Dwight School Foundation EIN 23-7028884 Form 990 (PDF) Claim this org

Dwight School Foundation FY2020 filing

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Provides scholarships, faculty development, and enrichment opportunities. For fiscal year 2020 it reported $2.9M in revenue, $2.6M in expenses, and $9.8M in net assets.Pt I

Type
Public charity (501(c)(3)) · Nonprofit
Location
New York, NY
Filings
6 on file (2020–2020)
Revenue
$2.9MFY2020
Expenses
$2.6M
Net assets
$9.8M
People
13
Filings
6
Updates
0
More identity details & actions ⌄
EIN  23-7028884 Public charity (501(c)(3)) New York, NY
Form 990 (PDF)
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2025) →
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Figures match the IRS filing checked 9/2/26 · see original: IRS
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Size
$1–10M
What they do
Provides scholarships, faculty development, and enrichment opportunities.
Leadership
Jacqueline Leitzes · Director of Foundation · $153K
Money in and out
$2.9M revenue, $2.6M expenses
Bottom line
73% program efficiency
Where the money goes · FY2020
Total revenue
$2.9M
Pt VIII · Ln 12
Total expenses
$2.6M
Pt IX · Ln 25
Net assets
$9.8M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $368K
Where spending went · Part IX cols B–D
Program services $0.73 Management & general $0.10 Fundraising $0.17
Program efficiency
73%
of spending reaches programs
Operating runway
31.2mo
months of highly liquid reserves at operating expense rate
Surplus margin
+13%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2020 · Form 990
Revenue
$2.9M
FY2020
Expenses
$2.6M
FY2020
Total assets
$9.9M
FY2020
Total liabilities
$104K
FY2020
Total revenue
$2.9M
Pt VIII · Ln 12
Total expenses
$2.6M
Pt IX · Ln 25
Net assets
$9.8M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$368K
Total assetsPt X · Ln 16$9.9M
Program-expense ratioPt IX · col B73%
Voting members of governing bodyPt I · Ln 311
Independent voting membersPt I · Ln 411
Mission & Programs · Part III

Where the work happens

3 program services account for $1.9M of program spending, described in the organization's own filed words · FY2019.
01

Financial aid to dwight school

$1.7Mprogram expense
02

Faculty training, experts, program development

$141Kprogram expense
03

Spark tank innovation grants and opportunities for students to give presentations to spark tank judges for feedback, mentorship, and funding through innovation grants.

$24Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CDwight School Foundation
EINHdr · item D23-7028884
Principal addressHdr · item CNew York, NY
WebsiteHdr · item Jnone reported
Year of formationHdr · item Lpending
State of legal domicileHdr · item MNY
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFNonprofit
Ruling yearIRS BMFJul 1969

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a11
Independent voting membersPt VI · Ln 1b11
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
Director of Foundation
$152,746Pt VII · Sec A
$0Pt VII · Sec A
Trustee (outgoing)
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Compensation history total reportable pay by year · 3 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Jacqueline Leitzes$209,422$152,746
Moira Price$208,043$192,354
Moira Chouaf$170,449$122,978

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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Statement of Revenue

Part VIII
Contributions & grants$2.7M · 92%
Investment income$229K · 8%
Contributions & grants92%$2.7M
Investment income8%$229K
Total revenueLn 12$2.9M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.73 Management & general $0.10 Fundraising $0.17
Program services73%$1.9M
Management & general10%$256K
Fundraising17%$434K
Total functional expensesLn 25$2.6M

Balance Sheet

Part X · end of year
CashLn 1$2.8M
Total assetsLn 16$9.9M
Total liabilitiesLn 26$104K
Total net assetsLn 32$9.8M
Months of cash on handcomputed13.1

Financial Metrics

Form 990 · FY2020 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $3.5M · Operating expenses (Pt IX) $2.6M · Less non-cash grants $1.2M · Cash operating expenses/yr $1.4M
31.2 months
Where the money goes
Program services
Program services $1.9M · Total expenses $2.6M
73%
Management & General
Management & general $256K · Total expenses $2.6M
10%
Fundraising
Fundraising $434K · Total expenses $2.6M
17%
Cost to raise $1
Fundraising expense $434K · Solicited contributions $2.7M
$0.16 to raise $1
Where the money comes from
Contribution dependence
Contributions & grants $2.7M · Total revenue $2.9M
92%
Government reliance
Government grants — · Total revenue $2.9M
Earned-income share
Program service revenue $0 · Total revenue $2.9M
0%
Investment reliance
Investment income $229K · Total revenue $2.9M
+8%
Program self-sufficiency
Program service revenue $0 · Total expenses $2.6M
0%
Growth & trend
Revenue growth (YoY)
This year $2.9M · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $9.8M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $2.9M · Expenses $2.6M
+13%
Liabilities-to-Assets
Total liabilities — · Total assets $9.9M
Net-asset ratio
Net assets $9.8M · Total assets $9.9M
99%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $728K · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $9.9M
7%
People & payroll
Highest Reported Total Compensation
Individual Jacqueline Leitzes · Reported title DIRECTOR OF FOUNDATION · Highest reported compensation $153K · Total expenses $2.6M
6%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $507K · Total expenses $2.6M
20%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 73%
Overhead ratio 10%
Fundraising cost ratio 16%
Investment management fee ratio 0.06%

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
See all 17 funders →
Grants paid · 15 grants · $9.2M · 2019–2024
Dwight SchoolFY2024$1,420,000
Dwight SchoolFY2024$33,333
Dwight SchoolFY2024$12,385
Dwight SchoolFY2023$1,400,000
Dwight SchoolFY2023$186,066
Dwight SchoolFY2023$14,287
Dwight SchoolFY2022$1,400,000
Dwight SchoolFY2022$139,960
Dwight SchoolFY2022$6,500
Dwight SchoolFY2021$1,400,000
Dwight SchoolFY2021$113,694
Dwight SchoolFY2020$1,325,000
Dwight SchoolFY2020$36,251
Dwight SchoolFY2019$1,550,000
Dwight SchoolFY2019$165,246

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$2.5M revenue · ⤓ 990 PDF
FY2024$1.8M revenue · ⤓ 990 PDF
FY2023$2.7M revenue · ⤓ 990 PDF
FY2022$3.0M revenue · ⤓ 990 PDF
FY2021$2.2M revenue · ⤓ 990 PDF
FY2020$2.9M revenue · viewing · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2020IRS
Classification, formation year, addressIRS Business Master File
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