Civic Intelligence

The Winchendon School Inc C/O Janet Gelinas CFO

EIN 05-0270487 • 501(c)3 • Winchendon, MA

Profile

At the winchendon school, we equip each student with the essential skills and habits of mind to succeed in college and beyond.

Refreshing map…

172 Ash StreetWinchendon, MA 01475

www.winchendon.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

55th percentile

0.30x

Higher debt load relative to assets than 55% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Source year 2024

Liabilities / Revenue

77th percentile

1.08x

Higher debt load relative to revenue than 77% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Source year 2024

Net Margin

15th percentile

-11%

Higher net margin than 15% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Source year 2024

Top Officer Pay

56th percentile

$398,092

Higher top officer pay than 56% of similar nonprofits.

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

501(c)3 • $50M-$100M nonprofits • Source year 2024

Asset Growth

24th percentile

-0.7%

Faster asset growth than 24% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Annualized from 2023 to 2024

Revenue Growth

48th percentile

7.5%

Faster revenue growth than 48% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Annualized from 2023 to 2024

Assets

Down

$69,190,349

Down $456,658 (-0.7%) from 2023

Liabilities

Down

$20,484,764

Down $1,096,336 (-5.1%) from 2023

Net Assets

Up

$48,705,585

Up $639,678 (+1.3%) from 2023

Revenue

Up

$18,891,557

Up $1,321,041 (+7.5%) from 2023

Expenses

Up

$21,004,472

Up $1,428,583 (+7.3%) from 2023

Net Income

Down

-$2,112,915

Down $107,542 (-5.4%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$80M$60M$40M$20M$0Assets 2011: $48,287,988Liabilities 2011: $13,037,919Net Assets 2011: $35,250,0692011Assets 2012: $51,467,449Liabilities 2012: $14,190,175Net Assets 2012: $37,277,2742012Assets 2013: $55,779,068Liabilities 2013: $15,627,852Net Assets 2013: $40,151,2162013Assets 2014: $63,379,809Liabilities 2014: $19,069,704Net Assets 2014: $44,310,1052014Assets 2015: $63,797,392Liabilities 2015: $20,079,078Net Assets 2015: $43,718,3142015Assets 2016: $64,636,335Liabilities 2016: $18,672,525Net Assets 2016: $45,963,8102016Assets 2017: $64,000,517Liabilities 2017: $16,709,251Net Assets 2017: $47,291,2662017Assets 2018: $66,615,185Liabilities 2018: $17,481,705Net Assets 2018: $49,133,4802018Assets 2019: $66,731,249Liabilities 2019: $17,740,732Net Assets 2019: $48,990,5172019Assets 2020: $68,621,046Liabilities 2020: $18,698,682Net Assets 2020: $49,922,3642020Assets 2021: $71,352,673Liabilities 2021: $17,493,228Net Assets 2021: $53,859,4452021Assets 2022: $65,315,950Liabilities 2022: $17,607,990Net Assets 2022: $47,707,9602022Assets 2023: $69,647,007Liabilities 2023: $21,581,100Net Assets 2023: $48,065,9072023Assets 2024: $69,190,349Liabilities 2024: $20,484,764Net Assets 2024: $48,705,5852024

Highlighted filing

2024

Assets$69,190,349
Liabilities$20,484,764
Net Assets$48,705,585

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$30M$20M$10M$0-$10MRevenue 2011: $16,270,325Expenses 2011: $11,897,253Net Income 2011: $4,373,0722011Expenses 2012: $12,460,0142012Revenue 2013: $14,347,243Expenses 2013: $12,960,611Net Income 2013: $1,386,6322013Revenue 2014: $16,193,360Expenses 2014: $13,695,807Net Income 2014: $2,497,5532014Revenue 2015: $15,956,854Expenses 2015: $14,356,769Net Income 2015: $1,600,0852015Revenue 2016: $17,168,279Expenses 2016: $15,276,495Net Income 2016: $1,891,7842016Revenue 2017: $15,399,937Expenses 2017: $14,777,280Net Income 2017: $622,6572017Revenue 2018: $14,586,514Expenses 2018: $15,764,965Net Income 2018: -$1,178,4512018Revenue 2019: $14,373,172Expenses 2019: $16,327,946Net Income 2019: -$1,954,7742019Revenue 2020: $15,557,946Expenses 2020: $16,861,068Net Income 2020: -$1,303,1222020Revenue 2021: $16,628,939Expenses 2021: $19,313,773Net Income 2021: -$2,684,8342021Revenue 2022: $15,658,753Expenses 2022: $18,089,430Net Income 2022: -$2,430,6772022Revenue 2023: $17,570,516Expenses 2023: $19,575,889Net Income 2023: -$2,005,3732023Revenue 2024: $18,891,557Expenses 2024: $21,004,472Net Income 2024: -$2,112,9152024

