Asheville School Incorporated
- Assets
- $112.5m
- Revenue
- $22.9m
- Investments
- $11.3m
- Employees
- 155
- Location
- Asheville, NC
- Founding
- 04/1946
- Data as of
- 06/2023
- EIN
- 56-0530248
Organization Overview
Asheville School Incorporated is located in Asheville, NC. The organization was established in 1946. According to its NTEE Classification (B25) the organization is classified as: Secondary & High Schools, under the broad grouping of Education and related organizations. As of 06/2023, Asheville School Incorporated employed 155 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Asheville School Incorporated 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, Asheville School Incorporated generated $22.9m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.8% each year. All expenses for the organization totaled $23.8m during the year ending 06/2023. While expenses have increased by 5.3% 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
TO PREPARE STUDENTS FOR THEIR FUTURE AND TO PROVIDE A DIVERSE, ENGAGED, AND SMALL SCHOOL COMMUNITY ATMOSPHERE THAT ALLOWS THEM TO STRIVE FOR EXCELLENCE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ASHEVILLE SCHOOL'S PRIMARY PROGRAM SERVICE IS THE EDUCATION OF STUDENTS IN GRADES 9 THROUGH 12. STUDENTS ARE ENTRUSTED TO OUR CARE FOR FOUR TRANSFORMATIVE YEARS THAT SHAPE THEIR CHARACTER AND DIRECT THEIR PATH. THROUGH A RIGOROUS ACADEMIC CURRICULUM AND EXPLORATION OF CO-CURRICULAR INTERESTS, EXPECTATIONS ARE SET HIGH FOR OUR STUDENTS. OUR STUDENTS GRADUATE FULLY PREPARED FOR COLLEGE AND A LIFE OF PURPOSE.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Anthony H Sgro Head Of School/secretary | Officer | 50 | $547,454 |
Scott Miller School Counselor | 40 | $105,444 | |
Ashly Maag Director Of Advancement | 40 | $110,837 | |
Carl Boland Athletic Director | 40 | $126,194 | |
Rob Mcarthur Departing Cfoo | Officer | 50 | $103,722 |
Frank Kriegler Faculty | 40 | $108,193 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Sage Dining Services Inc Food Service | 6/29/23 | $2,061,519 |
Rlc Service Group Inc Construction | 6/29/23 | $726,672 |
Us Security Associates Inc Security | 6/29/23 | $399,394 |
Budd Group Inc Cleaning | 6/29/23 | $309,506 |
Advanced Data And Network Solutions It Services | 6/29/23 | $281,473 |
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 | $2,116,119 |
| Noncash contributions included in lines 1a–1f | $113,393 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,116,119 |
| Total Program Service Revenue | $19,441,256 |
| Investment income | $1,252,728 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $127,884 |
| Net Gain/Loss on Asset Sales | -$237,467 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $21,528 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $22,922,388 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $3,105,315 |
| Grants and other assistance to Foreign Orgs/Individuals | $1,026,220 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $900,571 |
| Compensation of current officers, directors, key employees. | $77,419 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $6,780,546 |
| Pension plan accruals and contributions | $601,921 |
| Other employee benefits | $1,305,721 |
| Payroll taxes | $534,141 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $66,597 |
| Fees for services: Accounting | $58,082 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $440,565 |
| Fees for services: Other | $330,820 |
| Advertising and promotion | $118,165 |
| Office expenses | $325,611 |
| Information technology | $367,918 |
| Royalties | $0 |
| Occupancy | $1,927,453 |
| Travel | $195,615 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $72,224 |
| Interest | $65,559 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,831,943 |
| Insurance | $213,046 |
| All other expenses | $257,036 |
| Total functional expenses | $23,801,064 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,250 |
| Savings and temporary cash investments | $12,341,724 |
| Pledges and grants receivable | $2,182,418 |
| Accounts receivable, net | $95,777 |
| Loans from Officers, Directors, or Controlling Persons | $400,000 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $24,271 |
| Prepaid expenses and deferred charges | $608,260 |
| Net Land, buildings, and equipment | $25,851,784 |
| Investments—publicly traded securities | $58,131,232 |
| Investments—other securities | $11,302,924 |
| Investments—program-related | $0 |
| Intangible assets | $33,866 |
| Other assets | $1,543,114 |
| Total assets | $112,516,620 |
| Accounts payable and accrued expenses | $715,165 |
| Grants payable | $0 |
| Deferred revenue | $3,103,358 |
| Tax-exempt bond liabilities | $2,390,000 |
| 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 | $532,835 |
| Total liabilities | $6,741,358 |
| Net assets without donor restrictions | $38,395,781 |
| Net assets with donor restrictions | $67,379,481 |
| 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 | $112,516,620 |