St Michaels Country Day School
- Assets
- $8.7m
- Revenue
- $6.4m
- Investments
- $0.0
- Employees
- 113
- Location
- Newport, RI
- Founding
- 02/1977
- Data as of
- 06/2022
- EIN
- 05-0369037
Organization Overview
St Michaels Country Day School is located in Newport, RI. The organization was established in 1977. 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 06/2022, St Michaels Country Day School employed 113 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. St Michaels Country Day School 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, St Michaels Country Day School generated $6.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.5% each year. All expenses for the organization totaled $5.8m during the year ending 06/2022. While expenses have increased by 0.2% 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
ST. MICHAEL'S COUNTRY DAY SCHOOL PROVIDES A DYNAMIC CURRICULUM THAT IS BUILT ON EXCELLENCE AND INSPIRES STUDENTS TO: LEARN WITH CONFIDENCE, LEAD WITH CHARACTER, AND ACHIEVE LASTING SUCCESS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING OF ELEMENTARY SCHOOL EDUCATION (GRADES PRESCHOOL THROUGH GRADE 8) SERVING APPROXIMATELY 212 STUDENTS DURING FY 2022.
PROVISION OF SPECIAL PROGRAMS CONSISTING OF MUSIC, AFTER-SCHOOL ACTIVITIES, TUTORING, SUMMER AND THEATER CAMPS, WHICH ARE PROVIDED OUTSIDE OF REGULAR CLASS WORK, FOR APPROXIMATELY 643 STUDENTS DURING FY 2022.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Walter Landberg Head Of School | Officer | 50 | $196,511 |
Edward Ferry Director Of Finance | Officer | 40 | $102,062 |
James Powell Treasurer | OfficerTrustee | 5 | $0 |
Kelly Richards Trustee | OfficerTrustee | 5 | $0 |
Amy Martin Chair | OfficerTrustee | 5 | $0 |
Isabella Dana Ridall Vice Chair | OfficerTrustee | 10 | $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 | $759,400 |
| Noncash contributions included in lines 1a–1f | $12,712 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $759,400 |
| Total Program Service Revenue | $5,506,197 |
| Investment income | $8,800 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $19,590 |
| Net Gain/Loss on Asset Sales | $49,161 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,352,077 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,284,652 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $393,329 |
| Compensation of current officers, directors, key employees. | $393,329 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,241,222 |
| Pension plan accruals and contributions | $91,836 |
| Other employee benefits | $400,967 |
| Payroll taxes | $188,098 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $33,520 |
| Fees for services: Accounting | $19,750 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $19,622 |
| Fees for services: Other | $0 |
| Advertising and promotion | $8,094 |
| Office expenses | $12,331 |
| Information technology | $15,208 |
| Royalties | $0 |
| Occupancy | $116,757 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $8,108 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $361,236 |
| Insurance | $63,475 |
| All other expenses | $38,169 |
| Total functional expenses | $5,786,003 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,160,377 |
| Savings and temporary cash investments | $18,466 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $33,196 |
| 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 | $91,177 |
| Net Land, buildings, and equipment | $5,155,481 |
| Investments—publicly traded securities | $2,255,853 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $8,714,550 |
| Accounts payable and accrued expenses | $506,618 |
| Grants payable | $0 |
| Deferred revenue | $611,517 |
| 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 | $194,521 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,312,656 |
| Net assets without donor restrictions | $5,164,793 |
| Net assets with donor restrictions | $2,237,101 |
| 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 | $8,714,550 |
Grants Recieved
Over the last fiscal year, we have identified 13 grants that St Michaels Country Day School has recieved totaling $228,884.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $125,000 |
Duniry Foundation Boston, MA PURPOSE: GENERAL | $41,456 |
Van Beuren Charitable Foundation Inc New York, NY PURPOSE: FINANCIAL AID PROGRAM, OPERATING-GENERAL | $17,500 |
Benzak Foundation Rye, NY PURPOSE: TO FURTHER DONEE'S EXEMPT PURPOSE | $10,000 |
George F Baker Uw Palm Beach Gardens, FL PURPOSE: FULFILLING COMMUNITY NEEDS | $10,000 |
Select Equity Group Foundation New York, NY PURPOSE: MATCHING GIFT | $10,000 |
Endowment Analysis
| Beg. Balance | $2,358,052 |
| Earnings | -$271,295 |
| Other Expense | $85,462 |
| Ending Balance | $2,001,295 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lycee International De Boston International School Of Boston Inc Cambridge, MA | $37,411,967 | $19,857,918 |
Fenn School Inc Concord, MA | $99,819,486 | $20,241,981 |
Amistad Academy Inc New Haven, CT | $35,461,697 | $16,961,980 |
Foote School Association Inc New Haven, CT | $45,302,394 | $17,181,198 |
Rumsey Hall School Incorporated Washington Depot, CT | $67,305,104 | $16,603,122 |
Dedham Country Day School Dedham, MA | $40,544,639 | $16,952,187 |
Shore Country Day School Beverly, MA | $51,799,692 | $17,689,477 |
Fairfield Country Day School Corporation Fairfield, CT | $23,268,154 | $12,828,375 |
Brookwood School Incorporated Manchester, MA | $33,301,700 | $12,669,241 |
Whitby School Inc Greenwich, CT | $31,145,631 | $13,188,724 |
Cape Cod Academy Inc Osterville, MA | $13,242,497 | $10,612,014 |
The Charles River School Dover, MA | $30,996,715 | $9,587,665 |