Pomfret School Incorporated
- Assets
- $134.6m
- Revenue
- $34.7m
- Investments
- $38.6m
- Employees
- 205
- Location
- Pomfret, CT
- Founding
- 04/1938
- Data as of
- 06/2022
- EIN
- 06-0646784
Organization Overview
Pomfret School Incorporated is located in Pomfret, CT. The organization was established in 1938. 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, Pomfret School Incorporated employed 205 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Pomfret 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 06/2022, Pomfret School Incorporated generated $34.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.5% each year. All expenses for the organization totaled $29.8m during the year ending 06/2022. While expenses have increased by 2.7% 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
POMFRET SCHOOL IS A COEDUCATIONAL COLLEGE PREPARATORY SCHOOL FOR BOARDING AND DAY STUDENTS IN GRADES 9 THROUGH 12 WITH POSTGRADUATES. THE MISSION OF THE SCHOOL IS TO CULTIVATE A HEALTHY INDEPENDENCE OF MIND, BODY, AND SPIRIT AS STUDENTS ARE PREPARED FOR COLLEGE AND TO LEARN IN A DIVERSE AND INCREASINGLY INTERCONNECTED SOCIETY.
Describe the Organization's Program Activity:
INDEPENDENT, COED, COLLEGE PREP, BOARDING AND DAY SCHOOL EDUCATION AND RELATED SERVICES TO APPROXIMATELY 370 STUDENTS, IN GRADES 9 THROUGH 12, FROM 25 STATES AND 21 COUNTRIES. WE ALSO OFFER A POST GRADUATE YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Timothy Richards Head Of School | OfficerTrustee | 50 | $392,042 |
Justin Klein Chair | OfficerTrustee | 5 | $0 |
Monique Miles Vice Chair | OfficerTrustee | 5 | $0 |
Lindsay Belew Paul Treasurer | OfficerTrustee | 5 | $0 |
Stephanie Schuetz Secretary | Trustee | 5 | $0 |
Tiffany Ding Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Mahan Slate Roofing Co Inc Roofing Services | 6/29/22 | $1,312,041 |
Flik Food Services | 6/29/22 | $1,212,266 |
Shawmut Design & Construction Design Consulting Services | 6/29/22 | $2,990,497 |
Centerbrook Architects And Planners Architecure Services | 6/29/22 | $958,545 |
Michael W Wolchesky Contractor | 6/29/22 | $647,024 |
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 | $8,941,697 |
| Noncash contributions included in lines 1a–1f | $470,720 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,941,697 |
| Total Program Service Revenue | $23,292,281 |
| Investment income | $791,520 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $48,562 |
| Net Gain/Loss on Asset Sales | $794,534 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $193,714 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $34,672,012 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $51,000 |
| Grants and other assistance to domestic individuals. | $5,082,969 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $808,528 |
| Compensation of current officers, directors, key employees. | $439,912 |
| Compensation to disqualified persons | $96,456 |
| Other salaries and wages | $9,073,471 |
| Pension plan accruals and contributions | $755,395 |
| Other employee benefits | $2,057,987 |
| Payroll taxes | $679,318 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $119,127 |
| Fees for services: Accounting | $69,105 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $463,970 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $500,079 |
| Royalties | $0 |
| Occupancy | $2,611,901 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $536,257 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,660,581 |
| Insurance | $392,907 |
| All other expenses | $812,657 |
| Total functional expenses | $29,784,965 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,601,821 |
| Savings and temporary cash investments | $3,861,351 |
| Pledges and grants receivable | $5,910,840 |
| Accounts receivable, net | $6,027 |
| 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 | $897,977 |
| Net Land, buildings, and equipment | $45,832,165 |
| Investments—publicly traded securities | $31,381,531 |
| Investments—other securities | $38,648,694 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,441,995 |
| Total assets | $134,582,401 |
| Accounts payable and accrued expenses | $1,091,427 |
| Grants payable | $0 |
| Deferred revenue | $8,304,298 |
| Tax-exempt bond liabilities | $23,082,361 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $338,164 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $426,581 |
| Total liabilities | $33,242,831 |
| Net assets without donor restrictions | $35,868,253 |
| Net assets with donor restrictions | $65,471,317 |
| 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 | $134,582,401 |
Grants Awarded
Over the last fiscal year, Pomfret School Incorporated has awarded $51,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
POMFRET FIRE DISTRICT PURPOSE: CONTRIBUTION | $9,000 |
TOWN OF POMFRET PURPOSE: CONTRIBUTION | $42,000 |