Studio School
- Assets
- $9.3m
- Revenue
- $4.1m
- Investments
- $0.0
- Employees
- 44
- Location
- New York, NY
- Founding
- 11/1971
- Data as of
- 07/2022
- EIN
- 13-2684082
Organization Overview
Studio School is located in New York, NY. The organization was established in 1971. According to its NTEE Classification (B24) the organization is classified as: Primary & Elementary Schools, under the broad grouping of Education and related organizations. As of 07/2022, Studio School employed 44 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Studio 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 07/2022, Studio School generated $4.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.3% each year. All expenses for the organization totaled $3.9m during the year ending 07/2022. While expenses have increased by 2.6% 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 PRIVATE ELEMENTARY SCHOOL ( PRESCHOOL THROUGH 8TH GRADE) FOR THE BENEFIT OF THE LOCAL COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF ELEMENTARY SCHOOL- APPROXIMATELY 120 STUDENTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Janet Rotter Head Of School | OfficerTrustee | 40 | $164,374 |
Cynthia Noe Secretary | OfficerTrustee | 5 | $0 |
Susan Mamis President | OfficerTrustee | 5 | $0 |
Nasir Khan Treasurer | OfficerTrustee | 5 | $0 |
James Cavoli Member | Trustee | 5 | $0 |
Ian Patrick Member | Trustee | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Eisneramper Llp Accounting And Audit Fees | 7/30/19 | $155,552 |
Brynna J Schudrich Ms Ccc-slp Therapist | 7/30/19 | $112,450 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $264,289 |
| Related organizations | $0 |
| Government grants | $237,793 |
| All other contributions, gifts, grants, and similar amounts not included above | $130,536 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $632,618 |
| Total Program Service Revenue | $3,455,875 |
| Investment income | $113 |
| 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 | $4,088,606 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $164,375 |
| Compensation of current officers, directors, key employees. | $41,094 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,440,548 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $149,789 |
| Payroll taxes | $137,802 |
| Fees for services: Management | $7,811 |
| Fees for services: Legal | $350 |
| Fees for services: Accounting | $73,108 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $435,682 |
| Advertising and promotion | $10,348 |
| Office expenses | $87,093 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $73,676 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $572,019 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $348,173 |
| Insurance | $63,596 |
| All other expenses | $38,737 |
| Total functional expenses | $3,924,019 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $978,049 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $124,352 |
| 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 | $87,401 |
| Net Land, buildings, and equipment | $7,520,923 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $626,067 |
| Total assets | $9,336,792 |
| Accounts payable and accrued expenses | $146,175 |
| Grants payable | $0 |
| Deferred revenue | $1,335,849 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $294,072 |
| Secured mortgages and notes payable | $9,199,509 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $10,975,605 |
| Net assets without donor restrictions | -$1,661,976 |
| Net assets with donor restrictions | $23,163 |
| 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 | $9,336,792 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Studio School has recieved totaling $100,505.
| Awarding Organization | Amount |
|---|---|
Morgan Stanley Global Impact Funding Trust Inc Indianapolis, IN PURPOSE: UNRESTRICTED GENERAL SUPPORT | $65,000 |
Campbell Family Foundation Edison, NJ PURPOSE: GENERAL & UNRESTRICTED | $15,000 |
Community Foundation Of New Jersey Morristown, NJ PURPOSE: GENERAL SUPPORT | $10,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $9,726 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $529 |
Kroo-Grunfeld Family Foundation Inc New York, NY PURPOSE: DONATION | $250 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
New Foundations Charter School Marlton, NJ | $17,967,778 | $23,202,828 |
Village Community School New York, NY | $70,966,980 | $22,510,782 |
Lycee International De Boston International School Of Boston Inc Cambridge, MA | $37,411,967 | $19,857,918 |
Speyer Legacy School New York, NY | $16,160,814 | $25,812,126 |
Fenn School Inc Concord, MA | $99,819,486 | $20,241,981 |
Lancaster Country Day School Lancaster, PA | $75,848,302 | $20,350,115 |
Freire Charter School Philadelphia, PA | $7,896,247 | $17,871,218 |
Academy In Manayunk Inc Conshohocken, PA | $64,687,092 | $23,625,839 |
Amistad Academy Inc New Haven, CT | $35,461,697 | $16,961,980 |
Foote School Association Inc New Haven, CT | $45,302,394 | $17,181,198 |
Rumsey Hall School Incorporated Washington Depot, CT | $67,305,104 | $16,603,122 |
Celebrate The Children Inc Denville, NJ | $8,659,449 | $15,671,388 |