Civic Intelligence

Salisbury School Inc.

990 • Fiscal year 2017 • EIN 06-0646888

Jul 01, 2016 to Jun 30, 2017 • Filed on Nov 15, 2017

Organization Profilewww.salisburyschool.org

View Organization Page

251 Canaan RdSalisbury, CT 06068

(860) 435-5711

Siviq Scores

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

Liabilities / Assets

65th percentile

0.47x

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

2017 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2017

Liabilities / Revenue

90th percentile

4.13x

Higher debt load relative to revenue than 90% of similar nonprofits.

2017 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2017

Net Margin

23rd percentile

-2.2%

Higher net margin than 23% of similar nonprofits.

2017 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2017

Top Officer Pay

53rd percentile

$494,538

Higher top officer pay than 53% of similar nonprofits.

Top officer pay equals 1.9% of source-year revenue.

2017 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2017

Asset Growth

62nd percentile

8.7%

Faster asset growth than 62% of similar nonprofits.

2017 filings • 501(c)3 • $100M-$250M nonprofits • Annualized from 2016 to 2017

Revenue Growth

44th percentile

3.6%

Faster revenue growth than 44% of similar nonprofits.

2017 filings • 501(c)3 • $100M-$250M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets65th percentile

Assets

Up

$225,253,100

Up $17,980,712 (+8.7%) from 2016

Net Assets

Up

$119,776,456

Up $9,853,217 (+9.0%) from 2016

Liabilities

Up

$105,476,644

Up $8,127,495 (+8.3%) from 2016

Revenue And Expenses
Liabilities / Revenue90th percentileNet Margin23rd percentile

Revenue

Up

$25,556,683

Up $898,618 (+3.6%) from 2016

Expenses

Up

$26,113,455

Up $395,314 (+1.5%) from 2016

Net Income

Up

-$556,772

Up $503,304 (+47%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth62nd percentile

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

$300M$200M$100M$0Assets 2010: $165,972,108Liabilities 2010: $77,309,337Net Assets 2010: $88,662,7712010Assets 2011: $181,188,888Liabilities 2011: $83,125,468Net Assets 2011: $98,063,4202011Assets 2012: $176,008,374Liabilities 2012: $80,805,970Net Assets 2012: $95,202,4042012Assets 2013: $187,174,149Liabilities 2013: $82,945,176Net Assets 2013: $104,228,9732013Assets 2014: $199,921,885Liabilities 2014: $86,035,135Net Assets 2014: $113,886,7502014Assets 2015: $230,320,318Liabilities 2015: $110,546,912Net Assets 2015: $119,773,4062015Assets 2016: $207,272,388Liabilities 2016: $97,349,149Net Assets 2016: $109,923,2392016Assets 2017: $225,253,100Liabilities 2017: $105,476,644Net Assets 2017: $119,776,4562017Assets 2018: $184,619,023Liabilities 2018: $56,768,042Net Assets 2018: $127,850,9812018Assets 2019: $186,501,463Liabilities 2019: $52,911,596Net Assets 2019: $133,589,8672019Assets 2020: $183,556,815Liabilities 2020: $53,715,701Net Assets 2020: $129,841,1142020Assets 2021: $220,053,880Liabilities 2021: $54,815,181Net Assets 2021: $165,238,6992021Assets 2022: $219,008,162Liabilities 2022: $50,816,856Net Assets 2022: $168,191,3062022Assets 2023: $231,447,981Liabilities 2023: $51,698,850Net Assets 2023: $179,749,1312023Assets 2024: $251,409,345Liabilities 2024: $48,605,544Net Assets 2024: $202,803,8012024

Highlighted filing

2017

Assets$225,253,100
Liabilities$105,476,644
Net Assets$119,776,456
Open 2017 Filing

