Park Tudor Foundation Inc
- Assets
- $63.0m
- Revenue
- $34.0m
- Investments
- $0.0
- Employees
- 339
- Location
- Indianapolis, IN
- Founding
- 01/1938
- Data as of
- 06/2021
- EIN
- 35-0909976
Organization Overview
Park Tudor Foundation Inc is located in Indianapolis, IN. The organization was established in 1938. 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 06/2021, Park Tudor Foundation Inc employed 339 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Park Tudor Foundation 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 06/2021, Park Tudor Foundation Inc generated $34.0m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.3% each year. All expenses for the organization totaled $28.9m during the year ending 06/2021. While expenses have increased by 0.6% per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO CREATE AN INSPIRING COLLEGE-PREPARATORY LEARNING ENVIRONMENT, WITH EXCEPTIONAL EDUCATORS AND EXTRAORDINARY OPPORTUNITIES, THAT PREPARES AND MOTIVATES STUDENTS TO BECOME BALANCED, CONFIDENT, AND RESOURCEFUL LIFELONG LEARNERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE PRIVATE EDUCATION FOR 907 STUDENTS AGES 3 THROUGH GRADE 12.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gareth Vaughn Head Of School | Officer | 40 | $346,961 |
Shants Hart Associate Head Of School F | Officer | 40 | $192,680 |
Mary Cassidy CFO | Officer | 40 | $167,835 |
Kelly Teller Director Of Development | 40 | $147,160 | |
Jr Shelt Director Of Enrollment Management | 40 | $135,821 | |
Ken Wempe Middle School Director | 40 | $134,610 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Shiel Sexton Construction Services | 6/29/21 | $3,940,643 |
Cso Architects Architecture Services | 6/29/21 | $829,163 |
Quest Fms Food Services | 6/29/21 | $766,328 |
C H Garmong & Son Inc Construction Services | 6/29/21 | $609,808 |
North Mechanical Services Inc Maintenance | 6/29/21 | $433,184 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $7,850 |
| Related organizations | $2,440,000 |
| Government grants | $2,949,194 |
| All other contributions, gifts, grants, and similar amounts not included above | $6,135,135 |
| Noncash contributions included in lines 1a–1f | $74,665 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $11,532,179 |
| Total Program Service Revenue | $22,246,497 |
| Investment income | $190,517 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$816 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$1,224 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$657 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $33,968,467 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $3,340,520 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $893,042 |
| Compensation of current officers, directors, key employees. | $726,267 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $11,259,525 |
| Pension plan accruals and contributions | $944,913 |
| Other employee benefits | $2,045,740 |
| Payroll taxes | $847,327 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $93,290 |
| Fees for services: Accounting | $25,150 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $52,393 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $63,350 |
| Advertising and promotion | $143,025 |
| Office expenses | $434,176 |
| Information technology | $290,036 |
| Royalties | $0 |
| Occupancy | $2,052,770 |
| Travel | $19,071 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $48,691 |
| Interest | $6,930 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,746,058 |
| Insurance | $303,657 |
| All other expenses | $194,313 |
| Total functional expenses | $28,927,445 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $17,209,159 |
| Pledges and grants receivable | $6,597,807 |
| Accounts receivable, net | $191,109 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $5,128 |
| Prepaid expenses and deferred charges | $628,581 |
| Net Land, buildings, and equipment | $36,795,519 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,549,070 |
| Total assets | $62,976,373 |
| Accounts payable and accrued expenses | $4,312,084 |
| Grants payable | $0 |
| Deferred revenue | $7,179,803 |
| 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 | $0 |
| Other liabilities | $2,493,371 |
| Total liabilities | $13,985,258 |
| Net assets without donor restrictions | $29,485,819 |
| Net assets with donor restrictions | $19,505,296 |
| 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 | $62,976,373 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Park Tudor Foundation Inc has recieved totaling $40,000.
| Awarding Organization | Amount |
|---|---|
Forest Fund Inc Indianapolis, IN PURPOSE: BUILD POSSIBILITY CAMPAIGN | $20,000 |
Hulman & Company Foundation Inc Terre Haute, IN PURPOSE: GENERAL OPERATING EXPENSES | $20,000 |
Endowment Analysis
| Beg. Balance | $68,096,521 |
| Earnings | $21,641,653 |
| Net Contributions | $753,162 |
| Other Expense | $2,846,399 |
| Ending Balance | $87,644,937 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Chicago Charter School Foundation Chicago, IL | $115,297,280 | $112,450,747 |
Principia Corporation St Louis, MO | $1,121,774,918 | $256,921,200 |
Youth Connection Charter School Chicago, IL | $19,677,483 | $57,450,809 |
Latin School Of Chicago Chicago, IL | $156,636,530 | $50,037,538 |
Francis W Parker School Chicago, IL | $194,788,594 | $67,683,715 |
Mary Institute And Saint Louis Country Day School St Louis, MO | $240,203,179 | $40,528,498 |
Confluence Academy St Louis, MO | $36,687,360 | $48,180,498 |
Pembroke Hill School Kansas City, MO | $163,708,613 | $51,122,329 |
University School Of Milwaukee Corporation Milwaukee, WI | $59,516,474 | $37,531,617 |
Park Tudor Foundation Inc Indianapolis, IN | $62,976,373 | $33,968,467 |
Christian Academy Of Louisville Inc Louisville, KY | $31,042,976 | $28,033,644 |
North Shore Country Day School Winnetka, IL | $93,458,208 | $25,821,359 |