Commonwealth School Inc
- Assets
- $37.1m
- Revenue
- $11.1m
- Investments
- $0.0
- Employees
- 72
- Location
- Boston, MA
- Founding
- 11/1960
- Data as of
- 06/2021
- 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 06/2021, Commonwealth School Inc employed 72 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 06/2021, Commonwealth School Inc generated $11.1m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 5.8% each year. All expenses for the organization totaled $9.2m during the year ending 06/2021. While expenses have increased by 2.9% 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
SECONDARY SCHOOL EDUCATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATIONAL INSTITUTION - HIGH SCHOOL (GRADES 9-12) STUDENT ENROLLMENT = 133
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 |
|---|---|---|---|
William Warton Headmaster | Officer | 40 | $273,243 |
Max Kohlenberg Clerk | OfficerTrustee | 2 | $0 |
John Dowd Treasurer | OfficerTrustee | 2 | $0 |
Therese Hendricks Chairperson | OfficerTrustee | 2 | $0 |
Julia Hewitt Holloway Trustee | OfficerTrustee | 2 | $0 |
Stuart Brown Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $74,517 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,125,288 |
| Noncash contributions included in lines 1a–1f | $476,913 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,199,805 |
| Total Program Service Revenue | $6,777,443 |
| Investment income | $185,520 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $919,491 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $11,096,073 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,542,918 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $273,243 |
| Compensation of current officers, directors, key employees. | $87,220 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,199,322 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $840,799 |
| Payroll taxes | $312,107 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $43,750 |
| Fees for services: Accounting | $42,667 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $40,515 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $3,224 |
| Information technology | $158,411 |
| Royalties | $0 |
| Occupancy | $146,851 |
| 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 | $393,791 |
| Insurance | $16,326 |
| All other expenses | $398,803 |
| Total functional expenses | $9,179,976 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $150 |
| Savings and temporary cash investments | $4,745,169 |
| Pledges and grants receivable | $1,720,546 |
| Accounts receivable, net | $71,434 |
| Loans from Officers, Directors, or Controlling Persons | $211,121 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $50,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $68,302 |
| Net Land, buildings, and equipment | $9,510,295 |
| Investments—publicly traded securities | $20,759,168 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $37,136,185 |
| Accounts payable and accrued expenses | $778,268 |
| Grants payable | $0 |
| Deferred revenue | $1,101,709 |
| 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 | $30,811 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $289,150 |
| Total liabilities | $2,199,938 |
| Net assets without donor restrictions | $22,516,551 |
| Net assets with donor restrictions | $12,419,696 |
| 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 | $37,136,185 |
Grants Recieved
Over the last fiscal year, we have identified 19 grants that Commonwealth School Inc has recieved totaling $1,035,177.
| Awarding Organization | Amount |
|---|---|
The Pritzker Pucker Family Foundation Chicago, IL PURPOSE: GENERAL OPERATING SUPPORT | $365,000 |
Goldman Sachs Philanthropy Fund New York, NY PURPOSE: EDUCATION | $220,000 |
Hellen Ingram Plummer Charitable Foundation Inc Pennington, NJ PURPOSE: UNRESTRICTED GENERAL | $136,960 |
Longtine Charitable Foundation Tr 2001 Chestnut Hill, MA PURPOSE: CONTRIBUTION | $120,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $43,600 |
Fiduciary Charitable Foundation Boston, MA PURPOSE: DONATIONS | $30,017 |
Endowment Analysis
| Beg. Balance | $8,506,100 |
| Earnings | $811,520 |
| Net Contributions | $50,000 |
| Other Expense | $811,520 |
| Ending Balance | $8,556,100 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Central Catholic High School Inc Lawrence, MA | $53,774,234 | $20,404,394 |
Yeshiva University High Schools New York, NY | $22,674,721 | $20,464,649 |
Bancroft School Worcester, MA | $41,590,208 | $15,668,076 |
Woodstock Academy Woodstock, CT | $31,824,143 | $19,974,211 |
Derryfield School Manchester, NH | $44,949,554 | $20,323,202 |
Miss Halls School Inc Pittsfield, MA | $50,566,747 | $21,121,476 |
Tilton School Tilton, NH | $51,782,047 | $28,426,192 |
Rectory School Inc Pomfret, CT | $61,030,805 | $27,484,393 |
Westover School Inc Middlebury, CT | $114,183,779 | $14,889,393 |
Putney School Inc Putney, VT | $65,148,933 | $24,861,480 |
Ridgefield Academy Inc Ridgefield, CT | $32,737,443 | $17,017,349 |
Keio Academy Of New York Purchase, NY | $60,256,729 | $12,685,966 |