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Nonprofiteer
← COLLEGIATE SCHOOL

Form 990 for tax year 2022

Filed by COLLEGIATE SCHOOL.

Totals

Total revenue
$64,649,067
Total expenses
$58,205,600
Contributions and grants received
$10,848,641
Grants paid
$4,515,396
Program services expenses (Part IX)
$50,827,994
Management and general expenses
$5,432,898
Fundraising expenses
$1,944,708
Program service expenses (Part III)
$50,827,994

Program services were 87.3% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • PENNY EVINS

    PRESIDENT/HEAD OF SCHOOL TO 7/31/22

    Total calculated
    $1,453,420
    From this org
    $1,404,470
    From related orgs
    $0
    Other
    $48,950
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $320,094
    Bonus
    $1,548
    Other
    $1,082,828
    Deferred
    $11,496
    Nontaxable benefits
    $37,454
    Filer's total
    $1,453,420

  • WILLIAM S PEEBLES IV

    INTERIM HEAD OF SCHOOL FROM 8/1/22

    Total calculated
    $267,069
    From this org
    $266,193
    From related orgs
    $0
    Other
    $876
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $264,519
    Bonus
    $0
    Other
    $1,674
    Deferred
    $0
    Nontaxable benefits
    $876
    Filer's total
    $267,069

  • PHYLLIS PALMIERO

    CFO & COO

    Total calculated
    $331,338
    From this org
    $274,067
    From related orgs
    $0
    Other
    $57,271
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $269,441
    Bonus
    $1,548
    Other
    $3,078
    Deferred
    $28,181
    Nontaxable benefits
    $29,090
    Filer's total
    $331,338

  • DEBORAH CLABO

    ASSISTANT SECRETARY

    Total calculated
    $89,779
    From this org
    $72,050
    From related orgs
    $0
    Other
    $17,729
    Hours/week
    40

  • COURTNEY MARTIN

    ASSISTANT HEAD OF SCHOOL

    Total calculated
    $198,396
    From this org
    $174,351
    From related orgs
    $0
    Other
    $24,045
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $171,742
    Bonus
    $1,548
    Other
    $1,061
    Deferred
    $12,200
    Nontaxable benefits
    $11,845
    Filer's total
    $198,396

  • KRISTEN O WILLIAMS

    CHIEF DEVELOPMENT OFFICER

    Total calculated
    $229,432
    From this org
    $163,465
    From related orgs
    $0
    Other
    $65,967
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $160,434
    Bonus
    $1,548
    Other
    $1,483
    Deferred
    $11,620
    Nontaxable benefits
    $54,347
    Filer's total
    $229,432

  • PATRICK E LOACH

    HEAD OF UPPER SCHOOL

    Total calculated
    $225,800
    From this org
    $159,024
    From related orgs
    $0
    Other
    $66,776
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $155,964
    Bonus
    $1,548
    Other
    $1,512
    Deferred
    $17,144
    Nontaxable benefits
    $49,632
    Filer's total
    $225,800

  • TUNG TRINH

    HEAD OF MIDDLE SCHOOL

    Total calculated
    $209,107
    From this org
    $157,589
    From related orgs
    $0
    Other
    $51,518
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $155,328
    Bonus
    $1,548
    Other
    $713
    Deferred
    $11,234
    Nontaxable benefits
    $40,284
    Filer's total
    $209,107

  • DEBORAH MILLER

    HEAD OF LOWER SCHOOL

    Total calculated
    $169,375
    From this org
    $142,648
    From related orgs
    $0
    Other
    $26,727
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $138,545
    Bonus
    $1,548
    Other
    $2,555
    Deferred
    $14,072
    Nontaxable benefits
    $12,655
    Filer's total
    $169,375

  • CARTER M REID

    CHAIR OF THE BOARD

    Total calculated
    $0
    Hours/week
    2

  • W HILDEBRANDT SURGNER JR

    VICE CHAIR OF THE BOARD

    Total calculated
    $0
    Hours/week
    2

  • JOHN W MARTIN

    IMMEDIATE PAST CHAIR OF THE BOARD

    Total calculated
    $0
    Hours/week
    2

  • NEELAN A MARKEL

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • ELLEN T BONBRIGHT

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • CALLIE LACY BRACKETT

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • MAYME BETH F DONOHUE

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • MASON T CHAPMAN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • MEERA PAHUJA

