Totals
- Total revenue
- $51,621,246
- Total expenses
- $52,923,316
- Contributions and grants received
- $3,496,066
- Grants paid
- $6,668,255
- Program service revenue
- $45,268,688
- Investment income
- $3,100,265
- Other revenue
- -$243,773
- Total assets, end of year
- $198,519,902
- Total liabilities, end of year
- $62,654,429
- Net assets or fund balances, end of year
- $135,865,473
- Program services expenses (Part IX)
- $43,647,494
- Management and general expenses
- $7,205,620
- Fundraising expenses
- $2,070,202
- Program service expenses (Part III)
- $43,647,494
Program services were 82.5% 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.
-
1e · Government grants (contributions)
$214,149
-
1f · All other contributions, gifts and grants
$3,281,917
-
1g · Noncash contributions included above
$129,288
-
2a · Program service revenue: TUITION
total $44,046,202 · related or exempt $44,046,202
-
2b · Program service revenue: SUMMER PROGRAMS
total $917,933 · related or exempt $917,933
-
2c · Program service revenue: STAY & PLAY
total $99,092 · related or exempt $99,092
-
2d · Program service revenue: AFTER SCHOOL COURSES
total $98,899 · related or exempt $98,899
-
2e · Program service revenue: MUSIC LESSONS
total $42,794 · related or exempt $42,794
-
2f · All other program service revenue
total $63,768 · related or exempt $63,768
-
3 · Investment income
total $2,559,703 · excluded $2,559,703
-
6a · Gross rents
real property $761,826
-
6b · Less rental expenses
real property $1,085,385
-
6c · Rental income or loss
real property -$323,559
-
6d · Net rental income or loss
total -$323,559 · excluded -$323,559
-
7a · Gross sales of assets other than inventory
securities $3,425,813
-
7b · Less cost or other basis and sales expenses
securities $2,885,251
-
7c · Gain or loss
securities $540,562
-
7d · Net gain or loss
total $540,562 · excluded $540,562
-
10a · Gross sales of inventory
$186,647
-
10b · Cost of goods sold
$108,081
-
10c · Net income from sales of inventory
total $78,566 · excluded $78,566
-
11a · Other revenue: OTHER REVENUE
total $1,220 · related or exempt $1,220
-
11e · Other revenue, total
$1,220
Functional expenses
Part IX, the statement of functional expenses.
-
2 · Grants to domestic individuals
total $6,668,255 · program services $6,668,255
-
5 · Compensation of officers, directors and key employees
total $893,441 · program services $263,500 · management and general $550,891 · fundraising $79,050
-
7 · Other salaries and wages
total $24,849,258 · program services $20,236,446 · management and general $3,574,727 · fundraising $1,038,085
-
8 · Pension plan contributions
total $1,883,008 · program services $1,508,156 · management and general $287,197 · fundraising $87,655
-
9 · Other employee benefits
total $5,765,674 · program services $4,571,408 · management and general $825,363 · fundraising $368,903
-
10 · Payroll taxes
total $1,799,881 · program services $1,453,635 · management and general $275,389 · fundraising $70,857
-
11b · Fees: legal
total $54,954 · management and general $54,954
-
11c · Fees: accounting
total $46,913 · management and general $46,913
-
11e · Fees: professional fundraising services
total $10,750 · fundraising $10,750
-
11f · Fees: investment management
total $123,158 · management and general $123,158
-
11g · Fees: other
total $33,793 · management and general $33,793
-
12 · Advertising and promotion
total $138,091 · program services $6,371 · management and general $131,720
-
13 · Office expenses
total $2,288,438 · program services $1,461,991 · management and general $574,547 · fundraising $251,900
-
14 · Information technology
total $1,118,549 · program services $955,983 · management and general $131,959 · fundraising $30,607
-
16 · Occupancy
total $791,592 · program services $656,853 · management and general $107,791 · fundraising $26,948
-
17 · Travel
total $268,105 · program services $195,018 · management and general $64,828 · fundraising $8,259
-
19 · Conferences, conventions and meetings
total $32,593 · program services $32,593
-
20 · Interest
total $833,059 · program services $833,059
-
22 · Depreciation, depletion and amortization
total $2,628,381 · program services $2,435,648 · management and general $154,186 · fundraising $38,547
-
23 · Insurance
