Hampton Roads Classical
Nonprofit profile at a glance
- EIN
- 842417020
- IRS 990 coverage
- 2020–2024
- Forms available
- Form 990 2024, Form 990-N 2019
- Location
- Smithfield, VA, USA
- Phone
- 7575423901
- Rating
- 77
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Elementary, Secondary Education, K - 12
Reported finances
- Revenue
- $169,392
- Expenses
- $291,115
- Assets
- $0
- Liabilities
- $0
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
3 people listed
Executive titles in this filing
- PHILLIP GIST (PRESIDENT)
- GARY PORTER (VICE PRESIDENT)
Highest reported compensation
- PHILLIP GIST (PRESIDENT): $28,460 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The mission of hampton roads classical is to cultivate intellectual, moral, and civic virtue in our students through a rigorous american classical education that disciplines the mind to a lifelong pursuit of wisdom grounded in the objective standards of truth, goodness, and beauty intrinsic to the human spirit.
What it reported doing in 2024
Educational services for k-7 students, monday through friday from 8:30am to 3pm.
Operating model
- Revenue model
- Donor-supported. 61% of the money available for current operations came from contributions and gifts.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 85
- Transparency & Controls: 85
- Accountability: 74
- Sustainability: 5
- Growth: 40
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 99.4%; rating input score 99
- Program expense ratio: 89.7%; rating input score 90
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 90.9%; rating input score 91; 13th percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 3 of 8 controls in place; rating input score 38
- Conflict-of-interest policy: Pass
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: Fail
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: -71.9%; rating input score 3; 3rd percentile among comparable filings
- Total-asset coverage ratio: 0; rating input score 1; 1st percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 9.8%; rating input score 29; 29th percentile among comparable filings
Growth
- Program expense growth: 18.7% per year; rating input score 100; 83rd percentile among comparable filings
- Revenue growth: -3.6% per year; rating input score 0; 13th percentile among comparable filings
- Asset growth: -14% per year; rating input score 0; 4th percentile among comparable filings
Details
- Where the money goes: 99.4% of revenue deployed · 89.7% of spending went to programs
- Governance: 3 of 2 board members independent · 3 of 8 filing controls reported
- Programs: 1 filed program accomplishment · $261K in reported program spending
- Leadership: top reported pay $28K · 3 people listed
- Consistency: 19 of 20 current checks pass · 1 finding to review
- Schedules: 6 filed schedules · includes major donors
- Filing history: 5 filing years from 2020 to 2024
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Moderate — Accountability: Governance controls: 4 of 7 not reported.
- High — Sustainability: Operating margin scored 3/100.
- High — Growth: Revenue growth scored 0/100.
- High — Sustainability: Total-asset coverage ratio scored 1/100.
- Moderate — Transparency & Controls: Independent members within voting members did not reconcile in the filed values.
- High — Growth: Asset growth scored 0/100.
- High — Sustainability: Officer compensation ratio scored 29/100.