Civic Intelligence

The Childrens Academy

EIN 27-0678797 • 501(c)3 • New York, NY

Profile

The Children's Academy is a specialized school that provides integrated educational services for children with speech and language delays in grades K thru 12 under a charter from the NYS Board of Regents.

317 E 50th StNew York, NY 10022

www.childrensacademynyc.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

67th percentile

0.60x

Higher debt load relative to assets than 67% of similar nonprofits.

NTEE B • $10M-$25M nonprofits • Source year 2024

Liabilities / Revenue

79th percentile

1.58x

Higher debt load relative to revenue than 79% of similar nonprofits.

NTEE B • $10M-$25M nonprofits • Source year 2024

Net Margin

56th percentile

4.4%

Higher net margin than 56% of similar nonprofits.

NTEE B • $10M-$25M nonprofits • Source year 2024

Top Officer Pay

73rd percentile

$254,527

Higher top officer pay than 73% of similar nonprofits.

Top officer pay equals 3.5% of source-year revenue.

NTEE B • $10M-$25M nonprofits • Source year 2024

Asset Growth

34th percentile

-0.7%

Faster asset growth than 34% of similar nonprofits.

NTEE B • $10M-$25M nonprofits • Annualized from 2023 to 2024

Revenue Growth

28th percentile

0.0%

Faster revenue growth than 28% of similar nonprofits.

NTEE B • $10M-$25M nonprofits • Annualized from 2023 to 2024

Assets

Down

$19,143,592

Down $130,375 (-0.7%) from 2023

Liabilities

Down

$11,412,814

Down $536,983 (-4.5%) from 2023

Net Assets

Up

$7,730,778

Up $406,608 (+5.6%) from 2023

Revenue

Up

$7,241,716

Up $83 (+0.0%) from 2023

Expenses

Up

$6,922,585

Up $431,152 (+6.6%) from 2023

Net Income

Down

$319,131

Down $431,069 (-57%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$20M$15M$10M$5.0M$0-$5.0MAssets 2010: $294,446Liabilities 2010: $239,334Net Assets 2010: $55,1122010Assets 2011: $88,028Liabilities 2011: $114,637Net Assets 2011: -$26,6092011Assets 2012: $883,596Liabilities 2012: $643,101Net Assets 2012: $240,4952012Assets 2014: $750,502Liabilities 2014: $250,938Net Assets 2014: $499,5642014Assets 2015: $841,880Liabilities 2015: $236,372Net Assets 2015: $605,5082015Assets 2016: $703,362Liabilities 2016: $436,697Net Assets 2016: $266,6652016Assets 2017: $791,495Liabilities 2017: $705,499Net Assets 2017: $85,9962017Assets 2018: $3,835,746Liabilities 2018: $3,137,767Net Assets 2018: $697,9792018Assets 2019: $2,797,683Liabilities 2019: $357,200Net Assets 2019: $2,440,4832019Assets 2020: $5,856,241Liabilities 2020: $1,677,330Net Assets 2020: $4,178,9112020Assets 2021: $6,358,763Liabilities 2021: $988,593Net Assets 2021: $5,370,1702021Assets 2022: $7,747,977Liabilities 2022: $1,174,007Net Assets 2022: $6,573,9702022Assets 2023: $19,273,967Liabilities 2023: $11,949,797Net Assets 2023: $7,324,1702023Assets 2024: $19,143,592Liabilities 2024: $11,412,814Net Assets 2024: $7,730,7782024

Highlighted filing

2024

Assets$19,143,592
Liabilities$11,412,814
Net Assets$7,730,778

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$8.0M$6.0M$4.0M$2.0M$0-$2.0MExpenses 2010: $623,1992010Expenses 2011: $806,8282011Expenses 2012: $741,2262012Revenue 2014: $2,273,640Expenses 2014: $2,086,804Net Income 2014: $186,8362014Revenue 2015: $2,588,331Expenses 2015: $2,482,387Net Income 2015: $105,9442015Revenue 2016: $2,750,521Expenses 2016: $3,089,364Net Income 2016: -$338,8432016Revenue 2017: $3,568,532Expenses 2017: $3,668,268Net Income 2017: -$99,7362017Revenue 2018: $4,079,256Expenses 2018: $3,467,273Net Income 2018: $611,9832018Revenue 2019: $5,630,937Expenses 2019: $3,583,832Net Income 2019: $2,047,1052019Revenue 2020: $6,690,456Expenses 2020: $4,952,028Net Income 2020: $1,738,4282020Revenue 2021: $6,540,482Expenses 2021: $5,349,223Net Income 2021: $1,191,2592021Revenue 2022: $6,837,889Expenses 2022: $5,634,089Net Income 2022: $1,203,8002022Revenue 2023: $7,241,633Expenses 2023: $6,491,433Net Income 2023: $750,2002023Revenue 2024: $7,241,716Expenses 2024: $6,922,585Net Income 2024: $319,1312024

