Keio Academy Of New York
- Assets
- $59.4m
- Revenue
- $12.4m
- Investments
- $0.0
- Employees
- 104
- Location
- Purchase, NY
- Founding
- 03/1994
- Data as of
- 06/2023
- EIN
- 13-3520250
Organization Overview
Keio Academy Of New York is located in Purchase, NY. The organization was established in 1994. According to its NTEE Classification (B25) the organization is classified as: Secondary & High Schools, under the broad grouping of Education and related organizations. As of 06/2023, Keio Academy Of New York employed 104 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Keio Academy Of New York 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 06/2023, Keio Academy Of New York generated $12.4m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (4.5%) each year. All expenses for the organization totaled $14.3m during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (0.9%) 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
SEE FORM 990 PART III. LINE 1.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HIGH SCHOOL EDUCATION - THE SCHOOL STARTED THE OPERATIONS IN SEPTEMBER 1990 AND CURRENTLY HAS 244 STUDENTS. THE SCHOOL PROVIDED THE STUDENTS WITH EDUCATION WHICH HELPED THEM TO BECOME INTERNATIONALLY ACTIVE PERSONS.
AUXILIARY ACTIVITIES - PROVIDED THE STUDENTS WITH DORMITORY AND CAFETERIA SERVICES FOR THE CONVENIENCE OF STUDENTS WHO CAME FROM OVERSEAS AND REMOTE AREAS IN THE U.S.A.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Keita Yamauchi Trustee, Cha | Trustee | 1 | $0 |
Louise Feroe Trustee | Trustee | 1 | $0 |
Satoshi Kitada Trustee | Trustee | 1 | $0 |
Roger W Noble Trustee | Trustee | 1 | $0 |
Shunji Sasada Trustee | Trustee | 1 | $0 |
Kohei Itoh Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $226,230 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $226,230 |
| Total Program Service Revenue | $11,946,718 |
| Investment income | $353,347 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$104,089 |
| 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 | $12,426,566 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $94,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $524,716 |
| Compensation of current officers, directors, key employees. | $524,716 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,079,758 |
| Pension plan accruals and contributions | $172,452 |
| Other employee benefits | $1,079,844 |
| Payroll taxes | $216,556 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $77,221 |
| Fees for services: Accounting | $80,840 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,345,055 |
| Advertising and promotion | $17,587 |
| Office expenses | $238,371 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $193,543 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $77,029 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,013,432 |
| Insurance | $293,668 |
| All other expenses | $2 |
| Total functional expenses | $14,340,629 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $17,340,035 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $447,377 |
| 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 | $289,533 |
| Net Land, buildings, and equipment | $40,848,998 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $462,752 |
| Total assets | $59,388,695 |
| Accounts payable and accrued expenses | $381,370 |
| Grants payable | $0 |
| Deferred revenue | $6,411,899 |
| 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 | $454,736 |
| Total liabilities | $7,248,005 |
| Net assets without donor restrictions | $51,986,160 |
| Net assets with donor restrictions | $154,530 |
| 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 | $59,388,695 |