Civic Intelligence

Soundview Preparatory School

990 • Fiscal year 2020 • EIN 13-3516633

Jul 01, 2019 to Jun 30, 2020 • Filed on May 10, 2021

PO Box 255Jefferson Valley, NY 10535

(914) 962-2780

Siviq Scores

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

Liabilities / Assets

84th percentile

0.58x

Higher debt load relative to assets than 84% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

85th percentile

1.03x

Higher debt load relative to revenue than 85% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Net Margin

76th percentile

24%

Higher net margin than 76% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

77th percentile

$121,250

Higher top officer pay than 77% of similar nonprofits.

Top officer pay equals 5.3% of source-year revenue.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Asset Growth

25th percentile

-1.7%

Faster asset growth than 25% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

15th percentile

-32%

Faster revenue growth than 15% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Assets

Down

$4,013,000

Down $70,467 (-1.7%) from 2019

Net Assets

Up

$1,672,335

Up $535,776 (+47%) from 2019

Liabilities

Down

$2,340,665

Down $606,243 (-21%) from 2019

Revenue

Down

$2,271,986

Down $1,074,086 (-32%) from 2019

Expenses

Down

$1,736,210

Down $1,641,868 (-49%) from 2019

Net Income

Up

$535,776

Up $567,782 (+1774%) from 2019

Historical Trend

Balance Sheet Trend

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

$6.0M$4.0M$2.0M$0Assets 2011: $4,775,488Liabilities 2011: $3,287,481Net Assets 2011: $1,488,0072011Assets 2012: $4,677,614Liabilities 2012: $3,087,735Net Assets 2012: $1,589,8792012Assets 2013: $4,751,012Liabilities 2013: $3,191,429Net Assets 2013: $1,559,5832013Assets 2014: $4,798,730Liabilities 2014: $3,138,465Net Assets 2014: $1,660,2652014Assets 2015: $4,886,042Liabilities 2015: $3,029,752Net Assets 2015: $1,856,2902015Assets 2016: $5,116,376Liabilities 2016: $3,179,988Net Assets 2016: $1,936,3882016Assets 2017: $4,237,626Liabilities 2017: $2,688,280Net Assets 2017: $1,549,3462017Assets 2018: $4,165,324Liabilities 2018: $2,996,759Net Assets 2018: $1,168,5652018Assets 2019: $4,083,467Liabilities 2019: $2,946,908Net Assets 2019: $1,136,5592019Assets 2020: $4,013,000Liabilities 2020: $2,340,665Net Assets 2020: $1,672,3352020Assets 2021: $0Liabilities 2021: $0Net Assets 2021: $02021

Highlighted filing

2020

Assets$4,013,000
Liabilities$2,340,665
Net Assets$1,672,335

Operations Trend

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

$4.0M$2.0M$0-$2.0MExpenses 2011: $1,937,6322011Expenses 2012: $2,013,8322012Revenue 2013: $2,086,260Expenses 2013: $2,116,556Net Income 2013: -$30,2962013Revenue 2014: $1,882,889Expenses 2014: $1,782,207Net Income 2014: $100,6822014Revenue 2015: $2,073,197Expenses 2015: $1,877,172Net Income 2015: $196,0252015Revenue 2016: $2,128,125Expenses 2016: $2,048,027Net Income 2016: $80,0982016Revenue 2017: $2,091,463Expenses 2017: $2,478,505Net Income 2017: -$387,0422017Revenue 2018: $1,967,299Expenses 2018: $2,348,080Net Income 2018: -$380,7812018Revenue 2019: $3,346,072Expenses 2019: $3,378,078Net Income 2019: -$32,0062019Revenue 2020: $2,271,986Expenses 2020: $1,736,210Net Income 2020: $535,7762020Revenue 2021: -$857,040Expenses 2021: $815,295Net Income 2021: -$1,672,3352021

Highlighted filing

2020

Revenue$2,271,986
Expenses$1,736,210
Net Income$535,776
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
May 10, 2021
Return Version
2019v5.2
Gross Receipts
$2,273,953
Mission and Program Overview

Mission

To conduct, operate, and maintain grades 6-12 program and a summer school program.