Highlighted filing

2024

Revenue$18,891,557
Expenses$21,004,472
Net Income-$2,112,915

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$69.2$20.5$48.7$18.9$21.0$2.11
2023Detailed filing. Detailed filing data is available for this year.$69.6$21.6$48.1$17.6$19.6$2.01
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$65.3$17.6$47.7$15.7$18.1$2.43
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$71.4$17.5$53.9$16.6$19.3$2.68
2020Detailed filing. Detailed filing data is available for this year.$68.6$18.7$49.9$15.6$16.9$1.30
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$66.7$17.7$49.0$14.4$16.3$1.95
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$66.6$17.5$49.1$14.6$15.8$1.18
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$64.0$16.7$47.3$15.4$14.8$0.62
2016Detailed filing. Detailed filing data is available for this year.$64.6$18.7$46.0$17.2$15.3$1.89
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$63.8$20.1$43.7$16.0$14.4$1.60
2014Detailed filing. Detailed filing data is available for this year.$63.4$19.1$44.3$16.2$13.7$2.50
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$55.8$15.6$40.2$14.3$13.0$1.39
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$51.5$14.2$37.3$12.5
2011Summary only. Only limited summary data is available for this year.$48.3$13.0$35.3$16.3$11.9$4.37
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Sep 1, 2023 to Aug 31, 2024
Signed
Jun 27, 2025
Return Version
2023v6.0
Gross Receipts
$27,342,899
Mission and Program Overview

Mission

The winchendon school, a coeducational multicultural community, provides college-bound students of good character and promise with the essential study skills and learning strategies that propel each student to achieve academic success.

At the winchendon school, we equip each student with the essential skills and habits of mind to succeed in college and beyond.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$35,248,418$36,263,576▲ $1,015,158
Land, Buildings, and Equipment, Net$24,879,730$23,808,862▼ $1,070,868
Accounts Receivable$3,199,737$2,953,350▼ $246,387
Savings and Temporary Cash Investments$112,384$1,448,504▲ $1,336,120
Prepaid Expenses and Deferred Charges$693,099$754,559▲ $61,460
Cash and Non-Interest-Bearing Accounts$2,407,260$559,159▼ $1,848,101
Inventories for Sale or Use$23,851$40,558▲ $16,707
Other Notes and Loans Receivable, Net$14,434$20,023▲ $5,589
Total Assets$69,647,007$69,190,349▼ $456,658
Other Assets Total$3,068,094$3,341,758▲ $273,664
Liabilities
Deferred Revenue$10,598,998$10,157,431▼ $441,567
Tax Exempt Bond Liabilities$5,567,686$5,128,857▼ $438,829
Mortgage Notes Payable Secured by Investment Property$2,333,076$2,109,217▼ $223,859
Accounts Payable and Accrued Expenses$1,381,659$1,992,513▲ $610,854
Other Liabilities$1,338,645$893,363▼ $445,282
Escrow Account Liability$361,036$203,383▼ $157,653
Total Liabilities$21,581,100$20,484,764▼ $1,096,336
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$45,714,360$46,029,457▲ $315,097
Net Assets With Donor Restrictions$2,351,547$2,676,128▲ $324,581
Total Net Assets Fund Balance$48,065,907$48,705,585▲ $639,678
Total Liabilities and Net Assets / Fund Balance$69,647,007$69,190,349▼ $456,658

