Masters School is located in Dobbs Ferry, NY. The organization was established in 1925. 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 06/2021, Masters School employed 335 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Masters 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, Masters School generated $50.8m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.3% each year. All expenses for the organization totaled $40.7m during the year ending 06/2021. While expenses have increased by 2.6% 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 MASTERS SCHOOL CELEBRATES ACTIVE PARTICIPATION, DEEP UNDERSTANDING, AND MEANINGFUL CONNECTION. A COMMUNITY OF DIVERSE INDIVIDUALS, WE GATHER TO LEARN, TO STRIVE, TO DARE, TO DO - TO BE A POWER FOR GOOD IN THE WORLD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE MASTERS SCHOOL IS AN INDEPENDENT DAY AND BOARDING SCHOOL, FOR STUDENTS IN GRADES 5 THROUGH 12, THAT EMPOWERS INDEPENDENT THINKERS THROUGH AN EXPANSIVE AND INNOVATIVE CURRICULUM BASED ON ACTIVE INTELLECTUAL EXPLORATION. LOCATED ON 96 PICTURESQUE ACRES ON THE HUDSON RIVER AND JUST 12 MILES FROM THE VAST RESOURCES OF NEW YORK CITY, THE SCHOOL IS A DIVERSE AND VIBRANT CONVERGENCE OF IDEAS, CULTURES, ARTS AND ATHLETICS.IN A KIND AND INCLUSIVE CULTURE, WHERE DIVERSITY OF THOUGHT IS CELEBRATED, STUDENTS CAN CONFIDENTLY FIND THEIR OWN VOICES IN DISCUSSION-BASED CLASSES, WHILE GAINING A DEEPER, BROADER UNDERSTANDING OF THE SUBJECT MATTER AND EACH OTHER. MUCH LIKE THE CURRICULUM AT A LIBERAL ARTS COLLEGE, MASTERS' CURRICULUM IMPARTS A BROAD KNOWLEDGE TO STUDENTS AND DEVELOPS THEIR INTELLECTUAL CAPACITIES IN A TRANSFORMATIONAL WAY. MASTERS IS DISTINGUISHED BY ITS NOVEL APPROACH OF USING THE HARKNESS METHOD OF TEACHING AROUND A SINGULAR, OVAL TABLE FOR ALL MAIN SUBJECT AREAS. HARKNESS CHALLENGES STUDENTS TO ACHIEVE A HIGHER LEVEL OF ENGAGEMENT, TO EXTRACT AND CONSTRUCT THEIR OWN MEANING FROM THE CONTENT, AND THEN TO SHARE IT COURAGEOUSLY AND ARTICULATELY WITH THEIR PEERS AND TEACHERS WHILE GAINING RESPECT FOR THE VOICES OF OTHERS.AT MASTERS, STUDENTS TAKE FULL ADVANTAGE OF DEVELOPING THEIR MANY TALENTS AND INTERESTS-WHETHER ACADEMICS, ATHLETICS, PERFORMING ARTS, VISUAL ARTS, OR SERVICE PROJECTS. AT MASTERS, THERE IS AN APPRECIATION FOR THE VALUE OF A WELL-BALANCED EDUCATION AND THE DOORS IT OPENS-INCLUDING ADMISSION TO TOP-RANKED COLLEGES AND UNIVERSITIES.ARTS AT MASTERSTHE ARTS PLAY A VITAL ROLE AT THE MASTERS SCHOOL. FULLY INTEGRATED INTO THE CURRICULUM AND THE LIFE OF THE SCHOOL, THEY ALSO FEATURE PROMINENTLY IN CO-CURRICULAR OFFERINGS AND STUDENT PERFORMANCE GROUPS. OPPORTUNITIES TO STUDY THE ARTS-BOTH DURING THE DAY AND AFTER SCHOOL-ABOUND. DANCE AND DRAMA, PAINTING AND PHOTOGRAPHY, MUSIC IN ITS COUNTLESS FORMS-WE OFFER IT ALL AND ENCOURAGE OUR STUDENTS