Stonebridge School
- Assets
- $7.3m
- Revenue
- $6.0m
- Investments
- $0.0
- Employees
- 134
- Location
- Chesapeake, VA
- Founding
- 12/1986
- Data as of
- 06/2023
- EIN
- 54-1358212
Organization Overview
Stonebridge School is located in Chesapeake, VA. The organization was established in 1986. 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, Stonebridge School employed 134 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Stonebridge 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 06/2023, Stonebridge School generated $6.0m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 8.4% each year. All expenses for the organization totaled $4.7m during the year ending 06/2023. While expenses have increased by 4.4% per year over the past 8 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
STONEBRIDGE SERVES CHRISTIAN FAMILIES, ENABLING EACH CHILD TO REACH THE FULLEST EXPRESSION OF THEIR VALUE IN CHRIST THROUGH A BIBLICAL PRINCIPLE APPROACH EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE QUALITY CHRISTIAN EDUCATION FROM PRE-K TO HIGH SCHOOL
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carole Adams Founder | OfficerTrustee | $0 | |
Greg Atkins Treasurer | OfficerTrustee | $0 | |
Mike Dillender Director | Trustee | $0 | |
Kim Frost Director | Trustee | $0 | |
Joy Greer Director | Trustee | $0 | |
Glenn Nunziata Vice Chairma | Trustee | $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 | $1,350,409 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,350,409 |
| Total Program Service Revenue | $4,458,236 |
| Investment income | $12,042 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $43,869 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $92,068 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,956,624 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $389,460 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,739,453 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $126,915 |
| Payroll taxes | $210,131 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $29,140 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $822 |
| Fees for services: Other | $0 |
| Advertising and promotion | $13,176 |
| Office expenses | $173,228 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $14,370 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $36,728 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $141,460 |
| Insurance | $47,254 |
| All other expenses | $255,632 |
| Total functional expenses | $4,724,069 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,712,054 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $345,176 |
| Accounts receivable, net | $65,288 |
| 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 | $7,685 |
| Net Land, buildings, and equipment | $3,621,720 |
| Investments—publicly traded securities | $250,519 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $312,300 |
| Total assets | $7,314,742 |
| Accounts payable and accrued expenses | $100,154 |
| Grants payable | $0 |
| Deferred revenue | $74,919 |
| 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 | $621,589 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $207,943 |
| Total liabilities | $1,004,605 |
| Net assets without donor restrictions | $4,113,853 |
| Net assets with donor restrictions | $2,196,284 |
| 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 | $7,314,742 |