De La Salle Academy
- Assets
- $17.3m
- Revenue
- $8.0m
- Investments
- $83.0k
- Employees
- 33
- Location
- New York, NY
- Founding
- 05/1988
- Data as of
- 06/2022
- EIN
- 13-3228140
Organization Overview
De La Salle Academy is located in New York, NY. The organization was established in 1988. 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, DE LA Salle Academy employed 33 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. DE LA Salle Academy 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, DE LA Salle Academy generated $8.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.1% each year. All expenses for the organization totaled $7.4m during the year ending 06/2022. While expenses have increased by 3.7% 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O.
Describe the Organization's Program Activity:
IN 2021-2022, DE LA SALLE ACADEMY PROVIDED 156 ACADEMICALLY TALENTED AND ECONOMICALLY LESS ADVANTAGED ADOLESCENTS IN GRADES SIX THROUGH EIGHT A SPIRITUALLY NURTURING AND ACADEMICALLY CHALLENGING ENVIRONMENT THEY NEEDED TO ENSURE BRIGHT FUTURES. STUDENTS TAKE A RIGOROUS AND ACCELERATED CURRICULUM THAT HAS EXPOSURE TO A BROADER RANGE OF SOCIAL AND SPIRITUAL VALUES THAT ARE NOT PRESENT IN THE NORMAL SCHOOL CURRICULUM. NO STUDENT WHO QUALIFIED FOR ADMISSION HAS BEEN TURNED AWAY BECAUSE OF A FAMILY'S FINANCIAL SITUATION. TUITION AND FEES NET OF FINANCIAL AID SCHOLARSHIPS TO THE STUDENTS ACCOUNTED FOR LESS THAN 10% OF THE TOTAL REVENUE OF THE ACADEMY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brother Brian Carty Founder | OfficerTrustee | 40 | $0 |
Leslie Schine Co-Chair | OfficerTrustee | 0.5 | $0 |
Ronald Rolfe Co-Chair | OfficerTrustee | 0.5 | $0 |
Michael Kempner Co-Chair: Finance | OfficerTrustee | 0.5 | $0 |
Lawrence Kemp Co-Chair: Finance | OfficerTrustee | 0.5 | $0 |
Jonathan Thier Secretary | OfficerTrustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $225,037 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,086,839 |
| Noncash contributions included in lines 1a–1f | $79,730 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,311,876 |
| Total Program Service Revenue | $3,654,784 |
| Investment income | $43,033 |
| 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 | $8,017,022 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $3,306,447 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $201,694 |
| Compensation of current officers, directors, key employees. | $42,356 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,057,471 |
| Pension plan accruals and contributions | $107,697 |
| Other employee benefits | $333,344 |
| Payroll taxes | $176,888 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $275 |
| Fees for services: Accounting | $34,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $27,581 |
| Fees for services: Other | $12,887 |
| Advertising and promotion | $20,145 |
| Office expenses | $261,174 |
| Information technology | $63,197 |
| Royalties | $0 |
| Occupancy | $430,354 |
| Travel | $4,315 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,900 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $134,090 |
| Insurance | $29,158 |
| All other expenses | $9,756 |
| Total functional expenses | $7,409,937 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $375,187 |
| Savings and temporary cash investments | $1,026,008 |
| Pledges and grants receivable | $1,687,913 |
| Accounts receivable, net | $5,581 |
| 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 | $21,694 |
| Net Land, buildings, and equipment | $3,111,900 |
| Investments—publicly traded securities | $8,406,461 |
| Investments—other securities | $82,978 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,575,293 |
| Total assets | $17,293,015 |
| Accounts payable and accrued expenses | $255,705 |
| Grants payable | $0 |
| Deferred revenue | $19,155 |
| 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 | $2,659,908 |
| Total liabilities | $2,934,768 |
| Net assets without donor restrictions | $9,913,679 |
| Net assets with donor restrictions | $4,444,568 |
| 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 | $17,293,015 |