The Bement School Inc
- Assets
- $24.1m
- Revenue
- $10.3m
- Investments
- $0.0
- Employees
- 119
- Location
- Deerfield, MA
- Founding
- 12/1958
- Data as of
- 06/2023
- EIN
- 04-2234135
Organization Overview
The Bement School Inc is located in Deerfield, MA. The organization was established in 1958. According to its NTEE Classification (B20) the organization is classified as: Elementary & Secondary Schools, under the broad grouping of Education and related organizations. As of 06/2023, Bement School Inc employed 119 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bement 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, Bement School Inc generated $10.3m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 1.7% each year. All expenses for the organization totaled $10.2m during the year ending 06/2023. While expenses have increased by 3.3% per year over the past 5 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
THE BEMENT SCHOOL PROVIDES AN EDUCATION BASED ON TIME-HONORED SCHOOL TRADITIONS AND VALUES FOR CHILDREN IN KINDERGARTEN THROUGH NINTH GRADE, DAY AND BOARDING. FROM THE CLASSROOMS TO THE DORMS, WE LIVE AND LEARN AS A FAMILY, WHILE ENCOURAGING RESPONSIBILITY FOR OUR OWN WORK AND ACTIONS. BEMENT ACTIVELY SEEKS AN ACADEMICALLY DIVERSE, INTERNATIONAL, AND MULTICULTURAL STUDENT BODY. STUDENTS AND ADULTS AT BEMENT WORK TOGETHER TO CREATE A CLIMATE OF ACCEPTANCE, KINDNESS AND CHALLENGE WHICH NURTURES EACH CHILD INTELLECTUALLY, CREATIVELY, PHYSICALLY, AND EMOTIONALLY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PRIVATE EDUCATIONAL FACILITY FOR CHILDREN IN GRADES KINDERGARTENTHROUGH NINTH GRADE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bob Howe Vice President | OfficerTrustee | 2 | $0 |
Kimberly Butz President | OfficerTrustee | 2 | $0 |
Brian Pearson Treasurer | OfficerTrustee | 2 | $0 |
Lisa Peddar Secretary | OfficerTrustee | 2 | $0 |
Wayne Wilkey Trustee | Trustee | 2 | $0 |
Raymond Chen Trustee | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $263,097 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,647,744 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,910,841 |
| Total Program Service Revenue | $8,393,523 |
| Investment income | $284,950 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$265,142 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $10,335,666 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,236,914 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $255,693 |
| Compensation of current officers, directors, key employees. | $255,693 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,303,121 |
| Pension plan accruals and contributions | $151,925 |
| Other employee benefits | $380,075 |
| Payroll taxes | $364,991 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $26,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $29,351 |
| Advertising and promotion | $208,970 |
| Office expenses | $105,420 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $958,442 |
| Travel | $78,334 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $51,701 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $618,449 |
| Insurance | $71,195 |
| All other expenses | $422,955 |
| Total functional expenses | $10,179,298 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $10,000 |
| Savings and temporary cash investments | $3,324,859 |
| Pledges and grants receivable | $40,786 |
| Accounts receivable, net | $4,154 |
| 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 | $103,029 |
| Net Land, buildings, and equipment | $9,523,791 |
| Investments—publicly traded securities | $11,119,102 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $24,125,721 |
| Accounts payable and accrued expenses | $464,740 |
| Grants payable | $0 |
| Deferred revenue | $216,683 |
| 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 | $1,130,343 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $3,112,142 |
| Total liabilities | $4,923,908 |
| Net assets without donor restrictions | $13,462,850 |
| Net assets with donor restrictions | $5,738,963 |
| 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 | $24,125,721 |