Kent School Corporation

The information in this column was provided to MinistryWatch by the ministry itself. It was last updated 9/15/2021. To update the information in this column, please email: info@ministrywatch.com


Summary

Kent School is an independent college preparatory boarding school serving grades 9-12, located within two hours of NYC in Kent, CT.


Contact information

Mailing address:
Kent School Corporation
1 Macedonia Rd
PO Box 2006
Kent, CT 06757

Website: kent-school.edu

Phone: 860-927-6000

Email: admissions@kent-school.edu


Organization details

EIN: 060646687

CEO/President: Michael G. Hirschfeld

Chairman: James A. Lawrenc

Board size: 30

Founder: Reverend Frederick Herbert Sill

Year founded: 1938

Tax deductible: Yes

Fiscal year end: 06/30

Member of ECFA: No

Member of ECFA since:


Purpose

Kent's school motto is Simplicity of Life, Directness of Purpose, and Self-Reliance.

These values shape how we run the school and how we live our lives. They affect how we see the world and how we teach our students about it. They ground us in the important things like friends and family, hard work, and honesty. They remind us that spiritual understanding and growth, though sometimes difficult, are necessary to know oneself and to know one's path.

Our guiding words prompt us to be self-sufficient and, as you'll see when you come to Kent, we instill this in our students at every turn. We reward self-motivation and initiative. If students want to start a new club or do an Independent Study Project, we'll assist and applaud them.

But none of this counteracts the sense of community that is strong at Kent, for there is something about poise and certitude that brings out generosity and neighborliness. It may be surprising, given how intelligent and ambitious our students are, but you'll find that we all work together here. Students don't have a sense of competing against each other; they feel they're on the same team.


Mission statement

As an independent boarding school in keeping with the Episcopal Church, we prepare students for college and for life with a rigorous and comprehensive program. We teach those who strive to grow, nurture striving where it falters, foster academic excellence, and promote understanding of and respect for one another's beliefs and differences.


Statement of faith

Transparency grade

D

To understand our transparency grade, click here.


Financial efficiency ratings

Sector: K-12 Schools/Academies

CategoryRatingOverall rankSector rank
Overall efficiency rating732 of 94029 of 30
Fund acquisition rating683 of 94225 of 30
Resource allocation rating628 of 94224 of 30
Asset utilization rating545 of 94019 of 30

Financial ratios

Funding ratiosSector median20202019201820172016
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
18%37%47%19%23%51%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
3%5%5%4%4%4%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
12%13%11%19%16%9%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
3%5%6%4%4%5%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
88%87%89%81%84%91%
 
Operating ratiosSector median20202019201820172016
Program expense ratio Program expense ratio =
Program services /
Total expenses
82%80%78%83%84%84%
Spending ratio Spending ratio =
Total expenses /
Total revenue
96%88%89%80%87%98%
Program output ratio Program output ratio =
Program services /
Total revenue
79%70%70%67%73%82%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
4%12%11%20%13%2%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
2%4%4%8%5%1%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
14%15%16%13%12%12%
 
Investing ratiosSector median20202019201820172016
Total asset turnover Total asset turnover =
Total expenses /
Total assets
0.380.220.230.230.230.25
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
3.231.721.731.821.882.07
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
1.340.380.390.410.440.52
 
Liquidity ratiosSector median20202019201820172016
Current ratio Current ratio =
Total current assets /
Total current liabilities
3.105.194.354.434.143.78
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.320.190.230.230.240.26
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
4.0625.3923.5622.6720.7016.88
 
Solvency ratiosSector median20202019201820172016
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
30%27%27%28%31%33%
Debt ratio Debt ratio =
Debt /
Total assets
13%14%13%14%16%17%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
163%328%322%319%295%267%

Financials

Balance sheet
 
Assets20202019201820172016
Cash$22,969,948$21,040,746$19,620,258$19,429,115$14,951,409
Receivables, inventories, prepaids$7,019,372$5,459,012$6,213,673$6,441,603$6,828,446
Short-term investments$90,423,082$88,738,513$78,052,702$67,018,388$54,479,480
Other current assets$0$0$0$0$0
Total current assets$120,412,402$115,238,271$103,886,633$92,889,106$76,259,335
Long-term investments$25,042,802$24,430,696$24,964,733$21,734,494$21,348,209
Fixed assets$61,146,986$60,009,335$59,734,889$59,713,794$60,596,776
Other long-term assets$0$0$0$0$0
Total long-term assets$86,189,788$84,440,031$84,699,622$81,448,288$81,944,985
Total assets$206,602,190$199,678,302$188,586,255$174,337,394$158,204,320
 
