Reply to Tuition seem high?? Curious of the Salary of the Head of Your School? Do your research. Here is how.

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Reply to "Tuition seem high?? Curious of the Salary of the Head of Your School? Do your research. Here is how."

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[quote=Anonymous]For the huge (maybe to some not so huge) tuition checks you are writing for your childrens' education, google the "990 IRS Form" for the school your child attends.  (Propublica is one of the many sites where you can find the information.)For a lot of the Greater Washington DC Private schools, that legally are not for profit, generate huge revenues and they have to file the very public 990 Form.  One of the major Alexandria "Not-For-Profit" schools that charges close to $40K per year is paying their headmaster, with Salary + Benefits/Bonus near $380,000 per year.   The next highest is the assistant head of school who makes, by comparison, a paltry $134,000.  These two people don't even step into the classrooms and take up a huge chunk of the school's salary and benefits expenditures.

For some of religious based schools, such as St. Stephen & St. Agnes, their income and expenses flow south to Richmond, as they are actually a business owned by the Episcopal Church of Virginia (along with a handful of other schools across the state-all of whom charge very high fees) and their numbers are buried within the church's financial reports.  They don't have to file 990 forms.  The schools owned by the church create  "income" that helps finance other activities of the Church.

Know where the money flows so you can make informed decisions.[/quote]

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