Daytop Preparatory School
- Assets
- $692.7k
- Revenue
- $628.2k
- Investments
- $0.0
- Employees
- 30
- Location
- Mendham, NJ
- Founding
- 03/2003
- Data as of
- 06/2020
- EIN
- 22-3841950
Organization Overview
Daytop Preparatory School is located in Mendham, NJ. The organization was established in 2003. According to its NTEE Classification (B25) the organization is classified as: Secondary & High Schools, under the broad grouping of Education and related organizations. As of 06/2020, Daytop Preparatory School employed 30 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Daytop Preparatory 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 06/2020, Daytop Preparatory School generated $628.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (4.5%) each year. All expenses for the organization totaled $874.8k during the year ending 06/2020. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
DAYTOP NEW JERSEY ACADEMY (A NEW JERSEY NON-PROFIT CORPORATION) IS A PRIVATE SCHOOL FOR THE DISABLED WHICH PROVIDES SPECIAL EDUCATION SERVICES TO ADOLESCENTS STRUGGLING WITH THE DISEASE OF ADDICTION, ITS EFFECTS, AND CO-OCCURRING MENTAL HEALTH DISORDERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DAYTOP NEW JERSEY ACADEMY, (A NEW JERSEY NON-PROFIT CORPORATION) IS APPROVED TO SERVE PUPILS CLASSIFIED AS BEHAVIORALLY DISABLED, AND EXISTS TO MEET THE EDUCATIONAL REQUIREMENTS OF ADOLESCENTS PARTICIPATING IN THE DAYTOP VILLAGE-NEW JERSEY PROGRAM, A RESIDENTIAL ADOLESCENT SUBSTANCE ABUSE PROGRAM AND DAY STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James P Curtin Academy President | OfficerTrustee | 10 | $3,175 |
John Sette Chairman | OfficerTrustee | 2 | $0 |
Alexis Piombino Trustee | Trustee | 2 | $0 |
John Paul Velez Trustee | Trustee | 2 | $0 |
Jill Rathyen Trustee | OfficerTrustee | 10 | $0 |
Andrew Mayer Cfo/treasurer | OfficerTrustee | 10 | $2,199 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $628,185 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $5,973 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $274,393 |
| Pension plan accruals and contributions | $6,121 |
| Other employee benefits | $45,094 |
| Payroll taxes | $19,063 |
| 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 | $58,766 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $285,924 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $11,650 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,997 |
| Insurance | $32,332 |
| All other expenses | $0 |
| Total functional expenses | $874,751 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $56,067 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $491,596 |
| 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 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $131,597 |
| Total assets | $692,746 |
| Accounts payable and accrued expenses | $248,342 |
| 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 | $335,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $290,991 |
| Total liabilities | $874,333 |
| 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 | -$181,587 |