Liabilities / Assets
73rd percentile
Higher debt load relative to assets than 73% of similar nonprofits.
Siviq Scores
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
0.36x
Liabilities / Revenue
65th percentile
Higher debt load relative to revenue than 65% of similar nonprofits.
Net Margin
11th percentile
Higher net margin than 11% of similar nonprofits.
Top Officer Pay
80th percentile
Higher top officer pay than 80% of similar nonprofits.
Top officer pay equals 4.2% of source-year revenue.
Asset Growth
2nd percentile
Faster asset growth than 2% of similar nonprofits.
Revenue Growth
50th percentile
Faster revenue growth than 50% of similar nonprofits.
Balance Sheet
Assets
Down$4,284,615
Down $1,432,937 (-25%) from 2020
Net Assets
Down$2,721,469
Down $719,523 (-21%) from 2020
Liabilities
Down$1,563,146
Down $713,414 (-31%) from 2020
Revenue And Expenses
Revenue
Up$5,105,017
Up $538,891 (+12%) from 2020
Expenses
Up$5,824,540
Up $488,233 (+9.1%) from 2020
Net Income
Up-$719,523
Up $50,658 (+6.6%) from 2020
Historical Trend
Jump To
Filing Snapshot
- Filing Period
- Jul 1, 2020 to Jun 30, 2021
- Signed
- May 5, 2022
- Return Version
- 2020v4.2
- Gross Receipts
- $5,120,907
Mission and Program Overview
Mission
Purnell school's mission is to educate young women in grades nine through twelve within a creative, reflective, and supportive classroom and boarding community. Students discover their unique strengths in preparation for college and the world. Purnell students learn to be ethical, independent, and self-confident working with faculty who act as mentors, teach to all kinds of learning styles and model the school's founding guidelines: consideration of others, truthfulness in all relations, and use of common sense.
To provide secondary education for young women from grades nine through twelve.
Balance Sheet Detail
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Land, Buildings, and Equipment, Net | $4,489,614 | $4,126,015 | ▼ $363,599 |
| Loans From Officers Directors | $506,775 | $592,500 | ▲ $85,725 |
| Accounts Receivable | $117,499 | $133,364 | ▲ $15,865 |
| Pledges and Grants Receivable | $77,300 | $0 | ▼ $77,300 |
| Cash and Non-Interest-Bearing Accounts | $1,017,249 | $25,236 | ▼ $992,013 |
| Investments in Publicly Traded Securities | $15,890 | $0 | ▼ $15,890 |
| Total Assets | $5,717,552 | $4,284,615 | ▼ $1,432,937 |
| Liabilities | |||
| Deferred Revenue | $870,775 | $0 | ▼ $870,775 |
| Other Liabilities | $791,180 | $667,520 | ▼ $123,660 |
| Accounts Payable and Accrued Expenses | $107,830 | $303,126 | ▲ $195,296 |
| Total Liabilities | $2,276,560 | $1,563,146 | ▼ $713,414 |
| Net Assets / Fund Balance | |||
| Net Assets Without Donor Restrictions | $3,440,992 | $2,721,469 | ▼ $719,523 |
| Total Net Assets Fund Balance | $3,440,992 | $2,721,469 | ▼ $719,523 |
| Total Liabilities and Net Assets / Fund Balance | $5,717,552 | $4,284,615 | ▼ $1,432,937 |
Asset Categories
| Asset | Book Value | Depreciation | Basis |
|---|---|---|---|
| Buildings | $1,319,879 | $6,060,951 | $7,380,830 |
| Leasehold Improvements | $2,633,153 | $3,911,064 | $6,544,217 |
| Other Land Buildings | $105,323 | $1,875,944 | $1,981,267 |
| Land | $67,660 | - | $67,660 |
Endowment Activity
| Period | Beginning | Contrib. | Gain/Loss | Other Uses | End |
|---|---|---|---|---|---|
| 2020 | $15,890 | - | ▲ $145 | $16,014 | - |
| 2019 | $15,284 | - | ▲ $629 | - | $15,890 |
| 2018 | $14,651 | - | ▲ $655 | - | $15,284 |
| 2017 | $1,812,443 | - | ▲ $3,098 | $1,800,000 | $14,651 |
| 2016 | $4,555,368 | $1,773 | ▲ $62,130 | $2,801,772 | $1,812,443 |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| Anne Glass | Associate Head of School | FT | $199,172 | $15,912 | $215,084 |
| Joesph Mcpeak | CFO | FT | $105,619 | $23,632 | $129,251 |
Board Members and Trustees
| Name | Title |
|---|---|
| Jeremy Jeffery | Chairman |
| Alan Warren | Trustee |
| Dr Asposia Nikolaou | Trustee |
| Elizabeth Budd Bugliari | Trustee |
| Genevieve Madigan | Trustee |
| Jeannie Mullett Forster | Trustee |
| Kevin Mclaughlin | Trustee |
| Lisa Loeb | Trustee |
| Lucky Nagarajan | Trustee |
| Martha Bellis Gregg | Trustee |
| Martha Gallo | Trustee |
| Sarah Houghton | Trustee |
| Tracey Mccoy Elliott | Trustee |
