Stevens Cooperative School

Tax-deductible

Hoboken, NJ501(c)(3)Since 1949EIN 22-2209099Revenue $18.5M in FY2024

On file with the IRSstevenscoop.org301 Garden Street, 07030-3873 · Hoboken, NJTax-exempt since Feb 1978School — 170(b)(1)(A)(ii)

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Stevens Cooperative School fosters curiosity, compassion and confidence in students who think deeply, act ethically and lead by example.

501(c)(3) charity; gifts are tax-deductible.
77¢ of each $1 spent went to programs.
Run by 325 volunteers and 227 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · 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
4 of 5
filings with a surplus
Average surplus $529K a year · 4% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
77%
of spending
Looks good: 77% 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 · 8% of spending
Looks good: pay to officers and key staff is 8% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
8 mo
of spending, in cash
Looks good: 7.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
7
named funders · $113K
Looks good: 7 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$20.5M
61% of total assets
Fine: liabilities are 61% of assets; 50% to 65%.
Pt X · Ln 26
Independent board members
19
of 19 voting members
Looks good: 19 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
$18.5M
+9% vs prior year
Spent
$18.4M
To programs
77%
Net assets
$13.2M
By yearFY2020–FY2024
Revenue
$18.5M
FY2024▲ +9%
Tap a bar for its year
Revenue by fiscal year
FY2020$13.1M
FY2021$14.1M
FY2022$15.1M
FY2023$15.3M
FY2024$17.0M
FY2024$18.5M
Expenses
$18.4M
FY2024▲ +9%
Tap a bar for its year
Expenses by fiscal year
FY2020$12.5M
FY2021$13.4M
FY2022$13.6M
FY2023$15.5M
FY2024$16.9M
FY2024$18.4M
Net assets
$13.2M
FY2024▲ +6%
Tap a bar for its year
Net assets by fiscal year
FY2020$9.4M
FY2021$11.1M
FY2022$11.8M
FY2023$12.2M
FY2024$12.5M
FY2024$13.2M

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Feb 1978.

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

Where the money goes

77 cents of each dollar spent went to programs.

Program services 77% · $14.2M Management & general 21% · $3.9M Fundraising 2% · $307K

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
Head of School
$364,524Pt VII · Sec A
Principal, Newport Locatio
$220,254Pt VII · Sec A
Principal - Hoboken Campus
$164,909Pt VII · Sec A
Director of Finance & Oper
$163,149Pt VII · Sec A
Development Director
$153,350Pt VII · Sec A
Controller
$138,187Pt VII · Sec A
Dir, Admissions/Enrollment
$136,800Pt VII · Sec A
$133,068Pt VII · Sec A

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

NameFY2024FY2024FY2023FY2022FY2021FY2020
Sergio Alati$364,524$342,713$309,416$303,998$337,444$255,933
Shehla Tase Grouse$220,254—————
Shehla Ghouse—$207,406$173,224$179,499$163,232$180,628
Erica L Jacobson$163,149$159,972$172,420———
Nicholas Cacciola————$166,302$155,539
Samuel Keany$164,909$142,879————
Francesca Lanning————$157,134$150,489
Farad Lowther$153,350$140,228$128,327———

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 Stevens Cooperative 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

Programs and updates

Educates children from age three through eighth grade in a progressive co-educational environment.

Provided by the organization

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1 program · $14.2M · in their own filed words · FY2024
01

Stevens cooperative school is an independent co-ed day school with campuses in hoboken and jersey city. It is the oldest cooperative school in new jersey and one of the largest in the united states.

