Professional Childrens School INC

Tax-deductible

New York, NY501(c)(3)Since 1914Arts & CultureEIN 13-1635277Revenue $8.2M in FY2025

On file with the IRSpcs-nyc.org132 W 60th St, 10023-7402 · New York, NYTax-exempt since Oct 1934School — 170(b)(1)(A)(ii)

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To provide a challenging and engaging college preparatory program for busy artists, athletes and other young people who are serious about their studies.

501(c)(3) charity; gifts are tax-deductible.
76¢ of each $1 spent went to programs.
Run by 20 volunteers and 49 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · 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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 6
filings with a surplus
Average deficit $760K a year · 9% of revenue · last 6 filings
Concern: a surplus in 1 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
76%
of spending
Looks good: 76% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$1.5M
to officers and key staff · 18% of spending
Top officer’s pay higher than 99% of similar orgs
Fine: pay to officers and key staff is 18% of spending; 15% to 20%.
Pt VII · Sec A
Cash reserves
2 mo
of spending, in cash
Fine: 1.6 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
8
named funders · $600K
Looks good: 8 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$6.1M
35% of total assets
Looks good: liabilities are 35% of assets; 50% or less.
Pt X · Ln 26
Independent board members
18
of 19 voting members
Looks good: 18 of 19 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$8.2M
+12% vs prior year
Spent
$8.3M
To programs
76%
Net assets
$11.1M
By yearFY2020–FY2025
Revenue
$8.2M
FY2025▲ +12%
Tap a bar for its year
Revenue by fiscal year
FY2020$9.9M
FY2021$10.7M
FY2022$7.9M
FY2023$7.2M
FY2024$7.3M
FY2025$8.2M
Expenses
$8.3M
FY2025▼ -9%
Tap a bar for its year
Expenses by fiscal year
FY2020$10.1M
FY2021$10.1M
FY2022$8.9M
FY2023$9.3M
FY2024$9.1M
FY2025$8.3M
Net assets
$11.1M
FY2025▼ -2%
Tap a bar for its year
Net assets by fiscal year
FY2020$15.6M
FY2021$16.3M
FY2022$14.5M
FY2023$13.0M
FY2024$11.4M
FY2025$11.1M

From the FY2025 Form 990 (year ending June 2025) · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Oct 1934.

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

Where the money goes

76 cents of each dollar spent went to programs.

Program services 76% · $6.3M Management & general 18% · $1.5M Fundraising 6% · $533K

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

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Who runs it and what they're paid

27 people listed on the 990; $1.5M paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Head of School
$447,807Pt VII · Sec A
Director of Finance
$228,486Pt VII · Sec A
Head of Upper School
$191,770Pt VII · Sec A
Director of Technology
$175,055Pt VII · Sec A
Director of College Counseling
$171,653Pt VII · Sec A
Director of Admissions
$138,472Pt VII · Sec A
Head of Middle School
$137,273Pt VII · Sec A
$0Pt VII · Sec A

James Dawson’s $448K as Head of School is at the 99th percentile of top reported officer pay among 3924 $1–10M arts & culture nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

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

NameFY2025FY2024FY2023FY2022FY2021FY2020
James Dawson$447,807$445,048$438,426$430,809$443,724$436,796
Paul Q Kane$228,486$213,458$202,599$199,000——
Paul Shaurette—$210,492$204,401$200,400——
Alex Shaurette————$200,550$191,880
Paul Kane————$199,878$84,587
Sarah Rutledge$191,770$178,708————
Shari Honig———$179,040$160,522$155,512
Reem Abu-Amara$175,055$172,106$167,048———

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.

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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

Programs and updates

Offers college prep for busy young artists and athletes serious about studies.

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Provided by the organization

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1 program · $6.3M · in their own filed words · FY2024
01

Professional children's school is an independent coeducational day school for students in grades 4 through 12 who are preparing for or are already pursuing careers in the performing arts, entertainment or competitive sports, or who are drawn to a creative enviornment supportive of the arts.

