Washington Market School
- Assets
- $36.0m
- Revenue
- $10.1m
- Investments
- $0.0
- Employees
- 82
- Location
- New York, NY
- Founding
- 12/1984
- Data as of
- 08/2021
- EIN
- 13-3134024
Organization Overview
Washington Market School is located in New York, NY. The organization was established in 1984. According to its NTEE Classification (B21) the organization is classified as: Preschools, under the broad grouping of Education and related organizations. As of 08/2021, Washington Market School employed 82 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Washington Market 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 08/2021, Washington Market School generated $10.1m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.0% each year. All expenses for the organization totaled $9.1m during the year ending 08/2021. While expenses have increased by 5.3% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
EDUCATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE WASHINGTON MARKET SCHOOL, INC., A SECTION 501(C) (3) ORGANIZATION, OPERATES A NURSERY SCHOOL IN WHICH APPROXIMATELY 183 CHILDREN ARE ENROLLED
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ronnie Moskowitz Head Of School / Trustee | OfficerTrustee | 35 | $700,010 |
Michael Saich Director Of Finance | Officer | 35 | $187,307 |
Heather Burchyns Site Director | Officer | 35 | $166,396 |
Rachael Macchiesi Director Of Enrollment And | 35 | $119,054 | |
Maria Hargens Site Director | 35 | $118,551 | |
Ajanta Vora Site Director | 35 | $111,681 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Coronel Day Night Janitorial / Cleaning Services | 8/30/21 | $114,132 |
Dan & Jason Co Web Design And Development | 8/30/21 | $104,999 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $237,614 |
| Related organizations | $0 |
| Government grants | $2,350,560 |
| All other contributions, gifts, grants, and similar amounts not included above | $638,751 |
| Noncash contributions included in lines 1a–1f | $47,592 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,226,925 |
| Total Program Service Revenue | $5,935,980 |
| Investment income | $514,348 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $406,080 |
| Net Income from Fundraising Events | $10,945 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $10,094,278 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $289,090 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,385,427 |
| Compensation of current officers, directors, key employees. | $1,356,856 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,576,489 |
| Pension plan accruals and contributions | $104,921 |
| Other employee benefits | $444,188 |
| Payroll taxes | $376,239 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $18,566 |
| Fees for services: Accounting | $60,220 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $97,210 |
| Fees for services: Other | $440,539 |
| Advertising and promotion | $0 |
| Office expenses | $125,418 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $981,919 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $119,332 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $233,505 |
| Insurance | $89,909 |
| All other expenses | $84,880 |
| Total functional expenses | $9,085,632 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,513,345 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $120,103 |
| Net Land, buildings, and equipment | $1,137,448 |
| Investments—publicly traded securities | $28,555,676 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,675,018 |
| Total assets | $36,001,590 |
| Accounts payable and accrued expenses | $259,125 |
| Grants payable | $0 |
| Deferred revenue | $7,048,688 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,060,250 |
| Total liabilities | $8,368,063 |
| Net assets without donor restrictions | $26,812,473 |
| Net assets with donor restrictions | $821,054 |
| 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 | $36,001,590 |
Grants Recieved
Over the last fiscal year, we have identified 9 grants that Washington Market School has recieved totaling $316,042.
| Awarding Organization | Amount |
|---|---|
Frontstream Global Fund Alexandria, VA PURPOSE: Use by the organization's general fund | $188,280 |
Goldman Sachs Charitable Gift Fund New York, NY PURPOSE: SCHOLARSHIPS & FINANCIAL AID | $75,000 |
Goldman Sachs Charitable Gift Fund New York, NY PURPOSE: COMMUNITY OUTREACH & ENRICHMENT PROGRAMS | $20,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $11,569 |
Charities Aid Foundation America Alexandria, VA PURPOSE: CHARITABLE DONATION | $8,443 |
Michele And Thomas Graham Kahn Foundation Inc New York, NY PURPOSE: GENERAL CHARITABLE PURPOSES | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Jumpstart For Young Children Inc Boston, MA | $20,704,200 | $25,715,901 |
Holyoke Chicopee Springfield Head Start Inc Springfield, MA | $4,876,659 | $18,197,572 |
Belmont Day School Inc Belmont, MA | $53,871,739 | $17,214,948 |
Ocean Community Economic Action Now Inc Toms River, NJ | $23,267,325 | $17,288,435 |
The Kingsley Montessori School Inc Boston, MA | $12,852,129 | $12,365,430 |
Waldorf School Of Garden City Garden City, NY | $13,682,215 | $13,601,476 |
Nashoba Brooks School Of Concord Concord, MA | $34,636,415 | $10,867,224 |
Chestnut Hill School Chestnut Hill, MA | $33,385,087 | $15,409,802 |
Montessori Association Of New York New York, NY | $10,174,836 | $11,317,799 |
West Side Montessori School New York, NY | $34,513,067 | $10,367,667 |
Crossroads Continuum Inc Hudson, MA | $10,592,948 | $12,454,903 |
Kipp Philadelphia Charter School Philadelphia, PA | $30,756,682 | $16,805,323 |