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← PROTESTANT EPISCOPAL HIGH SCHOOL IN VIRGINIA

Form 990 for tax year 2024

Filed by PROTESTANT EPISCOPAL HIGH SCHOOL IN VIRGINIA.

Totals

Total revenue
$66,245,622
Total expenses
$60,340,419
Contributions and grants received
$20,139,290
Grants paid
$8,811,014
Program service revenue
$33,858,495
Investment income
$11,435,858
Other revenue
$811,979
Total assets, end of year
$656,094,066
Total liabilities, end of year
$77,861,219
Net assets or fund balances, end of year
$578,232,847
Program services expenses (Part IX)
$43,647,044
Management and general expenses
$10,820,083
Fundraising expenses
$5,873,292
Program service expenses (Part III)
$43,647,044

Program services were 72.3% 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.

  • 1f · All other contributions, gifts and grants

    $20,139,290

  • 1g · Noncash contributions included above

    $1,157,714

  • 2a · Program service revenue: TUITION AND FEES

    total $33,158,072 · related or exempt $33,158,072

  • 2b · Program service revenue: SUMMER PROGRAMS

    total $423,141 · related or exempt $423,141

  • 2c · Program service revenue: AUXILIARY FEES

    total $151,862 · related or exempt $151,862

  • 2d · Program service revenue: FOREIGN STUDY

    total $125,420 · related or exempt $125,420

  • 3 · Investment income

    total $9,266,942 · unrelated business $389,552 · excluded $8,877,390

  • 6a · Gross rents

    real property $534,372

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $534,372

  • 6d · Net rental income or loss

    total $534,372 · excluded $534,372

  • 7a · Gross sales of assets other than inventory

    securities $143,150,747

  • 7b · Less cost or other basis and sales expenses

    securities $140,860,116 · other assets $121,715

  • 7c · Gain or loss

    securities $2,290,631 · other assets -$121,715

  • 7d · Net gain or loss

    total $2,168,916 · excluded $2,168,916

  • 10a · Gross sales of inventory

    $557,476

  • 10b · Cost of goods sold

    $417,486

  • 10c · Net income from sales of inventory

    total $139,990 · excluded $139,990

  • 11a · Other revenue: OTHER REVENUE

    total $137,317 · excluded $137,317

  • 11b · Other revenue: TENNIS AND SWIM CLUB

    total $300 · unrelated business $300

  • 11e · Other revenue, total

    $137,617

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $8,811,014 · program services $8,811,014

  • 5 · Compensation of officers, directors and key employees

    total $1,075,598 · program services $782,533 · management and general $157,253 · fundraising $135,812

  • 7 · Other salaries and wages

    total $16,928,274 · program services $12,201,391 · management and general $2,542,782 · fundraising $2,184,101

  • 8 · Pension plan contributions

    total $1,419,055 · program services $1,105,881 · management and general $163,921 · fundraising $149,253

  • 9 · Other employee benefits

    total $3,652,857 · program services $2,846,700 · management and general $421,957 · fundraising $384,200

  • 10 · Payroll taxes

    total $1,258,059 · program services $980,415 · management and general $145,324 · fundraising $132,320

  • 11b · Fees: legal

    total $25,393 · management and general $25,393

  • 11c · Fees: accounting

    total $130,375 · management and general $130,375

  • 11f · Fees: investment management

    total $2,461,985 · management and general $2,461,985

  • 11g · Fees: other

    total $1,303,431 · program services $898,833 · management and general $243,703 · fundraising $160,895

  • 12 · Advertising and promotion

    total $423,775 · program services $347,060 · fundraising $76,715

  • 13 · Office expenses

    total $406,052 · program services $164,588 · management and general $5,979 · fundraising $235,485

  • 14 · Information technology

    total $1,233,186 · program services $738,184 · management and general $305,692 · fundraising $189,310

  • 16 · Occupancy

    total $3,355,254 · program services $2,417,057 · management and general $504,694 · fundraising $433,503

  • 17 · Travel

    total $585,949 · program services $529,645 · management and general $22,678 · fundraising $33,626

  • 19 · Conferences, conventions and meetings

    total $213,886 · program services $163,413 · management and general $50,340 · fundraising $133

  • 20 · Interest

    total $2,219,558 · program services $1,593,325 · management and general $341,021 · fundraising $285,212

  • 22 · Depreciation, depletion and amortization

    total $6,850,864 · program services $4,753,845 · management and general $1,246,060 · fundraising $850,959

  • 23 · Insurance

    total $576,071 · management and general $576,071

  • 24a · Other expenses: FOOD SERVICE

    total $3,161,776 · program services $3,161,776

  • 24b · Other expenses: CLASSROOM EXPENSES

    total $711,690 · program services $711,690

  • 24c · Other expenses: ON-CAMPUS

    total $504,364 · management and general $251,247 · fundraising $253,117

  • 24d · Other expenses: ATHLETICS

    total $481,988 · program services $481,988

  • 24e · All other expenses

    total $2,549,965 · program services $957,706 · management and general $1,223,608 · fundraising $368,651

