2026-02-02T09:09:02-05:00 2025-06-30 933523116 CAVANAGH CPAS & ASSOCIATES LLC 2346 POST RD SUITE 204 WARWICK RI 02886 990 2024-07-01 237131751 THE PENNFIELD SCHOOL PENN 4018494646 110 SANDY POINT AVENUE PORTSMOUTH RI 02871 PAUL AMADIO HEAD OF SCHOOL 4018494646 2026-01-29 true true PAUL J CAVANAGH P01340236 4016163700 2026-01-30 2024 2025-03-06 01:10:19Z PAUL AMADIO 110 SANDY POINT AVENUE PORTSMOUTH RI 02871 4213058 false X WWW.PENNFIELD.ORG X 1970 RI TO CREATE AN INCLUSIVE COMMUNITY OF DEDICATED LEARNERS, WHERE STUDENTS ARE GIVEN A FOUNDATION AND APPRECIATION FOR THE JOYFUL PURSUITS OF UNDERSTANDING, WHILE FOSTERING RESPECT FOR ONESELF AND OTHERS AS A WAY OF LIFE. 16 15 67 50 0 237176 472465 3018871 3611805 30960 45422 29087 29708 3316094 4159400 494157 668315 0 2327533 2737750 0 210688 988374 1049822 3810064 4455887 -493970 -296487 2302116 2325057 822620 1094305 1479496 1230752 X TO CREATE AN INCLUSIVE COMMUNITY OF DEDICATED LEARNERS, WHERE STUDENTS ARE GIVEN A FOUNDATION AND APPRECIATION FOR THE JOYFUL PURSUITS OF UNDERSTANDING, WHILE FOSTERING RESPECT FOR ONESELF AND OTHERS AS A WAY OF LIFE. false false 3221976 668315 3611805 THE PENNFIELD SCHOOL PROVIDES GENERAL EDUCATION AND RELATED ACTIVITIES TO PRIMARY AND ELEMENTARY SCHOOL CHILDREN. 3221976 true true false false false false false false false true true false false true true true true false true false false false false false true false false false true true false false false false true false false false false false false false false false false false false true 22 0 true 67 true false false false false false true true false false false false false false false false X 16 15 false false false false false false false true true false false true true true true false false true false false X ALLISON SERINA BUSINESS MANAGER 4018494646 110 SANDY POINT AVENUE PORTSMOUTH RI 02871 ROBERT OUELLETTE CHAIR 1.00 X X 0 0 0 CHRISTIAN MEKO VICE CHAIR 1.00 X X 0 0 0 MICHAEL PIMENTAL TREASURER 1.00 X X 0 0 0 JOSH ROSENZWEIG SECRETARY 1.00 X X 0 0 0 DEBORAH BARTLETT TRUSTEE 1.00 X 0 0 0 JOHN CIUMMO TRUSTEE 1.00 X 11310 0 0 JULIE CHASE CONNETT TRUSTEE 1.00 X 0 0 0 COURTNEY HALVORSEN TRUSTEE 1.00 X 0 0 0 GREG KIELY TRUSTEE 1.00 X 0 0 0 KEITH MANVILLE TRUSTEE 1.00 X 0 0 0 TED SCHOLHAMER TRUSTEE 1.00 X 0 0 0 ELISABETH SWAIN TRUSTEE 1.00 X 0 0 0 DAVID WILSON TRUSTEE 1.00 X 0 0 0 PAUL AMADIO HEAD OF SCHO 40.00 X 179039 0 48144 RACHEL FOLAN TRUSTEE 1.00 X 0 0 0 CARA MASSEY TRUSTEE 1.00 X 0 0 0 JAY SILVESTRI TRUSTEE 1.00 X 0 0 0 190349 48144 1 false true false ME O'BRIEN & SONS 17 TROTTER DR MEDWAY MA 02053 CONSTRUCTIONS 114334 1 75441 397024 472465 TUITION 3279289 3279289 OTHER PROGRAMS 332516 332516 3611805 52545 52545 32423 9111 23312 23312 23312 7123 -7123 -7123 -7123 43820 75441 37424 6396 6396 4159400 