Civic Intelligence

Northwood School

990 • Fiscal year 2017 • EIN 14-1401103

Jul 01, 2016 to Jun 30, 2017 • Filed on Nov 02, 2017

PO Box 1070Lake Placid, NY 12946

(518) 523-3357

Siviq Scores

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

Liabilities / Assets

51st percentile

0.22x

Higher debt load relative to assets than 51% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Liabilities / Revenue

70th percentile

0.57x

Higher debt load relative to revenue than 70% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Net Margin

57th percentile

5.0%

Higher net margin than 57% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Top Officer Pay

72nd percentile

$255,252

Higher top officer pay than 72% of similar nonprofits.

Top officer pay equals 2.8% of source-year revenue.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Asset Growth

59th percentile

7.1%

Faster asset growth than 59% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2016 to 2017

Revenue Growth

54th percentile

6.0%

Faster revenue growth than 54% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2016 to 2017

Assets

Up

$23,303,829

Up $1,552,979 (+7.1%) from 2016

Net Assets

Up

$18,085,738

Up $463,078 (+2.6%) from 2016

Liabilities

Up

$5,218,091

Up $1,089,901 (+26%) from 2016

Revenue

Up

$9,211,946

Up $520,789 (+6.0%) from 2016

Expenses

Up

$8,748,868

Up $302,887 (+3.6%) from 2016

Net Income

Up

$463,078

Up $217,902 (+89%) from 2016

Historical Trend

Balance Sheet Trend

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

$40M$30M$20M$10M$0Assets 2012: $16,318,080Liabilities 2012: $1,181,496Net Assets 2012: $15,136,5842012Assets 2013: $17,580,092Liabilities 2013: $1,484,032Net Assets 2013: $16,096,0602013Assets 2014: $21,436,126Liabilities 2014: $3,727,365Net Assets 2014: $17,708,7612014Assets 2015: $20,353,999Liabilities 2015: $2,976,515Net Assets 2015: $17,377,4842015Assets 2016: $21,750,850Liabilities 2016: $4,128,190Net Assets 2016: $17,622,6602016Assets 2017: $23,303,829Liabilities 2017: $5,218,091Net Assets 2017: $18,085,7382017Assets 2018: $23,072,341Liabilities 2018: $5,014,259Net Assets 2018: $18,058,0822018Assets 2019: $22,985,735Liabilities 2019: $4,646,784Net Assets 2019: $18,338,9512019Assets 2021: $28,703,807Liabilities 2021: $9,671,419Net Assets 2021: $19,032,3882021Assets 2022: $28,186,954Liabilities 2022: $8,554,138Net Assets 2022: $19,632,8162022Assets 2023: $29,194,445Liabilities 2023: $9,232,731Net Assets 2023: $19,961,7142023Assets 2024: $28,162,813Liabilities 2024: $7,920,285Net Assets 2024: $20,242,5282024Assets 2025: $30,252,864Liabilities 2025: $9,649,994Net Assets 2025: $20,602,8702025

Highlighted filing

2017

Assets$23,303,829
Liabilities$5,218,091
Net Assets$18,085,738

Operations Trend

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

$15M$10M$5.0M$0-$5.0MRevenue 2012: $6,701,243Expenses 2012: $6,538,776Net Income 2012: $162,4672012Revenue 2013: $7,542,005Expenses 2013: $6,582,529Net Income 2013: $959,4762013Revenue 2014: $8,916,490Expenses 2014: $7,365,094Net Income 2014: $1,551,3962014Revenue 2015: $7,837,767Expenses 2015: $8,169,044Net Income 2015: -$331,2772015Revenue 2016: $8,691,157Expenses 2016: $8,445,981Net Income 2016: $245,1762016Revenue 2017: $9,211,946Expenses 2017: $8,748,868Net Income 2017: $463,0782017Revenue 2018: $8,653,527Expenses 2018: $8,838,526Net Income 2018: -$184,9992018Revenue 2019: $9,333,314Expenses 2019: $9,171,906Net Income 2019: $161,4082019Revenue 2021: $7,899,486Expenses 2021: $8,565,273Net Income 2021: -$665,7872021Revenue 2022: $12,555,867Expenses 2022: $10,746,509Net Income 2022: $1,809,3582022Revenue 2023: $10,643,340Expenses 2023: $10,706,928Net Income 2023: -$63,5882023Revenue 2024: $9,648,094Expenses 2024: $9,962,488Net Income 2024: -$314,3942024Revenue 2025: $10,014,878Expenses 2025: $9,940,117Net Income 2025: $74,7612025

