Sayre School
- Assets
- $37.9m
- Revenue
- $16.9m
- Investments
- $0.0
- Employees
- 239
- Location
- Lexington, KY
- Founding
- 03/1947
- Data as of
- 06/2021
- EIN
- 61-0449657
Organization Overview
Sayre School is located in Lexington, KY. The organization was established in 1947. According to its NTEE Classification (B20) the organization is classified as: Elementary & Secondary Schools, under the broad grouping of Education and related organizations. As of 06/2021, Sayre School employed 239 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sayre School 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, Sayre School generated $16.9m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.7% each year. All expenses for the organization totaled $15.6m during the year ending 06/2021. While expenses have increased by 3.4% 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
INDEPENDENT CO-EDUCATIONAL COLLEGE PREPATORY DAY SCHOOL SERVING STUDENTS PRE-SCHOOL THROUGH TWELFTH GRADE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PRESCHOOL, ELEMENTARY, MIDDLE AND UPPER SCHOOL EDUCATION - APPROXIMATELY 587 STUDENTS ENROLLED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stephen Manella Headmaster | Officer | 40 | $253,985 |
L Brooks Mclamb Director Of Finance And Operations | Officer | 40 | $150,728 |
Timothy O'rourke Administrator | 40 | $110,182 | |
Emily Cowles Chair | OfficerTrustee | 3 | $0 |
Jacquelin Whitaker Secretary | OfficerTrustee | 1 | $0 |
Rodney S Shockley Treasurer | OfficerTrustee | 3 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Opel Anderson Llc Janitorial Service | 6/29/20 | $202,833 |
Gordon Food Services Food Service | 6/29/20 | $131,957 |
Arrow Electric Company Inc Electricians | 6/29/20 | $111,034 |
Arrow Electric Company Inc Electricians | 6/29/20 | $111,034 |
Gordon Food Services Food Service | 6/29/20 | $131,957 |
Opel Anderson Llc Janitorial Service | 6/29/20 | $202,833 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,602,554 |
| All other contributions, gifts, grants, and similar amounts not included above | $562,230 |
| Noncash contributions included in lines 1a–1f | $20,874 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,164,784 |
| Total Program Service Revenue | $13,774,287 |
| Investment income | $141,239 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $51,400 |
| Net Gain/Loss on Asset Sales | $602,649 |
| Net Income from Fundraising Events | $151,647 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $16,925,718 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $2,077,315 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $404,713 |
| Compensation of current officers, directors, key employees. | $404,713 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $6,465,466 |
| Pension plan accruals and contributions | $216,360 |
| Other employee benefits | $824,168 |
| Payroll taxes | $487,159 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $117,850 |
| 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 | $707,214 |
| Advertising and promotion | $50,101 |
| Office expenses | $21,316 |
| Information technology | $197,485 |
| Royalties | $0 |
| Occupancy | $823,526 |
| Travel | $12,481 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $51,413 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,179,127 |
| Insurance | $137,318 |
| All other expenses | $308,690 |
| Total functional expenses | $15,645,466 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,663,836 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $680,864 |
| Accounts receivable, net | $96,627 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $15,576 |
| Prepaid expenses and deferred charges | $199,061 |
| Net Land, buildings, and equipment | $24,335,855 |
| Investments—publicly traded securities | $8,955,351 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,350 |
| Total assets | $37,948,520 |
| Accounts payable and accrued expenses | $621,248 |
| Grants payable | $0 |
| Deferred revenue | $3,159,691 |
| 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 | $6,026,025 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,450 |
| Total liabilities | $9,809,414 |
| Net assets without donor restrictions | $22,320,571 |
| Net assets with donor restrictions | $5,818,535 |
| 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 | $37,948,520 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Sayre School has recieved totaling $200.
| Awarding Organization | Amount |
|---|---|
Hep Foundation Lexington, KY PURPOSE: GENERAL PURPOSE | $200 |
Endowment Analysis
| Beg. Balance | $7,017,197 |
| Earnings | $1,948,128 |
| Net Contributions | $211,736 |
| Other Expense | $221,710 |
| Ending Balance | $8,955,351 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Potomac School Mclean, VA | $225,192,195 | $49,665,882 |
Hawken School Gates Mills, OH | $144,772,582 | $45,602,433 |
Francis W Parker School Chicago, IL | $194,788,594 | $67,683,715 |
Flint Hill School Oakton, VA | $94,406,099 | $45,449,765 |
Mary Institute And Saint Louis Country Day School St Louis, MO | $240,203,179 | $40,528,498 |
Confluence Academy St Louis, MO | $36,687,360 | $48,180,498 |
University School Shaker Heights, OH | $196,923,470 | $66,975,999 |
Columbus Academy Gahanna, OH | $107,517,374 | $39,084,449 |
Pembroke Hill School Kansas City, MO | $163,708,613 | $51,122,329 |
St Annes-Belfield Inc Charlottesville, VA | $122,363,605 | $34,335,007 |
Norfolk Academy Norfolk, VA | $147,079,429 | $29,484,040 |
Park Tudor Foundation Inc Indianapolis, IN | $62,976,373 | $33,968,467 |