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← TRINITY-PAWLING SCHOOL CORPORATION

Form 990 for tax year 2022

Filed by TRINITY-PAWLING SCHOOL CORPORATION.

Totals

Total revenue
$26,014,937
Total expenses
$26,165,041
Contributions and grants received
$4,159,089
Grants paid
$5,185,515
Program service revenue
$17,050,034
Investment income
$3,326,415
Other revenue
$1,479,399
Total assets, end of year
$106,851,711
Total liabilities, end of year
$16,408,473
Net assets or fund balances, end of year
$90,443,238
Program services expenses (Part IX)
$19,961,867
Management and general expenses
$5,229,812
Fundraising expenses
$973,362
Program service expenses (Part III)
$19,961,867

Program services were 76.3% 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

    $4,159,089

  • 1g · Noncash contributions included above

    $178,171

  • 2a · Program service revenue: INSTRUCTIONAL

    total $13,613,810 · related or exempt $13,613,810

  • 2b · Program service revenue: AUXILIARY

    total $3,436,224 · related or exempt $3,436,224

  • 3 · Investment income

    total $3,330,596 · excluded $3,330,596

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

    securities $4,181

  • 7c · Gain or loss

    securities -$4,181

  • 7d · Net gain or loss

    total -$4,181 · excluded -$4,181

  • 11a · Other revenue: MISCELLANEOUS

    total $1,406,897 · related or exempt $1,406,897

  • 11b · Other revenue: INCR CSV INSURANCE

    total $66,206 · related or exempt $66,206

  • 11c · Other revenue: TUITION LATE CHARGES

    total $6,296 · related or exempt $6,296

  • 11e · Other revenue, total

    $1,479,399

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $4,679,400 · program services $4,679,400

  • 3 · Grants to foreign organizations and individuals

    total $506,115 · program services $506,115

  • 5 · Compensation of officers, directors and key employees

    total $450,450 · management and general $450,450

  • 7 · Other salaries and wages

    total $7,363,867 · program services $4,479,859 · management and general $2,247,027 · fundraising $636,981

  • 8 · Pension plan contributions

    total $650,988 · program services $373,204 · management and general $224,719 · fundraising $53,065

  • 9 · Other employee benefits

    total $1,305,840 · program services $801,821 · management and general $503,969 · fundraising $50

  • 10 · Payroll taxes

    total $546,254 · program services $313,161 · management and general $188,565 · fundraising $44,528

  • 11b · Fees: legal

    total $215,346 · management and general $215,346

  • 11c · Fees: accounting

    total $121,609 · program services $18,467 · management and general $103,142

  • 11g · Fees: other

    total $2,376,944 · program services $1,936,465 · management and general $440,479

  • 12 · Advertising and promotion

    total $52,260 · management and general $52,260

  • 13 · Office expenses

    total $683,626 · program services $500,154 · management and general $40,472 · fundraising $143,000

  • 16 · Occupancy

    total $1,329,048 · program services $1,231,146 · management and general $88,366 · fundraising $9,536

  • 17 · Travel

    total $205,051 · program services $37,898 · management and general $140,034 · fundraising $27,119

  • 19 · Conferences, conventions and meetings

    total $160,900 · program services $47,450 · management and general $96,237 · fundraising $17,213

  • 20 · Interest

    total $703,019 · program services $632,717 · management and general $63,272 · fundraising $7,030

  • 22 · Depreciation, depletion and amortization

    total $2,469,768 · program services $2,222,791 · management and general $222,279 · fundraising $24,698

  • 23 · Insurance

    total $430,683 · program services $387,615 · management and general $38,761 · fundraising $4,307

  • 24a · Other expenses: MISCELLANEOUS EXPENSES

    total $1,610,852 · program services $1,545,485 · management and general $61,636 · fundraising $3,731