Highlighted filing

2017

Revenue$9,211,946
Expenses$8,748,868
Net Income$463,078
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Nov 2, 2017
Return Version
2016v3.0
Gross Receipts
$9,565,275
Mission and Program Overview

Mission

The organization is primarily a boarding secondary preparatory school with some day students which emphasizes academics but has a rigorous athletic program.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$13,002,587$12,984,937▼ $17,650
Investments in Publicly Traded Securities$7,083,050$7,539,216▲ $456,166
Cash and Non-Interest-Bearing Accounts$1,409,737$2,513,192▲ $1,103,455
Loans From Officers Directors$250,000$250,000→ $0
Accounts Receivable$85,486$129,867▲ $44,381
Prepaid Expenses and Deferred Charges$132,340$94,993▼ $37,347
Inventories for Sale or Use$37,650$41,619▲ $3,969
Savings and Temporary Cash Investments-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Intangible Assets-$0-
Total Assets$21,750,850$23,303,829▲ $1,552,979
Other Assets Total-$5-
Liabilities
Unsecured Notes Loans Payable$1,473,434$2,073,434▲ $600,000
Deferred Revenue$776,245$1,405,400▲ $629,155
Mortgage Notes Payable Secured by Investment Property$1,410,465$1,331,428▼ $79,037
Accounts Payable and Accrued Expenses$218,046$157,829▼ $60,217
Total Liabilities$4,128,190$5,218,091▲ $1,089,901
Net Assets / Fund Balance
Unrestricted Net Assets$15,341,468$15,280,446▼ $61,022
Permanently Rstr Net Assets$2,002,562$2,130,441▲ $127,879
Temporarily Rstr Net Assets$278,630$674,851▲ $396,221
Total Net Assets Fund Balance$17,622,660$18,085,738▲ $463,078
Total Liabilities and Net Assets / Fund Balance$21,750,850$23,303,829▲ $1,552,979

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$11,627,551$8,810,854-
Other Land Buildings$661,914$1,683,172-
Land$603,722--
Equipment-$756,383-
Leasehold Improvements$91,750$137,967-
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Michael MaherCEOFT$255,252$255,252
Alexander NieferDirector of AdvancFT$149,205$149,205
Thomas BroderickAsst HeadmasterFT$116,230$116,230

Board Members and Trustees

Highest Paid Contractors

ContractorServicesLocationCompensation
Sodexho Food ServicesFood serviceNorthwood School, Lake Placid, NY 12946$521,168
OMR ArchitectsArchitects543 Massachusetts Avenue, Acton, MA 01720$204,972
ONeil ContractingConstructionWest Main Street, Bloomingdale, NY 12912$114,965
Revenue and Support

Revenue Composition

Contributions and Grants
$1,637,439
Program Service Revenue
$6,363,178
Investment Income
$864,416
Other Revenue
$346,913
All Other Contributions
$1,637,439
Change in Net Assets
$463,078

Audited Revenue Reconciliation

Revenue per Audited Statements
$9,211,946
Total Revenue per Audited Statements
$9,211,946
Total Revenue per Form 990
$9,211,946
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$4,523,868
Salaries, Compensation, and Employee Benefits$4,225,000
Total Fundraising Expense$605,856
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,799,390$294,976$391,953$3,486,319
All Other Expenses$977,991$124,514$22,583$1,125,088
Depreciation Depletion$585,576$68,897$34,498$688,971
Other Expenses$307,399$60,326$30,118$307,399
Payroll Taxes$202,655$31,227$26,964$260,846
Current Officers, Directors, Trustees, and Key Employees-$255,252-$255,252
Insurance$193,739$22,708$11,354$227,801
Pension Plan Contributions$156,030$44,429$22,124$222,583
Occupancy$177,113$22,139$22,139$221,391
Travel-$48,118$29,893$78,011
Office Expenses$41,380$6,756$2,727$50,863
Fees for Services Other-$44,662-$44,662
Fees for Service Investment Mgmnt Fees-$44,307-$44,307
Interest$37,818--$37,818
Advertising$11,109-$11,503$22,612
Total Functional Expenses$7,074,701$1,068,311$605,856$8,748,868

