Keio Academy Of New York in Purchase, New York (NY)

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Keio Academy Of New York
Employer Identification Number (EIN)133520250
Name of OrganizationKeio Academy Of New York
Address3 College Rd, Purchase, NY 10577-2108
ActivitiesPrivate school
SubsectionEducational Organization
Ruling Date03/1994
DeductibilityContributions are deductible
FoundationSchool
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period06/2012
Assets$50,000,000 to greater
Income$10,000,000 to $49,999,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$53,232,321
Amount of Income$13,977,664
Form 990 Revenue Amount$13,960,598
National Taxonomy of Exempt Entities (NTEE)Educational Institutions and Related Activities: Secondary, High School


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Amount of income in 2012: $13,977,664
Keio Academy Of New York: 

 $13,977,664
Other organizations performing similar types of work: 

 $16,130,584

Assets in 2012: $53,232,321
This organization: 

 $53,232,321
Other organizations performing similar types of work: 

 $36,958,733

Expenses in 2007: $11,805,136
Keio Academy Of New York: 

 $11,805,136
Other organizations performing similar types of work: 

 $13,463,687

Income to expenses ratio in 2007: 1.1
This organization: 

 1.1
Other organizations performing similar types of work: 

 1.1

Expenses allocated to program services in 2007: 80.1%
This organization: 

 80.1%
Other organizations performing similar types of work: 

 78.8%

Number of employees in 2007: 74
Keio Academy Of New York: 

 74
Other organizations performing similar types of work: 

 124

Employees paid over $50,000 in 2007: 47.3%
Keio Academy Of New York: 

 47.3%
Other organizations performing similar types of work: 

 28.6%

Grants share in income in 2007: 10.1%
This organization: 

 10.1%
Other organizations performing similar types of work: 