Revenue and Support
Revenue Composition
- Contributions and Grants
- $1,881,607
- Program Service Revenue
- $3,222,618
- Investment Income
- $792
- Other Revenue
- $0
- All Other Contributions
- $1,376,207
- Change in Net Assets
- $-719,523
Audited Revenue Reconciliation
- Revenue per Audited Statements
- $5,105,017
- Revenue Not Reported on Financial Statements
- $0
- Revenue Not Reported on Form 990
- $0
- Total Revenue per Audited Statements
- $5,105,017
- Total Revenue per Form 990
- $5,105,017
Expenses and Functional Allocation
Major Expense Lines
| Line Item | Amount |
|---|---|
| Salaries, Compensation, and Employee Benefits | $2,733,970 |
| Other Expenses | $2,286,840 |
| Grants and Similar Amounts Paid | $803,730 |
| Total Fundraising Expense | $214,455 |
| Professional Fundraising Fees | $0 |
Functional Expense Allocation
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Other Salaries and Wages | $1,334,933 | $500,178 | $88,995 | $1,924,106 |
| Grants to Domestic Individuals | $803,730 | - | - | $803,730 |
| Fees for Services Other | $403,841 | $242,304 | $26,923 | $673,068 |
| Depreciation Depletion | $346,520 | $69,304 | $17,326 | $433,150 |
| Current Officers, Directors, Trustees, and Key Employees | - | $340,326 | - | $340,326 |
| Occupancy | $222,540 | $65,453 | $12,000 | $299,993 |
| Other Employee Benefits | $188,886 | $77,796 | $12,593 | $279,275 |
| Insurance | $142,130 | $28,426 | $7,106 | $177,662 |
| Payroll Taxes | $92,778 | $55,668 | $6,185 | $154,631 |
| Office Expenses | $74,342 | $35,341 | $4,570 | $114,253 |
| Pension Plan Contributions | $23,785 | $10,262 | $1,585 | $35,632 |
| Advertising | $17,645 | - | $17,645 | $35,290 |
| Conferences and Meetings | $15,236 | - | - | $15,236 |
| Travel | $8,126 | $4,876 | $542 | $13,544 |
| Other Expenses | $11,743 | $102,823 | $18,985 | $11,743 |
| Total Functional Expenses | $4,077,328 | $1,532,757 | $214,455 | $5,824,540 |
Audited Expense Reconciliation
| Line Item | Amount |
|---|---|
| Expenses per Audited Statements | $5,824,540 |
| Total Expenses per Audited Statements | $5,824,540 |
| Total Expenses per Form 990 | $5,824,540 |
| Expenses Not Reported on Financial Statements | $0 |
| Expenses Not Reported on Form 990 | $0 |
Fundraising, Events, and Gaming
- Fundraising activities
- No
- Gaming activities
- No
- Professional fundraiser used
- No
Fundraising and Gaming Totals
| Line Item | Amount |
|---|---|
| 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 Item | Beginning | End | Change |
|---|---|---|---|
| Loans from Officers, Directors, Trustees, and Key Employees | $506,775 | $592,500 | ▲ $85,725 |
Debt and Bond Financing
Other Reported Liabilities
| Liability | Amount |
|---|---|
| Refundable Advance | $473,247 |
| Other Accrued Expenses | $194,273 |
Governance and Compliance
Governance Checklist
- Compiled or reviewed by an accountant
- No
- Annual disclosure for covered persons
- Yes
- Audit committee
- Yes
- Backup withholding compliance
- Yes
- Business relationship with 35% controlled entity
- No
- Business relationship with family members
- No
- Business relationship with organization members
- No
- Material changes to governing documents
- No
- Compensation from other sources disclosed
- No
- CEO compensation reviewed
- Yes
- Other officer compensation reviewed
- Yes
- Conflict-of-interest policy
- Yes
- Audited financial statements prepared
- No
- Key decisions subject to board approval
- No
- Management duties delegated
- No
Governance Explanations
Form 990, Part VI, Section B, Line 11B
“Purnell school has its form 990 prepared by an outside accounting firm and has established the following review process to ensure that the information reported is complete and accurate. When the form 990 has been prepared, reviewed by management and is ready to be filed with the internal revenue service, it is provided to the members of the organizations governing body for any comments prior to its submission. The governing body is provided with a reasonable amount of time to review the form 990. Any comments are then grouped, summarized and provided through management to the outside accounting firm. Any applicable issues are addressed prior to the return being finalized and approved for filing.”
