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Nonprofiteer
← MARK DAY SCHOOL

Form 990 for tax year 2024

Filed by MARK DAY SCHOOL.

Totals

Total revenue
$23,012,568
Total expenses
$21,622,723
Contributions and grants received
$3,279,315
Grants paid
$3,267,446
Program service revenue
$18,082,456
Investment income
$1,619,877
Other revenue
$30,920
Total assets, end of year
$61,683,062
Total liabilities, end of year
$32,193,429
Net assets or fund balances, end of year
$29,489,633
Program services expenses (Part IX)
$16,969,239
Management and general expenses
$4,134,887
Fundraising expenses
$518,597
Program service expenses (Part III)
$16,969,239

Program services were 78.5% 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.

  • 1f · All other contributions, gifts and grants

    $3,279,315

  • 1g · Noncash contributions included above

    $168,410

  • 2a · Program service revenue: TUITION AND FEES

    total $17,380,152 · related or exempt $17,380,152

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

    total $702,304 · related or exempt $702,304

  • 3 · Investment income

    total $948,810 · excluded $948,810

  • 7a · Gross sales of assets other than inventory

    securities $2,063,883

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

    securities $1,392,816

  • 7c · Gain or loss

    securities $671,067

  • 7d · Net gain or loss

    total $671,067 · excluded $671,067

  • 11a · Other revenue: OTHER INCOME

    total $17,159 · excluded $17,159

  • 11b · Other revenue: FORFEITED RESERVATION

    total $13,761 · excluded $13,761

  • 11e · Other revenue, total

    $30,920

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $3,249,446 · program services $3,249,446

  • 3 · Grants to foreign organizations and individuals

    total $18,000 · program services $18,000

  • 5 · Compensation of officers, directors and key employees

    total $2,123,115 · program services $756,345 · management and general $1,049,764 · fundraising $317,006

  • 7 · Other salaries and wages

    total $8,542,185 · program services $6,916,216 · management and general $1,531,737 · fundraising $94,232

  • 8 · Pension plan contributions

    total $547,887 · program services $403,599 · management and general $133,884 · fundraising $10,404

  • 9 · Other employee benefits

    total $1,162,536 · program services $984,166 · management and general $178,370

  • 10 · Payroll taxes

    total $544,501 · program services $402,649 · management and general $131,623 · fundraising $10,229

  • 11b · Fees: legal

    total $58,116 · management and general $58,116

  • 11c · Fees: accounting

    total $56,000 · management and general $56,000

  • 11f · Fees: investment management

    total $34,574 · management and general $34,574

  • 11g · Fees: other

    total $322,291 · program services $160,059 · management and general $134,562 · fundraising $27,670

  • 12 · Advertising and promotion

    total $70,676 · management and general $70,676

  • 13 · Office expenses

    total $243,282 · management and general $243,282

  • 16 · Occupancy

    total $1,520,183 · program services $1,359,710 · management and general $128,378 · fundraising $32,095

  • 17 · Travel

    total $469,790 · program services $469,790

  • 19 · Conferences, conventions and meetings

    total $209,148 · program services $111,203 · management and general $97,945

  • 20 · Interest

    total $174,885 · program services $156,424 · management and general $14,769 · fundraising $3,692

  • 22 · Depreciation, depletion and amortization

    total $932,023 · program services $833,637 · management and general $78,709 · fundraising $19,677

  • 23 · Insurance

    total $170,160 · program services $152,198 · management and general $14,370 · fundraising $3,592

  • 24a · Other expenses: STUDENT ACTIVITIES/AUXI

    total $617,762 · program services $461,352 · management and general $156,410

  • 24b · Other expenses: OUTDOOR EDUCATION

    total $501,193 · program services $479,475 · management and general $21,718

  • 24c · Other expenses: INSTRUCTIONAL OTHER

    total $54,970 · program services $54,970

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $193,225 · end of year $244,756

