Roxbury Latin School Inc
- Assets
- $300.0m
- Revenue
- $22.4m
- Investments
- $198.7m
- Employees
- 92
- Location
- West Roxbury, MA
- Founding
- 02/1949
- Data as of
- 06/2021
- EIN
- 04-2104857
Organization Overview
Roxbury Latin School Inc is located in West Roxbury, MA. The organization was established in 1949. According to its NTEE Classification (B25) the organization is classified as: Secondary & High Schools, under the broad grouping of Education and related organizations. As of 06/2021, Roxbury Latin School Inc employed 92 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Roxbury Latin 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 06/2021, Roxbury Latin School Inc generated $22.4m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 6.2% each year. All expenses for the organization totaled $20.9m during the year ending 06/2021. While expenses have increased by 4.2% per year over the past 6 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE SECONDARY EDUCATION TO BOYS IN GRADES 7-12.
Describe the Organization's Program Activity:
TO PROVIDE SECONDARY EDUCATION TO BOYS IN GRADES 7-12.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kerry Brennan Salary And Benefits Headmaster | Officer | 50 | $529,185 |
Thomas Guden Asst Headmaster | Officer | 50 | $204,293 |
Michael Pojman Asst Headmaster | Officer | 50 | $198,214 |
Andrew Chappell Asst Headmaster | Officer | 50 | $181,036 |
Philip Thornton Senior Gifts Officer | 50 | $175,522 | |
Ernesto Guerra Teacher | 50 | $152,052 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Blueview Nurseries Inc Landscaping | 6/29/21 | $223,535 |
Cambridge Associates Llc Endowment Consultant | 6/29/21 | $290,015 |
Sage Dining Services Food Services | 6/29/21 | $368,618 |
Compas Facility Services Janitorial Services | 6/29/21 | $329,618 |
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 | $7,489,061 |
| Noncash contributions included in lines 1a–1f | $172,670 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,489,061 |
| Total Program Service Revenue | $8,284,401 |
| Investment income | $633,101 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $5,791,015 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $22,398,287 |
| 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. | $1,725,725 |
| Compensation of current officers, directors, key employees. | $252,128 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $7,069,477 |
| Pension plan accruals and contributions | $624,287 |
| Other employee benefits | $1,354,246 |
| Payroll taxes | $594,662 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $47,971 |
| Fees for services: Accounting | $61,740 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $559,336 |
| Fees for services: Other | $1,701,478 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $47,981 |
| Royalties | $0 |
| Occupancy | $2,198,330 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $941,562 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,714,894 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $20,899,962 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,397,005 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $12,088,137 |
| Accounts receivable, net | $51,411 |
| 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 | $140,823 |
| Net Land, buildings, and equipment | $81,561,487 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $198,698,027 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,064,967 |
| Total assets | $300,001,857 |
| Accounts payable and accrued expenses | $2,108,396 |
| Grants payable | $0 |
| Deferred revenue | $3,697,653 |
| Tax-exempt bond liabilities | $26,287,990 |
| 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 | $417,885 |
| Total liabilities | $32,511,924 |
| Net assets without donor restrictions | $59,196,913 |
| Net assets with donor restrictions | $208,293,020 |
| 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 | $300,001,857 |
Grants Recieved
Over the last fiscal year, we have identified 47 grants that Roxbury Latin School Inc has recieved totaling $1,453,471.
| Awarding Organization | Amount |
|---|---|
Lebowitz-Aberly Family Foundation Boston, MA PURPOSE: GENERAL FUND | $625,000 |
Goizueta Foundation Inc Atlanta, GA PURPOSE: DISCRETIONARY | $125,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $96,170 |
Vila B Webber 1985 Charitable Trust Boston, MA PURPOSE: GENERAL PURPOSE | $60,000 |
Tr U/Ind Dorothy Melcher Sneath Pittsburgh, PA PURPOSE: GENERAL OPERATING | $55,000 |
The Blackbaud Giving Fund Charleston, SC PURPOSE: GENERAL SUPPORT | $53,390 |
Endowment Analysis
| Beg. Balance | $147,106,281 |
| Earnings | $56,239,992 |
| Net Contributions | $1,510,147 |
| Other Expense | $7,000,000 |
| Ending Balance | $197,856,420 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Kent School Corporation Kent, CT | $229,105,384 | $52,388,614 |
Hopkins School Incorporated New Haven, CT | $238,380,739 | $44,795,541 |
Middlesex School Concord, MA | $485,283,896 | $51,739,388 |
Trustees Of Thayer Academy Braintree, MA | $161,523,903 | $74,068,471 |
Tabor Academy Marion, MA | $131,644,395 | $42,865,044 |
Berkshire School Inc Sheffield, MA | $360,181,943 | $53,167,690 |
Norwich Free Academy Norwich, CT | $43,430,200 | $37,532,143 |
St Marks School Of Southborough Inc Southborough, MA | $256,704,983 | $26,796,658 |
Beaver Country Day School Inc Chestnut Hill, MA | $85,211,798 | $37,690,859 |
Trustees Of Westminster School Inc Simsbury, CT | $266,021,202 | $46,508,932 |
Williston Northampton School Easthampton, MA | $100,619,158 | $41,610,730 |
St Georges School Newport, RI | $313,371,330 | $43,582,609 |