TO EXPLORE.PERFORMING ARTSTHE DEPARTMENT OF PERFORMING ARTS AT THE MASTERS SCHOOL ENCOMPASSES DANCE, MUSIC AND THEATER STUDIES AND EXPERIENCES. ACROSS A VARIETY OF PERFORMANCE MEDIUMS AND IN A WIDE RANGE OF PERFORMANCE SETTINGS, FROM ENSEMBLE PIECES TO TECHNICAL ARTISTS, STUDENTS HAVE AMPLE OPPORTUNITIES TO TRY THEIR HAND AT PERFORMANCE ART. FURTHER, THE DEPARTMENT OFFERS OPPORTUNITIES FOR DEEP UNDERSTANDING OF THE VARIOUS AREAS THROUGH COURSES THAT OFFER PERSPECTIVES IN PRODUCTION, THEORY AND HISTORY.VISUAL ARTSTHE GOAL OF THE MASTERS VISUAL ARTS PROGRAM IS TO HAVE STUDENTS DEVELOP THE CREATIVITY, IMAGINATION, AND TECHNICAL SKILL TO PRACTICE ART AS A VITAL MEANS OF SELF-EXPRESSION. THE FACULTY ARE PROFESSIONAL ARTISTS, AND OUR STUDENTS TAKE FULL ADVANTAGE OF NEW YORK CITY CULTURAL RESOURCES TO COMPLEMENT THEIR CLASSROOM WORK.ATHLETICS AT MASTERSMASTERS BELIEVES ATHLETICS PLAYS A CRUCIAL ROLE IN DEVELOPING STUDENTS' CHARACTER AND ENCOURAGING HEALTHY AND ENTHUSIASTIC COMPETITION. THROUGH ATHLETICS OUR STUDENT-ATHLETES LEARN HOW TO BE RESPONSIBLE FOR NOT ONLY THEMSELVES BUT FOR THEIR TEAMMATES, COACHES, FAMILY AND COMMUNITY - PREPARING THEM FOR THE MANY CHALLENGES IN LIFE.MASTERS COACHES CONSISTENTLY CHALLENGE ATHLETES WHILE HONORING PARTICIPATION, ACHIEVEMENT AND EFFORT THROUGH OUR PROGRAMS. OUR SUCCESS IS NOT MEASURED IN VICTORIES ALONE, BUT ALSO IN THE INDIVIDUAL DEVELOPMENT OF EACH STUDENT-ATHLETE.OUR ATHLETES STRIVE TO BE THE BEST PERSON THEY CAN BE WHETHER IT'S IN THE CLASSROOM, ON THE PLAYING FIELD OR IN THE COMMUNITY. WE BELIEVE THAT THE SKILLS OUR STUDENT-ATHLETES DEVELOP DURING THEIR TIME AT MASTERS WILL HELP MOLD THEM INTO PRODUCTIVE MEMBERS OF SOCIETY.ABOUT THE ATHLETIC PROGRAM60 COMPETITIVE TEAMSFALL: CROSS COUNTRY, FIELD HOCKEY, SOCCER, GIRLS' TENNIS AND GIRLS' VOLLEYBALLWINTER: BASKETBALL, FENCING, INDOOR TRACK AND FIELD, SQUASH AND SWIMMINGSPRING: BASEBALL, GOLF, LACROSSE, SOFTBALL, BOYS' TENNIS, BOYS' VOLLEYBALL, TRACK AND FIELDLEAGUES, CONFERENCES AND ASSOCIATIONSFAA - FAIRCHESTER ATHLETIC ASSOCIATIONISFL - INDEPENDENT SCHOOLS FENCING LEAGUENYSAIS - NEW YORK STATE ASSOC. OF INDEPENDENT SCHOOLSNEPSAC - NEW ENGLAND PREP SCHOOL ATHLETIC COUNCILPSAA - PRIVATE SCHOOL ATHLETIC ASSOCIATIONNYCAL - NEW YORK CITY ATHLETIC LEAGUEDISTINCTIVE PROGRAMSETHICAL LEADERSHIPAT MASTERS, WE UNDERSTAND THAT TOMORROW'S LEADERS WILL NEED NOT ONLY THE BASIC SKILLS OF LEADERSHIP, BUT ALSO A DEEP UNDERSTANDING OF WHO THEY ARE AND WHAT THEY VALUE. A KEY COMPONENT OF LEADERSHIP IS LEARNING STRATEGIES FOR HOLDING TRUE TO THOSE VALUES WHEN ENCOUNTERING CHALLENGES. THE ETHICAL LEADERSHIP PROJECT WAS DESIGNED WITH THESE ASPECTS IN MIND. OUR GOAL FOR THE PROGRAM IS THAT ALL MEMBERS OF THE COMMUNITY CAN ENGAGE IN A COMMON EXPLORATION TO BECOME A POWER FOR GOOD IN OUR COMMUNITIES AND