Totals
- Total revenue
- $38,165,652
- Total expenses
- $33,143,835
- Contributions and grants received
- $4,430,830
- Grants paid
- $6,118,833
- Program service revenue
- $30,204,961
- Investment income
- $3,248,311
- Other revenue
- $281,550
- Total assets, end of year
- $134,541,384
- Total liabilities, end of year
- $15,618,171
- Net assets or fund balances, end of year
- $118,923,213
- Program services expenses (Part IX)
- $26,197,867
- Management and general expenses
- $5,581,892
- Fundraising expenses
- $1,364,076
- Program service expenses (Part III)
- $26,197,867
Program services were 79.0% 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
$36,215
-
1e · Government grants (contributions)
$49,000
-
1f · All other contributions, gifts and grants
$4,345,615
-
1g · Noncash contributions included above
$744,804
-
2a · Program service revenue: TUITION
total $28,959,809 · related or exempt $28,959,809
-
2b · Program service revenue: AUXILIARY REVENUE
total $1,236,644 · related or exempt $1,236,644
-
2c · Program service revenue: FACILITIES RENTALS
total $8,508 · related or exempt $8,508
-
3 · Investment income
total $1,990,073 · excluded $1,990,073
-
7a · Gross sales of assets other than inventory
securities $17,637,129
-
7b · Less cost or other basis and sales expenses
securities $16,378,891
-
7c · Gain or loss
securities $1,258,238
-
7d · Net gain or loss
total $1,258,238 · excluded $1,258,238
-
8a · Fundraising events: gross income
$27,501
-
8a · Fundraising events: contributions included on line 1c
$36,215
-
8b · Fundraising events: direct expenses
$26,785
-
8c · Net income from fundraising events
total $716 · excluded $716
-
11a · Other revenue: ANCILLARY INCOME
total $280,834 · related or exempt $280,834
-
11e · Other revenue, total
$280,834
Functional expenses
Part IX, the statement of functional expenses.
-
2 · Grants to domestic individuals
total $6,118,833 · program services $6,118,833
-
5 · Compensation of officers, directors and key employees
total $897,924 · program services $552,382 · management and general $345,542
-
7 · Other salaries and wages
total $13,599,623 · program services $10,136,690 · management and general $2,710,319 · fundraising $752,614
-
8 · Pension plan contributions
total $787,192 · program services $588,320 · management and general $143,319 · fundraising $55,553
-
9 · Other employee benefits
total $1,717,176 · program services $1,223,044 · management and general $365,840 · fundraising $128,292
-
10 · Payroll taxes
total $1,012,484 · program services $761,877 · management and general $187,387 · fundraising $63,220
-
11b · Fees: legal
total $83,602 · management and general $83,602
-
11c · Fees: accounting
total $294,210 · management and general $294,210
-
11g · Fees: other
total $1,626,006 · program services $1,473,074 · management and general $78,565 · fundraising $74,367
-
12 · Advertising and promotion
total $132,872 · program services $9,632 · management and general $12,542 · fundraising $110,698
-
14 · Information technology
total $428,896 · program services $60,406 · management and general $363,212 · fundraising $5,278
-
16 · Occupancy
total $1,754,769 · program services $1,656,924 · management and general $94,575 · fundraising $3,270
-
17 · Travel
total $421,258 · program services $297,042 · management and general $83,685 · fundraising $40,531
-
20 · Interest
total $235,347 · program services $219,729 · management and general $15,183 · fundraising $435
-
22 · Depreciation, depletion and amortization
total $1,922,727 · program services $1,847,376 · management and general $71,698 · fundraising $3,653
-
24a · Other expenses: SUPPLIES AND MATERIALS
total $985,967 · program services $796,224 · management and general $141,017 · fundraising $48,726
-
24b · Other expenses: FEES AND MISCELLANEOUS
total $780,964 · program services $248,472 · management and general $505,166 · fundraising $27,326
