Poughkeepsie Day School Inc
- Assets
- $4.9m
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 30
- Location
- Poughkeepsie, NY
- Founding
- 10/1942
- Data as of
- 06/2023
- EIN
- 14-1364581
Organization Overview
Poughkeepsie Day School Inc is located in Poughkeepsie, NY. The organization was established in 1942. 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 06/2023, Poughkeepsie Day School Inc employed 30 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Poughkeepsie Day School Inc 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, Poughkeepsie Day School Inc generated $1.5m 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 (18.0%) each year. All expenses for the organization totaled $2.0m during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (15.5%) 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
TO PROVIDE EDUCATION SERVICES FOR PRE-KINDERGARTEN THROUGH GRADE 12.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE EDUCATION SERVICES FOR PRE-KINDERGARTEN THROUGH GRADE 12.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Barbara Wood Head Of School | Officer | 40 | $87,819 |
Christina Powers Director Of Operations (to Jan) | Officer | 40 | $53,230 |
Victoria Alexander Trustee | Trustee | 2 | $0 |
Matthew Buccelli Trustee | Trustee | 2 | $0 |
Patrice Knight Trustee (to Jan) | Trustee | 2 | $0 |
Kai Lord-Farmer Trustee | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $551,431 |
| All other contributions, gifts, grants, and similar amounts not included above | $27,676 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $579,107 |
| Total Program Service Revenue | $830,102 |
| Investment income | $34 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $71,883 |
| 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 | $1,481,126 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $151,249 |
| Compensation of current officers, directors, key employees. | $151,249 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $865,477 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $142,059 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $21,064 |
| Fees for services: Accounting | $58,906 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $2,473 |
| Fees for services: Other | $2,236 |
| Advertising and promotion | $29,056 |
| Office expenses | $29,839 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $92,269 |
| Travel | $106 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $85,090 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $325,391 |
| Insurance | $64,774 |
| All other expenses | $693 |
| Total functional expenses | $2,039,437 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $151,502 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $8,234 |
| 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 | $4,009,680 |
| Investments—publicly traded securities | $687,964 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,857,380 |
| Accounts payable and accrued expenses | $318,673 |
| Grants payable | $0 |
| Deferred revenue | $97,605 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $1,982,160 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $82,784 |
| Total liabilities | $2,481,222 |
| Net assets without donor restrictions | $1,641,479 |
| Net assets with donor restrictions | $734,679 |
| 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 | $4,857,380 |