Park Place School
- Assets
- $525.3k
- Revenue
- $752.5k
- Investments
- $0.0
- Employees
- 18
- Location
- Norfolk, VA
- Founding
- 06/2000
- Data as of
- 06/2021
- EIN
- 54-1965765
Organization Overview
Park Place School is located in Norfolk, VA. The organization was established in 2000. 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 06/2021, Park Place School employed 18 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Park Place 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 06/2021, Park Place School generated $752.5k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 8.6% each year. All expenses for the organization totaled $641.4k during the year ending 06/2021. While expenses have increased by 4.4% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THROUGH A PARTNERSHIP OF FAMILY, SCHOOL, AND COMMUNITY, PARK PLACE SCHOOL PROVIDES A CHRIST-CENTERED, EQUITABLE EDUCATIONAL CHOICE TO INSPIRE STUDENTS TO BECOME LIFE-LONG LEARNERS SPIRITUALLY, ACADEMICALLY, AND SOCIALLY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE SCHOOL PROVIDES AT-RISK ELEMENTARY SCHOOL STUDENTS FROM LOW-INCOME BACKGROUNDS THE OPPORTUNITY TO LEARN THE BASIC READING, SPELLING, AND MATH SKILLS NECESSARY FOR ACADEMIC SUCCESS IN A NURTURING ENVIRONMENT BASED ON CHRISTIAN VALUES. THE SCHOOL OPERATES ON CONTRIBUTIONS FROM INDIVIDUALS AND THE SCHOOL'S SCHOLARSHIP PROGRAM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kamilah Bowers Principal | Officer | $59,792 | |
Brenda Garret Director Of | Officer | 40 | $43,343 |
Brian Campbell Vice Preside | OfficerTrustee | 1 | $0 |
Ramona Farrow Treasurer | OfficerTrustee | 1 | $0 |
Tabmitha Jervey Secretary | OfficerTrustee | 1 | $0 |
Karen Upton President | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $323 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $243,144 |
| All other contributions, gifts, grants, and similar amounts not included above | $507,862 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $751,329 |
| Total Program Service Revenue | $1,182 |
| Investment income | $35 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $752,546 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $6,153 |
| 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. | $100,000 |
| Compensation of current officers, directors, key employees. | $37,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $340,554 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $28,727 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,620 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $10,627 |
| Advertising and promotion | $995 |
| Office expenses | $7,399 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $42,332 |
| Travel | $0 |
| 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 | $12,638 |
| Insurance | $0 |
| All other expenses | $5,246 |
| Total functional expenses | $641,352 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $255,851 |
| Savings and temporary cash investments | $46,809 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $50,508 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $172,163 |
| Total assets | $525,331 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $311,359 |
| Net assets with donor restrictions | $213,972 |
| 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 | $525,331 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Park Place School has recieved totaling $90,574.
| Awarding Organization | Amount |
|---|---|
Hampton Roads Community Foundation Norfolk, VA PURPOSE: 2021 DESIGNATED CONTRIBUTION | $58,130 |
Christian Broadcasting Network Inc Virginia Beach, VA PURPOSE: EDUCATION | $10,000 |
Network For Good Inc Washington, DC PURPOSE: UNRESTRICTED | $9,916 |
Hampton Roads Community Foundation Norfolk, VA PURPOSE: 2021 DISTRIBUTION | $6,350 |
Dunlap-Garrick Christian Community Foundation Norfolk, VA PURPOSE: STUDENT SCHOLARSHIPS | $6,153 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $25 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Imagine Schools Non-Profit Inc Vienna, VA | $161,309,849 | $62,482,447 |
Mcdonogh School Incorporated Owings Mills, MD | $267,537,945 | $83,365,139 |
The East Coast Migrant Head Start Project Raleigh, NC | $15,412,919 | $60,635,891 |
Georgetown Day School Inc Washington, DC | $314,406,579 | $96,635,135 |
Charlotte Country Day School Charlotte, NC | $226,176,676 | $57,558,870 |
Collegiate School Richmond, VA | $158,195,585 | $59,848,503 |
Mccallie School Inc Chattanooga, TN | $251,954,499 | $79,356,942 |
Potomac School Mclean, VA | $225,192,195 | $49,665,882 |
Providence Day School Charlotte, NC | $110,524,658 | $50,140,053 |
Flint Hill School Oakton, VA | $94,406,099 | $45,449,765 |
Charlotte Latin Schools Inc Charlotte, NC | $136,686,590 | $47,461,290 |
Bullis School Inc Potomac, MD | $98,208,716 | $48,486,298 |