Park Street School Inc
- Assets
- $23.9m
- Revenue
- $8.5m
- Investments
- $0.0
- Employees
- 75
- Location
- Boston, MA
- Founding
- 12/2000
- Data as of
- 06/2023
- EIN
- 04-3488022
Organization Overview
Park Street School Inc is located in Boston, MA. The organization was established in 2000. According to its NTEE Classification (B21) the organization is classified as: Preschools, under the broad grouping of Education and related organizations. As of 06/2023, Park Street School Inc employed 75 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Park Street 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, Park Street School Inc generated $8.5m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 4.3% each year. All expenses for the organization totaled $8.2m during the year ending 06/2023. While expenses have increased by 6.3% per year over the past 4 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 CHRISTIAN-BASED EDUCATION FOR PRESCHOOL AND ELEMENTARY SCHOOL AGED CHILDREN
Describe the Organization's Program Activity:
Part 3 - Line 4a
A NEIGHBORHOOD SCHOOL THAT SEEKS TO UNITE CHILDREN OF DIVERSE RACIAL, ETHNIC, AND ECONOMIC BACKGROUNDS FROM GREATER BOSTON IN A NURTURING SCHOOL OF THE HIGHEST ACADEMIC STANDARDS. THROUGH AN ENGAGING, CONTENT-RICH CURRICULUM, WE STRIVE TO EMPOWER AND EQUIP EACH CHILD WITH A LOVE OF LEARNING, A PASSION FOR TRUTH, A HEART FOR OTHERS, AND AN UNDERSTANDING OF GOD'S LOVE AND GRACE FOR US IN JESUS CHRIST. DURING THE 2022-2023 ACADEMIC YEAR THE SCHOOL HAD 230 PRESCHOOL AND ELEMENTARY SCHOOL AGED STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tracy Bradley Trustee And Head Of School | OfficerTrustee | 40 | $224,181 |
Adam Herndon Appointed Psc Minister | Trustee | 1 | $0 |
David Murgatroyd Appointed Psc Elder | Trustee | 1 | $0 |
Gabriel Ling Trustee | Trustee | 1 | $0 |
Geoffrey Raux Trustee | Trustee | 1 | $0 |
Heather Morrissey President (as Of 07/22) | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $322,548 |
| Related organizations | $0 |
| Government grants | $117,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $491,520 |
| Noncash contributions included in lines 1a–1f | $103,175 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $931,068 |
| Total Program Service Revenue | $7,349,207 |
| Investment income | $280,334 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$140,662 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,461,516 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,802,550 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $365,829 |
| Compensation of current officers, directors, key employees. | $286,594 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,007,240 |
| Pension plan accruals and contributions | $109,884 |
| Other employee benefits | $557,058 |
| Payroll taxes | $261,260 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $25,574 |
| Fees for services: Accounting | $42,637 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $483,586 |
| Advertising and promotion | $14,020 |
| Office expenses | $170,001 |
| Information technology | $83,172 |
| Royalties | $0 |
| Occupancy | $418,423 |
| Travel | $22,880 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $178,415 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $463,487 |
| Insurance | $79,935 |
| All other expenses | $0 |
| Total functional expenses | $8,224,149 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,144,555 |
| Savings and temporary cash investments | $7,567,002 |
| Pledges and grants receivable | $54,846 |
| Accounts receivable, net | $19,770 |
| 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 | $29,827 |
| Net Land, buildings, and equipment | $14,166,888 |
| Investments—publicly traded securities | $902,537 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $56,105 |
| Total assets | $23,941,530 |
| Accounts payable and accrued expenses | $453,049 |
| Grants payable | $0 |
| Deferred revenue | $2,060,477 |
| Tax-exempt bond liabilities | $3,884,712 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $1,640,940 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $39,371 |
| Total liabilities | $8,078,549 |
| Net assets without donor restrictions | $14,295,239 |
| Net assets with donor restrictions | $1,567,742 |
| 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 | $23,941,530 |