  • 2 · Savings and temporary cash investments

    beginning of year $16,698,002 · end of year $14,294,647

  • 3 · Pledges and grants receivable

    beginning of year $434,292 · end of year $946,626

  • 4 · Accounts receivable

    beginning of year $7,046,783 · end of year $7,468,901

  • 9 · Prepaid expenses and deferred charges

    beginning of year $85,329 · end of year $430,339

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

    $24,927,701

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

    $11,421,800

  • 10c · Land, buildings and equipment, net

    beginning of year $12,278,716 · end of year $13,505,901

  • 11 · Investments: publicly traded securities

    beginning of year $13,468,750 · end of year $16,118,980

  • 15 · Other assets

    beginning of year $8,992,168 · end of year $8,672,912

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,873,456 · end of year $2,203,051

  • 19 · Deferred revenue

    beginning of year $14,514,494 · end of year $15,164,415

  • 20 · Tax-exempt bond liabilities

    beginning of year $6,354,655 · end of year $6,093,928

  • 25 · Other liabilities

    beginning of year $9,049,047 · end of year $8,732,035

  • 27 · Net assets without donor restrictions

    beginning of year $19,457,785 · end of year $19,868,154

  • 28 · Net assets with donor restrictions

    beginning of year $7,947,828 · end of year $9,621,479

Mission and programs · 2024

Mission

INNOVATIVE AND FULL OF HEART, MARK DAY SCHOOL NURTURES EACH CHILD TO PURSUE THEIR CURIOSITY, THINK CRITICALLY, EMBRACE CHALLENGE WITH COURAGE AND JOY, AND WORK IN PARTNERSHIP WITH OTHERS TO BUILD MORE CARING AND INCLUSIVE COMMUNITIES.

Activities or mission (Part I)

SEE SCHEDULE OINNOVATIVE AND FULL OF HEART, MARK DAY SCHOOL NURTURES EACH CHILD TO PURSUE THEIR CURIOSITY, THINK CRITICALLY, EMBRACE CHALLENGE WITH COURAGE AND JOY, AND WORK IN PARTNERSHIP WITH OTHERS TO BUILD MORE CARING AND INCLUSIVE COMMUNITIES.

  • MARK DAY SCHOOL IS AN INDEPENDENT, ALL GENDER SCHOOL FOR 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 TAIWAN AND SOUTH AFRICA. FOLLOWING GRADUATION, MARK DAY SCHOOL ALUMNI MATRICULATE (CONTINUED SCHEDULE O)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 $16,969,239 · Grants $3,267,446 · Revenue $18,082,456

As filed on the 2024 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
    $566,277
    From this org
    $442,495
    From related orgs
    $0
    Other
    $123,782
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $442,495
    Bonus
    $0
    Other
    $0
    Deferred
    $108,875
    Nontaxable benefits
    $14,907
    Filer's total
    $566,277

  • Sara Egide

    PRESIDENT

    Total calculated
    $0
    Hours/week
    5

  • Chris Abate

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    5

  • Megan Mariani

    TREASURER

    Total calculated
    $0
    Hours/week
    5

  • Mike Beck

    ASSISTANT TREASURER

    Total calculated
    $0
    Hours/week
    5

  • Paul Austin

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Ben Barad

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Carolyn Bojanowski

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Ryan Brown

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Jessica Clifton

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Dom Cox

    TEACHER, TRUSTEE

    Total calculated
    $104,384
    From this org
    $86,884
    From related orgs
    $0
    Other
    $17,500
    Hours/week
    40

  • Prathap Dendi

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Scott Faber

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Pat Flemming

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Rika Gopinath

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Chelsea Ialeggio

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Andrew Kawahara

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Andy Kelly

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Vanessa McKinley

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Alicia Rockefeller

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Katie Shannon

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Quoc Tran

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • April Underwood

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Andrea Urda-Rijo

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Tiffany Westwater

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Bella Chang

    CHIEF FINANCIAL OFFICER

    Total calculated
    $266,125
    From this org
    $237,391
    From related orgs
    $0
    Other
    $28,734
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $237,391
    Bonus
    $0
    Other
    $0
    Deferred
    $17,170
    Nontaxable benefits
    $11,564
    Filer's total
    $266,125

