St Richards Episcopal School Inc
- Assets
- $7.5m
- Revenue
- $8.0m
- Investments
- $151.2k
- Employees
- 148
- Location
- Indianapolis, IN
- Founding
- 06/1975
- Data as of
- 06/2023
- EIN
- 35-6007169
Organization Overview
St Richards Episcopal School Inc is located in Indianapolis, IN. The organization was established in 1975. According to its NTEE Classification (B80) the organization is classified as: Student Services, under the broad grouping of Education and related organizations. As of 06/2023, St Richards Episcopal School Inc employed 148 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. St Richards Episcopal 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, St Richards Episcopal School Inc generated $8.0m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.9%) each year. All expenses for the organization totaled $7.8m during the year ending 06/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
WE FOSTER KNOWLEDGE AND VALUES FOR A LIFETIME THROUGH THE IMPLEMENTATION OF OUR FIVE PILLARS FOR SUCCESS: FAITH, CLASSIC CURRICULUM, LEADERSHIP, CIVIC RESPONSIBILITY, AND GLOBAL READINESS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WE STRIVE TO EDUCATE CHILDREN IN GRADES PRE-K THROUGH 8 WITH A CURRICULUM THAT IMPLEMENTS THE SCHOOL'S FIVE PILLARS FOR SUCCESS. WE VALUE THE INCLUSION OF ETHNIC, RACIAL, AND SOCIOECONOMIC DIVERSITY AMONG OUR STUDENTS. APPROXIMATELY 307 STUDENTS ATTEND THE SCHOOL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nick Colby President | OfficerTrustee | 4 | $0 |
Davies Reed Vice President | OfficerTrustee | 4 | $0 |
Jeff Wawok Treasurer | OfficerTrustee | 4 | $0 |
Nneka Breaux Secretary | OfficerTrustee | 4 | $0 |
Jennifer Baskerville-Burrows Board Trustee | Trustee | 4 | $0 |
Elizabeth Bearby Board Trustee | Trustee | 4 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Casey-bertram Construction Inc Demolition Services | 6/29/15 | $267,815 |
Aladdin Food Management Services Llc Hot Lunch Program | 6/29/15 | $299,225 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $130,650 |
| Related organizations | $463,500 |
| Government grants | $536,285 |
| All other contributions, gifts, grants, and similar amounts not included above | $915,629 |
| Noncash contributions included in lines 1a–1f | $9,470 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,046,064 |
| Total Program Service Revenue | $5,897,084 |
| Investment income | $54,485 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $12,150 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,029,904 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $761,346 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $230,879 |
| Compensation of current officers, directors, key employees. | $103,896 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,306,413 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $503,105 |
| Payroll taxes | $252,595 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $8,715 |
| Fees for services: Accounting | $26,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $11,026 |
| Advertising and promotion | $61,929 |
| Office expenses | $25,224 |
| Information technology | $117,547 |
| Royalties | $0 |
| Occupancy | $735,861 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $15,400 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $387,181 |
| Insurance | $47,386 |
| All other expenses | $230,128 |
| Total functional expenses | $7,838,807 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,984,005 |
| Pledges and grants receivable | $187,082 |
| Accounts receivable, net | $72,773 |
| 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 | $57,019 |
| Net Land, buildings, and equipment | $5,056,503 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $151,218 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $7,508,600 |
| Accounts payable and accrued expenses | $367,265 |
| Grants payable | $0 |
| Deferred revenue | $229,875 |
| 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 | $368,726 |
| Total liabilities | $965,866 |
| Net assets without donor restrictions | $5,598,714 |
| Net assets with donor restrictions | $944,020 |
| 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 | $7,508,600 |