Hampton Roads Classical EIN 84-2417020 Form 990 (PDF) Claim this org

Hampton Roads Classical FY2021 filing

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Educates students in grades K-12, fostering independent learning. For fiscal year 2021 it reported $209K in revenue, $145K in expenses, and $67K in net assets.Pt I

Type
Unknown exempt organization · Nonprofit
Location
Smithfield, VA
Website
www.hamptonroadsclassical.org
Filings
5 on file (2021–2021)
Revenue
$209KFY2021
Expenses
$145K
Net assets
$67K
People
2
Filings
5
Updates
0
More identity details & actions ⌄
EIN  84-2417020 Unknown exempt organization Smithfield, VA
Form 990 (PDF)
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2025) →
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Size
$100K–1M
What they do
Educates students in grades K-12, fostering independent learning.
Leadership
Phillip Gist · President and Head of School · $5K
Money in and out
$209K revenue, $145K expenses
Bottom line
+31% surplus margin
Reported financial activity · FY2021
Total revenue
$209K
Pt VIII · Ln 12
Total expenses
$145K
Pt IX · Ln 25
Net assets
$67K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $64K
Where spending went · Part IX cols B–D
Program services $0.79 Management & general $0.21
Surplus margin
+31%
revenue over expenses, this year
Program spending
79%
of expenses reach programs

Summary of the Filing

Part I · fiscal year 2021 · Form 990
Revenue
$209K
FY2021
Expenses
$145K
FY2021
Total assets
$67K
FY2021
Total liabilities
$189
FY2021
Total revenue
$209K
Pt VIII · Ln 12
Total expenses
$145K
Pt IX · Ln 25
Net assets
$67K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$64K
Total assetsPt X · Ln 16$67K
Program-expense ratioPt IX · col B79%
Voting members of governing bodyPt I · Ln 32
Independent voting membersPt I · Ln 42

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CHampton Roads Classical
EINHdr · item D84-2417020
Principal addressHdr · item CSmithfield, VA
WebsiteHdr · item Jwww.hamptonroadsclassical.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MVA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFNonprofit
Ruling yearIRS BMFpending

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a2
Independent voting membersPt VI · Ln 1b2
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
President and Head of School
$5,143Pt VII · Sec A
Director
$0Pt VII · Sec A

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021
Phillip Gist$28,460$26,751$32,333$15,006
Phillip Gist$5,143

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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Mission & Programs · Part III

Where the work happens

1 program service account for $115K of program spending, described in the organization's own filed words · FY2020.
01

Educational Services for K-6 students, Monday through Friday from 8:30am to 3pm.

$115Kprogram expense

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Statement of Revenue

Part VIII
Program service revenue$206K · 98%
Contributions & grants$1K · 1%
Other revenue$2K · 1%
Program service revenue98%$206K
Contributions & grants1%$1K
Other revenue1%$2K
Total revenueLn 12$209K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.79 Management & general $0.21
Program services79%$115K
Management & general21%$31K
Total functional expensesLn 25$145K

Balance Sheet

Part X · end of year
CashLn 1$67K
Total assetsLn 16$67K
Total liabilitiesLn 26$189
Total net assetsLn 32$67K
Months of cash on handcomputed5.5

Financial Metrics

Form 990 · FY2021 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $67K · Operating expenses/yr $145K
5.5 months
Where the money goes
Program services
Program services $115K · Total expenses $145K
79%
Management & General
Management & general $31K · Total expenses $145K
21%
Fundraising
Fundraising $0 · Total expenses $145K
0%
Cost to raise $1
Fundraising expense $0 · Solicited contributions $1K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $1K · Total revenue $209K
0.6%
Government reliance
Government grants $0 · Total revenue $209K
0%
Earned-income share
Program service revenue $206K · Total revenue $209K
98%
Investment reliance
Investment income $0 · Total revenue $209K
0%
Program self-sufficiency
Program service revenue $206K · Total expenses $145K
142%
Growth & trend
Revenue growth (YoY)
This year $209K · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $67K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $209K · Expenses $145K
+31%
Liabilities-to-Assets
Total liabilities — · Total assets $67K
Net-asset ratio
Net assets $67K · Total assets $67K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $67K
0%
People & payroll
Highest Reported Total Compensation
Individual Phillip Gist · Reported title President and Head of School · Highest reported compensation $5K · Total expenses $145K
4%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $103K · Total expenses $145K
71%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 79%
Overhead ratio 21%
Fundraising cost ratio 0%
Investment management fee ratio 0%
Legal fee ratio 0.3%
Accounting fee ratio 2%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 1 funder$10K

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$169K revenue · ⤓ 990 PDF
FY2024$247K revenue · ⤓ 990 PDF
FY2023$322K revenue · ⤓ 990 PDF
FY2022$254K revenue · ⤓ 990 PDF
FY2021$209K revenue · viewing · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2021IRS
Classification, formation year, addressIRS Business Master File
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