Hackley School
- Assets
- $243.4m
- Revenue
- $66.4m
- Investments
- $3.3m
- Employees
- 340
- Location
- Tarrytown, NY
- Founding
- 12/1941
- Data as of
- 06/2020
- EIN
- 13-1740452
Organization Overview
Hackley School is located in Tarrytown, NY. The organization was established in 1941. According to its NTEE Classification (E20) the organization is classified as: Hospitals, under the broad grouping of Health Care and related organizations. As of 06/2021, Hackley School employed 340 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hackley 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 06/2020, Hackley School generated $66.4m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 7.0% each year. All expenses for the organization totaled $48.2m during the year ending 06/2020. While expenses have increased by 2.1% 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
THE SCHOOL IS AN INDEPENDENT, COLLEGE PREPARATORY SCHOOL (K THROUGH 12) FOR BOYS AND GIRLS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
INSTRUCTION AND RELATED COSTS - INCLUDES ALL COSTS ASSOCIATED WITH INSTRUCTION OF 855 STUDENTS. THE SCHOOL OFFERS FINANCIAL AID GRANTS TO QUALIFIED STUDENTS BASED ON DEMONSTRATED NEED.
AUXILIARY ACTIVITIES INCLUDES SERVICES INDIRECTLY RELATED TO INSTRUCTION SUCH AS STUDENT ACTIVITIES EXPENSES, MUSIC INSTITUTE, DRIVERS EDUCATION, ETC., AS WELL AS SUMMER PROGRAMS AND FACILITIES RENTAL ACTIVITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Wirtz Head Of School | Officer | 50 | $393,822 |
Peter Mcandrew Director Of Finance | Officer | 40 | $355,477 |
Philip J Variano Associate Head Of School | Officer | 40 | $214,278 |
Teresa Weber Director Of Advancement | 40 | $213,813 | |
John P Gannon Director Of Development | 40 | $206,398 | |
Andrew M King Director Of Upper School | 40 | $183,653 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Vp Buses Llc Transportation | 6/29/21 | $297,496 |
Pelli Architects Inc Architect | 6/29/21 | $1,119,539 |
Lucadamo And Son Inc Construction And Repair | 6/29/21 | $250,685 |
Recycled Paper Printing Inc Printing | 6/29/21 | $172,184 |
Dp Wolff Inc Hvac Contractor | 6/29/21 | $142,076 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $15,981,521 |
| Investment income | $1,630,199 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $481,583 |
| Net Gain/Loss on Asset Sales | $8,540,707 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$2,637 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $66,402,652 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $7,487,969 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,078,961 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $19,500,007 |
| Pension plan accruals and contributions | $2,017,787 |
| Other employee benefits | $3,126,944 |
| Payroll taxes | $1,694,820 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $220,298 |
| Fees for services: Accounting | $83,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $268,640 |
| Fees for services: Other | $252,880 |
| Advertising and promotion | $0 |
| Office expenses | $922,714 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $95,336 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,919,823 |
| Insurance | $347,426 |
| All other expenses | $0 |
| Total functional expenses | $48,248,542 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $516 |
| Savings and temporary cash investments | $8,631,503 |
| Pledges and grants receivable | $2,180,470 |
| Accounts receivable, net | $1,219,443 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $69,766 |
| Inventories for sale or use | $21,844 |
| Prepaid expenses and deferred charges | $488,242 |
| Investments—publicly traded securities | $95,064,855 |
| Investments—other securities | $3,326,461 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $272,488 |
| Total assets | $243,396,766 |
| Accounts payable and accrued expenses | $3,793,616 |
| Grants payable | $0 |
| Deferred revenue | $16,597,320 |
| Tax-exempt bond liabilities | $2,855,000 |
| 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 | $5,942,986 |
| Total liabilities | $29,188,922 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $214,207,844 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Hackley School has recieved totaling $6,000.
| Awarding Organization | Amount |
|---|---|
Kevah And Michele Konner Family Foundation Inc Wilmington, DE PURPOSE: HACKLEY LEGACY CAMPAIGN ENDOWMENT | $6,000 |
Endowment Analysis
| Beg. Balance | $45,987,330 |
| Earnings | $10,922,851 |
| Net Contributions | $4,008,133 |
| Other Expense | $491,566 |
| Grants | $1,467,716 |
| Ending Balance | $58,959,032 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Kennedy Medical Group Practice Pc Philadelphia, PA | $26,969,347 | $86,553,116 |
Somerville Hospital Malden, MA | $0 | $117,584,400 |
The Winifred Masterson Burke Rehabilitation Hospital White Plains, NY | $156,280,492 | $126,645,002 |
Cayuga Medical Associates Pc Ithaca, NY | $9,424,563 | $97,237,418 |
Medical Care Of Queens Pc Westbury, NY | $21,678,110 | $91,754,608 |
Riverside Community Care Inc Dedham, MA | $58,699,955 | $95,150,404 |
South Nassau Communites Hospital Oceanside, NY | $45,244,502 | $90,458,185 |
University Associates In Obstetrics & Gynecology P C Stony Brook, NY | $4,022,809 | $92,008,924 |
Lansdale Hospital Corporation Philadelphia, PA | $118,782,956 | $101,956,117 |
Westchester Health Medical Pc Westbury, NY | $26,909,482 | $67,514,001 |
Montefiore Mount Vernon Hospital Mount Vernon, NY | $45,245,660 | $78,648,978 |
Mountain View Cancer Associates Inc Pittsburgh, PA | $24,272,859 | $68,382,777 |