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Nonprofiteer
← KENT PLACE SCHOOL

Form 990 for tax year 2023

Filed by KENT PLACE SCHOOL.

This return was superseded by a later amendment. matched by us It is kept because history is preserved rather than replaced.

What the amendment changed

Compared with the latest return for 2023 , filed 17 April 2026. matched by us Only the Part I totals and the names listed in Part VII are compared. We relate returns by organization, tax year and form, and order them by each return's own timestamp; the filer's own "amended return" checkbox is a separate fact.

Both are the same on the two returns, so the amendment changed something else.

Totals

Total revenue
$44,844,631
Total expenses
$40,806,360
Contributions and grants received
$4,880,992
Grants paid
$4,273,163
Program service revenue
$36,239,041
Investment income
$3,197,050
Other revenue
$527,548
Total assets, end of year
$81,246,988
Total liabilities, end of year
$10,603,255
Net assets or fund balances, end of year
$70,643,733
Program services expenses (Part IX)
$29,883,537
Management and general expenses
$7,676,137
Fundraising expenses
$3,246,686
Program service expenses (Part III)
$29,883,537

Program services were 73.2% 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

    $17,551

  • 1f · All other contributions, gifts and grants

    $4,863,441

  • 1g · Noncash contributions included above

    $317,903

  • 2a · Program service revenue: TUITION AND FEES

    total $34,567,014 · related or exempt $34,567,014

  • 2b · Program service revenue: AUXILIARY SERVICES

    total $1,672,027 · related or exempt $1,672,027

  • 3 · Investment income

    total $1,040,366 · unrelated business $14,293 · excluded $1,026,073

  • 6a · Gross rents

    real property $324,739

  • 6b · Less rental expenses

    real property $33,774

  • 6c · Rental income or loss

    real property $290,965

  • 6d · Net rental income or loss

    total $290,965 · excluded $290,965

  • 7a · Gross sales of assets other than inventory

    securities $8,638,273

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

    securities $6,481,589

  • 7c · Gain or loss

    securities $2,156,684

  • 7d · Net gain or loss

    total $2,156,684 · unrelated business $1,168 · excluded $2,155,516

  • 8a · Fundraising events: gross income

    $106,988

  • 8a · Fundraising events: contributions included on line 1c

    $17,551

  • 8b · Fundraising events: direct expenses

    $66,693

  • 8c · Net income from fundraising events

    total $40,295 · excluded $40,295

  • 10a · Gross sales of inventory

    $201,283

  • 10b · Cost of goods sold

    $125,096

  • 10c · Net income from sales of inventory

    total $76,187 · related or exempt $76,187

  • 11a · Other revenue: OTHER REVENUE

    total $84,860 · excluded $84,860

  • 11b · Other revenue: TUITION FORFEITURE

    total $35,241 · excluded $35,241

  • 11e · Other revenue, total

    $120,101

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $4,273,163 · program services $4,273,163

  • 5 · Compensation of officers, directors and key employees

    total $1,476,840 · program services $110,621 · management and general $838,996 · fundraising $527,223

  • 7 · Other salaries and wages

    total $18,495,184 · program services $13,766,655 · management and general $3,645,894 · fundraising $1,082,635

  • 8 · Pension plan contributions

    total $1,284,678 · program services $929,797 · management and general $278,907 · fundraising $75,974

  • 9 · Other employee benefits

    total $2,432,601 · program services $1,740,421 · management and general $527,108 · fundraising $165,072

  • 10 · Payroll taxes

    total $1,713,814 · program services $1,195,785 · management and general $383,713 · fundraising $134,316

  • 11b · Fees: legal

    total $97,289 · program services $12,422 · management and general $84,867

  • 11c · Fees: accounting

    total $125,300 · management and general $125,300

  • 11e · Fees: professional fundraising services

    total $66,146 · fundraising $66,146

  • 11f · Fees: investment management

    total $102,553 · management and general $102,553

  • 11g · Fees: other

    total $404,132 · program services $131,969 · management and general $272,163

  • 12 · Advertising and promotion

    total $153,959 · program services $11,292 · management and general $75,352 · fundraising $67,315

  • 13 · Office expenses

    total $1,179,466 · program services $750,887 · management and general $158,853 · fundraising $269,726

  • 14 · Information technology

    total $575,964 · program services $282,933 · management and general $143,455 · fundraising $149,576

  • 16 · Occupancy

    total $523,133 · program services $441,289 · management and general $54,883 · fundraising $26,961

  • 17 · Travel

    total $434,198 · program services $371,943 · management and general $23,530 · fundraising $38,725

  • 22 · Depreciation, depletion and amortization

    total $2,693,337 · program services $2,212,450 · management and general $322,472 · fundraising $158,415

  • 24a · Other expenses: REPAIRS AND MAINTENANCE

    total $1,429,610 · program services $1,211,211 · management and general $135,328 · fundraising $83,071

