The Carey School
- Assets
- $32.3m
- Revenue
- $12.1m
- Investments
- $0.0
- Employees
- 95
- Location
- San Mateo, CA
- Founding
- 05/1990
- Data as of
- 06/2023
- EIN
- 94-3085954
Organization Overview
The Carey School is located in San Mateo, CA. The organization was established in 1990. 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 06/2023, Carey School employed 95 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Carey 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 06/2023, Carey School generated $12.1m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.5% each year. All expenses for the organization totaled $11.8m during the year ending 06/2023. While expenses have increased by 6.2% 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
OPERATION OF A PRIMARY CO-EDUCATIONAL SCHOOL FOR GRADES PRESCHOOL THROUGH FIFTH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PRIMARY PROGRAM IS THE EDUCATION OF STUDENTS - VIA THE CLASSROOM, THE AFTERSCHOOL ENRICHMENT PROGRAMS, AND THE AFTER SCHOOL CARE PROGRAM. CURRENTLY 288 STUDENTS ARE ENROLLED AT THE CAREY SCHOOL. APPROXIMATELY 11% OF THE STUDENT BODY, OR 32 STUDENTS ARE SUPPORTED BY FINANCIAL ASSISTANCE WHICH MAY INCLUDE TUITION ASSISTANCE, SUPPORT FOR TUTORING AND OTHER EVALUATIONS, SUPPORT FOR AFTER SCHOOL CARE AND LUNCH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Neely Norris Head Of School | Officer | 40 | $277,085 |
Susan Loveall CFO | Officer | 40 | $252,996 |
Duncan Lyon Fmr Head School | Officer | 40 | $226,027 |
Robert Miles Dir. Of It | 40 | $141,594 | |
Ida Gruber Dir Od Admsn & Fin | 40 | $134,684 | |
Resham Bharwani Dir Of Development | 40 | $135,939 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Hkit Architects Architect | 6/29/20 | $272,124 |
Epicurean Group Food Service Provider | 6/29/20 | $217,226 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $118,357 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,174,954 |
| Noncash contributions included in lines 1a–1f | $44,758 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,293,311 |
| Total Program Service Revenue | $10,694,060 |
| Investment income | $135,026 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $5,000 |
| Net Gain/Loss on Asset Sales | -$5,923 |
| Net Income from Fundraising Events | -$32,940 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $12,088,910 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $783,468 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $628,100 |
| Compensation of current officers, directors, key employees. | $84,842 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,747,568 |
| Pension plan accruals and contributions | $330,820 |
| Other employee benefits | $760,767 |
| Payroll taxes | $462,737 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $92,276 |
| Fees for services: Accounting | $28,542 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $116,463 |
| Advertising and promotion | $28,432 |
| Office expenses | $321,116 |
| Information technology | $235,466 |
| Royalties | $0 |
| Occupancy | $485,536 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $102,576 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $776,830 |
| Insurance | $104,446 |
| All other expenses | $32,093 |
| Total functional expenses | $11,759,063 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,731,366 |
| Savings and temporary cash investments | $860,332 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $40,363 |
| Loans from Officers, Directors, or Controlling Persons | $78,011 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $189,911 |
| Net Land, buildings, and equipment | $20,825,802 |
| Investments—publicly traded securities | $7,279,329 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $326,910 |
| Total assets | $32,332,024 |
| Accounts payable and accrued expenses | $628,573 |
| Grants payable | $0 |
| Deferred revenue | $5,435,565 |
| 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 | $3,507,791 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $235,308 |
| Total liabilities | $9,807,237 |
| Net assets without donor restrictions | $20,363,092 |
| Net assets with donor restrictions | $2,161,695 |
| 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 | $32,332,024 |