Independent Day School Incorporated
- Assets
- $6.4m
- Revenue
- $4.5m
- Investments
- $0.0
- Employees
- 65
- Location
- Middlefield, CT
- Founding
- 11/1962
- Data as of
- 06/2022
- EIN
- 06-6012653
Organization Overview
Independent Day School Incorporated is located in Middlefield, CT. The organization was established in 1962. According to its NTEE Classification (B24) the organization is classified as: Primary & Elementary Schools, under the broad grouping of Education and related organizations. As of 06/2022, Independent Day School Incorporated employed 65 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Independent Day School Incorporated 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 06/2022, Independent Day School Incorporated generated $4.5m in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of (0.3%) each year. All expenses for the organization totaled $4.8m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (0.2%) per year over the past 5 years. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
BY KNOWING STUDENTS DEEPLY BOTH AS INDIVIDUALS AND LEARNERS, IDS INSPIRES A COMMUNITY OF INDEPENDENT THINKERS WHO ARE RESILIENT AND CONFIDENT TO TAKE RISKS AS THEY CONNECT WITH OTHERS IN THE JOYFUL PURSUIT OF LEARNING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ELEMENTARY EDUCATION - THE INDEPENDENT DAY SCHOOL WAS FOUNDED IN 1961. IT IS LOCATED ON 33 ACRES NEXT TO THE LAUREL BROOK RESERVOIR IN MIDDLEFIELD, CT. THE SCHOOL IS A COEDUCATIONAL NON-SECTARIAN ELEMENTARY SCHOOL OF APPROXIMATELY 130 BOYS AND GIRLS FROM AGE THREE THROUGH GRADE EIGHT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marijke Kehrhahn Head Of School | Officer | 40 | $161,847 |
Maggie Dolan Dir. Of Finance And Ops | Officer | 40 | $100,934 |
Laura K Jalinskas Dir. Of Advancement And Enrollment | 40 | $105,378 | |
Lauren Borghard Trustee | Trustee | 2 | $0 |
Karen Culton Trustee | Trustee | 2 | $0 |
Michael Kalinowski Trustee | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $18,200 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $208,712 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $226,912 |
| Total Program Service Revenue | $4,238,749 |
| Investment income | $26,263 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $26,725 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,530,813 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,580,571 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $331,945 |
| Compensation of current officers, directors, key employees. | $131,124 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,600,256 |
| Pension plan accruals and contributions | $59,200 |
| Other employee benefits | $287,314 |
| Payroll taxes | $129,943 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $6,586 |
| Fees for services: Accounting | $28,018 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $119,724 |
| Advertising and promotion | $13,275 |
| Office expenses | $35,412 |
| Information technology | $30,823 |
| Royalties | $0 |
| Occupancy | $76,572 |
| Travel | $1,232 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $38,397 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $200,658 |
| Insurance | $74,958 |
| All other expenses | $0 |
| Total functional expenses | $4,807,751 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $81,319 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,776,503 |
| 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 | $85,083 |
| Net Land, buildings, and equipment | $3,254,495 |
| Investments—publicly traded securities | $1,205,080 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $6,402,480 |
| Accounts payable and accrued expenses | $418,030 |
| Grants payable | $0 |
| Deferred revenue | $2,358,357 |
| 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 | $885,567 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $250,000 |
| Total liabilities | $3,911,954 |
| Net assets without donor restrictions | $1,499,289 |
| Net assets with donor restrictions | $991,237 |
| 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 | $6,402,480 |