New Canaan Country School Inc
- Assets
- $109.4m
- Revenue
- $39.9m
- Investments
- $23.6m
- Employees
- 323
- Location
- New Canaan, CT
- Founding
- 10/1939
- Data as of
- 06/2022
- EIN
- 06-0646765
Organization Overview
New Canaan Country School Inc is located in New Canaan, CT. The organization was established in 1939. 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, New Canaan Country School Inc employed 323 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New Canaan Country 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 06/2022, New Canaan Country School Inc generated $39.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.0% each year. All expenses for the organization totaled $31.1m during the year ending 06/2022. While expenses have increased by 0.8% 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
THE MISSION OF THE NEW CANAAN COUNTRY SCHOOL IS TO GUIDE STUDENTS TO REACH THEIR INTELLECTUAL, CREATIVE, MORAL AND PHYSICAL POTENTIAL. THE ORGANIZATION VALUES THE IMAGINATION AND CURIOSITY OF CHILDREN AND RESPECTS CHILDHOOD AS AN INTEGRAL PART OF LIFE. THE ORGANIZATION'S TEACHERS SET HIGH ACADEMIC STANDARDS AND CHALLENGE STUDENTS TO QUESTION, THINK, COLLABORATE, AND ACT WITH INTEGRITY. THE SCHOOL WORKS IN PARTNERSHIP WITH FAMILIES TO TEACH PERSONAL, SOCIAL AND ENVIRONMENTAL RESPONSIBILITY AND TO CREATE A COMMUNITY THAT HONORS DIVERSITY AND OUR COMMON HUMANITY. NEW CANAAN COUNTRY SCHOOL INSPIRES STUDENTS TO BE LIFELONG LEARNERS WITH THE COURAGE AND CONFIDENCE TO MAKE A POSITIVE CONTRIBUTION TO THE WORLD.
Describe the Organization's Program Activity:
EDUCATION EXPENSES INCURRED FOR THE PRIMARY EDUCATION ENROLLMENT OF 566 STUDENTS.
HORIZONS IS A FULL-SCHOLARSHIP YEAR-ROUND ACADEMIC AND ENRICHMENT PROGRAM SERVING APPROXIMATELY 395 DISADVANTAGED STUDENTS PER YEAR PRIMARILY FROM STAMFORD AND NORWALK.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Aaron C Cooper Head Of School | OfficerTrustee | 70 | $488,903 |
Victor Catano CFO | Officer | 40 | $227,542 |
Ryan Smith Dir. Of Advancement | Officer | 40 | $209,144 |
Pamela Safford Director Of Enrollment | Officer | 40 | $193,622 |
Meaghan Mallin Administrator | 40 | $185,227 | |
Karl Palmgren Administrator | 40 | $165,676 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ibs Building Service Contractors Construction | 6/29/22 | $234,701 |
Flik International Food Service | 6/29/22 | $630,792 |
Blackbaud Inc Instructional Software Consulting | 6/29/22 | $151,011 |
Dattco Inc Transportation | 6/29/22 | $1,031,785 |
Ash Creek Enterprises Inc Information Technology Services | 6/29/22 | $126,202 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $744,109 |
| Related organizations | $0 |
| Government grants | $4,779,052 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,489,609 |
| Noncash contributions included in lines 1a–1f | $129,341 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $11,012,770 |
| Total Program Service Revenue | $24,362,137 |
| Investment income | $1,602,193 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$238,012 |
| Net Income from Fundraising Events | $9,033 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $39,886,665 |
| 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. | $1,456,533 |
| Compensation of current officers, directors, key employees. | $266,294 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $12,893,237 |
| Pension plan accruals and contributions | $946,163 |
| Other employee benefits | $4,568,887 |
| Payroll taxes | $1,087,278 |
| 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 | $295,056 |
| Fees for services: Other | $646,691 |
| Advertising and promotion | $301,388 |
| Office expenses | $0 |
| Information technology | $149,364 |
| Royalties | $0 |
| Occupancy | $1,193,281 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $30,535 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,447,253 |
| Insurance | $194,021 |
| All other expenses | $170,516 |
| Total functional expenses | $31,109,115 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $35,559 |
| Savings and temporary cash investments | $5,869,950 |
| Pledges and grants receivable | $2,219,718 |
| Accounts receivable, net | $2,887 |
| 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 | $477,148 |
| Net Land, buildings, and equipment | $45,672,928 |
| Investments—publicly traded securities | $30,169,980 |
| Investments—other securities | $23,620,977 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,351,461 |
| Total assets | $109,420,608 |
| Accounts payable and accrued expenses | $1,254,321 |
| Grants payable | $0 |
| Deferred revenue | $4,081,296 |
| 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 | $1,169,677 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $6,272,251 |
| Total liabilities | $12,777,545 |
| Net assets without donor restrictions | $57,187,368 |
| Net assets with donor restrictions | $39,455,695 |
| 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 | $109,420,608 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that New Canaan Country School Inc has recieved totaling $24,500.
| Awarding Organization | Amount |
|---|---|
Galante Family Foundation Niles, IL PURPOSE: EDUCATIONAL/SOCIAL | $24,500 |
Endowment Analysis
| Beg. Balance | $60,026,079 |
| Earnings | -$5,760,549 |
| Admin Expense | $295,056 |
| Net Contributions | $418,932 |
| Other Expense | $1,714,056 |
| Ending Balance | $52,675,350 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Horace Mann School Bronx, NY | $475,824,158 | $137,244,948 |
Ethical Culture Fieldston School New York, NY | $252,651,487 | $107,394,843 |
Dalton Schools Inc New York, NY | $268,184,018 | $87,154,384 |
Milton Academy Milton, MA | $512,730,465 | $105,004,685 |
Riverdale Country School Inc Bronx, NY | $247,467,239 | $82,826,277 |
Trinity Episcopal Schools Corporation New York, NY | $265,614,292 | $76,873,691 |
United Nations International School New York, NY | $95,948,249 | $80,239,931 |
Columbia Grammar & Preparatory School New York, NY | $126,207,367 | $82,489,526 |
Poly Prep Country Day School Brooklyn, NY | $174,200,532 | $76,376,518 |
Saint Anns School Brooklyn, NY | $162,069,731 | $73,475,158 |
Spence School New York, NY | $416,454,517 | $72,977,566 |
Brunswick School Inc Greenwich, CT | $416,319,503 | $63,510,846 |