-
24c · Other expenses: EVENTS
total $343,985 · program services $207,842 · management and general $86,030 · fundraising $50,113
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $8,427,232 · end of year $6,362,558
-
3 · Pledges and grants receivable
beginning of year $3,589,176 · end of year $3,763,486
-
4 · Accounts receivable
beginning of year $93,521 · end of year $149,237
-
9 · Prepaid expenses and deferred charges
beginning of year $302,967 · end of year $496,813
-
10a · Land, buildings and equipment: cost or other basis
$91,914,894
-
10b · Land, buildings and equipment: accumulated depreciation
$43,144,537
-
10c · Land, buildings and equipment, net
beginning of year $43,781,331 · end of year $48,770,357
-
11 · Investments: publicly traded securities
beginning of year $65,992,750 · end of year $71,592,825
-
15 · Other assets
beginning of year $3,244,360 · end of year $3,406,108
-
17 · Accounts payable and accrued expenses
beginning of year $987,526 · end of year $947,005
-
19 · Deferred revenue
beginning of year $6,784,148 · end of year $6,929,045
-
24 · Unsecured notes and loans payable
beginning of year $8,069,983 · end of year $7,742,121
-
27 · Net assets without donor restrictions
beginning of year $52,332,588 · end of year $54,501,353
-
28 · Net assets with donor restrictions
beginning of year $57,257,092 · end of year $64,421,860
Mission and programs · 2024
Mission
TOWER HILL SCHOOL PREPARES STUDENTS FROM DIVERSE BACKGROUNDS FOR FULL AND CREATIVE ENGAGEMENT WITH A DYNAMIC WORLD. EACH STUDENT IS PROVIDED WITH AN EDUCATIONAL EXPERIENCE THAT EMPHASIZES THE DEVELOPMENT OF AN INQUISITIVE, DISCERNING AND CRITICAL MIND; THE VALUE OF BEING CREATIVE AND AESTHETICALLY SENSITIVE; THE APPRECIATION OF PHYSICAL WELL-BEING; THE ABILITY TO COLLABORATE AND FUNCTION AS PART OF A TEAM; AND THE GROWTH OF CHARACTER.
Activities or mission (Part I)
TOWER HILL SCHOOL IS A CO-EDUCATIONAL SCHOOL FOR STUDENTS 3 YEARS OLD THROUGH GRADE 12.
-
EDUCATIONAL PROGRAMS - TOWER HILL IS A CO-EDUCATIONAL INDEPENDENT SCHOOL WITH 867 STUDENTS FROM 3 YEARS OLD THROUGH GRADE 12 IN 2024-2025 (293 LOWER SCHOOL, 252 MIDDLE SCHOOL, 322 UPPER SCHOOL). THE SCHOOL PROVIDES AN ENRICHED AND CHALLENGING COLLEGE PREPARATORY PROGRAM IN WHICH EACH STUDENT'S ABILITIES AND TALENTS ARE RECOGNIZED AND RESPECTED. THE PROGRAM OFFERS A PERSONALIZED AND INNOVATIVE APPROACH, BUILT ON A STRONG TRADITIONAL FOUNDATION WITHIN A WELCOMING AND INCLUSIVE COMMUNITY. TOWER HILL GRADUATED 85 STUDENTS IN THE CLASS OF 2025. MEMBERS OF THIS CLASS ARE ATTENDING: AMERICAN MUSICAL AND DRAMATIC ACADEMY, AMERICAN UNIVERSITY, ARIZONA STATE UNIVERSITY, AUBURN UNIVERSITY, BOSTON COLLEGE, BROWN UNIVERSITY, BUCKNELL UNIVERSITY, CARLETON COLLEGE, COLBY COLLEGE, COLORADO COLLEGE, COLUMBIA UNIVERSITY, DESALES UNIVERSITY, DREXEL UNIVERSITY, ELON UNIVERSITY, EMORY UNIVERSITY, FLAGLER COLLEGE, FORDHAM UNIVERSITY, GEORGETOWN UNIVERSITY, HAMILTON COLLEGE, LA SALLE UNIVERSITY, MIDDLEBURY COLLEGE, NEW JERSEY INSTITUTE OF TECHNOLOGY, NEW YORK UNIVERSITY, NORTHEASTERN UNIVERSITY, PENN STATE UNIVERSITY (UNIVERSITY PARK), PRINCETON UNIVERSITY, PURDUE UNIVERSITY, RENSSELAER POLYTECHNIC INSTITUTE, SACRED HEART UNIVERSITY, SAVANNAH COLLEGE OF ART AND DESIGN, SEWANEE: THE UNIVERSITY OF THE SOUTH, SMITH COLLEGE, SWARTHMORE COLLEGE, SYRACUSE UNIVERSITY, TEXAS CHRISTIAN UNIVERSITY, THE UNIVERSITY OF TAMPA, THE UNIVERSITY OF TENNESSEE (KNOXVILLE), TUFTS UNIVERSITY, UNIVERSITY OF CALIFORNIA (LOS ANGELES), UNIVERSITY OF CALIFORNIA (SAN DIEGO), UNIVERSITY OF DELAWARE, UNIVERSITY OF MARYLAND, UNIVERSITY OF MIAMI, UNIVERSITY OF MICHIGAN, UNIVERSITY OF NORTH CAROLINA AT CHAPEL HILL, UNIVERSITY OF NOTRE DAME, UNIVERSITY OF PENNSYLVANIA, UNIVERSITY OF PITTSBURGH, UNIVERSITY OF RICHMOND, UNIVERSITY OF SOUTH FLORIDA, UNIVERSITY OF WISCONSIN (MADISON), WAKE FOREST UNIVERSITY, WASHINGTON AND LEE UNIVERSITY, AND WILLIAM & MARY.
