Corlears School
- Assets
- $10.6m
- Revenue
- $6.2m
- Investments
- $0.0
- Employees
- 74
- Location
- New York, NY
- Founding
- 02/1958
- Data as of
- 06/2022
- 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 06/2022, Corlears School employed 74 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 06/2022, Corlears School generated $6.2m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.4%) each year. All expenses for the organization totaled $8.6m during the year ending 06/2022. 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
2022
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 91 STUDENTS DURING THE 21-22 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 | $276,132 |
Robert Fantauzzi Director, Business & Finance | Officer | 40 | $196,387 |
Nicole Ziccardi Dean, Faculty/dir., Curriculum | 40 | $125,669 | |
Mansi Vasa Director Of Equity/inclusion | 40 | $125,845 | |
Yvonne Casuso Director Of Development | 40 | $112,650 | |
Brandon Weber Chair | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $154,939 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,085,292 |
| Noncash contributions included in lines 1a–1f | $41,031 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,240,231 |
| Total Program Service Revenue | $4,948,120 |
| Investment income | $528 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $185 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$45,742 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,153,241 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,663,726 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $528,760 |
| Compensation of current officers, directors, key employees. | $192,956 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,432,816 |
| Pension plan accruals and contributions | $140,580 |
| Other employee benefits | $540,946 |
| Payroll taxes | $280,506 |
| Fees for services: Management | $10,000 |
| Fees for services: Legal | $51,463 |
| Fees for services: Accounting | $36,577 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $169,614 |
| Advertising and promotion | $0 |
| Office expenses | $589,434 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $429,716 |
| Travel | $97,099 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $3,436 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $346,824 |
| Insurance | $79,212 |
| All other expenses | $0 |
| Total functional expenses | $8,626,853 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $162,683 |
| Savings and temporary cash investments | $125,473 |
| Pledges and grants receivable | $88,912 |
| Accounts receivable, net | $42,682 |
| 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 | $24,531 |
| Net Land, buildings, and equipment | $10,165,674 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $10,609,955 |
| Accounts payable and accrued expenses | $383,640 |
| Grants payable | $0 |
| Deferred revenue | $1,633,501 |
| Tax-exempt bond liabilities | $6,444,177 |
| 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 | $730,000 |
| Other liabilities | $110,750 |
| Total liabilities | $9,302,068 |
| Net assets without donor restrictions | $1,096,132 |
| Net assets with donor restrictions | $211,755 |
| 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 | $10,609,955 |