Atrium School Inc
- Assets
- $8.5m
- Revenue
- $4.5m
- Investments
- $0.0
- Employees
- 46
- Location
- Watertown, MA
- Founding
- 04/1983
- Data as of
- 06/2022
- 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 06/2022, Atrium School Inc employed 46 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 06/2022, Atrium School Inc generated $4.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.1% each year. All expenses for the organization totaled $4.4m during the year ending 06/2022. While expenses have increased by 3.5% 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 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 126 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 | $222,578 |
Francis Cash Dir Of Finance And Ops | 40 | $108,860 | |
Alyse D'amico Chair | OfficerTrustee | 3 | $0 |
Megan Popp Vice Chair | OfficerTrustee | 3 | $0 |
Tonya May Treasurer | OfficerTrustee | 3 | $0 |
Clair Bigley Clerk | OfficerTrustee | 3 | $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 | $348,158 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $348,158 |
| Total Program Service Revenue | $4,188,729 |
| Investment income | $3,892 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $2,000 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $5,642 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,548,421 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $642,543 |
| 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 | $2,398,472 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $185,779 |
| Payroll taxes | $195,145 |
| Fees for services: Management | $31,345 |
| Fees for services: Legal | $9,019 |
| Fees for services: Accounting | $24,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $18,352 |
| Advertising and promotion | $46,960 |
| Office expenses | $44,876 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $175,071 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $139,216 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $126,441 |
| Insurance | $34,422 |
| All other expenses | $99,184 |
| Total functional expenses | $4,432,952 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,009,913 |
| Savings and temporary cash investments | $833,168 |
| Pledges and grants receivable | $53,333 |
| Accounts receivable, net | $234 |
| 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 | $18,781 |
| Net Land, buildings, and equipment | $4,471,929 |
| Investments—publicly traded securities | $137,198 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $8,524,556 |
| Accounts payable and accrued expenses | $354,291 |
| Grants payable | $0 |
| Deferred revenue | $1,341,805 |
| 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 | $3,453,146 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $46,643 |
| Total liabilities | $5,195,885 |
| Net assets without donor restrictions | $2,595,017 |
| Net assets with donor restrictions | $733,654 |
| 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 | $8,524,556 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Atrium School Inc has recieved totaling $35,903.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $27,877 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $5,384 |
Pfizer Foundation Inc New York, NY PURPOSE: MATCHING GIFTS | $2,500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $142 |
Endowment Analysis
| Beg. Balance | $106,498 |
| Earnings | -$15,934 |
| Net Contributions | $20,000 |
| Ending Balance | $110,564 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Albany Academy Albany, NY | $58,726,077 | $27,181,105 |
Cambridge School Of Weston Inc Weston, MA | $57,046,494 | $20,616,161 |
Nichols School Of Buffalo Buffalo, NY | $102,003,479 | $42,213,694 |
Yeshiva Shaare Torah Inc Brooklyn, NY | $32,363,623 | $20,724,747 |
Ideal School Of Manhattan New York, NY | $22,538,816 | $19,239,739 |
Harvey School Katonah, NY | $30,358,551 | $19,988,341 |
Lincoln School Providence, RI | $36,052,997 | $18,197,199 |
The Harley School Rochester, NY | $36,830,266 | $16,619,746 |
Quad Preparatory School New York, NY | $14,717,917 | $18,563,667 |
Amber Charter School New York, NY | $18,229,334 | $20,911,182 |
Green Vale School Old Brookville, NY | $64,002,052 | $17,567,329 |
Winchendon School Inc Winchendon, MA | $68,621,046 | $15,557,946 |