Kimball Union Academy
- Assets
- $127.4m
- Revenue
- $28.0m
- Investments
- $0.0
- Employees
- 191
- Location
- Meriden, NH
- Founding
- 03/1943
- Data as of
- 06/2023
- EIN
- 02-0222147
Organization Overview
Kimball Union Academy is located in Meriden, NH. The organization was established in 1943. 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 06/2023, Kimball Union Academy employed 191 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kimball Union Academy 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 06/2023, Kimball Union Academy generated $28.0m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.0% each year. All expenses for the organization totaled $28.0m during the year ending 06/2023. While expenses have increased by 3.3% per year over the past 8 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
SECONDARY EDUCATION
Describe the Organization's Program Activity:
PRIVATE HIGH SCHOOL THAT SERVES 258 BOARDING STUDENTS AND 83 DAY STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Christopher Yoshida Trustee | Trustee | 1 | $0 |
Clyde Neville Trustee | Trustee | 1 | $0 |
David Allyn Trustee | Trustee | 1 | $0 |
Donald Lowery Trustee | Trustee | 1 | $0 |
Edward Hild Trustee | Trustee | 1 | $0 |
Glenn Pogust Secretary | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Sage Dining Services Dining Services | 6/29/23 | $1,574,333 |
Dew Construction Corp Construction | 6/29/23 | $716,104 |
Express Cleaning Llc Cleaning | 6/29/23 | $464,504 |
Maks Trucking And Excavation Llc Construction | 6/29/23 | $316,220 |
Alexander Concrete Llc Construction | 6/29/23 | $210,700 |
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 | $3,507,807 |
| Noncash contributions included in lines 1a–1f | $276,900 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,507,807 |
| Total Program Service Revenue | $23,297,255 |
| Investment income | $1,527,131 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $40,845 |
| Net Gain/Loss on Asset Sales | -$522,347 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$23,064 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $28,032,981 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $5,798,194 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $707,497 |
| Compensation of current officers, directors, key employees. | $353,748 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $8,087,168 |
| Pension plan accruals and contributions | $688,945 |
| Other employee benefits | $1,629,301 |
| Payroll taxes | $613,130 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $60,779 |
| Fees for services: Accounting | $88,917 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $65,997 |
| Fees for services: Other | $1,749,813 |
| Advertising and promotion | $59,674 |
| Office expenses | $1,387,748 |
| Information technology | $237,231 |
| Royalties | $1,695 |
| Occupancy | $1,371,799 |
| Travel | $157,319 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $501,164 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,567,205 |
| Insurance | $99,605 |
| All other expenses | $0 |
| Total functional expenses | $28,023,981 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,730,904 |
| Savings and temporary cash investments | $9,138,254 |
| Pledges and grants receivable | $533,601 |
| Accounts receivable, net | $9,557,103 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $190,205 |
| Prepaid expenses and deferred charges | $344,505 |
| Net Land, buildings, and equipment | $37,685,037 |
| Investments—publicly traded securities | $65,906,250 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,353,312 |
| Total assets | $127,439,171 |
| Accounts payable and accrued expenses | $1,789,741 |
| Grants payable | $0 |
| Deferred revenue | $15,625,407 |
| Tax-exempt bond liabilities | $12,257,637 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $322,092 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,005,609 |
| Total liabilities | $31,000,486 |
| Net assets without donor restrictions | $70,081,752 |
| Net assets with donor restrictions | $26,356,933 |
| 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 | $127,439,171 |