Civic Intelligence

Stevens Cooperative School

990 • Fiscal year 2021 • EIN 22-2209099

Jul 01, 2020 to Jun 30, 2021 • Filed on May 15, 2022

301 Garden StreetHoboken, NJ 07030

(201) 792-3688

Siviq Scores

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

Liabilities / Assets

71st percentile

0.42x

Higher debt load relative to assets than 71% of similar nonprofits.

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

Liabilities / Revenue

71st percentile

0.56x

Higher debt load relative to revenue than 71% of similar nonprofits.

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

Net Margin

33rd percentile

4.7%

Higher net margin than 33% of similar nonprofits.

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

Top Officer Pay

88th percentile

$406,944

Higher top officer pay than 88% of similar nonprofits.

Top officer pay equals 2.9% of source-year revenue.

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

Asset Growth

61st percentile

15%

Faster asset growth than 61% of similar nonprofits.

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

Revenue Growth

42nd percentile

7.3%

Faster revenue growth than 42% of similar nonprofits.

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

Assets

Up

$18,973,350

Up $2,444,181 (+15%) from 2020

Net Assets

Up

$11,077,427

Up $1,636,923 (+17%) from 2020

Liabilities

Up

$7,895,923

Up $807,258 (+11%) from 2020

Revenue

Up

$14,070,823

Up $957,181 (+7.3%) from 2020

Expenses

Up

$13,407,238

Up $865,154 (+6.9%) from 2020

Net Income

Up

$663,585

Up $92,027 (+16%) from 2020

Historical Trend

Balance Sheet Trend

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

$30M$20M$10M$0Assets 2010: $5,997,711Liabilities 2010: $3,662,671Net Assets 2010: $2,335,0402010Assets 2011: $6,936,952Liabilities 2011: $4,371,488Net Assets 2011: $2,565,4642011Assets 2012: $8,083,716Liabilities 2012: $5,147,996Net Assets 2012: $2,935,7202012Assets 2013: $9,331,480Liabilities 2013: $5,855,193Net Assets 2013: $3,476,2872013Assets 2014: $10,323,946Liabilities 2014: $5,935,442Net Assets 2014: $4,388,5042014Assets 2015: $11,417,020Liabilities 2015: $6,264,480Net Assets 2015: $5,152,5402015Assets 2016: $12,293,945Liabilities 2016: $6,545,931Net Assets 2016: $5,748,0142016Assets 2017: $13,915,498Liabilities 2017: $7,171,171Net Assets 2017: $6,744,3272017Assets 2018: $14,540,857Liabilities 2018: $6,814,283Net Assets 2018: $7,726,5742018Assets 2019: $15,686,682Liabilities 2019: $6,974,982Net Assets 2019: $8,711,7002019Assets 2020: $16,529,169Liabilities 2020: $7,088,665Net Assets 2020: $9,440,5042020Assets 2021: $18,973,350Liabilities 2021: $7,895,923Net Assets 2021: $11,077,4272021Assets 2022: $18,821,073Liabilities 2022: $6,993,542Net Assets 2022: $11,827,5312022Assets 2023: $27,284,032Liabilities 2023: $15,129,581Net Assets 2023: $12,154,4512023

Highlighted filing

2021

Assets$18,973,350
Liabilities$7,895,923
Net Assets$11,077,427

Operations Trend

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

$20M$15M$10M$5.0M$0-$5.0MExpenses 2010: $5,581,3592010Expenses 2011: $6,336,9472011Revenue 2012: $7,145,550Expenses 2012: $6,833,722Net Income 2012: $311,8282012Expenses 2013: $7,599,2582013Revenue 2014: $9,027,372Expenses 2014: $8,275,578Net Income 2014: $751,7942014Revenue 2015: $9,617,037Expenses 2015: $8,887,456Net Income 2015: $729,5812015Revenue 2016: $10,115,068Expenses 2016: $9,601,037Net Income 2016: $514,0312016Revenue 2017: $10,973,088Expenses 2017: $10,218,733Net Income 2017: $754,3552017Revenue 2018: $11,765,693Expenses 2018: $10,990,091Net Income 2018: $775,6022018Revenue 2019: $12,308,781Expenses 2019: $11,594,874Net Income 2019: $713,9072019Revenue 2020: $13,113,642Expenses 2020: $12,542,084Net Income 2020: $571,5582020Revenue 2021: $14,070,823Expenses 2021: $13,407,238Net Income 2021: $663,5852021Revenue 2022: $15,080,781Expenses 2022: $13,600,356Net Income 2022: $1,480,4252022Revenue 2023: $15,302,877Expenses 2023: $15,468,109Net Income 2023: -$165,2322023

