Totals
- Total revenue
- $12,254,532
- Total expenses
- $12,629,342
- Contributions and grants received
- $1,227,946
- Grants paid
- $0
- Program service revenue
- $613,333
- Investment income
- $10,234,574
- Other revenue
- $178,679
- Total assets, end of year
- $208,741,753
- Total liabilities, end of year
- $1,318,867
- Net assets or fund balances, end of year
- $207,422,886
- Program services expenses (Part IX)
- $9,383,113
- Management and general expenses
- $2,552,770
- Fundraising expenses
- $693,459
- Program service expenses (Part III)
- $9,383,113
Program services were 74.3% 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.
-
1c · Fundraising events
$29,626
-
1e · Government grants (contributions)
$3,975
-
1f · All other contributions, gifts and grants
$1,194,345
-
1g · Noncash contributions included above
$52,225
-
2a · Program service revenue: TUITION AND FEES
total $613,333 · related or exempt $613,333
-
3 · Investment income
total $4,009,082 · unrelated business $121,222 · excluded $3,887,860
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6a · Gross rents
real property $189,020
-
6c · Rental income or loss
real property $189,020 · personal property $0
-
6d · Net rental income or loss
total $189,020 · excluded $189,020
-
7a · Gross sales of assets other than inventory
securities $13,983,634 · other assets $744,724
-
7b · Less cost or other basis and sales expenses
securities $7,737,369 · other assets $765,497
-
7c · Gain or loss
securities $6,246,265 · other assets -$20,773
-
7d · Net gain or loss
total $6,225,492 · excluded $6,225,492
-
8a · Fundraising events: gross income
$23,000
-
8a · Fundraising events: contributions included on line 1c
$29,626
-
8b · Fundraising events: direct expenses
$33,341
-
8c · Net income from fundraising events
total -$10,341 · excluded -$10,341
-
9a · Gaming: gross income
$0
-
9b · Gaming: direct expenses
$0
-
9c · Net income from gaming
total $0
-
10a · Gross sales of inventory
$0
-
10b · Cost of goods sold
$0
-
10c · Net income from sales of inventory
total $0
-
11e · Other revenue, total
$0
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0
-
2 · Grants to domestic individuals
total $0
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $264,749 · management and general $264,749
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $4,854,372 · program services $3,402,114 · management and general $999,885 · fundraising $452,373
-
8 · Pension plan contributions
total $184,496 · program services $130,920 · management and general $36,169 · fundraising $17,407
-
9 · Other employee benefits
total $584,447 · program services $394,982 · management and general $136,948 · fundraising $52,517
-
10 · Payroll taxes
total $409,202 · program services $272,987 · management and general $99,919 · fundraising $36,296
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $82,358 · management and general $82,358
-
11c · Fees: accounting
total $0
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $151,407 · management and general $151,407
-
11g · Fees: other
total $1,328,855 · program services $1,165,098 · management and general $158,975 · fundraising $4,782
-
12 · Advertising and promotion
total $163,842 · program services $102,587 · management and general $9,645 · fundraising $51,610
-
13 · Office expenses
total $84,824 · program services $21,164 · management and general $42,755 · fundraising $20,905
-
14 · Information technology
total $306,612 · program services $66,651 · management and general $229,961 · fundraising $10,000
-
15 · Royalties
total $0
-
16 · Occupancy
total $711,950 · program services $682,253 · management and general $29,697
-
17 · Travel
total $120,240 · program services $47,070 · management and general $53,547 · fundraising $19,623
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $68,316 · program services $23,372 · management and general $37,024 · fundraising $7,920
