Advent School Corporation
- Assets
- $14.1m
- Revenue
- $6.9m
- Investments
- $0.0
- Employees
- 72
- Location
- Boston, MA
- Founding
- 05/1963
- Data as of
- 06/2021
- EIN
- 04-2304521
Organization Overview
Advent School Corporation is located in Boston, MA. The organization was established in 1963. 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, Advent School Corporation employed 72 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Advent School Corporation 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, Advent School Corporation generated $6.9m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.9% each year. All expenses for the organization totaled $7.7m during the year ending 06/2021. While expenses have increased by 2.8% 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
EDUCATIONAL INSTRUCTION GRADES EARLY CHILDHOOD THROUGH GRADE 6.
Describe the Organization's Program Activity:
EDUCATIONAL INSTRUCTION AND STUDENT ACTIVITIES FOR STUDENTS IN GRADES EARLY CHILDHOOD THROUGH GRADE 6.
AFTER SCHOOL PROGRAMS FOR CHILDREN WHO ARE STUDENTS AT THE ADVENT SCHOOL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nicole A Dufauchard Head Of School | Officer | 40 | $298,300 |
Jeff Ch Morgan Director Of Finance And Op | Officer | 40 | $140,269 |
Jennifer Meader Trustee, Faculty Rep | Trustee | 40 | $66,215 |
Jerry Ward President & Chair | OfficerTrustee | 4 | $0 |
Mark Dmytruk Treasurer | OfficerTrustee | 2 | $0 |
Rachel Casesus Secretary | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $26,255 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $263,855 |
| Noncash contributions included in lines 1a–1f | $5,212 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $290,110 |
| Total Program Service Revenue | $6,482,653 |
| Investment income | $42,494 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $64,063 |
| Net Income from Fundraising Events | -$6,687 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,872,633 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,286,985 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $465,521 |
| Compensation of current officers, directors, key employees. | $284,157 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,625,865 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $487,719 |
| Payroll taxes | $288,364 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $128,348 |
| Advertising and promotion | $37,828 |
| Office expenses | $113,287 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $238,065 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $219,383 |
| Insurance | $58,434 |
| All other expenses | $219,198 |
| Total functional expenses | $7,700,497 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,059,031 |
| Savings and temporary cash investments | $2,011,595 |
| Pledges and grants receivable | $148,747 |
| Accounts receivable, net | $39,735 |
| 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 | $75,964 |
| Net Land, buildings, and equipment | $7,942,211 |
| Investments—publicly traded securities | $1,842,099 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $14,119,382 |
| Accounts payable and accrued expenses | $487,907 |
| Grants payable | $0 |
| Deferred revenue | $1,714,927 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $7,967,448 |
| Unsecured mortgages and notes payable | $1,468,567 |
| Other liabilities | $0 |
| Total liabilities | $11,638,849 |
| Net assets without donor restrictions | $1,994,002 |
| Net assets with donor restrictions | $486,531 |
| 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 | $14,119,382 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Advent School Corporation has recieved totaling $189,542.
| Awarding Organization | Amount |
|---|---|
Fidelity Investments Charitable Gift Fund Boston, MA PURPOSE: For grant recipient's exempt purposes | $151,650 |
Network For Good Inc Washington, DC PURPOSE: Unrestricted | $18,446 |
Network For Good Inc Washington, DC PURPOSE: Unrestricted | $18,446 |
Fidelity Foundation Boston, MA PURPOSE: EDUCATION | $1,000 |
Endowment Analysis
| Beg. Balance | $343,109 |
| Earnings | $124,752 |
| Net Contributions | $4,262 |
| Other Expense | $12,711 |
| Ending Balance | $459,412 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Village Community School New York, NY | $70,966,980 | $22,510,782 |
Lycee International De Boston International School Of Boston Inc Cambridge, MA | $37,411,967 | $19,857,918 |
Speyer Legacy School New York, NY | $16,160,814 | $25,812,126 |
Fenn School Inc Concord, MA | $99,819,486 | $20,241,981 |
Amistad Academy Inc New Haven, CT | $35,461,697 | $16,961,980 |
Foote School Association Inc New Haven, CT | $45,302,394 | $17,181,198 |
Rumsey Hall School Incorporated Washington Depot, CT | $67,305,104 | $16,603,122 |
Eugenio Maria De Hostos Charter School Rochester, NY | $9,947,408 | $17,341,158 |
Buckley Country Day School Roslyn, NY | $25,298,235 | $15,722,484 |
Dedham Country Day School Dedham, MA | $40,544,639 | $16,952,187 |
Big Apple Institute Inc Brooklyn, NY | $4,985,995 | $17,005,118 |
Shore Country Day School Beverly, MA | $51,799,692 | $17,689,477 |