  • 24b · Other expenses: EDUCATIONAL PROGRAM

    total $1,411,438 · program services $1,240,335 · management and general $110,605 · fundraising $60,498

  • 24c · Other expenses: DINING SERVICE FEES

    total $974,417 · program services $974,417

  • 24d · Other expenses: OTHER OPERATING EXPENSE

    total $615,252 · program services $58,650 · management and general $221,009 · fundraising $335,593

  • 24e · All other expenses

    total $343,886 · program services $167,297 · management and general $171,149 · fundraising $5,440

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,420,133 · end of year $2,084,867

  • 2 · Savings and temporary cash investments

    beginning of year $3,080,969 · end of year $10,372,219

  • 3 · Pledges and grants receivable

    beginning of year $3,378,554 · end of year $3,844,119

  • 4 · Accounts receivable

    beginning of year $128,159 · end of year $493,725

  • 8 · Inventories for sale or use

    beginning of year $92,369 · end of year $73,200

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,767,333 · end of year $1,616,067

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

    $73,141,049

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

    $32,875,785

  • 10c · Land, buildings and equipment, net

    beginning of year $40,871,272 · end of year $40,265,264

  • 11 · Investments: publicly traded securities

    beginning of year $20,133,362 · end of year $14,844,972

  • 12 · Investments: other securities

    beginning of year $4,764,007 · end of year $6,831,583

  • 15 · Other assets

    beginning of year $103,164 · end of year $820,972

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,872,405 · end of year $2,969,353

  • 19 · Deferred revenue

    beginning of year $4,390,651 · end of year $4,168,248

  • 20 · Tax-exempt bond liabilities

    beginning of year $3,643,831 · end of year $3,465,654

  • 27 · Net assets without donor restrictions

    beginning of year $41,033,830 · end of year $41,625,241

  • 28 · Net assets with donor restrictions

    beginning of year $24,798,605 · end of year $29,018,492

Mission and programs · 2023

Mission

FOR 130 YEARS, KENT PLACE SCHOOL HAS EMPOWERED GIRLS TO BE CONFIDENT, INTELLECTUAL, AND ETHICAL LEADERS WHO ADVANCE THE WORLD.

Activities or mission (Part I)

THE ONLY NONSECTARIAN GIRLS' DAY SCHOOL IN NJ, KENT PLACE SCHOOL PROVIDES A RIGOROUS AND FULFILLING EDUCATION FOR 600+ STUDENTS IN KINDERGARTEN THROUGH GRADE 12 WITH A COED PRESCHOOL.

  • OUR KENT PLACE CURRICULUM AND PROGRAMS ARE RICH IN OPPORTUNITIES FOR STUDENTS TO DEVELOP ETHICAL DECISION-MAKING, CRITICAL THINKING, AND PROBLEM-SOLVING SKILLS. WE PROMOTE INTEGRITY, INITIATIVE, AND INCLUSION THROUGHOUT ALL OF THE SCHOOLING YEARS. OUR STUDENTS TAKE ON INCREASINGLY PROFOUND LEADERSHIP OPPORTUNITIES THAT FOSTER COLLABORATION AND SELF-AWARENESS WHILE ALSO CULTIVATING COMPASSION AND EMPATHY. WE BELIEVE THAT THE LESSONS AND VALUES ENCOURAGED BY OUR MULTI-TALENTED FACULTY PREPARE EACH STUDENT TO BE AN ACTIVE CONTRIBUTOR TO THE LARGER WORLD BEYOND KENT PLACE. KENT PLACE IS HOME TO A WIDE ARRAY OF CURRICULAR AND COCURRICULAR ACTIVITIES, AS WELL AS OUR SIGNATURE PROGRAMS SUCH AS THE GIRLS' LEADERSHIP INSTITUTE AND OUR RENOWNED ETHICS INSTITUTE, WHICH PROMOTES THE PROCESS AND PRACTICE OF ETHICAL DECISION-MAKING IN PRIMARY AND SECONDARY SCHOOL COMMUNITIES. KENT PLACE ALSO OFFERS A TRADITIONAL SUMMER DAY CAMP, AFTERSCHOOL PROGRAMS, AND ENRICHMENT CLASSES.

