Trey Whitfield School
- Assets
- $4.6m
- Revenue
- $3.5m
- Investments
- $0.0
- Employees
- 39
- Location
- Brooklyn, NY
- Founding
- 04/2001
- Data as of
- 08/2021
- EIN
- 11-3577637
Organization Overview
Trey Whitfield School is located in Brooklyn, NY. The organization was established in 2001. 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 08/2021, Trey Whitfield School employed 39 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Trey Whitfield 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, Trey Whitfield School generated $3.5m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 6.4% each year. All expenses for the organization totaled $3.1m during the year ending 08/2021. While expenses have increased by 0.9% 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
TO PROVIDE AFFORDABLE AND ACCESSIBLE EDUCATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
INSTRUCTIONAL ACTIVITIES
STUDENT ACTIVITIES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ab Whitfield COO | 40 | $206,750 | |
Janie C Whitney CEO | Officer | 40 | $91,530 |
Gillian Lakhan Forbes Secretary | Officer | 2 | $0 |
Ken Jacoby Treasurer | Officer | 2 | $0 |
Derek Mcneil Chairman | Officer | 2 | $0 |
Guy Metcalf Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,299,269 |
| All other contributions, gifts, grants, and similar amounts not included above | $622,808 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,922,077 |
| Total Program Service Revenue | $1,223,060 |
| Investment income | $8,480 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $380,000 |
| 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 | $3,543,449 |
| 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. | $298,280 |
| Compensation of current officers, directors, key employees. | $29,878 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,287,942 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $75,029 |
| Payroll taxes | $137,275 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $17,517 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $9,095 |
| Office expenses | $16,857 |
| Information technology | $36,710 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $7,180 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $32,871 |
| Interest | $126,919 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $438,788 |
| Insurance | $87,186 |
| All other expenses | $221,119 |
| Total functional expenses | $3,092,932 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $571,291 |
| Savings and temporary cash investments | $44,272 |
| Pledges and grants receivable | $99,246 |
| Accounts receivable, net | $466,561 |
| 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 | $0 |
| Net Land, buildings, and equipment | $3,278,124 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $109,875 |
| Total assets | $4,569,369 |
| Accounts payable and accrued expenses | $73,488 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $74,881 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $3,721,796 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $532,243 |
| Total liabilities | $4,402,408 |
| Net assets without donor restrictions | -$735,037 |
| Net assets with donor restrictions | $901,998 |
| 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 | $4,569,369 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Trey Whitfield School has recieved totaling $97,500.
| Awarding Organization | Amount |
|---|---|
Theodore J Forstmann Charitable Trust New York, NY PURPOSE: GENERAL EXEMPT PURPOSE | $60,000 |
Rosalie J Coe Weir Foundation New York, NY PURPOSE: SUPPORT OF EDUCATIONAL SERVICES | $25,000 |
New Hampshire Charitable Foundation Concord, NH PURPOSE: For general support | $10,000 |
Hoffman Brothers Foundation Inc Thornwood, NY PURPOSE: SUPPORTS EDUCATION PROGRAMS | $2,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
New Foundations Charter School Marlton, NJ | $17,967,778 | $23,202,828 |
Village Community School New York, NY | $70,966,980 | $22,510,782 |
Lycee International De Boston International School Of Boston Inc Cambridge, MA | $37,411,967 | $19,857,918 |
Speyer Legacy School New York, NY | $16,160,814 | $25,812,126 |
Fenn School Inc Concord, MA | $99,819,486 | $20,241,981 |
Lancaster Country Day School Lancaster, PA | $75,848,302 | $20,350,115 |
Freire Charter School Philadelphia, PA | $7,896,247 | $17,871,218 |
Academy In Manayunk Inc Conshohocken, PA | $64,687,092 | $23,625,839 |
Amistad Academy Inc New Haven, CT | $35,461,697 | $16,961,980 |
Foote School Association Inc New Haven, CT | $45,302,394 | $17,181,198 |
Rumsey Hall School Incorporated Washington Depot, CT | $67,305,104 | $16,603,122 |
Celebrate The Children Inc Denville, NJ | $8,659,449 | $15,671,388 |