-
20 · Interest
total $3,961 · management and general $3,961
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $1,577,831 · program services $1,497,362 · management and general $80,469
-
23 · Insurance
total $124,380 · program services $106,187 · management and general $14,217 · fundraising $3,976
-
24a · Other expenses: CAMPUS MAINTENANCE
total $771,556 · program services $733,423 · management and general $38,133
-
24b · Other expenses: ATHLETIC
total $236,084 · program services $236,084
-
24c · Other expenses: STUDENT ACTIVITY
total $147,647 · program services $147,647
-
24d · Other expenses: INSTRUCTIONAL
total $110,663 · program services $110,663
-
24e · All other expenses
total $341,550 · program services $242,549 · management and general $82,951 · fundraising $16,050
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $0 · end of year $0
-
2 · Savings and temporary cash investments
beginning of year $6,726,172 · end of year $7,284,492
-
3 · Pledges and grants receivable
beginning of year $35,408 · end of year $0
-
4 · Accounts receivable
beginning of year $84,277 · end of year $37,877
-
5 · Loans and receivables from officers and key people
beginning of year $0 · end of year $0
-
6 · Loans and receivables from disqualified persons
beginning of year $0 · end of year $0
-
7 · Other notes and loans receivable
beginning of year $0 · end of year $0
-
8 · Inventories for sale or use
beginning of year $0 · end of year $0
-
9 · Prepaid expenses and deferred charges
beginning of year $519,632 · end of year $489,669
-
10a · Land, buildings and equipment: cost or other basis
$51,773,853
-
10b · Land, buildings and equipment: accumulated depreciation
$27,207,092
-
10c · Land, buildings and equipment, net
beginning of year $24,324,448 · end of year $24,566,761
-
11 · Investments: publicly traded securities
beginning of year $147,065,529 · end of year $152,692,908
-
12 · Investments: other securities
beginning of year $14,655,765 · end of year $15,497,783
-
13 · Investments: program-related
beginning of year $0 · end of year $0
-
14 · Intangible assets
beginning of year $0 · end of year $0
-
15 · Other assets
beginning of year $7,878,128 · end of year $8,172,263
-
17 · Accounts payable and accrued expenses
beginning of year $1,362,808 · end of year $1,080,303
-
18 · Grants payable
beginning of year $0 · end of year $0
-
19 · Deferred revenue
beginning of year $270,429 · end of year $238,564
-
20 · Tax-exempt bond liabilities
beginning of year $0 · end of year $0
-
21 · Escrow or custodial account liability
beginning of year $0 · end of year $0
-
22 · Loans and payables to officers and key people
beginning of year $0 · end of year $0
-
23 · Secured mortgages and notes payable
beginning of year $0 · end of year $0
-
24 · Unsecured notes and loans payable
beginning of year $0 · end of year $0
-
25 · Other liabilities
beginning of year $0 · end of year $0
-
27 · Net assets without donor restrictions
beginning of year $158,876,672 · end of year $164,440,836
-
28 · Net assets with donor restrictions
beginning of year $40,779,450 · end of year $42,982,050
Mission and programs · 2024
Mission
THE CHURCH FARM SCHOOL PREPARES A DIVERSE GROUP OF BOYS WITH ACADEMIC ABILITY AND GOOD CHARACTER TO LEAD PRODUCTIVE AND FULFILLING LIVES BY MAKING A COLLEGE PREPARATORY EDUCATION FINANCIALLY ACCESSIBLE.
Activities or mission (Part I)
SEE SCHEDULE O
-
PROVISION OF A RESIDENTIAL COLLEGE PREPARATORY ENVIRONMENT FOR BOYS IN GRADES 9 THROUGH 12 FROM FINACIALLY DESERVING FAMILIES. THE SCHOOL PROVIDES EDUCATION, HOUSING, FOOD, SOCIAL ACTIVITIES, SUPPORT SERVICES, SOME TRANSPORTATION, AND A WORK PROGRAM FOR APPROXIMATELY 186 BOYS ON A 150 ACRE CAMPUS. NEARLY 100% OF CFS GRADUATES GO ON TO MATRICULATE TO 4 YEAR COLLEGES AND UNIVERSITIES.