 20.5%

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
20002001200220062007
Total revenue$10,273,334$15,253,050$9,917,825$11,825,742$12,887,320
Contributions, gifts, grants, and similar amounts received$240,652$5,901,782$22,679$175,235$1,304,672
Contributions to donor advised funds$0$0
Direct public support$230,652$14,703$12,261$175,235$1,294,672
Indirect public support$10,000$5,887,079$10,418$0$10,000
Government contributions (grants)$0$0$0$0$0
Program service revenue including government fees and contracts$9,505,727$9,037,536$9,543,784$10,982,100$10,960,324
Membership dues and assessments$0$0$0$0$0
Interest on savings and temporary cash investments$182,091$58,466$43,524$397,104$371,350
Dividends and interest from securities$0$0$0$0$0
Net rental income or (loss)$0$0$0$0$176,229
Gross rents$0$0$0$0$176,229
Less: rental expenses$0$0$0$0$0
Other investment income$0$0$0$0$0
Gain or (loss) from sales of assets other than inventory$0$0$0$0$0
Gross amount from sales of assets other than inventory$0$0$0$0$0
Less: cost or other basis and sales expenses$0$0$0$0$0
Net income or (loss) from special events and activities$0$0$0$0$0
Gross revenue$0$0$0$0$0
Less: direct expenses other than fundraising expenses$0$0$0$0$0
Gross profit or (loss) from sales of inventory$0$0$0$0$0
Gross sales of inventory, less returns and allowances$0$0$0$0$0
Less: cost of goods sold$0$0$0$0$0
Other revenue$344,864$255,266$307,838$271,303$74,745
Total expenses$10,352,555$10,027,506$10,073,170$11,143,751$11,805,136
Program services$8,549,668$8,326,646$8,367,345$9,128,103$9,460,664
Management and general$1,646,816$1,700,860$1,705,825$2,015,648$2,344,472
Fundraising$156,071$0$0$0$0
Payments to affiliates$0$0$0$0$0
Net assets or fund balances at end of year$40,970,911$46,196,455$46,041,110$47,630,908$48,713,092
Excess or (deficit) for the year$-79,221$5,225,544$-155,345$681,991$1,082,184
Net assets or fund balances at beginning of year$41,050,132$40,970,911$46,196,455$46,823,917$47,630,908
Other changes in net assets or fund balances$0$0$0$125,000$0
Statement of Functional Expenses (for 2007)
TotalProgram servicesManagement and generalFundraising
Total functional expenses$11,805,136$9,460,664$2,344,472$0
Grants paid from donor advised funds$0
Other grants and allocations$0
Specific assistance to individuals$0
Benefits paid to or for members$0
Compensation of current officers, directors, key employees, etc.$742,874$0$742,874$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$2,969,454$2,963,124$6,330$0
Pension plan contributions not included above$118,790$0$118,790$0
Employee benefits not included above$767,419$656,318$111,101$0
Payroll taxes$201,636$170,630$31,006$0
Professional fundraising fees$0$0$0$0
Accounting fees$92,991$0$92,991$0
Legal fees$85,958$0$85,958$0
Supplies$177,550$163,548$14,002$0
Telephone$159,826$157,521$2,305$0
Postage and shipping$45,514$44,259$1,255$0
Occupancy$870,404$849,356$21,048$0
Equipment rental and maintenance$484,591$479,903$4,688$0
Printing and publications$49,198$8,290$40,908$0
Travel$196,986$81,205$115,781$0
Conferences, conventions, and meetings$87,856$37,011$50,845$0
Interest$0$0$0$0
Depreciation, depletion, etc.$1,247,793$1,123,014$124,779$0
Other expenses not covered above$3,506,296$2,726,485$779,811$0
Balance Sheets
20002001200220062007
Total assets$48,455,276$48,202,918$47,847,980$50,820,256$52,079,216
Cash - non-interest-bearing$2,194,430$2,769,396$3,295,933$3,838,295$2,787,498
Savings and temporary cash investments$0$0$0$5,000,000$7,000,000
Accounts receivable less allowance for doubtful accounts$76,738$73,642$95,397$70,634$103,525
Pledges receivable less allowance for doubtful accounts$0$0$0$0$0
Grants receivable$0$0$0$125,000$55,000
Receivables from current and former officers, directors, trustees, and key employees$0$0$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$0$0
Inventories for sale or use$0$0$0$0$0
Prepaid expenses and deferred charges$79,027$55,163$25,443$29,128$30,796
Investments - publicly-traded securities$0$0
Investments - other securities$0$0$0$0$0
Investments - land, buildings, and equipment less accumulated depreciation$0$0$0$0$0
Investments - other$0$0$0$0$0
Land, buildings, and equipment less accumulated depreciation$46,093,979$45,299,118$44,405,810$41,719,558$42,095,063
Other assets, including program-related investments$11,102$5,599$25,397$37,641$7,334
Total liabilities$7,484,365$2,006,463$1,806,870$3,189,348$3,366,124
Accounts payable and accrued expenses$349,950$251,580$338,893$493,385$689,745
Grants payable$0$0$0$0$0
Deferred revenue$1,300,780$1,694,605$1,467,970$2,695,963$2,676,379
Loans from officers, directors, trustees, and key employees$0$0$0$0$0
Tax-exempt bond liabilities$0$0$0$0$0
Mortgages and other notes payable$5,833,635$59,782$0$0$0
Other liabilities$0$496$7$0$0
Total liabilities and net assets/fund balances$48,455,276$48,202,918$47,847,980$50,820,256$52,079,216
Total net assets or fund balances$40,970,911$46,196,455$46,041,110$47,630,908$48,713,092
Reconciliation of Revenue per Audited Financial Statements With Revenue per Return
20002001200220062007
Total revenue$10,273,334$15,253,050$9,917,825$11,825,742$12,887,320
Total revenue, gains, and other support per audited financial statements$10,117,263$9,398,765$9,917,825$11,825,742$12,957,320
Other expenses$0$0$0$0$70,000
Net unrealized gains on investments$0$0$0$0$0
Donated services and use of facilities$0$0$0$0$0
Recoveries of prior year grants$0$0$0$0$0
Other$0$0$0$0$70,000
Other revenue$156,071$5,854,285$0$0$0
Investment expenses$0$0$0$0$0
Other$156,071$5,854,285$0$0$0
Reconciliation of Expenses per Audited Financial Statements With Expenses per Return
20002001200220062007
Total expenses$10,352,555$10,027,506$10,073,170$11,143,751$11,805,136
Total expenses and losses per audited financial statements$10,196,484$10,027,506$10,073,170$11,143,751$11,805,136
Other revenue$0$0$0$0$0
Donated services and use of facilities$0$0$0$0$0
