Grace Church School
- Assets
- $124.2m
- Revenue
- $52.5m
- Investments
- $13.2m
- Employees
- 374
- Location
- New York, NY
- Founding
- 04/2006
- Data as of
- 06/2021
- EIN
- 11-3752853
Organization Overview
Grace Church School is located in New York, NY. The organization was established in 2006. 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 06/2021, Grace Church School employed 374 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Grace Church 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 06/2021, Grace Church School generated $52.5m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 5.0% each year. All expenses for the organization totaled $60.1m during the year ending 06/2021. While expenses have increased by 7.2% 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 EXEMPLARY EDUCATION FOR CHILDREN REFLECTING ETHNIC, RELIGIOUS AND ECONOMIC DIVERSITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRACE CHURCH SCHOOL SEEKS A STUDENT BODY REFLECTIVE OF THE ETHNIC, RELIGIOUS AND ECONOMIC DIVERSITY OF OUR DOWNTOWN COMMUNITY. A STRUCTURED CURRICULUM, ENRICHED WITH BROAD OPPORTUNITIES FOR CREATIVE EXPRESSION, AIMS TO DEVELOP IN EACH CHILD MENTAL KEENNESS, PHYSICAL CONFIDENCE, PLEASURE IN LEARNING, AND THE SKILLS BASIC TO UNDERSTANDING ONE'S SELF AND THE WORLD. OUR STUDENTS ARE THOROUGHLY PREPARED IN ENGLISH, MATHEMATICS, FOREIGN LANGUAGES, SCIENCE, AND HISTORY. STUDIO ART, MUSIC EDUCATION, DRAMA AND PHYSICAL EDUCATION ARE INTEGRAL TO THE CURRICULUM. COMPUTER INSTRUCTION IS INTEGRATED WITH THE SCHOOL'S COURSE OF STUDY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
George Davison Head Of School | Officer | 40 | $643,510 |
Susan Austin Chief Financial Officer | Officer | 40 | $242,605 |
Melanie White Director Of College Counse | 40 | $238,299 | |
Hugo Mahabir Head High School | 40 | $226,355 | |
Barbara Haney Head Of Lower School | 40 | $219,591 | |
Cheryl Kelly Head Of Early Childhood | 40 | $210,997 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Cozen O' Connor Legal Services | 6/29/21 | $272,247 |
B & S Cleaning Services Cleaning Services | 6/29/21 | $101,599 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $117,012 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,557,471 |
| Noncash contributions included in lines 1a–1f | $747,882 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,674,483 |
| Total Program Service Revenue | $42,329,558 |
| Investment income | $628,548 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $65,461 |
| Net Gain/Loss on Asset Sales | $3,612,110 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $52,477,666 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $9,515,475 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,299,500 |
| Compensation of current officers, directors, key employees. | $1,228,889 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $20,349,028 |
| Pension plan accruals and contributions | $1,590,560 |
| Other employee benefits | $2,509,007 |
| Payroll taxes | $1,631,246 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $802,434 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $194,502 |
| Fees for services: Other | $529,692 |
| Advertising and promotion | $0 |
| Office expenses | $1,440,649 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $5,921,256 |
| Travel | $1,739,478 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $45,427 |
| Interest | $1,432,103 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,411,944 |
| Insurance | $359,168 |
| All other expenses | $3,623,400 |
| Total functional expenses | $60,058,893 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,152 |
| Savings and temporary cash investments | $15,229,768 |
| Pledges and grants receivable | $4,640,522 |
| Accounts receivable, net | $990,250 |
| 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 | $137,991 |
| Net Land, buildings, and equipment | $53,169,887 |
| Investments—publicly traded securities | $34,335,743 |
| Investments—other securities | $13,218,007 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,510,193 |
| Total assets | $124,238,513 |
| Accounts payable and accrued expenses | $7,441,925 |
| Grants payable | $0 |
| Deferred revenue | $18,917,522 |
| Tax-exempt bond liabilities | $44,252,801 |
| 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 | $17,469,974 |
| Total liabilities | $88,082,222 |
| Net assets without donor restrictions | $24,396,507 |
| Net assets with donor restrictions | $11,759,784 |
| 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 | $124,238,513 |
Grants Recieved
Over the last fiscal year, we have identified 35 grants that Grace Church School has recieved totaling $1,227,456.
| Awarding Organization | Amount |
|---|---|
The Hermine And David Heller Foundation New York, NY PURPOSE: GENERAL OPERATING SUPPORT | $300,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $145,420 |
Jewish Communal Fund New York, NY PURPOSE: GENERAL SUPPORT | $121,000 |
The Community Foundation For Greater Atlanta Inc Atlanta, GA PURPOSE: EDUCATION | $100,000 |
Goldman Sachs Charitable Gift Fund New York, NY PURPOSE: SCHOLARSHIPS & FINANCIAL AID | $80,000 |
Ruggles Family Foudation Garden City, NY PURPOSE: GENERAL PURPOSE | $75,000 |
Endowment Analysis
| Beg. Balance | $39,467,406 |
| Earnings | $11,677,649 |
| Net Contributions | $2,004,432 |
| Grants | $5,493,314 |
| Ending Balance | $47,656,173 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Archway Charter School Of Chester Inc Chester, PA | $43,430,171 | $101,905,393 |
Democracy Prep New York Charter Schools Bronx, NY | $67,527,043 | $86,404,779 |
Greenwich Country Day School Inc Greenwich, CT | $332,908,976 | $95,548,707 |
Grace Church School New York, NY | $124,238,513 | $52,477,666 |
Dexter Southfield Inc Brookline, MA | $119,216,504 | $58,438,330 |
Haverford School Haverford, PA | $200,207,536 | $63,658,264 |
Calhoun School Inc New York, NY | $66,556,667 | $39,561,327 |
Marion P Thomas Charter School Inc Newark, NJ | $17,560,259 | $37,041,604 |
Saint Davids School New York, NY | $170,289,488 | $33,366,978 |
Trustees Of Newark Academy Livingston, NJ | $113,328,907 | $35,913,632 |
Philadelphia Independent Mission Schools Philadelphia, PA | $39,191,945 | $38,175,969 |
Hewitt School New York, NY | $78,957,035 | $33,976,072 |