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Nonprofiteer
← MARK DAY SCHOOL

Form 990 for tax year 2022

Filed by MARK DAY SCHOOL.

Totals

Total revenue
$19,282,634
Total expenses
$18,962,608
Contributions and grants received
$1,968,718
Grants paid
$2,865,416
Program service revenue
$16,691,323
Investment income
$622,593
Other revenue
$0
Total assets, end of year
$57,483,656
Total liabilities, end of year
$31,582,208
Net assets or fund balances, end of year
$25,901,448
Program services expenses (Part IX)
$14,969,679
Management and general expenses
$3,452,888
Fundraising expenses
$540,041
Program service expenses (Part III)
$14,969,679

Program services were 78.9% 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

    $1,968,718

  • 1g · Noncash contributions included above

    $114,000

  • 2a · Program service revenue: TUITION AND FEES

    total $15,961,063 · related or exempt $15,961,063

  • 2b · Program service revenue: AUX AND OTHER PROGRAMS

    total $730,260 · related or exempt $730,260

  • 3 · Investment income

    total $728,810 · excluded $728,810

  • 7a · Gross sales of assets other than inventory

    securities $663,764 · other assets $60,000

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

    securities $737,181 · other assets $92,800

  • 7c · Gain or loss

    securities -$73,417 · other assets -$32,800

  • 7d · Net gain or loss

    total -$106,217 · excluded -$106,217

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $2,865,416 · program services $2,865,416

  • 5 · Compensation of officers, directors and key employees

    total $1,812,884 · program services $913,002 · management and general $587,265 · fundraising $312,617

  • 7 · Other salaries and wages

    total $7,609,675 · program services $6,056,066 · management and general $1,440,481 · fundraising $113,128

  • 8 · Pension plan contributions

    total $531,762 · program services $386,790 · management and general $129,533 · fundraising $15,439

  • 9 · Other employee benefits

    total $698,578 · program services $588,648 · management and general $109,930

  • 10 · Payroll taxes

    total $653,697 · program services $475,484 · management and general $159,234 · fundraising $18,979

  • 11b · Fees: legal

    total $27,936 · management and general $27,936

  • 11c · Fees: accounting

    total $67,000 · management and general $67,000

  • 11f · Fees: investment management

    total $28,026 · management and general $28,026

  • 11g · Fees: other

    total $433,334 · program services $71,660 · management and general $336,359 · fundraising $25,315

  • 12 · Advertising and promotion

    total $90,787 · management and general $90,787

  • 13 · Office expenses

    total $178,819 · management and general $178,819

  • 16 · Occupancy

    total $1,323,540 · program services $1,197,482 · management and general $97,792 · fundraising $28,266

  • 17 · Travel

    total $384,804 · program services $384,804

  • 19 · Conferences, conventions and meetings

    total $161,390 · program services $116,685 · management and general $44,705

  • 20 · Interest

    total $204,565 · program services $169,314 · management and general $31,255 · fundraising $3,996

  • 22 · Depreciation, depletion and amortization

    total $901,152 · program services $806,025 · management and general $76,102 · fundraising $19,025

  • 23 · Insurance

    total $155,181 · program services $138,800 · management and general $13,105 · fundraising $3,276

  • 24a · Other expenses: CURRICULUM, FIELD TRIPS

    total $378,505 · program services $378,505

  • 24b · Other expenses: AUXILLARY

    total $214,335 · program services $214,335

  • 24c · Other expenses: OUTDOOR EDUCATION

    total $211,139 · program services $206,663 · management and general $4,476

  • 24d · Other expenses: OTHER EXPENSES

    total $30,083 · management and general $30,083

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $476,180 · end of year $96,393

  • 2 · Savings and temporary cash investments

    beginning of year $15,561,837 · end of year $16,252,189

  • 3 · Pledges and grants receivable

    beginning of year $53,808 · end of year $273,006

  • 4 · Accounts receivable

    beginning of year $5,740,832 · end of year $6,377,849

  • 9 · Prepaid expenses and deferred charges

    beginning of year $141,727 · end of year $270,724

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

    $22,158,408

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

    $9,637,087

  • 10c · Land, buildings and equipment, net

    beginning of year $13,194,985 · end of year $12,521,321

  • 11 · Investments: publicly traded securities

    beginning of year $11,240,214 · end of year $12,380,962

  • 15 · Other assets

    beginning of year $0 · end of year $9,311,212

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,626,529 · end of year $1,733,041

