Grayson School
- Assets
- $2.2m
- Revenue
- $5.5m
- Investments
- $0.0
- Employees
- 60
- Location
- Radnor, PA
- Founding
- 12/2013
- Data as of
- 06/2021
- EIN
- 45-5604824
Organization Overview
Grayson School is located in Radnor, PA. The organization was established in 2013. 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 06/2021, Grayson School employed 60 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Grayson 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 06/2021, Grayson School generated $5.5m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 49.4% each year . All expenses for the organization totaled $5.2m during the year ending 06/2021. While expenses have increased by 56.0% per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE GRAYSON SCHOOL PROVIDES GIFTED CHILDREN A CHALLENGING, RESEARCH-BASED EDUCATION WORTHY OF THEIR INTELLECT AND THEIR INTRINSIC DESIRE TO LEARN AND THINK DEEPLY. WE SERVE AS A VALUED RESOURCE FOR THE GIFTED EDUCATION COMMUNITY IN PHILADELPHIA AND NATIONWIDE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE GRAYSON SCHOOL PROVIDES GIFTED CHILDREN A CHALLENGING, RESEARCH-BASED EDUCATION WORTHY OF THEIR INTELLECT AND THEIR INTRINSIC DESIRE TO LEARN AND THINK DEEPLY. WE SERVE AS A VALUED RESOURCE FOR THE GIFTED EDUCATION COMMUNITY IN PHILADELPHIA AND NATIONWIDE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Melissa Bilash Head Of Scho | OfficerTrustee | 45 | $141,867 |
Sam Greenblatt Chairman | OfficerTrustee | 10 | $0 |
Karen Noonan Treasurer/se | OfficerTrustee | 5 | $0 |
Suzanne Ciongoli Trustee | Trustee | 10 | $0 |
Tiffani Hurst Trustee | Trustee | 5 | $0 |
Jeff Levinson MBA Trustee | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $174,267 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $861,353 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,035,620 |
| Total Program Service Revenue | $4,073,705 |
| Investment income | $427 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $6,345 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,527,978 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,092,496 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $156,278 |
| Compensation of current officers, directors, key employees. | $46,884 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,225,951 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $247,886 |
| Payroll taxes | $177,554 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,636 |
| Fees for services: Accounting | $42,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $18,558 |
| Advertising and promotion | $14,280 |
| Office expenses | $111,170 |
| Information technology | $17,178 |
| Royalties | $0 |
| Occupancy | $434,792 |
| Travel | $10,847 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $22,687 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $128,134 |
| Insurance | $35,722 |
| All other expenses | $109,059 |
| Total functional expenses | $5,201,919 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,196,077 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $59,773 |
| Accounts receivable, net | $73,957 |
| 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 | $136,010 |
| Net Land, buildings, and equipment | $384,400 |
| Investments—publicly traded securities | $5,601 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $386,893 |
| Total assets | $2,242,711 |
| Accounts payable and accrued expenses | $338,599 |
| Grants payable | $0 |
| Deferred revenue | $866,298 |
| 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 | $307,842 |
| Unsecured mortgages and notes payable | $152,099 |
| Other liabilities | $0 |
| Total liabilities | $1,664,838 |
| Net assets without donor restrictions | -$111,279 |
| Net assets with donor restrictions | $689,152 |
| 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 | $2,242,711 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Grayson School has recieved totaling $1,169,500.
| Awarding Organization | Amount |
|---|---|
Central Pennsylvania Scholarship Fund Tyrone, PA PURPOSE: PENNSYLVANIA EITC SCHOLARSHIPS | $1,163,500 |
Fidelity Investments Charitable Gift Fund Boston, MA PURPOSE: For grant recipient's exempt purposes | $6,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Executive Education Academy Charter School Allentown, PA | $63,584,076 | $23,169,797 |
Foundation Academy Charter School Trenton, NJ | $16,120,573 | $21,345,321 |
Albany Academy Albany, NY | $58,726,077 | $27,181,105 |
Tatnall School Inc Wilmington, DE | $48,687,568 | $19,526,911 |
Elisabeth Morrow School Englewood, NJ | $43,835,854 | $20,290,882 |
Yeshiva Ktana Of Passaic Passaic, NJ | $33,764,196 | $20,538,079 |
Franklintown Charter High School Philadelphia, PA | $47,616,708 | $24,090,071 |
Nichols School Of Buffalo Buffalo, NY | $102,003,479 | $42,213,694 |
Yeshiva Shaare Torah Inc Brooklyn, NY | $32,363,623 | $20,724,747 |
Yeshivat Heatid Inc Teaneck, NJ | $17,160,980 | $19,921,065 |
Ideal School Of Manhattan New York, NY | $22,538,816 | $19,239,739 |
Peck School Morristown, NJ | $71,516,691 | $18,101,005 |