Kent School Corporation

The information on this page was last updated 4/21/2023. If you see errors or omissions, please email: [email protected]


Summary

Kent School is an independent college preparatory boarding school serving grades 9-12, located within two hours of NYC in Kent, CT. Kent School is focused on equipping you with the skills that will empower you to make an impact on the broader world. We call these skills the Kent School Competencies.


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: [email protected]


Organization details

EIN: 060646687

CEO/President: Michael G. Hirschfeld

Chairman: James A. Lawrence

Board size: 28

Founder: Reverend Frederick Herbert Sill

Ruling year: 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

Donor confidence score

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Transparency grade

D

To understand our transparency grade, click here.


Financial efficiency ratings

Sector: K-12 Schools/Academies

CategoryRatingOverall rankSector rank
Overall efficiency rating997 of 111249 of 49
Fund acquisition rating1025 of 111349 of 49
Resource allocation rating832 of 111341 of 49
Asset utilization rating695 of 111238 of 49

Financial ratios

Funding ratiosSector median20232022202120202019
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
11%51%61%49%37%47%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
3%7%6%5%5%5%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
16%14%10%10%13%11%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
3%7%7%5%5%6%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
84%86%90%90%87%89%
 
Operating ratiosSector median20232022202120202019
Program expense ratio Program expense ratio =
Program services /
Total expenses
83%78%78%79%80%78%
Spending ratio Spending ratio =
Total expenses /
Total revenue
94%102%80%89%88%89%
Program output ratio Program output ratio =
Program services /
Total revenue
77%80%62%70%70%70%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
6%-2%20%11%12%11%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
4%-1%8%3%4%4%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
14%15%14%16%15%16%
 
Investing ratiosSector median20232022202120202019
Total asset turnover Total asset turnover =
Total expenses /
Total assets
0.490.230.230.200.220.23
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
3.151.721.741.651.721.73
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
1.590.400.400.330.380.39
 
Liquidity ratiosSector median20232022202120202019
Current ratio Current ratio =
Total current assets /
Total current liabilities
2.795.395.745.735.194.35
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.360.190.170.170.190.23
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
3.5424.7024.5129.6425.3923.56
 
Solvency ratiosSector median20232022202120202019
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
32%22%23%23%27%27%
Debt ratio Debt ratio =
Debt /
Total assets
9%11%13%12%14%13%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
147%339%332%380%328%322%

Financials

Balance sheet
 
Assets20232022202120202019
Cash$17,804,025$15,998,604$20,296,722$22,969,948$21,040,746
Receivables, inventories, prepaids$4,654,612$4,943,016$4,891,773$7,019,372$5,459,012
Short-term investments$102,450,326$96,473,475$113,609,588$90,423,082$88,738,513
Other current assets$0$0$0$0$0
Total current assets$124,908,963$117,415,095$138,798,083$120,412,402$115,238,271
Long-term investments$29,787,706$28,123,866$29,328,221$25,042,802$24,430,696
Fixed assets$60,206,531$59,176,905$60,979,080$61,146,986$60,009,335
Other long-term assets$0$0$0$0$0
Total long-term assets$89,994,237$87,300,771$90,307,301$86,189,788$84,440,031
Total assets$214,903,200$204,715,866$229,105,384$206,602,190$199,678,302
 
Liabilities20232022202120202019
Payables and accrued expenses$3,867,046$4,258,427$3,894,454$3,344,302$5,412,322
Other current liabilities$19,303,020$16,198,928$20,326,426$19,861,782$21,084,726
Total current liabilities$23,170,066$20,457,355$24,220,880$23,206,084$26,497,048
Debt$24,042,305$25,939,877$27,828,267$29,696,391$25,670,997
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$282,138$856,527$959,872$3,113,611$2,187,844
Total long-term liabilities$24,324,443$26,796,404$28,788,139$32,810,002$27,858,841
Total liabilities$47,494,509$47,253,759$53,009,019$56,016,086$54,355,889
 
Net assets20232022202120202019
Without donor restrictions$60,326,515$58,249,319$64,803,013$56,248,714$55,971,038
With donor restrictions$107,082,176$99,212,788$111,293,352$94,337,390$89,351,375
Net assets$167,408,691$157,462,107$176,096,365$150,586,104$145,322,413
 
Revenues and expenses
 
Revenue20232022202120202019
Total contributions$6,744,109$5,812,606$5,015,011$6,711,628$5,696,034
Program service revenue$39,067,687$37,526,021$38,141,431$40,246,466$39,061,528
Membership dues$0$0$0$0$0
Investment income$2,441,750$15,965,450$9,203,836$5,245,407$6,034,844
Other revenue$56,352$85,919$28,336$48,342$73,496
Total other revenue$41,565,789$53,577,390$47,373,603$45,540,215$45,169,868
Total revenue$48,309,898$59,389,996$52,388,614$52,251,843$50,865,902
 
Expenses20232022202120202019
Program services$38,519,022$37,051,886$36,544,366$36,704,600$35,382,897
Management and general$7,445,088$6,874,384$7,408,824$6,727,312$7,119,249
Fundraising$3,457,158$3,541,228$2,437,849$2,513,804$2,698,192
Total expenses$49,421,268$47,467,498$46,391,039$45,945,716$45,200,338
 
Change in net assets20232022202120202019
Surplus (deficit)($1,111,370)$11,922,498$5,997,575$6,306,127$5,665,564
Other changes in net assets$0$0$0$0$0
Total change in net assets($1,111,370)$11,922,498$5,997,575$6,306,127$5,665,564

Compensation

NameTitleCompensation
Michael HirschfeldHead of School$568,075
Jeffrey D CataldoCFO & Coo, Asst. Treasurer$400,478
Brian SullivanFormer Dir. External Affairs$318,825
William KissickChief Advancement Officer$263,662
Tanya HorganBusiness Manager$259,615
Dr Suzanne LefebvreSchool Physician$228,912
Marya NearyDirector of Development$222,035
Todd MarbleDirector of Planned Giving$186,266
Deneen ManteganiDirector of Donor Relation, Asst. Secretary$139,023

Compensation data as of: 6/30/2023


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 4/21/2023. To update the information below, please email: [email protected]


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

520 Students from 29 U.S. states and 31 countries. 93% boarding, 7% day

73% Teaching faculty hold advanced degrees

40% Students who receive Financial Aid

5:1 Student to faculty ratio

50 Teams in 22 sports 151 Courses including Advanced Studies courses


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