  • Bonnie Nishihara

    ASSISTANT HEAD OF SCHOOL

    Total calculated
    $224,572
    From this org
    $190,330
    From related orgs
    $0
    Other
    $34,242
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $190,330
    Bonus
    $0
    Other
    $0
    Deferred
    $20,090
    Nontaxable benefits
    $14,152
    Filer's total
    $224,572

  • David Hickman

    HEAD OF UPPER SCHOOL

    Total calculated
    $201,987
    From this org
    $172,397
    From related orgs
    $0
    Other
    $29,590
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $172,397
    Bonus
    $0
    Other
    $0
    Deferred
    $14,751
    Nontaxable benefits
    $14,839
    Filer's total
    $201,987

  • Margaret Bendicksen

    HEAD OF LOWER SCHOOL

    Total calculated
    $213,382
    From this org
    $189,460
    From related orgs
    $0
    Other
    $23,922
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $189,460
    Bonus
    $0
    Other
    $0
    Deferred
    $11,966
    Nontaxable benefits
    $11,956
    Filer's total
    $213,382

  • Wendy Levine

    DIRECTOR OF DEVELOPMENT

    Total calculated
    $183,111
    From this org
    $159,930
    From related orgs
    $0
    Other
    $23,181
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $159,930
    Bonus
    $0
    Other
    $0
    Deferred
    $12,045
    Nontaxable benefits
    $11,136
    Filer's total
    $183,111

  • Katherine Kelso

    DIRECTOR OF ADMISSION

    Total calculated
    $160,535
    From this org
    $132,884
    From related orgs
    $0
    Other
    $27,651
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $132,884
    Bonus
    $0
    Other
    $0
    Deferred
    $8,614
    Nontaxable benefits
    $19,037
    Filer's total
    $160,535

  • Fernanda Pernambuco

    DIR OF PART., EQUITY, INCLUSION

    Total calculated
    $179,951
    From this org
    $151,181
    From related orgs
    $0
    Other
    $28,770
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $151,181
    Bonus
    $0
    Other
    $0
    Deferred
    $9,548
    Nontaxable benefits
    $19,222
    Filer's total
    $179,951

  • Wes Howell

    DIR. OF FACILITIES, SAFETY, & OPS.

    Total calculated
    $161,592
    From this org
    $140,412
    From related orgs
    $0
    Other
    $21,180
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $140,412
    Bonus
    $0
    Other
    $0
    Deferred
    $10,167
    Nontaxable benefits
    $11,013
    Filer's total
    $161,592

  • Lisa Becker

    FIRST GRADE TEACHER

    Total calculated
    $161,187
    From this org
    $131,945
    From related orgs
    $0
    Other
    $29,242
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $131,945
    Bonus
    $0
    Other
    $0
    Deferred
    $10,039
    Nontaxable benefits
    $19,203
    Filer's total
    $161,187

  • Brian Wilkerson

    MUSIC TEACHER

    Total calculated
    $155,316
    From this org
    $128,141
    From related orgs
    $0
    Other
    $27,175
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $128,141
    Bonus
    $0
    Other
    $0
    Deferred
    $8,324
    Nontaxable benefits
    $18,851
    Filer's total
    $155,316

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 · 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, JOSEPH HARVEY, RECEIVES A HOUSING ALLOWANCE OF $84,336, REPORTED ON SCHEDULE J, PART II, B(I).
PART I, LINE 4B
THE SCHOOL ESTABLISHED A 457(F) SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN WITH ONE OF ITS EXECUTIVE EMPLOYEES. THE AMOUNT ACCRUED DURING 2024 CALENDAR YEAR WAS $75,000 AND IT HAS BEEN INCLUDED ON SCHEDULE J, PART II, COLUMN (C).

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
14 April 2026
IRS schema version
2024v5.5
Source object
202611049349301636

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