Civic Intelligence

Carmel Academy

990 • Fiscal year 2017 • EIN 13-4013334

Jul 01, 2016 to Jun 30, 2017 • Filed on May 15, 2018

Organization Profilewww.carmelacademy.com

View Organization Page

270 Lake AveGreenwich, CT 06830-4518

(203) 863-9663

Siviq Scores

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

Liabilities / Assets

76th percentile

0.58x

Higher debt load relative to assets than 76% of similar nonprofits.

2017 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2017

Liabilities / Revenue

82nd percentile

1.47x

Higher debt load relative to revenue than 82% of similar nonprofits.

2017 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2017

Net Margin

22nd percentile

-3.8%

Higher net margin than 22% of similar nonprofits.

2017 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2017

Top Officer Pay

34th percentile

$189,381

Higher top officer pay than 34% of similar nonprofits.

Top officer pay equals 1.7% of source-year revenue.

2017 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2017

Asset Growth

23rd percentile

-1.3%

Faster asset growth than 23% of similar nonprofits.

2017 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2016 to 2017

Revenue Growth

43rd percentile

3.0%

Faster revenue growth than 43% of similar nonprofits.

2017 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets76th percentile

Assets

Down

$27,837,721

Down $380,297 (-1.3%) from 2016

Net Assets

Down

$11,766,593

Down $61,482 (-0.5%) from 2016

Liabilities

Down

$16,071,128

Down $318,815 (-1.9%) from 2016

Revenue And Expenses
Liabilities / Revenue82nd percentileNet Margin22nd percentile

Revenue

Up

$10,903,311

Up $314,774 (+3.0%) from 2016

Expenses

Up

$11,322,955

Up $187,379 (+1.7%) from 2016

Net Income

Up

-$419,644

Up $127,395 (+23%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth23rd percentile

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

$40M$30M$20M$10M$0Assets 2010: $30,017,885Liabilities 2010: $16,980,311Net Assets 2010: $13,037,5742010Assets 2011: $29,437,512Liabilities 2011: $16,977,494Net Assets 2011: $12,460,0182011Assets 2012: $28,655,780Liabilities 2012: $17,284,556Net Assets 2012: $11,371,2242012Assets 2013: $28,317,576Liabilities 2013: $16,222,100Net Assets 2013: $12,095,4762013Assets 2014: $29,300,871Liabilities 2014: $16,663,637Net Assets 2014: $12,637,2342014Assets 2015: $28,996,652Liabilities 2015: $16,655,703Net Assets 2015: $12,340,9492015Assets 2016: $28,218,018Liabilities 2016: $16,389,943Net Assets 2016: $11,828,0752016Assets 2017: $27,837,721Liabilities 2017: $16,071,128Net Assets 2017: $11,766,5932017Assets 2018: $27,664,913Liabilities 2018: $16,364,514Net Assets 2018: $11,300,3992018Assets 2019: $25,290,836Liabilities 2019: $16,094,954Net Assets 2019: $9,195,8822019Assets 2020: $24,055,388Liabilities 2020: $17,148,245Net Assets 2020: $6,907,1432020Assets 2021: $22,529,112Liabilities 2021: $15,725,765Net Assets 2021: $6,803,3472021Assets 2022: $22,766,105Liabilities 2022: $15,606,631Net Assets 2022: $7,159,4742022Assets 2023: $21,083,529Liabilities 2023: $15,527,141Net Assets 2023: $5,556,3882023Assets 2024: $87,584Liabilities 2024: $0Net Assets 2024: $87,5842024Assets 2025: $52,120Liabilities 2025: $0Net Assets 2025: $52,1202025Assets 2026: $0Liabilities 2026: $0Net Assets 2026: $02026

