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Collegiate School

EIN 54-0528203 · Richmond, VA

Public records show a registered, tax-exempt organization in good standing.

LegitimacyPassesRegistration and standingFinancial healthGood74 out of 100GovernanceStrong90 out of 100Impact evidenceDescribes programsHow well its results are evidenced

What it says it does

TO CREATE A DIVERSE AND INCLUSIVE COMMUNITY OF LEARNERS COMMITTED TO A CHALLENGING AND SUPPORTIVE EDUCATIONAL EXPERIENCE THAT WILL FOSTER THE INTELLECTUAL, MORAL, EMOTIONAL, AND PHYSICAL DEVELOPMENT OF EACH STUDENT.

Income
$65.1 million
Spending
$63.4 million
Spent on programs
87%
Reserves
5.7 months of spending
Largest source of income
fees for its services, 87%
Employees
731
Volunteers
700
Highest pay
$402,761, head of school - began 7/1/24

Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Financial health

Good: 74 out of 100. Higher than 67% of charities in its peer group (education, $10m to $100m).

  • Reserves

    20 of 35

    Spendable reserves would cover 5.7 months of spending.

  • Debt

    16 of 20

    It owes 18% of what it owns.

  • Living within its means

    15 of 15

    Income exceeded spending by 3% of income.

  • Income trend

    15 of 15

    Income rose 2% on the year before.

  • Spending floor

    8 of 15

    87% of spending went to programs and raising each dollar of donations cost 38 cents.

Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Governance

Strong: 90 out of 100. Higher than 25% of charities in its peer group (education, $10m to $100m).

  • Independent board

    25 of 25

    19 of 20 voting board members are independent.

  • Conflict of interest policy

    15 of 15

    Has a written conflict of interest policy.

  • Whistleblower policy

    8 of 8

    Has a written whistleblower policy.

  • Record keeping policy

    7 of 7

    Has a written policy on keeping and destroying records.

  • Board minutes

    5 of 5

    Keeps minutes of board meetings.

  • Board sees the tax return

    0 of 10

    Did not give the board a copy of this return before filing it.

  • Pay set independently

    5 of 5

    Sets its chief executive's pay through independent review and comparison.

  • Independent check of accounts

    15 of 15

    Its accounts were audited by an independent accountant.

  • No reported misuse

    10 of 10

    Reports no diversion of assets, excess benefits or loans to insiders.

Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Impact evidence

Describes programs. Its tax return describes what it does but we have found no measurable results in it.

