Lake Grove School in Lake Grove, New York (NY)

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Lake Grove School
Employer Identification Number (EIN)111802815
Name of OrganizationLake Grove School
AddressPO BOX 712, Lake Grove, NY 11755-0712
ActivitiesSchool, college, trade school, etc.
SubsectionEducational Organization
Ruling Date03/1949
DeductibilityContributions are deductible
FoundationSchool
OrganizationCorporation
Tax Period06/2010
Assets$5,000,000 to $9,999,999
Income$5,000,000 to $9,999,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$6,256,470
Amount of Income$8,032,017
Form 990 Revenue Amount$8,032,017
National Taxonomy of Exempt Entities (NTEE)Educational Institutions and Related Activities: Specialized Education Institutions


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Amount of income in 2010: $8,032,017
Lake Grove School: 

 $8,032,017
Other organizations performing similar types of work: 

 $2,146,124

Assets in 2010: $6,256,470
Lake Grove School: 

 $6,256,470
Other organizations performing similar types of work: 

 $1,552,375

Expenses in 2010: $11,955,215
This organization: 

 $11,955,215
Other organizations performing similar types of work: 

 $2,251,899

Income to expenses ratio in 2010: 0.7
This organization: 

 0.7
Other organizations performing similar types of work: 

 1.0

Expenses allocated to program services in 2007: 84.7%
This organization: 

 84.7%
Other organizations performing similar types of work: 

 88.0%

Number of employees in 2007: 141
Lake Grove School: 

 141
Other organizations performing similar types of work: 

 64

Employees paid over $50,000 in 2007: 28.4%
This organization: 

 28.4%
Other organizations performing similar types of work: 

 27.3%

Grants share in income in 2010: 3.2%
Lake Grove School: 

 3.2%
Other organizations performing similar types of work: 

 23.3%

Financial snapshot ($)

