Totals
- Total revenue
- $25,783,835
- Total expenses
- $25,548,803
- Contributions and grants received
- $1,398,669
- Grants paid
- $3,222,620
- Program service revenue
- $23,357,748
- Investment income
- $691,386
- Other revenue
- $336,032
- Total assets, end of year
- $30,520,420
- Total liabilities, end of year
- $9,275,366
- Net assets or fund balances, end of year
- $21,245,054
- Program services expenses (Part IX)
- $20,543,386
- Management and general expenses
- $4,568,170
- Fundraising expenses
- $437,247
- Program service expenses (Part III)
- $20,543,386
Program services were 80.4% 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.
-
1d · Related organizations
$965,431
-
1f · All other contributions, gifts and grants
$433,238
-
1g · Noncash contributions included above
$14,960
-
2a · Program service revenue: STUDENT TUITIONS
total $20,958,955 · related or exempt $20,958,955
-
2b · Program service revenue: STUDENT FEES
total $1,552,449 · related or exempt $1,552,449
-
2c · Program service revenue: SUMMER CAMP
total $846,344 · related or exempt $846,344
-
3 · Investment income
total $685,781 · excluded $685,781
-
6a · Gross rents
real property $44,895
-
6b · Less rental expenses
real property $0
-
6c · Rental income or loss
real property $44,895
-
6d · Net rental income or loss
total $44,895 · excluded $44,895
-
7a · Gross sales of assets other than inventory
securities $4,500,000 · other assets $507
-
7b · Less cost or other basis and sales expenses
securities $4,500,000 · other assets -$5,098
-
7c · Gain or loss
securities $0 · other assets $5,605
-
7d · Net gain or loss
total $5,605 · excluded $5,605
-
8a · Fundraising events: gross income
$291,692
-
8b · Fundraising events: direct expenses
$145,186
-
8c · Net income from fundraising events
total $146,506 · excluded $146,506
-
10a · Gross sales of inventory
$89,617
-
10b · Cost of goods sold
$60,368
-
10c · Net income from sales of inventory
total $29,249 · related or exempt $29,249
-
11a · Other revenue: BILLING FEE INCOME
total $77,340 · related or exempt $77,340
-
11d · All other revenue
total $38,042 · related or exempt $38,042
-
11e · Other revenue, total
$115,382
Functional expenses
Part IX, the statement of functional expenses.
-
2 · Grants to domestic individuals
total $3,222,620 · program services $3,222,620
-
5 · Compensation of officers, directors and key employees
total $662,004 · program services $117,060 · management and general $427,884 · fundraising $117,060
-
7 · Other salaries and wages
total $10,503,906 · program services $8,264,638 · management and general $1,999,370 · fundraising $239,898
-
8 · Pension plan contributions
total $473,243 · program services $393,297 · management and general $73,698 · fundraising $6,248
-
9 · Other employee benefits
total $2,694,052 · program services $2,202,829 · management and general $444,570 · fundraising $46,653
-
10 · Payroll taxes
total $806,864 · program services $637,133 · management and general $150,971 · fundraising $18,760
-
11b · Fees: legal
total $83,046 · management and general $83,046
-
11c · Fees: accounting
total $44,081 · management and general $44,081
-
12 · Advertising and promotion
total $236,533 · program services $78,844 · management and general $157,689
-
13 · Office expenses
total $245,768 · program services $23,239 · management and general $222,529
-
14 · Information technology
total $273,478 · program services $136,739 · management and general $136,739
-
16 · Occupancy
total $1,470,004 · program services $1,298,167 · management and general $171,837
-
17 · Travel
total $40,291 · management and general $40,291
-
19 · Conferences, conventions and meetings
total $187,970 · program services $148,446 · management and general $39,524
-
20 · Interest
total $147,836 · program services $130,555 · management and general $17,281
-
22 · Depreciation, depletion and amortization
total $2,188,448 · program services $1,932,629 · management and general $255,819
-
24a · Other expenses: STUDENT SUPPORT SERVICE
total $761,880 · program services $761,880
-
24b · Other expenses: INSTRUCTIONAL EXPENSES
total $435,735 · program services $435,735
-
24c · Other expenses: SUMMER CAMP EXPENSES
total $373,977 · program services $373,977
-
24d · Other expenses: BAD DEBT EXPENSE
total $120,876 · program services $120,876
-
24e · All other expenses
total $576,191 · program services $264,722 · management and general $302,841 · fundraising $8,628
Balance sheet
Part X, book values.
