Town School Inc is located in New York, NY. The organization was established in 1953. 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 08/2021, Town School Inc employed 150 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Town 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 08/2020, Town School Inc generated $21.3m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.0% each year. All expenses for the organization totaled $22.3m during the year ending 08/2020. While expenses have increased by 2.0% 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
THE TOWN SCHOOL IS COMMITTED TO ELEMENTARY COEDUCATION, SERVING STUDENTS IN NURSERY THROUGH EIGHTH GRADE. AS WE EMBRACE HIGH ACADEMIC AND ETHICAL STANDARDS FOR EACH STUDENT, WE ARE GUIDED BY OUR SCHOOL MOTTO, "LET THERE BE JOY IN LEARNING." TOWN'S PROGRAM BALANCES THE TRADITIONAL AND THE INNOVATIVE, EMPHASIZING EXCELLENCE IN ACADEMICS AND A THOROUGH EXPOSURE TO THE ARTS AND PHYSICAL EDUCATION. WE TEACH CHILDREN TO THINK CREATIVELY, READ CRITICALLY AND REASON LOGICALLY, STRESSING THE VALUE OF BOTH INDIVIDUAL LEARNING AND COLLABORATION. WE ARE COMMITTED TO DIVERSITY, TEACHING STUDENTS TO BE INCLUSIVE AND TO RESPECT THEMSELVES AND OTHERS. STUDENTS LEAVE TOWN AS WELL-ROUNDED, ARTICULATE, RESILIENT AND MORALLY RESPONSIBLE INDIVIDUALS. THEY ARE PREPARED TO MEET THE CHALLENGES OF A DEMANDING SECONDARY EDUCATION AND CONTINUE ON THE PATH OF LIFELONG LEARNING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE TOWN SCHOOL'S PROGRAM BALANCES THE TRADITIONAL AND THE INNOVATIVE, EMPHASIZING EXCELLENCE IN ACADEMICS AND A THOROUGH EXPOSURE TO THE ARTS AND PHYSICAL EDUCATION. TOWN IS COMMITTED TO DIVERSITY, TEACHING STUDENTS TO BE INCLUSIVE AND TO RESPECT THEMSELVES AND OTHERS. EMBRACING THE IDEA THAT CHILDREN LEARN DIFFERENTLY THAN HIGH SCHOOL STUDENTS OR ADULTS, THE TOWN SCHOOL IS COMMITTED TO THEIR NURSERY THROUGH EIGHTH GRADE (N-8) STRUCTURE. TOWN'S CURRICULA AND TEACHING METHODS ARE DIFFERENT FROM THOSE OF OTHER PROGRAMS, BALANCING THE RIGHT COMBINATION OF ACADEMIC CHALLENGE AND NURTURING SUPPORT AT EACH GRADE LEVEL. THE EMPHASIS IS ON DISCOVERY, EXPLORATION, AND SOCIAL GROWTH INHERENT IN CHILDREN, ENABLED BY A CLASSROOM SETUP AND TEACHING STYLE THAT EMPOWERS STUDENTS TO SPEAK UP AND PARTICIPATE. THE TEACHERS, WHO SERVE AS MENTORS AND FACILITATORS RATHER THAN LECTURERS, APPRECIATE THE UNIQUENESS OF CHILDHOOD AND FOSTER THE INDIVIDUALITY OF EVERY STUDENT. STUDENTS GRADUATE FROM TOWN AS WELL-ROUNDED, ARTICULATE, RESILIENT, AND MORALLY RESPONSIBLE INDIVIDUALS. THEY ARE PREPARED TO MEET THE CHALLENGES OF A DEMANDING SECONDARY EDUCATION AND CONTINUE ON THE PATH OF LIFELONG LEARNING. THE TOWN SCHOOL FACULTY TO STUDENT RATIO IS ONE TO FIVE, INCLUDING MATH AND READING SPECIALISTS, GUIDANCE COUNSELORS, AND A DIRECTOR OF DIVERSITY. THE RIVERFRONT BUILDING PROVIDES THE IDEAL ENVIRONMENT FOR WELCOMING AND ENRICHING CHILDREN'S NATURAL CURIOSITY. FACILITIES INCLUDE THREE CONNECTED BUILDINGS HOUSING A STATE-OF-THE-ART LIBRARY/TECHNOLOGY CENTER IN THE HEART OF THE SCHOOL, RECENTLY RENOVATED STATE-OF-THE-ART SCIENCE LABS, ROOMY LIGHT-FILLED CLASSROOMS, MANY OF WHICH HAVE RIVER VIEWS, FULLY EQUIPPED ART CLASSROOMS, A LARGE GYM, TWO LARGE PLAY TERRACES, AND A LARGE AUDITORIUM. THE TOWN SCHOOL RECOGNIZES THE IMPORTANCE OF THE RELATIONSHIP BETWEEN PARENTS AND THEIR CHILD'S SCHOOL. TOWN OFFERS A PARENT EDUCATON PROGRAM TO INTRODUCE THE TOWN CURRICULUM AND THE DEVELOPMENTAL NEEDS OF CHILDREN AT EACH GRADE LEVEL. IN ADDITION, THE TOWN SCHOOL OPERATES SUMMER SCHOOL, AFTER SCHOOL PROGRAMS (INCLUDING CLUBHOUSE, POSTSCRIPT, AND INDIVIDUAL INSTRUMENTAL LESSONS), AND DAY CARE PROGRAMS THAT ENHANCE THE REGULAR SCHOOL CURRICULUM PROVIDED TO THE STUDENTS. THE TOWN SCHOOL IS ACCREDITED BY THE NEW YORK STATE ASSOCIATION OF INDEPENDENT SCHOOLS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Douglas Brophy Head Of School | OfficerTrustee | 40 | $516,019 |
