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Nonprofiteer
← TRINITY-PAWLING SCHOOL CORPORATION

Form 990 for tax year 2023

Filed by TRINITY-PAWLING SCHOOL CORPORATION.

Totals

Total revenue
$27,540,806
Total expenses
$27,565,220
Contributions and grants received
$6,502,903
Grants paid
$5,255,297
Program service revenue
$17,862,885
Investment income
$3,065,321
Other revenue
$109,697
Total assets, end of year
$108,626,734
Total liabilities, end of year
$14,862,424
Net assets or fund balances, end of year
$93,764,310
Program services expenses (Part IX)
$21,190,498
Management and general expenses
$5,025,068
Fundraising expenses
$1,349,654
Program service expenses (Part III)
$21,190,498

Program services were 76.9% 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

    $6,502,903

  • 1g · Noncash contributions included above

    $170,103

  • 2a · Program service revenue: INSTRUCTIONAL

    total $14,536,878 · related or exempt $14,536,878

  • 2b · Program service revenue: AUXILIARY

    total $3,326,007 · related or exempt $3,326,007

  • 3 · Investment income

    total $3,212,283 · excluded $3,212,283

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

    securities $146,962

  • 7c · Gain or loss

    securities -$146,962

  • 7d · Net gain or loss

    total -$146,962 · excluded -$146,962

  • 11a · Other revenue: MISCELLANEOUS

    total $61,825 · related or exempt $61,825

  • 11b · Other revenue: BAD DEBTS RECOVERED

    total $37,730 · related or exempt $37,730

  • 11c · Other revenue: INCR CSV INSURANCE

    total $6,237 · related or exempt $6,237

  • 11d · All other revenue

    total $3,905 · related or exempt $3,905

  • 11e · Other revenue, total

    $109,697

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $4,556,567 · program services $4,556,567

  • 3 · Grants to foreign organizations and individuals

    total $698,730 · program services $698,730

  • 5 · Compensation of officers, directors and key employees

    total $491,001 · management and general $491,001

  • 7 · Other salaries and wages

    total $7,631,686 · program services $4,615,698 · management and general $2,314,650 · fundraising $701,338

  • 8 · Pension plan contributions

    total $688,754 · program services $391,383 · management and general $237,902 · fundraising $59,469

  • 9 · Other employee benefits

    total $1,334,251 · program services $815,762 · management and general $518,439 · fundraising $50

  • 10 · Payroll taxes

    total $567,835 · program services $322,671 · management and general $196,135 · fundraising $49,029

  • 11b · Fees: legal

    total $46,565 · management and general $46,565

  • 11c · Fees: accounting

    total $118,902 · program services $20,816 · management and general $98,086

  • 11g · Fees: other

    total $2,285,717 · program services $1,868,615 · management and general $234,111 · fundraising $182,991

  • 12 · Advertising and promotion

    total $53,691 · management and general $53,691

  • 13 · Office expenses

    total $883,522 · program services $709,295 · management and general $32,802 · fundraising $141,425

  • 16 · Occupancy

    total $1,028,748 · program services $917,996 · management and general $61,723 · fundraising $49,029

  • 17 · Travel

    total $298,154 · program services $47,947 · management and general $147,097 · fundraising $103,110

  • 19 · Conferences, conventions and meetings

    total $161,672 · program services $25,705 · management and general $122,262 · fundraising $13,705

  • 20 · Interest

    total $837,979 · program services $754,181 · management and general $75,418 · fundraising $8,380

  • 22 · Depreciation, depletion and amortization

    total $2,524,576 · program services $2,272,118 · management and general $227,212 · fundraising $25,246

  • 23 · Insurance

    total $456,625 · program services $410,963 · management and general $41,096 · fundraising $4,566

  • 24a · Other expenses: MISCELLANEOUS EXPENSES

    total $2,556,963 · program services $2,502,282 · management and general $43,365 · fundraising $11,316

  • 24b · Other expenses: INVESTMENT EXPENSES

    total $188,850 · program services $188,850

  • 24c · Other expenses: MEMBERSHIPS

    total $79,432 · program services $70,919 · management and general $8,513

  • 24d · Other expenses: BAD DEBT

    total $75,000 · management and general $75,000

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $4,897,386 · end of year $4,968,747

  • 2 · Savings and temporary cash investments

    beginning of year $3,244,499 · end of year $2,400,053

  • 3 · Pledges and grants receivable

    beginning of year $612,680 · end of year $2,330,515

  • 9 · Prepaid expenses and deferred charges

    beginning of year $2,283,622 · end of year $1,439,224

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

    $98,344,492

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

    $54,770,218

  • 10c · Land, buildings and equipment, net

    beginning of year $44,028,132 · end of year $43,574,274

  • 11 · Investments: publicly traded securities

    beginning of year $36,803,794 · end of year $40,432,896

  • 12 · Investments: other securities

    beginning of year $10,524,243 · end of year $8,660,670

  • 15 · Other assets

    beginning of year $4,457,355 · end of year $4,820,355

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,917,320 · end of year $2,170,254

