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← COLUMBIA GRAMMAR & PREPARATORY SCHOOL

Form 990 for tax year 2022

Filed by COLUMBIA GRAMMAR & PREPARATORY SCHOOL.

Totals

Total revenue
$83,746,706
Total expenses
$75,870,069
Contributions and grants received
$7,791,429
Grants paid
$9,028,262
Program service revenue
$72,683,395
Investment income
$2,284,679
Other revenue
$987,203
Total assets, end of year
$143,591,804
Total liabilities, end of year
$18,847,913
Net assets or fund balances, end of year
$124,743,891
Program services expenses (Part IX)
$64,871,348
Management and general expenses
$9,737,539
Fundraising expenses
$1,261,182
Program service expenses (Part III)
$64,871,348

Program services were 85.5% 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

    $682,433

  • 1e · Government grants (contributions)

    $1,337,559

  • 1f · All other contributions, gifts and grants

    $5,771,437

  • 1g · Noncash contributions included above

    $181,764

  • 2a · Program service revenue: STUDENT TUITION & FEES

    total $71,704,020 · related or exempt $71,704,020

  • 2b · Program service revenue: AFTER SCHOOL

    total $870,880 · related or exempt $870,880

  • 2c · Program service revenue: STUDENTS ACTIVITY

    total $108,495 · related or exempt $108,495

  • 3 · Investment income

    total $2,076,534 · excluded $2,076,534

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0

  • 5 · Royalties

    total $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 6d · Net rental income or loss

    total $0

  • 7a · Gross sales of assets other than inventory

    securities $74,871,069

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

    securities $74,662,924

  • 7c · Gain or loss

    securities $208,145

  • 7d · Net gain or loss

    total $208,145 · excluded $208,145

  • 8a · Fundraising events: gross income

    $600,701

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

    $682,433

  • 8b · Fundraising events: direct expenses

    $385,925

  • 8c · Net income from fundraising events

    total $214,776 · excluded $214,776

  • 9a · Gaming: gross income

    $0

  • 9b · Gaming: direct expenses

    $0

  • 9c · Net income from gaming

    total $0

  • 10a · Gross sales of inventory

    $0

  • 10b · Cost of goods sold

    $0

  • 10c · Net income from sales of inventory

    total $0

  • 11a · Other revenue: FINANCE CHARGES

    total $134,135 · excluded $134,135

  • 11b · Other revenue: INSURANCE REFUND

    total $10,756 · excluded $10,756

  • 11c · Other revenue: OTHER

    total $627,536 · excluded $627,536

  • 11e · Other revenue, total

    $772,427

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $0

  • 2 · Grants to domestic individuals

    total $9,028,262 · program services $9,028,262

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $2,433,359 · program services $778,675 · management and general $1,654,684

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $35,252,959 · program services $30,682,367 · management and general $4,062,101 · fundraising $508,491

  • 8 · Pension plan contributions

    total $2,361,592 · program services $2,059,654 · management and general $267,795 · fundraising $34,143

  • 9 · Other employee benefits

    total $5,999,787 · program services $5,126,608 · management and general $789,213 · fundraising $83,966

  • 10 · Payroll taxes

    total $2,596,815 · program services $2,182,130 · management and general $379,305 · fundraising $35,380

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $213,951 · management and general $213,951

  • 11c · Fees: accounting

    total $79,668 · management and general $79,668

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $22,619 · management and general $22,619

  • 11g · Fees: other

    total $1,736,796 · program services $1,392,850 · management and general $322,038 · fundraising $21,908

  • 12 · Advertising and promotion

    total $0

  • 13 · Office expenses

    total $5,565,667 · program services $4,523,783 · management and general $637,346 · fundraising $404,538

  • 14 · Information technology

    total $0

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $830,553 · program services $649,239 · management and general $176,574 · fundraising $4,740

  • 17 · Travel

    total $0

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $0

  • 20 · Interest

    total $0

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $4,311,016 · program services $4,013,710 · management and general $261,437 · fundraising $35,869

  • 23 · Insurance

    total $395,343 · program services $290,274 · management and general $100,046 · fundraising $5,023

  • 24a · Other expenses: CAFETERIA

    total $2,772,133 · program services $2,772,133

  • 24b · Other expenses: STUDENT ACTIVITIES

    total $778,356 · program services $778,356

  • 24c · Other expenses: EVENTS

    total $121,822 · fundraising $121,822

  • 24d · Other expenses: OTHER

    total $1,369,371 · program services $593,307 · management and general $770,762 · fundraising $5,302

