Choate Rosemary Hall Foundation Incorporated

Organization Overview

Choate Rosemary Hall Foundation Incorporated, operating under the name Choate Rosemary Hall, is located in Wallingford, CT. The organization was established in 1975. 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, Choate Rosemary Hall employed 545 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Choate Rosemary Hall 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, Choate Rosemary Hall generated $80.6m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (0.5%) each year. All expenses for the organization totaled $83.8m during the year ending 06/2021. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990T Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO PROVIDE A QUALITY SECONDARY INDEPENDENT SCHOOL EDUCATION TO APPROXIMATELY 850 STUDENTS PER YEAR.

Describe the Organization's Program Activity:

THE SCHOOL EDUCATES (ACADEMICALLY, RESIDENTIALLY AND ATHLETICALLY) APPROXIMATELY 850 STUDENTS, GENERATING OVER $35 MILLION OF NET TUITION AND FEES, THROUGH THE EFFORTS OF DEDICATED FACULTY AND STAFF.


THE SCHOOL MAINTAINS ABOUT 1.4 MILLION SQUARE FEET OF RESIDENTIAL, ACADEMIC AND ATHLETIC SPACE FOR A COMMUNITY OF OVER 1,000 MEMBERS. THE MAJORITY OF THIS EXPENSE REFLECTS THE DEPRECIATION ON THE SCHOOL PROPERTY, PLANT AND EQUIPMENT, WHICH HAS A CURRENT ACCOUNTING VALUE OF $184.7 MILLION.


THE SCHOOL DISCOUNTS TUITION IN THE FORM OF FINANCIAL AID AT AN APPROXIMATE RATE OF 25% IN AN EFFORT TO RECRUIT AND RETAIN THE MOST TALENTED STUDENT BODY. THE SCHOOL RECOGNIZES THAT A DIVERSE STUDENT BODY BETTERS THE OVERALL EXPERIENCE FOR ALL INVOLVED, AND THAT WHILE NOT EVERYONE CAN CONTRIBUTE FINANCIALLY IN TERMS OF TUITION, EVERYONE HAS SOMETHING TO OFFER THE CHOATE ROSEMARY HALL COMMUNITY.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Turner Construction Co
Construction
$6,244,849
Shawmut Design & Construction
Construction
$1,939,485
Abm Janitorial Services
Campus Janitorial Services
$1,866,215
Bowie Gridley Architects
Architectural Design
$1,693,500
Sage Dining Services Inc
Food Service
$1,407,101
View All Vendors

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$20,231,121
Noncash contributions included in lines 1a–1f $3,791,294
Total Revenue from Contributions, Gifts, Grants & Similar$20,231,121
Total Program Service Revenue$52,527,940
Investment income $2,965,090
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $4,851,397
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory -$4,175
Miscellaneous Revenue$0
Total Revenue $80,573,016

Grants Recieved

Over the last fiscal year, we have identified 50 grants that Choate Rosemary Hall Foundation Incorporated has recieved totaling $3,339,377.

Awarding OrganizationAmount
Morgan Stanley Global Impact Funding Trust Inc

Indianapolis, IN

PURPOSE: UNRESTRICTED GENERAL SUPPORT

$1,017,500
Schwab Charitable Fund

San Francisco, CA

PURPOSE: EDUCATION

$622,117
Kohler Trust For Preservation

Kohler, WI

PURPOSE: CHOATE ROSEMARY HALL

$300,000
Silicon Valley Community Foundation

Mountain View, CA

PURPOSE: Education

$251,000
Kohler Trust For The Arts And Education

Kohler, WI

PURPOSE: ENDOWMENT FOR KOHLER ENVIRONMENTAL CENTER

$250,000
Goldman Sachs Charitable Gift Fund

New York, NY

PURPOSE: SCHOLARSHIPS & FINANCIAL AID

$170,200
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$396,252,198
Earnings$124,127,247
Admin Expense$3,385,246
Net Contributions$10,456,833
Other Expense$12,630,465
Grants$6,159,519
Ending Balance$508,661,048

Peer Organizations

Organization NameAssets
Trustees Of Phillips Academy
Andover, MA
$191,095,685
Choate Rosemary Hall Foundation Incorporated
Wallingford, CT
$80,573,016
Hotchkiss School
Lakeville, CT
$135,336,667
Trustees Of Deerfield Academy
Deerfield, MA
$87,019,997
Taft School Corporation
Watertown, CT
$83,525,324
Northfield Mount Hermon School
Mount Hermon, MA
$64,524,302
Loomis Institute
Windsor, CT
$66,028,387
Noble And Greenough School
Dedham, MA
$55,304,957
Groton School
Groton, MA
$50,710,312
Kent School Corporation
Kent, CT
$52,388,614
Hopkins School Incorporated
New Haven, CT
$44,795,541
Middlesex School
Concord, MA
$51,739,388

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