Open Fields Inc
- Assets
- $708.2k
- Revenue
- $138.8k
- Investments
- $319.3k
- Employees
- 7
- Location
- Thetford, VT
- Founding
- 06/1972
- Data as of
- 06/2021
- EIN
- 03-0226188
Organization Overview
Open Fields Inc is located in Thetford, VT. The organization was established in 1972. 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 06/2021, Open Fields Inc employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Open Fields 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, Open Fields Inc generated $138.8k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (0.5%) each year. All expenses for the organization totaled $132.3k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (2.1%) per year over the past 6 years. 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
PRIMARY SCHOOL EDUCATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED PRIMARY SCHOOL EDUCATION TO STUDENTS IN THE UPPER VALLEY OF VT AND NH. TOTAL 18 STUDENTS: GRADES K (2), FIRST (1), SECOND (4), THIRD (2), FOURTH (1), FIFTH (4), SIXTH (4).
PROVIDED PRIMARY SCHOOL EDUCATION TO STUDENTS IN THE UPPER VALLEY OF VT AND NH. TOTAL 18 STUDENTS: GRADES K (2), FIRST (1), SECOND (4), THIRD (2), FOURTH (1), FIFTH (4), SIXTH (4).
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nellie Pennington Director/head Of School | Officer | 10 | $4,000 |
Nathan Hine Treasurer | OfficerTrustee | 1 | $0 |
Michael Maddalena Chair | OfficerTrustee | 2 | $0 |
Rebecca Mallary Secretary | OfficerTrustee | 1 | $0 |
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 | $12,081 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $12,081 |
| Total Program Service Revenue | $78,750 |
| Investment income | $7,499 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $18 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $138,795 |
| 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. | $4,000 |
| Compensation of current officers, directors, key employees. | $4,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $79,140 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $6,181 |
| Payroll taxes | $6,869 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,129 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $100 |
| Office expenses | $64 |
| Information technology | $1,935 |
| Royalties | $0 |
| Occupancy | $22,325 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $7,885 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $132,290 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $42,156 |
| Savings and temporary cash investments | $61,737 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | -$14,881 |
| 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 | $0 |
| Net Land, buildings, and equipment | $299,867 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $319,321 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $708,200 |
| Accounts payable and accrued expenses | $4,911 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $4,911 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $319,321 |
| Paid-in or capital surplus, or land, building, or equipment fund | $299,867 |
| Retained earnings, endowment, accumulated income, or other funds | $84,101 |
| Total liabilities and net assets/fund balances | $708,200 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Open Fields Inc has recieved totaling $185.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $185 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Democracy Prep New York Charter Schools Bronx, NY | $67,527,043 | $86,404,779 |
Grace Church School New York, NY | $124,238,513 | $52,477,666 |
Dexter Southfield Inc Brookline, MA | $119,216,504 | $58,438,330 |
Calhoun School Inc New York, NY | $66,556,667 | $39,561,327 |
Saint Davids School New York, NY | $170,289,488 | $33,366,978 |
Hewitt School New York, NY | $78,957,035 | $33,976,072 |
Buckley School In The City Of New York New York, NY | $138,732,019 | $33,895,115 |
Shady Hill School Cambridge, MA | $107,959,883 | $31,295,266 |
Bnos Bais Yaakov Of Far Rockaway Far Rockaway, NY | $26,507,044 | $28,668,399 |
City And Country School Inc New York, NY | $49,971,219 | $22,042,063 |
Wilbraham & Monson Academy Wilbraham, MA | $39,033,544 | $22,102,738 |
Cardigan Mountain School Canaan, NH | $84,289,031 | $28,636,102 |