2026-02-24T15:07:30-06:00 2025-06-30 871353108 EISNER ADVISORY GROUP LLC 733 THIRD AVENUE NEW YORK NY 100172703 990 2024-07-01 135562268 LITTLE RED SCHOOL HOUSE INC LITT 2124775316 40 CHARLTON STREET NEW YORK NY 10014 JOSHUA MARKS CFO 2124775316 2026-02-24 1 0 CANDICE METH P01306891 2129498700 2024 2025-03-06 01:10:19Z PHIL KASSEN 40 CHARLTON STREET NEW YORK NY 10014 47385278 0 X WWW.LREI.ORG X 1932 NY SEE SCHEDULE OA LEADER IN PROGRESSIVE EDUCATION SINCE 1921, LREI TEACHES CHILDREN TO BE INDEPENDENT THINKERS WHO WORK TOGETHER TO SOLVE COMPLEX PROBLEMS. STUDENTS GRADUATE FROM OUR DIVERSE COMMUNITY AS ACTIVE PARTICIPANTS IN OUR DEMOCRATIC SOCIETY, WITH THE CREATIVITY, INTEGRITY, AND COURAGE TO BRING MEANINGFUL CHANGE TO THE WORLD. 33 30 320 150 0 0 4651908 3628161 38575913 37945197 620350 644065 383160 385719 44231331 42603142 12891158 10358990 0 0 24159381 24545607 0 0 977018 9957251 10014489 47007790 44919086 -2776459 -2315944 52892738 53006679 27803290 28319064 25089448 24687615 X SEE SCHEDULE OA LEADER IN PROGRESSIVE EDUCATION SINCE 1921, LREI TEACHES CHILDREN TO BE INDEPENDENT THINKERS WHO WORK TOGETHER TO SOLVE COMPLEX PROBLEMS. STUDENTS GRADUATE FROM OUR DIVERSE COMMUNITY AS ACTIVE PARTICIPANTS IN OUR DEMOCRATIC SOCIETY, WITH THE CREATIVITY, INTEGRITY, AND COURAGE TO BRING MEANINGFUL CHANGE TO THE WORLD. 0 0 34273666 10358990 37945197 AT LREI (LITTLE RED SCHOOL HOUSE & ELISABETH IRWIN HIGH SCHOOL) WE UNDERSTAND THAT STUDENTS LEARN BEST WHEN THEY ARE ENGAGED. OUR PROGRESSIVE PROGRAM IS ROOTED IN A FUNDAMENTAL LOVE OF LEARNING AND A CONNECTION TO THE REAL WORLD. OUR TEACHERS, EXPERTS IN THEIR FIELDS, ENCOURAGE CHILDREN TO USE THEIR CURIOSITY, COMPASSION AND IMAGINATION TO THINK DEEPLY AND TO PARTICIPATE IN FINDING SOLUTIONS TO REAL PROBLEMS. (SEE SCHEDULE O FOR ADDITIONAL INFORMATION) WE UNDERSTAND THAT THE WORLD AROUND US PARTICULARLY OUR EVER VIBRANT HOME, NEW YORK CITY IS THE BEST PLACE TO LEARN. YOU'LL FIND OUR STUDENTS ASKING QUESTIONS ABOUT GREEN DESIGN AT THE HIGH LINE, FILMING A DOCUMENTARY ON CONEY ISLAND'S BOARDWALK AND VOLUNTEERING AT THE LOCAL FOOD PANTRY WE'VE PARTNERED WITH FOR YEARS. WE PROVIDE A RICH AND CHALLENGING PROGRESSIVE PROGRAM FOR BRIGHT, INQUISITIVE STUDENTS WHO BRING A RANGE OF ABILITIES AND INTERESTS TO THEIR COLLECTIVE STUDY OF THE WORLD. OUR SCHOOL IS A COMMUNITY BUILT ON UNDERSTANDING AND RESPECT FOR OTHERS. LIKE NEW YORK CITY, THIS COMMUNITY IS DIVERSE IN EVERY SENSE, WITH A VARIETY OF FAMILY STRUCTURES AND BELIEFS, AS WELL AS OTHER, MORE FAMILIAR DEFINITIONS OF DIVERSITY (RACIAL, ETHNIC, SOCIOECONOMIC, RELIGIOUS). OUR INTERDISCIPLINARY CURRICULUM AND SCHOOLWIDE SOCIAL JUSTICE INITIATIVES PROMOTE UNDERSTANDING OF MANY CULTURES. AS INDIVIDUAL ACHIEVEMENT IS ENCOURAGED AND REWARDED, OUR PROGRAM UNDERSCORES THE VALUE OF SHARED GOALS AND COOPERATION IN MASTERING DIFFICULT TASKS. BY THE TIME LREI STUDENTS GRADUATE, THEY ARE READY TO MAKE THEIR MARKS ON THEIR UNIVERSITY CAMPUSES BECAUSE THEY HAVE LEARNED TO BE ACTIVE CITIZENS IN THEIR SCHOOL, CITY AND GLOBAL COMMUNITIES. 