total $486,822 · program services $403,958 · management and general $66,291 · fundraising $16,573
-
24a · Other expenses: REPAIRS AND MAINTENANCE
total $1,842,538 · program services $1,632,196 · management and general $168,274 · fundraising $42,068
-
24b · Other expenses: PROF. DEVELOPMENT
total $284,517 · program services $250,878 · management and general $33,639
-
24c · Other expenses: AUXILIARY SUPPLIES
total $81,546 · program services $81,546
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $3,862,618 · end of year $5,832,495
-
2 · Savings and temporary cash investments
beginning of year $1,649,141 · end of year $1,588,796
-
3 · Pledges and grants receivable
beginning of year $816,113 · end of year $773,153
-
4 · Accounts receivable
beginning of year $26,691,603 · end of year $29,756,174
-
8 · Inventories for sale or use
beginning of year $163,247 · end of year $180,556
-
9 · Prepaid expenses and deferred charges
beginning of year $576,328 · end of year $1,194,799
-
10a · Land, buildings and equipment: cost or other basis
$95,315,766
-
10b · Land, buildings and equipment: accumulated depreciation
$40,876,754
-
10c · Land, buildings and equipment, net
beginning of year $57,344,993 · end of year $54,439,012
-
11 · Investments: publicly traded securities
beginning of year $94,671,859 · end of year $103,596,513
-
15 · Other assets
beginning of year $1,233,433 · end of year $1,158,404
-
17 · Accounts payable and accrued expenses
beginning of year $3,272,926 · end of year $3,222,670
-
19 · Deferred revenue
beginning of year $35,608,191 · end of year $39,192,876
-
20 · Tax-exempt bond liabilities
beginning of year $19,136,876 · end of year $19,014,781
-
25 · Other liabilities
beginning of year $1,112,259 · end of year $1,224,102
-
27 · Net assets without donor restrictions
beginning of year $63,744,384 · end of year $65,265,701
-
28 · Net assets with donor restrictions
beginning of year $64,134,699 · end of year $70,599,772
Mission and programs · 2024
Mission
PRINCETON DAY SCHOOL CULTIVATES INTELLECTUAL VITALITY AND STRENGTH OF CHARACTER WITHIN A COMMUNITY OF COMPASSION,SHARED RESPONSIBILITY, AND PLAY.
Activities or mission (Part I)
CULTIVATING INTELLECTUAL VITALITY AND STRENGTH OF CHARACTER WITHIN A COMMUNITY
-
PRINCETON DAY SCHOOL IS AN INDEPENDENT PREK TO 12 INSTITUTION DEDICATED TO SERVING APPROXIMATELY 970 STUDENTS. WE FOSTER HUMANITY, CREATIVITY, INTELLECT, JOY, AND STEWARDSHIP IN EACH OF OUR STUDENTS AND STRIVE TO EMPOWER EVERY LEARNER TO ACT WITH WISDOM AND PURPOSE.
Expenses $43,647,494 · Grants $6,668,255 · Revenue $45,269,908
As filed on the 2024 return.
Listed in Part VII
-
Kelley Nicholson-FlynnKELLEY NICHOLSON-FLYNN
HEAD OF SCHOOL
- Total calculated
- $668,150
- From this org
- $503,335
- From related orgs
- $0
- Other
- $164,815
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $475,535
- Bonus
- $0
- Other
- $27,800
- Deferred
- $30,000
- Nontaxable benefits
- $134,815
- Filer's total
- $668,150
-
Dulany H GibsonDULANY H GIBSON
ASSISTANT HOS FINANCE & OPERATIONS
- Total calculated
- $387,272
- From this org
- $280,273
- From related orgs
- $0
- Other
- $106,999
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $279,106
- Bonus
- $1,167
- Other
- $0
- Deferred
- $30,000
- Nontaxable benefits
- $76,999
- Filer's total
- $387,272
-
Lisa S SuraceLISA S SURACE
ASSOCIATE HEAD OF SCHOOL
- Total calculated
- $290,349
- From this org
- $260,250
- From related orgs
- $0
- Other
- $30,099
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $258,438
- Bonus
- $1,812
- Other
- $0
- Deferred
- $27,258
- Nontaxable benefits
- $2,841
- Filer's total
- $290,349
-
Jonathan CormierJONATHAN CORMIER
DIRECTOR OF ADVANCEMENT
- Total calculated
- $397,970
- From this org
- $259,001
- From related orgs
- $0
- Other
- $138,969
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $257,960
- Bonus
- $1,041
- Other
- $0
- Deferred
- $19,500
- Nontaxable benefits
- $119,469
- Filer's total
- $397,970
-
Jon OstendorfJON OSTENDORF
CHIEF INFORMATION OFFICER
- Total calculated
- $351,442
- From this org
- $245,568
- From related orgs
- $0
- Other
- $105,874
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $244,006
- Bonus
- $1,562
- Other
- $0
- Deferred
- $25,018
- Nontaxable benefits
- $80,856
- Filer's total
- $351,442
-
Renee PriceRENEE PRICE
ASST HOS/HEAD OF MIDDLE SCHOOL
