Ps 58 Parent Teacher Association
- Assets
- $738.3k
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 87
- Location
- Brooklyn, NY
- Founding
- 02/2008
- Data as of
- 06/2021
- EIN
- 54-2159278
Organization Overview
Ps 58 Parent Teacher Association is located in Brooklyn, NY. The organization was established in 2008. According to its NTEE Classification (B94) the organization is classified as: Parent & Teacher Groups, under the broad grouping of Education and related organizations. As of 06/2021, Ps 58 Parent Teacher Association employed 87 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ps 58 Parent Teacher Association 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, Ps 58 Parent Teacher Association generated $1.2m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (1.3%) each year. All expenses for the organization totaled $1.1m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (2.7%) per year over the past 6 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
SUPPORT AND IMPLEMENT A VARIETY OF EDUCATIONAL AND CULTURAL PROGRAMS FOR THE STUDENTS AND FAMILIES OF THE PS 58 CARROLL SCHOOL COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
AFTER SCHOOL PROGRAMS (KINDERGARTEN TO FIFTH GRADE) SCHOOL ENRICHMENT PROGRAMS: IN-CLASS PROGRAMMING MUSIC AND ARTS PROGRAM OTHER SCHOOL ENRICHMENT PROGRAMS
SCHOOL & COMMUNITY SUPPORTS: COMMUNITY, SCHOOL, STAFFING SUPPORT; SECURITY & SAFETY; STAFF APPRECIATION; STAFF SUPPLIES AND PROFESSIONAL DEVELOPMENT
STUDEN ENRICHMENT EXPENSES MINI GRANTS & CURRICULAR GRANTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Vacant Secretary-Correspondence | Officer | 0 | $0 |
Patrick Dempsey Secretary-Recording | Officer | 3 | $0 |
Maurice Frechette Treasurer Offsite | Officer | 3 | $0 |
Lisa Collins Co-Fundraising Coordinator | Officer | 5 | $0 |
Lindsay Stewart Co-Fundraising Coordinator | Officer | 5 | $0 |
Negar Treister Co-President | Officer | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $5,450 |
| Fundraising events | $290,139 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $295,589 |
| Total Program Service Revenue | $896,387 |
| Investment income | $37 |
| 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 | $1,192,013 |
| 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 | $583,260 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $44,476 |
| 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 | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $18 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $8,396 |
| All other expenses | $278,897 |
| Total functional expenses | $1,119,513 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $535,559 |
| Savings and temporary cash investments | $202,763 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $738,322 |
| 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 | $387,323 |
| Other liabilities | $0 |
| Total liabilities | $387,323 |
| Net assets without donor restrictions | $0 |
| 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 | $350,999 |
| Total liabilities and net assets/fund balances | $738,322 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Ps 58 Parent Teacher Association has recieved totaling $9,394.
| Awarding Organization | Amount |
|---|---|
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $7,879 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $1,240 |
Pfizer Foundation Inc New York, NY PURPOSE: MATCHING GIFTS | $200 |
Pfizer Foundation Inc New York, NY PURPOSE: MATCHING GIFTS | $75 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Homefront Inc Lawrenceville, NJ | $19,924,058 | $15,972,096 |
Boston After School & Beyond Inc Boston, MA | $8,204,182 | $8,812,020 |
Trustees Of The Free Public Library Of The Township Of East Brunswick East Brunswick, NJ | $2,206,212 | $3,599,309 |
Ketchum Grande Memoriall School Burnt Hills, NY | $5,061,922 | $2,742,920 |
Partners For Educational Leadership Inc West Hartford, CT | $1,925,828 | $2,519,972 |
Friends Of Dpny Inc Bronx, NY | $12,098,306 | $76,758 |
Parent Network Of New York State 1 Inc Buffalo, NY | $897,393 | $1,372,692 |
Parents And Teachers Association Of P S 29 Inc Brooklyn, NY | $571,073 | $1,446,218 |
Ps 58 Parent Teacher Association Brooklyn, NY | $738,322 | $1,192,013 |
Vita Education Services Inc Doylestown, PA | $624,691 | $1,073,219 |
Pennsylvania Association Of School Retirees Mechanicsburg, PA | $1,965,165 | $1,182,549 |
Pta New York Congress Bronxville, NY | $696,365 | $1,040,699 |