Kiskiminetas Springs School
- Assets
- $39.1m
- Revenue
- $13.7m
- Investments
- $1.2m
- Employees
- 87
- Location
- Saltsburg, PA
- Founding
- 06/1972
- Data as of
- 06/2021
- EIN
- 25-0995765
Organization Overview
Kiskiminetas Springs School is located in Saltsburg, PA. The organization was established in 1972. 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, Kiskiminetas Springs School employed 87 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kiskiminetas Springs 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, Kiskiminetas Springs School generated $13.7m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (3.1%) each year. All expenses for the organization totaled $14.1m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (5.9%) 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 PREPARE BOYS FOR COLLEGE AND LIFE
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATION - TO PROVIDE EDUCATIONAL INSTRUCTION TO STUDENTS
STUDENT ACTIVITIES - TO PROVIDE EXTRA-CURRICULAR ACTIVITIES FOR STUDENTS
FOOD SERVICE - TO PROVIDE FOOD SERVICE FOR STUDENTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Christopher Brueningsen Head Of School | OfficerTrustee | 50 | $266,569 |
Steven Szilagyi Assoicate Head Of School | 50 | $220,442 | |
J Gregory Forsythe Business Manager/treasurer | Officer | 50 | $146,928 |
Adam Schapiro Associate Head Of School For Institutional Advance | 50 | $145,413 | |
Deren Finks Director Of College Counse | 50 | $136,749 | |
Mark Novom Associate Head Of School/treasurer | Officer | 50 | $104,391 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Csk Advertising Marketing Services | 6/29/21 | $131,946 |
Philadelphia Insurance Company Liability Insurance | 6/29/21 | $100,827 |
Metz Culinary Management Inc Food Services | 6/29/21 | $616,157 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $22,000 |
| Related organizations | $0 |
| Government grants | $2,205,545 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,299,566 |
| Noncash contributions included in lines 1a–1f | $18,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,527,111 |
| Total Program Service Revenue | $8,207,942 |
| Investment income | $129,600 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$37,985 |
| Net Gain/Loss on Asset Sales | $612,314 |
| Net Income from Fundraising Events | $16,193 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $13,709,758 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $4,501,233 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $517,888 |
| Compensation of current officers, directors, key employees. | $517,888 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,637,313 |
| Pension plan accruals and contributions | $58,023 |
| Other employee benefits | $531,707 |
| Payroll taxes | $311,658 |
| 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 | $271,537 |
| Advertising and promotion | $214,348 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $766,313 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $240,605 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $958,630 |
| Insurance | $205,736 |
| All other expenses | $0 |
| Total functional expenses | $14,118,626 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,500 |
| Savings and temporary cash investments | $570,868 |
| Pledges and grants receivable | $633,548 |
| Accounts receivable, net | $2,894,580 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $123,858 |
| Prepaid expenses and deferred charges | $195,002 |
| Net Land, buildings, and equipment | $21,907,891 |
| Investments—publicly traded securities | $11,414,801 |
| Investments—other securities | $1,246,781 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $144,418 |
| Total assets | $39,139,247 |
| Accounts payable and accrued expenses | $289,388 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $7,196,557 |
| Other liabilities | $2,748,447 |
| Total liabilities | $10,234,392 |
| Net assets without donor restrictions | $15,349,553 |
| Net assets with donor restrictions | $13,555,302 |
| 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 | $39,139,247 |
Grants Recieved
Over the last fiscal year, we have identified 8 grants that Kiskiminetas Springs School has recieved totaling $217,296.
| Awarding Organization | Amount |
|---|---|
Organization Name not Listed PURPOSE: COVER THE COST OF OPERATIONS OF THE RECIPIENTS | | $50,000 |
Goldman Sachs Charitable Gift Fund New York, NY PURPOSE: SCHOLARSHIPS & FINANCIAL AID | $40,000 |
Bny Mellon Charitable Gift Fund Boston, MA PURPOSE: TO FURTHER THE ORGANIZATION'S EXEMPT PURPOSE | $40,000 |
Connell H Miller Tua Fbo Various Pittsburgh, PA PURPOSE: GENERAL SUPPORT | $30,546 |
Paul G Benedum Jr Foundation Pittsburgh, PA PURPOSE: EDUCATION | $27,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $19,600 |
Endowment Analysis
| Beg. Balance | $12,244,873 |
| Earnings | $2,467,130 |
| Net Contributions | $819,725 |
| Grants | $611,718 |
| Ending Balance | $14,920,010 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Rye Country Day School Rye, NY | $168,719,071 | $53,917,933 |
Pennsylvania Leadership Charter Schools West Chester, PA | $90,879,263 | $65,797,836 |
Hawken School Gates Mills, OH | $144,772,582 | $45,602,433 |
The Public School Of Germantown Fort Washington, PA | $151,608,543 | $52,601,237 |
Peddie School Hightstown, NJ | $613,419,387 | $58,126,453 |
William Penn Charter School Inc Philadelphia, PA | $232,730,859 | $59,443,641 |
Trevor Day School New York, NY | $179,718,336 | $48,695,331 |
International College-Beirut Lebanon New York, NY | $209,567,353 | $51,574,911 |
Montclair Kimberly Academy Foundation Montclair, NJ | $86,504,754 | $51,589,426 |
Bullis School Inc Potomac, MD | $98,208,716 | $48,486,298 |
Princeton Day School Inc Princeton, NJ | $166,237,830 | $58,529,058 |
Nightingale-Bamford School New York, NY | $159,201,980 | $40,384,072 |