Purnell School
- Assets
- $4.3m
- Revenue
- $5.1m
- Investments
- $0.0
- Employees
- 56
- Location
- Pottersville, NJ
- Founding
- 09/1964
- Data as of
- 06/2021
- EIN
- 22-1756952
Organization Overview
Purnell School is located in Pottersville, NJ. The organization was established in 1964. 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 06/2021, Purnell School employed 56 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Purnell 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, Purnell School generated $5.1m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.1% each year. All expenses for the organization totaled $5.8m during the year ending 06/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE SECONDARY EDUCATION FOR YOUNG WOMEN FROM GRADES NINE THROUGH TWELVE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE SCHOOL PROVIDES RESIDENTIAL SECONDARY EDUCATION TO APPROXIMATELY 58 YOUNG WOMEN IN GRADES 9 THROUGH 12. THE SCHOOL ALSO PROVIDES EXTRA-CURRICULAR ACTIVITIES, CULTURAL PROGRAMS, AND OTHER ANCILLARY SERVICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Anne Glass Associate Head Of School | Officer | 40 | $199,172 |
Joesph Mcpeak CFO | Officer | 40 | $105,619 |
Jeremy Jeffery Chairman | OfficerTrustee | 2 | $0 |
Alan Warren Trustee | Trustee | 2 | $0 |
Martha Bellis Gregg Trustee | Trustee | 2 | $0 |
Genevieve Madigan Trustee | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $505,400 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,376,207 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,881,607 |
| Total Program Service Revenue | $3,222,618 |
| Investment income | $668 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $124 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,105,017 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $803,730 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $340,326 |
| Compensation of current officers, directors, key employees. | $340,326 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,924,106 |
| Pension plan accruals and contributions | $35,632 |
| Other employee benefits | $279,275 |
| Payroll taxes | $154,631 |
| 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 | $673,068 |
| Advertising and promotion | $35,290 |
| Office expenses | $114,253 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $299,993 |
| Travel | $13,544 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $15,236 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $433,150 |
| Insurance | $177,662 |
| All other expenses | $0 |
| Total functional expenses | $5,824,540 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $25,236 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $133,364 |
| 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 | $0 |
| Net Land, buildings, and equipment | $4,126,015 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,284,615 |
| Accounts payable and accrued expenses | $303,126 |
| 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 | $592,500 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $667,520 |
| Total liabilities | $1,563,146 |
| Net assets without donor restrictions | $2,721,469 |
| 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 | $4,284,615 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Purnell School has recieved totaling $405,021.
| Awarding Organization | Amount |
|---|---|
Laura M & Peter T Grauer Foundation New York, NY PURPOSE: GENERAL PURPOSE | $375,000 |
Third Street Foundation Portsmouth, NH PURPOSE: ANNUAL FUND | $20,000 |
Moccasin Lake Foundation wilmington, DE PURPOSE: GENERAL & UNRESTRICTED | $10,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $21 |
Endowment Analysis
| Beg. Balance | $15,890 |
| Earnings | $145 |
| Admin Expense | $21 |
| Other Expense | $16,014 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
New Foundations Charter School Marlton, NJ | $17,967,778 | $23,202,828 |
Village Community School New York, NY | $70,966,980 | $22,510,782 |
Sanford School Inc Hockessin, DE | $33,539,309 | $20,013,159 |
Speyer Legacy School New York, NY | $16,160,814 | $25,812,126 |
Lancaster Country Day School Lancaster, PA | $75,848,302 | $20,350,115 |
Freire Charter School Philadelphia, PA | $7,896,247 | $17,871,218 |
Academy In Manayunk Inc Conshohocken, PA | $64,687,092 | $23,625,839 |
Sussex Academy Of Arts & Sciences Inc Georgetown, DE | $42,610,221 | $13,826,672 |
Celebrate The Children Inc Denville, NJ | $8,659,449 | $15,671,388 |
Eugenio Maria De Hostos Charter School Rochester, NY | $9,947,408 | $17,341,158 |
Buckley Country Day School Roslyn, NY | $25,298,235 | $15,722,484 |
Big Apple Institute Inc Brooklyn, NY | $4,985,995 | $17,005,118 |