Winchendon School Inc
- Assets
- $68.6m
- Revenue
- $15.6m
- Investments
- $0.0
- Employees
- 163
- Location
- Winchendon, MA
- Founding
- 10/1953
- Data as of
- 08/2020
- EIN
- 05-0270487
Organization Overview
Winchendon School Inc is located in Winchendon, MA. The organization was established in 1953. According to its NTEE Classification (B20) the organization is classified as: Elementary & Secondary Schools, under the broad grouping of Education and related organizations. As of 08/2021, Winchendon School Inc employed 163 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Winchendon 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, Winchendon School Inc generated $15.6m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (1.6%) each year. All expenses for the organization totaled $16.9m during the year ending 08/2020. 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
AT THE WINCHENDON SCHOOL, WE EQUIP EACH STUDENT WITH THE ESSENTIAL SKILLS AND HABITS OF MIND TO SUCCEED IN COLLEGE AND BEYOND.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE EDUCATIONAL SERVICES IN PREPARING APPROXIMATELY 275-290 YOUNG MEN AND WOMEN FOR HIGHER EDUCATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John A Kerney CEO | OfficerTrustee | 35 | $277,513 |
Scott Pottbecker Chief Operating Officer | 55 | $190,677 | |
Lauren Lambert Head Of School | 55 | $161,945 | |
John Toffey Dean Of Enrollment | 55 | $128,697 | |
Janet Gelinas Finance Director | Officer | 55 | $98,508 |
Romona Reid Trustee/teacher | Trustee | 55 | $55,449 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Sage Dining Services Inc Dining | 8/30/21 | $965,995 |
Goguen Construction Inc Building Contractor | 8/30/21 | $237,894 |
Jvartanian Consulting & Contracting Hvac | 8/30/21 | $222,204 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $449,513 |
| Investment income | $635,059 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $122,200 |
| Net Gain/Loss on Asset Sales | -$11,994 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $15,557,946 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $4,641,017 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $512,759 |
| Compensation to disqualified persons | $179,270 |
| Other salaries and wages | $4,688,213 |
| Pension plan accruals and contributions | $275,368 |
| Other employee benefits | $692,479 |
| Payroll taxes | $452,984 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $51,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $142,809 |
| Fees for services: Other | $14,127 |
| Advertising and promotion | $181,855 |
| Office expenses | $152,336 |
| Information technology | $142,224 |
| Royalties | $0 |
| Occupancy | $1,014,629 |
| Travel | $86,708 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $224,893 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,420,839 |
| Insurance | $151,137 |
| All other expenses | $0 |
| Total functional expenses | $16,861,068 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,985,786 |
| Savings and temporary cash investments | $2,085,005 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,944,927 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $26,402 |
| Inventories for sale or use | $6,069 |
| Prepaid expenses and deferred charges | $478,354 |
| Investments—publicly traded securities | $34,489,730 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,477,285 |
| Total assets | $68,621,046 |
| Accounts payable and accrued expenses | $812,202 |
| Grants payable | $0 |
| Deferred revenue | $9,424,365 |
| Tax-exempt bond liabilities | $6,968,990 |
| Escrow or custodial account liability | $306,801 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $1,149,300 |
| Other liabilities | $37,024 |
| Total liabilities | $18,698,682 |
| 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 | $49,922,364 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Winchendon School Inc has recieved totaling $45,588.
| Awarding Organization | Amount |
|---|---|
United Way Of North Central Mass Inc Fitchburg, MA PURPOSE: EDUCATION SUPPORT | $25,000 |
Sayles & Maddocks Family Foundation West Boothbay Harbor, ME PURPOSE: GENERAL CHARITABLE PURPOSES | $18,000 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $1,500 |
Fleming Family Foundation Hardwick, MA PURPOSE: CHARITABLE | $1,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $88 |
Endowment Analysis
| Beg. Balance | $2,205,685 |
| Earnings | $472,491 |
| Other Expense | $229,701 |
| Ending Balance | $2,448,475 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Rye Country Day School Rye, NY | $168,719,071 | $53,917,933 |
Trevor Day School New York, NY | $179,718,336 | $48,695,331 |
International College-Beirut Lebanon New York, NY | $209,567,353 | $51,574,911 |
Nightingale-Bamford School New York, NY | $159,201,980 | $40,384,072 |
Masters School Dobbs Ferry, NY | $186,890,779 | $50,762,923 |
Greens Farms Academy Inc Greens Farms, CT | $154,608,768 | $42,085,410 |
Anderson Center For Autism Staatsburg, NY | $50,895,038 | $39,808,177 |
King School Incorporated Stamford, CT | $114,064,346 | $37,308,932 |
Mount Prospect Academy Inc Plymouth, NH | $25,031,051 | $42,485,261 |
Winsor School Inc Boston, MA | $217,305,625 | $31,356,069 |
Charter School For Applied Technologies Buffalo, NY | $56,837,193 | $36,005,507 |
Friends Academy Locust Valley, NY | $106,966,643 | $33,637,084 |