School One
- Assets
- $9.6m
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 46
- Location
- Providence, RI
- Founding
- 01/1974
- Data as of
- 06/2021
- 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 06/2021, School One employed 46 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 06/2021, School One generated $1.5m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (7.4%) each year. All expenses for the organization totaled $1.7m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by 0.0% per year over the past 6 years. 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
2021
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 |
|---|---|---|---|
Jennifer Borman Head Of School | Officer | 37.5 | $124,763 |
Andrew DE Labry Past Treasurer | OfficerTrustee | 2 | $0 |
Karen Weavill Vice President | OfficerTrustee | 2 | $0 |
David Parr Secretary | OfficerTrustee | 2 | $0 |
Janet Krueger President | OfficerTrustee | 2 | $0 |
Jenna Maynard Treasurer | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $236,614 |
| All other contributions, gifts, grants, and similar amounts not included above | $278,584 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $515,198 |
| Total Program Service Revenue | $914,110 |
| Investment income | $34,487 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $51,510 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,521,518 |
| 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. | $140,203 |
| Compensation of current officers, directors, key employees. | $140,203 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $904,736 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $92,860 |
| Payroll taxes | $86,843 |
| 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 | $6,960 |
| Advertising and promotion | $38,725 |
| Office expenses | $6,983 |
| Information technology | $9,134 |
| Royalties | $0 |
| Occupancy | $44,248 |
| 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 | $39,471 |
| Insurance | $26,082 |
| All other expenses | $105,777 |
| Total functional expenses | $1,660,334 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $672,809 |
| Savings and temporary cash investments | $826,035 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $46,776 |
| 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 | $27,288 |
| Net Land, buildings, and equipment | $2,930,485 |
| Investments—publicly traded securities | $5,120,704 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $9,624,097 |
| Accounts payable and accrued expenses | $119,106 |
| 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 | $176,078 |
| Total liabilities | $295,184 |
| Net assets without donor restrictions | $8,458,158 |
| 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 | $9,624,097 |
Grants Recieved
Over the last fiscal year, we have identified 10 grants that School One has recieved totaling $931,337.
| Awarding Organization | Amount |
|---|---|
Aloha Foundation Tr Boston, MA PURPOSE: RENOVATIONS, CORONAVIRUS RELIEF, COVID RELATED SUPPLIES | $785,000 |
Achievement For Children With Challenges Empowered By School Sch East Providence, RI PURPOSE: FINANCIAL AID FOR TUITION | $57,778 |
The Champlin Foundation Pittsburgh, PA PURPOSE: SPRINKLERS | $55,000 |
The Rhode Island Community Foundation Providence, RI PURPOSE: GENERAL SUPPORT; ANTI-RACISM TRAINING | $13,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $12,479 |
Gunk Foundation Woodstock, NY PURPOSE: PRIVATE HIGH SCHOOL, GENERAL OPERATING SUPPORT | $3,000 |
Endowment Analysis
| Beg. Balance | $2,930,353 |
| Earnings | $590,222 |
| Admin Expense | $29,668 |
| Net Contributions | $165,066 |
| Grants | $248,474 |
| Ending Balance | $3,401,567 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Pike School Inc Andover, MA | $31,746,911 | $18,230,890 |
North Atlantic States Carpenters Labor Management Program Boston, MA | $29,841,142 | $12,688,057 |
German International School Boston Inc Allston, MA | $14,706,954 | $10,594,981 |
Whitinsville Christian School Whitinsville, MA | $27,818,325 | $8,582,823 |
Up Education Network Inc Dorchester, MA | $3,246,935 | $4,839,856 |
Bpa Worldwide Inc Shelton, CT | $7,335,509 | $7,366,228 |
Be The Change Inc Brookline, MA | $1,007,559 | $5,361,183 |
Barrington Stage Co Inc Pittsfield, MA | $11,360,632 | $6,989,508 |
Bpe Inc Roxbury, MA | $4,070,890 | $4,376,888 |
Integrated Refugee & Immigrant Services Inc New Haven, CT | $6,147,216 | $7,902,404 |
Education Pioneers Inc Boston, MA | $3,852,911 | $7,241,689 |
East Bay Educational Collaborative Warren, RI | $4,130,465 | $4,507,358 |