Japhet School Incorporated
- Assets
- $3.0m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 25
- Location
- Clawson, MI
- Founding
- 05/1976
- Data as of
- 08/2021
- EIN
- 38-2118393
Organization Overview
Japhet School Incorporated is located in Clawson, MI. The organization was established in 1976. 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 08/2021, Japhet School Incorporated employed 25 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Japhet School Incorporated 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 08/2021, Japhet School Incorporated generated $1.1m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 0.2% each year. All expenses for the organization totaled $910.5k during the year ending 08/2021. 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
JAPHET SCHOOL IS AN INDEPENDENT SCHOOL ACCREDITED BY INDEPENDENT SCHOOLS ASSOCIATION OF CENTRAL STATES, EDUCATING STUDENTS IN PRESCHOOL THROUGH 8TH GRADE, WITH A LOW STUDENT-TO-TEACHER RATIO. INTEGRATED WITH ACADEMICS IS AN AWARD-WINNING CHARACTER CURRICULUM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
JAPHET SCHOOL PROVIDES SCHOOLING FOR PRE-SCHOOL THROUGH 8TH GRADE, CHILDCARE, AND SPECIAL ENRICHMENT AND SUMMER PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kerri Vizena Head Of School | Officer | 40 | $77,800 |
Joe Mohan Treasurertrustee | OfficerTrustee | 2 | $0 |
Dan Commer Secretarytrustee | OfficerTrustee | 2 | $0 |
Susie Golbiw Presidenttrustee | OfficerTrustee | 4 | $0 |
Sheila Chaps Trustee | OfficerTrustee | 2 | $0 |
Susan Ellithorpe Vice Presidenttrustee | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $19,700 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $474,740 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $494,440 |
| Total Program Service Revenue | $351,212 |
| Investment income | $252,501 |
| 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 | $1,140,445 |
| 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 | $632,409 |
| Pension plan accruals and contributions | $8,772 |
| Other employee benefits | $0 |
| Payroll taxes | $48,017 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,938 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $12,800 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $17,605 |
| Office expenses | $16,104 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $35,385 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $11,262 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $44,013 |
| Insurance | $4,952 |
| All other expenses | $40,038 |
| Total functional expenses | $910,490 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $127,918 |
| 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 | $0 |
| Net Land, buildings, and equipment | $1,381,193 |
| Investments—publicly traded securities | $1,456,755 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,965,866 |
| Accounts payable and accrued expenses | $11,060 |
| Grants payable | $0 |
| Deferred revenue | $224,370 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $150,946 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $386,376 |
| Net assets without donor restrictions | $1,568,335 |
| Net assets with donor restrictions | $1,011,155 |
| 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 | $2,965,866 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Japhet School Incorporated has recieved totaling $10,950.
| Awarding Organization | Amount |
|---|---|
Fidelity Investments Charitable Gift Fund Boston, MA PURPOSE: For grant recipient's exempt purposes | $10,950 |
Endowment Analysis
| Beg. Balance | $849,800 |
| Earnings | $252,355 |
| Grants | $61,000 |
| Ending Balance | $1,041,155 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Goodwill Education Initiatives Inc Indianapolis, IN | $18,896,307 | $35,463,634 |
Mc Preparatory School Of Wisconsin Inc Milwaukee, WI | $32,218,906 | $24,578,371 |
Hillel Day School Of Metropolitan Detroit Farmington Hills, MI | $33,929,140 | $16,693,073 |
Heritage Christian Schools Inc Indianapolis, IN | $19,759,630 | $19,173,955 |
Academy Of Basic Education Inc Brookfield, WI | $40,498,539 | $16,384,035 |
Lake Ridge Academy North Ridgeville, OH | $14,038,501 | $14,431,885 |
Orchard School Foundation Inc Indianapolis, IN | $60,553,415 | $15,394,463 |
Oaks Academy Inc Indianapolis, IN | $7,476,421 | $17,454,996 |
Yeshiva Derech Hatorah Cleveland Heights, OH | $14,161,211 | $18,658,686 |
Old Trail School Bath, OH | $25,123,722 | $12,148,304 |
Madison Country Day School Inc Waunakee, WI | $14,581,268 | $10,698,482 |
Zeeland Christian School Zeeland, MI | $19,623,288 | $11,238,716 |