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$15,150,492$14,297,616$29,448,108
Equipment$3,920,483$5,690,511$9,610,994
Leasehold Improvements$3,313,187$1,396,975$4,710,162
Other Land Buildings$624,336$2,173,674$2,798,010
Land$800,364-$800,364

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2023$2,327,547-▲ $333,297$16,000$2,644,844
2022$2,087,203-▲ $256,844$16,500$2,327,547
2021$2,448,931-▼ $187,066$174,662$2,087,203
2020$2,205,685-▲ $472,947$229,701$2,448,931
2019$2,110,218-▲ $219,210$123,743$2,205,685
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
John KerneyCEO/trusteeFT$344,314$53,778$398,092
John ToffeyDirector of EnrollmentFT$146,875$50,534$197,409
Janet GelinasChief Financial OfficerFT$136,392$8,322$144,714
Kelly JennisonDirector of DevelopmentFT$123,407$12,387$135,794
Jessica ToffeyDirector of Hatch CenterFT$119,887$949$120,836
Romona ReidTrustee/teacherFT$60,256$17,953$78,209

Board Members and Trustees

NameTitle
John B HippPresident of Board/trustee
Dr Laurie Nolan-kelleyVice President/trustee
Glenn a HuntAssistant Clerk /trustee
D Cane CallonClerk /trustee
James HeutelTreasurer /trustee
Cornell B Lesane IiTrustee
David ShettlerTrustee
Eiko OokaTrustee
Emily VillariTrustee
Francis M Anderson IiiTrustee
Gail WhippleTrustee
Jennifer DockeryTrustee
Jessica HeinzerTrustee
Julie BrandonTrustee
Kimberly AnsinTrustee
Manuel CarballoTrustee
Michael ChapmanTrustee
Ronald BurtonTrustee
Sean MurphyTrustee
Tracy Mathieu HuffmanTrustee

Highest Paid Contractors

ContractorServicesLocationCompensation
Sage Dining Services INCDining1402 YORK ROAD SUITE 100, Lutherville, MD 21093$1,104,234
David W White & Son INCContractor On Turf Project635 RIVER ROAD, Bow, NH 03304$515,269
Nexus Consulting LLCEnvironmental Controls8 LONG PLAIN ROAD, South Deerfield, MA 01373$113,597
Revenue and Support

Revenue Composition

Contributions and Grants
$275,816
Program Service Revenue
$17,228,506
Investment Income
$1,029,997
Other Revenue
$357,238
All Other Contributions
$275,816
Change in Net Assets
$-2,112,915

Audited Revenue Reconciliation

Revenue per Audited Statements
$18,754,228
Revenue Not Reported on Financial Statements
$137,329
Revenue Not Reported on Form 990
$-3,765,907
Total Revenue per Audited Statements
$14,988,321
Total Revenue per Form 990
$18,891,557
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$7,925,047
Other Expenses$6,560,925
Grants and Similar Amounts Paid$6,518,500
Total Fundraising Expense$340,897
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$6,518,500--$6,518,500
Other Salaries and Wages$4,537,180$929,978$62$5,467,220
Depreciation Depletion$1,482,503$148,250$16,473$1,647,226
Occupancy$1,251,723$87,273$9,697$1,348,693
Other Employee Benefits$786,738$184,241$6,538$977,517
Current Officers, Directors, Trustees, and Key Employees$77,154$450,151$99,776$627,081
Payroll Taxes$349,487$96,679$12,894$459,060
All Other Expenses$282,826$109,323$28,107$420,256
Pension Plan Contributions$202,334$42,373$2,070$246,777
Interest$180,316$60,105-$240,421
Information Technology$142,707$39,345$19,673$201,725
Insurance-$200,246-$200,246
Other Expenses$199,334$200,072-$199,334
Office Expenses$55,991$116,223-$172,214
Travel$39,935$82,185$28,274$150,394
Advertising$120,525$16,353$12,606$149,484
Comp Disqual Persons-$42,665$104,727$147,392
Fees for Service Investment Mgmnt Fees-$137,329-$137,329
Fees for Services Accounting-$67,000-$67,000
Fees for Services Other-$32,822-$32,822
Total Functional Expenses$17,378,252$3,285,323$340,897$21,004,472

