Benjamin Private School Inc
- Assets
- $93.0m
- Revenue
- $35.7m
- Investments
- $0.0
- Employees
- 336
- Location
- North Palm Beach, FL
- Founding
- 09/1974
- Data as of
- 06/2021
- EIN
- 59-1536502
Organization Overview
Benjamin Private School Inc is located in North Palm Beach, FL. The organization was established in 1974. 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, Benjamin Private School Inc employed 336 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Benjamin Private 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 06/2021, Benjamin Private School Inc generated $35.7m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.3% each year. All expenses for the organization totaled $30.6m during the year ending 06/2021. While expenses have increased by 1.3% 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 MISSION OF THE BENJAMIN SCHOOL IS TO PROVIDE A CHALLENGING COLLEGE PREPATORY EDUCATION TO A DIVERSE STUDENT BODY IN A STRUCTURED, NURTURING COMMUNITY ENVIRONMENT. THE SCHOOL MOTIVATES STUDENTS TO MASTER THE SKILLS OF LEARNING, COMMUNICATING, AND EVALUATING CHOICES, AND ENCOURAGES THEM TO GROW INTELLECTUALLY, SOCIALLY, MORALLY AND PHYSICALLY TO THEIR FULLEST INDIVIDUAL POTENTIAL. BENJAMIN INSPIRES ITS STUDENTS TO DEVELOP A COHERENT SET OF VALUES THAT INCLUDES LOVE OF LEARNING, PERSONAL RESPONSIBILITY, SELF-MOTIVATION, CONCERN FOR OTHERS AND A DESIRE TO SERVE SOCIETY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE BENJAMIN SCHOOL MOTIVATES STUDENTS TO MASTER THE SKILLS OF LEARNING, COMMUNICATING AND EVALUATING CHOICES, AND ENCOURAGES THEM TO GROW INTELLECTUALLY, SOCIALLY, MORALLY, AESTHETICALLY AND PHYSICALLY TO THEIR FULLEST INDIVIDUAL POTENTIAL. THE SCHOOL ADDRESSES THE STUDENTS' ACADEMIC NEEDS WHILE DEVELOPING AND SUPPORTING THEIR INTEREST IN AND PASSION FOR THE ARTS, ATHLETICS AND COMMUNITY SERVICE. THE SCHOOL PROVIDES A CHALLENGING COLLEGE PREPARATORY EDUCATION WITH 27 ADVANCED PLACEMENT COURSES, 16 HONORS COURSES AND STATE-OF-THE-ART SCIENCE AND WORLD LANGUAGE LABORATORIES. IN THE CURRENT YEAR THE SCHOOL HAD 100% COLLEGE MATRICULATION TO SOME OF THE NATION'S MOST PRESTIGIOUS UNIVERSITIES.
SUMMER CAMP CONSISTS OF A VARIETY OF ACTIVITIES TO PROVIDE STUDENTS WITH A FULLFILLING SUMMER VACATION.
THE BENJAMIN SCHOOL MOTIVATES STUDENTS TO MASTER THE SKILLS OF LEARNING, COMMUNICATING AND EVALUATING CHOICES, AND ENCOURAGES THEM TO GROW INTELLECTUALLY, SOCIALLY, MORALLY, AESTHETICALLY AND PHYSICALLY TO THEIR FULLEST INDIVIDUAL POTENTIAL. THE SCHOOL ADDRESSES THE STUDENTS' ACADEMIC NEEDS WHILE DEVELOPING AND SUPPORTING THEIR INTEREST IN AND PASSION FOR THE ARTS, ATHLETICS AND COMMUNITY SERVICE. THE SCHOOL PROVIDES A CHALLENGING COLLEGE PREPARATORY EDUCATION WITH 27 ADVANCED PLACEMENT COURSES, 16 HONORS COURSES AND STATE-OF-THE-ART SCIENCE AND WORLD LANGUAGE LABORATORIES. IN THE CURRENT YEAR THE SCHOOL HAD 100% COLLEGE MATRICULATION TO SOME OF THE NATION'S MOST PRESTIGIOUS UNIVERSITIES.
