Stonebridge School: FY2020 Nonprofit Profile & Form 990 (EIN 54-1358212)

Revenue by fiscal year
FY2020	$4.0M
FY2021	$5.4M
FY2022	$5.0M
FY2023	$6.0M
FY2024	$6.2M
FY2025	$7.0M

Expenses by fiscal year
FY2020	$3.8M
FY2021	$4.0M
FY2022	$4.3M
FY2023	$4.7M
FY2024	$5.9M
FY2025	$6.8M

Net assets by fiscal year
FY2020	$3.1M
FY2021	$4.5M
FY2022	$5.1M
FY2023	$6.3M
FY2024	$6.7M
FY2025	$6.9M

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Dec 1986.

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

Where the money goes

73 cents of each dollar spent went to programs.

73%

22%

Program services 73% · $2.8M Management & general 22% · $830K Fundraising 5% · $179K

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

5 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII

Carole Adams

Founder

$0Pt VII · Sec A

Greg Lee

Treasurer

$0Pt VII · Sec A

Glen Nunziata

Vice Chairma

$0Pt VII · Sec A

Eric Plumlee

Chairman

$0Pt VII · Sec A

Chirs Wingard

Secretary

$0Pt VII · Sec A

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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 Christian children using biblical principles to help them discover their value in Christ.

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Provided by the organization

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1 program · $2.8M · in their own filed words · FY2019

01

To provide quality christian education from pre-k to high school

$2.8Mprogram 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

Townebank FoundationFY2024$70K

The Overton Family FoundationFY2024$15K

Folds of Honor FoundationFY2024$11K

Nansemond-Suffolk Educational FoundationFY2024$6K

Total grants receivedfrom 4 funders$102K

See all 4 funders →

Grants paid · 6 grants · $2.4M · 2019–2024

Unitemized GrantFY2024$515,005

Unitemized GrantFY2023$460,167

Unitemized GrantFY2022$389,460

Unitemized GrantFY2021$336,308

Unitemized GrantFY2020$371,365

Unitemized GrantFY2019$371,250

By the numbers

The FY2020 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$4.0M

Ln 12

Fees for servicesLn 2g$3.3M

Gifts and grantsLn 1h$584K

Other incomeLn 4–11$44K

Money outPt IX

$3.8M

Ln 25

Programscol B$2.8M

Managementcol C$830K

Fundraisingcol D$179K

Owns and owesPt X

$3.1M

net assets · Ln 32

Cash and savingsLn 1–2$472K

Total assetsLn 16$4.6M

LiabilitiesLn 26$1.6M

PeoplePt VI, VII

5

listed · VII A

PaidVII A0

Voting boardVI 1a9

IndependentVI 1b9

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$584K

Fees for servicesLn 2g$3.3M

Investment incomeLn 3$10K

Other incomeLn 4–11$44K

Gains on assetsLn 7$2K

Total revenueLn 12$4.0M

Assets in detailPt X, end of year

CashLn 1$405K

SavingsLn 2$67K

Cash and savings togetherLn 1–2$472K

InvestmentsLn 11–13$195K

Land, buildings, equipmentLn 10c$3.8M

Total assetsLn 16$4.6M

LiabilitiesLn 26$1.6M

Net assetsLn 32$3.1M

OperationsPt I, VI

EmployeesI 5107

VolunteersI 69

Fiscal year endsHeaderJune

Conflict-of-interest policyVI 12aYes

Whistleblower policyVI 13No

Records policyVI 14No

3Year over year

Balance sheet, start vs end of yearPt X · col A, B

Line	Start FY20	End FY20
Cash and savingsLn 1–2	$602K	$472K
InvestmentsLn 11–13	$206K	$195K
Land, buildings, equipmentLn 10c	$3.8M	$3.8M
Total assetsLn 16	$4.8M	$4.6M
LiabilitiesLn 26	$1.9M	$1.6M
Net assetsLn 32	$2.9M	$3.1M

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Grants to domestic individualsLn 2	$371K	$371K
Other salaries and wagesLn 7	$2.2M	$1.7M	$388K	$84K
Other employee benefitsLn 9	$75K	$60K	$11K	$3K
Payroll taxesLn 10	$162K	$129K	$26K	$6K
Accounting feesLn 11c	$21K		$21K
Investment management feesLn 11f	$705		$705
Advertising and promotionLn 12	$9K	$4K	$2K	$4K
Office expensesLn 13	$109K	$11K	$91K	$7K
TravelLn 17	$9K		$9K
InterestLn 20	$65K	$5K	$60K	$56
Depreciation, depletion and amortizationLn 22	$138K	$131K	$6K	$1K
InsuranceLn 23	$31K	$28K	$3K	$169
Other expenses (24a–d)Ln 24	$388K	$300K	$87K	$887
All other expensesLn 24e	$221K	$23K	$126K	$72K
Total functional expensesLn 25	$3.8M	$2.8M	$830K	$179K

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2025 Latest	$7.0M	$6.8M	$182K	$6.9M	990 PDF
FY2024	$6.2M	$5.9M	$342K	$6.7M	990 PDF
FY2023	$6.0M	$4.7M	$1.2M	$6.3M	990 PDF
FY2022	$5.0M	$4.3M	$619K	$5.1M	990 PDF
FY2021	$5.4M	$4.0M	$1.4M	$4.5M	990 PDF
FY2020 Viewing	$4.0M	$3.8M	$191K	$3.1M	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 O · Explanations

