Ideal School Of Manhattan in New York, New York (NY)

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Ideal School Of Manhattan
Employer Identification Number (EIN)760800603
Name of OrganizationIdeal School Of Manhattan
In Care of NameMichelle Smith
Address314 W 91st St, New York, NY 10024-1002
SubsectionEducational Organization
Ruling Date09/2006
DeductibilityContributions are deductible
FoundationSchool
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period06/2012
Assets$10,000,000 to $49,999,999
Income$5,000,000 to $9,999,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$13,871,599
Amount of Income$6,693,075
Form 990 Revenue Amount$6,635,602
National Taxonomy of Exempt Entities (NTEE)Educational Institutions and Related Activities: Elementary, Secondary Education, K - 12


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Amount of income in 2012: $6,693,075
This organization: 

 $6,693,075
Other organizations performing similar types of work: 

 $426,128

Assets in 2012: $13,871,599
Ideal School Of Manhattan: 

 $13,871,599
Other organizations performing similar types of work: 

 $153,487

Expenses in 2007: $2,500,420
This organization: 

 $2,500,420
Other organizations performing similar types of work: 

 $5,044,057

Income to expenses ratio in 2007: 1.0
This organization: 

 1.0
Other organizations performing similar types of work: 

 1.0

Expenses allocated to program services in 2007: 77.0%
Ideal School Of Manhattan: 

 77.0%
Other organizations performing similar types of work: 

 81.8%

Number of employees in 2007: 22
This organization: 

 22
Other organizations performing similar types of work: 

 82

Employees paid over $50,000 in 2007: 45.5%
Ideal School Of Manhattan: 

 45.5%
Other organizations performing similar types of work: 

 17.0%

Grants share in income in 2007: 50.7%
Ideal School Of Manhattan: 

 50.7%
Other organizations performing similar types of work: 

 18.9%

Financial snapshot ($)

Revenue for 2007

Assets at end of 2007

Expenses for 2007

Functional Expenses for 2007 ($)