Prior year adjustments$0$0$0$0$0
Losses$0$0$0$0$0
Other$0$0$0$0$0
Other expenses$156,071$0$0$0$0
Investment expenses$0$0$0$0$0
Other$156,071$0$0$0$0
Current Officers, Directors, Trustees, and Key Employees
Average hours per week devoted to positionCompensationContributions to employee benefit plans & deferred compensation plansExpense account and other allowances
40$239,218$0$0
40$51,854$3,607$0
40$200,947$0$0
40$78,005$4,678$0
40$164,555$0$0
Total number of officers, directors, and trustees permitted to vote on organization business at board meetings11
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?No
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?Yes
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?Yes
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, 200674
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$371,350$11,211,298
Program service revenue
Program service revenue 1000000$000$0$7,054,150
Program service revenue 2000000$000$0$429,900
Program service revenue 3000000$0Section 501(c)(3) organization - Income from an activity carried on primarily for the convenience of the organization's members, students, patients, visitors, officers, or employees (hospital parking lot or museum cafeteria, for example) (section 513(a)(2))$0$3,341,874
Program service revenue 4000000$000$0$134,400
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)$371,350$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$176,229
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$000$0$0
Net income or (loss) from special events000000$000$0$0
Gross profit or (loss) from sales of inventory000000$000$0$0
Other revenue000000$000$0$74,745
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
$102,442$0$0
$93,809$0$0
$81,873$0$0
$76,949$0$0
$76,028$4,748$0
Total number of other employees paid over $50,00025
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
19992000200120052006
Total$0$0$0$0$0
Gifts, grants, and contributions received$0$0$0$0$0
Membership fees received$0$0$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$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$0$0
Net income from unrelated business activities not included above$0$0$0$0$0
Tax revenues levied for the organization's benefit and either paid to it or expended on its behalf$0$0$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$0$0
Other income$0$0$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?No
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$13,269,709
Contributions, Gifts, Grants and Other Similar Amounts$203,963
Program Service Revenue$12,783,865
Other Revenue
Investment income (including dividends, interest, and other similar amounts)$100,536
Income from investment of tax-exempt bond proceeds$0
Royalties$0
Net rental income$200,633
Gross rents (Real / Personal)$200,633 / $0
Less: rental expenses (Real / Personal)$0 / $0
Rental income or (loss) (Real / Personal)$200,633 / $0
Net gain from sales of assets other than inventory$0
Net loss from fundraising events$-19,288
Gross income from fundraising events$12,835
Less: direct expenses$32,123
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$12,766,498
Compensation of current officers, directors, trustees, and key employees$535,000
Other salaries and wages$3,775,441
Payroll taxes$170,075
Professional fundraising services$0
Other$8,285,982
Balance Sheet (for 2011)
Total assets$51,985,810
Total liabilities$4,354,779
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$4,354,779
Total net assets or fund balances$47,631,031
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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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Phillips Exeter Academy20 Main St, Exeter, NH 03833-2438NH1946-07$414,165,881
2St Pauls School325 Pleasant St, Concord, NH 03301-2552NH1954-09$290,350,862
3Trustees Of Phillips Academy180 Main St, Andover, MA 01810-4166MA1961-03$251,043,680
4Trustees Of The Lawrenceville SchoolPO BOX 6126, Lawrenceville, NJ 08648-0126NJ1935-01$175,616,170
5Trustees Of Deerfield AcademyPO BOX 87, Deerfield, MA 01342-0087MA1947-04$139,294,712
6Emma Willard School285 Pawling Ave, Troy, NY 12180-5238NY1935-01$138,201,581
7Berkshire School Inc245 N Undermountain Rd, Sheffield, MA 01257-9638MA1926-05$104,567,818
8Northfield Mount Hermon School1 Lamplighter Way, Mount Hermon, MA 01354-9637MA1932-08$101,884,620
9Hotchkiss SchoolPO BOX 800, Lakeville, CT 06039-0800CT1925-01$101,843,957
10Millbrook School131 Millbrook School Rd, Millbrook, NY 12545-4932NY1933-11$22,622,060
11Keio Academy Of New York3 College Rd, Purchase, NY 10577-2108NY1994-03$13,977,664
12Ross SchoolEast Hampton, NY 11937NY$13,831,799
13Kipp Academy Charter School470 Seventh Avenue 10th Floor, New York, NY 10018-7196NY2001-07$11,545,970
14Aquinas Institute Of Rochester1127 Dewey Ave, Rochester, NY 14613-1305NY1994-08$8,506,227
15Storm King School314 Mountain Rd, Cornwall Hdsn, NY 12520-1839NY1943-01$6,685,414
16Rabbi Jacob H Epstein High School Of Jewish StudiesPo Box 161, Dewitt, NY 13214NY1974-10$51,392
17Our Lady Of Mercy AcademyOlma Convent Rd, Syosset, NY 11791NY1946-03$4,941,132
18Mercy High School1225 Ostrander Ave, Riverhead, NY 11901-2108NY1946-03$2,380,183
19Family And Child Service Of Schenectady Inc246 Union St, Schenectady, NY 12305-1406NY1996-01$1,591,548
20Montfort Academy99 Valley Rd, Katonah, NY 10536-1705NY1999-06$509,941
Number of organizations performing similar types of work
Alabama2
Arizona3
California32
Colorado5
Connecticut20
District of Columbia1
Delaware1
Florida6
Georgia5
Hawaii2
Iowa1
Illinois3
Indiana2
Kansas1
Kentucky2
Massachusetts29
Maryland5
Maine5
Michigan2
Minnesota3
Missouri5
Mississippi1
North Carolina8
New Hampshire9
New Jersey5
New Mexico4
New York13
Ohio4
Oregon3
Pennsylvania7
Rhode Island1
South Carolina2
Tennessee6
Texas7
Utah1
Virginia8
Vermont5
Washington5
Wisconsin1
Wyoming1
International2
Total228

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