Crane School
- Assets
- $26.6m
- Revenue
- $10.8m
- Investments
- $0.0
- Employees
- 76
- Location
- Santa Barbara, CA
- Founding
- 12/1942
- Data as of
- 06/2022
- EIN
- 95-1643315
Organization Overview
Crane School is located in Santa Barbara, CA. The organization was established in 1942. 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, Crane School employed 76 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Crane 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, Crane School generated $10.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.6% each year. All expenses for the organization totaled $9.9m during the year ending 06/2022. While expenses have increased by 2.0% 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
CRANE COUNTRY DAY SCHOOL IS DEDICATED TO PROVIDING AN EXPERIENTIAL EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN FISCAL 2022, CRANE WAS ABLE TO PROVIDE A ROBUST ON-CAMPUS EXPERIENCE TO ITS ENTIRE STUDENT BODY WITH NO DISRUPTION TO THE LEARNING PROCESS FROM THE COVID-19 PANDEMIC. THE SCHOOL MAINTAINED A COMPLETE PROGRAM OF ACADEMIC, EXTRACURRICULAR, AND ATHLETIC ACTIVITIES FOR ALL ITS STUDENTS.ALSO, IN FISCAL 2022, CRANE WAS ABLE TO INCREASE THE FINANCIAL SUPPORT FOR ITS COMMUNITY BY ADDING FUNDING TO ITS TUITION ASSISTANCE PROGRAM TO PROVIDE EACH FAMILY RECEIVING TUITION ASSISTANCE WITH AN ADDITIONAL GRANT TO FUND, AT THEIR OWN DISCRETION, PARTICIPATION IN THE FULL RANGE OF NON-ACADEMIC ACTIVITIES INCLUDING SOCIAL EVENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joel Weiss Head Of School | 40 | $398,806 | |
Deborah Williams Director Of Development | 40 | $160,000 | |
Mark Schmidt Director Of Finance | 40 | $150,000 | |
Peggy Smith Head Of Upper School | 40 | $140,000 | |
Kristi Dichard Head Of Lower Scho | 40 | $120,000 | |
Erin Guerra Dir. Of Admissions | 40 | $113,081 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Seasons Catering Catering | 6/29/20 | $126,828 |
Pacific Maintenance Service Maintenance | 6/29/20 | $100,010 |
Seasons Catering Catering | 6/29/20 | $126,828 |
Tynan Group Inc Construction | 6/29/20 | $100,581 |
Pacific Maintenance Service Maintenance | 6/29/20 | $100,010 |
Tynan Group Inc Construction | 6/29/20 | $100,581 |
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 | $1,546,478 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,546,478 |
| Total Program Service Revenue | $8,213,968 |
| Investment income | $531,642 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $433,473 |
| Net Income from Fundraising Events | $98,005 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $10,823,566 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $10,000 |
| Grants and other assistance to domestic individuals. | $1,214,067 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $952,004 |
| Compensation of current officers, directors, key employees. | $229,643 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,254,843 |
| Pension plan accruals and contributions | $243,025 |
| Other employee benefits | $608,519 |
| Payroll taxes | $390,611 |
| 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 | $25,000 |
| Fees for services: Other | $257,692 |
| Advertising and promotion | $55,937 |
| Office expenses | $167,155 |
| Information technology | $161,018 |
| Royalties | $0 |
| Occupancy | $333,220 |
| Travel | $51,853 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $453,141 |
| Insurance | $184,213 |
| All other expenses | $14,319 |
| Total functional expenses | $9,858,751 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,375,882 |
| Savings and temporary cash investments | $621,901 |
| Pledges and grants receivable | $365,995 |
| Accounts receivable, net | $30,944 |
| 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 | $112,987 |
| Net Land, buildings, and equipment | $11,413,941 |
| Investments—publicly traded securities | $6,326,626 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $351,532 |
| Total assets | $26,599,808 |
| Accounts payable and accrued expenses | $347,004 |
| Grants payable | $0 |
| Deferred revenue | $5,780,087 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $326,532 |
| Total liabilities | $6,453,623 |
| Net assets without donor restrictions | $13,057,324 |
| Net assets with donor restrictions | $7,088,861 |
| 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 | $26,599,808 |
Grants Recieved
Over the last fiscal year, we have identified 11 grants that Crane School has recieved totaling $420,178.
| Awarding Organization | Amount |
|---|---|
Santa Barbara Foundation Santa Barbara, CA PURPOSE: EDUCATIONAL INSTITUTIONS | $196,000 |
Goldman Sachs Charitable Gift Fund New York, NY PURPOSE: SCHOLARSHIPS & FINANCIAL AID | $87,500 |
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $57,500 |
Goldman Sachs Charitable Gift Fund New York, NY PURPOSE: EDUCATIONAL PROGRAMS & OTHER STUDENT SVC | $27,500 |
Arie And Ida Crown Memorial Chicago, IL PURPOSE: GENERAL OPERATING | $20,000 |
Tony And Kyra Rogers Foundation Wilmington, DE PURPOSE: CRANE ANNUAL FUND | $15,000 |
Endowment Analysis
| Beg. Balance | $9,252,715 |
| Earnings | -$814,866 |
| Net Contributions | $103,750 |
| Other Expense | $382,984 |
| Ending Balance | $8,158,615 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Childrens Day School Inc San Francisco, CA | $48,363,638 | $20,220,768 |
Great Valley Academy Modesto, CA | $24,077,962 | $19,349,620 |
San Francisco Day School San Francisco, CA | $90,241,572 | $23,860,788 |
Dr Miriam And Sheldon G Adelson Educational Institute Las Vegas, NV | $45,249,882 | $16,559,222 |
Synapse School Menlo Park, CA | $20,691,097 | $17,078,899 |
Mark Day School San Rafael, CA | $46,409,583 | $18,444,024 |
Hillbrook School Los Gatos, CA | $32,644,985 | $20,493,868 |
Heights Christian Schools La Habra Heights, CA | $13,507,090 | $16,795,259 |
Griffin Technology Academies Vallejo, CA | $23,322,546 | $19,613,805 |
Valley Christian School System Cerritos, CA | $15,496,227 | $17,847,318 |
Redlands Christian School Redlands, CA | $36,719,487 | $19,631,459 |
John Thomas Dye School Los Angeles, CA | $79,181,916 | $17,060,481 |