Revenue for 2010

Functional expenses for 2010

Statements Regarding Other IRS Filings and Tax Compliance (for 2010)
Did the organization have unrelated business gross income of $1,000 or more during the year?No
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities $0
Gross income from members or shareholders$0
Gross income from other sources$0
Statement of Revenue (for 2010)
Total revenue$8,032,017
Contributions, Gifts, Grants and Other Similar Amounts$257,849
Program Service Revenue$9,475,919
Other Revenue
Investment income (including dividends, interest, and other similar amounts)$238
Income from investment of tax-exempt bond proceeds$0
Royalties$0
Net rental income$0
Net loss from sales of assets other than inventory$-1,783,542
Gross amount from sales of assets other than inventory (Securities / Other)$0 / $-1,783,542
Less: cost or other basis and sales expenses (Securities / Other)$0 / $0
Gain or (loss) (Securities / Other)$0 / $-1,783,542
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous Revenue$81,553
Statement of Functional Expenses (for 2010)
Total functional expenses$11,955,215
Compensation of current officers, directors, trustees, and key employees$155,701
Other salaries and wages$5,814,205
Payroll taxes$476,514
Professional fundraising services$0
Other$5,508,795
Balance Sheet (for 2010)
Total assets$6,256,470
Total liabilities$4,861,789
Tax-exempt bond liabilities$0
Secured mortgages and notes payable to unrelated third parties$650,000
Unsecured notes and loans payable to unrelated third parties$0
Other$4,211,789
Total net assets or fund balances$1,394,681
Retained earnings, endowment, accumulated income, or other funds$0
Reason for Public Charity Status (for 2010)
The organization is not a private foundation because it is:A school described in section 170(b)(1)(A)(ii)
Revenue, Expenses, and Changes in Net Assets or Fund Balances
2004200520062007
Total revenue$11,080,442$11,168,130$13,852,663$11,265,806
Contributions, gifts, grants, and similar amounts received$221,929$160,329$353,103$385,620
Contributions to donor advised funds$0$0
Direct public support$916$247$292$246
Indirect public support$0$0$0$0
Government contributions (grants)$221,013$160,082$352,811$385,374
Program service revenue including government fees and contracts$11,150,312$10,944,699$13,460,815$12,127,411
Membership dues and assessments$0$0$0$0
Interest on savings and temporary cash investments$1,333$2,209$4,226$1,552
Dividends and interest from securities$0$0$0$0
Net rental income or (loss)$0$0$0$0
Gross rents$0$0$0$0
Less: rental expenses$0$0$0$0
Other investment income$0$0$0$0
Gain or (loss) from sales of assets other than inventory$-418,000$0$0$0
Gross amount from sales of assets other than inventory$0$0$0$0
Less: cost or other basis and sales expenses$418,000$0$0$0
Net income or (loss) from special events and activities$0$0$0$0
Gross revenue$0$0$0$0
Less: direct expenses other than fundraising expenses$0$0$0$0
Gross profit or (loss) from sales of inventory$0$0$0$0
Gross sales of inventory, less returns and allowances$0$0$0$0
Less: cost of goods sold$0$0$0$0
Other revenue$124,868$60,893$34,519$-1,248,777
Total expenses$10,626,534$11,292,211$12,073,901$12,431,286
Program services$9,002,636$9,139,753$10,397,774$10,529,468
Management and general$1,623,898$2,152,458$1,676,127$1,901,818
Fundraising$0$0$0$0
Payments to affiliates$0$0$0$0
Net assets or fund balances at end of year$2,199,765$2,075,684$3,854,446$2,688,966
Excess or (deficit) for the year$453,908$-124,081$1,778,762$-1,165,480
Net assets or fund balances at beginning of year$1,745,857$2,199,765$2,075,684$3,854,446
Other changes in net assets or fund balances$0$0$0$0
Statement of Functional Expenses (for 2007)
TotalProgram servicesManagement and generalFundraising
Total functional expenses$12,431,286$10,529,468$1,901,818$0
Grants paid from donor advised funds$0
Other grants and allocations$0
Specific assistance to individuals$0
Benefits paid to or for members$0
Compensation of current officers, directors, key employees, etc.$148,918$0$148,918$0
Compensation of former officers, directors, key employees, etc.$0$0$0$0
Compensation and other distributions, not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)$0$0$0$0
Salaries and wages of employees not included above$6,358,869$6,000,081$358,788$0
Pension plan contributions not included above$108,282$103,131$5,151$0
Employee benefits not included above$1,761,711$1,625,121$136,590$0
Payroll taxes$487,408$449,626$37,782$0
Professional fundraising fees$0$0$0$0
