Waynflete School
- Assets
- $63.3m
- Revenue
- $25.5m
- Investments
- $7.4m
- Employees
- 325
- Location
- Portland, ME
- Founding
- 02/1943
- Data as of
- 06/2022
- EIN
- 01-0211565
Organization Overview
Waynflete School is located in Portland, ME. The organization was established in 1943. 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 06/2023, Waynflete School employed 325 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Waynflete School 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, Waynflete School generated $25.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.9% each year. All expenses for the organization totaled $21.7m during the year ending 06/2022. While expenses have increased by 1.8% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO OFFER LOWER, MIDDLE AND UPPER SCHOOL EDUCATION WHICH ENGAGES THE IMAGINATION AND INTELLECT OF ITS STUDENTS, GUIDES THEM TOWARDS SELF-GOVERNANCE AND SELF-KNOWLEDGE AND ENCOURAGES THEIR RESPONSIBLE AND CARING PARTICIPATION IN THE WORLD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PRIVATE EARLY CHILDHOOD, ELEMENTARY, MIDDLE AND SECONDARY EDUCATION UTILIZED BY APPROXIMATELY 580 STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Armstrong Katherine Trustee | Trustee | 2 | $0 |
Aronson Krista Trustee | Trustee | 2 | $0 |
Canning Maria Trustee | Trustee | 2 | $0 |
Cohen Brandon Trustee | Trustee | 2 | $0 |
Devine Ben Trustee | Trustee | 2 | $0 |
Dufauchard Nicole Trustee | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Seabreeze Property Services Inc Plowing & Construction | 6/29/23 | $410,295 |
Shaw Brothers Construction Inc Construction | 6/29/23 | $319,828 |
Keeley Construction Company Inc Construction | 6/29/23 | $252,000 |
Aqueduct Technologies Inc Network Services | 6/29/23 | $156,636 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,544,592 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,747,657 |
| Noncash contributions included in lines 1a–1f | $25,987 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,292,249 |
| Total Program Service Revenue | $20,614,024 |
| Investment income | $1,184,813 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$22,213 |
| Net Gain/Loss on Asset Sales | $385,478 |
| Net Income from Fundraising Events | $5,007 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $25,459,358 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $5,203,618 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $465,149 |
| Compensation of current officers, directors, key employees. | $435,226 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $9,180,338 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $2,250,580 |
| Payroll taxes | $671,695 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $51,828 |
| Fees for services: Accounting | $27,809 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $73,624 |
| Fees for services: Other | $41,532 |
| Advertising and promotion | $231,828 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $269,688 |
| Travel | $80,709 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $544,615 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $909,071 |
| Insurance | $115,236 |
| All other expenses | $5,536 |
| Total functional expenses | $21,723,378 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,384,513 |
| Savings and temporary cash investments | $2,381,278 |
| Pledges and grants receivable | $709,256 |
| Accounts receivable, net | $3,956 |
| 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 | $321,843 |
| Net Land, buildings, and equipment | $24,601,686 |
| Investments—publicly traded securities | $19,472,529 |
| Investments—other securities | $7,448,436 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,433 |
| Total assets | $63,324,930 |
| Accounts payable and accrued expenses | $1,884,635 |
| Grants payable | $0 |
| Deferred revenue | $3,963,106 |
| Tax-exempt bond liabilities | $17,327,364 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $797,349 |
| Total liabilities | $23,972,454 |
| Net assets without donor restrictions | $26,644,127 |
| Net assets with donor restrictions | $12,708,349 |
| 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 | $63,324,930 |