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $7,228,147 · end of year $3,664,241

  • 2 · Savings and temporary cash investments

    beginning of year $6,592,189 · end of year $10,259,615

  • 3 · Pledges and grants receivable

    beginning of year $13,506,362 · end of year $14,910,855

  • 4 · Accounts receivable

    beginning of year $581,769 · end of year $306,978

  • 5 · Loans and receivables from officers and key people

    beginning of year $119,514 · end of year $119,514

  • 8 · Inventories for sale or use

    beginning of year $78,398 · end of year $122,052

  • 9 · Prepaid expenses and deferred charges

    beginning of year $950,693 · end of year $803,366

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

    $261,753,849

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

    $101,019,152

  • 10c · Land, buildings and equipment, net

    beginning of year $161,565,327 · end of year $160,734,697

  • 11 · Investments: publicly traded securities

    beginning of year $32,654,639 · end of year $29,640,773

  • 12 · Investments: other securities

    beginning of year $174,077,622 · end of year $200,779,385

  • 15 · Other assets

    beginning of year $220,126,323 · end of year $234,752,590

  • 17 · Accounts payable and accrued expenses

    beginning of year $3,413,134 · end of year $2,977,150

  • 19 · Deferred revenue

    beginning of year $3,893,875 · end of year $4,211,647

  • 20 · Tax-exempt bond liabilities

    beginning of year $72,102,262 · end of year $70,135,527

  • 25 · Other liabilities

    beginning of year $411,673 · end of year $536,895

  • 27 · Net assets without donor restrictions

    beginning of year $156,196,160 · end of year $168,432,182

  • 28 · Net assets with donor restrictions

    beginning of year $381,463,879 · end of year $409,800,665

Mission and programs · 2024

Mission

GUIDED BY ITS FOUNDING PRINCIPLES OF HONOR, ACADEMIC DISTINCTION, SPIRITUAL GROWTH, AND COMMUNITY, EPISCOPAL HIGH SCHOOL PREPARES YOUNG PEOPLE WITH THE INTELLECTUAL AND MORAL COURAGE TO PURSUE LIVES OF ETHICAL LEADERSHIP AND SERVICE AS CITIZENS OF AN INCREASINGLY CONNECTED WORLD.

Activities or mission (Part I)

THE INSTITUTION'S PRIMARY EXEMPT PURPOSE IS TO PROVIDE EDUCATION TO HIGH SCHOOL STUDENTS.

  • THE PROTESTANT EPISCOPAL HIGH SCHOOL IN VIRGINIA, FOUNDED IN 1839, IS A CO-ED COLLEGE PREPARATORY, 100% BOARDING SCHOOL (440 STUDENTS IN GRADES 9-12) LOCATED ON A 135-ACRE CAMPUS IN THE CITY OF ALEXANDRIA, VIRGINIA, APPROXIMATELY SEVEN MILES FROM WASHINGTON, DC. EPISCOPAL IS DEDICATED TO THE STUDENT'S PURSUIT OF EXCELLENCE AND TO THE JOY OF LEARNING AND SELF-DISCOVERY IN A CARING AND SUPPORTIVE COMMUNITY. ENRICHED BY THE EDUCATIONAL AND CULTURAL RESOURCES OF THE NATION'S CAPITAL, EPISCOPAL'S DYNAMIC ACADEMIC PROGRAM ENCOURAGES STUDENTS TO DEVELOP INDIVIDUAL TALENTS AND PREPARES THEM TO ATTEND SELECTIVE COLLEGES AND UNIVERSITIES. STUDENTS FROM DIVERSE BACKGROUNDS LIVE AND LEARN TOGETHER IN A RESIDENTIAL COMMUNITY BASED ON A FOUNDATION OF HONOR, RESPONSIBILITY, AND MUTUAL RESPECT. THEY DEVELOP ENDURING RELATIONSHIPS AT EHS AND GROW AS DISCERNING, SELF-RELIANT, CREATIVE, COMPASSIONATE INDIVIDUALS. THE EPISCOPAL HIGH SCHOOL COMMUNITY PREPARES YOUNG PEOPLE TO LEAD PRINCIPLED AND FULFILLING LIVES OF LEADERSHIP AND SERVICE TO OTHERS.

