Civic Intelligence

The White Mountain School St Mary'S in the Mountains

990 • Fiscal year 2022 • EIN 02-0222221

Jul 01, 2021 to Jun 30, 2022 • Filed on Nov 08, 2022

371 West Farm RoadBethlehem, NH 03574

(603) 444-2928

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

65th percentile

0.32x

Higher debt load relative to assets than 65% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2022

Liabilities / Revenue

71st percentile

0.58x

Higher debt load relative to revenue than 71% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2022

Net Margin

36th percentile

1.4%

Higher net margin than 36% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2022

Top Officer Pay

63rd percentile

$217,953

Higher top officer pay than 63% of similar nonprofits.

Top officer pay equals 2.1% of source-year revenue.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2022

Asset Growth

37th percentile

-3.3%

Faster asset growth than 37% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2021 to 2022

Revenue Growth

37th percentile

-2.5%

Faster revenue growth than 37% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2021 to 2022

Assets

Down

$18,684,439

Down $640,708 (-3.3%) from 2021

Net Assets

Up

$12,714,673

Up $82,111 (+0.6%) from 2021

Liabilities

Down

$5,969,766

Down $722,819 (-11%) from 2021

Revenue

Down

$10,223,577

Down $257,057 (-2.5%) from 2021

Expenses

Up

$10,078,299

Up $413,656 (+4.3%) from 2021

Net Income

Down

$145,278

Down $670,713 (-82%) from 2021

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$20M$15M$10M$5.0M$0Assets 2011: $7,030,133Liabilities 2011: $3,446,380Net Assets 2011: $3,583,7532011Assets 2012: $7,564,411Liabilities 2012: $3,479,553Net Assets 2012: $4,084,8582012Assets 2013: $8,870,225Liabilities 2013: $3,569,211Net Assets 2013: $5,301,0142013Assets 2014: $10,491,249Liabilities 2014: $4,494,965Net Assets 2014: $5,996,2842014Assets 2015: $10,520,715Liabilities 2015: $3,783,901Net Assets 2015: $6,736,8142015Assets 2016: $12,684,342Liabilities 2016: $3,777,475Net Assets 2016: $8,906,8672016Assets 2017: $14,226,597Liabilities 2017: $4,630,760Net Assets 2017: $9,595,8372017Assets 2018: $13,854,605Liabilities 2018: $4,087,881Net Assets 2018: $9,766,7242018Assets 2019: $14,879,761Liabilities 2019: $4,051,513Net Assets 2019: $10,828,2482019Assets 2020: $17,283,376Liabilities 2020: $5,742,835Net Assets 2020: $11,540,5412020Assets 2021: $19,325,147Liabilities 2021: $6,692,585Net Assets 2021: $12,632,5622021Assets 2022: $18,684,439Liabilities 2022: $5,969,766Net Assets 2022: $12,714,6732022Assets 2023: $16,429,518Liabilities 2023: $5,410,357Net Assets 2023: $11,019,1612023Assets 2024: $8,539,877Liabilities 2024: $5,411,344Net Assets 2024: $3,128,5332024Assets 2025: $2,583,410Liabilities 2025: $0Net Assets 2025: $2,583,4102025

Highlighted filing

2022

Assets$18,684,439
Liabilities$5,969,766
Net Assets$12,714,673

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$20M$10M$0-$10MRevenue 2011: $5,637,055Expenses 2011: $5,692,119Net Income 2011: -$55,0642011Expenses 2012: $5,803,3332012Revenue 2013: $7,005,853Expenses 2013: $6,003,547Net Income 2013: $1,002,3062013Revenue 2014: $6,707,721Expenses 2014: $6,132,672Net Income 2014: $575,0492014Revenue 2015: $7,632,180Expenses 2015: $6,835,815Net Income 2015: $796,3652015Revenue 2016: $9,671,793Expenses 2016: $7,536,657Net Income 2016: $2,135,1362016Revenue 2017: $8,793,337Expenses 2017: $8,085,354Net Income 2017: $707,9832017Revenue 2018: $8,610,753Expenses 2018: $8,316,247Net Income 2018: $294,5062018Revenue 2019: $10,246,087Expenses 2019: $9,249,276Net Income 2019: $996,8112019Revenue 2020: $10,006,360Expenses 2020: $9,144,258Net Income 2020: $862,1022020Revenue 2021: $10,480,634Expenses 2021: $9,664,643Net Income 2021: $815,9912021Revenue 2022: $10,223,577Expenses 2022: $10,078,299Net Income 2022: $145,2782022Revenue 2023: $7,795,232Expenses 2023: $9,395,303Net Income 2023: -$1,600,0712023Revenue 2024: $7,359,314Expenses 2024: $15,456,644Net Income 2024: -$8,097,3302024Revenue 2025: $407,020Expenses 2025: $597,480Net Income 2025: -$190,4602025

