St Thomas More School Inc
- Assets
- $9.2m
- Revenue
- $4.7m
- Investments
- $0.0
- Employees
- 52
- Location
- Oakdale, CT
- Founding
- 11/1971
- Data as of
- 08/2022
- EIN
- 06-0876084
Organization Overview
St Thomas More School Inc is located in Oakdale, CT. The organization was established in 1971. According to its NTEE Classification (B20) the organization is classified as: Elementary & Secondary Schools, under the broad grouping of Education and related organizations. As of 08/2022, St Thomas More School Inc employed 52 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. St Thomas More 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 08/2022, St Thomas More School Inc generated $4.7m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (4.3%) each year. All expenses for the organization totaled $5.4m during the year ending 08/2022. As we would expect to see with falling revenues, expenses have declined by (2.2%) per year over the past 7 years. 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
A SECONDARY COLLEGE PREPARATORY BOARDING SCHOOL. THE SCHOOL OFFERS GRADES 8TH TO 12TH, AS WELL AS POSTGRADUATE STUDIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATE STUDENTS, HOUSE STUDENTS AND STAFF, AND FEED STUDENTS AND STAFF.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Matthew Quinn Headmaster | OfficerTrustee | 40 | $95,846 |
James Michael Kofahl Vice Chair | OfficerTrustee | 0 | $0 |
Robert Keegan Chair | OfficerTrustee | 0 | $0 |
Nick Macarchuk Trustee | Trustee | 0 | $0 |
Bryan Mccready Trustee | Trustee | 0 | $0 |
J Hull Manwaring Controller | Trustee | 40 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Connecticare Insurance | 8/30/22 | $262,886 |
Sage Dining Service Dining | 8/30/22 | $732,728 |
Bozrah Light & Power Electricity | 8/30/22 | $156,135 |
Saveway Petroleum Heating | 8/30/22 | $256,335 |
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 | $390,570 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $390,570 |
| Total Program Service Revenue | $3,869,566 |
| Investment income | $1,374 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,679,934 |
| 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. | $128,000 |
| Compensation of current officers, directors, key employees. | $128,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,570,724 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $366,580 |
| Payroll taxes | $126,347 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $442 |
| Fees for services: Accounting | $9,100 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $415,720 |
| Travel | $33,615 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $8,583 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $112,120 |
| Insurance | $149,627 |
| All other expenses | $453,303 |
| Total functional expenses | $5,403,268 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $374,822 |
| Savings and temporary cash investments | $1,144,578 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $6,055,802 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $122,823 |
| Net Land, buildings, and equipment | $1,516,278 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $9,214,303 |
| Accounts payable and accrued expenses | $186,292 |
| Grants payable | $0 |
| Deferred revenue | $8,569,697 |
| 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 | $1,224,035 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $158,675 |
| Total liabilities | $10,138,699 |
| Net assets without donor restrictions | -$958,810 |
| Net assets with donor restrictions | $34,414 |
| 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 | $9,214,303 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that St Thomas More School Inc has recieved totaling $12,000.
| Awarding Organization | Amount |
|---|---|
Goldman Sachs Philanthropy Fund New York, NY PURPOSE: EDUCATION | $12,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Albany Academy Albany, NY | $58,726,077 | $27,181,105 |
Cambridge School Of Weston Inc Weston, MA | $57,046,494 | $20,616,161 |
Nichols School Of Buffalo Buffalo, NY | $102,003,479 | $42,213,694 |
Yeshiva Shaare Torah Inc Brooklyn, NY | $32,363,623 | $20,724,747 |
Ideal School Of Manhattan New York, NY | $22,538,816 | $19,239,739 |
Harvey School Katonah, NY | $30,358,551 | $19,988,341 |
Lincoln School Providence, RI | $36,052,997 | $18,197,199 |
The Harley School Rochester, NY | $36,830,266 | $16,619,746 |
Quad Preparatory School New York, NY | $14,717,917 | $18,563,667 |
Amber Charter School New York, NY | $18,229,334 | $20,911,182 |
Green Vale School Old Brookville, NY | $64,002,052 | $17,567,329 |
Winchendon School Inc Winchendon, MA | $68,621,046 | $15,557,946 |