Open Fields Inc
- Assets
- $652.0k
- Revenue
- $135.7k
- Investments
- $280.7k
- Employees
- 4
- Location
- Thetford, VT
- Founding
- 06/1972
- Data as of
- 06/2022
- EIN
- 03-0226188
Organization Overview
Open Fields Inc is located in Thetford, VT. The organization was established in 1972. According to its NTEE Classification (B24) the organization is classified as: Primary & Elementary Schools, under the broad grouping of Education and related organizations. As of 06/2022, Open Fields Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Open Fields Inc 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, Open Fields Inc generated $135.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (3.7%) each year. All expenses for the organization totaled $153.0k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (1.0%) per year over the past 3 years. 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
PRIMARY SCHOOL EDUCATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED PRIMARY SCHOOL EDUCATION TO STUDENTS IN THE UPPER VALLEY OF VT AND NH. TOTAL 19 STUDENTS: GRADES K (2), FIRST (2), SECOND (4), THIRD (2), FOURTH (1), FIFTH (4), SIXTH (4).
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nellie Pennington Director/head Of School | Officer | 10 | $4,200 |
Michael Maddalena Chair | OfficerTrustee | 2 | $0 |
Nathan Hine Treasurer | OfficerTrustee | 1 | $0 |
Rebecca Mallary Secretary | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $3,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $8,061 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $11,061 |
| Total Program Service Revenue | $95,050 |
| Investment income | $8,136 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $3,822 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $135,734 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $4,200 |
| Compensation of current officers, directors, key employees. | $4,200 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $88,500 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $8,352 |
| Payroll taxes | $7,398 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,192 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $100 |
| Office expenses | $1,228 |
| Information technology | $2,052 |
| Royalties | $0 |
| Occupancy | $16,756 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $7,885 |
| Insurance | $6,328 |
| All other expenses | $1,000 |
| Total functional expenses | $153,038 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $25,773 |
| Savings and temporary cash investments | $61,768 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | -$8,300 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $291,982 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $280,730 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $651,953 |
| Accounts payable and accrued expenses | $3,844 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $3,844 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $280,730 |
| Paid-in or capital surplus, or land, building, or equipment fund | $291,982 |
| Retained earnings, endowment, accumulated income, or other funds | $75,397 |
| Total liabilities and net assets/fund balances | $651,953 |