Pennfield School Inc

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.

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.


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Board, Officers & Key Employees

Name (title)Compensation
Robert A Kelley
Head Of Scho
$157,896
Theodore Karousos
Chair
$0
Patrick Haley
Treasurer
$0
Marie Charles
Vice Chair
$0
Ann Tarsagian
Secretary
$0
Christopher Moe
Treasurer
$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

Grants Recieved

Over the last fiscal year, we have identified 6 grants that Pennfield School Inc has recieved totaling $31,614.

Awarding OrganizationAmount
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
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$775,660
Earnings-$71,118
Net Contributions$5,128
Other Expense-$12,963
Ending Balance$696,707

Peer Organizations

Organization NameAssets
Cambridge School Of Weston Inc
Weston, MA
$20,616,161
Lincoln School
Providence, RI
$18,197,199
Winchendon School Inc
Winchendon, MA
$15,557,946
St Andrews School
Barrington, RI
$19,789,044
Indian Mountain School Incorporated
Lakeville, CT
$17,309,940
Wooster School Corporation
Danbury, CT
$16,138,780
Derby Academy Trustees
Hingham, MA
$16,149,654
Cotting School Inc
Lexington, MA
$17,302,179
Whitney Academy Inc
East Freetown, MA
$14,053,846
Renbrook School Incorporated
West Hartford, CT
$14,836,915
Rocky Hill Country Day School
East Greenwich, RI
$13,328,816
Times2 Inc
Providence, RI
$11,916,845

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