German School Brooklyn
- Assets
- $15.3m
- Revenue
- $4.0m
- Investments
- $0.0
- Employees
- 40
- Location
- Brooklyn, NY
- Founding
- 02/2016
- Data as of
- 06/2021
- EIN
- 47-4759054
Organization Overview
German School Brooklyn is located in Brooklyn, NY. The organization was established in 2016. 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 06/2021, German School Brooklyn employed 40 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. German School Brooklyn 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, German School Brooklyn generated $4.0m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 33.6% each year . All expenses for the organization totaled $3.8m during the year ending 06/2021. While expenses have increased by 33.6% per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO CREATE AND ESTABLISH AN ELEMENTARY SCHOOL (GRADES K THRU SIX) WHICH OFFERS FULL DAY EDUCATION AS WELL AS EXTENDED DAY AND SUMMER PROGRAMS FOR TYPICALLY DEVELOPING
Describe the Organization's Program Activity:
Part 3 - Line 4a
TUITION AND FEES FOR SCHOOL PROGRAM
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kathrin Nagle Founder/head Of School/treasurer | Officer | 50 | $192,500 |
Hendrike Stark Co-Director | Officer | 15 | $72,915 |
Dr Stefan P Stauder Co-Chairman | Officer | 5 | $0 |
Simona D'souza Secretary | Officer | 5 | $0 |
Stephan Feilhauer Co-Director | Officer | 15 | $0 |
Clarissa Winter Jones Co-Director | Officer | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $136,276 |
| Related organizations | $0 |
| Government grants | $408,035 |
| All other contributions, gifts, grants, and similar amounts not included above | $268,956 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $813,267 |
| Total Program Service Revenue | $3,205,490 |
| Investment income | $820 |
| 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 | $4,019,577 |
| 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. | $265,415 |
| Compensation of current officers, directors, key employees. | $207,665 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,122,558 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $297,651 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $28,114 |
| Fees for services: Accounting | $47,900 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $36,234 |
| Information technology | $825 |
| Royalties | $0 |
| Occupancy | $361,439 |
| Travel | $19,255 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,841 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $21,429 |
| Insurance | $38,167 |
| All other expenses | $104,411 |
| Total functional expenses | $3,841,584 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,579,818 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $107,925 |
| 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 | $12,520,132 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $48,000 |
| Total assets | $15,255,875 |
| Accounts payable and accrued expenses | $1,656,708 |
| Grants payable | $0 |
| Deferred revenue | $1,411,276 |
| 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 | $490,112 |
| Other liabilities | $10,811,325 |
| Total liabilities | $14,369,421 |
| Net assets without donor restrictions | $0 |
| 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 | $886,454 |
| Total liabilities and net assets/fund balances | $15,255,875 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that German School Brooklyn has recieved totaling $45,000.
| Awarding Organization | Amount |
|---|---|
Open Society Institute New York, NY PURPOSE: MATCHING GIFT PROGRAM | $36,000 |
Open Society Institute New York, NY PURPOSE: MATCHING GIFT PROGRAM | $9,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
New Foundations Charter School Marlton, NJ | $17,967,778 | $23,202,828 |
Village Community School New York, NY | $70,966,980 | $22,510,782 |
Lycee International De Boston International School Of Boston Inc Cambridge, MA | $37,411,967 | $19,857,918 |
Speyer Legacy School New York, NY | $16,160,814 | $25,812,126 |
Fenn School Inc Concord, MA | $99,819,486 | $20,241,981 |
Lancaster Country Day School Lancaster, PA | $75,848,302 | $20,350,115 |
Freire Charter School Philadelphia, PA | $7,896,247 | $17,871,218 |
Academy In Manayunk Inc Conshohocken, PA | $64,687,092 | $23,625,839 |
Amistad Academy Inc New Haven, CT | $35,461,697 | $16,961,980 |
Foote School Association Inc New Haven, CT | $45,302,394 | $17,181,198 |
Rumsey Hall School Incorporated Washington Depot, CT | $67,305,104 | $16,603,122 |
Celebrate The Children Inc Denville, NJ | $8,659,449 | $15,671,388 |