Income-Producing Activities for 2007

Revenue, Expenses, and Changes in Net Assets or Fund Balances
200520062007
Total revenue$664,410$1,953,575$2,548,320
Contributions, gifts, grants, and similar amounts received$378,683$1,319,520$1,291,824
Contributions to donor advised funds$0$0
Direct public support$378,683$1,319,520$1,284,985
Indirect public support$0$0$0
Government contributions (grants)$0$0$6,839
Program service revenue including government fees and contracts$7,790$558,258$1,209,979
Membership dues and assessments$0$0$0
Interest on savings and temporary cash investments$1,392$88$183
Dividends and interest from securities$0$0$0
Net rental income or (loss)$0$0$0
Gross rents$0$0$0
Less: rental expenses$0$0$0
Other investment income$0$0$0
Gain or (loss) from sales of assets other than inventory$0$0$248
Gross amount from sales of assets other than inventory$0$0$9,097
Less: cost or other basis and sales expenses$0$0$8,849
Net income or (loss) from special events and activities$276,545$65,988$14,792
Gross revenue$337,985$127,194$76,942
Less: direct expenses other than fundraising expenses$61,440$61,206$62,150
Gross profit or (loss) from sales of inventory$0$0$0
Gross sales of inventory, less returns and allowances$0$0$0
Less: cost of goods sold$0$0$0
Other revenue$0$9,721$31,294
Total expenses$739,640$2,011,366$2,500,420
Program services$389,574$1,470,975$1,925,301
Management and general$337,172$466,641$527,915
Fundraising$12,894$73,750$47,204
Payments to affiliates$0$0$0
Net assets or fund balances at end of year$-75,230$-133,474$-85,574
Excess or (deficit) for the year$-75,230$-57,791$47,900
Net assets or fund balances at beginning of year$0$-75,230$-133,474
Other changes in net assets or fund balances$0$-453$0
Statement of Functional Expenses (for 2007)
TotalProgram servicesManagement and generalFundraising
Total functional expenses$2,500,420$1,925,301$527,915$47,204
Grants paid from donor advised funds$0
Other grants and allocations$620,925
Specific assistance to individuals$0
Benefits paid to or for members$0
Compensation of current officers, directors, key employees, etc.$126,443$0$126,443$0
Compensation of former officers, directors, key employees, etc.$0$0$0$0
Compensation and other distributions, not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)$0$0$0$0
Salaries and wages of employees not included above$882,477$659,893$222,584$0
Pension plan contributions not included above$17,154$13,618$3,536$0
Employee benefits not included above$73,548$53,878$19,670$0
Payroll taxes$85,592$56,648$28,944$0
Professional fundraising fees$0$0$0$0
Accounting fees$16,500$0$16,500$0
Legal fees$147$0$147$0
Supplies$15,583$15,583$0$0
Telephone$6,387$5,110$958$319
Postage and shipping$5,207$4,166$781$260
Occupancy$436,000$348,800$65,400$21,800
Equipment rental and maintenance$0$0$0$0
Printing and publications$4,249$0$0$4,249
Travel$0$0$0$0
Conferences, conventions, and meetings$0$0$0$0
Interest$0$0$0$0
Depreciation, depletion, etc.$64,287$51,430$9,643$3,214
Other expenses not covered above$145,921$95,250$33,309$17,362
Balance Sheets
200520062007
Total assets$125,539$215,967$620,420
Cash - non-interest-bearing$9,061$36,732$445,203
Savings and temporary cash investments$0$0$0
Accounts receivable less allowance for doubtful accounts$0$20,169$39,389
Pledges receivable less allowance for doubtful accounts$0$0$0
Grants receivable$0$0$0
Receivables from current and former officers, directors, trustees, and key employees$0$0$0
Receivables from other disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)$0$0
Other notes and loans receivable less allowance for doubtful accounts$0$0$0
Inventories for sale or use$0$0$0
Prepaid expenses and deferred charges$29,799$1,765$3,206
Investments - publicly-traded securities$1,350$275
Investments - other securities$0$0$0
Investments - land, buildings, and equipment less accumulated depreciation$86,679$0$0
Investments - other$0$0$0
Land, buildings, and equipment less accumulated depreciation$0$155,951$117,591
Other assets, including program-related investments$0$0$14,756
Total liabilities$200,769$349,441$705,994
Accounts payable and accrued expenses$44,250$126,186$221,927
Grants payable$0$0$0
Deferred revenue$156,519$223,255$484,067
Loans from officers, directors, trustees, and key employees$0$0$0
Tax-exempt bond liabilities$0$0$0
Mortgages and other notes payable$0$0$0
Other liabilities$0$0$0
Total liabilities and net assets/fund balances$125,539$215,967$620,420
Total net assets or fund balances$-75,230$-133,474$-85,574
Reconciliation of Revenue per Audited Financial Statements With Revenue per Return
200520062007
Total revenue$664,410$1,953,575$2,548,320
Total revenue, gains, and other support per audited financial statements$846,791$1,869,003$2,015,873
Other expenses$182,381$152,856$88,478
Net unrealized gains on investments$0$-454$0
Donated services and use of facilities$120,941$92,104$26,328
Recoveries of prior year grants$0$0$0
Other$61,440$61,206$62,150
Other revenue$0$237,428$620,925
Investment expenses$0$0$0
Other$0$237,428$620,925
Reconciliation of Expenses per Audited Financial Statements With Expenses per Return
200520062007
Total expenses$739,640$2,011,366$2,500,420
Total expenses and losses per audited financial statements$922,021$1,927,247$1,967,973
Other revenue$182,381$153,309$88,478
Donated services and use of facilities$120,941$92,104$26,328
