Canterbury School Incorporated
- Assets
- $91.6m
- Revenue
- $27.2m
- Investments
- $15.4m
- Employees
- 168
- Location
- New Milford, CT
- Founding
- 04/1922
- Data as of
- 06/2020
- EIN
- 06-0646566
Organization Overview
Canterbury School Incorporated is located in New Milford, CT. The organization was established in 1922. 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 06/2021, Canterbury School Incorporated employed 168 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Canterbury School Incorporated 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 06/2020, Canterbury School Incorporated generated $27.2m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.6% each year. All expenses for the organization totaled $24.2m during the year ending 06/2020. 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
EDUCATIONAL ORGANIZATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
INSTRUCTION OF APPROXIMATELY 312 STUDENTS IN GRADES 9-12, INCLUDING STUDENT SERVICES RELATED TO EDUCATION PROGRAMS, LODGING AND MEALS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rachel Stone Head Of School/treasurer | Officer | 40 | $290,847 |
Stephen Carleton Business Manager | Officer | 40 | $176,690 |
Richard Henderson Chief Advancement Officer | 40 | $173,929 | |
Peter Cotier Assoc Head Of School/asst | Officer | 40 | $140,345 |
Matthew Mulhern Director Of Admission | 40 | $128,726 | |
John Moylan Director Of Facilities | 40 | $121,500 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Burlington Construction Co Inc Construction | 6/29/21 | $5,047,885 |
Tempus Labs Inc Covid Testing | 6/29/21 | $127,310 |
Allied Universal Security Services Security Service | 6/29/21 | $116,382 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,969,953 |
| Investment income | $656,365 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $96,315 |
| Net Gain/Loss on Asset Sales | -$763,373 |
| Net Income from Fundraising Events | $31,465 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$18,021 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $27,212,358 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $5,120,591 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $990,248 |
| Compensation to disqualified persons | $127,128 |
| Other salaries and wages | $7,134,696 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $2,193,774 |
| Payroll taxes | $567,128 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $15,396 |
| Fees for services: Accounting | $61,812 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $1,235 |
| Fees for services: Investment Management | $178,777 |
| Fees for services: Other | $199,071 |
| Advertising and promotion | $171,231 |
| Office expenses | $373,553 |
| Information technology | $425,597 |
| Royalties | $0 |
| Occupancy | $943,939 |
| Travel | $159,440 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $124,771 |
| Interest | $608,729 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,225,114 |
| Insurance | $350,562 |
| All other expenses | $0 |
| Total functional expenses | $24,152,344 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $11,977,279 |
| Pledges and grants receivable | $1,888,731 |
| Accounts receivable, net | $430,721 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $103,817 |
| Prepaid expenses and deferred charges | $449,451 |
| Investments—publicly traded securities | $18,349,219 |
| Investments—other securities | $15,435,448 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $91,620,870 |
| Accounts payable and accrued expenses | $1,754,443 |
| Grants payable | $0 |
| Deferred revenue | $1,421,643 |
| Tax-exempt bond liabilities | $18,980,670 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $275,437 |
| Unsecured mortgages and notes payable | $1,934,800 |
| Other liabilities | $406,520 |
| Total liabilities | $24,773,513 |
| 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 | $66,847,357 |
Grants Recieved
Over the last fiscal year, we have identified 10 grants that Canterbury School Incorporated has recieved totaling $101,103.
| Awarding Organization | Amount |
|---|---|
Ayco Charitable Foundation Cohoes, NY PURPOSE: EDUCATION | $42,850 |
United Way Of Rhode Island Inc Providence, RI PURPOSE: DESIGNATED DONATION/GRANT | $20,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $15,750 |
Catholic Community Foundation Of Los Angeles Los Angeles, CA PURPOSE: FLANAGAN FAMILY SCHOLARSHIP FUND | $10,000 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $6,000 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $2,600 |
Endowment Analysis
| Beg. Balance | $31,432,533 |
| Earnings | $6,974,548 |
| Admin Expense | $201,964 |
| Net Contributions | $1,085,741 |
| Other Expense | $1,595,591 |
| Ending Balance | $37,695,267 |
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 |
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 |
Fessenden School West Newton, MA | $138,609,682 | $33,180,214 |