Stevens Cooperative School FY2021 filing

Tax-deductible

Hoboken, NJ501(c)(3)Since 1949EIN 22-2209099Revenue $14.1M in FY2021

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.
72¢ of each $1 spent went to programs.
$1.2M 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

FY2021 · 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
5 of 6
filings with a surplus
Average surplus $457K a year · 3% of revenue · last 6 filings
Fine: a surplus in 5 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
72%
of spending
Fine: 72% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$1.2M
to officers and key staff · 9% of spending
Looks good: pay to officers and key staff is 9% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
9 mo
of spending, in cash
Looks good: 9.0 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
$7.9M
42% of total assets
Looks good: liabilities are 42% of assets; 50% or less.
Pt X · Ln 26
Independent board members
15
of 15 voting members
Looks good: 15 of 15 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$14.1M
+7% vs prior year
Spent
$13.4M
To programs
72%
Net assets
$11.1M
By yearFY2020–FY2025
Revenue
$14.1M
FY2021▲ +7%
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
FY2025$18.5M
Expenses
$13.4M
FY2021▲ +7%
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
FY2025$18.4M
Net assets
$11.1M
FY2021▲ +17%
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
FY2025$13.2M

From the FY2021 Form 990 (year ending June 2021) · figures checked against the IRS filing · see the original

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You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Feb 1978.

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

Where the money goes

72 cents of each dollar spent went to programs.

Program services 72% · $9.6M Management & general 26% · $3.4M Fundraising 3% · $347K

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

22 people listed on the 990; $1.2M paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
Head of School
$337,444Pt VII · Sec A
$166,302Pt VII · Sec A
Principal, Newport Location
$163,232Pt VII · Sec A
Director, Advancement
$157,134Pt VII · Sec A
Principal, Hoboken Location
$125,118Pt VII · Sec A
Dir, Admissions & Enrollment
$121,678Pt VII · Sec A
Human Resources Director
$102,258Pt VII · Sec A
$0Pt VII · Sec A

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

NameFY2025FY2024FY2023FY2022FY2021FY2020
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.

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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.

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Provided by the organization

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1 program · $9.6M · in their own filed words · FY2020
01

Stevens cooperative school provides an education to over 416 students from 2 years old through the 8TH grade.

$9.6Mprogram 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 FY2021 990, line by line.

