To create a diverse and inclusive community of learners committed to a challenging and supportive educational experience that will foster the intellectual, moral, emotional, and physical development of each student.

501(c)(3) charity; gifts are tax-deductible.
87¢ of each $1 spent went to programs.
Run by 700 volunteers and 731 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
6 of 6
filings with a surplus
Average surplus $3.9M a year · 6% of revenue · last 6 filings
Looks good: a surplus in 6 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
87%
of spending
Looks good: 87% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$2.0M
to officers and key staff · 3% of spending
Looks good: pay to officers and key staff is 3% of spending; 15% or less.
Pt VII · Sec A
3 mo
of spending, in cash
Plus $110.0M in investments, Pt X · Ln 11–13
Fine: 2.7 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
12
named funders · $648K
Looks good: 12 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$32.7M
18% of total assets
Looks good: liabilities are 18% of assets; 50% or less.
Pt X · Ln 26
Independent board members
19
of 20 voting members
Looks good: 19 of 20 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$65.1M
+2% vs prior year
Spent
$63.4M
To programs
87%
Net assets
$151.0M
By yearFY2020–FY2025
Revenue
$65.1M
FY2025▲ +2%
Tap a bar for its year
Revenue by fiscal year
FY2020$59.8M
FY2021$56.5M
FY2022$56.5M
FY2023$64.6M
FY2024$64.1M
FY2025$65.1M
Expenses
$63.4M
FY2025▲ +4%
Tap a bar for its year
Expenses by fiscal year
FY2020$52.1M
FY2021$51.9M
FY2022$56.3M
FY2023$58.2M
FY2024$61.1M
FY2025$63.4M
Net assets
$151.0M
FY2025▲ +6%
Tap a bar for its year
Net assets by fiscal year
FY2020$113.0M
FY2021$135.6M
FY2022$128.3M
FY2023$135.0M
FY2024$142.1M
FY2025$151.0M

From the FY2025 Form 990 (year ending June 2025) · figures checked against the IRS filing · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Oct 1972.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

87 cents of each dollar spent went to programs.

Program services 87% · $55.4M Management & general 10% · $6.3M Fundraising 3% · $1.7M

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

28 people listed on the 990; $2.0M paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Int. Head of School - Until 6/30/24
$371,335Pt VII · Sec A
Head of School - Began 7/1/24
$365,074Pt VII · Sec A
$305,339Pt VII · Sec A
Chief Development Officer
$175,792Pt VII · Sec A
Head of Upper School
$175,645Pt VII · Sec A
Dean of Faculty
$170,528Pt VII · Sec A
Head of Lower School
$160,971Pt VII · Sec A
Director of Information Te
$150,463Pt VII · Sec A

William S Peebles IV’s $371K as Int. Head of School - Until 6/30/24 is at the 76th percentile of top reported officer pay among 3683 $10–100M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Penny Evins——$1,404,470$619,782$662,065$316,222
William S Peebles IV$371,335$606,977$266,193———
Stephen Hickman—————$534,223
Jeffery W Mancabelli$365,074—————
Phyllis Palmiero$305,339$285,716$274,067$263,566$267,203$251,667
Kristen O Williams$175,792$169,007$163,465$156,039$154,973—
Patrick E Loach$175,645$166,261$159,024$152,331$155,423$146,279
Courtney Martin——$174,351———

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See The Collegiate School executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Fosters intellectual, moral, emotional, and physical development through a challenging, supportive educational experience.

Questions for The Collegiate School

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Your first name shows with your question. The Collegiate School answers here, for everyone.

Provided by the organization

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2 programs · $55.4M · in their own filed words · FY2024
01

Instructional

Collegiate school provided junior kindergarten through twelfth grade education to 1,690 students. Collegiate operates two campuses: the 55-ACRE main academic campus, located in western henrico county, and the robins campus, a 180-ACRE athletic campus, located in eastern goochland county.

$50.9Mprogram expense
02

Auxiliaries and Other Programs

The school operates, for the benefit and convenience of parents, students, and alumni, several auxiliary services including food service (cafeterias), a campus bookstore, after school programs, summer camps, youth sports, and private music instruction, among others.

