Skip to content
Nonprofiteer
← PARKER SCHOOL

Form 990 for tax year 2022

Filed by PARKER SCHOOL.

Totals

Total revenue
$16,860,685
Total expenses
$8,985,379
Contributions and grants received
$9,366,833
Grants paid
$1,315,181
Program service revenue
$6,540,801
Investment income
$881,384
Other revenue
$71,667
Total assets, end of year
$80,736,385
Total liabilities, end of year
$1,129,794
Net assets or fund balances, end of year
$79,606,591
Program services expenses (Part IX)
$7,668,599
Management and general expenses
$1,013,696
Fundraising expenses
$303,084
Program service expenses (Part III)
$7,668,599

Program services were 85.3% 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

    $349,813

  • 1d · Related organizations

    $644,139

  • 1f · All other contributions, gifts and grants

    $8,372,881

  • 1g · Noncash contributions included above

    $5,610,000

  • 2a · Program service revenue: TUITION AND FEES

    total $6,248,338 · related or exempt $6,248,338

  • 2b · Program service revenue: AUXILLARY SERVICES

    total $292,463 · related or exempt $292,463

  • 3 · Investment income

    total $806,831 · excluded $806,831

  • 6a · Gross rents

    real property $136,790

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $136,790

  • 6d · Net rental income or loss

    total $136,790 · excluded $136,790

  • 7a · Gross sales of assets other than inventory

    securities $2,156,626

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

    securities $2,082,073

  • 7c · Gain or loss

    securities $74,553

  • 7d · Net gain or loss

    total $74,553 · excluded $74,553

  • 8a · Fundraising events: gross income

    $27,800

  • 8a · Fundraising events: contributions included on line 1c

    $349,813

  • 8b · Fundraising events: direct expenses

    $96,395

  • 8c · Net income from fundraising events

    total -$68,595 · excluded -$68,595

  • 11a · Other revenue: RECOVERIES

    total $3,472 · related or exempt $3,472

  • 11e · Other revenue, total

    $3,472

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $1,315,181 · program services $1,315,181

  • 5 · Compensation of officers, directors and key employees

    total $393,083 · program services $331,165 · management and general $47,613 · fundraising $14,305

  • 7 · Other salaries and wages

    total $4,215,851 · program services $3,551,770 · management and general $510,656 · fundraising $153,425

  • 8 · Pension plan contributions

    total $275,664 · program services $231,503 · management and general $33,055 · fundraising $11,106

  • 9 · Other employee benefits

    total $439,974 · program services $369,481 · management and general $52,752 · fundraising $17,741

  • 10 · Payroll taxes

    total $334,453 · program services $280,941 · management and general $40,134 · fundraising $13,378

  • 11b · Fees: legal

    total $5,648 · management and general $5,648

  • 11c · Fees: accounting

    total $50,063 · management and general $50,063

  • 11f · Fees: investment management

    total $2,694 · management and general $2,694

  • 11g · Fees: other

    total $93,186 · program services $64,217 · management and general $26,090 · fundraising $2,879

  • 13 · Office expenses

    total $42,840 · program services $22,073 · management and general $5,774 · fundraising $14,993

  • 14 · Information technology

    total $153,229 · program services $126,299 · management and general $20,933 · fundraising $5,997

  • 16 · Occupancy

    total $84,494 · program services $67,595 · management and general $14,364 · fundraising $2,535

  • 17 · Travel

    total $64,018 · program services $61,791 · management and general $427 · fundraising $1,800

  • 19 · Conferences, conventions and meetings

    total $2,569 · management and general $1,499 · fundraising $1,070

  • 22 · Depreciation, depletion and amortization

    total $373,863 · program services $299,185 · management and general $63,476 · fundraising $11,202

  • 23 · Insurance

    total $186,008 · program services $151,765 · management and general $27,923 · fundraising $6,320

  • 24a · Other expenses: STUDENT ACTIVITIES

    total $292,500 · program services $288,789 · management and general $3,711

  • 24b · Other expenses: MATERIALS AND SUPPLIES

    total $230,926 · program services $219,405 · management and general $8,972 · fundraising $2,549

  • 24c · Other expenses: REPAIRS AND MAINTENANCE

    total $110,125 · program services $87,646 · management and general $19,104 · fundraising $3,375

  • 24d · Other expenses: SNACK SHOP

    total $107,349 · program services $107,349

  • 24e · All other expenses

    total $211,661 · program services $92,444 · management and general $78,808 · fundraising $40,409

