Belmont Day School Inc
- Assets
- $53.9m
- Revenue
- $17.2m
- Investments
- $0.0
- Employees
- 307
- Location
- Belmont, MA
- Founding
- 12/1944
- Data as of
- 06/2022
- EIN
- 04-2108347
Organization Overview
Belmont Day School Inc is located in Belmont, MA. The organization was established in 1944. According to its NTEE Classification (B21) the organization is classified as: Preschools, under the broad grouping of Education and related organizations. As of 06/2022, Belmont Day School Inc employed 307 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Belmont Day 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, Belmont Day School Inc generated $17.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.7% each year. All expenses for the organization totaled $16.6m during the year ending 06/2022. While expenses have increased by 5.4% 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
SEE SCHEDULE O FOR ORGANIZATION'S MISSION STATEMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WINTER SESSION - THE SCHOOL EDUCATES APPROXIMATELY 326 CHILDREN FROM PRE-KINDERGARTEN THROUGH THE EIGHTH GRADE. ITS CURRICULUM INCLUDES READING, WRITING, MATHEMATICS, SCIENCE, ART, MUSIC, FRENCH, LATIN, SPANISH, AND PHYSICAL EDUCATION.
SUMMER SESSION - THE SCHOOL OPERATES A SUMMER SESSION AND SWIM AND TENNIS CLUB DURING THE VARIOUS WEEKS OF THE SUMMER. APPROXIMATELY 950 CHILDREN ATTEND SUMMER SESSION.
THE EXTERNAL PROGRAMS PROVIDE CHILDREN WITH A SAFE, STRUCTURED ENVIRONMENT AFTER THE SCHOOL DAY, WITH PROGRAMS THAT SUPPORT AND CHALLENGE THE INTELLECTUAL, SOCIAL, EMOTIONAL, CREATIVE AND PHYSICAL GROWTH OF EACH CHILD. DUE TO COVID IN FY22, PROGRAMS WERE LIMITED WITH 122 CHILDREN PARTICIPATING. IN ADDITION, 37 CHILDREN PARTICIPATED IN ONE VACATION CAMP IN APRIL. NO CONFERENCE DAY CAMPS WERE OFFERED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brendan Largay Head Of School | OfficerTrustee | 40 | $359,521 |
Frederick Colson III Director Of Finance | Officer | 40 | $149,452 |
Deborah Brissenden Assistant Head Of School | 40 | $146,243 | |
Patricia Fernandez Director Of Development | 40 | $137,093 | |
Dorothy Ryan Director Of Technology | 40 | $121,880 | |
Elizabeth Parfit Director Of Admissions | 40 | $119,975 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Imperial Building Maintenance Inc Cleaning Services | 6/29/22 | $154,091 |
Sysco Boston Llc Food Distribution Services | 6/29/22 | $137,379 |
Doherty's Garage Inc Student Transportation | 6/29/22 | $180,488 |
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 | $1,249,853 |
| Noncash contributions included in lines 1a–1f | $28,167 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,249,853 |
| Total Program Service Revenue | $15,270,196 |
| Investment income | $272,588 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $17,280 |
| Net Gain/Loss on Asset Sales | $368,150 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $17,214,948 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $2,272,322 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $554,627 |
| Compensation of current officers, directors, key employees. | $499,105 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $7,423,486 |
| Pension plan accruals and contributions | $342,816 |
| Other employee benefits | $841,476 |
| Payroll taxes | $592,862 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $80,895 |
| Fees for services: Accounting | $55,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $25,000 |
| Fees for services: Investment Management | $23,755 |
| Fees for services: Other | $220,852 |
| Advertising and promotion | $119,032 |
| Office expenses | $667,065 |
| Information technology | $160,304 |
| Royalties | $0 |
| Occupancy | $693,442 |
| Travel | $212,663 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $92,458 |
| Interest | $239,989 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,260,219 |
| Insurance | $160,229 |
| All other expenses | $68,203 |
| Total functional expenses | $16,639,157 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,918,106 |
| Savings and temporary cash investments | $1,712,089 |
| Pledges and grants receivable | $387,980 |
| Accounts receivable, net | $8,956,822 |
| 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 | $378,684 |
| Net Land, buildings, and equipment | $27,571,615 |
| Investments—publicly traded securities | $10,946,443 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $53,871,739 |
| Accounts payable and accrued expenses | $1,509,819 |
| Grants payable | $0 |
| Deferred revenue | $14,129,553 |
| Tax-exempt bond liabilities | $9,572,968 |
| 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 | $25,212,340 |
| Net assets without donor restrictions | $21,989,223 |
| Net assets with donor restrictions | $6,670,176 |
| 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 | $53,871,739 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Belmont Day School Inc has recieved totaling $300.
| Awarding Organization | Amount |
|---|---|
Noboru Murakami And Hiroko Murakami Foundation Gilford, NH PURPOSE: EDUCATIONAL | $300 |
Endowment Analysis
| Beg. Balance | $14,358,653 |
| Earnings | -$1,757,865 |
| Net Contributions | $684,777 |
| Other Expense | $2,446,559 |
| Grants | $30,718 |
| Ending Balance | $10,808,288 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Mary C Wheeler School Inc Providence, RI | $133,927,323 | $44,419,701 |
Alliance For Community Empowerment Inc Bridgeport, CT | $16,278,594 | $27,495,341 |
Scus Head Start Programs Inc Fairfield, CT | $3,729,940 | $22,684,143 |
Child Development Center Of The Mosholu-Montefiore Community Ctr Bronx, NY | $19,183,029 | $23,759,711 |
L I Child And Family Development Services Inc Patchogue, NY | $8,673,836 | $20,972,293 |
Jumpstart For Young Children Inc Boston, MA | $20,704,200 | $25,715,901 |
Holyoke Chicopee Springfield Head Start Inc Springfield, MA | $4,876,659 | $18,197,572 |
Belmont Day School Inc Belmont, MA | $53,871,739 | $17,214,948 |
The Kingsley Montessori School Inc Boston, MA | $12,852,129 | $12,365,430 |
Waldorf School Of Garden City Garden City, NY | $13,682,215 | $13,601,476 |
Nashoba Brooks School Of Concord Concord, MA | $34,636,415 | $10,867,224 |
Chestnut Hill School Chestnut Hill, MA | $33,385,087 | $15,409,802 |