$4.5Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
See all 12 funders →
Grants paid · 4 grants · $10.1M · 2023–2024
Unitemized GrantFY2024$5,117,135
Unitemized GrantFY2024$80,800
Unitemized GrantFY2023$4,828,318
Unitemized GrantFY2023$85,600

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$65.1M
Ln 12
Fees for servicesLn 2g$56.7M
Gifts and grantsLn 1h$4.6M
Investment incomeLn 3$3.6M
Money outPt IX
$63.4M
Ln 25
Programscol B$55.4M
Managementcol C$6.3M
Fundraisingcol D$1.7M
Owns and owesPt X
$151.0M
net assets · Ln 32
Cash and savingsLn 1–2$14.2M
Total assetsLn 16$183.7M
LiabilitiesLn 26$32.7M
PeoplePt VI, VII
28
listed · VII A
PaidVII A9
Voting boardVI 1a20
IndependentVI 1b19
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$4.6M
Noncash giftsLn 1g$849K
Fundraising eventsLn 1c$37K
Fees for servicesLn 2g$56.7M
Investment incomeLn 3$3.6M
Other incomeLn 4–11$283K
Gains on assetsLn 7$1.6M
Total revenueLn 12$65.1M
Assets in detailPt X, end of year
CashLn 1$5.0M
SavingsLn 2$9.2M
Cash and savings togetherLn 1–2$14.2M
InvestmentsLn 11–13$110.0M
Land, buildings, equipmentLn 10c$53.5M
Other assetsLn 15$2.9M
Total assetsLn 16$183.7M
LiabilitiesLn 26$32.7M
Net assetsLn 32$151.0M
OperationsPt I, VI
EmployeesI 5731
VolunteersI 6700
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$14.0M$14.2M
InvestmentsLn 11–13$100.8M$110.0M
Land, buildings, equipmentLn 10c$52.3M$53.5M
Total assetsLn 16$177.2M$183.7M
LiabilitiesLn 26$35.1M$32.7M
Net assetsLn 32$142.1M$151.0M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$5.2M$5.2M
Pay of current officers, directors and key staffLn 5$1.4M$294K$776K$294K
Other salaries and wagesLn 7$31.2M$28.0M$2.4M$827K
Pension plan contributionsLn 8$2.1M$1.9M$137K$46K
Other employee benefitsLn 9$4.3M$3.8M$369K$129K
Payroll taxesLn 10$2.1M$1.9M$204K$71K
Legal feesLn 11b$130K$5K$125K
Accounting feesLn 11c$72K$72K
Investment management feesLn 11f$625K$625K
Other fees for servicesLn 11g$4.7M$4.3M$330K$77K
Advertising and promotionLn 12$178K$178K
Office expensesLn 13$1.5M$1.2M$201K$101K
Information technologyLn 14$651K$575K$75K$2K
RoyaltiesLn 15$3K$3K
OccupancyLn 16$1.7M$1.6M$101K$37K
TravelLn 17$145K$125K$15K$6K
Conferences, conventions and meetingsLn 19$372K$319K$38K$15K
InterestLn 20$499K$480K$18K$702
Depreciation, depletion and amortizationLn 22$4.7M$4.6M$108K$28K
InsuranceLn 23$368K$47K$320K
Other expenses (24a–d)Ln 24$1.1M$884K$151K$86K
All other expensesLn 24e$274K$256K$18K
Total functional expensesLn 25$63.4M$55.4M$6.3M$1.7M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $65.1M$63.4M$1.8M$151.0M 990 PDF
FY2024 $64.1M$61.1M$3.0M$142.1M 990 PDF
FY2023 $64.6M$58.2M$6.4M$135.0M 990 PDF
FY2022 $56.5M$56.3M$119K$128.3M 990 PDF
FY2021 $56.5M$51.9M$4.6M$135.6M 990 PDF
FY2020 $59.8M$52.1M$7.8M$113.0M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support M · Noncash J · Pay O · Explanations
See the full FY2025 990 (6 parts)
Part I · Summary $65,124,818 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $4,624,974$4,570,183
I-9 Program service revenuePrior year $54,277,355$56,660,037
I-10 Investment incomePrior year $5,088,024$3,611,918
I-11 Other revenuePrior year $106,857$282,680
I-12 Total revenuePrior year $64,097,210$65,124,818
I-13 Grants and similar amounts paidPrior year $4,913,918$5,197,935
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $39,340,881$41,133,558
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $16,890,942$17,042,561
I-18 Total expensesPrior year $61,145,741$63,374,054
I-19 Revenue less expensesPrior year $2,951,469$1,750,764
Part VI · Governance 19 of 20 board members independent, 1 to look at
VI-1a Voting members of the governing body20
VI-1b Independent voting members19
VI-2 Family or business relationship among officers or directorsYes
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $65,124,818 across 10 lines filed
Lines not itemized here account for $1,026,253 of total revenue; see the IRS return.
VIII-1c Fundraising events$36,761
VIII-1f All other contributions, gifts and grants$4,533,422
VIII-1g Noncash contributions (included above)$849,497
VIII-1h Total contributions, gifts and grants$4,570,183
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $55,754,483$55,754,483
VIII-3 Investment incomeUnrelated business $437,623 · Excluded from tax $1,567,140$2,004,763
