School One
- Assets
- $11.0m
- Revenue
- $3.9m
- Investments
- $0.0
- Employees
- 41
- Location
- Providence, RI
- Founding
- 01/1974
- Data as of
- 06/2022
- EIN
- 05-0352225
Organization Overview
School One is located in Providence, RI. The organization was established in 1974. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. As of 06/2022, School One employed 41 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. School One 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, School One generated $3.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.1% each year. All expenses for the organization totaled $1.9m during the year ending 06/2022. While expenses have increased by 1.9% 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
AN INDEPENDENT, ARTS-INTENSIVE, COLLEGE PREP HIGH SCHOOL ENROLLING A DIVERSE ARRAY OF STUDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
AN INDEPENDENT, ARTS-INTENSIVE, COLLEGE PREP HIGH SCHOOL ENROLLING A DIVERSE ARRAY OF STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Doug Boone Board Member | Trustee | 2 | $0 |
Andrew DE Labry Treasurer Through November 2021 | OfficerTrustee | 2 | $0 |
Ruth Feder Board Member | Trustee | 2 | $0 |
Karen Weavill President | OfficerTrustee | 2 | $0 |
David Parr Secretary | OfficerTrustee | 2 | $0 |
Paul Stepney Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $265,441 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,273,741 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,539,182 |
| Total Program Service Revenue | $1,232,783 |
| Investment income | $82,016 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $31,930 |
| Net Income from Fundraising Events | $300 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,908,069 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $171,144 |
| Compensation of current officers, directors, key employees. | $171,144 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,011,751 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $90,152 |
| Payroll taxes | $96,833 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $14,545 |
| Advertising and promotion | $61,525 |
| Office expenses | $5,513 |
| Information technology | $11,846 |
| Royalties | $0 |
| Occupancy | $49,041 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $118,450 |
| Insurance | $25,431 |
| All other expenses | $100,294 |
| Total functional expenses | $1,891,742 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $751,507 |
| Savings and temporary cash investments | $1,704,920 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $74,891 |
| 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 | $27,310 |
| Net Land, buildings, and equipment | $3,931,572 |
| Investments—publicly traded securities | $4,541,928 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $11,032,128 |
| Accounts payable and accrued expenses | $118,059 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $257,296 |
| Total liabilities | $375,355 |
| Net assets without donor restrictions | $9,786,018 |
| Net assets with donor restrictions | $870,755 |
| 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 | $11,032,128 |