Sanford School Inc
- Assets
- $35.0m
- Revenue
- $23.0m
- Investments
- $0.0
- Employees
- 282
- Location
- Hockessin, DE
- Founding
- 08/1935
- Data as of
- 06/2024
- EIN
- 51-0064331
Organization Overview
Sanford School Inc is located in Hockessin, DE. The organization was established in 1935. According to its NTEE Classification (B24) the organization is classified as: Primary & Elementary Schools, under the broad grouping of Education and related organizations. As of 06/2024, Sanford School Inc employed 282 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sanford 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 06/2024, Sanford School Inc generated $23.0m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 4.1% each year. All expenses for the organization totaled $21.0m during the year ending 06/2024. While expenses have increased by 3.6% per year over the past 9 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
TO IDENTIFY AND DEVELOP THE INTELLECTUAL AND CREATIVE TALENTS OF A DIVERSE GROUP OF STUDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE QUALITY EDUCATION FOR STUDENTS IN PRIMARY AND SECONDARY EDUCATION SETTINGS (PRESCHOOL TO 12TH GRADE)
AUXILIARY SERVICES AND PROGRAMS - BOOKSTORE, FOOD SERVICE, SUMMER PROGRAMS, EXTENDED DAY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Theodore H Dwyer III Trustee | Trustee | 5 | $0 |
Chai Gadde Trustee | Trustee | 5 | $0 |
Laura Giardina Trustee | Trustee | 5 | $0 |
Susan Keiser Treasurer | OfficerTrustee | 5 | $0 |
Desmond A Baker Trustee | Trustee | 5 | $0 |
Jason Russell President | OfficerTrustee | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Health First Cleaning Services Cleaning Services | 6/29/24 | $253,740 |
Blue Hen Mechanical Construction | 6/29/24 | $209,680 |
Cfomw Tax Llc Financial Consultant | 6/29/24 | $172,790 |
Csri Computer Consultant | 6/29/24 | $190,685 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $50,000 |
| Government grants | $1,874,611 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,575,063 |
| Noncash contributions included in lines 1a–1f | $17,545 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,499,674 |
| Total Program Service Revenue | $18,594,328 |
| Investment income | $358,574 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $23,800 |
| Net Gain/Loss on Asset Sales | $489,207 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $9,722 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $22,975,305 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $4,756,445 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $448,441 |
| Compensation of current officers, directors, key employees. | $224,219 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $8,396,539 |
| Pension plan accruals and contributions | $189,704 |
| Other employee benefits | $2,501,892 |
| Payroll taxes | $634,158 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,587 |
| Fees for services: Accounting | $30,750 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $30,303 |
| Fees for services: Other | $8,600 |
| Advertising and promotion | $96,817 |
| Office expenses | $88,465 |
| Information technology | $323,287 |
| Royalties | $0 |
| Occupancy | $975,547 |
| Travel | $89,584 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $71,912 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,052,986 |
| Insurance | $133,284 |
| All other expenses | $188,174 |
| Total functional expenses | $21,038,798 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $932,060 |
| Savings and temporary cash investments | $901 |
| Pledges and grants receivable | $624,197 |
| Accounts receivable, net | $60,076 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $5,000 |
| Prepaid expenses and deferred charges | $56,543 |
| Net Land, buildings, and equipment | $17,725,602 |
| Investments—publicly traded securities | $15,566,334 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $18,231 |
| Total assets | $34,988,944 |
| Accounts payable and accrued expenses | $1,204,376 |
| Grants payable | $0 |
| Deferred revenue | $1,565,910 |
| 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 | $1,287,654 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $35,727 |
| Total liabilities | $4,093,667 |
| Net assets without donor restrictions | $22,783,157 |
| Net assets with donor restrictions | $8,112,120 |
| 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 | $34,988,944 |