Accounting fees$29,037$0$29,037$0
Legal fees$23,942$0$23,942$0
Supplies$680,555$678,970$1,585$0
Telephone$53,243$48,984$4,259$0
Postage and shipping$7,014$6,453$561$0
Occupancy$396,594$367,642$28,952$0
Equipment rental and maintenance$241,633$222,302$19,331$0
Printing and publications$8,517$7,836$681$0
Travel$47,593$45,217$2,376$0
Conferences, conventions, and meetings$0$0$0$0
Interest$31,757$29,217$2,540$0
Depreciation, depletion, etc.$100,221$92,203$8,018$0
Other expenses not covered above$1,945,992$852,685$1,093,307$0
Balance Sheets
2004200520062007
Total assets$8,121,928$8,378,478$9,613,577$10,345,419
Cash - non-interest-bearing$1,087,761$9,529$9,732$9,368
Savings and temporary cash investments$3,350$664,097$939,609$564,789
Accounts receivable less allowance for doubtful accounts$2,634,995$3,103,172$3,752,545$4,505,969
Pledges receivable less allowance for doubtful accounts$0$0$0$0
Grants receivable$0$0$0$0
Receivables from current and former officers, directors, trustees, and key employees$0$0$0$0
Receivables from other disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)$0$0
Other notes and loans receivable less allowance for doubtful accounts$0$0$0$0
Inventories for sale or use$0$0$0$0
Prepaid expenses and deferred charges$273,908$265,012$261,218$259,738
Investments - publicly-traded securities$0$0
Investments - other securities$0$0$0$0
Investments - land, buildings, and equipment less accumulated depreciation$0$0$0$0
Investments - other$0$0$0$0
Land, buildings, and equipment less accumulated depreciation$4,121,814$4,336,568$4,642,999$5,005,555
Other assets, including program-related investments$100$100$7,474$0
Total liabilities$5,922,163$6,302,794$5,759,131$7,656,453
Accounts payable and accrued expenses$1,982,231$2,459,956$2,035,867$2,079,453
Grants payable$0$0$0$0
Deferred revenue$7,133$126,395$0$0
Loans from officers, directors, trustees, and key employees$0$0$0$0
Tax-exempt bond liabilities$0$0$0$0
Mortgages and other notes payable$3,200,000$3,200,000$3,200,000$3,625,000
Other liabilities$732,799$516,443$523,264$1,952,000
Total liabilities and net assets/fund balances$8,121,928$8,378,478$9,613,577$10,345,419
Total net assets or fund balances$2,199,765$2,075,684$3,854,446$2,688,966
Reconciliation of Revenue per Audited Financial Statements With Revenue per Return
2004200520062007
Total revenue$11,080,442$11,168,130$13,852,663$0
Total revenue, gains, and other support per audited financial statements$11,080,442$11,168,130$13,852,663$0
Other expenses$0$0$0$0
Net unrealized gains on investments$0$0$0$0
Donated services and use of facilities$0$0$0$0
Recoveries of prior year grants$0$0$0$0
Other$0$0$0$0
Other revenue$0$0$0$0
Investment expenses$0$0$0$0
Other$0$0$0$0
Reconciliation of Expenses per Audited Financial Statements With Expenses per Return
2004200520062007
Total expenses$10,626,534$11,292,211$12,073,901$0
Total expenses and losses per audited financial statements$10,626,534$11,292,211$12,073,901$0
Other revenue$0$0$0$0
Donated services and use of facilities$0$0$0$0
Prior year adjustments$0$0$0$0
Losses$0$0$0$0
Other$0$0$0$0
Other expenses$0$0$0$0
Investment expenses$0$0$0$0
Other$0$0$0$0
Current Officers, Directors, Trustees, and Key Employees
Average hours per week devoted to positionCompensationContributions to employee benefit plans & deferred compensation plansExpense account and other allowances
40$140,603$3,515$4,800
Total number of officers, directors, and trustees permitted to vote on organization business at board meetings5
Are any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, related to each other through family or business relationships?No
Do any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, receive compensation from any other organizations, whether tax exempt or taxable, that are related to the organization?Yes
Does the organization have a written conflict of interest policy?Yes
Other Information
Did the organization have unrelated business gross income of $1,000 or more during the year covered by this return, and has it filed a tax return on Form 990-T for this year?No
Was there a liquidation, dissolution, termination, or substantial contraction during the year?No
Is the organization related (other than by association with a statewide or nationwide organization) through common membership, governing bodies, trustees, officers, etc., to any other exempt or nonexempt organization?Yes
Direct and indirect political expenditures$0
Did the organization file Form 1120-POL for this year?No
