Civic Intelligence

Carmel Academy

990 • Fiscal year 2021 • EIN 13-4013334

Jul 01, 2020 to Jun 30, 2021 • Filed on May 16, 2022

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

85th percentile

0.70x

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

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Liabilities / Revenue

93rd percentile

4.37x

Higher debt load relative to revenue than 93% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Net Margin

47th percentile

11%

Higher net margin than 47% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Top Officer Pay

40th percentile

$146,339

Higher top officer pay than 40% of similar nonprofits.

Top officer pay equals 4.1% of source-year revenue.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Asset Growth

9th percentile

-6.3%

Faster asset growth than 9% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2020 to 2021

Revenue Growth

4th percentile

-55%

Faster revenue growth than 4% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets85th percentile

Assets

Down

$22,529,112

Down $1,526,276 (-6.3%) from 2020

Net Assets

Down

$6,803,347

Down $103,796 (-1.5%) from 2020

Liabilities

Down

$15,725,765

Down $1,422,480 (-8.3%) from 2020

Revenue And Expenses
Liabilities / Revenue93rd percentileNet Margin47th percentile

Revenue

Down

$3,599,008

Down $4,334,839 (-55%) from 2020

Expenses

Down

$3,205,045

Down $6,989,652 (-69%) from 2020

Net Income

Up

$393,963

Up $2,654,813 (+117%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth9th 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

2021

Assets$22,529,112
Liabilities$15,725,765
Net Assets$6,803,347
Open 2021 Filing

Operations Trend

Revenue Growth4th 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

2021

Revenue$3,599,008
Expenses$3,205,045
Net Income$393,963
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
May 16, 2022
Return Version
2020v4.2
Gross Receipts
$3,599,008
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$21,583,015$20,811,886▼ $771,129
Cash and Non-Interest-Bearing Accounts$655,818$718,152▲ $62,334
Accounts Receivable$552,004$694,941▲ $142,937
Investments in Publicly Traded Securities$448,330--
Pledges and Grants Receivable-$110,528-
Prepaid Expenses and Deferred Charges$28,188$38,133▲ $9,945
Total Assets$23,407,067$22,529,112▼ $877,955
Other Assets Total$139,712$155,472▲ $15,760
Liabilities
Unsecured Notes Loans Payable$10,293,018$9,957,672▼ $335,346
Mortgage Notes Payable Secured by Investment Property$4,696,970$3,614,000▼ $1,082,970
Other Liabilities$1,377,714$1,805,129▲ $427,415
Accounts Payable and Accrued Expenses$541,132$193,492▼ $347,640
Deferred Revenue$146,211$155,472▲ $9,261
Total Liabilities$17,055,045$15,725,765▼ $1,329,280
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$6,352,022$6,803,347▲ $451,325
Total Net Assets Fund Balance$6,352,022$6,803,347▲ $451,325
Total Liabilities and Net Assets / Fund Balance$23,407,067$22,529,112▼ $877,955

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$14,581,318$10,093,099$24,674,417
Land$6,230,568-$6,230,568
Equipment$0$1,462,859$1,462,859
Other Land Buildings$0$514,335$514,335
Compensation and Service Providers
Top Officer Pay40th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Nora AndersonHead of SchoolFT$140,826$5,513$146,339

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
Seth YoungAssoc Head of School
Yael SlonimChief Operating Officer
Robye MargoliusSecretary
Rochelle TarloweTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$4,583
Program Service Revenue
$0
Investment Income
$12
Other Revenue
$3,594,413
All Other Contributions
$4,583
Change in Net Assets
$393,963
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,249,885
Salaries, Compensation, and Employee Benefits$951,402
Total Fundraising Expense$67,568
Grants and Similar Amounts Paid$3,758
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$670,882$77,113$23,134$771,129
Other Salaries and Wages$490,323$56,359$16,908$563,590
Interest-$497,681-$497,681
Fees for Services Other$351,461$22,921$7,640$382,022
Insurance$192,709$22,151$6,645$221,505
Occupancy$162,984$1,318$494$164,796
Current Officers, Directors, Trustees, and Key Employees$127,315$14,634$4,390$146,339
Other Employee Benefits$112,141$12,890$3,867$128,898
Payroll Taxes$97,940$11,258$3,377$112,575
Office Expenses$50,483$3,825$1,093$55,401
Grants to Domestic Individuals$3,758--$3,758
Other Expenses$597$69$21$687
Advertising$127$15$4$146
All Other Expenses$-5,168$-465$-174$-5,807
Total Functional Expenses$2,417,140$720,337$67,568$3,205,045
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$1,119,248
Capital Expenditure Rent$685,881

