Kimball Union Academy
- Assets
- $123.8m
- Revenue
- $26.6m
- Investments
- $0.0
- Employees
- 192
- Location
- Meriden, NH
- Founding
- 03/1943
- Data as of
- 06/2021
- 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 06/2022, Kimball Union Academy employed 192 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 06/2021, Kimball Union Academy generated $26.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.5% each year. All expenses for the organization totaled $24.3m during the year ending 06/2021. While expenses have increased by 1.7% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
SECONDARY EDUCATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
PRIVATE HIGH SCHOOL THAT SERVES 258 BOARDING STUDENTS AND 87 DAY STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tyler Lewis Head Of School | Officer | 40 | $424,316 |
Sherwood Haskins Senior Philanthropic Advisor | 40 | $180,214 | |
Robert Blake CFO | Officer | 40 | $172,568 |
Hunter Ulf Chief Operating Officer | 40 | $150,521 | |
David Weidman Assistant Head Of School | 40 | $119,052 | |
Christopher Burns Chair Of The Board | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Sage Dining Services Dining Services | 6/29/22 | $1,312,973 |
Windows And Doors By Brownell Co Canmar Window Installation/replacement | 6/29/22 | $339,720 |
Express Cleaning Llc Cleaning | 6/29/22 | $276,516 |
Maks Trucking And Excavation Llc Construction | 6/29/22 | $153,643 |
Sentinel Alarm Systems Construction | 6/29/22 | $105,624 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,843,176 |
| Investment income | $1,280,739 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $23,280 |
| Net Gain/Loss on Asset Sales | $571,840 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$18,901 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $26,647,402 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $5,713,860 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $718,598 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $7,247,158 |
| Pension plan accruals and contributions | $607,232 |
| Other employee benefits | $948,769 |
| Payroll taxes | $548,629 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $57,260 |
| Fees for services: Accounting | $72,055 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $105,417 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,117,501 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $466,699 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,502,642 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $24,291,984 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9,419,324 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $1,476,338 |
| Accounts receivable, net | $8,722,546 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $189,027 |
| Prepaid expenses and deferred charges | $567,074 |
| Investments—publicly traded securities | $64,421,954 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,624,894 |
| Total assets | $123,763,402 |
| Accounts payable and accrued expenses | $992,244 |
| Grants payable | $0 |
| Deferred revenue | $14,711,051 |
| Tax-exempt bond liabilities | $12,948,656 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $274,800 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $3,036,209 |
| Total liabilities | $31,962,960 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $91,800,442 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Kimball Union Academy has recieved totaling $15,359.
| Awarding Organization | Amount |
|---|---|
John D Bryant Tr Uw Nec Winifred I Li John Wallace & W Boston, MA PURPOSE: BRYANT HALL DORMITORY REPAIR FUND | $12,859 |
Judith B Phelan And Richard S Phelan Fam Foundation Inc Germantown, NY PURPOSE: GENERAL PURPOSE | $2,500 |
Endowment Analysis
| Beg. Balance | $63,965,145 |
| Earnings | -$5,739,519 |
| Net Contributions | $1,571,056 |
| Other Expense | $1,433,000 |
| Ending Balance | $58,363,682 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Middlesex School Concord, MA | $485,283,896 | $51,739,388 |
Trustees Of Thayer Academy Braintree, MA | $161,523,903 | $74,068,471 |
Tabor Academy Marion, MA | $131,644,395 | $42,865,044 |
Berkshire School Inc Sheffield, MA | $360,181,943 | $53,167,690 |
St Marks School Of Southborough Inc Southborough, MA | $256,704,983 | $26,796,658 |
Beaver Country Day School Inc Chestnut Hill, MA | $85,211,798 | $37,690,859 |
Williston Northampton School Easthampton, MA | $100,619,158 | $41,610,730 |
Rivers School Corporation Weston, MA | $120,748,390 | $42,089,621 |
Concord Academy Concord, MA | $166,818,681 | $40,612,899 |
Brooks School North Andover, MA | $203,514,753 | $35,395,118 |
Dana Hall Schools Wellesley, MA | $147,617,920 | $46,296,762 |
Governor Dummer Academy Byfield, MA | $151,667,410 | $30,492,232 |