Glen Urquhart School Inc
- Assets
- $13.1m
- Revenue
- $7.6m
- Investments
- $0.0
- Employees
- 109
- Location
- Beverly Farms, MA
- Founding
- 06/1981
- Data as of
- 06/2022
- EIN
- 04-2658251
Organization Overview
Glen Urquhart School Inc is located in Beverly Farms, MA. The organization was established in 1981. According to its NTEE Classification (B24) the organization is classified as: Primary & Elementary Schools, under the broad grouping of Education and related organizations. As of 06/2022, Glen Urquhart School Inc employed 109 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Glen Urquhart 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, Glen Urquhart School Inc generated $7.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.3% each year. All expenses for the organization totaled $6.9m during the year ending 06/2022. While expenses have increased by 0.6% 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
PROVIDING AN ENRICHED EDUCATIONAL PROGRAM FOR STUDENTS IN PRE-K THROUGH EIGHTH GRADE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GLEN URQUHART SCHOOL PROVIDES AN EXCEPTIONAL INDEPENDENT EDUCATION TO 200 BOYS AND GIRLS ENROLLED FROM PRE-K THROUGH EIGHTH GRADE.
OTHER PROGRAM RELATED MISCELLANEOUS INCOME
SUMMER AND AFTER-SCHOOL PROGRAMS: THE EXTENDED DAY PROGRAM PROVIDES ENRICHING, EXTENDED SCHOOL HOURS FOR THOSE CHILDREN WHO ENROLL. CHILDREN MAY CHOOSE TO PLAY ON THE PLAYGROUND, THE BASKETBALL AND FOUR SQUARE COURTS, PLAY PICK UP FOOTBALL OR SOCCER, OR ENGAGE IN IMAGINATIVE PLAY ON THE PLAYGROUND STRUCTURES. INDOORS THEY PLAY BOARD GAMES, DRAW, COOK, DO CRAFTS, READ, OR DO HOMEWORK. STUDENTS MAY ALSO ENROLL IN AFTER SCHOOL ENRICHMENT CLASSES CALLED GUS+. THE TOPICS INCLUDE BALLET, MOVIE MAKING, CHESS, ART CLASSES, SPORTS, YOGA, FENCING, DANCE AND SSAT PREPARATION. THE SUMMER CAMP PROGRAM PROVIDES A VARIETY OF ACTIVITIES THAT INCLUDE DEVISING ADVENTURES, CREATING ARTS AND CRAFTS, EXPLORING OUR NATURAL ENVIRONMENT, ENGAGING IN OUTDOOR GAMES, AND SWIMMING. THEME DAYS AND ALL-CAMP SPECIAL EVENTS ARE BLENDED INTO EACH SESSION TO ADD TO THE FUN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alen Yen President | OfficerTrustee | 3 | $0 |
Jody King Treasurer | OfficerTrustee | 1 | $0 |
Michael Buensuceso Co-Vice President | OfficerTrustee | 1 | $0 |
Lisa Kent Co-Vice President | OfficerTrustee | 2 | $0 |
Tamah French Co-Clerk | OfficerTrustee | 1 | $0 |
Patricia Landgren Co-Clerk | Trustee | 1 | $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 | $367,401 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $367,401 |
| Total Program Service Revenue | $7,059,901 |
| Investment income | $75,365 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $9,959 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $62,677 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,615,451 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,497,460 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $223,021 |
| Compensation of current officers, directors, key employees. | $223,021 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,993,755 |
| Pension plan accruals and contributions | $28,550 |
| Other employee benefits | $304,689 |
| Payroll taxes | $240,541 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,529 |
| Fees for services: Accounting | $23,182 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $37,303 |
| Advertising and promotion | $45,988 |
| Office expenses | $283,496 |
| Information technology | $71,980 |
| Royalties | $0 |
| Occupancy | $318,911 |
| Travel | $191,021 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $120,346 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $315,562 |
| Insurance | $70,923 |
| All other expenses | $0 |
| Total functional expenses | $6,885,684 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $453,054 |
| Savings and temporary cash investments | $2,955,792 |
| Pledges and grants receivable | $9,688 |
| Accounts receivable, net | $20,202 |
| 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 | $49,079 |
| Net Land, buildings, and equipment | $6,113,119 |
| Investments—publicly traded securities | $3,467,181 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $13,068,115 |
| Accounts payable and accrued expenses | $502,088 |
| Grants payable | $0 |
| Deferred revenue | $2,370,010 |
| Tax-exempt bond liabilities | $3,405,858 |
| 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 | $6,277,956 |
| Net assets without donor restrictions | $5,718,659 |
| Net assets with donor restrictions | $1,071,500 |
| 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 | $13,068,115 |