Fenn School Inc
- Assets
- $90.5m
- Revenue
- $22.5m
- Investments
- $0.0
- Employees
- 232
- Location
- Concord, MA
- Founding
- 03/1972
- Data as of
- 06/2022
- EIN
- 04-2104064
Organization Overview
Fenn School Inc is located in Concord, MA. 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 06/2022, Fenn School Inc employed 232 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fenn 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, Fenn School Inc generated $22.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.5% each year. All expenses for the organization totaled $20.0m during the year ending 06/2022. While expenses have increased by 2.3% 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
THE FENN SCHOOL IS AN ACCREDITED INDEPENDENT DAY SCHOOL FOR APPROXIMATELY 325 BOYS IN GRADES 4 THROUGH 9. THE MAIN OBJECTIVE OF THE SCHOOL IS TO PROVIDE A SOLID, BALANCED CURRICULUM FOR ELEMENTARY AND MIDDLE SCHOOL AGE BOYS, WITH EMPHASIS ON ACADEMICS, ARTS, AND ATHLETICS THROUGH COORDINATED COURSES THAT INTEGRATE ACROSS DISCIPLINES, THE SCHOOL PREPARES STUDENTS FOR RIGOROUS SECONDARY SCHOOL WORK AND ACADEMIC ACHIEVEMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ACADEMIC PROGRAM - THE SCHOOL IS AN ACCREDITED EDUCATIONAL INSTITUTION FOR APPROXIMATELY 320 BOYS, GRADES 4 THROUGH 9. THE SCHOOL PROVIDES A SOLID CURRICULUM IN ENGLISH, SCIENCE, SOCIAL STUDIES, MATHEMATICS, AND LANGUAGES (LATIN AND SPANISH). MATHEMATICS AND LANGUAGE CURRICULA ALLOW FOR STANDARD-LEVEL AS WELL AS ADVANCED-LEVEL LEARNING, DEPENDING ON THE STUDENT'S ABILITIES. THE ENTIRE ACADEMIC PROGRAM IS AN UPWARD PROGRESSION TOWARD SOPHISTICATED COGNITIVE REASONING AND INTELLECTUAL CHALLENGES TO PREPARE BOYS FOR SECONDARY SCHOOL EDUCATION.
ARTS PROGRAM - BEGINNING IN GRADE 4, THE STUDENTS ARE INTRODUCED TO A SIX-YEAR SEQUENTIAL CURRICULUM IN THE ARTS BEGINNING WITH STUDIO ART, DRAMA, MUSIC AND WOOD SHOP. AS THE STUDENT PROGRESSES THROUGH EACH GRADE OTHER ARTS PROGRAM OFFERINGS BECOME AVAILABLE, SUCH AS CERAMICS AND PHOTOGRAPHY. IN GRADES 8 AND 9, STUDENTS MAY SELECT FROM A BROAD ARRAY OF COURSES MENTIONED PLUS OTHERS SUCH AS PAINTING, CARTOONING, THEATER TECH, VIDEO PRODUCTION, STEEL DRUMS, GUITAR AND RHYTHM ENSEMBLE. STUDENTS ARE REQUIRED TO COMPLETE THREE ART REQUIREMENTS FOR GRADUATION: ONE EACH IN FINE ARTS, DRAMATIC ARTS AND MUSICAL ARTS.
ATHLETICS PROGRAM - THIS PROGRAM PROMOTES ATHLETIC COMPETENCE, CONFIDENCE, AND ENJOYMENT FOR STUDENTS OF VARYING ATHLETIC ABILITIES AND INTERESTS. IT STRESSES LEARNING AND PRACTICING INDIVIDUAL AND TEAM SKILLS, AND IT OFFERS A VARIETY OF INDIVIDUAL AND TEAM ACTIVITIES WITH VARIOUS LEVELS OF COMPETITION. AT ALL LEVELS GOOD SPORTSMANSHIP IS EMPHASIZED AS THE PRIMARY LESSON TO BE LEARNED FROM A WELL ORGANIZED ATHLETIC PROGRAM. SPORTS OPTIONS, DEPENDING ON GRADE, INCLUDE SOCCER, FOOTBALL, CROSS COUNTRY, TRACK, BASKETBALL, WRESTLING, ICE HOCKEY, TENNIS, AND ALSO ALLOWS FOR SPORTS ALTERNATIVE WITH PARENTAL/SCHOOL APPROVAL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Derek R Boonisar Head Of School | OfficerTrustee | 60 | $308,309 |
Jeffrey W Adams Trustee | Trustee | 5 | $0 |
Liz Chang Trustee | Trustee | 5 | $0 |
Tara Edelman Trustee (until 6/30/22) | Trustee | 5 | $0 |
Michael C Fox Trustee | Trustee | 5 | $0 |
G Zachary Gund Trustee | Trustee | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Flik - Compass Group Usa Food Service | 6/29/22 | $780,385 |
Bedford Charter Service Inc Transportation | 6/29/22 | $352,915 |
Atent For Rent Inc Tent Rental | 6/29/22 | $205,864 |
Menard And Sons Inc Landscaping | 6/29/22 | $225,768 |
Aid Maintenance Co Ii Inc Cleaning | 6/29/22 | $210,372 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $12,573 |
| Related organizations | $0 |
| Government grants | $1,942,863 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,577,129 |
| Noncash contributions included in lines 1a–1f | $69,245 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,532,565 |
| Total Program Service Revenue | $15,804,082 |
| Investment income | $2,088,881 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $86,520 |
| Net Gain/Loss on Asset Sales | -$12,593 |
| Net Income from Fundraising Events | -$670 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$3,692 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $22,524,934 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,952,659 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $751,100 |
| Compensation of current officers, directors, key employees. | $751,100 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $7,589,182 |
| Pension plan accruals and contributions | $441,266 |
| Other employee benefits | $2,007,424 |
| Payroll taxes | $620,651 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $29,342 |
| Fees for services: Accounting | $101,515 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $57,452 |
| Fees for services: Other | $225,845 |
| Advertising and promotion | $65,732 |
| Office expenses | $9,113 |
| Information technology | $338,957 |
| Royalties | $0 |
| Occupancy | $1,300,109 |
| Travel | $8,783 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,057 |
| Interest | $336,889 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,461,773 |
| Insurance | $126,411 |
| All other expenses | $202,148 |
| Total functional expenses | $20,039,772 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,170,665 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $1,922,724 |
| Accounts receivable, net | $98,393 |
| 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 | $402,126 |
| Net Land, buildings, and equipment | $38,471,525 |
| Investments—publicly traded securities | $45,329,821 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $95,898 |
| Total assets | $90,491,152 |
| Accounts payable and accrued expenses | $1,411,207 |
| Grants payable | $0 |
| Deferred revenue | $4,500,596 |
| Tax-exempt bond liabilities | $8,389,171 |
| 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 | $14,300,974 |
| Net assets without donor restrictions | $43,836,019 |
| Net assets with donor restrictions | $32,354,159 |
| 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 | $90,491,152 |