Form 990, Part VI, Section B, Line 12C
“Purnell school currently has in place a conflict of interest policy which it regularly monitors and enforces. The board mandates that all members of management and the governing body sign a conflict of interest policy annually and disclose any potential or actual conflicts that may exist. If a potential or actual conflict of interest exists, governing body and management will investigate the issue. If a conflict of interest is determined to exist management and the governing body will be notified immediately. The member will not be allowed to vote or be a part of any decisions about any such transactions that have to do with the conflict until such time that there is no longer a conflict.”
Form 990, Part VI, Section B, Line 15
“The compensation of the organizations officers or key employees is reviewed and approved by the board of trustees, an independent body.”
Form 990, Part VI, Section C, Line 19
“Purnell school makes its form 990 available for public inspection as required under section 6104 of the internal revenue code upon written request at the organizations office at 51 pottersville road, pottersville, nj 07979. In addition form 1023 as well as the financial statements, and conflict of interest policy are available upon written request at the organizations office at 51 pottersville road, pottersville, nj 07979.”
Form 990 Part VII Line 2C
“There was no change from the prior year.”
Filing and Contact Details
Filer
- Filer Name
- Purnell School
- EIN
- 22-1756952
- Phone
- 9084392154
- Address
- 51 POTTERSVILLE RD PO BOX 500, POTTERSVILLE, NJ 07979
Signing Officer
- Name
- Joseph Mcpeak
- Title
- Chief Financial Officer
- Phone
- 9084392154
- Signed
- 2022-05-05
- Discuss with paid preparer
- Yes
Organization Details
- Principal Officer
- Joseph Mcpeak
- Formed
- 1963
- Legal Domicile
- Nj
- Voting Board Members
- 13
- Independent Board Members
- 13
- Employees
- 56
- Volunteers
- 13
Preparer
- Firm
- Nisivoccia Llp
- Address
- 200 VALLEY RD SUITE 300, MT ARLINGTON, NJ 07856
- Preparer
- Chris Perrotta CPA
- Phone
- 9733281825
Supplemental Narrative
Additional Explanations
Form 990, Part IX, Line 11G
“Professional services: program service expenses 403,841. Management and general expenses 242,304. Fundraising expenses 26,923. Total expenses 673,068.”
Financial Statement Notes
PART V, LINE 4:
“The school's endowment fund was created by its board of trustees to help secure its future by establishing a base of financial security and providing a flow of investment income to compliment annual fundraising. The fund includes both donor restricted funds and funds designated by the board of trustees to function as endowments. Funds designated by the board of trustees are treated as unrestricted net assets.”
PART X, LINE 2:
“The school is a not-for-profit corporation as described in section 501(c)(3) of the internal revenue code (the "code") and, therefore, is exempt from federal income taxes on income that is related to its tax-exempt purposes pursuant to section 501(a) of the code. The school is also exempt under title 15 of the state of new jersey corporations and associations not for profit act. Accordingly, no provision for federal or state income taxes has been presented in the accompanying financial statements. The school follows the provisions of fasb asc, income taxes. The standard prescribes a minimum recognition threshold and measurement methodology that a tax position taken or expected to be taken in a tax return is required to meet before being recognized in the financial statements. It also provides guidance for derecognition, classification, interest and penalties, accounting in interim periods, disclosure, and transition as they relate to those tax positions. The school does not expect a significant increase or decrease to the total amounts of unrecognized tax positions during the fiscal period ended june 30, 2021. However, the school is subject to regular audit by tax authorities, including a review of its nonprofit status, which the school believes would be upheld upon examination. The school believes that it has appropriate support for the positions taken on its tax returns. Nonetheless, the amounts ultimately paid, if any, upon resolution of the issues raised by the taxing authorities may differ materially from the amounts accrued for each period. The school files income tax returns in the united states federal jurisdiction. These returns are subject to examination by these authorities within certain statutory periods from the latest filing date.”
