Wooster School Corporation
- Assets
- $18.2m
- Revenue
- $16.1m
- Investments
- $0.0
- Employees
- 103
- Location
- Danbury, CT
- Founding
- 02/1951
- Data as of
- 06/2022
- EIN
- 06-0653144
Organization Overview
Wooster School Corporation is located in Danbury, CT. The organization was established in 1951. According to its NTEE Classification (B20) the organization is classified as: Elementary & Secondary Schools, under the broad grouping of Education and related organizations. As of 06/2022, Wooster School Corporation employed 103 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wooster 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, Wooster School Corporation generated $16.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.7% each year. All expenses for the organization totaled $15.2m during the year ending 06/2022. While expenses have increased by 1.0% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE STUDENTS IN GRADE 5 THROUGH GRADE 12 WITH AN ELEMENTARY AND/OR SECONDARY EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
INSTRUCTION OF AND EDUCATIONAL PROGRAMS FOR APPROXIMATELY 333 CHILDREN ENROLLED IN GRADE 5 THROUGH GRADE 12 BY APPROXIMATELY 71 QUALIFIED INSTRUCTORS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Matthew Byrnes Head Of School | OfficerTrustee | 60 | $589,159 |
Chris Pannone Associate Head Of School | 60 | $242,568 | |
Mike Jumper Chief Financial Officer | Officer | 60 | $223,970 |
Diane Martin Director Of Divisions | 50 | $185,801 | |
Brian Sullivan Faculty | 50 | $119,049 | |
Todd Fischer Director Of Facilities | 50 | $110,763 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Clark Companies Construction Contractor | 6/29/22 | $1,530,489 |
Flik Independent School Diningcompass G Food Service | 6/29/22 | $502,178 |
B And B Transportation Inc Bus Transportation | 6/29/22 | $400,460 |
Giglio Landscaping Services Landscaping | 6/29/22 | $323,252 |
Edutek Ltd It Contractor | 6/29/22 | $148,003 |
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 | $1,379,569 |
| Noncash contributions included in lines 1a–1f | $6,549 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,379,569 |
| Total Program Service Revenue | $14,433,856 |
| Investment income | $70,046 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $59,525 |
| Net Gain/Loss on Asset Sales | $47,568 |
| Net Income from Fundraising Events | $77,512 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $16,138,780 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $3,666,503 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $345,839 |
| Compensation of current officers, directors, key employees. | $951,558 |
| Compensation of current officers, directors, key employees. | $951,558 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,620,477 |
| Pension plan accruals and contributions | $223,999 |
| Other employee benefits | $361,794 |
| Payroll taxes | $428,204 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $438 |
| Fees for services: Other | $0 |
| Advertising and promotion | $80,465 |
| Office expenses | $1,320,458 |
| Information technology | $88,461 |
| Royalties | $0 |
| Occupancy | $454,662 |
| Travel | $433,577 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $37,648 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $696,197 |
| Insurance | $225,641 |
| All other expenses | $0 |
| Total functional expenses | $15,208,526 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $500 |
| Savings and temporary cash investments | $2,274,083 |
| Pledges and grants receivable | $577,150 |
| Accounts receivable, net | $61,784 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $170,040 |
| Net Land, buildings, and equipment | $11,412,908 |
| Investments—publicly traded securities | $3,653,769 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $18,150,234 |
| Accounts payable and accrued expenses | $482,968 |
| Grants payable | $0 |
| Deferred revenue | $2,355,216 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $1,182,767 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $4,020,951 |
| Net assets without donor restrictions | $10,346,178 |
| Net assets with donor restrictions | $3,783,105 |
| 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 | $18,150,234 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Wooster School Corporation has recieved totaling $7,216.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $6,250 |
Synchrony Foundation Stamford, CT PURPOSE: EMPLOYER MATCHING GIFT PROGRAM | $700 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $266 |
Endowment Analysis
| Beg. Balance | $3,762,605 |
| Earnings | -$426,742 |
| Net Contributions | $280,964 |
| Other Expense | $114,650 |
| Ending Balance | $3,502,177 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Rye Country Day School Rye, NY | $168,719,071 | $53,917,933 |
Trevor Day School New York, NY | $179,718,336 | $48,695,331 |
International College-Beirut Lebanon New York, NY | $209,567,353 | $51,574,911 |
Nightingale-Bamford School New York, NY | $159,201,980 | $40,384,072 |
Masters School Dobbs Ferry, NY | $186,890,779 | $50,762,923 |
Greens Farms Academy Inc Greens Farms, CT | $154,608,768 | $42,085,410 |
Anderson Center For Autism Staatsburg, NY | $50,895,038 | $39,808,177 |
King School Incorporated Stamford, CT | $114,064,346 | $37,308,932 |
Winsor School Inc Boston, MA | $217,305,625 | $31,356,069 |
Charter School For Applied Technologies Buffalo, NY | $56,837,193 | $36,005,507 |
Friends Academy Locust Valley, NY | $106,966,643 | $33,637,084 |
Fessenden School West Newton, MA | $138,609,682 | $33,180,214 |