Overview
What is The Bement School Inc?
The Bement School Inc, located in Deerfield, Massachusetts, is a private educational institution catering to children from kindergarten to ninth grade. This nonprofit institution is renowned for its educational approach based on traditional values and principles. The school fosters a family-like atmosphere, encouraging individual responsibility and personal growth. The Bement School is committed to cultivating an academically diverse, international, and multicultural student body, promoting an environment of acceptance, kindness, and challenge. This holistic education nurtures each student intellectually, creatively, physically, and emotionally. With a staff of 119 dedicated individuals, The Bement School provides day and boarding facilities, ensuring a well-rounded educational experience for its students.
Official website here: www.bement.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 92% (Four-Star out of Four Stars)
The Bement School Inc has earned a Four-Star rating from Charity Navigator, reflecting a strong focus on accountability and finance. With an overall score predominantly derived from a perfect accountability and finance score, the organization demonstrates robust governance practices, including a fully independent board and effective oversight mechanisms. The absence of any material diversion of assets further underscores the organization’s commitment to financial integrity.
The evaluation highlights the organization's high program expense ratio, indicating that a significant portion of its budget is directed towards its programs rather than administrative costs. Furthermore, the board's composition and commitment to transparency are commendable, with all board members being independent and comprehensive financial statements being readily available.
However, the rating also points out a limitation regarding the absence of a whistleblower policy, which could impact the organization's overall governance framework. Nonetheless, the significant strengths noted in accountability and financial practices establish The Bement School as a reliable and trustworthy nonprofit.
This AI summary has been generated from information found on Charity Navigator.
Is The Bement School Inc legitimate?
The Bement School Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Bement School Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $255,693
Professional Fundraising Fees: $0
Other Salaries and Wages: $4,303,121
For more financial information, click here
Official website here: www.bement.org
What is the mission statement of The Bement School Inc?
The Bement School Inc. offers an education based on traditional values and principles for children from kindergarten to ninth grade, both day and boarding. The school fosters a family-like environment, encouraging self-responsibility and accountability. They actively seek a diverse student body, including internationals and individuals from various cultural backgrounds. At Bement, students and adults collaborate to establish a climate that promotes acceptance, kindness, and challenge, nurturing each child's intellectual, creative, physical, and emotional growth.
Official website here: www.bement.org
Who is the CEO of The Bement School Inc?
Michael Schloat is the Vice President of The Bement School Inc.
Official website here: www.bement.org
What is the revenue of The Bement School Inc?
The Bement School Inc's revenue in 2023 was $10,335,666.
Official website here: www.bement.org
Who are the executives of The Bement School Inc and what are their salaries?
The average compensation at The Bement School Inc during 2023 was $38,309. There are 119 employees at The Bement School Inc.
Here are 18 key members and their salaries:
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- Compensation: $237,240
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- Compensation: $124,307
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- Other: $21,007
Official website here: www.bement.org
Where can I find the form 990 for The Bement School Inc?
The Bement School Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.bement.org
Learn more at the official website: www.bement.org
Mission Statement of The Bement School Inc
The Bement School Inc, a esteemed institution, is committed to providing an education grounded in traditional school values and principles for children ranging from kindergarten to ninth grade, both day and boarding students. The school fosters an environment where learning and living transpire as a family, encouraging responsibility and accountability in students' own actions and work. Bement School actively seeks a diverse student body, academically, internationally, and culturally. By working together, students and staff contribute to a climate that is accepting, kind, and challenging, nurturing each child's intellectual, creative, physical, and emotional growth.
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Impact
July, 2024
The Bement School Inc has a significant impact on the education and development of children in kindergarten through ninth grade. By providing a supportive and nurturing environment based on time-honored school traditions and values, Bement fosters intellectual, creative, physical, and emotional growth in its students. The school actively seeks an academically diverse, international, and multicultural student body, creating a climate of acceptance, kindness, and challenge. Through its educational programs, Bement helps students develop responsibility for their own work and actions, preparing them for success in their academic and personal lives.
This information is meant to be a general summary of The Bement School Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $19,808
- Program Service Revenue: $8,393,523
- Gross Receipts: $11,514,283
Assets and Liabilities:
- Total Assets: $24,125,721
- Total Liabilities: $4,923,908
- Net Assets: $19,201,813
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TUITION AND FEES
Revenue
$8,122,690
STUDENT SERVICES
Revenue
$198,435
SUMMER PROGRAMS
Revenue
$72,398
Organization Details
Founding Year
1957
Phone
(413) 774-7061Principal Officer
Michael Schloat
Main Address
PO BOX 8, DEERFIELD, MA, 01342
Website
www.bement.orgNTEE Category
Code: B200 - Education
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