Raw XML AppendixShowing 400 of 653 raw XML fields
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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| IRS990/AccountsReceivableGrp/EOYAmt | 0 | 133364 |
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| IRS990/ActivityOrMissionDesc | 0 | TO PROVIDE SECONDARY EDUCATION FOR YOUNG WOMEN FROM GRADES NINE THROUGH TWELVE. |
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| IRS990/AdvertisingGrp/ProgramServicesAmt | 0 | 17645 |
| IRS990/AdvertisingGrp/TotalAmt | 0 | 35290 |
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| IRS990/BooksInCareOfDetail/PhoneNum | 0 | 9084394014 |
| IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 51 POTTERSVILLE ROAD |
| IRS990/BooksInCareOfDetail/USAddress/CityNm | 0 | POTTERSVILLE |
| IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | NJ |
| IRS990/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 07979 |
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| IRS990/CYTotalExpensesAmt | 0 | 5824540 |
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| IRS990/Desc | 0 | THE SCHOOL PROVIDES RESIDENTIAL SECONDARY EDUCATION TO APPROXIMATELY 58 YOUNG WOMEN IN GRADES 9 THROUGH 12. THE SCHOOL ALSO PROVIDES EXTRA-CURRICULAR ACTIVITIES, CULTURAL PROGRAMS, AND OTHER ANCILLARY SERVICES. |
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| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 6 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 7 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 8 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 9 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 10 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 11 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 12 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 13 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 14 | 0 |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 0 | TRUSTEE |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 1 | TRUSTEE |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 2 | TRUSTEE |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 3 | CHAIRMAN |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 4 | TRUSTEE |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 5 | TRUSTEE |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 6 | TRUSTEE |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 7 | TRUSTEE |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 8 | TRUSTEE |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 9 | TRUSTEE |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 10 | TRUSTEE |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 11 | TRUSTEE |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 12 | TRUSTEE |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 13 | ASSOCIATE HEAD OF SCHOOL |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 14 | CFO |
| IRS990/Form990ProvidedToGvrnBodyInd | 0 | 1 |
| IRS990/FormationYr | 0 | 1963 |
| IRS990/FormerOfcrEmployeesListedInd | 0 | 0 |
| IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd | 0 | X |
| IRS990/FSAuditedInd | 0 | 1 |
| IRS990/FundraisingActivitiesInd | 0 | 0 |
| IRS990/GainOrLossGrp/SecuritiesAmt | 0 | 124 |
| IRS990/GamingActivitiesInd | 0 | 0 |
| IRS990/GoverningBodyVotingMembersCnt | 0 | 13 |
| IRS990/GovernmentGrantsAmt | 0 | 505400 |
| IRS990/GrantAmt | 0 | 803730 |
| IRS990/GrantsToDomesticIndividualsGrp/ProgramServicesAmt | 0 | 803730 |
| IRS990/GrantsToDomesticIndividualsGrp/TotalAmt | 0 | 803730 |
| IRS990/GrantsToIndividualsInd | 0 | 1 |
