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.
$1.9M paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2020 · 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
$1.9M
to officers and key staff · 4% of spending
Looks good: pay to officers and key staff is 4% of spending; 15% or less.
Pt VII · Sec A
5 mo
of spending, in cash
Plus $62.5M in investments, Pt X · Ln 11–13
Looks good: 5.0 months of spending in cash; 3 or more.
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
$45.2M
29% of total assets
Looks good: liabilities are 29% of assets; 50% or less.
Pt X · Ln 26
Independent board members
24
of 25 voting members
Looks good: 24 of 25 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$59.8M
Spent
$52.1M
To programs
87%
Net assets
$113.0M
By yearFY2020–FY2025
Revenue
$59.8M
FY2020
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
$52.1M
FY2020
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
$113.0M
FY2020
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 FY2020 Form 990 (year ending June 2020) · figures checked against the IRS filing · see the original

Give Claim
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2025) →

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% · $45.5M Management & general 10% · $5.1M Fundraising 3% · $1.4M

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

Something off? Claim to add context

Who runs it and what they're paid

35 people listed on the 990; $1.9M paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
Former President/Head of School
$534,223Pt VII · Sec A
President/Head of School
$316,222Pt VII · Sec A
Treasurer/ VP of Finance
$251,667Pt VII · Sec A
Chief Academic Officer
$156,337Pt VII · Sec A
Head of Upper School
$146,279Pt VII · Sec A
VP of Development
$144,310Pt VII · Sec A
Athletic Director
$133,896Pt VII · Sec A
Head of Lower School
$132,154Pt 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 →

On this list? Claim this org

Something off? Claim to add context

Questions the 990 asks

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

  • Family or business ties among officersPt VI · Ln 2No
  • 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

Tap to ask. The Collegiate School sees how many people are interested.

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

Provided by the organization

Know this org? Add your story

3 programs · $45.5M · in their own filed words · FY2019
01

Instructional

Collegiate school provided junior kindergarten through twelfth grade education to approximately 1,696 students. The following statistics for the graduating class of 2020 highlight the quality of the academic and athletic programs that collegiate offers.

$41.8Mprogram expense
02

Auxiliaries

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 care, and private music instruction, among others.

$2.7Mprogram expense
03

Public Service

The school offers a summer economics institute, summer programs, and several youth sports and adult sports programs to the greater richmond community.

$953Kprogram 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 FY2020 990, line by line.

1The main four
Money inPt VIII
$59.8M
Ln 12
Fees for servicesLn 2g$45.9M
Investment incomeLn 3$10.6M
Gifts and grantsLn 1h$3.1M
Money outPt IX
$52.1M
Ln 25
Programscol B$45.5M
Managementcol C$5.1M
Fundraisingcol D$1.4M
Owns and owesPt X
$113.0M
net assets · Ln 32
Cash and savingsLn 1–2$21.6M
Total assetsLn 16$158.2M
LiabilitiesLn 26$45.2M
PeoplePt VI, VII
35
listed · VII A
PaidVII A9
Voting boardVI 1a25
IndependentVI 1b24
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$3.1M
Noncash giftsLn 1g$384K
Fundraising eventsLn 1c$245K
Fees for servicesLn 2g$45.9M
Investment incomeLn 3$10.6M
Other incomeLn 4–11$237K
Gains on assetsLn 7$9.6M
Total revenueLn 12$59.8M
Assets in detailPt X, end of year
CashLn 1$6.2M
SavingsLn 2$15.4M
Cash and savings togetherLn 1–2$21.6M
InvestmentsLn 11–13$62.5M
Land, buildings, equipmentLn 10c$61.2M
Other assetsLn 15$2.6M
Total assetsLn 16$158.2M
LiabilitiesLn 26$45.2M
Net assetsLn 32$113.0M
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 FY20End FY20
Cash and savingsLn 1–2$18.6M$21.6M
InvestmentsLn 11–13$60.3M$62.5M
Land, buildings, equipmentLn 10c$63.3M$61.2M
Total assetsLn 16$158.0M$158.2M
LiabilitiesLn 26$44.3M$45.2M
Net assetsLn 32$113.8M$113.0M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$4.0M$4.0M
Pay of current officers, directors and key staffLn 5$727K$727K
Other salaries and wagesLn 7$22.9M$20.4M$1.8M$770K
Pension plan contributionsLn 8$1.7M$1.5M$144K$57K
Other employee benefitsLn 9$6.6M$5.7M$598K$295K
Payroll taxesLn 10$1.7M$1.5M$152K$52K
Legal feesLn 11b$66K$66K
Accounting feesLn 11c$60K$60K
Professional fundraising feesLn 11e$11K$11K
Investment management feesLn 11f$269K$269K
Other fees for servicesLn 11g$2.4M$2.1M$351K$30K
Office expensesLn 13$1.8M$1.4M$333K
Information technologyLn 14$746K$666K$79K$818
RoyaltiesLn 15$3K$3K
OccupancyLn 16$679K$658K$17K$4K
TravelLn 17$232K$200K$23K$10K
Conferences, conventions and meetingsLn 19$136K$115K$14K$7K
InterestLn 20$1.2M$1.2M$33K$2K
Depreciation, depletion and amortizationLn 22$5.6M$5.4M$139K$28K
InsuranceLn 23$258K$37K$220K$92
Other expenses (24a–d)Ln 24$362K$318K$39K$5K
All other expensesLn 24e$548K$289K$98K$160K
Total functional expensesLn 25$52.1M$45.5M$5.1M$1.4M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $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 Viewing $59.8M$52.1M$7.8M$113.0M 990 PDF

