Clearway School Inc
- Assets
- $3.2m
- Revenue
- $2.9m
- Investments
- $0.0
- Employees
- 26
- Location
- Newton, MA
- Founding
- 11/1975
- Data as of
- 06/2023
- EIN
- 04-2576523
Organization Overview
Clearway School Inc is located in Newton, MA. The organization was established in 1975. According to its NTEE Classification (B28) the organization is classified as: Special Education, under the broad grouping of Education and related organizations. As of 06/2023, Clearway School Inc employed 26 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Clearway 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 06/2023, Clearway School Inc generated $2.9m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.6% each year. All expenses for the organization totaled $2.8m during the year ending 06/2023. While expenses have increased by 6.5% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE SPECIALIZED INSTRUCTION TO STUDENTS WITH LEARNING DISABILITIES
Describe the Organization's Program Activity:
Part 3 - Line 4a
SPECIAL EDUCATION PROGRAM - THE PROGRAMS AT CLEARWAY SCHOOL PROVIDE SPECIAL NEEDS EDUCATION TO QUALIFIED STUDENTS THROUGHOUT THE SCHOOL YEAR. DURING THE CURRENT YEAR, 40 STUDENTS ATTENDED.
SUMMER PROGRAM - THE PROGRAMS AT CLEARWAY SCHOOL PROVIDE SPECIAL NEEDS EDUCATION TO QUALIFIED STUDENTS DURING THE SUMMER. DURING THE CURRENT YEAR, 28 STUDENTS ATTENDED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Peter Rosen Co-Director | Officer | 39.5 | $128,243 |
Mary Ryan Co-Director | Officer | 39.5 | $123,777 |
Kerin Dougherty Co-Director | Officer | 39.5 | $122,429 |
Rebecca Holloway Co-Director | OfficerTrustee | 39.5 | $121,823 |
Lindsay Shelhorn Special Education Teacher | 39.5 | $105,281 | |
Barbara Morton Special Education Teacher | 39.5 | $102,335 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $324,931 |
| All other contributions, gifts, grants, and similar amounts not included above | $33,044 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $357,975 |
| Total Program Service Revenue | $2,529,160 |
| Investment income | $3,568 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,900,713 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $552,036 |
| Compensation of current officers, directors, key employees. | $56,455 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,357,099 |
| Pension plan accruals and contributions | $68,742 |
| Other employee benefits | $96,813 |
| Payroll taxes | $127,647 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $11,998 |
| Fees for services: Accounting | $51,647 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $19,554 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $286,288 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $21,052 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $112,194 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $2,830,812 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $128,770 |
| Savings and temporary cash investments | $811,822 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $142,178 |
| 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 | $93 |
| Net Land, buildings, and equipment | $681,586 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,479,715 |
| Total assets | $3,244,164 |
| Accounts payable and accrued expenses | $269,212 |
| Grants payable | $0 |
| Deferred revenue | $4,825 |
| 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 | $244,541 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,666,184 |
| Total liabilities | $2,184,762 |
| Net assets without donor restrictions | $1,059,402 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $3,244,164 |