Wakefield School Inc
- Assets
- $21.1m
- Revenue
- $12.6m
- Investments
- $0.0
- Employees
- 119
- Location
- The Plains, VA
- Founding
- 08/1980
- Data as of
- 06/2022
- EIN
- 54-1096344
Organization Overview
Wakefield School Inc is located in The Plains, VA. The organization was established in 1980. According to its NTEE Classification (B24) the organization is classified as: Primary & Elementary Schools, under the broad grouping of Education and related organizations. As of 06/2022, Wakefield School Inc employed 119 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wakefield 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, Wakefield School Inc generated $12.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.7% each year. All expenses for the organization totaled $12.1m during the year ending 06/2022. While expenses have increased by 3.1% 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
WAKEFIELD SCHOOL IS AN INDEPENDENT, COLLEGE-PREPARATORY DAY SCHOOL FOR STUDENTS IN JUNIOR KINDERGARTEN THROUGH GRADE 12 ENGAGING IN A RIGOROUS AND INSPIRING LIBERAL ARTS CURRICULUM. OUR AMBITIOUS VISION FOR EVERY STUDENT IS TO FOSTER CAPABLE, ETHICAL, ARTICULATE CITIZENS WHO SEEK THE CHALLENGE, MAKE A DIFFERENCE, AND LIVE EXTRAORDINARY LIVES, EACH IN HIS OR HER OWN WAY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ESTABLISHED IN 1972, WAKEFIELD SCHOOL IS AN INDEPENDENT, COLLEGE-PREPARATORY DAY SCHOOL FOR STUDENTS IN JUNIOR KINDERGARTEN THROUGH GRADE 12 ENGAGING IN A RIGOROUS AND INSPIRING LIBERAL ARTS CURRICULUM. FOR THE 2021-2022 SCHOOL YEAR, 386 STUDENTS WERE ENROLLED. ON AVERAGE, OUR STUDENT TO TEACHER RATIO IS 15:1. OUR SCHOOL OFFERS A WIDE RANGE OF COURSES AND EXTRACURRICULAR OPPORTUNITIES FOR OUR STUDENTS INCLUDING DUAL ENROLLMENT AND AP COURSES FOR OUR UPPER SCHOOL STUDENTS, VARSITY, JUNIOR VARSITY, AND MIDDLE SCHOOL SPORTS, VISUAL AND PERFORMING ARTS INCLUDING THREE THEATER PRODUCTIONS PER YEAR, AND MUCH MORE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ashley Harper Head Of School | OfficerTrustee | 50 | $252,276 |
Eileen Quenell Chair Of Board | OfficerTrustee | 5 | $0 |
Susan Whitson Secretary | OfficerTrustee | 1 | $0 |
Piers Carey Vice Chair Of Board | OfficerTrustee | 1 | $0 |
Grace Withers Treasurer | OfficerTrustee | 1 | $0 |
Rustom Cowasjee Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Des Diversified Educational Systems Inc Educational Equipment | 6/29/22 | $165,559 |
Design & Integration Inc Design | 6/29/22 | $304,316 |
Howard Shockey & Sons Inc Construction Services | 6/29/22 | $1,401,267 |
Cubas Cleaning Services Cleaning Services | 6/29/22 | $180,622 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $216,055 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,275,013 |
| Noncash contributions included in lines 1a–1f | $101,725 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,491,068 |
| Total Program Service Revenue | $11,083,225 |
| Investment income | $30,640 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$4,976 |
| Net Income from Fundraising Events | -$29,835 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $12,570,122 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $2,576,955 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $295,977 |
| Compensation of current officers, directors, key employees. | $177,586 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,896,374 |
| Pension plan accruals and contributions | $107,831 |
| Other employee benefits | $715,807 |
| Payroll taxes | $378,503 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $12,729 |
| Fees for services: Accounting | $32,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,611 |
| Fees for services: Other | $45,027 |
| Advertising and promotion | $72,120 |
| Office expenses | $201,621 |
| Information technology | $124,307 |
| Royalties | $0 |
| Occupancy | $559,699 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $368,084 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $887,769 |
| Insurance | $62,878 |
| All other expenses | $0 |
| Total functional expenses | $12,145,186 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $523,622 |
| Savings and temporary cash investments | $621,637 |
| Pledges and grants receivable | $363,905 |
| Accounts receivable, net | $115,252 |
| 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 | $100,815 |
| Net Land, buildings, and equipment | $18,546,329 |
| Investments—publicly traded securities | $796,860 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $52,716 |
| Total assets | $21,121,136 |
| Accounts payable and accrued expenses | $530,329 |
| Grants payable | $0 |
| Deferred revenue | $880,111 |
| Tax-exempt bond liabilities | $8,905,642 |
| 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 | $10,316,082 |
| Net assets without donor restrictions | $10,362,167 |
| Net assets with donor restrictions | $442,887 |
| 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 | $21,121,136 |
Grants Recieved
Over the last fiscal year, we have identified 8 grants that Wakefield School Inc has recieved totaling $310,586.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $267,875 |
Wise Foundation Marshall, VA PURPOSE: EDUCATION - GENERAL OPERATING FUND | $25,000 |
Kentland Foundation Inc Berryville, VA PURPOSE: FOR UNRESTRICTED GENERAL SCHOOL USE | $5,000 |
Louise B Cochrane Charitable Foundation Henrico, VA PURPOSE: GENERAL FUND | $5,000 |
Northrop Grumman Foundation Falls Church, VA PURPOSE: GENERAL OPERATING GRANTS & MATCHING GIFTS. | $2,500 |
M R Finley Family Foundation San Anselmo, CA PURPOSE: EDUCATIONAL ASSISTANCE | $2,500 |
Endowment Analysis
| Beg. Balance | $1,404,219 |
| Earnings | -$133,834 |
| Net Contributions | $23,153 |
| Ending Balance | $1,293,538 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Ensworth School Nashville, TN | $203,625,309 | $44,175,360 |
Washington International School Washington, DC | $132,347,025 | $55,642,872 |
American Embassy School Association Washington Dc, DC | $98,314,140 | $33,598,614 |
Capital City Public Charter School Inc Washington, DC | $43,801,166 | $29,982,294 |
Freedom Preparatory Academy Inc Memphis, TN | $50,857,494 | $33,295,008 |
Cannon School Inc Concord, NC | $52,291,449 | $28,580,834 |
Thales Academy Raleigh, NC | $136,454,160 | $55,473,682 |
Franklin Road Academy Inc Nashville, TN | $58,128,778 | $31,046,189 |
Brentwood Academy Inc Brentwood, TN | $50,379,157 | $25,930,047 |
Lake Norman Charter School Inc Huntersville, NC | $64,551,351 | $25,126,213 |
Two Rivers Public Charter School Inc Washington, DC | $70,128,237 | $23,149,054 |
Greensboro Independent School Corporation Greensboro, NC | $42,520,891 | $22,760,621 |