34273666 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 1 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 48 0 1 320 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 33 30 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X JOSHUA MARKS 2124775316 40 CHARLTON STREET NEW YORK NY 10014 ANH-VAN NGUYEN CHAIR 1.00 0.00 X X 0 0 0 SUSIE SCHER VICE-CHAIR 1.00 0.00 X X 0 0 0 LOUIS SHARPE TREASURER 1.00 0.00 X X 0 0 0 SHOY MCKEN SECRETARY 1.00 0.00 X X 0 0 0 JONATHAN ROSEN TRUSTEE 1.00 0.00 X 0 0 0 CECI LOEBL VAN BLERKOM TRUSTEE 1.00 0.00 X 0 0 0 AMANDA W GOODWIN TRUSTEE, MS HUMANITIES TEACHER 40.00 0.00 X 125985 0 29196 AMY ZIMMERMAN TRUSTEE 1.00 0.00 X 0 0 0 ANNE MARIE DENSON TRUSTEE 1.00 0.00 X 0 0 0 CHAKSHU PATEL TRUSTEE 1.00 0.00 X 0 0 0 DAWN EIG TRUSTEE 1.00 0.00 X 0 0 0 EVE STUART TRUSTEE 1.00 0.00 X 0 0 0 FRANCIS GREENBURGER TRUSTEE 1.00 0.00 X 0 0 0 HARRIETTE THOMAS TRUSTEE 1.00 0.00 X 0 0 0 HELENA TUBIS TRUSTEE 1.00 0.00 X 0 0 0 HOPE REEVES TRUSTEE 1.00 0.00 X 0 0 0 JASON BRUNO TRUSTEE 1.00 0.00 X 0 0 0 JENNIFER ROGOFF TRUSTEE 1.00 0.00 X 0 0 0 JENNIFER SAGUM TRUSTEE 1.00 0.00 X 0 0 0 JERELYN RODRIGUEZ WILLIAMS TRUSTEE 1.00 0.00 X 0 0 0 JESSIE C KIRK TRUSTEE, LS LEAD TEACHER 40.00 0.00 X 103683 0 25191 JULIA HEATON TRUSTEE 1.00 0.00 X 0 0 0 KAI-ANASA GEORGE TRUSTEE 1.00 0.00 X 0 0 0 KASEY PICAYO TRUSTEE 1.00 0.00 X 0 0 0 MAREN BERTHELSEN TRUSTEE 1.00 0.00 X 0 0 0 PAUL WILLIAMS TRUSTEE 1.00 0.00 X 0 0 0 PINKY FUNG TRUSTEE 1.00 0.00 X 0 0 0 ROBERT GUTMANN TRUSTEE 1.00 0.00 X 0 0 0 ROBERT ROSENTHAL TRUSTEE 1.00 0.00 X 0 0 0 RODNEY WHITE TRUSTEE 1.00 0.00 X 0 0 0 SEAN PAROFF TRUSTEE 1.00 0.00 X 0 0 0 YUKIE OHTA TRUSTEE 1.00 0.00 X 0 0 0 EUNU CHUN TRUSTEE (THROUGH 6/30/24) 1.00 0.00 X 0 0 0 JAMAL YOUNG TRUSTEE (THROUGH 6/30/24) 1.00 0.00 X 0 0 0 KEN CORNICK TRUSTEE (THROUGH 6/30/24) 1.00 0.00 X 0 0 0 CHARLENE E CRUZ-CERDAS TRUSTEE, HS HISTORY TEACHER 40.00 0.00 X 114911 0 19166 KELLIE FERGUSON TRUSTEE (THROUGH 6/30/24) 1.00 0.00 X 0 0 0 RUTH JURGENSEN TRUSTEE (THROUGH 6/30/24) 1.00 0.00 X 0 0 0 DAVE OLSEN TRUSTEE (THROUGH 6/30/24) 1.00 0.00 X 0 0 0 HALEE SAGE TRUSTEE (THROUGH 6/30/24) 1.00 0.00 X 0 0 0 KIMBROUGH TOWLES TRUSTEE (THROUGH 6/30/24) 1.00 0.00 X 0 0 0 PHIL KASSEN DIRECTOR 40.00 0.00 X 584001 0 63611 JOSHUA MARKS CFO 40.00 0.00 X 294263 0 40687 JENNIFER R WEIL DIRECTOR OF ADVANCEMENT 40.00 0.00 X 196712 0 64876 ALLISON W ISBELL ASSISTANT DIRECTOR 40.00 0.00 X 199932 0 51992 KALIL T OLDHAM DIRECTOR OF COMMUNITY 40.00 0.00 X 205525 0 18251 MARGARET D ANDREWS ASSISTANT PRINCIPAL 40.00 0.00 X 168672 0 29684 ADELE D PELZ DEPT CHAIR MODERN LANGUAGE 40.00 0.00 X 168750 0 14932 ROBERT ROMERO DIRECTOR OF