Grammar School Incorporated
- Assets
- $1.9m
- Revenue
- $2.1m
- Investments
- $0.0
- Employees
- 59
- Location
- Putney, VT
- Founding
- 04/1962
- Data as of
- 06/2022
- EIN
- 03-0211036
Organization Overview
Grammar School Incorporated is located in Putney, VT. The organization was established in 1962. 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, Grammar School Incorporated employed 59 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Grammar School Incorporated 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, Grammar School Incorporated generated $2.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.2% each year. All expenses for the organization totaled $1.8m during the year ending 06/2022. While expenses have increased by 1.3% 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
AS A SMALL COMMUNITY OF PARENTS, STUDENTS AND TEACHERS IN CONSCIOUS PARTNERSHIP, THE GRAMMAR SCHOOL INTEGRATES HIGH EXPECTATIONS FOR ACHIEVEMENT, CREATIVITY, SELF DISCIPLINE AND SOCIAL RESPONSIBILITY. WE CULTIVATE IN EACH STUDENT A LIFELONG ENTHUSIASM FOR LEARNING AND A DESIRE TO CONTRIBUTE CONSTRUCTIVELY TO SOCIETY. OUR PROGRAM PROVIDES STUDENTS WITH AN EXCELLENT ACADEMIC, ARTISTIC, ATHLETIC AND ETHICAL FOUNDATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
INDEPENDENT, ACCREDITED SCHOOL SERVING GRADES PRE K TO GRADE 8.APPROXIMATELY 105 STUDENTS ARE SERVED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nick Perry Head Of School | Officer | 40 | $104,691 |
Dudley Blossom Chairman | OfficerTrustee | 2 | $0 |
David Greenewalt Trustee | Trustee | 2 | $0 |
John Barrengos Treasurer | OfficerTrustee | 2 | $0 |
Rick Cowan Vice Chair | OfficerTrustee | 2 | $0 |
David Jacobson Trustee | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $552 |
| Related organizations | $0 |
| Government grants | $128,374 |
| All other contributions, gifts, grants, and similar amounts not included above | $359,290 |
| Noncash contributions included in lines 1a–1f | $22,696 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $488,216 |
| Total Program Service Revenue | $1,532,061 |
| Investment income | $5,489 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $25,446 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,051,212 |
| 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. | $104,690 |
| Compensation of current officers, directors, key employees. | $25,125 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,097,167 |
| Pension plan accruals and contributions | $11,951 |
| Other employee benefits | $24,072 |
| Payroll taxes | $95,597 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $12,222 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $9,713 |
| Advertising and promotion | $0 |
| Office expenses | $31,834 |
| Information technology | $8,491 |
| Royalties | $0 |
| Occupancy | $39,809 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $2,267 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $80,451 |
| Insurance | $19,889 |
| All other expenses | $66,339 |
| Total functional expenses | $1,828,268 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $258,935 |
| Savings and temporary cash investments | $361,968 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $58,403 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $3,946 |
| Net Land, buildings, and equipment | $788,884 |
| Investments—publicly traded securities | $437,636 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1 |
| Total assets | $1,909,773 |
| Accounts payable and accrued expenses | $82,889 |
| Grants payable | $0 |
| Deferred revenue | $111,667 |
| 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 | $38,380 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $232,936 |
| Net assets without donor restrictions | $1,393,068 |
| Net assets with donor restrictions | $283,769 |
| 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 | $1,909,773 |