Westminster Schools Inc 
The information on this page was last updated 4/21/2023. If you see errors or omissions, please email: [email protected]
Summary
Westminster is a coeducational Christian, independent day school for grades pre-first through 12, committed to creating an educational experience where bright, curious, motivated students who are nurtured by challenge can grow into leaders of conscience.
Contact information
Mailing address:
Westminster Schools Inc
1424 West Places Ferry Rd NW
Atlanta, GA 30327
Website: westminster.net
Phone: 404-355-8673
Email: [email protected]
Organization details
EIN: 580566206
CEO/President: Keith Evans
Chairman: Katharine W. Kelley
Board size: 36
Founder:
Ruling year: 1951
Tax deductible: Yes
Fiscal year end: 07/31
Member of ECFA: No
Member of ECFA since:
Purpose
Westminster's vision is to propel bright students to mine their curiosity, expand their vision, and discover their purpose.
Mission statement
Westminster is a Christian, independent day school for boys and girls, which seeks to develop the whole person for college and for life through excellent education.
Statement of faith
"Our Christian Mission"
Westminster is a Christian school. We hold a deep commitment to our Christian mission, seeking to model the scriptural description of Jesus as "growing in wisdom and in stature, and in favor with God and man" (Luke 2:52). We are guided by Jesus' teaching to love and serve and are inspired to reflect these values in our school community, programs, and priorities. These values also lead us to be open to all traditions and people.
As an inclusive Christian school, Westminster honors the substance and practice of other religions and seeks to support and encourage students of all faiths, beliefs, cultures, and backgrounds. We welcome and learn from community members of many different religious traditions. We believe that such inclusion and respect for the dignity of all people is at the heart of Christianity. These manifestations of a thriving and vibrant community produce lifelong learners who lead with compassion and integrity.
Donor confidence score
Transparency grade
D
To understand our transparency grade, click here.
Financial efficiency ratings
Sector: K-12 Schools/Academies
| Category | Rating | Overall rank | Sector rank |
| Overall efficiency rating | | 550 of 1104 | 33 of 48 |
| Fund acquisition rating | | 311 of 1105 | 22 of 48 |
| Resource allocation rating | | 324 of 1105 | 12 of 48 |
| Asset utilization rating | | 1021 of 1104 | 47 of 48 |
Financial ratios
| Funding ratios | Sector median | 2022 | 2021 | 2020 | 2019 | 2018 |
Return on fundraising efforts Return on fundraising efforts = Fundraising expense / Total contributions | 11% | 13% | 13% | 27% | 17% | 24% |
Fundraising cost ratio Fundraising cost ratio = Fundraising expense / Total revenue | 3% | 2% | 4% | 5% | 3% | 3% |
Contributions reliance Contributions reliance = Total contributions / Total revenue | 15% | 19% | 31% | 19% | 20% | 15% |
Fundraising expense ratio Fundraising expense ratio = Fundraising expense / Total expenses | 3% | 2% | 5% | 5% | 5% | 3% |
Other revenue reliance Other revenue reliance = Total other revenue / Total revenue | 85% | 81% | 69% | 81% | 80% | 85% |
| Operating ratios | Sector median | 2022 | 2021 | 2020 | 2019 | 2018 |
Program expense ratio Program expense ratio = Program services / Total expenses | 83% | 85% | 84% | 85% | 86% | 86% |
