Ideal School Of Manhattan
- Assets
- $22.5m
- Revenue
- $19.2m
- Investments
- $0.0
- Employees
- 138
- Location
- New York, NY
- Founding
- 09/2006
- Data as of
- 06/2021
- EIN
- 76-0800603
Organization Overview
Ideal School Of Manhattan is located in New York, NY. The organization was established in 2006. 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, Ideal School Of Manhattan employed 138 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ideal School Of Manhattan 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, Ideal School Of Manhattan generated $19.2m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.5% each year. All expenses for the organization totaled $18.0m during the year ending 06/2021. While expenses have increased by 5.9% 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
AN INDEPENDENT SCHOOL PROVIDING A COMPREHENSIVE EDUCATIONAL PROGRAM FOR CHILDREN FROM K THROUGH 12TH GRADE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF A K THROUGH GRADE TWELVE ELEMENTARY SCHOOL EXTENDING THE DEFINITION OF DIVERSITY IN EDUCATION TO INCLUDE VARYING ABILITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Janet Wolfe Head School | OfficerTrustee | 40 | $377,585 |
Samuel Keany Upper School Head | 40 | $141,376 | |
Lori Murphy Director Admissions | 40 | $135,255 | |
Amanda Menzie Hr Director | 40 | $132,816 | |
Jorge Chica Director Of Technology | 40 | $131,531 | |
Tara Fersko Dylan Program Director | 40 | $107,167 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Schulte Roth Zabel Legal | 6/29/21 | $114,002 |
My Boxed Lunch Food Service | 6/29/21 | $126,606 |
Jc Food Food Service | 6/29/21 | $258,286 |
B'nai Jeshurun Rent | 6/29/21 | $1,856,020 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $200,000 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,472,111 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,672,111 |
| Total Program Service Revenue | $16,514,147 |
| Investment income | $4,649 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $21,632 |
| Net Income from Gaming Activities | $27,200 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $19,239,739 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $4,531,173 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $512,276 |
| Compensation of current officers, directors, key employees. | $512,276 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $7,017,644 |
| Pension plan accruals and contributions | $145,432 |
| Other employee benefits | $988,523 |
| Payroll taxes | $587,283 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $118,369 |
| Fees for services: Accounting | $16,669 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $17,633 |
| Advertising and promotion | $0 |
| Office expenses | $152,893 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,682,063 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $352,210 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $383,731 |
| Insurance | $262,525 |
| All other expenses | $0 |
| Total functional expenses | $18,014,054 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $828,660 |
| Savings and temporary cash investments | $1,801,084 |
| Pledges and grants receivable | $12,533 |
| Accounts receivable, net | $7,930,637 |
| 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 | $11,902,409 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $63,493 |
| Total assets | $22,538,816 |
| Accounts payable and accrued expenses | $1,714,845 |
| Grants payable | $0 |
| Deferred revenue | $1,700,265 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $7,000,000 |
| Secured mortgages and notes payable | $3,720 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,828,232 |
| Total liabilities | $12,247,062 |
| Net assets without donor restrictions | $10,291,754 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $22,538,816 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Ideal School Of Manhattan has recieved totaling $30,000.
| Awarding Organization | Amount |
|---|---|
Audra Zuckerman And Mitchell Rubinfoundation Inc Pound Ridge, NY PURPOSE: CHARITABLE DONATION | $30,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Rye Country Day School Rye, NY | $168,719,071 | $53,917,933 |
Pennsylvania Leadership Charter Schools West Chester, PA | $90,879,263 | $65,797,836 |
The Public School Of Germantown Fort Washington, PA | $151,608,543 | $52,601,237 |
Peddie School Hightstown, NJ | $613,419,387 | $58,126,453 |
William Penn Charter School Inc Philadelphia, PA | $232,730,859 | $59,443,641 |
Trevor Day School New York, NY | $179,718,336 | $48,695,331 |
International College-Beirut Lebanon New York, NY | $209,567,353 | $51,574,911 |
Montclair Kimberly Academy Foundation Montclair, NJ | $86,504,754 | $51,589,426 |
Princeton Day School Inc Princeton, NJ | $166,237,830 | $58,529,058 |
Nightingale-Bamford School New York, NY | $159,201,980 | $40,384,072 |
Masters School Dobbs Ferry, NY | $186,890,779 | $50,762,923 |
Shady Side Academy Pittsburgh, PA | $133,159,735 | $43,966,956 |