The Parent Teacher Association Of Ps 41 Manhattan
- Assets
- $575.1k
- Revenue
- $477.7k
- Investments
- $0.0
- Employees
- 0
- Location
- New York, NY
- Founding
- 01/1994
- Data as of
- 08/2023
- EIN
- 13-3639266
Organization Overview
The Parent Teacher Association Of Ps 41 Manhattan is located in New York, NY. The organization was established in 1994. According to its NTEE Classification (B94) the organization is classified as: Parent & Teacher Groups, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Parent Teacher Association Of Ps 41 Manhattan 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 08/2023, Parent Teacher Association Of Ps 41 Manhattan generated $477.7k 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 (6.9%) each year. All expenses for the organization totaled $422.3k during the year ending 08/2023. As we would expect to see with falling revenues, expenses have declined by (10.0%) 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
THE PS 41 PTA IS MADE UP OF EVERY PARENT, EVERY GUARDIAN AND EVERY TEACHER AT PS 41. THE PTA IS GROUP OF PARENT VOLUNTEERS, WHO WORK WITH THE PS 41 COMMUNITY TO SUPPORT THE VISION OF THE SCHOOL THROUGH FUNDRAISING AND THE IMPLEMENTATION OF PROGRAMS AND INITIATIVES. OUR GOAL IS TO FOSTER A WELCOMING COMMUNITY FOR ALL PS 41 FAMILIES AND TO SUPPORT DIVERSE ENRICHMENT PROGRAMS FOR OUR CHILDREN THROUGHOUT THE SCHOOL YEAR. OUR COLLECTIVE PARTICIPATION ENABLES THE VIBRANT COMMUNITY OF PS 41 TO CONTINUE TO GROW AND THRIVE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPERVISORS, CONSULTANTS & MOVEMENT: PROVIDE TEACHERS, SUPERVISION AND ADDITIONAL INFORMATION FOR STUDENTS THAT IS NOT ORDINARILY PROVIDED VIA CURRICULUM.
BUDGET SUPPLEMENTS: SUPPLEMENTARY FUNDS FOR SCHOOL BUDGET AND TEACHERS SALARIES THAT WERE REDUCED THROUGH STATE AND CITY BUDGET REDUCTIONS/CUTBACKS.
CLASSROOM EXPENSES: SUPPLY LIBRARY AND TEXTBOOKS, TEACHING MATERIALS, GYM EQUIPMENT, AND FIELD TRIPS WHICH SUPPORTS EDUCATIONAL PROCESS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Beth Harkavy Axelrod Co 2nd VP | Officer | 10 | $0 |
Vernelle Murphy Co 1st VP | Officer | 15 | $0 |
Lauren Park Co-Treasurer | Officer | 15 | $0 |
Melissa Valdes Co-President | Officer | 45 | $0 |
Kate Wheeler Co Record Sec | Officer | 5 | $0 |
Alexei Gorichev Co VP Ext Fund | Officer | 15 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $44,137 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $280,506 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $324,643 |
| Total Program Service Revenue | $24,901 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $128,165 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $477,709 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $111,000 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,750 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $17,662 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $7,022 |
| Insurance | $2,640 |
| All other expenses | $155,215 |
| Total functional expenses | $422,336 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $537,852 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $37,240 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $575,092 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $575,092 |
| Net assets with donor restrictions | $0 |
| 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 | $575,092 |