Knox School
- Assets
- $5.1m
- Revenue
- $5.1m
- Investments
- $0.0
- Employees
- 78
- Location
- St James, NY
- Founding
- 01/1955
- Data as of
- 06/2022
- EIN
- 11-1743680
Organization Overview
Knox School is located in St James, NY. The organization was established in 1955. According to its NTEE Classification (B25) the organization is classified as: Secondary & High Schools, under the broad grouping of Education and related organizations. As of 06/2022, Knox School employed 78 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Knox 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, Knox School generated $5.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.9%) each year. All expenses for the organization totaled $7.6m during the year ending 06/2022. 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
TO PROVIDE THE OPPORTUNITY FOR CAPABLE STUDENTS TO EXCEL WITHIN A LIBERAL ARTS PROGRAM INFUSED WITH ARTISTIC AND ATHLETIC PURSUIT IN PREPARATION FOR A HIGHER EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SERVING 119 STUDENTS IN A COLLEGE PREPARATORY CURRICULUM OVER TWO SEMESTERS. FACULTY AND STAFF OF 53 FULL AND PART TIME.
AUXILIARY SERVICES CONSISTS OF AN EQUESTRIAN PROGRAM, BOOST PROGRAM AND TRANSPORTATION. THE EQUESTRIAN PROGRAM SERVES BETWEEN 15-18 STUDENTS WHO COMPETE IN 5-6 COMPETITIONS EACH YEAR. THE KNOX SCHOOL ALSO OFFERS A WEEKEND PROGRAM TO LOCAL CHILDREN AND OFFERS PRIVATE LESSONS. THE BOOST DEPARTMENT OFFERS PROGRAMS AND SUPPORT SERVICES DESIGNED TO PROVIDE CAPABLE, COLLEGE-BOUND STUDENTS WITH THE FOUNDATION AND SKILLS NECESSARY TO DEVELOP THEIR ABILITIES AND TO REACH THEIR PERSONAL GOALS FOR ACADEMIC ACHIEVEMENT AND COLLEGE ADMISSION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Virginia Riccardi Head Of School | Trustee | 40 | $120,000 |
James North Director Of Equestrian Programs | 40 | $115,000 | |
Denise Gehring Controller/business Manager | 40 | $105,000 | |
Ellen Benedetto Alumni Pres | OfficerTrustee | 1 | $0 |
Pamela Cullington-Hinrichs Secretary | OfficerTrustee | 1 | $0 |
Anita Edwards Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $752,447 |
| All other contributions, gifts, grants, and similar amounts not included above | $44,128 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $796,575 |
| Total Program Service Revenue | $4,233,547 |
| Investment income | $407 |
| 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 | $5,085,692 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,091,680 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $340,000 |
| Compensation of current officers, directors, key employees. | $68,159 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,462,073 |
| Pension plan accruals and contributions | $27,900 |
| Other employee benefits | $91,033 |
| Payroll taxes | $199,773 |
| Fees for services: Management | $344,350 |
| Fees for services: Legal | $60,941 |
| Fees for services: Accounting | $99,634 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $10,671 |
| Advertising and promotion | $83,985 |
| Office expenses | $52,720 |
| Information technology | $92,323 |
| Royalties | $0 |
| Occupancy | $495,197 |
| Travel | $21,404 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $33,465 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $260,401 |
| Insurance | $292,872 |
| All other expenses | $427,742 |
| Total functional expenses | $7,631,003 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,370,322 |
| Savings and temporary cash investments | $1,063,218 |
| Pledges and grants receivable | $20,000 |
| Accounts receivable, net | $71,688 |
| 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 | $65,277 |
| Net Land, buildings, and equipment | $2,510,375 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $18,150 |
| Total assets | $5,119,030 |
| Accounts payable and accrued expenses | $861,302 |
| Grants payable | $0 |
| Deferred revenue | $2,269,531 |
| 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 | $10,500,000 |
| Unsecured mortgages and notes payable | $933,420 |
| Other liabilities | $0 |
| Total liabilities | $14,564,253 |
| Net assets without donor restrictions | -$10,394,447 |
| Net assets with donor restrictions | $949,224 |
| 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 | $5,119,030 |