Craig School
- Assets
- $9.6m
- Revenue
- $8.0m
- Investments
- $0.0
- Employees
- 84
- Location
- Mountain Lakes, NJ
- Founding
- 07/1980
- Data as of
- 06/2021
- EIN
- 22-2283859
Organization Overview
Craig School is located in Mountain Lakes, NJ. The organization was established in 1980. 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, Craig School employed 84 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Craig 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, Craig School generated $8.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.8% each year. All expenses for the organization totaled $6.5m during the year ending 06/2021. While expenses have increased by 1.9% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO OFFER A STRATEGY-BASED, COMPREHENSIVE AND CHALLENGING EDUCATIONAL PROGRAM FOR NON-TRADITIONAL LEARNERS WHO DEMONSTRATE ACADEMIC POTENTIAL
Describe the Organization's Program Activity:
Part 3 - Line 4a
PRIVATE PRIMARY SCHOOL AND PRIVATE HIGH SCHOOL THAT PROMOTE THE EDUCATION OF NON-TRADITIONAL LEARNERS WHO DEMONSTRATE ACADEMIC POTENTIAL
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Niles Furlong Asst Director Lower School | 40 | $154,845 | |
Janet Cozine Director Lower School | 40 | $150,922 | |
Eric Caparulo Director High School | 40 | $142,636 | |
John Chismar Director Of Technology | 40 | $105,576 | |
Katherine Burke Director Of Development | 40 | $101,293 | |
Kara Loftin Head Of School | OfficerTrustee | 40 | $90,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,001,832 |
| Investment income | $48,223 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $114,631 |
| Net Income from Fundraising Events | $68,802 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,979,622 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $151,320 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $338,686 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,711,590 |
| Pension plan accruals and contributions | $138,004 |
| Other employee benefits | $329,915 |
| Payroll taxes | $291,923 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,538 |
| Fees for services: Accounting | $19,030 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $98,882 |
| Advertising and promotion | $35,992 |
| Office expenses | $147,055 |
| Information technology | $80,587 |
| Royalties | $0 |
| Occupancy | $386,658 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $112,834 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $184,293 |
| Insurance | $77,100 |
| All other expenses | $0 |
| Total functional expenses | $6,514,764 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,200,995 |
| Savings and temporary cash investments | $496,489 |
| Pledges and grants receivable | $27,710 |
| Accounts receivable, net | $139,420 |
| 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 | $44,654 |
| Investments—publicly traded securities | $1,362,393 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $10,000 |
| Total assets | $9,571,505 |
| Accounts payable and accrued expenses | $22,213 |
| Grants payable | $0 |
| Deferred revenue | $298,772 |
| 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 | $2,298,613 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $456,893 |
| Total liabilities | $3,076,491 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $6,495,014 |
Grants Recieved
Over the last fiscal year, we have identified 12 grants that Craig School has recieved totaling $110,703.
| Awarding Organization | Amount |
|---|---|
The@robert L Wallace Jr And Jane B Wallace Foundation Wall, NJ PURPOSE: CHARITABLE PURPOSE | $30,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $15,400 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $14,568 |
Charles F Knippenberg And Ruth J Knippenberg Foundation Inc Scottsdale, AZ PURPOSE: CHARITABLE | $10,000 |
Community Foundation Of New Jersey Morristown, NJ PURPOSE: GENERAL SUPPORT | $10,000 |
Lucy & Eleanor S Upton Charitable Foundation Jersey City, NJ PURPOSE: GENERAL USE | $10,000 |
Endowment Analysis
| Beg. Balance | $27,418 |
| Earnings | $28 |
| Net Contributions | $500 |
| Ending Balance | $27,946 |
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 |