Cause IQ organization profile

Asheville School (AS)

AS is a high school based in Asheville, NC that was founded in 1900. As of 2018 they had $30 million in revenue and $91 million in assets.

Asheville School is a nationally acclaimed coed boarding school for students in grades 9 through 12. This is a nurturing community, where their students and faculty genuinely know one another.

EIN:

56-0530248

City:

Asheville

State:

North Carolina

Website:

ashevilleschool.org

Phone:

(828) 254-6345

Facebook:

facebook.com/AshevilleSchool

Twitter:

@ashevilleschool

Founded:

1900

Type:

501(c)(3)

NTEE:

B25: High schools and secondary schools

Revenue:

$30,485,745

Assets:

$91,211,374

Employees:

156

Fiscal year end:

June

Revenue trends:

Asset trends:

Program areas at AS

Asheville school incorporated is a college preparatory school for students in grades nine through twelve. Students represent nineteen u.s. states and sixteen foreign countries. Twenty-nine percent of students receive financial aid from the school. One hundred percent of students in the class of 2018 are attending college after graduation.

Form 990s for AS

Fiscal year ending	Date received by IRS	Form	PDF link
2018-06	Jun 19, 2019	990	View PDF
2017-06	Mar 14, 2018	990	View PDF
2016-06	Apr 18, 2017	990	View PDF
2015-06	Mar 24, 2016	990	View PDF
2014-06	Dec 4, 2014	990	View PDF
...and four more Form 990 PDFs

Financials for AS

Field	2018	2017	% Change
Federated campaigns	$0	$0
Membership dues	$0	$0
Fundraising event contributions	$0	$0
Related organizations	$0	$0
Government grants (contributions)	$0	$0
Normal grants, contributions, etc.	$6,156,795	$7,484,775	-17.7%
<em>Non-cash contributions included in above</em>	$618,573	$385,507	60.5%
Total grants, contributions, etc.	$6,156,795	$7,484,775	-17.7%

Field	2018	2017	% Change
Total grants, contributions, etc.	$6,156,795	$7,484,775	-17.7%
Program services	$14,798,475	$14,069,132	5.2%
Investment income and dividends	$1,307,694	$1,332,104	-1.8%
Tax-exempt bond proceeds	$0	$0
Royalty revenue	$0	$0
Net rental income	$43,327	$38,934	11.3%
Net gain from sale of non-inventory assets	$8,080,586	$2,529,996	219.4%
Net income from fundraising events	$0	$0
Net income from gaming activities	$0	$0
Net income from sales of inventory	$24,805	$30,964	-19.9%
Miscellaneous revenues	$74,063	$86,365	-14.2%
Total revenues	$30,485,745	$25,572,270	19.2%

Field	2018	2017	% Change
Grants to govts. and orgs. in USA	$0	$0
Grants to individuals in USA	$2,446,959	$2,216,529	10.4%
Grants to govts., orgs., and individuals outside USA	$188,300	$206,380	-8.8%
Benefits paid to or for members	$0	$0
Compensation of current officers, etc.	$541,100	$541,737	-0.1%
Compensation not included above, to disqualified persons	$0	$0
Non-officer salaries and wages	$5,656,259	$5,117,683	10.5%
Pension/retirement accruals and contributions	$543,523	$503,684	7.9%
Other employee benefits	$1,385,502	$1,183,622	17.1%
Payroll taxes	$454,599	$413,717	9.9%
Management fees	$0	$0
Legal fees	$7,073	$24,228	-70.8%
Accounting fees	$43,737	$48,691	-10.2%
Lobbying fees	$0	$0
Pro. fundraising fees	$0	$173,961	-100%
Investment mgmt fees	$0	$0
Other fee-for-service	$0	$0
Advertising and promotion	$0	$0
Office expenses	$242,459	$251,515	-3.6%
Information tech. expenses	$0	$0
Royalty expenses	$0	$0
Occupancy	$375,963	$337,151	11.5%
Travel	$114,242	$119,107	-4.1%
Public official travel and entertainment	$0	$0
Conferences, meetings, etc.	$0	$0
Interest	$129,146	$139,321	-7.3%
Payments to affiliates	$0	$0
Depreciation, amortization, etc.	$1,596,246	$1,526,053	4.6%
Insurance	$0	$0
All other expenses	$4,862,779	$5,140,107	-5.4%
Total expenses	$18,587,887	$17,943,486	3.6%

Field	2018	2017	% Change
Cash (non-interest-bearing)	$2,600	$2,600
Savings, short-term investments, etc.	$8,781,496	$7,571,674	16.0%
Pledges and grants receivable	$6,250,297	$5,056,658	23.6%
Accounts receivable	$630,711	$438,297	43.9%
Loans receivable from officers, directors, etc.	$0	$0
Loans receivable from other disqualified persons	$0	$0
Notes and loans receivable	$0	$0
Inventories for use	$44,156	$35,407	24.7%
Prepaid expenses and deferred charges	$167,162	$373,695	-55.3%
Buildings, equipment, etc. post-depreciation	$21,659,966	$22,639,754	-4.3%
Investments, publicly traded securities	$51,710,111	$49,699,648	4.0%
Investments, other securities	$0	$0
Investments, program-related	$0	$0
Intangible assets	$79,019	$88,050	-10.3%
Other assets	$1,885,856	$1,789,488	5.4%
Total assets	$91,211,374	$87,695,271	4.0%