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
2022-05-16
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
79
Volunteers
20

Preparer

Firm
CONDON O'MEARA MCGINTY & DONNELLY LLP
Address
ONE BATTERY PARK PLAZA 7TH FL, NEW YORK, NY 10004
Preparer
Alexander Lazzaruolo
Phone
2126617777
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

“Consulting fees: program service expenses 351,461. Management and general expenses 22,921. Fundraising expenses 7,640. Total expenses 382,022.”

FORM 990, PART XI, LINE 9:

“Change in value of interest rate swap 57,362.”

Part I - Part XII - Financial Statement & Reporting

“Please be advised that as of the date of the filing of this form 990, the audit of the books and records of the carmel academy have not yet been completed. Therefore, changes to the books and records may be required, and if so, the enclosed tax return may need to be amended.”

Financial Statement Notes

PART XI, LINE 4B - OTHER ADJUSTMENTS:

“Gross up of tuition assistance change in value of interes rate swap”

PART XII, LINE 4B - OTHER ADJUSTMENTS:

“Gross up of tuition assistance”

Raw XML AppendixShowing 400 of 611 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/PersonNm7ALIX EBEN
IRS990/Form990PartVIISectionAGrp/PersonNm8IVAN HORAK
IRS990/Form990PartVIISectionAGrp/PersonNm9GILAD KALTER
IRS990/Form990PartVIISectionAGrp/PersonNm10MICHAEL KAPLAN
IRS990/Form990PartVIISectionAGrp/PersonNm11EVAN LEVY
IRS990/Form990PartVIISectionAGrp/PersonNm12DAVID NAPACH
IRS990/Form990PartVIISectionAGrp/PersonNm13JEFFREY RICHARD
IRS990/Form990PartVIISectionAGrp/PersonNm14STUART ROTH
IRS990/Form990PartVIISectionAGrp/PersonNm15ADAM SAFER
IRS990/Form990PartVIISectionAGrp/PersonNm16CORI SANOGUEIRA
IRS990/Form990PartVIISectionAGrp/PersonNm17RACHEL SCHNEIDER
IRS990/Form990PartVIISectionAGrp/PersonNm18PHILIP STEINMETZ
IRS990/Form990PartVIISectionAGrp/PersonNm19NOAH YECHIELY
IRS990/Form990PartVIISectionAGrp/PersonNm20NORA ANDERSON
IRS990/Form990PartVIISectionAGrp/PersonNm21SETH YOUNG
IRS990/Form990PartVIISectionAGrp/PersonNm22YAEL SLONIM
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt150
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt170
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt180
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt190
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt220
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
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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
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt170
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt180
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt190
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt200
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt210
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt220
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/TitleTxt17DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt18DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt19DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt20HEAD OF SCHOOL
IRS990/Form990PartVIISectionAGrp/TitleTxt21ASSOC HEAD OF SCHOOL
IRS990/Form990PartVIISectionAGrp/TitleTxt22CHIEF OPERATING OFFICER
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01997
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedInd00
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt020
IRS990/GrantAmt03758
IRS990/GrantsToDomesticIndividualsGrp/ProgramServicesAmt03758
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt03758
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt03599008
IRS990/GrossRentsGrp/RealAmt01872742
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt020
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartIXInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InsuranceGrp/FundraisingAmt06645
IRS990/InsuranceGrp/ManagementAndGeneralAmt022151
IRS990/InsuranceGrp/ProgramServicesAmt0192709
IRS990/InsuranceGrp/TotalAmt0221505
IRS990/InterestGrp/ManagementAndGeneralAmt0497681
IRS990/InterestGrp/TotalAmt0497681
IRS990/InvestmentIncomeGrp/ExclusionAmt012
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt012
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt0448330