FACILITIES 40.00 0.00 X 273566 0 34288 CAREY SOCOL DIRECTOR OF COLLEGE COUNSELING 40.00 0.00 X 175373 0 20897 2611373 0 412771 81 0 1 0 DEBEVOISE & PLIMPTON LLP 919 THIRD AVENUE 28TH FLOOR NEW YORK NY 10022 LEGAL SERVICES 237202 GOLDMAN SACHS 200 WEST STREET NEW YORK NY 10282 MANAGEMENT AND CUSTODY FEES 138779 VICENTE VILLAVERDE 110 LENOX ROAD APT 6A BROOKLYN NY 11226 FACILITIES REPAIR 121875 3 340837 433825 2853499 462609 3628161 TUITION 611710 36579049 36579049 SUMMER CAMP FEES 611710 597139 597139 AFTER SCHOOL PROGRAM 611710 523456 523456 OTHER FEES 611710 245553 245553 37945197 466276 466276 367725 0 367725 367725 367725 4598626 160864 4420837 160864 177789 0 177789 177789 200435 340837 200435 0 MISCELLANEOUS INCOME 900099 16659 16659 BAD DEBT RECOVERIES 900099 1335 1335 17994 42603142 37963191 0 1011790 10358990 10358990 1943111 1301295 547712 94104 17569068 12346855 4738908 483305 1200212 826999 336585 36628 2403738 1642458 688472 72808 1429478 984974 400880 43624 294843 294843 94560 94560 138779 138779 572748 571130 1618 395665 266900 128765 435055 435055 1841992 1291631 507104 43257 55089 30423 24666 614950 423728 172455 18767 1774134 1222458 497534 54142 387874 387874 LUNCHROOM &FOOD SERVICE 1391943 1391943 STUDENT ACTIVITY-TRIPS 1171241 1171241 CLASSROOM SUPPLIES 471845 471845 SUMMER CAMP SUPPLIES 330938 330938 42833 42833 44919086 34273666 9668402 977018 X 3000 3000 2329137 2563721 1807557 1628859 224592 51930 715027 427926 53039478 31632455 22036163 21407023 23097415 24374562 1182169 1224593 1497678 1325065 52892738 53006679 2483737 2881692 11792733 12470841 7675637 7531745 3988013 3920127 1863170 1514659 27803290 28319064 X 21906048 -366384 3183400 25053999 25089448 24687615 52892738 53006679 X -2315944 2384757 -470646 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 23412231 4000 2883678 2874520 23425389 20785391 770685 2967116 1110961 23412231 16687145 2159034 2010972 71760 20785391 17973128 1320277 -2606260 16687145 12530342 2728085 2831922 117221 17973128 0.78000 0.22000 0 0 857823 857823 49613908 30225548 19388360 288432 211393 77039 1271214 1195514 75700 1008101 1008101 21407023 LEASE LIABILITIES - OPERATING 1256531 LEASE LIABILITIES - FINANCING 205128 SECURITY DEPOSIT PAYABLE 53000 1514659 X 34488512 2384757 2384757 32103755 138779 10360608 10499387 42603142 34890345 470646 470646 34419699 138779 10360608 10499387 44919086 PART IV, LINE 1B: THE SCHOOL'S ENDOWMENT GENERATES A PREDICTABLE STREAM OF REVENUE THAT HELPS FUND ITS PROGRAMS, AS WELL AS FINANCIAL AID AND BUILDING PROJECTS. PART X, LINE 2: THE SCHOOL IS SUBJECT TO THE PROVISIONS OF THE FINANCIAL ACCOUNTING STANDARDS BOARD'S (THE "FASB") ACCOUNTING STANDARDS CODIFICATION ("ASC") TOPIC 740, INCOME TAXES, AS IT RELATES TO ACCOUNTING AND REPORTING FOR UNCERTAINTY IN INCOME TAXES. DUE TO THE SCHOOL'S GENERAL TAX-EXEMPT STATUS, MANAGEMENT BELIEVES THAT ASC TOPIC 740 HAS NOT HAD, AND IS NOT EXPECTED TO HAVE, A MATERIAL IMPACT ON THE SCHOOL'S FINANCIAL STATEMENTS. PART XI, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID EXPENSE 10,358,990. ENDOWMENT CAMPAIGN EXPENSES 1,618. PART XII, LINE 2D - OTHER ADJUSTMENTS: LOSS ON UNCOLLECTIBLE ACCOUNTS 470,646. