The Frederick Gunn School Incorporated
- Assets
- $93.8m
- Revenue
- $33.1m
- Investments
- $9.7m
- Employees
- 176
- Location
- Washington, CT
- Founding
- 10/1929
- Data as of
- 06/2021
- EIN
- 06-0646661
Organization Overview
The Frederick Gunn School Incorporated is located in Washington, CT. The organization was established in 1929. According to its NTEE Classification (B25) the organization is classified as: Secondary & High Schools, under the broad grouping of Education and related organizations. As of 06/2022, Frederick Gunn School Incorporated employed 176 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Frederick Gunn 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 06/2021, Frederick Gunn School Incorporated generated $33.1m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 7.9% each year. All expenses for the organization totaled $25.1m during the year ending 06/2021. While expenses have increased by 3.8% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE STUDENTS WITH A SECONDARY EDUCATION IN AN ATMOSPHERE CONDUCIVE TO LEARNING AND SOCIAL INTERACTION WITH OTHERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PROGRAM SERVICE ACTIVITIES PROVIDED BY THE SCHOOL ARE THOSE ASSOCIATED WITH COLLEGE PREPARATORY INSTITUTIONS. THESE ACTIVITIES INCLUDE PROVIDING STUDENTS A SECONDARY EDUCATION, DORMITORY SERVICES AND A SCHOOL STORE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Peter We Becker Trustee - Head Of School | OfficerTrustee | 50 | $349,956 |
Christopher W Cowell Chief Financial Officer | Officer | 50 | $194,755 |
Sean Brown Chief Development Officer | Officer | 50 | $170,817 |
Brian Daniels Director Of Technology | 50 | $119,177 | |
Seth Low Associate Head Of School | 50 | $118,419 | |
Mark Showalter Director Of Buildings & Ground | 50 | $105,388 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Community Counseling Service Co Llc Campaign Counseling | 6/29/22 | $349,500 |
Sasaki Associates Architectural Design Services | 6/29/22 | $513,259 |
Preferred Building Maintenance Llc Cleaning Service | 6/29/22 | $225,675 |
Meritain Health Health Administration Services | 6/29/22 | $526,786 |
Ethan Labella Elite Contracting Llc Contracting Services | 6/29/22 | $106,947 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,036,117 |
| All other contributions, gifts, grants, and similar amounts not included above | $9,948,740 |
| Noncash contributions included in lines 1a–1f | $1,269,084 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $11,984,857 |
| Total Program Service Revenue | $18,538,093 |
| Investment income | $347,478 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $83,692 |
| Net Gain/Loss on Asset Sales | $1,034,139 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $32,342 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $33,115,817 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $6,154,810 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $872,657 |
| Compensation of current officers, directors, key employees. | $352,624 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $6,159,321 |
| Pension plan accruals and contributions | $473,627 |
| Other employee benefits | $1,665,028 |
| Payroll taxes | $474,516 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $145,935 |
| Fees for services: Accounting | $46,941 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $642,655 |
| Fees for services: Investment Management | $88,192 |
| Fees for services: Other | $0 |
| Advertising and promotion | $136,744 |
| Office expenses | $0 |
| Information technology | $436,996 |
| Royalties | $0 |
| Occupancy | $1,019,356 |
| Travel | $17,243 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $93,449 |
| Interest | $356,460 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,977,227 |
| Insurance | $282,473 |
| All other expenses | $551,492 |
| Total functional expenses | $25,064,072 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,678,475 |
| Savings and temporary cash investments | $40,501 |
| Pledges and grants receivable | $5,004,972 |
| Accounts receivable, net | $516,021 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $73,904 |
| Prepaid expenses and deferred charges | $301,956 |
| Net Land, buildings, and equipment | $50,954,606 |
| Investments—publicly traded securities | $20,556,982 |
| Investments—other securities | $9,718,275 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $93,845,692 |
| Accounts payable and accrued expenses | $1,621,035 |
| Grants payable | $0 |
| Deferred revenue | $5,684,329 |
| Tax-exempt bond liabilities | $6,500,926 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $5,515,661 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $19,321,951 |
| Net assets without donor restrictions | $47,369,475 |
| Net assets with donor restrictions | $27,154,266 |
| 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 | $93,845,692 |
Grants Recieved
Over the last fiscal year, we have identified 9 grants that The Frederick Gunn School Incorporated has recieved totaling $7,073,115.
| Awarding Organization | Amount |
|---|---|
Jewish Communal Fund New York, NY PURPOSE: GENERAL SUPPORT | $6,235,600 |
Jonathan M Tisch Family Foundation New York, NY PURPOSE: TO FURTHER EDUCATIONAL, RELIGIOUS, MEDICAL, CULTURAL, SOCIETAL AND ENVIRONMENTAL CAUSES. | $550,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $250,433 |
Goldman Sachs Philanthropy Fund New York, NY PURPOSE: EDUCATION | $17,500 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $11,582 |
Chubb Charitable Foundation Philadelphia, PA PURPOSE: MATCHING GIFTS | $5,000 |
Endowment Analysis
| Beg. Balance | $30,275,257 |
| Earnings | -$4,351,695 |
| Net Contributions | $3,605,247 |
| Other Expense | $1,167,556 |
| Grants | $373,570 |
| Ending Balance | $27,987,683 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Choate Rosemary Hall Foundation Incorporated Wallingford, CT | $824,930,363 | $80,573,016 |
Hotchkiss School Lakeville, CT | $832,226,197 | $135,336,667 |
Trustees Of Deerfield Academy Deerfield, MA | $1,009,854,595 | $87,019,997 |
Taft School Corporation Watertown, CT | $447,949,060 | $83,525,324 |
Northfield Mount Hermon School Mount Hermon, MA | $279,135,089 | $64,524,302 |
Loomis Institute Windsor, CT | $445,458,169 | $66,028,387 |
Noble And Greenough School Dedham, MA | $357,051,555 | $55,304,957 |
Groton School Groton, MA | $519,152,774 | $50,710,312 |
Kent School Corporation Kent, CT | $229,105,384 | $52,388,614 |
Hopkins School Incorporated New Haven, CT | $238,380,739 | $44,795,541 |
Middlesex School Concord, MA | $485,283,896 | $51,739,388 |
Trustees Of Thayer Academy Braintree, MA | $161,523,903 | $74,068,471 |