King School Incorporated
- Assets
- $109.8m
- Revenue
- $41.2m
- Investments
- $11.2m
- Employees
- 347
- Location
- Stamford, CT
- Founding
- 07/1989
- Data as of
- 06/2022
- 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 06/2022, King School Incorporated employed 347 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 06/2022, King School Incorporated generated $41.2m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 5.0% each year. All expenses for the organization totaled $38.0m during the year ending 06/2022. While expenses have increased by 3.5% 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
2022
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 (thru 06/2021) | Officer | 40 | $400,327 |
Stephen Schafer Chief Financial And Operating Officer | Officer | 40 | $337,713 |
Carol Maoz Head Of School (as Of 07/2021) | Officer | 40 | $203,808 |
Kimberly Leeker Assoc. Head Of Finance (thru 08/2021) | Officer | 40 | $297,771 |
Sandy Lizaire-Duff Head Of Lower School | 40 | $196,584 | |
Micah Hauben Dean Of Athletics | 40 | $160,222 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Sodexo Inc & Affiliates Facilities Maintenance | 6/29/22 | $1,308,828 |
Flik Independent Schools By Chartwell Food Services | 6/29/22 | $942,800 |
Sprinturf Llc Construction | 6/29/22 | $508,860 |
Asd Construction Construction | 6/29/22 | $359,063 |
Lwv Advisors Investment Advisors | 6/29/22 | $170,663 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $469,480 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,271,331 |
| Noncash contributions included in lines 1a–1f | $298,406 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,740,811 |
| Total Program Service Revenue | $33,649,645 |
| Investment income | $926,602 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $17,476 |
| Net Gain/Loss on Asset Sales | $3,714,685 |
| Net Income from Fundraising Events | -$112,247 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $41,177,332 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $4,399,564 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,300,825 |
| Compensation of current officers, directors, key employees. | $1,300,825 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $15,021,946 |
| Pension plan accruals and contributions | $763,191 |
| Other employee benefits | $3,968,738 |
| Payroll taxes | $1,054,525 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $53,429 |
| Fees for services: Accounting | $185,131 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $184,268 |
| Fees for services: Other | $302,195 |
| Advertising and promotion | $836,801 |
| Office expenses | $0 |
| Information technology | $880,194 |
| Royalties | $0 |
| Occupancy | $2,594,766 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $137,020 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,997,150 |
| Insurance | $438,489 |
| All other expenses | $0 |
| Total functional expenses | $38,035,287 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,383,772 |
| Savings and temporary cash investments | $9,477,504 |
| Pledges and grants receivable | $1,210,340 |
| Accounts receivable, net | $21,728,148 |
| 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 | $415,618 |
| Net Land, buildings, and equipment | $34,682,074 |
| Investments—publicly traded securities | $27,597,406 |
| Investments—other securities | $11,203,087 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,129,655 |
| Total assets | $109,827,604 |
| Accounts payable and accrued expenses | $4,758,911 |
| Grants payable | $0 |
| Deferred revenue | $28,257,849 |
| Tax-exempt bond liabilities | $5,759,996 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $38,776,756 |
| Net assets without donor restrictions | $63,921,857 |
| Net assets with donor restrictions | $7,128,991 |
| 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 | $109,827,604 |