St Bernards School Inc
- Assets
- $130.6m
- Revenue
- $34.7m
- Investments
- $70.9m
- Employees
- 119
- Location
- New York, NY
- Founding
- 08/1940
- Data as of
- 06/2022
- EIN
- 13-1255270
Organization Overview
St Bernards School Inc is located in New York, NY. The organization was established in 1940. 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 06/2022, St Bernards School Inc employed 119 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. St Bernards School Inc 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 06/2022, St Bernards School Inc generated $34.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.8% each year. All expenses for the organization totaled $29.1m during the year ending 06/2022. While expenses have increased by 4.1% per year over the past 7 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O
Describe the Organization's Program Activity:
THE SCHOOL MEETS THE EDUCATIONAL NEEDS OF APPROXIMATELY 366 STUDENTS IN VARIOUS CLASSES FROM KINDERGARTEN THROUGH NINTH GRADE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas L Kempner Jr President | OfficerTrustee | 2 | $0 |
Ajmah Houston Vice President | OfficerTrustee | 2 | $0 |
Geoffrey Hsu Secretary | OfficerTrustee | 2 | $0 |
Leigh Abramson Treasurer | OfficerTrustee | 2 | $0 |
Anelechi Anyanwu Trustee | Trustee | 2 | $0 |
Patricia Brilliant Trustee | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Cravath Swaine & Moore Llp Legal | 6/29/22 | $2,304,539 |
Cambridge Associates Investment Manager | 6/29/22 | $287,212 |
Spencer Stuart Legal | 6/29/22 | $154,068 |
Schulte Roth & Zabel Llp Legal | 6/29/22 | $140,858 |
Patterson Belknap Webb & Tyler Legal | 6/29/22 | $118,807 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $261,311 |
| Related organizations | $0 |
| Government grants | $673,868 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,908,881 |
| Noncash contributions included in lines 1a–1f | $205,412 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,844,060 |
| Total Program Service Revenue | $18,133,982 |
| Investment income | $3,547,751 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $33,540 |
| Net Gain/Loss on Asset Sales | $7,112,020 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $34,671,353 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $3,269,795 |
| 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. | $835,357 |
| Compensation of current officers, directors, key employees. | $129,105 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $11,731,649 |
| Pension plan accruals and contributions | $1,261,415 |
| Other employee benefits | $2,668,389 |
| Payroll taxes | $847,053 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $149,588 |
| Fees for services: Accounting | $123,753 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $415,832 |
| Fees for services: Other | $431,658 |
| Advertising and promotion | $0 |
| Office expenses | $433,322 |
| Information technology | $356,691 |
| Royalties | $0 |
| Occupancy | $565,608 |
| Travel | $0 |
| 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 | $1,361,071 |
| Insurance | $420,542 |
| All other expenses | $38,612 |
| Total functional expenses | $29,071,292 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,904,152 |
| Savings and temporary cash investments | $5,122,782 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $54,311 |
| 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 | $374,320 |
| Net Land, buildings, and equipment | $6,723,669 |
| Investments—publicly traded securities | $43,543,667 |
| Investments—other securities | $70,903,097 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $130,625,998 |
| Accounts payable and accrued expenses | $3,972,552 |
| Grants payable | $0 |
| Deferred revenue | $6,407,420 |
| 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 | $10,379,972 |
| Net assets without donor restrictions | $90,167,246 |
| Net assets with donor restrictions | $30,078,780 |
| 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 | $130,625,998 |