Mary C Wheeler School Inc
- Assets
- $133.9m
- Revenue
- $44.4m
- Investments
- $8.0m
- Employees
- 560
- Location
- Providence, RI
- Founding
- 10/1948
- Data as of
- 06/2022
- EIN
- 05-0259101
Organization Overview
Mary C Wheeler School Inc is located in Providence, RI. The organization was established in 1948. 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, Mary C Wheeler School Inc employed 560 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mary C Wheeler 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, Mary C Wheeler School Inc generated $44.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.2% each year. All expenses for the organization totaled $37.2m during the year ending 06/2022. While expenses have increased by 3.0% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE WHEELER SCHOOL IS A CO-ED INDEPENDENT DAY SCHOOL FOR NURSERY THROUGH 12TH GRADE STUDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING EDUCATIONAL SERVICES TO STUDENTS ATTENDING NURSERY THROUGH 12TH GRADE. THE SCHOOL ENROLLED 785 STUDENTS FOR THE YEAR OF WHICH 87 STUDENTS GRADUATED FROM THE CLASS OF 2022 AND 98% OF THOSE GRADUATING PURSUED A COLLEGE EDUCATION. ADMINISTRATION, FACULTY AND STAFF PARTICIPATED IN SCHOOL SUPPORTED PROFESSIONAL DEVELOPMENT PROGRAMS. A STRONG VOLUNTEER GROUP OF PARENTS AND ALUMNI HELPED THE SCHOOL IN ITS FUNDRAISING AND ADMISSIONS ACTIVITIES.
WHEELER SUMMER CAMP AND PROGRAMS PROVIDE BOTH WHEELER STUDENTS AND CHILDREN FROM THE LOCAL COMMUNITIES, EDUCATIONAL, ENRICHMENT, RECREATIONAL AND ATHLETIC BASED ACTIVITIES AND PROGRAMMING. SUMMER CAMP AND PROGRAMS INTRODUCE CHILDREN TO THE WHEELER SCHOOL AND CAMP EXPERIENCES. IN 2021, 636 CHILDREN PARTICIPATED IN THE PROGRAM. WHEELER SUMMER CAMP AND PROGRAMS PROVIDE NON-TUITION REVENUE TO SUPPORT ANNUAL OPERATIONS.
AFTER SCHOOL PROGRAMS SERVICE WHEELER STUDENTS IN NURSERY THROUGH GRADE 5. APPROXIMATELY 62 STUDENTS WERE ENROLLED PER DAY IN AGE APPROPRIATE ACTIVITIES. ADDITIONALLY LATE DAY OPTIONS ARE AVAILABLE FOR OUR NURSERY AND PREK STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Allison Gaines Pell Head Of School | Officer | 50 | $491,706 |
Gary Esposito Director Of Operations | Officer | 50 | $245,857 |
Rachel Spaulding Director Of Advancement | 50 | $195,884 | |
Kathleen Wilson Assistant Treasurer/cfo | Officer | 50 | $190,849 |
Young Un Director Of Strategic Innovation | 50 | $154,909 | |
Neeltje Henneman Head Of Upper School | 50 | $151,303 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Brock & Company Inc Cafeteria & Food Services | 6/29/22 | $417,318 |
Tremblay's Bus Co Inc Bus Transportation Services | 6/29/22 | $132,612 |
Student Transportation Of America Bus Transportation Services | 6/29/22 | $126,107 |
Nuvu Llc Educational Innovation & Design Program | 6/29/22 | $143,343 |
Jg Vandal Roofing Company Roof Contractor (Repairs & Installation) | 6/29/22 | $130,462 |
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 | $7,351,032 |
| Noncash contributions included in lines 1a–1f | $99,633 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,351,032 |
| Total Program Service Revenue | $32,464,532 |
| Investment income | $2,068,564 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $159,364 |
| Net Gain/Loss on Asset Sales | $1,814,713 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $7,731 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $44,419,701 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $4,673,020 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,067,120 |
| Compensation of current officers, directors, key employees. | $705,592 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $16,047,233 |
| Pension plan accruals and contributions | $721,291 |
| Other employee benefits | $4,886,172 |
