Civic Intelligence

The Masters School Inc.

990 • Fiscal year 2016 • EIN 23-7016084

Jul 01, 2015 to Jun 30, 2016 • Filed on Feb 21, 2017

Organization Profilewww.masterschool.org

View Organization Page

36 Westledge RoadWest Simsbury, CT 06092

(860) 651-9361

Siviq Scores

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

Liabilities / Assets

81st percentile

0.66x

Higher debt load relative to assets than 81% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Liabilities / Revenue

65th percentile

0.38x

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

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Net Margin

35th percentile

-1.4%

Higher net margin than 35% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Top Officer Pay

63rd percentile

$151,092

Higher top officer pay than 63% of similar nonprofits.

Top officer pay equals 2.5% of source-year revenue.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Asset Growth

16th percentile

-5.9%

Faster asset growth than 16% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2015 to 2016

Revenue Growth

60th percentile

6.4%

Faster revenue growth than 60% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets81st percentile

Assets

Down

$3,469,567

Down $216,521 (-5.9%) from 2015

Net Assets

Down

$1,194,031

Down $83,243 (-6.5%) from 2015

Liabilities

Down

$2,275,536

Down $133,278 (-5.5%) from 2015

Revenue And Expenses
Liabilities / Revenue65th percentileNet Margin35th percentile

Revenue

Up

$6,019,408

Up $360,406 (+6.4%) from 2015

Expenses

Up

$6,100,752

Up $234,518 (+4.0%) from 2015

Net Income

Up

-$81,344

Up $125,888 (+61%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth16th percentile

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

$6.0M$4.0M$2.0M$0Assets 2010: $4,434,501Liabilities 2010: $1,563,833Net Assets 2010: $2,870,6682010Assets 2011: $4,035,658Liabilities 2011: $1,731,719Net Assets 2011: $2,303,9392011Assets 2012: $4,307,638Liabilities 2012: $2,262,512Net Assets 2012: $2,045,1262012Assets 2013: $4,071,870Liabilities 2013: $2,217,726Net Assets 2013: $1,854,1442013Assets 2014: $3,723,232Liabilities 2014: $2,236,336Net Assets 2014: $1,486,8962014Assets 2015: $3,686,088Liabilities 2015: $2,408,814Net Assets 2015: $1,277,2742015Assets 2016: $3,469,567Liabilities 2016: $2,275,536Net Assets 2016: $1,194,0312016Assets 2017: $3,503,358Liabilities 2017: $2,321,919Net Assets 2017: $1,181,4392017Assets 2018: $3,215,433Liabilities 2018: $2,170,524Net Assets 2018: $1,044,9092018Assets 2019: $2,987,996Liabilities 2019: $2,185,755Net Assets 2019: $802,2412019Assets 2020: $3,285,619Liabilities 2020: $2,258,474Net Assets 2020: $1,027,1452020Assets 2021: $3,178,579Liabilities 2021: $2,035,157Net Assets 2021: $1,143,4222021Assets 2022: $2,824,976Liabilities 2022: $1,409,455Net Assets 2022: $1,415,5212022Assets 2023: $3,633,517Liabilities 2023: $1,842,200Net Assets 2023: $1,791,3172023Assets 2024: $2,975,153Liabilities 2024: $1,669,367Net Assets 2024: $1,305,7862024

Highlighted filing

2016

Assets$3,469,567
Liabilities$2,275,536
Net Assets$1,194,031
Open 2016 Filing

Operations Trend

Revenue Growth60th percentile

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

$8.0M$6.0M$4.0M$2.0M$0-$2.0MExpenses 2010: $3,641,1182010Expenses 2011: $4,802,7242011Expenses 2012: $5,158,6862012Expenses 2013: $5,553,3172013Revenue 2014: $5,677,159Expenses 2014: $6,051,220Net Income 2014: -$374,0612014Revenue 2015: $5,659,002Expenses 2015: $5,866,234Net Income 2015: -$207,2322015Revenue 2016: $6,019,408Expenses 2016: $6,100,752Net Income 2016: -$81,3442016Revenue 2017: $5,938,104Expenses 2017: $5,958,735Net Income 2017: -$20,6312017Revenue 2018: $6,004,631Expenses 2018: $6,135,824Net Income 2018: -$131,1932018Revenue 2019: $5,177,510Expenses 2019: $5,421,775Net Income 2019: -$244,2652019Revenue 2020: $5,147,869Expenses 2020: $4,910,909Net Income 2020: $236,9602020Revenue 2021: $4,022,690Expenses 2021: $3,926,249Net Income 2021: $96,4412021Revenue 2022: $4,451,411Expenses 2022: $4,142,251Net Income 2022: $309,1602022Revenue 2023: $4,770,990Expenses 2023: $4,407,058Net Income 2023: $363,9322023Revenue 2024: $4,667,408Expenses 2024: $5,193,306Net Income 2024: -$525,8982024

