Perkins School For The Blind in Watertown, Massachusetts (MA)

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Perkins School For The Blind
Employer Identification Number (EIN)042103616
Name of OrganizationPerkins School For The Blind
Address175 North Beacon St, Watertown, MA 02472-2751
ActivitiesSchool, college, trade school, etc., Library
SubsectionEducational Organization
Ruling Date05/1961
DeductibilityContributions are deductible
FoundationSchool
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period06/2013
Assets$50,000,000 to greater
Income$50,000,000 to greater
Filing Requirement990 (all other) or 990EZ return
Asset Amount$352,427,495
Amount of Income$126,110,126
Form 990 Revenue Amount$86,483,308
National Taxonomy of Exempt Entities (NTEE)Educational Institutions and Related Activities: Specialized Education Institutions


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Amount of income in 2013: $126,110,126
Perkins School For The Blind: 

 $126,110,126
Other organizations performing similar types of work: 

 $5,683,031

Assets in 2013: $352,427,495
This organization: 

 $352,427,495
Other organizations performing similar types of work: 

 $7,453,780

Expenses in 2013: $64,312,189
This organization: 

 $64,312,189
Other organizations performing similar types of work: 

 $4,979,151

Income to expenses ratio in 2013: 2.0
This organization: 

 2.0
Other organizations performing similar types of work: 

 1.1

Expenses allocated to program services in 2007: 83.5%
Perkins School For The Blind: 

 83.5%
Other organizations performing similar types of work: 

 85.4%

Number of employees in 2013: 927
This organization: 

 927
Other organizations performing similar types of work: 

 113

Employees paid over $100,000 in 2013: 4.2%
Perkins School For The Blind: 

 4.2%
Other organizations performing similar types of work: 

 0.0%

Grants share in income in 2013: 16.5%
This organization: 

 16.5%
Other organizations performing similar types of work: 

 11.5%

Financial snapshot ($)