Operations Trend

Revenue Growth44th percentile

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

$60M$40M$20M$0-$20MExpenses 2010: $20,994,8902010Expenses 2011: $22,359,3042011Expenses 2012: $23,066,6332012Revenue 2013: $30,608,611Expenses 2013: $23,559,090Net Income 2013: $7,049,5212013Revenue 2014: $29,825,823Expenses 2014: $25,126,876Net Income 2014: $4,698,9472014Revenue 2015: $35,569,364Expenses 2015: $25,881,905Net Income 2015: $9,687,4592015Revenue 2016: $24,658,065Expenses 2016: $25,718,141Net Income 2016: -$1,060,0762016Revenue 2017: $25,556,683Expenses 2017: $26,113,455Net Income 2017: -$556,7722017Revenue 2018: $31,150,360Expenses 2018: $26,609,420Net Income 2018: $4,540,9402018Revenue 2019: $32,329,690Expenses 2019: $27,441,830Net Income 2019: $4,887,8602019Revenue 2020: $27,435,789Expenses 2020: $27,065,585Net Income 2020: $370,2042020Revenue 2021: $31,894,355Expenses 2021: $26,679,025Net Income 2021: $5,215,3302021Revenue 2022: $36,789,064Expenses 2022: $28,159,648Net Income 2022: $8,629,4162022Revenue 2023: $35,562,584Expenses 2023: $30,729,008Net Income 2023: $4,833,5762023Revenue 2024: $40,029,245Expenses 2024: $33,306,223Net Income 2024: $6,723,0222024

Highlighted filing

2017

Revenue$25,556,683
Expenses$26,113,455
Net Income-$556,772
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Nov 15, 2017
Return Version
2016v3.0
Gross Receipts
$26,023,420
Mission and Program Overview

Mission

Education:salisbury school is an independent boy's secondary school (grades 9 through 12) for boarding and day students. The school recruits from around the world.

Education: Salisbury School is an independent boy's secondary school (grades 9 thru 12) for boarding and day students. The school recruits students from around the world.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$67,439,380$68,327,043▲ $887,663
Investments Other Securities$50,786,478$51,009,589▲ $223,111
Savings and Temporary Cash Investments$12,627,506$15,953,117▲ $3,325,611
Pledges and Grants Receivable$3,068,087$2,474,234▼ $593,853
Cash and Non-Interest-Bearing Accounts$1,474,747$1,263,111▼ $211,636
Prepaid Expenses and Deferred Charges$654,777$678,654▲ $23,877
Inventories for Sale or Use$192,149$188,677▼ $3,472
Accounts Receivable$158,402$100,126▼ $58,276
Total Assets$207,272,388$225,253,100▲ $17,980,712
Other Assets Total$70,870,862$85,258,549▲ $14,387,687
Liabilities
Other Liabilities$38,866,518$47,541,209▲ $8,674,691
Tax Exempt Bond Liabilities$48,036,000$47,034,000▼ $1,002,000
Deferred Revenue$8,089,947$8,120,589▲ $30,642
Accounts Payable and Accrued Expenses$2,356,684$2,746,983▲ $390,299
Mortgage Notes Payable Secured by Investment Property-$33,863-
Total Liabilities$97,349,149$105,476,644▲ $8,127,495
Net Assets / Fund Balance
Temporarily Rstr Net Assets$37,507,660$72,171,388▲ $34,663,728
Unrestricted Net Assets$44,745,321$47,605,068▲ $2,859,747
Permanently Rstr Net Assets$27,670,258--
Total Net Assets Fund Balance$109,923,239$119,776,456▲ $9,853,217
Total Liabilities and Net Assets / Fund Balance$207,272,388$225,253,100▲ $17,980,712

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$65,918,283$34,575,956$100,494,239
Equipment$1,102,260$3,152,948$4,255,208
Land$1,306,500-$1,306,500
Other Assets Org$3,807,728--
Other Securities$2,179,057--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2016$80,530,800$340,806▲ $6,418,972$2,685,732$84,199,006
2015$91,675,718$-6,238,580▼ $2,157,052$2,405,172$80,530,800
2014$85,114,115$8,995,430▲ $131,286$2,228,816$91,675,718
2013$76,832,690$3,296,357▲ $7,407,150$2,077,149$85,114,115
2012$67,793,894$6,269,159▲ $4,954,341$1,871,713$76,832,690
Compensation and Service Providers
Top Officer Pay53rd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Chisholm ChandlerHeadmasterFT$357,317$137,221$494,538
Chisholm Chandler--$344,517$150,021$494,538
Mark SchmidtChief Financial OfficerFT$200,427$34,596$235,023
Mark Schmidt--$200,427$34,596$235,023
Peter GilbertDirector of AdmissionsFT$145,017$54,471$199,488
Peter Gilbert--$145,017$54,471$199,488
Robert WynneDirector of College AdvFT$137,393$59,671$197,064
Robert Wynne--$137,393$59,671$197,064
William BoyerDirector of Buildings and GroundsFT$100,410$38,668$139,078
Josephine LearyControllerFT$125,069$12,500$137,569

