Bolles School
- Assets
- $168.8m
- Revenue
- $75.4m
- Investments
- $9.7m
- Employees
- 510
- Location
- Jacksonville, FL
- Founding
- 09/1937
- Data as of
- 07/2024
- EIN
- 59-0637814
Organization Overview
Bolles School is located in Jacksonville, FL. The organization was established in 1937. 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 07/2024, Bolles School employed 510 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bolles 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 07/2024, Bolles School generated $75.4m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 8.6% each year. All expenses for the organization totaled $59.5m during the year ending 07/2024. While expenses have increased by 5.8% per year over the past 9 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
PRIVATE COLLEGE PREPARATORY SCHOOL WITH AN INTERNATIONAL REPUTATION FOR EXCELLENCE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE BOLLES SCHOOL IS A PRIVATE COLLEGE PREPARATORY SCHOOL WITH AN INTERNATIONAL REPUTATION FOR EXCELLENCE. LOCATED IN JACKSONVILLE, FLORIDA, THE SCHOOL ENROLLS APPROXIMATELY 1,750 BOARDING AND DAY STUDENTS IN PRE-KINDERGARTEN THROUGH GRADE 12 ON FOUR CAMPUSES. THE SCHOOL FOCUSES ON A COMPLETE EDUCATION THAT EMPHASIZES EXCELLENCE IN ACADEMICS, THE ARTS, ATHLETICS, AND OTHER ACTIVITIES LIKE CLUBS AND COMMUNITY SERVICE. STUDENTS CAN PURSUE THEIR INTERESTS AND LEARN TO BALANCE A RICH VARIETY OF ACTIVITIES. OUR RIGOROUS PROGRAMS PREPARE STUDENTS FOR FUTURE SUCCESS AND 100% OF OUR GRADUATING SENIORS GO ON TO COLLEGE. OUR STUDENTS ALSO LEARN THE IMPORTANCE OF SELF-DISCIPLINE, PERSONAL RESPONSIBILITY, AND COMPASSION. THESE VALUES, OUTLINED IN THE BOLLES HONOR CODE, ARE VITAL TO CAMPUS LIFE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tyler Hodges President Head Of School | OfficerTrustee | 40 | $514,030 |
Russell Newton III Chair | OfficerTrustee | 3 | $0 |
Tatiana Salvador Vice Chair | OfficerTrustee | 2 | $0 |
Preeti Swani Secretary | OfficerTrustee | 1 | $0 |
Fernando Acosta-Rua Trustee | Trustee | 1 | $0 |
Decoven Brown Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Stellar Group Inc Construction & Engineering Services | 7/30/24 | $11,243,882 |
Aramark Maintenance, Grounds, & Custodial | 7/30/24 | $2,757,755 |
Flik Dining Dining Services | 7/30/24 | $2,038,710 |
Scherer Construction Of Northeast Florid Construction & Engineering Services | 7/30/24 | $730,336 |
The Mayan Group Llc Construction & Engineering Services | 7/30/24 | $662,383 |
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 | $15,778,184 |
| Noncash contributions included in lines 1a–1f | $588,106 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $15,778,184 |
| Total Program Service Revenue | $54,835,498 |
| Investment income | $2,073,386 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $165,031 |
| Net Gain/Loss on Asset Sales | $2,134,667 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $262,095 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $75,416,033 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $5,170,519 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $889,424 |
| Compensation of current officers, directors, key employees. | $626,291 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $21,487,479 |
| Pension plan accruals and contributions | $1,523,112 |
| Other employee benefits | $5,337,315 |
| Payroll taxes | $1,567,324 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $33,885 |
| Fees for services: Accounting | $89,330 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $136,791 |
| Fees for services: Other | $1,026,849 |
| Advertising and promotion | $510,010 |
| Office expenses | $790,738 |
| Information technology | $1,426,688 |
| Royalties | $0 |
| Occupancy | $7,404,296 |
| Travel | $589,473 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $178,049 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,510,010 |
| Insurance | $0 |
| All other expenses | $971,604 |
| Total functional expenses | $59,452,711 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $337,342 |
| Savings and temporary cash investments | $23,163,726 |
| Pledges and grants receivable | $27,516,014 |
| Accounts receivable, net | $104,364 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $586,040 |
| Prepaid expenses and deferred charges | $1,664,201 |
| Net Land, buildings, and equipment | $68,489,277 |
| Investments—publicly traded securities | $36,666,162 |
| Investments—other securities | $9,653,040 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $615,938 |
| Total assets | $168,796,104 |
| Accounts payable and accrued expenses | $2,900,869 |
| Grants payable | $0 |
| Deferred revenue | $47,848,159 |
| Tax-exempt bond liabilities | $5,449,305 |
| 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 | $116,650 |
| Other liabilities | $2,009,091 |
| Total liabilities | $58,324,074 |
| Net assets without donor restrictions | $69,461,375 |
| Net assets with donor restrictions | $41,010,655 |
| 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 | $168,796,104 |