Trustees Of Westminster School Inc
- Assets
- $238.1m
- Revenue
- $33.2m
- Investments
- $86.1m
- Employees
- 213
- Location
- Simsbury, CT
- Founding
- 03/1937
- Data as of
- 06/2022
- EIN
- 06-0646960
Organization Overview
Trustees Of Westminster School Inc is located in Simsbury, CT. The organization was established in 1937. 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, Trustees Of Westminster School Inc employed 213 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Trustees Of Westminster 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, Trustees Of Westminster School Inc generated $33.2m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (4.1%) each year. All expenses for the organization totaled $38.7m during the year ending 06/2022. 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
PROVIDE EDUCATIONAL PROGRAMS AND RELATED ACTIVITIES TO STUDENTS IN GRADES 9 THROUGH 12.
Describe the Organization's Program Activity:
PROVISION OF EDUCATIONAL PROGRAMS AND RELATED ACTIVITIES TO STUDENTS IN GRADES 9 THROUGH 12 (APPROXIMATELY 413 STUDENTS)
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeffrey H Artis Trustee | Trustee | 1 | $0 |
Stephen W Bailey Trustee | Trustee | 1 | $0 |
Elizabeth Gailu Baird Trustee | Trustee | 1 | $0 |
William L Beckford Trustee | Trustee | 1 | $0 |
William D Brewer Trustee | Trustee | 1 | $0 |
Christopher J Campbell Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Flik Compass Group Usa Food Service | 6/29/22 | $1,598,529 |
Building One Facility Services Llc Cleaning Service | 6/29/22 | $465,154 |
Modern Mechanical Systems Inc Mechanical Contractor | 6/29/22 | $394,543 |
Mirimus Inc Covid Testing | 6/29/22 | $149,290 |
Bartlett Brainard Eacott Inc Contractor | 6/29/22 | $209,600 |
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 | $5,063,105 |
| Noncash contributions included in lines 1a–1f | $1,624,121 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,063,105 |
| Total Program Service Revenue | $26,648,332 |
| Investment income | $1,109,965 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$202,779 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $101,687 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $33,170,029 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $120,000 |
| Grants and other assistance to domestic individuals. | $6,296,081 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $977,624 |
| Compensation of current officers, directors, key employees. | $481,195 |
| Compensation to disqualified persons | $482,868 |
| Other salaries and wages | $10,147,067 |
| Pension plan accruals and contributions | $967,226 |
| Other employee benefits | $1,748,175 |
| Payroll taxes | $796,788 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $170,329 |
| Fees for services: Accounting | $74,070 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $30,000 |
| Fees for services: Investment Management | $632,576 |
| Fees for services: Other | $0 |
| Advertising and promotion | $61,375 |
| Office expenses | $14,642 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $2,676,380 |
| Travel | $434,454 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,582,377 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,714,111 |
| Insurance | $410,863 |
| All other expenses | $0 |
| Total functional expenses | $38,675,830 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,685,588 |
| Savings and temporary cash investments | $31,389,254 |
| Pledges and grants receivable | $13,126,342 |
| Accounts receivable, net | $11,923,441 |
| Loans from Officers, Directors, or Controlling Persons | $158,419 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $966,473 |
| Inventories for sale or use | $134,441 |
| Prepaid expenses and deferred charges | $164,834 |
| Net Land, buildings, and equipment | $81,795,655 |
| Investments—publicly traded securities | $9,652,623 |
| Investments—other securities | $86,125,677 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $990,668 |
| Total assets | $238,113,415 |
| Accounts payable and accrued expenses | $1,257,333 |
| Grants payable | $0 |
| Deferred revenue | $20,895,790 |
| Tax-exempt bond liabilities | $48,946,790 |
| Escrow or custodial account liability | $0 |
| 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 | $507,346 |
| Total liabilities | $71,607,259 |
| Net assets without donor restrictions | $99,360,082 |
| Net assets with donor restrictions | $67,146,074 |
| 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 | $238,113,415 |