CHRIST THE KING CONTINUING EDUCATION INC

EIN: 061640597 501(c)(3) Education

MIDDLE VILLAGE, NY

Total Revenue
$4,584,291
Total Expenses
$4,824,670
Total Assets
$3,662,974
Net Assets
$1,487,976
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1992
Legal Domicile
NY
Principal Officer
ARTHUR SPANARKEL
Phone
7183667400
Tax Period
2023-09-01 to 2024-08-31

CHRIST THE KING CONTINUING EDUCATION INC, founded in 1992, is a community nonprofit in the Education sector that reported $4.6M in total revenue in fiscal year 2023. Revenue decreased 6% compared to the prior year.

Mission

TO PROVIDE QUALITY EDUCATION, TUTORING, AND DAY CARE TO COMMUNITY RESIDENTS AT REASONABLE RATES.

Program Service Accomplishments

Program 1
Expenses: $2,676,345 Revenue: $2,414,473

CHRIST THE KING CONTINUING EDUCATION OFFERS A VARIETY OG PROGRAMS FOR ALL AGES. CLASSES ARE OFFERED IN ALL DIFFERENT SUBJECTS INCLUDING ESL, FITNESS, AND ARTS. TEST PREP CLASSES ARE GIVEN FOR GRAMMAR...

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CHRIST THE KING CONTINUING EDUCATION OFFERS A VARIETY OG PROGRAMS FOR ALL AGES. CLASSES ARE OFFERED IN ALL DIFFERENT SUBJECTS INCLUDING ESL, FITNESS, AND ARTS. TEST PREP CLASSES ARE GIVEN FOR GRAMMAR SCHOOL STATE TESTS, TACH, SATS, ACTS AND REGENTS EXAMS. THE TUTORING PROGRAM FOR GRADES K TO 12 SERVED OVER 350 STUDENTS, INCLUDING 50 SPECIAL EDUCATION STUDENTS. IN ADDITION SUMMER CAMPS OFFERED TO THE COMMUNITY WHICH THIS INCLUDES ACTIVITES SUCH AS BASKETBALL, SOCCOR, VOLLEYBALL, DANCE, CHEER AND DRAMA.

Program 2
Expenses: $1,889,229 Revenue: $1,612,122

CHRIST THE KING DAY CARE CENTER CARES FOR CHILDRED FROM THE AGE OF 6 WEEKS THROUGH PRE-K. IT IS OPEN 5 DAYS A WEEK THROUGHOUT THE YEAR. AN AFTER-SCHOOL PROGRAM IS AVAILABLE TO THE COMMUNITY FOR...

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CHRIST THE KING DAY CARE CENTER CARES FOR CHILDRED FROM THE AGE OF 6 WEEKS THROUGH PRE-K. IT IS OPEN 5 DAYS A WEEK THROUGHOUT THE YEAR. AN AFTER-SCHOOL PROGRAM IS AVAILABLE TO THE COMMUNITY FOR CHILDREN UP TO 8TH GRADE. IT HAS A MAXIMUM CAPACITY OF APPROXIMATELY 218 CHILDREN. OF THE 218 SLOTS, 136 SLOTS ARE DEEMED UNIVERSAL PRE-K. THE PROGRAM WAS AT FULL CAPACITY DURING THE 2023/2024 SCHOOL YEAR.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $4,026,595
Investment Income $70,575
Other Revenue $487,121
TOTAL REVENUE $4,584,291

Expense Breakdown

Grants Paid $1,085,440
Salaries & Benefits $2,149,707
Fundraising Expenses $0
Program Expenses $4,565,574
Other Expenses $1,589,523
TOTAL EXPENSES $4,824,670

Year-over-Year Comparison

2023 2022 Change
Revenue $4,584,291 $4,854,757 -0.1%
Expenses $4,824,670 $4,741,825 +0.0%
Net Income $-240,379 $112,932 -3.1%
Key Indicators
✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
8
Independent Members
5
Employees
16
Volunteers
5

Governance Policies

✓ Conflict of Interest Policy
✓ Whistleblower Policy
✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
⚠ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
6
$1,402,834
Total Directors
8
$1,402,834
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MICHAEL MICHEL PRESIDENT/ TRUSTEE 40.00
Officer Director
$173,310 $6,634 $179,944
JANINE MICHEL EXECUTIVE DIRECTOR/BOARD MEMBER 60.00
Officer Director
$183,000 $7,320 $190,320
JASON BRUNETTI TREASURER 0.50
Officer Director
$0 $0 $0
JOSEPH ARBITELLO CHAIRMAN 0.50
Officer Director
$0 $0 $0
SERPHIN MALTESE VICE CHAIR 0.50
Officer Director
$0 $0 $0
DOROTHY WAGNER SECRETARY 0.50
Officer Director
$1,032,570 $0 $1,032,570
MARTA SEPE BOARD MEMBER 0.50
Director
$0 $0 $0
EVELYN RUSSO BOARD MEMBER 0.50
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 No data No data No data No data
2024 $4,584,291 $4,824,670 $3,662,974 $-240,379
2023 $4,854,757 $4,741,825 $4,887,698 $112,932
2022 $5,159,994 $4,339,062 $2,643,256 $820,932
2021 $4,054,053 $4,122,859 $1,980,653 $-68,806
2020 $4,503,168 $4,912,955 $2,454,632 $-409,787
2019 $5,688,081 $6,071,882 $2,213,139 $-383,801
2018 $6,088,415 $6,346,189 $2,378,023 $-257,774
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