Kewforest School Inc
- Assets
- $21.2m
- Revenue
- $30.9m
- Investments
- $0.0
- Employees
- 108
- Location
- Forest Hills, NY
- Founding
- 04/1973
- Data as of
- 06/2022
- EIN
- 11-1666834
Organization Overview
Kewforest School Inc is located in Forest Hills, NY. The organization was established in 1973. 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, Kewforest School Inc employed 108 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kewforest 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 06/2022, Kewforest School Inc generated $30.9m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 17.7% each year . All expenses for the organization totaled $12.4m during the year ending 06/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE KEW-FOREST SCHOOL IS AN INDEPENDENT,CO-EDUCATIONAL COLLEGE PREPARATORY SCHOOL FOR STUDENTS IN GRADES PRE-K THROUGH 12. KEW FOREST'S MISSION IS TO PROVIDE AN ACADEMICALLY CHALLENGING COLLEGE-PREPARATORY EDUCATION TO A CULTURALLY DIVERSE COMMUNITY IN A STRUCTURED CARING ENVIRONMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE KEW-FOREST IS AN INDEPENDENT, CO-EDUCATIONAL, COLLEGE PREPARATORY SCHOOL FOR STUDENTS IN GRADES NURSERY-12. KEW-FOREST'S MISSION IS TO "PROVIDE AN ACADEMICALLY CHALLENGING COLLEGE-PREPARATORY EDUCATION TO A CULTURALLY DIVERSE COMMUNITY IN A STRUCTURED CARING ENVIRONMENT".
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Herbert M Chain Treasurer | OfficerTrustee | 5 | $0 |
Robert Lin Trustee | Trustee | 5 | $0 |
Christine O'brien Trustee | Trustee | 5 | $0 |
Gregory Matalon Vice Chair | OfficerTrustee | 5 | $0 |
Lauren Stransky Trustee | Trustee | 5 | $0 |
Edward Remache Business Manager | Officer | 40 | $156,500 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Cater 2u Food Service | 6/29/22 | $202,563 |
Capell Barnett Matalon Legal Service | 6/29/22 | $170,017 |
Preferred Catering Llc Food Service | 6/29/22 | $230,778 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,456,829 |
| All other contributions, gifts, grants, and similar amounts not included above | $175,400 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,632,229 |
| Total Program Service Revenue | $9,104,350 |
| Investment income | $565 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $23,350 |
| Net Gain/Loss on Asset Sales | $19,167,017 |
| Net Income from Fundraising Events | $3,512 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $30,931,023 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $3,621,151 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $484,447 |
| Compensation of current officers, directors, key employees. | $484,447 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,052,259 |
| Pension plan accruals and contributions | $114,169 |
| Other employee benefits | $419,163 |
| Payroll taxes | $364,836 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $34,235 |
| Fees for services: Accounting | $16,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $34,869 |
| Advertising and promotion | $0 |
| Office expenses | $35,140 |
| Information technology | $64,376 |
| Royalties | $0 |
| Occupancy | $309,640 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $306,875 |
| Insurance | $138,253 |
| All other expenses | $0 |
| Total functional expenses | $12,369,856 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $637,959 |
| Savings and temporary cash investments | $16,553,775 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $76,815 |
| 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 | $11,868 |
| Net Land, buildings, and equipment | $2,350,525 |
| Investments—publicly traded securities | $234,010 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,339,133 |
| Total assets | $21,204,085 |
| Accounts payable and accrued expenses | $870,281 |
| Grants payable | $0 |
| Deferred revenue | $1,929,222 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $247,057 |
| Secured mortgages and notes payable | $196,308 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $3,242,868 |
| Net assets without donor restrictions | $17,362,071 |
| Net assets with donor restrictions | $599,146 |
| 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 | $21,204,085 |