Patrick School Inc
- Assets
- $430.0k
- Revenue
- $476.3k
- Investments
- $0.0
- Employees
- 4
- Location
- Elizabeth, NJ
- Founding
- 08/2013
- Data as of
- 12/2021
- EIN
- 38-3872828
Organization Overview
Patrick School Inc is located in Elizabeth, NJ. The organization was established in 2013. 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 12/2021, Patrick School Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Patrick 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 12/2021, Patrick School Inc generated $476.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (8.4%) each year. All expenses for the organization totaled $465.3k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (8.3%) per year over the past 7 years. 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
PRIVATE NOT FOR PROFIT SECONDARY SCHOOL THAT PROVIDES A COMPREHENSIVE AND AFFORDABLE EDUCATION TO STUDENTS FROM ALL SOCIOECONOMIC BACKGROUNDS. THE MISSION OF THE SCHOOL IS TO FOSTER IN STUDENTS A LIFE-LONG PASSION FOR LEARNING, INDIVIDUAL GROWTH, AND SOCIAL RESPONSIBILITY IN A SAFE AND FAMILIAL ENVIRONMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SECONDARY SCHOOL EDUCATION TO A DIVERSIFIED STUDENT BODY CONSISTING OF APPROXIMATELY 85 STUDENTS (ENROLLMENT FLUCTUATES).
BASKETBALL PROGRAM FOR GIRLS AND BOYS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Christopher Chavannes President | Trustee | 50 | $40,000 |
Dr Mary Jo Mckinley Principal | Trustee | 45 | $35,000 |
David R Lipman Advisor | Officer | 10 | $0 |
Amanda Chavannes Trustee | Trustee | 5 | $0 |
Isaiah Werd Trustee | Trustee | 5 | $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 | $150,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $150,000 |
| Total Program Service Revenue | $326,255 |
| 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 | $476,255 |
| 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. | $75,000 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $81,443 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $21,970 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,400 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $14,805 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $20,200 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $52,224 |
| Insurance | $13,643 |
| All other expenses | $0 |
| Total functional expenses | $465,328 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $41,033 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $52,289 |
| 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 | $336,698 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $430,020 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $7,242 |
| Other liabilities | $0 |
| Total liabilities | $7,242 |
| Net assets without donor restrictions | $422,778 |
| 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 | $430,020 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Patrick School Inc has recieved totaling $50,000.
| Awarding Organization | Amount |
|---|---|
Tsunami Foundation West Palm Beach, FL PURPOSE: CHARITABLE CONTRIBUTION - PROVIDE COMPREHENSIVE AND AFFORDABLE EDUCATION TO STUDENTS FROM ALL SOCIOECONOMIC BACKGROUNDS | $50,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Trustees Of The Lawrenceville School Lawrenceville, NJ | $908,146,906 | $142,227,478 |
The Hill School Pottstown, PA | $339,549,890 | $89,638,080 |
Regents Of The Mercersburg College Mercersburg, PA | $535,140,744 | $49,172,082 |
Blair Academy Blairstown, NJ | $256,075,147 | $54,316,334 |
Morristown-Beard School Morristown, NJ | $71,175,267 | $35,071,625 |
Pennington School Pennington, NJ | $95,126,184 | $33,377,887 |
St Andrews School Of Delaware Inc Middletown, DE | $398,873,444 | $32,788,416 |
Malvern Preparatory School Malvern, PA | $76,971,760 | $36,046,304 |
Emma Willard School Troy, NY | $275,716,852 | $137,236,966 |
Frisch School Paramus, NJ | $52,896,867 | $30,193,228 |
Integration Charter Schools Staten Island, NY | $20,881,046 | $32,287,318 |
Millbrook School Millbrook, NY | $138,607,846 | $30,124,599 |