Civic Intelligence

St Luke'S School

990 • Fiscal year 2014 • EIN 45-5288724

Jul 01, 2013 to Jun 30, 2014 • Filed on May 14, 2015

487 Hudson Street10014

(212) 924-5960

Siviq Scores

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

Liabilities / Assets

42nd percentile

0.20x

Higher debt load relative to assets than 42% of similar nonprofits.

2014 filings • NTEE B • $10M-$25M nonprofits • Source year 2014

Liabilities / Revenue

43rd percentile

0.22x

Higher debt load relative to revenue than 43% of similar nonprofits.

2014 filings • NTEE B • $10M-$25M nonprofits • Source year 2014

Net Margin

62nd percentile

6.1%

Higher net margin than 62% of similar nonprofits.

2014 filings • NTEE B • $10M-$25M nonprofits • Source year 2014

Top Officer Pay

90th percentile

$324,222

Higher top officer pay than 90% of similar nonprofits.

Top officer pay equals 3.3% of source-year revenue.

2014 filings • NTEE B • $10M-$25M nonprofits • Source year 2014

Asset Growth

71st percentile

11%

Faster asset growth than 71% of similar nonprofits.

2014 filings • NTEE B • $10M-$25M nonprofits • Annualized from 2013 to 2014

Revenue Growth

91st percentile

64%

Faster revenue growth than 91% of similar nonprofits.

2014 filings • NTEE B • $10M-$25M nonprofits • Annualized from 2013 to 2014

Assets

Up

$10,509,390

Up $1,008,121 (+11%) from 2013

Net Assets

Up

$8,381,171

Up $754,756 (+9.9%) from 2013

Liabilities

Up

$2,128,219

Up $253,365 (+14%) from 2013

Revenue

Up

$9,898,594

Up $3,862,048 (+64%) from 2013

Expenses

Up

$9,290,802

Up $3,779,347 (+69%) from 2013

Net Income

Up

$607,792

Up $82,701 (+16%) from 2013

Historical Trend

Balance Sheet Trend

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

$100M$50M$0Assets 2013: $9,501,269Liabilities 2013: $1,874,854Net Assets 2013: $7,626,4152013Assets 2014: $10,509,390Liabilities 2014: $2,128,219Net Assets 2014: $8,381,1712014Assets 2015: $15,854,648Liabilities 2015: $4,208,385Net Assets 2015: $11,646,2632015Assets 2016: $21,998,560Liabilities 2016: $6,502,523Net Assets 2016: $15,496,0372016Assets 2017: $38,314,935Liabilities 2017: $19,828,440Net Assets 2017: $18,486,4952017Assets 2018: $41,187,197Liabilities 2018: $18,601,080Net Assets 2018: $22,586,1172018Assets 2019: $44,656,829Liabilities 2019: $19,719,699Net Assets 2019: $24,937,1302019Assets 2020: $47,985,159Liabilities 2020: $22,085,011Net Assets 2020: $25,900,1482020Assets 2021: $50,281,249Liabilities 2021: $21,413,319Net Assets 2021: $28,867,9302021Assets 2022: $52,345,185Liabilities 2022: $22,813,541Net Assets 2022: $29,531,6442022Assets 2023: $82,373,625Liabilities 2023: $53,105,165Net Assets 2023: $29,268,4602023Assets 2024: $82,538,693Liabilities 2024: $53,482,316Net Assets 2024: $29,056,3772024

Highlighted filing

2014

Assets$10,509,390
Liabilities$2,128,219
Net Assets$8,381,171

Operations Trend

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

$30M$20M$10M$0-$10MRevenue 2013: $6,036,546Expenses 2013: $5,511,455Net Income 2013: $525,0912013Revenue 2014: $9,898,594Expenses 2014: $9,290,802Net Income 2014: $607,7922014Revenue 2015: $13,187,795Expenses 2015: $9,953,994Net Income 2015: $3,233,8012015Revenue 2016: $16,250,901Expenses 2016: $12,334,315Net Income 2016: $3,916,5862016Revenue 2017: $16,736,480Expenses 2017: $14,019,519Net Income 2017: $2,716,9612017Revenue 2018: $20,187,771Expenses 2018: $16,258,343Net Income 2018: $3,929,4282018Revenue 2019: $19,410,378Expenses 2019: $17,206,635Net Income 2019: $2,203,7432019Revenue 2020: $19,077,243Expenses 2020: $18,131,435Net Income 2020: $945,8082020Revenue 2021: $21,507,772Expenses 2021: $19,634,810Net Income 2021: $1,872,9622021Revenue 2022: $21,771,060Expenses 2022: $20,094,177Net Income 2022: $1,676,8832022Revenue 2023: $21,197,799Expenses 2023: $21,935,054Net Income 2023: -$737,2552023Revenue 2024: $24,044,291Expenses 2024: $24,901,946Net Income 2024: -$857,6552024