Highlighted filing

2024

Revenue$7,241,716
Expenses$6,922,585
Net Income$319,131

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$19.1$11.4$7.73$7.24$6.92$0.32
2023Detailed filing. Detailed filing data is available for this year.$19.3$11.9$7.32$7.24$6.49$0.75
2022Detailed filing. Detailed filing data is available for this year.$7.75$1.17$6.57$6.84$5.63$1.20
2021Detailed filing. Detailed filing data is available for this year.$6.36$0.99$5.37$6.54$5.35$1.19
2020Detailed filing. Detailed filing data is available for this year.$5.86$1.68$4.18$6.69$4.95$1.74
2019Detailed filing. Detailed filing data is available for this year.$2.80$0.36$2.44$5.63$3.58$2.05
2018Detailed filing. Detailed filing data is available for this year.$3.84$3.14$0.70$4.08$3.47$0.61
2017Detailed filing. Detailed filing data is available for this year.$0.79$0.71$0.09$3.57$3.67$0.10
2016Detailed filing. Detailed filing data is available for this year.$0.70$0.44$0.27$2.75$3.09$0.34
2015Detailed filing. Detailed filing data is available for this year.$0.84$0.24$0.61$2.59$2.48$0.11
2014Detailed filing. Detailed filing data is available for this year.$0.75$0.25$0.50$2.27$2.09$0.19
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.88$0.64$0.24$0.74
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.09$0.11$0.03$0.81
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.29$0.24$0.06$0.62
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
May 14, 2025
Return Version
2023v6.0
Gross Receipts
$7,316,711
Mission and Program Overview

Mission

The Children's Academy is a specialized school that provides integrated educational services for children with speech and language delays in grades K thru 12 under a charter from the NYS Board of Regents.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$2,315,967$2,546,793▲ $230,826
Cash and Non-Interest-Bearing Accounts$2,167,899$2,454,158▲ $286,259
Accounts Receivable$1,719,079$1,882,874▲ $163,795
Land, Buildings, and Equipment, Net$2,007,016$1,881,338▼ $125,678
Pledges and Grants Receivable$55,205$58,795▲ $3,590
Savings and Temporary Cash Investments$29,044$28,903▼ $141
Prepaid Expenses and Deferred Charges$31,233$21,503▼ $9,730
Other Notes and Loans Receivable, Net-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$19,273,967$19,143,592▼ $130,375
Other Assets Total$10,948,524$10,269,228▼ $679,296
Liabilities
Other Liabilities$11,319,866$10,939,403▼ $380,463
Accounts Payable and Accrued Expenses$309,964$272,302▼ $37,662
Deferred Revenue$319,967$201,109▼ $118,858
Total Liabilities$11,949,797$11,412,814▼ $536,983
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$7,219,546$7,482,815▲ $263,269
Net Assets With Donor Restrictions$104,624$247,963▲ $143,339
Total Net Assets Fund Balance$7,324,170$7,730,778▲ $406,608
Total Liabilities and Net Assets / Fund Balance$19,273,967$19,143,592▼ $130,375

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$1,769,173$574,753$2,343,926
Equipment$80,970$96,020$176,990
Other Land Buildings$31,195$110,389$141,584
Other Assets Org$184,375--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Cheval BryantHead of SchoolFT$246,650$7,877$254,527
Jordan T WishnerDirector of AdmissionsFT$176,290$7,920$184,210
Lawrence FeltzDirector of FinFT$19,288-$19,288

Board Members and Trustees

Highest Paid Contractors

ContractorServicesLocationCompensation
First Reform Episcopal Church of New YorkRent317 East 50th Street, New York, NY 10022$537,584
Revenue and Support

