Bolles School
- Assets
- $131.9m
- Revenue
- $55.9m
- Investments
- $18.9m
- Employees
- 456
- Location
- Jacksonville, FL
- Founding
- 09/1937
- Data as of
- 07/2021
- 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 07/2021, Bolles School employed 456 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 07/2021, Bolles School generated $55.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.5% each year. All expenses for the organization totaled $48.5m during the year ending 07/2021. While expenses have increased by 4.4% per year over the past 7 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
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 1,600 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 J Hodges President Head Of School | OfficerTrustee | 40 | $266,586 |
Jeff Role Cfo/coo | Officer | 40 | $189,112 |
Michael Drew Associate Head Of School | 40 | $181,556 | |
Carol Nimitz Chief Advancement Officer | 40 | $135,850 | |
Matthew Morris Atheletic Director | 40 | $131,681 | |
Peter Verhoef Director Aquatics | 40 | $129,774 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Aramark Maintenance, Grounds & Custodial | 7/30/21 | $2,226,781 |
Flik Dining Dining | 7/30/21 | $1,389,910 |
Allied Security Services Security Services | 7/30/21 | $479,361 |
Kelly Services Inc Sub-teacher Services | 7/30/21 | $154,043 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,187,626 |
| Investment income | $570,370 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $101,676 |
| Net Gain/Loss on Asset Sales | $3,561,185 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $327,535 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $55,866,326 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $4,728,868 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $539,702 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $17,630,360 |
| Pension plan accruals and contributions | $1,236,171 |
| Other employee benefits | $4,382,624 |
| Payroll taxes | $1,237,632 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $82,515 |
| Fees for services: Accounting | $71,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $210,161 |
| Fees for services: Other | $0 |
| Advertising and promotion | $436,088 |
| Office expenses | $624,653 |
| Information technology | $469,554 |
| Royalties | $0 |
| Occupancy | $6,355,573 |
| Travel | $362,559 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $214,230 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,949,149 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $48,480,144 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,100,072 |
| Savings and temporary cash investments | $18,126,729 |
| Pledges and grants receivable | $19,812,434 |
| Accounts receivable, net | $133,715 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $676,458 |
| Prepaid expenses and deferred charges | $1,482,129 |
| Investments—publicly traded securities | $24,638,113 |
| Investments—other securities | $18,870,790 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $354,744 |
| Total assets | $131,930,396 |
| Accounts payable and accrued expenses | $3,000,076 |
| Grants payable | $0 |
| Deferred revenue | $41,267,152 |
| Tax-exempt bond liabilities | $6,691,144 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $142,847 |
| Unsecured mortgages and notes payable | $416,650 |
| Other liabilities | $487,546 |
| Total liabilities | $52,005,415 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $79,924,981 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Bolles School has recieved totaling $250,000.
| Awarding Organization | Amount |
|---|---|
Gordon Gund And Llura Liggett Gund 1993 Charitable Foundation Princeton, NJ PURPOSE: SUPPORT THE CHARITABLE PURPOSE OF THE ORGANIZATION | $250,000 |
Endowment Analysis
| Beg. Balance | $22,643,397 |
| Earnings | $5,113,918 |
| Net Contributions | $787,369 |
| Other Expense | $521,357 |
| Ending Balance | $28,023,327 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Florida Charter Educational Foundation Inc Ft Lauderdale, FL | $156,543,730 | $97,506,587 |
Pine Crest Preparatory School Inc Fort Lauderdale, FL | $333,237,666 | $117,032,606 |
Woodward Academy Inc College Park, GA | $297,987,009 | $85,209,091 |
Westminster Schools Inc Atlanta, GA | $596,739,021 | $99,709,851 |
Gulliver Preparatory School Inc Miami, FL | $217,883,947 | $98,038,609 |
Lovett School Atlanta, GA | $255,570,564 | $63,708,553 |
Ransom Everglades School Inc Miami, FL | $255,259,179 | $68,191,853 |
Bolles School Jacksonville, FL | $131,930,396 | $55,866,326 |
Miami Country Day School Inc Miami, FL | $132,305,093 | $52,562,056 |
Greater Atlanta Christian Schools Inc Norcross, GA | $104,910,212 | $44,897,863 |
Pace Academy Inc Atlanta, GA | $185,935,585 | $47,968,638 |
Purpose Built Schools Atlanta Inc Atlanta, GA | $15,990,097 | $34,651,857 |