Expenses $25,667,873 · Grants $6,118,833 · Revenue $29,701,527
-
AFTER SCHOOL PROGRAM - THE KALEIDOSCOPE AFTER SCHOOL PROGRAM SERVES STUDENTS AGE 3 THROUGH 6 EVERY SCHOOL DAY FROM 2:45 TO 6:00PM. THIS PROGRAM PROVIDES A CONTINUATION OF THE ATTENTION AND GUIDANCE THEY RECEIVE IN TOWER HILL'S CLASSROOMS, BUT IN A MORE HOME-LIKE SETTING. SUPERVISED HOMEWORK TIME, INSIDE PLAY, OUTDOOR SPORTS AND AGE-APPROPRIATE ACTIVITIES GIVE STUDENT THE CHANCE TO FULFILL THEIR RESPONSIBILITIES AND GIVE THEIR IMAGINATIONS A WORKOUT TOO. ENRICHMENT OFFERING INCLUDE PROGRAMS SUCH AS CHINESE, DRAMA, CHESS, SEWING, GOLF, KARATE, DANCE, SOCCER AND TENNIS, AMONG OTHERS.
Expenses $310,361 · Revenue $410,400
-
SUMMER CAMP PROGRAM -SUMMER AT TOWER HILL PROVIDES EXCITING ACADEMIC AND ENRICHMENT ACTIVITIES, PLUS A FULL RANGE OF ATHLETIC CAMPS IN DIFFERENT AGE GROUPS. DAY CAMP PROVIDES WEEKLY THEMES WITH SPECIAL GUESTS AND/OR FIELD TRIPS, SWIMMING OR WATER PLAY. ENRICHMENT CAMPS BROADEN CHILDREN'S ARTISTIC AND ACADEMIC HORIZONS IN NEW WAYS. SPORTS CAMPS ARE RUN BY TOWER HILL COACHES AND OUTSIDE PARTNER ORGANIZATIONS FOR BUDDING ATHLETES. SUMMER AT TOWER HILL ALSO INTRODUCES PROSPECTIVE STUDENT TO TOWER HILL'S EXPANSIVE FACILITIES.
