Millwood School
- Assets
- $3.7m
- Revenue
- $4.0m
- Investments
- $0.0
- Employees
- 57
- Location
- Midlothian, VA
- Founding
- 02/1990
- Data as of
- 06/2022
- EIN
- 54-1478939
Organization Overview
Millwood School is located in Midlothian, VA. The organization was established in 1990. 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, Millwood School employed 57 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Millwood 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, Millwood School generated $4.0m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 5.7% each year. All expenses for the organization totaled $3.8m during the year ending 06/2022. While expenses have increased by 4.2% per year over the past 6 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
THE SCHOOL IS A COLLEGE PREPARATORY SCHOOL FOR STUDENTS IN JUNIOR KINDERGARTEN THROUGH 12TH GRADE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MILLWOOD IS AN INDEPENDENT, CO-EDUCATIONAL, COLLEGE PREPARATORY SCHOOL IN MIDLOTHIAN, VIRGINIA, OFFERING JUNIOR KINDERGARDEN THROUGH 12TH GRADE IN A WARM AND NURTURING ENVIRONMENT. WE ARE KNOWN FOR SMALL CLASSES AND INDIVIUDUAL ATTENTION, A CHALLENGING AND DIVERSE CURRICULUM, EXCEPTIONAL FACULTY, AND A VALUE STRUCTURE THAT PROMOTES HONESTY, INTEGRITY, AND RESPECT FOR OTHERS. THE SCHOOL ENROLLS APPROXIMATELY 240 STUDENTS IN GRADES JK THROUGH 12TH GRADE AND SITS ON A 79 ACRE BEAUTIFUL WOODED CAMPUS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Maria Collins President | OfficerTrustee | 2 | $0 |
Jim Trebour Vice Preside | OfficerTrustee | 2 | $0 |
Wayne Correia Treasurer | OfficerTrustee | 2 | $0 |
Tucker Dowdy Secretary | OfficerTrustee | 2 | $0 |
Chris Fauerbach Exec. Commit | OfficerTrustee | 2 | $0 |
Kamran Raika Trustee | Trustee | 1 | $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 | $194,181 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $194,181 |
| Total Program Service Revenue | $3,504,059 |
| Investment income | $2,941 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $246,050 |
| Net Income from Fundraising Events | $62,705 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,009,936 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $179,622 |
| Compensation of current officers, directors, key employees. | $17,962 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,042,288 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $353,956 |
| Payroll taxes | $158,760 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $41,630 |
| Fees for services: Accounting | $18,400 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $107,836 |
| Advertising and promotion | $85,103 |
| Office expenses | $93,721 |
| Information technology | $24,800 |
| Royalties | $0 |
| Occupancy | $148,396 |
| Travel | $16,159 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $185,921 |
| Insurance | $45,191 |
| All other expenses | $109,264 |
| Total functional expenses | $3,818,091 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,113,091 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $24,724 |
| 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 | $19,409 |
| Net Land, buildings, and equipment | $2,514,776 |
| Investments—publicly traded securities | $12,283 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,684,283 |
| Accounts payable and accrued expenses | $119,607 |
| Grants payable | $0 |
| Deferred revenue | $867,882 |
| 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 | $2,089,347 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $22,834 |
| Total liabilities | $3,099,670 |
| Net assets without donor restrictions | $478,278 |
| Net assets with donor restrictions | $106,335 |
| 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 | $3,684,283 |