Hudson School
- Assets
- $14.0m
- Revenue
- $4.6m
- Investments
- $0.0
- Employees
- 49
- Location
- Hoboken, NJ
- Founding
- 05/1979
- Data as of
- 06/2021
- EIN
- 22-2221017
Organization Overview
Hudson School is located in Hoboken, NJ. The organization was established in 1979. According to its NTEE Classification (B28) the organization is classified as: Special Education, under the broad grouping of Education and related organizations. As of 06/2021, Hudson School employed 49 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hudson 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, Hudson School generated $4.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.2% each year. All expenses for the organization totaled $3.9m during the year ending 06/2021. While expenses have increased by 2.4% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE INTELLECTUALLY INQUISITIVE STUDENTS IN GRADES 5-12 WITH A RIGOROUS AND RELEVANT COLLEGE-PREPARATORY EDUCATION THAT INSPIRES THINKING AND INTELLECTUAL RISK-TAKING WITH THE GOAL OF DEVELOPING COMPASSIONATE, RESPONSIBLE, PRINCIPLED CITIZENS WHO ARE SOCIALLY CONSCIOUS AND COMMITTED TO LIFELONG LEARNING AND SERVICE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
INSTRUCTIONAL, EDUCATIONAL AND STUDENT ACTIVITIES PROVIDED TO STUDENTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paul B Perkinson Head Of School | 40 | $228,865 | |
Dr Minalkumar Patel Vice Chair | OfficerTrustee | 0 | $0 |
Elizabeth R Demkin Secretary | OfficerTrustee | 0 | $0 |
Daniel J Gans Chair | OfficerTrustee | 0 | $0 |
Arnold Lewis Treasurer | OfficerTrustee | 0 | $0 |
Teresa Clarke Trustee | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $304,983 |
| Investment income | $515,843 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $10,724 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,591,977 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $228,865 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,388,955 |
| Pension plan accruals and contributions | $104,064 |
| Other employee benefits | $338,940 |
| Payroll taxes | $202,169 |
| 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 | $518 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $248,340 |
| 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 | $232,547 |
| Insurance | $44,316 |
| All other expenses | $0 |
| Total functional expenses | $3,925,515 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,678,262 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $91,302 |
| 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 | $55,143 |
| Investments—publicly traded securities | $7,138,858 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,032,658 |
| Total assets | $14,015,619 |
| Accounts payable and accrued expenses | $354,636 |
| Grants payable | $0 |
| Deferred revenue | $2,416,543 |
| 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 | $2,771,179 |
| 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 | $11,244,440 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that Hudson School has recieved totaling $58,561.
| Awarding Organization | Amount |
|---|---|
Keefe Family Foundation Greenwich, CT PURPOSE: TO ENABLE THE DONEES TO CARRY-OUT THEIR TAX EXEMPT PURPOSES. | $30,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $11,304 |
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $10,500 |
Ora Foundation Wilmington, DE PURPOSE: GENERAL PURPOSE | $5,000 |
Chubb Charitable Foundation Philadelphia, PA PURPOSE: MATCHING GIFTS | $1,000 |
Pfizer Foundation Inc New York, NY PURPOSE: MATCHING GIFTS | $500 |
Endowment Analysis
| Beg. Balance | $451,185 |
| Earnings | $12,167 |
| Net Contributions | $2,425 |
| Grants | $16,000 |
| Ending Balance | $449,777 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Variety Child Learning Center Syosset, NY | $8,356,973 | $21,867,725 |
The Hagedorn Little Village School Seaford, NY | $17,101,359 | $21,155,572 |
Summit School Upper Nyack, NY | $17,974,431 | $18,614,927 |
Steppingstone Day School Inc Kew Garden Hills, NY | $5,707,568 | $18,884,905 |
Kennedy Childrens Center New York, NY | $16,208,391 | $17,351,422 |
Eclc Of Nj A New Jersey Non Profit Corporation Chatham, NJ | $5,195,140 | $18,377,068 |
Kingsway Learning Center Moorestown, NJ | $5,041,618 | $18,181,631 |
Pennsylvania School For The Deaf Philadelphia, PA | $50,307,552 | $18,217,495 |
League School Brooklyn, NY | $8,003,102 | $18,878,930 |
The Manhattan Childrens Center Inc New York, NY | $11,028,934 | $17,851,466 |
American Federation Of Teachers Yonkers, NY | $7,190,230 | $15,527,584 |
Martin De Porres School Inc Elmont, NY | $5,784,072 | $14,760,411 |