Northwood School
- Assets
- $28.2m
- Revenue
- $12.6m
- Investments
- $0.0
- Employees
- 77
- Location
- Lake Placid, NY
- Founding
- 06/1938
- Data as of
- 06/2022
- EIN
- 14-1401103
Organization Overview
Northwood School is located in Lake Placid, NY. The organization was established in 1938. 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, Northwood School employed 77 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Northwood 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, Northwood School generated $12.6m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 6.3% each year. All expenses for the organization totaled $10.7m during the year ending 06/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION IS PRIMARILY A BOARDING SECONDARY PREPARATORY SCHOOL WITH SOME DAY STUDENTS WHICH EMPHASIZES ACADEMICS BUT HAS A RIGOROUS ATHLETIC PROGRAM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE SCHOOL IS A COLLEGE PREPARATORY WITH STRONG ACADEMICS AND ATHLETIC PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Maher Head Of School | Officer | 40 | $638,912 |
Teresa Brady CFO | Officer | 40 | $127,432 |
Thomas Broderick Assist Head School | 40 | $121,440 | |
Frederick Mccauley Dir Coll. Counsel. | 40 | $118,864 | |
Tommy Biesmeyer Head Of Skiing | 40 | $121,130 | |
Stacy Mccoy Prime C. Innovation Off. | 40 | $102,000 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Oneil Contracting Construction | 6/29/23 | $320,990 |
Sodexo Llc Food Service | 6/29/23 | $741,030 |
Reinhart Food Service Food Service | 6/29/23 | $201,385 |
Cpl Team Architectural Engineer. | 6/29/23 | $243,650 |
Usherwood Office Technology It Services | 6/29/23 | $239,237 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $989,781 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,932,773 |
| Noncash contributions included in lines 1a–1f | $1,347,337 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,922,554 |
| Total Program Service Revenue | $6,373,606 |
| Investment income | $333,641 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$73,934 |
| 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 | $12,555,867 |
| 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. | $779,971 |
| Compensation of current officers, directors, key employees. | $779,971 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,914,064 |
| Pension plan accruals and contributions | $114,072 |
| Other employee benefits | $682,220 |
| Payroll taxes | $299,548 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| 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 | $30,447 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $101,806 |
| 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 | $771,333 |
| Insurance | $234,363 |
| All other expenses | $1,399,920 |
| Total functional expenses | $10,746,509 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,536 |
| Savings and temporary cash investments | $1,642,435 |
| Pledges and grants receivable | $169,982 |
| Accounts receivable, net | $3,931,541 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $20,736 |
| Prepaid expenses and deferred charges | $156,255 |
| Net Land, buildings, and equipment | $15,162,060 |
| Investments—publicly traded securities | $6,971,487 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $129,922 |
| Other assets | $0 |
| Total assets | $28,186,954 |
| Accounts payable and accrued expenses | $179,545 |
| Grants payable | $0 |
| Deferred revenue | $6,007,413 |
| 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 | $2,034,363 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $332,817 |
| Total liabilities | $8,554,138 |
| Net assets without donor restrictions | $16,516,527 |
| Net assets with donor restrictions | $3,116,289 |
| 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 | $28,186,954 |