Board Members and Trustees

NameTitle
See Attached Listof unpaid trustees

Highest Paid Contractors

ContractorServicesLocationCompensation
United Construction and Engineering IncConstructionPO Box 1088, Torrington, CT 06790$2,153,538
Lindell Fuels IncFuelPO Box 609, Canaan, CT 06018$268,246
US Foodservice IncFood serviceBox 642554, Pittsburgh, PA 15264$247,837
Sysco Connecticut LLCFood serviceBox 4003, Rocky Hill, CT 06067$243,828
Ginsberg's FoodsFood serviceRt 66 PO Box 17, Hudson, NY 06018$211,914
Revenue and Support

Revenue Composition

Contributions and Grants
$3,351,368
Program Service Revenue
$19,918,469
Investment Income
$2,015,147
Other Revenue
$271,699
All Other Contributions
$3,351,368
Change in Net Assets
$-556,772

Noncash Contribution Practices

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

Noncash Contributions

Contribution TypeContribution CountReported Amount
Securities Publicly Traded40$432,810
Total Noncash Contributions40$432,810

Audited Revenue Reconciliation

Revenue per Audited Statements
$25,556,683
Revenue Not Reported on Form 990
$10,409,991
Total Revenue per Audited Statements
$35,966,674
Total Revenue per Form 990
$25,556,683
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$10,955,716
Salaries, Compensation, and Employee Benefits$10,834,589
Grants and Similar Amounts Paid$4,323,150
Total Fundraising Expense$1,261,453
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$5,284,660$1,865,930$642,447$7,793,037
Grants to Domestic Individuals$3,583,300--$3,583,300
Depreciation Depletion$3,001,976$0$0$3,001,976
Interest$1,473,965$0$0$1,473,965
Other Employee Benefits$750,382$481,152$136,217$1,367,751
Occupancy$1,111,091$151,022$417$1,262,530
Fees for Services Other$719,256$162,710$81,249$963,215
Foreign Grants$739,850--$739,850
Payroll Taxes$411,687$123,396$46,493$581,576
Current Officers, Directors, Trustees, and Key Employees$357,317$200,427$0$557,744
Pension Plan Contributions$320,154$148,586$65,741$534,481
Other Expenses$515,291$6,515$0$521,806
Fees for Service Investment Mgmnt Fees$0$405,840$0$405,840
Office Expenses$63,245$257,597$83,052$403,894
Information Technology$96,246$116,126$52,500$264,872
Insurance$244,308$5,453$2,726$252,487
Travel$2,121$100,712$38,038$140,871
Advertising$46,755$59,101$3,228$109,084
Conferences and Meetings$99,986$0$0$99,986
Total Functional Expenses$20,636,142$4,215,860$1,261,453$26,113,455

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$26,113,455
Total Expenses per Audited Statements$26,113,455
Total Expenses per Form 990$26,113,455
International Activity

International Compliance

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
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
Liability under trust agreements$47,541,209

Bond Issues

BondIssuerIssuedIssue PricePurpose
AChefa2015-12-31$48,194,000Defease Series C

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$48,194,000$47,684,654$158,000$465,379

Bond Financing Compliance

Form 8038-T filed
No
Gross proceeds invested
No
Gross proceeds invested in GIC
No
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 family members
No
Business relationship with organization members
No
Material changes to governing documents
No
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
Filing and Contact Details

Filer

Filer Name
Salisbury School Inc
EIN
06-0646888
Phone
8604355711
Address
251 CANAAN RD, SALISBURY, CT 06068

Signing Officer

Name
Mark Schmidt
Title
Business Manager
Phone
8604355711
Signed
2017-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Mark Schmidt
Formed
1901
Legal Domicile
Ct
Voting Board Members
37
Independent Board Members
36
Employees
244
Volunteers
80

Preparer

Firm
O'CONNELL PACE & COMPANY PC
Address
609 FARMINGTON AVE STE 201, HARTFORD, CT 06105
Preparer
William Clark
Phone
8602473917
Supplemental Narrative

Additional Explanations

Pt VI, Line 11B

“The audit committee then makes any needed changes and approves the Form 990”

Pt VI, Line 12C

“The School annually certifies that there are no conflicts”

Pt VI, Line 15A

“The Compensation Committee reviews key employee compensation annually and presents a recommendation at the spring meeting. ABOPS compensation data is used for comparability studies.”

