Pine Point School Inc
- Assets
- $12.9m
- Revenue
- $5.1m
- Investments
- $0.0
- Employees
- 56
- Location
- Stonington, CT
- Founding
- 11/1949
- Data as of
- 06/2022
- EIN
- 06-0646782
Organization Overview
Pine Point School Inc is located in Stonington, CT. The organization was established in 1949. 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, Pine Point School Inc employed 56 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Pine Point 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, Pine Point School Inc generated $5.1m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (3.0%) each year. All expenses for the organization totaled $5.5m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (1.6%) per year over the past 7 years. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE EDUCATIONAL AND OTHER STUDENT PROGRAMS TO CHILDREN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
INSTRUCTION OF AND EDUCATIONAL PROGRAMS, INCLUDING A SUMMER PROGRAM, FOR APPROXIMATELY 132 CHILDREN ENROLLED IN PRESCHOOL THROUGH GRADE 9 BY APPROXIMATELY 27 QUALIFIED INSTRUCTORS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Diana Owen Head Of School | OfficerTrustee | 40 | $235,733 |
John Ong Head Of Finance & Operations | Officer | 40 | $136,511 |
Christopher Hibbard Head Of Advancement | 40 | $108,178 | |
Mary Raftery Head Of Teaching & Learning | 40 | $108,807 | |
Megan Hodgson President | OfficerTrustee | 2 | $0 |
Tony Featherston Vice-President | OfficerTrustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Metcalf Paving Construction | 6/29/16 | $329,995 |
J&r General Llc Construction | 6/29/16 | $250,351 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,063,108 |
| Noncash contributions included in lines 1a–1f | $141,074 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,063,108 |
| Total Program Service Revenue | $3,761,122 |
| Investment income | $115,102 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$140 |
| Net Income from Fundraising Events | $106,325 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,148,294 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $456,700 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $218,956 |
| Compensation of current officers, directors, key employees. | $353,291 |
| Compensation of current officers, directors, key employees. | $285,957 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,287,459 |
| Pension plan accruals and contributions | $99,206 |
| Other employee benefits | $273,863 |
| Payroll taxes | $180,887 |
| 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 | $0 |
| Advertising and promotion | $35,815 |
| Office expenses | $461,305 |
| Information technology | $177,988 |
| Royalties | $0 |
| Occupancy | $110,758 |
| Travel | $71,486 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $406,685 |
| Insurance | $81,005 |
| All other expenses | $0 |
| Total functional expenses | $5,464,363 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $492,526 |
| Savings and temporary cash investments | $671,130 |
| Pledges and grants receivable | $234,783 |
| Accounts receivable, net | $12,593 |
| 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 | $67,502 |
| Net Land, buildings, and equipment | $5,912,097 |
| Investments—publicly traded securities | $5,467,744 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $12,858,375 |
| Accounts payable and accrued expenses | $348,847 |
| Grants payable | $0 |
| Deferred revenue | $514,940 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $863,787 |
| Net assets without donor restrictions | $6,267,452 |
| Net assets with donor restrictions | $5,727,136 |
| 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 | $12,858,375 |