Kimberton Farms School Inc
- Assets
- $9.1m
- Revenue
- $6.2m
- Investments
- $3.1m
- Employees
- 108
- Location
- Kimberton, PA
- Founding
- 12/1957
- Data as of
- 06/2022
- EIN
- 23-1494797
Organization Overview
Kimberton Farms School Inc is located in Kimberton, PA. The organization was established in 1957. 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 06/2022, Kimberton Farms School Inc employed 108 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kimberton Farms 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 06/2022, Kimberton Farms School Inc generated $6.2m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.8%) each year. All expenses for the organization totaled $5.6m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (1.1%) 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
PRIVATE EDUCATIONAL INSTITUTION FOR GRADES PRE-K TO 12.
Describe the Organization's Program Activity:
Part 3 - Line 4a
A PRIVATE SCHOOL FOR APPROXIMATELY 300 STUDENTS IN GRADES PRE-K TO 12. PROGRAM SERVICES INCLUDE ALL RELATED ACTIVITIES INVOLVED IN THE NORMAL OPERATIONS OF THE SCHOOL'S EDUCATIONAL PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brad Kershner Dean Of School | Officer | 40 | $40,634 |
William Wiedmann Chair | OfficerTrustee | 1 | $0 |
Neil Sicherman Treasurer | OfficerTrustee | 1 | $0 |
Patricia Brett Secretary | OfficerTrustee | 1 | $0 |
Andreas Schad Trustee | Trustee | 1 | $0 |
Liane Raciti Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $85,344 |
| Related organizations | $0 |
| Government grants | $406,974 |
| All other contributions, gifts, grants, and similar amounts not included above | $648,456 |
| Noncash contributions included in lines 1a–1f | $35,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,140,774 |
| Total Program Service Revenue | $4,820,364 |
| Investment income | $68,697 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $142,297 |
| Net Income from Fundraising Events | -$3,617 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,168,515 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,049,685 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $103,235 |
| Compensation of current officers, directors, key employees. | $15,485 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,582,091 |
| Pension plan accruals and contributions | $20,216 |
| Other employee benefits | $403,057 |
| Payroll taxes | $210,438 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,243 |
| Fees for services: Accounting | $58,064 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $28,338 |
| Fees for services: Other | $31,183 |
| Advertising and promotion | $0 |
| Office expenses | $3,377 |
| Information technology | $32,165 |
| Royalties | $0 |
| Occupancy | $135,291 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $417 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $218,417 |
| Insurance | $110,404 |
| All other expenses | $21,100 |
| Total functional expenses | $5,605,633 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $78,469 |
| Savings and temporary cash investments | $504,040 |
| Pledges and grants receivable | $493,063 |
| Accounts receivable, net | $56,443 |
| 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 | $31,040 |
| Net Land, buildings, and equipment | $3,553,716 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $3,068,968 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,297,010 |
| Total assets | $9,082,749 |
| Accounts payable and accrued expenses | $208,821 |
| Grants payable | $0 |
| Deferred revenue | $325,900 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $4,314 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $61,561 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $600,596 |
| Net assets without donor restrictions | $5,896,976 |
| Net assets with donor restrictions | $2,585,177 |
| 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 | $9,082,749 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Kimberton Farms School Inc has recieved totaling $1,000.
| Awarding Organization | Amount |
|---|---|
The Aspen Grove Fondation Wilmington, DE PURPOSE: GENERAL & UNRESTRICTED | $1,000 |
Endowment Analysis
| Beg. Balance | $3,391,498 |
| Earnings | -$486,068 |
| Other Expense | $78,857 |
| Ending Balance | $2,826,573 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Executive Education Academy Charter School Allentown, PA | $63,584,076 | $23,169,797 |
Foundation Academy Charter School Trenton, NJ | $16,120,573 | $21,345,321 |
Albany Academy Albany, NY | $58,726,077 | $27,181,105 |
Tatnall School Inc Wilmington, DE | $48,687,568 | $19,526,911 |
Elisabeth Morrow School Englewood, NJ | $43,835,854 | $20,290,882 |
Yeshiva Ktana Of Passaic Passaic, NJ | $33,764,196 | $20,538,079 |
Franklintown Charter High School Philadelphia, PA | $47,616,708 | $24,090,071 |
Nichols School Of Buffalo Buffalo, NY | $102,003,479 | $42,213,694 |
Yeshiva Shaare Torah Inc Brooklyn, NY | $32,363,623 | $20,724,747 |
Yeshivat Heatid Inc Teaneck, NJ | $17,160,980 | $19,921,065 |
Ideal School Of Manhattan New York, NY | $22,538,816 | $19,239,739 |
Peck School Morristown, NJ | $71,516,691 | $18,101,005 |