Reece School
- Assets
- $10.9m
- Revenue
- $9.4m
- Investments
- $0.0
- Employees
- 99
- Location
- New York, NY
- Founding
- 12/1951
- Data as of
- 06/2021
- EIN
- 13-1626154
Organization Overview
Reece School is located in New York, NY. The organization was established in 1951. According to its NTEE Classification (B28) the organization is classified as: Special Education, under the broad grouping of Education and related organizations. As of 06/2021, Reece School employed 99 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Reece 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, Reece School generated $9.4m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 8.2% each year. All expenses for the organization totaled $8.8m during the year ending 06/2021. While expenses have increased by 5.0% 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
THE SCHOOL'S MOST SIGNIFICANT ACTIVITIES IN THE YEAR WERE THE FOLLOWING SERVICES TO THE COMMUNITY THAT ENCOMPASSED THE FIVE BOROUGHS OF NEW YORK CITY: A COMPREHENSIVE ACADEMIC AND THERAPEUTIC SCHOOL AGE PROGRAM FOR 90 INTELLECTUALLY CAPABLE, PSYCHOLOGICALLY FRAGILE CHILDREN AGES 5 - 13, INCLUDING BOTH ACADEMIC AND RELATED SERVICES IN SPEECH, OT, COUNSELING, AND INDEPENDENT LIVING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOOL AGE FOR CHILDREN WITH SPECIAL NEEDS, 5-15, FUNDED BY THE NEW YORK STATE EDUCATION DEPARTMENT, INCLUDING ACADEMICS, RELATED SERVICES, SUCH AS OCCUPATIONAL AND PHYSICAL THERAPY, SPEECH & LANGUAGE AND COUNSELING. THE CHILDREN PARTICIPATE IN THE STATE ACADEMIC TESTING PROGRAM AND RECEIVE ESY SERVICES TO AVOID SUMMER REGRESSION.
SUPPLEMENTAL PROGRAMS THAT ARE NOT INCLUDED IN BASE NEW YORK STATE EDUCATION DEPARTMENT TUITION RATE, BUT FUNDED BY IDEA GRANTS FROM THE FEDERAL GOVERNMENT. THIS YEAR THESE PROGRAMS INCLUDED 8 SATURDAY MORNING SESSIONS FOR BOTH PARENTS AND CHILDREN ENROLLED IN THE SCHOOL AGE PROGRAM TO DEVELOP THEIR SOCIAL, LIVING AND MATH SKILLS IN A LESS STRUCTURED ENVIRONMENT. THE PROGRAM ALSO INCLUDED THE FORMATION OF FOUR COMMITTEES OF INSTRUCTORS AND CLINICIANS TO ENHANCE THE SCHOOL'S LITERACY, HEALTH, SCIENCE AND SOCIAL STUDIES CURRICULA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Duncan Lester Executive Director | Officer | 40 | $213,299 |
Paulo Souza Chief Financial Officer | Officer | 40 | $147,621 |
David Nisenbaum Dir. Of Instruction & Curriculum | 37.5 | $119,736 | |
Karen Sullivan Social Skills Coordinator | 37.5 | $113,106 | |
Ashley L Gartner Curriculum Coordinator | 37.5 | $106,072 | |
Erica Corvin Clinical Services Coordinator | 37.5 | $100,078 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,239,875 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,239,875 |
| Total Program Service Revenue | $8,116,237 |
| 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 | $9,359,473 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $433,449 |
| Compensation of current officers, directors, key employees. | $49,351 |
| Compensation to disqualified persons | $4,875 |
| Other salaries and wages | $5,110,091 |
| Pension plan accruals and contributions | $90,355 |
| Other employee benefits | $806,309 |
| Payroll taxes | $387,945 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $31,828 |
| Fees for services: Accounting | $55,545 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $209,410 |
| Advertising and promotion | $1,998 |
| Office expenses | $249,874 |
| Information technology | $76,553 |
| Royalties | $0 |
| Occupancy | $459,040 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $28,549 |
| Interest | $201,661 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $406,817 |
| Insurance | $70,589 |
| All other expenses | $0 |
| Total functional expenses | $8,788,058 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $533,208 |
| Savings and temporary cash investments | $1,710,000 |
| Pledges and grants receivable | $81,902 |
| Accounts receivable, net | $789,237 |
| 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 | $9,360 |
| Net Land, buildings, and equipment | $7,753,438 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $42,065 |
| Total assets | $10,919,210 |
| Accounts payable and accrued expenses | $468,306 |
| Grants payable | $0 |
| Deferred revenue | $11,614 |
| 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 | $10,715,062 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $58,148 |
| Total liabilities | $11,253,130 |
| Net assets without donor restrictions | -$333,920 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $10,919,210 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Reece School has recieved totaling $5,000.
| Awarding Organization | Amount |
|---|---|
The Disability Fund Inc Rockville Centre, NY PURPOSE: SUPPORT EDUCATIONAL SERVICES TO CHILDREN WITH SPECIAL NEEDS | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Variety Child Learning Center Syosset, NY | $8,356,973 | $21,867,725 |
Nashoba Learning Group Inc Bedford, MA | $17,818,775 | $20,934,730 |
The Hagedorn Little Village School Seaford, NY | $17,101,359 | $21,155,572 |
Summit School Upper Nyack, NY | $17,974,431 | $18,614,927 |
Steppingstone Day School Inc Kew Garden Hills, NY | $5,707,568 | $18,884,905 |
Childrens Center Of Hamden Inc Hamden, CT | $5,057,304 | $17,805,585 |
Kennedy Childrens Center New York, NY | $16,208,391 | $17,351,422 |
Eclc Of Nj A New Jersey Non Profit Corporation Chatham, NJ | $5,195,140 | $18,377,068 |
Kingsway Learning Center Moorestown, NJ | $5,041,618 | $18,181,631 |
Pennsylvania School For The Deaf Philadelphia, PA | $50,307,552 | $18,217,495 |
League School Brooklyn, NY | $8,003,102 | $18,878,930 |
League School Of Greater Boston Inc Walpole, MA | $19,876,889 | $16,713,452 |