Carlisle School

Tax-deductible

Martinsville, VA501(c)(3)EducationEIN 54-0841622

To provide private education for grade pre-school throgh grade 12

501(c)(3) charity; gifts are tax-deductible.
69¢ of each $1 spent went to programs.
$119K 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

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
2 of 6
filings with a surplus
Average surplus $71K a year · 1% of revenue · last 6 filings
Worth a look: a surplus in 2 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
69%
of spending
Fine: 69% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$119K
to officers and key staff · 3% of spending
Top officer’s pay lower than 56% of similar orgs
Looks good: pay to officers and key staff is 3% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
5 mo
of spending, in cash
Looks good: 4.9 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
10
named funders · $92K
Looks good: 10 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$1.8M
32% of total assets
Looks good: liabilities are 32% of assets; 50% or less.
Pt X · Ln 26
Independent board members
13
of 13 voting members
Looks good: 13 of 13 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$4.5M
-5% vs prior year
Spent
$4.7M
To programs
69%
Net assets
$3.8M
By yearFY2020–FY2025
Revenue
$4.5M
FY2025▼ -5%
Revenue by fiscal year
FY2020$4.8M
FY2021$5.4M
FY2022$5.1M
FY2023$4.3M
FY2024$4.8M
FY2025$4.5M
Expenses
$4.7M
FY2025▼ -3%
Expenses by fiscal year
FY2020$5.3M
FY2021$4.5M
FY2022$4.5M
FY2023$4.7M
FY2024$4.9M
FY2025$4.7M
Net assets
$3.8M
FY2025▼ -3%
Net assets by fiscal year
FY2020$2.7M
FY2021$3.9M
FY2022$4.2M
FY2023$3.9M
FY2024$3.9M
FY2025$3.8M

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 Jan 1969.

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

Where the money goes

69 cents of each dollar spent went to programs.

Program services 69% · $3.2M Management & general 31% · $1.5M

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

Who runs it and what they're paid

17 people listed on the 990; $119K 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
$118,750Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Immediate Past President
$0Pt VII · Sec A
Past President
$0Pt VII · Sec A
Past President
$0Pt VII · Sec A
Past President
$0Pt VII · Sec A
$0Pt VII · Sec A

Barbara Neal Hardy-Meyer’s $119K as Head of School is at the 44th percentile of top reported officer pay among 3395 $1–10M 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 · 3 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Gracie Agnew——$125,000$125,000$125,000$124,583
Barbara Neal Hardy-Meyer$118,750$102,917————
Mary Lewis Johnston————$160$320

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 Carlisle 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 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Educates students from pre-school through 12th grade.

Provided by the organization

This section is blank until Carlisle School claims this page.

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3 program services account for $3.2M of program spending, described in the organization's own filed words · FY2024.
01

Day school for boys and girls

$3.2Mprogram expense
02

Need-based financial aid programs for students (non-discriminatory) scholarship service provides scholarship based on needs

Pt IX · col B
03

Transportation for Students

Full bus service to and from school from martinsville and the surrounding areas

Pt IX · col B

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Funders

Who pays for it.