  • 19 · Deferred revenue

    beginning of year $13,327,947 · end of year $13,885,886

  • 20 · Tax-exempt bond liabilities

    beginning of year $6,853,896 · end of year $6,607,581

  • 25 · Other liabilities

    beginning of year $0 · end of year $9,355,700

  • 27 · Net assets without donor restrictions

    beginning of year $18,671,348 · end of year $19,102,707

  • 28 · Net assets with donor restrictions

    beginning of year $5,929,863 · end of year $6,798,741

Mission and programs · 2022

Mission

MARK DAY SCHOOL (FORMERLY SAINT MARK'S SCHOOL) DISCOVERS AND NURTURES WHAT IS FINEST IN EACH CHILD IN A VIBRANT, INCLUSIVE, NON-SECTARIAN LEARNING COMMUNITY. INNOVATIVE AND FULL OF HEART, MARK DAY SCHOOL STRIVES TO DEVELOP WELL-ROUNDED CRITICAL THINKERS IN A CHALLENGING PROGRAM THAT FOSTERS ACADEMIC EXCELLENCE AND RESPONSIBLE WORLD CITIZENSHIP. OUR MEDIA LITERACY PROGRAM, OUR ONE-ON-ONE LAPTOP PROGRAM, AND OUR GLOBAL PARTNERSHIPS WITH ESIBONSWENI, BEJING EXPERIMENTAL SCHOOL #2, AND THE CANAL ALLIANCE REMAIN VIBRANT AND SIGNIFICANT PARTS OF OUR CURRICULUM. MARK DAY SCHOOL ALSO INTRODUCED OUR SOCIAL EMOTIONAL LEARNING PROGRAM THROUGHOUT ALL GRADES WITH RESOUNDING SUCCESS.

Activities or mission (Part I)

TO OPERATE A COEDUCATIONAL SCHOOL FOR STUDENTS IN KINDERGARTEN THROUGH 8TH GRADES.

  • MARK DAY SCHOOL IS AN INDEPENDENT, NON-SECTARIAN, COEDUCATIONAL SCHOOL SERVING 380 STUDENTS IN KINDERGARTEN THROUGH EIGHTH GRADE. MARK DAY SCHOOL STUDENTS PARTICIPATE IN A CHALLENGING AND ACTIVE HANDS-ON ACADEMIC PROGRAM, PREPARING THEM FOR SUCCESS IN FUTURE SCHOOLING AND IN LIFE. MARK DAY SCHOOL ACADEMICS INCLUDES TRADITIONAL SKILLS AND COMPETENCIES OF FOUNDATIONAL LITERACIES SUCH AS MATH AND THE HUMANITIES, AS WELL AS FOUR CROSS-DISCIPLINARY LITERACIES THAT ARE INTERWOVEN INTO THE CURRICULUM. THE FOUR CROSS-DISCIPLINARY LITERACIES ARE; MEDIA AND INFORMATION, SOCIAL AND EMOTIONAL, ECOLOGICAL AND CROSS-CULTURAL. CROSS-CULTURAL LITERACY IS ENHANCED THROUGH OUR FORMALIZED PARTNERSHIPS WITH FOREIGN SCHOOLS IN CHINA, COSTA RICA AND SOUTH AFRICA. FOLLOWING GRADUATION, MARK DAY SCHOOL ALUMNI MATRICULATE AT EXCELLENT INDEPENDENT, PUBLIC AND PAROCHIAL HIGH SCHOOLS IN THE BAY AREA AND AT BOARDING SCHOOLS AROUND THE COUNTRY. MARK DAY SCHOOL GRADUATES ARE CONSIDERED AMONG THE BEST PREPARED STUDENTS AT THOSE SCHOOLS.

    Expenses $14,969,679 · Grants $2,865,416 · Revenue $16,691,323

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

Listed in Part VII

  • Joseph Harvey

    HEAD OF SCHOOL

    Total calculated
    $695,367
    From this org
    $580,241
    From related orgs
    $0
    Other
    $115,126
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $365,741
    Bonus
    $0
    Other
    $214,500
    Deferred
    $100,852
    Nontaxable benefits
    $14,274
    Filer's total
    $695,367

