Park Street School Inc
- Assets
- $23.9m
- Revenue
- $7.8m
- Investments
- $0.0
- Employees
- 74
- Location
- Boston, MA
- Founding
- 12/2000
- Data as of
- 06/2022
- 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 06/2022, Park Street School Inc employed 74 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 06/2022, Park Street School Inc generated $7.8m in total revenue. This represents relatively stable growth, over the past 3 years the organization has increased revenue by an average of 3.1% each year. All expenses for the organization totaled $7.9m during the year ending 06/2022. While expenses have increased by 7.0% per year over the past 3 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 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 2021-2022 ACADEMIC YEAR THE SCHOOL HAD 258 PRESCHOOL AND ELEMENTARY SCHOOL AGED STUDENTS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tracy Bradley Trustee And Head Of School | OfficerTrustee | 40 | $221,020 |
Shelley Reese Director Of Development | 40 | $127,064 | |
Rebecca Bailey Early Elementary Director | 40 | $125,766 | |
Kara Clark Business Manager | Officer | 30 | $73,879 |
Kimberly Borgen Coo/cfo (to 7/21) | Officer | 40 | $70,833 |
Adam Herndon Appointed Psc Minister | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $328,575 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $396,564 |
| Noncash contributions included in lines 1a–1f | $139,931 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $725,139 |
| Total Program Service Revenue | $7,097,854 |
| Investment income | $59,131 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$73,627 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,847,918 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,779,390 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $353,666 |
| Compensation of current officers, directors, key employees. | $116,710 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,110,873 |
| Pension plan accruals and contributions | $58,371 |
| Other employee benefits | $500,531 |
| Payroll taxes | $244,581 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,662 |
| Fees for services: Accounting | $36,948 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $309,758 |
| Advertising and promotion | $19,591 |
| Office expenses | $168,482 |
| Information technology | $83,202 |
| Royalties | $0 |
| Occupancy | $350,243 |
| Travel | $14,452 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $186,744 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $466,283 |
| Insurance | $70,553 |
| All other expenses | $0 |
| Total functional expenses | $7,884,816 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,209,152 |
| Savings and temporary cash investments | $7,399,999 |
| Pledges and grants receivable | $32,000 |
| Accounts receivable, net | $60,190 |
| 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 | $34,026 |
| Net Land, buildings, and equipment | $14,351,816 |
| Investments—publicly traded securities | $798,312 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $19,125 |
| Total assets | $23,904,620 |
| Accounts payable and accrued expenses | $407,121 |
| Grants payable | $0 |
| Deferred revenue | $2,181,799 |
| Tax-exempt bond liabilities | $4,064,718 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $1,707,500 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $8,361,138 |
| Net assets without donor restrictions | $14,082,985 |
| Net assets with donor restrictions | $1,460,497 |
| 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 | $23,904,620 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Park Street School Inc has recieved totaling $77,975.
| Awarding Organization | Amount |
|---|---|
American Endowment Foundation Hudson, OH PURPOSE: EDUCATIONAL | $30,100 |
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $24,975 |
Bny Mellon Charitable Gift Fund Boston, MA PURPOSE: TO FURTHER THE ORGANIZATION'S EXEMPT PURPOSE | $10,000 |
The Robert And Michelle Cooke Atchinson Foundation Boston, MA PURPOSE: TO SUPPORT EDUACTIONAL ACTIVITIES | $7,900 |
Doty Family Foundation New York, NY PURPOSE: GENERAL SUPPORT | $5,000 |
Endowment Analysis
| Beg. Balance | $903,453 |
| Earnings | -$105,141 |
| Ending Balance | $798,312 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Jumpstart For Young Children Inc Boston, MA | $20,704,200 | $25,715,901 |
Holyoke Chicopee Springfield Head Start Inc Springfield, MA | $4,876,659 | $18,197,572 |
Belmont Day School Inc Belmont, MA | $53,871,739 | $17,214,948 |
The Kingsley Montessori School Inc Boston, MA | $12,852,129 | $12,365,430 |
Waldorf School Of Garden City Garden City, NY | $13,682,215 | $13,601,476 |
Nashoba Brooks School Of Concord Concord, MA | $34,636,415 | $10,867,224 |
Chestnut Hill School Chestnut Hill, MA | $33,385,087 | $15,409,802 |
Montessori Association Of New York New York, NY | $10,174,836 | $11,317,799 |
West Side Montessori School New York, NY | $34,513,067 | $10,367,667 |
Crossroads Continuum Inc Hudson, MA | $10,592,948 | $12,454,903 |
Inly School Inc Scituate, MA | $15,613,460 | $10,498,509 |
Brooklyn Heights Montessori School Brooklyn, NY | $20,633,669 | $10,305,146 |