| Payroll taxes | $1,210,254 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $95,267 |
| Fees for services: Accounting | $61,337 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $47,718 |
| Fees for services: Investment Management | $163,547 |
| Fees for services: Other | $1,233,003 |
| Advertising and promotion | $74,978 |
| Office expenses | $571,826 |
| Information technology | $225,148 |
| Royalties | $0 |
| Occupancy | $843,190 |
| Travel | $27,141 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,274 |
| Interest | $634 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,661,555 |
| Insurance | $233,686 |
| All other expenses | $1,132,418 |
| Total functional expenses | $37,177,070 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,229,154 |
| Savings and temporary cash investments | $5,551,416 |
| Pledges and grants receivable | $3,805,134 |
| Accounts receivable, net | $24,741,746 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $33,333 |
| Inventories for sale or use | $78,216 |
| Prepaid expenses and deferred charges | $517,647 |
| Net Land, buildings, and equipment | $43,763,932 |
| Investments—publicly traded securities | $45,192,584 |
| Investments—other securities | $8,014,161 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $133,927,323 |
| Accounts payable and accrued expenses | $2,909,013 |
| Grants payable | $0 |
| Deferred revenue | $26,529,661 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $51,311 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $567,500 |
| Total liabilities | $30,057,485 |
| Net assets without donor restrictions | $59,101,260 |
| Net assets with donor restrictions | $44,768,578 |
| 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 | $133,927,323 |
Grants Recieved
Over the last fiscal year, we have identified 18 grants that Mary C Wheeler School Inc has recieved totaling $172,565.
| Awarding Organization | Amount |
|---|---|
The Sand Foundation Wilmington, DE PURPOSE: HAMILTON INSTITUTE ENDOWMENT | $50,000 |
The Berkshire Taconic Community Foundation Inc Sheffield, MA PURPOSE: FOR EDUCATIONAL PROGRAMMING AND ENRICHMENT | $37,500 |
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $18,800 |
The Rhode Island Community Foundation Providence, RI PURPOSE: BREAKTHROUGH PROVIDENCE STRATEGIC PLANNING PROCESS; BREAKTHROUGH PROVIDENCE STUDENT PROGRAMS | $12,500 |
The Rhode Island Community Foundation Providence, RI PURPOSE: EMPLOYEE CONTRIBUTION; ADDIE ARMBRUST FUND; VISUAL ARTS DEPARTMENT; GENERAL SUPPORT; GENERAL OPERATING; PROGRAM SUPPORT | $12,125 |
Leona M & Harry B Helmsley Charitable Trust New York, NY PURPOSE: GENERAL OPERATING SUPPORT | $10,000 |
Endowment Analysis
| Beg. Balance | $57,360,026 |
| Earnings | -$6,160,059 |
| Net Contributions | $5,196,141 |
| Other Expense | $671,523 |
| Grants | $1,233,137 |
| Ending Balance | $54,491,448 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Mary C Wheeler School Inc Providence, RI | $133,927,323 | $44,419,701 |
Alliance For Community Empowerment Inc Bridgeport, CT | $16,278,594 | $27,495,341 |
Scus Head Start Programs Inc Fairfield, CT | $3,729,940 | $22,684,143 |
Jumpstart For Young Children Inc Boston, MA | $20,704,200 | $25,715,901 |
Holyoke Chicopee Springfield Head Start Inc Springfield, MA | $4,876,659 | $18,197,572 |
Belmont Day School Inc Belmont, MA | $53,871,739 | $17,214,948 |
The Kingsley Montessori School Inc Boston, MA | $12,852,129 | $12,365,430 |
Nashoba Brooks School Of Concord Concord, MA | $34,636,415 | $10,867,224 |
Chestnut Hill School Chestnut Hill, MA | $33,385,087 | $15,409,802 |
Crossroads Continuum Inc Hudson, MA | $10,592,948 | $12,454,903 |
Inly School Inc Scituate, MA | $15,613,460 | $10,498,509 |
Tenacre Country Day School Corporation Wellesley, MA | $48,148,886 | $8,201,526 |