Revenue for 2013

Assets at the end of 2013

Functional expenses for 2013

Checklist
20122013
Is the organization described in section 501(c)(3) or 4947(a)(1) (other than a private foundation)?YesYes
Is the organization required to complete Schedule B, Schedule of Contributors?YesYes
Did the organization engage in direct or indirect political campaign activities on behalf of or in opposition to candidates for public office?NoNo
Did the organization engage in lobbying activities, or have a section 501(h) election in effect during the tax year?YesYes
Is the organization a section 501(c)(4), 501(c)(5), or 501(c)(6) organization that receives membership dues, assessments, or similar amounts as defined in Revenue Procedure 98-19?NoNo
Did the organization maintain any donor advised funds or any similar funds or accounts for which donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts?NoNo
Did the organization receive or hold a conservation easement, including easements to preserve open space, the environment, historic land areas, or historic structures?NoNo
Did the organization maintain collections of works of art, historical treasures, or other similar assets?NoNo
Did the organization report an amount for escrow or custodial account liability; serve as a custodian or provide credit counseling, debt management, credit repair, or debt negotiation services?NoNo
Did the organization, directly or through a related organization, hold assets in temporarily restricted endowments, permanent endowments, or quasi-endowments?YesYes
Did the organization report an amount for land, buildings, and equipment?YesYes
Did the organization report an amount for investments-other securities that is 5% or more of its total assets?YesYes
Did the organization report an amount for investments-program related that is 5% or more of its total assets?NoNo
Did the organization report an amount for other assets that is 5% or more of its total assets?NoNo
Did the organization report an amount for other liabilities?YesYes
Did the organization's separate or consolidated financial statements for the tax year include a footnote that addresses the organization's liability for uncertain tax positions under FIN 48 (ASC 740)?NoNo
Did the organization obtain separate, independent audited financial statements for the tax year?NoNo
Was the organization included in consolidated, independent audited financial statements for the tax year?YesYes
Is the organization a school described in section 170(b)(1)(A)(ii)?YesYes
Did the organization maintain an office, employees, or agents outside of the United States?YesYes
Did the organization have aggregate revenues or expenses of more than $10,000 from grantmaking, fundraising, business, investment, and program service activities outside the United States, or aggregate foreign investments valued at $100,000 or more?YesYes
Did the organization report more than $5,000 of grants or other assistance to or for any foreign organization?YesYes
Did the organization report more than $5,000 of aggregate grants or other assistance to or for foreign individuals?NoNo
Did the organization report a total of more than $15,000 of expenses for professional fundraising services?NoNo
Did the organization report more than $15,000 total of fundraising event gross income and contributions?YesYes
Did the organization report more than $15,000 of gross income from gaming activities?NoNo
Did the organization operate one or more hospital facilities?NoNo
Did the organization attach a copy of its audited financial statements?NoNo
Did the organization report more than $5,000 of grants or other assistance to any domestic organization or domestic government?YesYes
Did the organization report more than $5,000 of grants or other assistance to or for domestic individuals?NoNo
Did the organization answer 'Yes' about compensation of the organization's current and former officers, directors, trustees, key employees, and highest compensated employees?YesYes
Did the organization have a tax-exempt bond issue with an outstanding principal amount of more than $100,000 as of the last day of the year, that was issued after December 31, 2002?YesYes
Did the organization invest any proceeds of tax-exempt bonds beyond a temporary period exception?NoNo
Did the organization maintain an escrow account other than a refunding escrow at any time during the year to defease any tax-exempt bonds?NoNo
Did the organization act as an 'on behalf of' issuer for bonds outstanding at any time during the year?NoNo
Did the organization engage in an excess benefit transaction with a disqualified person during the year?NoNo
Is the organization aware that it engaged in an excess benefit transaction with a disqualified person in a prior year, and that the transaction has not been reported on any of the organization's prior Forms 990 or 990-EZ?NoNo
Did the organization report any amount for receivables from or payables to any current or former officers, directors, trustees, key employees, highest compensated employees, or disqualified persons?NoNo
Did the organization provide a grant or other assistance to an officer, director, trustee, key employee, substantial contributor or employee thereof, a grant selection committee member, or to a 35% controlled entity or family member of any of these persons?NoNo