Pt VI, Line 19

“All documents are available upon request and are on file in the business office of the School.”

Pt VI, Line 15B

“The Compensation Committee reviews key employee compensation annually and presents a recommendation at the spring meeting. ABOPS compensation data is used for comparability studies.”

Pt XI

“Change in value of charitable trusts”

Financial Statement Notes

Pt V, Line 4

“Scholarship and other program related expenses”

Pt XI, Line 2D

“change in value of charitable trusts”

Raw XML AppendixShowing 400 of 778 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.

Path#Value
IRS990/AccountantCompileOrReviewInd0false
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt02356684
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt02746983
IRS990/AccountsReceivableGrp/BOYAmt0158402
IRS990/AccountsReceivableGrp/EOYAmt0100126
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0Education: Salisbury School is an independent boy's secondary school (grades 9 thru 12) for boarding and day students. The school recruits students from around the world.
IRS990/AdvertisingGrp/FundraisingAmt03228
IRS990/AdvertisingGrp/ManagementAndGeneralAmt059101
IRS990/AdvertisingGrp/ProgramServicesAmt046755
IRS990/AdvertisingGrp/TotalAmt0109084
IRS990/AllOtherContributionsAmt03351368
IRS990/AnnualDisclosureCoveredPrsnInd0true
IRS990/AuditCommitteeInd0true
IRS990/BackupWthldComplianceInd0true
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0Josephine Leary
IRS990/BooksInCareOfDetail/PhoneNum08604355711
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0251 Canaan Rd
IRS990/BooksInCareOfDetail/USAddress/CityNm0Salisbury
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0CT
IRS990/BooksInCareOfDetail/USAddress/ZIPCd006068
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOfficerEntInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt01474747
IRS990/CashNonInterestBearingGrp/EOYAmt01263111
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CntrctRcvdGreaterThan100KCnt05
IRS990/CollectionsOfArtInd0false
IRS990/CompCurrentOfcrDirectorsGrp/FundraisingAmt00
IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt0200427
IRS990/CompCurrentOfcrDirectorsGrp/ProgramServicesAmt0357317
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt0557744
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0true
IRS990/CompensationProcessOtherInd0true
IRS990/ConferencesMeetingsGrp/FundraisingAmt00
IRS990/ConferencesMeetingsGrp/ManagementAndGeneralAmt00
IRS990/ConferencesMeetingsGrp/ProgramServicesAmt099986
IRS990/ConferencesMeetingsGrp/TotalAmt099986
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/ContractorCompensationGrp/CompensationAmt02153538
IRS990/ContractorCompensationGrp/CompensationAmt1268246
IRS990/ContractorCompensationGrp/CompensationAmt2247837
IRS990/ContractorCompensationGrp/CompensationAmt3243828
IRS990/ContractorCompensationGrp/CompensationAmt4211914
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt0PO Box 1088
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt1PO Box 609
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt2Box 642554
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt3Box 4003
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt4Rt 66 PO Box 17
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm0Torrington
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm1Canaan
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm2Pittsburgh
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm3Rocky Hill
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm4Hudson
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd0CT
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd1CT
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd2PA
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd3CT
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd4NY
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd006790
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd106018
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd215264
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd306067
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd406018
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt0United Construction and Engineering Inc
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt1Lindell Fuels Inc
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt2US Foodservice Inc
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt3Sysco Connecticut LLC
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt4Ginsberg's Foods
IRS990/ContractorCompensationGrp/ServicesDesc0Construction
IRS990/ContractorCompensationGrp/ServicesDesc1Fuel
IRS990/ContractorCompensationGrp/ServicesDesc2Food service
IRS990/ContractorCompensationGrp/ServicesDesc3Food service
IRS990/ContractorCompensationGrp/ServicesDesc4Food service
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt03351368
IRS990/CYGrantsAndSimilarPaidAmt04323150