Programs described in its return (2)
  1. $50.9 million spent. INSTRUCTIONAL: COLLEGIATE SCHOOL PROVIDED JUNIOR KINDERGARTEN THROUGH TWELFTH GRADE EDUCATION TO 1,690 STUDENTS. COLLEGIATE OPERATES TWO CAMPUSES: THE 55-ACRE MAIN ACADEMIC CAMPUS, LOCATED IN WESTERN HENRICO COUNTY, AND THE ROBINS CAMPUS, A 180-ACRE ATHLETIC CAMPUS, LOCATED IN EASTERN GOOCHLAND COUNTY. THE MAIN CAMPUS COMPRISES THE LOWER SCHOOL, MIDDLE SCHOOL AND UPPER SCHOOL AND IS ALSO HOME TO THE HERSHEY CENTER FOR THE ARTS, GROVER JONES ATHLETIC FIELD, THE SHARP ACADEMIC COMMONS AND THREE LIBRARIES. PROGRAM DESCRIPTION CONTINUED ON SCHEDULE O. THE ROBINS CAMPUS COMPRISES SIX ATHLETIC-RELATED BUILDINGS, 12 ATHLETIC FIELDS, 13 TENNIS COURTS AND A TENNIS HOUSE; THE SAM NEWELL FIELD COMPLEX WITH BASEBALL FIELDS, DUGOUTS, CONCESSIONS/FILMING BUILDINGS, A CROSS COUNTRY COURSE, SOFTBALL FIELD, STRENGTH TRAINING ROOM, INDOOR TURF ROOM, TRAINER FACILITIES AND LOCKER ROOMS, AND AN OUTDOOR TURF FIELD FOR FIELD HOCKEY AND LACROSSE. COLLEGIATE HAS 81 ATHLETIC TEAMS AND 42 PERFORMING ARTS ENSEMBLES. COLLEGIATE IS ALSO HOME TO THE POWELL INSTITUTE FOR RESPONSIBLE CITIZENSHIP. THE PRINCIPLES OF THE INSTITUTE ARE ACTUALIZED THROUGH COLLABORATIONS WITH FACULTY AND INTEGRATION OF PROGRAMS IN JK-GRADE 12 THAT BUILD THE KNOWLEDGE, SKILLS, AND DISPOSITIONS NECESSARY FOR TODAY'S AND TOMORROW'S WORLD, THROUGH THE IDENTIFIED AREAS OF: GLOBAL ENGAGEMENT, INCLUSION, ECONOMIC LITERACY, ENTREPRENEURSHIP, SUSTAINABILITY AND CIVIC ENGAGEMENT. STUDENTS IN EACH DIVISION OF THE SCHOOL EXEMPLIFY THEIR UNDERSTANDING OF, AND GROWTH IN, THE TENETS OF THESE AREAS BY PARTICIPATING IN A CULMINATING CAPSTONE PROGRAM. 4TH GRADERS PARTICIPATE IN ENVISION COLLEGIATE, 8TH GRADERS PARTICIPATE IN ENVISION RICHMOND AND 12TH GRADERS PARTICIPATE IN ENVISION YOUR WORLD. HIGHLIGHTS FROM THE 143 SENIORS IN THE GRADUATING CLASS OF 2025 ARE AS FOLLOWS: - 85% OF THE CLASS REPORTED BEING ACCEPTED BY ONE OF THEIR TOP TWO COLLEGES - $13.4 MILLION IN MERIT SCHOLARSHIPS WERE EARNED INCLUDING THE PRESTIGIOUS JEFFERSON SCHOLARSHIP - SIX ARTISTS WILL PURSUE THEIR CRAFT IN HIGHLY SELECTIVE PROGRAMS IN CREATIVE ADVERTISING, FILM STUDIES, MUSICAL THEATER, AND THE VISUAL ARTS - 25 RECRUITED ATHLETES WILL COMPETE AT THE DIVISION I, DIVISION II AND DIVISION III LEVELS. THE INSTITUTIONS THAT SAW COUGARS APPLY, ADMITTED AND ENROLL DISPLAY WIDE-RANGING BREADTH, INCLUDING ARTS SCHOOLS, ENGINEERING SCHOOLS, HISTORICALLY BLACK COLLEGES AND UNIVERSITIES, LARGE RESEARCH UNIVERSITIES, SINGLE-SEX INSTITUTIONS AND SMALL LIBERAL ARTS COLLEGES.
  2. $4.5 million spent. AUXILIARIES AND OTHER PROGRAMS - THE SCHOOL OPERATES, FOR THE BENEFIT AND CONVENIENCE OF PARENTS, STUDENTS, AND ALUMNI, SEVERAL AUXILIARY SERVICES INCLUDING FOOD SERVICE (CAFETERIAS), A CAMPUS BOOKSTORE, AFTER SCHOOL PROGRAMS, SUMMER CAMPS, YOUTH SPORTS, AND PRIVATE MUSIC INSTRUCTION, AMONG OTHERS.

Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Legitimacy checks

  1. Is it registered with the IRS? Passed.

    Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  2. Has the IRS revoked its tax-exempt status? Passed.

    Not on the IRS automatic revocation list.

    Source: Automatic revocation of exemption list, Internal Revenue Service, file dated October 13, 2026.

  3. Are donations tax-deductible? Passed.

    On the IRS list of organizations eligible to receive tax-deductible contributions.

    Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.

  4. Is it keeping up with its IRS filings? Passed.

    Most recent return on file covers the year ending June 2025.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  5. How long has it been tax-exempt? Passed.

    Recognized by the IRS since October 1972.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  6. Is it in good standing with state regulators? Passed.

    Not on California's list of charities barred from soliciting. Other states are not yet checked.

    Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 21, 2026.

Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.