GREYSTONE PREPARATORY SCHOOL INC

Address
2100 MEMORIAL BLVD CMB 6226A
KERRVILLE, TX 780285611
Contact
Website: http://www.greystoneprepschool.net
Phone: +1 (830) 896-6530
Nonprofit
NTEE: B25 - Secondary, High School
EIN: 52-2377318

Mission

TO PREPARE STUDENTS ACADEMICALLY, PHYSICALLY AND ETHICALLY TO QUALIFY FOR AND SUCCEED AT THE COAST GUARD ACADEMY, AIR FORCE ACADEMY, MILITARY ACADEMY, MERCHANT MARINE ACADEMY OR NAVAL ACADEMY. TO PROVIDE STUDENTS WITH THE OVERSIGHT, STRUCTURE AND ORGANIZATION TO EMPOWER THEM TO EARN THEIR APPOINTMENT.
 20172016201520142013
Basic features of the organization
Year of formation2002
Subsection code03
PF filing required0    
Form of organization
CorporationTrue
Human resources, including compensation
Summary compensation info
Total compensation of current key personnel$105,000.00$100,000.00   
Sum of reportable (W2/1099) compensation$108,891.00$106,600.00   
Number of employees57   
Number of people compensated >$100k10   
Number of volunteers00   
Number of highly compensated contractors00   
Personnel
Bailey, David
TitleEXECUTIVE DIRECTOREXECUTIVE DIRECTOR   
Name of key/compensated personDAVID BAILEYDAVID BAILEY   
Position of compensated person
Current individual trustee or directorTrue    
Current officerTrueTrue   
Average hours per week working for org75.0075.00   
Reportable compensation from org$102,083.00$100,000.00   
Breakdown of reportable comp
Base reportable compensation from org$102,083.00    
Bonus and incentive reportable compensation$0.00    
Other reportable compensation from org$0.00    
Retirement and other deferred compensation$0.00    
Nontaxable benefits from org$0.00    
Compensation from org previously reported as deferred$0.00    
Other comp, non-reportable, from org and related orgs$0.00$0.00   
Sum of all compensation from org$102,083.00    
Corresponding comp from related orgs
Reportable compensation from related orgs $102,083.00$0.00   
Dickinson, Nancy
TitleBOARD OF DIRECTORSBOARD OF DIRECTORS   
Name of key/compensated personNANCY DICKINSONNANCY DICKINSON   
Position of compensated person
Current individual trustee or directorTrueTrue   
Average hours per week working for org1.001.00   
Reportable compensation from org$0.00$0.00   
Other comp, non-reportable, from org and related orgs$0.00$0.00   
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00   
Moody, Hank
TitleTREASURERTREASURER   
Name of key/compensated personHANK MOODYHANK MOODY   
Position of compensated person
Current individual trustee or directorTrueTrue   
Current officerTrue    
Average hours per week working for org2.002.00   
Reportable compensation from org$0.00$0.00   
Other comp, non-reportable, from org and related orgs$0.00$0.00   
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00   
Payne, Tilghman
TitleCHAIRMANBOARD OF DIRECTORS   
Name of key/compensated personADMIRAL TILGHMAN PAYNETILGHMAN PAYNE   
Position of compensated person
Current individual trustee or directorTrueTrue   
Average hours per week working for org1.001.00   
Reportable compensation from org$0.00$0.00   
Other comp, non-reportable, from org and related orgs$0.00$0.00   
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00   
Ret, Bill
TitleCHAIRMAN EMERITUSCHAIRMAIN OF THE BOARD   
Name of key/compensated personCOL BILL CRUM USAF RETCOL BILL CRUM USAF RET   
Position of compensated person
Current individual trustee or directorTrueTrue   
Average hours per week working for org1.0020.00   
Reportable compensation from org$0.00$0.00   
Other comp, non-reportable, from org and related orgs$0.00$0.00   
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00   
Ret, Fred
Title BOARD OF DIRECTORS   
Name of key/compensated person CAPTAIN FRED VOGT USN RET   
Position of compensated person
Current individual trustee or director True   
