Cold Spring School Inc
- Assets
- $9.1m
- Revenue
- $3.8m
- Investments
- $0.0
- Employees
- 42
- Location
- New Haven, CT
- Founding
- 07/1981
- Data as of
- 06/2021
- EIN
- 06-1066740
Organization Overview
Cold Spring School Inc is located in New Haven, CT. The organization was established in 1981. According to its NTEE Classification (B24) the organization is classified as: Primary & Elementary Schools, under the broad grouping of Education and related organizations. As of 06/2021, Cold Spring School Inc employed 42 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cold Spring School Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2021, Cold Spring School Inc generated $3.8m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.6% each year. All expenses for the organization totaled $4.1m during the year ending 06/2021. While expenses have increased by 4.6% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
INDEPENDENT DAY SCHOOL FOR CHILDREN FROM PRESCHOOL THROUGH GRADE SIX
Describe the Organization's Program Activity:
Part 3 - Line 4a
COLD SPRING SCHOOL IS AN INDEPENDENT DAY SCHOOL WITH APPROXIMATELY 155 STUDENTS IN PRESCHOOL THROUGH SIXTH GRADE. THE STUDENTS REPRESENT THE DIVERSE CULTURAL, RACIAL AND ECONOMIC BACKGROUNDS FOUND IN THE GREATER NEW HAVEN, CONNECTICUT AREA. THE SCHOOL OCCUPIES THREE RENOVATED BUILDINGS OVERLOOKING NEW HAVEN HARBOR AND A CITY PARK.CLASSROOMS HAVE TWO FULL-TIME TEACHERS, A HEAD TEACHER AND AN ASSOCIATE TEACHER. A LOW STUDENT-TEACHER RATIO ALLOWS TEACHERS TO PROVIDE INDIVIDUAL ASSESSMENT, COACHING AND INSTRUCTION. CLASSROOMS ARE DESIGNED WITH SPACES THAT ACCOMMODATE SMALL, COOPERATIVE GROUP LEARNING AS WELL AS ONE-ON-ONE LEARNING WITH A TEACHER. EACH CLASSROOM ALSO HAS SPACE FOR WHOLE-CLASS MEETINGS THAT TYPICALLY START AND END EACH DAY'S ACTIVITIES. CHILDREN USUALLY STAY WITH A HEAD TEACHER FOR TWO YEARS, ALLOWING STUDENT, FAMILY AND TEACHER TO FORM A CLOSE PARTNERSHIP AND PROVIDING MANY OPPORTUNITIES FOR SOCIAL AND ACADEMIC GROWTH.THE SCHOOL EMPLOYS A THEMATIC APPROACH WHICH INTEGRATES THE STUDY OF LANGUAGE, ARTS, MATH, SOCIAL STUDIES AND SCIENCE. THROUGH AGE-APPROPRIATE THEMES, TEACHERS SUPPORT THE DEVELOPMENT OF A RANGE OF ACADEMIC AND SOCIAL SKILLS: RESEARCHING, WRITING, LISTENING, AND COMMUNICATING. STUDENTS ARE ENCOURAGED TO ASK, SHARE AND ANSWER QUESTIONS BRINGING THEIR OWN SKILLS AND PERSPECTIVES TO DISCUSSIONS.AN OPTIONAL EXTENDED-DAY PROGRAM IS OFFERED FROM 3:00PM-5:30PM. THIS PROGRAM INCLUDES A BALANCED COMBINATION OF OUTDOOR PHYSICAL ACTIVITY, SNACK AND PROJECT TIME FOR THE LOWER GRADES AND TIME TO WORK ON HOMEWORK FOR STUDENTS IN THE 4-6 GRADES. THE SCHOOL ALSO OFFERS VACATION CHILD CARE ON MANY OF THE DAYS WHEN SCHOOL IS NOT IN SESSION. THE PROGRAM ACCOMODATES A LIMITED NUMBER OF CHILDREN IN PRE K - GRADE 6, RUNS FROM 8:30AM-4:30PM AND IS STAFFED BY TWO TEACHERS WHO PLAN A DAY OF INDOOR AND OUTDOOR ACTIVITIES AT THE SCHOOL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Arati Pandit Head Of School | OfficerTrustee | 40 | $184,139 |
David Thompson Vice President | OfficerTrustee | 4 | $0 |
Lisa Marcus Secretary | OfficerTrustee | 4 | $0 |
Jocelyn Hurwitz Vice President | OfficerTrustee | 4 | $0 |
Shel Swanson Vice President | OfficerTrustee | 4 | $0 |
Daniel Biemesderfer President | OfficerTrustee | 6 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $305,046 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $305,046 |
| Total Program Service Revenue | $3,392,109 |
