Calhoun School Inc
- Assets
- $66.6m
- Revenue
- $39.6m
- Investments
- $0.0
- Employees
- 264
- Location
- New York, NY
- Founding
- 02/1941
- Data as of
- 06/2021
- EIN
- 13-1623919
Organization Overview
Calhoun School Inc is located in New York, NY. The organization was established in 1941. 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 06/2021, Calhoun School Inc employed 264 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Calhoun School 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 06/2021, Calhoun School Inc generated $39.6m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 0.5% each year. All expenses for the organization totaled $40.6m during the year ending 06/2021. While expenses have increased by 1.5% per year over the past 6 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
THE CALHOUN SCHOOL IS A PROGRESSIVE, INDEPENDENT, COEDUCATIONAL (CONTINUED IN SCHEDULE O)COLLEGE PREPARATORY SCHOOL WITH STUDENTS RANGING FROM THREE-YEAR-OLDS TO TWELFTH GRADERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CALHOUN'S GOAL IS TO INSPIRE A PASSION FOR LEARNING THROUGH A PROGRESSIVE APPROACH TO EDUCATION THAT VALUES INTELLECTUAL PURSUIT, CREATIVITY, DIVERSITY, AND COMMUNITY INVOLVEMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steven Solnick Head Of School | Officer | 40 | $778,149 |
Brendan Doyle Director Of Finance | Officer | 40 | $219,941 |
Eric Osorio Associate Head Of School | Officer | 40 | $209,469 |
Lawrence Mitchell Dir. Of Development | Officer | 40 | $203,713 |
Alison Rothschild Director Of Lower School | 40 | $199,109 | |
Jonathan Haff Dir. Of Tech And Bldg Ops | 40 | $185,169 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ralph W Plotke Inc Roofing | 6/29/21 | $128,011 |
Emerald Services Inc Maintenance | 6/29/21 | $1,170,039 |
Active Internet Technologies Llc It Service | 6/29/21 | $156,600 |
Summit Security Services Inc Security | 6/29/21 | $132,920 |
Eisneramper Llp Accounting Service | 6/29/21 | $104,382 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $649,280 |
| Related organizations | $0 |
| Government grants | $3,878,462 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,786,979 |
| Noncash contributions included in lines 1a–1f | $390,679 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,314,721 |
| Total Program Service Revenue | $32,830,503 |
| Investment income | $346,013 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $70,090 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $39,561,327 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $9,112,660 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,565,472 |
| Compensation of current officers, directors, key employees. | $559,565 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $16,367,621 |
| Pension plan accruals and contributions | $906,585 |
| Other employee benefits | $2,146,589 |
| Payroll taxes | $1,239,949 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $24,071 |
| Fees for services: Accounting | $107,382 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $46,871 |
| Fees for services: Other | $771,597 |
| Advertising and promotion | $0 |
| Office expenses | $2,472,860 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $2,620,487 |
| Travel | $97,809 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $894,909 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,662,901 |
| Insurance | $263,292 |
| All other expenses | $312,907 |
| Total functional expenses | $40,613,962 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,214,076 |
| Savings and temporary cash investments | $5,254,305 |
| Pledges and grants receivable | $1,459,782 |
| Accounts receivable, net | $358,580 |
| 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 | $478,330 |
| Net Land, buildings, and equipment | $37,867,034 |
| Investments—publicly traded securities | $18,924,560 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $66,556,667 |
| Accounts payable and accrued expenses | $2,261,120 |
| Grants payable | $0 |
| Deferred revenue | $9,161,939 |
| Tax-exempt bond liabilities | $27,865,511 |
| 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 | $0 |
| Total liabilities | $39,288,570 |
| Net assets without donor restrictions | $8,584,664 |
| Net assets with donor restrictions | $18,683,433 |
| 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 | $66,556,667 |
Grants Recieved
Over the last fiscal year, we have identified 15 grants that Calhoun School Inc has recieved totaling $496,816.
| Awarding Organization | Amount |
|---|---|
Beir Foundation New York, NY PURPOSE: THE CALHOUN ENDOWMENT | $300,000 |
Beir Foundation New York, NY PURPOSE: THE CALHOUNIVERSE PRESENTS: OUR SUPERHEROES BENEFIT TRIBUTE | $50,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $41,000 |
Beir Foundation New York, NY PURPOSE: THE 2021-2022 CALHOUN ANNUAL FUND | $25,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $16,074 |
Charities Aid Foundation America Alexandria, VA PURPOSE: CHARITABLE DONATION | $14,986 |
Endowment Analysis
| Beg. Balance | $15,195,695 |
| Earnings | $3,575,831 |
| Net Contributions | $407,738 |
| Other Expense | $522,815 |
| Ending Balance | $18,656,449 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Archway Charter School Of Chester Inc Chester, PA | $43,430,171 | $101,905,393 |
Democracy Prep New York Charter Schools Bronx, NY | $67,527,043 | $86,404,779 |
Greenwich Country Day School Inc Greenwich, CT | $332,908,976 | $95,548,707 |
Grace Church School New York, NY | $124,238,513 | $52,477,666 |
Dexter Southfield Inc Brookline, MA | $119,216,504 | $58,438,330 |
Haverford School Haverford, PA | $200,207,536 | $63,658,264 |
Calhoun School Inc New York, NY | $66,556,667 | $39,561,327 |
Marion P Thomas Charter School Inc Newark, NJ | $17,560,259 | $37,041,604 |
Saint Davids School New York, NY | $170,289,488 | $33,366,978 |
Trustees Of Newark Academy Livingston, NJ | $113,328,907 | $35,913,632 |
Philadelphia Independent Mission Schools Philadelphia, PA | $39,191,945 | $38,175,969 |
Hewitt School New York, NY | $78,957,035 | $33,976,072 |