Fayerweather Street School Inc
- Assets
- $9.0m
- Revenue
- $8.6m
- Investments
- $0.0
- Employees
- 70
- Location
- Cambridge, MA
- Founding
- 12/1968
- Data as of
- 08/2023
- 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 08/2023, Fayerweather Street School Inc employed 70 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 08/2023, Fayerweather Street School Inc generated $8.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.6% each year. All expenses for the organization totaled $8.7m during the year ending 08/2023. While expenses have increased by 4.8% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
EDUCATIONAL INSTRUCTION GRADES PRE-K THROUGH GRADE 8.
Describe the Organization's Program Activity:
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 |
|---|---|---|---|
Max Cohen Clerk, Community Member | OfficerTrustee | 3 | $0 |
Amy Abelove Vice Chair,community Member | OfficerTrustee | 3 | $0 |
Anne Ellsworth Director, Community Member | Trustee | 1 | $0 |
Ben Dunlap Treasurer, Parent Member | OfficerTrustee | 4 | $0 |
Carolyn Bloomberg-O'brien Director,faculty Member | Trustee | 1 | $0 |
Carolyn Sadowski Director,parent Member | Trustee | 1 | $0 |
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 | $342,427 |
| Noncash contributions included in lines 1a–1f | $304,300 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $342,427 |
| Total Program Service Revenue | $7,891,795 |
| Investment income | $29,459 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $16,832 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $280,830 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,561,343 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,068,265 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $820,017 |
| Compensation of current officers, directors, key employees. | $414,099 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,919,249 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $866,092 |
| 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 | $353,208 |
| Advertising and promotion | $0 |
| Office expenses | $190,483 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $230,425 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $45,102 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $317,283 |
| Insurance | $94,885 |
| All other expenses | $117,034 |
| Total functional expenses | $8,726,786 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,842,209 |
| Savings and temporary cash investments | $91,978 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $418,115 |
| 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 | $78,671 |
| Net Land, buildings, and equipment | $5,060,330 |
| Investments—publicly traded securities | $505,135 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $8,996,438 |
| Accounts payable and accrued expenses | $84,603 |
| Grants payable | $0 |
| Deferred revenue | $2,974,071 |
| 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 | $686,916 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $3,745,590 |
| Net assets without donor restrictions | $5,083,014 |
| Net assets with donor restrictions | $167,834 |
| 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 | $8,996,438 |