St Annes-Belfield Inc
- Assets
- $122.4m
- Revenue
- $34.3m
- Investments
- $49.7m
- Employees
- 286
- Location
- Charlottesville, VA
- Founding
- 04/1972
- Data as of
- 06/2020
- EIN
- 54-0880465
Organization Overview
St Annes-Belfield Inc is located in Charlottesville, VA. The organization was established in 1972. 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 06/2020, St Annes-Belfield Inc employed 286 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations.
For the year ending 06/2020, St Annes-Belfield Inc generated $34.3m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.5% each year. All expenses for the organization totaled $32.0m during the year ending 06/2020. While expenses have increased by 1.1% per year over the past 6 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
OUR MISSION AS AN INDEPENDENT SCHOOL IS TO FEED EACH CHILD'S INNATECURIOSITY THROUGH EXCEPTIONAL INNOVATIVE TEACHING AND LEARNING IN ANINTENTIONAL PRESCHOOL THROUGH GRADE 12 COMMUNITY IN WHICH CLOSERELATIONSHIPS PROVIDE A FOUNDATION FOR ACHIEVEMENT AND WHERE EVERYCHILD IS WELL KNOWN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ST. ANNE'S-BELFIELD SCHOOL IS AN INDEPENDENT SCHOOL PROVIDING EDUCATIONAL SERVICE TO APPROXIMATELY 900 STUDENTS FROM TWO-YEAR-OLDS THROUGH TWELFTH GRADE.
FINANCIAL ASSISTANCE (TUITION REDUCTIONS) - FINANCIAL ASSISTANCE WAS PROVIDED TO STUDENTS. APPROXIMATELY 358 STUDENTS RECEIVED TUITION REDUCTIONS DURING THE YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Lourie Head Of School | Officer | 40 | $462,863 |
Diane Schmidt Assoc Head Of School/cfo | Officer | 40 | $159,293 |
Warren Buford Asst Head Of School-Advanc | 40 | $147,145 | |
Shannon Montague Head Of Learning Village | 40 | $128,239 | |
Bethany Miller Asst Head Of School-Academ | 40 | $127,341 | |
Rocky Robinson Athletic Director | 40 | $117,770 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Bowie Gridley Architects Pllc Consulting | 6/29/17 | $111,169 |
Spider Managment Company Investment Management | 6/29/17 | $475,846 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,585,915 |
| Investment income | $916,529 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $146,352 |
| Net Gain/Loss on Asset Sales | $3,712,870 |
| Net Income from Fundraising Events | $7,189 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $43,270 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $34,335,007 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $7,656,906 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $673,255 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $11,571,651 |
| Pension plan accruals and contributions | $581,442 |
| Other employee benefits | $1,542,227 |
| Payroll taxes | $880,131 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $544,124 |
| Fees for services: Other | $770,229 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $218,582 |
| Royalties | $0 |
| Occupancy | $657,577 |
| Travel | $44,699 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,730,690 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,569,814 |
| Insurance | $219,926 |
| All other expenses | $0 |
| Total functional expenses | $31,998,209 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $15,736,376 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $1,940,987 |
| Accounts receivable, net | $57,271 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $11,621 |
| Inventories for sale or use | $64,572 |
| Prepaid expenses and deferred charges | $90,858 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $49,745,710 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $208,040 |
| Total assets | $122,363,605 |
| Accounts payable and accrued expenses | $1,917,761 |
| Grants payable | $0 |
| Deferred revenue | $9,692,502 |
| Tax-exempt bond liabilities | $35,521,138 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $5,481,756 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $6,022,467 |
| Total liabilities | $58,635,624 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $63,727,981 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that St Annes-Belfield Inc has recieved totaling $249,000.
| Awarding Organization | Amount |
|---|---|
Rimora Foundation Charlottesville, VA PURPOSE: TUITION & STUDENT INVESTMENT GROUP ASSISTANCE | $230,000 |
Arnold F Baggins Foundation Inc New Canaan, CT PURPOSE: TO ACHIEVE CHARITABLE PURPOSE | $15,000 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: GENERAL SUPPORT | $2,000 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: GENERAL SUPPORT | $2,000 |
Endowment Analysis
| Beg. Balance | $49,493,893 |
| Earnings | -$52,689 |
| Admin Expense | $483,785 |
| Net Contributions | $65,017 |
| Other Expense | $3,185,269 |
| Grants | $139,704 |
| Ending Balance | $45,697,463 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Friendship Public Charter School Washington, DC | $208,704,133 | $111,961,400 |
Imagine Schools Non-Profit Inc Vienna, VA | $90,821,472 | $57,096,854 |
Mcdonogh School Incorporated Owings Mills, MD | $303,028,509 | $66,391,470 |
Collegiate School Richmond, VA | $158,195,585 | $59,848,503 |
The East Coast Migrant Head Start Project Raleigh, NC | $12,581,210 | $49,929,989 |
Charlotte Country Day School Charlotte, NC | $213,319,665 | $77,552,004 |
Potomac School Mclean, VA | $218,505,222 | $52,801,468 |
Georgetown Day School Inc Washington, DC | $287,961,903 | $74,613,503 |
Providence Day School Charlotte, NC | $101,423,765 | $47,614,569 |
Mccallie School Inc Chattanooga, TN | $246,097,141 | $52,962,478 |
Bullis School Inc Potomac, MD | $95,071,669 | $48,025,592 |
Flint Hill School Oakton, VA | $96,424,758 | $41,021,926 |