Poughkeepsie Day School Inc
- Assets
- $6.3m
- Revenue
- $761.5k
- Investments
- $0.0
- Employees
- 69
- Location
- Poughkeepsie, NY
- Founding
- 10/1942
- Data as of
- 06/2021
- EIN
- 14-1364581
Organization Overview
Poughkeepsie Day School Inc is located in Poughkeepsie, NY. The organization was established in 1942. According to its NTEE Classification (B24) the organization is classified as: Primary & Elementary Schools, under the broad grouping of Education and related organizations. As of 06/2021, Poughkeepsie Day School Inc employed 69 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Poughkeepsie Day School 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, Poughkeepsie Day School Inc generated $761.5k 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 (31.3%) each year. All expenses for the organization totaled $1.0m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (28.8%) 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
TO PROVIDE EDUCATION SERVICES FOR PRE-KINDERGARTEN THROUGH GRADE 12.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE SCHOOL'S INSTRUCTIONAL ACTIVITIES WERE SUSPENDED FOR THE ACADEMIC YEAR 2020-2021. ACTIVITIES WERE RESUMED FOR SCHOOL YEAR 2021-2022.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Benedict Chant Former Head Of School | Officer | 40 | $171,448 |
Jason Berry Treasurer | OfficerTrustee | 5 | $0 |
Christina Powers Director Of Operations | OfficerTrustee | 5 | $0 |
Barbara Wood Head Of School | Officer | 40 | $0 |
Matthew Buccelli Trustee | Trustee | 2 | $0 |
Chris Gahn Trustee | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $606,493 |
| All other contributions, gifts, grants, and similar amounts not included above | $29,347 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $635,840 |
| Total Program Service Revenue | $17,686 |
| Investment income | $64 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $68,697 |
| Net Gain/Loss on Asset Sales | $9,758 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $761,501 |
| 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. | $127,163 |
| Compensation of current officers, directors, key employees. | $127,163 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,225 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $30,195 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $72,145 |
| Fees for services: Accounting | $97,050 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $45,381 |
| Advertising and promotion | $8,745 |
| Office expenses | $5,917 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $104,072 |
| Travel | $874 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $54,445 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $332,531 |
| Insurance | $55,038 |
| All other expenses | $5,494 |
| Total functional expenses | $1,020,959 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $879,172 |
| Pledges and grants receivable | $26,200 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $4,667,203 |
| Investments—publicly traded securities | $697,916 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $8,400 |
| Total assets | $6,278,891 |
| Accounts payable and accrued expenses | $140,518 |
| Grants payable | $0 |
| Deferred revenue | $57,232 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $1,532,160 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $638,143 |
| Total liabilities | $2,368,053 |
| Net assets without donor restrictions | $3,057,017 |
| Net assets with donor restrictions | $853,821 |
| 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 | $6,278,891 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Poughkeepsie Day School Inc has recieved totaling $20,522.
| Awarding Organization | Amount |
|---|---|
Betty Binger Tr Uw Fbo Various Charitable Organizations Hyde Park, NY PURPOSE: GENERAL PURPOSES | $20,000 |
Mako Foundation Chicago, IL PURPOSE: GENERAL OPERATING SUPPORT - ANNUAL GIFT | $500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $22 |
Endowment Analysis
| Beg. Balance | $605,874 |
| Earnings | $158,460 |
| Other Expense | $32,790 |
| Ending Balance | $731,544 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
New Foundations Charter School Marlton, NJ | $17,967,778 | $23,202,828 |
Village Community School New York, NY | $70,966,980 | $22,510,782 |
Lycee International De Boston International School Of Boston Inc Cambridge, MA | $37,411,967 | $19,857,918 |
Speyer Legacy School New York, NY | $16,160,814 | $25,812,126 |
Fenn School Inc Concord, MA | $99,819,486 | $20,241,981 |
Lancaster Country Day School Lancaster, PA | $75,848,302 | $20,350,115 |
Freire Charter School Philadelphia, PA | $7,896,247 | $17,871,218 |
Academy In Manayunk Inc Conshohocken, PA | $64,687,092 | $23,625,839 |
Amistad Academy Inc New Haven, CT | $35,461,697 | $16,961,980 |
Foote School Association Inc New Haven, CT | $45,302,394 | $17,181,198 |
Rumsey Hall School Incorporated Washington Depot, CT | $67,305,104 | $16,603,122 |
Celebrate The Children Inc Denville, NJ | $8,659,449 | $15,671,388 |