Japhet School Incorporated
- Assets
- $3.1m
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 25
- Location
- Clawson, MI
- Founding
- 05/1976
- Data as of
- 08/2023
- EIN
- 38-2118393
Organization Overview
Japhet School Incorporated is located in Clawson, MI. The organization was established in 1976. 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 08/2023, Japhet School Incorporated employed 25 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Japhet School Incorporated 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 08/2023, Japhet School Incorporated generated $1.5m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.5% each year. All expenses for the organization totaled $984.9k during the year ending 08/2023. While expenses have increased by 0.7% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
JAPHET SCHOOL IS AN INDEPENDENT SCHOOL ACCREDITED BY INDEPENDENT SCHOOLS ASSOCIATION OF CENTRAL STATES, EDUCATING STUDENTS IN PRESCHOOL THROUGH 8TH GRADE, WITH A LOW STUDENT-TO-TEACHER RATIO. INTEGRATED WITH ACADEMICS IS AN AWARD-WINNING CHARACTER CURRICULUM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
JAPHET SCHOOL PROVIDES SCHOOLING FOR PRE-SCHOOL THROUGH 8TH GRADE, CHILDCARE, AND SPECIAL ENRICHMENT AND SUMMER PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kerri Vizena Head Of School | Officer | 40 | $87,000 |
Michael Wooley Trustee | Trustee | 1 | $0 |
Kelly Mazurkiewicz Trustee | Trustee | 1 | $0 |
Cathy Samanen Trustee | Trustee | 1 | $0 |
Martha Moyer Trustee | Trustee | 1 | $0 |
Carol Outland Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $146,588 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $146,588 |
| Total Program Service Revenue | $755,645 |
| Investment income | $95,162 |
| 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 | $1,488,746 |
| 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 | $671,527 |
| Pension plan accruals and contributions | $7,425 |
| Other employee benefits | $0 |
| Payroll taxes | $50,244 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,750 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $22,598 |
| Office expenses | $14,179 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $50,155 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $3,101 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $43,906 |
| Insurance | $14,202 |
| All other expenses | $28,667 |
| Total functional expenses | $984,875 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $452,944 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $12,462 |
| 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 | $1,295,217 |
| Investments—publicly traded securities | $1,330,051 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,090,674 |
| Accounts payable and accrued expenses | $3,595 |
| Grants payable | $0 |
| Deferred revenue | $79,774 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $39,447 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $122,816 |
| Net assets without donor restrictions | $2,106,651 |
| Net assets with donor restrictions | $861,207 |
| 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 | $3,090,674 |