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID EXPENSE 10,358,990. ENDOWMENT CAMPAIGN EXPENSES 1,618. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 THE LREI DIVERSITY STATEMENT IS PROVIDED IN ALL COMMUNICATIONS AND IS INCLUDED WITH THE MISSION STATEMENT ON THE LREI WEBPAGE AT LREI.ORG DIVERSITY STATEMENT ON THE WEBSITE: SINCE 1921, LREI'S COMMITMENT TO SOCIAL JUSTICE, EQUITY AND ACTIVISM HAS ENSURED THAT EVERY COMMUNITY MEMBER HAS ACCESS TO THE FULL LREI EXPERIENCE. OUR 14-YEAR PROGRAM EXPLORES, CELEBRATES, AND ENCOURAGES DIFFERENCES AND COMMONALITIES, AND THE CHALLENGES AND OPPORTUNITIES THEY PRESENT. WE VIEW THESE EFFORTS AS INTEGRAL TO THE PERSONAL AND INTELLECTUAL GROWTH OF EACH MEMBER OF OUR SCHOOL. LREI IS COMMITTED TO EACH OF ITS COMMUNITY MEMBERS, EACH OF WHOM HAS A RESPONSIBILITY TO BOTH THE COMMUNITY AND TO THE WIDER WORLD. THIS IS AS IMPORTANT NOW AS IT WAS WHEN LREI WAS FOUNDED. ART PARTY 541272 340837 200435 39571 160864 541272 340837 200435 39571 160864 200435 0 1 SCHOLARSHIPS AND TUITION REMISSION 187 10358990 FMV TUITION REDUCTION PART I, LINE 2: ALL GRANTS OF FINANCIAL AID OR MERIT SCHOLARSHIPS ARE ALLOCATED BY DISCOUNTING THE NOMINAL TUITION BY THE AMOUNT OF THE AID OR SCHOLARSHIP. THEREFORE, NO CASH IS GIVEN, BUT RATHER, FOR EXAMPLE, A STUDENT WHO WOULD OTHERWISE PAY $30,000 RECEIVES FINANCIAL AID OF $10,000 AND THEREFORE PAYS THE NET AMOUNT OWED OF $20,000. ALL GRANTS OF FINANCIAL AID ARE DECIDED BY LREI'S TUITION REMISSION COMMITTEE AND ARE BASED ON AN OBJECTIVE DETERMINATION OF FINANCIAL NEED. THE AMOUNT OF ANY FINANCIAL AID OR SCHOLARSHIP IS DOCUMENTED IN THE ENROLLMENT CONTRACT AND BOTH TUITION AND FINANCIAL AID ARE ENTERED INTO OUR ACCOUNTS RECEIVABLE MODULE SO THAT WE CAN TRACK THE NET AMOUNT THAT MUST BE PAID BY A PARTICULAR STUDENT. X X X X 0 0 0 0 0 0 0 0 0 PHIL KASSEN DIRECTOR 584001 0 0 0 0 0 50738 0 12873 0 647612 0 0 0 JOSHUA MARKS CFO 294263 0 0 0 0 0 27214 0 13473 0 334950 0 0 0 ROBERT ROMERO DIRECTOR OF FACILITIES 273566 0 0 0 0 0 16227 0 18061 0 307854 0 0 0 JENNIFER R WEIL DIRECTOR OF ADVANCEMENT 196712 0 0 0 0 0 20765 0 44111 0 261588 0 0 0 ALLISON W ISBELL ASSISTANT DIRECTOR 199932 0 0 0 0 0 18392 0 33600 0 251924 0 0 0 KALIL T OLDHAM DIRECTOR OF COMMUNITY 205525 0 0 0 0 0 17528 0 723 0 223776 0 0 0 MARGARET D ANDREWS ASSISTANT PRINCIPAL 168672 0 0 0 0 0 16211 0 13473 0 198356 0 0 0 CAREY SOCOL DIRECTOR OF COLLEGE COUNSELING 175373 0 0 0 0 0 3588 0 17309 0 196270 0 0 0 ADELE D PELZ DEPT CHAIR MODERN LANGUAGE 168750 0 0 0 0 0 14932 0 0 0 183682 