French American School Of New York Inc
- Assets
- $31.2m
- Revenue
- $25.5m
- Investments
- $0.0
- Employees
- 230
- Location
- Mamaroneck, NY
- Founding
- 07/1981
- Data as of
- 06/2021
- EIN
- 13-3052502
Organization Overview
French American School Of New York Inc is located in Mamaroneck, NY. The organization was established in 1981. As of 06/2021, French American School Of New York Inc employed 230 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. French American School Of New York 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 06/2021, French American School Of New York Inc generated $25.5m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (0.7%) each year. All expenses for the organization totaled $24.2m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (1.0%) per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
FASNY DEVELOPS GLOBALLY LITERATE, MULTI-CULTURAL LIFELONG LEARNERS THROUGH A UNIQUE PROGRAM THAT INTEGRATES FRENCH, AMERICAN AND INTERNATIONAL CURRICULA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FRENCH AMERICAN SCHOOL OF NEW YORK, INC. PROVIDES A CONTINUOUS, BILINGUAL, EDUCATION PROGRAM FOR BOYS AND GIRLS FROM NURSERY THROUGH TWELFTH GRADE. THE SCHOOL PROVIDED EDUCATION TO 714 STUDENTS IN FISCAL YEAR 2021.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Francis Gianni Head Of School | Officer | 40 | $378,511 |
Pascale Tooth Dir Of Finance & Operations | Officer | 40 | $255,825 |
Boualem Maizia Head Of High School | 40 | $200,563 | |
Charles Grenon Head Of Elementary & Preschool | 40 | $157,662 | |
Daryl Woolsey Director Of Development | 40 | $152,200 | |
Michael Cronin Director Of Facilities | 40 | $145,200 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Dekalb Development Corp Contractors | 6/29/19 | $252,602 |
Capital Contractors Contractors | 6/29/19 | $139,619 |
Morano Landscape Garden Design Ltd Landscaping | 6/29/19 | $124,599 |
Zarin Steinmetz Legal | 6/29/19 | $120,221 |
County Coach Corp Transportation | 6/29/19 | $116,350 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $499,375 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $578,915 |
| Noncash contributions included in lines 1a–1f | $174,375 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,078,290 |
| Total Program Service Revenue | $23,923,997 |
| Investment income | $123,670 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $20,730 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $25,464,765 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $2,543,965 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $824,260 |
| Compensation of current officers, directors, key employees. | $824,260 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $11,750,098 |
| Pension plan accruals and contributions | $616,352 |
| Other employee benefits | $2,095,985 |
| Payroll taxes | $941,440 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $172,158 |
| Fees for services: Accounting | $98,423 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $340,499 |
| Advertising and promotion | $247,713 |
| Office expenses | $807,992 |
| Information technology | $666,101 |
| Royalties | $0 |
| Occupancy | $2,235,543 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $43,389 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $522,027 |
| Insurance | $177,672 |
| All other expenses | $710 |
| Total functional expenses | $24,212,043 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $16,137,655 |
| Savings and temporary cash investments | $2,967,473 |
| Pledges and grants receivable | $76,900 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $1,539 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $2,167 |
| Inventories for sale or use | $7,178 |
| Prepaid expenses and deferred charges | $202,793 |
| Net Land, buildings, and equipment | $1,991,880 |
| Investments—publicly traded securities | $1,211,912 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $8,579,157 |
| Total assets | $31,178,654 |
| Accounts payable and accrued expenses | $1,497,006 |
| Grants payable | $0 |
| Deferred revenue | $14,289,465 |
| 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 | $4,275,971 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,294,035 |
| Total liabilities | $21,356,477 |
| Net assets without donor restrictions | $7,337,206 |
| Net assets with donor restrictions | $2,484,971 |
| 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 | $31,178,654 |
Grants Recieved
Over the last fiscal year, we have identified 8 grants that French American School Of New York Inc has recieved totaling $83,560.
| Awarding Organization | Amount |
|---|---|
Charles And Marjorie Holloway Foundation Inc Woodcliff Lake, NJ PURPOSE: SCHOLARSHIP FUNDING | $68,000 |
American Society Of The French Legion Of Honor Inc Goshen, NY PURPOSE: SUPPORT OF EDUCATIONAL PROGRAM | $10,000 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $2,000 |
Sandpiper Fund Inc New Rochelle, NY PURPOSE: TO FURTHER DONEE'S EXEMPT PURPOSE | $1,000 |
Smbc Global Foundation Inc New York, NY PURPOSE: ARTS, CULTURE AND HUMANITIES | $1,000 |
Pfizer Foundation Inc New York, NY PURPOSE: MATCHING GIFTS | $1,000 |
Endowment Analysis
| Beg. Balance | $883,459 |
| Earnings | $123,247 |
| Other Expense | $38,597 |
| Ending Balance | $968,109 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
French American School Of New York Inc Mamaroneck, NY | $31,178,654 | $25,464,765 |
German International School New York White Plains, NY | $40,750,260 | $11,114,158 |
American Association Of Teachers Of German Inc Cherry Hill, NJ | $2,143,385 | $945,636 |
English Speaking Union Of The United States New York, NY | $0 | $138,165 |
German Language School Of Morris Cedar Knolls, NJ | $258,760 | $147,496 |