Pingree School Inc
- Assets
- $56.4m
- Revenue
- $24.5m
- Investments
- $51.0k
- Employees
- 225
- Location
- South Hamilton, MA
- Founding
- 06/1963
- Data as of
- 06/2021
- EIN
- 04-2279977
Organization Overview
Pingree School Inc is located in South Hamilton, MA. The organization was established in 1963. 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 06/2021, Pingree School Inc employed 225 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Pingree 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 06/2021, Pingree School Inc generated $24.5m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 5.2% each year. All expenses for the organization totaled $22.8m during the year ending 06/2021. While expenses have increased by 3.9% per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
DEDICATED TO ACADEMIC EXCELLENCE AND DEVELOPMENT OF HIGH PERSONAL STANDARDS, PINGREE BELIEVES THAT A LOVE OF LEARNING FLOURISHES BEST IN A DIVERSE COMMUNITY THAT RESPECTS TRUTH, CURIOSITY, CREATIVITY, HUMOR, AND INDEPENDENT AND IMAGINATIVE THINKING. ABOVE ALL, PINGREE STRIVES TO INSTILL IN ITS STUDENTS INTEGRITY, DECENCY, COMPASSION, SELF-ESTEEM AND COMMITMENT TO ONE ANOTHER AND TO THE WORLD AT LARGE.
Describe the Organization's Program Activity:
EDUCATIONAL PROGRAM - TO PROVIDE A HIGH QUALITY, FOUR YEAR, CO-EDUCATIONAL EXPERIENCE FOR DAY STUDENTS IN GRADES 9 THROUGH 12. THERE ARE APPROXIMATELY 394 STUDENTS.
AUXILIARY PROGRAMS - DESIGNED TO ATTRACT POTENTIAL STUDENTS AND FAMILIES TO THE SCHOOL. THE SCHOOL RENTS ITS ICE RINK, RUNS A SUMMER CAMP AND OTHER SPECIALIZED PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Timothy Johnson Head Of School | Officer | 40 | $411,579 |
John Harrington Chief Financial Officer | Officer | 40 | $178,986 |
Kristin Brown Associate Head Of School | 40 | $138,519 | |
Cara Lawler Director Of Advancement | 40 | $135,761 | |
Steven Filosa Executive Director, Prep@pingree | 40 | $122,691 | |
Christopher Macdouga Director Of Facilities | 40 | $120,294 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Compass Facility Services Inc Cleaning Services | 6/29/21 | $187,584 |
Ug2 Llc Facility Services | 6/29/21 | $731,475 |
Sodexo Inc & Affiliates Food Service | 6/29/21 | $410,082 |
Salter Transportation Inc Transporation | 6/29/21 | $272,384 |
Outdoor Pride Landscaping Inc Landscaping Services | 6/29/21 | $246,590 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,576,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,599,145 |
| Noncash contributions included in lines 1a–1f | $76,243 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,175,145 |
| Total Program Service Revenue | $19,942,213 |
| Investment income | $336,055 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$149,425 |
| Net Gain/Loss on Asset Sales | $1,201,194 |
| Net Income from Fundraising Events | -$2,400 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $19,896 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $24,537,877 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $4,478,850 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $690,293 |
| Compensation of current officers, directors, key employees. | $196,535 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $8,266,621 |
| Pension plan accruals and contributions | $588,756 |
| Other employee benefits | $1,516,490 |
| Payroll taxes | $614,487 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $13,003 |
| Fees for services: Accounting | $55,375 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $42,258 |
| Fees for services: Other | $444,240 |
| Advertising and promotion | $126,172 |
| Office expenses | $172,406 |
| Information technology | $325,440 |
| Royalties | $0 |
| Occupancy | $1,268,981 |
| Travel | $26,978 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $135,819 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,497,831 |
| Insurance | $172,091 |
| All other expenses | $766,405 |
| Total functional expenses | $22,836,148 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,956,179 |
| Savings and temporary cash investments | $3,092,131 |
| Pledges and grants receivable | $328,527 |
| Accounts receivable, net | $74,908 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $46,667 |
| Prepaid expenses and deferred charges | $450,312 |
| Net Land, buildings, and equipment | $29,487,581 |
| Investments—publicly traded securities | $19,835,622 |
| Investments—other securities | $50,989 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $71,060 |
| Total assets | $56,393,976 |
| Accounts payable and accrued expenses | $1,000,957 |
| Grants payable | $0 |
| Deferred revenue | $2,272,845 |
| Tax-exempt bond liabilities | $5,558,353 |
| 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 | $8,832,155 |
| Net assets without donor restrictions | $35,725,382 |
| Net assets with donor restrictions | $11,836,439 |
| 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 | $56,393,976 |
Grants Recieved
Over the last fiscal year, we have identified 22 grants that Pingree School Inc has recieved totaling $388,209.
| Awarding Organization | Amount |
|---|---|
Essex County Community Foundation Incorporated Danvers, MA | | $145,200 |
Anna Emery Hanson Charitable Foundation 1 Detroit, MI PURPOSE: DAILY OPERATIONAL SUPPORT | $48,973 |
Kneisel Foundation Inc Beverly, MA PURPOSE: GENERAL PURPOSE | $31,000 |
American Endowment Foundation Hudson, OH PURPOSE: EDUCATIONAL | $30,000 |
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 |
Endowment Analysis
| Beg. Balance | $15,558,349 |
| Earnings | $4,226,840 |
| Net Contributions | $664,586 |
| Other Expense | $150,677 |
| Grants | $346,323 |
| Ending Balance | $19,952,775 |
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 |