0 0 0 AMANDA W GOODWIN TRUSTEE, MS HUMANITIES TEACHER 125985 0 0 0 0 0 12179 0 17017 0 155181 0 0 0 A BUILD NYC RESOURCE CORPORATION 454040561 2023-03-28 7734000 REFINANCE 0 0 0 A 7579744 154256 2013 1 0 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 0 A 0 0 0 1 0 0 0 0 1 A 1 X 10 161750 PUBLISHED MARKET QUOTES X AUCTION ITEMS 220 160864 SALE PRICE AT AUCTIO X BITCOIN 1 139995 PUBLISHED MARKET QUO 0 1 0 PART I, COLUMN (B): DURING FISCAL YEAR 2025, THE SCHOOL RECEIVED STOCK SECURITY DONATIONS FROM 10 DONORS, ARTWORK FROM 220 DONORS, AND BITCOIN FROM ONE DONOR. FORM 990, PART VI, SECTION B, LINE 11B MANAGEMENT REVIEWS THE DRAFT COPY OF THE 990 FOR ACCURACY BEFORE CIRCULATING A DRAFT COPY TO THE AUDIT AND RISK COMMITTEE OF THE BOARD OF TRUSTEES. THE AUDIT AND RISK COMMITTEE REVIEWS THE DRAFT FOR ACCURACY AND THEN POSITIVELY RECOMMENDS THE DRAFT TO THE BOARD OF TRUSTEES, WHICH IN TURN REVIEWS AND DISCUSSES THE DRAFT AT A REGULARLY SCHEDULED BOARD MEETING. AFTER THIS GOVERNANCE PROCESS, THE 990 IS FINALIZED FOR FILING. FORM 990, PART VI, SECTION B, LINE 12C LREI CIRCULATES ITS CONFLICT OF INTEREST AND WHISTLEBLOWER POLICY TO TRUSTEES ON AN ANNUAL BASIS. EACH TRUSTEE IS ASKED TO ACKNOWLEDGE RECEIPT OF THE POLICY AND TO INDICATE COMPLIANCE WITH IT. IF ANY CONFLICT OF INTEREST IS INDICATED ON THE ACKNOWLEDGEMENT, OR IF ANY CONFLICT OF INTEREST OTHERWISE ARISES, THE ISSUE IS ADDRESSED BY THE DIRECTOR OF LREI AND THE CHAIR OF THE BOARD OF TRUSTEES, WHO MAY CONSULT WITH DISINTERESTED MEMBERS OF THE EXECUTIVE COMMITTEE ON THE MATTER. FORM 990, PART VI, SECTION B, LINE 15 THE ORGANIZATION OBTAINS THE COMPENSATION DATA RELATING TO TOP MANAGEMENT OF SIMILAR ORGANIZATIONS WHEN CONSIDERING THE INITIAL SALARY AND BENEFITS OF KEY EMPLOYEES, AS WELL AS INCREASES ON COMPENSATION. THE ORGANIZATION ALSO REGULARLY CONSIDERS INDUSTRY TRENDS REGARDING MANAGEMENT COMPENSATION. ONCE THE APPROPRIATE DATA HAS BEEN OBTAINED, IT IS ANALYZED AND APPROVED AT A REGULARLY SCHEDULED MEETING OF THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES. ACCORDINGLY, LREI SATISFIES THE IRS CRITERIA WITH RESPECT TO THE REBUTTABLE PRESUMPTION OF REASONABLENESS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON WRITTEN REQUEST. FORM 990, PART X, COLUMN A RESTATEMENT: DURING THE PREPARATION OF THE FINANCIAL STATEMENTS AS OF AND FOR THE YEAR ENDED JUNE 30, 2025, MANAGEMENT DETERMINED THAT THE SCHOOL'S PREVIOUSLY ISSUED FINANCIAL STATEMENTS AS OF AND FOR THE YEAR ENDED JUNE 30, 2024, CONTAINED ERRORS REGARDING INCORRECT CLASSIFICATION OF ENDOWMENT DONATIONS, ACCUMULATED ENDOWMENT EARNINGS AND REPORTING OF APPROPRIATIONS FROM THE ENDOWMENT. THE CORRECTION OF THE ERRORS HAD NO EFFECT ON THE TOTAL NET ASSETS AS OF JUNE 30, 2024, ONLY THE CATEGORIES WITHIN NET ASSETS WERE IMPACTED. FORM 990, PART XI, LINE 9: LOSS ON UNCOLLECTIBLE ACCOUNTS -470,646.