Craig School
- Assets
- $14.5m
- Revenue
- $8.1m
- Investments
- $0.0
- Employees
- 81
- Location
- Mountain Lakes, NJ
- Founding
- 07/1980
- Data as of
- 06/2024
- EIN
- 22-2283859
Organization Overview
Craig School is located in Mountain Lakes, NJ. The organization was established in 1980. 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 06/2024, Craig School employed 81 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Craig 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 06/2024, Craig School generated $8.1m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 2.3% each year. All expenses for the organization totaled $7.8m during the year ending 06/2024. While expenses have increased by 3.4% per year over the past 9 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
TO OFFER A STRATEGY-BASED, COMPREHENSIVE AND CHALLENGING EDUCATIONAL PROGRAM FOR NON-TRADITIONAL LEARNERS WHO DEMONSTRATE ACADEMIC POTENTIAL
Describe the Organization's Program Activity:
Part 3 - Line 4a
PRIVATE PRIMARY SCHOOL AND PRIVATE HIGH SCHOOL THAT PROMOTE THE EDUCATION OF NON-TRADITIONAL LEARNERS WHO DEMONSTRATE ACADEMIC POTENTIAL
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marilyn Brackin Trustee | Trustee | 2 | $0 |
Chris Coates Trustee | Trustee | 2 | $0 |
James Danza Trustee | Trustee | 2 | $0 |
John Hankin Trustee | Trustee | 2 | $0 |
Michael Hallowell Trustee | Trustee | 2 | $0 |
James E Howell Trustee | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $68,149 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $148,764 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $216,913 |
| Total Program Service Revenue | $7,682,288 |
| Investment income | $174,320 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $31,140 |
| Net Income from Fundraising Events | -$23,685 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,099,645 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $80,550 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $394,484 |
| Compensation of current officers, directors, key employees. | $394,484 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,437,601 |
| Pension plan accruals and contributions | $169,022 |
| Other employee benefits | $430,718 |
| Payroll taxes | $350,538 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $18,156 |
| Fees for services: Accounting | $21,762 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $100,000 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $109,015 |
| Advertising and promotion | $47,515 |
| Office expenses | $112,140 |
| Information technology | $152,681 |
| Royalties | $0 |
| Occupancy | $487,816 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $49,230 |
| Interest | $71,447 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $224,352 |
| Insurance | $72,547 |
| All other expenses | $57,030 |
| Total functional expenses | $7,753,243 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $273,431 |
| Savings and temporary cash investments | $3,235,309 |
| Pledges and grants receivable | $5,250 |
| Accounts receivable, net | $202,604 |
| 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 | $41,667 |
| Net Land, buildings, and equipment | $7,937,251 |
| Investments—publicly traded securities | $2,551,290 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $216,976 |
| Total assets | $14,463,778 |
| Accounts payable and accrued expenses | $894,608 |
| Grants payable | $0 |
| Deferred revenue | $315,940 |
| 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 | $2,833,260 |
| Unsecured mortgages and notes payable | $39,332 |
| Other liabilities | $751,779 |
| Total liabilities | $4,834,919 |
| Net assets without donor restrictions | $9,599,222 |
| Net assets with donor restrictions | $29,637 |
| 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 | $14,463,778 |