Parish Episcopal School: Nonprofit Profile, Financials & Form 990 (EIN 75-1390485)

Revenue by fiscal year
FY2020	$38.2M
FY2021	$38.4M
FY2022	$42.5M
FY2023	$43.9M
FY2024	$47.6M
FY2025	$49.4M

Expenses by fiscal year
FY2020	$35.3M
FY2021	$36.4M
FY2022	$41.6M
FY2023	$42.3M
FY2024	$46.1M
FY2025	$49.2M

Net assets by fiscal year
FY2020	$38.2M
FY2021	$40.8M
FY2022	$42.6M
FY2023	$44.8M
FY2024	$45.3M
FY2025	$45.0M

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jan 1975.

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

Where the money goes

87 cents of each dollar spent went to programs.

87%

Program services 87% · $43.0M Management & general 10% · $4.8M Fundraising 3% · $1.5M

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

36 people listed on the 990; $2.0M 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

Matthew Rush

Allen Meyer Family Head of School

$470,579Pt VII · Sec A

J Mark Kirkpatrick

Chief Financial Officer

$337,566Pt VII · Sec A

Michelle Lyon

Associate Head of School

$248,001Pt VII · Sec A

Jennifer Wilson

Head of Middle School and Assistant Head of School

$170,626Pt VII · Sec A

Jesse Rodriguez

Building Engineer

$167,374Pt VII · Sec A

Amy Ariagno

Director of Finance

$156,826Pt VII · Sec A

Andrew Jennings

Head of Upper School

$142,031Pt VII · Sec A

Ahmad Ajami

Assistant Director of Athletics

$141,121Pt VII · Sec A

Compensation history total reportable pay by year · 8 named individuals · Part VII

Name	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020
Dave Monaco	—	—	—	—	—	$1,053,951
Dave Monaco - Ex Officio	—	—	—	$544,307	$494,160	—
Matthew Rush	$470,579	$237,139	—	—	—	—
Michelle Lyon	$248,001	$368,708	—	$224,785	$217,422	$197,309
J Mark Kirkpatrick	$337,566	$261,980	$250,364	$240,877	$229,051	$211,776
Dave Monaco Partial Year	—	—	$331,266	—	—	—
Michelle Lyon - Ex Officio	—	—	$289,703	—	—	—
Jennifer Wilson	$170,626	$184,029	$172,083	$152,105	$147,086	$136,704

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.

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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

Guides young people to be creative, bold leaders prepared for a complex world.

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1 program · $43.0M · in their own filed words · FY2024

01

During the fiscal year ended june 30, 2025, parish episcopal school provided quality educational services to approximately 1,196 students in grades preschool through twelfth grade.

