Reece School
- Assets
- $9.8m
- Revenue
- $8.1m
- Investments
- $0.0
- Employees
- 115
- Location
- New York, NY
- Founding
- 12/1951
- Data as of
- 06/2022
- 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 06/2022, Reece School employed 115 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 06/2022, Reece School generated $8.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.9% each year. All expenses for the organization totaled $8.7m during the year ending 06/2022. While expenses have increased by 4.2% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
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
REECE STUDENTS ARE ACADEMICALLY CAPABLE BUT MAY BE PSYCHOLOGICALLY FRAGILE OR HAVE ISSUES IMPACTING THEIR ABILITY TO FULLY ACCESS THEIR EDUCATION IN THEIR CURRENT SCHOOL PLACEMENT. AT REECE, CHILDREN WITH SPEECH/LANGUAGE IMPAIRMENTS OR WHO HAVE EMOTIONAL, LEARNING OR OTHER DISABILITIES ARE GIVEN HIGH LEVELS OF ACADEMIC, SOCIAL AND EMOTIONAL SUPPORT IN A NURTURING AND WELL-STRUCTURED ENVIRONMENT.
SUPPLEMENTAL PROGRAMS WHICH ARE NOT INCLUDED IN THE NYSED TUITION RATE, BUT FUNDED BY IDEA GRANTS FROM FEDERAL AGENCIES INCLUDE: SATURDAY PROGRAMS, FAMILY ENGAGEMENT PROGRAMS, SOCIAL SKILLS TRAINING, CURRICULUM DEVELOPMENT, AND SPORTS TEAMS AND ACTIVITY CLUBS.
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 |
|---|---|---|---|
Wyatt M Rushton Chairman | OfficerTrustee | 3 | $0 |
Andreas Kampouris President & Interim VP | OfficerTrustee | 0.5 | $0 |
Stacey Hafers Treasurer | OfficerTrustee | 0.5 | $0 |
Mark Magill Secretary | OfficerTrustee | 0.5 | $0 |
Karen Elder Board Member | Trustee | 0.5 | $0 |
Duncan Lester Executive Director | Officer | 40 | $218,864 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $117,263 |
| 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 | $117,263 |
| Total Program Service Revenue | $8,003,496 |
| 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 | $8,140,860 |
| 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. | $483,993 |
| Compensation of current officers, directors, key employees. | $53,653 |
| Compensation to disqualified persons | $13,473 |
| Other salaries and wages | $4,801,833 |
| Pension plan accruals and contributions | $73,219 |
| Other employee benefits | $598,883 |
| Payroll taxes | $468,036 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $27,944 |
| Fees for services: Accounting | $60,100 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $295,971 |
| Advertising and promotion | $8,184 |
| Office expenses | $255,282 |
| Information technology | $8,080 |
| Royalties | $0 |
| Occupancy | $705,681 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $20,286 |
| Interest | $12,278 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $345,053 |
| Insurance | $85,695 |
| All other expenses | $0 |
| Total functional expenses | $8,724,132 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,383,084 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $69,669 |
| Accounts receivable, net | $849,380 |
| 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 | $11,350 |
| Net Land, buildings, and equipment | $7,180,370 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $295,852 |
| Total assets | $9,789,705 |
| Accounts payable and accrued expenses | $603,652 |
| 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 | $10,494,116 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $119,273 |
| Total liabilities | $11,228,655 |
| Net assets without donor restrictions | -$1,438,950 |
| 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 | $9,789,705 |