Avon Old Farms School Inc
- Assets
- $152.5m
- Revenue
- $37.2m
- Investments
- $0.0
- Employees
- 206
- Location
- Avon, CT
- Founding
- 05/1958
- Data as of
- 06/2021
- EIN
- 06-0655480
Organization Overview
Avon Old Farms School Inc is located in Avon, CT. The organization was established in 1958. 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, Avon Old Farms School Inc employed 206 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Avon Old Farms 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, Avon Old Farms School Inc generated $37.2m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.9% each year. All expenses for the organization totaled $29.6m during the year ending 06/2021. While expenses have increased by 0.6% 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
TO BE THE BEST SCHOOL FOR BOYS BY CULTIVATING YOUNG MEN OF INTEGRITY AND BY PROVIDING A STRUCTURED, SUPPORTIVE, LEARNING ENVIRONMENT THAT ENCOURAGES SELF-DISCOVERY AND SOCIAL RESPONSIBILITY.
Describe the Organization's Program Activity:
INDEPENDENT SECONDARY SCHOOL WITH 299 BOARDING STUDENTS AND 100 DAY STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Detora Head Of School | Officer | 50 | $311,769 |
Robert A Orenstein CFO | Officer | 50 | $255,826 |
Robert Dully Director Of Communications | 50 | $136,000 | |
Chris Webb Director Of Advancement | 50 | $135,530 | |
Robert Dowling Provost | 50 | $134,672 | |
John Gardner Associate Headmaster | 50 | $126,141 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Compass Group Usa Food Preparation | 6/29/21 | $1,238,323 |
Stanley Weisen Inc Window Replacement | 6/29/21 | $418,241 |
Talcott View Development Inc Construction Projects | 6/29/21 | $351,504 |
Omni Environmental Llc Construction Projects | 6/29/21 | $196,500 |
E & R Laundry Campus Laundry Service | 6/29/21 | $181,353 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,665,833 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,202,090 |
| Noncash contributions included in lines 1a–1f | $457,670 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,867,923 |
| Total Program Service Revenue | $25,059,557 |
| Investment income | $1,307,272 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $72,372 |
| Net Gain/Loss on Asset Sales | $2,318,052 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $91,239 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $37,222,523 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $4,878,129 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $729,185 |
| Compensation of current officers, directors, key employees. | $414,215 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $9,514,601 |
| Pension plan accruals and contributions | $1,208,018 |
| Other employee benefits | $2,419,902 |
| Payroll taxes | $784,172 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $52,611 |
| Fees for services: Accounting | $40,580 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $146,014 |
| Fees for services: Other | $552,744 |
| Advertising and promotion | $22,203 |
| Office expenses | $342,335 |
| Information technology | $426,413 |
| Royalties | $0 |
| Occupancy | $1,845,167 |
| Travel | $189,983 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $853,101 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,483,012 |
| Insurance | $0 |
| All other expenses | $211,336 |
| Total functional expenses | $29,574,255 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,323,110 |
| Savings and temporary cash investments | $10,601,071 |
| Pledges and grants receivable | $7,086,008 |
| Accounts receivable, net | $2,107,525 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $77,693 |
| Prepaid expenses and deferred charges | $108,256 |
| Net Land, buildings, and equipment | $61,622,007 |
| Investments—publicly traded securities | $69,209,095 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $357,738 |
| Total assets | $152,492,503 |
| Accounts payable and accrued expenses | $826,551 |
| Grants payable | $0 |
| Deferred revenue | $9,700,268 |
| Tax-exempt bond liabilities | $21,834,670 |
| 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 | $2,964,647 |
| Total liabilities | $35,326,136 |
| Net assets without donor restrictions | $87,177,539 |
| Net assets with donor restrictions | $29,988,828 |
| 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 | $152,492,503 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Avon Old Farms School Inc has recieved totaling $2,000.
| Awarding Organization | Amount |
|---|---|
Gaynor Family Foundation Cincinnati, OH PURPOSE: GENERAL | $2,000 |
Endowment Analysis
| Beg. Balance | $57,072,964 |
| Earnings | $17,390,523 |
| Net Contributions | $2,504,155 |
| Other Expense | $2,033,822 |
| Grants | $755,644 |
| Ending Balance | $74,178,176 |
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 |