$6.3Mprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · received and paid
Grants received · FY2024
See all 8 funders →
Grants paid · 5 grants · $5.6M · 2020–2024
Unitemized GrantFY2024$1,454,696
Unitemized GrantFY2023$1,448,695
Unitemized GrantFY2021$1,233,650
Unitemized GrantFY2020$1,369,637
Unitemized GrantFY2020$94,016

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$8.2M
Ln 12
Fees for servicesLn 2g$5.9M
Gifts and grantsLn 1h$1.4M
Investment incomeLn 3$803K
Money outPt IX
$8.3M
Ln 25
Programscol B$6.3M
Managementcol C$1.5M
Fundraisingcol D$533K
Owns and owesPt X
$11.1M
net assets · Ln 32
Cash and savingsLn 1–2$1.1M
Total assetsLn 16$17.2M
LiabilitiesLn 26$6.1M
PeoplePt VI, VII
27
listed · VII A
PaidVII A7
Voting boardVI 1a19
IndependentVI 1b18
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.4M
Government grantsLn 1e$219K
Noncash giftsLn 1g$8K
Fundraising eventsLn 1c$150K
Fees for servicesLn 2g$5.9M
Investment incomeLn 3$803K
Other incomeLn 4–11$3K
Gains on assetsLn 7$490K
Total revenueLn 12$8.2M
Assets in detailPt X, end of year
CashLn 1$730K
SavingsLn 2$355K
Cash and savings togetherLn 1–2$1.1M
InvestmentsLn 11–13$7.4M
Land, buildings, equipmentLn 10c$8.4M
Other assetsLn 15$2K
Total assetsLn 16$17.2M
LiabilitiesLn 26$6.1M
Net assetsLn 32$11.1M
OperationsPt I, VI
EmployeesI 549
VolunteersI 620
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 FY25End FY25
Cash and savingsLn 1–2$544K$1.1M
InvestmentsLn 11–13$7.8M$7.4M
Land, buildings, equipmentLn 10c$8.8M$8.4M
Total assetsLn 16$17.6M$17.2M
LiabilitiesLn 26$6.2M$6.1M
Net assetsLn 32$11.4M$11.1M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$1.5M$1.5M
Pay of current officers, directors and key staffLn 5$785K$104K$473K$208K
Other salaries and wagesLn 7$3.1M$2.7M$243K$134K
Pension plan contributionsLn 8$75K$53K$20K$1K
Other employee benefitsLn 9$454K$351K$70K$33K
Payroll taxesLn 10$290K$219K$50K$21K
Legal feesLn 11b$23K$23K
Accounting feesLn 11c$48K$48K
Investment management feesLn 11f$29K$29K
Other fees for servicesLn 11g$46K$34K$4K$8K
Advertising and promotionLn 12$30K$15K$15K
Office expensesLn 13$84K$37K$21K$26K
Information technologyLn 14$132K$103K$14K$14K
OccupancyLn 16$368K$235K$111K$22K
TravelLn 17$3K$3K
InterestLn 20$144K$83K$52K$10K
Depreciation, depletion and amortizationLn 22$525K$331K$163K$32K
InsuranceLn 23$69K$43K$21K$4K
Other expenses (24a–d)Ln 24$623K$533K$91K
All other expensesLn 24e$61K$4K$38K$20K
Total functional expensesLn 25$8.3M$6.3M$1.5M$533K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $8.2M$8.3M−$114K$11.1M 990 PDF
FY2024 $7.3M$9.1M−$1.8M$11.4M 990 PDF
FY2023 $7.2M$9.3M−$2.2M$13.0M 990 PDF
FY2022 $7.9M$8.9M−$1.0M$14.5M 990 PDF
FY2021 $10.7M$10.1M$658K$16.3M 990 PDF
FY2020 $9.9M$10.1M−$158K$15.6M 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 FY2025 990 (6 parts)
Part I · Summary $8,193,926 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,299,471$1,446,816
I-9 Program service revenuePrior year $5,897,304$5,941,352
I-10 Investment incomePrior year $129,706$803,107
I-11 Other revenuePrior year $8,530$2,651
I-12 Total revenuePrior year $7,335,011$8,193,926
I-13 Grants and similar amounts paidPrior year $1,448,695$1,454,696
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $5,527,435$4,669,083
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $2,120,188$2,184,384
I-18 Total expensesPrior year $9,096,318$8,308,163
I-19 Revenue less expensesPrior year −$1,761,307−$114,237
Part VI · Governance 18 of 19 board members independent, no flags
VI-1a Voting members of the governing body19
VI-1b Independent voting members18
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $8,193,926 across 12 lines filed
VIII-1c Fundraising events$150,160
VIII-1e Government grants$218,936
VIII-1f All other contributions, gifts and grants$1,077,720
VIII-1g Noncash contributions (included above)$8,221
VIII-1h Total contributions, gifts and grants$1,446,816
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $5,941,352$5,941,352
VIII-3 Investment incomeExcluded from tax $312,692$312,692