Highlighted filing

2022

Revenue$10,223,577
Expenses$10,078,299
Net Income$145,278
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
Nov 8, 2022
Return Version
2021v4.2
Gross Receipts
$11,391,550
Mission and Program Overview

Mission

The white mountain school is a school of inquiry and engagement. Grounded in its episcopal heritage, the school prepares and inspires students to lead lives of curiosity, courage and compassion.

An independent school following a college preparatory curriculum for students in grades 9-12.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$12,959,723$12,531,170▼ $428,553
Investments in Publicly Traded Securities$2,489,674$2,642,131▲ $152,457
Savings and Temporary Cash Investments$2,619,193$2,456,313▼ $162,880
Investments Other Securities$567,872$504,584▼ $63,288
Pledges and Grants Receivable$562,142$372,859▼ $189,283
Accounts Receivable$5,421$74,070▲ $68,649
Cash and Non-Interest-Bearing Accounts$51,481--
Prepaid Expenses and Deferred Charges$18,789$45,460▲ $26,671
Inventories for Sale or Use$11,252$11,252→ $0
Total Assets$19,325,147$18,684,439▼ $640,708
Other Assets Total$39,600$46,600▲ $7,000
Liabilities
Mortgage Notes Payable Secured by Investment Property$5,519,216$5,257,221▼ $261,995
Other Liabilities$1,074,390$609,157▼ $465,233
Accounts Payable and Accrued Expenses$98,979$103,388▲ $4,409
Total Liabilities$6,692,585$5,969,766▼ $722,819
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$8,882,550$9,009,967▲ $127,417
Net Assets With Donor Restrictions$3,750,012$3,704,706▼ $45,306
Total Net Assets Fund Balance$12,632,562$12,714,673▲ $82,111
Total Liabilities and Net Assets / Fund Balance$19,325,147$18,684,439▼ $640,708

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$10,996,724$7,069,772$18,066,496
Equipment$348,351$1,504,711$1,853,062
Other Land Buildings$309,123$587,771$896,894
Land$876,972-$876,972

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2021$2,463,018$145,422▲ $161,645$104,215$2,642,131
2020$2,189,716$124,599▲ $250,439$78,670$2,463,018
2019$2,147,242$139,568▼ $4,903$70,440$2,189,716
2018$1,849,070$187,198▲ $196,189$65,320$2,147,242
2017$1,777,513$120,346▲ $32,083$62,211$1,849,070
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
John DrewOutgoing Head of SchoolFT$200,437$17,516$217,953
Rob ConstantineChief Financial OfficerFT$122,691$20,551$143,242
Scott HuntDirector of DevelopmentFT$107,581$13,363$120,944

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$943,540
Program Service Revenue
$9,116,960
Investment Income
$143,798
Other Revenue
$19,279
All Other Contributions
$943,540
Change in Net Assets
$145,278

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Real Estate Other1$46,000Appraisal
Securities Publicly Traded3$38,532Fair Market Value (FMV)
Other Non Cash Contri Table9$9,012Cost/Fair Market Value (FMV)
Drugs and Medical Supplies1$2,500Cost
Total Noncash Contributions14$96,044-