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $57,610 · end of year $1,108,904

  • 2 · Savings and temporary cash investments

    beginning of year $503,245 · end of year $493,878

  • 3 · Pledges and grants receivable

    beginning of year $1,067,164 · end of year $866,149

  • 4 · Accounts receivable

    beginning of year $55,799 · end of year $87,050

  • 9 · Prepaid expenses and deferred charges

    beginning of year $72,682 · end of year $70,703

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

    $21,350,249

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

    $4,260,731

  • 10c · Land, buildings and equipment, net

    beginning of year $10,938,016 · end of year $17,089,518

  • 11 · Investments: publicly traded securities

    beginning of year $22,130,439 · end of year $23,434,920

  • 15 · Other assets

    beginning of year $38,293,440 · end of year $37,585,263

  • 17 · Accounts payable and accrued expenses

    beginning of year $670,795 · end of year $623,364

  • 19 · Deferred revenue

    beginning of year $353,854 · end of year $506,430

  • 27 · Net assets without donor restrictions

    beginning of year $18,795,484 · end of year $26,490,739

  • 28 · Net assets with donor restrictions

    beginning of year $53,298,262 · end of year $53,115,852

Mission and programs · 2022

Mission

AT PARKER SCHOOL, EVERY STUDENT IS KNOWN, VALUED AND NURTURED. OUR SMALL-SCHOOL SETTING AND DYNAMIC PROGRAM FOSTER CONFIDENT, COMPASSIONATE INDIVIDUALS WHO ARE THOROUGHLY PREPARED FOR COLLEGE, WHO ENTHUSIASTICALLY ENGAGE IN LIFE AND WHO POSITIVELY CONTRIBUTE TO AN EVER-CHANGING GLOBAL COMMUNITY.

Activities or mission (Part I)

PARKER SCHOOL IS A COED, COLLEGE-PREPARATORY, INDEPENDENT SCHOOL WITH 337 STUDENTS IN GRADES K THROUGH 12.

  • OPERATION OF PARKER SCHOOL TO PROVIDE PRIMARY AND SECONDARY EDUCATION TO APPROXIMATELY 337 STUDENTS.

    Expenses $7,668,599 · Grants $1,315,181 · Revenue $6,544,273

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • DAVID KIRK

    PRESIDENT AND DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • MIMI KERLEY

    1ST VP AND DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • MAX OSTNER

    SECRETARY, DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • JONATHAN MITCHELL

    TREASURER, DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • JOHN COLSON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • DAVID D HIGGINS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • GERRIT KEATOR

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • GREG MOOERS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • JOHN RICHARDS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • STEPHEN DUNN

    HEAD OF SCHOOL

    Total calculated
    $240,655
    From this org
    $203,386
    From related orgs
    $0
    Other
    $37,269
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $203,386
    Bonus
    $0
    Other
    $0
    Deferred
    $18,214
    Nontaxable benefits
    $19,055
    Filer's total
    $240,655

  • ROBERT MCKENDRY

    DIRECTOR OF FINANCE AND HUMAN RESOURCE

    Total calculated
    $80,148
    From this org
    $66,708
    From related orgs
    $0
    Other
    $13,440
    Hours/week
    40

  • BRANDON ROGERS

    ASSISTANT HEAD OF SCHOOL

    Total calculated
    $132,196
    From this org
    $102,036
    From related orgs
    $0
    Other
    $30,160
    Hours/week
    40

  • ERIC SILLS

    DIRECTOR OF MAINTENANCE

    Total calculated
    $115,412
    From this org
    $100,235
    From related orgs
    $0
    Other
    $15,177
    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 · Compensation committee
  • 3 · Form 990 of other organizations
  • 3 · Written employment contract
  • 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 RESIDES ON CAMPUS AS A CONDITION OF EMPLOYMENT.
PART I, LINE 7
THE HEAD OF SCHOOL IS ELIGIBLE FOR AN ANNUAL PERFORMANCE BONUS IN AN AMOUNT UP TO 10% OF THE ANNUAL SALARY CONTRACT. THE BONUS IS BASED ON A PERFORMANCE MATRIX. THE HEAD OF SCHOOL REVIEW COMMITTEE HAS DISCRETION AS TO CALCULATION AND RECOMMENDATION OF THE ANNUAL BONUS; THE BOARD OF DIRECTORS HAS FINAL APPROVAL OF THE ANNUAL BONUS, IF ANY.

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.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2022
Filed
3 May 2024
IRS schema version
2022v5.0
Source object
202401249349302770

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.