| IRS990/GrantsToOrganizationsInd | 0 | 0 |
| IRS990/GrantToRelatedPersonInd | 0 | 0 |
| IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt | 0 | 16014 |
| IRS990/GrossReceiptsAmt | 0 | 5120907 |
| IRS990/GroupReturnForAffiliatesInd | 0 | 0 |
| IRS990/IncludeFIN48FootnoteInd | 0 | 1 |
| IRS990/IndependentAuditFinclStmtInd | 0 | 1 |
| IRS990/IndependentVotingMemberCnt | 0 | 13 |
| IRS990/IndivRcvdGreaterThan100KCnt | 0 | 2 |
| IRS990/IndoorTanningServicesInd | 0 | 0 |
| IRS990/InfoInScheduleOPartIIIInd | 0 | X |
| IRS990/InfoInScheduleOPartIXInd | 0 | X |
| IRS990/InfoInScheduleOPartVIInd | 0 | X |
| IRS990/InfoInScheduleOPartXIIInd | 0 | X |
| IRS990/InsuranceGrp/FundraisingAmt | 0 | 7106 |
| IRS990/InsuranceGrp/ManagementAndGeneralAmt | 0 | 28426 |
| IRS990/InsuranceGrp/ProgramServicesAmt | 0 | 142130 |
| IRS990/InsuranceGrp/TotalAmt | 0 | 177662 |
| IRS990/InvestmentIncomeGrp/ExclusionAmt | 0 | 668 |
| IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt | 0 | 668 |
| IRS990/InvestmentInJointVentureInd | 0 | 0 |
| IRS990/InvestmentsPubTradedSecGrp/BOYAmt | 0 | 15890 |
| IRS990/InvestmentsPubTradedSecGrp/EOYAmt | 0 | 0 |
| IRS990/IRPDocumentCnt | 0 | 14 |
| IRS990/IRPDocumentW2GCnt | 0 | 0 |
| IRS990/LandBldgEquipAccumDeprecAmt | 0 | 11847959 |
| IRS990/LandBldgEquipBasisNetGrp/BOYAmt | 0 | 4489614 |
| IRS990/LandBldgEquipBasisNetGrp/EOYAmt | 0 | 4126015 |
| IRS990/LandBldgEquipCostOrOtherBssAmt | 0 | 15973974 |
| IRS990/LegalDomicileStateCd | 0 | NJ |
| IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt | 0 | 15890 |
| IRS990/LoanOutstandingInd | 0 | 1 |
| IRS990/LoansFromOfficersDirectorsGrp/BOYAmt | 0 | 506775 |
| IRS990/LoansFromOfficersDirectorsGrp/EOYAmt | 0 | 592500 |
| IRS990/LobbyingActivitiesInd | 0 | 0 |
| IRS990/LocalChaptersInd | 0 | 0 |
| IRS990/MaterialDiversionOrMisuseInd | 0 | 0 |
| IRS990/MembersOrStockholdersInd | 0 | 0 |
| IRS990/MethodOfAccountingAccrualInd | 0 | X |
| IRS990/MinutesOfCommitteesInd | 0 | 1 |
| IRS990/MinutesOfGoverningBodyInd | 0 | 1 |
| IRS990/MissionDesc | 0 | PURNELL SCHOOL'S MISSION IS TO EDUCATE YOUNG WOMEN IN GRADES NINE THROUGH TWELVE WITHIN A CREATIVE, REFLECTIVE, AND SUPPORTIVE CLASSROOM AND BOARDING COMMUNITY. STUDENTS DISCOVER THEIR UNIQUE STRENGTHS IN PREPARATION FOR COLLEGE AND THE WORLD. PURNELL STUDENTS LEARN TO BE ETHICAL, INDEPENDENT, AND SELF-CONFIDENT WORKING WITH FACULTY WHO ACT AS MENTORS, TEACH TO ALL KINDS OF LEARNING STYLES AND MODEL THE SCHOOL'S FOUNDING GUIDELINES: CONSIDERATION OF OTHERS, TRUTHFULNESS IN ALL RELATIONS, AND USE OF COMMON SENSE. |
| IRS990/MoreThan5000KToIndividualsInd | 0 | 0 |
| IRS990/MoreThan5000KToOrgInd | 0 | 0 |
| IRS990/NetAssetsOrFundBalancesBOYAmt | 0 | 3440992 |
| IRS990/NetAssetsOrFundBalancesEOYAmt | 0 | 2721469 |
| IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt | 0 | 124 |
| IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt | 0 | 124 |
| IRS990/NetUnrelatedBusTxblIncmAmt | 0 | 0 |
| IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt | 0 | 3440992 |
| IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt | 0 | 2721469 |
| IRS990/NondeductibleContributionsInd | 0 | 0 |
| IRS990/OccupancyGrp/FundraisingAmt | 0 | 12000 |
| IRS990/OccupancyGrp/ManagementAndGeneralAmt | 0 | 65453 |
| IRS990/OccupancyGrp/ProgramServicesAmt | 0 | 222540 |
| IRS990/OccupancyGrp/TotalAmt | 0 | 299993 |
| IRS990/OfficeExpensesGrp/FundraisingAmt | 0 | 4570 |
| IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt | 0 | 35341 |
| IRS990/OfficeExpensesGrp/ProgramServicesAmt | 0 | 74342 |
