Margaret Gifford School Inc
- Assets
- $7.2m
- Revenue
- $8.1m
- Investments
- $628.8k
- Employees
- 101
- Location
- Weston, MA
- Founding
- 08/1965
- Data as of
- 06/2023
- EIN
- 04-2381515
Organization Overview
Margaret Gifford School Inc is located in Weston, MA. The organization was established in 1965. According to its NTEE Classification (B28) the organization is classified as: Special Education, under the broad grouping of Education and related organizations. As of 06/2023, Margaret Gifford School Inc employed 101 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Margaret Gifford 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, Margaret Gifford School Inc generated $8.1m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.4% each year. All expenses for the organization totaled $8.2m during the year ending 06/2023. While expenses have increased by 2.6% 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
THE GIFFORD SCHOOL IS A PRIVATE, NONPROFIT ORGANIZATION THAT PROVIDES EDUCATIONAL AND CLINICAL SERVICES FOR STUDENTS WITH SPECIAL ACADEMIC, BEHAVIORAL AND EMOTIONAL NEEDS. THE SCHOOL IS COMMITTED TO HELPING STUDENTS INCREASE THEIR SELF-ESTEEM, GAIN ACADEMIC KNOWLEDGE, DEVELOP SOCIAL SKILLS AND ACHIEVE SUCCESS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CHAPTER 766 SCHOOL PROVIDING EDUCATION FOR APPROXIMATELY 95 STUDENTS WITH SPECIAL EDUCATIONAL NEEDS.
SUMMER PROGRAM PROVIDING SERVICES FOR 80 STUDENTS WITH SPECIAL EDUCATIONAL NEEDS DURING JULY AND AUGUST.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Martin Leinwand President And Director | OfficerTrustee | 1 | $0 |
Paul Evangelista Treasurer And Director | OfficerTrustee | 1 | $0 |
Ellen Michelman Secretary And Director | OfficerTrustee | 1 | $0 |
Martha Mccahill Cowden Director | Trustee | 1 | $0 |
Margaret Manion Director | Trustee | 1 | $0 |
Kenneth Coleman Asst. Treasurer And Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $971,716 |
| All other contributions, gifts, grants, and similar amounts not included above | $43,924 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,015,640 |
| Total Program Service Revenue | $7,095,143 |
| Investment income | $22,160 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,133,080 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $14,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $241,088 |
| Compensation of current officers, directors, key employees. | $241,088 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,165,429 |
| Pension plan accruals and contributions | $284,507 |
| Other employee benefits | $323,652 |
| Payroll taxes | $451,112 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $67,874 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $93,334 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $622,432 |
| Travel | $36,719 |
| 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 | $333,792 |
| Insurance | $9,971 |
| All other expenses | $49,159 |
| Total functional expenses | $8,181,409 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $800 |
| Savings and temporary cash investments | $1,938,825 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $196,617 |
| 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 | $19,127 |
| Net Land, buildings, and equipment | $4,446,272 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $628,828 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $7,230,469 |
| Accounts payable and accrued expenses | $351,695 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $259,389 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $15,000 |
| Total liabilities | $626,084 |
| Net assets without donor restrictions | $6,565,398 |
| Net assets with donor restrictions | $38,987 |
| 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 | $7,230,469 |