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Nonprofiteer
← SADDLE RIVER DAY SCHOOL INC

Form 990 for tax year 2023

Filed by SADDLE RIVER DAY SCHOOL INC.

This return was superseded by a later amendment.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 12 August 2025. 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.

Total revenue
$38,453,314 changed to $37,863,395
Contributions and grants received
$15,680,515 changed to $15,298,709
Other revenue
$541,034 changed to $332,921

Totals

Total revenue
$38,453,314
Total expenses
$22,493,721
Contributions and grants received
$15,680,515
Grants paid
$5,336,328
Program service revenue
$21,393,275
Investment income
$838,490
Other revenue
$541,034
Total assets, end of year
$40,778,217
Total liabilities, end of year
$5,949,618
Net assets or fund balances, end of year
$34,828,599
Program services expenses (Part IX)
$18,318,321
Management and general expenses
$3,710,242
Fundraising expenses
$465,158
Program service expenses (Part III)
$18,318,321

Program services were 81.4% 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

    $15,680,515

  • 2a · Program service revenue: TUITION AND FEES

    total $20,094,448 · related or exempt $20,094,448

  • 2b · Program service revenue: AUXILLARY SERVICES

    total $1,170,453 · related or exempt $1,170,453

  • 2c · Program service revenue: STUDENT ACTIVITIES

    total $128,374 · related or exempt $128,374

  • 3 · Investment income

    total $305,294 · excluded $305,294

  • 7a · Gross sales of assets other than inventory

    securities $3,352,781

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

    securities $2,819,585

  • 7c · Gain or loss

    securities $533,196

  • 7d · Net gain or loss

    total $533,196 · excluded $533,196

  • 8a · Fundraising events: gross income

    $665,322

  • 8b · Fundraising events: direct expenses

    $219,590

  • 8c · Net income from fundraising events

    total $445,732 · excluded $445,732

  • 11a · Other revenue: OTHER INCOME

    total $78,975 · related or exempt $78,975

  • 11b · Other revenue: MISCELLANEOUS

    total $16,327 · related or exempt $16,327

  • 11e · Other revenue, total

    $95,302

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $5,336,328 · program services $5,336,328

  • 5 · Compensation of officers, directors and key employees

    total $977,581 · management and general $977,581

  • 7 · Other salaries and wages

    total $9,032,685 · program services $7,697,234 · management and general $1,094,534 · fundraising $240,917

  • 8 · Pension plan contributions

    total $294,673 · program services $227,067 · management and general $60,564 · fundraising $7,042

  • 9 · Other employee benefits

    total $682,881 · program services $600,138 · management and general $74,399 · fundraising $8,344

  • 10 · Payroll taxes

    total $824,579 · program services $634,966 · management and general $172,857 · fundraising $16,756

  • 11a · Fees: management

    total $88,108 · management and general $88,108

  • 11c · Fees: accounting

    total $128,873 · management and general $128,873

  • 11f · Fees: investment management

    total $69,926 · management and general $69,926

  • 11g · Fees: other

    total $103,159 · program services $16,167 · management and general $86,796 · fundraising $196

  • 12 · Advertising and promotion

    total $480,998 · program services $290,721 · management and general $180,155 · fundraising $10,122

  • 13 · Office expenses

    total $409,236 · program services $309,208 · management and general $2,741 · fundraising $97,287

  • 14 · Information technology

    total $119,720 · program services $119,720

  • 16 · Occupancy

    total $1,055,862 · program services $947,940 · management and general $26,216 · fundraising $81,706

  • 17 · Travel

    total $545,805 · program services $545,805

  • 20 · Interest

    total $53,815 · management and general $53,815

  • 22 · Depreciation, depletion and amortization

    total $495,361 · management and general $495,361

  • 23 · Insurance

    total $131,035 · program services $127,100 · management and general $3,541 · fundraising $394

  • 24a · Other expenses: SCHOOL ACTIVITIES

    total $599,633 · program services $597,741 · management and general $1,892

  • 24b · Other expenses: ATHLETICS

    total $344,924 · program services $344,924

  • 24c · Other expenses: PROFESSIONAL DEVELOPMEN

    total $221,441 · program services $197,501 · management and general $21,546 · fundraising $2,394

