Westminster School Inc
- Assets
- $24.7m
- Revenue
- $8.9m
- Investments
- $103.3k
- Employees
- 146
- Location
- Oklahoma City, OK
- Founding
- 11/1966
- Data as of
- 06/2020
- EIN
- 73-0730839
Organization Overview
Westminster School Inc is located in Oklahoma City, OK. The organization was established in 1966. 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 06/2021, Westminster School Inc employed 146 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Westminster School Inc 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 06/2020, Westminster School Inc generated $8.9m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.7% each year. All expenses for the organization totaled $8.8m during the year ending 06/2020. While expenses have increased by 2.4% per year over the past 6 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
ESTABLISH, MAINTAIN, AND CONDUCT A SCHOOL FOR THE INSTRUCTION AND TRAINING OF YOUTH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATIONAL PROGRAMS FOR CHILDREN OF PRESCHOOL AGE THROUGH EIGHTH GRADE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert S Vernon Head Of School | OfficerTrustee | 50 | $280,574 |
Ruth Ann Regens Assistant Head | 50 | $139,924 | |
Deborah Graham Director Of Finance | 50 | $115,587 | |
Bobby Nelson Vice President | OfficerTrustee | 1 | $0 |
Davis Hudiburg Trustee | OfficerTrustee | 1 | $0 |
Darren Tawwater Past President/ Trusteeship Chair | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $367,799 |
| Investment income | $315,637 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $1,161 |
| Net Gain/Loss on Asset Sales | $74,659 |
| Net Income from Fundraising Events | -$4,157 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,901,026 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $935,602 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $296,246 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,250,404 |
| Pension plan accruals and contributions | $288,853 |
| Other employee benefits | $540,273 |
| Payroll taxes | $347,055 |
| Fees for services: Management | $30,070 |
| Fees for services: Legal | $8,696 |
| Fees for services: Accounting | $38,750 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $17,871 |
| Fees for services: Other | $18,083 |
| Advertising and promotion | $17,999 |
| Office expenses | $189,001 |
| Information technology | $140,566 |
| Royalties | $0 |
| Occupancy | $148,229 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $64,149 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $921,898 |
| Insurance | $105,772 |
| All other expenses | $0 |
| Total functional expenses | $8,818,608 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,783,372 |
| Savings and temporary cash investments | $3,474,929 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $48,431 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $78,830 |
| Investments—publicly traded securities | $10,306,566 |
| Investments—other securities | $103,254 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $24,679,539 |
| Accounts payable and accrued expenses | $323,938 |
| Grants payable | $0 |
| Deferred revenue | $1,728,912 |
| 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 | $1,047,700 |
| Other liabilities | $0 |
| Total liabilities | $3,100,550 |
| 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 | $21,578,989 |
Grants Recieved
Over the last fiscal year, we have identified 8 grants that Westminster School Inc has recieved totaling $25,200.
| Awarding Organization | Amount |
|---|---|
The Bessemer Giving Fund Woodbridge, NJ PURPOSE: GENERAL SUPPORT | $15,000 |
American Fidelity Foundation Oklahoma City, OK PURPOSE: EDUCATIONAL SUPPORT | $5,000 |
Mock Foundation Oklahoma City, OK PURPOSE: GENERAL | $1,500 |
Oliver Foundation Oklahoma City, OK PURPOSE: EDUCATIONAL | $1,000 |
Wheeler Community Foundation Inc Oklahoma City, OK PURPOSE: EDUCATION | $1,000 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $900 |
Endowment Analysis
| Beg. Balance | $10,338,115 |
| Earnings | $2,796,025 |
| Net Contributions | $2,182,971 |
| Other Expense | $436,150 |
| Ending Balance | $14,880,961 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Varnett Schools Inc Houston, TX | $25,630,579 | $16,355,176 |
The Emery-Weiner Center For Jewish Education Houston, TX | $36,882,077 | $18,976,630 |
Vail Mountain School Vail, CO | $56,713,678 | $17,984,280 |
Sandia School Albuquerque, NM | $27,571,490 | $14,904,182 |
Summit Christian Academy Lees Summit, MO | $26,556,183 | $15,642,141 |
Fort Bend Christian Academy Sugar Land, TX | $31,881,778 | $16,006,683 |
The Lamplighter School Dallas, TX | $61,812,607 | $20,667,782 |
St Annes Episcopal School Inc Denver, CO | $46,260,720 | $15,462,450 |
Highline Academy Incorporation Denver, CO | $14,864,642 | $15,484,851 |
Ser Ninos Inc Houston, TX | $64,261,169 | $15,924,628 |
Aspen Country Day School Inc Aspen, CO | $49,647,660 | $11,714,828 |
Stanley British Primary School Denver, CO | $27,048,051 | $12,840,906 |