Waynflete School
- Assets
- $64.7m
- Revenue
- $23.0m
- Investments
- $5.7m
- Employees
- 283
- Location
- Portland, ME
- Founding
- 02/1943
- Data as of
- 06/2021
- 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 06/2021, Waynflete School employed 283 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 06/2021, Waynflete School generated $23.0m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.6% each year. All expenses for the organization totaled $22.3m during the year ending 06/2021. While expenses have increased by 2.6% 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
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 557 STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Wagg Geoff Head Of School | Officer | 50 | $323,207 |
Libby Lowell W Upper School Director | 50 | $123,244 | |
Breen Lynne M Finley Dean Of Admission | 50 | $115,573 | |
Muralidhara Divya Middle School Director | 50 | $109,503 | |
Scribner Hopkins Anne C Lower School Director | 50 | $104,245 | |
Thurston John College Counselor | 50 | $103,945 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Wright-ryan Construction Construction Services | 6/29/20 | $124,814 |
Custom Coach Of Portland Transportation Services | 6/29/20 | $177,249 |
Wright-ryan Construction Construction Services | 6/29/20 | $124,814 |
Custom Coach Of Portland Transportation Services | 6/29/20 | $177,249 |
Custom Coach Of Portland Transportation Services | 6/29/20 | $177,249 |
Wright-ryan Construction Construction Services | 6/29/20 | $124,814 |
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 | $1,778,372 |
| Noncash contributions included in lines 1a–1f | $62,409 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,778,372 |
| Total Program Service Revenue | $19,763,564 |
| Investment income | $676,903 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $2,666 |
| Net Gain/Loss on Asset Sales | $804,022 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $23,025,527 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $5,327,861 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $488,867 |
| Compensation of current officers, directors, key employees. | $456,043 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $9,234,420 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $2,377,112 |
| Payroll taxes | $641,253 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $26,001 |
| Fees for services: Accounting | $23,490 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $65,766 |
| Fees for services: Other | $27,173 |
| Advertising and promotion | $178,928 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $483,258 |
| Travel | $222,374 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $553,777 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $856,846 |
| Insurance | $102,733 |
| All other expenses | $11,504 |
| Total functional expenses | $22,328,511 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,157,621 |
| Savings and temporary cash investments | $3,068,078 |
| Pledges and grants receivable | $897,393 |
| Accounts receivable, net | $6,343 |
| 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 | $360,345 |
| Net Land, buildings, and equipment | $23,882,801 |
| Investments—publicly traded securities | $24,669,090 |
| Investments—other securities | $5,699,318 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,302 |
| Total assets | $64,743,291 |
| Accounts payable and accrued expenses | $1,958,201 |
| Grants payable | $0 |
| Deferred revenue | $3,350,395 |
| Tax-exempt bond liabilities | $17,794,585 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $1,525,575 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,772,843 |
| Total liabilities | $26,401,599 |
| Net assets without donor restrictions | $23,993,389 |
| Net assets with donor restrictions | $14,348,303 |
| 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 | $64,743,291 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Waynflete School has recieved totaling $500.
| Awarding Organization | Amount |
|---|---|
Jana Fund Portland, ME PURPOSE: EDUCATION | $500 |
Endowment Analysis
| Beg. Balance | $24,013,745 |
| Earnings | $7,118,549 |
| Admin Expense | $141,044 |
| Net Contributions | $652,012 |
| Other Expense | $587,199 |
| Grants | $525,321 |
| Ending Balance | $30,530,742 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Mount Prospect Academy Inc Plymouth, NH | $25,031,051 | $42,485,261 |
Berwick Academy Trustees South Berwick, ME | $57,917,930 | $28,954,341 |
Waynflete School Portland, ME | $64,743,291 | $23,025,527 |
Hebron Academy Incorporated Hebron, ME | $65,845,494 | $19,279,313 |
Portsmouth Christian Academy Dover, NH | $12,766,893 | $7,753,018 |
Southern Kennebec Child Development Corporation Farmingdale, ME | $2,781,085 | $5,060,719 |
Community Regional Charter School Skowhegan, ME | $5,610,166 | $5,039,649 |
Great Schools Partnership Inc Portland, ME | $2,885,040 | $4,696,809 |
Breakwater Learning Portland, ME | $5,120,298 | $3,833,883 |
Crossroads Academy Lyme, NH | $13,900,785 | $2,944,228 |
Maine Academy Of Natural Sciences Hinckley, ME | $1,958,998 | $3,873,648 |
Maine Arts Academy Sidney, ME | $822,323 | $3,238,498 |