Northwood School
- Assets
- $28.7m
- Revenue
- $7.9m
- Investments
- $0.0
- Employees
- 84
- Location
- Lake Placid, NY
- Founding
- 06/1938
- Data as of
- 06/2021
- EIN
- 14-1401103
Organization Overview
Northwood School is located in Lake Placid, NY. The organization was established in 1938. According to its NTEE Classification (B25) the organization is classified as: Secondary & High Schools, under the broad grouping of Education and related organizations. As of 06/2021, Northwood School employed 84 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Northwood 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 06/2021, Northwood School generated $7.9m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (1.6%) each year. All expenses for the organization totaled $8.6m during the year ending 06/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION IS PRIMARILY A BOARDING SECONDARY PREPARATORY SCHOOL WITH SOME DAY STUDENTS WHICH EMPHASIZES ACADEMICS BUT HAS A RIGOROUS ATHLETIC PROGRAM.
Describe the Organization's Program Activity:
THE SCHOOL IS A COLLEGE PREPARATORY WITH STRONG ACADEMICS AND ATHLETIC PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Maher Head Of School | Officer | 40 | $151,184 |
Teresa Brady CFO | Officer | 40 | $116,850 |
Thomas Broderick Assist Head School | 40 | $114,018 | |
Frederick Mccauley Counseling Dir. | 40 | $101,640 | |
Hans L Carstensen III Treasurer | OfficerTrustee | 1 | $0 |
Karen Miller Vice Chair | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Sodexo Llc Food Service | 6/29/21 | $490,067 |
Duquette Brothers Construction | 6/29/21 | $101,714 |
Bette & Cring Construction Construction | 6/29/21 | $253,780 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $923,746 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,584,584 |
| Noncash contributions included in lines 1a–1f | $300,072 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,508,330 |
| Total Program Service Revenue | $5,256,633 |
| Investment income | $235,333 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$1,611 |
| Net Gain/Loss on Asset Sales | -$99,199 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,899,486 |
| 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. | $658,880 |
| Compensation of current officers, directors, key employees. | $658,880 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,973,971 |
| Pension plan accruals and contributions | $106,606 |
| Other employee benefits | $656,153 |
| Payroll taxes | $253,052 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $31,113 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $90,157 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $766,207 |
| Insurance | $232,480 |
| All other expenses | $996,880 |
| Total functional expenses | $8,565,273 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,296 |
| Savings and temporary cash investments | $2,504,620 |
| Pledges and grants receivable | $209,568 |
| Accounts receivable, net | $3,894,253 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $20,992 |
| Prepaid expenses and deferred charges | $139,336 |
| Net Land, buildings, and equipment | $13,581,234 |
| Investments—publicly traded securities | $8,249,439 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $102,069 |
| Other assets | $0 |
| Total assets | $28,703,807 |
| Accounts payable and accrued expenses | $326,885 |
| Grants payable | $0 |
| Deferred revenue | $5,180,912 |
| 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 | $2,030,993 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,132,629 |
| Total liabilities | $9,671,419 |
| Net assets without donor restrictions | $16,385,406 |
| Net assets with donor restrictions | $2,646,982 |
| 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 | $28,703,807 |
Grants Recieved
Over the last fiscal year, we have identified 23 grants that Northwood School has recieved totaling $1,590,747.
| Awarding Organization | Amount |
|---|---|
Community Foundation Of Collier County Naples, FL PURPOSE: HEALTH | $1,000,000 |
Staritch Foundation Inc Saranac Lake, NY PURPOSE: SUPPORT EDUCATION | $275,000 |
Morgan Stanley Global Impact Funding Trust Inc Indianapolis, IN PURPOSE: UNRESTRICTED GENERAL SUPPORT | $65,000 |
Harold T Edgar Charitable Tr Las Vegas, NV PURPOSE: GENERAL OPERATING | $42,793 |
Organization Name not Listed PURPOSE: CONSTRUCTION PROJECT | | $40,000 |
Central New York Community Foundation Inc Syracuse, NY PURPOSE: GENERAL SUPPORT | $30,000 |
Endowment Analysis
| Beg. Balance | $7,658,664 |
| Earnings | $329,464 |
| Net Contributions | $1,239 |
| Other Expense | $488,081 |
| Grants | $30,200 |
| Ending Balance | $7,471,086 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Central Catholic High School Inc Lawrence, MA | $53,774,234 | $20,404,394 |
Yeshiva University High Schools New York, NY | $22,674,721 | $20,464,649 |
Bancroft School Worcester, MA | $41,590,208 | $15,668,076 |
Woodstock Academy Woodstock, CT | $31,824,143 | $19,974,211 |
Community Academy Of Philadelphia A Pennylvania Charter School Philadelphia, PA | $18,600,792 | $22,292,096 |
Miss Halls School Inc Pittsfield, MA | $50,566,747 | $21,121,476 |
Cristo Rey Philadelphia High School Philadelphia, PA | $44,344,879 | $19,011,850 |
Valley Forge Military Academy Foundation Wayne, PA | $40,487,283 | $14,074,781 |
Rectory School Inc Pomfret, CT | $61,030,805 | $27,484,393 |
Westover School Inc Middlebury, CT | $114,183,779 | $14,889,393 |
Putney School Inc Putney, VT | $65,148,933 | $24,861,480 |
Jack M Barrack Hebrew Academy Bryn Mawr, PA | $28,446,825 | $17,100,040 |