St. Richard's Episcopal School 
The information on this page was last updated 6/11/2026. If you see errors or omissions, please email: [email protected]
Summary
St. Richard's Episcopal School provides a timeless, challenging curriculum that embraces diversity while developing global citizens socially, emotionally, physically, spiritually, and intellectually. For children Age 3 through 8th grade.
Contact information
Mailing address:
St. Richard's Episcopal School
33 East 33rd Street
Indianapolis, IN 46205
Website: www.sresdragons.org
Phone: 317-926-0425
Email: [email protected]
Organization details
EIN: 356007169
CEO/President: Dr. Leslie Hosey
Chairman: Marlene Marchesani
Board size: 21
Founder:
Ruling year: 1975
Tax deductible: Yes
Fiscal year end: 06/30
Member of ECFA: No
Member of ECFA since:
Purpose
St. Richard's Episcopal School envisions a world shaped by compassionate, curious, and globally-minded citizens . . . where being a good human matters as much as academic excellence.
Mission statement
The Mission of St. Richard's Episcopal School is to instill knowledge and values for a lifetime.
Statement of faith
Donor confidence score
Show donor confidence score details
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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 | | 417 of 1366 | 55 of 155 |
| Fund acquisition rating | | 214 of 1366 | 52 of 155 |
| Resource allocation rating | | 1112 of 1366 | 129 of 155 |
| Asset utilization rating | | 304 of 1367 | 27 of 155 |
According to the organization's Form 990, it received $728,813 in government grants in 2025.
To understand our financial efficiency ratings, click here.
Financial ratios
| Funding ratios | Sector median | 2025 | 2024 | 2023 | 2022 | 2021 |
Return on fundraising efforts Return on fundraising efforts = Fundraising expense / Total contributions | 11% | 9% | 17% | 11% | 7% | 7% |
Fundraising cost ratio Fundraising cost ratio = Fundraising expense / Total revenue | 2% | 2% | 4% | 3% | 2% | 2% |
Contributions reliance Contributions reliance = Total contributions / Total revenue | 13% | 25% | 22% | 25% | 31% | 32% |
Fundraising expense ratio Fundraising expense ratio = Fundraising expense / Total expenses | 2% | 3% | 4% | 3% | 2% | 3% |
Other revenue reliance Other revenue reliance = Total other revenue / Total revenue | 87% | 75% | 78% | 75% | 69% | 68% |
| Operating ratios | Sector median | 2025 | 2024 | 2023 | 2022 | 2021 |
Program expense ratio Program expense ratio = Program services / Total expenses | 84% | 73% | 75% | 74% | 77% | 77% |
Spending ratio Spending ratio = Total expenses / Total revenue | 93% | 86% | 98% | 98% | 90% | 86% |
Program output ratio Program output ratio = Program services / Total revenue | 76% | 63% | 73% | 72% | 69% | 67% |
Savings ratio Savings ratio = Surplus (deficit) / Total revenue | 7% | 14% | 2% | 2% | 10% | 14% |
Reserve accumulation rate Reserve accumulation rate = Surplus (deficit) / Net assets | 6% | 19% | 3% | 3% | 13% | 18% |
General and admin ratio General and admin ratio = Management and general expense / Total expenses | 14% | 24% | 22% | 23% | 21% | 20% |
| Investing ratios | Sector median | 2025 | 2024 | 2023 | 2022 | 2021 |
Total asset turnover Total asset turnover = Total expenses / Total assets | 0.53 | 1.02 | 1.13 | 1.04 | 1.02 | 0.90 |
Degree of long-term investment Degree of long-term investment = Total assets / Total current assets | 3.21 | 2.32 | 3.28 | 3.26 | 4.71 | 5.08 |
Current asset turnover Current asset turnover = Total expenses / Total current assets | 1.82 | 2.36 | 3.71 | 3.41 | 4.82 | 4.57 |
| Liquidity ratios | Sector median | 2025 | 2024 | 2023 | 2022 | 2021 |
Current ratio Current ratio = Total current assets / Total current liabilities | 2.88 | 4.55 | 3.31 | 3.85 | 2.41 | 2.71 |
Current liabilities ratio Current liabilities ratio = Total current liabilities / Total current assets | 0.34 | 0.22 | 0.30 | 0.26 | 0.41 | 0.37 |
Liquid reserve level Liquid reserve level = (Total current assets - Total current liabilities) / (Total expenses / 12) | 4.08 | 3.97 | 2.26 | 2.61 | 1.46 | 1.66 |
| Solvency ratios | Sector median | 2025 | 2024 | 2023 | 2022 | 2021 |
Liabilities ratio Liabilities ratio = Total liabilities / Total assets | 30% | 10% | 14% | 13% | 15% | 24% |