  • 24b · Other expenses: INVESTMENT EXPENSES

    total $173,288 · program services $173,288

  • 24c · Other expenses: MEMBERSHIPS

    total $84,733 · program services $74,831 · management and general $7,798 · fundraising $2,104

  • 24d · Other expenses: BAD DEBT

    total $45,000 · management and general $45,000

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $6,342,868 · end of year $4,897,386

  • 2 · Savings and temporary cash investments

    beginning of year $2,586,592 · end of year $3,244,499

  • 3 · Pledges and grants receivable

    beginning of year $154,994 · end of year $612,680

  • 9 · Prepaid expenses and deferred charges

    beginning of year $82,799 · end of year $2,283,622

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

    $96,593,582

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

    $52,565,450

  • 10c · Land, buildings and equipment, net

    beginning of year $43,799,152 · end of year $44,028,132

  • 11 · Investments: publicly traded securities

    beginning of year $34,390,662 · end of year $36,803,794

  • 12 · Investments: other securities

    beginning of year $14,377,401 · end of year $10,524,243

  • 15 · Other assets

    beginning of year $4,579,269 · end of year $4,457,355

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,856,453 · end of year $1,917,320

  • 19 · Deferred revenue

    beginning of year $3,370,348 · end of year $3,810,267

  • 20 · Tax-exempt bond liabilities

    beginning of year $11,628,391 · end of year $10,680,886

  • 25 · Other liabilities

    beginning of year $15,818 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $54,523,693 · end of year $53,796,754

  • 28 · Net assets with donor restrictions

    beginning of year $34,919,034 · end of year $36,646,484

Mission and programs · 2022

Mission

TO EDUCATE AND INSTILL A VALUE SYSTEM THAT PREPARES YOUNG MEN TO BE CONTRIBUTING MEMBERS OF SOCIETY AMIDST THE CHALLENGES OF AN EVER-CHANGING WORLD.

Activities or mission (Part I)

TRINITY-PAWLING IS AN INDEPENDENT BOY'S COLLEGE PREPARATORY SCHOOL. THE SCHOOL IS COMMITTED TO THE EDUCATION OF ITS STUDENTS AND THEIR DEVELOPMENT AS A WHOLE. ITS GOAL IS TO PLACE EACH GRADUATE IN A COLLEGE OR UNIVERSITY THAT WILL BE APPROPRIATELY CHALLENGING AND WILL ALLOW THE OPPORTUNITY FOR ACADEMIC SUCCESS AND PERSONAL DEVELOPMENT.

  • INSTRUCTIONAL EXPENSES ARE INCURRED TO PROVIDE STUDENTS WITH EDUCATIONAL INSTRUCTION, THE SCHOOL'S PRIMARY PURPOSE.

    Expenses $13,112,061 · Grants $5,185,515 · Revenue $15,093,209

  • AUXILIARY EXPENSES ARE FOR ROOM AND BOARD AND EXPENSES GENERATED FROM THE SALE OF TEXTBOOKS AT THE SCHOOL STORE; AND PROVIDING PHYSICAL SUPPORT AND EDUCATIONAL GUIDANCE TO STUDENTS.

    Expenses $6,849,806 · Revenue $3,436,224

As filed on the 2022 return.

Listed in Part VII

  • William A Taylor

    HEAD OF SCHOOL/VICE PRESIDENT

    Total calculated
    $590,104
    From this org
    $451,854
    From related orgs
    $0
    Other
    $138,250
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $451,854
    Bonus
    $0
    Other
    $0
    Deferred
    $54,954
    Nontaxable benefits
    $83,296
    Filer's total
    $590,104

  • Janet Keating

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Peter J McCabe

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • G Christian Roux

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Samuel S Hemingway

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • James L Bellis Jr

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • W Wallace Danforth

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Dianne Avlon

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Michael A Kovner

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Elizabeth P Allen

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Douglas E Ebert

    VP/TREASURER

    Total calculated
    $0
    Hours/week
    2

  • David M Sample

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Thomas F Ahrensfeld Jr

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Michael V Cerny

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Maureen F Miller

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • W David Coughlin

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Erik K Olstein

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • John B Ferrarone

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Ryan Schell

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • George T Stewart

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Osei Meves

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Judith Redder

    DIRECTOR OF COMMUNICATIONS

    Total calculated
    $124,947
    From this org
    $113,467
    From related orgs
    $0
    Other
    $11,480
    Hours/week
    50