Was the organization a party to a business transaction with one of the following parties
A current or former officer, director, trustee, or key employee?NoNo
A family member of a current or former officer, director, trustee, or key employee?NoNo
An entity of which a current or former officer, director, trustee, or key employee (or a family member thereof) was an officer, director, trustee, or direct or indirect owner?NoNo
Did the organization receive more than $25,000 in non-cash contributions?YesYes
Did the organization receive contributions of art, historical treasures, or other similar assets, or qualified conservation contributions?NoNo
Did the organization liquidate, terminate, or dissolve and cease operations?NoNo
Did the organization sell, exchange, dispose of, or transfer more than 25% of its net assets?NoNo
Did the organization own 100% of an entity disregarded as separate from the organization under Regulations sections 301.7701-2 and 301.7701-3?NoNo
Was the organization related to any tax-exempt or taxable entity?YesYes
Did the organization have a controlled entity within the meaning of section 512(b)(13)?YesNo
Did the organization make any transfers to an exempt non-charitable related organization?NoNo
Did the organization conduct more than 5% of its activities through an entity that is not a related organization and that is treated as a partnership for federal income tax purposes?NoNo
Statements Regarding Other IRS Filings and Tax Compliance
201120122013
The number reported in Box 3 of Form 1096180163
The number of Forms W-2G00
Did the organization comply with backup withholding rules for reportable payments to vendors and reportable gaming (gambling) winnings to prize winners?YesYes
The number of employees reported on Form W-3, Transmittal of Wage and Tax Statements, filed for the calendar year ending with or within the year covered by this return887927
Did the organization file all required federal employment tax returns?YesYes
Did the organization have unrelated business gross income of $1,000 or more during the year?YesYesYes
Has it filed a Form 990-T for this year?YesYes
At any time during the calendar year, did the organization have an interest in, or a signature or other authority over, a financial account in a foreign country (such as a bank account, securities account, or other financial account)?YesYes
Was the organization a party to a prohibited tax shelter transaction at any time during the tax year?NoNo
Did any taxable party notify the organization that it was or is a party to a prohibited tax shelter transaction?NoNo
Did the organization file Form 8886-T?NoNo
Does the organization have annual gross receipts that are normally greater than $100,000, and did the organization solicit any contributions that were not tax deductible as charitable contributions?YesYes
Did the organization include with every solicitation an express statement that such contributions or gifts were not tax deductible?YesYes
Did the organization receive a payment in excess of $75 made partly as a contribution and partly for goods and services provided to the payor?YesYes
Did the organization notify the donor of the value of the goods or services provided?YesYes
Did the organization sell, exchange, or otherwise dispose of tangible personal property for which it was required to file Form 8282?NoNo
Did the organization receive any funds, directly or indirectly, to pay premiums on a personal benefit contract?NoNo
Did the organization, during the year, pay premiums, directly or indirectly, on a personal benefit contract?NoNo
If the organization received a contribution of qualified intellectual property, did the organization file Form 8899 as required?NoNo
If the organization received a contribution of cars, boats, airplanes, or other vehicles, did the organization file a Form 1098-C?NoNo
Did a donor advised fund maintained by the sponsoring organization have excess business holdings at any time during the year?NoNo
Did the sponsoring organization make any taxable distributions under section 4966?NoNo
Did the sponsoring organization make a distribution to a donor, donor advisor, or related person?NoNo
Initiation fees and capital contributions$0$0$0
Gross receipts for public use of club facilities $0$0$0
Gross income from members or shareholders$0$0$0
Gross income from other sources$0$0$0
Is the organization filing Form 990 in lieu of Form 1041?NoNo
The amount of tax-exempt interest received or accrued during the year$0$0
Is the organization licensed to issue qualified health plans in more than one state?NoNo
The amount of reserves the organization is required to maintain by the states in which the organization is licensed to issue qualified health plans$0$0
The amount of reserves on hand$0$0
Did the organization receive any payments for indoor tanning services during the tax year?NoNo
Has it filed a Form 720 to report these payments?NoNo
Compensation of Officers, Directors, Trustees, Key Employees, Highest Compensated Employees, and Independent Contractors
20122013
Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees
