Totals
- Total revenue
- $8,473,363
- Total expenses
- $9,179,908
- Contributions and grants received
- $1,917,115
- Grants paid
- $1,700,536
- Program service revenue
- $6,541,959
- Investment income
- $52,442
- Other revenue
- -$38,153
- Total assets, end of year
- $4,869,743
- Total liabilities, end of year
- $3,755,970
- Net assets or fund balances, end of year
- $1,113,773
- Program services expenses (Part IX)
- $7,818,004
- Management and general expenses
- $1,006,824
- Fundraising expenses
- $355,080
- Program service expenses (Part III)
- $7,818,004
Program services were 85.2% 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.
-
1c · Fundraising events
$160,738
-
1e · Government grants (contributions)
$250,000
-
1f · All other contributions, gifts and grants
$1,506,377
-
2a · Program service revenue: TUITION AND FEES
total $6,422,257 · related or exempt $6,422,257
-
2b · Program service revenue: AUXILIARY PROGRAMS
total $119,702 · related or exempt $119,702
-
3 · Investment income
total $52,442 · excluded $52,442
-
8a · Fundraising events: gross income
$17,000
-
8a · Fundraising events: contributions included on line 1c
$160,738
-
8b · Fundraising events: direct expenses
$56,588
-
8c · Net income from fundraising events
total -$39,588 · excluded -$39,588
-
11a · Other revenue: OTHER INCOME
total $1,435 · excluded $1,435
-
11e · Other revenue, total
$1,435
Functional expenses
Part IX, the statement of functional expenses.
-
2 · Grants to domestic individuals
total $1,700,536 · program services $1,700,536
-
5 · Compensation of officers, directors and key employees
total $396,817 · program services $197,218 · management and general $122,983 · fundraising $76,616
-
7 · Other salaries and wages
total $4,195,828 · program services $3,708,006 · management and general $322,324 · fundraising $165,498
-
8 · Pension plan contributions
total $210,060 · program services $182,751 · management and general $19,646 · fundraising $7,663
-
9 · Other employee benefits
total $439,668 · program services $401,081 · management and general $25,096 · fundraising $13,491
-
10 · Payroll taxes
total $339,818 · program services $287,888 · management and general $33,737 · fundraising $18,193
-
11c · Fees: accounting
total $30,000 · management and general $30,000
-
11f · Fees: investment management
total $1,770 · management and general $1,770
-
11g · Fees: other
total $86,690 · management and general $22,690 · fundraising $64,000
-
12 · Advertising and promotion
total $29,555 · program services $25,163 · management and general $2,857 · fundraising $1,535
-
13 · Office expenses
total $38,579 · program services $10,027 · management and general $28,550 · fundraising $2
-
14 · Information technology
total $111,871 · program services $9,442 · management and general $102,429
-
16 · Occupancy
total $643,057 · program services $568,012 · management and general $72,344 · fundraising $2,701
-
17 · Travel
total $6,762 · management and general $6,762
-
20 · Interest
total $22,860 · program services $20,192 · management and general $2,572 · fundraising $96
-
22 · Depreciation, depletion and amortization
total $184,710 · program services $163,154 · management and general $20,780 · fundraising $776
-
23 · Insurance
total $62,206 · program services $52,961 · management and general $6,014 · fundraising $3,231
-
24a · Other expenses: ORGANIZED ACTIVITIES
total $191,244 · program services $191,244
-
24b · Other expenses: REPAIR AND MAINTENANCE
total $129,370 · program services $114,273 · management and general $14,554 · fundraising $543
-
24c · Other expenses: CLASSROOM SUPPLIES
total $74,211 · program services $74,211
-
24d · Other expenses: BANK, CREDIT CARD AND O
total $52,988 · management and general $52,988
-
24e · All other expenses
total $231,308 · program services $111,845 · management and general $118,728 · fundraising $735
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $642,304 · end of year $998,270
-
3 · Pledges and grants receivable
