Civic Intelligence

The Vincent Smith School

990 • Fiscal year 2020 • EIN 11-1646301

Jul 01, 2019 to Jun 30, 2020 • Filed on Nov 12, 2020

322 Port Washington BlvdPort Washington, NY 11050

(516) 365-4900

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

72nd percentile

0.44x

Higher debt load relative to assets than 72% of similar nonprofits.

2020 filings • NTEE B • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

80th percentile

0.51x

Higher debt load relative to revenue than 80% of similar nonprofits.

2020 filings • NTEE B • $1M-$5M nonprofits • Source year 2020

Net Margin

68th percentile

14%

Higher net margin than 68% of similar nonprofits.

2020 filings • NTEE B • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

86th percentile

$196,447

Higher top officer pay than 86% of similar nonprofits.

Top officer pay equals 6.6% of source-year revenue.

2020 filings • NTEE B • $1M-$5M nonprofits • Source year 2020

Asset Growth

64th percentile

16%

Faster asset growth than 64% of similar nonprofits.

2020 filings • NTEE B • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

65th percentile

6.0%

Faster revenue growth than 65% of similar nonprofits.

2020 filings • NTEE B • $1M-$5M nonprofits • Annualized from 2019 to 2020

Assets

Up

$3,411,703

Up $476,483 (+16%) from 2019

Net Assets

Up

$1,893,867

Up $308,958 (+19%) from 2019

Liabilities

Up

$1,517,836

Up $167,525 (+12%) from 2019

Revenue

Up

$2,962,625

Up $168,635 (+6.0%) from 2019

Expenses

Up

$2,556,731

Up $74,446 (+3.0%) from 2019

Net Income

Up

$405,894

Up $94,189 (+30%) from 2019

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$8.0M$6.0M$4.0M$2.0M$0Assets 2010: $2,232,695Liabilities 2010: $232,737Net Assets 2010: $1,999,9582010Assets 2011: $1,981,528Liabilities 2011: $224,210Net Assets 2011: $1,757,3182011Assets 2012: $1,769,671Liabilities 2012: $221,733Net Assets 2012: $1,547,9382012Assets 2013: $1,453,783Liabilities 2013: $115,078Net Assets 2013: $1,338,7052013Assets 2014: $2,597,145Liabilities 2014: $1,538,825Net Assets 2014: $1,058,3202014Assets 2015: $2,330,743Liabilities 2015: $1,759,537Net Assets 2015: $571,2062015Assets 2016: $2,391,756Liabilities 2016: $2,049,856Net Assets 2016: $341,9002016Assets 2017: $2,079,640Liabilities 2017: $1,882,422Net Assets 2017: $197,2182017Assets 2018: $2,721,720Liabilities 2018: $1,448,516Net Assets 2018: $1,273,2042018Assets 2019: $2,935,220Liabilities 2019: $1,350,311Net Assets 2019: $1,584,9092019Assets 2020: $3,411,703Liabilities 2020: $1,517,836Net Assets 2020: $1,893,8672020Assets 2021: $3,887,079Liabilities 2021: $1,454,242Net Assets 2021: $2,432,8372021Assets 2022: $4,424,814Liabilities 2022: $967,026Net Assets 2022: $3,457,7882022Assets 2023: $5,377,186Liabilities 2023: $667,110Net Assets 2023: $4,710,0762023Assets 2024: $6,287,651Liabilities 2024: $569,741Net Assets 2024: $5,717,9102024

Highlighted filing

2020

Assets$3,411,703
Liabilities$1,517,836
Net Assets$1,893,867

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$6.0M$4.0M$2.0M$0-$2.0MExpenses 2010: $2,155,0812010Expenses 2011: $2,178,8612011Expenses 2012: $2,122,0542012Revenue 2013: $1,648,747Expenses 2013: $1,857,980Net Income 2013: -$209,2332013Revenue 2014: $1,412,709Expenses 2014: $1,693,094Net Income 2014: -$280,3852014Revenue 2015: $1,388,651Expenses 2015: $1,875,765Net Income 2015: -$487,1142015Revenue 2016: $1,952,031Expenses 2016: $2,181,337Net Income 2016: -$229,3062016Revenue 2017: $1,975,582Expenses 2017: $2,190,986Net Income 2017: -$215,4042017Revenue 2018: $3,326,877Expenses 2018: $2,250,891Net Income 2018: $1,075,9862018Revenue 2019: $2,793,990Expenses 2019: $2,482,285Net Income 2019: $311,7052019Revenue 2020: $2,962,625Expenses 2020: $2,556,731Net Income 2020: $405,8942020Revenue 2021: $3,328,506Expenses 2021: $2,795,434Net Income 2021: $533,0722021Revenue 2022: $4,061,995Expenses 2022: $3,031,722Net Income 2022: $1,030,2732022Revenue 2023: $4,299,303Expenses 2023: $3,347,597Net Income 2023: $951,7062023Revenue 2024: $3,990,039Expenses 2024: $3,015,243Net Income 2024: $974,7962024

Highlighted filing

2020

Revenue$2,962,625
Expenses$2,556,731
Net Income$405,894
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
Nov 12, 2020
Return Version
2019v5.1
Gross Receipts
$2,962,625
Mission and Program Overview

Mission

The Vincent Smith School is a

The Vincent Smith School is a co-ed, independent, special education school for grades ones through twelve, serving Nassau, Suffolk, and New York City students. The School specializes in students with various learning issues.

