St Georges School
- Assets
- $310.7m
- Revenue
- $70.8m
- Investments
- $15.6m
- Employees
- 240
- Location
- Newport, RI
- Founding
- 03/1947
- Data as of
- 06/2022
- EIN
- 05-0259009
Organization Overview
St Georges School is located in Newport, RI. The organization was established in 1947. According to its NTEE Classification (B25) the organization is classified as: Secondary & High Schools, under the broad grouping of Education and related organizations. As of 06/2022, St Georges School employed 240 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. St Georges 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, St Georges School generated $70.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.3% each year. All expenses for the organization totaled $39.7m during the year ending 06/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO GIVE STUDENTS IN THE GRADES OF 9 THROUGH 12 THE OPPORTUNITY OF DEVELOPING TO THE FULLEST EXTENT.
Describe the Organization's Program Activity:
ST. GEORGE'S SCHOOL PRIMARILY PROVIDES INSTRUCTION AND STUDENT EDUCATION SUPPORT TO STUDENTS IN GRADES 9-12.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark D Taber Treasurer | OfficerTrustee | 2 | $0 |
Dana L Schmaltz Chair | OfficerTrustee | 2 | $0 |
Kirtley Cameron Asst Secretary | OfficerTrustee | 2 | $0 |
Langdon Van Norden Jr Secretary | OfficerTrustee | 2 | $0 |
Eleanor Dejoux Individual Trustee | Trustee | 2 | $0 |
William C Dorsey Individual Trustee | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Sage Dining Services Inc Dining Services | 6/29/22 | $1,653,312 |
Jg Coffey Company Construction Contractors | 6/29/22 | $1,120,000 |
Voith & Mctavish Llp Architectural Services | 6/29/22 | $1,018,164 |
Compass Facility Services Inc Cleaning Services | 6/29/22 | $995,035 |
Apex Technology Technology Services | 6/29/22 | $485,141 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $129,325 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $19,625,058 |
| Noncash contributions included in lines 1a–1f | $592,864 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $19,754,383 |
| Total Program Service Revenue | $25,501,409 |
| Investment income | $3,030,999 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $22,049,308 |
| Net Income from Fundraising Events | -$11,238 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $164,949 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $70,826,493 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $5,580,887 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,688,920 |
| Compensation of current officers, directors, key employees. | $819,350 |
| Compensation to disqualified persons | $22,500 |
| Other salaries and wages | $10,111,867 |
| Pension plan accruals and contributions | $834,334 |
| Other employee benefits | $2,134,888 |
| Payroll taxes | $808,697 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $118,441 |
| Fees for services: Accounting | $70,059 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $479,826 |
| Fees for services: Other | $3,537,517 |
| Advertising and promotion | $177,384 |
| Office expenses | $860,341 |
| Information technology | $779,020 |
| Royalties | $0 |
| Occupancy | $3,228,312 |
| Travel | $587,048 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,129,957 |
| Interest | $1,372,326 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,287,297 |
| Insurance | $715,293 |
| All other expenses | $0 |
| Total functional expenses | $39,650,066 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,685,863 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $16,092,076 |
| Accounts receivable, net | $179,548 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $43,887 |
| Inventories for sale or use | $204,509 |
| Prepaid expenses and deferred charges | $303,984 |
| Net Land, buildings, and equipment | $78,766,887 |
| Investments—publicly traded securities | $192,510,061 |
| Investments—other securities | $15,645,342 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $265,656 |
| Total assets | $310,697,813 |
| Accounts payable and accrued expenses | $4,879,730 |
| Grants payable | $0 |
| Deferred revenue | $4,200,985 |
| Tax-exempt bond liabilities | $54,052,512 |
| 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 | $122,188 |
| Total liabilities | $63,255,415 |
| Net assets without donor restrictions | $69,669,230 |
| Net assets with donor restrictions | $177,773,168 |
| 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 | $310,697,813 |