IRS990/CYInvestmentIncomeAmt02015147
IRS990/CYOtherExpensesAmt010955716
IRS990/CYOtherRevenueAmt0271699
IRS990/CYProgramServiceRevenueAmt019918469
IRS990/CYRevenuesLessExpensesAmt0-556772
IRS990/CYSalariesCompEmpBnftPaidAmt010834589
IRS990/CYTotalExpensesAmt026113455
IRS990/CYTotalFundraisingExpenseAmt01261453
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt025556683
IRS990/DAFExcessBusinessHoldingsInd0false
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0true
IRS990/DeferredRevenueGrp/BOYAmt08089947
IRS990/DeferredRevenueGrp/EOYAmt08120589
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/FundraisingAmt00
IRS990/DepreciationDepletionGrp/ManagementAndGeneralAmt00
IRS990/DepreciationDepletionGrp/ProgramServicesAmt03001976
IRS990/DepreciationDepletionGrp/TotalAmt03001976
IRS990/Desc0SALISBURY SCHOOL IS AN INDEPENDENT BOY'S SECONDARY SCHOOL (GRADES 9 THRU 12) FOR BOARDING AND DAY STUDENTS
IRS990/DescribedInSection501c3Ind0true
IRS990/DisregardedEntityInd0false
IRS990/DistributionToDonorInd0false
IRS990/DocumentRetentionPolicyInd0true
IRS990/DonorAdvisedFundInd0false
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt0244
IRS990/EmploymentTaxReturnsFiledInd0true
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/EscrowAccountInd0false
IRS990/ExpenseAmt020543385
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FeesForServicesOtherGrp/FundraisingAmt081249
IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt0162710
IRS990/FeesForServicesOtherGrp/ProgramServicesAmt0719256
IRS990/FeesForServicesOtherGrp/TotalAmt0963215
IRS990/FeesForSrvcInvstMgmntFeesGrp/FundraisingAmt00
IRS990/FeesForSrvcInvstMgmntFeesGrp/ManagementAndGeneralAmt0405840
IRS990/FeesForSrvcInvstMgmntFeesGrp/ProgramServicesAmt00
IRS990/FeesForSrvcInvstMgmntFeesGrp/TotalAmt0405840
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignGrantsGrp/ProgramServicesAmt0739850
IRS990/ForeignGrantsGrp/TotalAmt0739850
IRS990/ForeignOfficeInd0false
IRS990/Form8282PropertyDisposedOfInd0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt00.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt140.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt240.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt340.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt440.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt540.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt640.00
IRS990/Form990PartVIISectionAGrp/HighestCompensatedEmployeeInd0X
IRS990/Form990PartVIISectionAGrp/HighestCompensatedEmployeeInd1X
IRS990/Form990PartVIISectionAGrp/HighestCompensatedEmployeeInd2X
IRS990/Form990PartVIISectionAGrp/HighestCompensatedEmployeeInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/KeyEmployeeInd0X
IRS990/Form990PartVIISectionAGrp/KeyEmployeeInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1137221
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt234596
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt359671
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt412500
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt554471
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt638668
IRS990/Form990PartVIISectionAGrp/PersonNm0SEE ATTACHED LIST
IRS990/Form990PartVIISectionAGrp/PersonNm1CHISHOLM CHANDLER
IRS990/Form990PartVIISectionAGrp/PersonNm2MARK SCHMIDT
IRS990/Form990PartVIISectionAGrp/PersonNm3ROBERT WYNNE
IRS990/Form990PartVIISectionAGrp/PersonNm4JOSEPHINE LEARY
IRS990/Form990PartVIISectionAGrp/PersonNm5PETER GILBERT
IRS990/Form990PartVIISectionAGrp/PersonNm6WILLIAM BOYER
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt1357317
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt2200427
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt3137393
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt4125069
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt5145017
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt6100410
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/TitleTxt0of unpaid trustees
IRS990/Form990PartVIISectionAGrp/TitleTxt1Headmaster
IRS990/Form990PartVIISectionAGrp/TitleTxt2Chief Financial Officer
IRS990/Form990PartVIISectionAGrp/TitleTxt3Dir. of College Adv
IRS990/Form990PartVIISectionAGrp/TitleTxt4Controller
IRS990/Form990PartVIISectionAGrp/TitleTxt5Director of Admissions
IRS990/Form990PartVIISectionAGrp/TitleTxt6Director of Buildings and Grounds
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/Form990TFiledInd0true
IRS990/FormationYr01901
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
IRS990/GainOrLossGrp/SecuritiesAmt01466857
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt037
IRS990/GrantAmt04323150
IRS990/GrantsToDomesticIndividualsGrp/ProgramServicesAmt03583300
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt03583300
IRS990/GrantsToIndividualsInd0true
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt01933594
IRS990/GrossReceiptsAmt026023420
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0true
