Miss Porters School Inc
- Assets
- $215.3m
- Revenue
- $43.6m
- Investments
- $82.9m
- Employees
- 232
- Location
- Farmington, CT
- Founding
- 12/1943
- Data as of
- 06/2022
- EIN
- 06-0646786
Organization Overview
Miss Porters School Inc is located in Farmington, CT. The organization was established in 1943. According to its NTEE Classification (B25) the organization is classified as: Secondary & High Schools, under the broad grouping of Education and related organizations. As of 06/2022, Miss Porters School Inc employed 232 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Miss Porters 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, Miss Porters School Inc generated $43.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.9% each year. All expenses for the organization totaled $32.8m during the year ending 06/2022. While expenses have increased by 3.4% 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
MISS PORTER'S SCHOOL EXCELS AT PREPARING YOUNG WOMEN FOR COLLEGE, FOR LEADERSHIP, AND FOR LIFE. OUR ATTENTIVE, DIVERSE BOARDING AND DAY COMMUNITY PROVIDES A DEMANDING CURRICULUM - ACADEMIC, ARTISTIC, ATHLETIC AND RESIDENTIAL. WE CHALLENGE OUR STUDENTS TO BECOME INFORMED, BOLD, RESOURCEFUL AND ETHICAL GLOBAL CITIZENS. WE EXPECT OUR GRADUATES TO SHAPE A CHANGING WORLD.
Describe the Organization's Program Activity:
INDEPENDENT SECONDARY SCHOOL WITH 222 BOARDERS AND 116 DAY STUDENTS, 33 SUMMER PROGRAM PARTICIPANTS AND 37 PORTER'S GLOBAL SUMMER ONLINE STUDENTS
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Katherine G Windsor Head Of School | OfficerTrustee | 40 | $1,257,071 |
Michael J Bergin Cfo/coo | Officer | 40 | $406,612 |
Christine Pina Chief Advancement Officer | 40 | $314,341 | |
Elizabeth Schmitt Chief Enrollment And Stude | 40 | $175,286 | |
Timothy Quinn Chief Academic Officer And | 40 | $156,418 | |
Christina Dieguez-Kuo Campaign Director | 40 | $148,749 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Brock And Company Inc Food Services | 6/29/22 | $1,367,141 |
Mizzy Construction Inc Construction | 6/29/22 | $938,970 |
O & G Industries Inc Construction | 6/29/22 | $9,424,014 |
Construx Co Llc Construction | 6/29/22 | $1,037,530 |
Air Temp Mechanical Services Inc Hvac | 6/29/22 | $812,874 |
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 | $6,450,238 |
| Noncash contributions included in lines 1a–1f | $1,063,459 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,450,238 |
| Total Program Service Revenue | $21,368,548 |
| Investment income | $3,405,967 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $120,016 |
| Net Gain/Loss on Asset Sales | $11,974,394 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$3,566 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $43,634,865 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $4,833,313 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,732,528 |
| Compensation of current officers, directors, key employees. | $829,215 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $9,133,055 |
| Pension plan accruals and contributions | $846,200 |
| Other employee benefits | $2,295,110 |
| Payroll taxes | $676,655 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $21,908 |
| Fees for services: Accounting | $86,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $469,254 |
| Fees for services: Other | $4,069,506 |
| Advertising and promotion | $26,288 |
| Office expenses | $1,337,120 |
| Information technology | $205,125 |
| Royalties | $0 |
| Occupancy | $1,250,370 |
| Travel | $493,596 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $75,742 |
| Interest | $687,783 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,640,292 |
| Insurance | $322,041 |
| All other expenses | $0 |
| Total functional expenses | $32,812,324 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $517,493 |
| Savings and temporary cash investments | $8,503,610 |
| Pledges and grants receivable | $2,462,811 |
| Accounts receivable, net | $10,217 |
| Loans from Officers, Directors, or Controlling Persons | $180,669 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $89,917 |
| Prepaid expenses and deferred charges | $1,145,011 |
| Net Land, buildings, and equipment | $58,629,553 |
| Investments—publicly traded securities | $58,288,408 |
| Investments—other securities | $82,913,581 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,552,784 |
| Total assets | $215,294,054 |
| Accounts payable and accrued expenses | $2,183,599 |
| Grants payable | $0 |
| Deferred revenue | $4,105,101 |
| Tax-exempt bond liabilities | $24,522,696 |
| Escrow or custodial account liability | $48,165 |
| 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 | $445,765 |
| Total liabilities | $31,305,326 |
| Net assets without donor restrictions | $62,189,285 |
| Net assets with donor restrictions | $121,799,443 |
| 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 | $215,294,054 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Miss Porters School Inc has recieved totaling $20,000.
| Awarding Organization | Amount |
|---|---|
The Patton Charitable Foundation Hobe Sound, FL PURPOSE: ANNUAL FUNDEDUCATIONYOUNG WOMEN | $10,000 |
Francis J And Louisa J Oneglia Foundation Inc Torrington, CT PURPOSE: GENERAL FUND | $5,000 |
Deeds Foundation New York, NY PURPOSE: $5,000 ANNUAL FUND | $5,000 |
Endowment Analysis
| Beg. Balance | $170,952,078 |
| Earnings | -$23,386,760 |
| Net Contributions | $1,577,252 |
| Other Expense | $5,809,800 |
| Grants | $1,060,994 |
| Ending Balance | $142,271,776 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Choate Rosemary Hall Foundation Incorporated Wallingford, CT | $824,930,363 | $80,573,016 |
Hotchkiss School Lakeville, CT | $832,226,197 | $135,336,667 |
Trustees Of Deerfield Academy Deerfield, MA | $1,009,854,595 | $87,019,997 |
Taft School Corporation Watertown, CT | $447,949,060 | $83,525,324 |
Northfield Mount Hermon School Mount Hermon, MA | $279,135,089 | $64,524,302 |
Loomis Institute Windsor, CT | $445,458,169 | $66,028,387 |
Noble And Greenough School Dedham, MA | $357,051,555 | $55,304,957 |
Groton School Groton, MA | $519,152,774 | $50,710,312 |
Kent School Corporation Kent, CT | $229,105,384 | $52,388,614 |
Hopkins School Incorporated New Haven, CT | $238,380,739 | $44,795,541 |
Middlesex School Concord, MA | $485,283,896 | $51,739,388 |
Trustees Of Thayer Academy Braintree, MA | $161,523,903 | $74,068,471 |