Claremont Prep Association Inc
- Assets
- $712.6k
- Revenue
- $191.0k
- Investments
- $0.0
- Employees
- 0
- Location
- New York, NY
- Founding
- 10/2006
- Data as of
- 12/2022
- EIN
- 20-1770464
Organization Overview
Claremont Prep Association Inc, operating under the name The Leman Community Association, is located in New York, NY. The organization was established in 2006. According to its NTEE Classification (B80) the organization is classified as: Student Services, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Leman Community Association 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 12/2022, Leman Community Association generated $191.0k 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 (7.9%) each year. All expenses for the organization totaled $162.6k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (8.4%) 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
THE CLAREMONT ASSOCIATION (DBA LEMAN COMMUNITY ASSOCIATION (LCA)) IS A NON-PROFIT PARENT ORGANIZATION THAT FOSTERS A SENSE OF STRONG COMMUNITY AT OUR SCHOOL AND ENRICHES THE EXPERIENCES OF ALL LEMAN STUDENTS, PARENTS AND FACULTY. THROUGH A WIDE RANGE OF PROGRAMS, EVENTS AND FUNDRAISING EFFORTS, THE LCA GENEROUSLY CONTRIBUTES TO THE LIFE OF OUR SCHOOL AND THE EXPERIENCES OF SCHOOL FAMILIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ANNUAL DUES SUBSIDIZES ADMISSIONS FEES AND COSTS FOR EVENTS THROUGHOUT THE YEAR IN THE LOWER & UPPER SCHOOL WELCOME BACK EVENTS, TRIVIA NIGHT, BOOK FAIR, INTERNATIONAL FESTIVAL, PARENTS VS. FACULTY BASKETBALL GAME.DIRECT CONTRIBUTION TO CLASSROOM IN THE LOWER SCHOOL OR CHILD'S GRADE IN THE UPPER SCHOOL. CLASS PROJECTS, CLASS, TEACHER AND PARENT CELEBRATIONS, HOLIDAY CELEBRATIONS, SPEAKERS ARE EXAMPLES.FACULTY AND STAFF ENRICHMENT : RECOGNITION GIFT FOR OUR ENTIRE STAFF WHO IMPACT OUR CHILDREN AND COMMUNITY DAILY.
LCA FOUNDATION STUDENT ENRICHMENT: STUDENTS RECEIVING FINANCIAL AID BY THE SCHOOL MAY SUBMIT FOR REIMBURSEMENT TO THE EXTENT OF THEIR PERCENTAGE OF AID FOR A LEMAN PLUS CLASS (ONE TRIMESTER PER ANNUM), LEMAN CONSERVATORY LESSON (50%, TO THE EXTENT OF AID FOR ENTIRE YEAR) AND ALL SCHOOL CLASS TRIPS.COMMUNITY SERVICE: TO DELIVER OPPORTUNITIES FOR LEMAN FAMILIES TO SERVE THE WIDER COMMUNITY. CHARITABLE EVENTS THAT ARE GEARED TOWARDS CHILDREN AND PARENTS COLLECTIVELY COMING TOGETHER WITH FACULTY AND STAFF OF LEMAN TO PROVIDE ASSISTANCE TO THOSE IN NEED. EVENTS THAT BRING THE LEMAN COMMUNITY TOGETHER SERVING THE BROADER COMMUNITY HAVE BECOME VERY POPULAR AND A WONDERFUL HANDS ON EXERCISE FOR EDUCATION YOUNG MINDS TO BECOMING GLOBAL CITIZENS. EVENTS INCLUDE; NYC KIDS PROJECT, RISE FOR HUNGER, GUEST SPEAKER EVENTS FOR STUDENTS.SARAH MCMICKLE SUMMER SCHOLARSHIP: A MERIT-BASED TUITION REIMBURSEMENT FOR HIGH SCHOOL STUDENTS WHO PURSUE SUMMER COURSES AT COLLEGE/UNIVERSITY PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jennifer Rosini-Gentile President | OfficerTrustee | 6 | $0 |
Kristin Flattmann Secretary | OfficerTrustee | 4 | $0 |
Veronica Bekkerov Treasurer | OfficerTrustee | 6 | $0 |
Sid Assomull Director | Trustee | 4 | $0 |
Anna Li Director | Trustee | 5 | $0 |
Kelly Lewis Director | Trustee | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $29,933 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $159,023 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $188,956 |
| Total Program Service Revenue | $1,000 |
| Investment income | $158 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$1,883 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $191,012 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $9,189 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $743 |
| 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 | $149 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $0 |
| Insurance | $1,575 |
| All other expenses | $864 |
| Total functional expenses | $162,613 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $154,478 |
| Savings and temporary cash investments | $528,894 |
| Pledges and grants receivable | $0 |
| 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 | $29,250 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $712,622 |
| Accounts payable and accrued expenses | $42,383 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Other liabilities | $0 |
| Total liabilities | $42,383 |
| Net assets without donor restrictions | $670,239 |
| Net assets with donor restrictions | $0 |
| 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 | $712,622 |