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St Catherine's School Foundation

Tax-deductible

Richmond, VA501(c)(3)Since 1958EducationEIN 54-6036896Revenue $12.1M in FY2025

On file with the IRS6001 Grove Ave, 23226-2603 · Richmond, VATax-exempt since Apr 1962Publicly supported charity — 170(b)(1)(A)(vi)

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The mission of the Foundation is to raise funds and manage assets in support of St. Catherine's School, a church School in the episcopal diocese of virginia. The School offers girls age 3 through grade twelve rigorous college preparatory education through a community of teachers and staff committed to fostering the development of the mind, body and spirit.

501(c)(3) charity; gifts are tax-deductible.
95¢ of each $1 spent went to programs.
Run by 11 volunteers.
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
2 of 5
filings with a surplus
Average deficit $42K a year · under 1% of revenue · last 5 filings
Concern: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
95%
of spending
Looks good: 95% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
3 mo
of spending, in cash
Looks good: 3.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
4
named funders · $47K
Looks good: 4 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$1.6M
3% of total assets
Looks good: liabilities are 3% of assets; 50% or less.
Pt X · Ln 26
Independent board members
11
of 13 voting members
Looks good: 11 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
$12.1M
+52% vs prior year
Spent
$7.5M
To programs
95%
Net assets
$57.0M
By yearFY2021–FY2025
Revenue
$12.1M
FY2025▲ +52%
Tap a bar for its year
Revenue by fiscal year
FY2021$8.9M
FY2022$10.9M
FY2023$8.2M
FY2024$7.9M
FY2025$12.1M
Expenses
$7.5M
FY2025▲ +8%
Tap a bar for its year
Expenses by fiscal year
FY2021$11.3M
FY2022$13.9M
FY2023$8.5M
FY2024$7.0M
FY2025$7.5M
Net assets
$57.0M
FY2025▲ +1%
Tap a bar for its year
Net assets by fiscal year
FY2021$63.4M
FY2022$51.3M
FY2023$54.7M
FY2024$56.2M
FY2025$57.0M

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

Form 990 (PDF) Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Apr 1962.

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

Where the money goes

95 cents of each dollar spent went to programs.

Program services 95% · $7.2M Management & general 5% · $348K

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

13 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
$0Pt VII · Sec A
Lori H Fuller
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
Cindy Trask
Trustee/Head of School
$0Pt VII · Sec A
Lane Sanderson
Chairman Board of Governors
$0Pt VII · Sec A
Elizabeth Valentine
Vice Chairman Board of Governors
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See St Catherine's School Foundation 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 15aNo

Programs and updates

Supports the welfare and development of St. Catherine's School.

Questions for St Catherine's School Foundation

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Provided by the organization

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1 program · $7.2M · in their own filed words · FY2024
01

The foundation makes grants to ST. Catherine's school to enable the school to provide scholarships to needy students and support its faculty and staff. ST. Catherine's school currently enrolls 959 students, with more than $3 million in financial assistance awarded.

$7.2Mprogram 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 · FY2025
T Rowe Price Program for Charitable Giving INCFY2025$23K
Fatherree FoundationFY2025$20K
The Chericoke FoundationFY2025$4K
Micawber Foundation INCFY2025$750
Total grants receivedfrom 4 funders$47K
See all 4 funders →
Grants paid · 25 grants · $46.3M · 2020–2024
St Catherine's SchoolVA · FY2024$4,833,181
St Catherine's SchoolVA · FY2024$989,197
St Catherine's SchoolVA · FY2024$777,096
St Catherine's SchoolVA · FY2024$471,882
St Catherine's SchoolVA · FY2024$106,000
St Catherine's SchoolVA · FY2023$3,393,054
St Catherine's SchoolVA · FY2023$1,773,422
St Catherine's SchoolVA · FY2023$797,634
St Catherine's SchoolVA · FY2023$479,564
St Catherine's SchoolVA · FY2023$100,000
St Catherine's SchoolVA · FY2022$5,668,304
St Catherine's SchoolVA · FY2022$1,137,674
St Catherine's SchoolVA · FY2022$786,271
St Catherine's SchoolVA · FY2022$470,866
St Catherine's SchoolVA · FY2022$87,518
St Catherine's SchoolVA · FY2021$9,736,922
St Catherine's SchoolVA · FY2021$1,657,183
St Catherine's SchoolVA · FY2021$1,081,190
See all 25 grants →