Total reportable compensation from the organization$1,500,255$1,538,130
Total reportable compensation from related organizations$0$0
Total estimated amount of other compensation from the organization and related organizations$237,362$240,054
Total number of individuals who received more than $100,000 of reportable compensation from the organization169
Total number of independent contractors who received more than $100,000 of compensation from the organization430
Statement of Revenue
201120122013
Total revenue$103,909,719$53,113,017$86,483,308
Contributions, Gifts, Grants and Other Similar Amounts$10,837,326$12,191,635$14,282,784
Program Service Revenue$44,807,466$43,456,422$38,254,177
611600$34,693,984$34,060,260
900099$6,306,389$2,613,512
900099$2,456,049$1,580,405
All other program service revenue$0$0
Other Revenue
Investment income (including dividends, interest, and other similar amounts)$1,534,891$1,795,528$2,117,317
Income from investment of tax-exempt bond proceeds$0$0$0
Royalties$0$0$0
Net rental income$0$0$3,697
Gross rents (Real / Personal)$0 / $0$0 / $0$51,661 / $0
Less: rental expenses (Real / Personal)$0 / $0$0 / $0$47,964 / $0
Rental income or (loss) (Real / Personal)$0 / $0$0 / $0$3,697 / $0
Net gain/loss from sales of assets other than inventory$2,456,671$6,320,087$3,819,692
Gross amount from sales of assets other than inventory (Securities / Other)$58,054,078 / $0$62,105,609 / $0$37,917,824 / $0
Less: cost or other basis and sales expenses (Securities / Other)$55,597,407 / $0$55,785,522 / $0$34,098,132 / $0
Gain or (loss) (Securities / Other)$2,456,671 / $0$6,320,087 / $0$3,819,692 / $0
Net income/loss from fundraising events$-212,104$-193,088$-278,989
Gross income from fundraising events$68,520$71,465$69,375
Less: direct expenses$280,624$264,553$348,364
Net income/loss from gaming activities$0$0$0
Net income/loss from sales of inventory$0$0$3,439,513
Gross sales of inventory, less returns and allowances$0$0$8,571,871
Less: cost of goods sold$0$0$5,132,358
Miscellaneous Revenue$44,485,469$-10,457,567$24,845,117
900099$-394,226$22,400,982
900099$-10,063,341$2,064,000
900099$0$380,135
All other revenue$0$0
Statement of Functional Expenses
201120122013
Total functional expenses$64,570,394$66,130,971$64,312,189
Grants and other assistance to domestic organizations and domestic governments$201,933$292,059
Grants and other assistance to domestic individuals$0$0
Grants and other assistance to foreign organizations, foreign governments, and foreign individuals$952,533$1,064,380
Benefits paid to or for members$0$0
Compensation of current officers, directors, trustees, and key employees$964,522$957,004$1,112,183
Compensation not included above, to disqualified persons$0$32,200,845
Other salaries and wages$0$31,415,747$0
Pension plan accruals and contributions$2,128,319$2,010,302
Other employee benefits$4,866,178$4,147,068
Payroll taxes$2,603,269$2,813,964$2,863,991
Fees for services (non-employees)
Management$0$0
Legal$205,127$265,361
Accounting$248,327$229,590
Lobbying$6,000$24,000
Professional fundraising services$0$0$0
Investment management fees$7,602$9,875
Other$1,745,439$3,311,542
Advertising and promotion$329,857$593,153
Office expenses$5,434,513$2,478,949
Information technology$521,213$860,213
Royalties$0$0
Occupancy$5,011,615$4,376,420
Travel$1,016,257$1,159,504
Payments of travel or entertainment expenses for any federal, state, or local public officials$0$0
Conferences, conventions, and meetings$137,347$177,219
Interest$274,020$284,455
Payments to affiliates$0$0
Depreciation, depletion, and amortization$4,948,618$5,329,948
Insurance$225,829$253,833
Other expenses$2,683,529$1,267,299
Balance Sheet
201120122013
Total assets$346,862,043$332,752,634$352,427,495
Cash - non-interest-bearing$1,329,054$2,174,818
Savings and temporary cash investments$0$0
Pledges and grants receivable, net$7,610,385$7,407,483
Accounts receivable, net$5,732,287$5,776,335
Loans and other receivables from current and former officers, directors, trustees, key employees, and highest compensated employees$0$0
Loans and other receivables from other disqualified persons, persons described in section 4958(c)(3)(B), and contributing employers and sponsoring organizations of section 501(c)(9) voluntary employees' beneficiary organizations$0$0
Notes and loans receivable, net$0$0
Inventories for sale or use$6,154,612$4,982,112
Prepaid expenses and deferred charges$997,697$1,334,482
Land, buildings, and equipment: cost or other basis$75,603,775$72,167,027
Investments - publicly traded securities$64,444,847$73,917,788
Investments - other securities$161,006,713$173,912,337
Investments - program-related$0$0
Intangible assets$0$0
Other assets$9,873,264$10,755,113
Total liabilities$54,790,024$53,698,569$51,202,311
Accounts payable and accrued expenses$8,756,942$8,781,704
Grants payable$0$0
Deferred revenue$0$0
Tax-exempt bond liabilities$0$0$0
Escrow or custodial account liability$0$0
Loans and other payables to current and former officers, directors, trustees, key employees, highest compensated employees, and disqualified persons$0$0
Secured mortgages and notes payable to unrelated third parties$42,175,426$43,524,368$40,942,804