Highlighted filing

2014

Revenue$9,898,594
Expenses$9,290,802
Net Income$607,792
Jump To
Filing Snapshot
Filing Period
Jul 1, 2013 to Jun 30, 2014
Signed
May 14, 2015
Return Version
2013v4.0
Gross Receipts
$16,500,660
Mission and Program Overview

Mission

At st. Luke's, we seek to give our students a sound cognitive foundation for their lives and prepare them for admission to and continuing success in future schools. As an episcopal church school, and through our affiliation with the church of st. Luke in the fields, we also seek to do something more. St. Luke's is a small school, deliberately. Its size enables us to focus on each child as an individual. Its size also allows everyone to know everyone else. It fosters a feeling of family - a supportive climate of trust and understanding, communicating values and building community. In this environment, children form positive relationships with classmates and teachers, with older children and with younger ones. St. Luke's is coeducational and heterogeneous. Its students and faculty come from a variety of backgrounds - racial, ethnic, economic and religious. We value and actively encourage this mutually enriching diversity. It is part of the process of helping each child discover his or he

SEE SCHEDULE O

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$3,506,515$4,228,045▲ $721,530
Savings and Temporary Cash Investments$3,402,086$2,643,678▼ $758,408
Investments in Publicly Traded Securities$1,507,646$2,263,962▲ $756,316
Cash and Non-Interest-Bearing Accounts$740,330$1,089,582▲ $349,252
Prepaid Expenses and Deferred Charges$239,801$187,856▼ $51,945
Accounts Receivable$17,793$23,763▲ $5,970
Pledges and Grants Receivable$3,000$1,750▼ $1,250
Total Assets$9,501,269$10,509,390▲ $1,008,121
Other Assets Total$84,098$70,754▼ $13,344
Liabilities
Deferred Revenue$1,550,736$1,585,119▲ $34,383
Accounts Payable and Accrued Expenses$237,766$419,960▲ $182,194
Other Liabilities$86,352$123,140▲ $36,788
Total Liabilities$1,874,854$2,128,219▲ $253,365
Net Assets / Fund Balance
Unrestricted Net Assets$5,352,010$6,514,171▲ $1,162,161
Permanently Rstr Net Assets$1,431,310$1,437,310▲ $6,000
Temporarily Rstr Net Assets$843,095$429,690▼ $413,405
Total Net Assets Fund Balance$7,626,415$8,381,171▲ $754,756
Total Liabilities and Net Assets / Fund Balance$9,501,269$10,509,390▲ $1,008,121

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$4,059,645$284,822$4,344,467
Equipment$168,400$67,807$236,207

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2013$2,640,724$6,000▲ $215,850$90,594$2,771,980
2012-$2,563,115▲ $85,066-$2,640,724
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
W Barton Baldwin JrHead of SchoolFT$267,812$56,410$324,222
Lynette SpyropoulosHead- Upper SchoolFT$168,516$27,285$195,801
Linda L MaxwellDirector of Finance and OperationsFT$174,272$689$174,961
Maryann HoffmanHead- Lower SchoolFT$136,932$23,177$160,109
Susan HarriotAdmission DirectorFT$106,879$37,006$143,885
Marueen PetroskyLearning SpecialistFT$115,664$21,972$137,636
Clint RataczakDirector of DevelopmentFT$111,933$21,896$133,829
Sherry FromanFaculty- Grade 1FT$105,272$21,283$126,555

Board Members and Trustees

Highest Paid Contractors

ContractorServicesLocationCompensation
Andrew Bartel ArchitectsArchitectual Service-$135,380
Revenue and Support