OUR WORLD.THE ETHICAL LEADERSHIP PROJECT AT THE MASTERS SCHOOL CULTIVATES AN ENVIRONMENT IN WHICH STUDENTS, FACULTY AND STAFF ENGAGE IN ACTIVITIES THAT DEVELOP A DEEPER UNDERSTANDING OF THEMSELVES AND THE IMPACTS THEY HAVE ON THEIR COMMUNITIES. TEACHING INTEGRAL COMPONENTS OF LEADERSHIP AND MENTORING STUDENTS IN MEANINGFUL LEADERSHIP EXPERIENCES, THE PROJECT EMPOWERS STUDENTS TO CHOOSE POSITIVE ACTION AND PURSUE LIVES OF SIGNIFICANCE.INNOVATION AND ENTREPRENEURSHIPINNOVATION, ENGINEERING AND COMPUTER SCIENCE PROGRAMSMASTERS' INNOVATION, ENGINEERING AND COMPUTER SCIENCE PROGRAMS AIM TO CULTIVATE INGENUITY BY CHALLENGING STUDENTS TO THINK CREATIVELY, STRATEGIZE AND PROBLEM-SOLVE. OUR GOAL IS TO ENCOURAGE STUDENTS TO THINK, DO AND MAKE, AND TO FOSTER A CROSS-DISCIPLINARY, ENTREPRENEURIAL THOUGHT PROCESS, WHILE DEVELOPING SKILLS, IDEAS AND CHARACTER TRAITS.THROUGH A PROJECT-BASED MODEL, OUR STUDENTS BUILD CONFIDENCE, ACCUMULATE HANDS-ON EXPERIENCE, TAKE RISKS, NURTURE UNCONVENTIONAL TALENTS AND TACKLE REAL-LIFE CHALLENGES.DESIGN THINKING AND SOCIAL ENTREPRENEURSHIPIN DESIGN THINKING AND SOCIAL ENTREPRENEURSHIP, STUDENTS LEARN THE PRINCIPLES OF "DESIGN THINKING" WITH A FOCUS ON ENTREPRENEURSHIP AS A "POWER FOR GOOD IN THE WORLD." DESIGN THINKING IS A HUMAN-CENTERED APPROACH TO CREATIVITY AND INNOVATION THAT INTEGRATES THE NEEDS OF SOCIETY WITH THE REQUIREMENTS FOR BUSINESS SUCCESS. THROUGH DYNAMIC HARKNESS DISCUSSIONS, STUDENTS COME TO UNDERSTAND THE MINDSET OF ENTREPRENEURS AND HOW BUSINESS CAN DRIVE SOCIAL CHANGE. ADDITIONALLY, STUDENTS EXPLORE THE FUNDAMENTAL PRINCIPLES OF FINDING INSPIRATION, PRODUCT/SERVICE CREATION AND PROTOTYPING, IMPLEMENTATION IN THE REAL WORLD AND SMALL-BUSINESS OPERATIONAL SKILLS. ENGINEERING PROGRAMTHROUGHOUT A FOUR-YEAR CURRICULUM, MASTERS STUDENTS CAN EARN COLLEGE CREDITS WHILE THEY LEARN ABOUT THE ENGINEERING DESIGN PROCESS AND THE COMMON APPROACH TO SOLVING ENGINEERING PROBLEMS.THROUGH INDIVIDUAL AND COLLABORATIVE HANDS-ON ACTIVITIES AND A PROJECT-BASED LEARNING PEDAGOGY, STUDENTS SOLVE OPEN-ENDED PROBLEMS THAT REQUIRE PLANNING, DOCUMENTATION, COMMUNICATION AND OTHER ADVANCED PROFESSIONAL SKILLS.GLOBAL AND CIVIC EXCHANGE PROGRAMMASTERS GLOBAL AND CIVIC EXCHANGE PROGRAM INSPIRES STUDENTS TO ENGAGE WITH AND UNDERSTAND THE CRITICAL ISSUES FACING TODAY'S WORLD AS WELL AS PREPARE THEM FOR THE WIDER, MORE COMPLICATED WORLD AHEAD. THROUGH A VARIETY OF INTERNATIONAL EDUCATIONAL OPPORTUNITIES, STUDENTS' CURRENT VIEWS OF THE WORLD ARE CHALLENGED AND EXPANDED UPON. THESE EXPERIENCES LEAVE A LASTING IMPRESSION THAT CHANGE HOW STUDENTS SEE THE WORLD. COMPANIES TODAY SEEK OUT EMPLOYEES WHO CAN THINK GLOBALLY, THOSE WHO HAVE BEEN EXPOSED TO AND ENGAGED WITH THE WORLD BEYOND THE UNITED STATES AND CAN COMFORTABLY NAVIGATE ALL TYPES OF DIVERSITY WITH EMPATHY