Sayre School
- Assets
- $35.3m
- Revenue
- $16.7m
- Investments
- $0.0
- Employees
- 0
- Location
- Lexington, KY
- Founding
- 03/1947
- Data as of
- 06/2022
- 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. 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 06/2022, Sayre School generated $16.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.8% each year. All expenses for the organization totaled $16.0m during the year ending 06/2022. While expenses have increased by 3.3% 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
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.
PRESCHOOL, ELEMENTARY, MIDDLE AND UPPER SCHOOL EDUCATION - APPROXIMATELY 587 STUDENTS ENROLLED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Emily Cowles Chair | OfficerTrustee | 3 | $0 |
Jennie Garlington Director | Trustee | 1 | $0 |
Kelly Healy Director | Trustee | 1 | $0 |
Knox Van Nagell Pfister Director | Trustee | 1 | $0 |
Langdon Shoop Director | Trustee | 1 | $0 |
Dr Azhar Aslam Director | Trustee | 1 | $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 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $9,042 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,310,166 |
| Noncash contributions included in lines 1a–1f | $89,718 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,319,208 |
| Total Program Service Revenue | $14,605,889 |
| Investment income | $257,065 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $48,105 |
| Net Gain/Loss on Asset Sales | $140,189 |
| Net Income from Fundraising Events | $317,499 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $16,724,257 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $2,011,165 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $514,895 |
| Compensation of current officers, directors, key employees. | $514,895 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $6,480,842 |
| Pension plan accruals and contributions | $213,990 |
| Other employee benefits | $857,284 |
| Payroll taxes | $491,363 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $165,083 |
| 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 | $779,210 |
| Advertising and promotion | $63,473 |
| Office expenses | $17,042 |
| Information technology | $209,752 |
| Royalties | $0 |
| Occupancy | $870,619 |
| Travel | $20,285 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $67,201 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,177,886 |
| Insurance | $140,167 |
| All other expenses | $522,178 |
| Total functional expenses | $15,990,238 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,335,652 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $289,162 |
| Accounts receivable, net | $38,342 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $14,148 |
| Prepaid expenses and deferred charges | $374,073 |
| Net Land, buildings, and equipment | $24,521,886 |
| Investments—publicly traded securities | $7,742,452 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $350 |
| Total assets | $35,316,065 |
| Accounts payable and accrued expenses | $595,500 |
| Grants payable | $0 |
| Deferred revenue | $1,789,748 |
| 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 | $5,558,687 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,450 |
| Total liabilities | $7,946,385 |
| Net assets without donor restrictions | $22,149,118 |
| Net assets with donor restrictions | $5,220,562 |
| 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 | $35,316,065 |