Taft School Corporation

Organization Overview

Taft School Corporation is located in Watertown, CT. The organization was established in 1990. 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, Taft School Corporation employed 349 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Taft School Corporation 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, Taft School Corporation generated $83.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.0% each year. All expenses for the organization totaled $59.3m during the year ending 06/2022. While expenses have increased by 3.0% 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.

Mission & Program ActivityExcerpts From the 990T Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

THE MISSION OF THE SCHOOL IS TO EDUCATE THE WHOLE STUDENT.

Describe the Organization's Program Activity:

PROVIDE EDUCATION SERVICES AND SUPPORT FOR APPROXIMATELY 600 STUDENTS IN GRADES NINE THROUGH POST-GRADUATE IN A BOARDING AND DAY SETTING.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
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Commercial & Industrialrefrigerationand
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Aramark Corporation
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$3,528,468
O & G Industries Inc
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$1,961,483
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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$18,432,688
Noncash contributions included in lines 1a–1f $757,580
Total Revenue from Contributions, Gifts, Grants & Similar$18,432,688
Total Program Service Revenue$38,623,000
Investment income $3,936,047
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $5,000
Net Gain/Loss on Asset Sales $21,907,107
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $197,979
Miscellaneous Revenue$0
Total Revenue $83,525,324

Grants Recieved

Over the last fiscal year, we have identified 35 grants that Taft School Corporation has recieved totaling $1,606,633.

Awarding OrganizationAmount
Shelby Cullom Davis Charitable Fund Inc

Wilmington, DE

PURPOSE: DAVIS INTERNATIONAL SCHOLARS PROGRAM

$484,385
Goldman Sachs Philanthropy Fund

New York, NY

PURPOSE: EDUCATION

$351,475
Schwab Charitable Fund

San Francisco, CA

PURPOSE: EDUCATION

$166,700
Morgan Stanley Global Impact Funding Trust Inc

Indianapolis, IN

PURPOSE: UNRESTRICTED GENERAL SUPPORT

$102,500
Goldman Sachs Charitable Gift Fund

New York, NY

PURPOSE: SCHOLARSHIPS & FINANCIAL AID

$75,000
Tr U/W Marian W Ottley Watertown

Las Vegas, NV

PURPOSE: GENERAL OPERATING

$75,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$317,757,768
Earnings-$30,863,964
Net Contributions$9,767,003
Other Expense$6,669,066
Grants$4,530,934
Ending Balance$285,460,807

Peer Organizations

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$80,573,016
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$135,336,667
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Deerfield, MA
$87,019,997
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Watertown, CT
$83,525,324
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Mount Hermon, MA
$64,524,302
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Hopkins School Incorporated
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Middlesex School
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$51,739,388
Trustees Of Thayer Academy
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$74,068,471

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