Dexter Southfield Inc
- Assets
- $119.3m
- Revenue
- $60.2m
- Investments
- $8.5m
- Employees
- 440
- Location
- Brookline, MA
- Founding
- 09/1941
- Data as of
- 06/2022
- EIN
- 04-2104152
Organization Overview
Dexter Southfield Inc is located in Brookline, MA. The organization was established in 1941. 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 06/2023, Dexter Southfield Inc employed 440 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Dexter Southfield 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, Dexter Southfield Inc generated $60.2m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.7% each year. All expenses for the organization totaled $53.8m during the year ending 06/2022. While expenses have increased by 5.6% per year over the past 8 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
DEXTER SOUTHFIELD SCHOOL HELPS BOYS AND GIRLS DEVELOP THEIR INDIVIDUALTALENTS AND BUILD AN ETHICAL FOUNDATION FOR LIFE. STUDENTS LEARN TO LEAD WITH CONFIDENCE, SERVE WITH COMPASSION, AND LIVE BY THE MOTTO"OUR BEST TODAY, BETTER TOMORROW"
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE SCHOOL PROVIDES ELEMENTARY AND SECONDARY COLLEGE PREPARATORY EDUCATION TO BOYS AND GIRLS IN GRADES PRE-KINDERGARTEN THROUGH 12.
THE SCHOOL PROVIDES STUDENTS AID IN THE FORM OF GRANTS FOR QUALIFYING STUDENTS WHO WOULD OTHERWISE BE UNABLE TO ATTEND THE SCHOOL.
THE SCHOOL PROVIDES SERVICES TO THE COMMUNITY THROUGH ITS SUMMER DAY CAMPS AND OTHER EDUCATIONAL OUTREACH PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Todd Vincent Head Of School | Officer | 60 | $593,982 |
Stephanie Governali Director Of External Relations | Officer | 50 | $238,011 |
Daniel Donato Admissions/coach | 50 | $232,904 | |
Daniel Stewart Tucker Asst. Head Of School | Officer | 60 | $223,764 |
Jeffrey Dubois CFO Thru January 2023 | Officer | 60 | $274,943 |
Alexander Melanson Interim CFO | Officer | 50 | $145,446 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Dellbrook Construction Llc Construction | 6/29/23 | $3,968,805 |
Sage Dining Services Inc Dining Services | 6/29/23 | $2,265,485 |
Local Motion Of Boston Inc Transportation | 6/29/23 | $1,176,451 |
Compass Facility Services Inc Cleaning Services | 6/29/23 | $558,974 |
Arcarchitectural Resources Cambridge I Architectural | 6/29/23 | $782,554 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,986,428 |
| Investment income | $676,881 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,030,190 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $60,169,167 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $9,137,880 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $2,042,367 |
| Compensation to disqualified persons | $91,685 |
| Other salaries and wages | $16,467,391 |
| Pension plan accruals and contributions | $995,304 |
| Other employee benefits | $6,667,199 |
| Payroll taxes | $1,369,560 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $211,077 |
| Fees for services: Accounting | $85,155 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $123,020 |
| Fees for services: Other | $150,185 |
| Advertising and promotion | $67,433 |
| Office expenses | $2,140,205 |
| Information technology | $48,000 |
| Royalties | $0 |
| Occupancy | $3,180,886 |
| Travel | $137,443 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $20,953 |
| Interest | $1,374,924 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,360,465 |
| Insurance | $446,751 |
| All other expenses | $0 |
| Total functional expenses | $53,777,715 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,015,217 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $2,374,788 |
| Accounts receivable, net | $245,279 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $135,869 |
| Prepaid expenses and deferred charges | $1,057,877 |
| Investments—publicly traded securities | $42,582,589 |
| Investments—other securities | $8,538,242 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $107,907 |
| Total assets | $119,267,019 |
| Accounts payable and accrued expenses | $562,732 |
| Grants payable | $0 |
| Deferred revenue | $14,134,413 |
| Tax-exempt bond liabilities | $30,995,327 |
| 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 | $251,365 |
| Total liabilities | $45,943,837 |
| Net assets without donor restrictions | $66,650,268 |
| Net assets with donor restrictions | $6,672,914 |
| 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 | $73,323,182 |