3611805 75130 668315 668315 215146 32272 150602 32272 2158137 1563743 477481 116913 27246 16735 10511 155457 82752 72705 181764 113162 62370 6232 13021 13021 20643 20643 57821 57821 48141 48141 150728 139467 11261 7055 7055 182443 169662 12781 7266 7266 46265 46265 44981 39827 5154 MAINTENANCE&EQUIP RENTAL 182263 176880 5383 MISCELLANEOUS 160915 30295 75349 55271 PSA EXPENSES 85076 85076 FIELD TRIPS 43204 43204 4455887 3221976 1023223 210688 52845 114205 52926 1345 68935 58000 37912 26119 6083 1256434 947749 212489 308685 467745 499549 1403181 1317154 2302116 2325057 37497 25121 219700 324077 565423 745107 822620 1094305 X 1079013 823534 400483 407218 1479496 1230752 2302116 2325057 X -296487 47743 X false true X true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 821546 89971 -53692 857825 744004 1216 90196 -13870 821546 696707 60944 -13647 744004 775660 5128 -71118 -12963 696707 609240 25439 178433 -37452 775660 0.58000 0.42000 true false 190649 33950 156699 1065785 913799 151986 308685 OPERATING LEASE RIGHT-OF-USE ASSET 960477 BEN INTEREST IN ASSET HELD BY OTHERS 356677 1317154 OPERATING LEASE LIABILITY 501035 MARGIN LOAN 241734 TUITION DEPOSIT REFUNDS 2338 745107 X 3585363 47743 46535 94278 3491085 668315 668315 4159400 3834107 46535 46535 3787572 668315 668315 4455887 SCHEDULE D, PAGE 2, PART V, LINE 4 THE SCHOOL HAS UNRESTRICTED AND TEMPORARILY RESTRICTED ENDOWMENT FUNDS. THE UNRESTRICTED FUNDS ARE FOR VARIOUS BOARD DESIGNATED ENDOWMENTS. THE TEMPORARILY RESTRICTED FUNDS ARE FOR TEACHING EXCELLENCE PRIZE. SCHEDULE D, PAGE 3, PART X THE SCHOOL ACCOUNTS FOR THE EFFECT OF ANY UNCERTAIN TAX POSITIONS BASED ON A "MORE LIKELY THAN NOT" THRESHOLD TO THE RECOGNITION OF THE TAX POSITION BEING SUSTAINED BASED ON THE TECHNICAL MERITS OF THE POSITION UNDER SCRUTINY BY THE APPLICABLE TAXING AUTHORITY. IF A TAX POSITION OR POSITIONS ARE DEEMED TO RESULT IN UNCERTAINTIES OF THOSE POSITIONS, THE UNRECOGNIZED TAX BENEFIT IS ESTIMATED BASED ON A "CUMULATIVE PROBABILITY ASSESSMENT" THAT AGGREGATES THE ESTIMATED TAX LIABILITY FOR ALL UNCERTAIN TAX POSITIONS. INTEREST AND PENALTIES ASSESSED, IF ANY, ARE ACCRUED AS INCOME TAX EXPENSE. THE SCHOOL HAS IDENTIFIED ITS TAX STATUS AS A TAX EXEMPT ENTITY AS A TAX POSITION; HOWEVER, THE SCHOOL HAS DETERMINED THAT SUCH A TAX POSITION DOES NOT RESULT IN AN UNCERTAINTY REQUIRING RECOGNITION. SCHEDULE D, PAGE 4, PART XI, LINE 2D RENTAL EXPENSE 9,111 SPECIAL EVENTS EXPENSE 37,424 SCHEDULE D, PAGE 4, PART XI, LINE 4B FINANCIAL AID 668,315 SCHEDULE D, PAGE 4, PART XII, LINE 2D RENTAL EXPENSE 9,111 SPECIAL EVENTS EXPENSE 37,424 SCHEDULE D, PAGE 4, PART XII, LINE 4B FINANCIAL AID 668,315 true true true true true true true false false false false false false false false false false true SCHEDULE E, LINE 3 