Greenwich Country Day School Inc
- Assets
- $332.9m
- Revenue
- $95.5m
- Investments
- $48.0m
- Employees
- 461
- Location
- Greenwich, CT
- Founding
- 05/1939
- Data as of
- 06/2021
- EIN
- 06-0646657
Organization Overview
Greenwich Country Day School Inc is located in Greenwich, CT. The organization was established in 1939. According to its NTEE Classification (B24) the organization is classified as: Primary & Elementary Schools, under the broad grouping of Education and related organizations. As of 06/2022, Greenwich Country Day School Inc employed 461 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Greenwich Country Day 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, Greenwich Country Day School Inc generated $95.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.1% each year. All expenses for the organization totaled $68.4m during the year ending 06/2021. While expenses have increased by 8.2% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE SCHOOL SEEKS TO PROVIDE QUALIFIED STUDENTS WITH OPPORTUNITIES FOR ACADEMIC DEVELOPMENT, INTELLECTUAL GROWTH, ARTISTIC AND PHYSICAL FULFILLMENT AND MORAL AWARENESS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
STUDENTS FROM NURSERY THROUGH TWELFTH GRADE, AND SUMMER PROGRAMS. TOTAL OF 1,382 STUDENTS WERE ENROLLED FOR THE SCHOOL YEAR 2021-2022.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Antonia Thompson Trustee | Trustee | 2 | $0 |
Barbara Harty Trustee | Trustee | 2 | $0 |
Caleb Watts Treasurer | OfficerTrustee | 2 | $0 |
Carrie Freeman Braddock Trustee (outgoing) | Trustee | 2 | $0 |
Cheryl Packard Trustee | Trustee | 2 | $0 |
Daniel Offit President (outgoing) | OfficerTrustee | 8 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Centerbrook Architects And Planners Llp Architectural Services | 6/29/22 | $1,552,173 |
Morano Garden And Design Landscaping Service | 6/29/22 | $862,526 |
Cambridge Associates Investment Advisors | 6/29/22 | $225,000 |
Peter Bethanis Probuilt Designs Llc Marketing Services | 6/29/22 | $174,800 |
All Star Paving & Sealing Llc Asphalt Paving | 6/29/22 | $207,410 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $32,680,389 |
| Investment income | $1,186,812 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $665,543 |
| Net Gain/Loss on Asset Sales | $2,322,681 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $95,548,707 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $7,573,196 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,295,680 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $27,499,874 |
| Pension plan accruals and contributions | $2,464,497 |
| Other employee benefits | $9,977,852 |
| Payroll taxes | $2,071,714 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $50,077 |
| Fees for services: Accounting | $104,300 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $404,119 |
| Fees for services: Other | $388,076 |
| Advertising and promotion | $3,683 |
| Office expenses | $0 |
| Information technology | $747,269 |
| Royalties | $0 |
| Occupancy | $1,697,706 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,009,106 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,491,604 |
| Insurance | $467,616 |
| All other expenses | $0 |
| Total functional expenses | $68,352,256 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $10,002,997 |
| Savings and temporary cash investments | $1,520,596 |
| Pledges and grants receivable | $37,442,241 |
| Accounts receivable, net | $561,814 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $183,556 |
| Prepaid expenses and deferred charges | $229,506 |
| Investments—publicly traded securities | $35,672,817 |
| Investments—other securities | $48,030,226 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $49,303,910 |
| Total assets | $332,908,976 |
| Accounts payable and accrued expenses | $6,170,532 |
| Grants payable | $0 |
| Deferred revenue | $18,610,328 |
| Tax-exempt bond liabilities | $59,152,370 |
| Escrow or custodial account liability | $57,600 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $9,700,440 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $32,240,029 |
| Total liabilities | $125,931,299 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $206,977,677 |