Stevens Cooperative School
- Assets
- $18.8m
- Revenue
- $15.1m
- Investments
- $0.0
- Employees
- 188
- Location
- Hoboken, NJ
- Founding
- 02/1978
- Data as of
- 06/2022
- EIN
- 22-2209099
Organization Overview
Stevens Cooperative School is located in Hoboken, NJ. The organization was established in 1978. 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 06/2022, Stevens Cooperative School employed 188 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Stevens Cooperative 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, Stevens Cooperative School generated $15.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.9% each year. All expenses for the organization totaled $13.6m during the year ending 06/2022. While expenses have increased by 5.1% 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
FOUNDED IN 1949, STEVENS IS A THRIVING PROGRESSIVE CO-EDUCATIONAL DAY SCHOOL FOR THREE YEAR OLDS THROUGH THE 8TH GRADE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
STEVENS COOPERATIVE SCHOOL PROVIDES AN EDUCATION TO OVER 432 STUDENTS FROM 2 YEARS OLD THROUGH THE 8TH GRADE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Raghu Reddy Vice Chair | OfficerTrustee | 2 | $0 |
Becky Egan Treasurer | OfficerTrustee | 5 | $0 |
Tia Adams Trustee | Trustee | 2 | $0 |
Kat Blostein Trustee | Trustee | 2 | $0 |
Cassandra Bolz Trustee | Trustee | 2 | $0 |
Will Lau Trustee | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Diamond Mind Business Services Llc Online Payment Processing Services | 6/29/22 | $211,875 |
Graham-pelton Associates Consulting | 6/29/22 | $131,640 |
Storbeck Search Llc Staffing Search Services | 6/29/22 | $111,155 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $36,923 |
| Related organizations | $0 |
| Government grants | $1,524,595 |
| All other contributions, gifts, grants, and similar amounts not included above | $392,436 |
| Noncash contributions included in lines 1a–1f | $39,728 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,953,954 |
| Total Program Service Revenue | $12,798,359 |
| Investment income | $120,192 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $84,328 |
| Net Income from Fundraising Events | $105,703 |
| Net Income from Gaming Activities | $6,663 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $15,080,781 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $941,020 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $674,419 |
| Compensation of current officers, directors, key employees. | $231,793 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $6,876,367 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,449,189 |
| Payroll taxes | $621,679 |
| 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 | $395,340 |
| Advertising and promotion | $140,907 |
| Office expenses | $77,062 |
| Information technology | $119,372 |
| Royalties | $0 |
| Occupancy | $1,075,463 |
| 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 | $222,294 |
| Insurance | $96,161 |
| All other expenses | $39,544 |
| Total functional expenses | $13,600,356 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2 |
| Savings and temporary cash investments | $10,026,394 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $158,686 |
| 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 | $119,325 |
| Net Land, buildings, and equipment | $1,938,327 |
| Investments—publicly traded securities | $6,508,466 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $69,873 |
| Total assets | $18,821,073 |
| Accounts payable and accrued expenses | $1,306,817 |
| Grants payable | $0 |
| Deferred revenue | $5,686,725 |
| 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 | $0 |
| Total liabilities | $6,993,542 |
| Net assets without donor restrictions | $11,739,469 |
| Net assets with donor restrictions | $88,062 |
| 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 | $18,821,073 |