beginning of year $236,000 · end of year $273,000
-
4 · Accounts receivable
beginning of year $952,962 · end of year $894,654
-
9 · Prepaid expenses and deferred charges
beginning of year $268,125 · end of year $174,885
-
10a · Land, buildings and equipment: cost or other basis
$899,885
-
10b · Land, buildings and equipment: accumulated depreciation
$796,829
-
10c · Land, buildings and equipment, net
beginning of year $202,660 · end of year $103,056
-
11 · Investments: publicly traded securities
beginning of year $767,374 · end of year $644,331
-
15 · Other assets
beginning of year $1,449,752 · end of year $1,781,547
-
17 · Accounts payable and accrued expenses
beginning of year $599,802 · end of year $685,454
-
19 · Deferred revenue
beginning of year $952,041 · end of year $835,818
-
23 · Secured mortgages and notes payable
end of year $150,000
-
24 · Unsecured notes and loans payable
beginning of year $495,981 · end of year $480,401
-
25 · Other liabilities
beginning of year $663,711 · end of year $1,604,297
-
27 · Net assets without donor restrictions
beginning of year $206,737 · end of year -$388,408
-
28 · Net assets with donor restrictions
beginning of year $1,600,905 · end of year $1,502,181
Mission and programs · 2023
Mission
THE GRAYSON SCHOOL PROVIDES GIFTED CHILDREN A CHALLENGING, RESEARCH-BASED EDUCATION WORTHY OF THEIR INTELLECT AND THEIR INTRINSIC DESIRE TO LEARN AND THINK DEEPLY. WE SERVE AS A VALUED RESOURCE FOR THE GIFTED EDUCATION COMMUNITY IN PHILADELPHIA AND NATIONWIDE.
-
THE GRAYSON SCHOOL PROVIDES GIFTED CHILDREN A CHALLENGING, RESEARCH-BASED EDUCATION WORTHY OF THEIR INTELLECT AND THEIR INTRINSIC DESIRE TO LEARN AND THINK DEEPLY. WE SERVE AS A VALUED RESOURCE FOR THE GIFTED EDUCATION COMMUNITY IN PHILADELPHIA AND NATIONWIDE.
Expenses $7,818,004 · Grants $1,700,536 · Revenue $6,541,959
As filed on the 2023 return.
Listed in Part VII
-
Liad PernockLIAD PERNOCK
CO-CHAIR
- Total calculated
- $0
- Hours/week
- 15
-
Albert B Murphy IIIALBERT B MURPHY III
CO-CHAIR
- Total calculated
- $0
- Hours/week
- 15
-
Jennifer Nance EsqJENNIFER NANCE ESQ
COO
- Total calculated
- $159,256
- From this org
- $153,950
- From related orgs
- $0
- Other
- $5,306
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $153,950
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $0 + $5,306 related
- Filer's total
- $153,950 + $5,306 related
-
Melissa BilashMELISSA BILASH
HEAD OF SCHOOL
- Total calculated
- $245,144
- From this org
- $237,270
- From related orgs
- $0
- Other
- $7,874
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $237,270
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $0 + $7,874 related
- Filer's total
- $237,270 + $7,874 related
-
Karen NoonanKAREN NOONAN
TREASURER
- Total calculated
- $0
- Hours/week
- 5
-
Suzanne CiongoliSUZANNE CIONGOLI
TRUSTEE
- Total calculated
- $0
- Hours/week
- 5
-
Nita SeelingerNITA SEELINGER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 5
-
Sam GreenblattSAM GREENBLATT
TRUSTEE
- Total calculated
- $0
- Hours/week
- 5
-
Tiffani Hurst JDTIFFANI HURST JD
TRUSTEE
- Total calculated
- $0
- Hours/week
- 5
-
Jeff LevinsonJEFF LEVINSON
TRUSTEE
- Total calculated
- $0
- Hours/week
- 5
-
Jill DoughertyJILL DOUGHERTY
TRUSTEE
- Total calculated
- $0
- Hours/week
- 5
-
Barbara HafnerBARBARA HAFNER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 5
-
Joseph S SunJOSEPH S SUN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 5
-
Allison Wilson-MaherALLISON WILSON-MAHER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 5
-
Erica Nemser PhDERICA NEMSER PHD
TRUSTEE
- Total calculated
- $0
- Hours/week
- 5
-
Thomas HessTHOMAS HESS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 5
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
None.
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.
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 7 May 2025
- IRS schema version
- 2023v6.0
- Source object
- 202541289349302364
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