St Annes-Belfield Inc
- Assets
- $122.4m
- Revenue
- $34.3m
- Investments
- $49.7m
- Employees
- 318
- 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 06/2021, St Annes-Belfield Inc employed 318 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. St Annes-Belfield 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 06/2020, 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 THAT EDUCATED APPROXIMATELY 900 STUDENTS, AGE 2 THROUGH GRADE 12, BOTH DAY AND BOARDING. THE CURRICULUM IS DESIGNED TO PREPARE THE NEXT GENERATION OF EXEMPLARY CITIZENS AND VISIONARY LEADERS THROUGH ACADEMIC EXCELLENCE, STUDENT-LED LEARNING, COMMUNITY-BUILDING OPPORTUNITIES, BROAD CO-CURRICULAR OPTIONS IN ATHLETICS, ARTS, CODING AND COMPUTER SCIENCE, LEADERSHIP DEVELOPMENT AND SERVICE. DAY AND BOARDING STUDENTS REPRESENTED 51 ZIP CODES AND 14 COUNTRIES WHO LEARNED ABOUT AND FROM EACH OTHER, CONTRIBUTING TO A GLOBAL EDUCATION AND CREATING AN EXPECTATION OF BELONGING BASED ON SHARED HUMAN DIGNITY.
FINANCIAL ASSISTANCE IN THE FORM OF TUITION REDUCTIONS WAS PROVIDED TO MORE 350 STUDENTS, APPROXIMATELY 35% OF THE STUDENT BODY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Autumn Graves Head Of School | Officer | 40 | $236,038 |
David Lourie Head Of School | Officer | 40 | $234,838 |
Warren Buford Asst Head Of School-Advanc | 40 | $150,022 | |
Bethany Miller Asst Head Of School-Academ | 40 | $130,257 | |
Dewayne Robinson Athletic Director | 40 | $120,976 | |
Peter Quagliaroli Head Of Upper School | 40 | $117,073 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Spider Managment Company Investment Management | 6/29/17 | $475,846 |
Bowie Gridley Architects Pllc Consulting | 6/29/17 | $111,169 |
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 9 grants that St Annes-Belfield Inc has recieved totaling $714,774.
| Awarding Organization | Amount |
|---|---|
Rimora Foundation Charlottesville, VA PURPOSE: TUITION & STUDENT INVESTMENT GROUP ASSISTANCE | $555,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $61,750 |
Quantitative Foundation Philadelphia, PA PURPOSE: EDUCATION SUPPORT | $25,000 |
T Rowe Price Program For Charitable Giving Inc Baltimore, MD PURPOSE: GENERAL OPERATING | $25,000 |
Arnold F Baggins Foundation Inc New Canaan, CT PURPOSE: TO ACHIEVE CHARITABLE PURPOSE | $17,600 |
R K Mellon Family Foundation Pittsburgh, PA PURPOSE: OPERATIONS | $10,000 |
Endowment Analysis
| Beg. Balance | $45,697,463 |
| Earnings | $17,787,004 |
| Admin Expense | $682,683 |
| Net Contributions | $52,937 |
| Other Expense | $3,063,374 |
| Grants | $178,861 |
| Ending Balance | $59,612,486 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Imagine Schools Non-Profit Inc Vienna, VA | $161,309,849 | $62,482,447 |
Mcdonogh School Incorporated Owings Mills, MD | $267,537,945 | $83,365,139 |
The East Coast Migrant Head Start Project Raleigh, NC | $15,412,919 | $60,635,891 |
Georgetown Day School Inc Washington, DC | $314,406,579 | $96,635,135 |
Charlotte Country Day School Charlotte, NC | $226,176,676 | $57,558,870 |
Collegiate School Richmond, VA | $158,195,585 | $59,848,503 |
Mccallie School Inc Chattanooga, TN | $251,954,499 | $79,356,942 |
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 |