SUMMER CAMP CONSISTS OF A VARIETY OF ACTIVITIES TO PROVIDE STUDENTS WITH A FULLFILLING SUMMER VACATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Faus Head Of School | Officer | 40 | $222,540 |
Leslie Downs Cfo/coo | Officer | 40 | $184,132 |
Tom Reid Interim Head Of School (former) | 40 | $172,720 | |
Jonathan Carr Head Of Upper School | 40 | $163,022 | |
Juan Carlos Fanjul Chief Development Officer | 40 | $153,619 | |
Charles Hagy Head Of Middle School | 40 | $147,788 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Marketran Llc Marketing Services | 6/29/18 | $121,474 |
Janeen Ehrhart Field Trip/agent | 6/29/18 | $102,100 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $1,006,929 |
| Related organizations | $0 |
| Government grants | $3,145,400 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,647,212 |
| Noncash contributions included in lines 1a–1f | $443,869 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,799,541 |
| Total Program Service Revenue | $29,043,813 |
| Investment income | $397,277 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $622,398 |
| Net Income from Fundraising Events | -$189,920 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $35,673,109 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $3,980,150 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $582,678 |
| Compensation of current officers, directors, key employees. | $179,865 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $14,210,336 |
| Pension plan accruals and contributions | $701,622 |
| Other employee benefits | $962,577 |
| Payroll taxes | $1,049,562 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $28,042 |
| Fees for services: Accounting | $47,215 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $106,993 |
| Fees for services: Other | $0 |
| Advertising and promotion | $179,744 |
| Office expenses | $0 |
| Information technology | $10,510 |
| Royalties | $0 |
| Occupancy | $23,201 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $162,843 |
| Interest | $349,187 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,545,133 |
| Insurance | $784,461 |
| All other expenses | $221,502 |
| Total functional expenses | $30,593,371 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $23,836,597 |
| Pledges and grants receivable | $1,303,053 |
| Accounts receivable, net | $79,738 |
| 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 | $997,805 |
| Net Land, buildings, and equipment | $44,493,824 |
| Investments—publicly traded securities | $22,248,312 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $92,959,329 |
| Accounts payable and accrued expenses | $2,144,783 |
| Grants payable | $0 |
| Deferred revenue | $20,264,078 |
| Tax-exempt bond liabilities | $11,186,559 |
| 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 | $1,199,191 |
| Total liabilities | $34,794,611 |
| Net assets without donor restrictions | $54,164,143 |
| Net assets with donor restrictions | $4,000,575 |
| 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 | $92,959,329 |
Grants Recieved
Over the last fiscal year, we have identified 12 grants that Benjamin Private School Inc has recieved totaling $396,775.
| Awarding Organization | Amount |
|---|---|
The Brett Barakett Foundation West Palm Beach, FL PURPOSE: GENERAL SUPPORT | $100,000 |
Park Family Foundation Cleveland, OH PURPOSE: CHARITBLE CONTRIBUTION - GENERAL OPERATING SUPPORT | $100,000 |
Goldman Sachs Charitable Gift Fund New York, NY PURPOSE: SCHOLARSHIPS & FINANCIAL AID | $50,000 |
Volo Foundation West Palm Beach, FL PURPOSE: GENERAL | $50,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $35,500 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $24,729 |
Endowment Analysis
| Beg. Balance | $4,404,657 |
| Other Expense | $3,548,423 |
| Ending Balance | $856,234 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Florida Charter Educational Foundation Inc Ft Lauderdale, FL | $156,543,730 | $97,506,587 |
Pine Crest Preparatory School Inc Fort Lauderdale, FL | $333,237,666 | $117,032,606 |
Woodward Academy Inc College Park, GA | $297,987,009 | $85,209,091 |
Westminster Schools Inc Atlanta, GA | $596,739,021 | $99,709,851 |
Gulliver Preparatory School Inc Miami, FL | $217,883,947 | $98,038,609 |
Lovett School Atlanta, GA | $255,570,564 | $63,708,553 |
Ransom Everglades School Inc Miami, FL | $255,259,179 | $68,191,853 |
Bolles School Jacksonville, FL | $131,930,396 | $55,866,326 |
Miami Country Day School Inc Miami, FL | $132,305,093 | $52,562,056 |
Greater Atlanta Christian Schools Inc Norcross, GA | $104,910,212 | $44,897,863 |
Pace Academy Inc Atlanta, GA | $185,935,585 | $47,968,638 |
Purpose Built Schools Atlanta Inc Atlanta, GA | $15,990,097 | $34,651,857 |