Portledge School
- Assets
- $30.7m
- Revenue
- $24.4m
- Investments
- $0.0
- Employees
- 200
- Location
- Locust Valley, NY
- Founding
- 02/1951
- Data as of
- 06/2021
- EIN
- 11-6044973
Organization Overview
Portledge School is located in Locust Valley, NY. The organization was established in 1951. 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 06/2021, Portledge School employed 200 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Portledge 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, Portledge School generated $24.4m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 7.4% each year. All expenses for the organization totaled $21.6m during the year ending 06/2021. While expenses have increased by 6.0% 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
PORTLEDGE SCHOOL PROVIDES EDUCATION AND EXTRA-CURRICULAR PROGRAMMING FOR STUDENTS IN NURSERY TO 12TH GRADE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PORTLEDGE SCHOOL PROVIDES EDUCATIONAL SERVICES FOR PRE-NURSERY THROUGH GRADE 12 ACADEMIC INSTRUCTION, AFTER SCHOOL PROGRAMS THAT INCLUDE SPORTS, ARTS, AND TYPICALLY A SUMMER PROGRAM. HOWEVER DUE TO COVID-19 THE SUMMER PROGRAM WAS NOT OFFERED IN FISCAL YEAR 2021. DURING ITS FISCAL YEAR THE ORGANIZATION SERVED 535 STUDENTS, AND WERE OPEN FULLY AND AS PER GOVERNMENT DIRECTIONS DURING COVID19.PORTLEDGE SCHOOL HAS THE FOLLOWING PROGRAMS:FOR CHILDREN IN PRE-KINDERGARTEN THROUGH EIGHTH GRADE, AFTER SCHOOL ADVENTURES PROVIDE MANY OPPORTUNITIES FOR CREATIVE LEARNING AND MAKING NEW FRIENDS BEYOND THE SCHOOL DAY. OUR SUMMER ADVENTURES PROGRAM IS OPEN TO PORTLEDGE AND NON-PORTLEDGE STUDENTS. THE PROGRAM OFFERINGS ARE WIDE AND VARIED AND COVER ATHLETICS, THE ARTS, TECHNOLOGY AND SCIENCE. NEW PROGRAMS ARE DEVELOPED CONTINUOUSLY TO MEET THE EXPANDING INTERESTS OF OUR STUDENTS, INCLUDING NANOTECHNOLOGY AT NEW YORK INSTITUTE OF TECHNOLOGY AND NEUROSCIENCE AT WINTHROP HOSPITAL FOR UPPER SCHOOL-AGE STUDENTS.THE DAY OF PLAY ALLOWS FAMILIES TO VISIT PORTLEDGE AND EXPERIENCE OUR REGGIO EMILIA EARLY CHILDHOOD PROGRAM. THROUGH ENGAGING ACTIVITIES, YOU WILL FIND OUT FIRST HAND HOW THE WORLD RENOWNED REGGIO APPROACH IS CHANGING THE WAY OUR YOUNGEST STUDENTS LEARN.ADVENTURES FOR MOMMY & ME IS FOCUSED ON TODDLERS AND MOMS, DADS, AND CAREGIVERS AND PROVIDES A NURTURING ENVIRONMENT TO ALLOW SELF-EXPRESSION, SOCIAL INTERACTION, AND PHYSICAL DEVELOPMENT THROUGH A VARIETY OF ACTIVITIES.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Simon A Williams Head Of School | Officer | 40 | $472,176 |
Karen Crowley Asst. Head Of School | Officer | 40 | $188,701 |
Saralyn Lawn Lower School Division Head | Officer | 40 | $170,914 |
Michael Coope Admissions Director | Officer | 40 | $162,252 |
Sarah Schwam Controller/director Of Hr | 40 | $149,059 | |
Tara Askeland Advancement Director | 40 | $146,488 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Culinart Group Food Services | 6/29/21 | $458,002 |
Squad Security Security Services | 6/29/21 | $194,172 |
Reliance Group Transportation Services | 6/29/21 | $116,126 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $184,373 |
| Related organizations | $0 |
| Government grants | $2,590,944 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,313,094 |
| Noncash contributions included in lines 1a–1f | $35,406 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,088,411 |
| Total Program Service Revenue | $19,925,251 |
| Investment income | $62,529 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $52,353 |
| Net Gain/Loss on Asset Sales | -$781 |
| Net Income from Fundraising Events | $68,837 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $27,163 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $24,376,165 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $3,220,241 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,366,102 |
| Compensation of current officers, directors, key employees. | $550,868 |
| Compensation to disqualified persons | $5,103 |
| Other salaries and wages | $9,230,809 |
| Pension plan accruals and contributions | $434,912 |
| Other employee benefits | $1,765,794 |
| Payroll taxes | $781,566 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $150,578 |
| Fees for services: Accounting | $7,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $30,000 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $261,639 |
| Advertising and promotion | $48,728 |
| Office expenses | $270,763 |
| Information technology | $3,266 |
| Royalties | $0 |
| Occupancy | $235,010 |
| Travel | $82,363 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $13,861 |
| Interest | $231,605 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $973,795 |
| Insurance | $271,007 |
| All other expenses | $92,596 |
| Total functional expenses | $21,581,800 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,202,202 |
| Savings and temporary cash investments | $2,975,055 |
| Pledges and grants receivable | $2,500,831 |
| Accounts receivable, net | $287,399 |
| 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 | $486,104 |
| Net Land, buildings, and equipment | $14,266,063 |
| Investments—publicly traded securities | $2,969,890 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $30,687,544 |
| Accounts payable and accrued expenses | $1,462,887 |
| Grants payable | $0 |
| Deferred revenue | $7,845,962 |
| 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 | $4,162,469 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $13,471,318 |
| Net assets without donor restrictions | $6,836,395 |
| Net assets with donor restrictions | $10,379,831 |
| 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 | $30,687,544 |
Grants Recieved
Over the last fiscal year, we have identified 8 grants that Portledge School has recieved totaling $372,913.
| Awarding Organization | Amount |
|---|---|
Bahnik Foundation Inc Oyster Bay, NY PURPOSE: GENERAL PURPOSES | $300,000 |
American Endowment Foundation Hudson, OH PURPOSE: GENERAL OPERATING SUPPORT | $50,000 |
Goldman Sachs Charitable Gift Fund New York, NY PURPOSE: SCHOLARSHIPS & FINANCIAL AID | $7,500 |
Frederic R Coudert Foundation Melville, NY PURPOSE: EDUCATION | $5,000 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $5,000 |
Gondelman Foundation Inc Longboat Key, FL PURPOSE: EDUCATION | $2,500 |
Endowment Analysis
| Beg. Balance | $2,775,232 |
| Earnings | $766,941 |
| Net Contributions | $30,276 |
| Other Expense | $102,061 |
| Ending Balance | $3,470,388 |
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 |