Pine Cobble School Incorporated
Nonprofit profile at a glance
- EIN
- 042105910
- IRS 990 coverage
- 2009–2024
- Forms available
- Form 990 2024
- Location
- Williamstown, MA, USA
- Phone
- 4134584680
- Rating
- 82
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Kindergarten, Preschool, Nursery School, Early Admissions
Reported finances
- Revenue
- $2,376,742
- Expenses
- $3,499,512
- Assets
- $10,426,624
- Liabilities
- $638,418
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
14 people listed
Executive titles in this filing
- LETICIA SMITH-EVAN HAYNES (PRESIDENT)
- JENNY GERRARD (VICE PRESIDENT (THRU 9/24))
- TIMOTHY CARR (VICE PRESIDENT (AFTER 9/24))
Highest reported compensation
- ALANA HARTE (HEAD OF SCHOOL): $179,606 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Provide private school education for children from nursery school through grade 8
What it reported doing in 2024
See schedule olocated on 18 acres in the berkshires of western Massachusetts, pine cobble school has been rooted in experiential, child-centric education for almost 90 years. The hands-on curriculum develops critical thinking and problem-solving, from the almost-three-year-old beginner getting their hands dirty in the school's garden to the grade 8 student testing a hypothesis in science class. At pine cobble school, we understand that excellent teachers, small class sizes, and access to a well-rounded educational experience in the arts, world languages, athletics, and beyond, will enable children to explore their passions, take risks, and to nurture their curiosity and creativity. We believe in preparing students not only for academic success, but to be compassionate, capable, and thoughtful members of their communities.pine cobble is committed to ensuring that our school is accessible to families from a wide range of economic backgrounds. 55% of our students receive some form of financial assistance. Every pine cobble family makes an investment in their child's tuition; our financial aid program provides a bridge for families who qualify and is available to students in grades k-8.
Operating model
- Revenue model
- Earned-program. 64% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Direct operator. The filing allocates 88% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Fundraising costs are high for each dollar raised and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 82
- Transparency & Controls: 79
- Accountability: 95
- Sustainability: 37
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 77.1%; rating input score 77
- Fundraising efficiency: $2.73 raised per $1 spent on fundraising; rating input score 7; 7th percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: 2 of 6 controls in place; rating input score 33
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Pass
- Compensation survey or study: Missing
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: 100%; rating input score 100; 72nd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 7 of 8 controls in place; rating input score 88
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: NotApplicable
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: -47.2%; rating input score 2; 2nd percentile among comparable filings
- Total-asset coverage ratio: 2.98; rating input score 73; 73rd percentile among comparable filings
- Liabilities to assets ratio: 0.06; rating input score 67; 67th percentile among comparable filings
- Officer compensation ratio: 5.1%; rating input score 53; 53rd percentile among comparable filings
Growth
- Program expense growth: 7.4% per year; rating input score 100; 53rd percentile among comparable filings
- Revenue growth: 1.9% per year; rating input score 100; 20th percentile among comparable filings
- Asset growth: 9.1% per year; rating input score 100; 55th percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 77.1% of spending went to programs
- Governance: 11 of 11 board members independent · 7 of 8 filing controls reported
- Programs: 2 filed program accomplishments · $2.7M in reported program spending
- Leadership: top reported pay $180K · 14 people listed · 2 of 6 pay-setting controls reported
- Consistency: 26 of 26 current checks pass
- Schedules: 7 filed schedules · includes major donors, grants, and executive pay
- Filing history: 16 filing years from 2009 to 2024
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Financial Efficiency: Fundraising efficiency scored 7/100.
- High — Sustainability: Operating margin scored 2/100.
- Review — Sustainability: Officer compensation ratio scored 53/100.