Unsecured notes and loans payable to unrelated third parties$0$0$0
Other liabilities (including federal income tax, payables to related third parties, and other liabilities)$1,417,259$1,477,803
Total net assets or fund balances$292,072,019$279,054,065$301,225,184
Unrestricted net assets$161,366,196$173,912,306
Temporarily restricted net assets$59,631,284$65,904,438
Permanently restricted net assets$58,056,585$61,408,440
Capital stock or trust principal, or current funds$0$0
Paid-in or capital surplus, or land, building, or equipment fund$0$0
Retained earnings, endowment, accumulated income, or other funds$0$0$0
Reason for Public Charity Status (for 2013)
The organization is not a private foundation because it is:A school described in section 170(b)(1)(A)(ii)
Number of organizations supported0
Sum of amounts of support$0
Revenue, Expenses, and Changes in Net Assets or Fund Balances
20002001200220032004200520062007
Total revenue$58,891,630$49,355,664$42,826,991$53,440,610$52,819,270$72,938,056$94,081,367$57,049,226
Contributions, gifts, grants, and similar amounts received$6,367,728$5,394,582$5,619,644$12,875,711$7,765,168$8,326,886$27,599,680$11,775,405
Contributions to donor advised funds$0$0
Direct public support$5,992,653$4,956,608$5,102,411$12,409,544$6,783,340$7,663,063$26,658,474$9,625,683
Indirect public support$0$0$0$0$0$0$0$0
Government contributions (grants)$375,075$437,974$517,233$466,167$981,828$663,823$941,206$2,149,722
Program service revenue including government fees and contracts$32,998,177$33,157,022$33,926,288$33,548,980$34,041,487$36,040,710$36,929,931$37,971,183
Membership dues and assessments$0$0$0$0$0$0$0$0
Interest on savings and temporary cash investments$1,167,319$1,128,083$883,819$966,054$785,880$1,328,543$1,578,008$748,303
Dividends and interest from securities$4,518,963$4,236,610$3,901,350$3,471,769$3,568,772$2,760,322$2,654,557$2,978,385
Net rental income or (loss)$0$0$0$0$0$0$0$0
Gross rents$0$0$0$0$0$0$0$0
Less: rental expenses$0$0$0$0$0$0$0$0
Other investment income$0$0$0$0$0$0$0$0
Gain or (loss) from sales of assets other than inventory$13,839,443$5,439,367$-1,504,110$2,578,096$6,670,831$24,507,024$24,985,592$3,693,591
Gross amount from sales of assets other than inventory$67,771,443$45,958,242$24,326,352$30,870,792$68,924,237$145,945,526$77,418,270$16,939,929
Less: cost or other basis and sales expenses$53,932,000$40,518,875$25,830,462$28,292,696$62,253,406$121,438,502$52,432,678$13,246,338
Net income or (loss) from special events and activities$0$0$0$0$-12,868$-25,429$-116,401$-117,641
Gross revenue$0$0$0$0$35,690$107,415$51,750$50,040
Less: direct expenses other than fundraising expenses$0$0$0$0$48,558$132,844$168,151$167,681
Gross profit or (loss) from sales of inventory$0$0$0$0$0$0$0$0
Gross sales of inventory, less returns and allowances$0$0$0$0$0$0$0$0
Less: cost of goods sold$0$0$0$0$0$0$0$0
Other revenue$0$0$0$0$0$0$450,000$0
Total expenses$42,213,286$44,004,376$46,868,784$46,716,864$49,462,581$50,393,823$53,177,057$57,791,565
Program services$35,237,346$36,152,377$39,145,774$38,951,919$41,664,718$42,246,295$44,246,689$48,278,576
Management and general$5,826,447$6,542,018$6,772,949$6,633,858$6,507,275$6,459,370$6,677,961$7,172,750
Fundraising$1,149,493$1,309,981$950,061$1,131,087$1,290,588$1,688,158$2,252,407$2,340,239
Payments to affiliates$0$0$0$0$0$0$0$0
Net assets or fund balances at end of year$171,497,815$176,849,103$172,807,310$179,531,056$182,887,745$205,007,068$245,911,378$245,169,039
Excess or (deficit) for the year$16,678,344$5,351,288$-4,041,793$6,723,746$3,356,689$22,544,233$40,904,310$-742,339
Net assets or fund balances at beginning of year$154,819,471$171,497,815$176,849,103$172,807,310$179,531,056$182,887,745$205,007,068$245,911,378
Other changes in net assets or fund balances$0$0$0$0$0$-424,910$0$0
Statement of Functional Expenses (for 2007)
TotalProgram servicesManagement and generalFundraising
Total functional expenses$57,791,565$48,278,576$7,172,750$2,340,239
Grants paid from donor advised funds$0
Other grants and allocations$0
Specific assistance to individuals$0
Benefits paid to or for members$0
Compensation of current officers, directors, key employees, etc.$1,118,270$207,399$246,281$664,590
Compensation of former officers, directors, key employees, etc.$0$0$0$0
Compensation and other distributions, not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)$0$0$0$0
Salaries and wages of employees not included above$27,288,310$23,891,671$2,729,953$666,686
Pension plan contributions not included above$2,373,365$2,072,412$237,563$63,390
Employee benefits not included above$4,300,064$3,689,389$449,830$160,845
Payroll taxes$2,423,236$2,063,313$252,117$107,806
Professional fundraising fees$0$0$0$0
Accounting fees$175,133$0$175,133$0
Legal fees$189,733$0$189,733$0
Supplies$6,014,370$5,568,691$324,727$120,952
Telephone$0$0$0$0
Postage and shipping$18,973$0$18,973$0
Occupancy$3,879,612$2,906,710$879,252$93,650
Equipment rental and maintenance$102,233$97,281$4,952$0
Printing and publications$99,083$1,453$96,528$1,102
Travel$22,764$22,764$0$0
Conferences, conventions, and meetings$843,957$781,314$46,117$16,526
Interest$322,828$321,687$1,141$0
