The Reece School FY2020 filing

Tax-deductible

New York, NY501(c)(3)Since 1948EIN 13-1626154

The reece school provides an academic lower and upper school special education program for children who require more support than can be provided in a traditional public school setting. Reece students are academically capable but may be psychologically fragile or face challenges that impact their ability to fully access their education in their current placement. Our mission is to empower each student to reach their full potential in a nurturing, structured, and supportive environment.

501(c)(3) charity; gifts are tax-deductible.
90¢ of each $1 spent went to programs.
$564K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 5
filings with a surplus
Average deficit $445K a year · 5% of revenue · last 5 filings
Concern: a surplus in 1 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
90%
of spending
Looks good: 90% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$564K
to officers and key staff · 7% of spending
Looks good: pay to officers and key staff is 7% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
<1 mo
of spending, in cash
Worth a look: 0.8 months of spending in cash; under 1.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $5K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$10.4M
107% of total assets
Concern: liabilities are 107% of assets; over 80%.
Pt X · Ln 26
Independent board members
9
of 9 voting members
Looks good: 9 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$8.6M
Spent
$8.7M
To programs
90%
Net assets
−$667K
By yearFY2020–FY2024
Revenue
$8.6M
FY2020
Revenue by fiscal year
FY2020$8.6M
FY2021$9.4M
FY2022$8.1M
FY2023$9.5M
FY2024$11.0M
FY2024$14.5M
Expenses
$8.7M
FY2020
Expenses by fiscal year
FY2020$8.7M
FY2021$8.8M
FY2022$8.7M
FY2023$10.1M
FY2024$12.5M
FY2024$14.6M
Net assets
−$667K
FY2020
Net assets by fiscal year
FY2020−$667K
FY2021−$334K
FY2022−$1.4M
FY2023$1.1M
FY2024−$447K
FY2024$609K

From the FY2020 Form 990 (year ending June 2020) · figures checked against the IRS filing · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Dec 1951.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

90 cents of each dollar spent went to programs.

Program services 90% · $7.8M Management & general 10% · $873K Fundraising 0% · $2K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Who runs it and what they're paid

13 people listed on the 990; $564K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
Executive Director
$196,618Pt VII · Sec A
Chief Financial Officer
$140,270Pt VII · Sec A
Dir. of Instruction & Curriculum
$117,987Pt VII · Sec A
Social Skills Coordinator
$109,304Pt VII · Sec A
$0Pt VII · Sec A
President & Interim VP
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2024FY2024FY2023FY2022FY2021FY2020
Duncan Lester$278,064$262,095$245,505$218,864$213,299$196,618
Paulo Souza$201,510$189,410$172,372$153,735$147,621$140,270
Ashley L Gartner$137,123$127,937$121,774$106,388$106,072—
Karen Sullivan$128,177$131,063$122,925$110,881$113,106$109,304
Erica Corvin$125,740$124,330$105,876—$100,078—
David Nisenbaum————$119,736$117,987
Jaclyn Lopresti$111,038—————
Thomas Boyle$108,746$104,403————

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See The Reece School executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes
  • Loans to or from officersSch L · Pt II1 listed

Programs and updates

Provides academic and therapeutic programs for 90 psychologically fragile children in New York City.

Provided by the organization

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2 program services account for $7.8M of program spending, described in the organization's own filed words · FY2019.
01

School age program for children with special needs, ages 5 - 13, funded by the new york state education department, including academics as well as therapeutic services, such as occupational therapy, speech therapy, and counseling.

$7.7Mprogram expense
02

Supplemental program that are not included in the base new york state education department tuition rates, but funded by idea grants from the federal government. This year, these programs included 8 saturday morning sessions for both parents and children enrolled in the school age program to develop their social, living, and math skills…

$131Kprogram expense

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Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 2 funders$5K

