Pennfield School Inc
- Assets
- $2.6m
- Revenue
- $2.9m
- Investments
- $0.0
- Employees
- 55
- Location
- Portsmouth, RI
- Founding
- 09/1971
- Data as of
- 06/2022
- EIN
- 23-7131751
Organization Overview
Pennfield School Inc is located in Portsmouth, RI. The organization was established in 1971. 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 06/2022, Pennfield School Inc employed 55 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Pennfield School 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 06/2022, Pennfield School Inc generated $2.9m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.3%) each year. All expenses for the organization totaled $2.9m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (3.8%) per year over the past 7 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
TO CREATE AN INCLUSIVE COMMUNITY OF DEDICATED LEARNERS, WHERE STUDENTS ARE GIVEN A FOUNDATION AND APPRECIATION FOR THE JOYFUL PURSUITS OF UNDERSTANDING, WHILE FOSTERING RESPECT FOR ONESELF AND OTHERS AS A WAY OF LIFE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PENNFIELD SCHOOL PROVIDES GENERAL EDUCATION AND RELATED ACTIVITIES TO PRIMARY AND ELEMENTARY SCHOOL CHILDREN.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert A Kelley Head Of Scho | Officer | 40 | $157,896 |
Patrick Haley Treasurer | OfficerTrustee | 1 | $0 |
Ann Tarsagian Secretary | OfficerTrustee | 1 | $0 |
Christopher Moe Treasurer | OfficerTrustee | 1 | $0 |
Theodore Karousos Chair | OfficerTrustee | 1 | $0 |
Marie Charles Vice Chair | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $21,181 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $274,845 |
| Noncash contributions included in lines 1a–1f | $5,128 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $296,026 |
| Total Program Service Revenue | $2,489,482 |
| Investment income | $18,912 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $22,191 |
| Net Gain/Loss on Asset Sales | $9,912 |
| Net Income from Fundraising Events | $18,055 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,854,578 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $272,340 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $195,071 |
| Compensation of current officers, directors, key employees. | $136,549 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,533,598 |
| Pension plan accruals and contributions | $10,374 |
| Other employee benefits | $114,217 |
| Payroll taxes | $121,083 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $5,480 |
| Fees for services: Accounting | $24,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $13,478 |
| Advertising and promotion | $14,060 |
| Office expenses | $111,109 |
| Information technology | $14,832 |
| Royalties | $0 |
| Occupancy | $174,156 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $4,200 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $18,705 |
| Insurance | $34,978 |
| All other expenses | $0 |
| Total functional expenses | $2,937,275 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $530,125 |
| Savings and temporary cash investments | $28,893 |
| Pledges and grants receivable | $84,663 |
| Accounts receivable, net | $35,554 |
| 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 | $5,660 |
| Net Land, buildings, and equipment | $57,533 |
| Investments—publicly traded securities | $373,660 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,529,059 |
| Total assets | $2,645,147 |
| Accounts payable and accrued expenses | $60,778 |
| Grants payable | $0 |
| Deferred revenue | $99,936 |
| 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 | $2,736 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $607,887 |
| Total liabilities | $771,337 |
| Net assets without donor restrictions | $1,488,664 |
| Net assets with donor restrictions | $385,146 |
| 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 | $2,645,147 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Pennfield School Inc has recieved totaling $31,614.
| Awarding Organization | Amount |
|---|---|
The Rhode Island Community Foundation Providence, RI PURPOSE: GENERAL OPERATING | $12,913 |
Mile High United Way Inc Denver, CO PURPOSE: DONOR ADVISED FUND | $10,000 |
United Way Of Rhode Island Inc Providence, RI PURPOSE: DESIGNATED DONATION/GRANT | $5,300 |
Hawks Family Foundation Denver, CO PURPOSE: CHARITABLE | $1,500 |
Feinstein Family Fund Cranston, RI PURPOSE: FURTHER FOUNDATION PURPOSE | $1,500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $401 |
Endowment Analysis
| Beg. Balance | $775,660 |
| Earnings | -$71,118 |
| Net Contributions | $5,128 |
| Other Expense | -$12,963 |
| Ending Balance | $696,707 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Cambridge School Of Weston Inc Weston, MA | $57,046,494 | $20,616,161 |
Lincoln School Providence, RI | $36,052,997 | $18,197,199 |
Winchendon School Inc Winchendon, MA | $68,621,046 | $15,557,946 |
St Andrews School Barrington, RI | $60,735,668 | $19,789,044 |
Indian Mountain School Incorporated Lakeville, CT | $33,045,889 | $17,309,940 |
Wooster School Corporation Danbury, CT | $18,150,234 | $16,138,780 |
Derby Academy Trustees Hingham, MA | $40,362,447 | $16,149,654 |
Cotting School Inc Lexington, MA | $147,947,033 | $17,302,179 |
Whitney Academy Inc East Freetown, MA | $11,551,971 | $14,053,846 |
Renbrook School Incorporated West Hartford, CT | $44,373,501 | $14,836,915 |
Rocky Hill Country Day School East Greenwich, RI | $9,744,638 | $13,328,816 |
Times2 Inc Providence, RI | $26,856,103 | $11,916,845 |