Foote School Association Inc
- Assets
- $45.3m
- Revenue
- $17.2m
- Investments
- $0.0
- Employees
- 200
- Location
- New Haven, CT
- Founding
- 06/1938
- Data as of
- 06/2022
- EIN
- 06-0646647
Organization Overview
Foote School Association Inc is located in New Haven, CT. The organization was established in 1938. According to its NTEE Classification (B24) the organization is classified as: Primary & Elementary Schools, under the broad grouping of Education and related organizations. As of 06/2022, Foote School Association Inc employed 200 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Foote School Association Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Foote School Association Inc generated $17.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.7% each year. All expenses for the organization totaled $16.6m during the year ending 06/2022. While expenses have increased by 2.1% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE EDUCATION OF A HIGH STANDARD OF EXCELLENCE TO PUPILS OF KINDERGARTEN THROUGH GRADE NINE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ACADEMIC INSTRUCTION, ATHLETIC & STUDENT ACTIVITIES, OTHER SUPPORT FOR 443 STUDENTS
HORIZONS PROGRAM
AFTER SCHOOL & VACATION PROGRAM
SUMMER SCHOOL PROGRAM
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alewa Cooper Head Of School | Officer | 40 | $275,214 |
David Sklar Former CFO | 40 | $164,067 | |
Elizabeth Mello Head Of Middle School | 40 | $154,284 | |
Pamela Fortin Technology Director | 40 | $148,083 | |
Jody Abzug Development Director | 40 | $131,945 | |
Christine Khachne Head Of Lower School | 40 | $130,938 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Veracross Llc Web-based Student Info System | 6/29/22 | $154,882 |
Marc H Robbins Energy Savings Project | 6/29/22 | $127,773 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,039,998 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,166,178 |
| Noncash contributions included in lines 1a–1f | $64,800 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,206,176 |
| Total Program Service Revenue | $13,597,223 |
| Investment income | $1,349,148 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $28,651 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $17,181,198 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $2,151,639 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $309,395 |
| Compensation of current officers, directors, key employees. | $309,395 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $7,362,851 |
| Pension plan accruals and contributions | $481,805 |
| Other employee benefits | $1,902,033 |
| Payroll taxes | $540,553 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $35,855 |
| Fees for services: Accounting | $55,558 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $74,884 |
| Advertising and promotion | $70,215 |
| Office expenses | $167,690 |
| Information technology | $307,210 |
| Royalties | $0 |
| Occupancy | $834,167 |
| Travel | $401,233 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $85,383 |
| Interest | $1,508 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $796,284 |
| Insurance | $115,368 |
| All other expenses | $50,000 |
| Total functional expenses | $16,605,075 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,439,308 |
| Savings and temporary cash investments | $2,824,992 |
| Pledges and grants receivable | $1,027,438 |
| Accounts receivable, net | $21,008 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $420,789 |
| Net Land, buildings, and equipment | $18,448,130 |
| Investments—publicly traded securities | $21,120,729 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $45,302,394 |
| Accounts payable and accrued expenses | $1,168,110 |
| Grants payable | $0 |
| Deferred revenue | $2,571,412 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $20,154 |
| Other liabilities | $0 |
| Total liabilities | $3,759,676 |
| Net assets without donor restrictions | $24,347,379 |
| Net assets with donor restrictions | $17,195,339 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $45,302,394 |
Grants Recieved
Over the last fiscal year, we have identified 13 grants that Foote School Association Inc has recieved totaling $186,134.
| Awarding Organization | Amount |
|---|---|
Seedlings Foundation Branford, CT PURPOSE: HUMANITARIAN/EDUCATIONAL/COMMUNITY | $66,000 |
Smart Family Foundation Of New York New Rochelle, NY PURPOSE: SUPPORT K - 6TH GRADE SUMMER ENRICHMENT | $40,000 |
Jack Kent Cooke Foundation Lansdowne, VA PURPOSE: TO SUPPORT EDUCATIONAL OPPORTUNITIES FOR UNDERPRIVILEGED CHILDREN | $20,000 |
Apple Pickers Foundation Wilmington, DE PURPOSE: FINANCIAL AID | $20,000 |
The Community Fdn Of Middle Tn Inc Nashville, TN PURPOSE: FRANCIE IRVINE & MR. O CLASS OF 1981 SCHOLARSHIP FUND | $12,500 |
United Way Of Greater New Haven Inc New Haven, CT PURPOSE: SUMMER YOUTH PROGRAM | $10,000 |
Endowment Analysis
| Beg. Balance | $25,390,943 |
| Earnings | -$3,386,233 |
| Net Contributions | $238,642 |
| Other Expense | $715,208 |
| Grants | $153,390 |
| Ending Balance | $21,374,754 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Dexter Southfield Inc Brookline, MA | $119,216,504 | $58,438,330 |
Calhoun School Inc New York, NY | $66,556,667 | $39,561,327 |
Saint Davids School New York, NY | $170,289,488 | $33,366,978 |
Hewitt School New York, NY | $78,957,035 | $33,976,072 |
Buckley School In The City Of New York New York, NY | $138,732,019 | $33,895,115 |
Shady Hill School Cambridge, MA | $107,959,883 | $31,295,266 |
Bnos Bais Yaakov Of Far Rockaway Far Rockaway, NY | $26,507,044 | $28,668,399 |
City And Country School Inc New York, NY | $49,971,219 | $22,042,063 |
Wilbraham & Monson Academy Wilbraham, MA | $39,033,544 | $22,102,738 |
St Lukes School New York, NY | $52,345,185 | $21,771,060 |
Village Community School New York, NY | $70,966,980 | $22,510,782 |
Lycee International De Boston International School Of Boston Inc Cambridge, MA | $37,411,967 | $19,857,918 |