Cotting School Inc
- Assets
- $131.8m
- Revenue
- $20.2m
- Investments
- $8.4m
- Employees
- 199
- Location
- Lexington, MA
- Founding
- 11/1952
- Data as of
- 06/2022
- EIN
- 04-2104328
Organization Overview
Cotting School Inc is located in Lexington, MA. The organization was established in 1952. According to its NTEE Classification (B20) the organization is classified as: Elementary & Secondary Schools, under the broad grouping of Education and related organizations. As of 06/2022, Cotting School Inc employed 199 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cotting 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, Cotting School Inc generated $20.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.2% each year. All expenses for the organization totaled $16.8m during the year ending 06/2022. While expenses have increased by 3.8% 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
TO EDUCATE CHILDREN AND ADULTS WHO HAVE PHYSICAL, COMMUNICATION AND OTHER CHALLENGES TO LEARNING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DAY/SUMMER PROGRAM - COMPREHENSIVE PRIMARY, MIDDLE, UPPER AND POST GRADUATE EDUCATIONAL PROGRAMS FOR CHILDREN AND YOUNG ADULTS WHO HAVE VARIED PHYSICAL, COMMUNICATION AND OTHER CHALLENGES TO LEARNING. APPROXIMATELY 110 CLIENTS SERVED.
CONSULTING AND OUTREACH - PROVIDES TECHNOLOGY-FOCUSED ASSESSMENT, CONSULTATION AND PROFESSIONAL DEVELOPMENT TO IMPROVE CURRICULUM ACCESS AND FUNCTIONAL INDEPENDENCE TO STUDENTS WITH A WIDE RANGE OF PHYSICAL, COMMUNICATION, AND LEARNING DISABILITIES AND COMPLEX MEDICAL CONDITIONS. APPROXIMATELY 170 CLIENTS SERVED.
HOPEHOUSE- PROVIDES ACADEMIC, VOCATIONAL AND COMMUNITY EXPERIENCES TO INDIVIDUALS AGES 17-22 IN A 180 DAY BOARDING SCHOOL ENVIRONMENT. APPROXIMATELY 3 CLIENTS SERVED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David W Manzo Pres./exec. Dir. Thru 8/2021 | OfficerTrustee | 45 | $337,894 |
Bridget Irish Pres./exec. Dir. Beg 9/2021 | OfficerTrustee | 45 | $294,180 |
Michael K Durkin Chairman | OfficerTrustee | 1 | $0 |
Alexander Thorndike Treasurer | OfficerTrustee | 1 | $0 |
Lori Campana Secretary | OfficerTrustee | 1 | $0 |
Julie W Bennett Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Erland Construction Inc Construction Contractor | 6/29/22 | $9,530,764 |
Architectural Resources Cambridge Design Consultant | 6/29/22 | $276,953 |
Cleanco Maintenance Cleaning Services | 6/29/22 | $149,298 |
Leonard Mulherin & Greene Pc Audit/consulting | 6/29/22 | $124,222 |
William C Nardone Snow Removal/landscape | 6/29/22 | $101,274 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,183,883 |
| All other contributions, gifts, grants, and similar amounts not included above | $931,649 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,115,532 |
| Total Program Service Revenue | $11,451,764 |
| Investment income | $1,421,273 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $4,622,403 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $20,166,388 |
| 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. | $587,346 |
| Compensation of current officers, directors, key employees. | $559,060 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $9,912,570 |
| Pension plan accruals and contributions | $594,401 |
| Other employee benefits | $1,351,323 |
| Payroll taxes | $893,091 |
| Fees for services: Management | $144,167 |
| Fees for services: Legal | $5,418 |
| Fees for services: Accounting | $56,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $254,259 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,311,206 |
| Travel | $67,323 |
| 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 | $644,282 |
| Insurance | $51,917 |
| All other expenses | $0 |
| Total functional expenses | $16,770,396 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,650,787 |
| Savings and temporary cash investments | $782 |
| Pledges and grants receivable | $477,896 |
| Accounts receivable, net | $476,628 |
| 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 | $50,684 |
| Net Land, buildings, and equipment | $21,976,660 |
| Investments—publicly traded securities | $90,246,327 |
| Investments—other securities | $8,441,101 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $7,435,823 |
| Total assets | $131,756,688 |
| Accounts payable and accrued expenses | $1,688,729 |
| Grants payable | $0 |
| Deferred revenue | $58,298 |
| 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 | $9,946,697 |
| Other liabilities | $3,936,234 |
| Total liabilities | $15,629,958 |
| Net assets without donor restrictions | $98,253,775 |
| Net assets with donor restrictions | $17,872,955 |
| 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 | $131,756,688 |