Civic Intelligence

Carmel Academy

990 • Fiscal year 2020 • EIN 13-4013334

Jul 01, 2019 to Jun 30, 2020 • Filed on May 14, 2021

Organization ProfileWWW.CARMELACADEMY.COM

View Organization Page

270 Lake AvenueGreenwich, CT 06830

(203) 863-9663

Siviq Scores

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

Liabilities / Assets

83rd percentile

0.71x

Higher debt load relative to assets than 83% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Liabilities / Revenue

88th percentile

2.16x

Higher debt load relative to revenue than 88% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Net Margin

10th percentile

-28%

Higher net margin than 10% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Top Officer Pay

74th percentile

$270,253

Higher top officer pay than 74% of similar nonprofits.

Top officer pay equals 3.4% of source-year revenue.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Asset Growth

12th percentile

-4.9%

Faster asset growth than 12% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2019 to 2020

Revenue Growth

20th percentile

-19%

Faster revenue growth than 20% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets83rd percentile

Assets

Down

$24,055,388

Down $1,235,448 (-4.9%) from 2019

Net Assets

Down

$6,907,143

Down $2,288,739 (-25%) from 2019

Liabilities

Up

$17,148,245

Up $1,053,291 (+6.5%) from 2019

Revenue And Expenses
Liabilities / Revenue88th percentileNet Margin10th percentile

Revenue

Down

$7,933,847

Down $1,815,437 (-19%) from 2019

Expenses

Down

$10,194,697

Down $1,530,957 (-13%) from 2019

Net Income

Down

-$2,260,850

Down $284,480 (-14%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth12th 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

2020

Assets$24,055,388
Liabilities$17,148,245
Net Assets$6,907,143
Open 2020 Filing

Operations Trend

Revenue Growth20th 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

2020

Revenue$7,933,847
Expenses$10,194,697
Net Income-$2,260,850
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
May 14, 2021
Return Version
2019v5.2
Gross Receipts
$9,063,796
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 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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$22,359,785$21,583,015▼ $776,770
Accounts Receivable$1,009,971$1,089,797▲ $79,826
Cash and Non-Interest-Bearing Accounts$538,343$655,818▲ $117,475
Investments in Publicly Traded Securities$1,137,590$448,330▼ $689,260
Pledges and Grants Receivable$123,828$110,528▼ $13,300
Prepaid Expenses and Deferred Charges$4,966$28,188▲ $23,222
Total Assets$25,290,836$24,055,388▼ $1,235,448
Other Assets Total$116,353$139,712▲ $23,359
Liabilities
Unsecured Notes Loans Payable$10,602,058$10,293,018▼ $309,040
Mortgage Notes Payable Secured by Investment Property$3,614,000$4,696,970▲ $1,082,970
Other Liabilities$747,236$1,377,714▲ $630,478
Accounts Payable and Accrued Expenses$578,758$541,132▼ $37,626
Deferred Revenue$552,902$239,411▼ $313,491
Total Liabilities$16,094,954$17,148,245▲ $1,053,291
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$9,131,882$6,907,143▼ $2,224,739
Net Assets With Donor Restrictions$64,000$0▼ $64,000
Total Net Assets Fund Balance$9,195,882$6,907,143▼ $2,288,739
Total Liabilities and Net Assets / Fund Balance$25,290,836$24,055,388▼ $1,235,448

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$15,170,760$9,503,657$24,674,417
Land$6,230,568-$6,230,568
Equipment$119,836$1,343,023$1,462,859
Other Land Buildings$61,851$452,484$514,335
Compensation and Service Providers
Top Officer Pay74th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Nora AndersonHead of SchoolFT$234,426$35,827$270,253
Seth YoungAssoc Head of SchoolFT$118,843$29,400$148,243
Yael SlonimChief Operating OfficerFT$100,324-$100,324

Board Members and Trustees

NameTitle
Jonathan MalkinPresident
Pamela FeldsteinVice President
Yale PaprinVice President
Adam SaferDirector
Alix EbenDirector
Colin DiamondDirector
Cori SanogueiraDirector
David NapachDirector
Emanuel CitronDirector
Evan LevyDirector
Gilad KalterDirector
Ivan HorakDirector
Jeffrey RichardDirector
Michael KaplanDirector
Noah YechielyDirector
Philip SteinmetzDirector
Rachel SchneiderDirector
Stuart RothDirector
Robye MargoliusSecretary
Rochelle TarloweTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$890,847
Program Service Revenue
$5,600,639
Investment Income
$8,541
Other Revenue
$1,433,820
All Other Contributions
$890,847
Change in Net Assets
$-2,260,850
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$5,449,178
Other Expenses$3,026,239
Grants and Similar Amounts Paid$1,719,280
Total Fundraising Expense$232,726
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$3,753,835$441,423$140,926$4,336,184
Grants to Domestic Individuals$1,719,280--$1,719,280
Depreciation Depletion$675,246$79,404$25,350$780,000
Interest-$703,197-$703,197
Payroll Taxes$352,363$41,437$13,228$407,028
Other Employee Benefits$315,873$37,143$11,859$364,875
Current Officers, Directors, Trustees, and Key Employees$295,283$34,723$11,085$341,091
Fees for Services Other$228,816$26,908$8,590$264,314
Occupancy$197,563$1,690$540$199,793
Office Expenses$151,954$8,427$2,690$163,071
Insurance$128,397$15,099$4,820$148,316
Fees for Services Accounting$96,364$11,331$3,618$111,313
Other Expenses$56,076$12,622$4,030$56,076
All Other Expenses$44,824$10,796$415$56,035
Advertising$27,674$3,254$1,039$31,967
Travel$7,380$868$277$8,525
Total Functional Expenses$8,520,309$1,441,662$232,726$10,194,697
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
Accrued Interest$909,737
Capital Expenditure Rent$410,615
Interest Rate Swap Agreement$57,362

