Totals
- Total revenue
- $35,836,079
- Total expenses
- $26,041,707
- Contributions and grants received
- $11,458,378
- Grants paid
- $9,971,293
- Program service revenue
- $23,257,557
- Investment income
- $1,113,119
- Other revenue
- $7,025
- Total assets, end of year
- $62,322,899
- Total liabilities, end of year
- $20,323,569
- Net assets or fund balances, end of year
- $41,999,330
- Program services expenses (Part IX)
- $21,394,640
- Management and general expenses
- $3,421,933
- Fundraising expenses
- $1,225,134
- Program service expenses (Part III)
- $21,394,640
Program services were 82.2% 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)
$622,309
-
1f · All other contributions, gifts and grants
$10,836,069
-
1g · Noncash contributions included above
$41,151
-
2a · Program service revenue: TUITION, FEES, AUX SERVICES
total $23,257,557 · related or exempt $23,257,557
-
3 · Investment income
total $843,113 · related or exempt $843,113
-
6a · Gross rents
real property $7,025
-
6c · Rental income or loss
real property $7,025
-
6d · Net rental income or loss
total $7,025 · excluded $7,025
-
7a · Gross sales of assets other than inventory
securities $2,726,232 · other assets $2,250
-
7b · Less cost or other basis and sales expenses
securities $2,457,652 · other assets $824
-
7c · Gain or loss
securities $268,580 · other assets $1,426
-
7d · Net gain or loss
total $270,006 · excluded $270,006
Functional expenses
Part IX, the statement of functional expenses.
-
2 · Grants to domestic individuals
total $9,971,293 · program services $9,971,293
-
5 · Compensation of officers, directors and key employees
total $1,082,783 · program services $285,516 · management and general $657,109 · fundraising $140,158
-
7 · Other salaries and wages
total $4,991,622 · program services $3,871,761 · management and general $543,501 · fundraising $576,360
-
8 · Pension plan contributions
total $178,843 · program services $136,980 · management and general $20,162 · fundraising $21,701
-
9 · Other employee benefits
total $953,926 · program services $670,069 · management and general $169,261 · fundraising $114,596
-
10 · Payroll taxes
total $422,002 · program services $289,071 · management and general $82,375 · fundraising $50,556
-
11b · Fees: legal
total $54,665 · management and general $54,665
-
11c · Fees: accounting
total $58,881 · management and general $58,881
-
11f · Fees: investment management
total $130,762 · management and general $130,762
-
11g · Fees: other
total $356,915 · program services $338,651 · management and general $9,157 · fundraising $9,107
-
12 · Advertising and promotion
total $405,787 · program services $13,434 · management and general $286,485 · fundraising $105,868
-
13 · Office expenses
total $142,500 · management and general $142,500
-
14 · Information technology
total $212,188 · management and general $209,213 · fundraising $2,975
-
16 · Occupancy
total $669,258 · program services $635,795 · management and general $20,078 · fundraising $13,385
-
17 · Travel
total $245,940 · program services $28,816 · management and general $143,087 · fundraising $74,037
-
19 · Conferences, conventions and meetings
total $109,904 · program services $23,298 · management and general $86,602 · fundraising $4
-
20 · Interest
total $508,538 · program services $388,523 · management and general $103,539 · fundraising $16,476
-
22 · Depreciation, depletion and amortization
total $1,604,846 · program services $1,335,232 · management and general $248,430 · fundraising $21,184
-
23 · Insurance
total $172,594 · program services $15,413 · management and general $156,856 · fundraising $325
-
24a · Other expenses: SERVICE CONTRACTS
total $2,087,031 · program services $2,055,439 · management and general $19,099 · fundraising $12,493
-
24b · Other expenses: OPERATING SUPPLIES
total $508,786 · program services $455,138 · management and general $46,372 · fundraising $7,276
-
24c · Other expenses: TUITION REMISSION
total $480,300 · program services $480,300
-
24d · Other expenses: STUDENT ACTIVITIES
total $210,190 · program services $146,146 · management and general $64,044
-
24e · All other expenses
total $482,153 · program services $253,765 · management and general $169,755 · fundraising $58,633
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $211,580 · end of year $243,456
-
2 · Savings and temporary cash investments
beginning of year $2,439,466 · end of year $7,942,925
-
3 · Pledges and grants receivable
beginning of year $8,044,183 · end of year $6,630,790
-
4 · Accounts receivable
beginning of year $115,686 · end of year $53,841
-
8 · Inventories for sale or use
beginning of year $403,234 · end of year $346,566
-
9 · Prepaid expenses and deferred charges
beginning of year $231,369 · end of year $258,497
-
10a · Land, buildings and equipment: cost or other basis
$58,959,124
-
10b · Land, buildings and equipment: accumulated depreciation
$32,534,087
-
10c · Land, buildings and equipment, net
beginning of year $26,510,611 · end of year $26,425,037
-
11 · Investments: publicly traded securities
beginning of year $15,477,007 · end of year $18,728,243
-
15 · Other assets
beginning of year $494,064 · end of year $1,693,544
-
17 · Accounts payable and accrued expenses
beginning of year $1,199,670 · end of year $1,665,484
-
19 · Deferred revenue
beginning of year $3,039,606 · end of year $3,212,060
-
23 · Secured mortgages and notes payable
beginning of year $18,605,318 · end of year $15,141,162
-
25 · Other liabilities
beginning of year $275,727 · end of year $304,863
-
27 · Net assets without donor restrictions
beginning of year $11,546,998 · end of year $17,897,185
-
28 · Net assets with donor restrictions
beginning of year $19,259,881 · end of year $24,102,145
Mission and programs · 2023
Mission
A COEDUCATIONAL, COLLEGE PREPARATORY SCHOOL SERVING STUDENTS IN GRADES 6-12 WITH A MISSION OF "INSPIRING STUDENTS TO RISK BEING THEIR BEST".
