Loomis Institute
- Assets
- $445.5m
- Revenue
- $66.0m
- Investments
- $194.9m
- Employees
- 452
- Location
- Windsor, CT
- Founding
- 04/1938
- Data as of
- 06/2021
- EIN
- 06-0653119
Organization Overview
Loomis Institute is located in Windsor, CT. The organization was established in 1938. 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 06/2021, Loomis Institute employed 452 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Loomis Institute 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 06/2021, Loomis Institute generated $66.0m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 6.1% each year. All expenses for the organization totaled $57.7m during the year ending 06/2021. While expenses have increased by 2.6% 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
EDUCATION OF HIGH SCHOOL (GRADES 9-12) BOYS AND GIRLS IN A BOARDING AND DAY SCHOOL FORMAT FOR THE PURPOSE OF COLLEGE PREPARATION AND PLACEMENT.
Describe the Organization's Program Activity:
EDUCATION OF HIGH SCHOOL (GRADES 9-12) BOYS AND GIRLS IN A BOARDING AND DAY SCHOOL FORMAT FOR THE PURPOSE OF COLLEGE PREPARATION AND PLACEMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sheila Culbert Head Of School | OfficerTrustee | 40 | $471,525 |
Richard Esposito Chief Financial Officer | Officer | 40 | $290,512 |
Nathan Follansbee Director Of External Affai | Officer | 40 | $260,078 |
Timothy Struthers Director Of Development | 40 | $179,743 | |
Webster Trenchard Associate Headmaster | 40 | $158,997 | |
Lynn Petrillo Dir Strategic Comm & Mktg | 40 | $144,972 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Shawmut Design And Construction Construction Services | 6/29/21 | $19,416,167 |
All State Construction Inc Construction Services | 6/29/21 | $1,135,494 |
Newfield Construction Inc Construction Services | 6/29/21 | $2,113,708 |
Flik Compass Group Food Services | 6/29/21 | $968,687 |
Cambridge Associates Investment Consultant | 6/29/21 | $595,948 |
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 | $15,917,163 |
| Noncash contributions included in lines 1a–1f | $1,819,568 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $15,917,163 |
| Total Program Service Revenue | $40,463,907 |
| Investment income | $1,747,902 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $7,808,479 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $90,936 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $66,028,387 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $8,561,707 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,365,625 |
| Compensation of current officers, directors, key employees. | $505,064 |
| Compensation to disqualified persons | $272,844 |
| Other salaries and wages | $17,074,200 |
| Pension plan accruals and contributions | $1,271,746 |
| Other employee benefits | $2,621,291 |
| Payroll taxes | $1,275,701 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $115,484 |
| Fees for services: Accounting | $47,600 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $3,859,275 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $143,954 |
| Information technology | $561,813 |
| Royalties | $0 |
| Occupancy | $5,117,633 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $3,266,854 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,173,295 |
| Insurance | $614,111 |
| All other expenses | $0 |
| Total functional expenses | $57,736,086 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $8,438,894 |
| Pledges and grants receivable | $7,053,305 |
| Accounts receivable, net | $10,869,187 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $380,828 |
| Prepaid expenses and deferred charges | $289,481 |
| Net Land, buildings, and equipment | $150,529,785 |
| Investments—publicly traded securities | $71,398,760 |
| Investments—other securities | $194,866,069 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,631,860 |
| Total assets | $445,458,169 |
| Accounts payable and accrued expenses | $4,792,594 |
| Grants payable | $0 |
| Deferred revenue | $21,605,560 |
| Tax-exempt bond liabilities | $63,974,938 |
| 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 | $496,999 |
| Total liabilities | $90,870,091 |
| Net assets without donor restrictions | $197,089,814 |
| Net assets with donor restrictions | $157,498,264 |
| 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 | $445,458,169 |
Grants Recieved
Over the last fiscal year, we have identified 22 grants that Loomis Institute has recieved totaling $914,012.
| Awarding Organization | Amount |
|---|---|
Jewish Communal Fund New York, NY PURPOSE: GENERAL SUPPORT | $500,130 |
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $125,027 |
Goldman Sachs Charitable Gift Fund New York, NY PURPOSE: CAPITAL CAMPAIGN | $60,000 |
Hartford Foundation For Public Giving Hartford, CT PURPOSE: GENERAL SUPPORT | $30,000 |
Hartford Foundation For Public Giving Hartford, CT PURPOSE: GENERAL OPERATING SUPPORT | $25,000 |
Foundation For The Carolinas Charlotte, NC PURPOSE: CHARITABLE GIFT | $25,000 |
Endowment Analysis
| Beg. Balance | $208,933,756 |
| Earnings | $57,060,614 |
| Net Contributions | $3,338,739 |
| Other Expense | $4,590,988 |
| Grants | $3,831,532 |
| Ending Balance | $260,910,589 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Choate Rosemary Hall Foundation Incorporated Wallingford, CT | $824,930,363 | $80,573,016 |
Hotchkiss School Lakeville, CT | $832,226,197 | $135,336,667 |
Trustees Of Deerfield Academy Deerfield, MA | $1,009,854,595 | $87,019,997 |
Taft School Corporation Watertown, CT | $447,949,060 | $83,525,324 |
Northfield Mount Hermon School Mount Hermon, MA | $279,135,089 | $64,524,302 |
Loomis Institute Windsor, CT | $445,458,169 | $66,028,387 |
Noble And Greenough School Dedham, MA | $357,051,555 | $55,304,957 |
Groton School Groton, MA | $519,152,774 | $50,710,312 |
Kent School Corporation Kent, CT | $229,105,384 | $52,388,614 |
Hopkins School Incorporated New Haven, CT | $238,380,739 | $44,795,541 |
Middlesex School Concord, MA | $485,283,896 | $51,739,388 |
Trustees Of Thayer Academy Braintree, MA | $161,523,903 | $74,068,471 |