Highlighted filing

2021

Revenue$14,070,823
Expenses$13,407,238
Net Income$663,585
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
May 15, 2022
Return Version
2020v4.1
Gross Receipts
$14,421,160
Mission and Program Overview

Mission

We imagine a world with well-informed, engaged citizens who are motivated to make a difference. In partnership with our diverse faculty, staff, families and the greater community, stevens cooperative school students explore, question and communicate in ways that will inspire and shape the future.

Founded in 1949, stevens is a thriving progressive co-educational day school for two year olds through the 8th grade.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$8,479,509$10,065,622▲ $1,586,113
Investments in Publicly Traded Securities$5,800,172$6,779,701▲ $979,529
Land, Buildings, and Equipment, Net$1,998,358$1,826,175▼ $172,183
Accounts Receivable$75,348$161,262▲ $85,914
Prepaid Expenses and Deferred Charges$60,406$85,612▲ $25,206
Cash and Non-Interest-Bearing Accounts$60,398$0▼ $60,398
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$16,529,169$18,973,350▲ $2,444,181
Other Assets Total$54,978$54,978→ $0
Liabilities
Deferred Revenue$4,442,137$5,310,533▲ $868,396
Mortgage Notes Payable Secured by Investment Property$1,399,900$1,375,600▼ $24,300
Accounts Payable and Accrued Expenses$1,246,628$1,209,790▼ $36,838
Grants Payable$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Other Liabilities$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$7,088,665$7,895,923▲ $807,258
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$9,320,432$10,991,253▲ $1,670,821
Net Assets With Donor Restrictions$120,072$86,174▼ $33,898
Total Net Assets Fund Balance$9,440,504$11,077,427▲ $1,636,923
Total Liabilities and Net Assets / Fund Balance$16,529,169$18,973,350▲ $2,444,181

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$605,230$1,658,702$2,263,932
Buildings$514,387$473,491$987,878
Equipment$124,172$671,098$795,270
Land$545,000-$545,000
Other Land Buildings$37,386$271,687$309,373
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Sergio AlatiHead of SchoolFT$328,863$78,946$406,944
Shehla GhousePrincipal, Newport LocationFT$162,367$10,105$172,472
Nicholas CacciolaCFOPT$165,437$4,795$171,097
Francesca LanningDirector, AdvancementFT$156,269$9,187$165,456
JoshUA MarksPrincipal, Hoboken LocationFT$125,118$13,228$138,346
Nancy RossiDir, Admissions & EnrollmentPT$121,678$8,730$130,408
Margaret CelestinHuman Resources DirectorFT$102,258-$102,258

Board Members and Trustees

NameTitle
Ingrid RasmussenBoard Chair
Raghu ReddyVice Chair
Dave CartyAlumni Parent Trustee
Francesca AcocellaAlumni Trustee
Amanda BoggsTrustee
Cassandra BolzTrustee
Kat Blosteintrustee
Maya HamiltonTrustee
Maykool LopezTrustee
Raakhee MirchandaniTrustee
Sagar MathurTrustee
Tia AdamsTrustee
Will LauTrustee
Jacqueline KhostSecretary
Becky EganTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,937,255
Program Service Revenue
$11,866,685
Investment Income
$192,214
Other Revenue
$74,669
All Other Contributions
$375,151
Change in Net Assets
$663,585

Noncash Contribution Practices

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

Noncash Contributions

Contribution TypeReported AmountValuation Method
Securities Publicly Traded$17,848Fair Market Value
Total Noncash Contributions$17,848-