-
2 · Savings and temporary cash investments
beginning of year $5,041,347 · end of year $5,724,190
-
3 · Pledges and grants receivable
beginning of year $26,202 · end of year $31,501
-
4 · Accounts receivable
beginning of year $88,238 · end of year $205,324
-
8 · Inventories for sale or use
beginning of year $36,159 · end of year $43,137
-
9 · Prepaid expenses and deferred charges
beginning of year $448,969 · end of year $473,296
-
10a · Land, buildings and equipment: cost or other basis
$55,705,789
-
10b · Land, buildings and equipment: accumulated depreciation
$40,121,845
-
10c · Land, buildings and equipment, net
beginning of year $16,597,965 · end of year $15,583,944
-
11 · Investments: publicly traded securities
end of year $7,766,574
-
12 · Investments: other securities
beginning of year $7,727,506
-
15 · Other assets
beginning of year $346,478 · end of year $692,454
-
17 · Accounts payable and accrued expenses
beginning of year $1,348,406 · end of year $1,510,815
-
19 · Deferred revenue
beginning of year $3,462,467 · end of year $3,713,758
-
20 · Tax-exempt bond liabilities
beginning of year $4,152,634 · end of year $3,746,525
-
21 · Escrow or custodial account liability
beginning of year $132,776 · end of year $163,672
-
25 · Other liabilities
beginning of year $79,703 · end of year $140,596
-
27 · Net assets without donor restrictions
beginning of year $20,975,361 · end of year $21,105,142
-
28 · Net assets with donor restrictions
beginning of year $161,517 · end of year $139,912
Mission and programs · 2024
Mission
OUR MISSION IS TO PREPARE STUDENTS FOR COLLEGE AND LIFE IN A COMMUNITY DEFINED BY ROBUST ACADEMICS, INSPIRATION, ENGAGEMENT, AND CARE. WE BELIEVE A DIVERSITY OF TALENTS, ABILITIES, AND CULTURES AMONG OUR STUDENT BODY OFFERS A RICH AND WELL-ROUNDED EDUCATIONAL EXPERIENCE. WE VALUE OUR SENSE OF COMMUNITY, MADE POSSIBLE BY OUR COMMITMENT TO A RELATIVELY SMALL POPULATION.
Activities or mission (Part I)
THE STEWARD SCHOOL PROVIDES FORMAL INSTRUCTION FOR GRADES JK THROUGH 12 AND MAINTAINS A REGULAR FACULTY AND CURRICULUM. ENROLLMENT IS APPROXIMATELY 716.
-
THE STEWARD SCHOOL PROVIDES FORMAL INSTRUCTION FOR GRADES JK THROUGH 12 AND MAINTAINS A REGULAR FACULTY & CURRICULUM. ENROLLMENT IS APPROXIMATELY 716.
Expenses $19,624,382 · Grants $3,222,620 · Revenue $21,103,586
-
THE STEWARD SCHOOL PROVIDES AUXILIARY PROGRAMS TO BENEFIT OUR SCHOOL COMMUNITY. THESE PROGRAMS INCLUDE AFTER SCHOOL CARE, ENRICHMENT SERIES, AND INSTRUCTIONAL SUPPORT.
Expenses $487,146 · Revenue $1,552,449
-
THE STEWARD SCHOOL PROVIDES SUMMER PROGRAMMING FOR THE GREATER RICHMOND AREA FOR CHILDREN IN RISING GRADES JK-9 THROUGH OUR SUMMER EXPERIENCE PROGRAM.
