Commonwealth School Inc
- Assets
- $37.4m
- Revenue
- $18.8m
- Investments
- $0.0
- Employees
- 85
- Location
- Boston, MA
- Founding
- 11/1960
- Data as of
- 06/2023
- EIN
- 04-2228167
Organization Overview
Commonwealth School Inc is located in Boston, MA. The organization was established in 1960. 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 06/2023, Commonwealth School Inc employed 85 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Commonwealth 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 06/2023, Commonwealth School Inc generated $18.8m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 11.5% each year . All expenses for the organization totaled $9.8m during the year ending 06/2023. While expenses have increased by 3.0% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
SECONDARY SCHOOL EDUCATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATIONAL INSTITUTION - HIGH SCHOOL (GRADES 9-12) STUDENT ENROLLMENT = 153
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Therese Hendricks Chairperson | OfficerTrustee | 2 | $0 |
John Dowd Treasurer | OfficerTrustee | 2 | $0 |
Sharon Yamamoto Clerk | OfficerTrustee | 2 | $0 |
Stuart Brown Trustee | Trustee | 1 | $0 |
Frederick Ewald Trustee | Trustee | 1 | $0 |
Charles Fried Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Flik Hospitality Food Services | 6/29/23 | $419,455 |
Compass Facility Services Facilities Management | 6/29/23 | $223,473 |
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 | $2,082,183 |
| Noncash contributions included in lines 1a–1f | $385,014 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,082,183 |
| Total Program Service Revenue | $8,066,642 |
| Investment income | $470,324 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $8,093,798 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $18,809,590 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,276,268 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,944,854 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $796,417 |
| Payroll taxes | $337,568 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $9,588 |
| Fees for services: Accounting | $49,508 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $39,564 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $237,703 |
| Royalties | $0 |
| Occupancy | $201,650 |
| Travel | $131,017 |
| 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 | $338,355 |
| Insurance | $55,138 |
| All other expenses | $182,774 |
| Total functional expenses | $9,769,358 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $300 |
| Savings and temporary cash investments | $7,969,443 |
| Pledges and grants receivable | $1,307,211 |
| Accounts receivable, net | $48,274 |
| 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 | $173,845 |
| Net Land, buildings, and equipment | $8,877,061 |
| Investments—publicly traded securities | $18,861,295 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $133,000 |
| Total assets | $37,370,429 |
| Accounts payable and accrued expenses | $671,122 |
| Grants payable | $0 |
| Deferred revenue | $1,543,476 |
| 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 | $133,152 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $329,550 |
| Total liabilities | $2,677,300 |
| Net assets without donor restrictions | $23,141,399 |
| Net assets with donor restrictions | $11,551,730 |
| 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 | $37,370,429 |