The Charles River School
- Assets
- $29.7m
- Revenue
- $10.3m
- Investments
- $0.0
- Employees
- 116
- Location
- Dover, MA
- Founding
- 01/1944
- Data as of
- 06/2022
- EIN
- 04-2103974
Organization Overview
The Charles River School is located in Dover, MA. The organization was established in 1944. 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, Charles River School employed 116 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Charles River School 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, Charles River School generated $10.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.9% each year. All expenses for the organization totaled $9.7m during the year ending 06/2022. While expenses have increased by 0.8% 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
CHARLES RIVER SCHOOL IS AN INDEPENDENT SCHOOL OFFERING STUDENTS IN PRE-KINDERGARTEN THROUGH EIGHTH GRADE A STRONG ACADEMIC PROGRAM IN AN ENVIRONMENT THAT CELEBRATES LEARNING AND VALUES EACH MEMBER OF ITS COMMUNITY.
Describe the Organization's Program Activity:
SCHOOL- CHARLES RIVER SCHOOL IS AN INDEPENDENT SCHOOL OFFERING STUDENTS IN PRE-KINDERGARTEN THROUGH GRADE EIGHT A STRONG ACADEMIC PROGRAM IN AN ENVIRONMENT THAT CELEBRATES LEARNING AND VALUES EACH MEMBER OF ITS COMMUNITY.
SUMMER PROGRAM- CRS SUMMER IS A SUMMER PROGRAM FOR CHILDREN 4-16 YEARS OF AGE. STUDENTS CHOOSE FROM VARIOUS PROGRAMS INCLUDINGTHE CREATIVE/PERFORMING ARTS, STEM, AND ENTREPRENEURSHIP. CRS SUMMER PROGRAMS RUN FOR 8 WEEKS DURING THE SUMMER.
EXTENDED DAY PROGRAM- THE EXTENDED DAY PROGRAM IS AN IMPORTANT EXTENSION OF THE SCHOOL DAY. WE OFFER CHILDREN BOTH TEACHER-DIRECTED ACTIVITIES AND THE FREEDOM TO MAKE THEIR OWN CHOICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Margaret Larkin Head Of School | OfficerTrustee | 40 | $270,000 |
Elizabeth Clayton Associate Head Of School | 40 | $140,635 | |
Julie Powers Director Of Marketing And Communications | 40 | $125,030 | |
Steven Trust Director Of Academic Technology | 40 | $120,963 | |
Katherine Whitten Director Of Admissions | 40 | $114,495 | |
Lily Yee Director Of Finance | Officer | 40 | $51,667 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Flik Food | 6/29/22 | $304,964 |
Physicianone Urgent Care Covid Testing | 6/29/22 | $227,220 |
Ug2 Llc Commercial Cleaning | 6/29/22 | $195,065 |
Trane Us Inc Hvac Services | 6/29/22 | $127,520 |
Angel's Painting Inc Painting | 6/29/22 | $102,150 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $723,100 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $723,100 |
| Total Program Service Revenue | $8,574,653 |
| Investment income | $201,342 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$54,618 |
| Net Gain/Loss on Asset Sales | $814,204 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $10,269,264 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,230,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $455,943 |
| Compensation of current officers, directors, key employees. | $91,189 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,692,896 |
| Pension plan accruals and contributions | $126,600 |
| Other employee benefits | $417,754 |
| Payroll taxes | $303,355 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $54,311 |
| Fees for services: Accounting | $16,678 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $45,997 |
| Fees for services: Other | $35,386 |
| Advertising and promotion | $120,708 |
| Office expenses | $177,265 |
| Information technology | $69,908 |
| Royalties | $0 |
| Occupancy | $902,486 |
| Travel | $123,870 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,163 |
| Interest | $284,323 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $833,618 |
| Insurance | $0 |
| All other expenses | $140,433 |
| Total functional expenses | $9,687,854 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,932,606 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $484,213 |
| Net Land, buildings, and equipment | $18,830,226 |
| Investments—publicly traded securities | $8,484,658 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $29,731,703 |
| Accounts payable and accrued expenses | $673,954 |
| Grants payable | $0 |
| Deferred revenue | $1,475,160 |
| Tax-exempt bond liabilities | $7,920,567 |
| 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 | $10,069,681 |
| Net assets without donor restrictions | $16,927,256 |
| Net assets with donor restrictions | $2,734,766 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $29,731,703 |