Elisabeth Morrow School
- Assets
- $43.8m
- Revenue
- $20.3m
- Investments
- $18.7m
- Employees
- 211
- Location
- Englewood, NJ
- Founding
- 11/1936
- Data as of
- 06/2021
- EIN
- 22-1487171
Organization Overview
Elisabeth Morrow School is located in Englewood, NJ. The organization was established in 1936. According to its NTEE Classification (B20) the organization is classified as: Elementary & Secondary Schools, under the broad grouping of Education and related organizations. As of 06/2021, Elisabeth Morrow School employed 211 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Elisabeth Morrow 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 06/2021, Elisabeth Morrow School generated $20.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.8% each year. All expenses for the organization totaled $19.7m during the year ending 06/2021. While expenses have increased by 5.5% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE CHALLENGING ACADEMIC PROGRAMS TO CHILDREN FROM 2 YEARS OLD TO 8TH GRADE
Describe the Organization's Program Activity:
Part 3 - Line 4a
PRIVATE PRIMARY SCHOOL PROGRAM PROGRAM INCOME AND EXPENSES FOR PRESCHOOL THROUGH GRADE EIGHT
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Maureen Fonseca Head Of School | Officer | 35 | $351,143 |
Lauren Bedell Former Cfo/coo | Officer | 35 | $229,319 |
Amelia Gold Arts Department Chair | 35 | $224,366 | |
Laura Heffron Dir. Of Development | 35 | $204,143 | |
Phil Cox Middle School Head | 35 | $152,987 | |
Beth Anne Brennan Head Of Lower School | 35 | $150,987 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
The Leegis Group Inc Contractor | 6/29/21 | $1,597,856 |
Mills & Schnoering Architects Llc Professional Services | 6/29/21 | $466,531 |
Partners Facility Services Inc Professional Cleaning Services | 6/29/21 | $256,165 |
Victor's Air Conditioning Co Inc Contractor | 6/29/21 | $232,451 |
Rainbow Transportation Co Transportation | 6/29/21 | $188,759 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,436,653 |
| Investment income | $3,756 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$54,699 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $20,290,882 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $3,064,258 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $707,027 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $9,749,193 |
| Pension plan accruals and contributions | $497,375 |
| Other employee benefits | $1,008,887 |
| Payroll taxes | $856,869 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $49,247 |
| Fees for services: Accounting | $30,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $54,565 |
| Fees for services: Other | $219,339 |
| Advertising and promotion | $0 |
| Office expenses | $26,342 |
| Information technology | $249,844 |
| Royalties | $0 |
| Occupancy | $128,441 |
| Travel | $0 |
| 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 | $702,881 |
| Insurance | $88,234 |
| All other expenses | $0 |
| Total functional expenses | $19,748,609 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,068,311 |
| Savings and temporary cash investments | $2,642,232 |
| Pledges and grants receivable | $365,055 |
| Accounts receivable, net | $16,473 |
| 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 | $188,070 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $18,658,283 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $892,323 |
| Total assets | $43,835,854 |
| Accounts payable and accrued expenses | $412,446 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $3,390,152 |
| Total liabilities | $3,802,598 |
| 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 | $40,033,256 |
Grants Recieved
Over the last fiscal year, we have identified 14 grants that Elisabeth Morrow School has recieved totaling $97,837.
| Awarding Organization | Amount |
|---|---|
Alvarez Charitable Foundation Inc New York, NY PURPOSE: EDUCATION | $35,000 |
Wiseheart Foundation Inc Miami, FL PURPOSE: CHARITABLE | $17,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $12,000 |
Russell Berrie Foundation Teaneck, NJ PURPOSE: TO FURTHER DONEES EXEMPT PURPOSE | $10,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $6,092 |
Panwy Foundation Inc Greenwich, CT PURPOSE: CHARITABLE DONATION | $3,500 |
Endowment Analysis
| Beg. Balance | $9,694,634 |
| Earnings | $2,368,121 |
| Net Contributions | $10,358 |
| Other Expense | $373,197 |
| Ending Balance | $11,699,916 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Rye Country Day School Rye, NY | $168,719,071 | $53,917,933 |
Pennsylvania Leadership Charter Schools West Chester, PA | $90,879,263 | $65,797,836 |
The Public School Of Germantown Fort Washington, PA | $151,608,543 | $52,601,237 |
Peddie School Hightstown, NJ | $613,419,387 | $58,126,453 |
William Penn Charter School Inc Philadelphia, PA | $232,730,859 | $59,443,641 |
Trevor Day School New York, NY | $179,718,336 | $48,695,331 |
International College-Beirut Lebanon New York, NY | $209,567,353 | $51,574,911 |
Montclair Kimberly Academy Foundation Montclair, NJ | $86,504,754 | $51,589,426 |
Princeton Day School Inc Princeton, NJ | $166,237,830 | $58,529,058 |
Nightingale-Bamford School New York, NY | $159,201,980 | $40,384,072 |
Masters School Dobbs Ferry, NY | $186,890,779 | $50,762,923 |
Shady Side Academy Pittsburgh, PA | $133,159,735 | $43,966,956 |