Revenue Composition

Contributions and Grants
$646,964
Program Service Revenue
$8,789,442
Investment Income
$155,226
Other Revenue
$306,962
All Other Contributions
$397,764
Change in Net Assets
$607,792

Audited Revenue Reconciliation

Revenue per Audited Statements
$8,580,635
Revenue Not Reported on Financial Statements
$1,317,959
Revenue Not Reported on Form 990
$186,027
Other Revenue Adjustments
$1,293,448
Total Revenue per Audited Statements
$8,766,662
Total Revenue per Form 990
$9,898,594
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$5,601,815
Other Expenses$2,395,539
Grants and Similar Amounts Paid$1,293,448
Total Fundraising Expense$389,913
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,527,846$996,496$231,763$3,756,105
Grants to Domestic Individuals$1,293,448--$1,293,448
Occupancy$762,662$162,065$28,600$953,327
Current Officers, Directors, Trustees, and Key Employees$672,688$192,129-$864,817
Office Expenses$534,266$84,184$49,097$667,547
Other Employee Benefits$294,628$111,932$21,976$428,536
Payroll Taxes$241,232$70,634$17,272$329,138
Depreciation Depletion$200,419$42,589$7,516$250,524
Pension Plan Contributions$118,317$93,078$11,824$223,219
Fees for Services Other$79,394$46,739$2,134$128,267
Information Technology$91,362$18,951$1,284$111,597
Conferences and Meetings$40,417$47,011$3,941$91,369
All Other Expenses$2,900$54,630$13,309$70,839
Fees for Services Accounting-$45,671-$45,671
Insurance$31,909$6,781$1,197$39,887
Fees for Service Investment Mgmnt Fees-$24,511-$24,511
Other Expenses-$12,000-$12,000
Total Functional Expenses$6,891,488$2,009,401$389,913$9,290,802

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$9,290,802
Total Expenses per Audited Statements$8,011,906
Expenses per Audited Statements$7,972,843
Expenses Not Reported on Financial Statements$1,317,959
Other Expense Adjustments$1,293,448
Expenses Not Reported on Form 990$39,063
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$39,063
Fundraising Gross Income$17,550
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Event 1$216,750$17,550$12,202$5,348
Total Events$216,750$17,550$39,063$-21,513
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Deferred Rent$123,140
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
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, Section B, Line 11

A draft form 990 was reviewed by the director of finance and the finance committee prior to filing with the irs.

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

Disclosures: whenever any trustee, officer, committee member, or employee of the school becomes aware that the school is considering a transaction that potentially creates a conflict of interest, he or she is obligated to notify the board and to disclose all material facts relating to his or her interest in the transaction. The board will determine whether an actual conflict of interest exists and take action that the board deems appropriate. The interested person may not be present when the board makes its determination other than to answer questions. If no conflict of interest is found to exist, the minutes of the meeting must record the basis of the board's determination. Withdrawal and abstention: if the board determines that a transaction would create a conflict of interest, the transaction must be approved in advance by only those board members who do not have a conflict with respect to the transaction. Any interested person therefore must recuse him - or herself from consideration of the transaction. He or she may not vote on the transaction or be present when the vote is taken. He or she furthermore may not be present during any discussion of the transaction other than to answer questions. Interested persons, however, may be counted for the purpose of determining whether a quorum exists at the meeting even though they are temporarily absent while the transaction is considered. Acknowledgment and annual statements: each trustee, officer, member of a committee of the board, and key employee must sign annually a statement affirming that such person: (a) has received a copy of this conflict of interest and disclosure policy, (b) has read and understands this policy, and (c) has agreed to comply with this policy. Each trustee, officer, member of a committee of the board, and key employee additionally must complete and submit to the secretary a disclosure statement naming the entities conducting business with the school in which he, she, or a family member is a director, trustee, officer, committee member, or employee or has a material financial interest. The secretary will review the information and periodically distribute reports to all trustees.

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

Annually, at the may executive committee and the may board meeting, the board chair, in consultation with the executive committee and board of trustees, review and evaluate the head of school's performance against a series of goals and objectives that were set for the year. In establishing compensation levels for the head of school, the board chair, executive committee and board of trustees use performance and annual compensation surveys of similar type organizations, compiled by an external membership organization, to inform their decisions. Minutes of the meeting(s) are maintained in a confidential file. Officers' performance is evaluated by the head of school. Salaries are established by the head of school with the consent and oversight of the executive committee.

