Hampton Roads Classical FY2024 filing

Smithfield, VAUnknown exempt organization EIN 84-2417020Revenue $247K in FY2024

On file with the IRShamptonroadsclassical.org13490 Benns Church Blvd · Smithfield, VA

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Independent K-12 academic institution.

83¢ of each $1 spent went to programs.
$27K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Programs: Part IX · Pay: Part VII

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
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
3 of 5
filings with a surplus
Average deficit $553 a year · under 1% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
83%
of spending
Looks good: 83% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$27K
to officers and key staff · 10% of spending
Looks good: pay to officers and key staff is 10% of spending; 15% or less.
Pt VII · Sec A
<1 mo
of spending, in cash
Worth a look: 0.7 months of spending in cash; under 1.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $10K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$3
<0.01% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
3
of 2 voting members
Looks good: 3 of 2 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$247K
-23% vs prior year
Spent
$270K
To programs
83%
Net assets
$122K
By yearFY2021–FY2025
Revenue
$247K
FY2024▼ -23%
Tap a bar for its year
Revenue by fiscal year
FY2021$209K
FY2022$254K
FY2023$322K
FY2024$247K
FY2025$169K
Expenses
$270K
FY2024▼ -7%
Tap a bar for its year
Expenses by fiscal year
FY2021$145K
FY2022$207K
FY2023$290K
FY2024$270K
FY2025$291K
Net assets
$122K
FY2024▼ -16%
Tap a bar for its year
Net assets by fiscal year
FY2021$67K
FY2022$113K
FY2023$145K
FY2024$122K
FY2025$0

From the FY2024 Form 990 (year ending June 2024) · see the original

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You’re viewing the FY2024 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 Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

83 cents of each dollar spent went to programs.

Program services 83% · $225K Management & general 17% · $45K

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

3 people listed on the 990; $27K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
President
$26,751Pt VII · Sec A
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A

Compensation history total reportable pay by year · 1 named individual · Part VII

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

Educates students in grades K-12, fostering independent learning.

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Provided by the organization

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1 program · $225K · in their own filed words · FY2023
01

Educational services for k-7 students, monday through friday from 8:30AM to 3PM.

$225Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

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

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$247K
Ln 12
Fees for servicesLn 2g$167K
Gifts and grantsLn 1h$80K
Other incomeLn 4–11$199
Money outPt IX
$270K
Ln 25
Programscol B$225K
Managementcol C$45K
Owns and owesPt X
$122K
net assets · Ln 32
Cash and savingsLn 1–2$15K
Total assetsLn 16$122K
LiabilitiesLn 26$3
PeoplePt VI, VII
3
listed · VII A
PaidVII A1
Voting boardVI 1a2
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$80K
Fees for servicesLn 2g$167K
Investment incomeLn 3$8
Other incomeLn 4–11$199
Total revenueLn 12$247K
Assets in detailPt X, end of year
CashLn 1$15K
Cash and savings togetherLn 1–2$15K
Land, buildings, equipmentLn 10c$101K
Other assetsLn 15$6K
Total assetsLn 16$122K
LiabilitiesLn 26$3
Net assetsLn 32$122K
OperationsPt I, VI
EmployeesI 57
VolunteersI 64
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
LineStart FY24End FY24
Cash and savingsLn 1–2$145K$15K
Land, buildings, equipmentLn 10c$0$101K
Total assetsLn 16$145K$122K
LiabilitiesLn 26$0$3
Net assetsLn 32$145K$122K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$27K$16K$11K
Other salaries and wagesLn 7$114K$97K$16K
Other employee benefitsLn 9$438$438
Payroll taxesLn 10$11K$9K$2K
Legal feesLn 11b$1K$1K
Accounting feesLn 11c$2K$2K
Advertising and promotionLn 12$7K$7K
Office expensesLn 13$1K$1K
Information technologyLn 14$2K$2K
OccupancyLn 16$78K$78K
Depreciation, depletion and amortizationLn 22$6K$6K
InsuranceLn 23$2K$2K
Other expenses (24a–d)Ln 24$17K$15K$2K
All other expensesLn 24e$975$975
Total functional expensesLn 25$270K$225K$45K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $169K$291K−$122K$0 990 PDF
FY2024 Viewing $247K$270K−$23K$122K 990 PDF
FY2023 $322K$290K$32K$145K 990 PDF
FY2022 $254K$207K$47K$113K 990 PDF
FY2021 $209K$145K$64K$67K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $246,776 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $20,863$79,904
I-9 Program service revenuePrior year $299,947$166,665
I-10 Investment incomePrior year $21$8
I-11 Other revenuePrior year $1,628$199
I-12 Total revenuePrior year $322,459$246,776
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $231,789$152,324
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $58,634$117,909
I-18 Total expensesPrior year $290,423$270,233
I-19 Revenue less expensesPrior year $32,036−$23,457
Part VI · Governance 3 of 2 board members independent, 3 to look at
VI-1a Voting members of the governing body2
VI-1b Independent voting members3
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
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
Part VIII · Statement of revenue $246,776 across 6 lines filed
VIII-1f All other contributions, gifts and grants$79,904
VIII-1h Total contributions, gifts and grants$79,904
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $166,665$166,665
VIII-3 Investment incomeUnrelated business $8$8
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Unrelated business $199$199
VIII-12 Total revenueRelated to mission $166,665 · Unrelated business $207 · Excluded from tax $0$246,776
Part IX · Statement of functional expenses $270,233 across 14 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $16,051 · Management $10,700$26,751
IX-7 Other salaries and wagesPrograms $97,152 · Management $16,494$113,646
IX-9 Other employee benefitsManagement $438$438
IX-10 Payroll taxesPrograms $9,264 · Management $2,225$11,489
IX-11b Legal feesManagement $1,292$1,292
IX-11c Accounting feesManagement $2,450$2,450
IX-12 Advertising and promotionPrograms $6,550$6,550
IX-13 Office expensesManagement $1,368$1,368
IX-14 Information technologyPrograms $1,776$1,776
IX-16 OccupancyPrograms $78,159$78,159
IX-22 Depreciation, depletion and amortizationManagement $5,917$5,917
IX-23 InsuranceManagement $2,108$2,108
IX-24 Other expenses (24a–d)Programs $15,092 · Management $2,222$17,314
IX-24e All other expensesPrograms $975$975
IX-25 Total functional expensesPrograms $225,019 · Management $45,214 · Fundraising $0$270,233
Part X · Balance sheet $121,726 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $145,180$15,163
X-10c Land, buildings and equipment, netStart of year $0$100,583
X-15 Other assetsStart of year $0$5,980
X-16 Total assetsStart of year $145,180$121,726
X-25 Other liabilitiesStart of year $0$3
X-26 Total liabilitiesStart of year $0$3
X-32 Total net assets or fund balancesStart of year $145,180$121,723
X-33 Total liabilities and net assetsStart of year $145,180$121,726
Part XI · Reconciliation of net assets $121,723 net assets at year end
XI-1 Total revenue$246,776
XI-2 Total expenses$270,233
XI-3 Revenue less expenses−$23,457
XI-4 Net assets at start of year$145,180
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$121,723

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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