Totals
- Total revenue
- $20,447,499
- Total expenses
- $21,053,464
- Contributions and grants received
- $2,090,328
- Grants paid
- $5,062,501
- Program service revenue
- $17,975,188
- Investment income
- $207,443
- Other revenue
- $174,540
- Total assets, end of year
- $38,557,269
- Total liabilities, end of year
- $5,102,770
- Net assets or fund balances, end of year
- $33,454,499
- Program services expenses (Part IX)
- $17,833,647
- Management and general expenses
- $2,569,266
- Fundraising expenses
- $650,551
- Program service expenses (Part III)
- $17,833,647
Program services were 84.7% 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.
-
1a · Federated campaigns
$29,550
-
1f · All other contributions, gifts and grants
$2,060,778
-
1g · Noncash contributions included above
$81,887
-
2a · Program service revenue: TUITION AND FEES
total $14,929,979 · related or exempt $14,929,979
-
2b · Program service revenue: INFANT TODDLER CARE
total $2,671,177 · related or exempt $2,671,177
-
2c · Program service revenue: CAMPS REVENUE
total $227,594 · related or exempt $227,594
-
2d · Program service revenue: ENRICHMENT PROGRAMS
total $146,438 · related or exempt $146,438
-
3 · Investment income
total $207,443 · excluded $207,443
-
6a · Gross rents
real property $29,540
-
6b · Less rental expenses
real property $0
-
6c · Rental income or loss
real property $29,540
-
6d · Net rental income or loss
total $29,540 · excluded $29,540
-
7a · Gross sales of assets other than inventory
securities $49,171
-
7b · Less cost or other basis and sales expenses
securities $49,171
-
7c · Gain or loss
securities $0
-
10a · Gross sales of inventory
$3,989
-
10b · Cost of goods sold
$3,571
-
10c · Net income from sales of inventory
total $418 · excluded $418
-
11a · Other revenue: INTERNATIONAL SCHOOL TRIPS
total $66,413 · related or exempt $66,413
-
11b · Other revenue: MISCELLANEOUS INCOME
total $53,705 · excluded $53,705
-
11c · Other revenue: BOOK FESTIVAL
total $24,464 · excluded $24,464
-
11e · Other revenue, total
$144,582
Functional expenses
Part IX, the statement of functional expenses.
-
2 · Grants to domestic individuals
total $5,062,501 · program services $5,062,501
-
5 · Compensation of officers, directors and key employees
total $583,682 · program services $519,477 · management and general $52,531 · fundraising $11,674
-
7 · Other salaries and wages
total $8,023,150 · program services $6,047,113 · management and general $1,606,746 · fundraising $369,291
-
8 · Pension plan contributions
total $295,482 · program services $221,895 · management and general $59,832 · fundraising $13,755
-
9 · Other employee benefits
total $1,344,500 · program services $1,187,253 · management and general $127,874 · fundraising $29,373
-
10 · Payroll taxes
total $726,338 · program services $559,123 · management and general $135,990 · fundraising $31,225
-
11b · Fees: legal
total $14,319 · management and general $14,319
-
11c · Fees: accounting
total $27,274 · management and general $27,274
-
11f · Fees: investment management
total $70,538 · management and general $70,538
-
11g · Fees: other
total $246,759 · program services $121,212 · management and general $58,784 · fundraising $66,763
-
12 · Advertising and promotion
total $72,056 · program services $5,084 · management and general $66,972
-
13 · Office expenses
total $465,237 · program services $248,109 · management and general $128,988 · fundraising $88,140
-
14 · Information technology
total $263,247 · program services $262,323 · management and general $924
-
16 · Occupancy
total $223,918 · program services $205,056 · management and general $16,548 · fundraising $2,314
-
17 · Travel
total $144,023 · program services $139,195 · management and general $1,552 · fundraising $3,276
-
20 · Interest
total $133,681 · program services $133,681
-
22 · Depreciation, depletion and amortization
total $1,152,490 · program services $1,055,411 · management and general $85,173 · fundraising $11,906
-
23 · Insurance
total $99,336 · program services $89,043 · management and general $9,031 · fundraising $1,262
-
24a · Other expenses: OTHER PROGRAM EXPENSES
