Fayerweather Street School Inc
- Assets
- $8.8m
- Revenue
- $7.0m
- Investments
- $46.1k
- Employees
- 60
- Location
- Cambridge, MA
- Founding
- 12/1968
- Data as of
- 08/2020
- EIN
- 04-2428713
Organization Overview
Fayerweather Street School Inc is located in Cambridge, MA. The organization was established in 1968. 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 08/2020, Fayerweather Street School Inc employed 60 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fayerweather Street 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 08/2020, Fayerweather Street School Inc generated $7.0m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.6% each year. All expenses for the organization totaled $7.3m during the year ending 08/2020. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
EDUCATIONAL INSTRUCTION GRADES PRE-K THROUGH GRADE 8.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATIONAL INSTRUCTION AND STUDENT ACTIVITIES FOR 200 STUDENTS IN GRADES PRE-K THROUGH GRADE 8.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kimberly Ridley Head Of School | Officer | 40 | $223,845 |
Charles Mcdermott Director Finance/operation | Officer | 40 | $119,679 |
Lauren Mueller Faculty Director | Trustee | 40 | $78,454 |
Dorla White-Simpson Faculty Director | Trustee | 40 | $74,546 |
Kerryn Hinds Faculty Director | Trustee | 40 | $71,784 |
Abby Branch Director | Trustee | 1 | $67,017 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $496,464 |
| Investment income | $50,555 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $210 |
| Net Income from Fundraising Events | $5,119 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,023,807 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $1,202,165 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $713,141 |
| Compensation to disqualified persons | $3,231,368 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $737,686 |
| 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 | $232,417 |
| Advertising and promotion | $0 |
| Office expenses | $111,136 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $210,015 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $41,218 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $279,081 |
| Insurance | $68,834 |
| All other expenses | $0 |
| Total functional expenses | $7,344,645 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $439,816 |
| Savings and temporary cash investments | $2,219,863 |
| Pledges and grants receivable | $205,744 |
| Accounts receivable, net | $258,406 |
| 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 | $42,488 |
| Investments—publicly traded securities | $604,857 |
| Investments—other securities | $46,125 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $8,806,565 |
| Accounts payable and accrued expenses | $114,954 |
| Grants payable | $0 |
| Deferred revenue | $1,872,864 |
| 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 | $1,492,921 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $3,480,739 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $5,325,826 |
Grants Recieved
Over the last fiscal year, we have identified 8 grants that Fayerweather Street School Inc has recieved totaling $62,806.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $45,000 |
Montauk Foundation Canton, OH PURPOSE: FINANCIAL AID | $5,000 |
Montauk Foundation Canton, OH PURPOSE: FINANCIAL AID FUND | $5,000 |
Four-Four Foundation Inc New York, NY PURPOSE: GENERAL | $4,000 |
Select Equity Group Foundation New York, NY PURPOSE: MATCHING GIFT | $1,750 |
Select Equity Group Foundation New York, NY PURPOSE: MATCHING GIFT | $1,750 |
Endowment Analysis
| Beg. Balance | $388,462 |
| Earnings | $82,673 |
| Ending Balance | $471,135 |
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 |