Pinkerton Academy
- Assets
- $86.4m
- Revenue
- $57.4m
- Investments
- $0.0
- Employees
- 683
- Location
- Derry, NH
- Founding
- 01/1941
- Data as of
- 06/2022
- EIN
- 02-0223338
Organization Overview
Pinkerton Academy is located in Derry, NH. The organization was established in 1941. According to its NTEE Classification (B25) the organization is classified as: Secondary & High Schools, under the broad grouping of Education and related organizations. As of 06/2023, Pinkerton Academy employed 683 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Pinkerton Academy is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Pinkerton Academy generated $57.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.0% each year. All expenses for the organization totaled $51.6m during the year ending 06/2022. While expenses have increased by 1.9% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
ROOTED IN A COMMUNITY OF COURTESY, RESPECT, AND RESPONSIBILITY, PINKERTON ACADEMY SEEKS TO PROVIDE A SAFE AND WELCOMING ENVIRONMENT THAT PREPARES ALL STUDENTS FOR SUCCESS IN A CHANGING WORLD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
INDEPENDENT HIGH SCHOOL WITH CONTRACTS IN AREA SCHOOL DISTRICTS AND INDEPENDENT APPLICANTS WHICH SERVICED APPROXIMATELY 3,000 STUDENTS IN GRADES 9-12 DURING THE LAST YEAR, OFFERING AN EXTENSIVE PROGRAM OF STUDIES INCLUDING MORE THAN 320 UNIQUE COURSES AND OVER 60 CO-AND-EXTRA CURRICULAR ACTIVITES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Wright First Vice President | OfficerTrustee | 2 | $0 |
Dr Timothy Butterfield Trustee | Trustee | 2 | $0 |
Kimberly Smith Trustee | Trustee | 2 | $0 |
William Newcomb Trustee | Trustee | 2 | $0 |
Elise Harnisch Trustee | Trustee | 2 | $0 |
Dr Christopher Harper Trustee | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ne Center For Children Educational | 6/29/23 | $921,598 |
Lavalleebrensinger Architects Contract Services | 6/29/23 | $734,702 |
The Upper Room Contract Services | 6/29/23 | $243,374 |
Premier Speech Therapy Llc Contract Services | 6/29/23 | $133,351 |
Csl Tours Transportation | 6/29/23 | $128,970 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $565,433 |
| Investment income | $315,155 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $49,391 |
| Net Gain/Loss on Asset Sales | $4,840,297 |
| Net Income from Fundraising Events | $17,644 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $57,395,711 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $114,950 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $419,078 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $27,001,292 |
| Pension plan accruals and contributions | $1,385,351 |
| Other employee benefits | $7,930,431 |
| Payroll taxes | $3,170,730 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $179,456 |
| Fees for services: Accounting | $40,401 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $95,314 |
| Fees for services: Other | $2,929,352 |
| Advertising and promotion | $0 |
| Office expenses | $1,066,926 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,933,560 |
| Travel | $227,108 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $707,388 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,352,077 |
| Insurance | $384,140 |
| All other expenses | $0 |
| Total functional expenses | $51,568,558 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $14,776,322 |
| Pledges and grants receivable | $216,291 |
| Accounts receivable, net | $632,278 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $32,644 |
| Prepaid expenses and deferred charges | $176,106 |
| Investments—publicly traded securities | $14,625,340 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $514,789 |
| Total assets | $86,428,214 |
| Accounts payable and accrued expenses | $9,568,718 |
| Grants payable | $0 |
| Deferred revenue | $134,113 |
| Tax-exempt bond liabilities | $26,273,545 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $529,878 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $36,506,254 |
| Net assets without donor restrictions | $46,955,216 |
| Net assets with donor restrictions | $2,966,744 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $49,921,960 |