Totals
- Total revenue
- $23,321,274
- Total expenses
- $20,758,357
- Contributions and grants received
- $4,296,130
- Grants paid
- $4,515,199
- Program service revenue
- $16,855,228
- Investment income
- $2,137,638
- Other revenue
- $32,278
- Total assets, end of year
- $78,609,084
- Total liabilities, end of year
- $12,970,239
- Net assets or fund balances, end of year
- $65,638,845
- Program services expenses (Part IX)
- $14,738,277
- Management and general expenses
- $5,229,649
- Fundraising expenses
- $790,431
- Program service expenses (Part III)
- $14,738,277
Program services were 71.0% 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
$4,296,130
-
1g · Noncash contributions included above
$120,621
-
2a · Program service revenue: TUITION AND FEES
total $15,647,282 · related or exempt $15,647,282
-
2b · Program service revenue: SUMMER PROGRAMS
total $869,073 · related or exempt $827,823 · unrelated business $41,250
-
2c · Program service revenue: TUTORING
total $224,862 · related or exempt $224,862
-
2d · Program service revenue: LAND USE REVENUE
total $113,931 · related or exempt $113,931
-
2e · Program service revenue: ELM CHILDCARE TUITION
total $80 · related or exempt $80
-
3 · Investment income
total $1,102,493 · excluded $1,102,493
-
7a · Gross sales of assets other than inventory
securities $7,299,922
-
7b · Less cost or other basis and sales expenses
securities $6,264,777
-
7c · Gain or loss
securities $1,035,145
-
7d · Net gain or loss
total $1,035,145 · excluded $1,035,145
-
10a · Gross sales of inventory
$23,601
-
10b · Cost of goods sold
$1,561
-
10c · Net income from sales of inventory
total $22,040 · related or exempt $22,040
-
11a · Other revenue: APPLICATION FEES
total $10,200 · related or exempt $10,200
-
11b · Other revenue: OTHER REVENUE
total $38 · excluded $38
-
11e · Other revenue, total
$10,238
Functional expenses
Part IX, the statement of functional expenses.
-
2 · Grants to domestic individuals
total $4,515,199 · program services $4,515,199
-
5 · Compensation of officers, directors and key employees
total $906,914 · program services $225,229 · management and general $681,685
-
7 · Other salaries and wages
total $6,029,312 · program services $4,866,686 · management and general $673,778 · fundraising $488,848
-
8 · Pension plan contributions
total $326,321 · program services $258,929 · management and general $34,140 · fundraising $33,252
-
9 · Other employee benefits
total $1,099,820 · program services $889,392 · management and general $142,011 · fundraising $68,417
-
10 · Payroll taxes
total $489,072 · program services $370,744 · management and general $84,808 · fundraising $33,520
-
11b · Fees: legal
total $86,520 · management and general $86,520
-
11c · Fees: accounting
total $73,515 · management and general $73,515
-
11f · Fees: investment management
total $177,652 · management and general $177,652
-
11g · Fees: other
total $559,171 · program services $472,655 · management and general $78,216 · fundraising $8,300
-
12 · Advertising and promotion
total $520,395 · program services $30,859 · management and general $489,536
-
13 · Office expenses
total $1,000,707 · program services $761,944 · management and general $170,650 · fundraising $68,113
-
14 · Information technology
total $282,440 · program services $164,609 · management and general $91,169 · fundraising $26,662
-
16 · Occupancy
