The Charles River School
- Assets
- $31.0m
- Revenue
- $9.6m
- Investments
- $0.0
- Employees
- 64
- Location
- Dover, MA
- Founding
- 01/1944
- Data as of
- 06/2020
- EIN
- 04-2103974
Organization Overview
The Charles River School is located in Dover, MA. The organization was established in 1944. 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, Charles River School employed 64 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Charles River School 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 06/2020, Charles River School generated $9.6m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (0.1%) each year. All expenses for the organization totaled $9.6m during the year ending 06/2020. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
CHARLES RIVER SCHOOL IS AN INDEPENDENT SCHOOL OFFERING STUDENTS IN PRE-KINDERGARTEN THROUGH EIGHTH GRADE A STRONG ACADEMIC PROGRAM IN AN ENVIRONMENT THAT CELEBRATES LEARNING AND VALUES EACH MEMBER OF ITS COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOOL- CHARLES RIVER SCHOOL IS AN INDEPENDENT SCHOOL OFFERING STUDENTS IN PRE-KINDERGARTEN THROUGH GRADE EIGHT A STRONG ACADEMIC PROGRAM IN AN ENVIRONMENT THAT CELEBRATES LEARNING AND VALUES EACH MEMBER OF ITS COMMUNITY.
SUMMER PROGRAM- THE CHARLES RIVER CREATIVE ARTS PROGRAM IS A SUMMER PROGRAM FOR CHILDREN 6-15 YEARS OF AGE. STUDENTS CHOOSE FROM OVER 130 COURSES IN ART, MUSIC AND DRAMA IN TWO FOUR WEEK SESSIONS AND FOUR TWO WEEK SESSIONS.
EXTENDED DAY PROGRAM- THE EXTENDED DAY PROGRAM IS AN IMPORTANT EXTENSION OF THE SCHOOL DAY. IN THE COURSE OF THE DAY, WE OFFER CHILDREN BOTH TEACHER-DIRECTED ACTIVITIES AND THE FREEDOM TO MAKE THEIR OWN CHOICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Margaret Larkin Head Of School | OfficerTrustee | 40 | $235,200 |
Jessica Somol Director Of Development | 40 | $150,345 | |
David Riedell Director Of Finance | Officer | 40 | $140,510 |
Elizabeth Clayton Associate Head Of School | 40 | $130,885 | |
Julie Powers Director Of Marketing And Communications | 40 | $114,637 | |
Steven Trust Director Of Academic Technology | 40 | $110,925 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Active Network Llc Software Consulting | 6/29/21 | $587,000 |
Flik Food | 6/29/21 | $303,827 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,574,955 |
| Investment income | $192,975 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $38,058 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $9,587,665 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $1,522,060 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $369,207 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,735,587 |
| Pension plan accruals and contributions | $92,707 |
| Other employee benefits | $346,578 |
| Payroll taxes | $305,520 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $26,947 |
| Fees for services: Accounting | $28,215 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $39,415 |
| Fees for services: Other | $0 |
| Advertising and promotion | $166,522 |
| Office expenses | $138,906 |
| Information technology | $59,414 |
| Royalties | $0 |
| Occupancy | $517,493 |
| Travel | $104,320 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $220 |
| Interest | $343,900 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $791,641 |
| Insurance | $69,506 |
| All other expenses | $0 |
| Total functional expenses | $9,588,406 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,023,243 |
| Savings and temporary cash investments | $906,019 |
| Pledges and grants receivable | $234,184 |
| Accounts receivable, net | $13,010 |
| 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 | $106,363 |
| Investments—publicly traded securities | $8,420,422 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $30,996,715 |
| Accounts payable and accrued expenses | $541,240 |
| Grants payable | $0 |
| Deferred revenue | $968,129 |
| Tax-exempt bond liabilities | $9,532,941 |
| 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 | $876,000 |
| Total liabilities | $11,918,310 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $19,078,405 |
Grants Recieved
Over the last fiscal year, we have identified 18 grants that The Charles River School has recieved totaling $368,402.
| Awarding Organization | Amount |
|---|---|
Samelson-Lowitt Foundation Inc Needham, MA PURPOSE: DONATION | $100,000 |
The Rhode Island Community Foundation Providence, RI PURPOSE: ANNUAL FUND/FINANCIAL AID ENDOWMENT | $85,000 |
Samelson-Lowitt Foundation Inc Needham, MA PURPOSE: DONATION | $70,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $40,000 |
John R Mccune Char Trust No 9721 Pittsburgh, PA PURPOSE: GENERAL SUPPORT | $20,000 |
Pemberton Family Foundation Inc Osterville, MA PURPOSE: GENERAL | $15,000 |
Endowment Analysis
| Beg. Balance | $8,424,942 |
| Earnings | $239,559 |
| Net Contributions | $2,430,588 |
| Other Expense | $670,000 |
| Ending Balance | $10,425,089 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Village Community School New York, NY | $70,966,980 | $22,510,782 |
Lycee International De Boston International School Of Boston Inc Cambridge, MA | $37,411,967 | $19,857,918 |
Speyer Legacy School New York, NY | $16,160,814 | $25,812,126 |
Fenn School Inc Concord, MA | $99,819,486 | $20,241,981 |
Amistad Academy Inc New Haven, CT | $35,461,697 | $16,961,980 |
Foote School Association Inc New Haven, CT | $45,302,394 | $17,181,198 |
Rumsey Hall School Incorporated Washington Depot, CT | $67,305,104 | $16,603,122 |
Eugenio Maria De Hostos Charter School Rochester, NY | $9,947,408 | $17,341,158 |
Buckley Country Day School Roslyn, NY | $25,298,235 | $15,722,484 |
Dedham Country Day School Dedham, MA | $40,544,639 | $16,952,187 |
Big Apple Institute Inc Brooklyn, NY | $4,985,995 | $17,005,118 |
Shore Country Day School Beverly, MA | $51,799,692 | $17,689,477 |