Pingree School Inc
- Assets
- $56.4m
- Revenue
- $24.5m
- Investments
- $51.0k
- Employees
- 226
- Location
- South Hamilton, MA
- Founding
- 06/1963
- Data as of
- 06/2021
- EIN
- 04-2279977
Organization Overview
Pingree School Inc is located in South Hamilton, MA. The organization was established in 1963. 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 06/2022, Pingree School Inc employed 226 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Pingree 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, Pingree School Inc generated $24.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.4% each year. All expenses for the organization totaled $22.8m during the year ending 06/2021. While expenses have increased by 3.3% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
PINGREE EMPOWERS EVERY COMMUNITY MEMBER TO PURSUE KNOWLEDGE WITH COURAGE AND IMAGINATION, THRIVE IN JOY AND CHALLENGE, AND CREATE A MORE JUST AND EQUITABLE WORLD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATIONAL PROGRAM - TO PROVIDE A HIGH QUALITY, FOUR YEAR, CO-EDUCATIONAL EXPERIENCE FOR DAY STUDENTS IN GRADES 9 THROUGH 12. THERE ARE APPROXIMATELY 384 STUDENTS.
AUXILIARY PROGRAMS - DESIGNED TO ATTRACT POTENTIAL STUDENTS AND FAMILIES TO THE SCHOOL. THE SCHOOL RENTS ITS ICE RINK, RUNS A SUMMER CAMP AND OTHER SPECIALIZED PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Kellogg III President, Board Of Trustees | OfficerTrustee | 5 | $0 |
Stephanie Morgan Patton Secretary, Board Of Trustees | OfficerTrustee | 5 | $0 |
Courtney Kagan Vice President, Board Of Trustees | OfficerTrustee | 5 | $0 |
Mark Landgren Trustee | Trustee | 5 | $0 |
Ivy George Trustee | Trustee | 5 | $0 |
Kim Guerster Trustee | Trustee | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Windover Construction Construction Management | 6/29/22 | $1,334,444 |
Sodexo Inc & Affiliates Food Service | 6/29/22 | $701,862 |
Ug2 Llc Facility Services | 6/29/22 | $413,711 |
Compass Facility Services Inc Cleaning Services | 6/29/22 | $359,831 |
Salter Transportation Inc Transporation | 6/29/22 | $291,826 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,175,145 |
| Investment income | $336,055 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$149,425 |
| Net Gain/Loss on Asset Sales | $1,201,194 |
| Net Income from Fundraising Events | -$2,400 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $19,896 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $24,537,877 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $4,478,850 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $690,293 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $8,266,621 |
| Pension plan accruals and contributions | $588,756 |
| Other employee benefits | $1,516,490 |
| Payroll taxes | $614,487 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $13,003 |
| Fees for services: Accounting | $55,375 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $42,258 |
| Fees for services: Other | $444,240 |
| Advertising and promotion | $126,172 |
| Office expenses | $172,406 |
| Information technology | $325,440 |
| Royalties | $0 |
| Occupancy | $1,268,981 |
| Travel | $26,978 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $135,819 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,497,831 |
| Insurance | $172,091 |
| All other expenses | $0 |
| Total functional expenses | $22,836,148 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,956,179 |
| Savings and temporary cash investments | $3,092,131 |
| Pledges and grants receivable | $328,527 |
| Accounts receivable, net | $74,908 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $46,667 |
| Prepaid expenses and deferred charges | $450,312 |
| Investments—publicly traded securities | $19,835,622 |
| Investments—other securities | $50,989 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $71,060 |
| Total assets | $56,393,976 |
| Accounts payable and accrued expenses | $1,000,957 |
| Grants payable | $0 |
| Deferred revenue | $2,272,845 |
| Tax-exempt bond liabilities | $5,558,353 |
| 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 | $0 |
| Total liabilities | $8,832,155 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $47,561,821 |