American Academy Mcallister Institute Of Funeral Service Inc
- Assets
- $13.9m
- Revenue
- $4.2m
- Investments
- $0.0
- Employees
- 36
- Location
- New York, NY
- Founding
- 11/1967
- Data as of
- 09/2023
- EIN
- 13-2590811
Organization Overview
American Academy Mcallister Institute Of Funeral Service Inc is located in New York, NY. The organization was established in 1967. According to its NTEE Classification (B30) the organization is classified as: Vocational & Technical Schools, under the broad grouping of Education and related organizations. As of 09/2023, American Academy Mcallister Institute Of Funeral Service Inc employed 36 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. American Academy Mcallister Institute Of Funeral Service 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 09/2023, American Academy Mcallister Institute Of Funeral Service Inc generated $4.2m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (3.7%) each year. All expenses for the organization totaled $4.7m during the year ending 09/2023. As we would expect to see with falling revenues, expenses have declined by (2.5%) per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
AMERICAN ACADEMY MCALLISTER INSTITUTE OF FUNERAL SERVICES, INC. ("THE INSTITUTE") OPERATES FOR THE PURPOSE OF PROVIDING AN EDUCATION TO ITS STUDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE INSTITUTE CONSISTENTLY EDUCATES APPROXIMATELY 300 STUDENTS PER SEMESTER AND TYPICALLY ENROLLS MORE THAN 150 NEW STUDENTS EACH YEAR. THE POPULATION DENSITY OF THE REGION THE INSTITUTE PRIMARILY SERVES, ALONG WITH THE SEVERE STAFFING SHORTAGE IN THE PROFESSION, HAS INCREASED THE IMPORTANCE OF THE INSTITUTE'S ROLE IN FUNERAL SERVICE EDUCATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mary Margaret Dunn Trustee | Trustee | 25 | $62,378 |
Alexander Buchholz Trustee | Trustee | 1 | $0 |
Mary-Ellen Chiffriller Trustee(resigned March 2023) | Trustee | 1 | $0 |
Ayris Granby Trustee | Trustee | 1 | $0 |
Lizabeth S Konopka Trustee | Trustee | 1 | $0 |
William Flooks Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Davidoff Hutcher Citron Llp Legal Services | 9/29/23 | $238,599 |
Bond Schoeneck King Pllc Legal Services | 9/29/23 | $116,361 |
Dorothy Hutchins Mortuary Services | 9/29/23 | $128,688 |
Joseph Casario Mortuary Services | 9/29/23 | $114,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $38,758 |
| 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 | $38,758 |
| Total Program Service Revenue | $4,148,157 |
| Investment income | $37,137 |
| 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 | $4,224,052 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $38,758 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $705,482 |
| Compensation of current officers, directors, key employees. | $496,734 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,282,523 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $221,397 |
| Payroll taxes | $153,740 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $257,854 |
| Fees for services: Accounting | $117,700 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $4,340 |
| Fees for services: Other | $239,841 |
| Advertising and promotion | $6,435 |
| Office expenses | $220,839 |
| Information technology | $203,584 |
| Royalties | $0 |
| Occupancy | $952,182 |
| Travel | $19,507 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,116 |
| Interest | $757 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $47,883 |
| Insurance | $110,247 |
| All other expenses | $0 |
| Total functional expenses | $4,706,685 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $984,284 |
| Savings and temporary cash investments | $547,433 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $774,927 |
| 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 | $616,540 |
| Net Land, buildings, and equipment | $606,534 |
| Investments—publicly traded securities | $919,671 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $9,314,172 |
| Other assets | $104,863 |
| Total assets | $13,868,424 |
| Accounts payable and accrued expenses | $333,901 |
| Grants payable | $0 |
| Deferred revenue | $710,378 |
| 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 | $10,007,193 |
| Total liabilities | $11,051,472 |
| Net assets without donor restrictions | $2,816,593 |
| Net assets with donor restrictions | $359 |
| 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 | $13,868,424 |