Studio School
- Assets
- $8.9m
- Revenue
- $3.8m
- Investments
- $0.0
- Employees
- 49
- Location
- New York, NY
- Founding
- 11/1971
- Data as of
- 07/2023
- EIN
- 13-2684082
Organization Overview
Studio School is located in New York, NY. The organization was established in 1971. 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 07/2023, Studio School employed 49 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Studio 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 07/2023, Studio School generated $3.8m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.9% each year. All expenses for the organization totaled $4.1m during the year ending 07/2023. While expenses have increased by 3.0% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO OPERATE A PRIVATE ELEMENTARY SCHOOL ( PRESCHOOL THROUGH 8TH GRADE) FOR THE BENEFIT OF THE LOCAL COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF ELEMENTARY SCHOOL- APPROXIMATELY 120 STUDENTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Janet Rotter Head Of School | OfficerTrustee | 40 | $167,215 |
Susan Mamis President | OfficerTrustee | 5 | $0 |
James Cavoli Treasurer | Trustee | 5 | $0 |
Cynthia Noe Secretary | OfficerTrustee | 5 | $0 |
Ian Patrick Member | Trustee | 5 | $0 |
Lambert Lewis Member | Trustee | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Eisneramper Llp Accounting And Audit Fees | 7/30/19 | $155,552 |
Brynna J Schudrich Ms Ccc-slp Therapist | 7/30/19 | $112,450 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $181,370 |
| Related organizations | $0 |
| Government grants | $57,544 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,789 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $241,703 |
| Total Program Service Revenue | $3,591,485 |
| Investment income | $84 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,833,272 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $167,215 |
| Compensation of current officers, directors, key employees. | $41,804 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,594,981 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $163,762 |
| Payroll taxes | $146,470 |
| Fees for services: Management | $25,128 |
| Fees for services: Legal | $28,000 |
| Fees for services: Accounting | $78,424 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $483,401 |
| Advertising and promotion | $10,304 |
| Office expenses | $110,371 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $85,431 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $575,145 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $341,554 |
| Insurance | $70,348 |
| All other expenses | -$132,146 |
| Total functional expenses | $4,143,104 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $685,126 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $166,751 |
| 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 | $64,060 |
| Net Land, buildings, and equipment | $7,183,369 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $778,990 |
| Total assets | $8,878,296 |
| Accounts payable and accrued expenses | $165,803 |
| Grants payable | $0 |
| Deferred revenue | $1,100,377 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $236,652 |
| Secured mortgages and notes payable | $9,207,909 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $116,200 |
| Total liabilities | $10,826,941 |
| Net assets without donor restrictions | -$1,973,880 |
| Net assets with donor restrictions | $25,235 |
| 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 | $8,878,296 |