Prior year adjustments$0$0$0
Losses$0$0$0
Other$61,440$61,205$62,150
Other expenses$0$237,428$620,925
Investment expenses$0$0$0
Other$0$237,428$620,925
Current Officers, Directors, Trustees, and Key Employees
Total number of officers, directors, and trustees permitted to vote on organization business at board meetings8
Are any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, related to each other through family or business relationships?Yes
Do any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, receive compensation from any other organizations, whether tax exempt or taxable, that are related to the organization?No
Does the organization have a written conflict of interest policy?No
Other Information
Did the organization have unrelated business gross income of $1,000 or more during the year covered by this return, and has it filed a tax return on Form 990-T for this year?No
Was there a liquidation, dissolution, termination, or substantial contraction during the year?No
Is the organization related (other than by association with a statewide or nationwide organization) through common membership, governing bodies, trustees, officers, etc., to any other exempt or nonexempt organization?No
Direct and indirect political expenditures$0
Did the organization file Form 1120-POL for this year?No
Were substantially all dues nondeductible by members?
Did the organization make only in-house lobbying expenditures of $2,000 or less?
Dues, assessments, and similar amounts from members$0
Section 162(e) lobbying and political expenditures$0
Aggregate nondeductible amount of section 6033(e)(1)(A) dues notices$0
Taxable amount of lobbying and political expenditures$0
Does the organization elect to pay the section 6033(e) tax on the amount above?
If section 6033(e)(1)(A) dues notices were sent, does the organization agree to add the amount above to its reasonable estimate of dues allocable to nondeductible lobbying and political expenditures for the following tax year?
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities$0
At any time during the year, did the organization, directly or indirectly, own a controlled entity within the meaning of section 512(b)(13)?No
Amount of tax imposed on the organization during the year under: section 4911$0
Amount of tax imposed on the organization during the year under: section 4912$0
Amount of tax imposed on the organization during the year under: section 4955$0
Did the organization engage in any section 4958 excess benefit transaction during the year or did it become aware of an excess benefit transaction from a prior year?No
Amount of tax imposed on the organization managers or disqualified persons during the year under sections 4912, 4955, and 4958$0
Amount of tax above, reimbursed by the organization$0
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?No
Did the organization acquire a direct or indirect interest in any applicable insurance contract?No
Did the supporting organization, or a fund maintained by a sponsoring organization, have excess business holdings at any time during the year?No
Number of employees employed in the pay period that includes March 12, 200622
Analysis of Income-Producing Activities (for 2007)
Unrelated business incomeExcluded by section 512, 513, or 514Related or exempt function income
Business codeAmountExclusion codeAmount
Total$0$33,178$1,223,318
Program service revenue
Program service revenue 1000000$000$0$1,152,550
Program service revenue 2000000$000$0$2,840
Program service revenue 3000000$000$0$54,589
Program service revenue 4000000$000$0$0
Program service revenue 5000000$000$0$0
Medicare/Medicaid payments000000$000$0$0
Fees and contracts from government agencies000000$000$0$0
Membership dues and assessments000000$000$0$0
Interest on savings and temporary cash investments000000$0Dividends, interest, payments with respect to securities loans, annuities, income from notional principal contracts, loan commitment fees, and other substantially similar income from ordinary and routine investments excluded by section 512(b)(1)$183$0
Dividends and interest from securities000000$000$0$0
Net rental income or (loss) from real estate
debt-financed property000000$000$0$0
not debt-financed property000000$000$0$0
Net rental income or (loss) from personal property000000$000$0$0
Other investment income000000$000$0$0
Gain or (loss) from sales of assets other than inventory000000$0Gain (or loss, to the extent allowed) from the sale of investments and other non-inventory property and from certain property acquired from financial institutions that are in conservatorship or receivership (sections 512(b)(5) and 512(b)(16)(A))$248$0
Net income or (loss) from special events000000$0Income from an activity that is not regularly carried on (section 512(a)(1))$14,792$0
Gross profit or (loss) from sales of inventory000000$000$0$0
Other revenue000000$0Real property rental income that does not depend on the income or profits derived by the person leasing the property and is excluded by section 512(b)(3)$17,955$13,339
Information Regarding Taxable Subsidiaries and Disregarded Entities (for 2007)
EIN of corporation, partnership, or disregarded entityPercentage of ownership interestTotal incomeEnd-of-year assets
0%$0$0
0%$0$0
0%$0$0
0%$0$0
Compensation of the Five Highest Paid Employees Other Than Officers, Directors, and Trustees (for 2007)