total $1,007,296 · program services $1,007,296
-
24b · Other expenses: MEALS - DINING ROOM
total $440,837 · program services $440,837
-
24c · Other expenses: BUILDING MAINTENANCE
total $405,999 · program services $371,802 · management and general $30,002 · fundraising $4,195
-
24d · Other expenses: OUTSIDE PROGRAMS
total $111,193 · program services $111,193
-
24e · All other expenses
total $139,608 · program services $46,043 · management and general $76,188 · fundraising $17,377
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $32,265 · end of year $150,572
-
2 · Savings and temporary cash investments
beginning of year $4,210,900 · end of year $4,497,477
-
3 · Pledges and grants receivable
beginning of year $197,421 · end of year $208,822
-
4 · Accounts receivable
beginning of year $97,690 · end of year $176,320
-
8 · Inventories for sale or use
beginning of year $3,457 · end of year $5,971
-
9 · Prepaid expenses and deferred charges
beginning of year $38,599 · end of year $20,421
-
10a · Land, buildings and equipment: cost or other basis
$32,576,631
-
10b · Land, buildings and equipment: accumulated depreciation
$17,266,195
-
10c · Land, buildings and equipment, net
beginning of year $15,750,257 · end of year $15,310,436
-
11 · Investments: publicly traded securities
beginning of year $2,191,790 · end of year $2,428,517
-
15 · Other assets
beginning of year $14,858,851 · end of year $15,758,733
-
17 · Accounts payable and accrued expenses
beginning of year $1,142,128 · end of year $1,192,147
-
19 · Deferred revenue
beginning of year $1,161,932 · end of year $1,064,623
-
23 · Secured mortgages and notes payable
beginning of year $2,827,421 · end of year $2,762,181
-
25 · Other liabilities
beginning of year $102,445 · end of year $83,819
-
27 · Net assets without donor restrictions
beginning of year $10,895,514 · end of year $10,306,733
-
28 · Net assets with donor restrictions
beginning of year $21,251,790 · end of year $23,147,766
Mission and programs · 2023
Mission
LINCOLN SCHOOL'S DYNAMIC ACADEMIC PROGRAM, ROOTED IN QUAKER PRINCIPLES, EDUCATES GIRLS TO FEARLESSLY EMBRACE THE OPPORTUNITIES AND RESPONSIBILITIES OF FULL CITIZENSHIP IN A COMPLEX WORLD.
Activities or mission (Part I)
TO PROVIDE AN INDEPENDENT COLLEGE PREPARATORY SCHOOL FOR GIRLS WHERE HIGH ACADEMIC AND ETHICAL STANDARDS CHALLENGE STUDENTS FROM NURSERY THROUGH GRADE TWELVE TO NURTURE THEIR SPECIAL TALENTS AND INTERESTS.
-
INSTRUCTIONAL SERVICES - PROGRAMS FOR STUDENTS IN NURSERY SCHOOL THROUGH GRADE TWELVE.
Expenses $17,550,106 · Grants $5,062,501 · Revenue $14,996,392
-
INFANT TODDLER CARE - INFANT AND TODDLER DAYCARE SERVICES.
Expenses $125,689 · Revenue $2,671,177
-
ENRICHMENT AND EXTENDED DAY - PROGRAMS DESIGNED FOR STUDENTS TO PARTICIPATE IN EXTRACURRICULAR ACTIVITIES AND EXTENDED DAY CARE AFTER SCHOOL HOURS.
Expenses $7,176 · Revenue $374,032
-
Expenses $150,676
As filed on the 2023 return.
Listed in Part VII
-
Russell CareyRUSSELL CAREY
PRESIDENT
- Total calculated
- $0
- Hours/week
- 2
-
Kim Sprague AndersonKIM SPRAGUE ANDERSON
VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 2
-
Kathrin Pagonis BelliveauKATHRIN PAGONIS BELLIVEAU
VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 2
-
Nancy Nahigian TavitianNANCY NAHIGIAN TAVITIAN
VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 2
-
Jane Palestine JamiesonJANE PALESTINE JAMIESON
PAST PRESIDENT
- Total calculated
- $0
- Hours/week
- 2
-
Jim CaseyJIM CASEY
SECRETARY
- Total calculated
- $0
- Hours/week
- 2
-
Joanne ChangJOANNE CHANG
TREASURER
- Total calculated
- $0
- Hours/week
- 2
-
Siraj AmanullahSIRAJ AMANULLAH
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Patricia Samors BentonPATRICIA SAMORS BENTON
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Dave Caldwell JrDAVE CALDWELL JR
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Sarah CondeSARAH CONDE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Joan CountrymanJOAN COUNTRYMAN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Cara Millard CromwellCARA MILLARD CROMWELL
