Shore Country Day School
- Assets
- $51.8m
- Revenue
- $17.7m
- Investments
- $0.0
- Employees
- 130
- Location
- Beverly, MA
- Founding
- 07/1937
- Data as of
- 06/2021
- EIN
- 04-2104926
Organization Overview
Shore Country Day School is located in Beverly, MA. The organization was established in 1937. 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 06/2021, Shore Country Day School employed 130 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Shore Country Day 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 06/2021, Shore Country Day School generated $17.7m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.9% each year. All expenses for the organization totaled $14.2m during the year ending 06/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE EDUCATION TO STUDENTS IN PRE-K/KINDERGARTEN TO 9TH GRADE.
Describe the Organization's Program Activity:
SHORE COUNTRY DAY SCHOOL PROVIDES EDUCATION TO 348 STUDENTS IN PRE-K/KINDERGARTEN TO 9TH GRADE.
AUXILIARY ACTIVITIES - SEA SHORE, AN AFTER SCHOOL PROGRAM, PROVIDES A WIDE VARIETY OF OPPORTUNITIES FOR STUDENTS. THE PROGRAM OFFERS CHILDCARE, SUPERVISED STUDY HALL, AND ENRICHMENT CLASSES. CHILDCARE PROVIDES A RANGE OF FUN ACTIVITIES INCLUDING SPORTS, GAMES, COMPUTERS, ARTS AND CRAFTS, AS WELL AS EDUCATIONAL EXPERIENCES FOR STUDENTS. SUPERVISED STUDY HALL IS AN OPTION FOR STUDENTS NEEDING EXTRA TIME TO WORK ON THEIR HOMEWORK IN A QUIET, SUPERVISED ENVIRONMENT. ENRICHMENT CLASSES INCLUDE PRIVATE MUSIC LESSONS, MANDARIN CHINESE, TAE KWON DO, AND WOODWORKING. ALSO, THE SCHOOL OFFERS A VARIETY OF CAMPS INCLUDING FIELD HOCKEY, GIRLS LACROSSE, CERAMICS, AND A VARIETY OF OTHERS.
OTHER PROGRAM RELATED MISCELLANEOUS INCOME
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Clair Ward Head Of School | Officer | 40 | $388,306 |
Ann Marie Flynn Director Of Finance & Oper | 40 | $177,168 | |
Katie Kozin Director Of Advancement | 40 | $166,524 | |
Sara Knox Head Of Lower School | 40 | $120,618 | |
Gustavo Carrera Head Of Upper School | 40 | $118,467 | |
Daphne Faldi Director Of Admissions | 40 | $106,090 |
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 | $1,165,331 |
| Noncash contributions included in lines 1a–1f | $14,767 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,165,331 |
| Total Program Service Revenue | $11,615,679 |
| Investment income | $270,615 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $6,124 |
| Net Gain/Loss on Asset Sales | $4,617,627 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $17,689,477 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,298,389 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $697,324 |
| Compensation of current officers, directors, key employees. | $697,324 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,483,478 |
| Pension plan accruals and contributions | $410,968 |
| Other employee benefits | $2,146,216 |
| Payroll taxes | $439,727 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $12,015 |
| Fees for services: Accounting | $36,439 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $32,005 |
| Advertising and promotion | $104,800 |
| Office expenses | $113,765 |
| Information technology | $257,381 |
| Royalties | $0 |
| Occupancy | $398,447 |
| Travel | $224,884 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $72,318 |
| Interest | $153,703 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,122,927 |
| Insurance | $0 |
| All other expenses | $9,411 |
| Total functional expenses | $14,163,668 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $872,079 |
| Savings and temporary cash investments | $6,554,322 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $24,583 |
| 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 | $106,907 |
| Net Land, buildings, and equipment | $20,127,199 |
| Investments—publicly traded securities | $24,114,602 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $51,799,692 |
| Accounts payable and accrued expenses | $115,830 |
| Grants payable | $0 |
| Deferred revenue | $1,922,035 |
| Tax-exempt bond liabilities | $4,074,729 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $356,632 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $6,469,226 |
| Net assets without donor restrictions | $35,781,876 |
| Net assets with donor restrictions | $9,548,590 |
| 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 | $51,799,692 |
Grants Recieved
Over the last fiscal year, we have identified 27 grants that Shore Country Day School has recieved totaling $345,789.
| Awarding Organization | Amount |
|---|---|
Kahn Charitable Foundation Chestnut Hill, MA PURPOSE: UNRESTRICTED | $150,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $48,500 |
Morgan Stanley Global Impact Funding Trust Inc Indianapolis, IN PURPOSE: UNRESTRICTED GENERAL SUPPORT | $25,000 |
Tremblay Family Foundation Marblehead, MA PURPOSE: UNRESTRICTED SUPPORT OF ORGANIZATION'S CHARITABLE OBJECTIVE | $20,000 |
Demoulas Market Basket Foundation Chelmsford, MA PURPOSE: SCHOOLS, COLLEGES, UNIVERSITIES | $20,000 |
Essex County Community Foundation Incorporated Danvers, MA | | $18,000 |
Endowment Analysis
| Beg. Balance | $17,562,998 |
| Earnings | $5,213,773 |
| Net Contributions | $534,900 |
| Other Expense | $572,057 |
| Ending Balance | $22,739,614 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Dexter Southfield Inc Brookline, MA | $119,216,504 | $58,438,330 |
Calhoun School Inc New York, NY | $66,556,667 | $39,561,327 |
Saint Davids School New York, NY | $170,289,488 | $33,366,978 |
Hewitt School New York, NY | $78,957,035 | $33,976,072 |
Buckley School In The City Of New York New York, NY | $138,732,019 | $33,895,115 |
Shady Hill School Cambridge, MA | $107,959,883 | $31,295,266 |
Bnos Bais Yaakov Of Far Rockaway Far Rockaway, NY | $26,507,044 | $28,668,399 |
City And Country School Inc New York, NY | $49,971,219 | $22,042,063 |
Wilbraham & Monson Academy Wilbraham, MA | $39,033,544 | $22,102,738 |
Cardigan Mountain School Canaan, NH | $84,289,031 | $28,636,102 |
St Lukes School New York, NY | $52,345,185 | $21,771,060 |
Village Community School New York, NY | $70,966,980 | $22,510,782 |