Academy At Charlemont
- Assets
- $2.7m
- Revenue
- $2.3m
- Investments
- $0.0
- Employees
- 42
- Location
- Charlemont, MA
- Founding
- 10/1982
- Data as of
- 06/2021
- EIN
- 04-2724993
Organization Overview
Academy At Charlemont is located in Charlemont, MA. The organization was established in 1982. 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 06/2021, Academy At Charlemont employed 42 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Academy At Charlemont 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, Academy At Charlemont generated $2.3m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (1.0%) each year. All expenses for the organization totaled $2.3m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (2.2%) per year over the past 6 years. 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
NURTURES CREATIVITY, INDEPENDENT THINKING AND EMPATHY SO THAT OUR STUDENTS BECOME THEIR BEST SELVES
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE OTHE ACADEMY IS A PUBLIC-SPIRITED INDEPENDENT SCHOOL THAT COMBINES THE BEST OF THE CLASSICAL ACADEMIC TRADITION WITH A VISIBLE COMMITMENT TO BUILDING AND SUSTAINING COMMUNITY.WE BELIEVES THAT THE ACADEMIC, LIBERAL ARTS TRADITION IS A CHALLENGING, INTELLECTUALLY STIMULATING GROUND ON WHICH YOUNG PEOPLE CAN BOTH LEARN TO USE THEIR MINDS WELL, AND FURNISH THOSE MINDS WITH THE KIND OF BROAD, BASIC KNOWLEDGE NEEDED TO SUCCEED IN COLLEGE AND AS CITIZENS OF THE WORLD.WE BELIEVE IN EMPHASIZING CONNECTIONS AMONG THE ACADEMIC DISCIPLINES BECAUSE REAL WORLD CHALLENGES REQUIRE CITIZENS TO THINK BEYOND THE DISCRETE BOUNDARIES OF ACADEMIC DISCIPLINES, TO LOOK AT THINGS FROM MANY DIFFERENT ANGLES.WE BELIEVE THAT A SCHOOL COMMUNITY BASED ON THE VALUES OF SELF-RELIANCE, INDUSTRY, INTEGRITY, AND COMPASSION ENCOURAGES THE DEVELOPMENT OF INTELLECTUAL AND SOCIAL STANDARDS THAT REFLECT THOSE VALUES.WE BELIEVE THAT AFFIRMING THE UNIQUENESS OF EACH INDIVIDUAL AND AT THE SAME TIME INSISTING THAT INDIVIDUALS SUBSCRIBE TO A SET OF COMMONLY HELD STANDARDS CIVILITY, RESPECT, CONCERN FOR OTHERS PRODUCES A HEALTHY TENSION THAT HELPS STUDENTS LEARN, GROW, AND BECOME PRODUCTIVE CITIZENS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Schatz Associate Head Of School | Trustee | 40 | $82,375 |
Nora Bates - Zale Associate Head Of School | Trustee | 40 | $66,653 |
Sabine Mauri Faculty Representative | Trustee | 40 | $46,781 |
Elizabeth Slowinski Vice Chair | OfficerTrustee | 1 | $0 |
Jaka Saarony Treasurer | OfficerTrustee | 2 | $0 |
Paul Catanzaro Clerk, Assistant Treasurer | OfficerTrustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $195,922 |
| All other contributions, gifts, grants, and similar amounts not included above | $356,290 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $552,212 |
| Total Program Service Revenue | $1,790,135 |
| Investment income | $703 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$1,825 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,345,015 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $794,611 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $983,196 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $45,185 |
| Payroll taxes | $91,639 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $18,300 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $750 |
| Advertising and promotion | $23,864 |
| Office expenses | $39,023 |
| Information technology | $7,687 |
| Royalties | $0 |
| Occupancy | $49,085 |
| Travel | $72,348 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $21,744 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $85,309 |
| Insurance | $23,431 |
| All other expenses | $0 |
| Total functional expenses | $2,339,818 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $786,960 |
| Savings and temporary cash investments | $377,161 |
| Pledges and grants receivable | $155 |
| Accounts receivable, net | $16,978 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $15,333 |
| Net Land, buildings, and equipment | $1,536,723 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,734,310 |
| Accounts payable and accrued expenses | $109,508 |
| Grants payable | $0 |
| Deferred revenue | $377,742 |
| 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 | $548,150 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $219,443 |
| Total liabilities | $1,254,843 |
| Net assets without donor restrictions | $1,133,491 |
| Net assets with donor restrictions | $345,976 |
| 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 | $2,734,310 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that Academy At Charlemont has recieved totaling $34,590.
| Awarding Organization | Amount |
|---|---|
Theodore R & Vivian M Johnson Scholarship Foundation Inc West Palm Beach, FL PURPOSE: EDUCATIONAL GRANT | $22,500 |
T Backer Fund Inc Lexington, MA PURPOSE: GENERAL CHARITABLE PURPOSES | $10,000 |
John N Conyngham And Lou Cconyngham Family Charitable Foundat Hope Valley, RI PURPOSE: UNRESTRICTED GIFT | $750 |
Select Equity Group Foundation New York, NY PURPOSE: MATCHING GIFT | $600 |
Cleveland H Dodge Foundation Inc New York, NY PURPOSE: DODGE FAMILY MATCHING PROGRAM GIFT | $250 |
Lego Community Fund Us Inc Enfield, CT PURPOSE: FURTHER 501(C)(3) CHARITABLE PURPOSES | $250 |
Endowment Analysis
| Beg. Balance | $381,667 |
| Earnings | $21 |
| Ending Balance | $381,688 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Central Catholic High School Inc Lawrence, MA | $53,774,234 | $20,404,394 |
Yeshiva University High Schools New York, NY | $22,674,721 | $20,464,649 |
Bancroft School Worcester, MA | $41,590,208 | $15,668,076 |
Woodstock Academy Woodstock, CT | $31,824,143 | $19,974,211 |
Derryfield School Manchester, NH | $44,949,554 | $20,323,202 |
Miss Halls School Inc Pittsfield, MA | $50,566,747 | $21,121,476 |
Tilton School Tilton, NH | $51,782,047 | $28,426,192 |
Rectory School Inc Pomfret, CT | $61,030,805 | $27,484,393 |
Westover School Inc Middlebury, CT | $114,183,779 | $14,889,393 |
Putney School Inc Putney, VT | $65,148,933 | $24,861,480 |
Ridgefield Academy Inc Ridgefield, CT | $32,737,443 | $17,017,349 |
Keio Academy Of New York Purchase, NY | $60,256,729 | $12,685,966 |