Schools Out Inc
- Assets
- $2.5m
- Revenue
- $2.0m
- Investments
- $0.0
- Employees
- 89
- Location
- Delmar, NY
- Founding
- 09/1985
- Data as of
- 06/2022
- EIN
- 22-2510734
Organization Overview
Schools Out Inc is located in Delmar, NY. The organization was established in 1985. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. As of 06/2022, Schools Out Inc employed 89 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Schools Out Inc 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, Schools Out Inc generated $2.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.7% each year. All expenses for the organization totaled $1.3m during the year ending 06/2022. While expenses have increased by 0.9% 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
A COMMUNITY BASED NON-PROFIT ORGANIZATION DEDICATED TO PROVIDE A SAFE, RELIABLE, QUALITY & CONVENIENT CARE TO COMPLIMENT ELEMENTARY EDUCATION WITHIN THE BETHLEHEM SCHOOL DISTRICT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CARE FOR ELEMENTARY SCHOOL CHILDREN WHILE SCHOOL IS OUT OF SESSION
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jayne Maloney Executive Director | OfficerTrustee | 40 | $92,741 |
Brianne Molitor Secretary | OfficerTrustee | 1 | $0 |
David Howe Vice President | OfficerTrustee | 1 | $0 |
Erin Lynch President | OfficerTrustee | 1 | $0 |
Robert Bergen Treasurer | OfficerTrustee | 1 | $0 |
Daniel Ragone Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $819,738 |
| All other contributions, gifts, grants, and similar amounts not included above | $415 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $820,153 |
| Total Program Service Revenue | $1,119,017 |
| Investment income | $60,371 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$14,907 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,984,634 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $802,129 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $130,683 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,200 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $39,750 |
| Advertising and promotion | $0 |
| Office expenses | $79,640 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $144,592 |
| 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 | $2,347 |
| Insurance | $28,531 |
| All other expenses | $0 |
| Total functional expenses | $1,325,470 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $381,844 |
| Savings and temporary cash investments | $5,604 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $14,806 |
| 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 | $13,508 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $1,831,015 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $237,155 |
| Total assets | $2,483,932 |
| Accounts payable and accrued expenses | $38,710 |
| Grants payable | $0 |
| Deferred revenue | $92,982 |
| 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 | $131,692 |
| Net assets without donor restrictions | $2,352,240 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $2,483,932 |
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