IRS990/IndependentAuditFinclStmtInd0true
IRS990/IndependentVotingMemberCnt036
IRS990/IndivRcvdGreaterThan100KCnt06
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InformationTechnologyGrp/FundraisingAmt052500
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt0116126
IRS990/InformationTechnologyGrp/ProgramServicesAmt096246
IRS990/InformationTechnologyGrp/TotalAmt0264872
IRS990/InsuranceGrp/FundraisingAmt02726
IRS990/InsuranceGrp/ManagementAndGeneralAmt05453
IRS990/InsuranceGrp/ProgramServicesAmt0244308
IRS990/InsuranceGrp/TotalAmt0252487
IRS990/InterestGrp/FundraisingAmt00
IRS990/InterestGrp/ManagementAndGeneralAmt00
IRS990/InterestGrp/ProgramServicesAmt01473965
IRS990/InterestGrp/TotalAmt01473965
IRS990/InventoriesForSaleOrUseGrp/BOYAmt0192149
IRS990/InventoriesForSaleOrUseGrp/EOYAmt0188677
IRS990/InvestmentIncomeGrp/ExclusionAmt0548290
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0548290
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt050786478
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt051009589
IRS990/InvestTaxExemptBondsInd0false
IRS990/IRPDocumentCnt042
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt037728904
IRS990/LandBldgEquipBasisNetGrp/BOYAmt067439380
IRS990/LandBldgEquipBasisNetGrp/EOYAmt068327043
IRS990/LandBldgEquipCostOrOtherBssAmt0106055947
IRS990/LegalDomicileStateCd0CT
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt0466737
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0Education:
IRS990/MoreThan5000KToIndividualsInd0true
IRS990/MoreThan5000KToOrgInd0false
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt033863
IRS990/NetAssetsOrFundBalancesBOYAmt0109923239
IRS990/NetAssetsOrFundBalancesEOYAmt0119776456
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt01466857
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt01466857
IRS990/NetUnrlzdGainsLossesInvstAmt04408080
IRS990/NoncashContributionsAmt0432810
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/FundraisingAmt0417
IRS990/OccupancyGrp/ManagementAndGeneralAmt0151022
IRS990/OccupancyGrp/ProgramServicesAmt01111091
IRS990/OccupancyGrp/TotalAmt01262530
IRS990/OfficeExpensesGrp/FundraisingAmt083052
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0257597
IRS990/OfficeExpensesGrp/ProgramServicesAmt063245
IRS990/OfficeExpensesGrp/TotalAmt0403894
IRS990/OfficerMailingAddressInd0false
IRS990/OnBehalfOfIssuerInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt070870862
IRS990/OtherAssetsTotalGrp/EOYAmt085258549
IRS990/OtherChangesInNetAssetsAmt06001909
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt0136217
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt0481152
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0750382
IRS990/OtherEmployeeBenefitsGrp/TotalAmt01367751
IRS990/OtherExpensesGrp/Desc0Supplies
IRS990/OtherExpensesGrp/Desc1Student incidentals
IRS990/OtherExpensesGrp/Desc2General expenses
IRS990/OtherExpensesGrp/FundraisingAmt05061
IRS990/OtherExpensesGrp/FundraisingAmt1104284
IRS990/OtherExpensesGrp/FundraisingAmt20
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt025574
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1105719
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt26515
IRS990/OtherExpensesGrp/ProgramServicesAmt0323160
IRS990/OtherExpensesGrp/ProgramServicesAmt11491392
IRS990/OtherExpensesGrp/ProgramServicesAmt2515291
IRS990/OtherExpensesGrp/TotalAmt0353795
IRS990/OtherExpensesGrp/TotalAmt11701395
IRS990/OtherExpensesGrp/TotalAmt2521806
IRS990/OtherLiabilitiesGrp/BOYAmt038866518
IRS990/OtherLiabilitiesGrp/EOYAmt047541209
IRS990/OtherRevenueMiscGrp/BusinessCd0999999
IRS990/OtherRevenueMiscGrp/Desc0Other revenues
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt0109855
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0271699
IRS990/OtherRevenueMiscGrp/UnrelatedBusinessRevenueAmt0161844
IRS990/OtherRevenueTotalAmt0271699
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt0642447
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt01865930
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt05284660
IRS990/OtherSalariesAndWagesGrp/TotalAmt07793037
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt046493
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt0123396
IRS990/PayrollTaxesGrp/ProgramServicesAmt0411687
IRS990/PayrollTaxesGrp/TotalAmt0581576
IRS990/PensionPlanContributionsGrp/FundraisingAmt065741
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt0148586
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt0320154
IRS990/PensionPlanContributionsGrp/TotalAmt0534481
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt027670258
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt03068087
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt02474234
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0654777
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0678654
IRS990/PrincipalOfficerNm0MARK SCHMIDT
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0611600
