Lawrence Woodmere Academy
- Assets
- $3.1m
- Revenue
- $4.2m
- Investments
- $5.0k
- Employees
- 99
- Location
- Woodmere, NY
- Founding
- 01/1992
- Data as of
- 06/2021
- EIN
- 11-3028408
Organization Overview
Lawrence Woodmere Academy is located in Woodmere, NY. The organization was established in 1992. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. As of 06/2021, Lawrence Woodmere Academy employed 99 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lawrence Woodmere Academy 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, Lawrence Woodmere Academy generated $4.2m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (14.9%) each year. All expenses for the organization totaled $4.9m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (12.5%) per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
A PREMIER COLLEGE PREPARATORY SCHOOL FOR STUDENTS, FAMILIES AND EDUCATORS WHO EMBRACE QUALITY EDUCATION WITH SHARED PRIORITIES, PASSIONS AND COMMITMENT IN AN ENVIRONMENT THAT VALUES WISDOM AND NURTURES PERSONAL, COMMUNITY AND GLOBAL RESPONSIBILITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE SCHOOL CULTURE IS MARKED BY A COMMITMENT TO A GLOBAL PERSPECTIVE WITHIN A SCHOOL COMMUNITY THAT IS RACIALLY, ETHNICALLY, AND SOCIO-ECONOMICALLY DIVERSE. THERE IS A DELIBERATE EFFORT FOCUSED ON ADDRESSING THE INDIVIDUAL NEEDS OF STUDENTS THROUGH A FLEXIBLE CURRICULUM AND A DEVOTED FACULTY. THERE IS A PRO-ACTIVE PURSUIT OF SUPPORT AND INPUT FROM PARENTS AND ALUMNI IN SHAPING THE GOALS OF THE SCHOOL.THE SCHOOL'S MISSION IS DISTILLED INTO THREE CORE VALUES: TRUTH, INTEGRITY, AND SERVICE, AND THE TAG LINE WHICH BESPEAKS THE SCHOOL'S GLOBAL CURRICULUM AND PHILOSOPHY IS "AT HOME WITH THE WORLD.".
TO BUILD EVERY CHILD UP TO FEEL SPECIAL WHILE THEY ARE GIVEN THE OPPORTUNITY TO EXPLORE, DISCOVER, FACE NEW PERSONAL CHALLENGES, DEVELOP NEW SKILLS, AND HONE HIS OR HER INDIVIDUAL ABILITIES AND TALENTS. WE TRULY BELIEVE OUR PROGRAM STANDS OUT FOR ITS EMPHASIS ON NURTURING A CHILD'S STRENGTHS, AND BALANCING AWESOME OUTDOOR ACTIVITIES AND SPORTS ON FIELDS NO OTHER LOCAL SUMMER PROGRAM CAN BOAST OF WITH EXCITING AND CREATIVE FUN IN OUR LARGE AIR-CONDITIONED FACILITY.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brian O'connell Headmaster | Officer | 40 | $225,036 |
Mary Barton Associate Head Of School | 40 | $122,500 | |
Stephen Ostroff Director Of Information Technology | 40 | $107,143 | |
Vince Gerbino Chairman | Trustee | 1 | $0 |
Jay Arnow Trustee | Trustee | 1 | $0 |
Michael Nussbaum Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $219,200 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $219,200 |
| Total Program Service Revenue | $3,950,920 |
| Investment income | $0 |
| 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 | $4,170,120 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,535,816 |
| Pension plan accruals and contributions | $43,111 |
| Other employee benefits | $180,143 |
| Payroll taxes | $195,368 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $81,396 |
| Fees for services: Accounting | $1,731 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,000 |
| Advertising and promotion | $79,469 |
| Office expenses | $91,348 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $9,331 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $669,167 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $188,239 |
| All other expenses | $220,213 |
| Total functional expenses | $4,902,821 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,317,414 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $223,444 |
| 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 | $228,002 |
| Net Land, buildings, and equipment | $1,373,330 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $5,000 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,147,190 |
| Accounts payable and accrued expenses | $499,294 |
| 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 | $7,760,048 |
| Unsecured mortgages and notes payable | $200,000 |
| Other liabilities | $1,332,851 |
| Total liabilities | $9,792,193 |
| Net assets without donor restrictions | -$6,645,003 |
| 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 | $3,147,190 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Lawrence Woodmere Academy has recieved totaling $1,239.
| Awarding Organization | Amount |
|---|---|
New York Life Foundation New York, NY PURPOSE: EDUC. GENERAL | $500 |
Linda And Alan Kahn Foundation Inc Forest Hills, NY PURPOSE: GENERAL SUPPORT GRANT | $250 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $250 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $139 |
Harry & Rose Zaifert Foundation New York, NY PURPOSE: CHARITABLE PURPOSES | $100 |
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