Long Island School For The Gifted
- Assets
- $5.8m
- Revenue
- $3.9m
- Investments
- $0.0
- Employees
- 38
- Location
- Huntington Station, NY
- Founding
- 12/1980
- Data as of
- 06/2022
- EIN
- 11-2532703
Organization Overview
Long Island School For The Gifted is located in Huntington Station, NY. The organization was established in 1980. As of 06/2022, Long Island School For The Gifted employed 38 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Long Island School For The Gifted 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, Long Island School For The Gifted generated $3.9m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.3%) each year. All expenses for the organization totaled $3.7m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (2.3%) per year over the past 7 years. 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 AN APPROPRIATE EDUCATION FOR GIFTED CHILDREN IN PRE-KINDERGARTEN THROUGH NINTH GRADE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PURPOSE OF LONG ISLAND SCHOOL FOR THE GIFTED IS TO PROVIDE A SCHOOL EDUCATION FOR PRE-KINDERGARTEN THROUGH NINTH GRADE FOR STUDENTS CAPABLE OF EXCEPTIONAL ACADEMIC PERFORMANCE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Patricia Geyer Head Of School | Officer | 40 | $142,550 |
Cheryl Novick Asst. Head Of School | Officer | 40 | $142,417 |
Colleen Ziegler Dean | Officer | 40 | $105,440 |
Roberta Tropper President | OfficerTrustee | 1 | $0 |
Larry Blond Vice President | OfficerTrustee | 1 | $0 |
Rob Delucia Treasurer | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $1,150 |
| Related organizations | $0 |
| Government grants | $68,569 |
| All other contributions, gifts, grants, and similar amounts not included above | $117,832 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $187,551 |
| Total Program Service Revenue | $3,439,225 |
| Investment income | $44,031 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $182,359 |
| Net Gain/Loss on Asset Sales | $8,938 |
| Net Income from Fundraising Events | $23,911 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,890,542 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $33,585 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $455,342 |
| Compensation of current officers, directors, key employees. | $227,671 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,430,506 |
| Pension plan accruals and contributions | $27,962 |
| Other employee benefits | $20,429 |
| Payroll taxes | $134,591 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $28,248 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $22,000 |
| Fees for services: Investment Management | $3,208 |
| Fees for services: Other | $103,679 |
| Advertising and promotion | $0 |
| Office expenses | $52,480 |
| Information technology | $30,469 |
| Royalties | $0 |
| Occupancy | $1,284,234 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $425 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $26,926 |
| Insurance | $35,132 |
| All other expenses | $0 |
| Total functional expenses | $3,708,758 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $796,081 |
| Savings and temporary cash investments | $337,699 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $65,468 |
| 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 | $44,376 |
| Net Land, buildings, and equipment | $83,513 |
| Investments—publicly traded securities | $558,989 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,963,511 |
| Total assets | $5,849,637 |
| Accounts payable and accrued expenses | $212,277 |
| Grants payable | $0 |
| Deferred revenue | $471,012 |
| 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 | $0 |
| Other liabilities | $4,084,153 |
| Total liabilities | $4,767,442 |
| Net assets without donor restrictions | $1,062,154 |
| Net assets with donor restrictions | $20,041 |
| 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 | $5,849,637 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Long Island School For The Gifted has recieved totaling $16,613.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $10,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $5,207 |
Samuel & Rosalind B Spielvogelfamily Foundation Trust Martinsville, NJ PURPOSE: GENERAL FUND | $1,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $406 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Heights Inc Potomac, MD | $28,496,015 | $21,762,530 |
New Foundations Charter School Marlton, NJ | $17,967,778 | $23,202,828 |
Executive Education Academy Charter School Allentown, PA | $63,584,076 | $23,169,797 |
Central Catholic High School Inc Lawrence, MA | $53,774,234 | $20,404,394 |
Foundation Academy Charter School Trenton, NJ | $16,120,573 | $21,345,321 |
Albany Academy Albany, NY | $58,726,077 | $27,181,105 |
Tatnall School Inc Wilmington, DE | $48,687,568 | $19,526,911 |
Variety Child Learning Center Syosset, NY | $8,356,973 | $21,867,725 |
Elisabeth Morrow School Englewood, NJ | $43,835,854 | $20,290,882 |
Village Community School New York, NY | $70,966,980 | $22,510,782 |
Youngstown State University Foundation Youngstown, OH | $318,269,128 | $38,933,738 |
American Dairy Assn & Dairy Council Of Ny Inc Empire Building North Syracuse, NY | $7,719,519 | $19,494,429 |