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • EUCHARIA N JACKSON

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • J CHEAIRS PORTER JR

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • JOHN H RIVERS JR

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • PETER E MAHONEY SR

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • MALCOLM S MCDONALD

    LIFE TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • MORENIKE K MILES

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • JULIOUS P SMITH III

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • KENNETH P RUSCIO

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • DANIELLE D SCOTT

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • L MARK STEPANIAN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • WALLACE STETTINIUS

    LIFE TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • R GREGORY WILLIAMS

    LIFE TRUSTEE

    Total calculated
    $0
    Hours/week
    2

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 — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 1a · Travel for companions
  • 1a · Tax indemnification and gross-up payments
  • 1a · Housing allowance or residence for personal use
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 1A
THE HEAD OF SCHOOL RECEIVES CERTAIN ADDITIONAL BENEFITS THAT ARE TYPICAL COMPONENTS OF AN EXECUTIVE LEVEL COMPENSATION PACKAGE AMONG INDEPENDENT SCHOOLS. THESE BENEFITS PRIMARILY INCLUDE A HOUSING ALLOWANCE AND AN AMOUNT THAT REPRESENTS ADDITIONAL TUITION REMISSION AND INSURANCE WHICH ARE GROSSED UP TO PROVIDE FOR THE TAX LIABILITY ASSOCIATED WITH THEM. NATIONALLY AND LOCALLY, MANY HEADS OF SCHOOLS ARE PROVIDED A HOME ON CAMPUS, WHEN ONE EXISTS. WHEN ONE DOES NOT EXIST ON CAMPUS, AS IS THE CASE AT COLLEGIATE SCHOOL, IT IS CUSTOMARY TO PROVIDE A HOUSING ALLOWANCE TO THE HEAD OF SCHOOL. THE HOUSING ALLOWANCE IS A TAXABLE BENEFIT AND INCLUDED IN HIS/HER OTHER REPORTABLE COMPENSATION. COMPANION TRAVEL WAS ALSO PROVIDED TO THE HEAD OF SCHOOL THIS YEAR AND THE AMOUNT PAID WAS TREATED AS A TAXABLE BENEFIT. A HOUSING ALLOWANCE AND SPOUSAL TRAVEL ARE NOT PART OF THE INTERIM HEAD OF SCHOOL, WILLIAM PEEBLES' COMPENSATION PACKAGE.
PART I, LINE 3
THE COMPENSATION COMMITTEE REVIEWS THE INDEX (INDEPENDENT DATA EXCHANGE) REPORT ON THE SALARIES AND TOTAL COMPENSATION FOR THE HEAD OF SCHOOL. THE INDEX BENCHMARKING GROUP CONSISTS OF A VARIETY OF JK-12 CO-EDUCATIONAL DAY SCHOOLS ACROSS THE NATION WITH SIMILAR MISSIONS AND SIZE TO COLLEGIATE SCHOOL. THE COMMITTEE ALSO REVIEWS ANY OTHER COMPARISONS THAT MAY BE AVAILABLE AT THAT TIME. IN ADDITION, THE COMPENSATION COMMITTEE ENGAGES PROFESSIONAL SERVICES TO ESTABLISH A REBUTTABLE PRESUMPTION OF REASONABLENESS FOR THE HEAD OF SCHOOL.
PART I, LINES 4A-B
LINE 4A: FORMER HEAD OF SCHOOL, PENNY EVINS, RECEIVED CASH AND IN-KIND PAYMENTS TOTALING $994,572 UPON HER DEPARTURE FROM THE SCHOOL. LINE 4B: THE FOLLOWING INDIVIDUALS PARTICIPATED IN A SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN: PENNY EVINS

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2022
Filed
14 May 2024
IRS schema version
2022v5.0
Source object
202411359349310456

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