Cushman School Inc
- Assets
- $60.7m
- Revenue
- $28.8m
- Investments
- $0.0
- Employees
- 300
- Location
- Miami, FL
- Founding
- 01/1975
- Data as of
- 06/2022
- EIN
- 59-1382853
Organization Overview
Cushman School Inc is located in Miami, FL. The organization was established in 1975. 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, Cushman School Inc employed 300 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cushman 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 06/2022, Cushman School Inc generated $28.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.7% each year. All expenses for the organization totaled $24.7m during the year ending 06/2022. While expenses have increased by 10.1% 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
QUALITY EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FOR THE PAST 98 YEARS, THE CUSHMAN SCHOOL'S MISSION AND PHILOSOPHY HAVE BEEN THE DRIVING FORCE FOR EVERY ASPECT OF SCHOOL LIFE. ENLIVENING THE SCHOOL'S PHILOSOPHY OF PLACING CHARACTER FIRST THROUGH THE APPLICATION OF STUDENTS' INDUSTRY, COURTESY, RESPONSIBILITY AND SCHOLARSHIP HAS BEEN THE HALLMARK OF THE SCHOOL. INSTILLING IN CUSHMAN'S 706 STUDENTS A STRONG WORK ETHIC, UNFAILING KINDNESS AND RESPECT, AND PERSONAL AND JOINT ACCOUNTABILITY AND RESPONSIBILITY LEADS TO THEIR PERSONAL ACHIEVEMENT OF SCHOLARSHIP. THIS MINDSET SERVES AS THE UNDERPINNING OF NOT ONLY A STUDENT'S ACADEMIC ENDEAVORS, BUT ALSO OF THEIR SOCIAL ENGAGEMENT, SERVICE TO OTHERS, AND ALL ASPECTS OF SCHOOL AND HOME LIFE. THE INTEGRATION OF THE HABITS OF MIND, COUPLED WITH STRONG ACADEMICS, THE INTEGRATION AND INCORPORATION OF THE PERFORMING AND VISUAL ARTS, ATHLETICS AND MOVEMENT, WORLD LANGUAGES, AND THE EXPECTATION TO LOOK BEYOND ONESELF IN AN EFFORT TO MAKE THE LIVES OF OTHERS JOYFUL, CONTINUES TO SET THE CUSHMAN SCHOOL APART FROM OTHER INDEPENDENT SCHOOLS. THE SCHOOL'S MISSION OF DEVELOPING LEADERS WHO HAVE A POSITIVE APPROACH TO LIFE PROVES TO BE REACHABLE EACH DAY AS WE HEAR ABOUT THE MANY POSITIVE ROLES OUR ALUMNI HAVE IN SOCIETY TODAY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Arvi Balseiro Head Of School | Officer | 55 | $315,015 |
Cheryl Rogers Principal | Officer | 55 | $181,343 |
Diana Ray CFO | Officer | 55 | $155,540 |
Jennifer Romanik-Geimer Director Of Upper School | 55 | $153,560 | |
Tracy Ross Director Of Laura Cushman | 55 | $140,863 | |
Sheri Rentzepis Admissions & Registrr | 55 | $122,717 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Bdi Construction Company Construction | 6/29/20 | $507,053 |
Us Security Associates Security Services | 6/29/20 | $444,851 |
L827 Construction | 6/29/20 | $439,219 |
Chase Ink Credit Card Services | 6/29/20 | $289,422 |
Bdi Construction Company Construction | 6/29/20 | $507,053 |
Us Security Associates Security Services | 6/29/20 | $444,851 |
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 | $1,754,078 |
| Noncash contributions included in lines 1a–1f | $10,413 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,754,078 |
| Total Program Service Revenue | $26,820,758 |
| Investment income | $3,300 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $219,732 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $28,827,418 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $3,201,517 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $671,285 |
| Compensation of current officers, directors, key employees. | $671,285 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $11,228,490 |
| Pension plan accruals and contributions | $201,090 |
| Other employee benefits | $1,486,640 |
| Payroll taxes | $841,938 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| 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 | $812,784 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $552,765 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,029,827 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $24,723,906 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $15,162,462 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $653,514 |
| Accounts receivable, net | $68,510 |
| 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 | $266,644 |
| Net Land, buildings, and equipment | $43,179,639 |
| Investments—publicly traded securities | $821,857 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $564,817 |
| Total assets | $60,717,443 |
| Accounts payable and accrued expenses | $2,042,776 |
| Grants payable | $0 |
| Deferred revenue | $10,767,420 |
| 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 | $17,499,479 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $30,309,675 |
| Net assets without donor restrictions | $28,474,846 |
| Net assets with donor restrictions | $1,932,922 |
| 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 | $60,717,443 |
Grants Recieved
Over the last fiscal year, we have identified 10 grants that Cushman School Inc has recieved totaling $52,623.
| Awarding Organization | Amount |
|---|---|
Matthew Daniel Foundation Miami Beach, FL PURPOSE: GENERAL OPERATING EXPENSES | $20,000 |
Garner Foundation Inc Miami, FL PURPOSE: EDUCATION | $10,000 |
Gary & Barbara Siegler Foundation New York, NY PURPOSE: CHARITABLE | $8,000 |
Joseph J Schott Foundation Mount Pleasant, SC PURPOSE: GENERAL OPERATION | $5,000 |
Morgan Stanley Foundation Inc New York, NY PURPOSE: VOLUNTEER INCENTIVE PROGRAM | $5,000 |
Brunetti Foundation Hialeah, FL PURPOSE: ASSIST INPURPOSE OF CHARITABLE ORGANIZATIONS | $2,000 |
Endowment Analysis
| Beg. Balance | $3,264,550 |
| Earnings | -$126,599 |
| Net Contributions | $309,188 |
| Ending Balance | $3,447,139 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Kings Academy Inc West Palm Beach, FL | $71,507,499 | $41,105,705 |
Bridgeprep Academy Inc Miami, FL | $11,150,990 | $35,186,838 |
Westminster Christian School Miami, FL | $63,040,762 | $31,809,440 |
Scheck Hillel Community School Inc North Miami, FL | $32,581,738 | $29,091,360 |
Cushman School Inc Miami, FL | $60,717,443 | $28,827,418 |
Mt Paran Christian School Inc Kennesaw, GA | $56,928,804 | $29,889,603 |
The Hebrew Day School Of Broward County Inc Davie, FL | $31,151,205 | $23,429,832 |
Trinity School Inc Atlanta, GA | $133,203,671 | $25,058,941 |
Carrollwood Day School Education Inc Tampa, FL | $44,857,641 | $20,567,249 |
Kipp Jacksonville Inc Jacksonville, FL | $9,839,108 | $19,518,543 |
Randolph School Huntsville, AL | $69,168,210 | $21,425,432 |
Renaissance Arts And Education Inc Palmetto, FL | $29,910,781 | $21,492,050 |