Winthrop Park School Inc
- Assets
- $46.8m
- Revenue
- $1.8m
- Investments
- $0.0
- Employees
- 0
- Location
- Newton Centre, MA
- Founding
- 09/2018
- Data as of
- 06/2022
- EIN
- 82-3447166
Organization Overview
Winthrop Park School Inc is located in Newton Centre, MA. The organization was established in 2018. According to its NTEE Classification (B25) the organization is classified as: Secondary & High Schools, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Winthrop Park 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, Winthrop Park School Inc generated $1.8m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (45.1%) each year. All expenses for the organization totaled $2.8m during the year ending 06/2022. 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 ORIGINALLY PLANNED TO OPERATE A TRADITIONAL SCHOOL FOR CHILDREN. HOWEVER, THE SCHOOL DETERMINED THAT IT COULD BETTER MEET THE EDUCATIONAL NEEDS OF THE COMMUNITY BY OPERATING DIFFERENT TYPES OF SCHOOLS FOCUSED ON BOTH CHILDREN AND ADULTS. TO THAT END,THE SCHOOL OPERATES PROGRAMS FOR PREPARING AND MENTORING STUDENTS ENTERING COLLEGE AND PROGRAMS TO MEET THE PROFESSIONAL DEVELOPMENT NEEDS OF TEACHERS AND ADMINISTRATORS. THESE PROGRAMS HAVE A REGULARLY SCHEDULED CURRICULUM,A REGULAR FACULTY,AND A REGULARLY ENROLLED BODY OF STUDENTS IN ATTENDANCE AT A PLACE WHERE THE EDUCATIONAL ACTIVITIES ARE REGULARLY CARRIED ON. THE SCHOOL'S CURRICULUM IS WIDE-RANGING. ACCORDINGLY,THE EDUCATION PROVIDED BY THE SCHOOL IS COMPREHENSIVE AND CONSTITUTES A REGULARLY SCHEDULED CURRICULUM. THE PROGRESSIVE TEACHING METHODS OF THE SCHOOL ARE INTENDED TO PROMOTE IN STUDENTS A LOVE OF LEARNING, TO INSTILL IN THEM A SENSE OF PERSONAL AGENCY AND RESPECT FOR OTHERS AND TO DEVELOP CRITICAL THINKING SKILLS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE SCHOOL RECEIVES REVENUES THROUGH TUITION PAYMENTS FROM STUDENTS ENROLLED IN ITS PROGRAMS. THE SCHOOL MAY ACCEPT GIFTS AND BEQUESTS FROM INDIVIDUALS, CORPORATIONS, FIRMS, TRUSTS AND OTHER ENTITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steve Hinds President & Director | OfficerTrustee | 5 | $71,788 |
Lisa Besteni Treasurer & Director | OfficerTrustee | 2 | $0 |
Christopher Jedrey Clerk & Director | OfficerTrustee | 2 | $0 |
Juan Fernandez Key Employee (executive Di | Officer | 30 | $267,920 |
Deborah Levitzky Key Employee (chief Progra | Officer | 30 | $262,895 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Cozy Properties Managment Company | 6/29/22 | $142,309 |
Jen Holleran Consulting | 6/29/22 | $101,938 |
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 | $3,450,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,450,000 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$1,643,366 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,806,634 |
| 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. | $602,603 |
| Compensation of current officers, directors, key employees. | $71,788 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| 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 | $147,462 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $190,677 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $2,768,372 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $171,034 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $12,752 |
| 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 | $46,577,461 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $46,761,247 |
| Accounts payable and accrued expenses | $70,012 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $3,834 |
| 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 | $25,697,989 |
| Total liabilities | $25,771,835 |
| Net assets without donor restrictions | $0 |
| 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 | $20,989,412 |
| Total liabilities and net assets/fund balances | $46,761,247 |