total $1,300,409 · program services $1,236,324 · management and general $64,085
-
17 · Travel
total $241,243 · program services $109,657 · management and general $95,433 · fundraising $36,153
-
20 · Interest
total $305,557 · management and general $305,557
-
22 · Depreciation, depletion and amortization
total $1,343,713 · management and general $1,343,713
-
23 · Insurance
total $462,752 · program services $10,598 · management and general $452,154
-
24a · Other expenses: FOOD
total $566,913 · program services $566,913
-
24b · Other expenses: ATHLETICS
total $77,068 · program services $77,068
-
24c · Other expenses: PROFESSIONAL DEVELOPMEN
total $41,760 · program services $27,315 · management and general $14,445
-
24e · All other expenses
total $351,904 · program services $154,156 · management and general $170,582 · fundraising $27,166
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $4,619,922 · end of year $2,800,222
-
2 · Savings and temporary cash investments
beginning of year $2,263,211 · end of year $20,375
-
3 · Pledges and grants receivable
beginning of year $932,126 · end of year $2,134,851
-
8 · Inventories for sale or use
beginning of year $164,717 · end of year $177,872
-
9 · Prepaid expenses and deferred charges
beginning of year $182,321 · end of year $139,161
-
10a · Land, buildings and equipment: cost or other basis
$58,068,669
-
10b · Land, buildings and equipment: accumulated depreciation
$26,066,619
-
10c · Land, buildings and equipment, net
beginning of year $24,308,128 · end of year $32,002,050
-
11 · Investments: publicly traded securities
beginning of year $40,486,350 · end of year $40,789,039
-
15 · Other assets
beginning of year $545,514 · end of year $545,514
-
17 · Accounts payable and accrued expenses
beginning of year $2,394,987 · end of year $1,001,878
-
19 · Deferred revenue
beginning of year $2,153,944 · end of year $2,901,386
-
20 · Tax-exempt bond liabilities
beginning of year $6,522,212 · end of year $8,255,020
-
23 · Secured mortgages and notes payable
beginning of year $635,513 · end of year $610,939
-
25 · Other liabilities
beginning of year $168,315 · end of year $201,016
-
27 · Net assets without donor restrictions
beginning of year $29,995,451 · end of year $35,317,287
-
28 · Net assets with donor restrictions
beginning of year $31,631,867 · end of year $30,321,558
Mission and programs · 2023
Mission
THE ORGANIZATION IS COMMITTED TO DEVELOPING EACH STUDENT'S FULL INTELLECTUAL, ARTISTIC AND PHYSICAL POTENTIAL. STUDENTS ARE ENCOURAGED TO CHALLENGE THEMSELVES INTELLECTUALLY, TO PURSUE RIGOROUS LEARNING FOR ITS OWN SAKE, (SEE SCHEDULE O)THE ORGANIZATION IS COMMITTED TO DEVELOPING EACH STUDENT'S FULL INTELLECTUAL, ARTISTIC AND PHYSICAL POTENTIAL. STUDENTS ARE ENCOURAGED TO CHALLENGE THEMSELVES INTELLECTUALLY, TO PURSUE RIGOROUS LEARNING FOR ITS OWN SAKE, TO ACTIVELY PARTICIPATE IN AND APPRECIATE THE ARTS, TO CONTRIBUTE MEANINGFULLY TO THE WORK PROGRAM THAT SUSTAINS THE SCHOOL COMMUNITY AND THE FARM ON WHICH IT IS LOCATED, TO ENGAGE IN VIGOROUS ATHLETICS, AND TO DEVELOP A SOCIAL CONSCIOUSNESS AND WORLD VIEW THAT WILL PROVIDE THE FOUNDATION FOR LIFE-LONG MORAL AND INTELLECTUAL GROWTH.
Activities or mission (Part I)
INDEPENDENT, COEDUCATIONAL BOARDING AND DAY SECONDARY SCHOOL.
-
THE PUTNEY SCHOOL PROVIDES AN EDUCATIONAL PROGRAM FOR APPROXIMATELY 165 BOARDING AND 61 DAY HIGH SCHOOL STUDENTS.
