Ethical Culture Fieldston School
- Assets
- $252.7m
- Revenue
- $107.4m
- Investments
- $57.4m
- Employees
- 708
- Location
- New York, NY
- Founding
- 06/1996
- Data as of
- 06/2020
- EIN
- 13-3862529
Organization Overview
Ethical Culture Fieldston School is located in New York, NY. The organization was established in 1996. 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, Ethical Culture Fieldston School employed 708 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ethical Culture Fieldston 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 06/2020, Ethical Culture Fieldston School generated $107.4m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.9% each year. All expenses for the organization totaled $108.1m during the year ending 06/2020. While expenses have increased by 2.6% 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDES EDUCATION FOR CHILDREN IN PRE-KINDERGARTEN THROUGH TWELFTH GRADE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATIONAL INSTRUCTION FOR APPROXIMATELY 1,700 STUDENTS IN VARIOUS CLASSES FROM PRE-KINDERGARTEN THROUGH THE TWELFTH GRADE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jessica Bagby Head Of School | Officer | 35 | $873,248 |
Kyle Wilkie-Glass Chief Operating Officer | Officer | 35 | $408,953 |
Chris Harper Chief Financial Off. Thru 6/15/21 | Officer | 35 | $388,396 |
Nigel D Furlonge Principal Upper School | Officer | 35 | $362,325 |
Robert Cousins Principal Ec | Officer | 35 | $256,734 |
Charles Guerrero Dir. Of Admis, Fin. Aid, & Ins | Officer | 35 | $234,255 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Allied Universal Security Services Security | 6/29/21 | $301,078 |
Schulte Roth & Zabel Llp Legal | 6/29/21 | $358,733 |
Wilmerhale Legal | 6/29/21 | $1,326,323 |
Building Maintenance Service Llc Maintenance | 6/29/21 | $3,781,755 |
Community Counseling Service Llc Consulting | 6/29/21 | $506,260 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $9,186,900 |
| Investment income | $1,536,992 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $88,479 |
| Net Gain/Loss on Asset Sales | $4,016,979 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $107,394,843 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $16,446,165 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $4,358,802 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $43,225,868 |
| Pension plan accruals and contributions | $3,513,164 |
| Other employee benefits | $7,129,050 |
| Payroll taxes | $3,264,923 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,952,144 |
| Fees for services: Accounting | $79,200 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $660,260 |
| Fees for services: Investment Management | $591,702 |
| Fees for services: Other | $7,828,981 |
| Advertising and promotion | $0 |
| Office expenses | $1,825,225 |
| Information technology | $52,059 |
| Royalties | $0 |
| Occupancy | $1,530,228 |
| Travel | $675,722 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,298,100 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $7,953,767 |
| Insurance | $530,817 |
| All other expenses | $0 |
| Total functional expenses | $108,084,998 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,900 |
| Savings and temporary cash investments | $29,930,440 |
| Pledges and grants receivable | $3,648,094 |
| Accounts receivable, net | $57,011 |
| 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 | $967,704 |
| Investments—publicly traded securities | $51,581,655 |
| Investments—other securities | $57,406,243 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $9,436,393 |
| Total assets | $252,651,487 |
| Accounts payable and accrued expenses | $34,158,483 |
| Grants payable | $0 |
| Deferred revenue | $34,346,168 |
| Tax-exempt bond liabilities | $33,370,000 |
| 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 | $2,962,608 |
| Total liabilities | $104,837,259 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $147,814,228 |
Grants Recieved
Over the last fiscal year, we have identified 59 grants that Ethical Culture Fieldston School has recieved totaling $2,009,330.
| Awarding Organization | Amount |
|---|---|
Goldman Sachs Charitable Gift Fund New York, NY PURPOSE: SCHOLARSHIPS & FINANCIAL AID | $409,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $193,176 |
Jewish Communal Fund New York, NY PURPOSE: GENERAL SUPPORT | $187,678 |
Hee Family Foundation Inc New York, NY PURPOSE: GENERAL DONATION | $140,000 |
David Yurman Humanitarian Foundation Inc New York, NY PURPOSE: GENERAL FUND | $100,000 |
Goldman Sachs Philanthropy Fund New York, NY PURPOSE: EDUCATION | $86,000 |
Endowment Analysis
| Beg. Balance | $57,543,522 |
| Earnings | $15,741,770 |
| Admin Expense | $2,981,554 |
| Net Contributions | $611,025 |
| Ending Balance | $70,914,763 |
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 |