Village School

Nonprofit profile at a glance

EIN
541745508
IRS 990 coverage
2013–2023
Forms available
Form 990 2023
Location
Charlottesville, VA, USA
Phone
4349844404
Rating
71
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Primary, Elementary Schools

Official website

Reported finances

Revenue
$1,768,690
Expenses
$1,659,665
Assets
$3,011,478
Liabilities
$832,094

Source: IRS Form 990. Selected filing: tax year 2023. Amounts in USD.

Leadership & pay

4 people listed

Executive titles in this filing

  • JAMIE KNORR (PRESIDENT)
  • PROAL HEARTWELL (VICE PRESIDENT & SECRETARY)

Highest reported compensation

  • ELIZA O'CONNEL (HEAD OF SCHOOL): $144,383 total reported compensation
  • PROAL HEARTWELL (VICE PRESIDENT & SECRETARY): $108,391 total reported compensation
  • JAMIE KNORR (PRESIDENT): $49,156 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2023. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Village school is a warm and welcoming place for girls to discover their strengths, find their own voices, and grow into confident, self-reliant, and intellectually curious learners. By providing the skills and support necessary to engage in a challenging four-year curriculum, village school prepares girls to safely take risks and make responsible personal and academic choices.we believe that:- an all-girls environment allows girls to develop independent self expression.- enhancing the social, emotional, and physical well being of the girls is necessary for a well-rounded education.- extending learning beyond the classroom walls and into the community fosters compassion and social responsibility.

What it reported doing in 2023

Village school's singular program is the education of girls in grades 5 through 8. It provides core instruction in math, english, history, latin and science to 81 students as well as classes in study skills, music, dance, drama, art and health.

Operating model

Revenue model
Earned-program. 95% of the money available for current operations came from fees and other program revenue.
Distribution model
Direct operator. The filing allocates 94% 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. A relatively small share of voting board members are independent and some filing-based governance responses are negative or unanswered.

Rating breakdown

  • Financial Efficiency: 75
  • Transparency & Controls: 94
  • Accountability: 28
  • Sustainability: 49
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 81.4%; rating input score 81
  • Program expense ratio: 88.2%; rating input score 88
  • Fundraising efficiency: $2 raised per $1 spent on fundraising; rating input score 6; 6th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 100%; rating input score 100; 76th percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 33.3%; rating input score 33; 10th percentile among comparable filings
  • Governance controls: 2 of 9 controls in place; rating input score 22
    • Conflict-of-interest policy: Fail
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: Fail
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 6.2%; rating input score 54; 54th percentile among comparable filings
  • Total-asset coverage ratio: 1.81; rating input score 62; 62nd percentile among comparable filings
  • Liabilities to assets ratio: 0.28; rating input score 27; 27th percentile among comparable filings
  • Officer compensation ratio: 18.2%; rating input score 17; 17th percentile among comparable filings

Growth

  • Program expense growth: 3.6% per year; rating input score 100; 37th percentile among comparable filings
  • Revenue growth: 3% per year; rating input score 100; 34th percentile among comparable filings
  • Asset growth: 6.4% per year; rating input score 100; 45th percentile among comparable filings

Details

  • Where the money goes: 81.4% of revenue deployed · 88.2% of spending went to programs
  • Governance: 1 of 3 board members independent · 2 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $1.5M in reported program spending
  • Leadership: top reported pay $144K · 4 people listed
  • Consistency: 30 of 30 current checks pass
  • Schedules: 7 filed schedules · includes major donors and grants
  • Filing history: 11 filing years from 2013 to 2023
  • Contacts: How to reach this organization
  • Money network: 3 filed money-flow records
  • 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: Independent voting board scored 33/100.
  • High — Accountability: Governance controls: 6 of 8 not reported.
  • High — Financial Efficiency: Fundraising efficiency scored 6/100.
  • Review — Sustainability: Operating margin scored 54/100.
  • High — Sustainability: Officer compensation ratio scored 17/100.
  • High — Sustainability: Liabilities to assets ratio scored 27/100.