Blue School FY2021 filing

New York, NYUnknown exempt organizationEIN 27-0753913Revenue $16.7M in FY2021

On file with the IRSblueschool.org241 Water Street · New York, NY

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Blue school's mission is to develop and share an inquiry-based approach to education that fosters creativity, promotes academic excellence, nurtures human relationships and inspires a lifelong passion for learning.

61¢ of each $1 spent went to programs.
$1.5M paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Programs: Part IX · Pay: Part VII

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
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
0 of 4
filings with a surplus
Average deficit $6.6M a year · 48% of revenue · last 4 filings
Concern: a surplus in 0 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
61%
of spending
Worth a look: 61% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$1.5M
to officers and key staff · 5% of spending
Looks good: pay to officers and key staff is 5% of spending; 15% or less.
Pt VII · Sec A
<1 mo
of spending, in cash
Worth a look: 0.5 months of spending in cash; under 1.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
3
named funders · $2.6M
Looks good: 3 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$93.8M
201% of total assets
Concern: liabilities are 201% of assets; over 80%.
Pt X · Ln 26
Independent board members
14
of 14 voting members
Looks good: 14 of 14 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$16.7M
-7% vs prior year
Spent
$29.3M
To programs
61%
Net assets
−$47.1M
By yearFY2020–FY2024
Revenue
$16.7M
FY2021▼ -7%
Tap a bar for its year
Revenue by fiscal year
FY2020$18.1M
FY2021$16.7M
FY2022$14.8M
FY2023$5.3M
FY2024$81K
Expenses
$29.3M
FY2021▲ +12%
Tap a bar for its year
Expenses by fiscal year
FY2020$26.0M
FY2021$29.3M
FY2022$15.4M
FY2023$10.4M
FY2024Not on file
Net assets
−$47.1M
FY2021▼ -36%
Tap a bar for its year
Net assets by fiscal year
FY2020−$34.6M
FY2021−$47.1M
FY2022−$47.6M
FY2023−$49.3M
FY2024$0

From the FY2021 Form 990 (year ending August 2021) · see the original

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You’re viewing the FY2021 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 Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

61 cents of each dollar spent went to programs.

Program services 61% · $17.8M Management & general 36% · $10.6M Fundraising 3% · $788K

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

25 people listed on the 990; $1.5M 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 Until 08/31/2020
$238,199Pt VII · Sec A
$228,565Pt VII · Sec A
Director - Middle School Division
$186,765Pt VII · Sec A
Director - Advancement
$168,212Pt VII · Sec A
Director - Primary to 6/30/20
$160,927Pt VII · Sec A
Director - Admissions
$147,179Pt VII · Sec A
Head of School
$139,473Pt VII · Sec A
Director - Operations
$137,175Pt VII · Sec A

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

NameFY2023FY2022FY2021FY2020
Noah Reinhardt$400,696$200,300——
Virginia Farrar——$238,199$287,945
Michael Jackson$229,011$228,218$228,565$185,797
Tu Harris$196,202$188,825——
Lauren Kardos—$116,313$186,765$172,530
Patricia a Lynch——$160,927$186,524
Rebecca Skinner—$185,442$139,473—
Laura Camien—$113,067$168,212$145,865

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 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes
  • Loans to or from officersSch L · Pt II1 listed

Programs and updates

Develops and shares an inquiry-based educational approach fostering creativity and lifelong learning.

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Provided by the organization

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1 program · $17.8M · in their own filed words · FY2020
01

Blue school offers a dynamically balanced education to over 200 students focusing on academic mastery, self & social intelligence, and creative thinking. In order for deep academic work to take place, a child must be known and seen and must be given room to bring their full self, their myriad questions and their bold ideas into the…

$17.8Mprogram 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 · FY2023
Total grants receivedfrom 3 funders$2.6M
See all 3 funders →
Grants paid · 6 grants · $13.5M · 2019–2022
Unitemized GrantFY2022$74,046
Unitemized GrantFY2022$34,901
Unitemized GrantFY2021$4,505,349
Unitemized GrantFY2021$50,175
Unitemized GrantFY2020$4,456,114
Unitemized GrantFY2019$4,418,823

