Professional Childrens School Inc
- Assets
- $19.2m
- Revenue
- $7.2m
- Investments
- $0.0
- Employees
- 49
- Location
- New York, NY
- Founding
- 10/1934
- Data as of
- 06/2023
- EIN
- 13-1635277
Organization Overview
Professional Childrens School Inc is located in New York, NY. The organization was established in 1934. According to its NTEE Classification (A6E) the organization is classified as: Performing Arts Schools, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2023, Professional Childrens School Inc employed 49 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Professional Childrens 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 06/2023, Professional Childrens School Inc generated $7.2m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (3.4%) each year. All expenses for the organization totaled $9.3m during the year ending 06/2023. 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 A CHALLENGING AND ENGAGING COLLEGE PREPARATORY PROGRAM FOR BUSY ARTISTS, ATHLETES AND OTHER YOUNG PEOPLE WHO ARE SERIOUS ABOUT THEIR STUDIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROFESSIONAL CHILDREN'S SCHOOL IS AN INDEPENDENT COEDUCATIONAL DAY SCHOOL FOR STUDENTS IN GRADES 6 THROUGH 12 WHO ARE PREPARING FOR OR ARE ALREADY PURSUING CAREERS IN THE PERFORMING ARTS, ENTERTAINMENT OR COMPETITIVE SPORTS, OR WHO ARE DRAWN TO A CREATIVE ENVIRONMENT SUPPORTIVE OF THE ARTS. THE SCHOOL ENROLLS APPROXIMATELY 110 STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Dawson Head Of School | OfficerTrustee | 40 | $438,426 |
Melanie Harris Chair | OfficerTrustee | 1 | $0 |
Stephanie J Hull Treasurer | OfficerTrustee | 1 | $0 |
Diane Kenney Secretary | OfficerTrustee | 1 | $0 |
Lee Dieck Chair Emeritus Thru 06/23 | OfficerTrustee | 0.1 | $0 |
Amanda Bhalla Trustee | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $150,500 |
| Related organizations | $0 |
| Government grants | $138,694 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,241,585 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,530,779 |
| Total Program Service Revenue | $5,733,993 |
| Investment income | $240,814 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $28,096 |
| Net Gain/Loss on Asset Sales | -$344,340 |
| Net Income from Fundraising Events | -$17,365 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,173,656 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,291,916 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $744,225 |
| Compensation of current officers, directors, key employees. | $545,756 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,016,868 |
| Pension plan accruals and contributions | $207,324 |
| Other employee benefits | $642,005 |
| Payroll taxes | $356,615 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,330 |
| Fees for services: Accounting | $39,125 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $38,733 |
| Fees for services: Other | $30,443 |
| Advertising and promotion | $23,254 |
| Office expenses | $87,855 |
| Information technology | $137,896 |
| Royalties | $0 |
| Occupancy | $519,779 |
| Travel | $7,241 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $539,773 |
| Insurance | $60,024 |
| All other expenses | $2,270 |
| Total functional expenses | $9,333,416 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $487,693 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $813,000 |
| Accounts receivable, net | $20,615 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $47,802 |
| Prepaid expenses and deferred charges | $43,946 |
| Net Land, buildings, and equipment | $9,272,642 |
| Investments—publicly traded securities | $8,134,453 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $346,753 |
| Total assets | $19,166,904 |
| Accounts payable and accrued expenses | $578,457 |
| Grants payable | $0 |
| Deferred revenue | $576,725 |
| Tax-exempt bond liabilities | $4,887,299 |
| 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 | $156,538 |
| Total liabilities | $6,199,019 |
| Net assets without donor restrictions | $8,703,124 |
| Net assets with donor restrictions | $4,264,761 |
| 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 | $19,166,904 |