Waring School Inc
- Assets
- $17.2m
- Revenue
- $7.4m
- Investments
- $0.0
- Employees
- 100
- Location
- Beverly, MA
- Founding
- 09/1971
- Data as of
- 06/2023
- EIN
- 23-7123080
Organization Overview
Waring School Inc is located in Beverly, MA. 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 06/2023, Waring School Inc employed 100 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Waring 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, Waring School Inc generated $7.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.7% each year. All expenses for the organization totaled $7.5m during the year ending 06/2023. While expenses have increased by 3.6% per year over the past 7 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
QUALITY EDUCATION OF CHILDREN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WARING SCHOOL'S EDUCATION MODEL CULTIVATES THE ANALYTICAL MIND AND THE EXPRESSIVE VOICE, AT THE INDIVIDUAL AND COMMUNITY LEVEL. A SCHOOL DRIVEN BY DIVERSE IDEAS AND A LOVE OF LEARNING, WARING BLENDS A PROGRESSIVE EDUCATIONAL PEDAGOGY WITH A RIGOROUS LIBERAL ARTS CURRICULUM FOR GRADES 6 THROUGH 12. STUDENTS AND THE TEACHERS ARE ASKED TO TAKE RISKS AND STRETCH THEMSELVES. WARING'S PEDAGOGY CHALLENGES THE TRADITIONAL NOTION OF A CLASSROOM THROUGH MIXED-AGE EXPERIENCES, EXPERIENTIAL LEARNING, TRAVEL AND COMMUNITY SERVICE. WARING'S EDUCATIONAL PROCESS INCLUDES PROJECT BASED EXPERIENCES SUCH AS CAMPING TRIP AND ENDTERM, AND HAS A COMPREHENSIVE ADVISORY/TUTORIAL SYSTEM OF MIXED AGES. CLASSES ARE OFTEN DISCUSSION-BASED AND BUILT AROUND A SINGLE TABLE OR CIRCLE.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Yew Cheong Tham Chair | OfficerTrustee | 3 | $0 |
Cindy Keegan Vice Chair | OfficerTrustee | 3 | $0 |
Miranda Russell Treasurer | OfficerTrustee | 3 | $0 |
John Rossi Secretary | OfficerTrustee | 3 | $0 |
Todd Balf Trustee | Trustee | 2 | $0 |
Mary Boyd Trustee | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Bellmore's Transportation Transportation Services | 6/29/23 | $163,382 |
Gdi Services Inc Cleaning Service | 6/29/23 | $125,081 |
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 | $493,947 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $493,947 |
| Total Program Service Revenue | $5,602,814 |
| Investment income | $155,030 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $178,499 |
| Net Income from Fundraising Events | $46,792 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,428,243 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,428,654 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,928,154 |
| Pension plan accruals and contributions | $68,793 |
| Other employee benefits | $417,796 |
| Payroll taxes | $235,343 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $84,168 |
| Fees for services: Accounting | $15,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $20,815 |
| Fees for services: Other | $0 |
| Advertising and promotion | $37,152 |
| Office expenses | $76,878 |
| Information technology | $76,941 |
| Royalties | $0 |
| Occupancy | $140,310 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $7,546 |
| Interest | $46,965 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $512,117 |
| Insurance | $100,200 |
| All other expenses | $401,006 |
| Total functional expenses | $7,492,961 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $811,349 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $47,342 |
| Accounts receivable, net | $29,707 |
| 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 | $18,529 |
| Net Land, buildings, and equipment | $8,734,062 |
| Investments—publicly traded securities | $6,864,764 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $729,476 |
| Total assets | $17,235,229 |
| Accounts payable and accrued expenses | $76,258 |
| Grants payable | $0 |
| Deferred revenue | $1,195,232 |
| Tax-exempt bond liabilities | $491,514 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $790,745 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $78,063 |
| Total liabilities | $2,631,812 |
| Net assets without donor restrictions | $14,132,352 |
| Net assets with donor restrictions | $471,065 |
| 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 | $17,235,229 |