Chapin School Ltd
- Assets
- $363.1m
- Revenue
- $54.4m
- Investments
- $15.3m
- Employees
- 294
- Location
- New York, NY
- Founding
- 04/1938
- Data as of
- 06/2020
- EIN
- 13-1635257
Organization Overview
Chapin School Ltd is located in New York, NY. The organization was established in 1938. 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 06/2020, Chapin School Ltd employed 294 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations.
For the year ending 06/2020, Chapin School Ltd generated $54.4m in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of (1.3%) each year. All expenses for the organization totaled $49.1m during the year ending 06/2020. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
THE CHAPIN SCHOOL IS AN INDEPENDENT DAY SCHOOL FOR YOUNG WOMEN IN GRADES K-12. CHAPIN'S COMMITTED TO PREPARING YOUNG WOMEN TO THRIVE/LEAD THROUGH THE PURSUIT OF ACADEMIC EXCELLENCE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE SCHOOL MEETS THE EDUCATIONAL NEEDS OF 802 STUDENTS FROM KINDERGARTEN THROUGH 12TH GRADE, WITH AN INSTRUCTIONAL STAFF OF 118 AND THE ADDITIONAL SUPPORT OF 52 EMPLOYEES. GRANTS ARE GIVEN BY THE SCHOOL IN THE FORM OF FINANCIAL AID TO ELIGIBLE STUDENTS. DURING THE SCHOOL YEAR ENDED JUNE 30 2020, 155 ELIGIBLE STUDENTS WERE AWARDED SUCH SCHOLARSHIPS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Patricia Hayot Head Of School (through 6/30) | OfficerTrustee | 40 | $898,033 |
Marc Bogursky Chief Financial Officer | Officer | 40 | $328,150 |
Natasha Brown Director Of Advancement | 40 | $266,890 | |
Mary Jo Quigley Associate Head Of School | 40 | $247,041 | |
Mary Rafferty Head Of Middle School | 40 | $243,349 | |
Michael Maloy Head Of Upper School | 40 | $219,753 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Jrm Construction Managemnt Llc Construction | 6/29/20 | $28,748,574 |
Abm Industries Inc Architects | 6/29/20 | $1,561,490 |
Site Safety Llc Architects | 6/29/20 | $826,437 |
Nk Architects Architects | 6/29/20 | $801,747 |
Aramark Corporation Food Services | 6/29/20 | $1,714,612 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $587,552 |
| All other contributions, gifts, grants, and similar amounts not included above | $11,033,974 |
| Noncash contributions included in lines 1a–1f | $1,350,723 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $11,621,526 |
| Total Program Service Revenue | $42,004,557 |
| Investment income | $568,541 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $1,350 |
| Net Gain/Loss on Asset Sales | $16,343 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $54,418,538 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $6,233,642 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,453,383 |
| Compensation of current officers, directors, key employees. | $666,449 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $19,114,263 |
| Pension plan accruals and contributions | $1,685,380 |
| Other employee benefits | $2,393,573 |
| Payroll taxes | $1,391,688 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $199,490 |
| Fees for services: Accounting | $75,390 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $100,326 |
| Fees for services: Other | $647,260 |
| Advertising and promotion | $0 |
| Office expenses | $1,333,301 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $665,729 |
| Travel | $2,479 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $283,468 |
| Interest | $1,645,244 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,371,823 |
| Insurance | $430,231 |
| All other expenses | $348,674 |
| Total functional expenses | $49,145,121 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,448,242 |
| Savings and temporary cash investments | $41,445,084 |
| Pledges and grants receivable | $9,100,601 |
| Accounts receivable, net | $705,399 |
| Loans from Officers, Directors, or Controlling Persons | $500,000 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $54,057 |
| Net Land, buildings, and equipment | $240,339,077 |
| Investments—publicly traded securities | $50,405,755 |
| Investments—other securities | $15,290,904 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,801,945 |
| Total assets | $363,091,064 |
| Accounts payable and accrued expenses | $11,938,766 |
| Grants payable | $0 |
| Deferred revenue | $6,978,196 |
| Tax-exempt bond liabilities | $89,774,539 |
| 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 | $2,169,051 |
| Total liabilities | $110,860,552 |
| Net assets without donor restrictions | $225,441,509 |
| Net assets with donor restrictions | $26,789,003 |
| 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 | $363,091,064 |
Grants Recieved
Over the last fiscal year, we have identified 11 grants that Chapin School Ltd has recieved totaling $1,999,507.
| Awarding Organization | Amount |
|---|---|
Jewish Communal Fund New York, NY PURPOSE: General support | $1,364,500 |
Conard-Davis Family Foundation New York, NY PURPOSE: EDUCATION/GENERAL SUPPORT | $516,667 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $78,840 |
Russell Colgate Fund Inc Wilmington, DE PURPOSE: GENERAL PURPOSES | $20,000 |
Raymond James Charitable Endowment Fund St Petersburg, FL PURPOSE: GENERAL USE AND/OR SPECIAL FUND/PROJECT | $12,500 |
John Bickford Foundation Parsippany, NJ PURPOSE: GENERAL SUPPORT | $2,500 |
Endowment Analysis
| Beg. Balance | $113,136,873 |
| Earnings | $3,710,589 |
| Net Contributions | $921,322 |
| Other Expense | $18,573,606 |
| Ending Balance | $99,195,178 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Horace Mann School Bronx, NY | $411,987,049 | $114,795,176 |
Ethical Culture Fieldston School New York, NY | $252,651,487 | $107,394,843 |
Dalton Schools Inc New York, NY | $250,410,973 | $90,558,973 |
Milton Academy Milton, MA | $434,577,806 | $105,691,036 |
Riverdale Country School Inc Bronx, NY | $230,702,058 | $78,624,155 |
Trinity Episcopal Schools Corporation New York, NY | $253,578,391 | $77,991,714 |
United Nations International School New York, NY | $81,345,653 | $72,296,772 |
Columbia Grammar & Preparatory School New York, NY | $120,104,849 | $76,760,684 |
Pingry Corporation Basking Ridge, NJ | $191,409,140 | $59,246,013 |
Saint Anns School Brooklyn, NY | $150,634,003 | $65,605,468 |
Poly Prep Country Day School Brooklyn, NY | $119,755,317 | $66,907,657 |
Brunswick School Inc Greenwich, CT | $379,344,850 | $68,637,651 |