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Christopher DownsCHRISTOPHER DOWNS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Margaret Field KellyMARGARET FIELD KELLY
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Kirsten E KenneyKIRSTEN E KENNEY
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Leticia LopesLETICIA LOPES
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Brendan McNallyBRENDAN MCNALLY
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Mih-Ho Cha NeenanMIH-HO CHA NEENAN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Liz NewtonLIZ NEWTON
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Denis RocheDENIS ROCHE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Jai-Me Potter RutledgeJAI-ME POTTER RUTLEDGE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Matt SneiderMATT SNEIDER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Sophie G LauSOPHIE G LAU
HEAD OF SCHOOL
- Total calculated
- $403,055
- From this org
- $325,715
- From related orgs
- $0
- Other
- $77,340
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $298,965
- Bonus
- $20,000
- Other
- $6,750
- Deferred
- $15,723
- Nontaxable benefits
- $61,617
- Filer's total
- $403,055
-
Brenda L KonopelkoBRENDA L KONOPELKO
CHIEF FINANCIAL OFFICER
- Total calculated
- $192,421
- From this org
- $172,639
- From related orgs
- $0
- Other
- $19,782
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $172,639
- Bonus
- $0
- Other
- $0
- Deferred
- $8,828
- Nontaxable benefits
- $10,954
- Filer's total
- $192,421
-
Susan A FarnumSUSAN A FARNUM
DIRECTOR OF ADMISSIONS
- Total calculated
- $157,490
- From this org
- $149,725
- From related orgs
- $0
- Other
- $7,765
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $149,725
- Bonus
- $0
- Other
- $0
- Deferred
- $6,061
- Nontaxable benefits
- $1,704
- Filer's total
- $157,490
-
Deborah Elwell HanneyDEBORAH ELWELL HANNEY
DIRECTOR OF MIDDLE SCHOOL
- Total calculated
- $166,431
- From this org
- $131,479
- From related orgs
- $0
- Other
- $34,952
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $131,479
- Bonus
- $0
- Other
- $0
- Deferred
- $6,243
- Nontaxable benefits
- $28,709
- Filer's total
- $166,431
-
Kimberly A LoughKIMBERLY A LOUGH
DIRECTOR OF LITTLE SCHOOL
- Total calculated
- $132,863
- From this org
- $127,012
- From related orgs
- $0
- Other
- $5,851
- Hours/week
- 40
-
Ianthe HershbergerIANTHE HERSHBERGER
LOWER SCHOOL DIRECTOR
- Total calculated
- $128,155
- From this org
- $115,452
- From related orgs
- $0
- Other
- $12,703
- Hours/week
- 40
-
Barret FabrisBARRET FABRIS
DIR. OF DIVERSITY, EQUITY, INCLUSION
- Total calculated
- $110,632
- From this org
- $103,971
- From related orgs
- $0
- Other
- $6,661
- 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
- 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
- 7 · Other non-fixed payments
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
- 8 · Paid under the initial-contract exception
The filer's explanations (Part III)
- PART I, LINE 1A
- THE HEAD OF SCHOOL IS PROVIDED WITH A RESIDENCE ON THE UPPER TWO FLOORS OF A HOUSE THAT IS OWNED BY LINCOLN SCHOOL. THE BOTTOM FLOOR OF THE RESIDENCE IS USED BY THE HEAD TO ENTERTAIN CURRENT AND POTENTIAL STUDENTS AND THEIR FAMILIES, CONSTITUENTS OF THE SCHOOL, SUBSTANTIAL AND/OR POTENTIAL CONTRIBUTORS AND OTHERS WHO HAVE A DIRECT BUSINESS RELATIONSHIP WITH THE SCHOOL, AS WELL AS SCHOOL ACTIVITIES INCLUDING FACULTY AND/OR STAFF MEETINGS AND EVENTS. THE HOUSING BENEFIT IS TREATED AS NONTAXABLE COMPENSATION UNDER SECTION 119 OF THE INTERNAL REVENUE CODE, AS IT IS ON SCHOOL PREMISES, INCLUDED IN THE EMPLOYMENT CONTRACT, AND FOR THE CONVENIENCE OF LINCOLN SCHOOL. THE VALUE OF THE HOUSING BENEFIT OF $36,000 IS INCLUDED IN PART II, COLUMN (D) NONTAXABLE BENEFITS, FOR SOPHIE G. LAU IN CALENDAR YEAR 2023.
- PART I, LINE 7
- INDIVIDUALS INCLUDED IN SCHEDULE J, PART II RECEIVED A DISCRETIONARY BONUS DURING CALENDAR YEAR 2023, WHICH WAS INCLUDED IN COLUMN B(II) HEREIN AND IN THEIR 2023 FORM W-2, BOX 5, AS TAXABLE MEDICARE WAGES.
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
- 202521359349310372
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