Ps 87 Pa Inc
- Assets
- $1.0m
- Revenue
- $280.4k
- Investments
- $0.0
- Employees
- 58
- Location
- New York, NY
- Founding
- 08/1987
- Data as of
- 06/2021
- EIN
- 13-3343008
Organization Overview
Ps 87 Pa Inc is located in New York, NY. The organization was established in 1987. According to its NTEE Classification (B94) the organization is classified as: Parent & Teacher Groups, under the broad grouping of Education and related organizations. As of 06/2021, Ps 87 PA Inc employed 58 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ps 87 PA 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, Ps 87 PA Inc generated $280.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (26.6%) each year. All expenses for the organization totaled $537.2k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (17.8%) per year over the past 6 years. 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
THE PS 87 PARENTS ASSOCIATION SUPPORTS AND ASSISTS THE ADMINISTRATION AND FACULTY IN THE DEVELOPMENT AND IMPLEMENTATION OF THE SCHOOL'S PHILOSOPHY, POLICIES AND PRACTICES, INCLUDING THE SCHOOL'S MISSION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PS 87 PARENTS ASSOCIATION SUPPORTS AND ASSISTS THE ADMINISTRATION AND FACULTY IN THE DEVELOPMENT AND IMPLEMENTATION OF THE SCHOOLS PHILOSOPHY, POLICIES AND PRACTICES, INCLUDING THE SCHOOLS MISSION: TO BUILD A STIMULATING ENVIRONMENT IN WHICH EVERY STUDENT CAN EXPERIENCE SUCCESS AND ENJOY LEARNING; TO ADVOCATE FOR A QUALITY PUBLIC EDUCATION; TO PROVIDE A FORUM FOR THE EXPRESSION AND ADVOCACY OF PARENTS CONCERNS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Wilson Cano Executive Dir. | Officer | 40 | $85,287 |
Rita Kakati-Shah Co-President | OfficerTrustee | 1 | $0 |
Kim Hausmann Co-Treasurer | OfficerTrustee | 1 | $0 |
Stacey Shapiro Co-Treasurer | OfficerTrustee | 1 | $0 |
Carrie Weinrib Co-Secretary | OfficerTrustee | 1 | $0 |
Megan Hoffman Programming VP | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $50,336 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $216,872 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $267,208 |
| Total Program Service Revenue | $10,352 |
| Investment income | $2,801 |
| 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 | $280,361 |
| 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. | $69,159 |
| Compensation of current officers, directors, key employees. | $69,159 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $83,400 |
| Pension plan accruals and contributions | $1,223 |
| Other employee benefits | $66,196 |
| Payroll taxes | $7,117 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $8,173 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $36,434 |
| Advertising and promotion | $0 |
| Office expenses | $12,034 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $2,292 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $12,424 |
| All other expenses | $794 |
| Total functional expenses | $537,173 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $255,252 |
| Savings and temporary cash investments | $612,807 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $13,485 |
| 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 | $7,554 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $140,054 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,029,152 |
| Accounts payable and accrued expenses | $42,812 |
| Grants payable | $0 |
| Deferred revenue | $15,800 |
| 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 | $0 |
| Total liabilities | $58,612 |
| Net assets without donor restrictions | $963,798 |
| Net assets with donor restrictions | $6,742 |
| 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 | $1,029,152 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Ps 87 Pa Inc has recieved totaling $29,176.
| Awarding Organization | Amount |
|---|---|
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $22,711 |
Viking Global Foundation Inc Greenwich, CT PURPOSE: GENERAL SUPPORT | $2,500 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $2,000 |
Ford Foundation New York, NY PURPOSE: MATCHING GIFT | $1,050 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $915 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Homefront Inc Lawrenceville, NJ | $19,924,058 | $15,972,096 |
Boston After School & Beyond Inc Boston, MA | $8,204,182 | $8,812,020 |
Trustees Of The Free Public Library Of The Township Of East Brunswick East Brunswick, NJ | $2,206,212 | $3,599,309 |
Ketchum Grande Memoriall School Burnt Hills, NY | $5,061,922 | $2,742,920 |
Partners For Educational Leadership Inc West Hartford, CT | $1,925,828 | $2,519,972 |
Friends Of Dpny Inc Bronx, NY | $12,098,306 | $76,758 |
Parent Network Of New York State 1 Inc Buffalo, NY | $897,393 | $1,372,692 |
Parents And Teachers Association Of P S 29 Inc Brooklyn, NY | $571,073 | $1,446,218 |
Ps 58 Parent Teacher Association Brooklyn, NY | $738,322 | $1,192,013 |
Vita Education Services Inc Doylestown, PA | $624,691 | $1,073,219 |
Pennsylvania Association Of School Retirees Mechanicsburg, PA | $1,965,165 | $1,182,549 |
Pta New York Congress Bronxville, NY | $696,365 | $1,040,699 |