Expenses $14,738,277 · Grants $4,515,199 · Revenue $16,846,218
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Daniel O'BrienDANIEL O'BRIEN
HEAD OF SCHOOL/TRUSTEE
- Total calculated
- $328,507
- From this org
- $308,064
- From related orgs
- $0
- Other
- $20,443
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $308,064
- Bonus
- $0
- Other
- $0
- Deferred
- $7,889
- Nontaxable benefits
- $12,554
- Filer's total
- $328,507
-
Abigail Verney-FinkABIGAIL VERNEY-FINK
FACULTY TRUSTEE
- Total calculated
- $76,940
- From this org
- $49,662
- From related orgs
- $0
- Other
- $27,278
- Hours/week
- 40
-
Carol HodgmanCAROL HODGMAN
FACULTY TRUSTEE
- Total calculated
- $75,124
- From this org
- $59,017
- From related orgs
- $0
- Other
- $16,107
- Hours/week
- 40
-
Joshua LaughlinJOSHUA LAUGHLIN
CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Elizabeth BlaylockELIZABETH BLAYLOCK
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Natasha ByusNATASHA BYUS
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Caitlin Baggott DavisCAITLIN BAGGOTT DAVIS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Drew BeresfordDREW BERESFORD
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Laura E BernerLAURA E BERNER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Dinah Buechner-VischerDINAH BUECHNER-VISCHER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Cyane B DandridgeCYANE B DANDRIDGE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Heather FreedmanHEATHER FREEDMAN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Rebecca GearyREBECCA GEARY
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Ethan GrayETHAN GRAY
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Yiru Steven JiangYIRU STEVEN JIANG
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Jennifer JustJENNIFER JUST
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Jonathan LashJONATHAN LASH
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
John MacIntoshJOHN MACINTOSH
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Innocent Ndubuisi ObiINNOCENT NDUBUISI OBI
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Bob RaynoldsBOB RAYNOLDS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Kelly ReeseKELLY REESE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Marni RosnerMARNI ROSNER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Thomas Steele-MaleyTHOMAS STEELE-MALEY
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Tonia WheelerTONIA WHEELER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Charlie YoungCHARLIE YOUNG
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Randall SmithRANDALL SMITH
TREASURER/CFO (LEFT 10/23)
- Total calculated
- $231,378
- From this org
- $208,665
- From related orgs
- $0
- Other
- $22,713
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $208,665
- Bonus
- $0
- Other
- $0
- Deferred
- $10,433
- Nontaxable benefits
- $12,280
- Filer's total
- $231,378
-
Stephanie HarkinsSTEPHANIE HARKINS
TREASURER/CFO
- Total calculated
- $135,833
- From this org
- $125,309
- From related orgs
- $0
- Other
- $10,524
- Hours/week
- 40
-
Katy WolfeKATY WOLFE
CLERK
- Total calculated
- $81,768
- From this org
- $64,290
- From related orgs
- $0
- Other
- $17,478
- Hours/week
- 40
-
Kevin ChamneyKEVIN CHAMNEY
DIRECTOR OF TECHNOLOGY
- Total calculated
- $134,579
- From this org
- $113,040
- From related orgs
- $0
- Other
- $21,539
- Hours/week
- 40
-
John BarrengosJOHN BARRENGOS
DIRECTOR OF ADMISSIONS
- Total calculated
- $174,930
- From this org
- $154,386
- From related orgs
- $0
- Other
- $20,544
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $154,386
- Bonus
- $0
- Other
- $0
- Deferred
- $7,719
- Nontaxable benefits
- $12,825
- Filer's total
- $174,930
-
Kayla YannatosKAYLA YANNATOS
DIRECTOR OF DEVELOPMENT
- Total calculated
- $151,653
- From this org
- $128,802
- From related orgs
- $0
- Other
- $22,851
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $128,802
- Bonus
- $0
- Other
- $0
- Deferred
- $10,304
- Nontaxable benefits
- $12,547
- Filer's total
- $151,653
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
- 1b · Written policy on the line-1a expenses
- 2 · Substantiation required before reimbursing expenses
- 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
- CERTAIN FACULTY ARE REQUIRED TO LIVE ON CAMPUS AS A CONDITION OF THEIR EMPLOYMENT. A NON-TAXABLE HOUSING BENEFIT IS INCLUDED IN SCHEDULE J, PART II, COLUMN E AND/OR FORM 990, PART VII, COLUMN F FOR THE FOLLOWING INDIVIDUALS: RANDALL SMITH AND DANIEL O'BRIEN.
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
- 15 May 2025
- IRS schema version
- 2023v6.0
- Source object
- 202501359349310410
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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