$14.2Mprogram 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 7 funders →
Grants paid · 6 grants · $7.0M · 2019–2024
Unitemized GrantFY2024$1,688,595
Unitemized GrantFY2023$1,467,221
Unitemized GrantFY2022$1,210,179
Unitemized GrantFY2021$941,020
Unitemized GrantFY2020$887,537
Unitemized GrantFY2019$840,409

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$18.5M
Ln 12
Fees for servicesLn 2g$17.1M
Investment incomeLn 3$626K
Gifts and grantsLn 1h$548K
Money outPt IX
$18.4M
Ln 25
Programscol B$14.2M
Managementcol C$3.9M
Fundraisingcol D$307K
Owns and owesPt X
$13.2M
net assets · Ln 32
Cash and savingsLn 1–2$11.6M
Total assetsLn 16$33.6M
LiabilitiesLn 26$20.5M
PeoplePt VI, VII
27
listed · VII A
PaidVII A8
Voting boardVI 1a19
IndependentVI 1b19
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$548K
Government grantsLn 1e$165K
Noncash giftsLn 1g$40K
Fundraising eventsLn 1c$60K
Fees for servicesLn 2g$17.1M
Investment incomeLn 3$626K
Other incomeLn 4–11$185K
Total revenueLn 12$18.5M
Assets in detailPt X, end of year
SavingsLn 2$11.6M
Cash and savings togetherLn 1–2$11.6M
InvestmentsLn 11–13$9.1M
Land, buildings, equipmentLn 10c$1.9M
Other assetsLn 15$10.2M
Total assetsLn 16$33.6M
LiabilitiesLn 26$20.5M
Net assetsLn 32$13.2M
OperationsPt I, VI
EmployeesI 5227
VolunteersI 6325
Fiscal year endsHeaderDecember
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 FY24End FY24
Cash and savingsLn 1–2$9.7M$11.6M
InvestmentsLn 11–13$8.2M$9.1M
Land, buildings, equipmentLn 10c$2.1M$1.9M
Total assetsLn 16$31.9M$33.6M
LiabilitiesLn 26$19.4M$20.5M
Net assetsLn 32$12.5M$13.2M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$1.7M$1.7M
Pay of current officers, directors and key staffLn 5$922K$611K$289K$23K
Other salaries and wagesLn 7$8.7M$5.8M$2.7M$216K
Other employee benefitsLn 9$1.9M$1.7M$196K$37K
Payroll taxesLn 10$803K$659K$126K$19K
Legal feesLn 11b$27K$10K$17K
Accounting feesLn 11c$84K$31K$53K
Other fees for servicesLn 11g$195K$71K$122K$1K
Advertising and promotionLn 12$179K$152K$18K$9K
Office expensesLn 13$102K$61K$41K
Information technologyLn 14$187K$154K$33K
OccupancyLn 16$1.7M$1.6M$173K
Conferences, conventions and meetingsLn 19$26K$22K$4K
Depreciation, depletion and amortizationLn 22$198K$179K$20K
InsuranceLn 23$236K$202K$33K$1K
Other expenses (24a–d)Ln 24$1.4M$1.3M$35K$747
All other expensesLn 24e$16K$3K$13K
Total functional expensesLn 25$18.4M$14.2M$3.9M$307K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $17.0M$16.9M$94K$12.5M 990 PDF
FY2023 $15.3M$15.5M−$165K$12.2M 990 PDF
FY2022 $15.1M$13.6M$1.5M$11.8M 990 PDF
FY2021 $14.1M$13.4M$664K$11.1M 990 PDF
FY2020 $13.1M$12.5M$572K$9.4M 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 FY2024 990 (6 parts)
Part I · Summary $18,461,086 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $552,844$548,073
I-9 Program service revenuePrior year $15,779,465$17,102,237
I-10 Investment incomePrior year $527,245$625,948
I-11 Other revenuePrior year $104,616$184,828
I-12 Total revenuePrior year $16,964,170$18,461,086
I-13 Grants and similar amounts paidPrior year $1,467,221$1,688,595
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $11,423,662$12,323,453
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $3,979,403$4,351,581
I-18 Total expensesPrior year $16,870,286$18,363,629
I-19 Revenue less expensesPrior year $93,884$97,457
Part VI · Governance 19 of 19 board members independent, no flags
VI-1a Voting members of the governing body19
VI-1b Independent voting members19
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 $18,461,086 across 9 lines filed
Lines not itemized here account for $12,979 of total revenue; see the IRS return.
VIII-1c Fundraising events$59,503
