Rutgers Preparatory School
- Assets
- $58.3m
- Revenue
- $29.7m
- Investments
- $0.0
- Employees
- 245
- Location
- Somerset, NJ
- Founding
- 00/0000
- Data as of
- 06/2021
- EIN
- 22-1607926
Organization Overview
Rutgers Preparatory School is located in Somerset, NJ. The organization was established in 0000. 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, Rutgers Preparatory School employed 245 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rutgers Preparatory 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, Rutgers Preparatory School generated $29.7m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.5% each year. All expenses for the organization totaled $25.2m during the year ending 06/2021. While expenses have increased by 0.7% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
PRE-KINDERGARTEN THROUGH TWELFTH GRADE CO-EDUCATIONAL INDEPENDENT DAY SCHOOL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATION & INSTRUCTION: EDUCATION AND INSTRUCTION FOR APPROXIMATELY 661 STUDENTS IN GRADES PRE-KINDERGARTEN THROUGH GRADE 12 SERVING SOMERSET COUNTY AND ADJACENT COMMUNITIES.
STUDENT SERVICES - ACTIVITIES (INCLUDING ATHLETICS, STUDENT PUBLICATIONS, DRAMA, CLUBS ETC.)
AUXILIARY ENTERPRISES (INCLUDING SCHOOL STORE, CAFETERIA, INTERNATIONAL PROGRAM, SUMMER CAMPS, AFTER SCHOOL PROGRAMS, GRADUATION).
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steven A Loy Head Of School | Officer | 50 | $467,498 |
Robert Apgar Chief Operating Officer | Officer | 50 | $198,509 |
Peter Richardson Dir. Of Campus Operations | 50 | $179,778 | |
Kevin Merges Dir. Of Innovation Center | 50 | $174,727 | |
Todd Rutman Director Of Finance | 50 | $158,131 | |
Patria Leroy Dir. Of Enrollment & Financial Aid | 50 | $148,116 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Sage Dining Services Inc Food Service | 6/29/21 | $591,733 |
Graham-pelton Consulting Consulting | 6/29/21 | $197,255 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,569,500 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,157,476 |
| Noncash contributions included in lines 1a–1f | $55,044 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,726,976 |
| Total Program Service Revenue | $25,325,510 |
| Investment income | $525,352 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $44,407 |
| Net Gain/Loss on Asset Sales | $14,399 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $16,379 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $29,664,951 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $6,030,678 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $732,781 |
| Compensation of current officers, directors, key employees. | $472,452 |
| Compensation to disqualified persons | $62,825 |
| Other salaries and wages | $11,113,454 |
| Pension plan accruals and contributions | $682,449 |
| Other employee benefits | $1,133,213 |
| Payroll taxes | $823,856 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $46,187 |
| Fees for services: Accounting | $94,875 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $137,144 |
| Office expenses | $95,992 |
| Information technology | $235,300 |
| Royalties | $2,515 |
| Occupancy | $289,866 |
| Travel | $22,619 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $8,617 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,160,149 |
| Insurance | $174,093 |
| All other expenses | $1,150,107 |
| Total functional expenses | $25,193,147 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $16,318,558 |
| Savings and temporary cash investments | $1,120,329 |
| Pledges and grants receivable | $311,877 |
| Accounts receivable, net | $118,853 |
| Loans from Officers, Directors, or Controlling Persons | $121,000 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $115,205 |
| Prepaid expenses and deferred charges | $134,909 |
| Net Land, buildings, and equipment | $15,664,580 |
| Investments—publicly traded securities | $23,190,197 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,201,069 |
| Total assets | $58,296,577 |
| Accounts payable and accrued expenses | $1,719,157 |
| Grants payable | $0 |
| Deferred revenue | $5,742,119 |
| 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 | $138,038 |
| Total liabilities | $7,599,314 |
| Net assets without donor restrictions | $43,476,546 |
| Net assets with donor restrictions | $7,220,717 |
| 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 | $58,296,577 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Rutgers Preparatory School has recieved totaling $25,000.
| Awarding Organization | Amount |
|---|---|
Ernest Christian Klipstein Foundation Oldwick, NJ PURPOSE: UNRESTRICTED | $25,000 |
Endowment Analysis
| Beg. Balance | $13,545,819 |
| Earnings | $3,446,229 |
| Net Contributions | $350,800 |
| Other Expense | $122,014 |
| Ending Balance | $17,220,834 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Horace Mann School Bronx, NY | $475,824,158 | $137,244,948 |
Ethical Culture Fieldston School New York, NY | $252,651,487 | $107,394,843 |
Dalton Schools Inc New York, NY | $268,184,018 | $87,154,384 |
Riverdale Country School Inc Bronx, NY | $247,467,239 | $82,826,277 |
Trinity Episcopal Schools Corporation New York, NY | $265,614,292 | $76,873,691 |
United Nations International School New York, NY | $95,948,249 | $80,239,931 |
Columbia Grammar & Preparatory School New York, NY | $126,207,367 | $82,489,526 |
Poly Prep Country Day School Brooklyn, NY | $174,200,532 | $76,376,518 |
Saint Anns School Brooklyn, NY | $162,069,731 | $73,475,158 |
Pingry Corporation Basking Ridge, NJ | $215,792,985 | $70,756,009 |
Spence School New York, NY | $416,454,517 | $72,977,566 |
Collegium Charter School Exton, PA | $94,797,177 | $61,790,179 |