Clearway School Inc
- Assets
- $1.8m
- Revenue
- $2.8m
- Investments
- $0.0
- Employees
- 25
- Location
- Newton, MA
- Founding
- 11/1975
- Data as of
- 06/2022
- EIN
- 04-2576523
Organization Overview
Clearway School Inc is located in Newton, MA. The organization was established in 1975. According to its NTEE Classification (B28) the organization is classified as: Special Education, under the broad grouping of Education and related organizations. As of 06/2022, Clearway School Inc employed 25 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Clearway 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, Clearway School Inc generated $2.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.8% each year. All expenses for the organization totaled $2.7m during the year ending 06/2022. While expenses have increased by 6.5% 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
TO PROVIDE SPECIALIZED INSTRUCTION TO STUDENTS WITH LEARNING DISABILITIES
Describe the Organization's Program Activity:
Part 3 - Line 4a
SPECIAL EDUCATION PROGRAM - THE PROGRAMS AT CLEARWAY SCHOOL PROVIDE SPECIAL NEEDS EDUCATION TO QUALIFIED STUDENTS THROUGHOUT THE SCHOOL YEAR. DURING THE CURRENT YEAR, 38 STUDENTS ATTENDED.
SUMMER PROGRAM - THE PROGRAMS AT CLEARWAY SCHOOL PROVIDE SPECIAL NEEDS EDUCATION TO QUALIFIED STUDENTS DURING THE SUMMER. DURING THE CURRENT YEAR, 28 STUDENTS ATTENDED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Peter Rosen Co-Director | Officer | 39.5 | $104,299 |
Mary Ryan Co-Director | Officer | 39.5 | $100,364 |
Kerin Dougherty Co-Director | OfficerTrustee | 39.5 | $99,933 |
Rebecca Holloway Co-Director | Officer | 39.5 | $93,864 |
Nick Grant President | OfficerTrustee | 1 | $0 |
Corey Heady Treasurer | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $256,750 |
| All other contributions, gifts, grants, and similar amounts not included above | $96,507 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $353,257 |
| Total Program Service Revenue | $2,404,751 |
| Investment income | $3,316 |
| 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 | $2,765,903 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $506,239 |
| Compensation of current officers, directors, key employees. | $54,020 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,202,938 |
| Pension plan accruals and contributions | $39,599 |
| Other employee benefits | $148,942 |
| Payroll taxes | $126,111 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $14,105 |
| Fees for services: Accounting | $23,422 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $5,080 |
| Advertising and promotion | $0 |
| Office expenses | $55,992 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $283,326 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $22,472 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $89,204 |
| Insurance | $24,077 |
| All other expenses | $0 |
| Total functional expenses | $2,665,173 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $91,197 |
| Savings and temporary cash investments | $653,313 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $175,576 |
| 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 | $32,894 |
| Net Land, buildings, and equipment | $788,162 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $32,970 |
| Total assets | $1,774,112 |
| Accounts payable and accrued expenses | $250,734 |
| Grants payable | $0 |
| Deferred revenue | $2,574 |
| 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 | $531,303 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $784,611 |
| Net assets without donor restrictions | $989,501 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,774,112 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Clearway School Inc has recieved totaling $20,000.
| Awarding Organization | Amount |
|---|---|
Vanguard Charitable Endowment Program Southeastern, PA PURPOSE: FOR RECIPIENT'S EXEMPT PURPOSE | $20,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Variety Child Learning Center Syosset, NY | $8,356,973 | $21,867,725 |
Nashoba Learning Group Inc Bedford, MA | $17,818,775 | $20,934,730 |
The Hagedorn Little Village School Seaford, NY | $17,101,359 | $21,155,572 |
Summit School Upper Nyack, NY | $17,974,431 | $18,614,927 |
Steppingstone Day School Inc Kew Garden Hills, NY | $5,707,568 | $18,884,905 |
Childrens Center Of Hamden Inc Hamden, CT | $5,057,304 | $17,805,585 |
Kennedy Childrens Center New York, NY | $16,208,391 | $17,351,422 |
League School Brooklyn, NY | $8,003,102 | $18,878,930 |
League School Of Greater Boston Inc Walpole, MA | $19,876,889 | $16,713,452 |
Milestones Behavioral Services Inc Orange, CT | $21,061,189 | $19,167,051 |
The Manhattan Childrens Center Inc New York, NY | $11,028,934 | $17,851,466 |
American Federation Of Teachers Yonkers, NY | $7,190,230 | $15,527,584 |