Canterbury School Corporation
- Assets
- $32.2m
- Revenue
- $23.6m
- Investments
- $0.0
- Employees
- 228
- Location
- Fort Myers, FL
- Founding
- 04/1966
- Data as of
- 06/2019
- EIN
- 59-1058089
Organization Overview
Canterbury School Corporation is located in Fort Myers, FL. The organization was established in 1966. 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 06/2019, Canterbury School Corporation employed 228 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Canterbury School Corporation 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 06/2019, Canterbury School Corporation generated $23.6m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 9.8% each year. All expenses for the organization totaled $19.5m during the year ending 06/2019. While expenses have increased by 4.7% per year over the past 5 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
2019
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE ACADEMIC EXCELLENCE WHILE EMPHASIZING CHARACTER, LEADERSHIP AND SERVICE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CANTERBURY HISTORY IS RICH IN LEADERSHIP AND VISION BY THOSE WHO HAVE COME BEFORE US AS DONORS, VISIONARIES AND VOLUNTEERS. TOGETHER THEY HAVE SET THE COURSE FOR WHAT CANTERBURY IS TODAY, A WELL-RESPECTED EDUCATIONAL INSTITUTION PRODUCING STUDENTS WHO ARE PREPARED FOR SUCCESS IN COLLEGE AND BEYOND.(CONTINUED ON SCHEDULE O).COURSE OF STUDIES:OUR STUDENTS PURSUE A RIGOROUS SCHEDULE OF COLLEGE PREPARATORY CLASSES FOR ALL FOUR YEARS IN THE UPPER SCHOOL. ALL CLASSES AT CANTERBURY SCHOOL ARE TAUGHT AT THE HONORS LEVEL, WITH ADVANCED PLACEMENT (AP) AND INDEPENDENT STUDIES PROVIDING EXTRA CHALLENGES. AP COURSES ARE PROVIDED IN ALL CORE SUBJECT AREAS. ENROLLMENT IN AP IS DETERMINED BY ACADEMIC DEPARTMENT POLICIES AND/OR PREREQUISITE COURSES.ATHLETICS AND EXTRACURRICULAR ACTIVITIES:ATHLETICS, CLUBS AND ORGANIZATIONS PLAY KEY ROLES IN STUDENT LIFE. CANTERBURY OFFERS AN ARRAY OF SPORTS FOR STUDENT PARTICIPATION INCLUDING: FOOTBALL, SOCCER, BASEBALL, BASKETBALL, VOLLEYBALL, SWIMMING, TENNIS, GOLF, CROSS- COUNTRY, TRACK AND FIELD AND LACROSSE. 75% OF OUR UPPER SCHOOL STUDENTS PARTICIPATE IN SPORTS.THERE ARE WELL OVER 20 ACTIVE CLUBS ON CAMPUS INCLUDING YEARBOOK, CHESS, MOCK TRIAL, AND MODEL UN. CLUB MEMBERS MEET ON A REGULAR BASIS THROUGHOUT THE YEAR. ADDITIONALLY, STUDENTS PARTICIPATE IN A VARIETY OF LOCAL, STATE, NATIONAL AND INTERNATIONAL SCHOLASTIC COMPETITIONS.STUDENTS DRAWN FROM: ALVA, BOKEELIA, BONITA SPRINGS, CAPE CORAL, ESTERO, FORT MYERS, FORT MYERS BEACH, LABELLE, LEHIGH ACRES, NAPLES, NORTH FORT MYERS, PORT CHARLOTTE, PUNTA GORDA, SANIBEL GRADUATES ACCEPTED TO FOUR-YEAR COLLEGES OR UNIVERSITIES: 100% AVERAGE CLASS SIZE: 16STUDENT/FACULTY RATIO: 10:1 FINANCIAL AID: FOR THE 2019-2020 SCHOOL YEAR, CANTERBURY SCHOOL PROVIDED APPROXIMATELY $3,600,000 OF FINANCIAL ASSISTANCE TO 30% OF THE STUDENT BODY. CANTERBURY SCHOOL ADHERES TO THE NATIONAL ASSOCIATION OF INDEPENDENT SCHOOLS' "PRINCIPLES OF GOOD PRACTICE FOR FINANCIAL AID."TUITION REMISSION: FOR THE 2019-2020 SCHOOL YEAR, CANTERBURY SCHOOL PROVIDED APPROXIMATELY $1,200,000 AS A TUITION REMISSION BENEFIT TO CHILDREN OF EMPLOYEES, ABOUT 8% OF THE STUDENT BODY.UPPER SCHOOL STUDENTS PARTICIPATING IN SPORTS: 75% PERCENTAGE OF FACULTY & ADMINISTRATION HOLDING ADVANCED DEGREES: 47%CLASS OF 2019 SAT AVERAGE OF HIGHEST SCORES: CRITICAL READING & WRITING: 634; MATH: 635CLASS OF 2019 ACT COMPOSITE SCORE: 26.5MASCOT: COUGAR ATHLETIC TEAMS: FOOTBALL, SOCCER, BASKETBALL, BASEBALL, VOLLEYBALL, SWIMMING, TENNIS, GOLF, CROSS-COUNTRY, TRACK & FIELD AND LACROSSE ACCREDITATIONS/MEMBERSHIPS:- NATIONAL ASSOCIATION OF INDEPENDENT SCHOOLS- FLORIDA COUNCIL OF INDEPENDENT SCHOOLS- SOUTHERN ASSOCIATION OF COLLEGES AND SCHOOLS- SOUTHERN ASSOCIATION OF INDEPENDENT SCHOOLS- NATIONAL ASSOCIATION OF COLLEGE ADMISSION COUNSELING- THE COLLEGE BOARDACADEMIC SOCIETIES:- CUM LAUDE SOCIETY- INTERNATIONAL THESPIAN SOCIETY- LA SOCIETE HONORAIRE DE FRANCAIS- MU ALPHA THETA MATHEMATICS HONOR SOCIETY- NATIONAL ENGLISH HONOR SOCIETY- NATIONAL HONOR SOCIETY- NATIONAL LATIN HONOR SOCIETY- RHO KAPPA, FCSS STUDENT HONOR SOCIETY- SCIENCE NATIONAL HONOR SOCIETY- SOCIEDAD HONORARIA HISPANICAPHILANTHROPY: THE SCHOOL RELIES ON TUITION AND PHILANTHROPIC SUPPORT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rick Kirschner Head Of School | Officer | 40 | $266,269 |
