3m
- Revenue
- $7.4m
- Investments
- $0.0
- Employees
- 84
- Location
- Annandale, VA
- Founding
- 01/1967
- Data as of
- 06/2023
- EIN
- 54-0795756
Organization Overview
Westminster School Inc is located in Annandale, VA. The organization was established in 1967. 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 06/2023, Westminster School Inc employed 84 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Westminster School Inc 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 06/2023, Westminster School Inc generated $7.4m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 3.3% each year. All expenses for the organization totaled $7.3m during the year ending 06/2023. While expenses have increased by 3.6% per year over the past 5 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE THE OPPORTUNITY FOR A SUPERIOR ELEMENTARY AND MIDDLE SCHOOL EDUCATION BASED ON EXCEPTIONALLY HIGH CURRICULA AND STANDARDS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PRIVATE EDUCATION PROGRAM FOR GRADES PRESCHOOL THROUGH MIDDLE SCHOOL (8TH GRADE). THE SCHOOL HAS 223 STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Susan Glazier Assistant Head Of School | 50 | $130,465 | |
Nancy Schuler Head Of School | Officer | 60 | $181,000 |
Dolores Nelson Business Manager/secretary | Officer | 40 | $97,103 |
Mojan Nourbakhsh Trustee | Trustee | 0.5 | $0 |
Nina Breen Trustee | Trustee | 1 | $0 |
Michael Townsend Trustee | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $56,729 |
| Related organizations | $0 |
| Government grants | $209,255 |
| All other contributions, gifts, grants, and similar amounts not included above | $291,096 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $557,080 |
| Total Program Service Revenue | $6,852,309 |
| Investment income | $9,444 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $12,370 |
| Net Gain/Loss on Asset Sales | -$1,220 |
| Net Income from Fundraising Events | -$18,790 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,411,193 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,737,572 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $288,257 |
| Compensation of current officers, directors, key employees. | $94,175 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,276,535 |
| Pension plan accruals and contributions | $94,870 |
| Other employee benefits | $245,876 |
| Payroll taxes | $260,105 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $17,493 |
| 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 | $73,322 |
| Advertising and promotion | $137,286 |
| Office expenses | $272,234 |
| Information technology | $107,057 |
| Royalties | $0 |
| Occupancy | $286,777 |
| Travel | $112,499 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $19,638 |
| Interest | $2,604 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $229,727 |
| Insurance | $15,294 |
| All other expenses | $37,231 |
| Total functional expenses | $7,330,749 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $310,707 |
| Savings and temporary cash investments | $1,336,444 |
| Pledges and grants receivable | $209,255 |
| Accounts receivable, net | $80,984 |
| 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 | $90,255 |
| Net Land, buildings, and equipment | $5,191,464 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $58,237 |
| Total assets | $7,277,346 |
| Accounts payable and accrued expenses | $430,692 |
| Grants payable | $0 |
| Deferred revenue | $1,991,673 |
| 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 | $58,067 |
| Total liabilities | $2,480,432 |
| Net assets without donor restrictions | $4,323,996 |
| Net assets with donor restrictions | $472,918 |
| 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 | $7,277,346 |