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$8.6M
Ln 12
Fees for servicesLn 2g$8.5M
Gifts and grantsLn 1h$131K
Money outPt IX
$8.7M
Ln 25
Programscol B$7.8M
Managementcol C$873K
Fundraisingcol D$2K
Owns and owesPt X
−$667K
net assets · Ln 32
Cash and savingsLn 1–2$544K
Total assetsLn 16$9.8M
LiabilitiesLn 26$10.4M
PeoplePt VI, VII
13
listed · VII A
PaidVII A4
Voting boardVI 1a9
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$131K
Government grantsLn 1e$131K
Fees for servicesLn 2g$8.5M
Total revenueLn 12$8.6M
Assets in detailPt X, end of year
CashLn 1$544K
Cash and savings togetherLn 1–2$544K
Land, buildings, equipmentLn 10c$8.0M
Other assetsLn 15$242K
Total assetsLn 16$9.8M
LiabilitiesLn 26$10.4M
Net assetsLn 32−$667K
OperationsPt I, VI
EmployeesI 5154
VolunteersI 66
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$544K
Land, buildings, equipmentLn 10c$8.1M$8.0M
Total assetsLn 16$9.0M$9.8M
LiabilitiesLn 26$9.7M$10.4M
Net assetsLn 32−$629K−$667K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$382K$341K$41K
Pay of disqualified personsLn 6$9K$9K
Other salaries and wagesLn 7$4.9M$4.4M$542K
Pension plan contributionsLn 8$70K$64K$6K
Other employee benefitsLn 9$704K$643K$61K
Payroll taxesLn 10$405K$370K$35K
Legal feesLn 11b$168K$168K
Accounting feesLn 11c$62K$62K
Professional fundraising feesLn 11e$2K$2K
Other fees for servicesLn 11g$273K$229K$44K
Advertising and promotionLn 12$4K$4K
Office expensesLn 13$264K$252K$12K
Information technologyLn 14$80K$80K
OccupancyLn 16$592K$592K
Conferences, conventions and meetingsLn 19$44K$44K$60
InterestLn 20$67K$45K$22K
Depreciation, depletion and amortizationLn 22$340K$340K
InsuranceLn 23$49K$49K
Other expenses (24a–d)Ln 24$243K$243K
Total functional expensesLn 25$8.7M$7.8M$873K$2K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $11.0M$12.5M−$1.5M−$447K 990 PDF
FY2023 $9.5M$10.1M−$634K$1.1M 990 PDF
FY2022 $8.1M$8.7M−$583K−$1.4M 990 PDF
FY2021 $9.4M$8.8M$571K−$334K 990 PDF
FY2020 Viewing $8.6M$8.7M−$38K−$667K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2020 990 (4 parts)
Part VIII · Statement of revenue $8,636,833 across 4 lines filed
VIII-1e Government grants$130,856
VIII-1h Total contributions, gifts and grants$130,856
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $8,505,977$8,505,977
VIII-12 Total revenueRelated to mission $8,505,977 · Unrelated business $0 · Excluded from tax $0$8,636,833
Part IX · Statement of functional expenses $8,674,373 across 19 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $341,060 · Management $41,163$382,223
IX-6 Pay of disqualified personsPrograms $9,338$9,338
IX-7 Other salaries and wagesPrograms $4,376,082 · Management $541,521$4,917,603
IX-8 Pension plan contributionsPrograms $63,848 · Management $6,056$69,904
IX-9 Other employee benefitsPrograms $642,958 · Management $60,987$703,945
IX-10 Payroll taxesPrograms $369,828 · Management $35,080$404,908
IX-11b Legal feesPrograms $168,133$168,133
IX-11c Accounting feesManagement $61,940$61,940
IX-11e Professional fundraising feesFundraising $1,540$1,540
IX-11g Other fees for servicesPrograms $229,143 · Management $43,675$272,818
IX-12 Advertising and promotionPrograms $4,021$4,021
IX-13 Office expensesPrograms $251,866 · Management $11,967$263,833
IX-14 Information technologyPrograms $79,831$79,831
IX-16 OccupancyPrograms $591,791$591,791
IX-19 Conferences, conventions and meetingsPrograms $44,222 · Management $60$44,282
IX-20 InterestPrograms $45,144 · Management $22,073$67,217
IX-22 Depreciation, depletion and amortizationPrograms $339,628$339,628
IX-23 InsuranceManagement $48,759$48,759
IX-24 Other expenses (24a–d)Programs $242,659$242,659
IX-25 Total functional expensesPrograms $7,799,552 · Management $873,281 · Fundraising $1,540$8,674,373
Part X · Balance sheet $9,771,001 assets, 13 lines filed
X-1 Cash, non-interest-bearing$543,796
X-4 Accounts receivableStart of year $874,560$1,015,074
X-9 Prepaid expenses and deferred chargesStart of year $27,928$12,345
X-10c Land, buildings and equipment, netStart of year $8,117,664$7,957,794
X-15 Other assetsStart of year $26,636$241,992
X-16 Total assetsStart of year $9,046,788$9,771,001
X-17 Accounts payable and accrued expensesStart of year $931,632$787,098
X-19 Deferred revenue$32,652
X-25 Other liabilitiesStart of year $466,973$1,127,975
X-26 Total liabilitiesStart of year $9,675,864$10,437,617
X-27 Net assets without donor restrictionsStart of year −$629,076−$666,616
X-32 Total net assets or fund balancesStart of year −$629,076−$666,616
X-33 Total liabilities and net assetsStart of year $9,046,788$9,771,001
Part XI · Reconciliation of net assets −$666,616 net assets at year end
XI-1 Total revenue$8,636,833
XI-2 Total expenses$8,674,373
XI-3 Revenue less expenses−$37,540
XI-4 Net assets at start of year−$629,076
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year−$666,616

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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