SOUTH KENT SCHOOL CORPORATION

EIN: 060646906 501(c)(3) Education

SOUTH KENT, CT

Total Revenue
$17,264,801
Total Expenses
$19,543,442
Total Assets
$36,849,685
Net Assets
$18,185,529
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Financial Trends

Organization Details

Formation Year
1923
Legal Domicile
CT
Principal Officer
BRIAN SULLIVAN
Phone
8609273539
Tax Period
2024-07-01 to 2025-06-30

SOUTH KENT SCHOOL CORPORATION, founded in 1923, is a mid-sized nonprofit in the Education sector that reported $17.3M in total revenue in fiscal year 2024. Expenses of $19.5M exceeded revenue, resulting in a 13% operating deficit.

Mission

SOUTH KENT SCHOOL, ESTABLISHED IN 1923, IS A COLLEGE-PREPARATORY SCHOOL FOR BOYS IN GRADES 9 THROUGH 12. WE DEVELOP YOUNG MEN WHO CAN EVOLVE AND ADAPT, BE GLOBALLY COMPETITIVE AND PREPARED TO MEET THE CHALLENGES POSED BY A CHANGING NATURAL ENVIRONMENT. THEIR TIME AT SOUTH KENT PREPARES OUR STUDENTS FOR SUCCESS AT EACH POINT IN THEIR LIFE. THREE PRINCIPLES DEFINE THE SCHOOL: SIMPLICITY OF LIFE, SELF-RELIANCE, AND DIRECTNESS OF PURPOSE. SOUTH KENT SCHOOL IS ACCREDITED BY THE NEW ENGLAND ASSOCIATION OF SCHOOLS AND COLLEGES AND HOLDS MEMBERSHIPS IN THE CUM LAUDE SOCIETY, THE NATIONAL ASSOCIATION OF INDEPENDENT SCHOOLS, THE NATIONAL ASSOCIATION OF EPISCOPAL SCHOOLS, THE SECONDARY SCHOOL ADMISSION TEST BOARD, THE CONNECTICUT ASSOCIATION OF INDEPENDENT SCHOOLS, THE ASSOCIATION OF BOARDING SCHOOLS, THE INTERNATIONAL COALITION OF BOYS SCHOOLS AND THE NATIONAL ASSOCIATION FOR COLLEGE ADMISSION COUNSELING.

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $2,194,790
Program Service Revenue $13,404,276
Investment Income $1,437,718
Other Revenue $228,017
TOTAL REVENUE $17,264,801

Expense Breakdown

Grants Paid $6,102,925
Salaries & Benefits $6,069,158
Fundraising Expenses $828,306
Program Expenses $16,055,438
Other Expenses $7,371,359
TOTAL EXPENSES $19,543,442

Year-over-Year Comparison

2024 2023 Change
Revenue $17,264,801 $17,908,441 0.0%
Expenses $19,543,442 $17,475,878 +0.1%
Net Income $-2,278,641 $432,563 -6.3%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
20
Independent Members
19
Employees
83
Volunteers
23

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
5
$686,733
Total Directors
20
$461,918
Key Employees
0
$0
Highest Compensated
3
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BRIAN SULLIVAN HEAD OF SCHOOL 60.00
Officer Director
$382,900 $79,018 $461,918
WILLIAM ROWE BOARD CHAIR 5.00
Officer Director
$0 $0 $0
TIMOTHY RICHARDS VICE CHAIR 1.00
Officer Director
$0 $0 $0
SAMUEL ANDERSON TREASURER 1.00
Officer Director
$0 $0 $0
SAMUEL BARRINGTON TRUSTEE 1.00
Director
$0 $0 $0
EDWARD D'ATRI JR TRUSTEE 1.00
Director
$0 $0 $0
HANI MS FARSI TRUSTEE 1.00
Director
$0 $0 $0
MARISA GARDINI TRUSTEE 1.00
Director
$0 $0 $0
SUSAN GARDNER TRUSTEE 1.00
Director
$0 $0 $0
JOSHUA HANFLING TRUSTEE 1.00
Director
$0 $0 $0
PETER HOPPER TRUSTEE 1.00
Director
$0 $0 $0
KATHLEEN LINDENMAYER TRUSTEE 1.00
Director
$0 $0 $0
BHARAT MEDIRATTA TRUSTEE 1.00
Director
$0 $0 $0
CHARLIE MERRILL TRUSTEE 1.00
Director
$0 $0 $0
STEPHEN NAHLEY TRUSTEE 1.00
Director
$0 $0 $0
PETER RAMSEY TRUSTEE 1.00
Director
$0 $0 $0
SID STOCKDALE TRUSTEE 1.00
Director
$0 $0 $0
DAVID TWEARDY TRUSTEE 1.00
Director
$0 $0 $0
JASON VELEZ TRUSTEE 1.00
Director
$0 $0 $0
CHARLES F WREAKS IV TRUSTEE 1.00
Director
$0 $0 $0
LUZ MCCARTHY CFO/ASSISTANT TREASURER 50.00
Officer
$177,873 $46,942 $224,815
JASON LEFEVRE DIRECTOR OF ADMISSIONS 40.00
Highest
$128,750 $37,301 $166,051
LINDSEY LEFEVRE ASSISTANT HEAD OF ACADEMICS & STUDENT PROGRAMS 40.00
Highest
$105,737 $67,918 $173,655
LAWRENCE SMITH EMERITUS HEAD OF SCHOOL 0.00
Highest
$230,146 $22,188 $252,334
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $17,264,801 $19,543,442 $36,849,685 $-2,278,641
2024 $17,908,441 $17,475,878 $38,383,385 $432,563
2023 $11,600,981 $15,908,884 $36,202,289 $-4,307,903
2022 $16,289,359 $13,464,863 $39,882,934 $2,824,496
2021 $14,351,680 $12,253,224 $39,417,469 $2,098,456
2020 $13,231,030 $12,758,992 $33,230,576 $472,038
2019 $12,570,947 $15,000,287 $33,124,918 $-2,429,340
2018 $13,535,042 $14,351,143 $34,652,789 $-816,101
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