Brooklyn Kindergarten Society
- Assets
- $6.9m
- Revenue
- $8.0m
- Investments
- $0.0
- Employees
- 135
- Location
- Brooklyn, NY
- Founding
- 07/1952
- Data as of
- 06/2021
- EIN
- 11-1631820
Organization Overview
Brooklyn Kindergarten Society is located in Brooklyn, NY. The organization was established in 1952. According to its NTEE Classification (B21) the organization is classified as: Preschools, under the broad grouping of Education and related organizations. As of 06/2021, Brooklyn Kindergarten Society employed 135 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Brooklyn Kindergarten Society 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 06/2021, Brooklyn Kindergarten Society generated $8.0m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 4.8% each year. All expenses for the organization totaled $7.7m during the year ending 06/2021. While expenses have increased by 4.8% per year over the past 5 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
BKS MISSION TO ENSURE THAT THE CHILDREN IN ITS CENTERS DEVELOP THE SOCIAL, EMOTIONAL, PHYSICAL AND COGNITIVE SKILLS THEY NEED TO SUCCEED.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EARLY CHILDCARE EDUCATION PROGRAM:BKS OPERATES FIVE EARLY CHILDHOOD CENTERS IN NEW YORK CITY HOUSING AUTHORITY (NYCHA)COMPLEXES IN BEDFORD-STUYVESANT, CROWN HEIGHTS AND BROWNSVILLE, BROOKLYN. THE BKSPROGRAM IS STRATEGICALLY DESIGNED TO PROVIDE ACADEMIC AND SOCIAL ENRICHMENT THAT ISROOTED IN BEST PRACTICES AND ARE THE HALLMARKS OF HIGH-QUALITY PRESCHOOLS NATIONALLY.IN THE PAST THREE YEARS WE HELPED MORE THAN 1,000 AT-RISK CHILDREN GIVING THEM THESTART THEY NEED TO BE SUCCESSFUL IN SCHOOL. WHEN THEY ARRIVED AT OUR DOORSTEP AT AGETWO OR THREE, MORE THAN TWO-THIRDS OF THESE CHILDREN: WERE FUNCTIONING BELOW AGE-GROUP NORMS. BY AGE 4, ON AVERAGE, MORE THAN 90% OF THEM WERE AT OR ABOVE AGE-GROUP NORMS. THESE ARE THE CHILDREN WHO WILL SUCCEED IN SCHOOL AND GO ON TO CONTRIBUTE TO SOCIETY.
USDA/CACFP MEAL PROGRAM:THROUGH CACFP, ENROLLED CHILDREN RECEIVE NUTRITIOUS BREAKFAST, LUNCH AND AN AFTERNOON SNACK EACH DAY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Angela Terry Dep Director Admin | 40 | $113,300 | |
Benita Miller Former Exec Dir | Officer | 40 | $100,501 |
David Fazio CFO | Officer | 40 | $87,040 |
Olena Jaffe Dir. Of Compliance | 40 | $85,819 | |
Boimah Sayway Center Director | 40 | $72,100 | |
Melisha Jackman Executive Dir. | Officer | 40 | $46,546 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $127,495 |
| Related organizations | $0 |
| Government grants | $7,158,199 |
| All other contributions, gifts, grants, and similar amounts not included above | $640,849 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,926,543 |
| Total Program Service Revenue | $0 |
| Investment income | $35,936 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,962,879 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $356,689 |
| Compensation of current officers, directors, key employees. | $35,669 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,139,376 |
| Pension plan accruals and contributions | $13,578 |
| Other employee benefits | $760,406 |
| Payroll taxes | $356,242 |
| Fees for services: Management | $143,240 |
| Fees for services: Legal | $7,766 |
| Fees for services: Accounting | $237,250 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $143,885 |
| Advertising and promotion | $19,280 |
| Office expenses | $51,990 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $608,505 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $104,937 |
| Total functional expenses | $7,682,618 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,107,772 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,418,697 |
| 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 | $31,480 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $3,296,234 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $32,375 |
| Total assets | $6,886,558 |
| Accounts payable and accrued expenses | $586,429 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $1,755,030 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $2,341,459 |
| Net assets without donor restrictions | $4,545,099 |
| Net assets with donor restrictions | $0 |
| 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 | $6,886,558 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Brooklyn Kindergarten Society has recieved totaling $500.
| Awarding Organization | Amount |
|---|---|
De La Cour Family Foundation Glen Cove, NY PURPOSE: TO HELP FUND THE RECIPIENTS OPERATING BUDGET | $500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Jumpstart For Young Children Inc Boston, MA | $20,704,200 | $25,715,901 |
Holyoke Chicopee Springfield Head Start Inc Springfield, MA | $4,876,659 | $18,197,572 |
Belmont Day School Inc Belmont, MA | $53,871,739 | $17,214,948 |
Ocean Community Economic Action Now Inc Toms River, NJ | $23,267,325 | $17,288,435 |
The Kingsley Montessori School Inc Boston, MA | $12,852,129 | $12,365,430 |
Waldorf School Of Garden City Garden City, NY | $13,682,215 | $13,601,476 |
Nashoba Brooks School Of Concord Concord, MA | $34,636,415 | $10,867,224 |
Chestnut Hill School Chestnut Hill, MA | $33,385,087 | $15,409,802 |
Montessori Association Of New York New York, NY | $10,174,836 | $11,317,799 |
West Side Montessori School New York, NY | $34,513,067 | $10,367,667 |
Crossroads Continuum Inc Hudson, MA | $10,592,948 | $12,454,903 |
Kipp Philadelphia Charter School Philadelphia, PA | $30,756,682 | $16,805,323 |