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$21,004,472
Expenses per Audited Statements$14,348,643
Total Expenses per Audited Statements$14,348,643
Expenses Not Reported on Financial Statements$6,655,829
Other Expense Adjustments$6,518,500
Expenses Not Reported on Form 990$0
International Activity

International Summary

Offices
0
Employees
0
Spending
$49,024

International Compliance

Foreign grant records maintained
Yes
Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No

International Activities

RegionActivityServicesOfficesEmployeesSpending
East Asia and the PacificProgram ServicesRecruitment00$35,252
Europe (including Iceland & Greenland)Program ServicesRecruitment00$11,572
Russia and Neighboring StatesProgram ServicesRecruitment00$2,200
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
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Nick HuntSon of Board MemberCompensationNo$110,623
Marily KerneySpouse of CEOCompensationNo$13,552
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Assets Held for Affiliate$890,000
Annuity Payable$3,363

Bond Issues

BondIssuerIssuedIssue PricePurpose
AMassachusetts Development Finance Agency2020-08-31$9,500,000Refinance 2013 issue and finance construction of academic and dining center

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$9,500,000$3,378,374$4,371,143$34,500

Bond Financing Compliance

No rebate due
No
Rebate not yet due
No
Form 8038-T filed
No
Gross proceeds invested
No
Gross proceeds invested in GIC
No
Exception to rebate
No
Corrective action procedures
Yes
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
Yes
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
No
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

The organization amended its bylaws to change titles, number of board members, quorum. Actions requiring supermajority were also updated.

Form 990, Part VI, Section A, Line 8B

Committees review and make recommendations to the full board. The full board then makes decisions.

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

The final draft of the return is made available to the full board for review and comment.

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

Each person shall annually complete and sign a disclosure statement and give the statement to the president of the corporation, or his/her designee. The disclosure statements shall be made available upon request of any person. Information about conflicts contained in such statements shall be distributed periodically to persons, in the discretion of the president.

Form 990, Part VI, Section B, Line 15A

The board of directors hires and performs an annual performance review and sets goals with the ceo. Compensation is set accordingly. The board also considers comparative data from other similar institutions. John kerney is retained on a 5 year agreement reviewed annually.

Form 990, Part VI, Section C, Line 19

The organization makes its financial statements, conflict of interest policy and governing documents available to the public upon request.

Filing and Contact Details

Filer

Filer Name
The Winchendon School Inc
EIN
05-0270487
Phone
9782971223
Address
172 ASH STREET, WINCHENDON, MA 01475

Signing Officer

Name
Janet Gelinas
Title
Chief Financial Officer
Phone
9782971223
Signed
2025-06-27
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Janet Gelinas
Formed
1962
Legal Domicile
Ma
Voting Board Members
22
Independent Board Members
19
Employees
186
Volunteers
21

Preparer

Firm
Cohnreznick Advisory LLC
Address
350 CHURCH STREET 12TH FLOOR, HARTFORD, CT 06103
Preparer
Lori Rothe Yokobosky
Phone
9592007000
Supplemental Narrative

Financial Statement Notes

PART V, LINE 4:

Earnings from the school's endowment funds are to be used to support financial aid and general operating expenditures of the school through annual discretionary appropriations authorized by the board of trustees.

PART X, LINE 2:

Management has analyzed the tax positions taken by the school and has concluded that, as of august 31, 2024 and 2023, there are no uncertain tax positions taken or expected to be taken that would require recognition of a liability (asset) or disclosure in the financial statements. The school's federal information returns prior to fiscal year 2021 are closed and management continually evaluates expiring statutes of limitations, audits, proposed settlements, changes in tax law and new authoritative rulings. If the school had unrelated business income taxes, it would recognize interest and penalties associated with any tax matters as part of the income tax provision and include accrued interest and penalties with the related tax liability in the statements of financial position.

PART XI, LINE 2D - OTHER ADJUSTMENTS:

Financial aid -6,518,500.

PART XII, LINE 4B - OTHER ADJUSTMENTS:

FINANCIAL AID 6,518,500.

Raw XML AppendixShowing 400 of 898 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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