Packer Collegiate Institute is located in Brooklyn, NY. The organization was established in 1938. 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, Packer Collegiate Institute employed 451 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Packer Collegiate Institute 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, Packer Collegiate Institute generated $70.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.8% each year. All expenses for the organization totaled $55.9m during the year ending 06/2021. While expenses have increased by 2.9% per year over the past 7 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
NOW IN ITS 174TH YEAR IN HISTORIC BROOKLYN HEIGHTS, PACKER IS EXCEPTIONALLY PROUD OF THE OUTSTANDING EDUCATION WE OFFER TO CHILDREN FROM THREE YEARS OF AGE THROUGH SENIOR HIGH SCHOOL IN A BEAUTIFUL PHYSICAL PLANT WITH UP-TO-DATE FACILITIES. IN ADDITION, PACKER HAS BECOME THE SCHOOL OF CHOICE FOR SO MANY FAMILIES IN BROOKLYN AND MANHATTAN PRIMARILY BECAUSE OF ITS EXTRAORDINARY FACULTY OF TALENTED MEN AND WOMEN WHO BRING A WEALTH OF EXPERTISE INTO THE CLASSROOM, ALONG WITH A REAL LOVE OF YOUNG PEOPLE. IT IS A TRULY CARING COMMUNITY WHERE ADULTS MODEL FOR STUDENTS THE ATTRIBUTES WE PRIZE - KINDNESS, HONOR, INTELLIGENCE, INCLUSIVENESS, AND DIVERSITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
INSTRUCTIONAL & EDUCATION - FROM PRESCHOOL TO HIGH SCHOOL, PACKER PROVIDED EDUCATION TO ABOUT 1,000 STUDENTS IN FY 21-22. PACKER IS PROUD OF THE OUTSTANDING EDUCATION WE OFFER TO OUR STUDENTS. OUR LOWER SCHOOL STRESSES THE FUNDAMENTALS OF LITERACY AND MATHEMATICS IN A JOYFUL, STUDENT-FOCUSED ENVIRONMENT, WITH AMPLE TIME BUILT IN FOR SOCIAL STUDIES, SCIENCE, ART, MUSIC, LIBRARY STUDIES, DANCE, AND PHYSICAL EDUCATION. OUR LOWER SCHOOL CLASSROOMS EACH HAVE IN-CLASS LIBRARIES, CURRENT CURRICULAR MATERIALS, MODERN TECHNOLOGY, WONDERFULLY TRAINED AND EXPERIENCED HEAD AND ASSOCIATE TEACHERS. STARTING IN THE MIDDLE SCHOOL, PACKER STUDENTS PARTICIPATE IN A SCHOOL-WIDE LAPTOP PROGRAM, WITH EACH YOUNGSTER UTILIZING HIS OR HER OWN COMPUTER, WORKING IN CLASSROOMS EQUIPPED WITH SMART BOARDS AND OTHER MULTI-MEDIA, SO THAT TECHNOLOGY IS TRULY INTEGRATED AS A DAILY PART OF EVERYONE'S EDUCATION. MOST PACKER STUDENTS BEGIN TO LEARN A FOREIGN LANGUAGE IN GRADE 6 AND CONTINUE THEIR STUDIES THROUGH UPPER SCHOOL. IN THE UPPER SCHOOL, STUDENTS ENCOUNTER A RIGOROUS AND EXCITING PROGRAM OF REQUIRED AND ELECTIVE OFFERINGS THAT ENABLE THEM TO PURSUE PARTICULAR STRENGTH AND TALENTS. MODERN SCIENCE LABORATORIES, GYMNASIUM, A THEATER, AND ART, DANCE AND MUSIC STUDIOS SERVE AS IDEAL VENUES FOR BEGINNING AND ADVANCED STUDY IN THESE AREAS. OPPORTUNITIES ALSO ABOUND FOR YOUNG MEN AND WOMEN TO PARTICIPATE IN COMPETITIVE INTERSCHOLASTIC ATHLETICS AT BOTH THE VARSITY AND JUNIOR VARSITY LEVELS.
