Cardigan Mountain School
- Assets
- $84.3m
- Revenue
- $28.6m
- Investments
- $0.0
- Employees
- 195
- Location
- Canaan, NH
- Founding
- 06/1946
- Data as of
- 06/2022
- EIN
- 02-0223580
Organization Overview
Cardigan Mountain School is located in Canaan, NH. The organization was established in 1946. According to its NTEE Classification (B24) the organization is classified as: Primary & Elementary Schools, under the broad grouping of Education and related organizations. As of 06/2022, Cardigan Mountain School employed 195 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cardigan Mountain 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, Cardigan Mountain School generated $28.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.7% each year. All expenses for the organization totaled $21.5m during the year ending 06/2022. While expenses have increased by 2.8% 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
EDUCATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
AN INDEPENDENT MIDDLE SCHOOL FOR BOYS IN GRADES SIX THROUGH NINE OFFERING A STRONG ACADEMIC AND ATHLETIC PROGRAM. THERE WERE 235 STUDENTS IN THIS PROGRAM DURING THE FISCAL YEAR.
A SUMMER SESSION FOR BOYS AND GIRLS IN GRADES THREE THROUGH NINE OFFERING RECREATIONAL AND EDUCATIONAL EXPERIENCES. IN ADDITION, THE CARDIGAN MOUNTAIN SCHOOL OFFERS THE CORE PROGRAM THAT SEEKS TO INSTILL IN BOYS AND GIRLS A LIFELONG PASSION FOR THE OUTDOORS WHILE DEVELOPING THE NECESSARY SKILLS TO FULLY PURSUE THIS PASSION FOR A LIFETIME.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Christopher Day Head Of School | OfficerTrustee | 40 | $264,206 |
Jotham Burnett Director Of Development | 40 | $138,818 | |
Stephen Solberg Cfo, Assistant Head Of School | Officer | 40 | $134,156 |
Sandra Hollingsworth Dir Of Leadership And Planned Gifts | 40 | $128,819 | |
Edward Audett Director Of Admissions | 40 | $125,787 | |
Joshua Leroy Dean Of Faculty, Asst Head Of School | 40 | $117,676 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Conneston Construction Inc Construction | 6/29/22 | $572,267 |
Flikcompass Group Food Service Contractor | 6/29/22 | $1,073,797 |
E & R Laundry Laundry Services | 6/29/22 | $315,439 |
Rad Sports Building New Turf Field | 6/29/22 | $302,914 |
Nortcenter Foods Food Service Provider | 6/29/22 | $259,566 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $380,992 |
| Related organizations | $0 |
| Government grants | $1,662,957 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,499,049 |
| Noncash contributions included in lines 1a–1f | $70,543 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,542,998 |
| Total Program Service Revenue | $17,693,025 |
| Investment income | $766,488 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $3,387,758 |
| Net Income from Fundraising Events | $260,758 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$14,925 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $28,636,102 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $3,187,757 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $450,769 |
| Compensation of current officers, directors, key employees. | $450,769 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $7,003,957 |
| Pension plan accruals and contributions | $612,331 |
| Other employee benefits | $1,128,976 |
| Payroll taxes | $565,066 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $107,050 |
| Fees for services: Accounting | $77,216 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $236,409 |
| Fees for services: Other | $49,657 |
| Advertising and promotion | $131,060 |
| Office expenses | $626,363 |
| Information technology | $478,295 |
| Royalties | $0 |
| Occupancy | $1,264,684 |
| Travel | $309,658 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $350,189 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,998,057 |
| Insurance | $221,871 |
| All other expenses | $234,327 |
| Total functional expenses | $21,519,854 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $12,431 |
| Savings and temporary cash investments | $1,453,755 |
| Pledges and grants receivable | $3,159,556 |
| Accounts receivable, net | $22,239 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $163,889 |
| Prepaid expenses and deferred charges | $491,561 |
| Net Land, buildings, and equipment | $41,747,301 |
| Investments—publicly traded securities | $37,035,195 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $203,104 |
| Total assets | $84,289,031 |
| Accounts payable and accrued expenses | $1,546,745 |
| Grants payable | $0 |
| Deferred revenue | $2,571,728 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $10,596,940 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $149,309 |
| Total liabilities | $14,864,722 |
| Net assets without donor restrictions | $42,915,682 |
| Net assets with donor restrictions | $26,508,627 |
| 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 | $84,289,031 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Cardigan Mountain School has recieved totaling $4,800,000.
| Awarding Organization | Amount |
|---|---|
Gates Family Foundation Denver, CO PURPOSE: ENDOWMENT | $2,750,000 |
Gates Family Foundation Denver, CO PURPOSE: PROJECT SUPPORT | $1,000,000 |
Gates Family Foundation Denver, CO PURPOSE: PROJECT SUPPORT | $500,000 |
Gates Family Foundation Denver, CO PURPOSE: ENDOWMENT | $250,000 |
Gates Family Foundation Denver, CO PURPOSE: ENDOWMENT | $250,000 |
Doctorbird Foundation Wilmington, DE PURPOSE: FINANCIAL AID FUND | $50,000 |
Endowment Analysis
| Beg. Balance | $41,687,209 |
| Earnings | -$2,995,426 |
| Net Contributions | $1,076,214 |
| Other Expense | $1,869,224 |
| Ending Balance | $37,898,773 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Dexter Southfield Inc Brookline, MA | $119,216,504 | $58,438,330 |
Shady Hill School Cambridge, MA | $107,959,883 | $31,295,266 |
Wilbraham & Monson Academy Wilbraham, MA | $39,033,544 | $22,102,738 |
Cardigan Mountain School Canaan, NH | $84,289,031 | $28,636,102 |
Lycee International De Boston International School Of Boston Inc Cambridge, MA | $37,411,967 | $19,857,918 |
Fenn School Inc Concord, MA | $99,819,486 | $20,241,981 |
Dedham Country Day School Dedham, MA | $40,544,639 | $16,952,187 |
Shore Country Day School Beverly, MA | $51,799,692 | $17,689,477 |
Brookwood School Incorporated Manchester, MA | $33,301,700 | $12,669,241 |
Cape Cod Academy Inc Osterville, MA | $13,242,497 | $10,612,014 |
Foxcroft Academy Trustees Doverfoxcroft, ME | $30,930,930 | $10,035,137 |
The Charles River School Dover, MA | $30,996,715 | $9,587,665 |