Carroll School Corp
- Assets
- $76.5m
- Revenue
- $32.9m
- Investments
- $0.0
- Employees
- 278
- Location
- Lincoln, MA
- Founding
- 06/1956
- Data as of
- 06/2021
- EIN
- 04-2145258
Organization Overview
Carroll School Corp is located in Lincoln, MA. The organization was established in 1956. According to its NTEE Classification (B28) the organization is classified as: Special Education, under the broad grouping of Education and related organizations. As of 06/2021, Carroll School Corp employed 278 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Carroll School Corp 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, Carroll School Corp generated $32.9m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.7% each year. All expenses for the organization totaled $27.2m during the year ending 06/2021. While expenses have increased by 3.7% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
CARROLL SCHOOL EMPOWERS CHILDREN WITH LANGUAGE-BASED LEARNING DIFFERENCES, SUCH AS DYSLEXIA, TO BECOME ACADEMICALLY SKILLED STUDENTS WHO ARE STRONG SELF-ADVOCATES AND CONFIDENT LIFELONG LEARNERS. CARROLL IS AN INCLUSIVE COMMUNITY COMMITTED TO EMBRACING DIVERSE STRENGTHS, IDENTITIES, AND LIVED EXPERIENCES IN ORDER TO GIVE EACH CHILD WHAT THEY MOST NEED TO THRIVE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DAY SCHOOL FOR DYSLEXIC CHILDREN SERVING APPROXIMATELY 436 STUDENTS.
SUMMER PROGRAM FOR DYSLEXIC CHILDREN SERVING APPROXIMATELY 185 STUDENTS.
OTHER PROGRAM SERVICES - GARSIDE INSTITUE FOR TEACHER TRAINING (GIFTT) PROGRAMS, MASTERS PROGRAM, AND MATH & TEACHER WORKSHOPS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steve Wilkins Head Of School | Officer | 40 | $362,446 |
Judi Seldin Assistant Head Of School | Officer | 40 | $224,232 |
Jennifer Brock Head Of Product/cog. Inter | 40 | $153,220 | |
Deborah Mccarthy CFO | Officer | 40 | $131,748 |
Susan Kingman Lower School Div. Head | 40 | $128,375 | |
Naomi Hitchcock Director Of Development | 40 | $123,911 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ce Floyd Company Inc Contract & Construct | 6/29/21 | $255,156 |
Complete Industrial Cleaning Inc Cleaning Service | 6/29/21 | $159,978 |
Z Data Inc It Service Management | 6/29/21 | $106,935 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,453,690 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,309,201 |
| Noncash contributions included in lines 1a–1f | $200,555 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,762,891 |
| Total Program Service Revenue | $24,982,849 |
| Investment income | $997,948 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,064,140 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $32,903,152 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $3,164,888 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $877,629 |
| Compensation of current officers, directors, key employees. | $557,216 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $14,051,591 |
| Pension plan accruals and contributions | $551,417 |
| Other employee benefits | $2,223,764 |
| Payroll taxes | $1,075,297 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $460,617 |
| Fees for services: Accounting | $61,671 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $2,010,826 |
| Travel | $0 |
| 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 | $1,301,579 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $27,161,843 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,287,700 |
| Savings and temporary cash investments | $1,394,604 |
| Pledges and grants receivable | $1,868,266 |
| Accounts receivable, net | $33,239 |
| 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 | $395,295 |
| Net Land, buildings, and equipment | $31,223,463 |
| Investments—publicly traded securities | $35,893,923 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $423,978 |
| Total assets | $76,520,468 |
| Accounts payable and accrued expenses | $603,388 |
| Grants payable | $0 |
| Deferred revenue | $11,355,421 |
| 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 | $0 |
| Other liabilities | $387,670 |
| Total liabilities | $12,346,479 |
| Net assets without donor restrictions | $43,485,573 |
| Net assets with donor restrictions | $20,688,416 |
| 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 | $76,520,468 |
Grants Recieved
Over the last fiscal year, we have identified 24 grants that Carroll School Corp has recieved totaling $1,263,074.
| Awarding Organization | Amount |
|---|---|
Fidelity Foundation Boston, MA PURPOSE: INSTITUTIONAL CAPACITY | $500,000 |
Pdb Foundation Cambridge, MA PURPOSE: EDUCATION | $310,000 |
Landry Family Foundation Boston, MA PURPOSE: EXEMPT PURPOSE | $140,000 |
Tower Family Fund Inc Buffalo, NY PURPOSE: GENERAL SUPPORT/ENDOWMENT/FINANCIAL AID | $100,000 |
Rowe Family Foundation Wilmington, DE PURPOSE: PROGRAM FOR TEACHERS OF COLOR IN THE ANGELA WILKINS PROGRAM OF GRADUATE STUDIES IN EDUCATION AT CARROLL SCHOOL | $50,000 |
Hunt Street Fund Inc Needham, MA PURPOSE: CHARITABLE CONTRIBUTION UNRESTRICTED | $45,000 |
Endowment Analysis
| Beg. Balance | $18,077,512 |
| Earnings | $5,532,416 |
| Net Contributions | $12,581,325 |
| Other Expense | $685,000 |
| Ending Balance | $35,506,253 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Judge Rotenberg Educational Center Inc Canton, MA | $44,183,993 | $90,766,696 |
Perkins School For The Blind Watertown, MA | $459,820,688 | $83,698,194 |
The Windward School White Plains, NY | $180,402,224 | $74,362,935 |
Hillcrest Educational Centers Inc Pittsfield, MA | $31,700,149 | $41,848,314 |
Landmark School Inc Prides Crossing, MA | $81,242,185 | $45,882,089 |
Mary Cariola Childrens Center Inc Rochester, NY | $32,501,953 | $38,497,065 |
Winston Preparatory School New York, NY | $56,916,189 | $37,261,516 |
American School For The Deaf West Hartford, CT | $58,629,293 | $44,148,151 |
Eden Ii School For Autistic Childern Inc Staten Island, NY | $32,260,171 | $32,379,334 |
New York Institute For Special Education Bronx, NY | $182,971,152 | $45,507,452 |
Boston Higashi School Inc Randolph, MA | $25,103,107 | $28,530,069 |
Stephen Gaynor School New York, NY | $123,265,362 | $36,695,130 |