Susan Ryan Chief Financial Officer | Officer | 40 | $178,990 |
George Pappas Assoc. Head Of School For Advancement | 40 | $118,203 | |
Frank Turco Athletic Director | 40 | $109,890 | |
Todd Caruso Board Chair | OfficerTrustee | 0.5 | $0 |
Lori May Vice Chair | OfficerTrustee | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Sage Dining Services Cafeteria Dining Service & Catering | 6/29/19 | $635,914 |
Entech Computer Services Outsourced Technology And Computer Consu | 6/29/19 | $320,941 |
Jsm Services Athletic Field Construction & Maintenanc | 6/29/19 | $183,768 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,052,382 |
| Investment income | $178,197 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $6,668 |
| Net Gain/Loss on Asset Sales | $10,891 |
| Net Income from Fundraising Events | -$141,056 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $3,362 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $23,638,435 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $3,237,740 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $511,341 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $7,871,479 |
| Pension plan accruals and contributions | $430,561 |
| Other employee benefits | $2,031,084 |
| Payroll taxes | $571,169 |
| Fees for services: Management | $45,000 |
| Fees for services: Legal | $17,861 |
| Fees for services: Accounting | $37,875 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $23,298 |
| Fees for services: Investment Management | $35,312 |
| Fees for services: Other | $364,783 |
| Advertising and promotion | $19,266 |
| Office expenses | $486,798 |
| Information technology | $209,515 |
| Royalties | $0 |
| Occupancy | $285,081 |
| Travel | $118,332 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $76,747 |
| Interest | $923,274 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $997,891 |
| Insurance | $304,692 |
| All other expenses | $0 |
| Total functional expenses | $19,488,710 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,412,306 |
| Savings and temporary cash investments | $541,287 |
| Pledges and grants receivable | $2,172,775 |
| Accounts receivable, net | $104,724 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $53,655 |
| Prepaid expenses and deferred charges | $253,607 |
| Investments—publicly traded securities | $6,316,942 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $32,236,169 |
| Accounts payable and accrued expenses | $1,027,755 |
| Grants payable | $0 |
| Deferred revenue | $3,349,924 |
| Tax-exempt bond liabilities | $16,823,839 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $66,375 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,381,432 |
| Total liabilities | $22,649,325 |
| Net assets without donor restrictions | $4,218,123 |
| Net assets with donor restrictions | $4,010,098 |
| Capital stock or trust principal, or current funds | $1,358,623 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $9,586,844 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Canterbury School Corporation has recieved totaling $30,579.
| Awarding Organization | Amount |
|---|---|
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: GROWTH | $20,000 |
Goldman Sachs Philanthropy Fund New York, NY PURPOSE: EDUCATION | $10,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $579 |
Endowment Analysis
| Beg. Balance | $1,927,047 |
| Earnings | $105,408 |
| Ending Balance | $2,032,455 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Bolles School Jacksonville, FL | $131,930,396 | $55,866,326 |
Miami Country Day School Inc Miami, FL | $132,305,093 | $52,562,056 |
Greater Atlanta Christian Schools Inc Norcross, GA | $104,910,212 | $44,897,863 |
Pace Academy Inc Atlanta, GA | $185,935,585 | $47,968,638 |
Purpose Built Schools Atlanta Inc Atlanta, GA | $15,990,097 | $34,651,857 |
Wesleyan School Inc Peachtree Corners, GA | $136,567,654 | $38,199,935 |
Paideia School Incorporated Atlanta, GA | $78,987,802 | $31,795,237 |
Benjamin Private School Inc North Palm Beach, FL | $92,959,329 | $35,673,109 |
The Schools Of Mckeel Academy Inc Lakeland, FL | $39,834,851 | $32,368,033 |
Darlington School Rome, GA | $83,633,921 | $28,448,149 |
Community School Of Naples Inc Naples, FL | $81,837,065 | $29,324,734 |
Walker School Inc Marietta, GA | $80,389,488 | $24,370,544 |