St Lukes Foundation Inc
- Assets
- $131.5m
- Revenue
- $33.9m
- Investments
- $0.0
- Employees
- 200
- Location
- New Canaan, CT
- Founding
- 01/1971
- Data as of
- 06/2021
- EIN
- 23-7099149
Organization Overview
St Lukes Foundation Inc is located in New Canaan, CT. The organization was established in 1971. 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, St Lukes Foundation Inc employed 200 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. St Lukes Foundation 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, St Lukes Foundation Inc generated $33.9m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.1% each year. All expenses for the organization totaled $31.1m during the year ending 06/2021. While expenses have increased by 4.8% 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
AN EXCEPTIONAL EDUCATION THAT INSPIRES A DEEP LOVE OF LEARNING, A STRONG MORAL COMPASS, THE COMMITMENT TO SERVE, AND THE CONFIDENCE TO LEAD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ACADEMIC PROGRAM - FROM THE BOLD-LETTERED "ENTER TO LEARN, GO FORTH TO SERVE" MOTTO THAT EVERY STUDENT SEES AS THE DAY BEGINS, TO THE RICH LEARNING OPPORTUNITIES IN AND OUT OF THE CLASSROOM, THE ST. LUKE'S COMMUNITY INSPIRES STUDENTS TO REACH BEYOND THEMSELVES AS EMERGING LEADERS IN ACADEMICS, ATHLETICS, SERVICE AND THE ARTS.THE SCHOOL'S DYNAMIC CURRICULUM AND CARING FACULTY CREATE A COMMUNITY WHERE ACADEMIC RIGOR IS BALANCED WITH A THOUGHTFUL SUPPORT THAT HAS THE SUCCESS OF EACH STUDENT IN MIND. TEACHERS ENCOURAGE STUDENTS TO CHALLENGE THEMSELVES THROUGH COLLABORATIVE, EXPERIENCE-BASED LEARNING. FROM THE MIDDLE SCHOOL'S CHALLENGE 20/20, IN WHICH ST. LUKE'S IS PAIRED WITH AN INTERNATIONAL SCHOOL TO TACKLE A GLOBAL ISSUE, TO THE GLOBAL SCHOLARS HONORS DISTINCTION IN THE UPPER SCHOOL, STUDENTS APPLY CRITICAL THINKING, ANALYSIS AND CREATIVE PROBLEM-SOLVING TO REAL-WORLD EXAMPLES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Davis Head Of School | Officer | 40 | $720,333 |
Julia A Gabriele Asst. Head Of School & CFO | Officer | 40 | $333,065 |
James Foley Asst. Hos For Leadership & | Officer | 40 | $196,570 |
Elizabeth Perry Head Of Upper School | 40 | $194,951 | |
Virginia Bachman Dir Of Admissions & Fin Aid | 40 | $163,046 | |
Sonia Bell Dir Of College Counseling | 40 | $161,255 |
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 | $5,099,975 |
| Noncash contributions included in lines 1a–1f | $1,404,462 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,099,975 |
| Total Program Service Revenue | $27,391,816 |
| Investment income | $970,455 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $436,530 |
| Net Income from Fundraising Events | $49,076 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $33,947,852 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $3,044,803 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,817,690 |
| Compensation of current officers, directors, key employees. | $563,827 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $11,820,724 |
| Pension plan accruals and contributions | $1,090,657 |
| Other employee benefits | $2,512,872 |
| Payroll taxes | $978,364 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $81,989 |
| Fees for services: Accounting | $132,797 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $21,625 |
| Fees for services: Other | $6,641 |
| Advertising and promotion | $246,542 |
| Office expenses | $146,470 |
| Information technology | $474,329 |
| Royalties | $0 |
| Occupancy | $367,350 |
| Travel | $421 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $154,858 |
| Interest | $329,744 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,325,665 |
| Insurance | $306,305 |
| All other expenses | $622,449 |
| Total functional expenses | $31,111,017 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $212,132 |
| Savings and temporary cash investments | $5,467,340 |
| Pledges and grants receivable | $658,578 |
| Accounts receivable, net | $20,000,974 |
| 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 | $467,662 |
| Net Land, buildings, and equipment | $52,235,220 |
| Investments—publicly traded securities | $52,375,278 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $78,326 |
| Total assets | $131,495,510 |
| Accounts payable and accrued expenses | $308,363 |
| Grants payable | $0 |
| Deferred revenue | $24,417,818 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $14,284 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $9,869,923 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,655,861 |
| Total liabilities | $36,266,249 |
| Net assets without donor restrictions | $63,692,226 |
| Net assets with donor restrictions | $31,537,035 |
| 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 | $131,495,510 |
Grants Recieved
Over the last fiscal year, we have identified 18 grants that St Lukes Foundation Inc has recieved totaling $729,982.
| Awarding Organization | Amount |
|---|---|
Morgan Stanley Global Impact Funding Trust Inc Indianapolis, IN PURPOSE: UNRESTRICTED GENERAL SUPPORT | $210,000 |
American Endowment Foundation Hudson, OH PURPOSE: EDUCATIONAL | $130,000 |
Community Foundation For Southeast Michigan Detroit, MI PURPOSE: GENERAL OPERATIONS | $100,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $75,200 |
Goldman Sachs Charitable Gift Fund New York, NY PURPOSE: EDUCATIONAL PROGRAMS & OTHER STUDENT SVC | $50,000 |
Government Employees Health Association Inc Lees Summit, MO PURPOSE: FUND INNOVATIVE HEALTH CARE SOLUTIONS | $50,000 |
Endowment Analysis
| Beg. Balance | $34,429,307 |
| Earnings | $8,672,214 |
| Net Contributions | $2,725,311 |
| Other Expense | $1,158,356 |
| Grants | $238,350 |
| Ending Balance | $44,430,126 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Choate Rosemary Hall Foundation Incorporated Wallingford, CT | $824,930,363 | $80,573,016 |
Hotchkiss School Lakeville, CT | $832,226,197 | $135,336,667 |
Trustees Of Deerfield Academy Deerfield, MA | $1,009,854,595 | $87,019,997 |
Taft School Corporation Watertown, CT | $447,949,060 | $83,525,324 |
Northfield Mount Hermon School Mount Hermon, MA | $279,135,089 | $64,524,302 |
Loomis Institute Windsor, CT | $445,458,169 | $66,028,387 |
Noble And Greenough School Dedham, MA | $357,051,555 | $55,304,957 |
Groton School Groton, MA | $519,152,774 | $50,710,312 |
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 |