Bay Ridge Preparatory School
- Assets
- $20.6m
- Revenue
- $17.5m
- Investments
- $0.0
- Employees
- 126
- Location
- Brooklyn, NY
- Founding
- 07/1999
- Data as of
- 08/2021
- EIN
- 11-3444169
Organization Overview
Bay Ridge Preparatory School is located in Brooklyn, NY. The organization was established in 1999. According to its NTEE Classification (B20) the organization is classified as: Elementary & Secondary Schools, under the broad grouping of Education and related organizations. As of 08/2021, Bay Ridge Preparatory School employed 126 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bay Ridge Preparatory 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 08/2021, Bay Ridge Preparatory School generated $17.5m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.2% each year. All expenses for the organization totaled $15.5m during the year ending 08/2021. While expenses have increased by 3.7% per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
KINDERGARTEN THROUGH GRADE 12 PRIVATE SCHOOL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATIONAL INSTRUCTION FOR 371 STUDENTS. PROGRAMS INCLUDE A FULL ARRAY OF ACADEMIC, ATHLETIC, ARTS AND EXTRA-CURRICULAR STUDENT ACTIVITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Dealy Head Of School | Officer | 40 | $327,232 |
Charles Fasano Head Of School | Officer | 40 | $320,620 |
John Kugler Bridge Program Dir. | 40 | $170,814 | |
Sabina Clifford Business Manager | 40 | $169,690 | |
Julie Mayring Director Of The Middle Sch | 40 | $149,061 | |
Chris Nuesell Director Of Guidance | 40 | $144,747 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Rockafella Cleaning Service Inc Cleaning | 8/30/20 | $146,226 |
Austin And Company Inc Insurance | 8/30/20 | $184,957 |
Deville Bus Company Inc Transportation | 8/30/20 | $130,500 |
Austin And Company Inc Insurance | 8/30/20 | $184,957 |
Rockafella Cleaning Service Inc Cleaning | 8/30/20 | $146,226 |
Deville Bus Company Inc Transportation | 8/30/20 | $130,500 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $74,909 |
| Related organizations | $0 |
| Government grants | $2,183,430 |
| All other contributions, gifts, grants, and similar amounts not included above | $81,660 |
| Noncash contributions included in lines 1a–1f | $42,942 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,339,999 |
| Total Program Service Revenue | $14,652,432 |
| Investment income | $4,574 |
| 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 | $17,526,209 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,331,743 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $925,808 |
| Compensation of current officers, directors, key employees. | $462,904 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $7,741,063 |
| Pension plan accruals and contributions | $544,361 |
| Other employee benefits | $1,823,222 |
| Payroll taxes | $643,955 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $59,250 |
| Fees for services: Accounting | $45,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $62,887 |
| Advertising and promotion | $15,951 |
| Office expenses | $0 |
| Information technology | $197,917 |
| Royalties | $0 |
| Occupancy | $450,695 |
| Travel | $1,230 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $10,989 |
| Interest | $98,085 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $164,070 |
| Insurance | $178,614 |
| All other expenses | $610,998 |
| Total functional expenses | $15,509,030 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $11,112,482 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,971,793 |
| 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 | $151,528 |
| Net Land, buildings, and equipment | $6,501,205 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $883,240 |
| Total assets | $20,620,248 |
| Accounts payable and accrued expenses | $109,962 |
| Grants payable | $0 |
| Deferred revenue | $5,753,903 |
| 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 | $2,399,065 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $134,429 |
| Total liabilities | $8,397,359 |
| Net assets without donor restrictions | $11,595,377 |
| Net assets with donor restrictions | $627,512 |
| 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 | $20,620,248 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Bay Ridge Preparatory School has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
Michael Gordon Foundation Inc New York, NY PURPOSE: TO ACHIEVE CHARITABLE PURPOSE | $10,000 |
Endowment Analysis
| Beg. Balance | $620,419 |
| Net Contributions | $7,093 |
| Ending Balance | $627,512 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Rye Country Day School Rye, NY | $168,719,071 | $53,917,933 |
Pennsylvania Leadership Charter Schools West Chester, PA | $90,879,263 | $65,797,836 |
The Public School Of Germantown Fort Washington, PA | $151,608,543 | $52,601,237 |
Peddie School Hightstown, NJ | $613,419,387 | $58,126,453 |
William Penn Charter School Inc Philadelphia, PA | $232,730,859 | $59,443,641 |
Trevor Day School New York, NY | $179,718,336 | $48,695,331 |
International College-Beirut Lebanon New York, NY | $209,567,353 | $51,574,911 |
Montclair Kimberly Academy Foundation Montclair, NJ | $86,504,754 | $51,589,426 |
Princeton Day School Inc Princeton, NJ | $166,237,830 | $58,529,058 |
Nightingale-Bamford School New York, NY | $159,201,980 | $40,384,072 |
Masters School Dobbs Ferry, NY | $186,890,779 | $50,762,923 |
Shady Side Academy Pittsburgh, PA | $133,159,735 | $43,966,956 |