Depreciation, depletion, etc.$3,780,073$3,312,028$444,845$23,200
Other expenses not covered above$4,839,561$3,342,464$1,075,605$421,492
Balance Sheets
20002001200220032004200520062007
Total assets$185,583,401$190,984,590$187,800,034$200,313,491$203,765,398$226,181,005$267,080,715$267,057,092
Cash - non-interest-bearing$941,427$1,770,244$913,061$720,770$289,016$816,865$1,634,485$1,496,580
Savings and temporary cash investments$22,987,102$20,983,916$24,028,205$33,938,709$21,079,838$23,419,984$40,432,354$8,640,460
Accounts receivable less allowance for doubtful accounts$4,917,594$4,933,222$3,616,736$4,105,692$4,861,736$3,231,188$3,298,488$2,996,160
Pledges receivable less allowance for doubtful accounts$470,496$310,000$0$25,000$69,745$74,342$443,790$1,024,475
Grants receivable$251,363$684,108$579,279$221,216$425,636$178,461$338,697$512,849
Receivables from current and former officers, directors, trustees, and key employees$0$0$0$0$0$0$0$0
Receivables from other disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)$0$0
Other notes and loans receivable less allowance for doubtful accounts$0$0$0$0$0$0$0$0
Inventories for sale or use$5,410,428$4,956,096$4,266,975$3,758,224$3,229,509$2,713,045$2,892,420$2,144,439
Prepaid expenses and deferred charges$372,647$339,379$233,540$626,832$276,426$327,037$957,730$1,558,938
Investments - publicly-traded securities$69,711,002$56,010,441
Investments - other securities$108,416,533$114,642,871$109,716,414$112,267,563$128,465,025$150,102,440$102,179,455$148,321,173
Investments - land, buildings, and equipment less accumulated depreciation$0$0$0$0$0$0$0$0
Investments - other$0$0$0$0$0$0$0$0
Land, buildings, and equipment less accumulated depreciation$36,134,129$36,550,952$38,331,153$38,290,068$38,889,546$39,454,958$39,127,314$38,261,480
Other assets, including program-related investments$5,681,682$5,813,802$6,114,671$6,359,417$6,178,919$5,862,685$6,064,980$6,090,097
Total liabilities$14,085,586$14,135,487$14,992,724$20,782,435$20,877,653$21,173,937$21,169,337$21,888,053
Accounts payable and accrued expenses$4,085,586$4,135,487$4,992,724$5,782,435$5,877,653$5,739,115$5,712,774$6,408,662
Grants payable$0$0$0$0$0$0$0$0
Deferred revenue$0$0$0$0$0$0$0$0
Loans from officers, directors, trustees, and key employees$0$0$0$0$0$0$0$0
Tax-exempt bond liabilities$0$0$0$0$0$0$0$0
Mortgages and other notes payable$10,000,000$10,000,000$10,000,000$15,000,000$15,000,000$15,000,000$15,000,000$15,000,000
Other liabilities$0$0$0$0$0$434,822$456,563$479,391
Total liabilities and net assets/fund balances$185,583,401$190,984,590$187,800,034$200,313,491$203,765,398$226,181,005$267,080,715$267,057,092
Total net assets or fund balances$171,497,815$176,849,103$172,807,310$179,531,056$182,887,745$205,007,068$245,911,378$245,169,039
Reconciliation of Revenue per Audited Financial Statements With Revenue per Return
20002001200220032004200520062007
Total revenue$58,891,630$49,355,664$42,826,991$53,440,610$52,819,270$72,938,056$94,081,367$57,049,226
Total revenue, gains, and other support per audited financial statements$25,678,629$25,048,038$45,214,004$67,747,002$59,202,442$67,202,696$105,436,186$42,630,037
Other expenses$-33,213,001$-24,307,626$2,387,013$14,306,392$6,334,614$-5,868,204$11,186,668$-14,586,870
Net unrealized gains on investments$-33,532,186$-24,640,221$1,982,878$13,888,598$5,239,332$-6,418,981$10,405,142$-15,335,563
Donated services and use of facilities$319,185$332,595$404,135$417,794$393,147$463,108$557,589$566,476
Recoveries of prior year grants$0$0$0$0$0$0$0$0
Other$0$0$0$0$702,135$87,669$223,937$182,217
Other revenue$0$0$0$0$-48,558$-132,844$-168,151$-167,681
Investment expenses$0$0$0$0$0$0$0$0
Other$0$0$0$0$-48,558$-132,844$-168,151$-167,681
Reconciliation of Expenses per Audited Financial Statements With Expenses per Return
20002001200220032004200520062007
Total expenses$42,213,286$44,004,376$46,868,784$46,716,864$49,462,581$50,393,823$53,177,057$57,791,565
Total expenses and losses per audited financial statements$42,532,471$44,336,971$47,272,919$47,134,658$49,907,427$51,035,118$53,941,676$58,599,514
Other revenue$319,185$332,595$404,135$417,794$444,846$641,295$764,619$807,949
Donated services and use of facilities$319,185$332,595$404,135$417,794$393,147$463,108$557,589$566,476
Prior year adjustments$0$0$0$0$0$0$0$0
Losses$0$0$0$0$0$0$0$0
Other$0$0$0$0$51,699$178,187$207,030$241,473
Other expenses$0$0$0$0$0$0$0$0
Investment expenses$0$0$0$0$0$0$0$0
Other$0$0$0$0$0$0$0$0
Current Officers, Directors, Trustees, and Key Employees
Average hours per week devoted to positionCompensationContributions to employee benefit plans & deferred compensation plansExpense account and other allowances
50$284,310$41,004$0
50$225,179$20,681$0
50$172,933$22,215$0
50$148,705$26,163$0
50$147,916$29,164$0
Total number of officers, directors, and trustees permitted to vote on organization business at board meetings18
Are any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, related to each other through family or business relationships?Yes
Do any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, receive compensation from any other organizations, whether tax exempt or taxable, that are related to the organization?No
