The Academy At Penguin Hall Inc
- Assets
- $18.5m
- Revenue
- $11.3m
- Investments
- $1.2k
- Employees
- 70
- Location
- Wenham, MA
- Founding
- 08/2016
- Data as of
- 06/2022
- EIN
- 81-0729618
Organization Overview
The Academy At Penguin Hall Inc is located in Wenham, MA. The organization was established in 2016. 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, Academy At Penguin Hall Inc employed 70 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Academy At Penguin Hall 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, Academy At Penguin Hall Inc generated $11.3m in total revenue. All expenses for the organization totaled $6.9m during the year ending 06/2022. While expenses have increased by 41.0% 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
TO EDUCATE, ENLIGHTEN AND EMPOWER YOUNG WOMEN TO LEAD AND LIVE EXPEMPLARY LIVES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING EDUCATIONAL SERVICES TO SECONDARY-SCHOOL AGED YOUNG WOMEN ENROLLED AT ITS GIRLS' HIGH SCHOOL. THE ACADEMY AT PENGUIN HALL IS AN INCLUSIVE, INDEPENDENT, COLLEGE PREPARATORY SECONDARY SCHOOL FOR YOUNG WOMEN WHICH IS COMMITTED TO DEVELOPING THE WHOLE PERSON; INTELLECTUALLY, SPIRITUALLY, PHYSICALLY AND CREATIVELY. THE ACADEMY AT PENGUIN HALL PROVIDES A HIGHLY INDIVIDUALIZED, STUDENT-CENTERED, DIVERSE AND CHALLENGING EDUCATIONAL EXPERIENCE. EVERY PROGRAMMATIC DECISION IS BASED ON CURRENT RESEARCH AND EXPERIENCE ABOUT HOW GIRLS LEARN, DEVELOP AND THRIVE. OUR CURRICULUM IS HIGHLY INTEGRATED AND STEEPED IN THE EXPERIENTIAL SO THAT GIRLS DEVELOP THE CONFIDENCE TO BECOME DRIVERS OF THEIR OWN LEARNING. THIS APPROACH ENABLES COMPREHENSIVE STUDY THROUGH THE INTEGRATION OF MEANINGFUL STUDENT RESEARCH, COLLABORATION, COMMUNITY PARTNERS, AND LIFE-CHANGING SERVICE LEARNING. AN INTERDISCIPLINARY APPROACH TO LEARNING INVIGORATES THE EDUCATIONAL ENVIRONMENT, ENERGIZES THE CURRICULUM WITH A REAL-WORLD RELEVANCE, AND SPARKS STUDENTS' DESIRE TO EXPLORE, INVESTIGATE, AND UNDERSTAND THE WORLD. THE ACADEMY'S APPROACH PREPARES STUDENTS NOT ONLY FOR COLLEGE BUT LIFE BEYOND ACADEMIC WALLS.SERVING STUDENTS FROM OVER 40 COMMUNITIES IN A STONE MANOR HOUSE SURROUNDED BY 50-ACRES OF SWEEPING LAWNS AND WOODED LAND.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mary Martins President, Treasurer, Clerk | OfficerTrustee | 60 | $100,000 |
Erica Miller Vice President | OfficerTrustee | 1 | $0 |
Dana Willis Co-Chair, Assistant Clerk | OfficerTrustee | 1 | $0 |
Albert Martins Co-Chair, Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Martins Construction Company Construction | 6/29/22 | $960,282 |
Allways Health Insurance | 6/29/22 | $290,339 |
National Grid Gas And Electric Utilities | 6/29/22 | $151,061 |
Selective Insurance | 6/29/22 | $121,696 |
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 | $47,808 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $47,808 |
| Total Program Service Revenue | $4,527,426 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$37,246 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $6,497 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $11,313,949 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,134,480 |
| 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 | $2,649,516 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $316,736 |
| Payroll taxes | $225,542 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $41,174 |
| Fees for services: Accounting | $11,641 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $95,496 |
| Advertising and promotion | $0 |
| Office expenses | $277 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $122,421 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,050,448 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $525,551 |
| Insurance | $109,515 |
| All other expenses | $175,449 |
| Total functional expenses | $6,875,894 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,719 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $55,416 |
| 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 | $3,150 |
| Net Land, buildings, and equipment | $18,447,852 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $1,220 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $18,516,357 |
| Accounts payable and accrued expenses | $1,332,229 |
| Grants payable | $0 |
| Deferred revenue | $1,071,326 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $2,043,800 |
| Secured mortgages and notes payable | $13,763,883 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $6,868,070 |
| Total liabilities | $25,079,308 |
| Net assets without donor restrictions | -$6,562,951 |
| 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 | $18,516,357 |