Corlears School
- Assets
- $11.9m
- Revenue
- $8.5m
- Investments
- $0.0
- Employees
- 66
- Location
- New York, NY
- Founding
- 02/1958
- Data as of
- 06/2021
- EIN
- 13-5653140
Organization Overview
Corlears School is located in New York, NY. The organization was established in 1958. 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 06/2021, Corlears School employed 66 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Corlears 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 06/2021, Corlears School generated $8.5m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.9% each year. All expenses for the organization totaled $8.2m during the year ending 06/2021. While expenses have increased by 4.1% per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO OPERATE A NON-PROFIT PRIVATE SCHOOL FOR STUDENTS AGED 2-10.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CORLEARS SCHOOL IS AN INDEPENDENT SCHOOL FOR STUDENTS AGED 2-10. IT PROVIDES NURSERY THROUGH FIFTH GRADE EDUCATIONAL SERVICES. CORLEARS SERVED 123 STUDENTS DURING THE 20-21 SCHOOL YEAR WITH A MISSION AS CORLEARS STUDENTS LEARN, PLAY AND GROW TOGETHER IN A SCHOOL DESIGNED FOR WHO THEY ARE. DURING THESE CRUCIAL FORMATIVE YEARS, WE BUILD A FOUNDATION OF COMPASSION, CRITICAL THINKING, IMAGINATION AND LEADERSHIP, AND CULTIVATE A JOY AND CONFIDENCE IN LEARNING THAT SERVES OUR GRADUATES THROUGHOUT THEIR LIVES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Egolf Head Of School | Officer | 40 | $265,795 |
Robert Fantauzzi Director, Business & Finance | Officer | 40 | $186,724 |
Thea Kabacinski Director, Enrollment Managemen | 40 | $141,150 | |
Mansi Vasa Director Of Equity & Inclusion | 40 | $119,869 | |
Brandon Weber Chair | OfficerTrustee | 2 | $0 |
Joel Steinhaus Vice Chair | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,682,831 |
| All other contributions, gifts, grants, and similar amounts not included above | $797,795 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,480,626 |
| Total Program Service Revenue | $5,854,599 |
| Investment income | $2,539 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $99,373 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,454,050 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,484,328 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $557,817 |
| Compensation of current officers, directors, key employees. | $192,665 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,268,913 |
| Pension plan accruals and contributions | $117,936 |
| Other employee benefits | $481,100 |
| Payroll taxes | $270,140 |
| Fees for services: Management | $15,500 |
| Fees for services: Legal | $21,182 |
| Fees for services: Accounting | $35,016 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $163,765 |
| Advertising and promotion | $0 |
| Office expenses | $653,214 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $432,579 |
| Travel | $116,422 |
| 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 | $346,308 |
| Insurance | $70,127 |
| All other expenses | $0 |
| Total functional expenses | $8,232,739 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $724,637 |
| Savings and temporary cash investments | $533,672 |
| Pledges and grants receivable | $220,030 |
| Accounts receivable, net | $78,795 |
| 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 | $25,781 |
| Net Land, buildings, and equipment | $10,364,555 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $11,947,470 |
| Accounts payable and accrued expenses | $420,997 |
| Grants payable | $0 |
| Deferred revenue | $995,382 |
| Tax-exempt bond liabilities | $6,638,842 |
| 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 | $110,750 |
| Total liabilities | $8,165,971 |
| Net assets without donor restrictions | $3,152,113 |
| Net assets with donor restrictions | $629,386 |
| 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 | $11,947,470 |
Grants Recieved
Over the last fiscal year, we have identified 8 grants that Corlears School has recieved totaling $311,651.
| Awarding Organization | Amount |
|---|---|
Goldman Sachs Charitable Gift Fund New York, NY PURPOSE: SCHOLARSHIPS & FINANCIAL AID | $170,000 |
Goldman Sachs Philanthropy Fund New York, NY PURPOSE: EDUCATION | $87,740 |
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $17,120 |
American Endowment Foundation Hudson, OH PURPOSE: GENERAL OPERATING SUPPORT | $12,000 |
W I L D Foundation Pearl River, NY PURPOSE: GENERALOPERATIONS | $10,000 |
Charities Aid Foundation America Alexandria, VA PURPOSE: CHARITABLE DONATION | $9,777 |
Endowment Analysis
| Beg. Balance | $61,004 |
| Earnings | $2,539 |
| Other Expense | $2,539 |
| Ending Balance | $61,004 |
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 |