Tenacre Country Day School Corporation
- Assets
- $49.1m
- Revenue
- $11.8m
- Investments
- $239.0k
- Employees
- 169
- Location
- Wellesley, MA
- Founding
- 12/1972
- Data as of
- 06/2022
- EIN
- 04-2506944
Organization Overview
Tenacre Country Day School Corporation, operating under the name Tenacre Country Day School, is located in Wellesley, MA. The organization was established in 1972. According to its NTEE Classification (B21) the organization is classified as: Preschools, under the broad grouping of Education and related organizations. As of 06/2022, Tenacre Country Day School employed 169 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tenacre Country Day School 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, Tenacre Country Day School generated $11.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.6% each year. All expenses for the organization totaled $10.6m during the year ending 06/2022. While expenses have increased by 2.7% 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
TENACRE COUNTRY DAY SCHOOL ("TENACRE") PROVIDES EDUCATIONAL PROGRAMS FOR ELEMENTARY SCHOOL STUDENTS FROM PRE-KINDERGARTEN THROUGH 6TH GRADE. THERE WERE 197 STUDENTS ENROLLED FOR THE 2021-2022 SCHOOL YEAR. TENACRE COUNTRY DAY SCHOOL NUTURES AND CHALLENGES EACH CHILD EVERY DAY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TENACRE COUNTRY DAY SCHOOL PROVIDES EDUCATIONAL PROGRAMS FOR ELEMENTARY SCHOOL STUDENTS FROM PRE-KINDERGARTEN THROUGH 6TH GRADE. THERE WERE 197 STUDENTS ENROLLED DURING THE 2021-2022 SCHOOL YEAR.
TENACRE OPERATES INSTRUCTIONAL SUMMER DAY PROGRAMS FOR ELEMENTARY SCHOOL STUDENTS FROM PRE-KINDERGARTEN THROUGH 6TH GRADE. SUMMER PROGRAMS PROVIDE INSTRUCTION IN ARTS, CRAFTS, MUSIC, SWIMMING, AND OTHER SPORTS AND ACTIVITIES. THERE WERE 669 STUDENTS/CHILDREN ENROLLED THIS YEAR.
TENACRE PROVIDES AFTER SCHOOL PROGRAMS FOR ELEMENTARY SCHOOL STUDENTS FROM PRE-KINDERGARTEN THROUGH 6TH GRADE. AFTER SCHOOL PROGRAMS PROVIDE INSTRUCTION AND DEVELOPMENT TO STUDENTS OUTSIDE THE COURSE OF THE TRADITIONAL SCHOOL DAY. THERE WERE 58 STUDENTS ENROLLED OVER THE COURSE OF 2021-2022 SCHOOL YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
C Jeffrey Grogan President | OfficerTrustee | 5 | $0 |
Michele Norman Chair Of The Board | OfficerTrustee | 1 | $0 |
Warren Cross Jr Treasurer | OfficerTrustee | 1 | $0 |
Kelly Heyworth Clerk | OfficerTrustee | 1 | $0 |
Judith Beswick Trustee | Trustee | 1 | $0 |
Patricia Cadet Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Flik Compass Group Usa Food Service | 6/29/22 | $388,328 |
Facilities Management & Maintenance Cleaning Services | 6/29/22 | $216,855 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,634,961 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,273,298 |
| Noncash contributions included in lines 1a–1f | $15,025 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,908,259 |
| Total Program Service Revenue | $8,761,176 |
| Investment income | $8,233 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $32,518 |
| Net Gain/Loss on Asset Sales | $48,539 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $11,785,867 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $732,391 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $975,987 |
| Compensation of current officers, directors, key employees. | $832,232 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,096,989 |
| Pension plan accruals and contributions | $308,458 |
| Other employee benefits | $1,008,139 |
| Payroll taxes | $334,046 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $7,201 |
| Fees for services: Accounting | $54,507 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $60,414 |
| Fees for services: Other | $165,087 |
| Advertising and promotion | $15,169 |
| Office expenses | $0 |
| Information technology | $218,657 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $22,776 |
| Interest | $80,135 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $684,922 |
| Insurance | $70,100 |
| All other expenses | $30,035 |
| Total functional expenses | $10,564,911 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,199,050 |
| Savings and temporary cash investments | $100,170 |
| Pledges and grants receivable | $18,000 |
| Accounts receivable, net | $7,136,741 |
| 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 | $412,219 |
| Net Land, buildings, and equipment | $14,314,440 |
| Investments—publicly traded securities | $24,705,098 |
| Investments—other securities | $239,000 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $49,124,718 |
| Accounts payable and accrued expenses | $801,604 |
| Grants payable | $0 |
| Deferred revenue | $8,197,945 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,556,761 |
| Total liabilities | $11,556,310 |
| Net assets without donor restrictions | $33,801,694 |
| Net assets with donor restrictions | $3,766,714 |
| 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 | $49,124,718 |