Spaulding Academy & Family Services
- Assets
- $40.3m
- Revenue
- $28.4m
- Investments
- $0.0
- Employees
- 390
- Location
- Northfield, NH
- Founding
- 04/1960
- Data as of
- 06/2023
- EIN
- 02-0244216
Organization Overview
Spaulding Academy & Family Services is located in Northfield, NH. The organization was established in 1960. According to its NTEE Classification (F33) the organization is classified as: Residential Mental Health Treatment, under the broad grouping of Mental Health & Crisis Intervention and related organizations. As of 06/2023, Spaulding Academy & Family Services employed 390 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Spaulding Academy & Family Services 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, Spaulding Academy & Family Services generated $28.4m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 8.9% each year. All expenses for the organization totaled $24.6m during the year ending 06/2023. While expenses have increased by 7.6% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
IMPROVE & ENRICH THE LIVES OF EMOTIONALLY/INTELLECTUALLY CHALLENGED YOUTH & THEIR FAMILIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SPAULDING ACADEMY & FAMILY SERVICES PROVIDES HIGH-QUALITY THERAPEUTIC, EDUCATIONAL, RESIDENTIAL AND FOSTER CARE SERVICES FOR CHILDREN WITH EMOTIONAL AND BEHAVIORAL CHALLENGES AND CHILDREN WITH AUTISM OR OTHER NEUROLOGICAL IMPAIRMENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Ventura Chairman | OfficerTrustee | 1 | $0 |
Ronald L Magoon Treasurer | OfficerTrustee | 1 | $0 |
Scott D Mcguffin ESQ Trustee | Trustee | 1 | $0 |
Robert Snelling Trustee | Trustee | 1 | $0 |
Michael Bourbeau Trustee | Trustee | 1 | $0 |
Peter White Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $289,139 |
| All other contributions, gifts, grants, and similar amounts not included above | $148,909 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $438,048 |
| Total Program Service Revenue | $27,193,966 |
| Investment income | $378,840 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $370,015 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $28,415,235 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $429,093 |
| Compensation of current officers, directors, key employees. | $267,008 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $15,201,774 |
| Pension plan accruals and contributions | $482,240 |
| Other employee benefits | $2,877,284 |
| Payroll taxes | $1,142,679 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $8,081 |
| Fees for services: Accounting | $57,186 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $70,647 |
| Fees for services: Other | $195,125 |
| Advertising and promotion | $91,643 |
| Office expenses | $563,747 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,058,904 |
| Travel | $65,072 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $86,911 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $682,861 |
| Insurance | $449,442 |
| All other expenses | $340,109 |
| Total functional expenses | $24,618,257 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,626,859 |
| Savings and temporary cash investments | $4,808,135 |
| Pledges and grants receivable | $21,056 |
| Accounts receivable, net | $2,950,970 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $13,449 |
| Prepaid expenses and deferred charges | $120,233 |
| Net Land, buildings, and equipment | $17,204,115 |
| Investments—publicly traded securities | $11,151,070 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,450,008 |
| Total assets | $40,345,895 |
| Accounts payable and accrued expenses | $2,724,849 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $5,405,737 |
| 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 | $0 |
| Total liabilities | $8,130,586 |
| Net assets without donor restrictions | $28,207,859 |
| Net assets with donor restrictions | $4,007,450 |
| 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 | $40,345,895 |