    Expenses $29,883,537 · Grants $4,273,163 · Revenue $36,315,228

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Anne Grissinger

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Jennifer T Grogan

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Nancy H Van Duyne

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Katie Machir

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Suneet Varma

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Rahul Goyal

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Lawrence D Johnson II

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Kc Artemenko

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Yemi-Benedict Vatel

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Maria Brugg

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Todd C Builione

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Elizabeth Chrystal

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Betsy Crosby

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Carlos Cruz

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Nicole G Epps

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Patricia Grushkin

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Shane Harris

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Claudia Hirawat

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Ping Ji

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Brooke Lessinger

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Katherine Lynch

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Lynn Magrane

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Beverly B Mills

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Usha Puglianda

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Benjamin Seelaus

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Jenny Shilling

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Alexandra Walter

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • James Wu

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Jennifer C Galambos

    HEAD OF SCHOOL

    Total calculated
    $707,159
    From this org
    $498,419
    From related orgs
    $0
    Other
    $208,740
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $470,923
    Bonus
    $0
    Other
    $27,496
    Deferred
    $27,000
    Nontaxable benefits
    $181,740
    Filer's total
    $707,159

  • Matthew Park Chief Financial

    & OPERATING OFFICER AS OF JUNE 2024

    Total calculated
    $0
    Hours/week
    40

  • Genevieve Madigan Chief Finan

    & OPERATING OFFICER THRU JUNE 2024

    Total calculated
    $351,034
    From this org
    $289,164
    From related orgs
    $0
    Other
    $61,870
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $289,164
    Bonus
    $0
    Other
    $0
    Deferred
    $24,544
    Nontaxable benefits
    $37,326
    Filer's total
    $351,034

  • Allison Brunhouse

    CHIEF ENROLLMENT & STRATEGY OFFICER

    Total calculated
    $237,430
    From this org
    $206,765
    From related orgs
    $0
    Other
    $30,665
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $206,765
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $30,665
    Filer's total
    $237,430

  • Coral Brooks

    CHIEF ADVANCEMENT OFFICER

    Total calculated
    $298,889
    From this org
    $227,561
    From related orgs
    $0
    Other
    $71,328
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $227,561
    Bonus
    $0
    Other
    $0
    Deferred
    $19,968
    Nontaxable benefits
    $51,360
    Filer's total
    $298,889

  • Karen Rezach

    DIRECTOR OF THE ETHICS INSTITUTE

    Total calculated
    $261,127
    From this org
    $217,945
    From related orgs
    $0
    Other
    $43,182
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $214,345
    Bonus
    $0
    Other
    $3,600
    Deferred
    $27,170
    Nontaxable benefits
    $16,012
    Filer's total
    $261,127

  • Jennifer Simpson

    DIRECTOR OF COLLEGE ADVISING

    Total calculated
    $240,659
    From this org
    $209,737
    From related orgs
    $0
    Other
    $30,922
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $209,737
    Bonus
    $0
    Other
    $0
    Deferred
    $27,170
    Nontaxable benefits
    $3,752
    Filer's total
    $240,659

  • Julia Morgan Asst Head

    OF SCHOOL, TEACHING & LEARNING

    Total calculated
    $280,943
    From this org
    $202,919
    From related orgs
    $0
    Other
    $78,024
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $202,919
    Bonus
    $0
    Other
    $0
    Deferred
    $26,802
    Nontaxable benefits
    $51,222
    Filer's total
    $280,943

  • Christopher Bonner

    DIRECTOR OF OPERATIONS

    Total calculated
    $201,285
    From this org
    $179,083
    From related orgs
    $0
    Other
    $22,202
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $179,083
    Bonus
    $0
    Other
    $0
    Deferred
    $9,100
    Nontaxable benefits
    $13,102
    Filer's total
    $201,285

  • Victoria Browne

    DIRECTOR OF ATHLETICS

    Total calculated
    $228,136
    From this org
    $174,369
    From related orgs
    $0
    Other
    $53,767
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $174,369
    Bonus
    $0
    Other
    $0
    Deferred
    $9,273
    Nontaxable benefits
    $44,494
    Filer's total
    $228,136

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

  • 1a · Housing allowance or residence for personal use
  • 1a · Health or social club dues or initiation fees
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 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

The filer's explanations (Part III)

PART I, LINE 1A
AS OUTLINED IN THE EMPLOYMENT AGREEMENTS WITH THE SCHOOL, THE HEAD OF SCHOOL IS REQUIRED TO RESIDE ON CAMPUS TO MEET THE ONGOING NEEDS OF THE SCHOOL COMMUNITY UNDER SECTION 119. THE SCHOOL PROVIDED THE HEAD OF SCHOOL WITH A HOUSING ALLOWANCE IN THE AMOUNT OF $155,342. THE HOUSING ALLOWANCE WAS TREATED AS NONTAXABLE COMPENSATION AND REPORTED ON SCHEDULE J, PART II, COLUMN D. THE HEAD OF SCHOOL WAS REIMBURSED $5,000 FOR THE COST OF A TENNIS CLUB MEMBERSHIP, USED FOR THE BENEFIT OF THE SCHOOL. THIS BENEFIT IS NONTAXABLE AND REPORTED ON SCHEDULE J, PART II, COLUMN D.

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
5 May 2025
IRS schema version
2023v6.0
Source object
202501259349302525

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