Schenck School Inc
- Assets
- $47.6m
- Revenue
- $13.5m
- Investments
- $1.8m
- Employees
- 164
- Location
- Atlanta, GA
- Founding
- 05/1966
- Data as of
- 06/2023
- EIN
- 58-0958208
Organization Overview
Schenck School Inc is located in Atlanta, GA. The organization was established in 1966. According to its NTEE Classification (B28) the organization is classified as: Special Education, under the broad grouping of Education and related organizations. As of 06/2023, Schenck School Inc employed 164 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Schenck School 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 06/2023, Schenck School Inc generated $13.5m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.5% each year. All expenses for the organization totaled $13.5m during the year ending 06/2023. While expenses have increased by 3.7% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE A SOLID EDUCATIONAL FOUNDATION FOR STUDENTS WITH DYSLEXIA AND DEVELOP THEIR RICH POTENTIAL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kimberly C Marks Board Chair | OfficerTrustee | 10 | $0 |
Mark N Phillips Treasurer | OfficerTrustee | 3 | $0 |
Jeffrey L Wright Vice Chair | OfficerTrustee | 8 | $0 |
Dr Mark R Bell II Trustee | Trustee | 2 | $0 |
Sarah Bottini Trustee | Trustee | 2 | $0 |
Jim Chapman Trustee | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Technical Trade Group Of Georgia Inc Facilities | 6/29/23 | $701,070 |
Flik Dining Services Compass Group Usa Hot Meal Program For Students And Employ | 6/29/23 | $433,537 |
Comdata Purchase Card Vendor | 6/29/23 | $211,182 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $749,471 |
| Noncash contributions included in lines 1a–1f | $87,067 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $749,471 |
| Total Program Service Revenue | $11,342,034 |
| Investment income | $1,662,958 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$387,904 |
| Net Income from Fundraising Events | $94,459 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $13,509,011 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,064,986 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $464,000 |
| Compensation of current officers, directors, key employees. | $54,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $6,804,087 |
| Pension plan accruals and contributions | $354,464 |
| Other employee benefits | $836,477 |
| Payroll taxes | $518,995 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $19,080 |
| Fees for services: Accounting | $38,250 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $146,353 |
| Fees for services: Other | $226,717 |
| Advertising and promotion | $206,223 |
| Office expenses | $293,563 |
| Information technology | $107,438 |
| Royalties | $0 |
| Occupancy | $429,077 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $612,933 |
| Insurance | $94,496 |
| All other expenses | $182,472 |
| Total functional expenses | $13,496,770 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $6,827,522 |
| Pledges and grants receivable | $80,696 |
| 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 | $163,334 |
| Net Land, buildings, and equipment | $7,915,983 |
| Investments—publicly traded securities | $30,678,824 |
| Investments—other securities | $1,793,066 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $104,644 |
| Total assets | $47,564,069 |
| Accounts payable and accrued expenses | $467,275 |
| Grants payable | $0 |
| Deferred revenue | $5,223,975 |
| 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 | $0 |
| Other liabilities | $0 |
| Total liabilities | $5,691,250 |
| Net assets without donor restrictions | $34,429,014 |
| Net assets with donor restrictions | $7,443,805 |
| 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 | $47,564,069 |