    Expenses $43,647,044 · Grants $8,811,014 · Revenue $33,858,495

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

Listed in Part VII

  • Sarah Knutson

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • Steven Lilly

    VICE-CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Lynn Alexander

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Zack Bacon

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Jonathan S Beane

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Cedric M Bright

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Gretchen C Byrd

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Max C Chapman

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Danny Chen

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Jeff Clarke

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Amanda Cornelson

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Elizabeth W Davis

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Craig Dixon

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • David Dougherty

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Ned Durden

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Bill Farish

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Dr Lenora Gant

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Barbara Harty

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Alex Y Liu

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Lauren Marshall

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Marguerite Stoner

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Helen Grassi Vest

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Wray Whitticom

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • John R Wickham

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Charley Stillwell

    PRESIDENT & HEAD OF SCHOOL

    Total calculated
    $884,087
    From this org
    $628,822
    From related orgs
    $0
    Other
    $255,265
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $511,681
    Bonus
    $81,325
    Other
    $35,816
    Deferred
    $34,500
    Nontaxable benefits
    $220,765
    Filer's total
    $884,087

  • Geoffrey Bennett

    SECRETARY/TREASURER/CFO

    Total calculated
    $237,917
    From this org
    $170,698
    From related orgs
    $0
    Other
    $67,219
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $150,105
    Bonus
    $0
    Other
    $20,593
    Deferred
    $16,000
    Nontaxable benefits
    $51,219
    Filer's total
    $237,917

  • Mary Humphries

    MEDICAL DIRECTOR

    Total calculated
    $382,203
    From this org
    $275,602
    From related orgs
    $0
    Other
    $106,601
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $275,242
    Bonus
    $0
    Other
    $360
    Deferred
    $27,249
    Nontaxable benefits
    $79,352
    Filer's total
    $382,203

  • Christina Holt

    ASST. HEAD FOR ADVANCEMENT

    Total calculated
    $384,103
    From this org
    $232,307
    From related orgs
    $0
    Other
    $151,796
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $207,759
    Bonus
    $0
    Other
    $24,548
    Deferred
    $23,213
    Nontaxable benefits
    $128,583
    Filer's total
    $384,103

  • John O'Neil

    DIRECTOR OF AUXILIARY PROGRAMS

    Total calculated
    $230,636
    From this org
    $211,220
    From related orgs
    $0
    Other
    $19,416
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $195,680
    Bonus
    $0
    Other
    $15,540
    Deferred
    $18,770
    Nontaxable benefits
    $646
    Filer's total
    $230,636

  • Phil Spears

    ASST. HEAD FOR STUDENT LIFE

    Total calculated
    $347,296
    From this org
    $196,539
    From related orgs
    $0
    Other
    $150,757
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $195,711
    Bonus
    $0
    Other
    $828
    Deferred
    $20,709
    Nontaxable benefits
    $130,048
    Filer's total
    $347,296

  • Stefanie Smith

    GENERAL COUNSEL

    Total calculated
    $328,419
    From this org
    $172,771
    From related orgs
    $0
    Other
    $155,648
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $172,414
    Bonus
    $0
    Other
    $357
    Deferred
    $18,261
    Nontaxable benefits
    $137,387
    Filer's total
    $328,419

  • William De Butts III

    FORMER SEC./TREAS/CFO

    Total calculated
    $259,902
    From this org
    $186,566
    From related orgs
    $0
    Other
    $73,336
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $154,609
    Bonus
    $0
    Other
    $31,957
    Deferred
    $14,560
    Nontaxable benefits
    $58,776
    Filer's total
    $259,902

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 · Discretionary spending account
  • 1a · Housing allowance or residence for personal use
  • 1a · Health or social club dues or initiation fees
  • 1a · Personal services (maid, chauffeur, chef)
  • 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
  • 7 · Other non-fixed payments

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
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 1A
ON CAMPUS HOUSING WAS FURNISHED TO CERTAIN EMPLOYEES FOR THE CONVENIENCE OF THE EMPLOYER. THE HOUSING IS NECESSARY TO CARRY OUT THE DUTIES OF THEIR JOBS. WE HAVE DISCLOSED FAIR RENTAL VALUE AS THE VALUE OF THE HOUSING BENEFIT. THE ENTIRE COMPENSATION PACKAGES, INCLUDING THE HOUSING ARRANGEMENT, WERE APPROVED BY THE BOARD OF TRUSTEES WITH PROPER DOCUMENTATION. FOLLOWING EMPLOYEES RECEIVED NON-TAXABLE HOUSING BENEFITS: CHARLES STILLWELL - $184,000 WILLIAM H. DEBUTTS, III - $48,000 GEOFFREY S. BENNETT - $34,944 MARY K. HUMPHRIES - $78,848 CHRISTINA HOLT - $96,000 PHIL SPEARS - $96,000 STEFANIE SMITH - $96,000 C. STILLWELL RECEIVED TAXABLE DUES IN THE AMOUNT OF $11,316 C. STILLWELL RECEIVED NON-TAXABLE PERSONAL SERVICES IN THE AMOUNT OF $8,555. C. STILLWELL RECEIVED NON-TAXABLE DISCRETIONARY SPENDING IN THE AMOUNT OF $21,499.
PART I, LINE 7
HEAD OF SCHOOL IS AWARDED A DISCRETIONARY BONUS BY THE BOARD OF TRUSTEES.

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
16 March 2026
IRS schema version
2024v5.5
Source object
202601359349312085

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