Operates as school, grades six to twelve.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$3,771,717$3,771,717→ $0
Accounts Receivable$117,540$66,890▼ $50,650
Cash and Non-Interest-Bearing Accounts$148,701$30,770▼ $117,931
Prepaid Expenses and Deferred Charges$45,411$9,010▼ $36,401
Savings and Temporary Cash Investments$98--
Total Assets$4,083,467$4,013,000▼ $70,467
Other Assets Total-$134,613-
Liabilities
Mortgage Notes Payable Secured by Investment Property$2,124,339$2,209,863▲ $85,524
Deferred Revenue$635,265--
Accounts Payable and Accrued Expenses$107,771$115,557▲ $7,786
Other Liabilities$79,533$15,245▼ $64,288
Total Liabilities$2,946,908$2,340,665▼ $606,243
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,136,559$1,672,335▲ $535,776
Total Net Assets Fund Balance$1,136,559$1,672,335▲ $535,776
Total Liabilities and Net Assets / Fund Balance$4,083,467$4,013,000▼ $70,467

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,747,590$960,152$3,707,742
Land$1,000,000-$1,000,000
Other Land Buildings$24,127$174,351$198,478
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Tom CurleyHeadmasterFT$121,250$121,250

Board Members and Trustees

NameTitle
-Trustee
Revenue and Support

Revenue Composition

Contributions and Grants
$392,786
Program Service Revenue
$1,823,100
Investment Income
$3
Other Revenue
$56,097
All Other Contributions
$392,786
Change in Net Assets
$535,776
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$910,773
Grants and Similar Amounts Paid$521,350
Other Expenses$304,087
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$687,223--$687,223
Grants to Domestic Individuals$521,350--$521,350
Current Officers, Directors, Trustees, and Key Employees$116,458--$116,458
Interest$69,515$23,172-$92,687
Payroll Taxes$50,294$8,875-$59,169
Occupancy$31,415$10,472-$41,887
Office Expenses$28,995$9,665-$38,660
Other Employee Benefits$34,500--$34,500
Other Expenses$22,071$6,592-$28,663
Insurance$14,690$4,896-$19,586
Pension Plan Contributions$11,410$2,013-$13,423
Advertising$8,073--$8,073
Travel$3,701$1,234-$4,935
Information Technology$2,587$862-$3,449
Fees for Services Accounting-$1,200-$1,200
Total Functional Expenses$1,650,938$85,272$0$1,736,210
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$3,400
Fundraising Direct Expenses$217
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
Other Liabilities$15,245
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
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
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

The completed form is provided to the treasurer of the board for final review before submission.

Form 990, Part VI, Section B, Line 12C

At the start of the new year, each trustee is given the form and required to sign and return it to the board chair.

Form 990, Part VI, Section B, Line 15

All salary adjustments for top management are reviewed by the board of trustees.

Form 990, Part VI, Section C, Line 19

Documents are available upon written notice to the executive director and board approval of the request.

Filing and Contact Details

Filer

Filer Name
Soundview Preparatory School
EIN
13-3516633
Address
PO BOX 255, JEFFERSON VALLEY, NY 10535

Signing Officer

Name
Tom Curley
Title
Headmaster
Signed
2021-05-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Tom Curley
Formed
1989
Legal Domicile
Ny
Voting Board Members
7
Independent Board Members
7
Employees
21
Volunteers
7

