Putney School Inc
- Assets
- $65.1m
- Revenue
- $24.9m
- Investments
- $0.0
- Employees
- 210
- Location
- Putney, VT
- Founding
- 09/1937
- Data as of
- 06/2021
- 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 06/2021, Putney School Inc employed 210 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 06/2021, Putney School Inc generated $24.9m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 6.9% each year. All expenses for the organization totaled $17.0m during the year ending 06/2021. While expenses have increased by 2.7% per year over the past 6 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
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 239 HIGH SCHOOL STUDENTS IN A COEDUCATIONAL BOARDING SCHOOL SETTING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Emily Jones Head Of School/trustee | OfficerTrustee | 40 | $200,000 |
Randall Smith Treasurer/cfo | Officer | 40 | $160,100 |
Daniel Garcia Galili Faculty/trustee | Trustee | 1 | $42,400 |
Emily Dixon Faculty/trustee | Trustee | 1 | $41,000 |
John Bidwell Trustee | Trustee | 1 | $0 |
Rebecca Geary Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Aladdin Food Management Services Llc Dining Hall Service | 6/29/21 | $640,163 |
Graham-pelton Associates Inc Fundraising Consultants | 6/29/21 | $204,150 |
Solaris Energy Llc Solar Engergy Construction | 6/29/21 | $113,128 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,582,153 |
| All other contributions, gifts, grants, and similar amounts not included above | $9,809,759 |
| Noncash contributions included in lines 1a–1f | $264,129 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $11,391,912 |
| Total Program Service Revenue | $12,844,713 |
| Investment income | $83,129 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $541,726 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $24,861,480 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $3,272,400 |
| Grants and other assistance to Foreign Orgs/Individuals | $129,100 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $747,418 |
| Compensation of current officers, directors, key employees. | $552,657 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,290,078 |
| Pension plan accruals and contributions | $352,234 |
| Other employee benefits | $892,360 |
| Payroll taxes | $425,801 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $72,464 |
| Fees for services: Accounting | $46,322 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $162,716 |
| Fees for services: Other | $216,829 |
| Advertising and promotion | $122,621 |
| Office expenses | $133,082 |
| Information technology | $238,421 |
| Royalties | $0 |
| Occupancy | $935,893 |
| Travel | $56,369 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $8,434 |
| Interest | $50,245 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,261,662 |
| Insurance | $319,546 |
| All other expenses | $55,664 |
| Total functional expenses | $16,952,871 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,725,613 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $2,327,776 |
| Accounts receivable, net | $123,231 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $111,188 |
| Prepaid expenses and deferred charges | $108,811 |
| Net Land, buildings, and equipment | $15,689,474 |
| Investments—publicly traded securities | $40,062,840 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $65,148,933 |
| Accounts payable and accrued expenses | $237,076 |
| Grants payable | $0 |
| Deferred revenue | $2,567,760 |
| 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 | $1,589,487 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $196,161 |
| Total liabilities | $4,590,484 |
| Net assets without donor restrictions | $29,987,649 |
| Net assets with donor restrictions | $30,570,800 |
| 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 | $65,148,933 |
Grants Recieved
Over the last fiscal year, we have identified 23 grants that Putney School Inc has recieved totaling $1,511,477.
| Awarding Organization | Amount |
|---|---|
Geoffrey Gund Foundation Brooklyn, OH PURPOSE: GENERAL OPERATING | $505,000 |
Cedar Street Charitable Foundation Inc Milwaukee, WI PURPOSE: GENERAL | $500,000 |
Goldman Sachs Philanthropy Fund New York, NY PURPOSE: EDUCATION | $127,000 |
Morgan Stanley Global Impact Funding Trust Inc Indianapolis, IN PURPOSE: UNRESTRICTED GENERAL SUPPORT | $105,000 |
American Endowment Foundation Hudson, OH PURPOSE: EDUCATIONAL | $84,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $54,464 |
Endowment Analysis
| Beg. Balance | $32,043,820 |
| Earnings | $6,204,734 |
| Net Contributions | $8,542,754 |
| Other Expense | $1,121,400 |
| Ending Balance | $45,669,908 |
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 |