NEWSPAPER ADVERTISEMENTS GOLF TOURNAMENT 75945 32125 43820 28282 9142 OTHER FUNDRAISI 43316 43316 119261 75441 43820 28282 9142 37424 6396 true FINANCIAL AID 50 668315 SUPP INFO TUITION CREDIT SCHEDULE I, PAGE 4, PART IV THE METHOD OF VALUATION USED IS A PROPORTIONATE SHARE OF CURRENT TUITION RATES. PENNFIELD OFFERS FINANCIAL AID FOR FAMILIES WHO OTHERWISE WOULD BE UNABLE TO CONSIDER PENNFIELD AS AN OPTION FOR THEIR CHILDREN. FINANCIAL AID AT PENNFIELD IS BASED ON NEED. AWARDS ARE BASED ON THE NUMBER OF APPLICANTS, THE TOTAL AMOUNT OF FINANCIAL AID AVAILABLE, AND THE RECOMMENDATIONS OF THE SCHOOL SCHOLARSHIP SERVICE (SSS). PENNFIELD DOES NOT PROVIDE FULL TUITION GRANTS. FAMILIES MUST PROVIDE A COMPLETED SSS FORM AND A PARENT FINANCIAL STATEMENT TO THE SCHOOL AND TO SSS IN PRINCETON, NJ. PENNFIELD'S APPLICATION FOR FINANCIAL AID, A COPY OF THE PARENT'S FORM 1040, AND AN ENROLLMENT CONTRACT MUST ALSO BE PROVIDED. TUITION IS DISTRIBUTED AS EQUITABLY AS POSSIBLE AMONG THOSE WHO HAVE APPLIED IN CONSIDERATION OF THE NUMBER OF APPLICANTS, THE TOTAL FINANCIAL AID AVAILABLE, AND THE RECOMMENDATIONS OF THE SSS. X true true false false false false false false false false false PAUL AMADIO HEAD OF SCHOOL 179039 2833 45311 227183 SEE SCHEDULE L FOR DETAILS SEE SCHEDULE L SCHEDULE L, PART V FINANCIAL AID GRANTED TO THE CHILDREN OF TRUSTEES IS BASED ON NEED THAT MUST BE DEMONSTRATED THROUGH THE STANDARD APPLICATION FOR FINANCIAL AID PROCESS. PER IRS INSTRUCTIONS, FOR PRIVACY CONSIDERATIONS, THE NAMES OF RECIPIENTS ARE NOT DISCLOSED AND ONLY THE TYPE OF ASSISTANCE AND THE AGGREGATE AMOUNT ARE REPORTED ON SCHEDULE L, PART III. FORM 990 - ORGANIZATION'S MISSION TO CREATE AN INCLUSIVE COMMUNITY OF DEDICATED LEARNERS, WHERE STUDENTS ARE GIVEN A FOUNDATION AND APPRECIATION FOR THE JOYFUL PURSUITS OF UNDERSTANDING, WHILE FOSTERING RESPECT FOR ONESELF AND OTHERS AS A WAY OF LIFE. FORM 990, PAGE 6, PART VI, LINE 11B THE FORM 990 IS REVIEWED BY THE HEAD OF SCHOOL, CHAIR AND TREASURER OF THE BOARD. COPIES ARE MADE AVAILABLE TO THE BOARD MEMBERS BEFORE FILING. FORM 990, PAGE 6, PART VI, LINE 12C THE HEAD OF SCHOOL AND THE BOARD CHAIR REVIEW STATEMENTS AND MONITOR COMPLIANCE THROUGHOUT THE YEAR AND WATCH FOR ANY CONFLICTS. FORM 990, PAGE 6, PART VI, LINE 15A THE TREASURER AND BOARD CHAIR REVIEW THE HEAD OF SCHOOL'S CONTRACT ANNUALLY. THEY COMPARE THE HEAD'S SALARY WITH LOCAL PEER INSTITUTIONS TO ENSURE THAT THE COMPENSATION IS APPROPRIATE. FORM 990, PAGE 6, PART VI, LINE 19 ALL ARE AVAILABLE UPON REQUEST TO THE HEAD OF SCHOOL OR BUSINESS MANAGER. DOCUMENTS CAN BE VIEWED IN THE BUSINESS OFFICE. FORM 990, PART XI, LINE 9 RENTAL EXPENSE 9,111 SPECIAL EVENTS EXPENSE 37,424 FINANCIAL AID -668,315 RENTAL EXPENSE -9,111 SPECIAL EVENTS EXPENSE -37,424 FINANCIAL AID 668,315