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Nonprofiteer
← HIGHLANDS DAY SCHOOL FOUNDATION

Form 990 for tax year 2023

Filed by HIGHLANDS DAY SCHOOL FOUNDATION.

Totals

Total revenue
$8,235,453
Total expenses
$8,250,266
Contributions and grants received
$425,967
Grants paid
$457,128
Program service revenue
$7,325,040
Investment income
$333,303
Other revenue
$151,143
Total assets, end of year
$19,604,706
Total liabilities, end of year
$4,628,651
Net assets or fund balances, end of year
$14,976,055
Program services expenses (Part IX)
$6,914,501
Management and general expenses
$1,274,903
Fundraising expenses
$60,862
Program service expenses (Part III)
$6,914,501

Program services were 83.8% 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

    $425,967

  • 2a · Program service revenue: TUITION AND FEES

    total $5,953,250 · related or exempt $5,953,250

  • 2b · Program service revenue: FAMILY CENTER FEES

    total $549,475 · related or exempt $549,475

  • 2c · Program service revenue: EXTENDED DAY PROGRAM

    total $344,622 · related or exempt $344,622

  • 2d · Program service revenue: SUMMER PROGRAM FEE

    total $307,636 · related or exempt $307,636

  • 2e · Program service revenue: TRIP FEES

    total $116,300 · related or exempt $116,300

  • 2f · All other program service revenue

    total $53,757 · related or exempt $53,757

  • 3 · Investment income

    total $265,980 · excluded $265,980

  • 6a · Gross rents

    real property $9,900

  • 6b · Less rental expenses

    real property $19,545

  • 6c · Rental income or loss

    real property -$9,645

  • 6d · Net rental income or loss

    total -$9,645 · related or exempt -$9,645

  • 7a · Gross sales of assets other than inventory

    securities $67,323

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

    securities $0

  • 7c · Gain or loss

    securities $67,323

  • 7d · Net gain or loss

    total $67,323 · excluded $67,323

  • 8a · Fundraising events: gross income

    $181,266

  • 8b · Fundraising events: direct expenses

    $20,478

  • 8c · Net income from fundraising events

    total $160,788 · excluded $160,788

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $457,128 · program services $457,128

  • 5 · Compensation of officers, directors and key employees

    total $378,877 · program services $94,421 · management and general $282,095 · fundraising $2,361

  • 7 · Other salaries and wages

    total $4,107,540 · program services $3,716,908 · management and general $386,490 · fundraising $4,142

  • 8 · Pension plan contributions

    total $145,583 · program services $113,526 · management and general $28,447 · fundraising $3,610

  • 9 · Other employee benefits

    total $255,925 · program services $191,072 · management and general $58,776 · fundraising $6,077

  • 10 · Payroll taxes

    total $296,375 · program services $254,173 · management and general $42,202

  • 11f · Fees: investment management

    total $23,462 · management and general $23,462

  • 11g · Fees: other

    total $70,615 · management and general $70,615

  • 12 · Advertising and promotion

    total $60,688 · management and general $60,688

  • 14 · Information technology

    total $26,822 · management and general $26,822

  • 16 · Occupancy

    total $467,835 · program services $446,822 · management and general $21,013

  • 20 · Interest

    total $70,789 · program services $70,789

  • 22 · Depreciation, depletion and amortization

    total $626,393 · program services $603,064 · management and general $23,329

  • 23 · Insurance

    total $96,374 · program services $22,087 · management and general $74,287

  • 24a · Other expenses: INSTRUCTIONAL AND PROGR

    total $722,819 · program services $712,386 · management and general $10,433

  • 24b · Other expenses: OFFICE SUPPLIES, POSTAG

    total $95,678 · program services $47,960 · management and general $47,718

  • 24c · Other expenses: REPAIRS AND MAINTENANCE

    total $79,173 · program services $77,173 · management and general $2,000

  • 24d · Other expenses: STAFF DEVELOPMENT

    total $51,805 · program services $16,789 · management and general $35,016

  • 24e · All other expenses

    total $216,385 · program services $90,203 · management and general $81,510 · fundraising $44,672

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $4,168,744 · end of year $4,189,075