Highlighted filing

2017

Assets$27,837,721
Liabilities$16,071,128
Net Assets$11,766,593
Open 2017 Filing

Operations Trend

Revenue Growth43rd percentile

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

$15M$10M$5.0M$0-$5.0MExpenses 2010: $10,543,7182010Revenue 2011: $10,117,580Expenses 2011: $10,801,999Net Income 2011: -$684,4192011Expenses 2012: $9,737,3112012Expenses 2013: $8,867,8682013Revenue 2014: $10,324,049Expenses 2014: $9,646,422Net Income 2014: $677,6272014Revenue 2015: $9,347,974Expenses 2015: $9,608,044Net Income 2015: -$260,0702015Revenue 2016: $10,588,537Expenses 2016: $11,135,576Net Income 2016: -$547,0392016Revenue 2017: $10,903,311Expenses 2017: $11,322,955Net Income 2017: -$419,6442017Revenue 2018: $11,859,664Expenses 2018: $12,500,941Net Income 2018: -$641,2772018Revenue 2019: $9,749,284Expenses 2019: $11,725,654Net Income 2019: -$1,976,3702019Revenue 2020: $7,933,847Expenses 2020: $10,194,697Net Income 2020: -$2,260,8502020Revenue 2021: $3,599,008Expenses 2021: $3,205,045Net Income 2021: $393,9632021Revenue 2022: $2,146,266Expenses 2022: $2,591,511Net Income 2022: -$445,2452022Revenue 2023: $347,803Expenses 2023: $1,950,889Net Income 2023: -$1,603,0862023Revenue 2024: $49,637Expenses 2024: $303,832Net Income 2024: -$254,1952024Revenue 2025: $0Expenses 2025: $35,464Net Income 2025: -$35,4642025Revenue 2026: $0Expenses 2026: $52,120Net Income 2026: -$52,1202026

Highlighted filing

2017

Revenue$10,903,311
Expenses$11,322,955
Net Income-$419,644
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
May 15, 2018
Return Version
2016v3.0
Gross Receipts
$11,689,448
Mission and Program Overview

Mission

Carmel Academy was an educational institution that stretched each childs intellect and creativity that was passionate about Jewish indentity and values that was committed to the betterment of our world and a strong bond with the state of Israel.

Carmel Academy provides a meaningful Jewish day school experience for all children.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$24,164,068$23,618,845▼ $545,223
Loans From Officers Directors$3,239,000$3,239,000→ $0
Investments Other Securities$1,904,983$2,426,393▲ $521,410
Pledges and Grants Receivable$793,147$703,857▼ $89,290
Accounts Receivable$186,854$543,588▲ $356,734
Cash and Non-Interest-Bearing Accounts$988,148$474,517▼ $513,631
Prepaid Expenses and Deferred Charges$121,289$28,430▼ $92,859
Savings and Temporary Cash Investments$5,303--
Total Assets$28,218,018$27,837,721▼ $380,297
Other Assets Total$54,226$42,091▼ $12,135
Liabilities
Unsecured Notes Loans Payable$11,452,892$11,181,507▼ $271,385
Accounts Payable and Accrued Expenses$609,673$685,991▲ $76,318
Deferred Revenue$623,891$541,916▼ $81,975
Other Liabilities$464,487$422,714▼ $41,773
Total Liabilities$16,389,943$16,071,128▼ $318,815
Net Assets / Fund Balance
Unrestricted Net Assets$11,718,675$11,663,993▼ $54,682
Temporarily Rstr Net Assets$109,400$102,600▼ $6,800
Total Net Assets Fund Balance$11,828,075$11,766,593▼ $61,482
Total Liabilities and Net Assets / Fund Balance$28,218,018$27,837,721▼ $380,297

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$17,156,096$7,323,090$24,479,186
Land$6,230,568-$6,230,568
Equipment$174,234$1,253,770$1,428,004
Other Land Buildings$57,947$400,238$458,185
Other Securities$2,426,393--
Compensation and Service Providers
Top Officer Pay34th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Nora AndersonHead of SchoolFT$174,945$14,436$189,381
Risa VineChief Fin. Officer as of 10/31/16FT$66,500$50,780$117,280

Board Members and Trustees

NameTitle
Evan LevyPresident
Laurel AsnessVice President
Yale PaprinVice President
Adam SaferDirector
Cori SaNogueiraDirector
Emanuel CitronDirector
Gilad KalterDirector
Guy LevyDirector
Ivan HorakDirector
Jeffrey RichardDirector
Michael KaplanDirector
Noah YechielyDirector
Pam FeldsteinDirector
Robye MargoliusDirector
Stuart RothDirector
Rochelle TarloweSecretary
Jonathan MalkinTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Beth Torah Kosher Caterers llcCatering services106-06 Queens Blvd, Forest Hills, NY 11375$126,105
Revenue and Support

