Avon Old Farms School Inc
- Assets
- $162.7m
- Revenue
- $38.1m
- Investments
- $0.0
- Employees
- 233
- Location
- Avon, CT
- Founding
- 05/1958
- Data as of
- 06/2023
- 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 06/2023, Avon Old Farms School Inc employed 233 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 06/2023, Avon Old Farms School Inc generated $38.1m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.8% each year. All expenses for the organization totaled $34.1m during the year ending 06/2023. While expenses have increased by 2.3% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
AVON OLD FARMS DEVELOPS BOYS INTO MEN OF STRONG MORAL CHARACTER WITH CONVICTION WHO LEARN TOGETHER IN AN INCLUSIVE, TIME-HONORED COMMUNITY DEFINED BY ACADEMIC, ATHLETIC, AND CREATIVE EXCELLENCE.
Describe the Organization's Program Activity:
INDEPENDENT SECONDARY SCHOOL WITH 295 BOARDING STUDENTS AND 102 DAY STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Glenn Sieber Chairman | OfficerTrustee | 1 | $0 |
Dean C Graham Co-Vice Chairman | OfficerTrustee | 1 | $0 |
William P Austin Vice Chairman / Treasurer | OfficerTrustee | 1 | $0 |
Christopher S Drew Secretary | OfficerTrustee | 1 | $0 |
Alejandro Laplana Director | Trustee | 0.5 | $0 |
Brian Conroy Director | Trustee | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Bartlett Brainard And Eacott Construction | 6/29/23 | $1,967,519 |
Stanley Weisen Inc Construction | 6/29/23 | $434,786 |
Alden Bailey Construction | 6/29/23 | $1,658,161 |
Talcott View Development Construction/snow Removal | 6/29/23 | $390,168 |
Cape Island Tennis And Track Construction | 6/29/23 | $1,078,247 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $9,302 |
| Related organizations | $0 |
| Government grants | $341,751 |
| All other contributions, gifts, grants, and similar amounts not included above | $6,770,608 |
| Noncash contributions included in lines 1a–1f | $499,217 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,121,661 |
| Total Program Service Revenue | $27,770,116 |
| Investment income | $2,197,027 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $62,772 |
| Net Gain/Loss on Asset Sales | $94,943 |
| Net Income from Fundraising Events | $40,843 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $164,248 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $38,106,201 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $5,824,383 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $876,408 |
| Compensation of current officers, directors, key employees. | $194,907 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $10,999,692 |
| Pension plan accruals and contributions | $1,268,343 |
| Other employee benefits | $2,429,953 |
| Payroll taxes | $862,696 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $12,599 |
| Fees for services: Accounting | $43,491 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $89,054 |
| Fees for services: Investment Management | $174,653 |
| Fees for services: Other | $611,830 |
| Advertising and promotion | $54,668 |
| Office expenses | $437,314 |
| Information technology | $462,358 |
| Royalties | $0 |
| Occupancy | $2,382,840 |
| Travel | $529,991 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $825,536 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,456,580 |
| Insurance | $0 |
| All other expenses | $557,865 |
| Total functional expenses | $34,056,672 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $18,656,565 |
| Pledges and grants receivable | $3,492,119 |
| Accounts receivable, net | $13,615 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $78,760 |
| Prepaid expenses and deferred charges | $895,863 |
| Net Land, buildings, and equipment | $68,591,498 |
| Investments—publicly traded securities | $70,370,031 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $590,200 |
| Total assets | $162,688,651 |
| Accounts payable and accrued expenses | $1,278,787 |
| Grants payable | $0 |
| Deferred revenue | $11,065,871 |
| Tax-exempt bond liabilities | $33,708,961 |
| 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 | $0 |
| Total liabilities | $46,053,619 |
| Net assets without donor restrictions | $90,548,045 |
| Net assets with donor restrictions | $26,086,987 |
| 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 | $162,688,651 |