Pierrepont School Inc
- Assets
- $3.9m
- Revenue
- $6.1m
- Investments
- $0.0
- Employees
- 57
- Location
- Westport, CT
- Founding
- 11/2002
- Data as of
- 06/2022
- EIN
- 52-2336109
Organization Overview
Pierrepont School Inc is located in Westport, CT. The organization was established in 2002. 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 06/2022, Pierrepont School Inc employed 57 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Pierrepont 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, Pierrepont School Inc generated $6.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.8% each year. All expenses for the organization totaled $6.1m during the year ending 06/2022. While expenses have increased by 6.1% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE SCHOOL'S PRIMARY PURPOSE IS TO PROVIDE EDUCATIONAL SERVICES FOR GIFTED CHILDREN OF SCHOOL AGE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATION OF CHILDREN - COSTS OF SUPPLIES AND OTHER EXPENSES
DEPRECIATION
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nancy M Webber Child Dev Sp | Officer | 40 | $153,450 |
Liam O'rourke Head Of Facu | 40 | $113,839 | |
Bruce M King Instructor | 40 | $110,843 | |
Anna Alemani CFO | 40 | $110,007 | |
Federica La Nave Instructor | 40 | $107,207 | |
Dana Thomas Instructor | 40 | $100,200 |
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 | $647,571 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $647,571 |
| Total Program Service Revenue | $5,481,294 |
| Investment income | $1,851 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $6,178 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,136,894 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| 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 | $3,660,910 |
| Pension plan accruals and contributions | $173,843 |
| Other employee benefits | $596,030 |
| Payroll taxes | $289,325 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $328,016 |
| Advertising and promotion | $2,475 |
| Office expenses | $117,655 |
| Information technology | $5,171 |
| Royalties | $0 |
| Occupancy | $673,200 |
| Travel | $32,007 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,400 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $34,707 |
| Insurance | $39,912 |
| All other expenses | $7,734 |
| Total functional expenses | $6,074,012 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,072,564 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $627,993 |
| 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 | $0 |
| Net Land, buildings, and equipment | $240,711 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $868 |
| Total assets | $3,942,136 |
| Accounts payable and accrued expenses | $40,505 |
| Grants payable | $0 |
| Deferred revenue | $2,581,786 |
| 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 | $11,194 |
| Total liabilities | $2,633,485 |
| Net assets without donor restrictions | $1,308,651 |
| Net assets with donor restrictions | $0 |
| 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 | $3,942,136 |