Wilberforce School Inc
- Assets
- $9.8m
- Revenue
- $10.1m
- Investments
- $8.7k
- Employees
- 89
- Location
- Princeton, NJ
- Founding
- 04/2006
- Data as of
- 06/2022
- EIN
- 20-1961626
Organization Overview
Wilberforce School Inc is located in Princeton, NJ. The organization was established in 2006. 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, Wilberforce School Inc employed 89 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wilberforce 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 06/2022, Wilberforce School Inc generated $10.1m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 14.1% each year . All expenses for the organization totaled $8.0m during the year ending 06/2022. While expenses have increased by 10.2% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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 WILBERFORCE SCHOOL WAS FOUNDED TO PROVIDE A DISTINCTLY CHRISTIAN EDUCATION CHARACTERIZED BY ACADEMIC EXCELLENCE AND JOYFUL DISCOVERY WITHIN A CLASSICAL FRAMEWORK.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FOR THE 2021-2022 ACADEMIC YEAR THERE WERE 316 STUDENTS ENROLLED, OF WHOM 49% RECEIVED A GRANT IN THE FORM OF A MERIT SCHOLARSHIP, FINANCIAL AID, OR TUITION REMISSION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Howe Whitman Jr Head Of Scho | OfficerTrustee | 40 | $145,355 |
Aruna David Chairperson | OfficerTrustee | 1.5 | $0 |
Stephen Mclean Jr Treasurer | OfficerTrustee | 1.5 | $0 |
Daniel Brox Trustee | Trustee | 1.5 | $0 |
David Rowe Trustee | Trustee | 1.5 | $0 |
Lois Szeliga Trustee | Trustee | 1.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Vj Scozzari & Sons Inc Construction | 6/29/22 | $100,239 |
Ford 3 Architects Llc Construction | 6/29/22 | $112,172 |
Commercial Cleaning Corp Janitorial | 6/29/22 | $111,137 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $245,438 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,813,324 |
| Noncash contributions included in lines 1a–1f | $42,249 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,058,762 |
| Total Program Service Revenue | $6,927,121 |
| Investment income | $6,199 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $8,328 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $10,077,475 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $2,232,024 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $180,240 |
| Compensation of current officers, directors, key employees. | $144,192 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,137,136 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $222,673 |
| Payroll taxes | $294,731 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,470 |
| Fees for services: Accounting | $29,265 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $67,679 |
| Office expenses | $136,640 |
| Information technology | $27,469 |
| Royalties | $0 |
| Occupancy | $1,012,352 |
| 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 | $66,810 |
| All other expenses | $68,086 |
| Total functional expenses | $7,979,435 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,276,658 |
| Savings and temporary cash investments | $3,859,968 |
| Pledges and grants receivable | $245,438 |
| Accounts receivable, net | $16,378 |
| 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 | $1,492,512 |
| Net Land, buildings, and equipment | $781,901 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $8,703 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $87,800 |
| Total assets | $9,769,358 |
| Accounts payable and accrued expenses | $72,924 |
| Grants payable | $0 |
| Deferred revenue | $3,552,542 |
| 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 | $1,137,367 |
| Total liabilities | $4,762,833 |
| Net assets without donor restrictions | $4,996,525 |
| Net assets with donor restrictions | $10,000 |
| 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 | $9,769,358 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Wilberforce School Inc has recieved totaling $577,725.
| Awarding Organization | Amount |
|---|---|
Goldman Sachs Philanthropy Fund New York, NY PURPOSE: EDUCATION | $540,000 |
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: GROWTH | $25,225 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $12,110 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $390 |
Endowment Analysis
| Beg. Balance | $8,749 |
| Earnings | -$1,738 |
| Admin Expense | $150 |
| Ending Balance | $6,861 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Executive Education Academy Charter School Allentown, PA | $63,584,076 | $23,169,797 |
Foundation Academy Charter School Trenton, NJ | $16,120,573 | $21,345,321 |
Albany Academy Albany, NY | $58,726,077 | $27,181,105 |
Tatnall School Inc Wilmington, DE | $48,687,568 | $19,526,911 |
Elisabeth Morrow School Englewood, NJ | $43,835,854 | $20,290,882 |
Yeshiva Ktana Of Passaic Passaic, NJ | $33,764,196 | $20,538,079 |
Franklintown Charter High School Philadelphia, PA | $47,616,708 | $24,090,071 |
Nichols School Of Buffalo Buffalo, NY | $102,003,479 | $42,213,694 |
Yeshiva Shaare Torah Inc Brooklyn, NY | $32,363,623 | $20,724,747 |
Yeshivat Heatid Inc Teaneck, NJ | $17,160,980 | $19,921,065 |
Ideal School Of Manhattan New York, NY | $22,538,816 | $19,239,739 |
Peck School Morristown, NJ | $71,516,691 | $18,101,005 |