Avon Old Farms School Inc is located in Avon, CT. The organization was established in 1958. 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, Avon Old Farms School Inc employed 233 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Avon Old Farms 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, Avon Old Farms School Inc generated $38.1m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.8% each year. All expenses for the organization totaled $34.1m during the year ending 06/2023. While expenses have increased by 2.3% 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
AVON OLD FARMS DEVELOPS BOYS INTO MEN OF STRONG MORAL CHARACTER WITH CONVICTION WHO LEARN TOGETHER IN AN INCLUSIVE, TIME-HONORED COMMUNITY DEFINED BY ACADEMIC, ATHLETIC, AND CREATIVE EXCELLENCE.
Describe the Organization's Program Activity:
INDEPENDENT SECONDARY SCHOOL WITH 295 BOARDING STUDENTS AND 102 DAY STUDENTS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Glenn Sieber Chairman | OfficerTrustee | 1 | $0 |
Dean C Graham Co-Vice Chairman | OfficerTrustee | 1 | $0 |
William P Austin Vice Chairman / Treasurer | OfficerTrustee | 1 | $0 |
Christopher S Drew Secretary | OfficerTrustee | 1 | $0 |
Alejandro Laplana Director | Trustee | 0.5 | $0 |
Brian Conroy Director | Trustee | 0.5 | $0 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Bartlett Brainard And Eacott Construction | 6/29/23 | $1,967,519 |
Stanley Weisen Inc Construction | 6/29/23 | $434,786 |
Alden Bailey Construction | 6/29/23 | $1,658,161 |
Talcott View Development Construction/snow Removal | 6/29/23 | $390,168 |
Cape Island Tennis And Track Construction | 6/29/23 | $1,078,247 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $9,302 |
Related organizations | $0 |
Government grants | $341,751 |
All other contributions, gifts, grants, and similar amounts not included above | $6,770,608 |
Noncash contributions included in lines 1a–1f | $499,217 |
Total Revenue from Contributions, Gifts, Grants & Similar | $7,121,661 |
Total Program Service Revenue | $27,770,116 |
Investment income | $2,197,027 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $62,772 |
Net Gain/Loss on Asset Sales | $94,943 |
Net Income from Fundraising Events | $40,843 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $164,248 |
Miscellaneous Revenue | $0 |
Total Revenue | $38,106,201 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $0 |
Grants and other assistance to domestic individuals. | $5,824,383 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $876,408 |
Compensation of current officers, directors, key employees. | $194,907 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $10,999,692 |
Pension plan accruals and contributions | $1,268,343 |
Other employee benefits | $2,429,953 |
Payroll taxes | $862,696 |
Fees for services: Management | $0 |
Fees for services: Legal | $12,599 |
Fees for services: Accounting | $43,491 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $89,054 |
Fees for services: Investment Management | $174,653 |
Fees for services: Other | $611,830 |
Advertising and promotion | $54,668 |
Office expenses | $437,314 |
Information technology | $462,358 |
Royalties | $0 |
Occupancy | $2,382,840 |
Travel | $529,991 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $825,536 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $2,456,580 |
Insurance | $0 |
All other expenses | $557,865 |
Total functional expenses | $34,056,672 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $0 |
Savings and temporary cash investments | $18,656,565 |
Pledges and grants receivable | $3,492,119 |
Accounts receivable, net | $13,615 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $78,760 |
Prepaid expenses and deferred charges | $895,863 |
Net Land, buildings, and equipment | $68,591,498 |
Investments—publicly traded securities | $70,370,031 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $590,200 |
Total assets | $162,688,651 |
Accounts payable and accrued expenses | $1,278,787 |
Grants payable | $0 |
Deferred revenue | $11,065,871 |
Tax-exempt bond liabilities | $33,708,961 |
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 | $0 |
Total liabilities | $46,053,619 |
Net assets without donor restrictions | $90,548,045 |
Net assets with donor restrictions | $26,086,987 |
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 | $162,688,651 |