Cardinal Mccloskey Emergency Residential School
- Assets
- $4.6k
- Revenue
- $20.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Valhalla, NY
- Founding
- 03/1946
- Data as of
- 06/2021
- EIN
- 11-5234032
Organization Overview
Cardinal Mccloskey Emergency Residential School is located in Valhalla, NY. The organization was established in 1946. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Cardinal Mccloskey Emergency Residential 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, Cardinal Mccloskey Emergency Residential School generated $20.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (30.5%) each year. All expenses for the organization totaled $67.9k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (20.9%) per year over the past 7 years. 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
THE CARDINAL MCCLOSKEY EMERGENCY RESIDENTIAL SCHOOL (THE "SCHOOL") LOCATED IN OSSINING, NEW YORK IS A NOT-FOR-PROFIT CORPORATION IN THE STATE OF NEW YORK. FORMED IN FEBRUARY 1985 TO OPERATE A SCHOOL FOR GRADES FOUR TO TWELVE, THE SCHOOL RECEIVES ITS FUNDING FROM THE STATE OF NEW YORK UNDER ARTICLE 89 AND ARTICLE 81 OF THE NEW YORK STATE EDUCATION LAW. THE SCHOOL IS SUPPORTED PRIMARILY BY TUITION. THE CARDINAL MCCLOSKEY EMERGENCY RESIDENTIAL SCHOOL IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF INTERNAL REVENUE CODE UNDER A GROUP EXEMPTION COVERING ALL AGENCIES AND INSTRUMENTALITIES AND ALL EDUCATIONAL, CHARITABLE AND RELIGIOUS INSTITUTIONS OPERATED, SUPERVISED OR CONTROLLED BY OR IN CONNECTION WITH THE ROMAN CATHOLIC CHURCH IN THE UNITED STATES, ITS TERRITORIES AND POSSESSIONS. AS A NOT-FOR-PROFIT ORGANIZATION, THE SCHOOL IS ALSO EXEMPT FROM NEW YORK STATE INCOME AND SALES TAXES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATION SERVICES FOR CHILDREN PLACED IN THE EMERGENCY GROUP FACILITY ON A SHORT TERM BASIS. IN AUGUST OF 2020 THE SCHOOL PAUSED OPERATIONS AND IS PLANNING ITS REORGANIZATION FOR AFTER THE PANDEMIC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bishop Gerald Walsh Msw Director | Trustee | 0.5 | $0 |
Christopher Fargo Director | Trustee | 0.5 | $0 |
Christopher Galin Director | Trustee | 0.5 | $0 |
Elizabeth Houghton Director | Trustee | 0.5 | $0 |
Eric Ziller Director (outgoing) | Trustee | 0.5 | $0 |
Eugene J Desoiza Jr Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,268 |
| Investment income | $0 |
| 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 | $20,071 |
| Statement of Expenses | |
|---|---|
| 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 to disqualified persons | $0 |
| Other salaries and wages | $25,347 |
| Pension plan accruals and contributions | $624 |
| Other employee benefits | $2,922 |
| Payroll taxes | $2,753 |
| Fees for services: Management | $6,250 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $13,226 |
| Advertising and promotion | $0 |
| Office expenses | $200 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $3,090 |
| Travel | $253 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $199 |
| Insurance | $507 |
| All other expenses | $0 |
| Total functional expenses | $67,917 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $817 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,605 |
| Accounts payable and accrued expenses | $247,077 |
| 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 | $247,077 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | -$242,472 |