North Country School Inc
- Assets
- $34.8m
- Revenue
- $11.8m
- Investments
- $9.8m
- Employees
- 196
- Location
- Lake Placid, NY
- Founding
- 10/1960
- Data as of
- 08/2023
- 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 08/2023, North Country School Inc employed 196 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 08/2023, North Country School Inc generated $11.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.6% each year. All expenses for the organization totaled $10.1m during the year ending 08/2023. While expenses have increased by 3.9% per year over the past 7 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
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:
PROVIDE EDUCATION AND LEARNING AT A PRIVATE SCHOOL AND COMMUNITY SETTING. INCLUDES SCHOOL AND SUMMER PROGRAMS. APPROXIMATELY 82 PEOPLE SERVED.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Todd Ormiston Executive Dir. | Officer | 50 | $222,706 |
Fritz Sabbow CFO | Officer | 50 | $104,567 |
Greg Marchildon Trustee | Trustee | 1 | $0 |
Stefan Nowicki Trustee | Trustee | 1 | $0 |
Ed Biddle Trustee | Trustee | 1 | $0 |
Lisa Beck Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Sysco Albany Llc Food Distributor | 8/30/23 | $155,416 |
Hyde Fuel Fuel Provider | 8/30/23 | $103,537 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,785,833 |
| Noncash contributions included in lines 1a–1f | $819,479 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,785,833 |
| Total Program Service Revenue | $6,945,524 |
| Investment income | $1,001,949 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $14,781 |
| Net Income from Fundraising Events | $65,597 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $11,840,434 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,357,305 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $373,542 |
| Compensation of current officers, directors, key employees. | $373,542 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,359,831 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $745,070 |
| Payroll taxes | $262,985 |
| 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 | $633,812 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $235,398 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,051,762 |
| Insurance | $302,005 |
| All other expenses | $326,019 |
| Total functional expenses | $10,081,502 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $83,197 |
| Savings and temporary cash investments | $2,643,938 |
| Pledges and grants receivable | $176,134 |
| Accounts receivable, net | $1,782,852 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $15,534 |
| Prepaid expenses and deferred charges | $186,447 |
| Net Land, buildings, and equipment | $13,604,267 |
| Investments—publicly traded securities | $6,252,643 |
| Investments—other securities | $9,828,198 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $180,932 |
| Total assets | $34,754,142 |
| Accounts payable and accrued expenses | $123,633 |
| Grants payable | $0 |
| Deferred revenue | $3,982,350 |
| 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 | $5,066,880 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $146,567 |
| Total liabilities | $9,319,430 |
| Net assets without donor restrictions | $15,011,649 |
| Net assets with donor restrictions | $10,423,063 |
| 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 | $34,754,142 |