By the numbers

The FY2025 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$12.1M
Ln 12
Investment incomeLn 3$9.0M
Gifts and grantsLn 1h$3.0M
Other incomeLn 4–11$13K
Money outPt IX
$7.5M
Ln 25
Programscol B$7.2M
Managementcol C$348K
Owns and owesPt X
$57.0M
net assets · Ln 32
Cash and savingsLn 1–2$2.0M
Total assetsLn 16$58.6M
LiabilitiesLn 26$1.6M
PeoplePt VI, VII
13
listed · VII A
PaidVII A0
Voting boardVI 1a13
IndependentVI 1b11
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$3.0M
Noncash giftsLn 1g$347K
Investment incomeLn 3$9.0M
Other incomeLn 4–11$13K
Gains on assetsLn 7$8.2M
Total revenueLn 12$12.1M
Assets in detailPt X, end of year
SavingsLn 2$2.0M
Cash and savings togetherLn 1–2$2.0M
InvestmentsLn 11–13$41.7M
Land, buildings, equipmentLn 10c$5.9M
Other assetsLn 15$6.3M
Total assetsLn 16$58.6M
LiabilitiesLn 26$1.6M
Net assetsLn 32$57.0M
OperationsPt I, VI
EmployeesI 50
VolunteersI 611
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$1.7M$2.0M
InvestmentsLn 11–13$45.0M$41.7M
Land, buildings, equipmentLn 10c$6.2M$5.9M
Total assetsLn 16$59.0M$58.6M
LiabilitiesLn 26$2.8M$1.6M
Net assetsLn 32$56.2M$57.0M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$7.2M$7.2M
Legal feesLn 11b$29K$29K
Accounting feesLn 11c$45K$45K
Investment management feesLn 11f$250K$250K
Depreciation, depletion and amortizationLn 22$24K$24K
Total functional expensesLn 25$7.5M$7.2M$348K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $12.1M$7.5M$4.5M$57.0M 990 PDF
FY2024 $7.9M$7.0M$941K$56.2M 990 PDF
FY2023 $8.2M$8.5M−$231K$54.7M 990 PDF
FY2022 $10.9M$13.9M−$3.1M$51.3M 990 PDF
FY2021 $8.9M$11.3M−$2.4M$63.4M 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 (6 parts)
Part I · Summary $12,063,151 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $3,694,277$3,018,131
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $4,199,313$9,032,023
I-11 Other revenuePrior year $24,619$12,997
I-12 Total revenuePrior year $7,918,209$12,063,151
I-13 Grants and similar amounts paidPrior year $6,543,674$7,177,356
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $433,618$347,619
I-18 Total expensesPrior year $6,977,292$7,524,975
I-19 Revenue less expensesPrior year $940,917$4,538,176
Part VI · Governance 11 of 13 board members independent, 1 to look at
VI-1a Voting members of the governing body13
VI-1b Independent voting members11
VI-15a Process for setting top official's payNo
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
Part VIII · Statement of revenue $12,063,151 across 7 lines filed
Lines not itemized here account for $11,788 of total revenue; see the IRS return.
VIII-1f All other contributions, gifts and grants$3,018,131
VIII-1g Noncash contributions (included above)$347,279
VIII-1h Total contributions, gifts and grants$3,018,131
VIII-3 Investment incomeUnrelated business −$1,666 · Excluded from tax $880,511$878,845
VIII-7 Net gain or loss on sales of assetsExcluded from tax $8,153,178$8,153,178
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $1,209$1,209
VIII-12 Total revenueRelated to mission $0 · Unrelated business −$1,666 · Excluded from tax $9,046,686$12,063,151
Part IX · Statement of functional expenses $7,524,975 across 5 lines filed
IX-1 Grants to domestic organizationsPrograms $7,177,356$7,177,356
IX-11b Legal feesManagement $29,083$29,083
IX-11c Accounting feesManagement $45,287$45,287
IX-11f Investment management feesManagement $249,634$249,634
IX-22 Depreciation, depletion and amortizationManagement $23,615$23,615
IX-25 Total functional expensesPrograms $7,177,356 · Management $347,619 · Fundraising $0$7,524,975
Part X · Balance sheet $58,594,373 assets, 14 lines filed
Asset lines not itemized here account for $744,158; see the IRS return.
X-2 Savings and temporary cash investmentsStart of year $1,740,337$2,024,470
X-3 Pledges and grants receivableStart of year $2,319,592$1,920,381
X-10c Land, buildings and equipment, netStart of year $6,195,248$5,905,620
X-11 Publicly traded securitiesStart of year $14,042,665$16,570,082
X-12 Other securitiesStart of year $30,944,292$25,101,145
X-15 Other assetsStart of year $2,510,424$6,328,517
X-16 Total assetsStart of year $58,995,209$58,594,373
X-19 Deferred revenueStart of year $1,591,636$1,001,687
X-25 Other liabilitiesStart of year $959,601$390,825
X-26 Total liabilitiesStart of year $2,757,350$1,631,005
X-27 Net assets without donor restrictionsStart of year $16,094,437$15,698,412
X-28 Net assets with donor restrictionsStart of year $40,143,422$41,264,956
X-32 Total net assets or fund balancesStart of year $56,237,859$56,963,368
X-33 Total liabilities and net assetsStart of year $58,995,209$58,594,373
Part XI · Reconciliation of net assets $56,963,368 net assets at year end
XI-1 Total revenue$12,063,151
XI-2 Total expenses$7,524,975
XI-3 Revenue less expenses$4,538,176
XI-4 Net assets at start of year$56,237,859
XI-5 Net unrealized gains (losses) on investments−$3,860,663
XI-9 Other changes in net assets$47,996
XI-10 Net assets at end of year$56,963,368

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

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