The Carey School
- Assets
- $31.3m
- Revenue
- $11.1m
- Investments
- $0.0
- Employees
- 93
- Location
- San Mateo, CA
- Founding
- 05/1990
- Data as of
- 06/2022
- EIN
- 94-3085954
Organization Overview
The Carey School is located in San Mateo, CA. The organization was established in 1990. According to its NTEE Classification (B24) the organization is classified as: Primary & Elementary Schools, under the broad grouping of Education and related organizations. As of 06/2022, Carey School employed 93 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Carey 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 06/2022, Carey School generated $11.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.0% each year. All expenses for the organization totaled $10.6m during the year ending 06/2022. While expenses have increased by 5.5% 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
OPERATION OF A PRIMARY CO-EDUCATIONAL SCHOOL FOR GRADES PRESCHOOL THROUGH FIFTH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PRIMARY PROGRAM IS THE EDUCATION OF STUDENTS - VIA THE CLASSROOM, THE AFTERSCHOOL ENRICHMENT PROGRAMS, AND THE AFTER SCHOOL CARE PROGRAM. CURRENTLY 271 STUDENTS ARE ENROLLED AT THE CAREY SCHOOL. APPROXIMATELY 14% OF THE STUDENT BODY, OR 37 STUDENTS ARE SUPPORTED BY FINANCIAL ASSISTANCE WHICH MAY INCLUDE TUITION ASSISTANCE, SUPPORT FOR TUTORING AND OTHER EVALUATIONS, SUPPORT FOR AFTER SCHOOL CARE AND LUNCH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Duncan Lyon Head Of School | Officer | 40 | $459,289 |
Susan Loveall CFO | Officer | 40 | $251,084 |
Neely Norris Assistant Head Of School | 40 | $165,790 | |
Ida Gruber Director Of Admission And Financial Aid | 40 | $152,003 | |
Aileen Mitchner Controller | 40 | $121,934 | |
Resham Bharwani Director Of Development & Communications | 40 | $121,331 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Epicurean Group Food Service Provider | 6/29/20 | $217,226 |
Hkit Architects Architect | 6/29/20 | $272,124 |
Hkit Architects Architect | 6/29/20 | $272,124 |
Epicurean Group Food Service Provider | 6/29/20 | $217,226 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $52,595 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,290,283 |
| Noncash contributions included in lines 1a–1f | $216,607 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,342,878 |
| Total Program Service Revenue | $9,486,304 |
| Investment income | $88,448 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $156,022 |
| Net Income from Fundraising Events | $43,746 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $11,120,098 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $10,000 |
| Grants and other assistance to domestic individuals. | $809,514 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $853,921 |
| Compensation of current officers, directors, key employees. | $284,548 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,123,680 |
| Pension plan accruals and contributions | $290,994 |
| Other employee benefits | $580,080 |
| Payroll taxes | $411,190 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $41,464 |
| Fees for services: Accounting | $37,624 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $14,018 |
| Fees for services: Other | $56,491 |
| Advertising and promotion | $29,052 |
| Office expenses | $201,436 |
| Information technology | $192,579 |
| Royalties | $0 |
| Occupancy | $534,033 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $93,649 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $726,426 |
| Insurance | $51,320 |
| All other expenses | $71,552 |
| Total functional expenses | $10,641,530 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,058,300 |
| Savings and temporary cash investments | $5,715,466 |
| Pledges and grants receivable | $171,081 |
| Accounts receivable, net | $21,700 |
| Loans from Officers, Directors, or Controlling Persons | $156,022 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $79,280 |
| Net Land, buildings, and equipment | $18,966,816 |
| Investments—publicly traded securities | $2,793,443 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $336,389 |
| Total assets | $31,298,497 |
| Accounts payable and accrued expenses | $701,833 |
| Grants payable | $0 |
| Deferred revenue | $5,212,148 |
| 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 | $3,572,395 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $9,486,376 |
| Net assets without donor restrictions | $19,893,563 |
| Net assets with donor restrictions | $1,918,558 |
| 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 | $31,298,497 |
Grants Recieved
Over the last fiscal year, we have identified 24 grants that The Carey School has recieved totaling $744,362.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $227,100 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $187,515 |
The E Richard Jones Family Foundation Calistoga, CA PURPOSE: HEALTH | $60,000 |
Goldman Sachs Philanthropy Fund New York, NY PURPOSE: EDUCATION | $50,000 |
Creekside Foundation San Francisco, CA PURPOSE: TO SUPPORT THE EXPANDING POSSIBILITIES CAPITAL CAMPAIGN. | $33,333 |
Creekside Foundation San Francisco, CA PURPOSE: TO SUPPORT FACULTY RETENTION AND FINANCIAL AID PROGRAM. | $25,000 |
Endowment Analysis
| Beg. Balance | $3,237,914 |
| Earnings | -$471,324 |
| Net Contributions | $150,745 |
| Ending Balance | $2,917,335 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Creative Center Of Los Altos Los Altos, CA | $170,822,611 | $50,231,203 |
Oakwood School North Hollywood, CA | $131,214,925 | $40,512,387 |
Wildwood School Inc Los Angeles, CA | $86,448,080 | $38,177,997 |
Classical Academy Incorporated Escondido, CA | $75,670,985 | $34,177,017 |
Paragon Management Surprise, AZ | $64,904,410 | $28,676,995 |
Harbor Day Endowment Corporation Corona del Mar, CA | $29,496,561 | $8,033,762 |
Center For Early Education West Hollywood, CA | $163,132,439 | $27,283,122 |
Santa Fe Christian Schools Solana Beach, CA | $72,145,924 | $27,955,484 |
Phoenix Country Day School Paradise Valley, AZ | $77,907,724 | $28,726,427 |
Tarbut Vtorah Community Day School Irvine, CA | $104,560,863 | $24,620,400 |
Westside Neighborhood School Los Angeles, CA | $23,646,249 | $23,017,600 |
Town School For Boys San Francisco, CA | $94,398,193 | $22,080,958 |