The Forman School Inc
- Assets
- $47.5m
- Revenue
- $24.7m
- Investments
- $0.0
- Employees
- 159
- Location
- Litchfield, CT
- Founding
- 01/1935
- Data as of
- 06/2021
- EIN
- 06-0646648
Organization Overview
The Forman School Inc is located in Litchfield, CT. The organization was established in 1935. According to its NTEE Classification (B28) the organization is classified as: Special Education, under the broad grouping of Education and related organizations. As of 06/2021, Forman School Inc employed 159 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Forman 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 06/2021, Forman School Inc generated $24.7m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 6.8% each year. All expenses for the organization totaled $20.3m during the year ending 06/2021. While expenses have increased by 3.5% per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE FORMAN SCHOOL IS AN INDEPENDENT, COEDUCATIONAL COLLEGE PREPARATORY SCHOOL FOR BOARDING AND DAY STUDENTS WITH IDENTIFIED LEARNING DIFFERENCES. FORMAN DEVELOPS THE WHOLE STUDENT SO THAT
Describe the Organization's Program Activity:
OPERATE AND MAINTAIN A PRIVATE SCHOOL (GRADES 9-12) FOR CHILDREN WITH SPECIFIC LEARNING DIFFERENCES AND TO PREPARE THEM FOR A COLLEGE CURRICULUM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Adam K Man Head Of School/trustee | OfficerTrustee | 60 | $656,896 |
Edward Kowalchick Assistant Head Of School For Internal Affairs | 60 | $257,693 | |
Justin Solomon Asst Head Of School For Inst Advancement | Officer | 60 | $234,127 |
Robert Scodari Chief Financial Officer | OfficerTrustee | 60 | $156,710 |
Maryellen Ruth Director Of The Forman Diagnostic Center | 60 | $126,662 | |
Jaime Feinman Director Of Admission | 60 | $105,164 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Culinart Group Dining Hall Services | 6/29/21 | $764,066 |
Marandola Fuel Service Llc Fuel Services | 6/29/21 | $183,803 |
Environmental Systems Corp Facilities Services | 6/29/21 | $243,725 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,727,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,494,656 |
| Noncash contributions included in lines 1a–1f | $183,297 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,221,656 |
| Total Program Service Revenue | $17,992,334 |
| Investment income | $195,089 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $202,695 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $48,229 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $24,660,003 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $2,673,198 |
| Grants and other assistance to Foreign Orgs/Individuals | $25,000 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,311,306 |
| Compensation of current officers, directors, key employees. | $101,287 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $6,827,577 |
| Pension plan accruals and contributions | $516,832 |
| Other employee benefits | $1,536,938 |
| Payroll taxes | $424,317 |
| 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 | $550,566 |
| Advertising and promotion | $271,321 |
| Office expenses | $287,037 |
| Information technology | $140,701 |
| Royalties | $0 |
| Occupancy | $1,198,311 |
| Travel | $43,268 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $283,080 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,154,135 |
| Insurance | $353,932 |
| All other expenses | $0 |
| Total functional expenses | $20,265,361 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,884 |
| Savings and temporary cash investments | $11,727,567 |
| Pledges and grants receivable | $760,139 |
| Accounts receivable, net | $23,781 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $209,200 |
| Prepaid expenses and deferred charges | $319,366 |
| Net Land, buildings, and equipment | $24,626,385 |
| Investments—publicly traded securities | $9,869,102 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $47,539,424 |
| Accounts payable and accrued expenses | $1,306,038 |
| Grants payable | $0 |
| Deferred revenue | $4,483,499 |
| Tax-exempt bond liabilities | $2,911,280 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $3,863,760 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $12,564,577 |
| Net assets without donor restrictions | $23,380,619 |
| Net assets with donor restrictions | $11,594,228 |
| 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 | $47,539,424 |
Grants Recieved
Over the last fiscal year, we have identified 17 grants that The Forman School Inc has recieved totaling $495,333.
| Awarding Organization | Amount |
|---|---|
Foundation For The Carolinas Charlotte, NC PURPOSE: CHARITABLE GIFT | $150,000 |
Huizenga Family Foundation Inc West Palm Beach, FL PURPOSE: EDUCATION | $100,000 |
Huizenga Family Foundation Inc West Palm Beach, FL PURPOSE: EDUCATION | $100,000 |
Cecelia Joyce And Seward Johnson New York, NY PURPOSE: GENERAL OPERATING SUPPORT | $50,000 |
Wilder Bishop Regalbuto Family Charitable Trust Dallas, TX PURPOSE: UNRESTRICTED GENERAL | $25,000 |
Morgan Stanley Global Impact Funding Trust Inc Indianapolis, IN PURPOSE: UNRESTRICTED GENERAL SUPPORT | $25,000 |
Endowment Analysis
| Beg. Balance | $8,181,750 |
| Earnings | $1,795,501 |
| Net Contributions | $23,052 |
| Other Expense | $327,578 |
| Ending Balance | $9,672,725 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Hillcrest Educational Centers Inc Pittsfield, MA | $31,700,149 | $41,848,314 |
Landmark School Inc Prides Crossing, MA | $81,242,185 | $45,882,089 |
Mary Cariola Childrens Center Inc Rochester, NY | $32,501,953 | $38,497,065 |
Winston Preparatory School New York, NY | $56,916,189 | $37,261,516 |
American School For The Deaf West Hartford, CT | $58,629,293 | $44,148,151 |
Eden Ii School For Autistic Childern Inc Staten Island, NY | $32,260,171 | $32,379,334 |
New York Institute For Special Education Bronx, NY | $182,971,152 | $45,507,452 |
Boston Higashi School Inc Randolph, MA | $25,103,107 | $28,530,069 |
Stephen Gaynor School New York, NY | $123,265,362 | $36,695,130 |
Robert F Kennedy Community Alliance Lancaster, MA | $47,975,968 | $28,689,265 |
The Learning Center For The Deaf Inc Framingham, MA | $24,501,055 | $27,545,565 |
Hebrew Academy For Special Children Inc Brooklyn, NY | $16,318,917 | $35,401,629 |