Cape Henry Collegiate School Inc
- Assets
- $51.7m
- Revenue
- $29.6m
- Investments
- $4.3m
- Employees
- 320
- Location
- Virginia Beach, VA
- Founding
- 08/1967
- Data as of
- 06/2022
- EIN
- 54-0793766
Organization Overview
Cape Henry Collegiate School Inc is located in Virginia Beach, VA. The organization was established in 1967. 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, Cape Henry Collegiate School Inc employed 320 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cape Henry Collegiate 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 06/2022, Cape Henry Collegiate School Inc generated $29.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.5% each year. All expenses for the organization totaled $23.5m during the year ending 06/2022. While expenses have increased by 4.5% 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
WE KNOW, VALUE, AND CHALLENGE EACH STUDENT. WE COMMIT TO BUILDING A DIVERSE AND INCLUSIVE COMMUNITY. WE GRADUATE INDEPENDENT THINKERS AND GLOBALLY AWARE CITIZENS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATIONAL, AUXILIARY, ATHLETIC, AND GENERAL PROGRAMS FOR STUDENTS PK-12.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Garran Dr Christopher S Pres./head Of School | OfficerTrustee | 40 | $388,239 |
Horgan Paul Head Of Upper School | 40 | $170,482 | |
Hayes Amanda Head Of Middle School | 40 | $136,585 | |
Xie Ling CFO | Officer | 40 | $135,913 |
Short Jeanne Director Of Athletics | 40 | $125,689 | |
Hummel Brooke Asst Head Of Sch/dir | 40 | $125,014 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Lacey Cleaning Service Inc Cleaning/janitorial | 6/29/22 | $315,016 |
Tranquest Transportation | 6/29/22 | $259,182 |
Southampton Roads Construction Corp Repairs Plumbing | 6/29/22 | $193,173 |
Aladdin Food Management Services L Food Service | 6/29/22 | $963,185 |
Metro Mechanical Corp Hvac Installation | 6/29/22 | $211,677 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $99,649 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,865,934 |
| Noncash contributions included in lines 1a–1f | $97,353 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,965,583 |
| Total Program Service Revenue | $22,314,274 |
| Investment income | $784,598 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$468,638 |
| Net Income from Fundraising Events | $58,543 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $29,637,477 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $2,512,630 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $629,214 |
| Compensation of current officers, directors, key employees. | $362,673 |
| Compensation to disqualified persons | $659,062 |
| Other salaries and wages | $9,553,802 |
| Pension plan accruals and contributions | $592,032 |
| Other employee benefits | $1,856,178 |
| Payroll taxes | $776,283 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $6,094 |
| Fees for services: Accounting | $70,556 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $38,017 |
| Advertising and promotion | $108,358 |
| Office expenses | $163,215 |
| Information technology | $416,130 |
| Royalties | $0 |
| Occupancy | $1,242,609 |
| Travel | $39,034 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $31,880 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,131,864 |
| Insurance | $134,810 |
| All other expenses | $1,339,210 |
| Total functional expenses | $23,473,415 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,799,709 |
| Savings and temporary cash investments | $152,570 |
| Pledges and grants receivable | $3,808,136 |
| Accounts receivable, net | $100,617 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $62,980 |
| Prepaid expenses and deferred charges | $288,475 |
| Net Land, buildings, and equipment | $17,536,110 |
| Investments—publicly traded securities | $19,510,505 |
| Investments—other securities | $4,344,125 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $54,018 |
| Total assets | $51,657,245 |
| Accounts payable and accrued expenses | $2,158,991 |
| Grants payable | $0 |
| Deferred revenue | $6,260,051 |
| Tax-exempt bond liabilities | $3,692,742 |
| 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 | $12,111,784 |
| Net assets without donor restrictions | $30,987,139 |
| Net assets with donor restrictions | $8,558,322 |
| 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 | $51,657,245 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Cape Henry Collegiate School Inc has recieved totaling $30,000.
| Awarding Organization | Amount |
|---|---|
Christian Family Foundation Richmond, VA PURPOSE: EDUCATION | $30,000 |
Endowment Analysis
| Beg. Balance | $21,215,091 |
| Earnings | -$2,757,862 |
| Net Contributions | $478,757 |
| Other Expense | $488,541 |
| Ending Balance | $18,447,445 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Potomac School Mclean, VA | $225,192,195 | $49,665,882 |
Providence Day School Charlotte, NC | $110,524,658 | $50,140,053 |
Flint Hill School Oakton, VA | $94,406,099 | $45,449,765 |
Charlotte Latin Schools Inc Charlotte, NC | $136,686,590 | $47,461,290 |
Bullis School Inc Potomac, MD | $98,208,716 | $48,486,298 |
Charles E Smith Jewish Day School Of Greater Washington Inc Rockville, MD | $72,940,113 | $37,835,110 |
Landon School Corporation Bethesda, MD | $80,382,622 | $54,334,304 |
Ravenscroft School Inc Raleigh, NC | $81,090,288 | $36,426,897 |
Durham Academy Inc Durham, NC | $115,235,784 | $38,768,231 |
Friends School Of Baltimore Inc Baltimore, MD | $92,747,497 | $38,147,236 |
Maret School Inc Washington, DC | $97,996,233 | $40,685,591 |
Bryn Mawr School For Girls Of Baltimore City Baltimore, MD | $100,381,068 | $39,864,147 |