| IRS990/OfficeExpensesGrp/TotalAmt | 0 | 114253 |
| IRS990/OfficerMailingAddressInd | 0 | 0 |
| IRS990/OperateHospitalInd | 0 | 0 |
| IRS990/Organization501c3Ind | 0 | X |
| IRS990/OrganizationFollowsFASB117Ind | 0 | X |
| IRS990/OtherChangesInNetAssetsAmt | 0 | 0 |
| IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt | 0 | 12593 |
| IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt | 0 | 77796 |
| IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt | 0 | 188886 |
| IRS990/OtherEmployeeBenefitsGrp/TotalAmt | 0 | 279275 |
| IRS990/OtherExpensesGrp/Desc | 0 | PROGRAM SERVICE EXPENSE |
| IRS990/OtherExpensesGrp/Desc | 1 | BAD DEBT |
| IRS990/OtherExpensesGrp/FundraisingAmt | 0 | 18985 |
| IRS990/OtherExpensesGrp/ManagementAndGeneralAmt | 0 | 102823 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 0 | 391093 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 1 | 11743 |
| IRS990/OtherExpensesGrp/TotalAmt | 0 | 512901 |
| IRS990/OtherExpensesGrp/TotalAmt | 1 | 11743 |
| IRS990/OtherLiabilitiesGrp/BOYAmt | 0 | 791180 |
| IRS990/OtherLiabilitiesGrp/EOYAmt | 0 | 667520 |
| IRS990/OtherSalariesAndWagesGrp/FundraisingAmt | 0 | 88995 |
| IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt | 0 | 500178 |
| IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt | 0 | 1334933 |
| IRS990/OtherSalariesAndWagesGrp/TotalAmt | 0 | 1924106 |
| IRS990/PartialLiquidationInd | 0 | 0 |
| IRS990/PayPremiumsPrsnlBnftCntrctInd | 0 | 0 |
| IRS990/PayrollTaxesGrp/FundraisingAmt | 0 | 6185 |
| IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt | 0 | 55668 |
| IRS990/PayrollTaxesGrp/ProgramServicesAmt | 0 | 92778 |
| IRS990/PayrollTaxesGrp/TotalAmt | 0 | 154631 |
| IRS990/PensionPlanContributionsGrp/FundraisingAmt | 0 | 1585 |
| IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt | 0 | 10262 |
| IRS990/PensionPlanContributionsGrp/ProgramServicesAmt | 0 | 23785 |
| IRS990/PensionPlanContributionsGrp/TotalAmt | 0 | 35632 |
| IRS990/PledgesAndGrantsReceivableGrp/BOYAmt | 0 | 77300 |
| IRS990/PledgesAndGrantsReceivableGrp/EOYAmt | 0 | 0 |
| IRS990/PoliticalCampaignActyInd | 0 | 0 |
| IRS990/PrincipalOfficerNm | 0 | JOSEPH MCPEAK |
| IRS990/ProfessionalFundraisingInd | 0 | 0 |
| IRS990/ProgramServiceRevenueGrp/BusinessCd | 0 | 611710 |
| IRS990/ProgramServiceRevenueGrp/BusinessCd | 1 | 611710 |
| IRS990/ProgramServiceRevenueGrp/BusinessCd | 2 | 611710 |
| IRS990/ProgramServiceRevenueGrp/Desc | 0 | TUITION AND FEES |
| IRS990/ProgramServiceRevenueGrp/Desc | 1 | OTHER FEES(LAB, TECH) |
| IRS990/ProgramServiceRevenueGrp/Desc | 2 | STUDENT ACTIVITIES & A |
| IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt | 0 | 3158115 |
| IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt | 1 | 60620 |
| IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt | 2 | 3883 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 0 | 3158115 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 1 | 60620 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 2 | 3883 |
| IRS990/ProhibitedTaxShelterTransInd | 0 | 0 |
| IRS990/PYBenefitsPaidToMembersAmt | 0 | 0 |
| IRS990/PYContributionsGrantsAmt | 0 | 1033404 |
| IRS990/PYExcessBenefitTransInd | 0 | 0 |
| IRS990/PYGrantsAndSimilarPaidAmt | 0 | 670564 |
| IRS990/PYInvestmentIncomeAmt | 0 | 3733 |
| IRS990/PYOtherExpensesAmt | 0 | 1951091 |
| IRS990/PYOtherRevenueAmt | 0 | 0 |
| IRS990/PYProgramServiceRevenueAmt | 0 | 3528989 |
| IRS990/PYRevenuesLessExpensesAmt | 0 | -770181 |
| IRS990/PYSalariesCompEmpBnftPaidAmt | 0 | 2714652 |
| IRS990/PYTotalExpensesAmt | 0 | 5336307 |