VIII-6 Net rental income or lossExcluded from tax $92,964$92,964
VIII-7 Net gain or loss on sales of assetsExcluded from tax $1,607,155$1,607,155
VIII-8 Net income from fundraising eventsExcluded from tax $69,017$69,017
VIII-12 Total revenueRelated to mission $56,780,736 · Unrelated business $437,623 · Excluded from tax $3,336,276$65,124,818
Part IX · Statement of functional expenses $63,374,054 across 22 lines filed
IX-2 Grants to domestic individualsPrograms $5,197,935$5,197,935
IX-5 Pay of current officers, directors and key staffPrograms $294,052 · Management $775,902 · Fundraising $294,052$1,364,006
IX-7 Other salaries and wagesPrograms $27,960,903 · Management $2,425,950 · Fundraising $826,989$31,213,842
IX-8 Pension plan contributionsPrograms $1,920,446 · Management $137,309 · Fundraising $45,653$2,103,408
IX-9 Other employee benefitsPrograms $3,808,301 · Management $368,955 · Fundraising $128,782$4,306,038
IX-10 Payroll taxesPrograms $1,870,627 · Management $204,328 · Fundraising $71,309$2,146,264
IX-11b Legal feesPrograms $4,975 · Management $124,933$129,908
IX-11c Accounting feesManagement $71,647$71,647
IX-11f Investment management feesManagement $625,186$625,186
IX-11g Other fees for servicesPrograms $4,257,103 · Management $329,618 · Fundraising $76,786$4,663,507
IX-12 Advertising and promotionManagement $178,190$178,190
IX-13 Office expensesPrograms $1,208,765 · Management $200,617 · Fundraising $100,902$1,510,284
IX-14 Information technologyPrograms $574,685 · Management $74,629 · Fundraising $1,565$650,879
IX-15 RoyaltiesPrograms $3,307$3,307
IX-16 OccupancyPrograms $1,567,542 · Management $101,392 · Fundraising $36,824$1,705,758
IX-17 TravelPrograms $124,725 · Management $14,829 · Fundraising $5,943$145,497
IX-19 Conferences, conventions and meetingsPrograms $319,141 · Management $37,945 · Fundraising $15,206$372,292
IX-20 InterestPrograms $479,813 · Management $18,357 · Fundraising $702$498,872
IX-22 Depreciation, depletion and amortizationPrograms $4,588,410 · Management $108,037 · Fundraising $28,008$4,724,455
IX-23 InsurancePrograms $47,317 · Management $320,218$367,535
IX-24 Other expenses (24a–d)Programs $884,445 · Management $151,481 · Fundraising $85,621$1,121,547
IX-24e All other expensesPrograms $255,599 · Management $18,098$273,697
IX-25 Total functional expensesPrograms $55,368,091 · Management $6,287,621 · Fundraising $1,718,342$63,374,054
Part X · Balance sheet $183,719,613 assets, 20 lines filed
Asset lines not itemized here account for $1,066,681; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $7,895,710$5,002,781
X-2 Savings and temporary cash investmentsStart of year $6,100,598$9,184,784
X-3 Pledges and grants receivableStart of year $1,237,465$1,008,563
X-4 Accounts receivableStart of year $128,807$95,912
X-8 Inventories for sale or useStart of year $83,408$46,917
X-9 Prepaid expenses and deferred chargesStart of year $857,524$867,304
X-10c Land, buildings and equipment, netStart of year $52,324,917$53,527,101
X-11 Publicly traded securitiesStart of year $30,411,038$40,950,443
X-12 Other securitiesStart of year $70,356,070$69,071,853
X-15 Other assetsStart of year $6,707,351$2,897,274
X-16 Total assetsStart of year $177,169,569$183,719,613
X-17 Accounts payable and accrued expensesStart of year $4,015,029$4,153,059
X-19 Deferred revenueStart of year $4,760,371$4,103,307
X-20 Tax-exempt bond liabilitiesStart of year $24,099,091$22,509,184
X-25 Other liabilitiesStart of year $2,191,870$1,963,805
X-26 Total liabilitiesStart of year $35,066,361$32,729,355
X-27 Net assets without donor restrictionsStart of year $79,833,598$83,805,087
X-28 Net assets with donor restrictionsStart of year $62,269,610$67,185,171
X-32 Total net assets or fund balancesStart of year $142,103,208$150,990,258
X-33 Total liabilities and net assetsStart of year $177,169,569$183,719,613
Part XI · Reconciliation of net assets $150,990,258 net assets at year end
XI-1 Total revenue$65,124,818
XI-2 Total expenses$63,374,054
XI-3 Revenue less expenses$1,750,764
XI-4 Net assets at start of year$142,103,208
XI-5 Net unrealized gains (losses) on investments$7,040,364
XI-9 Other changes in net assets$95,922
XI-10 Net assets at end of year$150,990,258

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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