Were substantially all dues nondeductible by members?
Did the organization make only in-house lobbying expenditures of $2,000 or less?
Dues, assessments, and similar amounts from members$0
Section 162(e) lobbying and political expenditures$0
Aggregate nondeductible amount of section 6033(e)(1)(A) dues notices$0
Taxable amount of lobbying and political expenditures$0
Does the organization elect to pay the section 6033(e) tax on the amount above?
If section 6033(e)(1)(A) dues notices were sent, does the organization agree to add the amount above to its reasonable estimate of dues allocable to nondeductible lobbying and political expenditures for the following tax year?
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities$0
At any time during the year, did the organization, directly or indirectly, own a controlled entity within the meaning of section 512(b)(13)?No
Amount of tax imposed on the organization during the year under: section 4911$0
Amount of tax imposed on the organization during the year under: section 4912$0
Amount of tax imposed on the organization during the year under: section 4955$0
Did the organization engage in any section 4958 excess benefit transaction during the year or did it become aware of an excess benefit transaction from a prior year?No
Amount of tax imposed on the organization managers or disqualified persons during the year under sections 4912, 4955, and 4958$0
Amount of tax above, reimbursed by the organization$0
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?No
Did the organization acquire a direct or indirect interest in any applicable insurance contract?No
Did the supporting organization, or a fund maintained by a sponsoring organization, have excess business holdings at any time during the year?No
Number of employees employed in the pay period that includes March 12, 2006141
Analysis of Income-Producing Activities (for 2007)
Unrelated business incomeExcluded by section 512, 513, or 514Related or exempt function income
Business codeAmountExclusion codeAmount
Total$0$-1,247,225$12,127,411
Program service revenue
Program service revenue 1000000$000$0$3,246,752
Program service revenue 2000000$000$0$7,645,710
Program service revenue 3000000$000$0$661,305
Program service revenue 4000000$000$0$0
Program service revenue 5000000$000$0$0
Medicare/Medicaid payments000000$000$0$573,644
Fees and contracts from government agencies000000$000$0$0
Membership dues and assessments000000$000$0$0
Interest on savings and temporary cash investments000000$0Dividends, interest, payments with respect to securities loans, annuities, income from notional principal contracts, loan commitment fees, and other substantially similar income from ordinary and routine investments excluded by section 512(b)(1)$1,552$0
Dividends and interest from securities000000$000$0$0
Net rental income or (loss) from real estate
debt-financed property000000$000$0$0
not debt-financed property000000$000$0$0
Net rental income or (loss) from personal property000000$000$0$0
Other investment income000000$000$0$0
Gain or (loss) from sales of assets other than inventory000000$000$0$0
Net income or (loss) from special events000000$0Income from an activity that is not regularly carried on (section 512(a)(1))$-1,248,777$0
Gross profit or (loss) from sales of inventory000000$000$0$0
Other revenue000000$000$0$0
Information Regarding Taxable Subsidiaries and Disregarded Entities (for 2007)
EIN of corporation, partnership, or disregarded entityPercentage of ownership interestTotal incomeEnd-of-year assets
0%$0$0
0%$0$0
0%$0$0
0%$0$0
Compensation of the Five Highest Paid Employees Other Than Officers, Directors, and Trustees (for 2007)
CompensationContributions to employee benefit plans & deferred compensationExpense account and other allowances
$139,804$2,097$0
$102,399$4,096$0
$94,885$3,795$0
$86,557$3,462$0
$84,636$0$0
Total number of other employees paid over $50,00034
Statements About Activities (for 2007)
Expenses paid or incurred in connection with the lobbying activities$0
Did the organization receive or hold an easement for conservation purposes, including easements to preserve open space, the environment, historic land areas or historic structures?No
Did the organization provide credit counseling, debt management, credit repair, or debt negotiation services?No
Did the organization maintain any donor advised funds?No
Did the organization make any taxable distributions under section 4966?No
Did the organization make a distribution to a donor, donor advisor, or related person?No
