Albrook School
- Assets
- $7.0m
- Revenue
- $2.7m
- Investments
- $2.7m
- Employees
- 50
- Location
- Basking Ridge, NJ
- Founding
- 10/1980
- Data as of
- 06/2021
- EIN
- 22-2271831
Organization Overview
Albrook School is located in Basking Ridge, NJ. The organization was established in 1980. 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, Albrook School employed 50 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Albrook 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, Albrook School generated $2.7m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (1.7%) each year. All expenses for the organization totaled $2.5m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (3.5%) per year over the past 6 years. 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 ELEMENTARY EDUCATION USING THE MONTESSORI METHODS AND PHILOSOPHY OF TEACHING
Describe the Organization's Program Activity:
Part 3 - Line 4a
MONTESSORI SCHOOL PROVIDES EDUCATION AND ACTIVITIES FOR STUDENTS FROM PRE-SCHOOL THROUGH ELEMENTARY SCHOOL
MONTESSORI SCHOOL PROVIDES EDUCATION AND ACTIVITIES FOR STUDENTS FROM PRE-SCHOOL THROUGH ELEMENTARY SCHOOL
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Pauline Macneill Vice Chairman | OfficerTrustee | 38 | $84,271 |
Jean Hicks Chairman | OfficerTrustee | 2 | $4,202 |
Eugenia Dowling Secretary | OfficerTrustee | 1 | $0 |
Robert Kleiber Treasurer | OfficerTrustee | 1 | $0 |
Anita Albers Trustee Emeritus | Trustee | 1 | $0 |
Jeremy Hollander Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $59,202 |
| Related organizations | $0 |
| Government grants | $391,505 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $450,707 |
| Total Program Service Revenue | $2,074,737 |
| Investment income | $118,878 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $56,791 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,701,113 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $17,400 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $89,183 |
| Compensation of current officers, directors, key employees. | $17,457 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,588,180 |
| Pension plan accruals and contributions | $27,662 |
| Other employee benefits | $85,404 |
| Payroll taxes | $140,348 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $10,800 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $7,192 |
| Fees for services: Other | $2,880 |
| Advertising and promotion | $10,000 |
| Office expenses | $1,687 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $196,243 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,129 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $191,844 |
| Insurance | $58,788 |
| All other expenses | $661 |
| Total functional expenses | $2,498,363 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $778,912 |
| Savings and temporary cash investments | $1,055,300 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $40,404 |
| Net Land, buildings, and equipment | $2,437,136 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $2,673,390 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $728 |
| Total assets | $6,985,870 |
| Accounts payable and accrued expenses | $262,690 |
| Grants payable | $0 |
| Deferred revenue | $325,755 |
| 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 | $588,445 |
| Net assets without donor restrictions | $5,719,026 |
| Net assets with donor restrictions | $678,399 |
| 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 | $6,985,870 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Albrook School has recieved totaling $995.
| Awarding Organization | Amount |
|---|---|
Chubb Charitable Foundation Philadelphia, PA PURPOSE: MATCHING GIFTS | $500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $495 |
Endowment Analysis
| Beg. Balance | $668,499 |
| Earnings | $15,208 |
| Net Contributions | $9,900 |
| Grants | $15,208 |
| Ending Balance | $678,399 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Executive Education Academy Charter School Allentown, PA | $63,584,076 | $23,169,797 |
Foundation Academy Charter School Trenton, NJ | $16,120,573 | $21,345,321 |
Albany Academy Albany, NY | $58,726,077 | $27,181,105 |
Tatnall School Inc Wilmington, DE | $48,687,568 | $19,526,911 |
Elisabeth Morrow School Englewood, NJ | $43,835,854 | $20,290,882 |
Yeshiva Ktana Of Passaic Passaic, NJ | $33,764,196 | $20,538,079 |
Franklintown Charter High School Philadelphia, PA | $47,616,708 | $24,090,071 |
Nichols School Of Buffalo Buffalo, NY | $102,003,479 | $42,213,694 |
Yeshiva Shaare Torah Inc Brooklyn, NY | $32,363,623 | $20,724,747 |
Yeshivat Heatid Inc Teaneck, NJ | $17,160,980 | $19,921,065 |
Ideal School Of Manhattan New York, NY | $22,538,816 | $19,239,739 |
Peck School Morristown, NJ | $71,516,691 | $18,101,005 |