Audited Revenue Reconciliation

Revenue per Audited Statements
$13,183,286
Revenue Not Reported on Financial Statements
$887,537
Revenue Not Reported on Form 990
$1,053,056
Other Revenue Adjustments
$887,537
Total Revenue per Audited Statements
$14,236,342
Total Revenue per Form 990
$14,070,823
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$9,303,223
Other Expenses$3,216,478
Grants and Similar Amounts Paid$887,537
Total Fundraising Expense$346,842
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$4,106,015$2,339,136$190,048$6,635,199
Other Employee Benefits$937,756$401,659$8,976$1,348,391
Occupancy$1,148,866$127,652-$1,276,518
Grants to Domestic Individuals$887,537--$887,537
Current Officers, Directors, Trustees, and Key Employees$457,986$260,908$21,197$740,091
Fees for Services Other$499,049$55,110$109,740$663,899
Payroll Taxes$438,469$133,447$7,626$579,542
Depreciation Depletion$217,098$24,122-$241,220
Advertising$157,312$18,507$9,255$185,074
Information Technology$109,065$12,118-$121,183
Insurance$82,397$9,155-$91,552
Office Expenses$73,009$8,112-$81,121
All Other Expenses$53,441--$53,441
Other Expenses$3,409$1,271-$3,409
Total Functional Expenses$9,627,859$3,432,537$346,842$13,407,238

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$13,407,238
Total Expenses per Audited Statements$12,599,419
Expenses per Audited Statements$12,519,701
Expenses Not Reported on Financial Statements$887,537
Other Expense Adjustments$887,537
Expenses Not Reported on Form 990$79,718
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
Yes
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$132,440
Fundraising Direct Expenses$79,718
Gaming Gross Income$28,250
Gaming Direct Expenses$26,865
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Auction$146,415$128,785$15,110$113,675
Book Fair$3,655$3,655$3,107$548
Total Events$150,070$132,440$79,718$52,722
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$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $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
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 11:

The return is reviewed and approved by the audit committee before filing. It is presented to the entire board as filed at the next board meeting.

FORM 990, PART VI, SECTION B, LINE 12C:

The board of trustees reviews the conflict of interest policy annually and each trustee completes the conflict of interest disclosure form each year he/she serves on the board.

FORM 990, PART VI, SECTION B, LINE 15:

The head of the school's salary is determined by the full board of trustees, based on recommendations made by the chair and the head of school evaluation committee. They use statistical and comparative information from state and regional organizations of independent schools. Same information and comparison data is used for key administrators, but this determination is made by the head of the school. Trustees are only nvolved with the head of the school's compensation.

FORM 990, PART VI, SECTION C, LINE 19:

Documents are available upon written request to the business office.

Form 990, Part VII, Section A

JACQY CHUNG, A NONVOTING BOARD MEMBER, IS A FULL TIME TEACHER WORKING 40 HOURS A WEEK IN ADDITION TO His 2 HOURS PER WEEK SERVING AS THE FACULTY REPRESENTATIVE.

Form 990, Part VI, Lines 6 and 7

Every parent is a member of the cooperative and each spring the parents attend a membership meeting and vote on the board members

Filing and Contact Details

Filer

Filer Name
Stevens Cooperative School
EIN
22-2209099
In Care Of
% SERGIO ALATI
Phone
2017923688
Address
301 GARDEN STREET, HOBOKEN, NJ 07030

Signing Officer

Name
Erica Jacobson
Title
Director of Fin & Op
Phone
2017923688
Signed
2022-05-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Erica Jacobson
Formed
1949
Legal Domicile
Nj
Voting Board Members
15
Independent Board Members
15
Employees
180
Volunteers
334

Preparer

Firm
Eisner Advisory Group LLC
Address
111 WOOD AVE SO STE 600, ISELIN, NJ 08830-2700
Preparer
Douglas Tapp
Phone
7322437000
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

The oversight and selection process has not changed from the prior tax year.

Financial Statement Notes

Part XI Line 2D:

Special events shown gross on the financial statements 107,237

Part XII Line 2D:

Special events shown gross on the financial statements 107,237

Part XI Line 4B:

Financial aid expense shown net of revenue on the financial statements $887,537

Part XII Line 4B:

Financial aid expense shown net of revenue on the financial statements $887,537

PART X, LINE 2:

Management has analyzed the tax positions taken by the school and has concluded that as of june 30, 2021 and 2020, there are no uncertain tax positions taken or expected to be taken that would require the recognition of a liability or disclosure in the financial statements. The school recognizes accrued interest and penalties associated with uncertain tax provisions, if any. There were no income tax-related interest and penalties recorded for the years ended june 30, 2021 and 2020.