  • 24d · Other expenses: OTHER EXPENSES

    total $207,931 · program services $36,594 · management and general $171,337

  • 24e · All other expenses

    total $289,167 · program services $289,167

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,616,309 · end of year $4,030,433

  • 2 · Savings and temporary cash investments

    beginning of year $1,614,691 · end of year $2,435,850

  • 3 · Pledges and grants receivable

    beginning of year $4,347,363 · end of year $13,082,236

  • 4 · Accounts receivable

    beginning of year $37,891 · end of year $349,853

  • 9 · Prepaid expenses and deferred charges

    beginning of year $160,622 · end of year $119,962

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

    $15,247,667

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

    $8,879,883

  • 10c · Land, buildings and equipment, net

    beginning of year $5,975,426 · end of year $6,367,784

  • 11 · Investments: publicly traded securities

    beginning of year $11,123,618 · end of year $14,351,092

  • 15 · Other assets

    beginning of year $47,052 · end of year $41,007

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,630,262 · end of year $1,563,258

  • 19 · Deferred revenue

    beginning of year $2,826,109 · end of year $3,215,913

  • 23 · Secured mortgages and notes payable

    beginning of year $1,254,770 · end of year $1,129,440

  • 25 · Other liabilities

    beginning of year $47,052 · end of year $41,007

  • 27 · Net assets without donor restrictions

    beginning of year $13,390,790 · end of year $14,380,685

  • 28 · Net assets with donor restrictions

    beginning of year $5,773,989 · end of year $20,447,914

Mission and programs · 2023

Mission

TO INSPIRE EACH CHILD TO ACHIEVE PERSONAL AND ACADEMIC EXCELLENCE AND TO BECOME A CARING AND ETHICAL CONTRIBUTOR TO SOCIETY.

  • PRIVATE SCHOOL, GRADES PRE-K THROUGH 12.

    Expenses $18,318,321 · Grants $5,336,328 · Revenue $21,488,577

As filed on the 2023 return.

Listed in Part VII

  • JALAJ DESAI

    HEAD OF SCHOOL

    Total calculated
    $817,435
    From this org
    $807,017
    From related orgs
    $0
    Other
    $10,418
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $807,017
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $10,418
    Filer's total
    $817,435

  • DANIEL BROWN

    ATHLETIC DIRECTOR

    Total calculated
    $197,882
    From this org
    $191,148
    From related orgs
    $0
    Other
    $6,734
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $191,148
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $6,734
    Filer's total
    $197,882

  • CHRISTOPHER MATHISEN

    CFO

    Total calculated
    $182,044
    From this org
    $170,564
    From related orgs
    $0
    Other
    $11,480
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $170,564
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $11,480
    Filer's total
    $182,044

  • GEOFFREY BOWMAN

    DIRECTOR OF ADMISSIONS

    Total calculated
    $159,199
    From this org
    $159,199
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $159,199
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $159,199

  • ANASTASIA KELLY

    HEAD OF MIDDLE SCHOOL

    Total calculated
    $146,954
    From this org
    $143,984
    From related orgs
    $0
    Other
    $2,970
    Hours/week
    40

  • DANA STERN

    HEAD OF LOWER SCHOOL

    Total calculated
    $148,069
    From this org
    $136,451
    From related orgs
    $0
    Other
    $11,618
    Hours/week
    40

  • LYNN MCCORMACK

    DIRECTOR OF DEVELOPMENT

    Total calculated
    $135,629
    From this org
    $128,629
    From related orgs
    $0
    Other
    $7,000
    Hours/week
    40

  • WES POWELL

    PRESIDENT

    Total calculated
    $0
    Hours/week
    8

  • ROSARIO RUFFINO

    TREASURER

    Total calculated
    $0
    Hours/week
    8

  • SCOTT BRAEN

    SECRETARY

    Total calculated
    $0
    Hours/week
    8

  • KIM LAWRIE

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    8

  • FRANK COYNE

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • ZAKIR GAIBI

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • ABE HAN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • BRYAN HEKEMIAN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • DALE SMITH

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • STEPHEN SAVAS

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • JEFF ROSENBERG

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • DAN SUGAR

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • ROBERT REGULAR

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • DR KRISTEN WALSH

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

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
  • 3 · Approval by the board or compensation committee

Answered no

  • 2 · Substantiation required before reimbursing expenses
  • 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
2023
Filed
14 May 2025
IRS schema version
2023v6.0
Source object
202541359349304159

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