Watkinson School
- Assets
- $19.1m
- Revenue
- $12.0m
- Investments
- $0.0
- Employees
- 102
- Location
- Hartford, CT
- Founding
- 03/1935
- Data as of
- 06/2022
- EIN
- 06-0655136
Organization Overview
Watkinson School is located in Hartford, CT. The organization was established in 1935. 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 06/2022, Watkinson School employed 102 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Watkinson School 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, Watkinson School generated $12.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.1% each year. All expenses for the organization totaled $12.7m during the year ending 06/2022. While expenses have increased by 2.4% 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
CO-EDUCATIONAL SECONDARY SCHOOL
Describe the Organization's Program Activity:
Part 3 - Line 4a
CO-EDUCATIONAL SECONDARY SCHOOL OFFERING COLLEGE PREPARATORY COURSES FOR 228 STUDENTS IN GRADES 6 THROUGH 12, INCLUDING STUDENTS IN TRANSITION TO COLLEGE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Teri Schrader Head Of School | OfficerTrustee | 40 | $289,942 |
Jennifer Destefani Director Of Development | 40 | $116,515 | |
Ryan Reese Head Of Upper School | 40 | $115,510 | |
Wanda Schulman Director Of Finance | Officer | 40 | $115,225 |
John Crosson Director Of Admissions And | 40 | $114,568 | |
Julia Winer Vice President | OfficerTrustee | 3 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Dattco Inc Transportation Contractor | 6/29/19 | $121,008 |
Modern Mechanical Hvac | 6/29/19 | $183,658 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $31,485 |
| Related organizations | $0 |
| Government grants | $51,250 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,043,979 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,126,714 |
| Total Program Service Revenue | $10,512,506 |
| Investment income | $323,049 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $22,770 |
| Net Gain/Loss on Asset Sales | -$33,880 |
| Net Income from Fundraising Events | $75,720 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $12,026,879 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $3,592,377 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $428,795 |
| Compensation of current officers, directors, key employees. | $88,783 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,590,378 |
| Pension plan accruals and contributions | $309,351 |
| Other employee benefits | $743,857 |
| Payroll taxes | $368,225 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,805 |
| Fees for services: Accounting | $40,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $41,000 |
| Advertising and promotion | $42,037 |
| Office expenses | $49,266 |
| Information technology | $132,994 |
| Royalties | $0 |
| Occupancy | $591,126 |
| Travel | $110,488 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $31,241 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $598,757 |
| Insurance | $91,090 |
| All other expenses | $12,335 |
| Total functional expenses | $12,699,267 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $717,771 |
| Pledges and grants receivable | $290,590 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $9,460 |
| Prepaid expenses and deferred charges | $121,643 |
| Net Land, buildings, and equipment | $8,273,913 |
| Investments—publicly traded securities | $9,678,201 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $19,091,578 |
| Accounts payable and accrued expenses | $614,827 |
| Grants payable | $0 |
| Deferred revenue | $1,753,446 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $599,577 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $2,967,850 |
| Net assets without donor restrictions | $7,345,144 |
| Net assets with donor restrictions | $8,778,584 |
| 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 | $19,091,578 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Watkinson School has recieved totaling $45,000.
| Awarding Organization | Amount |
|---|---|
The Hpb Foundation Dallas, TX PURPOSE: HEAD SCHOLARSHIP PROGRAM | $45,000 |
Endowment Analysis
| Beg. Balance | $9,887,288 |
| Earnings | -$1,364,381 |
| Net Contributions | $205,821 |
| Other Expense | $420,000 |
| Ending Balance | $8,308,728 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
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 |
Tabor Academy Marion, MA | $131,644,395 | $42,865,044 |
Berkshire School Inc Sheffield, MA | $360,181,943 | $53,167,690 |
Norwich Free Academy Norwich, CT | $43,430,200 | $37,532,143 |
St Marks School Of Southborough Inc Southborough, MA | $256,704,983 | $26,796,658 |
Beaver Country Day School Inc Chestnut Hill, MA | $85,211,798 | $37,690,859 |
Trustees Of Westminster School Inc Simsbury, CT | $266,021,202 | $46,508,932 |
Williston Northampton School Easthampton, MA | $100,619,158 | $41,610,730 |
St Georges School Newport, RI | $313,371,330 | $43,582,609 |