Field	2018	2017	% Change
Accounts payable and accrued expenses	$1,315,527	$936,927	40.4%
Grants payable	$0	$0
Deferred revenue	$3,204,441	$2,988,501	7.2%
Tax-exempt bond liabilities	$5,260,000	$5,770,000	-8.8%
Escrow or custodial account liability	$0	$0
Loans payable to officers and disqualified persons	$0	$0
Secured mortgages and notes payable to unrelated third parties	$0	$0
Unsecured notes and loans payable to unrelated third parties	$125,000	$325,000	-61.5%
Other liabilities	$409,509	$322,087	27.1%
Total liabilities	$10,314,477	$10,342,515	-0.3%

Field	2018	2017	% Change
Unrestricted net assets	$33,453,753	$32,969,038	1.5%
Temporarily restricted net assets	$11,731,218	$11,362,374	3.2%
Permanently restricted net assets	$35,711,926	$33,021,344	8.1%

Vendors for AS

Vendor	Services	Amount paid	Date
Blackbaud	CRM software; Fundraising software		2020-06-15
███████	Marketing software; CRM software; Content management system software		2020-06-15
███████ ███ ███ ███████ ██	Tax accounting		2019-02-08
███████	Food Service	$1,204,638	2018-06-01
███ █████ ███	Insurance	$183,805	2018-06-01
██████ ██████ ███ ██████████	Recruiting	$151,706	2018-06-01
███ ████████████	Construction	$122,538	2018-06-01
███████ ██████ ████████████ ████	Cleaning	$274,940	2018-06-01
...and three more vendors

Personnel at AS

Name	Title	Compensation	Most recent data
Leigh Ruhl	Assistant Head of School for Advancement	-	Aug. 6, 2019
Robert McArthur	Assistant Head of School for Operations, Chief Financial Officer	$88,137	Aug. 6, 2019
████ ████	Assistant Director of Communications	-	Aug. 6, 2019
███ ████████	Director of Communications, App Development Camp Co - Director, Robotics Coach	-	Aug. 6, 2019
██████ ███████████	Associate Director of Communications	-	Aug. 6, 2019
█████ ████████	Associate Director of Admission and Financial Aid, Head Varsity Girls Tennis Coach, Varsity Boys Tennis Assistant Coach	-	Aug. 6, 2019
████ █████	Director of Admission, Head Cross Country Coach	-	Aug. 6, 2019
█████ ██████	Director of Counseling	-	Dec. 10, 2018
████ ██████	Director of Athletics	-	Aug. 6, 2019
████ ████████	Assistant Director of Athletics	-	Aug. 6, 2019
...and 13 more key personnel

Peer high schools and secondary schools

	Name	Type	Revenue	Location
1	KIPP Academy Charlotte	501(c)(3)	$7.8 million	Charlotte, NC
2	Charlotte Latin Schools	501(c)(3)	$39 million	Charlotte, NC
3	Providence Day School (PDS)	501(c)(3)	$43 million	Charlotte, NC
4	Cannon School	501(c)(3)	$23 million	Concord, NC
5	Arendell Parrott Academy	501(c)(3)	$8.9 million	Kinston, NC
6	Cape Fear Academy	501(c)(3)	$12 million	Wilmington, NC
7	Charlotte Christian School	501(c)(3)	$20 million	Charlotte, NC
8	Cary Academy	501(c)(3)	$24 million	Cary, NC
9	Forsyth Country Day School	501(c)(3)	$17 million	Lewisville, NC
10	St David's School	501(c)(3)	$17 million	Raleigh, NC
11	Saint Mary's School (SMS)	501(c)(3)	$18 million	Raleigh, NC
12	El Camino Real Charter High School (ECRCHS)	501(c)(3)	$37 million	Woodland Hills, CA
13	St. George's Independent School (SGIS)	501(c)(3)	$18 million	Collierville, TN
14	Alliance Susan and Eric Smidt Technology	501(c)(3)	$7.6 million	Los Angeles, CA
15	Higher Achievement Program	501(c)(3)	$9.8 million	Washington DC, DC
16	St Mary's Episcopal School	501(c)(3)	$26 million	Memphis, TN
17	Atlas Preparatory School	501(c)(3)	$17 million	Colorado Springs, CO
18	Brook Hill School	501(c)(3)	$10 million	Bullard, TX
19	Columbia Academy (CA)	501(c)(3)	$9.3 million	Columbia, TN
20	St Josephs Catholic School	501(c)(3)	$9.7 million	Greenville, SC
21	Lexington Christian Academy (LCA)	501(c)(3)	$10 million	Lexington, MA
22	Saint Andrew's School of Boca Raton (SA)	501(c)(3)	$46 million	Boca Raton, FL
23	South Christian High School (SCHS)	501(c)(3)	$16 million	Byron Center, MI
24	Hopkins School	501(c)(3)	$50 million	New Haven, CT
25	Coe-Brown Northwood Academy	501(c)(3)	$12 million	Northwood, NH

Also explore

Want more details?

You're in good company! Cause IQ's customers include leading technology, accounting, financial services, consulting, fundraising, and other firms.

Request a demo and see Cause IQ in action!

What is Cause IQ?

Cause IQ is a website that helps companies grow, maintain, and serve their nonprofit clients.

For example, our data and tools help companies prospect for high schools and secondary schools, qualify inbound opportunities like Asheville School (AS), benchmark clients to other high schools, and enrich existing CRM information.

Already a customer?

Log in to see a complete profile, including all key personnel, Form 990 PDF downloads, vendors, and organization reports.

Curious how Cause IQ can help you grow, maintain, and serve your nonprofit clients?

Get a demo