Pta Of Ps 261k
- Assets
- $252.5k
- Revenue
- $926.0k
- Investments
- $0.0
- Employees
- 51
- Location
- Brooklyn, NY
- Founding
- 12/1995
- Data as of
- 06/2022
- EIN
- 11-3134458
Organization Overview
Pta Of Ps 261k is located in Brooklyn, NY. The organization was established in 1995. According to its NTEE Classification (B94) the organization is classified as: Parent & Teacher Groups, under the broad grouping of Education and related organizations. As of 06/2022, Pta Of Ps 261k employed 51 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Pta Of Ps 261k 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, Pta Of Ps 261k generated $926.0k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.7% each year. All expenses for the organization totaled $839.4k 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
PTA OF P.S. 261 PROVIDES A HIGH QUALITY, AFFORDABLE AND DIVERSE AFTER SCHOOL PROGRAM FOR ALL PARTICIPATING CHILDREN, FEATURING AN ARRAY OF AGE APPROPRIATE PROGRAM OPTIONS THAT REFLECT CHILDREN'S INTEREST.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE SCHOOL HAS RUN AN AFTER SCHOOL PROGRAM WHICH PROVIDES ENRICHMENT AND EXTRACURRICULAR ACTIVITIES FOR ALL CHILDREN WHILE PARENTS ARE WORKING.
CLASSROOM EXPENSES: SUPPLY TEACHING MATERIALS, ENRICHMENT PROGRAMS, AND FIELD TRIPS WHICH SUPPORTS EDUCATIONAL PROCESS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Elizabeth Jacobs Co-Chair | Officer | 10 | $0 |
Luke Bergamini Treasurer | Officer | 2 | $0 |
Nancy Nayar Co-Chair | Officer | 10 | $0 |
Supriya Doshi President | Officer | 10 | $0 |
Michael Grassoti Treasurer | Officer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $143,232 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $143,232 |
| Total Program Service Revenue | $711,703 |
| Investment income | $2 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $58,866 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$7,847 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $925,956 |
| 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 | $0 |
| Other salaries and wages | $493,519 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $64,536 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,300 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $3,386 |
| 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 | $1,618 |
| Interest | $2,341 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $15,059 |
| Insurance | $22,908 |
| All other expenses | $92,725 |
| Total functional expenses | $839,390 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $182,857 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $28,805 |
| Net Land, buildings, and equipment | $40,824 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $252,486 |
| Accounts payable and accrued expenses | $4,800 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $4,800 |
| Net assets without donor restrictions | $247,686 |
| 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 | $252,486 |