Expenses $219,633 · Revenue $373,868
As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Ben Du PontBEN DU PONT
CHAIR
- Total calculated
- $0
- Hours/week
- 2
-
John M FlynnJOHN M FLYNN
SECRETARY
- Total calculated
- $0
- Hours/week
- 2
-
Marna WhittingtonMARNA WHITTINGTON
TREASURER
- Total calculated
- $0
- Hours/week
- 2
-
Suzanne AshleySUZANNE ASHLEY
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Kimberly CassidyKIMBERLY CASSIDY
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Regis De RamelREGIS DE RAMEL
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Robert V DesantisROBERT V DESANTIS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
John GavenonisJOHN GAVENONIS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Laird HaywardLAIRD HAYWARD
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Henry MellonHENRY MELLON
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Catherine L MillerCATHERINE L MILLER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
David NowlandDAVID NOWLAND
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Lisa A OlsonLISA A OLSON
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
J Mathieu PlumbJ MATHIEU PLUMB
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Logan ReadLOGAN READ
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Sonal SheppardSONAL SHEPPARD
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Isabella Speakman TimonISABELLA SPEAKMAN TIMON
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Genelle TraderGENELLE TRADER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Carmen WallaceCARMEN WALLACE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Gina WardGINA WARD
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Mark BussardMARK BUSSARD
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Rodney MorrisonRODNEY MORRISON
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Eric NormanERIC NORMAN
CFO (THRU 9/25)
- Total calculated
- $339,809
- From this org
- $298,543
- From related orgs
- $0
- Other
- $41,266
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $293,711
- Bonus
- $519
- Other
- $4,313
- Deferred
- $20,983
- Nontaxable benefits
- $20,283
- Filer's total
- $339,809
-
Sarah BakerSARAH BAKER
HEAD OF SCHOOL
- Total calculated
- $461,248
- From this org
- $409,255
- From related orgs
- $0
- Other
- $51,993
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $375,511
- Bonus
- $25,000
- Other
- $8,744
- Deferred
- $24,231
- Nontaxable benefits
- $27,762
- Filer's total
- $461,248
-
Kristin MumfordKRISTIN MUMFORD
DIRECTOR OF ADMISSIONS/ADVANCEMENT
- Total calculated
- $292,299
- From this org
- $240,865
- From related orgs
- $0
- Other
- $51,434
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $239,310
- Bonus
- $742
- Other
- $813
- Deferred
- $16,636
- Nontaxable benefits
- $34,798
- Filer's total
- $292,299
-
Lindsay AcevadoLINDSAY ACEVADO
DIRECTOR OF COLLEGE COUNSELING
- Total calculated
- $185,354
- From this org
- $164,486
- From related orgs
- $0
- Other
- $20,868
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $162,834
- Bonus
- $1,129
- Other
- $523
- Deferred
- $11,927
- Nontaxable benefits
- $8,941
- Filer's total
- $185,354
-
Amy BickhartAMY BICKHART
HEAD OF LOWER SCHOOL
- Total calculated
- $163,439
- From this org
- $125,127
- From related orgs
- $0
- Other
- $38,312
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $122,873
- Bonus
- $557
- Other
- $1,697
- Deferred
- $9,518
- Nontaxable benefits
- $28,794
- Filer's total
- $163,439
-
Matthew TwymanMATTHEW TWYMAN
DIR OF UPPER SCH ADMIS AND FINL AID
- Total calculated
- $131,955
- From this org
- $122,286
- From related orgs
- $0
- Other
- $9,669
- Hours/week
- 40
-
John TchinnisJOHN TCHINNIS
DIRECTOR OF FACILITIES
- Total calculated
- $127,670
- From this org
- $116,467
- From related orgs
- $0
- Other
- $11,203
- Hours/week
- 40
-
Anthony Pisapia Thru 7623ANTHONY PISAPIA THRU 7623
FORMER ASSOC HEAD OF SCHOOL
- Total calculated
- $130,000
- From this org
- $130,000
- From related orgs
- $0
- Other
- $0
- Hours/week
- 0
Schedule J breakdown matched by us
- Base
- $0
- Bonus
- $0
- Other
- $130,000
- Deferred
- $0
- Nontaxable benefits
- $0
- Filer's total
- $130,000
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 · Travel for companions
- 1a · Tax indemnification and gross-up payments
- 1a · Discretionary spending account
- 1a · Housing allowance or residence for personal use
- 1a · Health or social club dues or initiation fees
- 1a · Personal services (maid, chauffeur, chef)
- 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
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
Answered no
- 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, LINES 4A-B
- SEVERENCE WAS PAID TO THE FORMER ASSOCIATE HEAD OF SCHOOL. DURING 2023 HE WAS PAID $120,000. HE WAS PAID AN ADDITIONAL $130,000 IN CALENDAR YEAR 2024. THE HEAD OF SCHOOL PARTICIPATES IN A NON-QUALIFIED 457 PLAN. THERE WERE NO CONTRIBUTIONS TO THE PLAN DURING THE CALENDAR YEAR 2024.
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
- 6 May 2026
- IRS schema version
- 2024v5.5
- Source object
- 202601319349301235
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.