Highlighted filing

2016

Revenue$6,019,408
Expenses$6,100,752
Net Income-$81,344
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Feb 21, 2017
Return Version
2015v3.0
Gross Receipts
$6,118,849
Mission and Program Overview

Mission

To operate a christian school which integrates faith and learning within the framework of a christian worldview. We challenge our students to strive for spiritual maturity and academic excellence in a supportive community that emphasizes "education from the inside out".

An integration of faith and learning within the framework of a Biblical worldview.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$3,269,752$3,120,984▼ $148,768
Savings and Temporary Cash Investments$293,859$220,446▼ $73,413
Loans From Officers Directors$150,000$132,450▼ $17,550
Investments in Publicly Traded Securities$57,676$105,150▲ $47,474
Prepaid Expenses and Deferred Charges$7,309$13,344▲ $6,035
Cash and Non-Interest-Bearing Accounts$22,630$7,236▼ $15,394
Accounts Receivable$9,734$2,407▼ $7,327
Total Assets$3,686,088$3,469,567▼ $216,521
Other Assets Total$25,128$0▼ $25,128
Liabilities
Deferred Revenue$1,269,618$1,002,301▼ $267,317
Mortgage Notes Payable Secured by Investment Property$639,392$824,772▲ $185,380
Accounts Payable and Accrued Expenses$349,804$316,013▼ $33,791
Total Liabilities$2,408,814$2,275,536▼ $133,278
Net Assets / Fund Balance
Unrestricted Net Assets$1,162,174$1,026,286▼ $135,888
Permanently Rstr Net Assets$47,510$97,510▲ $50,000
Temporarily Rstr Net Assets$67,590$70,235▲ $2,645
Total Net Assets Fund Balance$1,277,274$1,194,031▼ $83,243
Total Liabilities and Net Assets / Fund Balance$3,686,088$3,469,567▼ $216,521

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$3,037,404$2,057,120$5,094,524
Equipment$48,870$590,869$639,739
Other Land Buildings$900$139,662$140,562
Land$33,810-$33,810

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2015$56,705$50,000▼ $2,526-$104,179
2014$55,859-▲ $846-$56,705
2013$48,264-▲ $7,595-$55,859
2012$38,902-▲ $9,362-$48,264
2011$35,882-▲ $3,020-$38,902
Compensation and Service Providers
Top Officer Pay63rd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Raymond P LaganHead of SchoolFT$113,687$37,627$151,314
Kathryn KayTrustee-$1,000-$1,000

Board Members and Trustees

NameTitle
Steven WrightPresident
Jon BlomquistVice President
Bill LamoreyTrustee
Jim SwartzentruberTrustee
Rich AinsworthTrustee
Rob BellTrustee
Geoffrey SwansonSecretary
Todd ShelanskyTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$479,982
Program Service Revenue
$5,467,169
Investment Income
$-480
Other Revenue
$72,737
All Other Contributions
$373,789
Change in Net Assets
$-81,344

Audited Revenue Reconciliation

Revenue per Audited Statements
$4,884,834
Revenue Not Reported on Financial Statements
$1,134,574
Revenue Not Reported on Form 990
$41,758
Other Revenue Adjustments
$1,134,560
Total Revenue per Audited Statements
$4,926,592
Total Revenue per Form 990
$6,019,408
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$3,341,595
Other Expenses$1,624,597
Grants and Similar Amounts Paid$1,134,560
Total Fundraising Expense$129,415
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,060,236$339,884$29,192$2,429,312
Grants to Domestic Individuals$1,134,560--$1,134,560
Other Employee Benefits$522,255$30,284$11,250$563,789
Occupancy$318,787$39,401-$358,188
Depreciation Depletion$174,936$21,509-$196,445
Payroll Taxes$151,172$29,599$6,801$187,572
Current Officers, Directors, Trustees, and Key Employees-$80,461$80,461$160,922
Information Technology$125,085$15,460-$140,545
All Other Expenses$55,542--$55,542
Interest$35,973--$35,973
Office Expenses$34,223-$1,711$35,934
Fees for Services Accounting-$29,705-$29,705
Travel$24,215--$24,215
Other Expenses$20,305--$20,305
Fees for Services Other-$12,255-$12,255
Fees for Service Investment Mgmnt Fees-$14-$14
Total Functional Expenses$5,372,765$598,572$129,415$6,100,752

