Carlisle School
- Assets
- $6.2m
- Revenue
- $5.1m
- Investments
- $0.0
- Employees
- 85
- Location
- Martinsville, VA
- Founding
- 01/1969
- Data as of
- 06/2022
- EIN
- 54-0841622
Organization Overview
Carlisle School is located in Martinsville, VA. The organization was established in 1969. 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, Carlisle School employed 85 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Carlisle 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, Carlisle School generated $5.1m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.8%) each year. All expenses for the organization totaled $4.5m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (4.6%) per year over the past 7 years. 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 PROVIDE PRIVATE EDUCATION FOR GRADE PRE-SCHOOL THROGH GRADE 12
Describe the Organization's Program Activity:
Part 3 - Line 4a
DAY AND RESIDENT SCHOOL FOR BOYS AND GIRLS
TRANSPORTATION FOR STUDENTS - FULL BUS SERVICE TO AND FROM SCHOOL FROM MARTINSVILLE AND THE SURROUNDING AREAS
NEED-BASED FINANCIAL AID PROGRAMS FOR STUDENTS (NON-DISCRIMINATORY) SCHOLARSHIP SERVICE PROVIDES SCHOLARSHIP BASED ON NEEDS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gracie Agnew Head Of School | 40 | $125,000 | |
Jennifer Thomas President | OfficerTrustee | 2 | $0 |
Greg Haymore Vice President | OfficerTrustee | 2 | $0 |
Melanie Bryant Treasurer | OfficerTrustee | 2 | $0 |
Anna Mcclain Secretary | OfficerTrustee | 2 | $0 |
Will Vaughn Past President | Trustee | 2 | $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 | $1,793,135 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,793,135 |
| Total Program Service Revenue | $2,952,323 |
| Investment income | $88,567 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $50,329 |
| Net Gain/Loss on Asset Sales | $51,543 |
| Net Income from Fundraising Events | $71,201 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $107,872 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,114,970 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $769,792 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $125,000 |
| Compensation of current officers, directors, key employees. | $31,250 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,321,222 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $7,664 |
| Fees for services: Accounting | $19,270 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $10,184 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $38,439 |
| Information technology | $40,456 |
| Royalties | $0 |
| Occupancy | $146,756 |
| Travel | $19,260 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $27,673 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $305,492 |
| Insurance | $57,396 |
| All other expenses | $217,958 |
| Total functional expenses | $4,457,047 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $150 |
| Savings and temporary cash investments | $1,848,441 |
| Pledges and grants receivable | $10,000 |
| Accounts receivable, net | $566,578 |
| 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 | $19,152 |
| Net Land, buildings, and equipment | $2,398,104 |
| Investments—publicly traded securities | $1,318,325 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $6,160,750 |
| Accounts payable and accrued expenses | $416,581 |
| Grants payable | $0 |
| Deferred revenue | $1,036,133 |
| 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 | $520,470 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,973,184 |
| Net assets without donor restrictions | $3,285,489 |
| Net assets with donor restrictions | $902,077 |
| 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 | $6,160,750 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Carlisle School has recieved totaling $500.
| Awarding Organization | Amount |
|---|---|
William M Cage Library Trust Fredericksburg, VA PURPOSE: LIBRARY GRANTS | $500 |
Endowment Analysis
| Beg. Balance | $1,486,600 |
| Earnings | -$183,436 |
| Net Contributions | $53,551 |
| Other Expense | $38,390 |
| Ending Balance | $1,318,325 |
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 |