Expenses $9,383,113 · Revenue $613,333
As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Rev Edmund K Sherrill II
Former HEAD OF SCHOOL
- Total calculated
- $427,970
- From this org
- $331,368
- From related orgs
- $0
- Other
- $96,602
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $331,368
- Bonus
- $0
- Other
- $0
- Deferred
- $57,435
- Nontaxable benefits
- $39,167
- Filer's total
- $427,970
-
Tiffany McDonald-Scott
Interim Head of School
- Total calculated
- $223,565
- From this org
- $206,864
- From related orgs
- $0
- Other
- $16,701
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $206,864
- Bonus
- $0
- Other
- $0
- Deferred
- $9,400
- Nontaxable benefits
- $7,301
- Filer's total
- $223,565
-
Karen K Wertz
Director of Finance
- Total calculated
- $221,923
- From this org
- $197,852
- From related orgs
- $0
- Other
- $24,071
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $197,852
- Bonus
- $0
- Other
- $0
- Deferred
- $9,360
- Nontaxable benefits
- $14,711
- Filer's total
- $221,923
-
Margaret Van Steenwyk
Assistant Head of School
- Total calculated
- $203,748
- From this org
- $159,767
- From related orgs
- $0
- Other
- $43,981
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $159,767
- Bonus
- $0
- Other
- $0
- Deferred
- $8,412
- Nontaxable benefits
- $35,569
- Filer's total
- $203,748
-
Brandon A Herbert
Director of Admissions
- Total calculated
- $146,983
- From this org
- $123,971
- From related orgs
- $0
- Other
- $23,012
- Hours/week
- 50
-
Suni K Blackwell
Director of Residential Life
- Total calculated
- $141,038
- From this org
- $134,582
- From related orgs
- $0
- Other
- $6,456
- Hours/week
- 50
-
Arthur S Smith
Faculty Teacher
- Total calculated
- $134,165
- From this org
- $128,545
- From related orgs
- $0
- Other
- $5,620
- Hours/week
- 50
-
Vincent J Napoleon
Chairman
- Total calculated
- $0
- Hours/week
- 3
-
alemayehu Addis
Treasurer
- Total calculated
- $0
- Hours/week
- 3
-
carol Aichele
secretary
- Total calculated
- $0
- Hours/week
- 3
-
Andrew Carrigan
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
michael J Hankin
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
rev preston B Hannibal
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Paul Krieger
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Lauren L Miller
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Romane Paul
Board member
- Total calculated
- $0
- Hours/week
- 1
-
Caroline Buck Rogers
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Geoff Sheehan
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Kari Tank-Nielsen
Board member
- Total calculated
- $0
- Hours/week
- 1
-
Marc Turner
Board member
- Total calculated
- $0
- Hours/week
- 1
-
David F Zimmerman
Board member
- Total calculated
- $0
- Hours/week
- 1
-
Tammy James
board member
- Total calculated
- $0
- Hours/week
- 1
-
Mani Sabapathi
Board Member
- Total calculated
- $0
- Hours/week
- 1
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. 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 · 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 survey or study
- 3 · Approval by the board or compensation committee
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 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)
- SCHEDULE J, PART I, LINE 1:
- THE SCHOOL PROVIDES HOUSING AND OTHER BENEFITS TO CERTAIN KEY EMPLOYEES AS A REQUIREMENT OF THEIR DUTIES OR AS A BENEFIT OF EMPLOYMENT. THE VALUE OF THESE BENEFITS ARE INCLUDED IN THE TAXABLE WAGES OF THESE EMPLOYEES, TO THE EXTENT THEY ARE NOT OTHERWISE EXCLUDED FROM SUCH BY THE INTERNAL REVENUE CODE AND ALL ARE DISCLOSED, AS REQUIRED, ON FORM 990, PART VII AND SCHEDULE J. THERE ARE SOME TAX INDEMNIFICATION BENEFITS PROVIDED TO FACULTY OF LONG TERM TENURE.
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
- 2024
- Filed
- 15 May 2026
- IRS schema version
- 2024v5.2
- Source object
- 202620899349300142
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