Woodstock Academy
- Assets
- $31.8m
- Revenue
- $20.0m
- Investments
- $0.0
- Employees
- 214
- Location
- Woodstock, CT
- Founding
- 12/1974
- Data as of
- 06/2021
- EIN
- 06-0704624
Organization Overview
Woodstock Academy is located in Woodstock, CT. The organization was established in 1974. 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, Woodstock Academy employed 214 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Woodstock Academy 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, Woodstock Academy generated $20.0m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.4% each year. All expenses for the organization totaled $18.5m during the year ending 06/2021. While expenses have increased by 0.4% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PREPARE ALL STUDENTS FOR A LIFETIME OF LEARNING FOSTERING BOTH A SENSE OF PRIDE IN SELF AND EFFECTIVE PARTICIPATION IN FAMILY, COMMUNITY AND THE WORLD THROUGH A DIVERSITY OF EDUCATIONAL EXPERIENCE
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE A HIGH SCHOOL ENUCATION FOR APPROXIMATELY 1,100 STUDENTS OF THE TOWNS OF WOODSTOCK, EASTFORD, PROMFRET, BROOKLYN, CANTERBURY, OTHER SENDING TOWNS, INTERNATIONAL AND PRIVATE FAMILIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Christopher Sandford Headmaster | Officer | 50 | $229,978 |
Jonathan Sturdevant Head School Advanc | 50 | $171,502 | |
Holly Singleton Principal | 50 | $167,102 | |
John Rigney Asst. Head Of Scho | 50 | $137,827 | |
Amy Favreau Vice Principal | 50 | $132,984 | |
Karin Hughes Dean Of Students | 50 | $127,401 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Venture Communications Equipment Upgrades | 6/29/21 | $100,360 |
Juster Pope Frazier Llc Contractor | 6/29/21 | $244,475 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $21,754 |
| Related organizations | $0 |
| Government grants | $567,973 |
| All other contributions, gifts, grants, and similar amounts not included above | $147,862 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $737,589 |
| Total Program Service Revenue | $19,057,426 |
| Investment income | $48,732 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$16,459 |
| Net Gain/Loss on Asset Sales | $94,849 |
| Net Income from Fundraising Events | -$899 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $11,240 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $19,974,211 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $235,311 |
| Compensation of current officers, directors, key employees. | $235,311 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $10,387,369 |
| Pension plan accruals and contributions | $69,883 |
| Other employee benefits | $1,800,924 |
| Payroll taxes | $322,275 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $145,494 |
| Fees for services: Accounting | $30,563 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $9,734 |
| Fees for services: Other | $214,113 |
| Advertising and promotion | $17,270 |
| Office expenses | $271,688 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,134,075 |
| Travel | $61,542 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $89,319 |
| Interest | $415,037 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,353,576 |
| Insurance | $289,803 |
| All other expenses | $0 |
| Total functional expenses | $18,457,721 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,345,393 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $90,732 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $28,700 |
| Prepaid expenses and deferred charges | $139,353 |
| Net Land, buildings, and equipment | $24,536,200 |
| Investments—publicly traded securities | $1,837,244 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $846,521 |
| Total assets | $31,824,143 |
| Accounts payable and accrued expenses | $929,308 |
| Grants payable | $0 |
| Deferred revenue | $1,979,314 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $458,766 |
| Secured mortgages and notes payable | $16,986,108 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $166,733 |
| Total liabilities | $20,520,229 |
| Net assets without donor restrictions | $11,303,914 |
| Net assets with donor restrictions | $0 |
| 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 | $31,824,143 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Woodstock Academy has recieved totaling $150,000.
| Awarding Organization | Amount |
|---|---|
Spirol International Charitable Foundation Inc Danielson, CT PURPOSE: INPIRE 150 CAPITAL RENOVATION ACADEMY BUILDING | $120,000 |
Spirol International Charitable Foundation Inc Danielson, CT PURPOSE: INSPIRE 150 CAPITAL RENOVATION | $30,000 |
Endowment Analysis
| Beg. Balance | $2,677,296 |
| Earnings | $185,233 |
| Net Contributions | $18,258 |
| Grants | $33,905 |
| Ending Balance | $2,846,882 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
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 |
Tabor Academy Marion, MA | $131,644,395 | $42,865,044 |
Berkshire School Inc Sheffield, MA | $360,181,943 | $53,167,690 |
Norwich Free Academy Norwich, CT | $43,430,200 | $37,532,143 |
St Marks School Of Southborough Inc Southborough, MA | $256,704,983 | $26,796,658 |
Beaver Country Day School Inc Chestnut Hill, MA | $85,211,798 | $37,690,859 |
Trustees Of Westminster School Inc Simsbury, CT | $266,021,202 | $46,508,932 |
Williston Northampton School Easthampton, MA | $100,619,158 | $41,610,730 |
St Georges School Newport, RI | $313,371,330 | $43,582,609 |