Washington Market School
- Assets
- $43.1m
- Revenue
- $9.1m
- Investments
- $0.0
- Employees
- 70
- Location
- New York, NY
- Founding
- 12/1984
- Data as of
- 08/2023
- 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 08/2023, Washington Market School employed 70 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 08/2023, Washington Market School generated $9.1m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.0% each year. All expenses for the organization totaled $9.3m during the year ending 08/2023. While expenses have increased by 4.2% 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
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 230 CHILDREN ARE ENROLLED
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ronnie Moskowitz Head Of School / Trustee | OfficerTrustee | 35 | $530,184 |
Swati Alagh Vice Chair | OfficerTrustee | 2 | $0 |
John Berton Treasurer | OfficerTrustee | 2 | $0 |
Vincent Hanley Trustee | Trustee | 2 | $0 |
Lisa Hofer Chair | OfficerTrustee | 4 | $0 |
John Howard Secretary | OfficerTrustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Dan & Jason Co Web Design And Development | 8/30/21 | $104,999 |
Coronel Day Night Janitorial / Cleaning Services | 8/30/21 | $114,132 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $197,816 |
| Related organizations | $0 |
| Government grants | $66,635 |
| All other contributions, gifts, grants, and similar amounts not included above | $438,923 |
| Noncash contributions included in lines 1a–1f | $32,667 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $703,374 |
| Total Program Service Revenue | $7,836,471 |
| Investment income | $675,245 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$36,765 |
| Net Income from Fundraising Events | -$31,368 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $9,146,957 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $152,011 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,118,072 |
| Compensation of current officers, directors, key employees. | $1,118,072 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,762,204 |
| Pension plan accruals and contributions | $138,952 |
| Other employee benefits | $532,500 |
| Payroll taxes | $427,389 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $100,830 |
| Fees for services: Accounting | $21,020 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $93,426 |
| Fees for services: Other | $318,317 |
| Advertising and promotion | $0 |
| Office expenses | $90,796 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,228,759 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $86,957 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $219,927 |
| Insurance | $89,945 |
| All other expenses | $106,845 |
| Total functional expenses | $9,299,609 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,007,140 |
| 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 | $127,684 |
| Net Land, buildings, and equipment | $819,008 |
| Investments—publicly traded securities | $26,382,211 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $11,783,547 |
| Total assets | $43,119,590 |
| Accounts payable and accrued expenses | $385,286 |
| Grants payable | $0 |
| Deferred revenue | $7,281,167 |
| 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 | $11,022,373 |
| Total liabilities | $18,688,826 |
| Net assets without donor restrictions | $23,704,698 |
| Net assets with donor restrictions | $726,066 |
| 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 | $43,119,590 |