VIII-1e Government grants$164,975
VIII-1f All other contributions, gifts and grants$323,595
VIII-1g Noncash contributions (included above)$40,028
VIII-1h Total contributions, gifts and grants$548,073
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $17,102,237$17,102,237
VIII-3 Investment incomeExcluded from tax $625,948$625,948
VIII-8 Net income from fundraising eventsExcluded from tax $171,849$171,849
VIII-12 Total revenueRelated to mission $17,102,237 · Unrelated business $0 · Excluded from tax $810,776$18,461,086
Part IX · Statement of functional expenses $18,363,629 across 17 lines filed
IX-2 Grants to domestic individualsPrograms $1,688,595$1,688,595
IX-5 Pay of current officers, directors and key staffPrograms $610,511 · Management $288,569 · Fundraising $22,931$922,011
IX-7 Other salaries and wagesPrograms $5,752,494 · Management $2,719,016 · Fundraising $216,069$8,687,579
IX-9 Other employee benefitsPrograms $1,677,796 · Management $195,956 · Fundraising $36,904$1,910,656
IX-10 Payroll taxesPrograms $658,810 · Management $125,548 · Fundraising $18,849$803,207
IX-11b Legal feesPrograms $9,839 · Management $16,753$26,592
IX-11c Accounting feesPrograms $30,963 · Management $52,721$83,684
IX-11g Other fees for servicesPrograms $71,244 · Management $122,451 · Fundraising $1,191$194,886
IX-12 Advertising and promotionPrograms $151,935 · Management $17,875 · Fundraising $8,937$178,747
IX-13 Office expensesPrograms $61,208 · Management $41,067$102,275
IX-14 Information technologyPrograms $154,477 · Management $32,897$187,374
IX-16 OccupancyPrograms $1,554,071 · Management $172,675$1,726,746
IX-19 Conferences, conventions and meetingsPrograms $22,330 · Management $3,588$25,918
IX-22 Depreciation, depletion and amortizationPrograms $178,625 · Management $19,845$198,470
IX-23 InsurancePrograms $201,549 · Management $33,300 · Fundraising $1,407$236,256
IX-24 Other expenses (24a–d)Programs $1,339,406 · Management $34,660 · Fundraising $747$1,374,813
IX-24e All other expensesPrograms $3,027 · Management $12,793$15,820
IX-25 Total functional expensesPrograms $14,166,880 · Management $3,889,714 · Fundraising $307,035$18,363,629
Part X · Balance sheet $33,645,915 assets, 15 lines filed
X-2 Savings and temporary cash investmentsStart of year $9,730,952$11,569,087
X-4 Accounts receivableStart of year $429,558$421,186
X-9 Prepaid expenses and deferred chargesStart of year $293,293$341,839
X-10c Land, buildings and equipment, netStart of year $2,100,658$1,935,528
X-11 Publicly traded securitiesStart of year $8,231,936$9,140,826
X-15 Other assetsStart of year $11,069,841$10,237,449
X-16 Total assetsStart of year $31,856,238$33,645,915
X-17 Accounts payable and accrued expensesStart of year $1,023,160$1,000,713
X-19 Deferred revenueStart of year $6,735,752$8,832,038
X-25 Other liabilitiesStart of year $11,645,426$10,634,993
X-26 Total liabilitiesStart of year $19,404,338$20,467,744
X-27 Net assets without donor restrictionsStart of year $12,119,810$12,767,321
X-28 Net assets with donor restrictionsStart of year $332,090$410,850
X-32 Total net assets or fund balancesStart of year $12,451,900$13,178,171
X-33 Total liabilities and net assetsStart of year $31,856,238$33,645,915
Part XI · Reconciliation of net assets $13,178,171 net assets at year end
XI-1 Total revenue$18,461,086
XI-2 Total expenses$18,363,629
XI-3 Revenue less expenses$97,457
XI-4 Net assets at start of year$12,451,900
XI-5 Net unrealized gains (losses) on investments$628,814
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$13,178,171

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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