Rectory School Inc
- Assets
- $61.0m
- Revenue
- $27.5m
- Investments
- $0.0
- Employees
- 177
- Location
- Pomfret, CT
- Founding
- 09/1937
- Data as of
- 06/2022
- EIN
- 06-0646805
Organization Overview
Rectory School Inc is located in Pomfret, CT. The organization was established in 1937. 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, Rectory School Inc employed 177 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rectory 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, Rectory School Inc generated $27.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.0% each year. All expenses for the organization totaled $17.1m during the year ending 06/2022. While expenses have increased by 3.3% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE STUDENTS, FROM EARLY CHILDHOOD THROUGH MIDDLE SCHOOL, WITH AN ENRICHED AND SUPPORTIVE ACADEMIC, SOCIAL AND ETHICAL COMMUNITY THAT ADDRESSES INDIVIDUAL LEARNING STYLES, APTITUDES AND NEEDS WHILE PROMOTING PERSONAL SELF-WORTH AND ACCOUNTABILITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE CO-EDUCATIONAL SERVICES AND SUPPORT TO APPROXIMATELY 240 STUDENTS IN GRADES 5 THROUGH 9 IN AN INDEPENDENT BOARDING AND DAY SCHOOL SETTING. THE SCHOOL ALSO OFFERS VARIOUS CO-EDUCATIONAL BOARDING AND DAY SUMMER ACADEMIC PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jo Ann Morelli Suriano Chair | OfficerTrustee | 1 | $0 |
Elizabeth H Zimmermann Vice Chair | OfficerTrustee | 1 | $0 |
Henry B Eaton Secretary | OfficerTrustee | 1 | $0 |
James H Leach Treasurer | OfficerTrustee | 1 | $0 |
James E Bell III Trustee | Trustee | 1 | $0 |
Lisa T Canter MD Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Jtd Construction Llc General Contractor | 6/29/23 | $4,267,023 |
Flik Independent School Dining Catering | 6/29/23 | $995,653 |
Karl Norton Architect Llc Architect | 6/29/23 | $217,175 |
E & R Laundry & Dry Cleaners Student Laundry | 6/29/23 | $130,540 |
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 | $11,835,113 |
| Noncash contributions included in lines 1a–1f | $946,476 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $11,835,113 |
| Total Program Service Revenue | $13,834,884 |
| Investment income | $705,934 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $931,501 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $17,367 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $27,484,393 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $2,159,611 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $495,707 |
| Compensation of current officers, directors, key employees. | $368,846 |
| Compensation to disqualified persons | $99,248 |
| Other salaries and wages | $5,898,097 |
| Pension plan accruals and contributions | $252,122 |
| Other employee benefits | $1,691,001 |
| Payroll taxes | $462,274 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $12,348 |
| Fees for services: Accounting | $55,250 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $83,379 |
| Fees for services: Other | $309,213 |
| Advertising and promotion | $54,581 |
| Office expenses | $171,375 |
| Information technology | $297,741 |
| Royalties | $0 |
| Occupancy | $1,109,071 |
| Travel | $49,726 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $185,644 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,067,369 |
| Insurance | $153,355 |
| All other expenses | $567,882 |
| Total functional expenses | $17,112,733 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,861,009 |
| Savings and temporary cash investments | $1,207,257 |
| Pledges and grants receivable | $2,961,624 |
| Accounts receivable, net | $4,944,403 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $28,508 |
| Prepaid expenses and deferred charges | $268,698 |
| Net Land, buildings, and equipment | $17,263,518 |
| Investments—publicly traded securities | $28,495,788 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $61,030,805 |
| Accounts payable and accrued expenses | $1,300,419 |
| Grants payable | $0 |
| Deferred revenue | $11,578,785 |
| Tax-exempt bond liabilities | $5,609,444 |
| 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 | $620,008 |
| Total liabilities | $19,108,656 |
| Net assets without donor restrictions | $16,024,622 |
| Net assets with donor restrictions | $25,897,527 |
| 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 | $61,030,805 |