Miss Porters School Inc
- Assets
- $220.5m
- Revenue
- $44.5m
- Investments
- $83.6m
- Employees
- 229
- Location
- Farmington, CT
- Founding
- 12/1943
- Data as of
- 06/2023
- EIN
- 06-0646786
Organization Overview
Miss Porters School Inc is located in Farmington, CT. The organization was established in 1943. 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 06/2023, Miss Porters School Inc employed 229 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Miss Porters 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 06/2023, Miss Porters School Inc generated $44.5m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 7.1% each year. All expenses for the organization totaled $35.1m during the year ending 06/2023. While expenses have increased by 3.9% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
MISS PORTER'S SCHOOL EXCELS AT PREPARING YOUNG WOMEN FOR COLLEGE, FOR LEADERSHIP, AND FOR LIFE. OUR ATTENTIVE DIVERSE, BOARDING AND DAY COMMUNITY PROVIDES A DEMANDING CURRICULUM - ACADEMIC, ARTISTIC, ATHLETIC AND RESIDENTIAL. WE CHALLENGE OUR STUDENTS TO BECOME INFORMED, BOLD, RESOURCEFUL AND ETHICAL GLOBAL CITIZENS. WE EXPECT OUR GRADUATES TO SHAPE A CHANGING WORLD.
Describe the Organization's Program Activity:
INDEPENDENT SECONDARY SCHOOL WITH 218 BOARDERS AND 117 DAY STUDENTS, 108 SUMMER PROGRAM PARTICIPANTS AND 14 PORTER'S GLOBAL SUMMER ONLINE STUDENTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Katherine G Windsor Head Of School | OfficerTrustee | 40 | $1,052,507 |
Nancy Simpkins Chair Of The Board | Trustee | 5 | $0 |
Sarah Klish Liu Vice Chair Of The Board | Trustee | 5 | $0 |
Amani Reed Secretary | Trustee | 5 | $0 |
Claire Theobald Treasurer | Trustee | 5 | $0 |
Robin Diamonte Individual Trustee | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Construx Co Llc Construction | 6/29/23 | $1,797,014 |
Brock And Company Inc Food Services | 6/29/23 | $1,347,903 |
Flik Compass Group Food Services | 6/29/23 | $1,041,963 |
O & G Industries Inc Construction | 6/29/23 | $627,065 |
J R Multiple Services Cleaning Service | 6/29/23 | $482,067 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,022,535 |
| All other contributions, gifts, grants, and similar amounts not included above | $8,447,581 |
| Noncash contributions included in lines 1a–1f | $825,606 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $9,470,116 |
| Total Program Service Revenue | $21,856,409 |
| Investment income | $2,363,798 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $152,374 |
| Net Gain/Loss on Asset Sales | $10,272,379 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$5,674 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $44,475,560 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $4,798,227 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $2,023,825 |
| Compensation of current officers, directors, key employees. | $781,458 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $9,513,244 |
| Pension plan accruals and contributions | $996,154 |
| Other employee benefits | $2,504,631 |
| Payroll taxes | $726,637 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $76,611 |
| Fees for services: Accounting | $115,090 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $424,381 |
| Fees for services: Other | $2,234,317 |
| Advertising and promotion | $16,155 |
| Office expenses | $1,577,014 |
| Information technology | $248,213 |
| Royalties | $0 |
| Occupancy | $1,377,080 |
| Travel | $842,246 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $69,727 |
| Interest | $658,367 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,795,882 |
| Insurance | $371,271 |
| All other expenses | $44,210 |
| Total functional expenses | $35,131,841 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $935,571 |
| Savings and temporary cash investments | $8,257,574 |
| Pledges and grants receivable | $1,369,791 |
| Accounts receivable, net | $14,943 |
| Loans from Officers, Directors, or Controlling Persons | $180,000 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $105,291 |
| Prepaid expenses and deferred charges | $2,134,611 |
| Net Land, buildings, and equipment | $59,188,421 |
| Investments—publicly traded securities | $61,742,456 |
| Investments—other securities | $83,575,772 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,967,898 |
| Total assets | $220,472,328 |
| Accounts payable and accrued expenses | $2,747,959 |
| Grants payable | $0 |
| Deferred revenue | $3,612,070 |
| Tax-exempt bond liabilities | $24,155,856 |
| Escrow or custodial account liability | $55,078 |
| 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 | $371,490 |
| Total liabilities | $30,942,453 |
| Net assets without donor restrictions | $66,236,681 |
| Net assets with donor restrictions | $123,293,194 |
| 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 | $220,472,328 |