Greens Farms Academy Inc
- Assets
- $154.6m
- Revenue
- $42.1m
- Investments
- $17.3m
- Employees
- 355
- Location
- Greens Farms, CT
- Founding
- 07/1959
- Data as of
- 06/2021
- EIN
- 06-0733693
Organization Overview
Greens Farms Academy Inc is located in Greens Farms, CT. The organization was established in 1959. 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 06/2021, Greens Farms Academy Inc employed 355 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Greens Farms Academy 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, Greens Farms Academy Inc generated $42.1m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.5% each year. All expenses for the organization totaled $39.2m during the year ending 06/2021. While expenses have increased by 4.3% 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
GFA ENGAGES STUDENTS AS PARTNERS IN AN INNOVATIVE, INCLUSIVE, AND GLOBALLY MINDED COMMUNITY TO PREPARE THEM FOR A LIFE OF PURPOSE.
Describe the Organization's Program Activity:
AT GFA, WE BELIEVE A PREK-12 EDUCATION CAN BE JOYFUL. WE INVITE OUR STUDENTS TO THINK BIG, QUESTION OFTEN AND STAY GROUNDED IN OUR CORE VALUES OF PASSION, INTEGRITY, EMPATHY, CURIOSITY, AND EXCELLENCE. STUDENTS ARE AT THE CENTER OF EVERYTHING, AS KNOWN AND ENGAGED PARTNERS IN THEIR OWN LEARNING. THEY TAKE PRIDE IN THEIR ACHIEVEMENTS, DEFINE WHAT EXCELLENCE MEANS FOR THEM, AND THEN RISE TO MEET IT. INNOVATION IS NOT A BUZZWORD AT GFA. HERE, THOUGHTFUL PROGRESS TRAVELS ALONGSIDE A LEGACY OF ACADEMIC STRENGTH. GFA PROUDLY HELPS SHAPE MEN AND WOMEN OF CHARACTER WHO WILL LEAVE THEIR MARK ON THE BROADER GLOBAL COMMUNITY.
HORIZONS AT GFA - HORIZONS AT GFA HELPS UNDERSERVED BRIDGEPORT STUDENTS IN PRE-KINDERGARTEN THROUGH 12TH GRADE IMPROVE THEIR EDUCATIONAL OUTCOMES BY PROVIDING ACADEMIC INSTRUCTION, ENRICHMENT EXPERIENCES, MENTORING, AND EDUCATIONAL GUIDANCE IN A NURTURING COMMUNITY OF DEDICATED PROFESSIONALS.
SUMMER PROGRAMS - THE GFA SUMMER PROGRAM OFFERS INNOVATIVE ACADEMIC COURSES, SUMMER SPORTS FOR YOUNG ATHLETES AND A FUN-FILLED SUMMER CAMP.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Whelan Head Of School | Officer | 40 | $514,364 |
Jennifer Campbell Chief Finance & Operations | Officer | 40 | $307,436 |
Joseph Flynn Director Of Institutional Advancement | Officer | 40 | $269,647 |
Andrew Meyer Head Of The Middle School | Officer | 40 | $169,493 |
Ann Miller Admission Director | Officer | 40 | $161,757 |
Andrew Jones Head Of The Upper School | Officer | 40 | $158,372 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
B&b Transportation Inc Student Transportation | 6/29/21 | $128,830 |
Roger Ferris Partners Llc Architectual Services | 6/29/21 | $241,447 |
Flik Independent Schools Food Service | 6/29/21 | $722,683 |
A P Construction Construction | 6/29/21 | $337,241 |
Fieldturf Usa Inc Artificial Turf Installation | 6/29/21 | $162,201 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $340,145 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,513,285 |
| Noncash contributions included in lines 1a–1f | $114,091 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,853,430 |
| Total Program Service Revenue | $34,447,804 |
| Investment income | $1,186,210 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $99,073 |
| Net Gain/Loss on Asset Sales | $958,049 |
| Net Income from Fundraising Events | $330,257 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $42,085,410 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $6,341 |
| Grants and other assistance to domestic individuals. | $4,877,581 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $2,322,391 |
| Compensation of current officers, directors, key employees. | $541,480 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $16,254,079 |
| Pension plan accruals and contributions | $1,162,895 |
| Other employee benefits | $3,647,142 |
| Payroll taxes | $1,187,679 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $113,817 |
| Fees for services: Accounting | $55,965 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $132,673 |
| Fees for services: Other | $447,246 |
| Advertising and promotion | $265,939 |
| Office expenses | $82,581 |
| Information technology | $416,074 |
| Royalties | $0 |
| Occupancy | $1,939,666 |
| Travel | $190,553 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $49,346 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,421,614 |
| Insurance | $138,565 |
| All other expenses | $178,201 |
| Total functional expenses | $39,181,355 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $73 |
| Savings and temporary cash investments | $25,250,167 |
| Pledges and grants receivable | $524,434 |
| Accounts receivable, net | $2,521,939 |
| 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 | $200,599 |
| Net Land, buildings, and equipment | $69,966,246 |
| Investments—publicly traded securities | $38,820,587 |
| Investments—other securities | $17,324,723 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $154,608,768 |
| Accounts payable and accrued expenses | $3,897,185 |
| Grants payable | $0 |
| Deferred revenue | $14,923,640 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $18,820,825 |
| Net assets without donor restrictions | $125,568,786 |
| Net assets with donor restrictions | $10,219,157 |
| 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 | $154,608,768 |
Grants Recieved
Over the last fiscal year, we have identified 28 grants that Greens Farms Academy Inc has recieved totaling $609,522.
| Awarding Organization | Amount |
|---|---|
American Endowment Foundation Hudson, OH PURPOSE: EDUCATIONAL | $140,000 |
Horizons Bridgeport Bridgeport, CT PURPOSE: SUPPORT FOR SUMMER LEARNING AND ENRICHMENT PROGRAM | $105,000 |
Fairfield Countys Community Foundation Inc Norwalk, CT PURPOSE: FOR GENERAL SUPPORT. | $54,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $49,950 |
Fairfield Countys Community Foundation Inc Norwalk, CT PURPOSE: FOR GENERAL SUPPORT. | $31,000 |
American Endowment Foundation Hudson, OH PURPOSE: EDUCATIONAL | $28,000 |
Endowment Analysis
| Beg. Balance | $40,093,328 |
| Earnings | $11,675,514 |
| Net Contributions | $129,518 |
| Other Expense | $1,591,889 |
| Grants | $189,473 |
| Ending Balance | $50,116,998 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Horace Mann School Bronx, NY | $475,824,158 | $137,244,948 |
Ethical Culture Fieldston School New York, NY | $252,651,487 | $107,394,843 |
Dalton Schools Inc New York, NY | $268,184,018 | $87,154,384 |
Milton Academy Milton, MA | $512,730,465 | $105,004,685 |
Riverdale Country School Inc Bronx, NY | $247,467,239 | $82,826,277 |
Trinity Episcopal Schools Corporation New York, NY | $265,614,292 | $76,873,691 |
United Nations International School New York, NY | $95,948,249 | $80,239,931 |
Columbia Grammar & Preparatory School New York, NY | $126,207,367 | $82,489,526 |
Poly Prep Country Day School Brooklyn, NY | $174,200,532 | $76,376,518 |
Saint Anns School Brooklyn, NY | $162,069,731 | $73,475,158 |
Spence School New York, NY | $416,454,517 | $72,977,566 |
Brunswick School Inc Greenwich, CT | $416,319,503 | $63,510,846 |