FINANCIAL AID: PACKER IS DEEPLY COMMITTED TO MAKING A PACKER EDUCATION A VIABLE OPTION FOR ALL ELIGIBLE STUDENTS. PACKER OFFERS FINANCIAL AID TO ENROLL HIGHLY QUALIFIED STUDENTS WHO COULD NOT OTHERWISE AFFORD TO ATTEND. DURING FISCAL YEAR 21-22, PACKER PROVIDED FINANCIAL AID TO ABOUT 25% OF ITS STUDENT BODY.
AUXILIARY PROGRAMS: PACKER PLUS PROVIDES A RICH ARRAY OF AFTER SCHOOL OFFERINGS, FROM PLAYGROUP, ROBOTICS, SPORTS, FOREIGN LANGUAGE, AND CHESS, FOR LOWER AND MIDDLE SCHOOL STUDENTS. IN THE SUMMER PERIOD, PACKER ALSO PROVIDES CAMP FOR 4-12 YEAR-OLDS AND COUNSELOR IN TRAINING FOR 13 AND 14 YEAR-OLDS. THE CAMP AND COUNSELOR IN TRAINING PROGRAMS ARE OPEN TO NON-PACKER STUDENTS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Jennifer Weyburn Head Of School | OfficerTrustee | 40 | $621,581 |
Ohsang Kwon Chair | OfficerTrustee | 1 | $0 |
Megan Sheetz Vice Chair | OfficerTrustee | 1 | $0 |
Jamillah Hoy-Rosas Vice Chair | OfficerTrustee | 1 | $0 |
Steven Fineman Officer At Large | OfficerTrustee | 1 | $0 |
Marnie Brooke Worth Officer At Large | OfficerTrustee | 1 | $0 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Ald Management Services Inc Construction | 6/29/22 | $658,783 |
Kellermeyer Bergensons Services Llc Cleaning | 6/29/22 | $471,658 |
React Technical Inc Mechanical Contractor | 6/29/22 | $291,079 |
Integrated Security Services Inc Security | 6/29/22 | $396,616 |
Mirimus Inc Covid-19 Testing | 6/29/22 | $282,629 |
Statement of Revenue | |
---|---|
Total Revenue from Contributions, Gifts, Grants & Similar | $11,991,536 |
Investment income | $312,377 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $2,138,717 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $5,376 |
Miscellaneous Revenue | $0 |
Total Revenue | $70,028,029 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic individuals. | $11,031,160 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $3,168,581 |
Compensation to disqualified persons | $13,535 |
Other salaries and wages | $22,873,146 |
Pension plan accruals and contributions | $1,560,586 |
Other employee benefits | $2,873,970 |
Payroll taxes | $1,992,695 |
Fees for services: Management | $0 |
Fees for services: Legal | $103,552 |
Fees for services: Accounting | $80,443 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $336,440 |
Fees for services: Other | $429,244 |
Advertising and promotion | $69,380 |
Office expenses | $2,538,847 |
Information technology | $437,543 |
Royalties | $0 |
Occupancy | $678,242 |
Travel | $13,456 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $116,644 |
Interest | $954,129 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $4,685,421 |
Insurance | $469,477 |
All other expenses | $0 |
Total functional expenses | $55,902,981 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $22,550,181 |
Savings and temporary cash investments | $31,340,236 |
Pledges and grants receivable | $2,355,573 |
Accounts receivable, net | $88,199 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $14,547 |
Prepaid expenses and deferred charges | $609,001 |
Investments—publicly traded securities | $1,574,627 |
Investments—other securities | $60,676,387 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $176,388,503 |
Accounts payable and accrued expenses | $5,162,748 |
Grants payable | $0 |
Deferred revenue | $17,861,044 |
Tax-exempt bond liabilities | $20,711,526 |
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 | $5,600,710 |
Total liabilities | $49,336,028 |
Net assets without donor restrictions | $0 |
Net assets with donor restrictions | $0 |
Capital stock or trust principal, or current funds | $0 |
Paid-in or capital surplus, or land, building, or equipment fund | $0 |
Total liabilities and net assets/fund balances | $127,052,475 |