Gulfstream School Inc
- Assets
- $26.4m
- Revenue
- $8.6m
- Investments
- $0.0
- Employees
- 67
- Location
- Gulf Stream, FL
- Founding
- 10/1964
- Data as of
- 06/2022
- EIN
- 59-0977808
Organization Overview
Gulfstream School Inc is located in Gulf Stream, FL. The organization was established in 1964. According to its NTEE Classification (B21) the organization is classified as: Preschools, under the broad grouping of Education and related organizations. As of 06/2022, Gulfstream School Inc employed 67 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Gulfstream 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, Gulfstream School Inc generated $8.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.4% each year. All expenses for the organization totaled $9.0m during the year ending 06/2022. While expenses have increased by 4.9% 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
EDUCATION OF GRADES PRE-SCHOOL THROUGH EIGHTH GRADE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COMPREHENSIVE EDUCATIONAL PROGRAM SERVING STUDENTS FROM PRE-SCHOOL THROUGH EIGHTH GRADE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Derick Smith Head Of School | Officer | 45 | $253,927 |
Hugh A Mcgraw CFO | Officer | 45 | $140,555 |
Cathy Abrams Assistant Head Of School | 45 | $122,940 | |
Anita Benson Director Of Counseling | 45 | $121,874 | |
Casey Wilson Director Of Development | 45 | $106,063 | |
Michael Mahady Director Of Admissions | 45 | $104,154 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $361,322 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $653,290 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,014,612 |
| Total Program Service Revenue | $7,666,432 |
| Investment income | $2,048 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$25,195 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$86,082 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,595,738 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $718,013 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $387,158 |
| Compensation of current officers, directors, key employees. | $120,349 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,037,355 |
| Pension plan accruals and contributions | $282,319 |
| Other employee benefits | $513,046 |
| Payroll taxes | $317,371 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $40,536 |
| Fees for services: Accounting | $20,653 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $58,763 |
| Fees for services: Other | $0 |
| Advertising and promotion | $162,157 |
| Office expenses | $206,439 |
| Information technology | $78,874 |
| Royalties | $0 |
| Occupancy | $413,123 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $19,722 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $588,927 |
| Insurance | $312,288 |
| All other expenses | $175,097 |
| Total functional expenses | $9,027,509 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,358,442 |
| Pledges and grants receivable | $53,052 |
| Accounts receivable, net | $187,751 |
| 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 | $194,773 |
| Net Land, buildings, and equipment | $7,250,926 |
| Investments—publicly traded securities | $17,364,409 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $26,409,353 |
| Accounts payable and accrued expenses | $892,530 |
| Grants payable | $0 |
| Deferred revenue | $1,005,471 |
| 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 | $0 |
| Total liabilities | $1,898,001 |
| Net assets without donor restrictions | $21,086,578 |
| Net assets with donor restrictions | $3,424,774 |
| 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 | $26,409,353 |
Grants Recieved
Over the last fiscal year, we have identified 14 grants that Gulfstream School Inc has recieved totaling $161,250.
| Awarding Organization | Amount |
|---|---|
Goldman Sachs Philanthropy Fund New York, NY PURPOSE: EDUCATION | $28,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $25,250 |
Young Family Foundation Inc Delray Beach, FL PURPOSE: EDUCATION | $25,000 |
Ina B Bond Ashbourne Charitable Fund Louisville, KY PURPOSE: SUPPORT | $20,000 |
Nor Easter Foundation Wilmington, DE PURPOSE: RELIGIOUS, CHARITABLE, SCIENTIFIC, LITERARY AND EDUCATIONAL PURPOSES | $10,000 |
W L Lyons Brown Foundation Louisville, KY PURPOSE: OPERATIOANL SUPPORT | $10,000 |
Endowment Analysis
| Beg. Balance | $19,566,495 |
| Earnings | -$2,506,608 |
| Net Contributions | $2,602,696 |
| Other Expense | $25,000 |
| Ending Balance | $16,490,597 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Children First Inc Sarasota, FL | $8,906,542 | $13,314,523 |
Le Jardin Community Center Inc Homestead, FL | $6,704,998 | $12,650,316 |
Pine School Inc Hobe Sound, FL | $19,297,694 | $13,018,702 |
Gulfstream School Inc Gulf Stream, FL | $26,409,353 | $8,595,738 |
Jacksonville Country Day School Jacksonville, FL | $17,414,730 | $8,804,940 |
The Augusta Preparatory Day School Martinez, GA | $25,344,401 | $14,944,838 |
High Meadows School Inc Roswell, GA | $15,794,704 | $8,144,978 |
Sumter County Opportunities Inc Livingston, AL | $567,206 | $6,863,023 |
Kids Community College Charter School Inc Riverview, FL | $7,872,598 | $5,385,962 |
North Florida Child Development Inc Wewahitchka, FL | $5,676,621 | $4,866,266 |
John Milledge Academy Inc Milledgeville, GA | $6,442,412 | $5,275,141 |
Arbor Montessori School Inc Decatur, GA | $12,591,024 | $5,054,396 |