William L Gilbert School Corp
- Assets
- $8.9m
- Revenue
- $9.0m
- Investments
- $0.0
- Employees
- 133
- Location
- Winsted, CT
- Founding
- 06/1991
- Data as of
- 06/2023
- 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 06/2023, William L Gilbert School Corp employed 133 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 06/2023, William L Gilbert School Corp generated $9.0m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.8% each year. All expenses for the organization totaled $9.3m during the year ending 06/2023. While expenses have increased by 0.5% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
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 |
|---|---|---|---|
Greg Shugrue Head Of Schools | Officer | 40 | $184,320 |
Debra Lewis Assoc. Principal | 40 | $144,318 | |
Maura Hurley Assoc. Principal | 40 | $123,414 | |
Donald Crossman Teacher/admin. | 40 | $125,018 | |
Astrid H Robitaille Vice Chairman | OfficerTrustee | 2 | $0 |
Theresa Padin Secretary | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $9,931 |
| Government grants | $558,498 |
| 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 | $568,429 |
| Total Program Service Revenue | $8,387,222 |
| Investment income | $1,303 |
| 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 | $8,961,334 |
| 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. | $233,248 |
| Compensation of current officers, directors, key employees. | $5,831 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,272,245 |
| Pension plan accruals and contributions | $68,704 |
| Other employee benefits | $1,046,382 |
| Payroll taxes | $170,173 |
| 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 | $218,712 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $456,740 |
| Travel | $7,433 |
| 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 | $638,412 |
| Insurance | $0 |
| All other expenses | $179,153 |
| Total functional expenses | $9,272,659 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,414,953 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $103,729 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $49,121 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $7,382,084 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $8,949,887 |
| Accounts payable and accrued expenses | $691,207 |
| Grants payable | $0 |
| Deferred revenue | $7,941 |
| 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 | $36,510 |
| Other liabilities | $0 |
| Total liabilities | $735,658 |
| Net assets without donor restrictions | $7,863,328 |
| Net assets with donor restrictions | $350,901 |
| 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 | $8,949,887 |