More to add? Claim this org

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 FY2020 990 (6 parts)
Part I · Summary $59,848,503 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $2,671,169$3,087,805
I-9 Program service revenuePrior year $45,572,119$45,911,337
I-10 Investment incomePrior year $13,401,668$10,612,201
I-11 Other revenuePrior year $249,229$237,160
I-12 Total revenuePrior year $61,894,185$59,848,503
I-13 Grants and similar amounts paidPrior year $3,944,874$4,026,972
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $33,704,678$33,694,758
I-16a Professional fundraising feesPrior year $51,939$11,225
I-17 Other expensesPrior year $15,810,084$14,348,297
I-18 Total expensesPrior year $53,511,575$52,081,252
I-19 Revenue less expensesPrior year $8,382,610$7,767,251
Part VI · Governance 24 of 25 board members independent, no flags
VI-1a Voting members of the governing body25
VI-1b Independent voting members24
VI-2 Family or business relationship among officers or directorsNo
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 $59,848,503 across 11 lines filed
Lines not itemized here account for $1,128,520 of total revenue; see the IRS return.
VIII-1c Fundraising events$245,446
VIII-1d Related organizations$5,000
VIII-1f All other contributions, gifts and grants$2,837,359
VIII-1g Noncash contributions (included above)$384,321
VIII-1h Total contributions, gifts and grants$3,087,805
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $45,021,284$45,021,284
VIII-3 Investment incomeUnrelated business −$230,058 · Excluded from tax $1,225,662$995,604
VIII-6 Net rental income or lossExcluded from tax $67,683$67,683
VIII-7 Net gain or loss on sales of assetsExcluded from tax $9,616,597$9,616,597
VIII-8 Net income from fundraising eventsExcluded from tax −$68,990−$68,990
VIII-12 Total revenueRelated to mission $46,089,642 · Unrelated business −$214,922 · Excluded from tax $10,885,978$59,848,503
Part IX · Statement of functional expenses $52,081,252 across 22 lines filed
IX-2 Grants to domestic individualsPrograms $4,026,972$4,026,972
IX-5 Pay of current officers, directors and key staffManagement $726,889$726,889
IX-7 Other salaries and wagesPrograms $20,405,039 · Management $1,765,755 · Fundraising $770,409$22,941,203
IX-8 Pension plan contributionsPrograms $1,545,668 · Management $143,679 · Fundraising $57,356$1,746,703
IX-9 Other employee benefitsPrograms $5,712,850 · Management $597,614 · Fundraising $294,625$6,605,089
IX-10 Payroll taxesPrograms $1,470,922 · Management $151,509 · Fundraising $52,443$1,674,874
IX-11b Legal feesManagement $65,996$65,996
IX-11c Accounting feesManagement $59,610$59,610
IX-11e Professional fundraising feesFundraising $11,225$11,225
IX-11f Investment management feesManagement $268,842$268,842
IX-11g Other fees for servicesPrograms $2,058,917 · Management $350,555 · Fundraising $29,756$2,439,228
IX-13 Office expensesPrograms $1,433,200 · Management $333,448$1,766,648
IX-14 Information technologyPrograms $665,832 · Management $79,397 · Fundraising $818$746,047