- Total calculated
- $319,742
- From this org
- $229,938
- From related orgs
- $0
- Other
- $89,804
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $228,795
- Bonus
- $1,143
- Other
- $0
- Deferred
- $17,496
- Nontaxable benefits
- $72,308
- Filer's total
- $319,742
-
Sandy WangSANDY WANG
HEAD OF LOWER SCHOOL
- Total calculated
- $263,413
- From this org
- $229,109
- From related orgs
- $0
- Other
- $34,304
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $227,966
- Bonus
- $1,143
- Other
- $0
- Deferred
- $17,535
- Nontaxable benefits
- $16,769
- Filer's total
- $263,413
-
Paul J StellatoPAUL J STELLATO
FORMER HEAD OF SCHOOL
- Total calculated
- $125,000
- From this org
- $125,000
- From related orgs
- $0
- Other
- $0
- Hours/week
- 0
Schedule J breakdown matched by us
- Base
- $0
- Bonus
- $0
- Other
- $125,000
- Deferred
- $0
- Nontaxable benefits
- $0
- Filer's total
- $125,000
-
Christopher BobbittCHRISTOPHER BOBBITT
CHAIR
- Total calculated
- $0
- Hours/week
- 5
-
Ashley Aitken-DaviesASHLEY AITKEN-DAVIES
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 2
-
Jacob SilvermanJACOB SILVERMAN
TREASURER
- Total calculated
- $0
- Hours/week
- 2
-
Anna HornerANNA HORNER
SECRETARY
- Total calculated
- $0
- Hours/week
- 2
-
Sanford BingSANFORD BING
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Jixin DaiJIXIN DAI
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Beth Geter-DouglassBETH GETER-DOUGLASS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Georgia B GosnellGEORGIA B GOSNELL
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Dylan LeithDYLAN LEITH
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Cynthia LinvilleCYNTHIA LINVILLE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Amanda MaherAMANDA MAHER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Wesley MarkhamWESLEY MARKHAM
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Lee MaschlerLEE MASCHLER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Paris McLeanPARIS MCLEAN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Kavita MorrisKAVITA MORRIS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Howard PowersHOWARD POWERS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Stephanie RichmanSTEPHANIE RICHMAN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Shefali ShahSHEFALI SHAH
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
John C WellemeyerJOHN C WELLEMEYER
TRUSTEE
- 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
- 1a · Housing allowance or residence for personal use
- 1a · Personal services (maid, chauffeur, chef)
- 1b · Written policy on the line-1a expenses
- 2 · Substantiation required before reimbursing expenses
- 3 · Compensation committee
- 3 · Compensation survey or study
- 3 · Approval by the board or compensation committee
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
- 9 · Followed the rebuttable-presumption procedure
Answered no
- 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
The filer's explanations (Part III)
- PART I, LINE 1A
- HOUSING IS PROVIDED TO THE HEAD OF SCHOOL (HOS), ASSISTANT HOS FOR FINANCE & OPERATIONS, AND THE CHIEF INFORMATION OFFICER, AS THE BOARD OF TRUSTEES FEELS THE RESPONSIBILITIES OF THESE POSITIONS REQUIRE A CONTINUOUS PRESENCE ON CAMPUS. THIS HOUSING MEETS THE INTERNAL REVENUE SERVICE GUIDELINES FOR EXCLUSION FROM TAXABLE INCOME. HOUSE CLEANING IS PROVIDED TO THE HOS AND ASSISTANT HOS FOR FINANCE & OPERATIONS AS PART OF A CONTINUOUS MAINTENANCE PROGRAM FOR THE HOUSES AND IS NOT INCLUDED IN TAXABLE INCOME.
- PART I, LINES 4A-B
- PAUL STELLATO, FORMER HEAD OF SCHOOL- $125,000 SEVERANCE PAYMENT KELLEY NICHOLSON- FLYNN, HEAD OF SCHOOL - $20,000 457(F) CONTRIBUTION
- PART I, LINE 7
- BONUSES WERE PAID DURING THE YEAR. THESE WERE APPROVED BY THE HEAD OF SCHOOL, WHO DID NOT PARTICIPATE IN THIS BONUS. BONUSES WERE INCLUDED IN TAXABLE COMPENSATION AND ARE REPORTED IN SCHEDULE J, PART II, COLUMN B(II).
- PART I, LINE 8
- COMPENSATION FOR KELLEY NICHOLSON-FLYNN, HEAD OF SCHOOL, IS SUBJECT TO AN INITIAL WRITTEN EMPLOYMENT AGREEMENT FOR THE PERIOD JULY 1, 2023 TO JUNE 30, 2027.
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
- 2024
- Filed
- 11 May 2026
- IRS schema version
- 2024v5.5
- Source object
- 202601319349303935
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