Putney School Inc
- Assets
- $64.1m
- Revenue
- $23.0m
- Investments
- $0.0
- Employees
- 247
- Location
- Putney, VT
- Founding
- 09/1937
- Data as of
- 06/2022
- EIN
- 03-0179305
Organization Overview
Putney School Inc is located in Putney, VT. The organization was established in 1937. 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, Putney School Inc employed 247 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Putney School Inc 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, Putney School Inc generated $23.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.7% each year. All expenses for the organization totaled $18.4m during the year ending 06/2022. While expenses have increased by 3.5% 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
INDEPENDENT, COEDUCATIONAL BOARDING AND DAY SECONDARY SCHOOL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PUTNEY SCHOOL PROVIDES AN EDUCATIONAL PROGRAM FOR APPROXIMATELY 169 BOARDING AND 58 DAY HIGH SCHOOL STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bob Raynolds Trustee | Trustee | 1 | $0 |
Breck Montague Trustee (resigned 6/22) | Trustee | 1 | $0 |
Charlie Young Trustee | Trustee | 1 | $0 |
David Lyu Student Rep.(joined 7/21-Left 6/22) | Trustee | 1 | $0 |
Dinah Buechner-Vischer Trustee (joined 7/21) | Trustee | 1 | $0 |
Elizabeth Blaylock Vice Chair | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Aladdin Food Management Services Llc Food Service Provider | 6/29/22 | $800,021 |
Stevens & Associates Pc Architect | 6/29/22 | $106,188 |
Graham-pelton Associates Inc Fundraising Consultants | 6/29/22 | $216,688 |
Maclay Architects Inc Architect | 6/29/22 | $330,557 |
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 | $5,880,089 |
| Noncash contributions included in lines 1a–1f | $798,577 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,880,089 |
| Total Program Service Revenue | $15,356,950 |
| Investment income | $1,111,329 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $604,391 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $4,081 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $22,994,358 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $3,902,707 |
| Grants and other assistance to Foreign Orgs/Individuals | $72,000 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $460,980 |
| Compensation of current officers, directors, key employees. | $270,577 |
| Compensation to disqualified persons | $69,336 |
| Other salaries and wages | $5,890,040 |
| Pension plan accruals and contributions | $373,254 |
| Other employee benefits | $986,262 |
| Payroll taxes | $463,907 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $81,295 |
| Fees for services: Accounting | $27,326 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $162,671 |
| Fees for services: Other | $261,032 |
| Advertising and promotion | $154,181 |
| Office expenses | $171,823 |
| Information technology | $237,352 |
| Royalties | $0 |
| Occupancy | $1,020,312 |
| Travel | $140,038 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $8,414 |
| Interest | $45,817 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,229,533 |
| Insurance | $328,498 |
| All other expenses | $320,063 |
| Total functional expenses | $18,423,347 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,705,040 |
| Savings and temporary cash investments | $570 |
| Pledges and grants receivable | $2,112,900 |
| Accounts receivable, net | $23,025 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $155,075 |
| Prepaid expenses and deferred charges | $193,589 |
| Net Land, buildings, and equipment | $16,192,983 |
| Investments—publicly traded securities | $40,723,140 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $64,106,322 |
| Accounts payable and accrued expenses | $573,577 |
| Grants payable | $0 |
| Deferred revenue | $2,638,336 |
| Tax-exempt bond liabilities | $99,714 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $659,941 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $224,598 |
| Total liabilities | $4,196,166 |
| Net assets without donor restrictions | $28,752,138 |
| Net assets with donor restrictions | $31,158,018 |
| 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 | $64,106,322 |