Bank Street College Of Education
- Assets
- $91.6m
- Revenue
- $64.5m
- Investments
- $0.0
- Employees
- 929
- Location
- New York, NY
- Founding
- 06/1938
- Data as of
- 06/2020
- 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 06/2020, Bank Street College Of Education employed 929 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations.
For the year ending 06/2020, Bank Street College Of Education generated $64.5m in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of (2.1%) each year. All expenses for the organization totaled $68.8m during the year ending 06/2020. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Bank Street College Of Education has awarded 19 individual grants totaling $1,069,000. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
BANK STREET COLLEGE OF EDUCATION IS AN INDEPENDENT CO-EDUCATIONAL INSTITUTION. FOR MORE INFORMATION, 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.
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 & Trustee | OfficerTrustee | 35 | $551,956 |
Jed Lippard Dean, School For Children | Officer | 35 | $384,748 |
Justin Tyack Chief Operating Officer | Officer | 35 | $311,970 |
Marcela Hahn Vice President, Dero | Officer | 35 | $216,859 |
Laura Guarino Assoc. Dean, Sch For Children | 35 | $210,903 | |
Ceceila Traugh Dean, Grad School | Officer | 35 | $210,268 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Macro Consultants Llc Project Management | 6/29/20 | $209,423 |
Meteor Learning Inc Online Learn Cons | 6/29/20 | $352,992 |
Drivestream Inc Payroll Consulting | 6/29/20 | $308,352 |
American Elevator Elevator Renovation | 6/29/20 | $231,711 |
Kpmg Llp Audit, Tax Services | 6/29/20 | $217,350 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $421,758 |
| Related organizations | $0 |
| Government grants | $7,120,867 |
| All other contributions, gifts, grants, and similar amounts not included above | $8,631,213 |
| Noncash contributions included in lines 1a–1f | $200,810 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $16,173,838 |
| Total Program Service Revenue | $46,779,539 |
| Investment income | $1,170,338 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $12,834 |
| Net Rental Income | $6,755 |
| Net Gain/Loss on Asset Sales | -$399,486 |
| Net Income from Fundraising Events | $122,235 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $138,804 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $64,451,080 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $8,688,061 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $2,285,412 |
| Compensation of current officers, directors, key employees. | $1,547,828 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $32,575,385 |
| Pension plan accruals and contributions | $1,725,770 |
| Other employee benefits | $6,072,551 |
| Payroll taxes | $2,470,114 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $115,170 |
| Fees for services: Accounting | $207,435 |
| Fees for services: Lobbying | $63,250 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $221,147 |
| Fees for services: Other | $3,552,168 |
| Advertising and promotion | $181,210 |
| Office expenses | $1,269,886 |
| Information technology | $875,213 |
| Royalties | $0 |
| Occupancy | $2,452,997 |
| Travel | $319,669 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,078,136 |
| Interest | $654,719 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,799,126 |
| Insurance | $307,421 |
| All other expenses | $0 |
| Total functional expenses | $68,807,424 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,512,281 |
| Savings and temporary cash investments | $2,759,125 |
| Pledges and grants receivable | $6,491,896 |
| Accounts receivable, net | $2,775,953 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $27,916 |
| Inventories for sale or use | $360,668 |
| Prepaid expenses and deferred charges | $964,209 |
| Net Land, buildings, and equipment | $28,716,305 |
| Investments—publicly traded securities | $46,185,350 |
| Investments—other securities | $0 |
| Investments—program-related | $300,137 |
| Intangible assets | $0 |
| Other assets | $551,396 |
| Total assets | $91,645,236 |
| Accounts payable and accrued expenses | $6,305,424 |
| Grants payable | $0 |
| Deferred revenue | $5,780,135 |
| Tax-exempt bond liabilities | $18,116,489 |
| 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 | $14,223,056 |
| Total liabilities | $44,425,104 |
| Net assets without donor restrictions | $4,313,587 |
| Net assets with donor restrictions | $42,906,545 |
| 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 | $91,645,236 |
Grants Awarded
Over the last fiscal year, Bank Street College Of Education has awarded $116,668 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
YONKERS PUBLIC SCHOOLS PURPOSE: NY NETWORK COLLAB | $66,667 |
UTICA CITY SCHOOL DISTRICT PURPOSE: NY NETWORK COLLAB | $16,667 |
SYRACUSE CITY SCHOOL DISTRICT PURPOSE: NY NETWORK COLLAB | $16,667 |
ROCHESTER CITY SCHOOLS DISTRICT PURPOSE: NY NETWORK COLLAB | $16,667 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Bank Street College Of Education has recieved totaling $87,072.
| Awarding Organization | Amount |
|---|---|
Jewish Communal Fund New York, NY PURPOSE: General support | $32,000 |
Jim Neuberger And Helen Stambler Neuberger Foundation Inc FAIRFIeld, CT PURPOSE: CHILDHOOD GENERAL EDUCATION PROGRAM | $20,000 |
Walsh Street Foundation New York, NY PURPOSE: GENERAL | $20,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $14,072 |
Becton Family Foundation Tr Homosassa, FL PURPOSE: CONTRIBUTION TO GENERAL FUND | $1,000 |
Endowment Analysis
| Beg. Balance | $30,583,675 |
| Earnings | -$252,193 |
| Net Contributions | $75,641 |
| Grants | $1,108,042 |
| Ending Balance | $29,299,081 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
New York Medical College Valhalla, NY | $318,677,910 | $119,697,970 |
Lake Erie College Of Osteopathic Medicine Inc Erie, PA | $601,786,639 | $162,737,666 |
New York Law School New York, NY | $325,648,327 | $75,645,849 |
Brooklyn Law School Brooklyn, NY | $327,973,230 | $65,236,818 |
Touro University New York, NY | $80,973,441 | $91,677,502 |
Bank Street College Of Education New York, NY | $91,645,236 | $64,451,080 |
Albany College Of Pharmacy And Health Sciences Albany, NY | $139,172,038 | $69,163,320 |
Touro University New York, NY | $103,773,829 | $62,199,795 |
Salus University Elkins Park, PA | $72,160,426 | $52,169,129 |
Geisinger Commonwealth School Of Medicine Danville, PA | $128,931,101 | $43,273,643 |
New England Law Boston Boston, MA | $108,370,694 | $37,116,199 |
American College King of Prussia, PA | $64,656,917 | $29,162,563 |