Lawrence Woodmere Academy
- Assets
- $4.0m
- Revenue
- $12.3m
- Investments
- $0.0
- Employees
- 152
- Location
- Woodmere, NY
- Founding
- 01/1992
- Data as of
- 06/2023
- EIN
- 11-3028408
Organization Overview
Lawrence Woodmere Academy is located in Woodmere, NY. The organization was established in 1992. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. As of 06/2023, Lawrence Woodmere Academy employed 152 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lawrence Woodmere Academy 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 06/2023, Lawrence Woodmere Academy generated $12.3m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.4% each year. All expenses for the organization totaled $8.0m during the year ending 06/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
LAWRENCE WOODMERE ACADEMY IS A PREMIER COLLEGE PREPARATORY SCHOOL FOR STUDENTS, FAMILIES AND EDUCATORS WHO EMBRACE A QUALITY EDUCATION AND A COMMITMENT IN AN ENVIRONMENT THAT VALUES WISDOM AND NURTURES PERSONAL, COMMUNITY AND GLOBAL RESPONSIBILITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
REGULAR SCHOOL PROGRAM - SEPTEMBER-JUNE
SUMMER CAMP PROGRAM
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brian O'connell Head Of School | 40 | $238,309 | |
Stephen Ostroff Director | 40 | $121,000 | |
Susan Lettieri Dir. Of Global Ed | 40 | $111,000 | |
Hank Williams Head Of School | 40 | $103,500 | |
Mary Barton Associate Head Of School | 40 | $68,500 | |
Everett Hopkins Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $851,676 |
| All other contributions, gifts, grants, and similar amounts not included above | $102,068 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $953,744 |
| Total Program Service Revenue | $4,633,348 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $6,685,643 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $12,347,108 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $807,844 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $642,309 |
| Compensation of current officers, directors, key employees. | $229,584 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,852,781 |
| Pension plan accruals and contributions | $41,886 |
| Other employee benefits | $183,300 |
| Payroll taxes | $288,190 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $36,581 |
| Fees for services: Accounting | $47,817 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $123,658 |
| Advertising and promotion | $39,070 |
| Office expenses | $19,086 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $956,779 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $369,308 |
| Insurance | $269,025 |
| All other expenses | $48,058 |
| Total functional expenses | $7,981,339 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,802,022 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $140,969 |
| 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 | $140,390 |
| Net Land, buildings, and equipment | $874,391 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $75,772 |
| Total assets | $4,033,544 |
| Accounts payable and accrued expenses | $377,617 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $5,597,600 |
| Unsecured mortgages and notes payable | $200,000 |
| Other liabilities | $713,993 |
| Total liabilities | $6,889,210 |
| Net assets without donor restrictions | -$2,855,666 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $4,033,544 |