Ranney School
- Assets
- $48.5m
- Revenue
- $26.1m
- Investments
- $0.0
- Employees
- 203
- Location
- Tinton Falls, NJ
- Founding
- 05/1973
- Data as of
- 06/2022
- EIN
- 22-1853774
Organization Overview
Ranney School is located in Tinton Falls, NJ. The organization was established in 1973. 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 06/2022, Ranney School employed 203 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ranney 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, Ranney School generated $26.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.8% each year. All expenses for the organization totaled $24.3m during the year ending 06/2022. While expenses have increased by 0.4% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
RANNEY SCHOOL IS A COED INDEPENDENT DAY SCHOOL SERVING STUDENTS IN BEGINNERS (3 YRS) THROUGH 12TH GRADE. IT ALSO RUNS SUMMER PROGRAMS, INCLUDING A DAY CAMP & ENRICHMENT COURSES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ELEMENTARY & SECONDARY SCHOOL
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Griffith Head Of School | OfficerTrustee | 40 | $509,140 |
Gregory Martin Us Head | 40 | $272,563 | |
Charles Zalewski CFO | OfficerTrustee | 40 | $226,722 |
Jennifer Collins Chief Advancement Officer | 40 | $214,167 | |
Andrea Danial Ls Head | 40 | $179,640 | |
Adam Materasso Dir Of Coll Counselling An | 40 | $178,706 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Flik Independent School Dining Cafeteria Catering | 6/29/22 | $1,024,329 |
Trust 3uwo Russel G Ranney Rent | 6/29/22 | $490,619 |
Hilton Concrete Llc Masonry | 6/29/22 | $174,255 |
Healthcare Services Group Inc Janitorial Service | 6/29/22 | $363,169 |
Att Sports Contractor | 6/29/22 | $335,145 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $151,187 |
| Related organizations | $0 |
| Government grants | $489,355 |
| All other contributions, gifts, grants, and similar amounts not included above | $757,358 |
| Noncash contributions included in lines 1a–1f | $36,040 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,397,900 |
| Total Program Service Revenue | $24,025,390 |
| Investment income | $254,078 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $334,659 |
| Net Income from Fundraising Events | -$11,745 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $26,128,815 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $2,601,393 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $862,723 |
| Compensation of current officers, directors, key employees. | $152,662 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $10,360,682 |
| Pension plan accruals and contributions | $502,622 |
| Other employee benefits | $1,972,333 |
| Payroll taxes | $886,329 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,745 |
| 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 | $67,249 |
| Advertising and promotion | $201,303 |
| Office expenses | $386,549 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $877,119 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $433,912 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,416,004 |
| Insurance | $284,258 |
| All other expenses | $1,111,036 |
| Total functional expenses | $24,254,240 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $11,720,767 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $14,535 |
| Accounts receivable, net | $11,774 |
| 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 | $294,122 |
| Net Land, buildings, and equipment | $25,099,736 |
| Investments—publicly traded securities | $10,300,738 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,052,148 |
| Total assets | $48,493,820 |
| Accounts payable and accrued expenses | $1,425,993 |
| Grants payable | $0 |
| Deferred revenue | $9,508,607 |
| Tax-exempt bond liabilities | $9,558,418 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $2,581,402 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $23,074,420 |
| Net assets without donor restrictions | $23,606,369 |
| Net assets with donor restrictions | $1,813,031 |
| 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 | $48,493,820 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Ranney School has recieved totaling $5,000.
| Awarding Organization | Amount |
|---|---|
Torpey Charitable Foundation Colts Neck, NJ PURPOSE: GENERAL FUND | $5,000 |
Endowment Analysis
| Beg. Balance | $533,691 |
| Earnings | -$67,162 |
| Ending Balance | $466,529 |
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 |