IRS990/InvestTaxExemptBondsInd00
IRS990/IRPDocumentCnt030
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt012070293
IRS990/LandBldgEquipBasisNetGrp/BOYAmt021583015
IRS990/LandBldgEquipBasisNetGrp/EOYAmt020811886
IRS990/LandBldgEquipCostOrOtherBssAmt032882179
IRS990/LegalDomicileStateCd0NY
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/BOYAmt04696970
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt03614000
IRS990/NetAssetsOrFundBalancesBOYAmt06352022
IRS990/NetAssetsOrFundBalancesEOYAmt06803347
IRS990/NetRentalIncomeOrLossGrp/ExclusionAmt01872742
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt01872742
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt06352022
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt06803347
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/FundraisingAmt0494
IRS990/OccupancyGrp/ManagementAndGeneralAmt01318
IRS990/OccupancyGrp/ProgramServicesAmt0162984
IRS990/OccupancyGrp/TotalAmt0164796
IRS990/OfficeExpensesGrp/FundraisingAmt01093
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt03825
IRS990/OfficeExpensesGrp/ProgramServicesAmt050483
IRS990/OfficeExpensesGrp/TotalAmt055401
IRS990/OfficerMailingAddressInd00
IRS990/OnBehalfOfIssuerInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0139712
IRS990/OtherAssetsTotalGrp/EOYAmt0155472
IRS990/OtherChangesInNetAssetsAmt057362
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt03867
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt012890
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0112141
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0128898
IRS990/OtherExpensesGrp/Desc0REPAIRS AND MAINTENANCE
IRS990/OtherExpensesGrp/Desc1REAL ESTATE TAXES
IRS990/OtherExpensesGrp/Desc2DUES, SUBSCRIPTIONS AND
IRS990/OtherExpensesGrp/Desc3ACTIVITY AND EVENTS
IRS990/OtherExpensesGrp/FundraisingAmt095
IRS990/OtherExpensesGrp/FundraisingAmt174
IRS990/OtherExpensesGrp/FundraisingAmt221
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0323
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1245
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt269
IRS990/OtherExpensesGrp/ProgramServicesAmt094631
IRS990/OtherExpensesGrp/ProgramServicesAmt164825
IRS990/OtherExpensesGrp/ProgramServicesAmt22132
IRS990/OtherExpensesGrp/ProgramServicesAmt3597
IRS990/OtherExpensesGrp/TotalAmt095049
IRS990/OtherExpensesGrp/TotalAmt164825
IRS990/OtherExpensesGrp/TotalAmt22451
IRS990/OtherExpensesGrp/TotalAmt3687
IRS990/OtherLiabilitiesGrp/BOYAmt01377714
IRS990/OtherLiabilitiesGrp/EOYAmt01805129
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0OTHER
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IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt01721671
IRS990/OtherRevenueTotalAmt01721671
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt016908
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt056359
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0490323
IRS990/OtherSalariesAndWagesGrp/TotalAmt0563590
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt03377
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt011258
IRS990/PayrollTaxesGrp/ProgramServicesAmt097940
IRS990/PayrollTaxesGrp/TotalAmt0112575
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0110528
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt028188
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt038133
IRS990/PrincipalOfficerNm0ROCHELLE TARLOWE
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0890847
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt01719280
IRS990/PYInvestmentIncomeAmt08541
IRS990/PYOtherExpensesAmt03026239
IRS990/PYOtherRevenueAmt01433820
IRS990/PYProgramServiceRevenueAmt05600639
IRS990/PYRevenuesLessExpensesAmt0-2260850
IRS990/PYSalariesCompEmpBnftPaidAmt05449178
IRS990/PYTotalExpensesAmt010194697
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt07933847
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0393963
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00

Document Assets

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Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$22,529,112
Liabilities
$15,725,765
Net assets
$6,803,347
Revenue
$3,599,008
Expenses
$3,205,045
Net income
$393,963
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