Tuxedo Park School
- Assets
- $13.0m
- Revenue
- $6.0m
- Investments
- $0.0
- Employees
- 60
- Location
- Tuxedo Park, NY
- Founding
- 02/1943
- Data as of
- 06/2022
- EIN
- 14-1364656
Organization Overview
Tuxedo Park School is located in Tuxedo Park, NY. The organization was established in 1943. 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 06/2022, Tuxedo Park School employed 60 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tuxedo Park 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 06/2022, Tuxedo Park School generated $6.0m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (4.3%) each year. All expenses for the organization totaled $8.0m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (0.3%) per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
INDEPENDENT DAY SCHOOL IN TUXEDO PARK, NY FOR PRESCHOOL THROUGH NINTH GRADE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE SCHOOL PROVIDES A CONTINUOUS EDUCATION PROGRAM FOR BOYS AND GIRLS FROM PRESCHOOL THROUGH NINTH GRADE. THE SCHOOL PROVIDED EDUCATION TO APPROXIMATELY 153 STUDENTS IN 2022.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Murphy CFO & Oper. Off. (left 6/2022) | Officer | 50 | $183,947 |
Serena Mueller Associate Head Of School For A | 45 | $141,880 | |
Stuart Johnson Head Of School | Officer | 50 | $130,282 |
Todd Stansbery Head Of School (left 6/2021) | 55 | $113,925 | |
Suzanne Donaghy President | OfficerTrustee | 4 | $0 |
Francis Peverly Vice President | OfficerTrustee | 4 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Flik Independent Schools Food Vendor | 6/29/22 | $303,148 |
Chestnut Ridge Transit Inc Transportation | 6/29/22 | $139,446 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $257,305 |
| Related organizations | $0 |
| Government grants | $775,304 |
| All other contributions, gifts, grants, and similar amounts not included above | $409,877 |
| Noncash contributions included in lines 1a–1f | $5,275 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,442,486 |
| Total Program Service Revenue | $5,390,292 |
| Investment income | $237,903 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $26,203 |
| Net Gain/Loss on Asset Sales | -$1,100,864 |
| Net Income from Fundraising Events | -$43,313 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,973,327 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,801,675 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $508,956 |
| Compensation of current officers, directors, key employees. | $175,290 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,834,099 |
| Pension plan accruals and contributions | $123,995 |
| Other employee benefits | $192,522 |
| Payroll taxes | $247,035 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $9,940 |
| Fees for services: Accounting | $62,366 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $134,379 |
| Advertising and promotion | $106,209 |
| Office expenses | $245,940 |
| Information technology | $209,354 |
| Royalties | $0 |
| Occupancy | $536,275 |
| Travel | $254,894 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $43,877 |
| Interest | $762 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $321,862 |
| Insurance | $60,394 |
| All other expenses | $0 |
| Total functional expenses | $8,048,800 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $472,396 |
| Savings and temporary cash investments | $2,513,552 |
| Pledges and grants receivable | $22,235 |
| Accounts receivable, net | $60,487 |
| 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 | $136,555 |
| Net Land, buildings, and equipment | $5,014,817 |
| Investments—publicly traded securities | $4,738,462 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $76,631 |
| Total assets | $13,035,135 |
| Accounts payable and accrued expenses | $576,387 |
| Grants payable | $0 |
| Deferred revenue | $907,180 |
| 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 | $72,232 |
| Other liabilities | $0 |
| Total liabilities | $1,555,799 |
| Net assets without donor restrictions | $4,121,878 |
| Net assets with donor restrictions | $7,357,458 |
| 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 | $13,035,135 |