Revenue Composition

Contributions and Grants
$405,076
Program Service Revenue
$6,836,031
Investment Income
$37,904
Other Revenue
$-37,295
All Other Contributions
$155,696
Change in Net Assets
$319,131

Noncash Contribution Practices

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

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded1$100,269Fair Market Value (FMV)
Total Noncash Contributions1$100,269-

Audited Revenue Reconciliation

Revenue per Audited Statements
$7,241,716
Revenue Not Reported on Form 990
$87,477
Total Revenue per Audited Statements
$7,329,193
Total Revenue per Form 990
$7,241,716
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$5,062,210
Other Expenses$1,860,375
Total Fundraising Expense$58,050
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$3,023,483$927,855$34,085$3,985,423
Occupancy$661,326$201,533$7,570$870,429
Current Officers, Directors, Trustees, and Key Employees$352,680$100,765$4,580$458,025
Payroll Taxes$283,650$86,439$3,247$373,336
Other Employee Benefits$186,305$57,007$2,114$245,426
Depreciation Depletion$139,764$42,297$1,589$183,650
All Other Expenses$100,842$26,179$805$127,826
Fees for Services Other$47,758$34,490$1,340$83,588
Insurance$63,457$19,338$726$83,521
Information Technology$76,198--$76,198
Fees for Services Accounting$69,292--$69,292
Other Expenses$60,000$16,579$623$60,000
Fees for Services Legal-$1,180-$1,180
Total Functional Expenses$5,314,384$1,550,151$58,050$6,922,585

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$6,922,585
Total Expenses per Audited Statements$6,922,585
Total Expenses per Form 990$6,922,585
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$74,995
Fundraising Gross Income$23,000
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Gala Event$272,380$23,000$31,419$-8,419
Total Events$272,380$23,000$74,995$-51,995
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
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Operating Lease Liability$10,939,403
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
No
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
No
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

Upon receipt of the draft Form 990 from the accountants, the full board is given the opportunity to provide comments before Form 990 is finalized.

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

All board members are required to sign a conflict of interest document annually.

Form 990, Part VI, Section B, Line 15B

Officer compensation is discussed and agreed upon in board meetings. Minutes are taken to document board decisions.

Form 990, Part VI, Section C, Line 19

Upon written or verbal request, the academy furnishes all relevant documents.

Filing and Contact Details

Filer

Filer Name
The Childrens Academy
EIN
27-0678797
Phone
6462775400
Address
317 E 50th St, New York, NY 10022

Signing Officer

Name
Martin Lindberg
Title
Treasurer
Signed
2025-05-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Melissa Pearsall Hirsch
Formed
2009
Legal Domicile
Ny
Voting Board Members
5
Independent Board Members
5
Employees
75
Volunteers
12

Preparer

Firm
Lear & Pannepacker LLP
Address
791 Alexander Road, Princeton, NJ 08540
Preparer
Kenneth L Siegel CPA
Phone
6094522200
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2C

Finance committee is responsible for oversight of the audit

Financial Statement Notes

Part X : FIN48 Footnote

ASC Topic 740 Accounting for Uncertainty in Income Taxes clarifies the accounting for uncertainty in income taxes recognized in an entitys financial statements and prescribes a recognition threshold of more-likely-than-not to be sustained upon examination by the appropriate taxing authority. Measurement of the tax uncertainty occurs if the recognition threshold has been met. The guidance also provides guidance on precognition, classification, interest and penalties, accounting in interim periods, and disclosure.The Academy's policy is to account for interest and penalties related to unrecognized tax benefits as a component of income tax expense.

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IRS990/MissionDesc0The Children's Academy is a specialized school that provides integrated educational services for children with speech and language delays in grades K thru 12 under a charter from the NYS Board of Regents.
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IRS990/PrincipalOfficerNm0Melissa Pearsall Hirsch
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0ASC Topic 740 Accounting for Uncertainty in Income Taxes clarifies the accounting for uncertainty in income taxes recognized in an entitys financial statements and prescribes a recognition threshold of more-likely-than-not to be sustained upon examination by the appropriate taxing authority. Measurement of the tax uncertainty occurs if the recognition threshold has been met. The guidance also provides guidance on precognition, classification, interest and penalties, accounting in interim periods, and disclosure.The Academy's policy is to account for interest and penalties related to unrecognized tax benefits as a component of income tax expense.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X : FIN48 Footnote
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