William L Gilbert School Corp
- Assets
- $9.6m
- Revenue
- $8.0m
- Investments
- $0.0
- Employees
- 124
- Location
- Winsted, CT
- Founding
- 06/1991
- Data as of
- 06/2021
- EIN
- 22-3110244
Organization Overview
William L Gilbert School Corp is located in Winsted, CT. The organization was established in 1991. 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, William L Gilbert School Corp employed 124 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. William L Gilbert School Corp 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 06/2021, William L Gilbert School Corp generated $8.0m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (0.8%) each year. All expenses for the organization totaled $8.4m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (1.0%) per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
SUPPORT EDUCATION OF STUDENTS IN GRADES 7-12.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF A SCHOOL FOR GRADES 7-12 FOR RESIDENTS OF WINCHESTER AND HARTLAND.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Susan Sojka Principal | 40 | $164,017 | |
Debra Lewis Curriculum Dir. | 40 | $125,251 | |
Julie Mcdougall Director Guidance | 40 | $123,392 | |
Maura Hurley Dean Of Students | 40 | $115,598 | |
Anthony Serio Head Of Schools | Officer | 20 | $114,971 |
Theresa Padin Vice Chairman | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $1,000 |
| Government grants | $339,012 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $340,012 |
| Total Program Service Revenue | $7,656,260 |
| Investment income | $2,900 |
| 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 | $8,001,337 |
| 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. | $113,984 |
| Compensation of current officers, directors, key employees. | $2,850 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,720,109 |
| Pension plan accruals and contributions | $67,171 |
| Other employee benefits | $979,424 |
| Payroll taxes | $141,944 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| 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 | $223,535 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $388,254 |
| Travel | $1,121 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $546,419 |
| Insurance | $0 |
| All other expenses | $271,104 |
| Total functional expenses | $8,401,683 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,034,357 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $96,192 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $46,690 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $7,450,512 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $9,627,751 |
| Accounts payable and accrued expenses | $768,331 |
| Grants payable | $0 |
| Deferred revenue | $4,342 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $59,665 |
| Other liabilities | $0 |
| Total liabilities | $832,338 |
| Net assets without donor restrictions | $8,560,305 |
| Net assets with donor restrictions | $235,108 |
| 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 | $9,627,751 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that William L Gilbert School Corp has recieved totaling $8,000.
| Awarding Organization | Amount |
|---|---|
Americas Charities Chantilly, VA PURPOSE: GENERAL SUPPORT | $8,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Central Catholic High School Inc Lawrence, MA | $53,774,234 | $20,404,394 |
Yeshiva University High Schools New York, NY | $22,674,721 | $20,464,649 |
Bancroft School Worcester, MA | $41,590,208 | $15,668,076 |
Woodstock Academy Woodstock, CT | $31,824,143 | $19,974,211 |
Miss Halls School Inc Pittsfield, MA | $50,566,747 | $21,121,476 |
Rectory School Inc Pomfret, CT | $61,030,805 | $27,484,393 |
Westover School Inc Middlebury, CT | $114,183,779 | $14,889,393 |
Ridgefield Academy Inc Ridgefield, CT | $32,737,443 | $17,017,349 |
Keio Academy Of New York Purchase, NY | $60,256,729 | $12,685,966 |
Chapel Hill-Chauncy Hall School Waltham, MA | $22,980,670 | $15,324,002 |
North Shore Hebrew Academy High School Great Neck, NY | $49,436,731 | $14,949,978 |
Watkinson School Hartford, CT | $19,091,578 | $12,026,879 |