$43.0Mprogram 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

Dale E and Janice Davis Johnston Family FoundationFY2025$1K

Total grants receivedfrom 1 funder$1K

Grants paid · 9 grants · $90K · 2022–2024

Wine to WaterNC · FY2024$10,000

Second Wind Dreams INCGA · FY2024$10,000

Minnies Food Pantry INCTX · FY2024$10,000

New Friends New LifeTX · FY2023$10,000

Grant Halliburton Foundation INCTX · FY2023$10,000

Asociacion Kantaya INCPA · FY2023$10,000

City SquareTX · FY2022$10,000

Raes Hope INCTX · FY2022$10,000

Cafe MomentumTX · FY2022$10,000

By the numbers

The FY2025 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$49.4M

Ln 12

Fees for servicesLn 2g$44.2M

Gifts and grantsLn 1h$4.0M

Investment incomeLn 3$732K

Money outPt IX

$49.2M

Ln 25

Programscol B$43.0M

Managementcol C$4.8M

Fundraisingcol D$1.5M

Owns and owesPt X

$45.0M

net assets · Ln 32

Cash and savingsLn 1–2$29.2M

Total assetsLn 16$104.6M

LiabilitiesLn 26$59.6M

PeoplePt VI, VII

36

listed · VII A

PaidVII A9

Voting boardVI 1a25

IndependentVI 1b25

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$4.0M

Noncash giftsLn 1g$434K

Fundraising eventsLn 1c$230K

Fees for servicesLn 2g$44.2M

Investment incomeLn 3$732K

Other incomeLn 4–11$462K

Gains on assetsLn 7−$108K

Total revenueLn 12$49.4M

Assets in detailPt X, end of year

CashLn 1$8.9M

SavingsLn 2$20.2M

Cash and savings togetherLn 1–2$29.2M

Land, buildings, equipmentLn 10c$52.0M

Other assetsLn 15$272K

Total assetsLn 16$104.6M

LiabilitiesLn 26$59.6M

Net assetsLn 32$45.0M

OperationsPt I, VI

EmployeesI 5460

VolunteersI 6495

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

Line	Start FY25	End FY25
Cash and savingsLn 1–2	$27.5M	$29.2M
Land, buildings, equipmentLn 10c	$53.5M	$52.0M
Total assetsLn 16	$103.6M	$104.6M
LiabilitiesLn 26	$58.3M	$59.6M
Net assetsLn 32	$45.3M	$45.0M

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Grants to domestic organizationsLn 1	$30K	$30K
Grants to domestic individualsLn 2	$4.7M	$4.7M
Pay of current officers, directors and key staffLn 5	$1.4M	$931K	$490K
Other salaries and wagesLn 7	$21.2M	$18.5M	$1.9M	$787K
Pension plan contributionsLn 8	$1.1M	$921K	$137K	$43K
Other employee benefitsLn 9	$3.4M	$2.8M	$465K	$111K
Payroll taxesLn 10	$1.6M	$1.4M	$162K	$58K
Legal feesLn 11b	$104K		$104K
Accounting feesLn 11c	$50K		$50K
Professional fundraising feesLn 11e	$69K			$69K
Investment management feesLn 11f	$100		$100
Other fees for servicesLn 11g	$1.6M	$1.5M	$62K
Advertising and promotionLn 12	$83K	$4K	$78K
Office expensesLn 13	$246K		$246K
Information technologyLn 14	$458K	$185K	$273K
OccupancyLn 16	$3.6M	$3.6M	$74K	$16K
TravelLn 17	$613K	$569K	$44K	$86
Conferences, conventions and meetingsLn 19	$160K	$74K	$87K
InterestLn 20	$593K	$578K	$12K	$3K
Depreciation, depletion and amortizationLn 22	$4.3M	$4.2M	$85K	$21K
InsuranceLn 23	$587K	$570K	$14K	$3K
Other expenses (24a–d)Ln 24	$3.4M	$2.5M	$505K	$351K
Total functional expensesLn 25	$49.2M	$43.0M	$4.8M	$1.5M

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2025 Latest Viewing	$49.4M	$49.2M	$201K	$45.0M	990 PDF
FY2024	$47.6M	$46.1M	$1.6M	$45.3M	990 PDF
FY2023	$43.9M	$42.3M	$1.6M	$44.8M	990 PDF
FY2022	$42.5M	$41.6M	$821K	$42.6M	990 PDF
FY2021	$38.4M	$36.4M	$2.1M	$40.8M	990 PDF
FY2020	$38.2M	$35.3M	$2.9M	$38.2M	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 $49,416,596 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $3,980,070$4,029,324

I-9 Program service revenuePrior year $42,299,912$44,192,660

I-10 Investment incomePrior year $674,812$732,232

I-11 Other revenuePrior year $667,500$462,380

I-12 Total revenuePrior year $47,622,294$49,416,596

I-13 Grants and similar amounts paidPrior year $4,434,518$4,737,791

I-14 Benefits paid to membersPrior year $0$0

I-15 Salaries and benefitsPrior year $26,907,945$28,678,800

I-16a Professional fundraising feesPrior year $0$68,937

I-17 Other expensesPrior year $14,716,549$15,730,387

I-18 Total expensesPrior year $46,059,012$49,215,915

I-19 Revenue less expensesPrior year $1,563,282$200,681

Part VI · Governance 25 of 25 board members independent, no flags

VI-1a Voting members of the governing body25

VI-1b Independent voting members25

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 $49,416,596 across 13 lines filed

Lines not itemized here account for $407,719 of total revenue; see the IRS return.