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$6,100,752
Total Expenses per Audited Statements$5,009,835
Expenses per Audited Statements$4,966,178
Expenses Not Reported on Financial Statements$1,134,574
Other Expense Adjustments$1,134,560
Expenses Not Reported on Form 990$43,657
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$41,346
Fundraising Gross Income$25,221
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Gala Event$102,545$13,720$5,642$8,078
Golf Event$28,869$11,501$1,731$9,770
Total Events$131,414$25,221$41,346$-16,125
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$150,000$132,450▼ $17,550
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
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 B, line 11

“A copy of the 990, excluding Schedule B, will be made available to each board member. The Treasurer of the Board has the authority to release the 990 on behalf of the Board. The Business Offic Director and the Treasurer of the Board of Trustees review the 990 in detail before final processing.”

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

“In cases where a Board member has a financial interest in any matter involving the School or before the Board, the following guidelines shall be followed concerning the matter of conflict of interest: 1) No Board member shall perform labor or services or furnish equipment or supplies for which financial renumberation is made without prior approval by the board. 2) When any matter involving financial consideration comes before the board and one or more members discover they have a personal financial interest either directly or remotely related, said Board member shall disclose this interest to the full Board. Said Board member shall refrain from discussion and abstain from voting on the matter.”

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

“The Chairman of the Board annually performs a performance review and sets goals with the President. Comparability data from other schools of similar type are reviewed. Compensation is set from the review and approved by the Board. 15b - The organization does not compensate any other officers or key employees. Therefore, this line was answered no in accordance with the instructions.”

Form 990, Part VI, Section C, line 19

“These documents are available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
The Master's School
EIN
23-7016084
Phone
8606519361
Address
36 Westledge Road, West Simsbury, CT 06092

Signing Officer

Name
Raymond P Lagan
Title
Head of School
Phone
8606519361
Signed
2017-02-21
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Raymond P Lagan
Formed
1970
Legal Domicile
Ct
Voting Board Members
9
Independent Board Members
9
Employees
102
Volunteers
30

Preparer

Firm
Capin Crouse LLP
Address
972 Emerson Parkway STE A, Greenwood, IN 46143
Preparer
David C Moja
Phone
3178852620
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2C

“The organization's Board assumes responsibility for oversight of the audit of its financial statements and selection of its independent accountant. This process has not changed since the prior year.”

Financial Statement Notes

Part II, Line 3:

“Operations staff has a copy of easement restrictions and is aware of communicatins required when questions arise. The School maintains a productive professional relationship with the Simsbury Land Trust.”

Part II, Line 9:

“Land was sold to the Simsbury Land Trust in a prior year. Included in the sales agreement were easements to cross driveways and pathways throughout the campus in order to access conservation land and hiking trails. Easements do not affect value of the property or operations of the School and are not disclosed in the financial statements.”

Part V, Line 4:

“The School intends to grow an endowment fund which will provide income to support its general operations. Currently the School does not draw upon the general fund. The second fund was created in 15-16 to provide scholarships to students.”

Part X, Line 2:

“The financial statement effects of a tax position taken or expected to be taken are recognized in the financial statements when it is more likely than not, based on the technical merits, that the position will be sustained upon examination. Interest and penalties, if any, are included in expenses in the statement of activities. As of June 30, 2016, the School had no uncertain tax positions that qualify for recognition or disclosure in the financial statements. The School files information tax returns in the U.S. and Connecticut. The School is generally no longer subject to U.S. Federal and state income tax examinations by tax authorities for years prior to the fiscal year ending June 30, 2013.”

Part XI, Line 2D - Other Adjustments:

“Special Events Expense 41,346. Rental Expense 2,311.”

Part XI, Line 4B - Other Adjustments:

“Financial Aid 1,134,560.”

Part XII, Line 2D - Other Adjustments:

“Special Events Expense 41,346. Rental Expense 2,311.”

Part XII, Line 4B - Other Adjustments:

“Financial Aid 1,134,560.”