Revenue Composition

Contributions and Grants
$2,307,368
Program Service Revenue
$7,721,075
Investment Income
$69,383
Other Revenue
$805,485
All Other Contributions
$2,307,368
Change in Net Assets
$-419,644

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded5$85,398Fair Market Value (FMV)
Total Noncash Contributions5$85,398-

Audited Revenue Reconciliation

Revenue per Audited Statements
$8,744,638
Revenue Not Reported on Financial Statements
$2,158,673
Revenue Not Reported on Form 990
$741,496
Other Revenue Adjustments
$2,158,305
Total Revenue per Audited Statements
$9,486,134
Total Revenue per Form 990
$10,903,311
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$6,723,584
Other Expenses$3,006,726
Grants and Similar Amounts Paid$1,592,645
Total Fundraising Expense$418,516
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$3,993,736$948,333$182,607$5,124,676
Grants to Domestic Individuals$1,592,645--$1,592,645
Other Employee Benefits$793,289$128,603$24,763$946,655
Depreciation Depletion$588,542$139,752$26,910$755,204
Interest$448,179$106,422$20,492$575,093
Payroll Taxes$299,590$71,139$13,698$384,427
Current Officers, Directors, Trustees, and Key Employees$208,721$49,562$9,543$267,826
Office Expenses-$155,267$110,599$265,866
Insurance-$155,619-$155,619
Other Expenses$135,770$144,663$6,208$144,663
Advertising-$74,806-$74,806
Fees for Services Legal-$72,265-$72,265
Information Technology-$55,902-$55,902
Fees for Services Other-$33,288-$33,288
Fees for Services Accounting-$25,500-$25,500
All Other Expenses$8,923$2,118$408$11,449
Travel-$8,928-$8,928
Fees for Service Investment Mgmnt Fees-$368-$368
Total Functional Expenses$8,578,722$2,325,717$418,516$11,322,955

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$11,322,955
Total Expenses per Audited Statements$9,547,616
Expenses per Audited Statements$9,164,282
Expenses Not Reported on Financial Statements$2,158,673
Other Expense Adjustments$2,158,305
Expenses Not Reported on Form 990$383,334
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$3,239,000$3,239,000→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Interest payable$340,169
Interest rate swap agreement liability$82,545

Bond Issues

BondIssuerIssuedIssue PricePurpose
AColorado Educational and Cultural Facilities Authority2014-02-05$12,000,000To refinance borrower debt from FJC and The Conduit Foundation

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$12,000,000$11,761,000-$239,000

Bond Financing Compliance

No rebate due
No
Rebate not yet due
No
Form 8038-T filed
No
Gross proceeds invested
No
Gross proceeds invested in GIC
No
Exception to rebate
No
Corrective action procedures
Yes
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
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 audit committee reviews the form 990 and supplies its comments. Once the return is final the organization provides the governing body with a copy of the form 990 prior to it being filed with the IRS.”

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

“The board members are required to sign the COI statement annually.”

Form 990, Part VI, Section B, line 15

“The Finance Committee Chair and President of the School have the ability to extend the Head of School contract annually or based on a predetermined term. During the negotiation process, they consider other comparable local HOS school compensation packages when they are available. The Head of School negotiates all other highly compensated employee packages.”

Form 990, Part VI, Section C, line 19

“The governing documents, conflict of interest policy, financial statements and form 990 are available upon request.”

Filing and Contact Details

Filer

Filer Name
Carmel Academy
EIN
13-4013334
Phone
2038639663
Address
270 Lake Ave, Greenwich, CT 06830-4518

Signing Officer

Name
Nora Anderson
Title
Head of School
Phone
2038639663
Signed
2018-05-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Nora Anderson
Formed
1997
Legal Domicile
Ny
Voting Board Members
17
Independent Board Members
17
Employees
139
Volunteers
117

Preparer

Firm
Marks Paneth LLP
Address
30 Oak Street, Stamford, CT 06905
Preparer
Scott M Brenner
Phone
2039758830
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2C

“Carmel Academy has an audit committee that assumes the responsibility for overseeing the audit. This process has not changed from previous years.”

