Canterbury School Incorporated
- Assets
- $95.6m
- Revenue
- $27.0m
- Investments
- $19.7m
- Employees
- 208
- Location
- New Milford, CT
- Founding
- 04/1922
- Data as of
- 06/2022
- EIN
- 06-0646566
Organization Overview
Canterbury School Incorporated is located in New Milford, CT. The organization was established in 1922. 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, Canterbury School Incorporated employed 208 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Canterbury School Incorporated 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, Canterbury School Incorporated generated $27.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.1% each year. All expenses for the organization totaled $26.2m during the year ending 06/2022. While expenses have increased by 1.0% 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
EDUCATIONAL ORGANIZATION
Describe the Organization's Program Activity:
INSTRUCTION OF APPROXIMATELY 322 STUDENTS IN GRADES 9-12, INCLUDING STUDENT SERVICES RELATED TO EDUCATION PROGRAMS, LODGING AND MEALS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert H Steers President | OfficerTrustee | 1 | $0 |
John A Donovan Vice President | OfficerTrustee | 1 | $0 |
Michael R Carretta Secretary | OfficerTrustee | 1 | $0 |
Dorothy L Alpert Trustee | Trustee | 1 | $0 |
Keith G Angell Trustee | Trustee | 1 | $0 |
Carol Lovell Carmody Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Burlington Construction Co Inc Construction | 6/29/22 | $4,043,016 |
Mega Mechanical Services Llc Repairs & Service | 6/29/22 | $222,780 |
Jc Merritt Inc Construction | 6/29/22 | $124,574 |
Trilogy Lacrosse Llc Event Planning | 6/29/22 | $101,870 |
Active Internet Technologies Llc Website | 6/29/22 | $208,100 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $21,396 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,577,184 |
| Noncash contributions included in lines 1a–1f | $3,586,923 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,598,580 |
| Total Program Service Revenue | $19,792,902 |
| Investment income | $1,122,175 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $115,428 |
| Net Gain/Loss on Asset Sales | $27,459 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $86,941 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $26,976,417 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $5,507,511 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,001,796 |
| Compensation of current officers, directors, key employees. | $803,230 |
| Compensation to disqualified persons | $127,072 |
| Other salaries and wages | $7,487,442 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,905,291 |
| Payroll taxes | $589,853 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $52,390 |
| Fees for services: Accounting | $58,038 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $184,800 |
| Fees for services: Other | $260,741 |
| Advertising and promotion | $187,028 |
| Office expenses | $406,687 |
| Information technology | $428,160 |
| Royalties | $0 |
| Occupancy | $996,957 |
| Travel | $232,862 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $134,695 |
| Interest | $535,966 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,666,180 |
| Insurance | $384,207 |
| All other expenses | $0 |
| Total functional expenses | $26,190,599 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $5,951,675 |
| Pledges and grants receivable | $763,294 |
| Accounts receivable, net | $1,271,107 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $108,120 |
| Prepaid expenses and deferred charges | $572,132 |
| Net Land, buildings, and equipment | $46,604,058 |
| Investments—publicly traded securities | $20,716,574 |
| Investments—other securities | $19,657,219 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $95,644,179 |
| Accounts payable and accrued expenses | $1,308,436 |
| Grants payable | $0 |
| Deferred revenue | $2,140,550 |
| Tax-exempt bond liabilities | $18,272,830 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $221,353 |
| Unsecured mortgages and notes payable | $39,170 |
| Other liabilities | $414,930 |
| Total liabilities | $22,397,269 |
| Net assets without donor restrictions | $38,515,832 |
| Net assets with donor restrictions | $34,731,078 |
| 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 | $95,644,179 |