Head-Royce School
- Assets
- $143.4m
- Revenue
- $47.7m
- Investments
- $0.0
- Employees
- 360
- Location
- Oakland, CA
- Founding
- 06/1963
- Data as of
- 06/2022
- EIN
- 94-1518656
Organization Overview
Head-Royce School is located in Oakland, CA. The organization was established in 1963. 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, Head-Royce School employed 360 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Head-Royce School 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, Head-Royce School generated $47.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.9% each year. All expenses for the organization totaled $41.9m 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
OPERATION OF A SCHOOL FROM GRADES KINDERGARTEN THROUGH 12TH GRADE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
AN INDEPENDENT, CO-EDUCATIONAL COLLEGE PREPARATORY DAY SCHOOL WITH CLASSES FROM KINDERGARTEN THROUGH TWELFTH GRADE FOR APPROXIMATELY 900 STUDENTS. ALSO INCLUDED IS THE SUMMER ENRICHMENT, HEADS UP, AND AFTER SCHOOL CHILD CARE PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Peter Smith Board Chair | OfficerTrustee | 1 | $0 |
Tejal Patel Vice Chair | OfficerTrustee | 1 | $0 |
Vangeria Harvey Vice Chair | OfficerTrustee | 1 | $0 |
Sara Malan Secretary | OfficerTrustee | 1 | $0 |
Scott Verges Assistant Secretary | OfficerTrustee | 1 | $0 |
David Kirshman Treasurer | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Robert A Bothman Inc Construction & Engineering | 6/29/22 | $1,011,642 |
Skidmore Owings & Merrill Llp Architects | 6/29/22 | $998,367 |
Anleu Construction Inc Maintenance & Construction | 6/29/22 | $2,364,720 |
Epicurean Group Food Service | 6/29/22 | $538,984 |
Michael's Transportation Services Inc Bus Service | 6/29/22 | $273,481 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $97,248 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $6,081,735 |
| Noncash contributions included in lines 1a–1f | $565,077 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,178,983 |
| Total Program Service Revenue | $39,870,296 |
| Investment income | $536,465 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $35,955 |
| Net Gain/Loss on Asset Sales | $914,288 |
| Net Income from Fundraising Events | $75,015 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $47,688,632 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $6,405,923 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,779,985 |
| Compensation of current officers, directors, key employees. | $1,236,233 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $16,877,423 |
| Pension plan accruals and contributions | $1,074,963 |
| Other employee benefits | $1,867,045 |
| Payroll taxes | $1,354,088 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $102,211 |
| Fees for services: Accounting | $73,690 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $25,200 |
| Fees for services: Investment Management | $54,930 |
| Fees for services: Other | $793,860 |
| Advertising and promotion | $582,057 |
| Office expenses | $546,073 |
| Information technology | $431,643 |
| Royalties | $0 |
| Occupancy | $2,932,061 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $396,329 |
| Interest | $568,537 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,740,514 |
| Insurance | $604,860 |
| All other expenses | $1,279,678 |
| Total functional expenses | $41,888,993 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,638,979 |
| Savings and temporary cash investments | $33,924,538 |
| Pledges and grants receivable | $3,518,539 |
| Accounts receivable, net | $17,525,502 |
| 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 | $120,385 |
| Net Land, buildings, and equipment | $61,571,084 |
| Investments—publicly traded securities | $22,114,584 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $143,413,611 |
| Accounts payable and accrued expenses | $3,754,257 |
| Grants payable | $0 |
| Deferred revenue | $33,281,468 |
| Tax-exempt bond liabilities | $20,538,609 |
| 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 | $57,574,334 |
| Net assets without donor restrictions | $49,315,228 |
| Net assets with donor restrictions | $36,524,049 |
| 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 | $143,413,611 |