The total number of donor advised funds owned at the end of the tax year$0
The aggregate value of assets held in all donor advised funds owned at the end of the tax year$0
The total number of separate funds or accounts owned at the end of the tax year (excluding donor advised funds included above) where donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts$0
The aggregate value of assets held in all funds or accounts included above at the end of the tax year$0
Reason for Non-Private Foundation Status
The organization is not a private foundation because it isSchool
Support Schedule
2003200420052006
Total$0$0$0$0
Gifts, grants, and contributions received$0$0$0$0
Membership fees received$0$0$0$0
Gross receipts from admissions, merchandise sold or services performed, or furnishing of facilities in any activity that is related to the organization's charitable, etc., purpose$0$0$0$0
Gross income from interest, dividends, amounts received from payments on securities loans (section 512(a)(5)), rents, royalties, and unrelated business taxable income (less section 511 taxes) from businesses acquired by the organization after June 30, 1975$0$0$0$0
Net income from unrelated business activities not included above$0$0$0$0
Tax revenues levied for the organization's benefit and either paid to it or expended on its behalf$0$0$0$0
The value of services or facilities furnished to the organization by a governmental unit without charge. Do not include the value of services or facilities generally furnished to the public without charge$0$0$0$0
Other income$0$0$0$0
Lobbying Expenditures by Electing Public Charities (for 2007)
Total exempt purpose expenditures$0
Total lobbying expenditures$0
Total lobbying expenditures to influence public opinion (grassroots lobbying)$0
Total lobbying expenditures to influence a legislative body (direct lobbying)$0
Other exempt purpose expenditures$0
Lobbying nontaxable amount$0
Grassroots nontaxable amount$0
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Windward School Inc13 Windward Ave, White Plains, NY 10605NY1955-08$33,224,431
2Lake Grove SchoolPO BOX 712, Lake Grove, NY 11755-0712NY1949-03$8,032,017
3Hebrew Academy For Special Children Inc5902 14th Ave, Brooklyn, NY 11219-5066NY1968-04$36,518,938
4Summit Educational Resources Inc150 Stahl Rd, Getzville, NY 14068-1231NY1978-06$22,631,159
5Stephen Gaynor School148 W 90th St, New York, NY 10024-1202NY1963-12$20,873,577
6Martin De Porres School Inc621 Elmont Rd, Elmont, NY 11003-4028NY1974-07$20,468,582
7Mary Haven School Corp51 Terryville Rd, Port Jeff Sta, NY 11776-1331NY1946-03$17,835,939
8Steppingstone Day School Inc7740 Vleigh Pl, Kew Garden Hl, NY 11367-3360NY1985-01$16,816,589
9Winston Preparatory School126 W 17th St, New York, NY 10011-5402NY1986-05$16,531,435
10Kennedy Child Study Center Inc151 E 67th St, New York, NY 10065-5964NY1946-03$15,794,671
11The Hagedorn Little Village School750 Hicksville Rd, Seaford, NY 11783-1328NY1972-03$14,593,018
12Keren-Or Inc350 7th Ave Rm 701, New York, NY 10001-1942NY1958-07$9,169,561
13Fred S Keller School, One Odell PlazaOne Odell Plaza, Yonkers, NY 10701-1402NY1988-06$9,080,739
14Jackson Developmental Center Inc3136 88th St, East Elmhurst, NY 11369-1415NY1997-10$8,868,352
15Stepping Stones Learning Center2111 Hudson Ave, Irondequoit, NY 14617-4346NY1996-03$5,672,131
16Specialized Early Childhood Center Of Western New York Inc25 Chateau Ter, Amherst, NY 14226-3927NY1987-11$2,586,503
17Small Wonder Pre-School Inc9045 Myrtle Ave, Glendale, NY 11385-7823NY1992-09$2,313,306
18Special Sprouts Inc453 6th Ave, Brooklyn, NY 11215-4019NY1993-11$1,581,724
19Upper Saranac Lake Foundation IncPO BOX 1355, Saranac Lake, NY 12983-7355NY1990-05$1,512,187
20Seymour Joseph Institute Of American Sign Language Inc, Sji43 Ramona Ave, Staten Island, NY 10312-2931NY1996-09$278,487
Number of organizations performing similar types of work
Alaska1
Alabama7
Arkansas19
Arizona12
California53
Colorado5
Connecticut5
District of Columbia1
Florida21
Georgia12
Hawaii3
Illinois14
Indiana5
Kansas2
Kentucky7
Louisiana2
Massachusetts20
Maryland14
Maine5
Michigan12
Minnesota3
Missouri9
Mississippi1
Montana1
North Carolina9
North Dakota1
Nebraska3
New Hampshire4
New Jersey23
New Mexico3
New York41
Ohio7
Oklahoma4
Oregon11
Pennsylvania18
Rhode Island1
South Carolina4
Tennessee9
Texas22
Utah2
Virginia4
Vermont2
Washington10
Wisconsin2
West Virginia1
Wyoming3
International1
Total419

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