Overview
What is The Spence School?
The Spence School is an independent, college preparatory day school located at 22 East 91st Street in New York, New York (ZIP code 10128). With a diverse student community of girls from kindergarten through 12th grade, The Spence School's mission is to prepare them for self-transformation and making a positive impact on the world. Committed to academic excellence and personal integrity, the school aims to foster a learning environment where students develop purpose, passion, and perspective. The Spence School employs 384 individuals dedicated to shaping the future of young women.
Official website here: www.spenceschool.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 96% (Four-Star out of Four Star rating)
The Spence School has achieved a remarkable 96% rating from Charity Navigator, reflecting its strong performance in accountability and finance. This high score indicates a well-managed organization with a commitment to transparency and responsible financial practices, contributing to its Four-Star rating. The organization's financial health is underscored by its low liabilities-to-assets ratio and high program expense ratio, ensuring that a significant portion of its funding goes directly towards its educational programs.
The Spence School demonstrates exemplary governance with an entirely independent board consisting of 24 members, showcasing its dedication to ethical practices and oversight. Additionally, the presence of comprehensive policies, including conflict of interest and whistleblower protections, further emphasizes its commitment to accountability. These factors highlight the organization's strong leadership and effective management structures, fostering trust among its stakeholders.
While the data does not indicate any significant limitations, the strong emphasis on financial accountability and governance suggests that The Spence School is well-positioned to continue fulfilling its mission effectively. Overall, the organization stands out as a reputable nonprofit, committed to excellence in education and community engagement.
This AI summary has been generated from information found on Charity Navigator.
Is The Spence School legitimate?
The Spence School is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Spence School submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $2,650,743
Professional Fundraising Fees: $6,750
Other Salaries and Wages: $26,354,245
For more financial information, click here
Official website here: www.spenceschool.org
What is the mission statement of The Spence School?
The Spence School is a college preparatory day school that educates a diverse community of girls and young women. With a focus on academic excellence and personal integrity, the school prepares its students for a lifelong transformation, instilling in them a sense of purpose, passion, and perspective. The mission of The Spence School is to prepare its students for self-growth and making a difference in the world. Through its rigorous curriculum and supportive environment, the school fosters the development of confident, independent thinkers and leaders. The Spence School community values the unique qualities of each student, nurturing their individual talents and potential.
Official website here: www.spenceschool.org
Who is the CEO of The Spence School?
Felicia A Wilks is the Principal Officer of The Spence School.
Official website here: www.spenceschool.org
What is the revenue of The Spence School?
The Spence School's revenue in 2022 was $63,085,145.
Official website here: www.spenceschool.org
Who are the executives of The Spence School and what are their salaries?
The average compensation at The Spence School during 2022 was $75,534. There are 384 employees and 200 volunteers at The Spence School.
Here are 34 key members and their salaries:
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- Other: $42,761
Official website here: www.spenceschool.org
Where can I find the form 990 for The Spence School?
The Spence School's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.spenceschool.org
Learn more at the official website: www.spenceschool.org
Mission Statement of The Spence School
The Spence School, a college preparatory day institution for girls in kindergarten through twelfth grade, is deeply committed to academic excellence and personal integrity. This independent school is dedicated to transforming a diverse community of young women, instilling in them a sense of purpose, passion, and perspective for a lifetime. The mission of The Spence School goes beyond just providing an education; it strives to prepare its students for a self-transformation that will positively impact the world. By fostering an environment that encourages intellectual curiosity and moral growth, The Spence School sets its students on the path to becoming confident, compassionate, and capable individuals. With a strong focus on personal development, the school not only nurtures the minds of its students but also shapes their characters, preparing them to make a difference in their communities and the world at large.
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Impact
October, 2024
The Spence School fosters the growth of a diverse community of girls and young women, empowering them to embark on a lifelong journey of self-discovery and global impact. Located in New York, this independent, college preparatory day school serves students from kindergarten through grade 12, dedicated to achieving academic excellence and nurturing personal integrity. By providing a rigorous educational environment, Spence equips its students with the purpose, passion, and perspective necessary not only to excel academically but also to become transformative leaders in their communities and beyond. The school's commitment to diversity enriches the learning experience, encouraging collaboration and understanding among students from varied backgrounds, ultimately shaping a generation poised to tackle the complexities of the world.
This information is meant to be a general summary of The Spence School. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $2,851,089
- Program Service Revenue: $48,660,302
- Gross Receipts: $74,171,769
Assets and Liabilities:
- Total Assets: $392,567,317
- Total Liabilities: $58,401,368
- Net Assets: $334,165,949
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TUITION
Revenue
$44,704,755
OTHER PROGRAM SERVICE REVENUE
Revenue
$1,972,981
AFTERSCHOOL PROGRAM
Revenue
$873,126
STUDENT FEES
Revenue
$772,228
MUSIC PROGRAM FEES
Revenue
$337,212
Organization Details
Founding Year
1928
Phone
(212) 289-5940Principal Officer
Felicia A Wilks
Main Address
22 EAST 91ST STREET, NEW YORK, NY, 10128
Website
www.spenceschool.orgNTEE Category
Code: B200 - Education
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