Roxbury Latin School Inc
- Assets
- $292.3m
- Revenue
- $29.6m
- Investments
- $195.2m
- Employees
- 96
- Location
- West Roxbury, MA
- Founding
- 02/1949
- Data as of
- 06/2023
- EIN
- 04-2104857
Organization Overview
Roxbury Latin School Inc is located in West Roxbury, MA. The organization was established in 1949. 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, Roxbury Latin School Inc employed 96 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Roxbury Latin School 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 06/2023, Roxbury Latin School Inc generated $29.6m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 8.3% each year. All expenses for the organization totaled $24.6m during the year ending 06/2023. While expenses have increased by 5.3% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE SECONDARY EDUCATION TO BOYS IN GRADES 7-12.
Describe the Organization's Program Activity:
TO PROVIDE SECONDARY EDUCATION TO BOYS IN GRADES 7-12.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ethan M Berman President | OfficerTrustee | 2 | $0 |
Michael J Giarla Chairman | OfficerTrustee | 2 | $0 |
Derek T Ho Secretary | OfficerTrustee | 2 | $0 |
Christopher T Mitchell Treasurer | OfficerTrustee | 2 | $0 |
Paul M Spinale Vice President | OfficerTrustee | 2 | $0 |
Michael S Berk Trustee | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Consigli Construction Co Inc Construction Contractor | 6/29/23 | $2,379,040 |
Sage Dining Services Food Services | 6/29/23 | $699,218 |
Cambridge Associates Llc Endowment Consultant | 6/29/23 | $368,974 |
Compass Facility Services Janitorial Services | 6/29/23 | $258,020 |
Polygon Us Corporation Restoration Services | 6/29/23 | $192,732 |
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 | $7,684,092 |
| Noncash contributions included in lines 1a–1f | $1,257,314 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,684,092 |
| Total Program Service Revenue | $11,749,500 |
| Investment income | $707,118 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $8,894,495 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $29,628,773 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $2,903,800 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $1,582,594 |
| Other salaries and wages | $7,776,319 |
| Pension plan accruals and contributions | $744,912 |
| Other employee benefits | $815,660 |
| Payroll taxes | $636,530 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $34,018 |
| Fees for services: Accounting | $69,623 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $574,167 |
| Fees for services: Other | $509,779 |
| Advertising and promotion | $0 |
| Office expenses | $114,603 |
| Information technology | $330,900 |
| Royalties | $0 |
| Occupancy | $1,797,956 |
| Travel | $32,630 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $283,244 |
| Interest | $902,149 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,614,145 |
| Insurance | $306,437 |
| All other expenses | $0 |
| Total functional expenses | $24,641,332 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,519,804 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $10,165,503 |
| 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 | $739,886 |
| Net Land, buildings, and equipment | $79,344,274 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $195,159,096 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,395,834 |
| Total assets | $292,324,397 |
| Accounts payable and accrued expenses | $2,340,887 |
| Grants payable | $0 |
| Deferred revenue | $3,295,120 |
| Tax-exempt bond liabilities | $25,207,629 |
| 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 | $315,906 |
| Total liabilities | $31,159,542 |
| Net assets without donor restrictions | $67,565,576 |
| Net assets with donor restrictions | $193,599,279 |
| 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 | $292,324,397 |