Raw XML AppendixShowing 400 of 589 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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IRS990/GrantsToDomesticIndividualsGrp/TotalAmt01134560
IRS990/GrantsToIndividualsInd01
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd01
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt052739
IRS990/GrossReceiptsAmt06118849
IRS990/GrossRentsGrp/RealAmt018179
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt09
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt015460
IRS990/InformationTechnologyGrp/ProgramServicesAmt0125085
IRS990/InformationTechnologyGrp/TotalAmt0140545
IRS990/InterestGrp/ProgramServicesAmt035973
IRS990/InterestGrp/TotalAmt035973
IRS990/InvestmentIncomeGrp/ExclusionAmt02565
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt02565
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt057676
IRS990/InvestmentsPubTradedSecGrp/EOYAmt0105150
IRS990/IRPDocumentCnt040
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt02787651
IRS990/LandBldgEquipBasisNetGrp/BOYAmt03269752
IRS990/LandBldgEquipBasisNetGrp/EOYAmt03120984
IRS990/LandBldgEquipCostOrOtherBssAmt05908635
IRS990/LegalDomicileStateCd0CT
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt055784
IRS990/LessRentalExpensesGrp/RealAmt02311
IRS990/LoanOutstandingInd01
IRS990/LoansFromOfficersDirectorsGrp/BOYAmt0150000
IRS990/LoansFromOfficersDirectorsGrp/EOYAmt0132450
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0To operate a Christian school which integrates faith and learning within the framework of a Biblical worldview. We challenge our students to strive for spiritual maturity and academic excellence in a supportive community that emphasizes "Education from the Inside Out".
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt0639392
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt0824772
IRS990/NetAssetsOrFundBalancesBOYAmt01277274
IRS990/NetAssetsOrFundBalancesEOYAmt01194031
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0-3045
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0-3045
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt0-16125
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt0-16125
IRS990/NetRentalIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt015868
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt015868
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0-1899
IRS990/NoncashContributionsAmt09859
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt039401
IRS990/OccupancyGrp/ProgramServicesAmt0318787
IRS990/OccupancyGrp/TotalAmt0358188
IRS990/OfficeExpensesGrp/FundraisingAmt01711
IRS990/OfficeExpensesGrp/ProgramServicesAmt034223
IRS990/OfficeExpensesGrp/TotalAmt035934
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt025128
IRS990/OtherAssetsTotalGrp/EOYAmt00
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt011250
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt030284
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0522255
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0563789
IRS990/OtherExpensesGrp/Desc0Student Programs
IRS990/OtherExpensesGrp/Desc1Books & Supplies
IRS990/OtherExpensesGrp/Desc2Bad Debt
IRS990/OtherExpensesGrp/ProgramServicesAmt0528857
IRS990/OtherExpensesGrp/ProgramServicesAmt1186619
IRS990/OtherExpensesGrp/ProgramServicesAmt220305
IRS990/OtherExpensesGrp/TotalAmt0528857
IRS990/OtherExpensesGrp/TotalAmt1186619
IRS990/OtherExpensesGrp/TotalAmt220305
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0Other revenue
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt072994
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt072994
IRS990/OtherRevenueTotalAmt072994
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt029192
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0339884
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt02060236
IRS990/OtherSalariesAndWagesGrp/TotalAmt02429312
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt06801
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt029599
IRS990/PayrollTaxesGrp/ProgramServicesAmt0151172
IRS990/PayrollTaxesGrp/TotalAmt0187572
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt047510
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt097510
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt07309
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt013344
IRS990/PrincipalOfficerNm0Raymond P Lagan
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611110
IRS990/ProgramServiceRevenueGrp/BusinessCd1611110
IRS990/ProgramServiceRevenueGrp/Desc0Tuition and Fees
IRS990/ProgramServiceRevenueGrp/Desc1Summer Programs
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt05374420
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt192749
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt05374420
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt192749
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0451785
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt0982613
IRS990/PYInvestmentIncomeAmt0924
IRS990/PYOtherExpensesAmt01540673
IRS990/PYOtherRevenueAmt088133
IRS990/PYProgramServiceRevenueAmt05118160
IRS990/PYRevenuesLessExpensesAmt0-207232
IRS990/PYSalariesCompEmpBnftPaidAmt03342948
IRS990/PYTotalExpensesAmt05866234
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt05659002
IRS990/QuidProQuoContributionsInd01
IRS990/QuidProQuoContriDisclInd01
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-81344
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/RealAmt015868
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt05556031
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0293859
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0220446
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/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt03037404
IRS990ScheduleD/BuildingsGrp/DepreciationAmt02057120
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt05094524
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt056705
IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt050000
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt0104179
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-2526
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt055859
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt056705
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0846
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt048264
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt055859