  • Ethan Dornhelm

    PRESIDENT

    Total calculated
    $0
    Hours/week
    10

  • Aimee Foreman

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    5

  • Julian Allen

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Megan Mariani

    ASST. TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Chris Abate

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Paul Austin

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Mike Beck

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Ryan Brown

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Prathap Dendi

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Sara Egide

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Pam Emo

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Scott Faber

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Rika Gopinath

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Reetika Grewal

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Chelsea Ialeggio

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Scott Lamson

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Chris Mazzola

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Christine Metzger

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Katie Shannon

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • David Shapiro

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Andrea Urda-Rijo

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Bella Chang

    CHIEF FINANCIAL OFFICER

    Total calculated
    $282,464
    From this org
    $255,580
    From related orgs
    $0
    Other
    $26,884
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $255,580
    Bonus
    $0
    Other
    $0
    Deferred
    $16,682
    Nontaxable benefits
    $10,202
    Filer's total
    $282,464

  • Bonnie Nishihara

    ASSISTANT HEAD OF SCHOOL

    Total calculated
    $209,532
    From this org
    $177,169
    From related orgs
    $0
    Other
    $32,363
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $177,169
    Bonus
    $0
    Other
    $0
    Deferred
    $18,855
    Nontaxable benefits
    $13,508
    Filer's total
    $209,532

  • David Hickman

    HEAD OF UPPER SCHOOL

    Total calculated
    $216,385
    From this org
    $187,996
    From related orgs
    $0
    Other
    $28,389
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $187,996
    Bonus
    $0
    Other
    $0
    Deferred
    $14,212
    Nontaxable benefits
    $14,177
    Filer's total
    $216,385

  • Thaddeus Reichley

    HEAD OF LOWER SCHOOL

    Total calculated
    $207,919
    From this org
    $180,661
    From related orgs
    $0
    Other
    $27,258
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $180,661
    Bonus
    $0
    Other
    $0
    Deferred
    $11,875
    Nontaxable benefits
    $15,383
    Filer's total
    $207,919

  • Wendy Levine

    DIRECTOR OF DEVELOPMENT

    Total calculated
    $189,974
    From this org
    $177,994
    From related orgs
    $0
    Other
    $11,980
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $177,994
    Bonus
    $0
    Other
    $0
    Deferred
    $11,696
    Nontaxable benefits
    $284
    Filer's total
    $189,974

  • Katherine Kelso

    DIRECTOR OF ADMISSION

    Total calculated
    $169,654
    From this org
    $142,325
    From related orgs
    $0
    Other
    $27,329
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $142,325
    Bonus
    $0
    Other
    $0
    Deferred
    $9,158
    Nontaxable benefits
    $18,171
    Filer's total
    $169,654

  • Kim Danforth

    DRAMA TEACHER

    Total calculated
    $158,332
    From this org
    $131,807
    From related orgs
    $0
    Other
    $26,525
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $131,807
    Bonus
    $0
    Other
    $0
    Deferred
    $8,397
    Nontaxable benefits
    $18,128
    Filer's total
    $158,332

  • Fernanda Pernambuco

    DIR OF PART., EQUITY, INCLUSION

    Total calculated
    $155,557
    From this org
    $128,911
    From related orgs
    $0
    Other
    $26,646
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $128,911
    Bonus
    $0
    Other
    $0
    Deferred
    $8,281
    Nontaxable benefits
    $18,365
    Filer's total
    $155,557

  • Lisa Becker

    FIRST GRADE TEACHER

    Total calculated
    $153,192
    From this org
    $125,404
    From related orgs
    $0
    Other
    $27,788
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $125,404
    Bonus
    $0
    Other
    $0
    Deferred
    $9,429
    Nontaxable benefits
    $18,359
    Filer's total
    $153,192

  • Silvia Buckley

    SPANISH TEACHER

    Total calculated
    $135,002
    From this org
    $126,603
    From related orgs
    $0
    Other
    $8,399
    Hours/week
    40

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 · 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
  • 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 HEAD OF SCHOOL RECEIVES A TAXABLE HOUSING ALLOWANCE OF $64,500 AND IT'S INCLUDED IN THE AMOUNT ON SCHEDULE J, PART II, COLUMN B(III).
PART I, LINE 4B
THE SCHOOL ESTABLISHED A 457(F) SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN WITH ONE OF ITS EXECUTIVE EMPLOYEES. THE AMOUNT ACCRUED DURING 2022 CALENDAR YEAR WAS $65,000 AND IT HAS BEEN INCLUDED ON SCHEDULE J, PART II, COLUMN (C). ALSO, THERE WAS $150,000 ACCRUED IN 2021 TAX YEAR AND IT WAS PAID IN FULL IN JULY 2022. THE AMOUNT HAS BEEN INCLUDED ON SCHEDULE J, PART II, COLUMN B(III).

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
15 April 2024
IRS schema version
2022v5.0
Source object
202431079349300603

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