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$16.7M
Ln 12
Fees for servicesLn 2g$11.6M
Gifts and grantsLn 1h$3.6M
Other incomeLn 4–11$1.5M
Money outPt IX
$29.3M
Ln 25
Programscol B$17.8M
Managementcol C$10.6M
Fundraisingcol D$788K
Owns and owesPt X
−$47.1M
net assets · Ln 32
Cash and savingsLn 1–2$1.3M
Total assetsLn 16$46.7M
LiabilitiesLn 26$93.8M
PeoplePt VI, VII
25
listed · VII A
PaidVII A9
Voting boardVI 1a14
IndependentVI 1b14
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$3.6M
Government grantsLn 1e$2.0M
Noncash giftsLn 1g$16K
Fees for servicesLn 2g$11.6M
Investment incomeLn 3$2K
Other incomeLn 4–11$1.5M
Gains on assetsLn 7$2K
Total revenueLn 12$16.7M
Assets in detailPt X, end of year
CashLn 1$1.3M
Cash and savings togetherLn 1–2$1.3M
Land, buildings, equipmentLn 10c$18.5M
Other assetsLn 15$24.3M
Total assetsLn 16$46.7M
LiabilitiesLn 26$93.8M
Net assetsLn 32−$47.1M
OperationsPt I, VI
EmployeesI 5147
VolunteersI 6100
Fiscal year endsHeaderAugust
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$4.7M$1.3M
Land, buildings, equipmentLn 10c$67.6M$18.5M
Total assetsLn 16$97.0M$46.7M
LiabilitiesLn 26$131.7M$93.8M
Net assetsLn 32−$34.6M−$47.1M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$4.5M$4.5M
Pay of current officers, directors and key staffLn 5$584K$241K$308K$34K
Pay of disqualified personsLn 6$37K$26K$7K$4K
Other salaries and wagesLn 7$6.5M$5.1M$1.0M$288K
Other employee benefitsLn 9$944K$729K$172K$43K
Payroll taxesLn 10$534K$408K$101K$25K
Management feesLn 11a$3K$90$3K
Legal feesLn 11b$428K$428K
Accounting feesLn 11c$18K$18K
Other fees for servicesLn 11g$915K$428K$466K$21K
Advertising and promotionLn 12$354K$354K
Office expensesLn 13$465K$196K$251K$19K
Information technologyLn 14$120K$76K$39K$6K
OccupancyLn 16$2.2M$1.7M$413K$102K
TravelLn 17$20K$13K$5K$973
Conferences, conventions and meetingsLn 19$30K$23K$4K$3K
InterestLn 20$3.6M$2.7M$684K$166K
Depreciation, depletion and amortizationLn 22$813K$621K$155K$37K
InsuranceLn 23$232K$177K$44K$11K
Other expenses (24a–d)Ln 24$7.0M$499K$6.5M$22K
All other expensesLn 24e$12K$8K$4K
Total functional expensesLn 25$29.3M$17.8M$10.6M$788K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $81K$0 990 PDF
FY2023 $5.3M$10.4M−$5.1M−$49.3M 990 PDF
FY2022 $14.8M$15.4M−$593K−$47.6M 990 PDF
FY2021 Viewing $16.7M$29.3M−$12.5M−$47.1M 990 PDF
FY2020 $18.1M$26.0M−$8.0M−$34.6M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants J · Pay O · Explanations
See the full FY2021 990 (6 parts)
Part I · Summary $16,720,101 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $4,036,611$3,612,726
I-9 Program service revenuePrior year $13,349,515$11,578,632
I-10 Investment incomePrior year $9,926$1,917
I-11 Other revenuePrior year $663,882$1,526,826
I-12 Total revenuePrior year $18,059,934$16,720,101
I-13 Grants and similar amounts paidPrior year $4,418,823$4,456,114
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $9,647,722$8,558,128
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $11,971,136$16,238,737
I-18 Total expensesPrior year $26,037,681$29,252,979
I-19 Revenue less expensesPrior year −$7,977,747−$12,532,878
Part VI · Governance 14 of 14 board members independent, 1 to look at
VI-1a Voting members of the governing body14
VI-1b Independent voting members14
VI-2 Family or business relationship among officers or directorsYes
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 $16,720,101 across 10 lines filed
Lines not itemized here account for $3,570 of total revenue; see the IRS return.
VIII-1e Government grants$2,018,200
VIII-1f All other contributions, gifts and grants$1,594,526
VIII-1g Noncash contributions (included above)$15,568
VIII-1h Total contributions, gifts and grants$3,612,726
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $11,578,632$11,578,632
VIII-3 Investment incomeExcluded from tax $50$50
