North Country School Inc
- Assets
- $35.8m
- Revenue
- $9.0m
- Investments
- $11.3m
- Employees
- 194
- Location
- Lake Placid, NY
- Founding
- 10/1960
- Data as of
- 08/2021
- EIN
- 14-1430542
Organization Overview
North Country School Inc is located in Lake Placid, NY. The organization was established in 1960. 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 08/2022, North Country School Inc employed 194 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. North Country 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 08/2021, North Country School Inc generated $9.0m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (0.4%) each year. All expenses for the organization totaled $8.5m during the year ending 08/2021. 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
THE ORGANIZATION IS CONCERNED WITH THE EDUCATION OF CHILDREN IN MIND AND BODY IN NONTRADITIONAL FORMATS AS WELL AS AN APPRECIATION FOR NATURE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE EDUCATION AND LEARNING AT A PRIVATE SCHOOL AND COMMUNITY SETTING. INCLUDES SCHOOL AND SUMMER PROGRAMS. APPROXIMATELY 82 PEOPLE SERVED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Todd Ormiston Executive Dir. | Officer | 50 | $217,691 |
Fritz Sabbow CFO | Officer | 50 | $91,772 |
Matthew Tuck Treasurer | OfficerTrustee | 1 | $0 |
Mara F Wallace Secretary | OfficerTrustee | 1 | $0 |
Pamela Rosenthal Vice-Chair | OfficerTrustee | 1 | $0 |
Barkley Stuart Chair | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Neagley & Chase Construct Construction Mgmt. | 8/30/21 | $391,734 |
Mcj Construction Llc Construction Mgmt. | 8/30/21 | $567,170 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,366,982 |
| Investment income | $130,427 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $57,391 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $9,025,881 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $1,167,579 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $321,074 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,799,983 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $590,030 |
| Payroll taxes | $216,925 |
| 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 | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $561,910 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $330,861 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,086,907 |
| Insurance | $271,482 |
| All other expenses | $0 |
| Total functional expenses | $8,484,481 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,750,093 |
| Savings and temporary cash investments | $306,955 |
| Pledges and grants receivable | $558,061 |
| Accounts receivable, net | $1,590,959 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $14,855 |
| Prepaid expenses and deferred charges | $175,516 |
| Investments—publicly traded securities | $4,872,009 |
| Investments—other securities | $11,272,653 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $180,698 |
| Total assets | $35,753,057 |
| Accounts payable and accrued expenses | $132,358 |
| Grants payable | $0 |
| Deferred revenue | $3,170,050 |
| 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 | $5,560,412 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $120,686 |
| Total liabilities | $8,983,506 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $26,769,551 |
Grants Recieved
Over the last fiscal year, we have identified 28 grants that North Country School Inc has recieved totaling $272,842.
| Awarding Organization | Amount |
|---|---|
Ejmp Fund For Philanthropy Riverside, RI PURPOSE: GENERAL OPERATING FUND | $81,250 |
Posner Foundation Of Pittsburgh Pittsburgh, PA PURPOSE: UNRESTRICTED/ GENERAL USE | $25,000 |
Organization Name not Listed PURPOSE: GENERAL | | $20,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $15,189 |
The Community Foundation For Northeast Florida Inc Jacksonville, FL PURPOSE: FOR THE STEIN ROBBINS ENDOWMENT/CAPITAL FUND ROUND LAKE COTTAGE | $15,000 |
J M Kaplan Fund Inc New York, NY PURPOSE: GENERAL OPERATING SUPPORT | $15,000 |
Endowment Analysis
| Beg. Balance | $16,291,719 |
| Earnings | -$2,317,774 |
| Net Contributions | $118,992 |
| Other Expense | $575,000 |
| Ending Balance | $13,517,937 |
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 |