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,175,792 · end of year $3,351,585

  • 2 · Savings and temporary cash investments

    beginning of year $69,641,537 · end of year $76,953,007

  • 3 · Pledges and grants receivable

    beginning of year $196,020 · end of year $2,087,129

  • 4 · Accounts receivable

    beginning of year $96,611 · end of year $463,124

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $0 · end of year $0

  • 8 · Inventories for sale or use

    beginning of year $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $948,209 · end of year $949,905

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

    $116,752,109

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

    $59,183,156

  • 10c · Land, buildings and equipment, net

    beginning of year $59,463,896 · end of year $57,568,953

  • 11 · Investments: publicly traded securities

    beginning of year $0 · end of year $0

  • 12 · Investments: other securities

    beginning of year $0 · end of year $0

  • 13 · Investments: program-related

    beginning of year $0 · end of year $0

  • 14 · Intangible assets

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $0 · end of year $2,218,101

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,400,343 · end of year $2,418,719

  • 18 · Grants payable

    beginning of year $0 · end of year $0

  • 19 · Deferred revenue

    beginning of year $13,292,162 · end of year $13,845,730

  • 20 · Tax-exempt bond liabilities

    beginning of year $0 · end of year $0

  • 21 · Escrow or custodial account liability

    beginning of year $0 · end of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $0 · end of year $0

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $345,416 · end of year $2,583,464

  • 27 · Net assets without donor restrictions

    beginning of year $113,926,045 · end of year $120,040,622

  • 28 · Net assets with donor restrictions

    beginning of year $2,558,099 · end of year $4,703,269

Mission and programs · 2022

Mission

FOUNDED IN 1764, COLUMBIA GRAMMAR AND PREPARATORY SCHOOL IS COMMITTED TO A RIGOROUS AND COMPREHENSIVE COLLEGE PREPARATORY CURRICULUM WITH A SERIOUS EMPHASIS ON ART, MUSIC AND DRAMA. THE ACADEMIC PROGRAM IS STRUCTURED AND BALANCED WITHIN THE LIBERAL ARTS AND SCIENCES IN ORDER TO DEVELOP A STUDENT'S INTELLECTUAL POTENTIAL TO ITS FULLEST FOR COLLEGE AND BEYOND. THE PROGRAM INCLUDES ENGLISH, LANGUAGE ARTS, FOREIGN LANGUAGE INSTRUCTION, MATHEMATICS, THE SCIENCES, CURRENT AND HISTORICAL SOCIAL STUDIES, PHYSICAL EDUCATION, TECHNOLOGY AND THE FINE ARTS. AT THE SAME TIME, THE SCHOOL RECOGNIZES ITS FUNDAMENTAL RESPONSIBILITY TO DEVELOP GOOD CHARACTER, STANDARDS OF CONDUCT AND A SENSE OF SOCIAL RESPONSIBILITY. WITHIN THE SCHOOL COMMUNITY, THE DEVELOPMENT OF GOOD CITIZENSHIP IN OUR STUDENTS IS REGARDED AS A CRUCIAL AND INTEGRAL PART OF THEIR EDUCATION.

Activities or mission (Part I)

TO PROVIDE A CONTINUOUS EDUCATION PROGRAM FOR BOYS AND GIRLS FROM PRESCHOOL THROUGH HIGH SCHOOL.

  • EDUCATIONAL ACTIVITIES FOR PRE-K THROUGH 12TH GRADES IN THE AREAS OF ENGLISH, HISTORY, MATHEMATICS, SCIENCE, FOREIGN LANGUAGE, MUSIC, AND OTHER ELECTIVES TO ENABLE STUDENTS TO EXCEL AND BECOME SUCCESSFUL. DURING THE YEAR, 1,185 STUDENTS WERE ENROLLED IN THE SCHOOL.

    Expenses $64,871,348 · Grants $9,028,262 · Revenue $72,683,395

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Dr William Donohue

    Head of School

    Total calculated
    $718,129
    From this org
    $693,729
    From related orgs
    $0
    Other
    $24,400
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $693,500
    Bonus
    not reported
    Other
    $229
    Deferred
    $24,400
    Nontaxable benefits
    not reported
    Filer's total
    $718,129

  • Sharonah Volkowitz

    Chief Financial Officer

    Total calculated
    $405,940
    From this org
    $340,651
    From related orgs
    $0
    Other
    $65,289
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $340,591
    Bonus
    not reported
    Other
    $60
    Deferred
    $24,067
    Nontaxable benefits
    $41,222
    Filer's total
    $405,940

