THE MILLER SCHOOL OF ALBEMARLE

EIN: 540515717 501(c)(3) Education

CHARLOTTESVILLE, VA

Total Revenue
$14,054,090
Total Expenses
$14,447,753
Total Assets
$43,224,075
Net Assets
$40,681,294
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1878
Legal Domicile
VA
Principal Officer
MR MICHAEL DRUDE
Phone
4348234805
Tax Period
2024-07-01 to 2025-06-30

THE MILLER SCHOOL OF ALBEMARLE, founded in 1878, is a mid-sized nonprofit in the Education sector that reported $14.1M in total revenue in fiscal year 2024. Revenue fell 26% from the prior year — a significant decline worth monitoring. Net assets of $40.7M represent 35 months of operating reserves.

Mission

WE CREATE OPPORTUNITIES FOR DISCOVERY AND REFLECTION BY ENGAGING THE MINDS, HANDS, AND HEARTS OF OUR STUDENTS.

Program Service Accomplishments

Program 1
Expenses: $12,078,942 Revenue: $11,397,318

THE MILLER SCHOOL OF ALBEMARLE PROVIDES A COMPREHENSIVE COLLEGE-PREPARATORY EDUCATIONAL PROGRAM FOR APPROXIMATELY 250 STUDENTS IN GRADES EIGHT THROUGH TWELVE, INCLUDING BOTH DAY AND BOARDING...

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THE MILLER SCHOOL OF ALBEMARLE PROVIDES A COMPREHENSIVE COLLEGE-PREPARATORY EDUCATIONAL PROGRAM FOR APPROXIMATELY 250 STUDENTS IN GRADES EIGHT THROUGH TWELVE, INCLUDING BOTH DAY AND BOARDING STUDENTS. THE ACCREDITED ACADEMIC PROGRAM IS DESIGNED TO CULTIVATE INTELLECTUAL CURIOSITY, CRITICAL THINKING, CHARACTER DEVELOPMENT, LEADERSHIP, AND SERVICE. STUDENTS BENEFIT FROM A RIGOROUS CURRICULUM SPANNING THE HUMANITIES, SCIENCES, ENGINEERING, FINE ARTS, AND EXPERIENTIAL LEARNING, COMPLEMENTED BY ADVISING, COLLEGE COUNSELING, ATHLETICS, ARTS PROGRAMS, RESIDENTIAL LIFE, AND EXTRACURRICULAR OFFERINGS. INSTRUCTION IS DELIVERED BY HIGHLY QUALIFIED FACULTY WHO EMPHASIZE INDIVIDUALIZED ATTENTION, ACADEMIC EXCELLENCE, AND THE DEVELOPMENT OF ETHICAL AND ENGAGED CITIZENS.IN SUPPORT OF ITS EDUCATIONAL MISSION, THE SCHOOL MAINTAINS AND OPERATES A HISTORIC CAMPUS OF APPROXIMATELY 1,100 ACRES THAT IS INTEGRAL TO DELIVERING ACADEMIC, RESIDENTIAL, ATHLETIC, AND CO-CURRICULAR PROGRAMMING. CAMPUS MAINTENANCE ACTIVITIES INCLUDE THE UPKEEP AND PRESERVATION OF CLASSROOMS, RESIDENCE HALLS, ATHLETIC AND FITNESS FACILITIES, DINING SERVICES, TECHNOLOGY INFRASTRUCTURE, FARM AND ENVIRONMENTAL LEARNING SPACES, AND SHARED CAMPUS FACILITIES. THESE EFFORTS ENSURE A SAFE, SUSTAINABLE, AND MISSION-ALIGNED ENVIRONMENT THAT SUPPORTS DAILY INSTRUCTION, STUDENT LIFE, AND HANDS-ON EDUCATIONAL EXPERIENCES.

Program 2
Expenses: $489,920 Revenue: $954,250

THE MILLER SCHOOL OF ALBEMARLE'S RECENTLY ESTABLISHED LOWER SCHOOL EXTENDS THE SCHOOL'S MISSION BY PROVIDING A DEVELOPMENTALLY APPROPRIATE EDUCATIONAL PROGRAM FOR ELEMENTARY-AGE STUDENTS. THE LOWER...

