Randolph School
- Assets
- $64.4m
- Revenue
- $22.8m
- Investments
- $25.6m
- Employees
- 296
- Location
- Huntsville, AL
- Founding
- 11/1960
- Data as of
- 06/2022
- EIN
- 63-0412843
Organization Overview
Randolph School is located in Huntsville, AL. The organization was established in 1960. According to its NTEE Classification (B24) the organization is classified as: Primary & Elementary Schools, under the broad grouping of Education and related organizations. As of 06/2022, Randolph School employed 296 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Randolph 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 06/2022, Randolph School generated $22.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.5% each year. All expenses for the organization totaled $20.5m during the year ending 06/2022. While expenses have increased by 2.3% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
ELEMENTARY AND SECONDARY SCHOOL
Describe the Organization's Program Activity:
Part 3 - Line 4a
TUITION AND FEES
STUDENT SUPPORT SERVICES
OTHER PROGRAMS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Amit Arora Trustee | Trustee | 0 | $0 |
Erin Bailey Trustee | Trustee | 0 | $0 |
Missy Baldone Trustee | Trustee | 0 | $0 |
Bobby Bradley Trustee | Trustee | 0 | $0 |
Celeste Childs Trustee | Trustee | 0 | $0 |
Leslie Cooper Trustee | Trustee | 0 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Adventure Travel Travel Services | 6/29/17 | $277,100 |
Alabama Cleaning Service Janitorial | 6/29/17 | $200,676 |
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 | $1,277,961 |
| Noncash contributions included in lines 1a–1f | $25,885 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,277,961 |
| Total Program Service Revenue | $19,095,701 |
| Investment income | $1,567,673 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $2,105 |
| Net Gain/Loss on Asset Sales | $667,015 |
| Net Income from Fundraising Events | $153,223 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $22,763,678 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $1,491,143 |
| Compensation of current officers, directors, key employees. | $1,060,001 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $9,525,746 |
| Pension plan accruals and contributions | $412,451 |
| Other employee benefits | $0 |
| Payroll taxes | $791,017 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $9,930 |
| Fees for services: Accounting | $58,025 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $187,365 |
| Fees for services: Other | $147,865 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $7,986 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $40,734 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,034,536 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,385,825 |
| Insurance | $135,312 |
| All other expenses | $1,298,470 |
| Total functional expenses | $20,547,492 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,693,445 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $3,792,895 |
| Accounts receivable, net | $42,699 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $45,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $110,039 |
| Net Land, buildings, and equipment | $27,123,478 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $25,560,574 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $24,202 |
| Total assets | $64,392,332 |
| Accounts payable and accrued expenses | $1,101,540 |
| Grants payable | $0 |
| Deferred revenue | $2,237,031 |
| 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 | $23,229,061 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $930,000 |
| Total liabilities | $27,497,632 |
| Net assets without donor restrictions | $30,489,769 |
| Net assets with donor restrictions | $6,404,931 |
| 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 | $64,392,332 |