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

Grants

Schedule I · funders on record
Grants received · FY2024
See all 10 funders →

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$4.5M
Ln 12
Fees for servicesLn 2g$3.5M
Gifts and grantsLn 1h$636K
Other incomeLn 4–11$254K
Money outPt IX
$4.7M
Ln 25
Programscol B$3.2M
Managementcol C$1.5M
Owns and owesPt X
$3.8M
net assets · Ln 32
Cash and savingsLn 1–2$1.9M
Total assetsLn 16$5.6M
LiabilitiesLn 26$1.8M
PeoplePt VI, VII
17
listed · VII A
PaidVII A1
Voting boardVI 1a13
IndependentVI 1b13
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$636K
Fees for servicesLn 2g$3.5M
Investment incomeLn 3$153K
Other incomeLn 4–11$254K
Gains on assetsLn 7$30K
Total revenueLn 12$4.5M
Assets in detailPt X, end of year
CashLn 1$150
SavingsLn 2$1.9M
Cash and savings togetherLn 1–2$1.9M
InvestmentsLn 11–13$1.7M
Land, buildings, equipmentLn 10c$1.8M
Total assetsLn 16$5.6M
LiabilitiesLn 26$1.8M
Net assetsLn 32$3.8M
OperationsPt I, VI
EmployeesI 5112
VolunteersI 60
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$1.8M$1.9M
InvestmentsLn 11–13$1.5M$1.7M
Land, buildings, equipmentLn 10c$2.0M$1.8M
Total assetsLn 16$5.5M$5.6M
LiabilitiesLn 26$1.5M$1.8M
Net assetsLn 32$3.9M$3.8M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$738K$738K
Pay of current officers, directors and key staffLn 5$119K$89K$30K
Other salaries and wagesLn 7$2.6M$1.8M$796K
Investment management feesLn 11f$10K$10K
Other fees for servicesLn 11g$26K$26K
Office expensesLn 13$40K$40K
Information technologyLn 14$46K$35K$12K
OccupancyLn 16$167K$125K$42K
TravelLn 17$25K$13K$11K
InterestLn 20$3K$3K
Depreciation, depletion and amortizationLn 22$331K$331K
InsuranceLn 23$73K$55K$18K
Other expenses (24a–d)Ln 24$387K$269K$118K
All other expensesLn 24e$133K$91K$42K
Total functional expensesLn 25$4.7M$3.2M$1.5M$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $4.5M$4.7M−$200K$3.8M 990 PDF
FY2024 $4.8M$4.9M−$78K$3.9M 990 PDF
FY2023 $4.3M$4.7M−$403K$3.9M 990 PDF
FY2022 $5.1M$4.5M$658K$4.2M 990 PDF
FY2021 $5.4M$4.5M$967K$3.9M 990 PDF
FY2020 $4.8M$5.3M−$519K$2.7M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2025 990 (4 parts)
Part VIII · Statement of revenue $4,521,145 across 7 lines filed
Lines not itemized here account for $390,962 of total revenue; see the IRS return.
VIII-1f All other contributions, gifts and grants$636,317
VIII-1h Total contributions, gifts and grants$636,317
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $3,198,803$3,198,803
VIII-3 Investment incomeRelated to mission $122,592$122,592
VIII-7 Net gain or loss on sales of assetsRelated to mission $30,385$30,385
VIII-8 Net income from fundraising eventsExcluded from tax $142,086$142,086
VIII-12 Total revenueRelated to mission $3,742,742 · Unrelated business $0 · Excluded from tax $142,086$4,521,145
Part IX · Statement of functional expenses $4,721,028 across 14 lines filed
IX-2 Grants to domestic individualsPrograms $737,829$737,829
IX-5 Pay of current officers, directors and key staffPrograms $89,063 · Management $29,687$118,750
IX-7 Other salaries and wagesPrograms $1,827,643 · Management $796,335$2,623,978
IX-11f Investment management feesManagement $9,812$9,812
IX-11g Other fees for servicesManagement $25,532$25,532
IX-13 Office expensesManagement $39,572$39,572
IX-14 Information technologyPrograms $34,619 · Management $11,540$46,159
IX-16 OccupancyPrograms $125,411 · Management $41,804$167,215
IX-17 TravelPrograms $13,303 · Management $11,409$24,712
IX-20 InterestManagement $3,136$3,136
IX-22 Depreciation, depletion and amortizationManagement $331,345$331,345
IX-23 InsurancePrograms $55,016 · Management $18,339$73,355
IX-24 Other expenses (24a–d)Programs $268,741 · Management $118,196$386,937
IX-24e All other expensesPrograms $90,691 · Management $42,005$132,696
IX-25 Total functional expensesPrograms $3,242,316 · Management $1,478,712 · Fundraising $0$4,721,028
Part X · Balance sheet $5,600,390 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $152$150
X-2 Savings and temporary cash investmentsStart of year $1,831,542$1,935,375
X-4 Accounts receivableStart of year $98,259$132,790
X-9 Prepaid expenses and deferred chargesStart of year $10,886$33,931
X-10c Land, buildings and equipment, netStart of year $1,999,575$1,779,446
X-11 Publicly traded securitiesStart of year $1,535,907$1,718,698
X-16 Total assetsStart of year $5,476,321$5,600,390
X-17 Accounts payable and accrued expensesStart of year $472,021$551,753
X-19 Deferred revenueStart of year $1,004,076$1,187,138
X-26 Total liabilitiesStart of year $1,528,394$1,768,380
X-27 Net assets without donor restrictionsStart of year $2,861,282$2,595,421
X-28 Net assets with donor restrictionsStart of year $1,086,645$1,236,589
X-32 Total net assets or fund balancesStart of year $3,947,927$3,832,010
X-33 Total liabilities and net assetsStart of year $5,476,321$5,600,390
Part XI · Reconciliation of net assets $3,832,010 net assets at year end
XI-1 Total revenue$4,521,145
XI-2 Total expenses$4,721,028
XI-3 Revenue less expenses−$199,883
XI-4 Net assets at start of year$3,947,927
XI-5 Net unrealized gains (losses) on investments$83,966
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$3,832,010

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

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