Inly School Inc
- Assets
- $15.6m
- Revenue
- $10.5m
- Investments
- $0.0
- Employees
- 104
- Location
- Scituate, MA
- Founding
- 12/1973
- Data as of
- 06/2022
- EIN
- 04-2526455
Organization Overview
Inly School Inc is located in Scituate, MA. The organization was established in 1973. According to its NTEE Classification (B21) the organization is classified as: Preschools, under the broad grouping of Education and related organizations. As of 06/2022, Inly School Inc employed 104 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Inly 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 06/2022, Inly School Inc generated $10.5m in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 11.6% each year . All expenses for the organization totaled $10.3m during the year ending 06/2022. While expenses have increased by 11.0% per year over the past 3 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO OPERATE AN INDEPENDENT SCHOOL APPLYING INLY'S DYNAMIC, MONTESSORI PRACTICES FOR TEACHING CHILDREN FROM 18 MONTHS TO 14 YEARS OF AGE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO OPERATE AN INDEPENDENT SCHOOL APPLYING INLY'S DYNAMIC, MONTESSORI PRACTICES FOR TEACHING CHILDREN FROM 18 MONTHS TO 14 YEARS OF AGE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Davenport Crocker Jr President | OfficerTrustee | 5 | $0 |
Stacey Best Vice President | OfficerTrustee | 4 | $0 |
Elizabeth Feeherry Secretary | OfficerTrustee | 4 | $0 |
Lisa Tyrrell Treasurer | OfficerTrustee | 5 | $0 |
Paul Antico Trustee | Trustee | 1 | $0 |
Sandy Kronitis-Sipols Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $66,330 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $649,932 |
| Noncash contributions included in lines 1a–1f | $71,807 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $716,262 |
| Total Program Service Revenue | $9,632,527 |
| Investment income | $9,798 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $29 |
| Net Income from Fundraising Events | $70,320 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $10,498,509 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,086,869 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $408,207 |
| Compensation of current officers, directors, key employees. | $297,991 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,689,603 |
| Pension plan accruals and contributions | $51,824 |
| Other employee benefits | $535,595 |
| Payroll taxes | $404,241 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $125,389 |
| 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 | $22,721 |
| Advertising and promotion | $94,891 |
| Office expenses | $170,759 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $316,614 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $111,231 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $420,604 |
| Insurance | $74,163 |
| All other expenses | $321,632 |
| Total functional expenses | $10,331,665 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,135,416 |
| Savings and temporary cash investments | $171,286 |
| Pledges and grants receivable | $200,000 |
| Accounts receivable, net | $10,029 |
| 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 | $374,630 |
| Net Land, buildings, and equipment | $11,582,399 |
| Investments—publicly traded securities | $139,700 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $15,613,460 |
| Accounts payable and accrued expenses | $268,333 |
| Grants payable | $0 |
| Deferred revenue | $3,800,432 |
| 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 | $3,315,923 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $7,384,688 |
| Net assets without donor restrictions | $7,610,019 |
| Net assets with donor restrictions | $618,753 |
| 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 | $15,613,460 |