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Nonprofiteer
← THE GREGORY SCHOOL

Form 990 for tax year 2022

Filed by THE GREGORY SCHOOL.

Totals

Total revenue
$9,623,114
Total expenses
$9,390,628
Contributions and grants received
$2,521,559
Grants paid
$1,466,201
Program service revenue
$7,085,201
Investment income
$6,021
Other revenue
$10,333
Total assets, end of year
$9,544,900
Total liabilities, end of year
$2,636,136
Net assets or fund balances, end of year
$6,908,764
Program services expenses (Part IX)
$6,954,434
Management and general expenses
$2,195,626
Fundraising expenses
$240,568
Program service expenses (Part III)
$6,954,434

Program services were 74.1% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $2,521,559

  • 2a · Program service revenue: TUITION

    total $6,891,263 · related or exempt $6,891,263

  • 2b · Program service revenue: ACTIVITY FEES & MISCEL

    total $193,938 · related or exempt $193,938

  • 3 · Investment income

    total $7,908 · excluded $7,908

  • 6a · Gross rents

    real property $34,333

  • 6b · Less rental expenses

    real property $24,000

  • 6c · Rental income or loss

    real property $10,333

  • 6d · Net rental income or loss

    total $10,333 · excluded $10,333

  • 7a · Gross sales of assets other than inventory

    securities $165,916

  • 7b · Less cost or other basis and sales expenses

    securities $165,916 · other assets $1,887

  • 7c · Gain or loss

    securities $0 · other assets -$1,887

  • 7d · Net gain or loss

    total -$1,887 · excluded -$1,887

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $1,466,201 · program services $1,466,201

  • 5 · Compensation of officers, directors and key employees

    total $349,874 · program services $94,775 · management and general $207,712 · fundraising $47,387

  • 7 · Other salaries and wages

    total $4,064,303 · program services $2,844,895 · management and general $1,188,883 · fundraising $30,525

  • 8 · Pension plan contributions

    total $187,490 · program services $134,417 · management and general $53,073

  • 9 · Other employee benefits

    total $382,850 · program services $273,127 · management and general $103,712 · fundraising $6,011

  • 10 · Payroll taxes

    total $325,275 · program services $220,337 · management and general $99,114 · fundraising $5,824

  • 11c · Fees: accounting

    total $42,340 · management and general $42,340

  • 11f · Fees: investment management

    total $19,416 · management and general $19,416

  • 11g · Fees: other

    total $19,669 · management and general $19,669

  • 12 · Advertising and promotion

    total $57,963 · fundraising $57,963

  • 13 · Office expenses

    total $22,550 · management and general $16,353 · fundraising $6,197

  • 14 · Information technology

    total $73,577 · program services $22,546 · management and general $38,818 · fundraising $12,213

  • 16 · Occupancy

    total $496,080 · program services $412,716 · management and general $82,178 · fundraising $1,186

  • 17 · Travel

    total $39,079 · program services $39,079

  • 19 · Conferences, conventions and meetings

    total $22,055 · management and general $14,844 · fundraising $7,211

  • 22 · Depreciation, depletion and amortization

    total $383,313 · program services $325,164 · management and general $57,215 · fundraising $934

  • 23 · Insurance

    total $115,689 · management and general $115,689

  • 24a · Other expenses: INSTRUCTIONAL EXPENSES

    total $1,030,530 · program services $1,030,530

  • 24b · Other expenses: OTHER MISCELLANEOUS COS

    total $283,160 · program services $81,433 · management and general $136,610 · fundraising $65,117

  • 24c · Other expenses: STUDENT ACTIVITIES

    total $9,214 · program services $9,214

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,142,689 · end of year $1,065,620

  • 2 · Savings and temporary cash investments

    beginning of year $541,261 · end of year $1,203,057

  • 4 · Accounts receivable

    beginning of year $27,154

  • 9 · Prepaid expenses and deferred charges

    beginning of year $92,615 · end of year $127,948

  • 10a · Land, buildings and equipment: cost or other basis

    $14,472,237

  • 10b · Land, buildings and equipment: accumulated depreciation

    $10,485,138

  • 10c · Land, buildings and equipment, net

    beginning of year $4,065,542 · end of year $3,987,099

  • 12 · Investments: other securities

    beginning of year $2,731,535 · end of year $2,893,714

  • 15 · Other assets

    end of year $267,462

  • 17 · Accounts payable and accrued expenses

    beginning of year $305,342 · end of year $351,860

  • 19 · Deferred revenue

    beginning of year $1,872,418 · end of year $1,988,708

  • 25 · Other liabilities

    beginning of year $20,199 · end of year $295,568

  • 27 · Net assets without donor restrictions

    beginning of year $3,391,856 · end of year $3,917,250

  • 28 · Net assets with donor restrictions

    beginning of year $3,010,981 · end of year $2,991,514

Mission and programs · 2022

Mission

THE GREGORY SCHOOL, AS A DIVERSE LEARNING COMMUNITY, CHALLENGES AND SUPPORTS STUDENTS TO ACHIEVE EXCELLENCE IN CHARACTER, SCHOLARSHIP, LEADERSHIP, AND INNOVATION AND PREPARES THEM TO MAKE A POSITIVE IMPACT IN THE WORLD.

Activities or mission (Part I)

CHALLENGES AND SUPPORTS STUDENTS TO ACHIEVE EXCELLENCE IN CHARACTER, SCHOLARSHIP, LEADERSHIP, AND INNOVATION AND PREPARES THEM TO MAKE A POSITIVE IMPACT IN THE WORLD.

  • TO PROVIDE EDUCATION TO APPROXIMATELY 365 STUDENTS IN 5TH THROUGH 12TH GRADE

    Expenses $6,954,434 · Grants $1,466,201 · Revenue $7,085,201

As filed on the 2022 return.

Listed in Part VII

  • Claudine Messing

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Jennifer Carrell

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Marie Maloney

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Erin Paradis

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Clayton Colwell

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Casey Looby

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Kevin Loufty

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Tom Pew

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Rachna Shroff

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Pamela Treadwell-Rubin

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Lindsey Baker

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Dick Reif

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Julie Sherrill

    HEAD OF SCHOOL

    Total calculated
    $256,483
    From this org
    $238,741
    From related orgs
    $0
    Other
    $17,742
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $218,741
    Bonus
    $20,000
    Other
    $0
    Deferred
    $11,938
    Nontaxable benefits
    $5,804
    Filer's total
    $256,483

  • Mary Babbitt

    DIRECTOR OF FINANCE

    Total calculated
    $107,375
    From this org
    $94,921
    From related orgs
    $0
    Other
    $12,454
    Hours/week
    40

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Written employment contract
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2022
Filed
3 May 2024
IRS schema version
2022v5.0
Source object
202411299349301346

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