Atrium School Inc
- Assets
- $8.7m
- Revenue
- $5.0m
- Investments
- $0.0
- Employees
- 50
- Location
- Watertown, MA
- Founding
- 04/1983
- Data as of
- 06/2023
- EIN
- 04-2768241
Organization Overview
Atrium School Inc is located in Watertown, MA. The organization was established in 1983. According to its NTEE Classification (B20) the organization is classified as: Elementary & Secondary Schools, under the broad grouping of Education and related organizations. As of 06/2023, Atrium School Inc employed 50 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Atrium 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, Atrium School Inc generated $5.0m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.3% each year. All expenses for the organization totaled $4.7m during the year ending 06/2023. While expenses have increased by 3.9% 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
TO PROVIDE A MEANINGFUL PROGRESSIVE EDUCATION WHICH ENCOURAGES ACADEMIC CURIOSITY, CREATIVITY AND EXPLORATION WHILE FOSTERING EACH STUDENTS'S INTELLECTUAL GROWTH. CURRENTLY SERVING CHILDREN IN GRADES PRE-KINDERGARTEN THROUGH EIGHTH GRADE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
INSTRUCTION AND EDUCATION: PROVIDING FORMAL EDUCATION TO 124.5 STUDENTS FROM PRE-KINDERGARTEN TO GRADE EIGHT IN A CO-EDUCATIONAL SETTING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marshall Carter Head Of School | OfficerTrustee | 40 | $224,287 |
Alyse D'amico Chair | OfficerTrustee | 2 | $0 |
Megan Popp Vice Chair | OfficerTrustee | 2 | $0 |
Tonya May Treasurer | OfficerTrustee | 2 | $0 |
Margot Phelps Clerk | OfficerTrustee | 2 | $0 |
Andy Berkheimer Trustee | 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 | $735,293 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $735,293 |
| Total Program Service Revenue | $4,254,280 |
| Investment income | $24,216 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $5,589 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,019,378 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $676,862 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $387,654 |
| Compensation of current officers, directors, key employees. | $184,310 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,208,373 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $181,799 |
| Payroll taxes | $214,673 |
| Fees for services: Management | $58,727 |
| Fees for services: Legal | $5,681 |
| Fees for services: Accounting | $31,400 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $18,024 |
| Office expenses | $76,954 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $192,983 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $99,056 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $133,824 |
| Insurance | $43,058 |
| All other expenses | $54,803 |
| Total functional expenses | $4,730,835 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,595,109 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $231,608 |
| Accounts receivable, net | $6,495 |
| 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 | $12,952 |
| Net Land, buildings, and equipment | $4,401,823 |
| Investments—publicly traded securities | $1,352,812 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $51,149 |
| Other assets | $0 |
| Total assets | $8,651,948 |
| Accounts payable and accrued expenses | $298,808 |
| Grants payable | $0 |
| Deferred revenue | $1,287,357 |
| 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 | $3,345,934 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $51,919 |
| Total liabilities | $4,984,018 |
| Net assets without donor restrictions | $2,651,829 |
| Net assets with donor restrictions | $1,016,101 |
| 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 | $8,651,948 |