Civic Intelligence

The Vincent Smith School

990 • Fiscal year 2021 • EIN 11-1646301

Jul 01, 2020 to Jun 30, 2021 • Filed on May 15, 2022

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

73rd percentile

0.37x

Higher debt load relative to assets than 73% of similar nonprofits.

2021 filings • NTEE B • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

79th percentile

0.44x

Higher debt load relative to revenue than 79% of similar nonprofits.

2021 filings • NTEE B • $1M-$5M nonprofits • Source year 2021

Net Margin

56th percentile

16%

Higher net margin than 56% of similar nonprofits.

2021 filings • NTEE B • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

87th percentile

$196,447

Higher top officer pay than 87% of similar nonprofits.

Top officer pay equals 5.9% of source-year revenue.

2021 filings • NTEE B • $1M-$5M nonprofits • Source year 2021

Asset Growth

52nd percentile

14%

Faster asset growth than 52% of similar nonprofits.

2021 filings • NTEE B • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

51st percentile

12%

Faster revenue growth than 51% of similar nonprofits.

2021 filings • NTEE B • $1M-$5M nonprofits • Annualized from 2020 to 2021

Assets

Up

$3,887,079

Up $475,376 (+14%) from 2020

Net Assets

Up

$2,432,837

Up $538,970 (+28%) from 2020

Liabilities

Down

$1,454,242

Down $63,594 (-4.2%) from 2020

Revenue

Up

$3,328,506

Up $365,881 (+12%) from 2020

Expenses

Up

$2,795,434

Up $238,703 (+9.3%) from 2020

Net Income

Up

$533,072

Up $127,178 (+31%) from 2020

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

2021

Assets$3,887,079
Liabilities$1,454,242
Net Assets$2,432,837

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

2021

Revenue$3,328,506
Expenses$2,795,434
Net Income$533,072
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
May 15, 2022
Return Version
2020v4.1
Gross Receipts
$4,084,979
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
Investments in Publicly Traded Securities$772,724$1,540,846▲ $768,122
Accounts Receivable$1,419,025$1,379,088▼ $39,937
Land, Buildings, and Equipment, Net$473,298$455,165▼ $18,133
Cash and Non-Interest-Bearing Accounts$678,166$410,827▼ $267,339
Prepaid Expenses and Deferred Charges$43,984$40,210▼ $3,774
Total Assets$3,411,703$3,887,079▲ $475,376
Other Assets Total$24,506$60,943▲ $36,437
Liabilities
Mortgage Notes Payable Secured by Investment Property$969,654$817,577▼ $152,077
Other Liabilities$372,025$372,025→ $0
Accounts Payable and Accrued Expenses$166,437$162,298▼ $4,139
Deferred Revenue$9,720$102,342▲ $92,622
Total Liabilities$1,517,836$1,454,242▼ $63,594
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,740,371$2,279,341▲ $538,970
Net Assets With Donor Restrictions$153,496$153,496→ $0
Total Net Assets Fund Balance$1,893,867$2,432,837▲ $538,970
Total Liabilities and Net Assets / Fund Balance$3,411,703$3,887,079▲ $475,376

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$447,266$857,589$1,304,855
Equipment$7,899$463,803$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

Revenue and Support

Revenue Composition

Contributions and Grants
$94,873
Program Service Revenue
$3,219,373
Investment Income
$212
Other Revenue
$14,048
All Other Contributions
$33,930
Change in Net Assets
$533,072
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$2,325,885
Other Expenses$469,549
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,279,417$688,917$0$1,968,334
Other Employee Benefits$125,085$67,353$0$192,438
Payroll Taxes$107,323$57,790$0$165,113
Occupancy$148,410$16,490$0$164,900
Insurance$57,145$6,349$0$63,494
Other Expenses$54,553$2,217$0$56,770
Interest$31,962$13,698$0$45,660
Office Expenses$37,198$4,133$0$41,331
Depreciation Depletion$23,070$2,563$0$25,633
Fees for Services Accounting$0$21,250$0$21,250
Information Technology$18,774$0$0$18,774
Advertising$14,604$0$0$14,604
Fees for Services Legal$0$7,761$0$7,761
Conferences and Meetings$7,317$0$0$7,317
Fees for Services Other$0$2,055$0$2,055
Total Functional Expenses$1,904,858$890,576$0$2,795,434
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
2022-05-15
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
48
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/PayrollTaxesGrp/ManagementAndGeneralAmt057790
IRS990/PayrollTaxesGrp/ProgramServicesAmt0107323
IRS990/PayrollTaxesGrp/TotalAmt0165113
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt043984
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt040210
IRS990/PrincipalOfficerNm0JOHN BALDI
IRS990/PriorPeriodAdjustmentsAmt0-8490
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0611600
IRS990/ProgramServiceRevenueGrp/Desc0TUITION FEES
IRS990/ProgramServiceRevenueGrp/ExclusionAmt00
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt03219373
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt061066
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt0307
IRS990/PYOtherExpensesAmt0403231
IRS990/PYOtherRevenueAmt017438
IRS990/PYProgramServiceRevenueAmt02883814
IRS990/PYRevenuesLessExpensesAmt0405894
IRS990/PYSalariesCompEmpBnftPaidAmt02153500
IRS990/PYTotalExpensesAmt02556731
IRS990/PYTotalRevenueAmt02962625
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0533072
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt03219373
IRS990ScheduleA/InvestmentIncomeCYPct00
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/PublicSupportCY170Pct00
IRS990ScheduleA/PublicSupportCY509Pct00
IRS990ScheduleA/PublicSupportTotal509Amt00
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt0447266
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0857589
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01304855
IRS990ScheduleD/EquipmentGrp/BookValueAmt07899
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0463803
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0471702
IRS990ScheduleD/LandGrp/BookValueAmt00
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt03900
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1368125
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Security Deposits
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1PPP Loan
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0455165
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/CompBasedOnRevenueOfFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd0false
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd0false
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
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
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/TotalAssetsBOYAmt03411703
IRS990/TotalAssetsEOYAmt03887079
IRS990/TotalAssetsGrp/BOYAmt03411703
IRS990/TotalAssetsGrp/EOYAmt03887079
IRS990/TotalCompGreaterThan150KInd0true
IRS990/TotalContributionsAmt094873
IRS990/TotalEmployeeCnt048
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0890576
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01904858
IRS990/TotalFunctionalExpensesGrp/TotalAmt02795434
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01517836
IRS990/TotalLiabilitiesEOYAmt01454242
IRS990/TotalLiabilitiesGrp/BOYAmt01517836
IRS990/TotalLiabilitiesGrp/EOYAmt01454242
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01893867
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt02432837
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt01904858
IRS990/TotalProgramServiceRevenueAmt03219373

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