Westminster School Inc
- Assets
- $28.9m
- Revenue
- $10.4m
- Investments
- $118.5k
- Employees
- 154
- Location
- Oklahoma City, OK
- Founding
- 11/1966
- Data as of
- 06/2023
- 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 06/2023, Westminster School Inc employed 154 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 06/2023, Westminster School Inc generated $10.4m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.0% each year. All expenses for the organization totaled $9.5m during the year ending 06/2023. While expenses have increased by 2.8% per year over the past 8 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
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:
EDUCATIONAL PROGRAMS FOR CHILDREN OF PRESCHOOL AGE THROUGH EIGHTH GRADE.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert S Vernon Head Of School | OfficerTrustee | 50 | $305,347 |
Candace Williams Lisle Trustee | Trustee | 1 | $0 |
David Harris Trustee | Trustee | 1 | $0 |
Edie Roodman Trustee | Trustee | 1 | $0 |
Gayla Jones Trustee | Trustee | 1 | $0 |
Jane Puls MD Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $101,030 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $310,208 |
| Noncash contributions included in lines 1a–1f | $33,980 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $411,238 |
| Total Program Service Revenue | $9,351,432 |
| Investment income | $455,407 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$5,727 |
| Net Gain/Loss on Asset Sales | $134,942 |
| Net Income from Fundraising Events | -$3,280 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $10,351,749 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $822,859 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $590,178 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,461,161 |
| Pension plan accruals and contributions | $308,226 |
| Other employee benefits | $608,533 |
| Payroll taxes | $358,754 |
| Fees for services: Management | $30,241 |
| Fees for services: Legal | $12,210 |
| Fees for services: Accounting | $41,850 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $20,722 |
| Fees for services: Other | $20,911 |
| Advertising and promotion | $15,986 |
| Office expenses | $240,122 |
| Information technology | $135,751 |
| Royalties | $0 |
| Occupancy | $229,190 |
| 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 | $958,149 |
| Insurance | $155,917 |
| All other expenses | $49,696 |
| Total functional expenses | $9,548,515 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,917,343 |
| Savings and temporary cash investments | $1,239,651 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $34,035 |
| 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 | $90,023 |
| Net Land, buildings, and equipment | $5,902,812 |
| Investments—publicly traded securities | $18,569,218 |
| Investments—other securities | $118,508 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $28,871,590 |
| Accounts payable and accrued expenses | $342,220 |
| Grants payable | $0 |
| Deferred revenue | $2,861,161 |
| 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 | $0 |
| Total liabilities | $3,203,381 |
| Net assets without donor restrictions | $24,673,137 |
| Net assets with donor restrictions | $995,072 |
| 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 | $28,871,590 |