Does the organization have a written conflict of interest policy?Yes
Other Information
Did the organization have unrelated business gross income of $1,000 or more during the year covered by this return, and has it filed a tax return on Form 990-T for this year?No
Was there a liquidation, dissolution, termination, or substantial contraction during the year?No
Is the organization related (other than by association with a statewide or nationwide organization) through common membership, governing bodies, trustees, officers, etc., to any other exempt or nonexempt organization?Yes
Direct and indirect political expenditures$0
Did the organization file Form 1120-POL for this year?No
Were substantially all dues nondeductible by members?
Did the organization make only in-house lobbying expenditures of $2,000 or less?
Dues, assessments, and similar amounts from members$0
Section 162(e) lobbying and political expenditures$0
Aggregate nondeductible amount of section 6033(e)(1)(A) dues notices$0
Taxable amount of lobbying and political expenditures$0
Does the organization elect to pay the section 6033(e) tax on the amount above?
If section 6033(e)(1)(A) dues notices were sent, does the organization agree to add the amount above to its reasonable estimate of dues allocable to nondeductible lobbying and political expenditures for the following tax year?
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities$0
At any time during the year, did the organization, directly or indirectly, own a controlled entity within the meaning of section 512(b)(13)?Yes
Amount of tax imposed on the organization during the year under: section 4911$0
Amount of tax imposed on the organization during the year under: section 4912$0
Amount of tax imposed on the organization during the year under: section 4955$0
Did the organization engage in any section 4958 excess benefit transaction during the year or did it become aware of an excess benefit transaction from a prior year?No
Amount of tax imposed on the organization managers or disqualified persons during the year under sections 4912, 4955, and 4958$0
Amount of tax above, reimbursed by the organization$0
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?No
Did the organization acquire a direct or indirect interest in any applicable insurance contract?No
Did the supporting organization, or a fund maintained by a sponsoring organization, have excess business holdings at any time during the year?No
Number of employees employed in the pay period that includes March 12, 2006672
Analysis of Income-Producing Activities (for 2007)
Unrelated business incomeExcluded by section 512, 513, or 514Related or exempt function income
Business codeAmountExclusion codeAmount
Total$0$7,302,638$37,971,183
Program service revenue
Program service revenue 1000000$000$0$5,883,807
Program service revenue 2000000$000$0$2,354,208
Program service revenue 3000000$000$0$207,224
Program service revenue 4000000$000$0$0
Program service revenue 5000000$000$0$0
Medicare/Medicaid payments000000$000$0$0
Fees and contracts from government agencies000000$000$0$29,525,944
Membership dues and assessments000000$000$0$0
Interest on savings and temporary cash investments000000$0Dividends, interest, payments with respect to securities loans, annuities, income from notional principal contracts, loan commitment fees, and other substantially similar income from ordinary and routine investments excluded by section 512(b)(1)$748,303$0
Dividends and interest from securities000000$0Dividends, interest, payments with respect to securities loans, annuities, income from notional principal contracts, loan commitment fees, and other substantially similar income from ordinary and routine investments excluded by section 512(b)(1)$2,978,385$0
Net rental income or (loss) from real estate
debt-financed property000000$000$0$0
not debt-financed property000000$000$0$0
Net rental income or (loss) from personal property000000$000$0$0
Other investment income000000$000$0$0
Gain or (loss) from sales of assets other than inventory000000$0Gain (or loss, to the extent allowed) from the sale of investments and other non-inventory property and from certain property acquired from financial institutions that are in conservatorship or receivership (sections 512(b)(5) and 512(b)(16)(A))$3,693,591$0
Net income or (loss) from special events000000$0Income from an activity that is not regularly carried on (section 512(a)(1))$-117,641$0
Gross profit or (loss) from sales of inventory000000$000$0$0
Other revenue000000$000$0$0
Information Regarding Taxable Subsidiaries and Disregarded Entities (for 2007)
EIN of corporation, partnership, or disregarded entityPercentage of ownership interestTotal incomeEnd-of-year assets
0000000000%$0$0
0000000000%$0$0
0000000000%$0$0
0000000000%$0$0
Compensation of the Five Highest Paid Employees Other Than Officers, Directors, and Trustees (for 2007)
CompensationContributions to employee benefit plans & deferred compensationExpense account and other allowances
$170,300$31,434$0
$125,225$15,852$0
$119,784$21,188$0
$115,000$13,511$0
$103,843$22,200$0
Total number of other employees paid over $50,000176
Statements About Activities (for 2007)
