St Catherine's School Foundation FY2021 filing

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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.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2021 · 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
2 mo
of spending, in cash
Plus $50.7M in investments, Pt X · Ln 11–13
Fine: 1.7 months of spending in cash; 1 to 3.
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
$2.4M
4% of total assets
Looks good: liabilities are 4% of assets; 50% or less.
Pt X · Ln 26
Independent board members
11
of 11 voting members
Looks good: 11 of 11 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$8.9M
Spent
$11.3M
To programs
95%
Net assets
$63.4M
By yearFY2021–FY2025
Revenue
$8.9M
FY2021
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
$11.3M
FY2021
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
$63.4M
FY2021
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 FY2021 Form 990 (year ending June 2021) · figures checked against the IRS filing · see the original

990 PDF Claim
You’re viewing the FY2021 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 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% · $10.8M Management & general 5% · $521K

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

12 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
President
$0Pt VII · Sec A
$0Pt VII · Sec A
Chairman Board of Governors
$0Pt VII · Sec A
Vice Chairman Board of Gov
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Trustee
$0Pt VII · Sec A
$0Pt VII · Sec A
See St Catherine's School Foundation executive salaries →

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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1 program · $10.8M · in their own filed words · FY2020
01

The foundation makes grants to ST. Catherine's school to enable the school to provide scholarships to needy students and support its faculty. ST. Catherine's school currently enrolls in excess of 945 students, with more than $3.2 million in financial assistance awarded.

$10.8Mprogram 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 · FY2025
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 FY2021 990, line by line.

1The main four
Money inPt VIII
$8.9M
Ln 12
Gifts and grantsLn 1h$7.9M
Investment incomeLn 3$1.0M
Money outPt IX
$11.3M
Ln 25
Programscol B$10.8M
Managementcol C$521K
Owns and owesPt X
$63.4M
net assets · Ln 32
Cash and savingsLn 1–2$1.6M
Total assetsLn 16$65.8M
LiabilitiesLn 26$2.4M
PeoplePt VI, VII
12
listed · VII A
PaidVII A0
Voting boardVI 1a11
IndependentVI 1b11
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$7.9M
Noncash giftsLn 1g$918K
Investment incomeLn 3$1.0M
Gains on assetsLn 7$586K
Total revenueLn 12$8.9M
Assets in detailPt X, end of year
SavingsLn 2$1.6M
Cash and savings togetherLn 1–2$1.6M
InvestmentsLn 11–13$50.7M
Land, buildings, equipmentLn 10c$6.0M
Other assetsLn 15$358K
Total assetsLn 16$65.8M
LiabilitiesLn 26$2.4M
Net assetsLn 32$63.4M
OperationsPt I, VI
EmployeesI 50
VolunteersI 611
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3More from this return
Abroad and in kindSch F, M
Noncash gifts receivedSch M Pt I$918K
EndowmentSch D · Pt V
LineFY21FY20FY19FY18FY17
End of yearLn 1g$56.9M$46.8M$47.7M$48.4M$46.7M
Given inLn 1b$253K$449K$464K$827K$615K
SpentLn 1d–1f$2.3M$2.4M$2.4M$2.2M$2.1M
4Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$2.2M$1.6M
InvestmentsLn 11–13$39.9M$50.7M
Land, buildings, equipmentLn 10c$6.0M$6.0M
Total assetsLn 16$56.6M$65.8M
LiabilitiesLn 26$2.8M$2.4M
Net assetsLn 32$53.9M$63.4M
5Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$10.8M$10.8M
Accounting feesLn 11c$24K$24K
Investment management feesLn 11f$476K$476K
Depreciation, depletion and amortizationLn 22$21K$21K
Total functional expensesLn 25$11.3M$10.8M$521K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled with the IRS May 14, 2026 $12.1M$7.5M$4.5M$57.0M 990 PDF
FY2024Filed with the IRS Nov 22, 2024 $7.9M$7.0M$941K$56.2M 990 PDF
FY2023Filed with the IRS Apr 18, 2024 $8.2M$8.5M−$231K$54.7M 990 PDF
FY2022Filed with the IRS Nov 17, 2022 $10.9M$13.9M−$3.1M$51.3M 990 PDF
FY2021 ViewingFiled with the IRS Nov 5, 2021 $8.9M$11.3M−$2.4M$63.4M 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support M · Noncash O · Explanations
See the full FY2021 990 (6 parts)
Part I · Summary $8,901,214 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $5,845,005$7,890,130
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $717,920$1,011,084
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $6,562,925$8,901,214
I-13 Grants and similar amounts paidPrior year $7,760,858$10,774,558
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 $373,868$520,508
I-18 Total expensesPrior year $8,134,726$11,295,066
I-19 Revenue less expensesPrior year −$1,571,801−$2,393,852
Part VI · Governance 11 of 11 board members independent, 1 to look at
VI-1a Voting members of the governing body11
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 $8,901,214 across 6 lines filed
VIII-1f All other contributions, gifts and grants$7,890,130
VIII-1g Noncash contributions (included above)$918,388
VIII-1h Total contributions, gifts and grants$7,890,130
VIII-3 Investment incomeExcluded from tax $424,697$424,697
VIII-7 Net gain or loss on sales of assetsExcluded from tax $586,387$586,387
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $1,011,084$8,901,214
Part IX · Statement of functional expenses $11,295,066 across 4 lines filed
IX-1 Grants to domestic organizationsPrograms $10,774,558$10,774,558
IX-11c Accounting feesManagement $23,790$23,790
IX-11f Investment management feesManagement $476,197$476,197
IX-22 Depreciation, depletion and amortizationManagement $20,521$20,521
IX-25 Total functional expensesPrograms $10,774,558 · Management $520,508 · Fundraising $0$11,295,066
Part X · Balance sheet $65,797,019 assets, 14 lines filed
Asset lines not itemized here account for $1,618,775; see the IRS return.
X-2 Savings and temporary cash investmentsStart of year $2,242,742$1,584,537
X-3 Pledges and grants receivableStart of year $6,245,015$5,509,764
X-10c Land, buildings and equipment, netStart of year $6,000,716$6,012,350
X-11 Publicly traded securitiesStart of year $5,748,984$8,058,781
X-12 Other securitiesStart of year $34,150,296$42,654,721
X-15 Other assetsStart of year $595,686$358,091
X-16 Total assetsStart of year $56,643,893$65,797,019
X-19 Deferred revenueStart of year $1,892,155$1,892,148
X-25 Other liabilitiesStart of year $516,740$271,145
X-26 Total liabilitiesStart of year $2,758,725$2,429,266
X-27 Net assets without donor restrictionsStart of year $13,439,306$15,007,312
X-28 Net assets with donor restrictionsStart of year $40,445,862$48,360,441
X-32 Total net assets or fund balancesStart of year $53,885,168$63,367,753
X-33 Total liabilities and net assetsStart of year $56,643,893$65,797,019
Part XI · Reconciliation of net assets $63,367,753 net assets at year end
XI-1 Total revenue$8,901,214
XI-2 Total expenses$11,295,066
XI-3 Revenue less expenses−$2,393,852
XI-4 Net assets at start of year$53,885,168
XI-5 Net unrealized gains (losses) on investments$11,708,304
XI-9 Other changes in net assets$168,133
XI-10 Net assets at end of year$63,367,753

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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