Totals
- Total revenue
- $17,101,739
- Total expenses
- $17,588,897
- Contributions and grants received
- $1,671,637
- Grants paid
- $3,915,520
- Program service revenue
- $14,767,779
- Investment income
- $345,662
- Other revenue
- $316,661
- Total assets, end of year
- $43,723,580
- Total liabilities, end of year
- $16,233,953
- Net assets or fund balances, end of year
- $27,489,627
- Program services expenses (Part IX)
- $13,106,913
- Management and general expenses
- $4,026,078
- Fundraising expenses
- $455,906
- Program service expenses (Part III)
- $13,106,913
Program services were 74.5% 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.
-
1c · Fundraising events
$6,706
-
1f · All other contributions, gifts and grants
$1,664,931
-
1g · Noncash contributions included above
$448,952
-
2a · Program service revenue: STUDENT TUITION
total $14,151,221 · related or exempt $14,151,221
-
2b · Program service revenue: SPRING AND SUMMER PROGRAMS
total $380,219 · related or exempt $380,219
-
2c · Program service revenue: STUDENT TRANSPORTATION
total $108,295 · related or exempt $108,295
-
2d · Program service revenue: STUDENT TRIPS
total $84,987 · related or exempt $84,987
-
2e · Program service revenue: OTHER STUDENT ACTIVITIES
total $43,057 · related or exempt $43,057
-
3 · Investment income
total $348,915 · excluded $348,915
-
6a · Gross rents
real property $51,844
-
6b · Less rental expenses
real property $0
-
6c · Rental income or loss
real property $51,844
-
6d · Net rental income or loss
total $51,844 · excluded $51,844
-
7a · Gross sales of assets other than inventory
securities $28,890
-
7b · Less cost or other basis and sales expenses
securities $32,107 · other assets $36
-
7c · Gain or loss
securities -$3,217 · other assets -$36
-
7d · Net gain or loss
total -$3,253 · excluded -$3,253
-
8a · Fundraising events: gross income
$16,664
-
8a · Fundraising events: contributions included on line 1c
$6,706
-
8b · Fundraising events: direct expenses
$20,925
-
8c · Net income from fundraising events
total -$4,261 · excluded -$4,261
-
11a · Other revenue: ACTIVITY FEE
total $201,412 · related or exempt $201,412
-
11b · Other revenue: FORFEITED ENROLLMENT
total $27,194 · related or exempt $27,194
-
11c · Other revenue: APPLICATION AND TRANSCRIPT FEES
total $15,815 · related or exempt $15,815
-
11d · All other revenue
total $24,657 · related or exempt $20,894 · excluded $3,763
-
11e · Other revenue, total
$269,078
Functional expenses
Part IX, the statement of functional expenses.
-
2 · Grants to domestic individuals
total $3,915,520 · program services $3,915,520
-
5 · Compensation of officers, directors and key employees
total $490,095 · program services $14,532 · management and general $446,499 · fundraising $29,064
-
6 · Compensation of disqualified persons
total $68,077 · program services $68,077
-
7 · Other salaries and wages
total $7,130,844 · program services $5,322,708 · management and general $1,580,445 · fundraising $227,691
-
8 · Pension plan contributions
total $377,204 · program services $226,679 · management and general $145,808 · fundraising $4,717
-
9 · Other employee benefits
total $915,172 · program services $524,317 · management and general $376,356 · fundraising $14,499
-
10 · Payroll taxes
total $581,694 · program services $326,859 · management and general $245,997 · fundraising $8,838
-
11b · Fees: legal
total $82,108 · management and general $82,108
-
11c · Fees: accounting
total $59,363 · management and general $59,363
-
11f · Fees: investment management
total $28,891 · management and general $28,891
-
11g · Fees: other
total $204,800 · program services $107,232 · management and general $82,038 · fundraising $15,530
-
12 · Advertising and promotion
total $126,686 · program services $741 · management and general $125,914 · fundraising $31
-
13 · Office expenses
total $110,460 · program services $24,302 · management and general $77,977 · fundraising $8,181
-
14 · Information technology