AND A STRONG ABILITY TO FORGE CONNECTIONS. MASTERS UPPER SCHOOL STUDENTS HAVE PARTICIPATED IN TRANSFORMATIVE EXPERIENCES LIKE A TWO-WEEK-LONG HOMESTAY AT A TIBETAN BUDDHIST MONASTERY IN LIJIANG, CHINA, AND A PROGRESSIVE BOARDING SCHOOL IN TOKYO, JAPAN. THEY'VE JOINED STUDENTS FROM ONE OF OUR PARTNER SCHOOLS IN THE DOMINICAN REPUBLIC TO HELP MAKE REPAIRS TO THEIR NURSERY SCHOOLS AND HAVE EXPLORED HISTORICAL AND SOCIAL ISSUES IN SANTO DOMINGO, MET RISING BASEBALL STARS, SPOKE WITH POLITICAL LEADERS AND MORE-ALL IN THE COMPANY OF THEIR HOST FAMILIES. STUDENTS HAVE ALSO TRAVELED ABROAD FOR SPRING BREAK TO DESTINATIONS SUCH AS CUBA AND MONTREAL. ON CAMPUS, STUDENTS HAVE HAD THE OPPORTUNITY TO INTERACT WITH EXCHANGE STUDENTS FROM DAKAR, SENEGAL, AMONG OTHER PLACES. IN BECOMING GLOBAL CITIZENS BOTH ABROAD AND ON CAMPUS, STUDENTS HONE THEIR INTERPERSONAL SKILLS AND CULTURAL KNOWLEDGE.MASTERS GLOBAL MINDSET ALSO BENEFITS FROM A VERY DIVERSE STUDENT POPULATION. WITH 200 BOARDING STUDENTS, 80 OF WHOM ARE INTERNATIONAL STUDENTS FROM MORE THAN 30 COUNTRIES, THE SCHOOL IS A GLOBAL COMMUNITY THAT IS ABUZZ WITH ACTIVITY SEVEN DAYS A WEEK.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Laura Danforth Head Of School | Officer | 40 | $463,236 |
Seth Marx Director Of Institutional Advancement | 40 | $243,450 | |
Edward Biddle Chief Financial Officer | Officer | 40 | $223,470 |
Tasha Elsbach Head Of Middle School | 40 | $166,101 | |
Emma Katznelson Director Of Enrollment Management | 40 | $162,853 | |
Daniel Pereira Director Of Operations | 40 | $153,974 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Marvel Architects Pllc Architect Services | 6/29/21 | $734,226 |
Venable Llp Legal Services | 6/29/21 | $141,876 |
Safe Campus Llc Safety Advisors | 6/29/21 | $123,334 |
Community Counselling Service Co Llc Consulting | 6/29/21 | $391,622 |
Statement of Revenue | |
---|---|
Federated campaigns | $141,100 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $0 |
All other contributions, gifts, grants, and similar amounts not included above | $4,485,066 |
Noncash contributions included in lines 1a–1f | $268,125 |
Total Revenue from Contributions, Gifts, Grants & Similar | $4,626,166 |
Total Program Service Revenue | $36,383,512 |
Investment income | $1,281,185 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $17,565 |
Net Gain/Loss on Asset Sales | $8,382,133 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $50,762,923 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $0 |
Grants and other assistance to domestic individuals. | $7,439,536 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $885,841 |
Compensation of current officers, directors, key employees. | $640,587 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $16,286,300 |
Pension plan accruals and contributions | $2,240 |