1The main four
Money inPt VIII
$14.1M
Ln 12
Fees for servicesLn 2g$11.9M
Gifts and grantsLn 1h$1.9M
Investment incomeLn 3$192K
Money outPt IX
$13.4M
Ln 25
Programscol B$9.6M
Managementcol C$3.4M
Fundraisingcol D$347K
Owns and owesPt X
$11.1M
net assets · Ln 32
Cash and savingsLn 1–2$10.1M
Total assetsLn 16$19.0M
LiabilitiesLn 26$7.9M
PeoplePt VI, VII
22
listed · VII A
PaidVII A7
Voting boardVI 1a15
IndependentVI 1b15
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.9M
Government grantsLn 1e$1.5M
Noncash giftsLn 1g$18K
Fundraising eventsLn 1c$18K
Fees for servicesLn 2g$11.9M
Investment incomeLn 3$192K
Other incomeLn 4–11$75K
Gains on assetsLn 7$17K
Total revenueLn 12$14.1M
Assets in detailPt X, end of year
CashLn 1$0
SavingsLn 2$10.1M
Cash and savings togetherLn 1–2$10.1M
InvestmentsLn 11–13$6.8M
Land, buildings, equipmentLn 10c$1.8M
Other assetsLn 15$55K
Total assetsLn 16$19.0M
LiabilitiesLn 26$7.9M
Net assetsLn 32$11.1M
OperationsPt I, VI
EmployeesI 5227
VolunteersI 6325
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 FY21End FY21
Cash and savingsLn 1–2$8.5M$10.1M
InvestmentsLn 11–13$5.8M$6.8M
Land, buildings, equipmentLn 10c$2.0M$1.8M
Total assetsLn 16$16.5M$19.0M
LiabilitiesLn 26$7.1M$7.9M
Net assetsLn 32$9.4M$11.1M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$888K$888K
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$740K$458K$261K$21K
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$6.6M$4.1M$2.3M$190K
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$1.3M$938K$402K$9K
Payroll taxesLn 10$580K$438K$133K$8K
Management feesLn 11a$0
Legal feesLn 11b$0
Accounting feesLn 11c$0
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$664K$499K$55K$110K
Advertising and promotionLn 12$185K$157K$19K$9K
Office expensesLn 13$81K$73K$8K
Information technologyLn 14$121K$109K$12K
RoyaltiesLn 15$0
OccupancyLn 16$1.3M$1.1M$128K
TravelLn 17$0
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$241K$217K$24K
InsuranceLn 23$92K$82K$9K
Other expenses (24a–d)Ln 24$502K$460K$43K
All other expensesLn 24e$53K$53K
Total functional expensesLn 25$13.4M$9.6M$3.4M$347K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $18.5M$18.4M$97K$13.2M 990 PDF
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 Viewing $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 FY2021 990 (6 parts)
Part I · Summary $14,070,823 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $650,489$1,937,255
I-9 Program service revenuePrior year $12,206,276$11,866,685
I-10 Investment incomePrior year $136,320$192,214
I-11 Other revenuePrior year $120,557$74,669
I-12 Total revenuePrior year $13,113,642$14,070,823
I-13 Grants and similar amounts paidPrior year $840,409$887,537
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $8,876,514$9,303,223
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $2,825,161$3,216,478
I-18 Total expensesPrior year $12,542,084$13,407,238
I-19 Revenue less expensesPrior year $571,558$663,585
Part VI · Governance 15 of 15 board members independent, no flags
VI-1a Voting members of the governing body15
VI-1b Independent voting members15
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 $14,070,823 across 13 lines filed
Lines not itemized here account for $1,385 of total revenue; see the IRS return.
VIII-1c Fundraising events$17,630
VIII-1e Government grants$1,544,474
VIII-1f All other contributions, gifts and grants$375,151
VIII-1g Noncash contributions (included above)$17,848
VIII-1h Total contributions, gifts and grants$1,937,255
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $11,866,685$11,866,685
VIII-3 Investment incomeExcluded from tax $175,127$175,127
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assetsExcluded from tax $17,087$17,087
VIII-8 Net income from fundraising eventsExcluded from tax $52,722$52,722
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $20,562$20,562
VIII-12 Total revenueRelated to mission $11,866,685 · Excluded from tax $266,883$14,070,823
Part IX · Statement of functional expenses $13,407,238 across 31 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individualsPrograms $887,537$887,537
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staffPrograms $457,986 · Management $260,908 · Fundraising $21,197$740,091
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesPrograms $4,106,015 · Management $2,339,136 · Fundraising $190,048$6,635,199
IX-8 Pension plan contributions$0
IX-9 Other employee benefitsPrograms $937,756 · Management $401,659 · Fundraising $8,976$1,348,391
IX-10 Payroll taxesPrograms $438,469 · Management $133,447 · Fundraising $7,626$579,542
IX-11a Management fees$0
IX-11b Legal fees$0
IX-11c Accounting fees$0
IX-11d Lobbying fees$0
IX-11e Professional fundraising fees$0
IX-11f Investment management fees$0
IX-11g Other fees for servicesPrograms $499,049 · Management $55,110 · Fundraising $109,740$663,899
IX-12 Advertising and promotionPrograms $157,312 · Management $18,507 · Fundraising $9,255$185,074
IX-13 Office expensesPrograms $73,009 · Management $8,112$81,121
IX-14 Information technologyPrograms $109,065 · Management $12,118$121,183
IX-15 Royalties$0
IX-16 OccupancyPrograms $1,148,866 · Management $127,652$1,276,518
IX-17 Travel$0
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortizationPrograms $217,098 · Management $24,122$241,220
IX-23 InsurancePrograms $82,397 · Management $9,155$91,552
IX-24 Other expenses (24a–d)Programs $459,859 · Management $42,611$502,470
IX-24e All other expensesPrograms $53,441$53,441
IX-25 Total functional expensesPrograms $9,627,859 · Management $3,432,537 · Fundraising $346,842$13,407,238
Part X · Balance sheet $18,973,350 assets, 24 lines filed
X-1 Cash, non-interest-bearingStart of year $60,398$0
X-2 Savings and temporary cash investmentsStart of year $8,479,509$10,065,622
X-3 Pledges and grants receivableStart of year $0$0
X-4 Accounts receivableStart of year $75,348$161,262
X-8 Inventories for sale or useStart of year $0$0
X-9 Prepaid expenses and deferred chargesStart of year $60,406$85,612
X-10c Land, buildings and equipment, netStart of year $1,998,358$1,826,175
X-11 Publicly traded securitiesStart of year $5,800,172$6,779,701
X-12 Other securitiesStart of year $0$0
X-13 Program-related investmentsStart of year $0$0
X-14 Intangible assetsStart of year $0$0
X-15 Other assetsStart of year $54,978$54,978
X-16 Total assetsStart of year $16,529,169$18,973,350
X-17 Accounts payable and accrued expensesStart of year $1,246,628$1,209,790
X-18 Grants payableStart of year $0$0
X-19 Deferred revenueStart of year $4,442,137$5,310,533
X-20 Tax-exempt bond liabilitiesStart of year $0$0
X-24 Unsecured notes and loans payableStart of year $0$0
X-25 Other liabilitiesStart of year $0$0
X-26 Total liabilitiesStart of year $7,088,665$7,895,923
X-27 Net assets without donor restrictionsStart of year $9,320,432$10,991,253
X-28 Net assets with donor restrictionsStart of year $120,072$86,174
X-32 Total net assets or fund balancesStart of year $9,440,504$11,077,427
X-33 Total liabilities and net assetsStart of year $16,529,169$18,973,350
Part XI · Reconciliation of net assets $11,077,427 net assets at year end
XI-1 Total revenue$14,070,823
XI-2 Total expenses$13,407,238
XI-3 Revenue less expenses$663,585
XI-4 Net assets at start of year$9,440,504
XI-5 Net unrealized gains (losses) on investments$973,338
XI-10 Net assets at end of year$11,077,427

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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