| Investment income | $30,938 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $78,322 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,812,611 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $831,395 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $210,164 |
| Compensation of current officers, directors, key employees. | $99,828 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,469,924 |
| Pension plan accruals and contributions | $102,097 |
| Other employee benefits | $379,550 |
| Payroll taxes | $128,573 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $7,073 |
| Fees for services: Accounting | $11,494 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $6,658 |
| Fees for services: Other | $3,599 |
| Advertising and promotion | $0 |
| Office expenses | $4,779 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $187,059 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $105,958 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $335,614 |
| Insurance | $42,841 |
| All other expenses | $35,788 |
| Total functional expenses | $4,082,440 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $461,228 |
| Savings and temporary cash investments | $442,077 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $33,008 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $30,167 |
| Net Land, buildings, and equipment | $5,495,651 |
| Investments—publicly traded securities | $2,580,179 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $12,937 |
| Total assets | $9,055,247 |
| Accounts payable and accrued expenses | $214,453 |
| Grants payable | $0 |
| Deferred revenue | $1,126,377 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $1,966,078 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $341,100 |
| Total liabilities | $3,648,008 |
| Net assets without donor restrictions | $5,089,647 |
| Net assets with donor restrictions | $317,592 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $9,055,247 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Cold Spring School Inc has recieved totaling $94,248.
| Awarding Organization | Amount |
|---|---|
Oechsle Family Foundation Inc Wilmington, DE PURPOSE: FINANCIAL AID PROGRAM | $75,000 |
Jewish Foundation Of Greater New Haven Inc Woodbridge, CT PURPOSE: CHARITABLE DISTRIBUTION FROM DONOR ADVISED FUND | $15,000 |
Helen & William Mazer Foundation Berkeley Heights, NJ PURPOSE: CHARITABLE PURPOSES. | $4,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $248 |
Endowment Analysis
| Beg. Balance | $413,484 |
| Earnings | $116,972 |
| Net Contributions | $5,200 |
| Ending Balance | $535,656 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Village Community School New York, NY | $70,966,980 | $22,510,782 |
Lycee International De Boston International School Of Boston Inc Cambridge, MA | $37,411,967 | $19,857,918 |
Speyer Legacy School New York, NY | $16,160,814 | $25,812,126 |
Fenn School Inc Concord, MA | $99,819,486 | $20,241,981 |
Amistad Academy Inc New Haven, CT | $35,461,697 | $16,961,980 |
Foote School Association Inc New Haven, CT | $45,302,394 | $17,181,198 |
Rumsey Hall School Incorporated Washington Depot, CT | $67,305,104 | $16,603,122 |
Eugenio Maria De Hostos Charter School Rochester, NY | $9,947,408 | $17,341,158 |
Buckley Country Day School Roslyn, NY | $25,298,235 | $15,722,484 |
Dedham Country Day School Dedham, MA | $40,544,639 | $16,952,187 |
Big Apple Institute Inc Brooklyn, NY | $4,985,995 | $17,005,118 |
Shore Country Day School Beverly, MA | $51,799,692 | $17,689,477 |