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--$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
No
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 A, Line 8B

“Not all committees of the academy took notes at their meetings.”

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

“Each board member was provided a copy of the 990 before it was filed with the irs.”

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

“Board members and senior administrators must sign the conflict of interest policy annually.”

Form 990, Part VI, Section B, Line 15

“Head of school contract was negotiated by head of school evaluation committee in consultation with head of cais.”

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 AVENUE, GREENWICH, CT 06830

Signing Officer

Name
Rochelle Tarlowe
Title
Treasurer
Phone
2038639663
Signed
2021-05-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Rochelle Tarlowe
Formed
1997
Legal Domicile
Ny
Voting Board Members
20
Independent Board Members
20
Employees
106
Volunteers
20

Preparer

Firm
CONDON O'MEARA MCGINTY & DONNELLY LLP
Address
ONE BATTERY PARK PLAZA, NEW YORK, NY 10004
Preparer
James J Reilly
Phone
2126617777
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 3

“Due to the coronavirus pandemic the school ceased operations in june 30, 2020.”

FORM 990, PART XI, LINE 9:

“Change in value of interest rate swap -20,423.”

Part I - Part XII - Financial Statement & Reporting

“Please be advised the audit of the books and records of the carmel academy has not been completed. Therefore, changes to the books and records may be required, and if so, the enclosed tax return may need to be amended.”

