Bank Street College Of Education
- Assets
- $88.8m
- Revenue
- $68.7m
- Investments
- $0.0
- Employees
- 784
- Location
- New York, NY
- Founding
- 06/1938
- Data as of
- 06/2022
- EIN
- 13-5562167
Organization Overview
Bank Street College Of Education is located in New York, NY. The organization was established in 1938. According to its NTEE Classification (B50) the organization is classified as: Graduate & Professional Schools, under the broad grouping of Education and related organizations. As of 06/2022, Bank Street College Of Education employed 784 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bank Street College Of Education 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 06/2022, Bank Street College Of Education generated $68.7m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.6%) each year. All expenses for the organization totaled $77.8m during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Bank Street College Of Education has awarded 35 individual grants totaling $3,489,823. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
BANK STREET COLLEGE OF EDUCATION IS AN INDEPENDENT CO-EDUCATIONAL INSTITUTION. SEE SCHEDULE O.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOOL FOR CHILDREN - BANK STREET HAS BEEN SERVING STUDENTS FOR 100 YEARS BY PROVIDING HIGH QUALITY EARLY CHILDHOOD PROGRAMS WHICH INCLUDE AN INDEPENDENT PROGRESSIVE SCHOOL FOR CHILDREN, AN ONSITE FAMILY CENTER AND AFTER SCHOOL AND SUMMER CAMP PROGRAMS. THE FAMILY CENTER, THE SCHOOL FOR CHILDREN, AFTER SCHOOL AND SUMMER CAMP ARE REFERRED TO AS CHILDREN'S PROGRAMS AT BANK STREET, AND ARE ADMINISTERED BY THE DEAN OF CHILDREN'S PROGRAMS.
AUXILIARY ACTIVITIES
GRADUATE SCHOOL - BANK STREET'S GRADUATE SCHOOL OF EDUCATION OFFERS MASTER'S PROGRAMS THAT INTEGRATE DIRECT EXPERIENCE WITH CHILDREN, TEACHERS AND FAMILIES, EXPLORATION AND EXAMINATION OF THEORY AND OBSERVATION AND REFLECTION. OUR GRADUATE DEGREES IN EDUCATION PROVIDE OUR STUDENTS WITH A THOROUGH, RIGOROUS, HUMANISTIC FOUNDATION FOR THEIR CAREERS IN EARLY CHILDHOOD, ELEMENTARY, AS WELL AS EDUCATIONAL LEADERSHIP, MUSEUM EDUCATION, CHILD LIFE, AND READING AND LITERACY. WE PREPARE EDUCATORS TO FIND WAYS TO MAKE LEARNING VITAL, ACTIVE, AND CREATIVE.
BSEC - THE BANK STREET EDUCATION CENTER PARTNERS WITH SCHOOLS, SCHOOL SYSTEMS, STATES, AND COMMUNITITES TO FOSTER POSITIVE LEARNING OUTCOMES FOR STUDENTS AND EDUCATORS AND TO ADVANCE PRACTICE AND POLICY IN THE FIELD OF EDUCATION NATIONWIDE. FOR MORE INFORMATION, SEE SCHEDULE O.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Shael Polakow-Suransky President | OfficerTrustee | 35 | $513,562 |
Anthony Asnes Trustee | Trustee | 1 | $0 |
Charles R Bendit Trustee | Trustee | 1 | $0 |
Jay Chakrapani Trustee | Trustee | 1 | $0 |
Jessica Charles Staff Assoc. Trustee (start 06/22) | Trustee | 1 | $133,574 |
Jonathan Cole Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Meteor Learning Inc Online Learning Consulting Services | 6/29/22 | $2,024,788 |
Skyline Restoration Inc Construction Services Provided | 6/29/22 | $755,182 |
Sheridan Restoration Corp Personnel Support | 6/29/22 | $297,520 |
Jenzabar Inc Custom Suppport For Various Interfaces | 6/29/22 | $250,972 |
Blackbaud Implementation Services And Support | 6/29/22 | $248,841 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $643,811 |
| Related organizations | $0 |
| Government grants | $3,110,699 |
| All other contributions, gifts, grants, and similar amounts not included above | $9,548,329 |
| Noncash contributions included in lines 1a–1f | $115,089 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $13,302,839 |
| Total Program Service Revenue | $53,471,900 |
| Investment income | $1,180,874 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $10,837 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $206,533 |
| Net Income from Fundraising Events | -$110,443 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $68,730,517 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $819,213 |
| Grants and other assistance to domestic individuals. | $15,810,404 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $2,821,313 |
| Compensation of current officers, directors, key employees. | $1,435,415 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $31,675,221 |
| Pension plan accruals and contributions | $1,657,533 |
| Other employee benefits | $5,563,623 |
| Payroll taxes | $2,388,946 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $104,319 |
| Fees for services: Accounting | $230,437 |
| Fees for services: Lobbying | $55,525 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $82,937 |
| Fees for services: Other | $5,172,030 |
| Advertising and promotion | $264,333 |
| Office expenses | $1,094,741 |
| Information technology | $246,623 |
| Royalties | $0 |
| Occupancy | $4,047,448 |
| Travel | $112,965 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $703,149 |
| Interest | $687,021 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,711,453 |
| Insurance | $385,179 |
| All other expenses | $727,093 |
| Total functional expenses | $77,765,814 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,415,258 |
| Savings and temporary cash investments | $1,260,665 |
| Pledges and grants receivable | $7,359,682 |
| Accounts receivable, net | $1,720,007 |
| 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 | $741,860 |
| Net Land, buildings, and equipment | $28,175,126 |
| Investments—publicly traded securities | $45,886,580 |
| Investments—other securities | $0 |
| Investments—program-related | $300,717 |
| Intangible assets | $0 |
| Other assets | $912,111 |
| Total assets | $88,772,006 |
| Accounts payable and accrued expenses | $7,962,923 |
| Grants payable | $0 |
| Deferred revenue | $6,357,382 |
| Tax-exempt bond liabilities | $17,088,023 |
| 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 | $2,000,000 |
| Other liabilities | $6,559,842 |
| Total liabilities | $39,968,170 |
| Net assets without donor restrictions | $4,334,169 |
| Net assets with donor restrictions | $44,469,667 |
| 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 | $88,772,006 |
Grants Awarded
Over the last fiscal year, Bank Street College Of Education has awarded $814,831 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
YONKERS PUBLIC SCHOOLS PURPOSE: SCHOOL IMPROVEMENT INITIATIVE | $623,560 |
MINNESOTA STATE COLLEGE & UNIVERSITIES PURPOSE: PREPARED TO TEACH INITIATIVE | $40,000 |
UNIVERSITY OF SOUTH DAKOTA PURPOSE: PREPARED TO TEACH INITIATIVE | $48,000 |
UNIVERSITY OF NEW MEXICO PURPOSE: PREPARED TO TEACH INITIATIVE | $36,571 |
WESTERN WASHINGTON UNIVERSITY FOUNDATION PURPOSE: PREPARED TO TEACH INITIATIVE | $11,700 |
CENTRAL NEW MEXICO COMMUNITY COLLEGE PURPOSE: PREPARED TO TEACH INITIATIVE | $20,000 |