Saint Edwards School
- Assets
- $54.1m
- Revenue
- $17.3m
- Investments
- $0.0
- Employees
- 235
- Location
- Vero Beach, FL
- Founding
- 05/1965
- Data as of
- 06/2021
- EIN
- 59-1059214
Organization Overview
Saint Edwards School is located in Vero Beach, FL. The organization was established in 1965. 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, Saint Edwards School employed 235 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Saint Edwards 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, Saint Edwards School generated $17.3m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (2.8%) each year. All expenses for the organization totaled $16.5m during the year ending 06/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
SAINT EDWARD'S SCHOOL IS A COMMUNITY AND CULTURE WHICH PROMOTES LIFE-LONGLEARNING BY DEVELOPING CRITICAL THINKING, COLLABORATION, AND A THOROUGHPREPARATION FOR COLLEGE AND THE FUTURE. FOUNDED UPON THE EPISCOPALTRADITION, THE FOCUS IS ON THE WHOLE CHILD, LED BY A STRONG FACULTY WHOWORK TO HELP ALL STUDENTS REACH THEIR FULL POTENTIAL IN THE CLASSROOM AND BEYOND.
Describe the Organization's Program Activity:
ST. EDWARD'S SCHOOL PROVIDES EDUCATION FOR PRIMARY, INTERMEDIATE AND SECONDARY STUDENTS. APPROXIMATELY 555 STUDENTS WERE SERVED.
ST. EDWARD'S SCHOOL PROVIDES SEVERAL AUXILIARY SERVICES SUCH AS A SUMMER CAMP PROGRAM, RECREATIONAL/CLUB SWIM TEAM, TUTORIAL CENTER, AND EXTENDED DAY CARE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Mersky Former Head Of School | 40 | $275,402 | |
Stuart Hirstein Head Of School | Officer | 40 | $168,106 |
Beth Zamerski Assoc Head Of School-Finan | 40 | $163,122 | |
John Macmullan Head Of Upper School | 40 | $162,813 | |
Keira Murphy Head Of Middle School | 40 | $136,266 | |
Barbara Mohler Former Head Of Lower School | 40 | $116,995 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Apav Solutions Theater Sound | 6/29/21 | $132,174 |
Barbizon Lighting Theater Lighting | 6/29/21 | $231,566 |
Presidio Network Solutions It Equipment/expenses | 6/29/21 | $327,780 |
Apple Inc It Equipment/expenses | 6/29/21 | $116,816 |
Flik Independent Schools Food Services | 6/29/21 | $314,720 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $241,121 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,412,787 |
| Noncash contributions included in lines 1a–1f | $150,871 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,653,908 |
| Total Program Service Revenue | $14,394,252 |
| Investment income | $26,940 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,114,251 |
| Net Income from Fundraising Events | $34,027 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $26,622 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $17,250,987 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $2,415,100 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $275,000 |
| Compensation of current officers, directors, key employees. | $192,500 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $6,709,058 |
| Pension plan accruals and contributions | $342,311 |
| Other employee benefits | $685,312 |
| Payroll taxes | $556,718 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $46,724 |
| Fees for services: Accounting | $57,095 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $61,227 |
| Office expenses | $100,265 |
| Information technology | $208,375 |
| Royalties | $0 |
| Occupancy | $304,469 |
| 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 | $1,063,392 |
| Insurance | $781,437 |
| All other expenses | $952,611 |
| Total functional expenses | $16,531,759 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $10,782,883 |
| Pledges and grants receivable | $202,668 |
| Accounts receivable, net | $1,282,853 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $25,424 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $14,224,517 |
| Investments—publicly traded securities | $27,066,822 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $563,855 |
| Total assets | $54,149,022 |
| Accounts payable and accrued expenses | $625,745 |
| Grants payable | $0 |
| Deferred revenue | $6,046,511 |
| 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 | $367,435 |
| Total liabilities | $7,039,691 |
| Net assets without donor restrictions | $27,243,324 |
| Net assets with donor restrictions | $19,866,007 |
| 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 | $54,149,022 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Saint Edwards School has recieved totaling $45,050.
| Awarding Organization | Amount |
|---|---|
Bailey Family Foundation Inc Vero Beach, FL PURPOSE: CHARITABLE PURPOSES | $45,000 |
Gannett Foundations Inc Mclean, VA PURPOSE: CHARITABLE PURPOSE | $50 |
Endowment Analysis
| Beg. Balance | $14,458,528 |
| Earnings | $5,002,016 |
| Net Contributions | $518,368 |
| Other Expense | $391,501 |
| Ending Balance | $19,587,411 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
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 |
Wesleyan School Inc Peachtree Corners, GA | $136,567,654 | $38,199,935 |
Paideia School Incorporated Atlanta, GA | $78,987,802 | $31,795,237 |
Benjamin Private School Inc North Palm Beach, FL | $92,959,329 | $35,673,109 |
The Schools Of Mckeel Academy Inc Lakeland, FL | $39,834,851 | $32,368,033 |
Darlington School Rome, GA | $83,633,921 | $28,448,149 |
Community School Of Naples Inc Naples, FL | $81,837,065 | $29,324,734 |
Walker School Inc Marietta, GA | $80,389,488 | $24,370,544 |