  • 3 · Pledges and grants receivable

    beginning of year $9,537 · end of year $0

  • 4 · Accounts receivable

    beginning of year $157,544 · end of year $69,381

  • 9 · Prepaid expenses and deferred charges

    beginning of year $183,715 · end of year $111,193

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

    $18,720,164

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

    $8,466,677

  • 10c · Land, buildings and equipment, net

    beginning of year $10,523,163 · end of year $10,253,487

  • 11 · Investments: publicly traded securities

    beginning of year $4,397,305 · end of year $4,981,570

  • 17 · Accounts payable and accrued expenses

    beginning of year $409,407 · end of year $541,654

  • 19 · Deferred revenue

    beginning of year $2,680,908 · end of year $2,271,918

  • 20 · Tax-exempt bond liabilities

    beginning of year $1,882,188 · end of year $1,815,079

  • 27 · Net assets without donor restrictions

    beginning of year $13,926,835 · end of year $14,440,908

  • 28 · Net assets with donor restrictions

    beginning of year $540,670 · end of year $535,147

Mission and programs · 2023

Mission

TO PROVIDE A CHALLENGING ACADEMIC PROGRAM; TO CREATE A LOVE OF LEARNING IN EVERY STUDENT; TO INSTILL THE HABITS OF SUCCESS IN EVERY STUDENT; TO PREPARE THE STUDENT TO BE A RESPONSIBLE AND PRODUCTIVE MEMBER OF THE COMMUNITY.

Activities or mission (Part I)

SUPPORT AN INDEPENDENT SCHOOL EDUCATING CHILDREN THROUGH EIGHTH GRADE

  • THE FOUNDATION SUPPORTS AN INDEPENDENT SCHOOL FOR STUDENTS 4K THROUGH EIGHTH GRADE.

    Expenses $6,162,318 · Grants $457,128 · Revenue $6,430,943

  • THE FOUNDATION SUPPORTS AN EXTENDED DAY PROGRAM

    Expenses $281,906 · Revenue $344,622

  • THE FOUNDATION SUPPORTS A FAMILY CENTER FOR INFANTS THROUGH THREE YEARS OLD

    Expenses $470,277 · Revenue $549,475

As filed on the 2023 return.

Listed in Part VII

  • Anupam Agarwal

    BOARD OF TRUSTEES

    Total calculated
    $0
    Hours/week
    0

  • Derry Bunting

    BOARD OF TRUSTEES, EMERITU

    Total calculated
    $0
    Hours/week
    0

  • Hampton Stephens

    BOARD OF TRUSTEES

    Total calculated
    $0
    Hours/week
    0

  • Maye Head Frei

    BOARD OF TRUSTEES, EMERITUS

    Total calculated
    $0
    Hours/week
    0

  • Jake McKenzie

    BOARD OF TRUSTEES

    Total calculated
    $0
    Hours/week
    0

  • Amy Neiman

    BOARD OF TRUSTEES, VICE-PRESIDENT

    Total calculated
    $0
    Hours/week
    0

  • David Schwebel

    BOARD OF TRUSTEES

    Total calculated
    $0
    Hours/week
    0

  • Midge Miller

    BOARD OF TRUSTEES

    Total calculated
    $0
    Hours/week
    0

  • Kathryn McDonald

    BOARD OF TRUSTEES, PRESIDENT

    Total calculated
    $0
    Hours/week
    0

  • Elene Giattina

    BOARD OF TRUSTEES

    Total calculated
    $0
    Hours/week
    0

  • Gareth Vaughan

    BOARD OF TRUSTEES

    Total calculated
    $0
    Hours/week
    0

  • Mary Goodrich

    BOARD OF TRUSTEES, TREASUR

    Total calculated
    $0
    Hours/week
    0

  • Connie Hill

    BOARD OF TRUSTEES

    Total calculated
    $0
    Hours/week
    0

  • Lakisha Mack

    BOARD OF TRUSTEES

    Total calculated
    $0
    Hours/week
    0

  • Katharine Marx

    BOARD OF TRUSTEES

    Total calculated
    $0
    Hours/week
    0

  • Henna Budhwani

    BOARD OF TRUSTEES

    Total calculated
    $0
    Hours/week
    0

  • Jeffrey Bibbee

    BOARD OF TRUSTEES

    Total calculated
    $0
    Hours/week
    0

  • Scott Grover

    BOARD OF TRUSTEES, SECRETARY

    Total calculated
    $0
    Hours/week
    0

  • Michael Steiner

    BOARD OF TRUSTEES

    Total calculated
    $0
    Hours/week
    0

  • Hernando Carter

    BOARD OF TRUSTEES

    Total calculated
    $0
    Hours/week
    0

  • Gregory Harp

    BOARD OF TRUSTEES

    Total calculated
    $0
    Hours/week
    0

  • Kavita Vasil

    HEAD OF SCHOOL

    Total calculated
    $252,467
    From this org
    $244,337
    From related orgs
    $0
    Other
    $8,130
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $237,784
    Bonus
    $6,553
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $8,130
    Filer's total
    $252,467

  • Terry Thompson

    DIRECTOR OF FINANCE AND OP

    Total calculated
    $144,662
    From this org
    $133,103
    From related orgs
    $0
    Other
    $11,559
    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

  • 3 · Compensation committee
  • 3 · Written employment contract
  • 3 · Approval by the board or compensation committee

Answered no

  • 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
13 March 2025
IRS schema version
2023v6.0
Source object
202510739349301221

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