Average hours per week working for org 1.00   
Reportable compensation from org $0.00   
Other comp, non-reportable, from org and related orgs $0.00   
Corresponding comp from related orgs
Reportable compensation from related orgs  $0.00   
Rowland, Jeanne
Title BOARD OF DIRECTORS   
Name of key/compensated person JEANNE ROWLAND   
Position of compensated person
Current individual trustee or director True   
Average hours per week working for org 1.00   
Reportable compensation from org $0.00   
Other comp, non-reportable, from org and related orgs $0.00   
Corresponding comp from related orgs
Reportable compensation from related orgs  $0.00   
Shirley, Brian
TitleBOARD OF DIRECTORSBOARD OF DIRECTORS   
Name of key/compensated personBRIAN SHIRLEYBRIAN SHIRLEY   
Position of compensated person
Current individual trustee or directorTrueTrue   
Average hours per week working for org1.001.00   
Reportable compensation from org$0.00$0.00   
Other comp, non-reportable, from org and related orgs$0.00$0.00   
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00   
Spikes, Virginia
TitleSECRETARYSECRETARY   
Name of key/compensated personVIRGINIA SPIKESVIRGINIA SPIKES   
Position of compensated person
Current officerTrueTrue   
Average hours per week working for org5.005.00   
Reportable compensation from org$6,808.00$6,600.00   
Other comp, non-reportable, from org and related orgs$0.00$0.00   
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00   
Teer, Jack
TitleVICE CHAIRMANVICE CHAIRMAN   
Name of key/compensated personJACK TEERJACK TEER   
Position of compensated person
Current individual trustee or directorTrueTrue   
Average hours per week working for org10.0010.00   
Reportable compensation from org$0.00$0.00   
Other comp, non-reportable, from org and related orgs$0.00$0.00   
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00   
Young, John
TitleBOARD OF DIRECTORSBOARD OF DIRECTORS   
Name of key/compensated personJOHN YOUNGJOHN YOUNG   
Position of compensated person
Current individual trustee or directorTrueTrue   
Average hours per week working for org1.001.00   
Reportable compensation from org$0.00$0.00   
Other comp, non-reportable, from org and related orgs$0.00$0.00   
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00   
Purpose: mission, activities, & accomplishments
Mission or significant activitiesTO PROVIDE AN EDUCATION THAT WILL MEET THE SPECIFIC ACADEMIC NEEDS ESTABLISHED BY THE UNITED STATES MILITARY ACADEMY, THE UNITED STATES NAVAL ACADEMY, THE UNITED STATES AIR FORCE ACADEMY, THE UNITED STATES COAST GUARD ACADEMY OR THE MERCHANT MARINE ACADEMY, THAT WILL ENABLE STUDENTS TO QUALIFY FOR ACADEMY APPOINTMENTS.TO PROVIDE AN EDUCATION THAT WILL MEET THE SPECIFIC ACADEMIC NEEDS ESTABLISHED BY THE UNITED STATES MILITARY ACADEMY, THE UNITED STATES NAVAL ACADEMY, THE UNITED STATES AIR FORCE ACADEMY, THE UNITED STATES COAST GUARD ACADEMY OR THE MERCHANT MARINE ACADEMY, THAT WILL ENABLE STUDENTS TO QUALIFY FOR ACADEMY APPOINTMENTS.   
Program service expenses, total$303,774.00$306,569.00   
Programs, including revenue & expenses
THE ORGANIZATION PROVIDES A UNIVERSITY LEVEL EDUCATION AND TRAINING PROCESS THAT ALLOWS THE STUDENTS TO DEVELOP A STRONG SENSE OF PERSONAL INTEGRITY, PHYSICAL CONDITIONING AND MORAL CHARACTER NEEDED TO SUCCEED IN ONE OF THE FIVE FEDERAL SERVICE ACADEMIES. TOTAL ENROLLMENT A/Y 2016-17 WAS 43 STUDENTS. OVER THE COURSE OF THE ACADEMIC YEAR, ONE HUNDRED PERCENT OF THE GREYSTONE STUDENTS RECEIVED AT LEAST ONE CONGRESSIONAL/SENATORIAL NOMINATION WHICH IS A PREREQUISITE FOR APPOINTMENT TO THE MILITARY ACADEMIES. OF THE 43 GREYSTONE STUDENTS, 98.8% EARNED MILITARY OFFICER SCHOLARSHIPS LEADING TO THEIR COMMISSION UPON GRADUATION, OF THOSE STUDENTS, 89% EARN THEIR ACADEMY APPOINTMENTS AND OF THOSE WHO ENTER THE ACADEMIES, 92% GRADUATE FROM THE ACADEMIES.