-
PERKIOMEN SCHOOL IS AN INDEPENDENT COLLEGE PREPARATORY SCHOOL COMMITTED TO CREATING EXPERIENCES THAT WILL PREPARE STUDENTS TO EXCEL IN COLLEGE AND LIFE IN A WORLD COMMUNITY. STUDENTS LEARN THROUGH EXPERIENCE AND ACTIVE INQUIRY. EACH STUDENT IS CHALLENGED TO EXCEL ACADEMICALLY. STUDENTS ARE EXPOSED TO NEW IDEAS AND TO FRIENDSHIPS SPANNING DIFFERENT RACES, SOCIOECONOMIC GROUPS, RELIGIONS, INTEREST, AND LEARNING STYLES; THUS, PREPARING THEM FOR A COMPETITIVE WORLD. PERKIOMEN'S COMMUNITY OF STAFF, ALUMNI, FAMILIES, AND FRIENDS, ARE DEDICATED TO NURTURING RELATIONSHIPS IN AN UNSHAKABLE PARTNERSHIP WITH THE SCHOOL FOR THE BEST INTEREST OF THE STUDENT. PERKIOMEN IS AN INVITING, SAFE HOME THAT INSPIRES A SENSE OF COMMUNITY AND BELONGING.
Expenses $21,394,640 · Grants $9,971,293 · Revenue $23,257,557
As filed on the 2023 return.
Listed in Part VII
-
Mark DeveyMARK DEVEY
HEAD OF SCHO
- Total calculated
- $617,053
- From this org
- $538,615
- From related orgs
- $0
- Other
- $78,438
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $538,615
- Bonus
- not reported
- Other
- not reported
- Deferred
- $16,500
- Nontaxable benefits
- $61,938
- Filer's total
- $617,053
-
Michael FouxMICHAEL FOUX
ASSOC. HD -
- Total calculated
- $260,139
- From this org
- $232,297
- From related orgs
- $0
- Other
- $27,842
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $232,297
- Bonus
- not reported
- Other
- not reported
- Deferred
- $12,009
- Nontaxable benefits
- $15,833
- Filer's total
- $260,139
-
Karl WelshKARL WELSH
DIR OF DEVEL
- Total calculated
- $218,785
- From this org
- $190,072
- From related orgs
- $0
- Other
- $28,713
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $190,072
- Bonus
- not reported
- Other
- not reported
- Deferred
- $9,875
- Nontaxable benefits
- $18,838
- Filer's total
- $218,785
-
Carol DoughertyCAROL DOUGHERTY
ASSOC HEAD O
- Total calculated
- $203,341
- From this org
- $178,507
- From related orgs
- $0
- Other
- $24,834
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $178,507
- Bonus
- not reported
- Other
- not reported
- Deferred
- $9,001
- Nontaxable benefits
- $15,833
- Filer's total
- $203,341
-
Leann AshfordLEANN ASHFORD
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Cathy BakerCATHY BAKER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Marcia BaroneMARCIA BARONE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Mitch DavisMITCH DAVIS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Karlee FainKARLEE FAIN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Jim FinneganJIM FINNEGAN
CHAIRMAN
- Total calculated
- $0
- Hours/week
- 1
-
Howard FormanHOWARD FORMAN
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Bianca JacksonBIANCA JACKSON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Larry JacksonLARRY JACKSON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Phil LloydPHIL LLOYD
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Bruce MelgaryBRUCE MELGARY
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
George MeschterGEORGE MESCHTER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Katie ParkKATIE PARK
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Ryan ParkRYAN PARK
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Frans PreidelFRANS PREIDEL
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Jim RatiganJIM RATIGAN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Ethan RhodesETHAN RHODES
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Joe RussellaJOE RUSSELLA
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Scott SchultzSCOTT SCHULTZ
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Peter SharkeyPETER SHARKEY
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Luanne StaufferLUANNE STAUFFER
VICE CHAIRMA
- Total calculated
- $0
- Hours/week
- 1
-
Melissa WeinsteinMELISSA WEINSTEIN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Sung Sik YangSUNG SIK YANG
BOARD MEMBER
- 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
- 1b · Written policy on the line-1a expenses
- 2 · Substantiation required before reimbursing expenses
- 3 · Compensation committee
- 3 · Independent compensation consultant
- 3 · Form 990 of other organizations
- 3 · Written employment contract
- 3 · Compensation survey or study
- 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
- 16 January 2025
- IRS schema version
- 2023v6.0
- Source object
- 202530169349301763
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