Expenses $431,858 · Revenue $846,344
As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
G Daniel FrankG DANIEL FRANK
PRESIDENT
- Total calculated
- $404,917
- From this org
- $350,109
- From related orgs
- $0
- Other
- $54,808
- Hours/week
- 50 + 2 related
Schedule J breakdown matched by us
- Base
- $299,619
- Bonus
- $30,000
- Other
- $20,490
- Deferred
- $20,400
- Nontaxable benefits
- $34,408
- Filer's total
- $404,917
-
Jason HerzogJASON HERZOG
CHAIR
- Total calculated
- $0
- Hours/week
- 4
-
Lisa LandryLISA LANDRY
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 2
-
Tarsha AdkinsTARSHA ADKINS
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Taylor BrewerTAYLOR BREWER
ASSISTANT SECRETARY
- Total calculated
- $63,323
- From this org
- $51,140
- From related orgs
- $0
- Other
- $12,183
- Hours/week
- 39 + 1 related
-
Gregory TreppGREGORY TREPP
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Carolyn BrandtCAROLYN BRANDT
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Tanya CummingsTANYA CUMMINGS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Jane DufraneJANE DUFRANE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Ram NatarajanRAM NATARAJAN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Karol OlexyKAROL OLEXY
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Faisal QureshiFAISAL QURESHI
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Genevieve RobertsGENEVIEVE ROBERTS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Susan TwiningSUSAN TWINING
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Matthew WilliamsMATTHEW WILLIAMS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Jimmy BensonJIMMY BENSON
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Melodie FranklinMELODIE FRANKLIN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Amanda HerronAMANDA HERRON
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Krista JonesKRISTA JONES
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Rjay PolingRJAY POLING
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Zee LadakZEE LADAK
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
David FratkinDAVID FRATKIN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Lisa DwelleLISA DWELLE
ASSOC. HEAD OF SCHOOL
- Total calculated
- $193,766
- From this org
- $167,600
- From related orgs
- $0
- Other
- $26,166
- Hours/week
- 50 + 2 related
Schedule J breakdown matched by us
- Base
- $157,014
- Bonus
- $10,000
- Other
- $586
- Deferred
- $9,810
- Nontaxable benefits
- $16,356
- Filer's total
- $193,766
-
Susan AtkinsonSUSAN ATKINSON
DIRECTOR OF MIDDLE SCHOOL
- Total calculated
- $160,038
- From this org
- $137,951
- From related orgs
- $0
- Other
- $22,087
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $136,887
- Bonus
- $0
- Other
- $1,064
- Deferred
- $8,405
- Nontaxable benefits
- $13,682
- Filer's total
- $160,038
-
Rebecca GrovesREBECCA GROVES
DIRECTOR OF LOWER SCHOOL
- Total calculated
- $161,000
- From this org
- $113,675
- From related orgs
- $0
- Other
- $47,325
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $112,960
- Bonus
- $0
- Other
- $715
- Deferred
- $6,534
- Nontaxable benefits
- $40,791
- Filer's total
- $161,000
-
Shahwar QureshiSHAHWAR QURESHI
DIRECTOR OF TECHNOLOGY
- Total calculated
- $148,251
- From this org
- $100,647
- From related orgs
- $0
- Other
- $47,604
- Hours/week
- 50
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 · Health or social club dues or initiation fees
- 1b · Written policy on the line-1a expenses
- 2 · Substantiation required before reimbursing expenses
- 3 · Compensation committee
- 3 · Form 990 of other organizations
- 3 · Written employment contract
- 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
- HEAD OF SCHOOL, DAN FRANK, RECEIVES THESE BENEFITS. THE SPENDING ACCOUNT IS NOT TAXABLE AND IS NOT FOR PERSONAL EXPENSES. DISCRETIONARY SPENDING ACCOUNT - THE HEAD OF SCHOOL HAS ACCESS TO FUNDS FOR USE WITH VIP LUNCHES, STAFF GIFTS, STUDENT EVENTS, AND OFFICE ITEMS. HEALTH CLUB/PERSONAL SERVICES - THE SCHOOL PAYS FOR A HEALTH CONCIERGE SERVICE FOR THE HEAD OF SCHOOL. THIS IS PART OF HIS OVERALL COMPENSATION PACKAGE AND IS TREATED AS A TAXABLE BENEFIT.
- PART I, LINE 7
- BONUSES WERE AWARDED BASED ON PERFORMANCE.
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.
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
501(C)(3) · FOUNDATION/ SUPPORTING ORGANIZATION · VA · controlled entity
Directly controlled by THE STEWARD SCHOOL
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 23 March 2026
- IRS schema version
- 2024v5.5
- Source object
- 202620869349300512
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