Dalton Schools Inc
- Assets
- $268.2m
- Revenue
- $87.2m
- Investments
- $49.5m
- Employees
- 567
- Location
- New York, NY
- Founding
- 11/1973
- Data as of
- 06/2021
- EIN
- 13-2751872
Organization Overview
Dalton Schools Inc is located in New York, NY. The organization was established in 1973. 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 06/2021, Dalton Schools Inc employed 567 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Dalton Schools 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 06/2021, Dalton Schools Inc generated $87.2m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (2.0%) each year. All expenses for the organization totaled $95.9m during the year ending 06/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE SCHOOL IS COMMITTED TO PROVIDING AN EDUCATION OF EXCELLENCE THAT MEETS EACH STUDENT'S INTERESTS, ABILITIES AND NEEDS WITHIN A COMMON CURRICULAR FRAMEWORK.
Describe the Organization's Program Activity:
EDUCATIONAL INSTRUCTION FOR APPROXIMATELY 1,300 STUDENTS IN VARIOUS CLASSES FROM KINDERGARTEN THROUGH TWELFTH GRADE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Best Head Of School | OfficerTrustee | 40 | $951,660 |
Michael Hwang Chief Financial Officer | Officer | 40 | $480,542 |
Elise Rodriguez Director Of College Counseling | 40 | $335,501 | |
Marsha Yuan Director Of Finance | 40 | $335,154 | |
Edward Frischling Director Of Athletics | 40 | $314,211 | |
Celeste Herrera Director Of High School | Officer | 40 | $312,022 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Venable Llp Legal Services | 6/29/21 | $130,574 |
Schulte Roth Zabel Llp Legal Services | 6/29/21 | $252,726 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $351,347 |
| Related organizations | $0 |
| Government grants | $2,064,486 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,954,547 |
| Noncash contributions included in lines 1a–1f | $360,388 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,370,380 |
| Total Program Service Revenue | $72,923,753 |
| Investment income | $1,466,806 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,958,127 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $87,154,384 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $12,159,542 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $2,439,613 |
| Compensation of current officers, directors, key employees. | $1,248,360 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $40,058,690 |
| Pension plan accruals and contributions | $4,286,827 |
| Other employee benefits | $7,534,768 |
| Payroll taxes | $2,649,237 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $789,210 |
| Fees for services: Accounting | $72,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $124,416 |
| Fees for services: Other | $1,892,759 |
| Advertising and promotion | $0 |
| Office expenses | $2,235,340 |
| Information technology | $817,190 |
| Royalties | $0 |
| Occupancy | $2,129,559 |
| Travel | $1,397,318 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $502,756 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,199,487 |
| Insurance | $492,569 |
| All other expenses | $2,002,144 |
| Total functional expenses | $95,937,721 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $17,975,914 |
| Savings and temporary cash investments | $10,019,454 |
| Pledges and grants receivable | $9,124,715 |
| Accounts receivable, net | $740,302 |
| 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 | $825,040 |
| Net Land, buildings, and equipment | $100,280,896 |
| Investments—publicly traded securities | $79,162,431 |
| Investments—other securities | $49,510,014 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $545,252 |
| Total assets | $268,184,018 |
| Accounts payable and accrued expenses | $13,205,005 |
| Grants payable | $0 |
| Deferred revenue | $20,035,512 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $14,515,756 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $47,756,273 |
| Net assets without donor restrictions | $106,377,100 |
| Net assets with donor restrictions | $114,050,645 |
| 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 | $268,184,018 |
Grants Recieved
Over the last fiscal year, we have identified 30 grants that Dalton Schools Inc has recieved totaling $819,282.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $149,850 |
Goldman Sachs Philanthropy Fund New York, NY PURPOSE: EDUCATION | $124,500 |
Ayco Charitable Foundation Cohoes, NY PURPOSE: EDUCATION | $85,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $71,612 |
Jewish Communal Fund New York, NY PURPOSE: GENERAL SUPPORT | $65,430 |
Goldman Sachs Charitable Gift Fund New York, NY PURPOSE: SCHOLARSHIPS & FINANCIAL AID | $65,000 |
Endowment Analysis
| Beg. Balance | $110,683,129 |
| Earnings | $28,609,962 |
| Net Contributions | $4,534,514 |
| Other Expense | $5,135,706 |
| Ending Balance | $138,691,899 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Milton Hershey School & School Trust Hershey, PA | $17,395,898,597 | $461,991,595 |
Horace Mann School Bronx, NY | $475,824,158 | $137,244,948 |
Ethical Culture Fieldston School New York, NY | $252,651,487 | $107,394,843 |
Dalton Schools Inc New York, NY | $268,184,018 | $87,154,384 |
Milton Academy Milton, MA | $512,730,465 | $105,004,685 |
Riverdale Country School Inc Bronx, NY | $247,467,239 | $82,826,277 |
Trinity Episcopal Schools Corporation New York, NY | $265,614,292 | $76,873,691 |
United Nations International School New York, NY | $95,948,249 | $80,239,931 |
Columbia Grammar & Preparatory School New York, NY | $126,207,367 | $82,489,526 |
Poly Prep Country Day School Brooklyn, NY | $174,200,532 | $76,376,518 |
Saint Anns School Brooklyn, NY | $162,069,731 | $73,475,158 |
Pingry Corporation Basking Ridge, NJ | $215,792,985 | $70,756,009 |