total $134,437 · program services $87,565 · management and general $29,008 · fundraising $17,864
-
16 · Occupancy
total $234,852 · program services $166,111 · management and general $61,226 · fundraising $7,515
-
17 · Travel
total $109,054 · program services $86,258 · management and general $16,429 · fundraising $6,367
-
20 · Interest
total $183,177 · program services $129,676 · management and general $47,657 · fundraising $5,844
-
22 · Depreciation, depletion and amortization
total $849,840 · program services $619,183 · management and general $205,591 · fundraising $25,066
-
23 · Insurance
total $229,400 · program services $162,254 · management and general $59,805 · fundraising $7,341
-
24a · Other expenses: REPAIRS AND MAINTENANCE
total $525,935 · program services $382,494 · management and general $126,566 · fundraising $16,875
-
24b · Other expenses: FOOD SERVICES
total $472,136 · program services $465,192 · management and general $6,936 · fundraising $8
-
24c · Other expenses: MATERIALS AND SUPPLIES
total $230,569 · program services $195,401 · management and general $24,566 · fundraising $10,602
-
24d · Other expenses: EVENT EXPENSE
total $160,366 · program services $71,771 · management and general $80,589 · fundraising $8,006
-
24e · All other expenses
total $368,217 · program services $210,041 · management and general $116,309 · fundraising $41,867
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $641,146 · end of year $475,538
-
2 · Savings and temporary cash investments
beginning of year $6,809,531 · end of year $5,603,983
-
3 · Pledges and grants receivable
beginning of year $1,378,298 · end of year $995,439
-
4 · Accounts receivable
beginning of year $33,018 · end of year $129,115
-
9 · Prepaid expenses and deferred charges
beginning of year $193,455 · end of year $291,887
-
10a · Land, buildings and equipment: cost or other basis
$39,158,058
-
10b · Land, buildings and equipment: accumulated depreciation
$14,584,780
-
10c · Land, buildings and equipment, net
beginning of year $18,322,358 · end of year $24,573,278
-
11 · Investments: publicly traded securities
beginning of year $10,300,383 · end of year $11,589,330
-
15 · Other assets
beginning of year $0 · end of year $65,010
-
17 · Accounts payable and accrued expenses
beginning of year $506,311 · end of year $805,233
-
19 · Deferred revenue
beginning of year $5,592,693 · end of year $6,031,941
-
20 · Tax-exempt bond liabilities
beginning of year $4,399,104 · end of year $7,253,102
-
24 · Unsecured notes and loans payable
end of year $116,986
-
25 · Other liabilities
beginning of year $262,508 · end of year $2,026,691
-
27 · Net assets without donor restrictions
beginning of year $9,867,191 · end of year $8,971,475
-
28 · Net assets with donor restrictions
beginning of year $17,050,382 · end of year $18,518,152
Mission and programs · 2022
Mission
SEE SCHEDULE O.SOLEBURY SCHOOL IS A PRIVATE INDEPENDENT SCHOOL FOR STUDENTS IN GRADES 9 THROUGH 12. SOLEBURY SCHOOL'S MISSION IS TO CREATE AN ENVIRONMENT OF EDUCATIONAL EXCELLENCE AND PERSONAL GROWTH THAT PREPARES STUDENTS FOR SUCCESS IN COLLEGE AND BEYOND. IN THE SOLEBURY COMMUNITY, WE STRONGLY VALUE INTELLECTUAL CHALLENGE AND ACADEMIC ACHIEVEMENT, CREATIVE AND INDEPENDENT THINKING, MUTUAL RESPECT BETWEEN STUDENTS AND TEACHERS, DEEP RESPECT FOR EACH INDIVIDUAL, AND DIVERSITY.
Activities or mission (Part I)
SOLEBURY SCHOOL IS A PRIVATE INDEPENDENT SCHOOL FOR STUDENTS IN GRADES 9 THROUGH 12.
-
SOLEBURY SCHOOL OPERATES ON A TRIMESTER SYSTEM WITH ADDITIONAL EXPERIENTIAL EDUCATION AND ACADEMIC PROGRAMS DURING THE TWO WEEKS OF SPRING BREAK AND OVER THE SUMMER (INCLUDING GLOBAL EDUCATION AND TRAVEL). IN FY2023 THE SCHOOL ENROLLED 262 STUDENTS (9TH GRADE: 54, 10TH GRADE: 66, 11TH GRADE: 76, 12TH GRADE: 66). OF THOSE STUDENTS, 99 WERE BOARDING STUDENTS AND 163 WERE DAY STUDENTS. THE STUDENT BODY CAME FROM 11 COUNTRIES (NOT INCLUDING THE US) AND 11 STATES, AND OUR 2023 GRADUATES WENT ON TO ATTEND 52 DIFFERENT COLLEGES IN 15 STATES AND 2 COUNTRIES (A 98% PLACEMENT RATE).
