Wakefield School Inc
- Assets
- $20.5m
- Revenue
- $12.5m
- Investments
- $0.0
- Employees
- 130
- Location
- The Plains, VA
- Founding
- 08/1980
- Data as of
- 06/2023
- EIN
- 54-1096344
Organization Overview
Wakefield School Inc is located in The Plains, VA. The organization was established in 1980. 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, Wakefield School Inc employed 130 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wakefield 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, Wakefield School Inc generated $12.5m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 6.9% each year. All expenses for the organization totaled $12.6m during the year ending 06/2023. While expenses have increased by 6.7% per year over the past 4 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
THE SCHOOL PROVIDES A PRIVATE NONSECTARIAN SCHOOL OF INSTRUCTION FOR CHILDREN IN JUNIOR KINDERGARTEN THROUGH GRADE 12.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ESTABLISHED IN 1972, WAKEFIELD SCHOOL IS AN INDEPENDENT, COLLEGE-PREPARATORY DAY SCHOOL FOR STUDENTS IN JUNIOR KINDERGARTEN THROUGH GRADE 12 ENGAGING IN A RIGOROUS AND INSPIRING LIBERAL ARTS CURRICULUM. FOR THE 2022-2023 SCHOOL YEAR, 400 STUDENTS WERE ENROLLED. OUR STUDENT TO TEACHER RATIO IS 8:1. OUR SCHOOL OFFERS A WIDE RANGE OF ARTISITC ENDEAVORS FROM ACTING TO PHOTOGRAPHY TO MUSIC THEORY. WE OFFER A VARIETY OF VARSITY SPORTS IN THE UPPER SCHOOL AND NON VARSITY SPORTS IN THE MIDDLE SCHOOL. OUR SCHOOL OFFERS NUMEROUS ADVANCED PLACEMENT AND/OR DUAL ENROLLMENT COURSES AND ON AVERAGE OUR STUDENTS TAKE BETWEEN THREE AND FIVE AP CLASSES WHILE ATTENDING THE SCHOOL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ashley Harper Head Of School | OfficerTrustee | 50 | $273,392 |
Eileen Quenell Chair Of Board | OfficerTrustee | 5 | $0 |
George Mclamb Vice Chair And Treasurer | OfficerTrustee | 1 | $0 |
Susan Whitson Secretary | OfficerTrustee | 1 | $0 |
David Bassam Trustee | Trustee | 1 | $0 |
Jay Bryant Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Cubas Cleaning Services Cleaning Services | 6/29/23 | $187,499 |
Howard Shockey & Sons Inc Construction Services | 6/29/23 | $162,473 |
Virasec It Support Services | 6/29/23 | $128,271 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $230,145 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $600,746 |
| Noncash contributions included in lines 1a–1f | $55,030 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $830,891 |
| Total Program Service Revenue | $11,746,184 |
| Investment income | $39,680 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$16,447 |
| Net Income from Fundraising Events | -$83,546 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $12,516,762 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $2,252,593 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $317,767 |
| Compensation of current officers, directors, key employees. | $190,660 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,126,917 |
| Pension plan accruals and contributions | $136,045 |
| Other employee benefits | $827,322 |
| Payroll taxes | $390,398 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $8,838 |
| Fees for services: Accounting | $31,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,452 |
| Fees for services: Other | $22,370 |
| Advertising and promotion | $110,773 |
| Office expenses | $216,326 |
| Information technology | $192,547 |
| Royalties | $0 |
| Occupancy | $601,328 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $355,785 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,027,570 |
| Insurance | $70,120 |
| All other expenses | $0 |
| Total functional expenses | $12,570,650 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $568,725 |
| Savings and temporary cash investments | $621,606 |
| Pledges and grants receivable | $262,663 |
| Accounts receivable, net | $60,782 |
| 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 | $118,654 |
| Net Land, buildings, and equipment | $17,917,890 |
| Investments—publicly traded securities | $904,277 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $52,716 |
| Total assets | $20,507,313 |
| Accounts payable and accrued expenses | $380,465 |
| Grants payable | $0 |
| Deferred revenue | $711,059 |
| Tax-exempt bond liabilities | $8,597,057 |
| 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 | $0 |
| Total liabilities | $9,688,581 |
| Net assets without donor restrictions | $10,340,344 |
| Net assets with donor restrictions | $478,388 |
| 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 | $20,507,313 |