Form 990, Part VI, Section C, Line 19

St. Luke's does not make it's governing documents, conflict of interest and financial statements available to the public.

Filing and Contact Details

Filer

EIN
45-5288724
Phone
2129245960

Signing Officer

Name
W Barton Baldwin
Title
Head of School
Phone
2129245960
Signed
2015-05-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
W Barton Baldwin
Formed
2012
Legal Domicile
Ny
Voting Board Members
18
Independent Board Members
18
Employees
88
Volunteers
18

Preparer

Preparer
Israel Tannenbaum
Phone
2128674000
Supplemental Narrative

Additional Explanations

FORM 990, PART I, LINE 1 & PART III, LINE 1:

At saint luke's, we seek to give our students a sound cognitive foundation for their lives and prepare them for admission to and continuing success in future schools. As an episcopal church school, and through our affiliation with the church of st. Luke in the fields, we also seek to do something more. St. Luke's is a small school, deliberately. Its size enables us to focus on each child as an individual. Its size also allows everyone to know everyone else. It fosters a feeling of family - a supportive climate of trust and understanding, communicating values and building community. In this environment, children form positive relationships with classmates and teachers, with older children and with younger ones. St. Luke's is coeducational and heterogeneous. Its students and faculty come from a variety of backgrounds - racial, ethnic, economic, and religious. We value and actively encourage this mutually enriching diversity. It is part of the process of helping each child discover his or her own uniqueness and infinite worth as a human being and at the same time, that of others. St. Luke's is a traditional school, in that it has a strong academic curriculum, high standards, clear and consistent boundaries and expectations. Within that structure, we emphasize freedom. We use varied educational approaches and techniques to help stimulate independent thinking - to free the children to question, challenge, explore, pursue truth wherever it leads. We encourage them to express their imagination and creative powers, in science and mathematics as well as in words, music, and art. Interdisciplinary teaching allows content from one subject area to reinforce another and open up fresh insights. Above all, st. Luke's seeks to awaken in children a lifelong love of learning, a sense of joy and wonder at god's universe, and a deep feeling of connection to the natural world. We hope that whatever they go on to do and be, we will have prepared them to be good stewards of the world's resources - responsible, caring members of one global human community.

FORM 990, PART XII, LINE 2C:

The process has not changed from the prior year.

Financial Statement Notes

PART V, LINE 4:

The school's endowmnet consists of individual donor-restricted endowment funds established for library reference, scholarships, bridge to the future fund and the general endowment fund.

PART X, LINE 2:

The school has determined that there are no material uncertain tax positions that require recognition or disclosure in the financial statements. Periods ending june 30, 2013 and subsequent remain subject to examination by applicable taxing authorities.

PART XI, LINE 2D - OTHER ADJUSTMENTS:

Direct cost of special events 39,063.

PART XI, LINE 4B - OTHER ADJUSTMENTS:

FINANCIAL AID 1,293,448.

PART XII, LINE 2D - OTHER ADJUSTMENTS:

Direct cost of special events 39,063.

PART XII, LINE 4B - OTHER ADJUSTMENTS:

FINANCIAL AID 1,293,448.

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IRS990/Form990PartVIISectionAGrp/TitleTxt4VICE CHAIR
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IRS990/Form990PartVIISectionAGrp/TitleTxt8TRUSTEE
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IRS990/Form990PartVIISectionAGrp/TitleTxt11TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt12TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt13TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt14TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt15TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt16TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt17TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt18HEAD OF SCHOOL
IRS990/Form990PartVIISectionAGrp/TitleTxt19DIRECTOR OF FINANCE AND OPERATIONS
IRS990/Form990PartVIISectionAGrp/TitleTxt20HEAD- UPPER SCHOOL
IRS990/Form990PartVIISectionAGrp/TitleTxt21HEAD- LOWER SCHOOL
IRS990/Form990PartVIISectionAGrp/TitleTxt22ADMISSION DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt23LEARNING SPECIALIST
IRS990/Form990PartVIISectionAGrp/TitleTxt24DIRECTOR OF DEVELOPMENT
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