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Nonprofiteer
← LONG TRAIL SCHOOL INC

Form 990 for tax year 2022

Filed by LONG TRAIL SCHOOL INC.

Totals

Total revenue
$6,350,312
Total expenses
$6,170,552
Contributions and grants received
$643,444
Grants paid
$701,775
Program service revenue
$5,489,085
Investment income
$217,783
Other revenue
$0
Total assets, end of year
$17,783,889
Total liabilities, end of year
$507,781
Net assets or fund balances, end of year
$17,276,108
Program services expenses (Part IX)
$5,364,832
Management and general expenses
$568,459
Fundraising expenses
$237,261
Program service expenses (Part III)
$5,364,832

Program services were 86.9% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1e · Government grants (contributions)

    $147,688

  • 1f · All other contributions, gifts and grants

    $495,756

  • 2a · Program service revenue: TUITION

    total $5,040,549 · related or exempt $5,040,549

  • 2b · Program service revenue: PROGRAM SUPPORT

    total $402,382 · related or exempt $402,382

  • 2c · Program service revenue: SUMMER PROGRAMS

    total $46,154 · related or exempt $46,154

  • 3 · Investment income

    total $180,084 · excluded $180,084

  • 7a · Gross sales of assets other than inventory

    securities $2,565,768

  • 7b · Less cost or other basis and sales expenses

    securities $2,528,069

  • 7c · Gain or loss

    securities $37,699

  • 7d · Net gain or loss

    total $37,699 · related or exempt $37,699

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $701,775 · program services $701,775

  • 5 · Compensation of officers, directors and key employees

    total $341,610 · program services $61,152 · management and general $264,767 · fundraising $15,691

  • 7 · Other salaries and wages

    total $2,977,573 · program services $2,795,654 · fundraising $181,919

  • 8 · Pension plan contributions

    total $72,618 · program services $49,799 · management and general $16,890 · fundraising $5,929

  • 9 · Other employee benefits

    total $228,932 · program services $194,673 · management and general $21,365 · fundraising $12,894

  • 10 · Payroll taxes

    total $251,548 · program services $208,785 · management and general $32,701 · fundraising $10,062

  • 11a · Fees: management

    total $8,656 · management and general $8,656

  • 11c · Fees: accounting

    total $42,176 · management and general $42,176

  • 11g · Fees: other

    total $3,650 · program services $3,650

  • 12 · Advertising and promotion

    total $13,941 · program services $7,085 · fundraising $6,856

  • 13 · Office expenses

    total $13,313 · management and general $13,313

  • 14 · Information technology

    total $112,219 · program services $28,055 · management and general $84,164

  • 16 · Occupancy

    total $113,021 · program services $111,891 · management and general $1,130

  • 20 · Interest

    total $2,217 · management and general $2,217

  • 22 · Depreciation, depletion and amortization

    total $273,941 · program services $271,202 · management and general $2,739

  • 23 · Insurance

    total $91,290 · program services $68,468 · management and general $22,822

  • 24a · Other expenses: STUDENT ACTIVITIES

    total $262,630 · program services $262,630

  • 24b · Other expenses: REPAIRS AND MAINTENANCE

    total $253,538 · program services $253,538

  • 24c · Other expenses: VEHICLES & TRANSPORTATI

    total $141,071 · program services $141,071

  • 24d · Other expenses: INSTRUCTIONAL

    total $97,906 · program services $97,906

  • 24e · All other expenses

    total $166,927 · program services $107,498 · management and general $55,519 · fundraising $3,910

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,179,848 · end of year $2,053,058

  • 4 · Accounts receivable

    beginning of year $70,111 · end of year $52,310

  • 10a · Land, buildings and equipment: cost or other basis

    $15,676,016

  • 10b · Land, buildings and equipment: accumulated depreciation

    $6,920,511

  • 10c · Land, buildings and equipment, net

    beginning of year $8,799,915 · end of year $8,755,505

  • 11 · Investments: publicly traded securities

    beginning of year $5,968,197 · end of year $6,764,524

  • 15 · Other assets

    beginning of year $953,672 · end of year $158,492

  • 17 · Accounts payable and accrued expenses

    beginning of year $279,098 · end of year $285,630

  • 19 · Deferred revenue

    beginning of year $236,715 · end of year $161,288

  • 23 · Secured mortgages and notes payable

    beginning of year $10,048 · end of year $0

  • 25 · Other liabilities

    beginning of year $0 · end of year $60,863

  • 27 · Net assets without donor restrictions

    beginning of year $11,224,222 · end of year $11,375,093

  • 28 · Net assets with donor restrictions

    beginning of year $5,221,660 · end of year $5,901,015

Mission and programs · 2022

Mission

TO PROVIDE AN INTELLECTUALLY ENRICHING COLLEGE-PREPARATORY CURRICULUM IN A SUPPORTIVE, CARING ENVIRONMENT TO FOSTER IN EACH STUDENT A LIFELONG COMMITMENT TO EXCELLENCE.

  • THE SCHOOL OPERATES AS A SECONDARY-LEVEL SCHOOL FOR GRADES 6 TO 12. DURING THE FISCAL YEAR 2023, THE SCHOOL PROVIDED EDUCATION TO APPROXIMATELY 238 STUDENTS.

    Expenses $5,364,832 · Grants $701,775 · Revenue $5,526,784

As filed on the 2022 return.

Listed in Part VII

  • Amy Thebault

    CHAIR

    Total calculated
    $0
    Hours/week
    5

  • Tom Whalen

    TREASURER

    Total calculated
    $0
    Hours/week
    5

  • Julie Foster

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5

  • Jeff Yates

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5

  • Katherine Rockwell Maclauchlan

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5

  • Parker Rice

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5

  • Stephen Drunsic

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5

  • Charles Scranton

    INTERIM HEAD OF SCHOOL

    Total calculated
    $140,000
    From this org
    $140,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Colin Igoe

    HEAD OF SCHOOL

    Total calculated
    $104,609
    From this org
    $93,033
    From related orgs
    $0
    Other
    $11,576
    Hours/week
    40

  • Courtney Bishop

    DIRECTOR OF FINANCE

    Total calculated
    $97,002
    From this org
    $91,259
    From related orgs
    $0
    Other
    $5,743
    Hours/week
    40

  • Seth Linfield

    FORMER HEAD OF SCHOOL

    Total calculated
    $197,627
    From this org
    $189,267
    From related orgs
    $0
    Other
    $8,360
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $189,267
    Bonus
    $0
    Other
    $0
    Deferred
    $7,400
    Nontaxable benefits
    $960
    Filer's total
    $197,627

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 1a · Health or social club dues or initiation fees
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Written employment contract
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 1A
THE SCHOOL PAYS FOR HEAD OF SCHOOL'S COUNTRY CLUB MEMBERSHIP

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2022
Filed
29 March 2024
IRS schema version
2022v5.0
Source object
202420939349300902

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