Ethel Walker School Inc
- Assets
- $75.6m
- Revenue
- $18.1m
- Investments
- $14.6m
- Employees
- 168
- Location
- Simsbury, CT
- Founding
- 01/1956
- Data as of
- 06/2020
- EIN
- 06-0689699
Organization Overview
Ethel Walker School Inc is located in Simsbury, CT. The organization was established in 1956. 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, Ethel Walker School Inc employed 168 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ethel Walker 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 06/2020, Ethel Walker School Inc generated $18.1m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (2.2%) each year. All expenses for the organization totaled $21.1m during the year ending 06/2020. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
THE ETHEL WALKER SCHOOL IS AN INDEPENDENT, COLLEGE PREPARATORY, BOARDING AND DAY SCHOOL FOR GIRLS IN GRADES SIX THROUGH TWELVE. SINCE 1911, THE ETHEL WALKER SCHOOL HAS EXCELLED AT PREPARING STUDENTS TO MAKE A DIFFERENCE IN THE WORLD. MEMBERS OF THIS DIVERSE COMMUNITY ARE DEDICATED TO SCHOLARSHIP, THE ARTS, ATHLETICS, WELLNESS, AND SERVICE. THE SATISFACTION OF ACHIEVEMENT AND JOY OF FRIENDSHIP ARE FUNDAMENTAL PRINCIPLES AS THE SCHOOL EMPOWERS GIRLS TO LEAD WITH INTEGRITY, CONFIDENCE, COURAGE, AND CONVICTION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
INSTRUCTION OF STUDENTS AND SUPPORT SERVICES FOR INSTRUCTION PROGRAMS
ATHLETIC PROGRAMS/RIDING INSTRUCTION
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Meera Viswanathan Head Of School | OfficerTrustee | 40 | $350,704 |
Gretchen Orschiedt Assistant Head For Advancement | Officer | 40 | $217,818 |
Aline Rossiter Dir Of Enrollment Mgmt | 40 | $126,251 | |
Richard Meier Director Of Facilities | 40 | $115,606 | |
Sarah Edson Dean Of Faculty | 40 | $109,454 | |
Mark Fuller Director Of Technology | 40 | $103,949 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Flik International Corp Compass Group U Dining Services | 6/29/21 | $780,502 |
Footing First Llc Equestrian Show Ring Improvements | 6/29/21 | $220,370 |
Kelianda Farm Inc Riding Service | 6/29/21 | $339,137 |
Smg Corporate Services Llc Temp Labor Service | 6/29/21 | $108,068 |
Us Security Associates Inc An Allied U Security Service | 6/29/21 | $108,058 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,955,403 |
| Investment income | $228,264 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $71,174 |
| Net Gain/Loss on Asset Sales | -$341,044 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $27,201 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $18,133,207 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $4,429,271 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $768,589 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $6,455,631 |
| Pension plan accruals and contributions | $347,797 |
| Other employee benefits | $801,558 |
| Payroll taxes | $486,593 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $26,676 |
| Fees for services: Accounting | $71,509 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $212,780 |
| Fees for services: Investment Management | $49,267 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $394,706 |
| Information technology | $186,998 |
| Royalties | $0 |
| Occupancy | $1,029,080 |
| Travel | $129,685 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $19,236 |
| Interest | $425,925 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,304,211 |
| Insurance | $347,941 |
| All other expenses | $0 |
| Total functional expenses | $21,066,410 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $413,254 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $195,999 |
| Accounts receivable, net | $2,021,377 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $51,893 |
| Prepaid expenses and deferred charges | $84,249 |
| Investments—publicly traded securities | $18,957,073 |
| Investments—other securities | $14,555,733 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $501,080 |
| Total assets | $75,599,307 |
| Accounts payable and accrued expenses | $707,099 |
| Grants payable | $0 |
| Deferred revenue | $5,103,656 |
| Tax-exempt bond liabilities | $16,822,236 |
| 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 | $3,234,057 |
| Total liabilities | $25,867,048 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $49,732,259 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Ethel Walker School Inc has recieved totaling $32,000.
| Awarding Organization | Amount |
|---|---|
Woodland Foundation Inc New York, NY PURPOSE: EDUCATIONAL | $25,000 |
Shopneck Family Foundation Denver, CO PURPOSE: GENERAL SUPPORT | $5,000 |
Rauch Rainoff Foundation Inc Southern Pnes, NC PURPOSE: UNRESTRICTED | $1,000 |
Bay Branch Foundation Boca Raton, FL PURPOSE: TO FINANCE SCHOLARSHIP FUND | $1,000 |
Endowment Analysis
| Beg. Balance | $15,415,566 |
| Net Contributions | $2,966,697 |
| Other Expense | $653,104 |
| Grants | $182,274 |
| Ending Balance | $17,546,885 |
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 |