Far Brook School
- Assets
- $27.0m
- Revenue
- $11.8m
- Investments
- $0.0
- Employees
- 97
- Location
- Short Hills, NJ
- Founding
- 10/1954
- Data as of
- 06/2022
- EIN
- 22-1487185
Organization Overview
Far Brook School is located in Short Hills, NJ. The organization was established in 1954. 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 06/2022, Far Brook School employed 97 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Far Brook 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, Far Brook School generated $11.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.6% each year. All expenses for the organization totaled $11.2m during the year ending 06/2022. While expenses have increased by 2.5% 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
CO-EDUCATIONAL INDEPENDENT DAY SCHOOL PROVIDING EDUCATION TO STUDENTS IN GRADES NURSERY THROUGH GRADE EIGHT. OUR PURPOSE IS TO CREATE A SUPPORTIVE AND CARING COMMUNITY THAT CHERISHES LOVE OF LEARNING CREATIVITY, AND INDIVIDUALITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FAR BROOK SCHOOL IS AN INDEPENDENT DAY SCHOOL LOCATED IN SHORT HILLS, NEW JERSEY. THE SCHOOL PROVIDES ELEMENTARY EDUCATION FOR BOYS AND GIRLS IN NURSERY THROUGH GRADE EIGHT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marc Schwartz President & Chair | OfficerTrustee | 10 | $0 |
Christopher Burns Treasurer | OfficerTrustee | 5 | $0 |
Doak Sergent Secretary | OfficerTrustee | 5 | $0 |
Diane Bakst Trustee | Trustee | 5 | $0 |
Carmine Fanelle Trustee | Trustee | 5 | $0 |
Greg Hoffman Trustee, Thru June 2022 | Trustee | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Centerbrook Architects Design Of Buildings | 6/29/16 | $311,734 |
E Allen Reeves Inc Construction | 6/29/16 | $3,278,747 |
Rocky Cleaners Llc Cleaning Services | 6/29/16 | $100,450 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $28,940 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $826,495 |
| Noncash contributions included in lines 1a–1f | $42,830 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $855,435 |
| Total Program Service Revenue | $10,694,029 |
| Investment income | $223,826 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $19,400 |
| Net Gain/Loss on Asset Sales | -$607 |
| Net Income from Fundraising Events | -$24,149 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $11,768,545 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,171,578 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $694,512 |
| Compensation of current officers, directors, key employees. | $694,512 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,611,432 |
| Pension plan accruals and contributions | $241,708 |
| Other employee benefits | $1,047,651 |
| Payroll taxes | $514,525 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $18,782 |
| Fees for services: Accounting | $39,470 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $27,775 |
| Fees for services: Other | $121,075 |
| Advertising and promotion | $130,494 |
| Office expenses | $133,209 |
| Information technology | $202,431 |
| Royalties | $0 |
| Occupancy | $106,437 |
| Travel | $65,953 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $123,270 |
| Interest | $173,864 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $573,240 |
| Insurance | $57,086 |
| All other expenses | $212,568 |
| Total functional expenses | $11,153,738 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $552,666 |
| Savings and temporary cash investments | $4,092,126 |
| Pledges and grants receivable | $942,098 |
| Accounts receivable, net | $356,690 |
| 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 | $338,278 |
| Net Land, buildings, and equipment | $12,542,835 |
| Investments—publicly traded securities | $8,152,943 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $26,977,636 |
| Accounts payable and accrued expenses | $1,018,799 |
| Grants payable | $0 |
| Deferred revenue | $1,821,001 |
| 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 | $3,693,051 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $6,532,851 |
| Net assets without donor restrictions | $13,182,603 |
| Net assets with donor restrictions | $7,262,182 |
| 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 | $26,977,636 |