Program expenses$303,774.00$306,569.00   
Grants and allocations made$36,472.00$30,880.00   
Program revenue$487,627.00$436,876.00   
Program descriptionTHE ORGANIZATION PROVIDES A UNIVERSITY LEVEL EDUCATION AND TRAINING PROCESS THAT ALLOWS THE STUDENTS TO DEVELOP A STRONG SENSE OF PERSONAL INTEGRITY, PHYSICAL CONDITIONING AND MORAL CHARACTER NEEDED TO SUCCEED IN ONE OF THE FIVE FEDERAL SERVICE ACADEMIES. TOTAL ENROLLMENT A/Y 2016-17 WAS 43 STUDENTS. OVER THE COURSE OF THE ACADEMIC YEAR, ONE HUNDRED PERCENT OF THE GREYSTONE STUDENTS RECEIVED AT LEAST ONE CONGRESSIONAL/SENATORIAL NOMINATION WHICH IS A PREREQUISITE FOR APPOINTMENT TO THE MILITARY ACADEMIES. OF THE 43 GREYSTONE STUDENTS, 98.8% EARNED MILITARY OFFICER SCHOLARSHIPS LEADING TO THEIR COMMISSION UPON GRADUATION, OF THOSE STUDENTS, 89% EARN THEIR ACADEMY APPOINTMENTS AND OF THOSE WHO ENTER THE ACADEMIES, 92% GRADUATE FROM THE ACADEMIES.THE ORGANIZATION PROVIDES A UNIVERSITY LEVEL EDUCATION AND TRAINING PROCESS THAT ALLOWS THE STUDENTS TO DEVELOP A STRONG SENSE OF PERSONAL INTEGRITY, PHYSICAL CONDITIONING AND MORAL CHARACTER NEEDED TO SUCCEED IN ONE OF THE FIVE FEDERAL SERVICE ACADEMIES. TOTAL ENROLLMENT A/Y 2012-13 WAS 43 STUDENTS. OVER THE COURSE OF THE ACADEMIC YEAR, ONE HUNDRED PERCENT OF THE GREYSTONE STUDENTS RECEIVED AT LEAST ONE CONGRESSIONAL/SENATORIAL NOMINATION WHICH IS A PREREQUISITE FOR APPOINTMENT TO THE MILITARY ACADEMIES. OF THE 43 GREYSTONE STUDENTS, 98.8% EARNED MILITARY OFFICER SCHOLARSHIPS LEADING TO THEIR COMMISSION UPON GRADUATION, OF THOSE STUDENTS, 89% EARN THEIR ACADEMY APPOINTMENTS AND OF THOSE WHO ENTER THE ACADEMIES, 92% GRADUATE FROM THE ACADEMIES.   
Financial data
Revenue
Total revenue$517,646.00$449,572.00   
Revenue from contributions (total)$24,816.00$12,696.00$19,892.00$19,796.00$33,862.00
Investment income, current yr$5,203.00$131.00   
Total revenue from grants, etc., current yr$24,816.00$12,696.00   
Total unrelated business revenue$0.00$0.00   
Other revenue, current yr$0.00$0.00   
Net unrelated business taxable revenue$0.00$0.00   
Program service revenue (total)$487,627.00$436,745.00$569,875.00$458,250.00$467,500.00
Gross receipts$517,912.00$449,572.00   
Sources of contributions
Revenue from all other contributions$24,816.00$12,696.00   
Other types of revenue
Income from dividends, interest, and similar investments$661.00$131.00   
Net rental income  $0.00$0.00$0.00
Expense categories (totals)
Total functional expenses: sum of all$438,722.00$436,918.00   
Total functional expenses: program service $303,774.00$306,569.00   
Total functional expenses: management and general$122,813.00$117,783.00   
Total functional expenses: fundraising$12,135.00$12,566.00   
Fees for services
Fundraising service fees (total)$0.00$0.00   
Assets and liabilities
Total assets$322,595.00$220,353.00$209,025.00$144,795.00$136,086.00
Total assets, beginning of year$220,353.00$209,025.00   
Total liabilities$29,157.00$5,839.00$7,165.00$6,793.00$6,359.00
Total liabilities, beginning of year$5,839.00$7,165.00   
Unrestricted net assets, end of yr$257,819.00$203,304.00   
Temporarily restricted net assets$35,619.00$11,210.00   
Net assets$293,438.00$214,514.00   
Net assets, beginning of year$214,514.00$201,860.00   
Investments: other securities$70,537.00    
Cash: non-interest bearing$208,533.00$198,368.00   
Cash: non-interest bearing, beginning of year$198,368.00$184,409.00   
Other financial variables
Revenue less expenses$78,924.00$12,654.00   
Advertising (total)$9,876.00$17,520.00   
Accounts payable & accrued expenses$6,819.00$5,839.00   
Secured mortgages and notes payable$22,338.00    
Total net assets or fund balances$293,438.00$214,514.00   
Depreciation, depletion, amortization$8,360.00$4,886.00   
Governance and accountability
Number of voting members88   
Number of independent voting members78   
Cash accountingTrueTrue   
Tax year start date2016-08-012015-08-01   
Tax year end date2017-07-012016-07-012015-07-012014-07-012013-07-01
Metadata about the filing
E-return type: 990, 990EZ, or 990PF990990   
Date e-filing submitted2017-11-282017-04-14   
IRS schema version2016v3.02015v2.1   
Filing identifier201742999349300749201603349349300510   
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