CompensationContributions to employee benefit plans & deferred compensationExpense account and other allowances
$73,650$7,742$0
$70,500$5,684$0
$63,800$3,279$0
$62,132$7,562$0
$54,000$7,182$0
Total number of other employees paid over $50,0005
Statements About Activities (for 2007)
Expenses paid or incurred in connection with the lobbying activities$0
Did the organization receive or hold an easement for conservation purposes, including easements to preserve open space, the environment, historic land areas or historic structures?No
Did the organization provide credit counseling, debt management, credit repair, or debt negotiation services?No
Did the organization maintain any donor advised funds?No
Did the organization make any taxable distributions under section 4966?No
Did the organization make a distribution to a donor, donor advisor, or related person?No
Enter the total number of donor advised funds owned at the end of the tax year$0
Enter the aggregate value of assets held in all donor advised funds owned at the end of the tax year$0
Enter the total number of separate funds or accounts owned at the end of the tax year (excluding donor advised funds included above) where donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts$0
Enter the aggregate value of assets held in all funds or accounts included above at the end of the tax year$0
Reason for Non-Private Foundation Status
The organization is not a private foundation because it isSchool
Support Schedule
200420052006
Total$0$0$0
Gifts, grants, and contributions received$0$0$0
Membership fees received$0$0$0
Gross receipts from admissions, merchandise sold or services performed, or furnishing of facilities in any activity that is related to the organization's charitable, etc., purpose$0$0$0
Gross income from interest, dividends, amounts received from payments on securities loans (section 512(a)(5)), rents, royalties, and unrelated business taxable income (less section 511 taxes) from businesses acquired by the organization after June 30, 1975$0$0$0
Net income from unrelated business activities not included above$0$0$0
Tax revenues levied for the organization's benefit and either paid to it or expended on its behalf$0$0$0
The value of services or facilities furnished to the organization by a governmental unit without charge. Do not include the value of services or facilities generally furnished to the public without charge$0$0$0
Other income$0$0$0
Lobbying Expenditures by Electing Public Charities (for 2007)
Total exempt purpose expenditures$0
Total lobbying expenditures$0
Total lobbying expenditures to influence public opinion (grassroots lobbying)$0
Total lobbying expenditures to influence a legislative body (direct lobbying)$0
Other exempt purpose expenditures$0
Lobbying nontaxable amount$0
Grassroots nontaxable amount$0
Statements Regarding Other IRS Filings and Tax Compliance (for 2011)
Did the organization have unrelated business gross income of $1,000 or more during the year?Yes
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities $0
Gross income from members or shareholders$0
Gross income from other sources$0
Statement of Revenue (for 2011)
Total revenue$17,881,373
Contributions, Gifts, Grants and Other Similar Amounts$13,850,233
Program Service Revenue$3,959,851
Other Revenue
Investment income (including dividends, interest, and other similar amounts)$2,065
Income from investment of tax-exempt bond proceeds$0
Royalties$0
Net rental income$57,802
Gross rents (Real / Personal)$57,802 / $0
Less: rental expenses (Real / Personal)$0 / $0
Rental income or (loss) (Real / Personal)$57,802 / $0
Net gain from sales of assets other than inventory$0
Net income from fundraising events$11,422
Gross income from fundraising events$90,563
Less: direct expenses$79,141
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous Revenue$0
Statement of Functional Expenses (for 2011)
Total functional expenses$5,210,180
Compensation of current officers, directors, trustees, and key employees$352,666
Other salaries and wages$1,807,253
Payroll taxes$176,164
Professional fundraising services$0
Other$2,874,097
Balance Sheet (for 2011)
Total assets$13,811,976
Total liabilities$900,583
Tax-exempt bond liabilities$0
Secured mortgages and notes payable to unrelated third parties$0
Unsecured notes and loans payable to unrelated third parties$0
Other$900,583
Total net assets or fund balances$12,911,393
Retained earnings, endowment, accumulated income, or other funds$0
Reason for Public Charity Status (for 2011)
The organization is not a private foundation because it is:A school described in section 170(b)(1)(A)(ii)
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Number of organizations performing similar types of work
Alaska4
Alabama54
Arkansas37
Arizona85
California310
Colorado84
Connecticut30
District of Columbia26
Delaware10
Florida238
Georgia156
Hawaii11
Iowa23
Idaho26
Illinois123
Indiana71
Kansas18
Kentucky48
Louisiana33
Massachusetts55
Maryland55
Maine22
Michigan37
Minnesota70
Missouri98
Mississippi37
Montana17
North Carolina102
North Dakota5
Nebraska17
New Hampshire13
New Jersey96
New Mexico33
Nevada17
New York126
Ohio81
Oklahoma37
Oregon63
Pennsylvania106
Rhode Island6
South Carolina51
South Dakota6
Tennessee62
Texas263
Utah20
Virginia99
Vermont12
Washington94
Wisconsin63
West Virginia13
Wyoming2
International33
Total3,198

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