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

Dwight School Foundation FY2021 filing

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Provides scholarships, faculty development, and enrichment opportunities. For fiscal year 2021 it reported $2.2M in revenue, $2.3M in expenses, and $9.9M in net assets.Pt I

Type
Public charity (501(c)(3)) · Nonprofit
Location
New York, NY
Filings
6 on file (2020–2021)
Revenue
$2.2MFY2021
Expenses
$2.3M
Net assets
$9.9M
People
18
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 FY2021 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 (outgoing) · $209K
Money in and out
$2.2M revenue, $2.3M expenses
Bottom line
61% program efficiency
Where the money goes · FY2021
Total revenue
$2.2M
Pt VIII · Ln 12
Total expenses
$2.3M
Pt IX · Ln 25
Net assets
$9.9M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$77K
Where spending went · Part IX cols B–D
Program services $0.61 Management & general $0.28 Fundraising $0.10
Program efficiency
61%
of spending reaches programs
Operating runway
22.8mo
months of highly liquid reserves at operating expense rate
Surplus margin
-3%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2021 · Form 990
Revenue
$2.2M
FY2021▼ -25%
Expenses
$2.3M
FY2021▼ -12%
Total assets
$10.0M
FY2021+0.1%
Total liabilities
$16K
FY2021▼ -85%
Total revenue
$2.2M
Pt VIII · Ln 12
Total expenses
$2.3M
Pt IX · Ln 25
Net assets
$9.9M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$77K
Total assetsPt X · Ln 16$10.0M
Program-expense ratioPt IX · col B61%
Voting members of governing bodyPt I · Ln 316
Independent voting membersPt I · Ln 416
Mission & Programs · Part III

Where the work happens

3 program services account for $1.4M of program spending, described in the organization's own filed words · FY2020.
01

Financial aid to dwight school

$1.3Mprogram expense
02

Faculty training, experts, program development

$30Kprogram 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.

$7Kprogram 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 1a16
Independent voting membersPt VI · Ln 1b16
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 (FY2020); the FY2021 filing did not itemize Part VII
Director of Foundation (outgoing)
$209,422Pt VII · Sec A
$0Pt VII · Sec A
$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$2.0M · 90%
Investment income$218K · 10%
Contributions & grants90%$2.0M
Investment income10%$218K
Other revenue$516
— government grantsLn 1e$92K
Total revenueLn 12$2.2M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.61 Management & general $0.28 Fundraising $0.10
Program services61%$1.4M
Management & general28%$645K
Fundraising10%$237K
Total functional expensesLn 25$2.3M

Balance Sheet

Part X · end of year
CashLn 1$3.2M
Total assetsLn 16$10.0M
Total liabilitiesLn 26$16K
Total net assetsLn 32$9.9M
Months of cash on handcomputed17.1

Financial Metrics

Form 990 · FY2021 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $4.2M · Operating expenses (Pt IX) $2.3M · Less non-cash grants $70K · Cash operating expenses/yr $2.2M
22.8 months
Where the money goes
Program services
Program services $1.4M · Total expenses $2.3M
61%
Management & General
Management & general $645K · Total expenses $2.3M
28%
Fundraising
Fundraising $237K · Total expenses $2.3M
10%
Cost to raise $1
Fundraising expense (2-yr avg) $335K · Solicited contributions (2-yr avg) $2.3M
$0.15 to raise $1 (2-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $2.0M · Total revenue $2.2M
90%
Government reliance
Government grants $92K · Total revenue $2.2M
4%
Earned-income share
Program service revenue $0 · Total revenue $2.2M
0%
Investment reliance
Investment income $218K · Total revenue $2.2M
+10%
Program self-sufficiency
Program service revenue $0 · Total expenses $2.3M
0%
Growth & trend
Revenue growth (YoY)
This year $2.2M · Prior year $2.9M
-25%
Net-asset trend (YoY)
End of year $9.9M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $2.2M · Expenses $2.3M
-3%
Liabilities-to-Assets
Total liabilities — · Total assets $10.0M
Net-asset ratio
Net assets $9.9M · Total assets $10.0M
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $940K · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $10.0M
9%
People & payroll
Highest Reported Total Compensation
Individual Jacqueline Leitzes · Reported title DIRECTOR OF FOUNDATION (OUTGOING) · Highest reported compensation $209K · Total expenses $2.3M
9%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $465K · Total expenses $2.3M
21%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 61%
Overhead ratio 28%
Fundraising cost ratio 12%
Revenue growth -25%
Investment management fee ratio 0.06%
Legal fee ratio 0.3%

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 · viewing · ⤓ 990 PDF
FY2020$2.9M revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2021IRS
Classification, formation year, addressIRS Business Master File
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