Financial Statement Notes

Part X, Line 2:

“The School evaluates all significant tax positions as required by accounting principles generally accepted in the United States of America. As of June 30, 2017, the School does not believe that it has taken any positions that would require the recording of any additional tax liability nor does it believe that there are any unrealized tax benefits that would either increase or decrease within the next year.”

Part XI, Line 2D - Other Adjustments:

“Reimbursed expenses from Japanese School 383,334.”

Part XI, Line 4B - Other Adjustments:

“Tuition assistance included net tuition 1,844,345. Investment gains and change in value of interest rate cap and swap 313,960.”

Part XII, Line 2D - Other Adjustments:

“Reimbursed expenses from Japanese School 383,334.”

Part XII, Line 4B - Other Adjustments:

“Tuition assistance included net tuition 1,844,345. Investment gains and change in value of interest rate cap and swap 313,960.”

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IRS990/Desc0Carmel Academy is a forward-thinking private school for children of all Jewish affiliations, offering each of its students an exceptional, challenging and creative educational experience from kindergarten through eighth grade. Accredited with distinction by the Connecticut Association of Independent Schools, Carmel Academy's multi-disciplinary educational approach encourages its students to make connections between the classroom and the world. Experienced, passionate master teachers bring the school's educational philosophy to life, instilling creativity, critical thinking and a joy of learning in each student. With the benefits of a low student-teacher ratio and a dynamic, differentiated learning environment, students master the knowledge essential to continue on to the finest secondary schools, as well as to think critically and in a broader scope. The school's expert educational leadership designed Carmel Academy's dual curriculum from the ground up - incorporating only the highest in national standards - to integrate general and Judaic knowledge throughout the day. Set on a beautiful, historic 17-acre campus in Greenwich, CT, Carmel Academy is equipped with the infrastructure and technology to make it an unrivaled 21st century educational institution. With its central Greenwich location, Carmel attracts students throughout Fairfield and Westchester Counties, as well Riverdale and Manhattan. The school offers state-of-the-art laboratory and computer resources, as well as award winning enrichment programs to foster excellence in science, technology, engineering and mathematics (STEM). Children enjoy a wide-array of extracurricular activities and interscholastic team sports.As part of Carmel Academy's commitment to providing a meaningful Jewish day school experience for all children, the school offers a special education program for children with language-based learning disabilities. PALS (Providing Alternative Learning Strategies) gives children with special needs the tools to maximize their academic potential, while at the same time affording them the myriad benefits of a Jewish education.Carmel Academy provides an excellent foundation for long-term academic success, while fostering a deep love and connection to a common Jewish identity through history and culture, prayer and text, Zionism and Hebrew as a modern, living language.
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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt90
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt100
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt110
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt120
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt130
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt140
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt150
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt160
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1714436
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1850780
IRS990/Form990PartVIISectionAGrp/PersonNm0Evan Levy
IRS990/Form990PartVIISectionAGrp/PersonNm1Laurel Asness
IRS990/Form990PartVIISectionAGrp/PersonNm2Yale Paprin
IRS990/Form990PartVIISectionAGrp/PersonNm3Jonathan Malkin
IRS990/Form990PartVIISectionAGrp/PersonNm4Rochelle Tarlowe
IRS990/Form990PartVIISectionAGrp/PersonNm5Emanuel Citron
IRS990/Form990PartVIISectionAGrp/PersonNm6Pam Feldstein
IRS990/Form990PartVIISectionAGrp/PersonNm7Ivan Horak
IRS990/Form990PartVIISectionAGrp/PersonNm8Michael Kaplan
IRS990/Form990PartVIISectionAGrp/PersonNm9Gilad Kalter
IRS990/Form990PartVIISectionAGrp/PersonNm10Guy Levy
IRS990/Form990PartVIISectionAGrp/PersonNm11Robye Margolius
IRS990/Form990PartVIISectionAGrp/PersonNm12Jeffrey Richard
IRS990/Form990PartVIISectionAGrp/PersonNm13Stuart Roth
IRS990/Form990PartVIISectionAGrp/PersonNm14Adam Safer
IRS990/Form990PartVIISectionAGrp/PersonNm15Cori SaNogueira
IRS990/Form990PartVIISectionAGrp/PersonNm16Noah Yechiely
IRS990/Form990PartVIISectionAGrp/PersonNm17Nora Anderson
IRS990/Form990PartVIISectionAGrp/PersonNm18Risa Vine
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt160
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt17174945
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt1866500
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt160
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt170
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt180
IRS990/Form990PartVIISectionAGrp/TitleTxt0President
IRS990/Form990PartVIISectionAGrp/TitleTxt1Vice President
IRS990/Form990PartVIISectionAGrp/TitleTxt2Vice President
IRS990/Form990PartVIISectionAGrp/TitleTxt3Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt4Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt5Director
IRS990/Form990PartVIISectionAGrp/TitleTxt6Director
IRS990/Form990PartVIISectionAGrp/TitleTxt7Director
IRS990/Form990PartVIISectionAGrp/TitleTxt8Director
IRS990/Form990PartVIISectionAGrp/TitleTxt9Director
IRS990/Form990PartVIISectionAGrp/TitleTxt10Director
IRS990/Form990PartVIISectionAGrp/TitleTxt11Director
IRS990/Form990PartVIISectionAGrp/TitleTxt12Director
IRS990/Form990PartVIISectionAGrp/TitleTxt13Director
IRS990/Form990PartVIISectionAGrp/TitleTxt14Director
IRS990/Form990PartVIISectionAGrp/TitleTxt15Director
