Greenwich Country Day School Inc
- Assets
- $332.9m
- Revenue
- $95.5m
- Investments
- $48.0m
- Employees
- 414
- Location
- Greenwich, CT
- Founding
- 05/1939
- Data as of
- 06/2021
- EIN
- 06-0646657
Organization Overview
Greenwich Country Day School Inc is located in Greenwich, CT. The organization was established in 1939. 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 06/2021, Greenwich Country Day School Inc employed 414 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Greenwich Country Day 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 06/2021, Greenwich Country Day School Inc generated $95.5m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 10.7% each year . All expenses for the organization totaled $68.4m during the year ending 06/2021. While expenses have increased by 9.7% per year over the past 6 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE SCHOOL SEEKS TO PROVIDE QUALIFIED STUDENTS WITH OPPORTUNITIES FOR ACADEMIC DEVELOPMENT, INTELLECTUAL GROWTH, ARTISTIC AND PHYSICAL FULFILLMENT AND MORAL AWARENESS.
Describe the Organization's Program Activity:
STUDENTS FROM NURSERY THROUGH TWELFTH GRADE, AND SUMMER PROGRAMS. TOTAL OF 1,380 STUDENTS WERE ENROLLED FOR THE SCHOOL YEAR 2020-2021.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Adam Rohdie Head Of School | Officer | 60 | $679,222 |
William Auerswald Chief Financial & Operating Officer | Officer | 50 | $352,031 |
Christopher S Winters Head Of The Upper School | 40 | $278,883 | |
Alnardo Ramirez Director Of College Counseling | 40 | $239,352 | |
Anabel M Perez Director Of Alumni Relations And Development | 50 | $224,044 | |
Jacqueline Jenkins Assistant Head Of School, Head Of Upper Elementary | 40 | $220,592 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Cambridge Associates Investment Advisors | 6/29/21 | $281,250 |
Centerbrook Architects And Planners Llp Architectural Services | 6/29/21 | $2,084,589 |
Marks Paneth Llp Accounting Services | 6/29/21 | $153,450 |
Fogarty Cohen Russo & Nemiroff Llc Legal Services | 6/29/21 | $150,509 |
Morano Garden And Design Landscaping Service | 6/29/21 | $200,864 |
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 | $32,680,389 |
| Noncash contributions included in lines 1a–1f | $2,028,669 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $32,680,389 |
| Total Program Service Revenue | $58,693,282 |
| Investment income | $1,186,812 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $665,543 |
| Net Gain/Loss on Asset Sales | $2,322,681 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $95,548,707 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $7,573,196 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,295,680 |
| Compensation of current officers, directors, key employees. | $284,661 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $27,499,874 |
| Pension plan accruals and contributions | $2,464,497 |
| Other employee benefits | $9,977,852 |
| Payroll taxes | $2,071,714 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $50,077 |
| Fees for services: Accounting | $104,300 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $404,119 |
| Fees for services: Other | $388,076 |
| Advertising and promotion | $3,683 |
| Office expenses | $0 |
| Information technology | $747,269 |
| Royalties | $0 |
| Occupancy | $1,697,706 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,009,106 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,491,604 |
| Insurance | $467,616 |
| All other expenses | $3,359,015 |
| Total functional expenses | $68,352,256 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $10,002,997 |
| Savings and temporary cash investments | $1,520,596 |
| Pledges and grants receivable | $37,442,241 |
| Accounts receivable, net | $561,814 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $183,556 |
| Prepaid expenses and deferred charges | $229,506 |
| Net Land, buildings, and equipment | $149,961,313 |
| Investments—publicly traded securities | $35,672,817 |
| Investments—other securities | $48,030,226 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $49,303,910 |
| Total assets | $332,908,976 |
| Accounts payable and accrued expenses | $6,170,532 |
| Grants payable | $0 |
| Deferred revenue | $18,610,328 |
| Tax-exempt bond liabilities | $59,152,370 |
| Escrow or custodial account liability | $57,600 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $9,700,440 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $32,240,029 |
| Total liabilities | $125,931,299 |
| Net assets without donor restrictions | $118,213,364 |
| Net assets with donor restrictions | $88,764,313 |
| 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 | $332,908,976 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Greenwich Country Day School Inc has recieved totaling $5,550.
| Awarding Organization | Amount |
|---|---|
Jjj Family Foundation Old Greenwich, CT PURPOSE: FOR MISSION SUPPORT | $5,000 |
Shribman Family Foundation Boston, MA PURPOSE: GENERAL OPERATING SUPPORT | $300 |
Rauch Rainoff Foundation Inc Southern Pnes, NC PURPOSE: UNRESTRICTED | $250 |
Endowment Analysis
| Beg. Balance | $69,420,032 |
| Earnings | $20,027,216 |
| Net Contributions | $244,227 |
| Other Expense | $407,433 |
| Ending Balance | $89,284,042 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Democracy Prep New York Charter Schools Bronx, NY | $67,527,043 | $86,404,779 |
Greenwich Country Day School Inc Greenwich, CT | $332,908,976 | $95,548,707 |
Grace Church School New York, NY | $124,238,513 | $52,477,666 |
Dexter Southfield Inc Brookline, MA | $119,216,504 | $58,438,330 |
Calhoun School Inc New York, NY | $66,556,667 | $39,561,327 |
Saint Davids School New York, NY | $170,289,488 | $33,366,978 |
Hewitt School New York, NY | $78,957,035 | $33,976,072 |
Buckley School In The City Of New York New York, NY | $138,732,019 | $33,895,115 |
Shady Hill School Cambridge, MA | $107,959,883 | $31,295,266 |
Bnos Bais Yaakov Of Far Rockaway Far Rockaway, NY | $26,507,044 | $28,668,399 |
City And Country School Inc New York, NY | $49,971,219 | $22,042,063 |
Wilbraham & Monson Academy Wilbraham, MA | $39,033,544 | $22,102,738 |