Debt ratio Debt ratio = Debt / Total assets | 11% | 0% | 0% | 0% | 0% | 11% |
Reserve coverage ratio Reserve coverage ratio = Net assets / Total expenses | 125% | 88% | 76% | 83% | 83% | 85% |
Financials
| Balance sheet | |||||
| Assets | 2025 | 2024 | 2023 | 2022 | 2021 |
| Cash | $2,964,538 | $2,113,711 | $1,984,005 | $1,423,706 | $1,214,341 |
| Receivables, inventories, prepaids | $721,099 | $278,786 | $316,874 | $155,887 | $342,400 |
| Short-term investments | $324,202 | $0 | $0 | $0 | $0 |
| Other current assets | $0 | $0 | $0 | $0 | $0 |
| Total current assets | $4,009,839 | $2,392,497 | $2,300,879 | $1,579,593 | $1,556,741 |
| Long-term investments | $0 | $260,861 | $151,218 | $147,719 | $0 |
| Fixed assets | $5,193,117 | $5,189,332 | $5,056,503 | $5,384,768 | $6,346,499 |
| Other long-term assets | $80,753 | $0 | $0 | $334,000 | $0 |
| Total long-term assets | $5,273,870 | $5,450,193 | $5,207,721 | $5,866,487 | $6,346,499 |
| Total assets | $9,283,709 | $7,842,690 | $7,508,600 | $7,446,080 | $7,903,240 |
| Liabilities | 2025 | 2024 | 2023 | 2022 | 2021 |
| Payables and accrued expenses | $547,399 | $428,669 | $367,265 | $457,595 | $314,761 |
| Other current liabilities | $333,741 | $294,785 | $229,875 | $197,458 | $258,695 |
| Total current liabilities | $881,140 | $723,454 | $597,140 | $655,053 | $573,456 |
| Debt | $0 | $0 | $0 | $0 | $840,885 |
| Due to (from) affiliates | $0 | $0 | $0 | $0 | $0 |
| Other long-term liabilities | $75,460 | $356,309 | $368,726 | $442,889 | $465,469 |
| Total long-term liabilities | $75,460 | $356,309 | $368,726 | $442,889 | $1,306,354 |
| Total liabilities | $956,600 | $1,079,763 | $965,866 | $1,097,942 | $1,879,810 |
| Net assets | 2025 | 2024 | 2023 | 2022 | 2021 |
| Without donor restrictions | $7,052,672 | $5,808,289 | $5,598,714 | $5,492,331 | $5,664,004 |
| With donor restrictions | $1,274,437 | $954,638 | $944,020 | $855,807 | $359,426 |
| Net assets | $8,327,109 | $6,762,927 | $6,542,734 | $6,348,138 | $6,023,430 |
| Revenues and expenses | |||||
| Revenue | 2025 | 2024 | 2023 | 2022 | 2021 |
| Total contributions | $2,700,504 | $1,955,700 | $2,046,064 | $2,654,855 | $2,594,338 |
| Program service revenue | $7,617,975 | $6,664,884 | $5,897,084 | $5,756,789 | $5,578,962 |
| Membership dues | $0 | $0 | $0 | $0 | $0 |
| Investment income | $325,510 | $109,243 | $54,485 | $692 | $347 |
| Other revenue | $377,966 | $347,026 | $32,271 | $43,707 | $46,601 |
| Total other revenue | $8,321,451 | $7,121,153 | $5,983,840 | $5,801,188 | $5,625,910 |
| Total revenue | $11,021,955 | $9,076,853 | $8,029,904 | $8,456,043 | $8,220,248 |
| Expenses | 2025 | 2024 | 2023 | 2022 | 2021 |
| Program services | $6,932,936 | $6,614,652 | $5,780,670 | $5,827,766 | $5,488,955 |
| Management and general | $2,284,116 | $1,912,158 | $1,825,664 | $1,600,647 | $1,428,266 |
| Fundraising | $241,776 | $339,348 | $232,473 | $188,151 | $191,039 |
| Total expenses | $9,458,828 | $8,866,158 | $7,838,807 | $7,616,564 | $7,108,260 |
| Change in net assets | 2025 | 2024 | 2023 | 2022 | 2021 |
| Surplus (deficit) | $1,563,127 | $210,695 | $191,097 | $839,479 | $1,111,988 |
| Other changes in net assets | $0 | $0 | $0 | $0 | $0 |
| Total change in net assets | $1,563,127 | $210,695 | $191,097 | $839,479 | $1,111,988 |
Compensation
| Name | Title | Compensation |
| Dr Leslie Hosey | Head of School | $276,902 |
| Jay Sherrill | Physical Education/Co-Ad | $110,916 |
| John Brady | Head of Middle Division | $107,325 |
| Keith Jewell | CFO | $107,066 |
| Sherri McNeely | Head of Early Childhood and Lower Division | $106,345 |
Compensation data as of: 6/30/2025
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 6/11/2026. To update the information below, please email: [email protected]
History
St. Richard's was founded by and is extremely fortunate to have a continued partnership with the beautiful and historic Trinity Episcopal Church. Operations and finances of the school and church are managed separately. The rector (head priest) of Trinity and the Bishop of the Episcopal Diocese of Indianapolis sit on the board of trustees at St. Richard's, as non-voting members. The mission of the diocese compels us to offer a generous invitation and welcome and stand with the vulnerable and marginalized to transform systems of injustice.