Claremont Prep Association INC EIN 20-1770464 Form 990 (PDF) Claim this org

Claremont Prep Association INC

Not yet claimed Claim this org →

Fosters community and enriches school experiences through programs, events, and fundraising. For fiscal year 2024 it reported $558K in revenue, $352K in expenses, and $770K in net assets.Pt I

Type
Public charity (501(c)(3)) · Education
Location
New York, NY
Website
www.lemanmanhattan.org
Filings
5 on file (2020–2024)
Revenue
$558KFY2024
Expenses
$352K
Net assets
$770K
People
12
Filings
5
Updates
0
More identity details & actions ⌄
EIN  20-1770464 Public charity (501(c)(3)) New York, NY
Form 990 (PDF)
Compare with another nonprofit →
Is this your organization?
Claim this profile to manage it and share your story.
Claim
Provided by the organization

This section is blank until Claremont Prep Association INC claims this page.

Know this organization? Claim it to add your story

Size
$100K–1M
What they do
Fosters community and enriches school experiences through programs, events, and fundraising.
Leadership
Money in and out
$558K revenue, $352K expenses
Bottom line
51% program efficiency
Where the money goes · FY2024
Total revenue
$558K
Pt VIII · Ln 12
Total expenses
$352K
Pt IX · Ln 25
Net assets
$770K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $206K
Where spending went · Part IX cols B–D
Program services $0.51 Management & general $0.05 Fundraising $0.44
Program efficiency
51%
of spending reaches programs▼ -31% vs prior filing year
Operating runway
27.7mo
months of highly liquid reserves at operating expense rate▲ +7% vs prior filing year
Surplus margin
+37%
revenue over expenses, this year▲ +158% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$558K
FY2024▲ +236%
Expenses
$352K
FY2024▲ +29%
Total assets
$812K
FY2024▲ +33%
Total liabilities
$42K
FY2024▼ -9%
Total revenue
$558K
Pt VIII · Ln 12
Total expenses
$352K
Pt IX · Ln 25
Net assets
$770K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$206K
Total assetsPt X · Ln 16$812K
Program-expense ratioPt IX · col B51%
Voting members of governing bodyPt I · Ln 312
Independent voting membersPt I · Ln 412

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CClaremont Prep Association INC
EINHdr · item D20-1770464
Principal addressHdr · item CNew York, NY
WebsiteHdr · item Jwww.lemanmanhattan.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MNY
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEducation (B80)
Ruling yearIRS BMFOct 2006

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a12
Independent voting membersPt VI · Ln 1b12
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
See Claremont Prep Association INC executive salaries →

Are you one of these people? Claim this org to confirm your role

Mission & Programs · Part III

Where the work happens

2 program services account for $181K of program spending, described in the organization's own filed words · FY2024.
01

Annual dues subsidizes admissions fees and costs for events throughout the year in the lower & upper school welcome back events, trivia night, book fair, international festival, parents VS. Faculty basketball GAME.DIRECT contribution to classroom in the lower school or child's grade in the upper school.

$165Kprogram expense
02

Lca Foundation Student Enrichment

Students receiving financial aid by the school may submit for reimbursement to the extent of their percentage of aid for a leman plus class (one trimester per annum), leman conservatory lesson (50%, to the extent of aid for entire year) and all school class TRIPS.COMMUNITY service: to deliver opportunities for leman families to serve the…

$16Kprogram expense

Run this program? Claim this org to tell your story

Statement of Revenue

Part VIII
Contributions & grants$532K · 95%
Investment income$20K · 4%
Program service revenue$3K · 1%
Other revenue$3K · 1%
Contributions & grants95%$532K
Investment income4%$20K
Program service revenue1%$3K
Other revenue1%$3K
Total revenueLn 12$558K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.51 Management & general $0.05 Fundraising $0.44
Program services51%$181K
Management & general5%$17K
Fundraising44%$154K
Total functional expensesLn 25$352K

Balance Sheet

Part X · end of year
CashLn 1$812K
Total assetsLn 16$812K
Total liabilitiesLn 26$42K
Total net assetsLn 32$770K
Months of cash on handcomputed27.7

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $812K · Operating expenses/yr $352K
27.7 months
Where the money goes
Program services
Program services $181K · Total expenses $352K
51%
Management & General
Management & general $17K · Total expenses $352K
5%
Fundraising
Fundraising $154K · Total expenses $352K
44%
Cost to raise $1
Fundraising expense (3-yr avg) $66K · Solicited contributions (3-yr avg) $293K
$0.23 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $532K · Total revenue $558K
95%
Government reliance
Government grants — · Total revenue $558K
Earned-income share
Program service revenue $3K · Total revenue $558K
0.6%
Investment reliance
Investment income $20K · Total revenue $558K
+4%
Program self-sufficiency
Program service revenue $3K · Total expenses $352K
0.9%
Growth & trend
Revenue growth (YoY)
This year $558K · Prior year $166K
+236%
Revenue CAGR
FY2020 $143K · FY2024 $558K
+41%
Net-asset trend (YoY)
End of year $770K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $558K · Expenses $352K
+37%
Liabilities-to-Assets
Total liabilities — · Total assets $812K
Net-asset ratio
Net assets $770K · Total assets $812K
95%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $812K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Jennifer Rosini-Gentile · Reported title PRESIDENT · Highest reported compensation $0 · Total expenses $352K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $352K
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 51%
Overhead ratio 5%
Fundraising cost ratio 29%
Revenue growth 236%
Accounting fee ratio 1%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 1 funder$12K
Grants paid · 12 grants · $78K · 2020–2024
Unitemized GrantFY2024$8,000
Unitemized GrantFY2024$6,038
Unitemized GrantFY2024$1,834
Unitemized GrantFY2023$10,000
Unitemized GrantFY2023$3,140
Unitemized GrantFY2022$8,000
Unitemized GrantFY2022$1,189
Unitemized GrantFY2021$9,435
Unitemized GrantFY2021$491
Unitemized GrantFY2020$14,215
Unitemized GrantFY2020$8,500
Unitemized GrantFY2020$7,315

Similar Organizations

Closest in mission — by what they do
See all organizations like Claremont Prep Association INC →

Compare

Search another nonprofit to view revenue, expenses, assets, key metrics, and leaders side by side

Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$558K revenue · viewing · ⤓ 990 PDF
FY2023$166K revenue · ⤓ 990 PDF
FY2022$191K revenue · ⤓ 990 PDF
FY2021$185K revenue · ⤓ 990 PDF
FY2020$143K revenue · ⤓ 990 PDF

Want to add your own materials alongside these filings? Claim this org

Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

If you ARE the filing organization, claim this org and add context

Made it to the end? Claim this organization

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the peer-cohort and compensation comparisons above.