Prairie School Inc
- Assets
- $75.8m
- Revenue
- $20.7m
- Investments
- $339.5k
- Employees
- 226
- Location
- Racine, WI
- Founding
- 09/1964
- Data as of
- 06/2022
- EIN
- 39-6074931
Organization Overview
Prairie School Inc is located in Racine, WI. The organization was established in 1964. According to its NTEE Classification (B20) the organization is classified as: Elementary & Secondary Schools, under the broad grouping of Education and related organizations. As of 06/2022, Prairie School Inc employed 226 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Prairie 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, Prairie School Inc generated $20.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.2% each year. All expenses for the organization totaled $16.4m during the year ending 06/2022. While expenses have increased by 1.4% 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
K-12 EDUCATION IN A PRIVATE SCHOOL SETTING
Describe the Organization's Program Activity:
Part 3 - Line 4a
INSTRUCTIONAL AND RELATED ACTIVITIES IMPROVING AND DEVELOPING CHILDREN. 600 STUDENTS WERE ENROLLED IN THE SCHOOL DURING THE CURRENT REPORTING PERIOD.
BUILDING OPERATION AND MAINTENANCE OF FACILITIES TO PROVIDE A PLACE FORSTUDENTS ENROLLED TO ATTEND EDUCATIONAL ACTIVITIES ON A REGULAR BASIS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nathaniel Coffman President/head Of School | Officer | 50 | $321,438 |
Steven Joost Asst. Secretary/treasurer | Officer | 50 | $152,999 |
Joseph Veranth Treasurer, Chair Of Financ | OfficerTrustee | 1 | $0 |
John Batten Vice Chairman | OfficerTrustee | 1 | $0 |
Richard Ruffo Secretary | OfficerTrustee | 1 | $0 |
Helen Johnson-Leipold Chairman | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $156,097 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,770,109 |
| Noncash contributions included in lines 1a–1f | $40,944 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,926,206 |
| Total Program Service Revenue | $12,086,213 |
| Investment income | $3,416,837 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $996,985 |
| Net Income from Fundraising Events | $213,905 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $20,722,980 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $2,970,935 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $545,197 |
| Compensation of current officers, directors, key employees. | $109,039 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $6,116,879 |
| Pension plan accruals and contributions | $419,028 |
| Other employee benefits | $1,080,051 |
| Payroll taxes | $486,133 |
| 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 | $228,803 |
| Fees for services: Other | $50,986 |
| Advertising and promotion | $0 |
| Office expenses | $121,184 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $961,610 |
| Travel | $17,321 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | -$7,864 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,215,125 |
| Insurance | $147,024 |
| All other expenses | $891,150 |
| Total functional expenses | $16,431,956 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,308,662 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $1,394,115 |
| Accounts receivable, net | $90,308 |
| 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 | $16,317 |
| Net Land, buildings, and equipment | $18,940,852 |
| Investments—publicly traded securities | $45,207,819 |
| Investments—other securities | $339,532 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $6,503,641 |
| Total assets | $75,801,246 |
| Accounts payable and accrued expenses | $837,195 |
| Grants payable | $0 |
| Deferred revenue | $1,044,167 |
| 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 | $0 |
| Other liabilities | $447,758 |
| Total liabilities | $2,329,120 |
| Net assets without donor restrictions | $28,794,870 |
| Net assets with donor restrictions | $44,677,256 |
| 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 | $75,801,246 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Prairie School Inc has recieved totaling $31,905.
| Awarding Organization | Amount |
|---|---|
Ruffo Family Foundation Inc Racine, WI PURPOSE: SUPPORT THE PREMIERE SCHOLARSHIP PROGRAM, THE RUFFO FAMILY SCHOLARSHIP FUND, AND SPONSOR THE GOLF OUTING | $31,905 |
Endowment Analysis
| Beg. Balance | $54,090,352 |
| Earnings | $7,117,948 |
| Net Contributions | $1,602,963 |
| Grants | $1,610,522 |
| Ending Balance | $46,964,845 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Francis W Parker School Chicago, IL | $194,788,594 | $67,683,715 |
Detroit Country Day School Beverly Hills, MI | $149,218,548 | $52,745,036 |
Breck School Minneapolis, MN | $145,805,473 | $46,151,265 |
St Lukes-Jones Regional Medical Center Anamosa, IA | $65,819,310 | $47,904,266 |
University School Of Milwaukee Corporation Milwaukee, WI | $59,516,474 | $37,531,617 |
St Paul Academy And Summit School Saint Paul, MN | $155,552,723 | $37,579,320 |
Shattuck-St Marys Schools Faribault, MN | $98,168,921 | $33,078,824 |
Hiawatha Academies Minneapolis, MN | $17,479,202 | $30,126,706 |
Minnehaha Academy Minneapolis, MN | $87,515,002 | $27,566,696 |
North Shore Country Day School Winnetka, IL | $93,458,208 | $25,821,359 |
University Liggett School Grosse Pointe Woods, MI | $57,464,104 | $24,976,591 |
Holland Christian Education Society Holland, MI | $45,583,188 | $25,356,655 |