Spending ratio Spending ratio = Total expenses / Total revenue | 94% | 108% | 85% | 96% | 73% | 100% |
Program output ratio Program output ratio = Program services / Total revenue | 76% | 92% | 71% | 82% | 63% | 86% |
Savings ratio Savings ratio = Surplus (deficit) / Total revenue | 6% | -8% | 15% | 4% | 27% | 0% |
Reserve accumulation rate Reserve accumulation rate = Surplus (deficit) / Net assets | 6% | -2% | 3% | 1% | 8% | 0% |
General and admin ratio General and admin ratio = Management and general expense / Total expenses | 14% | 13% | 12% | 10% | 9% | 11% |
| Investing ratios | Sector median | 2022 | 2021 | 2020 | 2019 | 2018 |
Total asset turnover Total asset turnover = Total expenses / Total assets | 0.46 | 0.16 | 0.14 | 0.15 | 0.19 | 0.19 |
Degree of long-term investment Degree of long-term investment = Total assets / Total current assets | 3.08 | 5.21 | 5.27 | 3.64 | 5.42 | 2.12 |
Current asset turnover Current asset turnover = Total expenses / Total current assets | 1.44 | 0.82 | 0.75 | 0.54 | 1.03 | 0.40 |
| Liquidity ratios | Sector median | 2022 | 2021 | 2020 | 2019 | 2018 |
Current ratio Current ratio = Total current assets / Total current liabilities | 3.01 | 2.14 | 2.11 | 2.65 | 1.65 | 3.93 |
Current liabilities ratio Current liabilities ratio = Total current liabilities / Total current assets | 0.33 | 0.47 | 0.47 | 0.38 | 0.61 | 0.25 |
Liquid reserve level Liquid reserve level = (Total current assets - Total current liabilities) / (Total expenses / 12) | 4.19 | 7.75 | 8.41 | 13.90 | 4.60 | 22.40 |
| Solvency ratios | Sector median | 2022 | 2021 | 2020 | 2019 | 2018 |
Liabilities ratio Liabilities ratio = Total liabilities / Total assets | 33% | 28% | 27% | 32% | 16% | 17% |
Debt ratio Debt ratio = Debt / Total assets | 11% | 19% | 18% | 22% | 4% | 5% |
Reserve coverage ratio Reserve coverage ratio = Net assets / Total expenses | 143% | 453% | 510% | 459% | 446% | 440% |
Financials
| Balance sheet | |||||
| Assets | 2022 | 2021 | 2020 | 2019 | 2018 |
| Cash | $26,105,915 | $20,290,425 | $86,199,246 | $21,251,088 | $28,668,853 |
| Receivables, inventories, prepaids | $27,655,628 | $28,959,947 | $17,633,804 | $16,059,812 | $9,552,171 |
| Short-term investments | $55,425,330 | $63,917,701 | $35,151,823 | $36,030,740 | $142,668,344 |
| Other current assets | $0 | $0 | $0 | $0 | $0 |
| Total current assets | $109,186,873 | $113,168,073 | $138,984,873 | $73,341,640 | $180,889,368 |
| Long-term investments | $288,146,614 | $308,788,323 | $226,362,802 | $236,876,769 | $124,276,350 |
| Fixed assets | $170,618,312 | $173,600,227 | $139,354,783 | $86,246,294 | $76,910,664 |
| Other long-term assets | $1,099,919 | $1,182,398 | $1,002,990 | $1,052,204 | $1,034,076 |
| Total long-term assets | $459,864,845 | $483,570,948 | $366,720,575 | $324,175,267 | $202,221,090 |
| Total assets | $569,051,718 | $596,739,021 | $505,705,448 | $397,516,907 | $383,110,458 |
| Liabilities | 2022 | 2021 | 2020 | 2019 | 2018 |
| Payables and accrued expenses | $10,418,549 | $14,083,339 | $18,918,204 | $9,857,956 | $11,170,514 |
| Other current liabilities | $40,655,934 | $39,576,912 | $33,510,978 | $34,647,609 | $34,886,450 |
| Total current liabilities | $51,074,483 | $53,660,251 | $52,429,182 | $44,505,565 | $46,056,964 |
| Debt | $109,990,235 | $109,971,866 | $109,953,496 | $16,630,000 | $17,980,000 |
| Due to (from) affiliates | $0 | $0 | $0 | $0 | $0 |
