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Claremont Prep Association INC FY2022 filing

Tax-deductible

New York, NY501(c)(3)Education EIN 20-1770464Revenue $191K in FY2022

On file with the IRSlemanmanhattan.org41 Broad Street 2nd Floor, 10004-2513 · New York, NYTax-exempt since Oct 2006Publicly supported charity — 170(b)(1)(A)(vi)

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The Claremont Association (DBA leman community Association (lca)) is a non-profit parent organization that fosters a sense of strong community at our school and enriches the experiences of all leman students, parents and faculty. Through a wide range of programs, events and fundraising efforts, the lca generously contributes to the life of our school and the experiences of school families.

501(c)(3) charity; gifts are tax-deductible.
94¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

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FY2022 · 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
3 of 5
filings with a surplus
Average surplus $33K a year · 13% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
94%
of spending
Looks good: 94% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
50 mo
of spending, in cash
Looks good: 50.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $12K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$42K
6% of total assets
Looks good: liabilities are 6% of assets; 50% or less.
Pt X · Ln 26
Independent board members
5
of 5 voting members
Looks good: 5 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$191K
+3% vs prior year
Spent
$163K
To programs
94%
Net assets
$670K
By yearFY2020–FY2024
Revenue
$191K
FY2022▲ +3%
Tap a bar for its year
Revenue by fiscal year
FY2020$143K
FY2021$185K
FY2022$191K
FY2023$166K
FY2024$558K
Expenses
$163K
FY2022▲ +38%
Tap a bar for its year
Expenses by fiscal year
FY2020$175K
FY2021$118K
FY2022$163K
FY2023$272K
FY2024$352K
Net assets
$670K
FY2022▲ +4%
Tap a bar for its year
Net assets by fiscal year
FY2020$575K
FY2021$642K
FY2022$670K
FY2023$564K
FY2024$770K

From the FY2022 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2022 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 Oct 2006.

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

Where the money goes

94 cents of each dollar spent went to programs.

Program services 94% · $153K Management & general 6% · $9K Fundraising 0% · $185

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

6 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Sid Assomull
Director
$0Pt VII · Sec A
Anna Li
Director
$0Pt VII · Sec A
Kelly Lewis
Director
$0Pt VII · Sec A
See Claremont Prep Association INC 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 15aNo

Programs and updates

Fosters community and enriches school experiences through programs, events, and fundraising.

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Provided by the organization

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2 programs · $153K · in their own filed words · FY2022
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.

$144Kprogram 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…

$9Kprogram 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
The Goldman Sachs Charitable Gift FundFY2024$12K
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

By the numbers

The FY2022 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$191K
Ln 12
Gifts and grantsLn 1h$189K
Fees for servicesLn 2g$1K
Other incomeLn 4–11$898
Money outPt IX
$163K
Ln 25
Programscol B$153K
Managementcol C$9K
Fundraisingcol D$185
Owns and owesPt X
$670K
net assets · Ln 32
Cash and savingsLn 1–2$683K
Total assetsLn 16$713K
LiabilitiesLn 26$42K
PeoplePt VI, VII
6
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$189K
Fundraising eventsLn 1c$30K
Fees for servicesLn 2g$1K
Investment incomeLn 3$158
Other incomeLn 4–11$898
Total revenueLn 12$191K
Assets in detailPt X, end of year
CashLn 1$154K
SavingsLn 2$529K
Cash and savings togetherLn 1–2$683K
Total assetsLn 16$713K
LiabilitiesLn 26$42K
Net assetsLn 32$670K
OperationsPt I, VI
EmployeesI 50
VolunteersI 630
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$674K$683K
Total assetsLn 16$678K$713K
LiabilitiesLn 26$37K$42K
Net assetsLn 32$642K$670K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$9K$9K
Accounting feesLn 11c$743$743
Office expensesLn 13$149$149
InsuranceLn 23$2K$2K
Other expenses (24a–d)Ln 24$150K$144K$6K
All other expensesLn 24e$864$679$185
Total functional expensesLn 25$163K$153K$9K$185

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $558K$352K$206K$770K 990 PDF
FY2023 $166K$272K−$106K$564K 990 PDF
FY2022 Viewing $191K$163K$28K$670K 990 PDF
FY2021 $185K$118K$67K$642K 990 PDF
FY2020 $143K$175K−$32K$575K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2022 990 (6 parts)
Part I · Summary $191,012 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $182,886$188,956
I-9 Program service revenuePrior year $0$1,000
I-10 Investment incomePrior year $430$158
I-11 Other revenuePrior year $1,345$898
I-12 Total revenuePrior year $184,661$191,012
I-13 Grants and similar amounts paidPrior year $9,926$9,189
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $108,084$153,424
I-18 Total expensesPrior year $118,010$162,613
I-19 Revenue less expensesPrior year $66,651$28,399
Part VI · Governance 5 of 5 board members independent, 3 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members5
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $191,012 across 8 lines filed
VIII-1c Fundraising events$29,933
VIII-1f All other contributions, gifts and grants$159,023
VIII-1h Total contributions, gifts and grants$188,956
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,000$1,000
VIII-3 Investment incomeExcluded from tax $158$158
VIII-8 Net income from fundraising eventsExcluded from tax −$1,883−$1,883
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $2,781$2,781
VIII-12 Total revenueRelated to mission $1,000 · Unrelated business $0 · Excluded from tax $1,056$191,012
Part IX · Statement of functional expenses $162,613 across 6 lines filed
IX-2 Grants to domestic individualsPrograms $9,189$9,189
IX-11c Accounting feesManagement $743$743
IX-13 Office expensesManagement $149$149
IX-23 InsuranceManagement $1,575$1,575
IX-24 Other expenses (24a–d)Programs $144,253 · Management $5,840$150,093
IX-24e All other expensesManagement $679 · Fundraising $185$864
IX-25 Total functional expensesPrograms $153,442 · Management $8,986 · Fundraising $185$162,613
Part X · Balance sheet $712,622 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $148,743$154,478
X-2 Savings and temporary cash investmentsStart of year $525,415$528,894
X-9 Prepaid expenses and deferred chargesStart of year $4,250$29,250
X-16 Total assetsStart of year $678,408$712,622
X-17 Accounts payable and accrued expensesStart of year $36,568$42,383
X-26 Total liabilitiesStart of year $36,568$42,383
X-27 Net assets without donor restrictionsStart of year $641,840$670,239
X-32 Total net assets or fund balancesStart of year $641,840$670,239
X-33 Total liabilities and net assetsStart of year $678,408$712,622
Part XI · Reconciliation of net assets $670,239 net assets at year end
XI-1 Total revenue$191,012
XI-2 Total expenses$162,613
XI-3 Revenue less expenses$28,399
XI-4 Net assets at start of year$641,840
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$670,239

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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