Audited Revenue Reconciliation

Revenue per Audited Statements
$7,124,192
Revenue Not Reported on Financial Statements
$3,099,385
Revenue Not Reported on Form 990
$-53,167
Other Revenue Adjustments
$3,075,646
Total Revenue per Audited Statements
$7,071,025
Total Revenue per Form 990
$10,223,577
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$3,636,216
Other Expenses$3,454,873
Grants and Similar Amounts Paid$2,987,210
Total Fundraising Expense$459,051
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$2,987,210--$2,987,210
Other Salaries and Wages$1,847,998$423,138$230,005$2,501,141
Fees for Services Other$622,856$26,253$1,985$651,094
Occupancy$332,404$314,181$2,699$649,284
Depreciation Depletion$425,920$158,711$41,100$625,731
Current Officers, Directors, Trustees, and Key Employees$221,857$161,304-$383,161
Other Employee Benefits$255,144$77,674$30,568$363,386
Office Expenses$175,912$109,587$59,149$344,648
Interest$183,693$68,450$17,726$269,869
Travel$185,353$16,883$38,891$241,127
Payroll Taxes$149,943$45,647$17,964$213,554
Pension Plan Contributions$122,854$37,401$14,719$174,974
Insurance-$142,268-$142,268
Advertising$93,529$8,856$767$103,152
Other Expenses$88,436$3,186$3,478$88,436
Fees for Services Legal-$39,498-$39,498
Fees for Service Investment Mgmnt Fees-$23,739-$23,739
Fees for Services Accounting-$23,000-$23,000
Total Functional Expenses$7,822,833$1,796,415$459,051$10,078,299

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$10,078,299
Expenses per Audited Statements$6,988,914
Total Expenses per Audited Statements$6,988,914
Expenses Not Reported on Financial Statements$3,089,385
Other Expense Adjustments$3,065,646
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Tuition Advance Payments$609,157
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
Yes
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 4

During the current fiscal year the governing board approved new by-laws for the school.

Form 990, Part VI, Section B, Line 11B

Copies of the 990 are sent to all members of the board in advance of the regularly scheduled finance committee meeting. At the finance committee meeting, the 990 is brought up as a discussion item. If there is no problem with the document, it is filed. At the next board meeting, the full board is notified that the finance committee reviewed the 990 and found it correct.

Form 990, Part VI, Section B, Line 12C

At the october board meeting, the board chair asks all members to fill out a conflict of interest questionnaire and submit them to the board chair.

Form 990, Part VI, Section B, Line 15

The process for determining compensation of the head of school includes both written and oral reviews undertaken by a committee of the board of trustees. The head of school is annually asked to prepare a written self-evaluation, which is reviewed by the board of trustees. The head of school is excluded from the review of the self-evaluation, as well as excluded from any discussions that determine the compensation amounts and the final vote. Input and feedback are solicited from the board and that becomes the basis for an evaluation meeting between the committee and the head of school. The results of that meeting are shared with the board of trustees as part of a noticed board meeting and the head of school is provided with a written summary of his or her evaluation on an annual basis. When necessary, contemporaneous substantiation of the deliberation and decision of the head of school are solicited from other management officials. The white mountain school participates in a number of national and regional professional associations for independent boarding schools, including the independent schools association of new england. Salary comparability data is readily available through this source to both the board of trustees and the head of school. Comparability data is used by the head of school for determining compensation of other management employees, as well.

Form 990, Part VI, Section C, Line 19

The financial statements are available on guidestar. They are also copied and sent to any interested parties.

Filing and Contact Details

Filer

Filer Name
The White Mountain School
EIN
02-0222221
Phone
6034442928
Address
371 WEST FARM ROAD, BETHLEHEM, NH 03574

Signing Officer

Name
Donald Ball
Title
Interim Head of School
Phone
6034442928
Signed
2022-11-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Donald Ball
Formed
1886
Legal Domicile
Nh
Voting Board Members
15
Independent Board Members
14
Employees
85
Volunteers
25

Preparer

Firm
Nathan Wechsler & Company Pa
Address
70 COMMERCIAL STREET 4TH FLOOR, CONCORD, NH 03301
Preparer
Oreste J Mosca
Phone
6032245357
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 2C

There have been no changes in this process from the prior year.