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$8,748,868
Total Expenses per Audited Statements$8,748,868
Total Expenses per Form 990$8,748,868
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$250,000$250,000→ $0
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 11B: Form 990 Review Process

The Form 990 was scanned and attached to an email to all Board members before filing.

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

The conflict of interest statement is completed annually by each Board member.

Form 990, Part VI, Line 15A: Compensation Review & Approval Process - CEO, Top Management

A compensation committee of the Board evaluates the performance of the Headmaster and makes a compensation recommendation to the full Board for approval.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

All Board members are given a copy of the audited financial statements. Governing documents and policies are disclosed upon request.

Filing and Contact Details

Filer

Filer Name
Northwood School
EIN
14-1401103
Phone
5185233357
Address
PO Box 1070, Lake Placid, NY 12946

Signing Officer

Name
Teresa
Title
Brady
Signed
2017-11-02
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Teresa Brady
Formed
1933
Legal Domicile
Ny
Voting Board Members
24
Independent Board Members
24
Employees
80

Preparer

Firm
Barbara S Dwyer CPA
Address
5694 Cascade Rd, Lake Placid, NY 12946
Preparer
Barbara S Dwyer CPA
Phone
5185239892
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 24E: Other Expenses

Administrative expenses: Column (A) - Total = $43651; Column (B) - Program Services = $0; Column (C) - Management & General = $43651; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E: Other Expenses

ADMISSION RECRUITING: Column (A) - Total = $169865; Column (B) - Program Services = $169865; Column (C) - Management & General = $0; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E: Other Expenses

Advancement expense: Column (A) - Total = $96402; Column (B) - Program Services = $96402; Column (C) - Management & General = $0; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E: Other Expenses

Bad debt expense: Column (A) - Total = $13200; Column (B) - Program Services = $0; Column (C) - Management & General = $13200; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E: Other Expenses

Board of Trustee expense: Column (A) - Total = $28323; Column (B) - Program Services = $0; Column (C) - Management & General = $28323; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E: Other Expenses

Bookstore expense: Column (A) - Total = $27655; Column (B) - Program Services = $27655; Column (C) - Management & General = $0; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E: Other Expenses

INSTRUCTIONAL EXPENSES: Column (A) - Total = $264783; Column (B) - Program Services = $264783; Column (C) - Management & General = $0; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E: Other Expenses

Memberships and publications: Column (A) - Total = $13086; Column (B) - Program Services = $13086; Column (C) - Management & General = $0; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E: Other Expenses

Postage and Shipping: Column (A) - Total = $12109; Column (B) - Program Services = $0; Column (C) - Management & General = $9144; Column (D) - Fundraising = $2965

Form 990, Part IX, Line 24E: Other Expenses

Printing and Publications: Column (A) - Total = $21755; Column (B) - Program Services = $2137; Column (C) - Management & General = $0; Column (D) - Fundraising = $19618

Form 990, Part IX, Line 24E: Other Expenses

Professional development: Column (A) - Total = $31174; Column (B) - Program Services = $31174; Column (C) - Management & General = $0; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E: Other Expenses

Student Activities: Column (A) - Total = $91367; Column (B) - Program Services = $91367; Column (C) - Management & General = $0; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E: Other Expenses

Telephone: Column (A) - Total = $30196; Column (B) - Program Services = $0; Column (C) - Management & General = $30196; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E: Other Expenses

Transportation expense: Column (A) - Total = $281522; Column (B) - Program Services = $281522; Column (C) - Management & General = $0; Column (D) - Fundraising = $0

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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