Odette Muskin Head Of Nursery/kindergart | 40 | $201,256 | |
Freda Gimpel CFO (outgoing) | Officer | 40 | $197,650 |
Carol Seeley Head Of Upper School | 40 | $188,240 | |
Kenneth Higgins Faculty | 40 | $180,944 | |
David Wood Head Of Lower School | 40 | $176,142 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Cater To You Food Service | 8/30/17 | $337,153 |
Archstone Builders Llc Construction Contractor | 8/30/17 | $114,264 |
Statement of Revenue | |
---|---|
Total Revenue from Contributions, Gifts, Grants & Similar | $2,533,582 |
Investment income | $325,285 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $62,267 |
Net Gain/Loss on Asset Sales | -$637,121 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $21,334,646 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic individuals. | $2,749,750 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $1,374,516 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $10,529,473 |
Pension plan accruals and contributions | $795,717 |
Other employee benefits | $1,702,272 |
Payroll taxes | $932,454 |
Fees for services: Management | $0 |
Fees for services: Legal | $163,367 |
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 | $0 |
Advertising and promotion | $31,028 |
Office expenses | $262,483 |
Information technology | $530,100 |
Royalties | $0 |
Occupancy | $206,556 |
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 | $819,818 |
Insurance | $184,235 |
All other expenses | $0 |
Total functional expenses | $22,252,536 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $3,117,972 |
Savings and temporary cash investments | $60,854 |
Pledges and grants receivable | $13,102 |
Accounts receivable, net | $96,753 |
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 | $352,903 |
Investments—publicly traded securities | $33,609,448 |
Investments—other securities | $15,543,269 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $12,000 |
Total assets | $65,185,875 |
Accounts payable and accrued expenses | $610,363 |
Grants payable | $0 |
Deferred revenue | $9,089,489 |
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 | $2,227,000 |
Other liabilities | $0 |
Total liabilities | $11,926,852 |
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 | $53,259,023 |
Over the last fiscal year, we have identified 9 grants that Town School Inc has recieved totaling $1,112,318.
Awarding Organization | Amount |
---|---|
Lizzie And Jonathan Tisch Family Foundation New York, NY PURPOSE: TO FURTHER EDUCATIONAL, RELIGIOUS, MEDICAL, CULTURAL, SOCIETAL AND ENVIRONMENTAL CAUSES. | $1,000,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $66,000 |
Jewish Communal Fund New York, NY PURPOSE: GENERAL SUPPORT | $29,450 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $10,285 |
Coydog Foundation Charleston, SC PURPOSE: GENERAL | $4,000 |
Nelsons Family Foundation Redding, CT PURPOSE: GENERAL SUPPORT | $2,000 |
Beg. Balance | $44,485,200 |
Earnings | $9,643,543 |
Net Contributions | $1,000,000 |
Other Expense | $1,993,000 |
Ending Balance | $53,135,743 |
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 |