| Other long-term liabilities | $447,963 | $441,769 | $487,748 | $1,244,081 | $1,138,171 |
| Total long-term liabilities | $110,438,198 | $110,413,635 | $110,441,244 | $17,874,081 | $19,118,171 |
| Total liabilities | $161,512,681 | $164,073,886 | $162,870,426 | $62,379,646 | $65,175,135 |
| Net assets | 2022 | 2021 | 2020 | 2019 | 2018 |
| Without donor restrictions | $191,876,867 | $198,493,143 | $163,226,741 | $152,400,251 | $148,848,642 |
| With donor restrictions | $215,662,170 | $234,171,992 | $179,608,281 | $182,737,010 | $169,086,681 |
| Net assets | $407,539,037 | $432,665,135 | $342,835,022 | $335,137,261 | $317,935,323 |
| Revenues and expenses | |||||
| Revenue | 2022 | 2021 | 2020 | 2019 | 2018 |
| Total contributions | $15,929,982 | $30,548,733 | $14,667,230 | $20,913,875 | $10,444,623 |
| Program service revenue | $64,350,171 | $61,631,024 | $57,255,802 | $57,039,327 | $54,869,031 |
| Membership dues | $0 | $0 | $0 | $0 | $0 |
| Investment income | $2,224,388 | $6,951,665 | $3,885,767 | $23,516,632 | $5,713,432 |
| Other revenue | $863,258 | $578,429 | $1,691,846 | $924,787 | $944,220 |
| Total other revenue | $67,437,817 | $69,161,118 | $62,833,415 | $81,480,746 | $61,526,683 |
| Total revenue | $83,367,799 | $99,709,851 | $77,500,645 | $102,394,621 | $71,971,306 |
| Expenses | 2022 | 2021 | 2020 | 2019 | 2018 |
| Program services | $76,585,917 | $70,972,720 | $63,469,014 | $64,761,205 | $61,890,833 |
| Management and general | $11,346,648 | $10,032,579 | $7,334,091 | $6,949,479 | $7,877,208 |
| Fundraising | $2,058,284 | $3,895,712 | $3,908,134 | $3,464,976 | $2,459,922 |
| Total expenses | $89,990,849 | $84,901,011 | $74,711,239 | $75,175,660 | $72,227,963 |
| Change in net assets | 2022 | 2021 | 2020 | 2019 | 2018 |
| Surplus (deficit) | ($6,623,050) | $14,808,840 | $2,789,406 | $27,218,961 | ($256,657) |
| Other changes in net assets | $0 | $0 | $0 | $0 | $0 |
| Total change in net assets | ($6,623,050) | $14,808,840 | $2,789,406 | $27,218,961 | ($256,657) |
Compensation
| Name | Title | Compensation |
| Keith A Evans | President and Ceo/Board Trustee | $1,286,604 |
| Antoinette M Boyd | Treasurer Bot-Vp Fin & Ops | $514,321 |
| Emilie R Henry | VP For Instit'l Advancement | $452,995 |
| Danette Morton | Head of Middle School | $330,004 |
| Timothy D Downes | Director of Athletics | $303,340 |
| Whitcliff A McKnight | Head of Lower School | $248,655 |
| Torrey Williams | Chief Information Officer | $241,484 |
| Robert M Ryshke | Exec Dir-Center For Teaching | $203,853 |
| Mary Shivers O'Gara | Board Secretary | $100,935 |
Compensation data as of: 7/31/2022
Response from ministry
No response has been provided by this ministry.
The information below was provided to MinistryWatch by the ministry itself. It was last updated 4/21/2023. To update the information below, please email: [email protected]
History
Westminster was founded by Atlanta's leaders as a learning community rooted in Christian values and wholesome intensity. Since 1951, our students have been inspired to become leaders of conscience in Atlanta and throughout the world.
Program accomplishments
1,880 Students enrolled
325 Faculty members
40% Students of color
82 Zip codes from which our students hail
23 AP courses offered
60+ Student-led clubs
75% Upper school participation in athletics
31% Upper school participation in performing arts
180 Acre-campus just 15 minutes from downtown Atlanta
14 Academic buildings
12,000 Alumni and counting