North Cross School
- Assets
- $27.2m
- Revenue
- $13.0m
- Investments
- $1.6m
- Employees
- 245
- Location
- Roanoke, VA
- Founding
- 02/1964
- Data as of
- 06/2022
- EIN
- 54-0699572
Organization Overview
North Cross School is located in Roanoke, VA. The organization was established in 1964. According to its NTEE Classification (B20) the organization is classified as: Elementary & Secondary Schools, under the broad grouping of Education and related organizations. As of 06/2022, North Cross School employed 245 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. North Cross 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, North Cross School generated $13.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.6% each year. All expenses for the organization totaled $13.2m during the year ending 06/2022. While expenses have increased by 4.7% 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
A NON-SECTARIAN, INDEPENDENT, CO-EDUCATIONAL COLLEGE PREPARATORY DAY SCHOOL, SERVICING GRADES PRE-KINDERGARTEN THROUGH TWELVE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
INSTRUCTIONAL - FUNDS USED TO PROVIDE COMPREHENSIVE EDUCATIONAL PROGRAMS TO 550 STUDENTS IN GRADES PRE-KINDERGARTEN THROUGH TWELFTH, AUXILIARY SERVICES, AND THE CARTER ATHLETIC CENTER FOR THE SCHOOL AND THE PUBLIC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
George I Vogel III Vice Chair | OfficerTrustee | 1 | $0 |
Talfourd H Kemper Jr Trustee | Trustee | 1 | $0 |
Dr Donna Rs Batzel Trustee | Trustee | 1 | $0 |
Sarah Boxley Beck Chair | OfficerTrustee | 1 | $0 |
Kevin S Bloomfield Trustee | Trustee | 1 | $0 |
John D Lugar Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Mb Contractors Construction Contactor | 6/29/20 | $8,365,503 |
Wilson International School Student Boarding Dormitory | 6/29/20 | $229,478 |
Southern Concessions Cafeteria Contractor | 6/29/20 | $181,184 |
Brame Specialty Company Office Supply | 6/29/20 | $189,375 |
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 | $985,779 |
| Noncash contributions included in lines 1a–1f | $339,378 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $985,779 |
| Total Program Service Revenue | $11,897,698 |
| Investment income | $36,302 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $29,750 |
| Net Gain/Loss on Asset Sales | $85,319 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $13,034,848 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $2,865,009 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,735,047 |
| Pension plan accruals and contributions | $235,281 |
| Other employee benefits | $497,919 |
| Payroll taxes | $426,386 |
| Fees for services: Management | $41,589 |
| Fees for services: Legal | $2,086 |
| Fees for services: Accounting | $52,350 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $38,223 |
| Office expenses | $49,201 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $404,576 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $211,429 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $964,216 |
| Insurance | $122,337 |
| All other expenses | $81,029 |
| Total functional expenses | $13,219,901 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $254,916 |
| Savings and temporary cash investments | $859,637 |
| Pledges and grants receivable | $2,221,078 |
| Accounts receivable, net | $968,932 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $4,950 |
| Prepaid expenses and deferred charges | $17,699 |
| Net Land, buildings, and equipment | $21,265,362 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $1,629,593 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $27,222,167 |
| Accounts payable and accrued expenses | $742,249 |
| Grants payable | $0 |
| Deferred revenue | $970,819 |
| 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 | $5,162,600 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $117,342 |
| Total liabilities | $6,993,010 |
| Net assets without donor restrictions | $18,330,828 |
| Net assets with donor restrictions | $1,898,329 |
| 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 | $27,222,167 |