IRS990/Form990PartVIISectionAGrp/TitleTxt16Director
IRS990/Form990PartVIISectionAGrp/TitleTxt17Head of School
IRS990/Form990PartVIISectionAGrp/TitleTxt18Chief Fin. Officer as of 10/31/16
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01997
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/SecuritiesAmt028431
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt017
IRS990/GrantAmt01592645
IRS990/GrantsToDomesticIndividualsGrp/ProgramServicesAmt01592645
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt01592645
IRS990/GrantsToIndividualsInd01
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt0431234
IRS990/GrossReceiptsAmt011689448
IRS990/GrossRentsGrp/RealAmt01176385
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt017
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt055902
IRS990/InformationTechnologyGrp/TotalAmt055902
IRS990/InsuranceGrp/ManagementAndGeneralAmt0155619
IRS990/InsuranceGrp/TotalAmt0155619
IRS990/InterestGrp/FundraisingAmt020492
IRS990/InterestGrp/ManagementAndGeneralAmt0106422
IRS990/InterestGrp/ProgramServicesAmt0448179
IRS990/InterestGrp/TotalAmt0575093
IRS990/InvestmentIncomeGrp/ExclusionAmt040952
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt040952
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt01904983
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt02426393
IRS990/InvestTaxExemptBondsInd00
IRS990/IRPDocumentCnt066
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt08977098
IRS990/LandBldgEquipBasisNetGrp/BOYAmt024164068
IRS990/LandBldgEquipBasisNetGrp/EOYAmt023618845
IRS990/LandBldgEquipCostOrOtherBssAmt032595943
IRS990/LegalDomicileStateCd0NY
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt0402803
IRS990/LessRentalExpensesGrp/RealAmt0383334
IRS990/LoanOutstandingInd01
IRS990/LoansFromOfficersDirectorsGrp/BOYAmt03239000
IRS990/LoansFromOfficersDirectorsGrp/EOYAmt03239000
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0Carmel Academy is an educational institution that stretches each child's intellect and creativity; that is passionate about Jewish identity and values; that is committed to the betterment of our world and a strong bond with the State of Israel. Our faculty models it ... our students live it.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt011828075
IRS990/NetAssetsOrFundBalancesEOYAmt011766593
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt028431
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt028431
IRS990/NetRentalIncomeOrLossGrp/ExclusionAmt0793051
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt0793051
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0285897
IRS990/NoncashContributionsAmt085398
IRS990/NondeductibleContributionsInd00
IRS990/OfficeExpensesGrp/FundraisingAmt0110599
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0155267
IRS990/OfficeExpensesGrp/TotalAmt0265866
IRS990/OfficerMailingAddressInd00
IRS990/OnBehalfOfIssuerInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt054226
IRS990/OtherAssetsTotalGrp/EOYAmt042091
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt024763
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt0128603
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0793289
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0946655
IRS990/OtherExpensesGrp/Desc0Auxiliary Services
IRS990/OtherExpensesGrp/Desc1Repairs & Maintenance
IRS990/OtherExpensesGrp/Desc2Instructional
IRS990/OtherExpensesGrp/Desc3Bad Debt Expense
IRS990/OtherExpensesGrp/FundraisingAmt013302
IRS990/OtherExpensesGrp/FundraisingAmt19986
IRS990/OtherExpensesGrp/FundraisingAmt26208
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt069082
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt151861
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt232239
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt3144663
IRS990/OtherExpensesGrp/ProgramServicesAmt0290924
IRS990/OtherExpensesGrp/ProgramServicesAmt1218403
IRS990/OtherExpensesGrp/ProgramServicesAmt2135770
IRS990/OtherExpensesGrp/TotalAmt0373308
IRS990/OtherExpensesGrp/TotalAmt1280250
IRS990/OtherExpensesGrp/TotalAmt2174217
IRS990/OtherExpensesGrp/TotalAmt3144663
IRS990/OtherLiabilitiesGrp/BOYAmt0464487
IRS990/OtherLiabilitiesGrp/EOYAmt0422714
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0Miscellaneous Income
IRS990/OtherRevenueMiscGrp/ExclusionAmt012434
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt012434
IRS990/OtherRevenueTotalAmt012434
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt0182607
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0948333
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt03993736
IRS990/OtherSalariesAndWagesGrp/TotalAmt05124676
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt013698
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt071139
IRS990/PayrollTaxesGrp/ProgramServicesAmt0299590
IRS990/PayrollTaxesGrp/TotalAmt0384427
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0793147
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0703857
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0121289
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt028430
IRS990/PrincipalOfficerNm0Nora Anderson
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611600
IRS990/ProgramServiceRevenueGrp/BusinessCd1611600
IRS990/ProgramServiceRevenueGrp/Desc0Student tuition & fees
IRS990/ProgramServiceRevenueGrp/Desc1Activity revenue
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt07520376
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1200699
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt07520376
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1200699
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt02679627
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt01400450
IRS990/PYInvestmentIncomeAmt037954
IRS990/PYOtherExpensesAmt03218504
IRS990/PYOtherRevenueAmt01174087
IRS990/PYProgramServiceRevenueAmt06696869
IRS990/PYRevenuesLessExpensesAmt0-547039
IRS990/PYSalariesCompEmpBnftPaidAmt06516622
IRS990/PYTotalExpensesAmt011135576
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt010588537
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-419644
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/RealAmt0793051
IRS990/ReportInvestmentsOtherSecInd01
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt07733509