Financial Statement Notes

PART X, LINE 2:

The school is a not-for-profit organization exempt under section 501(c)(3) of the internal revenue code and is classified as other than a private foundation; however, certain unrelated business income is subject to federal taxation. For the years ended june 30, 2022 and 2021, there was no liability for a tax on unrelated business income. The school has adopted the provisions of fasb interpretation no.48, accounting for uncertainty in income taxes (fasb asc 740). Accordingly, management has evaluated the school's tax positions and concluded the school had maintained its tax-exempt status, does not have any significant unrelated business income and had taken no uncertain tax positions that require adjustment or disclosure in the financial statements. With few exceptions, the school is no longer subject to income tax examinations by the u.s. Federal or state tax authorities for years before 2019.

PART XI, LINE 2D - OTHER ADJUSTMENTS:

Bad debt recovery 10,000.

PART XI, LINE 4B - OTHER ADJUSTMENTS:

Tuition reported is net of tuition assistance to individuals & referral fee 3,075,646.

PART XII, LINE 4B - OTHER ADJUSTMENTS:

Tuition reported net of assistance to individuals on financial report 3,075,646. Bad debt recovery -10,000.

PART V, LINE 4:

Endowment funds are intended to be used primarily for scholarships.

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IRS990/Form990PartVIISectionAGrp/PersonNm10JOHN DREW
IRS990/Form990PartVIISectionAGrp/PersonNm11MIKAELA HOUGHTON
IRS990/Form990PartVIISectionAGrp/PersonNm12ALANA KUMBIER
IRS990/Form990PartVIISectionAGrp/PersonNm13GUILLERMO TRINCHET
IRS990/Form990PartVIISectionAGrp/PersonNm14KENNETH CREED
IRS990/Form990PartVIISectionAGrp/PersonNm15ROB CONSTANTINE
IRS990/Form990PartVIISectionAGrp/PersonNm16SCOTT HUNT
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IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt2TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt3CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt4TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt5SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt6TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt7TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt8TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt9TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt10OUTGOING HEAD OF SCHOOL
IRS990/Form990PartVIISectionAGrp/TitleTxt11TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt12TRUSTEE
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IRS990/Form990PartVIISectionAGrp/TitleTxt14TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt15CHIEF FINANCIAL OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR OF DEVELOPMENT
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IRS990/MembersOrStockholdersInd00
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IRS990/OperateHospitalInd00
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IRS990/PoliticalCampaignActyInd00
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IRS990ScheduleA/SchoolInd0X
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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$2.58$0.00$2.58$0.41$0.60$0.19
2024Detailed filing. Detailed filing data is available for this year.$8.54$5.41$3.13$7.36$15.5$8.10
2023Detailed filing. Detailed filing data is available for this year.$16.4$5.41$11.0$7.80$9.40$1.60
2022Detailed filing. Detailed filing data is available for this year.$18.7$5.97$12.7$10.2$10.1$0.15
2021Detailed filing. Detailed filing data is available for this year.$19.3$6.69$12.6$10.5$9.66$0.82
2020Detailed filing. Detailed filing data is available for this year.$17.3$5.74$11.5$10.0$9.14$0.86
2019Detailed filing. Detailed filing data is available for this year.$14.9$4.05$10.8$10.2$9.25$1.00
2018Detailed filing. Detailed filing data is available for this year.$13.9$4.09$9.77$8.61$8.32$0.29
2017Detailed filing. Detailed filing data is available for this year.$14.2$4.63$9.60$8.79$8.09$0.71
2016Detailed filing. Detailed filing data is available for this year.$12.7$3.78$8.91$9.67$7.54$2.14
2015Detailed filing. Detailed filing data is available for this year.$10.5$3.78$6.74$7.63$6.84$0.80
2014Detailed filing. Detailed filing data is available for this year.$10.5$4.49$6.00$6.71$6.13$0.58
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.87$3.57$5.30$7.01$6.00$1.00
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.56$3.48$4.08$5.80
2011Summary only. Only limited summary data is available for this year.$7.03$3.45$3.58$5.64$5.69$0.06
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2022 filings • 501(c)3 • $10M-$25M nonprofits