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt07595
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt038902
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt048264
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt09362
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt035882
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt038902
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt03020
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd00
IRS990ScheduleD/EquipmentGrp/BookValueAmt048870
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0590869
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0639739
IRS990ScheduleD/ExpensesIncurredEnforcementAmt00
IRS990ScheduleD/ExpensesNotReportedAmt043657
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt01134574
IRS990ScheduleD/ExpensesSubtotalAmt04966178
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/HistoricStrctrEasementsAftrCnt00
IRS990ScheduleD/HistoricStructureEasementsCnt00
IRS990ScheduleD/InvestmentExpensesNotIncld2Amt014
IRS990ScheduleD/InvestmentExpensesNotIncldAmt014
IRS990ScheduleD/LandGrp/BookValueAmt033810
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt033810
IRS990ScheduleD/ModifiedEasementsCnt00
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0-1899
IRS990ScheduleD/OtherExpensesIncludedAmt043657
IRS990ScheduleD/OtherExpensesNotIncludedAmt01134560
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0900
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0139662
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0140562
IRS990ScheduleD/OtherRevenueAmt043657
IRS990ScheduleD/OtherRevenuesNotIncludedAmt01134560
IRS990ScheduleD/PreservationPublicUseInd0X
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct00.93600
IRS990ScheduleD/ProtectionNaturalHabitatInd0X
IRS990ScheduleD/RevenueNotReportedAmt041758
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt01134574
IRS990ScheduleD/RevenueSubtotalAmt04884834
IRS990ScheduleD/Section170hRqrStsfdInd01
IRS990ScheduleD/StaffHoursSpentEnforcementCnt010.00
IRS990ScheduleD/StatesEasementsHeldCnt01
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0Operations staff has a copy of easement restrictions and is aware of communicatins required when questions arise. The School maintains a productive professional relationship with the Simsbury Land Trust.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1Land was sold to the Simsbury Land Trust in a prior year. Included in the sales agreement were easements to cross driveways and pathways throughout the campus in order to access conservation land and hiking trails. Easements do not affect value of the property or operations of the School and are not disclosed in the financial statements.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2The School intends to grow an endowment fund which will provide income to support its general operations. Currently the School does not draw upon the general fund. The second fund was created in 15-16 to provide scholarships to students.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt3The financial statement effects of a tax position taken or expected to be taken are recognized in the financial statements when it is more likely than not, based on the technical merits, that the position will be sustained upon examination. Interest and penalties, if any, are included in expenses in the statement of activities. As of June 30, 2016, the School had no uncertain tax positions that qualify for recognition or disclosure in the financial statements. The School files information tax returns in the U.S. and Connecticut. The School is generally no longer subject to U.S. Federal and state income tax examinations by tax authorities for years prior to the fiscal year ending June 30, 2013.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt4Special Events Expense 41,346. Rental Expense 2,311.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt5Financial Aid 1,134,560.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt6Special Events Expense 41,346. Rental Expense 2,311.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt7Financial Aid 1,134,560.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part II, Line 3:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1Part II, Line 9:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2Part V, Line 4:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc3Part X, Line 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc4Part XI, Line 2d - Other Adjustments:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc5Part XI, Line 4b - Other Adjustments:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc6Part XII, Line 2d - Other Adjustments:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc7Part XII, Line 4b - Other Adjustments:
IRS990ScheduleD/TermEndowmentBalanceEOYPct00.06400
IRS990ScheduleD/TotalAcreageCnt010.00
IRS990ScheduleD/TotalBookValueLandBuildingsAmt03120984
IRS990ScheduleD/TotalEasementsCnt07

Document Assets

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Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$3,469,567
Liabilities
$2,275,536
Net assets
$1,194,031
Revenue
$6,019,408
Expenses
$6,100,752
Net income
-$81,344
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.98$1.67$1.31$4.67$5.19$0.53
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.63$1.84$1.79$4.77$4.41$0.36
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.82$1.41$1.42$4.45$4.14$0.31
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.18$2.04$1.14$4.02$3.93$0.10
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.29$2.26$1.03$5.15$4.91$0.24
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.99$2.19$0.80$5.18$5.42$0.24
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.22$2.17$1.04$6.00$6.14$0.13
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.50$2.32$1.18$5.94$5.96$0.02
2016Detailed filing. Detailed filing data is available for this year.$3.47$2.28$1.19$6.02$6.10$0.08
2015Detailed filing. Detailed filing data is available for this year.$3.69$2.41$1.28$5.66$5.87$0.21
2014Detailed filing. Detailed filing data is available for this year.$3.72$2.24$1.49$5.68$6.05$0.37
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.07$2.22$1.85$5.55
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.31$2.26$2.05$5.16
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.04$1.73$2.30$4.80
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.43$1.56$2.87$3.64