Balance Sheet Detail
LineBeginningEndChange
Assets
Accounts Receivable$1,004,677$1,419,025▲ $414,348
Investments in Publicly Traded Securities$772,356$772,724▲ $368
Cash and Non-Interest-Bearing Accounts$576,877$678,166▲ $101,289
Land, Buildings, and Equipment, Net$557,329$473,298▼ $84,031
Prepaid Expenses and Deferred Charges$23,981$43,984▲ $20,003
Total Assets$2,935,220$3,411,703▲ $476,483
Other Assets Total-$24,506-
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,061,590$969,654▼ $91,936
Other Liabilities$3,900$372,025▲ $368,125
Accounts Payable and Accrued Expenses$177,052$166,437▼ $10,615
Deferred Revenue$107,769$9,720▼ $98,049
Total Liabilities$1,350,311$1,517,836▲ $167,525
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,431,413$1,740,371▲ $308,958
Net Assets With Donor Restrictions$153,496$153,496→ $0
Total Net Assets Fund Balance$1,584,909$1,893,867▲ $308,958
Total Liabilities and Net Assets / Fund Balance$2,935,220$3,411,703▲ $476,483

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$461,884$835,471$1,297,355
Equipment$11,414$460,288$471,702
Land$0--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
John BaldiHeadmasterFT$196,447$196,447
John Baldi--$196,447$196,447

Board Members and Trustees

NameTitle
Patrick KaneChairperson
Corey SteinTrustee
Dr Andrea CarlsenTrustee
Dr Peter LewisTrustee
Stacy GrimTrustee
Revenue and Support

Revenue Composition

Contributions and Grants
$61,066
Program Service Revenue
$2,883,814
Investment Income
$307
Other Revenue
$17,438
All Other Contributions
$61,066
Change in Net Assets
$405,894
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$2,153,500
Other Expenses$403,231
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,159,035$514,147$0$1,673,182
Current Officers, Directors, Trustees, and Key Employees$98,223$98,223$0$196,446
Payroll Taxes$95,053$51,183$0$146,236
Other Employee Benefits$89,463$48,173$0$137,636
Occupancy$89,807$9,979$0$99,786
Interest$42,694$18,298$0$60,992
Other Expenses$43,185$14,602$0$57,787
Insurance$48,825$5,425$0$54,250
Fees for Services Accounting$0$38,600$0$38,600
Office Expenses$27,884$3,098$0$30,982
Depreciation Depletion$24,061$2,673$0$26,734
Information Technology$12,674$0$0$12,674
Advertising$0$9,241$0$9,241
Fees for Services Other$0$8,688$0$8,688
Conferences and Meetings$3,497$0$0$3,497
Total Functional Expenses$1,734,401$822,330$0$2,556,731
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
PPP Loan$368,125
Security Deposits$3,900
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
The Vincent Smith School
EIN
11-1646301
Phone
5163654900
Address
322 PORT WASHINGTON BLVD, PORT WASHINGTON, NY 11050

Signing Officer

Name
John Baldi
Title
Headmaster
Phone
5163654900
Signed
2020-11-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
John Baldi
Formed
1924
Legal Domicile
Ny
Voting Board Members
6
Independent Board Members
5
Employees
47
Volunteers
5

Preparer

Firm
O'KEEFE CPA LLC
Address
375 FULTON ST, FARMINGDALE, NY 11735
Preparer
Timothy O'Keefe
Phone
5165864940
Supplemental Narrative

Additional Explanations

Pt VI, Line 11B

Headmaster and Board Chairperson review 990 prior to submission.

Pt VI, Line 15A

Board of Trustees reviews New York Association of Independent Schools' compensation guidelines in determining compensation.

Pt VI, Line 19

Available upon request.

Pt VI, Line 8A

School is documenting meetings prospectively.

Pt VI, Line 8B

School is documenting meetings prospectively.

Pt VI, Line 12C

The School maintains a written conflict of interest policy. Any issues are referred to the Board for resolution as circumstances arise.