Preparer

Firm
CONDON O'MEARA MCGINTY & DONNELLY LLP
Address
ONE BATTERY PARK PLAZA, NEW YORK, NY 10004
Preparer
James J Reilly
Phone
2126617777
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt02747590
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0960152
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt03707742
IRS990ScheduleD/LandGrp/BookValueAmt01000000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt01000000
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt024127
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0174351
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0198478
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt015245
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0OTHER LIABILITIES
IRS990ScheduleD/TotalBookValueLandBuildingsAmt03771717
IRS990ScheduleD/TotalLiabilityAmt015245
IRS990ScheduleE/ComplianceWithRevProc7550Ind01
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd00
IRS990ScheduleE/DiscriminateRaceAthltProgInd00
IRS990ScheduleE/DiscriminateRaceEducPlcyInd00
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd00
IRS990ScheduleE/DiscriminateRaceOtherActyInd00
IRS990ScheduleE/DiscriminateRaceSchsInd00
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd00
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd00
IRS990ScheduleE/GovernmentFinancialAidRcvdInd01
IRS990ScheduleE/GovernmentFinancialAidRvkdInd00
IRS990ScheduleE/MaintainCpyOfAllSolInd01
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd01
IRS990ScheduleE/MaintainRacialCompRecsInd01
IRS990ScheduleE/MaintainScholarshipsRecsInd01
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd01
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd01
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd01
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0A STATEMENT OF THE SCHOOL'S RACIALLY NONDISCRIMINATORY POLICY IS INCLUDED IN ITS BROCHURE.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1NEW YORK STATE DEPARTMENT OF EDUCATION HAS A SECTION FOR PRIVATE AND RELIGIOUS SCHOOLS. BEDS IS THE NAME OF THE AWARD AND IT IS GRANTED ON THE BASIS OF ENROLLMENT AT THE START OF EACH SCHOOL YEAR. THE FORMULA CHANGES ANNUALLY.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, PART I, LINE 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE E, PART I, LINE 6
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt0521350
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0SCHOLARSHIPS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt019
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/ValuationMethodUsedDesc0FMV
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0THE SCHOOL UTILIZED AN OUTSIDE INDEPENDENT EVALUATION SYSTEM AND SOFTWARE TO ARRIVE AT AN ASSESSMENT OF A FAMILY'S NEED. THE SCHOOL MAY OR MAY NOT MAKE AN AWARD THAT IS CONSISTENT WITH THE ANALYSIS.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2:
IRS990/ScheduleJRequiredInd00
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IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt10
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt20
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt30
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt40
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt50
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt60
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd01
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd11
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd21
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd31
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd41
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd51
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd61
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd00
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd10
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd20
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd30
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd40
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd50
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd60
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt0OPERATIONS
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt1OPERATIONS
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt2OPERATIONS
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt3OPERATIONS
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt4OPERATIONS
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt5OPERATIONS
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt6OPERATIONS
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanToOrganizationInd0X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanToOrganizationInd1X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanToOrganizationInd2X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanToOrganizationInd3X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanToOrganizationInd4X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanToOrganizationInd5X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanToOrganizationInd6X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt035000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt1100000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt240000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt35000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt415000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt590000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt635000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm0HENRY KLEIN
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm1JAMES COOPER
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm2KELLY FAIRWEATHER
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm3DOUG PELL
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm4STUART VANCE
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm5JEFFREY SILVA
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm6LINDA HOLDEN-BRYANT
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt0TRUSTEE
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt1TRUSTEE
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt2TRUSTEE
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt3TRUSTEE
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt4TRUSTEE
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt5TRUSTEE
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt6FORMER VICE-CHAIR
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd01
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd11
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd21
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd31
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd41
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd51
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd61
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE COMPLETED FORM IS PROVIDED TO THE TREASURER OF THE BOARD FOR FINAL REVIEW BEFORE SUBMISSION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1AT THE START OF THE NEW YEAR, EACH TRUSTEE IS GIVEN THE FORM AND REQUIRED TO SIGN AND RETURN IT TO THE BOARD CHAIR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ALL SALARY ADJUSTMENTS FOR TOP MANAGEMENT ARE REVIEWED BY THE BOARD OF TRUSTEES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3DOCUMENTS ARE AVAILABLE UPON WRITTEN NOTICE TO THE EXECUTIVE DIRECTOR AND BOARD APPROVAL OF THE REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C

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