Trustees Of The Lawrence Academy At Groton

Organization Overview

Trustees Of The Lawrence Academy At Groton is located in Groton, MA. The organization was established in 1941. 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 06/2022, Trustees Of The Lawrence Academy At Groton employed 272 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Trustees Of The Lawrence Academy At Groton 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, Trustees Of The Lawrence Academy At Groton generated $43.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.0% each year. All expenses for the organization totaled $29.7m during the year ending 06/2022. While expenses have increased by 2.2% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

LAWRENCE ACADEMY'S MISSION ASSERTS THE FOLLOWING IN PROVIDING COLLEGE PREPARATORY EDUCATION FOR BOARDING AND DAY STUDENTS IN GRADES 9-12: "LAWRENCE ACADEMY RECOGNIZES YOU FOR WHO YOU ARE AND INSPIRES YOU TO TAKE RESPONSIBILITY FOR WHO YOU WANT TO BECOME, AND EMPOWERS YOU TO TAKE ACTION FOR THE GREATER GOOD." THROUGH ITS MISSION AND PROGRAMS, LAWRENCE ACADEMY SEEKS EXCELLENCE AND DISTINCTION THROUGH A "STUDENT-CENTERED" APPROACH TO EDUCATION. THE SCHOOL'S FOCUS BEGINS WITH A CAREFULLY DESIGNED ACADEMIC PROGRAM THAT STRIVES FOR CREATIVE AND INTERDISCIPLINARY APPROACHES TO LEARNING. ARTS AND ATHLETICS ARE ADDITIONAL AVENUES FOR FOSTERING SELF-DISCOVERY, GROWTH, PASSION, AND ACCOMPLISHMENT IN YOUNG PEOPLE. ULTIMATELY THE TOTAL EDUCATION PROGRAM, INCLUDING LIFE ON CAMPUS AND IN THE DORMS, IS DEDICATED TO TRANSFORMING THE LIVES OF YOUNG PEOPLE AND CREATING A COMMUNITY WHERE WELL-BEING, MUTUAL SUPPORT, AND THOUGHTFUL, RESPONSIBLE LIVING ARE FOSTERED.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THROUGH ITS MISSION, EACH YEAR LAWRENCE ACADEMY PREPARES MORE THAN ONE HUNDRED GRADUATES FOR SUCCESS IN THEIR NEXT ACADEMIC EXPERIENCES AND IN LIFE. IN THE PROCESS, THE SCHOOL'S ACADEMICS, ARTS, AND ATHLETICS PROGRAMS ALLOW STUDENTS THE OPPORTUNITY TO EXCEL AMONGST PEERS IN THE CONTEXT OF A SUPERB EDUCATIONAL ENVIRONMENT, BOTH WITHIN AND BEYOND SCHOOL. WHILE WE WANT TO SHOW MEASURABLE DEVELOPMENT FOR EACH STUDENT, WE ALSO WANT STUDENTS TO HAVE RICH AND MEANINGFUL EXPERIENCES WITHIN AN INTERDEPENDENT COMMUNITY THAT WILL SHARPEN THEIR APTITUDE AS RESPONSIBLE CITIZENS. ULTIMATELY, WE WANT A LAWRENCE ACADEMY EDUCATION TO TRANSFORM BOTH THE INDIVIDUAL AND SOCIETY. THERE WERE 424 STUDENTS ENROLLED DURING THE 2021/2022 SCHOOL YEAR.


SUMMER PROGRAMS PROVIDE EDUCATIONAL AND RECREATIONAL ACTIVITIES IN A DAY SETTING. APPROXIMATELY 500 YOUNG PEOPLE PARTICIPATE IN A VARIETY OF PROGRAMS. OUR PROGRAMS INCLUDE A TRADITIONAL DAY CAMP AND SPECIALTY CAMPS SUCH AS ROBOTICS AND FASHION DESIGN. BEYOND A REVENUE SOURCE, THESE PROGRAMS PROVIDE DIRECT SUPPORT TO THE SCHOOL IN TERMS OF KEEPING THE CAMPUS VIBRANT AND ACTIVE DURING THESE MONTHS, PROVIDE ADDED EXPOSURE TO THE SCHOOL'S IDENTITY THROUGH EXTENDED OFFERINGS, AND OPPORTUNITIES FOR ENGAGEMENT AND BENEFITS TO THE LOCAL COMMUNITY.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Sodexo Inc & Affiliates
Dining Hall Service
$1,296,719
Cic Health Llc
Covid Testing
$267,460
Yankee Line Inc
Bus Transporation
$120,900
X-pro Cleaning Inc
Cleaning Service
$641,250
Puritan Press Inc
Printing Materials
$105,202
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$22,176
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$4,729,759
Noncash contributions included in lines 1a–1f $176,354
Total Revenue from Contributions, Gifts, Grants & Similar$4,751,935
Total Program Service Revenue$26,080,260
Investment income $1,382,379
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income -$10,308
Net Gain/Loss on Asset Sales $10,729,261
Net Income from Fundraising Events $11,544
Net Income from Gaming Activities $0
Net Income from Sales of Inventory -$4,907
Miscellaneous Revenue$0
Total Revenue $43,518,864

Grants Recieved

Over the last fiscal year, we have identified 12 grants that Trustees Of The Lawrence Academy At Groton has recieved totaling $151,126.

Awarding OrganizationAmount
Morgan Stanley Global Impact Funding Trust Inc

Indianapolis, IN

PURPOSE: UNRESTRICTED GENERAL SUPPORT

$110,000
Schwab Charitable Fund

San Francisco, CA

PURPOSE: EDUCATION

$23,550
American Online Giving Foundation Inc

Newark, DE

PURPOSE: GENERAL SUPPORT

$13,542
Fidelity Foundation

Boston, MA

PURPOSE: MATCHING GIFTS TO EDUCATION

$2,000
Bank Of America Charitable Foundation Inc

Charlotte, NC

PURPOSE: OPERATIONAL SUPPORT

$800
Fidelity Foundation

Boston, MA

PURPOSE: MATCHING GIFTS TO EDUCATION

$400
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$40,315,179
Earnings-$5,671,383
Net Contributions$1,578,985
Other Expense$926,425
Grants$318,575
Ending Balance$34,977,781

Peer Organizations

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$135,336,667
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$117,316,597
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Deerfield, MA
$87,019,997
Taft School Corporation
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$83,525,324
Northfield Mount Hermon School
Mount Hermon, MA
$64,524,302
Loomis Institute
Windsor, CT
$66,028,387
Noble And Greenough School
Dedham, MA
$55,304,957
Pinkerton Academy
Derry, NH
$52,612,732
Groton School
Groton, MA
$50,710,312
Kent School Corporation
Kent, CT
$52,388,614
Hopkins School Incorporated
New Haven, CT
$44,795,541

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