| IRS990/PYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/PYTotalRevenueAmt | 0 | 4566126 |
| IRS990/QuidProQuoContributionsInd | 0 | 0 |
| IRS990/RcvFndsToPayPrsnlBnftCntrctInd | 0 | 0 |
| IRS990/ReconcilationRevenueExpnssAmt | 0 | -719523 |
| IRS990/RegularMonitoringEnfrcInd | 0 | 1 |
| IRS990/RelatedEntityInd | 0 | 0 |
| IRS990/RelatedOrganizationCtrlEntInd | 0 | 0 |
| IRS990/ReportInvestmentsOtherSecInd | 0 | 0 |
| IRS990/ReportLandBuildingEquipmentInd | 0 | 1 |
| IRS990/ReportOtherAssetsInd | 0 | 0 |
| IRS990/ReportOtherLiabilitiesInd | 0 | 1 |
| IRS990/ReportProgramRelatedInvstInd | 0 | 0 |
| IRS990/RevenueAmt | 0 | 3222618 |
| IRS990ScheduleA/SchoolInd | 0 | X |
| IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine1 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorNum | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine1 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine2 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt | 0 | RESTRICTED |
| IRS990/ScheduleBRequiredInd | 0 | 1 |
| IRS990ScheduleD/BoardDesignatedBalanceEOYPct | 0 | 1.00000 |
| IRS990ScheduleD/BuildingsGrp/BookValueAmt | 0 | 1319879 |
| IRS990ScheduleD/BuildingsGrp/DepreciationAmt | 0 | 6060951 |
| IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt | 0 | 7380830 |
| IRS990ScheduleD/CYEndwmtFundGrp/AdministrativeExpensesAmt | 0 | 21 |
| IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt | 0 | 15890 |
| IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt | 0 | 145 |
| IRS990ScheduleD/CYEndwmtFundGrp/OtherExpendituresAmt | 0 | 16014 |
| IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/AdministrativeExpensesAmt | 0 | 23 |
| IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt | 0 | 15284 |
| IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt | 0 | 15890 |
| IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt | 0 | 629 |
| IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/AdministrativeExpensesAmt | 0 | 22 |
| IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt | 0 | 14651 |
| IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt | 0 | 15284 |
| IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt | 0 | 655 |
| IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/AdministrativeExpensesAmt | 0 | 890 |
| IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt | 0 | 1812443 |
| IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt | 0 | 14651 |
| IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt | 0 | 3098 |
| IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/OtherExpendituresAmt | 0 | 1800000 |
| IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/AdministrativeExpensesAmt | 0 | 5056 |
| IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt | 0 | 4555368 |
| IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/ContributionsAmt | 0 | 1773 |
| IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt | 0 | 1812443 |
| IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt | 0 | 62130 |
| IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/OtherExpendituresAmt | 0 | 2801772 |
| IRS990ScheduleD/EndowmentsHeldRelatedOrgInd | 0 | 0 |
| IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd | 0 | 0 |
| IRS990ScheduleD/ExpensesNotReportedAmt | 0 | 0 |
| IRS990ScheduleD/ExpensesNotRptFinclStmtAmt | 0 | 0 |
| IRS990ScheduleD/ExpensesSubtotalAmt | 0 | 5824540 |
| IRS990ScheduleD/FootnoteTextInd | 0 | X |
| IRS990ScheduleD/LandGrp/BookValueAmt | 0 | 67660 |
| IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt | 0 | 67660 |
| IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt | 0 | 2633153 |
| IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt | 0 | 3911064 |
| IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt | 0 | 6544217 |
| IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt | 0 | 105323 |
| IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt | 0 | 1875944 |
| IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt | 0 | 1981267 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt | 0 | 194273 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt | 1 | 473247 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 0 | OTHER ACCRUED EXPENSES |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 1 | REFUNDABLE ADVANCE |
| IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct | 0 | 0.00000 |
| IRS990ScheduleD/RevenueNotReportedAmt | 0 | 0 |
| IRS990ScheduleD/RevenueNotReportedFinclStmtAmt | 0 | 0 |
| IRS990ScheduleD/RevenueSubtotalAmt | 0 | 5105017 |
| IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt | 0 | THE SCHOOL'S ENDOWMENT FUND WAS CREATED BY ITS BOARD OF TRUSTEES TO HELP SECURE ITS FUTURE BY ESTABLISHING A BASE OF FINANCIAL SECURITY AND PROVIDING A FLOW OF INVESTMENT INCOME TO COMPLIMENT ANNUAL FUNDRAISING. THE FUND INCLUDES BOTH DONOR RESTRICTED FUNDS AND FUNDS DESIGNATED BY THE BOARD OF TRUSTEES TO FUNCTION AS ENDOWMENTS. FUNDS DESIGNATED BY THE BOARD OF TRUSTEES ARE TREATED AS UNRESTRICTED NET ASSETS. |
| IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt | 1 | THE SCHOOL IS A NOT-FOR-PROFIT CORPORATION AS DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (THE "CODE") AND, THEREFORE, IS EXEMPT FROM FEDERAL INCOME TAXES ON INCOME THAT IS RELATED TO ITS TAX-EXEMPT PURPOSES PURSUANT TO SECTION 501(A) OF THE CODE. THE SCHOOL IS ALSO EXEMPT UNDER TITLE 15 OF THE STATE OF NEW JERSEY CORPORATIONS AND ASSOCIATIONS NOT FOR PROFIT ACT. ACCORDINGLY, NO PROVISION FOR FEDERAL OR STATE INCOME TAXES HAS BEEN PRESENTED IN THE ACCOMPANYING FINANCIAL STATEMENTS. THE SCHOOL FOLLOWS THE PROVISIONS OF FASB ASC, INCOME TAXES. THE STANDARD PRESCRIBES A MINIMUM RECOGNITION THRESHOLD AND MEASUREMENT METHODOLOGY THAT A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN IS REQUIRED TO MEET BEFORE BEING RECOGNIZED IN THE FINANCIAL STATEMENTS. IT ALSO PROVIDES GUIDANCE FOR DERECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES, ACCOUNTING IN INTERIM PERIODS, DISCLOSURE, AND TRANSITION AS THEY RELATE TO THOSE TAX POSITIONS. THE SCHOOL DOES NOT EXPECT A SIGNIFICANT INCREASE OR DECREASE TO THE TOTAL AMOUNTS OF UNRECOGNIZED TAX POSITIONS DURING THE FISCAL PERIOD ENDED JUNE 30, 2021. HOWEVER, THE SCHOOL IS SUBJECT TO REGULAR AUDIT BY TAX AUTHORITIES, INCLUDING A REVIEW OF ITS NONPROFIT STATUS, WHICH THE SCHOOL BELIEVES WOULD BE UPHELD UPON EXAMINATION. THE SCHOOL BELIEVES THAT IT HAS APPROPRIATE SUPPORT FOR THE POSITIONS TAKEN ON ITS TAX RETURNS. NONETHELESS, THE AMOUNTS ULTIMATELY PAID, IF ANY, UPON RESOLUTION OF THE ISSUES RAISED BY THE TAXING AUTHORITIES MAY DIFFER MATERIALLY FROM THE AMOUNTS ACCRUED FOR EACH PERIOD. THE SCHOOL FILES INCOME TAX RETURNS IN THE UNITED STATES FEDERAL JURISDICTION. THESE RETURNS ARE SUBJECT TO EXAMINATION BY THESE AUTHORITIES WITHIN CERTAIN STATUTORY PERIODS FROM THE LATEST FILING DATE. |
Document Assets
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Filings
Displayed year
2021 • Form 990Detailed filing. Detailed filing data is available for this year.
- Assets
- $4,284,615
- Liabilities
- $1,563,146
- Net assets
- $2,721,469
- Revenue
- $5,105,017
- Expenses
- $5,824,540
- Net income
- -$719,523