IRS990/ProgramServiceRevenueGrp/BusinessCd1611600
IRS990/ProgramServiceRevenueGrp/Desc0Student Tuition & Fees
IRS990/ProgramServiceRevenueGrp/Desc1Auxiliary Services
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt019133955
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1784514
IRS990/ProgSrvcAccomActy2Grp/Desc0SALISBURY SUMMER SCHOOL IS AN INDEPENDENT READING AND ENGLISH CO-ED SUMMER SCHOOL (GRADES 8 THRU 12)
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt092757
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt0533923
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt04391448
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt04205089
IRS990/PYInvestmentIncomeAmt0473849
IRS990/PYOtherExpensesAmt010603827
IRS990/PYOtherRevenueAmt0297490
IRS990/PYProgramServiceRevenueAmt019495278
IRS990/PYRevenuesLessExpensesAmt0-1060076
IRS990/PYSalariesCompEmpBnftPaidAmt010909225
IRS990/PYTotalExpensesAmt025718141
IRS990/PYTotalRevenueAmt024658065
IRS990/QuidProQuoContributionsInd0true
IRS990/QuidProQuoContriDisclInd0true
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0-556772
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0true
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt018600032
IRS990/SavingsAndTempCashInvstGrp/BOYAmt012627506
IRS990/SavingsAndTempCashInvstGrp/EOYAmt015953117
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeCYPct00
IRS990ScheduleA/PublicSupportCY170Pct00
IRS990ScheduleA/PublicSupportCY509Pct00
IRS990ScheduleA/PublicSupportTotal170Amt00
IRS990ScheduleA/PublicSupportTotal509Amt00
IRS990ScheduleA/SchoolInd0X
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/BoardDesignatedBalanceEOYPct00.22000
IRS990ScheduleD/BuildingsGrp/BookValueAmt065918283
IRS990ScheduleD/BuildingsGrp/DepreciationAmt034575956
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0100494239
IRS990ScheduleD/CYEndwmtFundGrp/AdministrativeExpensesAmt0405840
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt080530800
IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt0340806
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt084199006
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt06418972
IRS990ScheduleD/CYEndwmtFundGrp/OtherExpendituresAmt02685732
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/AdministrativeExpensesAmt0344114
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt091675718
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt0-6238580
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt080530800
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-2157052
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/OtherExpendituresAmt02405172
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/AdministrativeExpensesAmt0336297
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt085114115
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt08995430
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt091675718
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0131286
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/OtherExpendituresAmt02228816
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/AdministrativeExpensesAmt0344933
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt076832690
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt03296357
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt085114115
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt07407150
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/OtherExpendituresAmt02077149

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$225,253,100
Liabilities
$105,476,644
Net assets
$119,776,456
Revenue
$25,556,683
Expenses
$26,113,455
Net income
-$556,772
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$251$48.6$203$40.0$33.3$6.72
2023Detailed filing. Detailed filing data is available for this year.$231$51.7$180$35.6$30.7$4.83
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$219$50.8$168$36.8$28.2$8.63
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$220$54.8$165$31.9$26.7$5.22
2020Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$184$53.7$130$27.4$27.1$0.37
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$187$52.9$134$32.3$27.4$4.89
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$185$56.8$128$31.2$26.6$4.54
2017Detailed filing. Detailed filing data is available for this year.$225$105$120$25.6$26.1$0.56
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$207$97.3$110$24.7$25.7$1.06
2015Detailed filing. Detailed filing data is available for this year.$230$111$120$35.6$25.9$9.69
2014Detailed filing. Detailed filing data is available for this year.$200$86.0$114$29.8$25.1$4.70
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$187$82.9$104$30.6$23.6$7.05
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$176$80.8$95.2$23.1
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$181$83.1$98.1$22.4
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$166$77.3$88.7$21.0