Document Assets

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Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$27,837,721
Liabilities
$16,071,128
Net assets
$11,766,593
Revenue
$10,903,311
Expenses
$11,322,955
Net income
-$419,644
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2026Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$0.00$0.05$0.05
2025Detailed filing. Detailed filing data is available for this year.$0.05$0.00$0.05$0.00$0.04$0.04
2024Detailed filing. Detailed filing data is available for this year.$0.09$0.00$0.09$0.05$0.30$0.25
2023Detailed filing. Detailed filing data is available for this year.$21.1$15.5$5.56$0.35$1.95$1.60
2022Detailed filing. Detailed filing data is available for this year.$22.8$15.6$7.16$2.15$2.59$0.45
2021Detailed filing. Detailed filing data is available for this year.$22.5$15.7$6.80$3.60$3.21$0.39
2020Detailed filing. Detailed filing data is available for this year.$24.1$17.1$6.91$7.93$10.2$2.26
2019Detailed filing. Detailed filing data is available for this year.$25.3$16.1$9.20$9.75$11.7$1.98
2018Detailed filing. Detailed filing data is available for this year.$27.7$16.4$11.3$11.9$12.5$0.64
2017Detailed filing. Detailed filing data is available for this year.$27.8$16.1$11.8$10.9$11.3$0.42
2016Detailed filing. Detailed filing data is available for this year.$28.2$16.4$11.8$10.6$11.1$0.55
2015Detailed filing. Detailed filing data is available for this year.$29.0$16.7$12.3$9.35$9.61$0.26
2014Detailed filing. Detailed filing data is available for this year.$29.3$16.7$12.6$10.3$9.65$0.68
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$28.3$16.2$12.1$8.87
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$28.7$17.3$11.4$9.74
2011Summary only. Only limited summary data is available for this year.$29.4$17.0$12.5$10.1$10.8$0.68
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$30.0$17.0$13.0$10.5