  • 19 · Deferred revenue

    beginning of year $3,810,267 · end of year $2,851,623

  • 20 · Tax-exempt bond liabilities

    beginning of year $10,680,886 · end of year $9,840,547

  • 27 · Net assets without donor restrictions

    beginning of year $53,796,754 · end of year $50,496,469

  • 28 · Net assets with donor restrictions

    beginning of year $36,646,484 · end of year $43,267,841

Mission and programs · 2023

Mission

TRINITY-PAWLING SCHOOL WILL PROVIDE AN EDUCATIONAL EXPERIENCE THAT MAKES A TRANSFORMATIONAL DIFFERENCE IN THE LIVES OF ITS STUDENTS BY ENABLING THEM TO DISCOVER AND PURSUE THEIR DISTINCTIVE GIFTS AND TALENTS.

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 $14,185,384 · Grants $5,255,297 · Revenue $14,646,575

  • 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 $7,005,114 · Revenue $3,326,007

As filed on the 2023 return.

Listed in Part VII

  • William A Taylor

    HEAD OF SCHOOL/VICE PRESID

    Total calculated
    $621,695
    From this org
    $471,880
    From related orgs
    $0
    Other
    $149,815
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $471,880
    Bonus
    $0
    Other
    $0
    Deferred
    $58,260
    Nontaxable benefits
    $91,555
    Filer's total
    $621,695

  • 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
    $128,941
    From this org
    $117,086
    From related orgs
    $0
    Other
    $11,855
    Hours/week
    50

  • Daniel Tompkins

    DIRECTOR OF FACILITIES

    Total calculated
    $150,308
    From this org
    $137,867
    From related orgs
    $0
    Other
    $12,441
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $137,867
    Bonus
    $0
    Other
    $0
    Deferred
    $12,441
    Nontaxable benefits
    $0
    Filer's total
    $150,308

  • Eleanor Erickson

    DIRECTOR OF ADVANCEMENT

    Total calculated
    $205,525
    From this org
    $177,193
    From related orgs
    $0
    Other
    $28,332
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $177,193
    Bonus
    $0
    Other
    $0
    Deferred
    $11,319
    Nontaxable benefits
    $17,013
    Filer's total
    $205,525

  • Jeff Beck

    DIRECTOR OF ADMISSION

    Total calculated
    $133,202
    From this org
    $125,183
    From related orgs
    $0
    Other
    $8,019
    Hours/week
    50

  • Marilyn Lashlee

    DIRECTOR OF HEALTH AND WEL

    Total calculated
    $126,655
    From this org
    $119,737
    From related orgs
    $0
    Other
    $6,918
    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

  • Henry B Dupont

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Morton L Fearey

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Charles E Stewart

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Daniel V Parker

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Bryan Turner

    DIRECTOR OF TECHNOLOGY

    Total calculated
    $111,196
    From this org
    $101,579
    From related orgs
    $0
    Other
    $9,617
    Hours/week
    50

  • Glenn C Carey

    CHIEF OPERATING OFFICER

    Total calculated
    $346,288
    From this org
    $301,596
    From related orgs
    $0
    Other
    $44,692
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $301,596
    Bonus
    $0
    Other
    $0
    Deferred
    $36,810
    Nontaxable benefits
    $7,882
    Filer's total
    $346,288

  • Ronald Gallagher

    MANAGER OF MAINTENANCE

    Total calculated
    $139,511
    From this org
    $124,786
    From related orgs
    $0
    Other
    $14,725
    Hours/week
    50

  • William Dunham

    ASSISTANT DIRECTOR OF COLL

    Total calculated
    $116,240
    From this org
    $103,535
    From related orgs
    $0
    Other
    $12,705
    Hours/week
    50

  • Thomas Morris

    ASSOCIATE HEAD OF SCHOOL

    Total calculated
    $178,752
    From this org
    $152,137
    From related orgs
    $0
    Other
    $26,615
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $152,137
    Bonus
    $0
    Other
    $0
    Deferred
    $9,602
    Nontaxable benefits
    $17,013
    Filer's total
    $178,752

  • Amy Bocompani

    BUSINESS MANAGER

    Total calculated
    $120,140
    From this org
    $112,142
    From related orgs
    $0
    Other
    $7,998
    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 $60,000, $1,200, AND $1,200, RESPECTIVELY). 2. DISCRETIONARY FUND OF $12,142 (INCLUDES CLUB MEMBERSHIP OF $7,487). 3. TRAVEL FOR WIFE. 4. MAID SERVICE. THOMAS MORRIS (ASSOCIATE HEAD OF SCHOOL): 1. HOUSING AND CABLE (APPROXIMATELY $48,000 AND $1,200, RESPECTIVELY).
PART I, LINE 4B
THE ORGANIZATION PROVIDES THE FOLLOWING FOR: WILLIAM W. TAYLOR (HEADMASTER): 1. $20,160 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
2023
Filed
15 May 2025
IRS schema version
2023v6.0
Source object
202511339349304911

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