Uncommon Schools Inc
- Assets
- $293.6m
- Revenue
- $84.6m
- Investments
- $0.0
- Employees
- 349
- Location
- New York, NY
- Founding
- 04/1997
- Data as of
- 06/2022
- EIN
- 31-1488698
Organization Overview
Uncommon Schools Inc is located in New York, NY. The organization was established in 1997. 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, Uncommon Schools Inc employed 349 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Uncommon Schools 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, Uncommon Schools Inc generated $84.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.9% each year. All expenses for the organization totaled $86.2m during the year ending 06/2022. While expenses have increased by 9.0% 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.
Since 2015, Uncommon Schools Inc has awarded 118 individual grants totaling $90,681,424. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
UNCOMMON'S MISSION IS TO CLOSE THE ACHIEVEMENT GAP AND PREPARE LOW-INCOME STUDENTS TO GRADUATE FROM COLLEGE. UNCOMMON FURTHERS THIS MISSION BY STARTING AND MANAGING OUTSTANDING URBAN CHARTER PUBLIC SCHOOLS IN NEWARK AND CAMDEN, NEW JERSEY, NEW YORK CITY, TROY AND ROCHESTER, NEW YORK, AND BOSTON, MASSACHUSETTS. UNCOMMON ALSO FURTHERS THIS MISSION BY DEVELOPING PROFESSIONAL DEVELOPMENT TOOLS AND TRAININGS WHICH UNCOMMON MAKES AVAILABLE TO ITS SCHOOLS, AS WELL AS OTHER PARTNER ORGANIZATIONS AND DISTRICTS. UNCOMMON ALSO DEVELOPS, MANAGES, AND MAINTAINS REAL ESTATE FOR LEASE TO SCHOOLS WITHIN ITS NETWORK.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTS TO CHARTER PUBLIC SCHOOLS AND EXPENSES INCURRED IN SUPPORTING CHARTER PUBLIC SCHOOLS. PLEASE REFER TO FORM 990, PART III, LINE 1, FOR THE ORGANIZATION'S MISSION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brett Peiser Director/ceo | OfficerTrustee | 41 | $354,168 |
Norman Atkins Chairman | OfficerTrustee | 1 | $0 |
David Cooper Director | Trustee | 1 | $0 |
Donald Katz Director | Trustee | 1 | $0 |
Robert Karr Director | Trustee | 1 | $0 |
Rondo Moses Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Dbi Projects Llc Construction Services | 6/29/22 | $585,739 |
Parlor Labs Inc Software Consulting | 6/29/22 | $493,150 |
Vedder Price Legal Services | 6/29/22 | $412,338 |
Paytech Consulting | 6/29/22 | $390,684 |
Collaborative Solutions Llc Software Consulting | 6/29/22 | $1,711,742 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $8,525,562 |
| All other contributions, gifts, grants, and similar amounts not included above | $14,647,719 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $23,173,281 |
| Total Program Service Revenue | $60,778,176 |
| Investment income | $122,824 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $84,601,875 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $17,931,302 |
| 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. | $1,728,057 |
| Compensation of current officers, directors, key employees. | $138,313 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $30,081,072 |
| Pension plan accruals and contributions | $572,870 |
| Other employee benefits | $2,993,391 |
| Payroll taxes | $2,249,176 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $426,053 |
| Fees for services: Accounting | $259,493 |
| Fees for services: Lobbying | $13,793 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $2,307,137 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $5,007,750 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $11,092,473 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,936,976 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $86,159,100 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,694,488 |
| Savings and temporary cash investments | $46,183,751 |
| Pledges and grants receivable | $8,625,609 |
| Accounts receivable, net | $11,713,035 |
| 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 | $737,040 |
| Net Land, buildings, and equipment | $7,985,046 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $152,285,245 |
| Intangible assets | $0 |
| Other assets | $59,325,824 |
| Total assets | $293,550,038 |
| Accounts payable and accrued expenses | $5,746,451 |
| Grants payable | $761,918 |
| 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 | $140,350,839 |
| Unsecured mortgages and notes payable | $6,350,000 |
| Other liabilities | $60,786,736 |
| Total liabilities | $213,995,944 |
| Net assets without donor restrictions | $65,240,146 |
| Net assets with donor restrictions | $14,313,948 |
| 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 | $293,550,038 |
Grants Awarded
Over the last fiscal year, Uncommon Schools Inc has awarded $16,995,361 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
CAMDEN PREP PURPOSE: SCHOOL OPERATIONS | $43,285 |
NORTH STAR ACADEMY CHARTER SCHOOL PURPOSE: SCHOOL OPERATIONS | $1,410,032 |
TRUE NORTH ROCHESTER PREP MIDDLE SCHOOLS PURPOSE: SCHOOL OPERATIONS | $608,363 |
ROXBURY PREPARATORY CHARTER SCHOOL PURPOSE: SCHOOL OPERATIONS | $295,712 |
TROY PREP CHARTER HIGH SCHOOL PURPOSE: SCHOOL OPERATIONS | $236,514 |
CAMDEN PREP FOUNDATION INC PURPOSE: REAL ESTATE GRANT | $11,858,586 |