  • Daniel Tompkins

    DIRECTOR OF FACILITIES

    Total calculated
    $141,771
    From this org
    $133,128
    From related orgs
    $0
    Other
    $8,643
    Hours/week
    50

  • Eleanor Erickson

    DIRECTOR OF ADVANCEMENT

    Total calculated
    $199,110
    From this org
    $172,392
    From related orgs
    $0
    Other
    $26,718
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $172,392
    Bonus
    $0
    Other
    $0
    Deferred
    $10,999
    Nontaxable benefits
    $15,719
    Filer's total
    $199,110

  • Jeff Beck

    DIRECTOR OF ADMISSION

    Total calculated
    $129,569
    From this org
    $121,803
    From related orgs
    $0
    Other
    $7,766
    Hours/week
    50

  • Marilyn Lashlee

    DIRECTOR OF HEALTH AND WELLNESS

    Total calculated
    $119,439
    From this org
    $112,740
    From related orgs
    $0
    Other
    $6,699
    Hours/week
    50

  • Polly Shih Brandmeyer

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Christopher M Ambrose

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Richard H Bauer

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Glenn C Carey

    CHIEF OPERATING OFFICER

    Total calculated
    $331,479
    From this org
    $288,952
    From related orgs
    $0
    Other
    $42,527
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $288,952
    Bonus
    $0
    Other
    $0
    Deferred
    $35,250
    Nontaxable benefits
    $7,277
    Filer's total
    $331,479

  • Ronald Gallagher

    MANAGER OF MAINTENANCE

    Total calculated
    $121,881
    From this org
    $109,019
    From related orgs
    $0
    Other
    $12,862
    Hours/week
    50

  • William Dunham

    ASSISTANT DIRECTOR OF COLLEGE COUNSELING AND TEACH

    Total calculated
    $117,093
    From this org
    $104,790
    From related orgs
    $0
    Other
    $12,303
    Hours/week
    50

  • Thomas Morris

    ASSOCIATE HEAD OF SCHOOL

    Total calculated
    $156,780
    From this org
    $147,487
    From related orgs
    $0
    Other
    $9,293
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $147,487
    Bonus
    $0
    Other
    $0
    Deferred
    $9,293
    Nontaxable benefits
    $0
    Filer's total
    $156,780

  • Amy Bocompani

    BUSINESS MANAGER

    Total calculated
    $110,026
    From this org
    $103,774
    From related orgs
    $0
    Other
    $6,252
    Hours/week
    50

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 · Travel for companions
  • 1a · Discretionary spending account
  • 1a · Housing allowance or residence for personal use
  • 1a · Health or social club dues or initiation fees
  • 1a · Personal services (maid, chauffeur, chef)
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Form 990 of other organizations
  • 3 · Written employment contract
  • 3 · Approval by the board or compensation committee
  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 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
THE ORGANIZATION PROVIDES THE FOLLOWING FOR: WILLIAM W. TAYLOR (HEADMASTER): 1. HOUSING, TELEPHONE AND CABLE (APPROXIMATELY $54,000, $1,200, AND $1,200, RESPECTIVELY). 2. DISCRETIONARY FUND OF $11,177 (INCLUDES CLUB MEMBERSHIP OF $6,958). 3. TRAVEL FOR WIFE. 4. MAID SERVICE.
PART I, LINE 4B
WILLIAM W. TAYLOR CONTRIBUTED $19,254 TO A 457(F) PLAN.

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
10 May 2024
IRS schema version
2022v5.0
Source object
202411359349307606

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