VIII-6 Net rental income or lossExcluded from tax $34,358$34,358
VIII-7 Net gain or loss on sales of assetsExcluded from tax $490,415$490,415
VIII-8 Net income from fundraising eventsExcluded from tax −$32,059−$32,059
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $352$352
VIII-12 Total revenueRelated to mission $5,941,352 · Unrelated business $0 · Excluded from tax $805,758$8,193,926
Part IX · Statement of functional expenses $8,308,163 across 20 lines filed
IX-2 Grants to domestic individualsPrograms $1,454,696$1,454,696
IX-5 Pay of current officers, directors and key staffPrograms $103,851 · Management $473,488 · Fundraising $207,703$785,042
IX-7 Other salaries and wagesPrograms $2,688,764 · Management $242,689 · Fundraising $133,762$3,065,215
IX-8 Pension plan contributionsPrograms $53,066 · Management $20,395 · Fundraising $1,217$74,678
IX-9 Other employee benefitsPrograms $350,569 · Management $69,932 · Fundraising $33,347$453,848
IX-10 Payroll taxesPrograms $218,608 · Management $50,450 · Fundraising $21,242$290,300
IX-11b Legal feesManagement $22,717$22,717
IX-11c Accounting feesManagement $47,735$47,735
IX-11f Investment management feesManagement $28,920$28,920
IX-11g Other fees for servicesPrograms $33,576 · Management $4,013 · Fundraising $8,001$45,590
IX-12 Advertising and promotionPrograms $14,819 · Management $14,818$29,637
IX-13 Office expensesPrograms $37,416 · Management $20,544 · Fundraising $26,404$84,364
IX-14 Information technologyPrograms $103,308 · Management $14,311 · Fundraising $14,311$131,930
IX-16 OccupancyPrograms $234,819 · Management $111,440 · Fundraising $21,569$367,828
IX-17 TravelManagement $2,547$2,547
IX-20 InterestPrograms $82,819 · Management $51,532 · Fundraising $9,974$144,325
IX-22 Depreciation, depletion and amortizationPrograms $330,833 · Management $162,791 · Fundraising $31,508$525,132
IX-23 InsurancePrograms $43,315 · Management $21,314 · Fundraising $4,125$68,754
IX-24 Other expenses (24a–d)Programs $532,701 · Management $90,734$623,435
IX-24e All other expensesPrograms $4,204 · Management $37,616 · Fundraising $19,650$61,470
IX-25 Total functional expensesPrograms $6,287,364 · Management $1,487,986 · Fundraising $532,813$8,308,163
Part X · Balance sheet $17,200,844 assets, 19 lines filed
X-1 Cash, non-interest-bearingStart of year $487,292$730,046
X-2 Savings and temporary cash investmentsStart of year $56,376$354,956
X-3 Pledges and grants receivableStart of year $305,700$216,000
X-4 Accounts receivableStart of year $25,823$6,245
X-8 Inventories for sale or useStart of year $39,148$33,709
X-9 Prepaid expenses and deferred chargesStart of year $47,763$58,402
X-10c Land, buildings and equipment, netStart of year $8,794,966$8,396,828
X-11 Publicly traded securitiesStart of year $7,849,482$7,402,690
X-15 Other assetsStart of year $1,968$1,968
X-16 Total assetsStart of year $17,608,518$17,200,844
X-17 Accounts payable and accrued expensesStart of year $538,358$431,094
X-19 Deferred revenueStart of year $784,491$1,068,794
X-20 Tax-exempt bond liabilitiesStart of year $4,630,703$4,313,343
X-25 Other liabilitiesStart of year $245,852$245,545
X-26 Total liabilitiesStart of year $6,199,404$6,058,776
X-27 Net assets without donor restrictionsStart of year $7,100,211$7,002,426
X-28 Net assets with donor restrictionsStart of year $4,308,903$4,139,642
X-32 Total net assets or fund balancesStart of year $11,409,114$11,142,068
X-33 Total liabilities and net assetsStart of year $17,608,518$17,200,844
Part XI · Reconciliation of net assets $11,142,068 net assets at year end
XI-1 Total revenue$8,193,926
XI-2 Total expenses$8,308,163
XI-3 Revenue less expenses−$114,237
XI-4 Net assets at start of year$11,409,114
XI-5 Net unrealized gains (losses) on investments−$127,380
XI-8 Prior period adjustments$74,571
XI-9 Other changes in net assets−$100,000
XI-10 Net assets at end of year$11,142,068

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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