King School Incorporated
- Assets
- $114.1m
- Revenue
- $37.3m
- Investments
- $8.5m
- Employees
- 317
- Location
- Stamford, CT
- Founding
- 07/1989
- Data as of
- 06/2021
- EIN
- 06-1229222
Organization Overview
King School Incorporated is located in Stamford, CT. The organization was established in 1989. According to its NTEE Classification (B20) the organization is classified as: Elementary & Secondary Schools, under the broad grouping of Education and related organizations. As of 06/2021, King School Incorporated employed 317 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. King School Incorporated 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, King School Incorporated generated $37.3m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.5% each year. All expenses for the organization totaled $36.7m during the year ending 06/2021. While expenses have increased by 4.1% 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
KING SCHOOL, INC. IS AN INDEPENDENT, COLLEGE PREPARATORY SCHOOL SERVING THE STAMFORD, CT AREA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED COLLEGE PREPARATORY EDUCATION FOR APPROXIMATELY 700 CHILDREN AGES PRE-SCHOOL THROUGH GRADE 12. EDUCATIONAL PROGRAMS INCLUDE BOTH TRADITIONAL ACADEMIC YEAR AS WELL AS SUMMER PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Karen Eshoo Head Of School (until 06/21) | Officer | 40 | $471,480 |
Kimberly Leeker Assoc. Head Of Finance (until 12/20) | Officer | 40 | $366,075 |
Marnie Sadlowski Assoc. Head/head Of Upper | 40 | $207,098 | |
Janine Newman Director Of Admission | 40 | $176,116 | |
Rebecca Rabassa Chair Of Counseling Dept. | 40 | $172,537 | |
Lauren Fredette Director Of Development | 40 | $168,421 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Flik Independent Schools By Chartwell Food Services | 6/29/21 | $714,039 |
Clark Companies Construction | 6/29/21 | $3,720,785 |
Sodexo Inc & Affiliates Facilities Maintenance | 6/29/21 | $1,272,694 |
Jackson Lewis Pc Legal Services | 6/29/21 | $245,557 |
Hi-link Computer Corp Technology Services | 6/29/21 | $211,375 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $141,634 |
| Related organizations | $0 |
| Government grants | $629,260 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,458,127 |
| Noncash contributions included in lines 1a–1f | $1,117,798 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,229,021 |
| Total Program Service Revenue | $32,444,093 |
| Investment income | $376,198 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $18,000 |
| Net Gain/Loss on Asset Sales | -$2,911 |
| Net Income from Fundraising Events | -$401 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $37,308,932 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $4,251,470 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,309,642 |
| Compensation of current officers, directors, key employees. | $1,309,642 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $14,987,195 |
| Pension plan accruals and contributions | $739,777 |
| Other employee benefits | $3,337,709 |
| Payroll taxes | $1,023,478 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $284,573 |
| Fees for services: Accounting | $136,625 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $169,000 |
| Fees for services: Other | $524,969 |
| Advertising and promotion | $657,270 |
| Office expenses | $0 |
| Information technology | $681,683 |
| Royalties | $0 |
| Occupancy | $2,552,107 |
| Travel | $15,789 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $148,912 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,904,445 |
| Insurance | $412,008 |
| All other expenses | $101,271 |
| Total functional expenses | $36,739,521 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,218,123 |
| Savings and temporary cash investments | $10,493,682 |
| Pledges and grants receivable | $2,077,023 |
| Accounts receivable, net | $20,610,995 |
| 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 | $656,962 |
| Net Land, buildings, and equipment | $34,883,430 |
| Investments—publicly traded securities | $32,451,375 |
| Investments—other securities | $8,519,903 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,152,853 |
| Total assets | $114,064,346 |
| Accounts payable and accrued expenses | $4,041,543 |
| Grants payable | $0 |
| Deferred revenue | $27,263,844 |
| Tax-exempt bond liabilities | $6,154,996 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $448,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $37,908,383 |
| Net assets without donor restrictions | $68,554,341 |
| Net assets with donor restrictions | $7,601,622 |
| 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 | $114,064,346 |
Grants Recieved
Over the last fiscal year, we have identified 13 grants that King School Incorporated has recieved totaling $233,002.
| Awarding Organization | Amount |
|---|---|
T Rowe Price Program For Charitable Giving Inc Baltimore, MD PURPOSE: SPECIAL PROJECT | $60,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $56,600 |
Goldman Sachs Charitable Gift Fund New York, NY PURPOSE: SCHOLARSHIPS & FINANCIAL AID | $40,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $25,313 |
Morgan Stanley Global Impact Funding Trust Inc Indianapolis, IN PURPOSE: UNRESTRICTED GENERAL SUPPORT | $22,000 |
Ayco Charitable Foundation Cohoes, NY PURPOSE: EDUCATION | $12,500 |
Endowment Analysis
| Beg. Balance | $30,308,340 |
| Earnings | $7,249,529 |
| Admin Expense | $77 |
| Net Contributions | $4,968,779 |
| Other Expense | $261,086 |
| Grants | $103,392 |
| Ending Balance | $42,162,093 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Horace Mann School Bronx, NY | $475,824,158 | $137,244,948 |
Ethical Culture Fieldston School New York, NY | $252,651,487 | $107,394,843 |
Dalton Schools Inc New York, NY | $268,184,018 | $87,154,384 |
Milton Academy Milton, MA | $512,730,465 | $105,004,685 |
Riverdale Country School Inc Bronx, NY | $247,467,239 | $82,826,277 |
Trinity Episcopal Schools Corporation New York, NY | $265,614,292 | $76,873,691 |
United Nations International School New York, NY | $95,948,249 | $80,239,931 |
Columbia Grammar & Preparatory School New York, NY | $126,207,367 | $82,489,526 |
Poly Prep Country Day School Brooklyn, NY | $174,200,532 | $76,376,518 |
Saint Anns School Brooklyn, NY | $162,069,731 | $73,475,158 |
Spence School New York, NY | $416,454,517 | $72,977,566 |
Brunswick School Inc Greenwich, CT | $416,319,503 | $63,510,846 |