VIII-6 Net rental income or lossExcluded from tax $480,262$480,262
VIII-7 Net gain or loss on sales of assetsExcluded from tax $1,867$1,867
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $1,042,994$1,042,994
VIII-12 Total revenueRelated to mission $11,578,632 · Unrelated business $0 · Excluded from tax $1,528,743$16,720,101
Part IX · Statement of functional expenses $29,252,979 across 21 lines filed
IX-2 Grants to domestic individualsPrograms $4,456,114$4,456,114
IX-5 Pay of current officers, directors and key staffPrograms $241,320 · Management $308,082 · Fundraising $34,474$583,876
IX-6 Pay of disqualified personsPrograms $25,956 · Management $7,416 · Fundraising $3,708$37,080
IX-7 Other salaries and wagesPrograms $5,132,678 · Management $1,038,481 · Fundraising $288,167$6,459,326
IX-9 Other employee benefitsPrograms $729,338 · Management $171,511 · Fundraising $43,438$944,287
IX-10 Payroll taxesPrograms $407,541 · Management $101,431 · Fundraising $24,587$533,559
IX-11a Management feesManagement $90 · Fundraising $2,768$2,858
IX-11b Legal feesManagement $428,435$428,435
IX-11c Accounting feesManagement $17,829$17,829
IX-11g Other fees for servicesPrograms $428,350 · Management $465,535 · Fundraising $20,661$914,546
IX-12 Advertising and promotionPrograms $353,944$353,944
IX-13 Office expensesPrograms $195,663 · Management $250,664 · Fundraising $18,838$465,165
IX-14 Information technologyPrograms $75,548 · Management $39,158 · Fundraising $5,554$120,260
IX-16 OccupancyPrograms $1,695,662 · Management $412,784 · Fundraising $102,301$2,210,747
IX-17 TravelPrograms $13,470 · Management $5,193 · Fundraising $973$19,636
IX-19 Conferences, conventions and meetingsPrograms $23,263 · Management $3,529 · Fundraising $2,823$29,615
IX-20 InterestPrograms $2,746,439 · Management $683,547 · Fundraising $165,696$3,595,682
IX-22 Depreciation, depletion and amortizationPrograms $621,250 · Management $154,620 · Fundraising $37,481$813,351
IX-23 InsurancePrograms $177,233 · Management $44,111 · Fundraising $10,693$232,037
IX-24 Other expenses (24a–d)Programs $498,607 · Management $6,502,059 · Fundraising $22,391$7,023,057
IX-24e All other expensesPrograms $7,750 · Fundraising $3,825$11,575
IX-25 Total functional expensesPrograms $17,830,126 · Management $10,634,475 · Fundraising $788,378$29,252,979
Part X · Balance sheet $46,744,261 assets, 16 lines filed
X-1 Cash, non-interest-bearingStart of year $4,733,000$1,273,544
X-3 Pledges and grants receivableStart of year $37,028$0
X-4 Accounts receivableStart of year $2,779,018$2,609,910
X-9 Prepaid expenses and deferred chargesStart of year $20,436$63,358
X-10c Land, buildings and equipment, netStart of year $67,560,460$18,476,215
X-15 Other assetsStart of year $21,908,083$24,321,234
X-16 Total assetsStart of year $97,038,025$46,744,261
X-17 Accounts payable and accrued expensesStart of year $1,947,872$2,258,055
X-19 Deferred revenueStart of year $7,237,237$6,630,135
X-20 Tax-exempt bond liabilitiesStart of year $51,395,126$0
X-25 Other liabilitiesStart of year $59,351,317$57,615,670
X-26 Total liabilitiesStart of year $131,654,352$93,824,376
X-27 Net assets without donor restrictionsStart of year −$34,763,851−$47,486,915
X-28 Net assets with donor restrictionsStart of year $147,524$406,800
X-32 Total net assets or fund balancesStart of year −$34,616,327−$47,080,115
X-33 Total liabilities and net assetsStart of year $97,038,025$46,744,261
Part XI · Reconciliation of net assets −$47,080,115 net assets at year end
XI-1 Total revenue$16,720,101
XI-2 Total expenses$29,252,979
XI-3 Revenue less expenses−$12,532,878
XI-4 Net assets at start of year−$34,616,327
XI-9 Other changes in net assets$69,090
XI-10 Net assets at end of year−$47,080,115

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

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