Kimberton Farms School Inc
- Assets
- $9.6m
- Revenue
- $5.9m
- Investments
- $3.3m
- Employees
- 120
- Location
- Phoenixville, PA
- Founding
- 12/1957
- Data as of
- 06/2023
- EIN
- 23-1494797
Organization Overview
Kimberton Farms School Inc is located in Phoenixville, 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 06/2023, Kimberton Farms School Inc employed 120 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 06/2023, Kimberton Farms School Inc generated $5.9m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (1.1%) each year. All expenses for the organization totaled $5.8m during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (0.5%) per year over the past 8 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
2023
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 |
|---|---|---|---|
Patricia Brett Secretary | OfficerTrustee | 1 | $0 |
Andreas Schad Chair | OfficerTrustee | 1 | $0 |
Liane Raciti Trustee | Trustee | 1 | $0 |
Warren Sullivan Trustee | Trustee | 1 | $0 |
Natalie Famous Trustee | Trustee | 1 | $0 |
Christopher Demont Treasurer | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $99,086 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $476,875 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $575,961 |
| Total Program Service Revenue | $5,242,721 |
| Investment income | $119,347 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,690 |
| Net Income from Fundraising Events | $455 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,941,174 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,095,896 |
| 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 | $2,729,003 |
| Pension plan accruals and contributions | $26,712 |
| Other employee benefits | $418,542 |
| Payroll taxes | $222,356 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,590 |
| Fees for services: Accounting | $30,890 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $24,358 |
| Fees for services: Other | $11,917 |
| Advertising and promotion | $0 |
| Office expenses | $2,814 |
| Information technology | $26,491 |
| Royalties | $0 |
| Occupancy | $167,917 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $365 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $238,572 |
| Insurance | $127,548 |
| All other expenses | $25,142 |
| Total functional expenses | $5,813,531 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $149,225 |
| Savings and temporary cash investments | $1,059,717 |
| Pledges and grants receivable | $1,835 |
| Accounts receivable, net | $37,130 |
| 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 | $38,506 |
| Net Land, buildings, and equipment | $3,659,191 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $3,345,845 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,358,550 |
| Total assets | $9,649,999 |
| Accounts payable and accrued expenses | $267,458 |
| Grants payable | $0 |
| Deferred revenue | $441,477 |
| 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 | $8,053 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $721,302 |
| Net assets without donor restrictions | $6,254,677 |
| Net assets with donor restrictions | $2,674,020 |
| 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 | $9,649,999 |