Trustees Of Westminster School Inc
- Assets
- $266.0m
- Revenue
- $46.5m
- Investments
- $102.9m
- Employees
- 212
- Location
- Simsbury, CT
- Founding
- 03/1937
- Data as of
- 06/2021
- 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 06/2021, Trustees Of Westminster School Inc employed 212 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 06/2021, Trustees Of Westminster School Inc generated $46.5m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 0.7% each year. All expenses for the organization totaled $37.1m during the year ending 06/2021. While expenses have increased by 2.0% 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
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 |
|---|---|---|---|
William Vn Philip Head Of School | Officer | 40 | $379,975 |
Julie Collins Chief Financial Officer | Officer | 40 | $198,296 |
Newell Grant Dir Of Advancement, Asst Secretary | Officer | 40 | $155,236 |
Miles E Bailey Dean Of Admissions | 40 | $153,156 | |
Shannon E O'shaughnessy Dir Of Advancement Operations | 40 | $150,206 | |
Peter Smith Medical Director | 40 | $148,586 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Bartlett Brainard Eacott Inc Contractor | 6/29/21 | $228,419 |
Carney Sandoe & Associates Inc Hiring Services | 6/29/21 | $146,178 |
Flik Compass Group Usa Food Service | 6/29/21 | $1,411,973 |
Building One Facility Services Llc Cleaning Service | 6/29/21 | $184,547 |
Blackbaud Inc Software Services | 6/29/21 | $149,702 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $232,709 |
| All other contributions, gifts, grants, and similar amounts not included above | $20,374,511 |
| Noncash contributions included in lines 1a–1f | $2,891,056 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $20,607,220 |
| Total Program Service Revenue | $25,070,603 |
| Investment income | $877,728 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$156,709 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$10,510 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $46,508,932 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $120,000 |
| Grants and other assistance to domestic individuals. | $6,120,105 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,640,445 |
| Compensation of current officers, directors, key employees. | $1,006,320 |
| Compensation to disqualified persons | $110,505 |
| Other salaries and wages | $9,246,878 |
| Pension plan accruals and contributions | $601,086 |
| Other employee benefits | $2,515,114 |
| Payroll taxes | $711,391 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $137,966 |
| Fees for services: Accounting | $64,283 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $6,000 |
| Fees for services: Investment Management | $654,751 |
| Fees for services: Other | $0 |
| Advertising and promotion | $68,407 |
| Office expenses | $294,993 |
| Information technology | $86,515 |
| Royalties | $0 |
| Occupancy | $2,233,660 |
| Travel | $70,247 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,693,892 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,756,236 |
| Insurance | $337,645 |
| All other expenses | $389,891 |
| Total functional expenses | $37,075,456 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,796,855 |
| Savings and temporary cash investments | $27,914,184 |
| Pledges and grants receivable | $18,011,504 |
| Accounts receivable, net | $12,142,289 |
| Loans from Officers, Directors, or Controlling Persons | $166,921 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,134,105 |
| Inventories for sale or use | $134,441 |
| Prepaid expenses and deferred charges | $79,781 |
| Net Land, buildings, and equipment | $85,937,773 |
| Investments—publicly traded securities | $14,750,972 |
| Investments—other securities | $102,877,263 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,075,114 |
| Total assets | $266,021,202 |
| Accounts payable and accrued expenses | $1,959,321 |
| Grants payable | $0 |
| Deferred revenue | $20,145,079 |
| Tax-exempt bond liabilities | $49,924,488 |
| 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 | $473,276 |
| Total liabilities | $72,502,164 |
| Net assets without donor restrictions | $114,923,817 |
| Net assets with donor restrictions | $78,595,221 |
| 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 | $266,021,202 |
Grants Recieved
Over the last fiscal year, we have identified 26 grants that Trustees Of Westminster School Inc has recieved totaling $1,162,168.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $394,720 |
Greater Houston Community Foundation Houston, TX PURPOSE: EDUCATIONAL | $326,000 |
Shelby Cullom Davis Charitable Fund Inc Wilmington, DE PURPOSE: DAVIS INTERNATIONAL SCHOLARS PROGRAM | $260,000 |
Columbus Foundation Columbus, OH PURPOSE: EDUCATION | $50,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $36,245 |
Morgan Stanley Global Impact Funding Trust Inc Indianapolis, IN PURPOSE: UNRESTRICTED GENERAL SUPPORT | $25,000 |
Endowment Analysis
| Beg. Balance | $106,599,488 |
| Earnings | $28,610,593 |
| Net Contributions | $14,855,327 |
| Other Expense | $4,144,094 |
| Grants | $905,906 |
| Ending Balance | $145,015,408 |
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 |