International Preschools
- Assets
- $9.9m
- Revenue
- $5.4m
- Investments
- $0.0
- Employees
- 56
- Location
- New York, NY
- Founding
- 12/1964
- Data as of
- 08/2022
- EIN
- 13-1992640
Organization Overview
International Preschools is located in New York, NY. The organization was established in 1964. According to its NTEE Classification (B21) the organization is classified as: Preschools, under the broad grouping of Education and related organizations. As of 08/2022, International Preschools employed 56 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. International Preschools 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 08/2022, International Preschools generated $5.4m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (8.3%) each year. All expenses for the organization totaled $5.6m during the year ending 08/2022. As we would expect to see with falling revenues, expenses have declined by (7.4%) per year over the past 7 years. 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 PRESCHOOL EDUCATIONAL PROGRAMS IN THE NEW YORK CITY METROPOLITAN AREA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING A PRESCHOOL EDUCATION TO 108 CHILDREN AGES TWO TO FIVE YEARS, WITH A FOCUS ON PROVIDING A SAFE EDUCATIONAL ENVIRONMENT FOR FAMILIES FROM ALL OVER THE WORLD.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Donna Cohen Director | OfficerTrustee | 45 | $265,609 |
Monique Tabbs Location/education Director | 35 | $116,897 | |
Alyssa Wisoff Location/education Director | 45 | $114,873 | |
Zin Min Soe Business Manager | Officer | 50 | $99,917 |
David Bernstein Secretary | OfficerTrustee | 5 | $0 |
Nathan Sleeper Treasurer | OfficerTrustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $12,220 |
| Related organizations | $0 |
| Government grants | $1,417,585 |
| All other contributions, gifts, grants, and similar amounts not included above | $280,118 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,709,923 |
| Total Program Service Revenue | $3,279,071 |
| Investment income | $322,672 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $12,707 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,377,823 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $155,895 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $431,251 |
| Compensation of current officers, directors, key employees. | $129,375 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,064,114 |
| Pension plan accruals and contributions | $113,974 |
| Other employee benefits | $513,372 |
| Payroll taxes | $179,424 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $13,200 |
| Fees for services: Accounting | $89,023 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $5,580 |
| Fees for services: Other | $154,478 |
| Advertising and promotion | $12,944 |
| Office expenses | $217,824 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,329,291 |
| Travel | $6,174 |
| 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 | $177,438 |
| Insurance | $148,643 |
| All other expenses | $32,151 |
| Total functional expenses | $5,644,776 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $366,861 |
| Savings and temporary cash investments | $1,239,426 |
| Pledges and grants receivable | $1,057,762 |
| Accounts receivable, net | $447 |
| 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 | $9,402 |
| Net Land, buildings, and equipment | $638,539 |
| Investments—publicly traded securities | $6,460,862 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $144,797 |
| Total assets | $9,918,096 |
| Accounts payable and accrued expenses | $65,673 |
| Grants payable | $0 |
| Deferred revenue | $1,364,617 |
| 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 | $583,667 |
| Total liabilities | $2,013,957 |
| Net assets without donor restrictions | $7,904,139 |
| 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 | $9,918,096 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that International Preschools has recieved totaling $10,519.
| Awarding Organization | Amount |
|---|---|
Elizabeth L Elting Foundation New York, NY PURPOSE: GENERAL SUPPORT | $5,000 |
Viking Global Foundation Inc Greenwich, CT PURPOSE: GENERAL SUPPORT | $2,500 |
Jp Morgan Chase Foundation New York, NY PURPOSE: GENERAL OPERATING SUPPORT | $2,500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $519 |
Endowment Analysis
| Beg. Balance | $1,000,000 |
| Earnings | $101,340 |
| Other Expense | $101,340 |
| Ending Balance | $1,000,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Jumpstart For Young Children Inc Boston, MA | $20,704,200 | $25,715,901 |
Holyoke Chicopee Springfield Head Start Inc Springfield, MA | $4,876,659 | $18,197,572 |
Belmont Day School Inc Belmont, MA | $53,871,739 | $17,214,948 |
Ocean Community Economic Action Now Inc Toms River, NJ | $23,267,325 | $17,288,435 |
The Kingsley Montessori School Inc Boston, MA | $12,852,129 | $12,365,430 |
Waldorf School Of Garden City Garden City, NY | $13,682,215 | $13,601,476 |
Nashoba Brooks School Of Concord Concord, MA | $34,636,415 | $10,867,224 |
Chestnut Hill School Chestnut Hill, MA | $33,385,087 | $15,409,802 |
Montessori Association Of New York New York, NY | $10,174,836 | $11,317,799 |
West Side Montessori School New York, NY | $34,513,067 | $10,367,667 |
Crossroads Continuum Inc Hudson, MA | $10,592,948 | $12,454,903 |
Kipp Philadelphia Charter School Philadelphia, PA | $30,756,682 | $16,805,323 |