See the full FY2020 990 (6 parts)

Part I · Summary $3,985,496 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $691,579$583,991

I-9 Program service revenuePrior year $3,378,001$3,346,774

I-10 Investment incomePrior year $10,287$10,434

I-11 Other revenuePrior year $56,472$44,297

I-12 Total revenuePrior year $4,136,339$3,985,496

I-13 Grants and similar amounts paidPrior year $374,235$371,250

I-14 Benefits paid to members$0

I-15 Salaries and benefitsPrior year $2,336,849$2,430,249

I-16a Professional fundraising fees$0

I-17 Other expensesPrior year $988,524$993,232

I-18 Total expensesPrior year $3,699,608$3,794,731

I-19 Revenue less expensesPrior year $436,731$190,765

Part VI · Governance 9 of 9 board members independent, 2 to look at

VI-1a Voting members of the governing body9

VI-1b Independent voting members9

VI-13 Written whistleblower policyNo

VI-14 Document retention and destruction policyNo

VI-2 Family or business relationship among officers or directorsNo

VI-12a Written conflict of interest policyYes

VI-15a Process for setting top official's payYes

Part VIII · Statement of revenue $3,985,496 across 8 lines filed

Lines not itemized here account for $234,527 of total revenue; see the IRS return.

VIII-1f All other contributions, gifts and grants$583,991

VIII-1h Total contributions, gifts and grants$583,991

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $3,112,247$3,112,247

VIII-3 Investment incomeExcluded from tax $8,891$8,891

VIII-6 Net rental income or lossExcluded from tax $38,397$38,397

VIII-7 Net gain or loss on sales of assetsRelated to mission $1,543$1,543

VIII-8 Net income from fundraising eventsExcluded from tax $5,900$5,900

VIII-12 Total revenueRelated to mission $3,348,317 · Excluded from tax $53,188$3,985,496

Part IX · Statement of functional expenses $3,794,731 across 14 lines filed

IX-2 Grants to domestic individualsPrograms $371,250$371,250

IX-7 Other salaries and wagesPrograms $1,721,900 · Management $388,171 · Fundraising $83,797$2,193,868

IX-9 Other employee benefitsPrograms $60,365 · Management $11,464 · Fundraising $2,866$74,695

IX-10 Payroll taxesPrograms $129,350 · Management $25,869 · Fundraising $6,467$161,686

IX-11c Accounting feesManagement $21,139$21,139

IX-11f Investment management feesManagement $705$705

IX-12 Advertising and promotionPrograms $3,595 · Management $1,535 · Fundraising $4,205$9,335

IX-13 Office expensesPrograms $11,324 · Management $91,106 · Fundraising $6,989$109,419

IX-17 TravelManagement $8,927$8,927

IX-20 InterestPrograms $5,336 · Management $59,625 · Fundraising $56$65,017

IX-22 Depreciation, depletion and amortizationPrograms $131,460 · Management $5,535 · Fundraising $1,384$138,379

IX-23 InsurancePrograms $27,840 · Management $3,139 · Fundraising $169$31,148

IX-24 Other expenses (24a–d)Programs $299,842 · Management $87,175 · Fundraising $887$387,904

IX-24e All other expensesPrograms $23,096 · Management $125,789 · Fundraising $72,374$221,259

IX-25 Total functional expensesPrograms $2,785,358 · Management $830,179 · Fundraising $179,194$3,794,731

Part X · Balance sheet $4,627,450 assets, 17 lines filed

X-1 Cash, non-interest-bearingStart of year $32,500$405,120

X-2 Savings and temporary cash investmentsStart of year $569,412$66,517

X-3 Pledges and grants receivableStart of year $192,209$120,470

X-4 Accounts receivableStart of year $6,529$37,704

X-9 Prepaid expenses and deferred charges$407

X-10c Land, buildings and equipment, netStart of year $3,792,369$3,802,137

X-11 Publicly traded securitiesStart of year $205,501$195,095

X-16 Total assetsStart of year $4,798,520$4,627,450

X-17 Accounts payable and accrued expensesStart of year $72,297$46,307

X-19 Deferred revenueStart of year $114,857$56,059

X-24 Unsecured notes and loans payable$484,000

X-25 Other liabilitiesStart of year $127,609$135,985

X-26 Total liabilitiesStart of year $1,895,219$1,551,321

X-27 Net assets without donor restrictionsStart of year $2,065,365$2,110,291

X-28 Net assets with donor restrictionsStart of year $837,936$965,838

X-32 Total net assets or fund balancesStart of year $2,903,301$3,076,129

X-33 Total liabilities and net assetsStart of year $4,798,520$4,627,450

Part XI · Reconciliation of net assets $3,076,129 net assets at year end

XI-1 Total revenue$3,985,496

XI-2 Total expenses$3,794,731

XI-3 Revenue less expenses$190,765

XI-4 Net assets at start of year$2,903,301

XI-5 Net unrealized gains (losses) on investments−$17,937

XI-10 Net assets at end of year$3,076,129

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

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Stonebridge School FY2020 filing

Before you give

Is it real?

Where the money goes

Who runs it and what they're paid

Questions the 990 asks

Programs and updates

Questions for Stonebridge School

Funders

Grants

By the numbers

Filing history

Schedules filed Part IV