The Bement School Inc
- Assets
- $22.9m
- Revenue
- $9.0m
- Investments
- $0.0
- Employees
- 117
- Location
- Deerfield, MA
- Founding
- 12/1958
- Data as of
- 06/2022
- 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 06/2022, Bement School Inc employed 117 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 06/2022, Bement School Inc generated $9.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.1% each year. All expenses for the organization totaled $9.1m during the year ending 06/2022. While expenses have increased by 4.5% 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
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 |
|---|---|---|---|
Michael Schloat Head Of School | OfficerTrustee | 40 | $230,240 |
Kimberly Loughlin Director Of Admission/asst | 40 | $116,264 | |
Bob Howe Vice President | OfficerTrustee | 2 | $0 |
Brian Pearson Treasurer | OfficerTrustee | 2 | $0 |
Kimberly Butz President | OfficerTrustee | 2 | $0 |
Lisa Peddar Secretary | OfficerTrustee | 2 | $0 |
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 | $1,211,668 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,211,668 |
| Total Program Service Revenue | $7,094,419 |
| Investment income | $191,819 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $465,256 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,963,162 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $990,342 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $242,279 |
| Compensation of current officers, directors, key employees. | $242,279 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,698,583 |
| Pension plan accruals and contributions | $126,789 |
| Other employee benefits | $437,834 |
| Payroll taxes | $300,377 |
| 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 | $87,874 |
| Advertising and promotion | $184,973 |
| Office expenses | $122,702 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $839,056 |
| Travel | $12,210 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $53,453 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $582,752 |
| Insurance | $102,672 |
| All other expenses | $426,085 |
| Total functional expenses | $9,071,886 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $10,000 |
| Savings and temporary cash investments | $3,563,206 |
| Pledges and grants receivable | $26,410 |
| Accounts receivable, net | $12,038 |
| 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 | $79,330 |
| Net Land, buildings, and equipment | $9,627,025 |
| Investments—publicly traded securities | $9,622,281 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $22,940,290 |
| Accounts payable and accrued expenses | $420,374 |
| Grants payable | $0 |
| Deferred revenue | $78,116 |
| 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 | $1,177,022 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $3,031,062 |
| Total liabilities | $4,706,574 |
| Net assets without donor restrictions | $13,221,450 |
| Net assets with donor restrictions | $5,012,266 |
| 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 | $22,940,290 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that The Bement School Inc has recieved totaling $122,458.
| Awarding Organization | Amount |
|---|---|
Pew Charitable Trusts Washington, DC PURPOSE: Matching Gift | $52,250 |
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $46,650 |
Perry V Haines Foundation Sioux City, IA PURPOSE: GENERAL PURPOSES OF RECIPIENT | $10,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $7,923 |
Edna & Monroe C Gutman Foundation Inc New York, NY PURPOSE: GENERAL EDUCATIONAL PURPOSES | $5,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $385 |
Endowment Analysis
| Beg. Balance | $11,480,039 |
| Earnings | -$1,390,945 |
| Admin Expense | $415,000 |
| Net Contributions | $79,741 |
| Other Expense | $35,552 |
| Ending Balance | $9,718,283 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Albany Academy Albany, NY | $58,726,077 | $27,181,105 |
Cambridge School Of Weston Inc Weston, MA | $57,046,494 | $20,616,161 |
Nichols School Of Buffalo Buffalo, NY | $102,003,479 | $42,213,694 |
Yeshiva Shaare Torah Inc Brooklyn, NY | $32,363,623 | $20,724,747 |
Ideal School Of Manhattan New York, NY | $22,538,816 | $19,239,739 |
Harvey School Katonah, NY | $30,358,551 | $19,988,341 |
Lincoln School Providence, RI | $36,052,997 | $18,197,199 |
The Harley School Rochester, NY | $36,830,266 | $16,619,746 |
Quad Preparatory School New York, NY | $14,717,917 | $18,563,667 |
Amber Charter School New York, NY | $18,229,334 | $20,911,182 |
Green Vale School Old Brookville, NY | $64,002,052 | $17,567,329 |
Winchendon School Inc Winchendon, MA | $68,621,046 | $15,557,946 |