Raw XML AppendixShowing 400 of 660 raw XML fields

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IRS990/ActivityOrMissionDesc0CARMEL 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.
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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- ISCIPLINARY 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 CRITICIALLY AND IN A BROADER SCOPE.THE SCHOOL'S EXPERT EDUCAITONAL 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.
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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt210
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt220
IRS990/Form990PartVIISectionAGrp/PersonNm0NORA ANDERSON
IRS990/Form990PartVIISectionAGrp/PersonNm1SETH YOUNG
IRS990/Form990PartVIISectionAGrp/PersonNm2YAEL SLONIM
IRS990/Form990PartVIISectionAGrp/PersonNm3JONATHAN MALKIN
IRS990/Form990PartVIISectionAGrp/PersonNm4YALE PAPRIN
IRS990/Form990PartVIISectionAGrp/PersonNm5PAMELA FELDSTEIN
IRS990/Form990PartVIISectionAGrp/PersonNm6ROCHELLE TARLOWE
IRS990/Form990PartVIISectionAGrp/PersonNm7ROBYE MARGOLIUS
IRS990/Form990PartVIISectionAGrp/PersonNm8EMANUEL CITRON
IRS990/Form990PartVIISectionAGrp/PersonNm9COLIN DIAMOND
IRS990/Form990PartVIISectionAGrp/PersonNm10ALIX EBEN
IRS990/Form990PartVIISectionAGrp/PersonNm11IVAN HORAK
IRS990/Form990PartVIISectionAGrp/PersonNm12GILAD KALTER
IRS990/Form990PartVIISectionAGrp/PersonNm13MICHAEL KAPLAN
IRS990/Form990PartVIISectionAGrp/PersonNm14EVAN LEVY
IRS990/Form990PartVIISectionAGrp/PersonNm15DAVID NAPACH
IRS990/Form990PartVIISectionAGrp/PersonNm16JEFFREY RICHARD
IRS990/Form990PartVIISectionAGrp/PersonNm17STUART ROTH
IRS990/Form990PartVIISectionAGrp/PersonNm18ADAM SAFER
IRS990/Form990PartVIISectionAGrp/PersonNm19CORI SANOGUEIRA
IRS990/Form990PartVIISectionAGrp/PersonNm20RACHEL SCHNEIDER
IRS990/Form990PartVIISectionAGrp/PersonNm21PHILIP STEINMETZ
IRS990/Form990PartVIISectionAGrp/PersonNm22NOAH YECHIELY
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt0234426
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt1118843
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt2100324
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/ReportableCompFromOrgAmt170
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt180
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt190
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt200
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt210
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt220
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/ReportableCompFromRltdOrgAmt190
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt200
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt210
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt220
IRS990/Form990PartVIISectionAGrp/TitleTxt0HEAD OF SCHOOL
IRS990/Form990PartVIISectionAGrp/TitleTxt1ASSOC HEAD OF SCHOOL
IRS990/Form990PartVIISectionAGrp/TitleTxt2CHIEF OPERATING OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt3PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt4VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt5VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt6TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt7SECRETARY
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/TitleTxt17DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt18DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt19DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt20DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt21DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt22DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01997
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedInd00
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/SecuritiesAmt0-6534
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt020
IRS990/GrantAmt01719280
IRS990/GrantsToDomesticIndividualsGrp/ProgramServicesAmt01719280
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt01719280
IRS990/GrantsToIndividualsInd01
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt01123415
IRS990/GrossReceiptsAmt09063796
IRS990/GrossRentsGrp/RealAmt01363587
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt020
IRS990/IndivRcvdGreaterThan100KCnt03
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InsuranceGrp/FundraisingAmt04820
IRS990/InsuranceGrp/ManagementAndGeneralAmt015099
IRS990/InsuranceGrp/ProgramServicesAmt0128397
IRS990/InsuranceGrp/TotalAmt0148316
IRS990/InterestGrp/ManagementAndGeneralAmt0703197
IRS990/InterestGrp/TotalAmt0703197
IRS990/InvestmentIncomeGrp/ExclusionAmt015075
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt015075
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt01137590
IRS990/InvestmentsPubTradedSecGrp/EOYAmt0448330
IRS990/InvestTaxExemptBondsInd00
IRS990/IRPDocumentCnt044
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt011299164
IRS990/LandBldgEquipBasisNetGrp/BOYAmt022359785
IRS990/LandBldgEquipBasisNetGrp/EOYAmt021583015
IRS990/LandBldgEquipCostOrOtherBssAmt032882179
IRS990/LegalDomicileStateCd0NY
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt01129949
IRS990/LessRentalExpensesGrp/RealAmt00
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd00
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/MortgNotesPyblScrdInvstPropGrp/BOYAmt03614000
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt04696970
IRS990/NetAssetsOrFundBalancesBOYAmt09195882
IRS990/NetAssetsOrFundBalancesEOYAmt06907143
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0-6534
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0-6534
IRS990/NetRentalIncomeOrLossGrp/ExclusionAmt01363587
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt01363587
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0-7466
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt09131882
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt06907143
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/FundraisingAmt0540
IRS990/OccupancyGrp/ManagementAndGeneralAmt01690
IRS990/OccupancyGrp/ProgramServicesAmt0197563
IRS990/OccupancyGrp/TotalAmt0199793
IRS990/OfficeExpensesGrp/FundraisingAmt02690
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt08427
IRS990/OfficeExpensesGrp/ProgramServicesAmt0151954
IRS990/OfficeExpensesGrp/TotalAmt0163071
IRS990/OfficerMailingAddressInd00
IRS990/OnBehalfOfIssuerInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0116353
IRS990/OtherAssetsTotalGrp/EOYAmt0139712
IRS990/OtherChangesInNetAssetsAmt0-20423
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt011859
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt037143
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0315873
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0364875
IRS990/OtherExpensesGrp/Desc0REPAIRS AND MAINTENANCE
IRS990/OtherExpensesGrp/Desc1OTHER
IRS990/OtherExpensesGrp/Desc2ACTIVITY AND EVENTS
IRS990/OtherExpensesGrp/Desc3REAL ESTATE TAXES
IRS990/OtherExpensesGrp/FundraisingAmt0240
IRS990/OtherExpensesGrp/FundraisingAmt14019
IRS990/OtherExpensesGrp/FundraisingAmt24030
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0752
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt112588
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt212622
IRS990/OtherExpensesGrp/ProgramServicesAmt0222174
IRS990/OtherExpensesGrp/ProgramServicesAmt1139868
IRS990/OtherExpensesGrp/ProgramServicesAmt2107339
IRS990/OtherExpensesGrp/ProgramServicesAmt356076
IRS990/OtherExpensesGrp/TotalAmt0223166
IRS990/OtherExpensesGrp/TotalAmt1156475
IRS990/OtherExpensesGrp/TotalAmt2123991
IRS990/OtherExpensesGrp/TotalAmt356076
IRS990/OtherLiabilitiesGrp/BOYAmt0747236
IRS990/OtherLiabilitiesGrp/EOYAmt01377714
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0OTHER
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt070233
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt070233
IRS990/OtherRevenueTotalAmt070233
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt0140926
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0441423
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt03753835
IRS990/OtherSalariesAndWagesGrp/TotalAmt04336184
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt013228
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt041437
IRS990/PayrollTaxesGrp/ProgramServicesAmt0352363
IRS990/PayrollTaxesGrp/TotalAmt0407028
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0123828
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0110528
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt04966
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt028188
IRS990/PrincipalOfficerNm0ROCHELLE TARLOWE
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611600
IRS990/ProgramServiceRevenueGrp/BusinessCd1611600
IRS990/ProgramServiceRevenueGrp/Desc0STUDENT TUITION & FEES
IRS990/ProgramServiceRevenueGrp/Desc1OTHER PROGRAMS
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt05584656
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt115983

Document Assets

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Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$24,055,388
Liabilities
$17,148,245
Net assets
$6,907,143
Revenue
$7,933,847
Expenses
$10,194,697
Net income
-$2,260,850
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