Pomfret School Incorporated
- Assets
- $109.6m
- Revenue
- $24.6m
- Investments
- $38.0m
- Employees
- 174
- Location
- Pomfret, CT
- Founding
- 04/1938
- Data as of
- 06/2020
- 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 06/2021, Pomfret School Incorporated employed 174 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 06/2020, Pomfret School Incorporated generated $24.6m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 0.5% each year. All expenses for the organization totaled $25.8m during the year ending 06/2020. While expenses have increased by 0.7% 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
2020
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:
Part 3 - Line 4a
INSTRUCTION & RELATED SUPPORT SERVICES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Timothy Richards Head Of School | OfficerTrustee | 50 | $381,215 |
Edward Griffin Chief Financial Officer | Officer | 50 | $224,153 |
Matthew Pierce Associate Director Of Advancement | 50 | $141,941 | |
Gwyneth Connell Director Of Grauer Institute | 50 | $134,930 | |
Amy Graham Director Of Enrollment Management | 50 | $130,006 | |
Brenda Bullied Director Of Facilities | 50 | $126,271 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Csi International Inc Janitorial Services | 6/29/21 | $332,903 |
Flik Food Services | 6/29/21 | $1,122,642 |
Lvw Advisors Llc Investment Advisor | 6/29/21 | $185,704 |
Compass Facility Services Janitorial Services | 6/29/21 | $213,719 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,555,296 |
| Investment income | $822,391 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $54,606 |
| Net Gain/Loss on Asset Sales | -$973,399 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $106,280 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $24,553,485 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $4,540,189 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,554,398 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $7,117,755 |
| Pension plan accruals and contributions | $735,980 |
| Other employee benefits | $1,776,175 |
| Payroll taxes | $638,045 |
| 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 | $207,959 |
| Advertising and promotion | $175,378 |
| Office expenses | $655,548 |
| Information technology | $469,965 |
| Royalties | $0 |
| Occupancy | $4,835,102 |
| Travel | $264,583 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $499 |
| Interest | $595,616 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $12,293 |
| Insurance | $270,555 |
| All other expenses | $0 |
| Total functional expenses | $25,788,459 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $233,674 |
| Savings and temporary cash investments | $10,306,927 |
| Pledges and grants receivable | $4,959,984 |
| Accounts receivable, net | $254,654 |
| 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 | $228,504 |
| Investments—publicly traded securities | $20,751,765 |
| Investments—other securities | $38,024,933 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $109,551,506 |
| Accounts payable and accrued expenses | $912,246 |
| Grants payable | $0 |
| Deferred revenue | $4,598,183 |
| Tax-exempt bond liabilities | $14,650,510 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $941,756 |
| Unsecured mortgages and notes payable | $2,160,500 |
| Other liabilities | $1,299,519 |
| Total liabilities | $24,562,714 |
| 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 | $84,988,792 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Pomfret School Incorporated has recieved totaling $1,000.
| Awarding Organization | Amount |
|---|---|
Eberstadt Family Foundation Wilmington, DE PURPOSE: GENERAL & UNRESTRICTED | $1,000 |
Endowment Analysis
| Beg. Balance | $55,424,598 |
| Earnings | $18,135,604 |
| Net Contributions | $2,054,026 |
| Other Expense | $1,570,368 |
| Grants | $649,132 |
| Ending Balance | $73,394,728 |
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 |