The Peabody School
- Assets
- $9.1m
- Revenue
- $4.6m
- Investments
- $0.0
- Employees
- 65
- Location
- Charlottesville, VA
- Founding
- 03/1993
- Data as of
- 06/2022
- EIN
- 54-1652357
Organization Overview
The Peabody School is located in Charlottesville, VA. The organization was established in 1993. According to its NTEE Classification (B20) the organization is classified as: Elementary & Secondary Schools, under the broad grouping of Education and related organizations. As of 06/2022, Peabody School employed 65 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Peabody 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, Peabody School generated $4.6m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 5.5% each year. All expenses for the organization totaled $4.9m during the year ending 06/2022. While expenses have increased by 6.6% 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
NUTURING A LOVE OF LEARNING THROUGH ACADEMIC CHALLENGE AND EXPLORATION IN A SUPPORTIVE AND CARING COMMUNITY TO HELP CHILDREN LIGHT THEIR OWN PATH TOWARD A LIFE OF IMPACT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED FULL TIME EDUCATION SERVICES TO APPROXIMATELY 210 GIFTED STUDENTS. THE SCHOOL SUPPORTS STUDENTS' DEVELOPMENT OF ACADEMIC, TECHNICAL, AND ARTISTIC SKILLS; PROVIDES OPPORTUNITIES FOR AUTONOMY AND LEADERSHIP, AND FOSTERS AN ENVIRONMENT OF KINDNESS AND RESPECT. THE SCHOOL EQUIPS STUDENTS WITH STUDY HABITS, WRITING SKILLS, KNOWLEDGE, AND PROFICIENCY WITH TECHNOLOGY THAT PREPARE THEM WELL FOR HIGH SCHOOL AND BEYOND. THE SCHOOL PROVIDES A WIDE ARRAY OF STUDENT ACTIVITIES THAT CONTRIBUTE IMPORTANTLY TO THE STUDENTS' INTELLECTUAL, CULTURAL, AND SOCIAL DEVELOPMENT. THESE ACTIVITIES CONSIST OF REGULAR FIELD TRIPS, COMMUNITY SERVICE CLASSES, AN ENRICHMENT PROGRAM, ART SHOWS, DRAMA AND MUSIC PERFORMANCES, AN ANNUAL TALENT SHOW, AND ATHLETIC PROGRAMS. THE SCHOOL ALSO OFFERS VARIOUS STUDENT CLUBS AND AN AFTER SCHOOL PROGRAM. THE SCHOOL PROVIDED FINANCIAL AID TO 42 STUDENTS FOR FISCAL YEAR 2022.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Orlando Head Of School | Officer | 40 | $211,280 |
Brett Jones Vice Chair | OfficerTrustee | 2 | $0 |
Bobby Parmar Chair | OfficerTrustee | 2 | $0 |
Christine Barth Treasurer | OfficerTrustee | 2 | $0 |
Kelli Palmer Secretary | OfficerTrustee | 2 | $0 |
Susan Blank Director | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Kjellstrom & Lee Inc Construction Services | 6/29/20 | $877,635 |
Bartzen & Ball Pllc Architectural Design | 6/29/20 | $144,929 |
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 | $398,387 |
| Noncash contributions included in lines 1a–1f | $21,343 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $398,387 |
| Total Program Service Revenue | $4,157,394 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $16,491 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,572,272 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $581,950 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $216,065 |
| Compensation of current officers, directors, key employees. | $41,052 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,507,204 |
| Pension plan accruals and contributions | $23,309 |
| Other employee benefits | $323,761 |
| Payroll taxes | $204,621 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $5,168 |
| Fees for services: Accounting | $22,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $25,199 |
| Advertising and promotion | $6,690 |
| Office expenses | $85,338 |
| Information technology | $57,988 |
| Royalties | $0 |
| Occupancy | $149,507 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $106,468 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $327,551 |
| Insurance | $43,418 |
| All other expenses | $25,737 |
| Total functional expenses | $4,916,807 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,298,849 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $116,974 |
| Accounts receivable, net | $15,819 |
| 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 | $73,144 |
| Net Land, buildings, and equipment | $7,568,929 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $70,000 |
| Total assets | $9,143,715 |
| Accounts payable and accrued expenses | $55,993 |
| Grants payable | $0 |
| Deferred revenue | $100,868 |
| Tax-exempt bond liabilities | $3,167,422 |
| 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 | $3,324,283 |
| Net assets without donor restrictions | $5,739,946 |
| Net assets with donor restrictions | $79,486 |
| 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 | $9,143,715 |