Professional Childrens School Inc
- Assets
- $20.8m
- Revenue
- $7.9m
- Investments
- $0.0
- Employees
- 58
- Location
- New York, NY
- Founding
- 10/1934
- Data as of
- 06/2022
- EIN
- 13-1635277
Organization Overview
Professional Childrens School Inc is located in New York, NY. The organization was established in 1934. According to its NTEE Classification (A6E) the organization is classified as: Performing Arts Schools, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2022, Professional Childrens School Inc employed 58 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Professional Childrens 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, Professional Childrens School Inc generated $7.9m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.5%) each year. All expenses for the organization totaled $8.9m during the year ending 06/2022. 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
TO PROVIDE A CHALLENGING AND ENGAGING COLLEGE PREPARATORY PROGRAM FOR BUSY ARTISTS, ATHLETES AND OTHER YOUNG PEOPLE WHO ARE SERIOUS ABOUT THEIR STUDIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROFESSIONAL CHILDREN'S SCHOOL IS AN INDEPENDENT COEDUCATIONAL DAY SCHOOL FOR STUDENTS IN GRADES 6 THROUGH 12 WHO ARE PREPARING FOR OR ARE ALREADY PURSUING CAREERS IN THE PERFORMING ARTS, ENTERTAINMENT OR COMPETITIVE SPORTS, OR WHO ARE DRAWN TO A CREATIVE ENVIRONMENT SUPPORTIVE OF THE ARTS. THE SCHOOL ENROLLS APPROXIMATELY 150 STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Dawson Head Of School | OfficerTrustee | 55 | $430,809 |
Paul Shaurette Associate Head Of School | 40 | $200,400 | |
Paul Q Kane Director Of Finance | Officer | 55 | $199,000 |
Shari Honig Director Of Admissions Thru 10/21 | 40 | $179,040 | |
Rachelle Sclan Teacher Thru 08/21 | 40 | $168,297 | |
Christopher Haley Director Of Inst. Advancement | 40 | $166,347 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $177,294 |
| Related organizations | $0 |
| Government grants | $731,319 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,665,483 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,574,096 |
| Total Program Service Revenue | $5,582,425 |
| Investment income | $318,562 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $5,355 |
| Net Gain/Loss on Asset Sales | -$520,395 |
| Net Income from Fundraising Events | -$57,425 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,913,959 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,233,650 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $744,225 |
| Compensation of current officers, directors, key employees. | $605,289 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,762,893 |
| Pension plan accruals and contributions | $147,907 |
| Other employee benefits | $613,923 |
| Payroll taxes | $330,700 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $40,025 |
| Fees for services: Accounting | $53,696 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $63,084 |
| Fees for services: Other | $37,584 |
| Advertising and promotion | $25,729 |
| Office expenses | $77,437 |
| Information technology | $132,543 |
| Royalties | $0 |
| Occupancy | $542,811 |
| Travel | $7,352 |
| 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 | $552,499 |
| Insurance | $53,279 |
| All other expenses | $0 |
| Total functional expenses | $8,940,612 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $866,815 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $711,000 |
| Accounts receivable, net | $13,842 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $53,694 |
| Prepaid expenses and deferred charges | $65,997 |
| Net Land, buildings, and equipment | $9,790,507 |
| Investments—publicly traded securities | $8,702,295 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $591,753 |
| Total assets | $20,795,903 |
| Accounts payable and accrued expenses | $506,979 |
| Grants payable | $0 |
| Deferred revenue | $408,343 |
| Tax-exempt bond liabilities | $5,160,690 |
| 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 | $178,558 |
| Total liabilities | $6,254,570 |
| Net assets without donor restrictions | $10,597,122 |
| Net assets with donor restrictions | $3,944,211 |
| 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 | $20,795,903 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Professional Childrens School Inc has recieved totaling $150.
| Awarding Organization | Amount |
|---|---|
De La Cour Family Foundation Glen Cove, NY PURPOSE: TO HELP FUND THE RECIPIENTS OPERATING BUDGET | $150 |
Endowment Analysis
| Beg. Balance | $7,516,269 |
| Earnings | -$830,396 |
| Net Contributions | $500,000 |
| Other Expense | -$298,597 |
| Ending Balance | $6,887,276 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
School Of American Ballet Inc New York, NY | $111,037,435 | $21,205,372 |
Settlement Music School Of Philadelphia Philadelphia, PA | $34,802,698 | $14,057,233 |
Society Of The Third Street Music School Settlement Inc New York, NY | $23,512,540 | $9,331,737 |
Professional Childrens School Inc New York, NY | $20,795,903 | $7,913,959 |
Elaine Kaufman Cultural Center-Lucy Moses School For Music And Dance New York, NY | $27,086,297 | $8,434,600 |
Usdan Center For The Creative And Performing Arts Wheatley Heights, NY | $9,094,063 | $7,842,834 |
The Brooklyn Queens Conservatory Of Music Brooklyn, NY | $5,364,852 | $5,242,264 |
South Shore Conservatory Of Music Inc Hingham, MA | $8,426,542 | $4,813,797 |
Academy Of Vocal Arts Philadelphia, PA | $44,375,102 | $5,042,502 |
Neighborhood Music School Inc New Haven, CT | $8,041,622 | $5,408,099 |
Marlboro School Of Music Inc Philadelphia, PA | $99,638,142 | $11,583,017 |
Hoff Barthelson Music School Scarsdale, NY | $5,808,540 | $3,629,362 |