IX-15 RoyaltiesPrograms $2,710$2,710
IX-16 OccupancyPrograms $658,453 · Management $17,251 · Fundraising $3,535$679,239
IX-17 TravelPrograms $199,540 · Management $22,913 · Fundraising $9,596$232,049
IX-19 Conferences, conventions and meetingsPrograms $115,275 · Management $13,826 · Fundraising $6,637$135,738
IX-20 InterestPrograms $1,162,038 · Management $33,052 · Fundraising $2,291$1,197,381
IX-22 Depreciation, depletion and amortizationPrograms $5,420,444 · Management $138,739 · Fundraising $28,426$5,587,609
IX-23 InsurancePrograms $37,262 · Management $220,290 · Fundraising $92$257,644
IX-24 Other expenses (24a–d)Programs $317,684 · Management $39,491 · Fundraising $4,669$361,844
IX-24e All other expensesPrograms $289,433 · Management $97,981 · Fundraising $160,298$547,712
IX-25 Total functional expensesPrograms $45,522,239 · Management $5,126,837 · Fundraising $1,432,176$52,081,252
Part X · Balance sheet $158,195,585 assets, 20 lines filed
X-1 Cash, non-interest-bearingStart of year $3,363,710$6,242,708
X-2 Savings and temporary cash investmentsStart of year $15,283,643$15,361,725
X-3 Pledges and grants receivableStart of year $8,789,285$8,184,361
X-4 Accounts receivableStart of year $556,482$304,207
X-8 Inventories for sale or useStart of year $80,634$86,241
X-9 Prepaid expenses and deferred chargesStart of year $770,476$1,687,747
X-10c Land, buildings and equipment, netStart of year $63,256,608$61,241,071
X-11 Publicly traded securitiesStart of year $16,627,751$12,237,525
X-12 Other securitiesStart of year $43,649,698$50,293,628
X-15 Other assetsStart of year $5,639,357$2,556,372
X-16 Total assetsStart of year $158,017,644$158,195,585
X-17 Accounts payable and accrued expensesStart of year $5,046,469$5,222,552
X-19 Deferred revenueStart of year $3,425,359$7,311,949
X-20 Tax-exempt bond liabilitiesStart of year $32,403,688$29,398,052
X-25 Other liabilitiesStart of year $3,335,346$3,226,850
X-26 Total liabilitiesStart of year $44,261,162$45,184,553
X-27 Net assets without donor restrictionsStart of year $64,773,536$63,590,184
X-28 Net assets with donor restrictionsStart of year $48,982,946$49,420,848
X-32 Total net assets or fund balancesStart of year $113,756,482$113,011,032
X-33 Total liabilities and net assetsStart of year $158,017,644$158,195,585
Part XI · Reconciliation of net assets $113,011,032 net assets at year end
XI-1 Total revenue$59,848,503
XI-2 Total expenses$52,081,252
XI-3 Revenue less expenses$7,767,251
XI-4 Net assets at start of year$113,756,482
XI-5 Net unrealized gains (losses) on investments−$8,422,083
XI-9 Other changes in net assets−$90,618
XI-10 Net assets at end of year$113,011,032

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

Similar organizations you could support · Compare with another nonprofit

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

Your org? Add context

Made it to the end? Claim this org

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the pay comparisons above.