LEXINGTON SCHOOL & CENTER FOR THE DEAF ANNUAL REPORT

Transcription

1 LEXINGTON SCHOOL & CENTER FOR THE DEAF ANNUAL REPORT Lexington School & Center for the Deaf th Street East Elmhurst, NY 11370

2 LEXINGTON SCHOOL & CENTER FOR THE DEAF Lexington School for the Deaf, a private, non-profit school was founded in 1864 by Isacc and Hannah Rosenfeld, who wanted to provide an education for their deaf daughter. By 1880, funds were raised to establish a school on Lexington Avenue in New York City. In 1968, the school was relocated to East Elmhurst, Queens, to accommodate the growing student body. Today, Lexington is the largest school for the deaf in New York State with an enrollment of 276 students as of September The school s programs include the parent-infant toddler program, a preschool program, and the elementary, middle and high school. The Foreign Language Transition program supports the transition of newly arrived students from diverse linguistic and cultural backgrounds. Our special needs classes serve students with developmental and communication challenges. Lexington maintains a high teacher to student ratio to ensure a high level of instruction and attention from our Master s prepared teachers and instructional assistants. All students receive speech therapy and a team of mental health counselors provides supportive services. Other Services The Lexington Vocational Services Center provides job preparation, placement, coaching and supportive employment services to Deaf adults in New Jersey and New York. Lexington s job developers, job coaches and independent living specialists work closely with clients and employers to ensure a successful job transition and placement. The Lexington Center for Mental Health Services provides skilled counseling services to deaf adults and children. Services include an Article 31 mental health clinic, children s intensive case management, support groups for deaf families and outreach to deaf patients in New York City hospital inpatient psychiatric units. The Lexington Hearing and Speech Center provides diagnostic and screening hearing and speech services to approximately 3,000 people every year. Clients range in age from infants to senior citizens. The Center is licensed by the New York State Department of Health as an Article 28 outpatient center and certified by the American Speech-Language-Hearing Association Council of Professional Services Accreditation to provide audiology and speech language pathology and also serves as a continuing education site.

3 HIGHLIGHTS Students Blasted into Reading as part of the annual Pick A Reading Partner (PARP) program to encourage literacy. Lexington students had an opportunity to practice advocacy skills as part of 4201 Advocacy Day in Albany. (Pictured with NYS Assemblyman Michael DenDekker.) Lexington s first Multicultural Week Celebration was a hit with students and staff! Middle school students showed their entrepreneurial talents by planning and hosting a spring carnival. New OSMO coding software and hardware has preschool and elementary students learning basic coding skills. Lexington s boys and girls basketball teams took to the court against the NYS Legislative All-Stars at the annual Esther Lustig Basketball Tournament.

4 Lexington School for the Deaf & Related Entities Combined Balance Sheet - June 30, 2018 & * Assets Current Assets Cash and cash equivalents $3,522,819 $1,919,828 Investments 9,874,933 9,163,943 Accounts Receivable New York State - aidable budget 1,190,961 5,468,242 Title 1 83, ,782 Other (less allowance for doubtful accounts of $164,370 in 2017 and $225,000 in 2016) 175, ,987 Total Current Assets 14,848,230 17,022,782 Beneficial Interest in Perpetual Trust 1,226,735 1,178,351 Fixed Assets - net 6,323,071 7,015,704 Total assets $22,398,036 $25,216,837 Liabilities and Net Assets Current Liabilities Line of credit $1,925,000 $3,750,000 Accounts payable and accrued expenses 5,028,392 5,542,193 Due to government agencies 49,467 49,467 Current portion of capital lease payable 24,553 24,533 Deferred revenue 29, ,654 Total Current Liabilities 7,057,010 9,924,867 Long-term liability Capital lease payable 171, ,615 Total liabilities $7,228,072 $10,120,482 Net Assets Unrestricted $12,554,545 $12,535,897 Temporarily restricted 970, ,976 Permanently restricted 1,645,260 1,596,482 Total net assets 15,169,964 15,096,355 Total liabilities and net assets $22,398,036 $25,216,837 * The 2017 financial statements were restated to include the beneficial interest in perpetual trust as an asset of the Foundation and separately disclose the line of credit on the financial statements, and to report revenue and expenses net of intercompany activity.

5 Lexington School for the Deaf & Related Entities Combined Statement of Activities - June 30, 2018 & 2017 Revenue, Gains, Losses and Other Support Government grants Tuition and maintenance of pupils - aidable budget $22,321,051 $21,878,831 Title 1 - Improvement of Communication Arts - Government grants and contracts 1,358,405 1,240,301 Fees for services and other revenue 2,560,543 2,463,216 Less provision for bad debt (20,000) (65,535) Contributions 67, ,895 Special Events 16,792 - Less Direct Costs (5,781) - Investment income (loss) 762, ,112 Change in beneficial interest in perpetual trust 48, ,608 Interest - 62 Total revenue, gains, losses, and other support $27,412,490 $26,412,490 Expenses Program services New York State educational services $19,239,128 $18,772,018 Private 719, ,017 Title 1 405, ,119 Vocational services 1,647,834 1,600,185 Hearing and speech 902, ,931 Mental health 585, ,658 Community program 4,545 4,072 Total program services $23,503,810 $23,010,000 Supporting services Management and general $3,472,591 $3,427,557 Fund-raising 59,775 62,056 Total supporting services $3,532,366 $3,489,613 Total expenses* $27,036,176 $26,499,613 Change in net assets 73,609 (87,123) Net assets, Beginning of Year, as Previously Reported $15,096,355 $14,106,735 Restatement - $1,076,743 Net assest, Beginning of Year, as Restated $15,096,355 $15,183,478 Net assets, End of Year $15,169,964 $15,096,355 * Includes interest expense of $102,826 in 2018 and $120,205 in 2017.

6 Summer Youth Employment Program Every summer, Lexington s high school students have the opportunity to gain valuable work experience through the NYC Summer Youth Employment Program. Participating employers include NY Presbyterian Medical Center - Queens and the Queens Botanical Garden Board of Trustees Russell Rosen, President Ralph Reiser, Vice President Irene Leigh, Secretary Vincent DiMaggio, Treasurer David Bahar Sara Basson Phil Bravin Seth Bravin Patrice Creamer Vincent DiMaggio Claudia Gordon Albert Hlibok Greg Hlibok Alan Mansfield Jarrod Musano David Paley Arvin Pasricha Linda Schlesinger PLACE STAMP HERE Administrative Team MISSION STATEMENT The Lexington School and Center for the Deaf seeks to be an exemplary education, service, and research institution for the deaf and hard of hearing in metropolitan New York City, New Jersey, and the nation. We seek to collaborate with the deaf and hardof-hearing to realize their full potential in both the deaf and hard-of-hearing worlds; and take a leading position in concert with the deaf and hard-of-hearing communities in articulating the multifaceted challenges, opportunities, and needs for services of the deaf and hard-of-hearing. Lexington School for the Deaf and its affiliated entities are tax-exempt under section 501(c )(3) of the Internal Revenue Code. Donations are tax-deductible to the extent allowed by law. LEXINGTON SCHOOL & CENTER FOR THE DEAF th Street East Elmhurst, NY Voice & VP Donald A. Galloway CEO/Superintendent Maria Noto Chief Financial Officer Louis Taxin Assistant Superintendent, Pupil Personnel Services Maureen Tillwitz Human Resources Jane Moran Principal Adele I. Agin Executive Director, Mental Health Center, Vocational Services Center, Speech & Hearing Center