Allen-Chase Foundation
- Assets
- $217.7m
- Revenue
- $33.9m
- Investments
- $92.8m
- Employees
- 221
- Location
- Deerfield, MA
- Founding
- 12/1942
- Data as of
- 06/2022
- EIN
- 04-2108341
Organization Overview
Allen-Chase Foundation, operating under the name Eaglebrook School, is located in Deerfield, MA. The organization was established in 1942. 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 06/2022, Eaglebrook School employed 221 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Eaglebrook 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, Eaglebrook School generated $33.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.1% each year. All expenses for the organization totaled $24.9m during the year ending 06/2022. While expenses have increased by 4.2% 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
EAGLEBROOK IS A SCHOOL FOR BOYS IN THE 6TH, 7TH, 8TH, AND 9TH GRADES. IN A WARM, CARING, STRUCTURED ATMOSPHERE, BOYS LEARN MORE THAN THEY EVER THOUGHT POSSIBLE, DISCOVER INNER RESOURCES, DEVELOP SELF-CONFIDENCE, AND HAVE FUN ALONG THE WAY. EAGLEBROOK WELCOMES BOYS OF ANY RACE, COLOR, NATIONALITY, SEXUAL ORIENTATION, RELIGION, AND ALL SHARE THE SAME PRIVILEGES AND DUTIES.
Describe the Organization's Program Activity:
THE DELIVERY OF A QUALITY EDUCATION AND THE PROMOTION OF PHYSICAL EDUCATION TO APPROXIMATELY 247 BOARDING AND DAY STUDENTS AND 34 SUMMER SESSION STUDENTS IN GRADES 6 THROUGH 9.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Andrew Chase Head Of School | Officer | 50 | $349,756 |
Eric M Malloy CFO & Secretary | Officer | 50 | $221,720 |
Wesley Smith Director Of Physical Plant | 40 | $144,087 | |
Shapleigh Lapointe Dean Of School Life | 40 | $130,519 | |
Paul Cyr-Mutty Dean Of Teaching And Learn | 40 | $123,986 | |
Schuyler Bogel Director Of Advancement And Communications | 40 | $116,796 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Windigo Architechture Architecture | 6/29/22 | $231,181 |
E & R Laundry Inc Laundry | 6/29/22 | $277,844 |
Jamrog Hvac Inc Hvac | 6/29/22 | $261,343 |
Palmeri Electric Electrical Contracting | 6/29/22 | $215,014 |
D A Sullivan & Sons Inc General Contracting & Construction | 6/29/22 | $418,491 |
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 | $12,026,051 |
| Noncash contributions included in lines 1a–1f | $303,572 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $12,026,051 |
| Total Program Service Revenue | $15,931,848 |
| Investment income | $878,985 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $4,755,761 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$29,611 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $33,875,690 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $49,400 |
| Grants and other assistance to domestic individuals. | $1,916,946 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $706,427 |
| Compensation of current officers, directors, key employees. | $331,125 |
| Compensation to disqualified persons | $198,941 |
| Other salaries and wages | $8,455,101 |
| Pension plan accruals and contributions | $565,806 |
| Other employee benefits | $1,595,224 |
| Payroll taxes | $646,063 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $90,950 |
| Fees for services: Accounting | $56,540 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,543,641 |
| Fees for services: Other | $0 |
| Advertising and promotion | $16,411 |
| Office expenses | $187,801 |
| Information technology | $118,990 |
| Royalties | $0 |
| Occupancy | $2,162,072 |
| Travel | $95,943 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $244,585 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,020,119 |
| Insurance | $355,021 |
| All other expenses | $122,279 |
| Total functional expenses | $24,853,796 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,999,340 |
| Savings and temporary cash investments | $16,515,390 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $37,207 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $6,513 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $63,924,590 |
| Investments—publicly traded securities | $42,417,617 |
| Investments—other securities | $92,780,061 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $217,680,718 |
| Accounts payable and accrued expenses | $822,895 |
| Grants payable | $0 |
| Deferred revenue | $8,110,901 |
| Tax-exempt bond liabilities | $11,259,199 |
| 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 | $20,192,995 |
| Net assets without donor restrictions | $99,601,153 |
| Net assets with donor restrictions | $97,886,570 |
| 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 | $217,680,718 |
Grants Awarded
Over the last fiscal year, Allen-Chase Foundation has awarded $49,400 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
TOWN OF DEERFIELD PURPOSE: ANNUAL GIFT | $33,500 |
DEERFIELD FIRE DISTRICT PURPOSE: ANNUAL GIFT | $5,900 |
Greenfield, MA PURPOSE: CONSTRUCT NEW LIBRARY | $5,000 |
Shelburne Falls, MA PURPOSE: ANNUAL GIFT | $5,000 |
Grants Recieved
Over the last fiscal year, we have identified 13 grants that Allen-Chase Foundation has recieved totaling $5,583,850.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $5,103,850 |
Act Foundation Inc Atlanta, GA PURPOSE: GENERAL OPERATING SUPPORT | $200,000 |
Fjc New York, NY PURPOSE: UNRESTRICTED GENERAL SUPPORT | $51,500 |
Brown Foundation Inc Houston, TX PURPOSE: PURCHASING PROPERTY (APPLE FARM) ON PUTOMKUK RIDGE | $50,000 |
Yawkey Foundation Dedham, MA PURPOSE: SCHOLARSHIP PROGRAM FOR UNDERSERVED STUDENTS | $50,000 |
American Endowment Foundation Hudson, OH PURPOSE: EDUCATIONAL | $27,500 |
Endowment Analysis
| Beg. Balance | $140,419,913 |
| Earnings | -$15,912,345 |
| Net Contributions | $1,706,505 |
| Other Expense | $3,950,000 |
| Ending Balance | $122,264,073 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Kent School Corporation Kent, CT | $229,105,384 | $52,388,614 |
Hopkins School Incorporated New Haven, CT | $238,380,739 | $44,795,541 |
Middlesex School Concord, MA | $485,283,896 | $51,739,388 |
Trustees Of Thayer Academy Braintree, MA | $161,523,903 | $74,068,471 |
Tabor Academy Marion, MA | $131,644,395 | $42,865,044 |
Berkshire School Inc Sheffield, MA | $360,181,943 | $53,167,690 |
Norwich Free Academy Norwich, CT | $43,430,200 | $37,532,143 |
St Marks School Of Southborough Inc Southborough, MA | $256,704,983 | $26,796,658 |
Beaver Country Day School Inc Chestnut Hill, MA | $85,211,798 | $37,690,859 |
Trustees Of Westminster School Inc Simsbury, CT | $266,021,202 | $46,508,932 |
Williston Northampton School Easthampton, MA | $100,619,158 | $41,610,730 |
St Georges School Newport, RI | $313,371,330 | $43,582,609 |