Liabilities20202019201820172016
Payables and accrued expenses$3,344,302$5,412,322$2,371,310$2,306,132$2,017,362
Other current liabilities$19,861,782$21,084,726$21,092,706$20,104,432$18,131,459
Total current liabilities$23,206,084$26,497,048$23,464,016$22,410,564$20,148,821
Debt$29,696,391$25,670,997$27,107,098$28,538,200$27,197,102
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$3,113,611$2,187,844$2,062,883$2,990,516$4,430,851
Total long-term liabilities$32,810,002$27,858,841$29,169,981$31,528,716$31,627,953
Total liabilities$56,016,086$54,355,889$52,633,997$53,939,280$51,776,774
 
Net assets20202019201820172016
Without donor restrictions$56,248,714$55,971,038$55,122,874$51,084,535$45,435,147
With donor restrictions$94,337,390$89,351,375$80,829,384$69,313,579$60,992,399
Net assets$150,586,104$145,322,413$135,952,258$120,398,114$106,427,546
 
Revenues and expenses
 
Revenue20202019201820172016
Total contributions$6,711,628$5,696,034$9,856,381$7,589,153$3,606,371
Program service revenue$40,246,466$39,061,528$37,832,280$36,048,156$34,080,070
Membership dues$0$0$0$0$0
Investment income$5,245,407$6,034,844$5,180,608$3,013,692$3,130,411
Other revenue$48,342$73,496$92,578$67,466$100,770
Total other revenue$45,540,215$45,169,868$43,105,466$39,129,314$37,311,251
Total revenue$52,251,843$50,865,902$52,961,847$46,718,467$40,917,622
 
Expenses20202019201820172016
Program services$36,704,600$35,382,897$35,319,587$34,152,195$33,409,171
Management and general$6,727,312$7,119,249$5,358,178$4,958,560$4,647,273
Fundraising$2,513,804$2,698,192$1,895,996$1,746,304$1,839,596
Total expenses$45,945,716$45,200,338$42,573,761$40,857,059$39,896,040
 
Change in net assets20202019201820172016
Surplus (deficit)$6,306,127$5,665,564$10,388,086$5,861,408$1,021,582
Other changes in net assets$0$0$0$0$0
Total change in net assets$6,306,127$5,665,564$10,388,086$5,861,408$1,021,582

Compensation

NameTitleCompensation
Richardson W SchellHeadmaster$608,832
Jeffrey D CataldoAsst. Treasurer & CFO$438,641
Catherine MazzaDean of Students$217,742
Kathleen NadireDirector of Development$201,188
Brian SullivanDirector of Admissions$180,919
Todd MarbleDirector of Planned Giving$174,367
Joseph WolinskiDirector of Facilities$163,425
Diana YamminDirector of Studies$146,196
Deneen ManteganiAsst. Secretary & Dir. of Development$130,311

Compensation data as of: 6/30/2020


Response from ministry

No response has been provided by this ministry.


The information below was provided to MinistryWatch by the ministry itself. It was last updated 9/15/2021. To update the information below, please email: info@ministrywatch.com


History

Kent School was founded by an Episcopal monk. It's a small fact, one we like to share with people because it says a lot about us, about our character, where we've come from, and where we hope to go. When the Reverend Frederick Herbert Sill, a graduate of Columbia University and the General Theological Seminary, opened Kent's doors in 1906, he had a lot of ideas about the educational value of service, the importance of respecting others and respecting one's self, and the connection between intellectual effort and spiritual reward. We hold true to those values today. We still teach our students to respect each other and themselves, to search for spiritual understanding, and to give back to their communities. Students and faculty still attend chapel together.

But some of Fr. Sill's ideas were quite forward-thinking in their day. He envisioned a "democratic" school, a place in which students learned about self-reliance and stewardship by participating in a daily work program. And he wanted to teach students from "all walks of life," so Kent became the first secondary school in the country to charge tuition on a sliding scale. We continue this today with the Kent Parents Fund and our Financial Aid Program. In fact, with over six million dollars annually, our commitment to financial aid ranks first among our peers, relative to our endowment.

In 1960, Kent decided that being true to Fr. Sill's mission of inclusiveness meant including girls. A revolutionary idea among the traditional New England boarding schools, it fit in well with Kent's love of innovation. Fr. Sill served as Kent's original headmaster for 35 years. We've only had six other Headmasters since. Although many things have changed in those years, our values and mission have stayed the same: graduating highly intelligent, extremely competent, thoroughly grounded young people who go on to lead successful, values-focused lives.


Program accomplishments

20 advanced studies
172 courses
56 clubs & organizations


Needs