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THE MILLER SCHOOL OF ALBEMARLE'S RECENTLY ESTABLISHED LOWER SCHOOL EXTENDS THE SCHOOL'S MISSION BY PROVIDING A DEVELOPMENTALLY APPROPRIATE EDUCATIONAL PROGRAM FOR ELEMENTARY-AGE STUDENTS. THE LOWER SCHOOL EMPHASIZES FOUNDATIONAL ACADEMIC SKILLS, SOCIAL EMOTIONAL DEVELOPMENT, AND CHARACTER FORMATION WITHIN A NURTURING AND SUPPORTIVE LEARNING ENVIRONMENT. THE PROGRAM INTEGRATES INSTRUCTION IN LITERACY, MATHEMATICS, SCIENCE, SOCIAL STUDIES, THE ARTS, AND PHYSICAL EDUCATION, WITH A STRONG EMPHASIS ON EXPERIENTIAL LEARNING, CREATIVITY, AND CURIOSITY.SMALL CLASS SIZES AND INDIVIDUALIZED INSTRUCTION SUPPORT EACH CHILD'S ACADEMIC GROWTH AND PERSONAL DEVELOPMENT, WHILE COMMUNITY VALUES SUCH AS RESPECT, COLLABORATION, AND RESPONSIBILITY ARE INTENTIONALLY FOSTERED. PURPOSE- DESIGNED FACILITIES AND THE THOUGHTFUL USE OF THE SCHOOL'S BROADER CAMPUS RESOURCES ENHANCE LEARNING WHILE PRIORITIZING STUDENT WELL-BEING AND SAFETY. BY EXTENDING ITS EDUCATIONAL CONTINUUM TO INCLUDE YOUNGER STUDENTS, THE SCHOOL STRENGTHENS MISSION ALIGNMENT, SUPPORTS LONG-TERM STUDENT SUCCESS, AND SERVES FAMILIES SEEKING A VALUES- BASED INDEPENDENT SCHOOL EDUCATION BEGINNING IN THE EARLY GRADES.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $822,873
Program Service Revenue $12,351,568
Investment Income $833,684
Other Revenue $45,965
TOTAL REVENUE $14,054,090

Expense Breakdown

Grants Paid $3,149,093
Salaries & Benefits $6,365,575
Fundraising Expenses $627,085
Program Expenses $12,568,862
Other Expenses $4,933,085
TOTAL EXPENSES $14,447,753

Year-over-Year Comparison

2024 2023 Change
Revenue $14,054,090 $18,976,276 -0.3%
Expenses $14,447,753 $12,737,265 +0.1%
Net Income $-393,663 $6,239,011 -1.1%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
18
Independent Members
17
Employees
98
Volunteers
35

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
6
$630,817
Total Directors
17
$294,342
Key Employees
0
$0
Highest Compensated
2
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
J MICHAEL DRUDE HEAD OF SCHOOL/SECRETARY 40.00
Officer Director
$239,487 $54,855 $294,342
JOEL MANGHAM CHAIR 2.00
Officer Director
$0 $0 $0
KAY NEELEY VICE-CHAIR 2.00
Officer Director
$0 $0 $0
WADE HAMPTON TREASURER 2.00
Officer Director
$0 $0 $0
BILL EVANOW TRUSTEE 2.00
Director
$0 $0 $0
HILL EWALD TRUSTEE 2.00
Director
$0 $0 $0
DAVID MITCHELL TRUSTEE 2.00
Director
$0 $0 $0
MARK KREBS TRUSTEE 2.00
Director
$0 $0 $0
RAVI RESPETO TRUSTEE 2.00
Director
$0 $0 $0
RANDY RINEHART TRUSTEE 2.00
Director
$0 $0 $0
JEFF SANDERS TRUSTEE 2.00
Director
$0 $0 $0
PRESTON O STALLINGS TRUSTEE 2.00
Director
$0 $0 $0
SARAH HORMEL EVERETT TRUSTEE 2.00
Director
$0 $0 $0
LINDSAY BARNES TRUSTEE 2.00
Director
$0 $0 $0
RUSSELL JOHNSON TRUSTEE 2.00
Director
$0 $0 $0
PATTON CARR TRUSTEE 2.00
Director
$0 $0 $0
JOHN WINN TRUSTEE 2.00
Director
$0 $0 $0
BRAD BODAGER - DIRECTOR OF INSTITUTIONAL ADVANCEMENT 40.00
Officer
$153,536 $45,708 $199,244
MATTHEW BENEFIELD DIRECTOR OF FINANCE 40.00
Officer
$130,421 $6,810 $137,231
AIMEE CARTER DIRECTOR OF DEVELOPMENT 40.00
Highest
$108,437 $54,363 $162,800
SAM HALE ASSISTANT HEAD OF SCHOOL FOR ENROLLMEN 40.00
Highest
$117,408 $24,782 $142,190
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $14,054,090 $14,447,753 $43,224,075 $-393,663
2024 No data No data No data No data
2023 $13,148,098 $11,938,342 $32,984,512 $1,209,756
2022 $11,081,674 $11,045,807 $30,725,612 $35,867
2021 $8,965,798 $8,947,593 $35,553,057 $18,205
2020 $10,041,460 $9,704,841 $31,301,486 $336,619
2019 $10,156,442 $9,147,756 $30,454,945 $1,008,686
2018 $11,444,414 $8,502,024 $30,391,278 $2,942,390
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