Expenses paid or incurred in connection with the lobbying activities$35,175
Did the organization receive or hold an easement for conservation purposes, including easements to preserve open space, the environment, historic land areas or historic structures?No
Did the organization provide credit counseling, debt management, credit repair, or debt negotiation services?No
Did the organization maintain any donor advised funds?No
Did the organization make any taxable distributions under section 4966?No
Did the organization make a distribution to a donor, donor advisor, or related person?No
The total number of donor advised funds owned at the end of the tax year$0
The aggregate value of assets held in all donor advised funds owned at the end of the tax year$0
The total number of separate funds or accounts owned at the end of the tax year (excluding donor advised funds included above) where donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts$0
The aggregate value of assets held in all funds or accounts included above at the end of the tax year$0
Reason for Non-Private Foundation Status
The organization is not a private foundation because it isSchool
Support Schedule
19992000200120022003200420052006
Total$0$0$0$0$0$0$0$0
Gifts, grants, and contributions received$0$0$0$0$0$0$0$0
Membership fees received$0$0$0$0$0$0$0$0
Gross receipts from admissions, merchandise sold or services performed, or furnishing of facilities in any activity that is related to the organization's charitable, etc., purpose$0$0$0$0$0$0$0$0
Gross income from interest, dividends, amounts received from payments on securities loans (section 512(a)(5)), rents, royalties, and unrelated business taxable income (less section 511 taxes) from businesses acquired by the organization after June 30, 1975$0$0$0$0$0$0$0$0
Net income from unrelated business activities not included above$0$0$0$0$0$0$0$0
Tax revenues levied for the organization's benefit and either paid to it or expended on its behalf$0$0$0$0$0$0$0$0
The value of services or facilities furnished to the organization by a governmental unit without charge. Do not include the value of services or facilities generally furnished to the public without charge$0$0$0$0$0$0$0$0
Other income$0$0$0$0$0$0$0$0
Lobbying Expenditures by Electing Public Charities (for 2007)
Total exempt purpose expenditures$0
Total lobbying expenditures$0
Total lobbying expenditures to influence public opinion (grassroots lobbying)$0
Total lobbying expenditures to influence a legislative body (direct lobbying)$0
Other exempt purpose expenditures$0
Lobbying nontaxable amount$0
Grassroots nontaxable amount$0
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Perkins School For The Blind175 North Beacon St, Watertown, MA 02472-2751MA1961-05$126,110,126
2Judge Rotenberg Educational Center Inc250 Turnpike St, Canton, MA 02021-2359MA1972-07$64,493,189
3Landmark School Inc429 Hale Street, Prides Crossing, MA 01965MA1968-05$29,450,780
4Boston Higashi School Inc, New England Medical Center800 N Main St, Randolph, MA 02368-3663MA1987-10$21,156,349
5Riverview School Inc551 Route 6a, East Sandwich, MA 02537-1448MA1960-02$19,513,722
6Doctor Franklin Perkins School380 High Street Ext, Lancaster, MA 01523-2036MA1951-03$18,369,488
7Little Peoples School Inc1507 Washington St, Newton, MA 02465-2219MA1971-08$11,231,579
8Beverly School For The Deaf6 Echo Ave, Beverly, MA 01915-2417MA1964-03$6,491,831
9Steppingstone Foundation Inc1 Appleton St Fl 4, Boston, MA 02116-5223MA1991-04$5,683,031
10Academy Hill Center For Gifted Children Inc1190 Liberty St, Springfield, MA 01104-1153MA1989-05$1,537,214
11Weston County Childrens Center104 Stampede St, Newcastle, WY 82701-3037WY1981-12$1,867,504
12Vail Meadows Ctr For Habilitation Options Insuring Childrens Educati, Meadows Choice1853 South Ave, Toledo, OH 43609-2086OH1999-06$1,697,386
13Singing River Educational Association IncPO BOX 594, Lucedale, MS 39452-0594MS1967-01$1,174,649
14Vanguard School Of Coconut Grove Florida Inc3939 Main Hwy, Coconut Grove, FL 33133-6512FL1983-10$874,485
15Waadookodaading Charter School, Waadookodaading Inc7585n Trepania Road, Hayward, WI 54843WI2009-06$739,231
16Spring Bilingual Montessouri Academy3514 Plyers Mill Rd, Kensington, MD 20895-2517MD1971-11$668,641
17Union County Assoc For Mentally Retarded & Handicapped Children, New Haven SchoolPO BOX 135, New Albany, MS 38652-0135MS2000-09$164,395
18Vanguard Preparatory SchoolPo Box 64537, Tucson, AZ 85728AZ2006-09$28,015
19World Of Learning, Tutoring Club Of Arcadia147 W Palm Ave, Monrovia, CA 91016CA2007-08$23,368
20Tda Foundation620 S Main St, Bountiful, UT 84010-6401UT2001-01$5,001
Number of organizations performing similar types of work
Alabama1
Arkansas3
Arizona3
California16
Colorado2
Connecticut4
District of Columbia2
Delaware1
Florida4
Georgia8
Iowa1
Illinois6
Indiana4
Kentucky3
Massachusetts10
Maryland7
Michigan2
Minnesota3
Missouri2
Mississippi2
North Carolina2
New Hampshire1
New Jersey11
New York16
Ohio1
Oregon2
Pennsylvania11
Rhode Island2
South Carolina1
Tennessee3
Texas10
Utah1
Virginia3
Washington1
Wisconsin2
Wyoming2
International1
Total154

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