Other employee benefits | $1,684,633 |
Payroll taxes | $1,367,319 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $0 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $59,253 |
Fees for services: Other | $972,650 |
Advertising and promotion | $90,034 |
Office expenses | $317,692 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $1,218,715 |
Travel | $227,588 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $11,683 |
Interest | $826,679 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $2,905,937 |
Insurance | $583,326 |
All other expenses | $585,866 |
Total functional expenses | $40,658,238 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $14,883,304 |
Savings and temporary cash investments | $19,416,415 |
Pledges and grants receivable | $1,349,833 |
Accounts receivable, net | $262,430 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $74,940 |
Prepaid expenses and deferred charges | $104,786 |
Net Land, buildings, and equipment | $71,341,410 |
Investments—publicly traded securities | $79,106,648 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $351,013 |
Total assets | $186,890,779 |
Accounts payable and accrued expenses | $3,354,521 |
Grants payable | $0 |
Deferred revenue | $7,569,137 |
Tax-exempt bond liabilities | $26,675,304 |
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 | $37,598,962 |
Net assets without donor restrictions | $71,807,969 |
Net assets with donor restrictions | $77,483,848 |
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 | $186,890,779 |
Over the last fiscal year, we have identified 1 grants that Masters School has recieved totaling $15,360.
Awarding Organization | Amount |
---|---|
Eleanor D Merrick Foundation 18123-0 Pittsburgh, PA PURPOSE: GENERAL SUPPORT | $15,360 |
Beg. Balance | $66,660,739 |
Earnings | $13,783,874 |
Net Contributions | $1,216,842 |
Other Expense | $2,195,232 |
Ending Balance | $79,466,223 |
Organization Name | Assets | Revenue |
---|---|---|
Horace Mann School Bronx, NY | $475,824,158 | $137,244,948 |
Ethical Culture Fieldston School New York, NY | $252,651,487 | $107,394,843 |
Dalton Schools Inc New York, NY | $268,184,018 | $87,154,384 |
Milton Academy Milton, MA | $512,730,465 | $105,004,685 |
Riverdale Country School Inc Bronx, NY | $247,467,239 | $82,826,277 |
Trinity Episcopal Schools Corporation New York, NY | $265,614,292 | $76,873,691 |
United Nations International School New York, NY | $95,948,249 | $80,239,931 |
Columbia Grammar & Preparatory School New York, NY | $126,207,367 | $82,489,526 |
Poly Prep Country Day School Brooklyn, NY | $174,200,532 | $76,376,518 |
Saint Anns School Brooklyn, NY | $162,069,731 | $73,475,158 |
Pingry Corporation Basking Ridge, NJ | $215,792,985 | $70,756,009 |
Spence School New York, NY | $416,454,517 | $72,977,566 |