Expenses $13,106,913 · Grants $3,915,520 · Revenue $15,033,094
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Elizabeth WavleELIZABETH WAVLE
CHAIR
- Total calculated
- $0
- Hours/week
- 2
-
Dan CohenDAN COHEN
VICE-CHAIR
- Total calculated
- $0
- Hours/week
- 2
-
Ellen FaulknerELLEN FAULKNER
SECRETARY
- Total calculated
- $0
- Hours/week
- 2
-
Michael FoleyMICHAEL FOLEY
TREASURER
- Total calculated
- $0
- Hours/week
- 2
-
Scott BolenbaughSCOTT BOLENBAUGH
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Ann BradyANN BRADY
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Lynne FoxLYNNE FOX
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Hamid HomaeeHAMID HOMAEE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Heiner MarkhoffHEINER MARKHOFF
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
John MorrowJOHN MORROW
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Mandy MundyMANDY MUNDY
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Stephanie PayneSTEPHANIE PAYNE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
William PenneyWILLIAM PENNEY
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Josh PerlsweigJOSH PERLSWEIG
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
John H PetitoJOHN H PETITO
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Joan ReinthalerJOAN REINTHALER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Colleen SchlegelCOLLEEN SCHLEGEL
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Derek WardenDEREK WARDEN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Ellen WestheimerELLEN WESTHEIMER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Andrew GespassANDREW GESPASS
TRUSTEE TO MAY 2023
- Total calculated
- $0
- Hours/week
- 2
-
Thomas McC Hunt EsqTHOMAS MCC HUNT ESQ
TRUSTEE TO MAY 2023
- Total calculated
- $0
- Hours/week
- 2
-
Brett WebberBRETT WEBBER
TRUSTEE TO MAY 2023
- Total calculated
- $0
- Hours/week
- 2
-
Thomas G WilschutzTHOMAS G WILSCHUTZ
HEAD OF SCHOOL
- Total calculated
- $289,187
- From this org
- $267,281
- From related orgs
- $0
- Other
- $21,906
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $267,281
- Bonus
- $0
- Other
- $0
- Deferred
- $20,122
- Nontaxable benefits
- $1,784
- Filer's total
- $289,187
-
Steven FeldSTEVEN FELD
DIRECTOR OF FINANCE AND OPERATIONS
- Total calculated
- $187,732
- From this org
- $165,197
- From related orgs
- $0
- Other
- $22,535
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $165,197
- Bonus
- $0
- Other
- $0
- Deferred
- $10,409
- Nontaxable benefits
- $12,126
- Filer's total
- $187,732
-
Jennifer BurnsJENNIFER BURNS
DIRECTOR OF ADVANCEMENT
- Total calculated
- $165,102
- From this org
- $149,351
- From related orgs
- $0
- Other
- $15,751
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $149,351
- Bonus
- $0
- Other
- $0
- Deferred
- $10,167
- Nontaxable benefits
- $5,584
- Filer's total
- $165,102
-
Steve ButeuxSTEVE BUTEUX
ASSOCIATE HEAD
- Total calculated
- $132,244
- From this org
- $121,474
- From related orgs
- $0
- Other
- $10,770
- Hours/week
- 40
-
Scott EcksteinSCOTT ECKSTEIN
DIRECTOR OF ADMISSIONS
- Total calculated
- $128,257
- From this org
- $116,129
- From related orgs
- $0
- Other
- $12,128
- Hours/week
- 40
-
Annette MillerANNETTE MILLER
DEAN OF STUDENTS
- Total calculated
- $118,441
- From this org
- $112,577
- From related orgs
- $0
- Other
- $5,864
- Hours/week
- 40
-
Kristy RaskaKRISTY RASKA
DIRECTOR OF STUDENT SUPPORT
- Total calculated
- $115,137
- From this org
- $104,283
- From related orgs
- $0
- Other
- $10,854
- 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
- 1b · Written policy on the line-1a expenses
- 2 · Substantiation required before reimbursing expenses
- 3 · Form 990 of other organizations
- 3 · Compensation survey or study
- 3 · Approval by the board or compensation committee
- 4a · Severance or change-of-control payment
Answered no
- 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
The filer's explanations (Part III)
- PART I, LINE 1A
- BOARDING SCHOOLS TRADITIONALLY HOUSE AS MANY FACULTY AS THEY CAN TO SUPPORT THE RESIDENTIAL EXPERIENCE OF ITS STUDENTS. SOLEBURY SCHOOL PRIORITIZES HOUSING FOR MEMBERS OF THE COMMUNITY WHOSE JOBS REQUIRE THEM TO LIVE ON CAMPUS, SPECIFICALLY, THE HEAD OF SCHOOL, ASSOCIATE HEAD OF SCHOOL, DEAN OF RESIDENCE LIFE, DORM PARENTS, AND MEMBERS OF THE SENIOR LEADERSHIP TEAM WHO SERVE ADMINISTRATIVE ON-CALL DUTY. THIS HOUSING MEETS THE INTERNAL REVENUE SERVICE GUIDELINES FOR EXCLUSION FROM TAXABLE INCOME.
- PART I, LINE 4A
- ANNETTE MILLER WAS PAID $54,895 OF SEPARATION PAY. THIS AMOUNT IS INCLUDED IN FORM 990, PART VII, SECTION A, LINE 1A, COLUMN (D).
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
- 2022
- Filed
- 30 April 2024
- IRS schema version
- 2022v5.0
- Source object
- 202441219349301349
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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