Collegiate School Inc
- Assets
- $336.0m
- Revenue
- $47.8m
- Investments
- $41.2m
- Employees
- 252
- Location
- New York, NY
- Founding
- 08/1942
- Data as of
- 06/2022
- EIN
- 13-1634966
Organization Overview
Collegiate School Inc is located in New York, NY. The organization was established in 1942. According to its NTEE Classification (B20) the organization is classified as: Elementary & Secondary Schools, under the broad grouping of Education and related organizations. As of 06/2022, Collegiate School Inc employed 252 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Collegiate 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 06/2022, Collegiate School Inc generated $47.8m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (15.8%) each year. All expenses for the organization totaled $50.6m during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
COLLEGIATE SCHOOL STRIVES TO EDUCATE EACH BOY TO REACH HIS HIGHEST (CONTINUED ON SCHEDULE O)LEVEL OF INTELLECTUAL, ETHICAL, ARTISTIC AND PHYSICAL DEVELOPMENT.
Describe the Organization's Program Activity:
COLLEGIATE SCHOOL PROVIDES A HIGH-QUALITY, RIGOROUS, AND SPIRITED EDUCATION TO BOYS IN GRADES K-12, PREPARING THEM TO SUCCEED AS THEY FURTHER THEIR EDUCATION AND LOOK TO LEAD MEANINGFUL AND IMPACTFUL LIVES BEYOND SCHOOL. COMBINING STRONG ACADEMICS WITH A WELL-ROUNDED PROGRAM OF PERSONAL AND PHYSICAL DEVELOPMENT, COLLEGIATE STUDENTS ARE WELL-PREPARED TO BUILD MEANINGFUL, RESPECTFUL RELATIONSHIPS AND PROVIDE LEADERSHIP IN THE WORLD AROUND THEM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jonathan K Youngwood President | OfficerTrustee | 2 | $0 |
Kathryn Quadracci Flores Vice President | OfficerTrustee | 2 | $0 |
John Vaughn Vice President | OfficerTrustee | 2 | $0 |
Karin Demasi Secretary, Vice President | OfficerTrustee | 2 | $0 |
Timothy Rattray Treasurer | OfficerTrustee | 2 | $0 |
Victor Amoo Trustee | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Morvillo Abramovitz Grand Iason And A Law Firm | 6/29/22 | $154,924 |
Carney Sandoe & Associates Recruitment Services | 6/29/22 | $300,897 |
Mccormack Contracting Construction | 6/29/22 | $310,468 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $477,512 |
| Related organizations | $0 |
| Government grants | $486,994 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,252,958 |
| Noncash contributions included in lines 1a–1f | $539,417 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,217,464 |
| Total Program Service Revenue | $39,064,134 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $218,655 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,219,613 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $47,750,769 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $5,123,796 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,387,261 |
| Compensation of current officers, directors, key employees. | $1,387,261 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $20,123,678 |
| Pension plan accruals and contributions | $1,806,533 |
| Other employee benefits | $3,067,217 |
| Payroll taxes | $1,497,990 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $243,968 |
| Fees for services: Accounting | $75,822 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $729,084 |
| Fees for services: Other | $1,857,077 |
| Advertising and promotion | $0 |
| Office expenses | $2,267,906 |
| Information technology | $306,562 |
| Royalties | $0 |
| Occupancy | $442,758 |
| Travel | $647,245 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,191,872 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,928,876 |
| Insurance | $401,911 |
| All other expenses | $0 |
| Total functional expenses | $50,626,357 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $27,156,446 |
| Savings and temporary cash investments | $7,871,732 |
| Pledges and grants receivable | $2,505,341 |
| Accounts receivable, net | $535,351 |
| 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 | $1,994,161 |
| Net Land, buildings, and equipment | $225,000,066 |
| Investments—publicly traded securities | $29,691,877 |
| Investments—other securities | $41,211,143 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $335,966,117 |
| Accounts payable and accrued expenses | $9,075,472 |
| Grants payable | $0 |
| Deferred revenue | $22,718,363 |
| Tax-exempt bond liabilities | $38,706,525 |
| 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 | $70,500,360 |
| Net assets without donor restrictions | $234,035,940 |
| Net assets with donor restrictions | $31,429,817 |
| 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 | $335,966,117 |