German School Brooklyn
- Assets
- $27.0m
- Revenue
- $4.7m
- Investments
- $0.0
- Employees
- 49
- Location
- Brooklyn, NY
- Founding
- 02/2016
- Data as of
- 06/2022
- 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 06/2022, German School Brooklyn employed 49 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 06/2022, German School Brooklyn generated $4.7m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 31.0% each year . All expenses for the organization totaled $5.4m during the year ending 06/2022. While expenses have increased by 34.6% 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
GERMAN SCHOOL BROOKLYN'S MISSION IS TO OPERATE A FULLY BILINGUAL INTERNATIONAL SCHOOL (GRADES K THROUGH 8) IN NYC WHICH COMBINES THE BEST OF AMERICAN AND GERMAN TEACHING PRACTICES WITH AN INTERNATIONAL BACCALAUREATE CURRICULUM.
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 | OfficerTrustee | 40 | $159,246 |
Stefan P Stauder Co-Chairman | OfficerTrustee | 5 | $0 |
Simona D'souza Co-Chairman & Secretary | OfficerTrustee | 5 | $0 |
Alexander Dumbadze Director | Trustee | 5 | $0 |
Stephan Feilhauer Director | Trustee | 5 | $0 |
Eduard Frauneder Director | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $548,829 |
| Related organizations | $0 |
| Government grants | $490,112 |
| All other contributions, gifts, grants, and similar amounts not included above | $76,548 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,115,489 |
| Total Program Service Revenue | $3,420,221 |
| Investment income | $333 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $1,800 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$27,085 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,693,453 |
| 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. | $184,799 |
| Compensation of current officers, directors, key employees. | $62,832 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,972,343 |
| Pension plan accruals and contributions | $7,075 |
| Other employee benefits | $159,428 |
| Payroll taxes | $197,335 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $21,814 |
| Fees for services: Accounting | $48,888 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $163,864 |
| Advertising and promotion | $86,165 |
| Office expenses | $67,991 |
| Information technology | $6,995 |
| Royalties | $0 |
| Occupancy | $858,609 |
| Travel | $16,013 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $2,223 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $22,060 |
| Insurance | $73,916 |
| All other expenses | $133,514 |
| Total functional expenses | $5,417,620 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,843,210 |
| Savings and temporary cash investments | $270,046 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $89,917 |
| 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 | $24,702,772 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $48,000 |
| Total assets | $26,953,945 |
| Accounts payable and accrued expenses | $3,934,457 |
| Grants payable | $0 |
| Deferred revenue | $1,710,875 |
| 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 | $17,475,484 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $3,670,842 |
| Total liabilities | $26,791,658 |
| 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 | $162,287 |
| Total liabilities and net assets/fund balances | $26,953,945 |