Vincent Smith School
- Assets
- $4.4m
- Revenue
- $4.1m
- Investments
- $0.0
- Employees
- 52
- Location
- Port Washington, NY
- Founding
- 11/1937
- Data as of
- 06/2022
- EIN
- 11-1646301
Organization Overview
Vincent Smith School is located in Port Washington, NY. The organization was established in 1937. 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 06/2022, Vincent Smith School employed 52 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Vincent Smith School 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, Vincent Smith School generated $4.1m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.0% each year . All expenses for the organization totaled $3.0m during the year ending 06/2022. While expenses have increased by 4.8% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE VINCENT SMITH SCHOOL IS A CO-ED, INDEPENDENT, SPECIAL EDUCATION SCHOOL FOR GRADES ONES THROUGH TWELVE, SERVING NASSAU, SUFFOLK, AND NEW YORK CITY STUDENTS. THE SCHOOL SPECIALIZES IN STUDENTS WITH VARIOUS LEARNING ISSUES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE VINCENT SMITH SCHOOL IS A CO-ED INDEPENDENT, SPECIAL EDUCAITON SCHOOL FOR GRADES ONE THROUGH TWELVE SPECIALIZING IN STUDENTS WITH VARIOUS LEARNING ISSUES SUCH AS ANXIETY, AD/HD, DYSLEXIA, AUDITORY & LANGUAGE PROCESSING DISORDERS, OR SCHOOL AVOIDANCE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Andrea Carlsen Trustee | Trustee | 1 | $0 |
Dr Peter Lewis Treasurer | OfficerTrustee | 1 | $0 |
Lauren Rothchild Trustee | Trustee | 1 | $0 |
Stacy Grim Chairperson | OfficerTrustee | 1 | $0 |
John Baldi Headmaster | Officer | 40 | $189,594 |
Dr Lauren Schwartz Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $403,806 |
| All other contributions, gifts, grants, and similar amounts not included above | $60,082 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $463,888 |
| Total Program Service Revenue | $3,558,931 |
| Investment income | $3,501 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,061,995 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $2,102,149 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $220,165 |
| Payroll taxes | $165,373 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $5,404 |
| Fees for services: Accounting | $11,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $3,605 |
| Office expenses | $26,739 |
| Information technology | $14,854 |
| Royalties | $0 |
| Occupancy | $163,269 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $36,715 |
| Interest | $36,149 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $32,351 |
| Insurance | $42,208 |
| All other expenses | $171,241 |
| Total functional expenses | $3,031,722 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $98,943 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,321,910 |
| 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 | $59,600 |
| Net Land, buildings, and equipment | $469,656 |
| Investments—publicly traded securities | $1,439,024 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $35,681 |
| Total assets | $4,424,814 |
| Accounts payable and accrued expenses | $222,035 |
| Grants payable | $0 |
| Deferred revenue | $27,693 |
| 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 | $693,725 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $23,573 |
| Total liabilities | $967,026 |
| Net assets without donor restrictions | $3,304,292 |
| Net assets with donor restrictions | $153,496 |
| 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 | $4,424,814 |