Ridgefield Academy Inc
- Assets
- $37.8m
- Revenue
- $19.6m
- Investments
- $0.0
- Employees
- 228
- Location
- Ridgefield, CT
- Founding
- 08/1998
- Data as of
- 06/2023
- EIN
- 06-1492527
Organization Overview
Ridgefield Academy Inc is located in Ridgefield, CT. The organization was established in 1998. 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, Ridgefield Academy Inc employed 228 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ridgefield 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 06/2023, Ridgefield Academy Inc generated $19.6m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.4% each year. All expenses for the organization totaled $16.8m during the year ending 06/2023. While expenses have increased by 0.9% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE EDUCATIONAL AND OTHER STUDENT PROGRAMS TO CHILDREN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
INSTRUCTION AND AUXILIARY SERVICES OF APPROXIMATELY 602 PRE-SCHOOL AND ELEMENTARY SCHOOL AGED CHILDREN BY APPROXIMATELY 110 QUALIFIED INSTRUCTORS.
CONDUCTING SUMMER PROGRAMS
CONDUCTING AN AFTER SCHOOL PROGRAM FOR STUDENTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lynne Geaney Chair | OfficerTrustee | 4 | $0 |
Alison Davis Vice Chair | OfficerTrustee | 4 | $0 |
Stephanie Luedke Treasurer | OfficerTrustee | 4 | $0 |
Abigail Wattley Secretary | OfficerTrustee | 2 | $0 |
Alex Bellina Director | Trustee | 2 | $0 |
Tim Birch Director | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Good Deal Cleaning Service Llc Cleaning Services | 6/29/22 | $220,279 |
Jam Landscaping & Construction Llc Construction Contractor | 6/29/22 | $650,868 |
Me O'brien & Sons Inc Playground Equipment Contractor | 6/29/22 | $168,970 |
Recinos Corp Construction Contractor | 6/29/22 | $119,280 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $63,114 |
| Related organizations | $0 |
| Government grants | $1,982,830 |
| All other contributions, gifts, grants, and similar amounts not included above | $739,513 |
| Noncash contributions included in lines 1a–1f | $19,539 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,785,457 |
| Total Program Service Revenue | $16,609,910 |
| Investment income | $237,337 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $133,479 |
| Net Gain/Loss on Asset Sales | -$197,398 |
| Net Income from Fundraising Events | $73,430 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $19,642,215 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,553,496 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $906,825 |
| Compensation of current officers, directors, key employees. | $753,676 |
| Compensation of current officers, directors, key employees. | $288,691 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $7,231,404 |
| Pension plan accruals and contributions | $182,564 |
| Other employee benefits | $957,026 |
| Payroll taxes | $583,716 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $65,444 |
| Fees for services: Other | $0 |
| Advertising and promotion | $217,730 |
| Office expenses | $1,731,093 |
| Information technology | $256,734 |
| Royalties | $0 |
| Occupancy | $665,810 |
| Travel | $127,385 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $285,787 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,039,143 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $16,799,839 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $272,319 |
| Savings and temporary cash investments | $8,771,761 |
| Pledges and grants receivable | $1,985,935 |
| Accounts receivable, net | $4,510,962 |
| 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 | $103,267 |
| Net Land, buildings, and equipment | $11,083,281 |
| Investments—publicly traded securities | $9,968,814 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,137,964 |
| Total assets | $37,834,303 |
| Accounts payable and accrued expenses | $968,803 |
| Grants payable | $0 |
| Deferred revenue | $13,338,126 |
| Tax-exempt bond liabilities | $7,270,463 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $698,233 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,093,837 |
| Total liabilities | $23,369,462 |
| Net assets without donor restrictions | $12,143,930 |
| Net assets with donor restrictions | $2,320,911 |
| 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 | $37,834,303 |