VIII-1b Membership dues$261,477

VIII-1c Fundraising events$229,578

VIII-1d Related organizations$797,943

VIII-1f All other contributions, gifts and grants$2,740,326

VIII-1g Noncash contributions (included above)$434,006

VIII-1h Total contributions, gifts and grants$4,029,324

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $44,192,660$44,192,660

VIII-3 Investment incomeExcluded from tax $840,514$840,514

VIII-6 Net rental income or lossRelated to mission $63,704$63,704

VIII-7 Net gain or loss on sales of assetsRelated to mission −$108,282−$108,282

VIII-8 Net income from fundraising eventsExcluded from tax −$70,093−$70,093

VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $61,050$61,050

VIII-12 Total revenueRelated to mission $44,591,655 · Unrelated business $230 · Excluded from tax $795,387$49,416,596

Part IX · Statement of functional expenses $49,215,915 across 22 lines filed

IX-1 Grants to domestic organizationsPrograms $30,000$30,000

IX-2 Grants to domestic individualsPrograms $4,707,791$4,707,791

IX-5 Pay of current officers, directors and key staffPrograms $930,807 · Management $489,540$1,420,347

IX-7 Other salaries and wagesPrograms $18,499,266 · Management $1,870,559 · Fundraising $787,325$21,157,150

IX-8 Pension plan contributionsPrograms $921,211 · Management $137,250 · Fundraising $43,383$1,101,844

IX-9 Other employee benefitsPrograms $2,842,734 · Management $465,051 · Fundraising $110,560$3,418,345

IX-10 Payroll taxesPrograms $1,360,660 · Management $162,403 · Fundraising $58,051$1,581,114

IX-11b Legal feesManagement $104,317$104,317

IX-11c Accounting feesManagement $50,348$50,348

IX-11e Professional fundraising feesFundraising $68,937$68,937

IX-11f Investment management feesManagement $100$100

IX-11g Other fees for servicesPrograms $1,498,851 · Management $61,560$1,560,411

IX-12 Advertising and promotionPrograms $4,235 · Management $78,301$82,536

IX-13 Office expensesManagement $245,648$245,648

IX-14 Information technologyPrograms $184,615 · Management $273,188$457,803

IX-16 OccupancyPrograms $3,553,346 · Management $73,657 · Fundraising $15,946$3,642,949

IX-17 TravelPrograms $569,340 · Management $43,610 · Fundraising $86$613,036

IX-19 Conferences, conventions and meetingsPrograms $73,629 · Management $86,536$160,165

IX-20 InterestPrograms $578,205 · Management $11,861 · Fundraising $2,965$593,031

IX-22 Depreciation, depletion and amortizationPrograms $4,157,943 · Management $85,291 · Fundraising $21,322$4,264,556

IX-23 InsurancePrograms $569,672 · Management $13,997 · Fundraising $3,499$587,168

IX-24 Other expenses (24a–d)Programs $2,512,818 · Management $504,942 · Fundraising $350,559$3,368,319

IX-25 Total functional expensesPrograms $42,995,123 · Management $4,758,159 · Fundraising $1,462,633$49,215,915

Part X · Balance sheet $104,624,572 assets, 18 lines filed

X-1 Cash, non-interest-bearingStart of year $19,379,680$8,942,495

X-2 Savings and temporary cash investmentsStart of year $8,124,871$20,207,544

X-3 Pledges and grants receivableStart of year $1,209,657$605,681

X-4 Accounts receivableStart of year $17,069,130$19,545,393

X-8 Inventories for sale or useStart of year $232,591$297,692

X-9 Prepaid expenses and deferred chargesStart of year $3,442,724$2,728,884

X-10c Land, buildings and equipment, netStart of year $53,492,892$52,024,496

X-15 Other assetsStart of year $678,560$272,387

X-16 Total assetsStart of year $103,630,105$104,624,572

X-17 Accounts payable and accrued expensesStart of year $2,833,224$2,961,707

X-19 Deferred revenueStart of year $37,391,672$40,305,131

X-20 Tax-exempt bond liabilitiesStart of year $15,505,602$14,179,931

X-25 Other liabilitiesStart of year $2,558,374$2,147,930

X-26 Total liabilitiesStart of year $58,288,872$59,594,699

X-27 Net assets without donor restrictionsStart of year $42,507,365$42,969,809

X-28 Net assets with donor restrictionsStart of year $2,833,868$2,060,064

X-32 Total net assets or fund balancesStart of year $45,341,233$45,029,873

X-33 Total liabilities and net assetsStart of year $103,630,105$104,624,572

Part XI · Reconciliation of net assets $45,029,873 net assets at year end

XI-1 Total revenue$49,416,596

XI-2 Total expenses$49,215,915

XI-3 Revenue less expenses$200,681

XI-4 Net assets at start of year$45,341,233

XI-5 Net unrealized gains (losses) on investments−$2,180

XI-9 Other changes in net assets−$509,861

XI-10 Net assets at end of year$45,029,873

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

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