  • Sarah McLean

    Grammar School Director

    Total calculated
    $315,738
    From this org
    $248,416
    From related orgs
    $0
    Other
    $67,322
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $248,326
    Bonus
    not reported
    Other
    $90
    Deferred
    $20,765
    Nontaxable benefits
    $46,557
    Filer's total
    $315,738

  • Scott Wilson

    Prep School Director

    Total calculated
    $309,879
    From this org
    $246,643
    From related orgs
    $0
    Other
    $63,236
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $246,583
    Bonus
    not reported
    Other
    $60
    Deferred
    $20,500
    Nontaxable benefits
    $42,736
    Filer's total
    $309,879

  • Athanassios Hristidis

    Dir. of Maint. (through 2/23)

    Total calculated
    $304,665
    From this org
    $234,792
    From related orgs
    $0
    Other
    $69,873
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $234,396
    Bonus
    not reported
    Other
    $396
    Deferred
    $20,017
    Nontaxable benefits
    $49,856
    Filer's total
    $304,665

  • Rey Fernandez

    Assistant Head of School

    Total calculated
    $284,129
    From this org
    $226,889
    From related orgs
    $0
    Other
    $57,240
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $226,799
    Bonus
    not reported
    Other
    $90
    Deferred
    $19,320
    Nontaxable benefits
    $37,920
    Filer's total
    $284,129

  • Adam Gerson

    Director of Technology

    Total calculated
    $277,978
    From this org
    $219,013
    From related orgs
    $0
    Other
    $58,965
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $218,953
    Bonus
    not reported
    Other
    $60
    Deferred
    $18,131
    Nontaxable benefits
    $40,834
    Filer's total
    $277,978

  • VICTOR PUCCIO

    PREP SCHOOL DEAN

    Total calculated
    $275,487
    From this org
    $209,782
    From related orgs
    $0
    Other
    $65,705
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $209,524
    Bonus
    not reported
    Other
    $258
    Deferred
    $17,293
    Nontaxable benefits
    $48,412
    Filer's total
    $275,487

  • Carrie Salvatore

    Director of Admission

    Total calculated
    $275,247
    From this org
    $239,917
    From related orgs
    $0
    Other
    $35,330
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $239,779
    Bonus
    not reported
    Other
    $138
    Deferred
    $18,952
    Nontaxable benefits
    $16,378
    Filer's total
    $275,247

  • Paul Baly

    Middle School Director

    Total calculated
    $271,069
    From this org
    $237,983
    From related orgs
    $0
    Other
    $33,086
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $237,893
    Bonus
    not reported
    Other
    $90
    Deferred
    $18,858
    Nontaxable benefits
    $14,228
    Filer's total
    $271,069

  • Patti Cohen

    Director of College Counseling

    Total calculated
    $255,825
    From this org
    $217,936
    From related orgs
    $0
    Other
    $37,889
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $217,174
    Bonus
    not reported
    Other
    $762
    Deferred
    $17,720
    Nontaxable benefits
    $20,169
    Filer's total
    $255,825

  • Andrew Zaro

    Board Chair

    Total calculated
    $0
    Hours/week
    6

  • Meredith Verona

    President

    Total calculated
    $0
    Hours/week
    1

  • Marielle Safra

    Senior Vice President

    Total calculated
    $0
    Hours/week
    1

  • Astrid Sabellerosa

    Vice President

    Total calculated
    $0
    Hours/week
    1

  • Dana Landis Birnbaum

    Vice President

    Total calculated
    $0
    Hours/week
    1

  • Joseph Tahl

    Vice President

    Total calculated
    $0
    Hours/week
    1

  • Leslee Cowen

    Vice President

    Total calculated
    $0
    Hours/week
    1

  • Becky Banyasz

    Secretary

    Total calculated
    $0
    Hours/week
    1

  • Benjamin Pass

    Treasurer

    Total calculated
    $0
    Hours/week
    1

  • Alexander Knaster

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Danielle Wollman

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Danny Damaghi

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Dr Alan Carver

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Dr Sheeraz Qureshi

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Edward Stern

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Ira Schwartz

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • James Demare

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Jonathan Moller

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Margaret Jones

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Meredith Sotoloff

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Sanford Heller

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Stephen Hanson

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Susie Davis

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Tom Tao

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Tracy Maitland

    Board Member

    Total calculated
    $0
    Hours/week
    1

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 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Form 990 of other organizations
  • 3 · Written employment contract
  • 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

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
2022
Filed
30 April 2024
IRS schema version
2022v5.0
Source object
202431359349311353

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