Trey Whitfield School
- Assets
- $2.9m
- Revenue
- $2.5m
- Investments
- $0.0
- Employees
- 43
- Location
- Brooklyn, NY
- Founding
- 04/2001
- Data as of
- 08/2023
- EIN
- 11-3577637
Organization Overview
Trey Whitfield School is located in Brooklyn, NY. The organization was established in 2001. 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 08/2023, Trey Whitfield School employed 43 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Trey Whitfield School 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 08/2023, Trey Whitfield School generated $2.5m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.4% each year. All expenses for the organization totaled $3.5m during the year ending 08/2023. While expenses have increased by 2.4% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE AFFORDABLE AND ACCESSIBLE EDUCATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
INSTRUCTIONAL ACTIVITIES
STUDENT ACTIVITIES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ab Whitfield COO | 40 | $281,240 | |
Janie C Whitney CEO | Trustee | 40 | $16,000 |
Guy Metcalf Member | Trustee | 2 | $0 |
Benjamin A Glascoe Member | Trustee | 2 | $0 |
Bruce Mclean Member | Trustee | 2 | $0 |
Michael Franco Member | Trustee | 2 | $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 | $894,552 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $894,552 |
| Total Program Service Revenue | $1,516,854 |
| Investment income | $2,755 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $10,000 |
| 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 | $2,520,715 |
| 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. | $297,240 |
| Compensation of current officers, directors, key employees. | $29,724 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,525,280 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $113,791 |
| Payroll taxes | $170,727 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $15,551 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $6,344 |
| Information technology | $35,712 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $5,567 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $156,405 |
| Interest | $126,081 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $458,988 |
| Insurance | $62,109 |
| All other expenses | $268,911 |
| Total functional expenses | $3,536,323 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $84,213 |
| Savings and temporary cash investments | $65,575 |
| Pledges and grants receivable | $7,500 |
| Accounts receivable, net | $116,693 |
| 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 | $0 |
| Net Land, buildings, and equipment | $2,510,871 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $147,029 |
| Total assets | $2,931,881 |
| Accounts payable and accrued expenses | $100,848 |
| Grants payable | $0 |
| Deferred revenue | $65,455 |
| Tax-exempt bond liabilities | $51,840 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $3,459,236 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $436,943 |
| Total liabilities | $4,114,322 |
| Net assets without donor restrictions | -$1,182,441 |
| 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 | $2,931,881 |