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IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt0286
IRS990/PYOtherExpensesAmt0606323
IRS990/PYOtherRevenueAmt029666
IRS990/PYProgramServiceRevenueAmt02702910
IRS990/PYRevenuesLessExpensesAmt0311705
IRS990/PYSalariesCompEmpBnftPaidAmt01875962
IRS990/PYTotalExpensesAmt02482285
IRS990/PYTotalRevenueAmt02793990
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0405894
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/RealAmt04160
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt02897092
IRS990ScheduleA/InvestmentIncomeCYPct00
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/PublicSupportCY170Pct00
IRS990ScheduleA/PublicSupportCY509Pct00
IRS990ScheduleA/PublicSupportTotal509Amt00
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt0461884
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0835471
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01297355
IRS990ScheduleD/EquipmentGrp/BookValueAmt011414
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0460288
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0471702
IRS990ScheduleD/LandGrp/BookValueAmt00
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt03900
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1368125
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Security Deposits
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1PPP Loan
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0473298
IRS990ScheduleD/TotalLiabilityAmt0372025
IRS990ScheduleE/ComplianceWithRevProc7550Ind0true
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd0false
IRS990ScheduleE/DiscriminateRaceAthltProgInd0false
IRS990ScheduleE/DiscriminateRaceEducPlcyInd0false
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd0false
IRS990ScheduleE/DiscriminateRaceOtherActyInd0false
IRS990ScheduleE/DiscriminateRaceSchsInd0false
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd0false
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd0false
IRS990ScheduleE/GovernmentFinancialAidRcvdInd0false
IRS990ScheduleE/GovernmentFinancialAidRvkdInd0false
IRS990ScheduleE/MaintainCpyOfAllSolInd0true
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd0true
IRS990ScheduleE/MaintainRacialCompRecsInd0true
IRS990ScheduleE/MaintainScholarshipsRecsInd0true
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd0true
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd0true
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd0true
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0Nondiscriminatory policy is published in Long Island Community News, a newspaper of general circulation. Annually publishes statement of racially non-discriminatory policy.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0Line 3
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleJ/AnyNonFixedPaymentsInd0false
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd0false
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd0false
IRS990ScheduleJ/CompensationCommitteeInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990ScheduleJ/Form990OfOtherOrganizationsInd0X
IRS990ScheduleJ/InitialContractExceptionInd0false
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0196447
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0John Baldi
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0196447
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt00
IRS990ScheduleJ/SeverancePaymentInd0false
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0false
IRS990ScheduleJ/WrittenEmploymentContractInd0X
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Headmaster and Board Chairperson review 990 prior to submission.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Board of Trustees reviews New York Association of Independent Schools' compensation guidelines in determining compensation.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Available upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3School is documenting meetings prospectively.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4School is documenting meetings prospectively.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5The School maintains a written conflict of interest policy. Any issues are referred to the Board for resolution as circumstances arise.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt VI, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Pt VI, Line 8a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Pt VI, Line 8b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Pt VI, Line 12c
IRS990/SchoolOperatingInd0true
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0NY
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt02935220
IRS990/TotalAssetsEOYAmt03411703
IRS990/TotalAssetsGrp/BOYAmt02935220
IRS990/TotalAssetsGrp/EOYAmt03411703
IRS990/TotalCompGreaterThan150KInd0true
IRS990/TotalContributionsAmt061066
IRS990/TotalEmployeeCnt047
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0822330
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01734401
IRS990/TotalFunctionalExpensesGrp/TotalAmt02556731
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01350311
IRS990/TotalLiabilitiesEOYAmt01517836
IRS990/TotalLiabilitiesGrp/BOYAmt01350311
IRS990/TotalLiabilitiesGrp/EOYAmt01517836
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01584909
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01893867
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt01734401
IRS990/TotalProgramServiceRevenueAmt02883814
IRS990/TotalReportableCompFromOrgAmt0196447
IRS990/TotalRevenueGrp/ExclusionAmt04467
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt02897092
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt02962625
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt05
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt02935220
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt03411703
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$6.29$0.57$5.72$3.99$3.02$0.97
2023Detailed filing. Detailed filing data is available for this year.$5.38$0.67$4.71$4.30$3.35$0.95
2022Detailed filing. Detailed filing data is available for this year.$4.42$0.97$3.46$4.06$3.03$1.03
2021Detailed filing. Detailed filing data is available for this year.$3.89$1.45$2.43$3.33$2.80$0.53
2020Detailed filing. Detailed filing data is available for this year.$3.41$1.52$1.89$2.96$2.56$0.41
2019Detailed filing. Detailed filing data is available for this year.$2.94$1.35$1.58$2.79$2.48$0.31
2018Detailed filing. Detailed filing data is available for this year.$2.72$1.45$1.27$3.33$2.25$1.08
2017Detailed filing. Detailed filing data is available for this year.$2.08$1.88$0.20$1.98$2.19$0.22
2016Detailed filing. Detailed filing data is available for this year.$2.39$2.05$0.34$1.95$2.18$0.23
2015Detailed filing. Detailed filing data is available for this year.$2.33$1.76$0.57$1.39$1.88$0.49
2014Detailed filing. Detailed filing data is available for this year.$2.60$1.54$1.06$1.41$1.69$0.28
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.45$0.12$1.34$1.65$1.86$0.21
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.77$0.22$1.55$2.12
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.98$0.22$1.76$2.18
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.23$0.23$2.00$2.16