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IRS990/Form990PartVIISectionAGrp/PersonNm14Will Lau
IRS990/Form990PartVIISectionAGrp/PersonNm15SAGAR MATHUR
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IRS990/Form990PartVIISectionAGrp/PersonNm18DAVE CARTY
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IRS990/Form990PartVIISectionAGrp/PersonNm20JACQUELINE KHOST
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt200
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt210
IRS990/Form990PartVIISectionAGrp/TitleTxt0HEAD OF SCHOOL
IRS990/Form990PartVIISectionAGrp/TitleTxt1PRINCIPAL, NEWPORT LOCATION
IRS990/Form990PartVIISectionAGrp/TitleTxt2CFO
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR, ADVANCEMENT
IRS990/Form990PartVIISectionAGrp/TitleTxt4PRINCIPAL, HOBOKEN LOCATION
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIR, ADMISSIONS & ENROLLMENT
IRS990/Form990PartVIISectionAGrp/TitleTxt6HUMAN RESOURCES DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7VICE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt8TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt9TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt10ALUMNI TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt11trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt12TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt13TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt14TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt15TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt16TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt17BOARD CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt18ALUMNI PARENT TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt19TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt20SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt21TRUSTEE
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IRS990/FormationYr01949
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IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0true
IRS990/FundraisingAmt017630
IRS990/FundraisingDirectExpensesAmt079718
IRS990/FundraisingGrossIncomeAmt0132440
IRS990/GainOrLossGrp/SecuritiesAmt017087
IRS990/GamingActivitiesInd0true
IRS990/GamingDirectExpensesAmt026865
IRS990/GamingGrossIncomeAmt028250
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IRS990/InfoInScheduleOPartVIIIInd0X
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IRS990/InsuranceGrp/ProgramServicesAmt082397
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IRS990/IntangibleAssetsGrp/BOYAmt00
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IRS990/InterestGrp/TotalAmt00
IRS990/InventoriesForSaleOrUseGrp/BOYAmt00
IRS990/InventoriesForSaleOrUseGrp/EOYAmt00
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IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt00
IRS990/InvestmentsProgramRelatedGrp/BOYAmt00
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IRS990/MembersOrStockholdersInd0true
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IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0WE IMAGINE A WORLD WITH WELL-INFORMED, ENGAGED CITIZENS WHO ARE MOTIVATED TO MAKE A DIFFERENCE. IN PARTNERSHIP WITH OUR DIVERSE FACULTY, STAFF, FAMILIES AND THE GREATER COMMUNITY, STEVENS COOPERATIVE SCHOOL STUDENTS EXPLORE, QUESTION AND COMMUNICATE IN WAYS THAT WILL INSPIRE AND SHAPE THE FUTURE.
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IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt052722
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IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
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IRS990/OfficeExpensesGrp/ProgramServicesAmt073009
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IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt08976
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IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0937756
IRS990/OtherEmployeeBenefitsGrp/TotalAmt01348391
IRS990/OtherExpensesGrp/Desc0CURRICULUM SUPPLIES
IRS990/OtherExpensesGrp/Desc1STAFF DEVELOPMENT
IRS990/OtherExpensesGrp/Desc2MISCELLANEOUS
IRS990/OtherExpensesGrp/Desc3MEALS, FEES AND RAFFLE PRIZES
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IRS990/OtherExpensesGrp/ManagementAndGeneralAmt11271

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Summary only. Only limited summary data is available for this year.$27.3$15.1$12.2$15.3$15.5$0.17
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$18.8$6.99$11.8$15.1$13.6$1.48
2021Detailed filing. Detailed filing data is available for this year.$19.0$7.90$11.1$14.1$13.4$0.66
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$16.5$7.09$9.44$13.1$12.5$0.57
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$15.7$6.97$8.71$12.3$11.6$0.71
2018Summary only. Only limited summary data is available for this year.$14.5$6.81$7.73$11.8$11.0$0.78
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$13.9$7.17$6.74$11.0$10.2$0.75
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$12.3$6.55$5.75$10.1$9.60$0.51
2015Detailed filing. Detailed filing data is available for this year.$11.4$6.26$5.15$9.62$8.89$0.73
2014Detailed filing. Detailed filing data is available for this year.$10.3$5.94$4.39$9.03$8.28$0.75
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.33$5.86$3.48$7.60
2012Summary only. Only limited summary data is available for this year.$8.08$5.15$2.94$7.15$6.83$0.31
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.94$4.37$2.57$6.34
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.00$3.66$2.34$5.58
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2021 filings • 501(c)3 • $10M-$25M nonprofits