Erie Day School Inc
- Assets
- $5.5m
- Revenue
- $2.6m
- Investments
- $46.3k
- Employees
- 46
- Location
- Erie, PA
- Founding
- 10/1953
- Data as of
- 06/2022
- EIN
- 25-0990582
Organization Overview
Erie Day School Inc is located in Erie, PA. The organization was established in 1953. 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, Erie Day School Inc employed 46 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Erie Day 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, Erie Day School Inc generated $2.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.5% each year. All expenses for the organization totaled $2.3m during the year ending 06/2022. While expenses have increased by 1.0% 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
ERIE DAY SCHOOL IS A CO-EDUCATIONAL, INDEPENDENT ELEMENTARY SCHOOL (TODDLER THROUGH GRADE 8) LOCATED IN ERIE, PA. OUR EDUCATIONAL APPROACH VALUES THE INDIVIDUAL TALENTS, TRAITS AND ABILITIES OF OUR STUDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ERIE DAY SCHOOL IS A CO-EDUCATIONAL, INDEPENDENT ELEMENTARY SCHOOL: TODDLER THROUGH GRADE 8.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John M Schulze Treasurer | Officer | 5 | $0 |
Stephen Pelkowski Trustee | Officer | 5 | $0 |
Dawn Rooth-Schultz Trustee | Officer | 5 | $0 |
Matthew J Darling PHD Secretary | Officer | 2 | $0 |
Demetrios Agrafiotis Vice Chair | Trustee | 2 | $0 |
Michele Polon Trustee | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $284,747 |
| All other contributions, gifts, grants, and similar amounts not included above | $213,089 |
| Noncash contributions included in lines 1a–1f | $2,500 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $497,836 |
| Total Program Service Revenue | $2,045,192 |
| Investment income | -$4,108 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $34,347 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,573,267 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,280,409 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $284,104 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $11,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $11,751 |
| Office expenses | $23,022 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $101,127 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $73,978 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $176,401 |
| Insurance | $28,335 |
| All other expenses | $70,714 |
| Total functional expenses | $2,300,117 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $758,026 |
| Savings and temporary cash investments | $1,001 |
| Pledges and grants receivable | $10,930 |
| Accounts receivable, net | $2,226 |
| 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 | $2,224 |
| Net Land, buildings, and equipment | $4,663,925 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $46,289 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $45,295 |
| Total assets | $5,529,916 |
| Accounts payable and accrued expenses | $53,105 |
| 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 | $2,490,707 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $721,419 |
| Total liabilities | $3,265,231 |
| Net assets without donor restrictions | $2,207,466 |
| Net assets with donor restrictions | $57,219 |
| 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 | $5,529,916 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Erie Day School Inc has recieved totaling $47,829.
| Awarding Organization | Amount |
|---|---|
Erie Community Foundation Erie, PA PURPOSE: VARIOUS PROJECTS | $46,627 |
Henry E And Laurana S Fish Foundation Fairview, PA PURPOSE: UNRESTRICTED | $1,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $202 |
Endowment Analysis
| Beg. Balance | $417,984 |
| Earnings | -$2,236 |
| Admin Expense | $4,422 |
| Net Contributions | $103 |
| Grants | $20,900 |
| Ending Balance | $390,529 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Heights Inc Potomac, MD | $28,496,015 | $21,762,530 |
New Foundations Charter School Marlton, NJ | $17,967,778 | $23,202,828 |
Village Community School New York, NY | $70,966,980 | $22,510,782 |
The Foundation Schools Largo, MD | $16,377,358 | $19,826,112 |
Sanford School Inc Hockessin, DE | $33,539,309 | $20,013,159 |
Speyer Legacy School New York, NY | $16,160,814 | $25,812,126 |
Annapolis Area Christian School Association Inc Severn, MD | $29,091,894 | $17,563,578 |
Lancaster Country Day School Lancaster, PA | $75,848,302 | $20,350,115 |
Norwood School Inc Bethesda, MD | $57,964,554 | $24,196,645 |
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 |