Birch Wathen Lenox School
- Assets
- $19.8m
- Revenue
- $28.0m
- Investments
- $0.0
- Employees
- 234
- Location
- New York, NY
- Founding
- 09/1992
- Data as of
- 06/2021
- EIN
- 13-3603578
Organization Overview
Birch Wathen Lenox School is located in New York, NY. The organization was established in 1992. 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, Birch Wathen Lenox School employed 234 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Birch Wathen Lenox 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 06/2021, Birch Wathen Lenox School generated $28.0m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (1.0%) each year. All expenses for the organization totaled $31.6m during the year ending 06/2021. 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
EDUCATIONAL PROGRAMS FOR CHILDREN FROM KINDERGARTEN THROUGH 12TH GRADE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ELEMENTARY AND SECONDARY EDUCATION: PROVIDED QUALITY, NURTURING EDUCATION FOR 580 STUDENTS FROM KINDERGARTEN THROUGH 12TH GRADE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Margaret E Lehman Chair | OfficerTrustee | 10 | $0 |
Laura Beinner Vice Chair | OfficerTrustee | 10 | $0 |
Neil P Benedict Treasurer | OfficerTrustee | 7 | $0 |
Alana Frumkes Secretary | OfficerTrustee | 7 | $0 |
Frank J Carnabuci III Headmaster - Ex Officio | OfficerTrustee | 40 | $0 |
Michael Gollub Board Member | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $54,531 |
| Related organizations | $0 |
| Government grants | $2,620,242 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,062,395 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,737,168 |
| Total Program Service Revenue | $24,173,422 |
| Investment income | $79,102 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$29,111 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $28,023,586 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $8,092,174 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,606,697 |
| Compensation of current officers, directors, key employees. | $160,670 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $12,910,447 |
| Pension plan accruals and contributions | $450,897 |
| Other employee benefits | $1,690,612 |
| Payroll taxes | $1,010,990 |
| Fees for services: Management | $50,000 |
| Fees for services: Legal | $81,625 |
| Fees for services: Accounting | $57,550 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $167,268 |
| Advertising and promotion | $0 |
| Office expenses | $795,674 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $192,906 |
| Travel | $122,169 |
| 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 | $1,475,106 |
| Insurance | $162,908 |
| All other expenses | $556,768 |
| Total functional expenses | $31,618,966 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,276,834 |
| Savings and temporary cash investments | $1,614,324 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,488,137 |
| 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 | $514,570 |
| Net Land, buildings, and equipment | $10,709,781 |
| Investments—publicly traded securities | $219,190 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $19,822,836 |
| Accounts payable and accrued expenses | $148,120 |
| Grants payable | $0 |
| Deferred revenue | $5,715,792 |
| 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 | $5,823,636 |
| Total liabilities | $11,687,548 |
| Net assets without donor restrictions | $7,807,756 |
| Net assets with donor restrictions | $327,532 |
| 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 | $19,822,836 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Birch Wathen Lenox School has recieved totaling $500.
| Awarding Organization | Amount |
|---|---|
Strauss Foundation Inc New York, NY PURPOSE: CHARITABLE | $500 |
Endowment Analysis
| Beg. Balance | $4,327,532 |
| Earnings | $67,164 |
| Grants | $67,164 |
| Ending Balance | $4,327,532 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
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 |
Spence School New York, NY | $416,454,517 | $72,977,566 |