Rye Country Day School
- Assets
- $163.3m
- Revenue
- $56.4m
- Investments
- $8.0m
- Employees
- 325
- Location
- Rye, NY
- Founding
- 08/1936
- Data as of
- 06/2022
- EIN
- 13-1740484
Organization Overview
Rye Country Day School is located in Rye, NY. The organization was established in 1936. 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 06/2022, Rye Country Day School employed 325 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rye Country Day 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, Rye Country Day School generated $56.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.8% each year. All expenses for the organization totaled $51.2m during the year ending 06/2022. While expenses have increased by 3.2% 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
TO OPERATE A COEDUCATIONAL COLLEGE PREP SCHOOL DEDICATED TO PROVIDING STUDENTS FROM PRE-K THROUGH GRADE 12 WITH A CHALLENGING PROGRAM USING TRADITIONAL AND INNOVATIVE APPROACH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RYE COUNTRY DAY SCHOOL IS A HIGHLY COMPETITIVE COLLEGE PREPARATORY SCHOOL WHERE STUDENTS CONTINUE TO ACHIEVE OUTSTANDING RESULTS ON ADVANCED PLACEMENT EXAMS, AS WELL AS THE SAT'S AND ACT'S. THE ACADEMIC EXCELLENCE, IN TURN SUPPORTS A VERY SUCCESSFUL MATRICULATION RATE AT MANY OF THE NATION'S TOP COLLEGES AND UNIVERSITIES. RYE COUNTRY DAY SCHOOL HAS CONTINUED TO ENJOY A HEALTHY FINANCIAL POSITION AS A RESULT OF STRONG ADMISSIONS DEMAND,FULL ENROLLMENT, PRUDENT FINANCIAL MANAGEMENT AND GENEROUS FUNDRAISING SUPPORT. THE HEALTHY FINANCIAL POSITION HAS ENABLED THE SCHOOL TO MAINTAIN ITS EXTENSIVE NEED-BASED FINANCIAL AID PROGRAM THAT PROVIDES $6,053,978 TO 150 STUDENTS THROUGHOUT THE SCHOOL. THE SCHOOL HAS DEVELOPED A COMPREHENSIVE SCHOOL-WIDE DIVERSITY PLAN THAT IDENTIFIES INITIATIVES RELATED TO STUDENTS RECRUITMENT AND SUPPORT, PARENTS SUPPORT, SCHOOL LEADERSHIP, CURRICULUM FACULTY RECRUITMENT AND SUPPORT, PROFESSIONAL DEVELOPMENT AND COMMUNITY BUILDING. THERE CONTINUES TO BE SIGNIFICANT PROGRESS IN EACH AREA AS THE SCHOOL COMPLETES THE TENTH YEAR OF THE DIVERSITY PLAN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Scott Nelson Head Of School | Officer | 50 | $793,109 |
Meredith Dechabert Assistant Head Of School | Officer | 45 | $240,799 |
Robert Brody Dir Of Finance (through 11/21) | Officer | 45 | $338,659 |
Lynette Gioffre Director Of Advancement | 45 | $246,797 | |
Wendy Haft Director Of Athletics | 45 | $229,694 | |
Andrew Gillies Director Of Technology | 45 | $207,834 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Sodexo Facilty Mgt / Custod | 6/29/22 | $1,203,697 |
Dhi Construction Construction | 6/29/22 | $1,396,155 |
Flik International Food | 6/29/22 | $1,105,536 |
A Book Company Llc Books | 6/29/22 | $175,441 |
Shulte Roth Zable Legal | 6/29/22 | $273,707 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $236,000 |
| Related organizations | $0 |
| Government grants | $782,676 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,433,109 |
| Noncash contributions included in lines 1a–1f | $312,198 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,451,785 |
| Total Program Service Revenue | $45,839,655 |
| Investment income | $2,162,866 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $105,270 |
| Net Gain/Loss on Asset Sales | $1,054,191 |
| Net Income from Fundraising Events | $563,943 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $56,361,387 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $6,053,978 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $931,352 |
| Compensation of current officers, directors, key employees. | $898,783 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $23,138,187 |
| Pension plan accruals and contributions | $1,214,838 |
| Other employee benefits | $3,172,538 |
| Payroll taxes | $2,055,106 |
| Fees for services: Management | $698,943 |
| Fees for services: Legal | $488,529 |
| Fees for services: Accounting | $64,169 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $320,015 |
| Fees for services: Other | $1,509,631 |
| Advertising and promotion | $0 |
| Office expenses | $4,742,766 |
| Information technology | $379,791 |
| Royalties | $0 |
| Occupancy | $551,073 |
| Travel | $613,976 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $340,116 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,272,840 |
| Insurance | $396,547 |
| All other expenses | $0 |
| Total functional expenses | $51,211,863 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $12,378,939 |
| Savings and temporary cash investments | $2,288,697 |
| Pledges and grants receivable | $428,898 |
| Accounts receivable, net | $400,955 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $366,123 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $891,508 |
| Net Land, buildings, and equipment | $68,527,490 |
| Investments—publicly traded securities | $70,058,097 |
| Investments—other securities | $8,001,204 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,224 |
| Total assets | $163,344,135 |
| Accounts payable and accrued expenses | $3,126,305 |
| Grants payable | $0 |
| Deferred revenue | $9,364,254 |
| 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 | $0 |
| Other liabilities | $2,017,886 |
| Total liabilities | $14,508,445 |
| Net assets without donor restrictions | $96,662,127 |
| Net assets with donor restrictions | $52,173,563 |
| 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 | $163,344,135 |