Woodstock Academy
- Assets
- $30.8m
- Revenue
- $21.8m
- Investments
- $0.0
- Employees
- 235
- Location
- Woodstock, CT
- Founding
- 12/1974
- Data as of
- 06/2022
- EIN
- 06-0704624
Organization Overview
Woodstock Academy is located in Woodstock, CT. The organization was established in 1974. 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, Woodstock Academy employed 235 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Woodstock Academy 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, Woodstock Academy generated $21.8m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.3% each year. All expenses for the organization totaled $21.9m during the year ending 06/2022. While expenses have increased by 3.2% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PREPARE ALL STUDENTS FOR A LIFETIME OF LEARNING FOSTERING BOTH A SENSE OF PRIDE IN SELF AND EFFECTIVE PARTICIPATION IN FAMILY, COMMUNITY AND THE WORLD THROUGH A DIVERSITY OF EDUCATIONAL EXPERIENCE
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE A HIGH SCHOOL ENUCATION FOR APPROXIMATELY 1,100 STUDENTS OF THE TOWNS OF WOODSTOCK, EASTFORD, PROMFRET, BROOKLYN, CANTERBURY, OTHER SENDING TOWNS, INTERNATIONAL AND PRIVATE FAMILIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Christopher Sandford Headmaster | Officer | 50 | $274,959 |
Holly Singleton Principal | 50 | $173,492 | |
Michael Susi Asst. Head Of Scho | 50 | $179,749 | |
Jonathan Sturdevant Head School Advanc | 50 | $187,416 | |
Amy Favreau Vice Principal | 50 | $133,356 | |
Karin Hughes Dean Of Students | 50 | $133,906 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Juster Pope Frazier Llc Contractor | 6/29/22 | $117,500 |
Valley Restoration Llc Construction Contractor | 6/29/22 | $512,680 |
Flik Independent School Dining Compass Group Food Service | 6/29/22 | $819,525 |
Apex Technology Information Technology | 6/29/22 | $233,542 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $40,359 |
| Related organizations | $70,547 |
| Government grants | $1,488,179 |
| All other contributions, gifts, grants, and similar amounts not included above | $10,915 |
| Noncash contributions included in lines 1a–1f | $70,547 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,610,000 |
| Total Program Service Revenue | $20,037,040 |
| Investment income | $51,030 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $49,508 |
| Net Gain/Loss on Asset Sales | $43,596 |
| Net Income from Fundraising Events | -$8,920 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $9,499 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $21,847,398 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $314,743 |
| Compensation of current officers, directors, key employees. | $314,743 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $12,303,753 |
| Pension plan accruals and contributions | $96,992 |
| Other employee benefits | $1,896,207 |
| Payroll taxes | $422,850 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $69,913 |
| Fees for services: Accounting | $24,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $20,282 |
| Fees for services: Other | $181,137 |
| Advertising and promotion | $13,819 |
| Office expenses | $224,476 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,219,515 |
| Travel | $401,729 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $73,590 |
| Interest | $485,889 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,241,327 |
| Insurance | $442,376 |
| All other expenses | $0 |
| Total functional expenses | $21,859,011 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,476,607 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $386,611 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $23,875 |
| Prepaid expenses and deferred charges | $92,984 |
| Net Land, buildings, and equipment | $25,125,684 |
| Investments—publicly traded securities | $1,823,289 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $866,280 |
| Total assets | $30,795,330 |
| Accounts payable and accrued expenses | $875,937 |
| Grants payable | $0 |
| Deferred revenue | $1,387,911 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $410,658 |
| Secured mortgages and notes payable | $16,932,648 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $151,034 |
| Total liabilities | $19,758,188 |
| Net assets without donor restrictions | $11,037,142 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $30,795,330 |