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← REGENTS SCHOOL OF CHARLOTTESVILLE INC

Form 990 for tax year 2024

Filed by REGENTS SCHOOL OF CHARLOTTESVILLE INC.

Totals

Total revenue
$4,141,993
Total expenses
$3,941,441
Contributions and grants received
$1,036,716
Grants paid
$601,440
Program service revenue
$3,090,502
Investment income
$7,108
Other revenue
$7,667
Total assets, end of year
$13,012,496
Total liabilities, end of year
$8,296,127
Net assets or fund balances, end of year
$4,716,369
Program services expenses (Part IX)
$3,418,147
Management and general expenses
$439,144
Fundraising expenses
$84,150
Program service expenses (Part III)
$3,418,147

Program services were 86.7% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $1,036,716

  • 2a · Program service revenue: TUITION

    total $2,849,825 · related or exempt $2,849,825

  • 2b · Program service revenue: CURRICULUM/RPF FEES

    total $167,050 · related or exempt $167,050

  • 2c · Program service revenue: ATHLETIC FEES

    total $28,946 · related or exempt $28,946

  • 2d · Program service revenue: OTHER

    total $17,334 · related or exempt $17,334

  • 2e · Program service revenue: RPF

    total $10,730 · related or exempt $10,730

  • 2f · All other program service revenue

    total $16,617 · related or exempt $16,617

  • 3 · Investment income

    total $7,108 · related or exempt $7,108

  • 8a · Fundraising events: gross income

    $52,460

  • 8b · Fundraising events: direct expenses

    $44,793

  • 8c · Net income from fundraising events

    total $7,667

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $601,440 · program services $601,440

  • 5 · Compensation of officers, directors and key employees

    total $98,978 · management and general $98,978

  • 7 · Other salaries and wages

    total $1,903,555 · program services $1,811,682 · management and general $91,873

  • 8 · Pension plan contributions

    total $45,665 · program services $41,313 · management and general $4,352

  • 9 · Other employee benefits

    total $75,172 · program services $69,446 · management and general $5,726

  • 10 · Payroll taxes

    total $155,413 · program services $140,813 · management and general $14,600

  • 11b · Fees: legal

    total $29,974 · program services $29,974

  • 11c · Fees: accounting

    total $8,325 · program services $8,325

  • 12 · Advertising and promotion

    total $8,879 · program services $8,879

  • 13 · Office expenses

    total $12,658 · program services $12,658

  • 14 · Information technology

    total $37,175 · program services $37,175

  • 16 · Occupancy

    total $83,139 · program services $82,308 · management and general $831

  • 17 · Travel

    total $18,995 · program services $18,995

  • 20 · Interest

    total $222,784 · management and general $222,784

  • 22 · Depreciation, depletion and amortization

    total $190,737 · program services $190,737

  • 23 · Insurance

    total $26,307 · program services $26,307

  • 24a · Other expenses: CAPITAL CAMPAIGN EXPENSE

    total $84,150 · fundraising $84,150

  • 24b · Other expenses: ATHLETIC EXPENSE

    total $60,732 · program services $60,732

  • 24c · Other expenses: CURRICULUM

    total $43,634 · program services $43,634

  • 24d · Other expenses: SUPPLIES

    total $32,723 · program services $32,723

  • 24e · All other expenses

    total $201,006 · program services $201,006

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $530,096 · end of year $315,570

  • 2 · Savings and temporary cash investments

    beginning of year $600,063 · end of year $406,635

  • 4 · Accounts receivable

    beginning of year $1,881,342 · end of year $1,970,008

  • 9 · Prepaid expenses and deferred charges

    beginning of year $17,730

  • 10a · Land, buildings and equipment: cost or other basis

    $10,548,080

  • 10b · Land, buildings and equipment: accumulated depreciation

    $227,797

  • 10c · Land, buildings and equipment, net

    beginning of year $8,425,014 · end of year $10,320,283

  • 17 · Accounts payable and accrued expenses

    beginning of year $176,065 · end of year $149,055

  • 19 · Deferred revenue

    beginning of year $2,296,745 · end of year $2,636,576

  • 23 · Secured mortgages and notes payable

    beginning of year $4,465,618 · end of year $5,510,496

  • 27 · Net assets without donor restrictions

    beginning of year $4,415,817 · end of year $3,955,355

  • 28 · Net assets with donor restrictions

    beginning of year $100,000 · end of year $761,014

Mission and programs · 2024

Mission

REGENTS' MISSION IS TO PROVIDE A CLASSICAL AND CHRISTIAN EDUCATION, FOUNDED UPON AND INFORMED BY A BIBLICAL WORLDVIEW, THAT EQUIPS OUR STUDENTS TO KNOW, LOVE, AND PRACTICE THAT WHICH IS TRUE, GOOD, AND THE BEAUTIFUL AND CHALLENGES THEM TO LIVE PURPOSEFULLY AND INTELLIGENTLY AS SERVANTS OF THE LORD JESUS CHRIST FOR THE BENEFIT OF MAN AND THE GLORY OF GOD.

  • TO PROVIDE ACCREDITED CLASSICAL CHRISTIAN EDUCATION TO STUDENTS GRADES KINDERGARTEN THROUGH 12.

    Expenses $3,418,147 · Grants $601,440 · Revenue $3,090,502

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Courtney Palumbo

    PRESIDENT

    Total calculated
    $124,530
    From this org
    $98,978
    From related orgs
    $0
    Other
    $25,552
    Hours/week
    40

  • Matt Bascom

    VICE CHAIRMA

    Total calculated
    $0

  • Philip Davis

    TRUSTEE

    Total calculated
    $0

  • Jackie Jamison

    SECRETARY/TR

    Total calculated
    $0

  • Dr Don Richardson

    TRUSTEE

    Total calculated
    $0

  • Dr Michael Rose

    CHAIRMAN

    Total calculated
    $0

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2024
Filed
14 January 2026
IRS schema version
2024v5.0
Source object
202610569349300111

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