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Nonprofiteer
← TAFT SCHOOL CORPORATION

Form 990 for tax year 2022

Filed by TAFT SCHOOL CORPORATION.

Totals

Total revenue
$72,655,289
Total expenses
$63,893,459
Contributions and grants received
$23,719,000
Grants paid
$10,851,260
Program services expenses (Part IX)
$52,586,007
Management and general expenses
$7,205,063
Fundraising expenses
$4,102,389
Program service expenses (Part III)
$52,586,007

Program services were 82.3% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • GRANT A PORTER

    CHAIR

    Total calculated
    $0
    Hours/week
    0.5

  • SARKIS D IZMIRLIAN

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    0.5

  • ICY H FRANTZ

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.5

  • AMISH H MEHTA

    TREASURER

    Total calculated
    $0
    Hours/week
    0.5

  • JONATHAN D ALBERT

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • SUPRIYA BALSEKAR BOOTH

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • PETER CBOWDEN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • HENRY G BRAUER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • DIANA SANDS CALVARUSO

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • FOSTER CHIANG

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • KATAMA GUERNSEY EASTMAN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • J KINGMAN GORDON

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • NIKKI MAYHEW GREENE

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • MICHAEL M HUMPHREYS

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • ERNEST O KWARTENG

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • CHARMAINE S LESTER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • MR NAVID A MAHMOODZADEGAN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • AMANDA C MCGOVERN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • PAUL T MCGOWAN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • ANTHONY W PASQUARIELLO

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • E MARC PINTO

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • JOHN K RIGGINS JR

    ALUMNI TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • JACQUELINE L ROSA

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • ROBERT F SAVAGE JR

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • KATE GENUNG TAYLOR

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • MARGARET FITZGERALD WAGNER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • NANA CHIU

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • MRS ROBIN WANG

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • ABRA PRENTICE WILKIN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • SCOTT G WILLARD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • JOANNE K ZIESING

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • WILLIAM MACMULLEN

    PRESIDENT/HEAD OF SCHOOL

    Total calculated
    $627,335
    From this org
    $470,840
    From related orgs
    $0
    Other
    $156,495
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $455,803
    Bonus
    $0
    Other
    $15,037
    Deferred
    $81,100
    Nontaxable benefits
    $75,395
    Filer's total
    $627,335

  • JOHN H ODDEN

    ASST TREASURER/ASST SECRET

    Total calculated
    $397,924
    From this org
    $260,706
    From related orgs
    $0
    Other
    $137,218
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $260,706
    Bonus
    $0
    Other
    $0
    Deferred
    $19,547
    Nontaxable benefits
    $117,671
    Filer's total
    $397,924

  • ARTHUR L CRIMMINS

    DIR. OF DEVELOPMENT

    Total calculated
    $344,635
    From this org
    $267,961
    From related orgs
    $0
    Other
    $76,674
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $267,286
    Bonus
    $0
    Other
    $675
    Deferred
    $22,156
    Nontaxable benefits
    $54,518
    Filer's total
    $344,635

  • DIANE FOUNTAS

    DIR. OF HEALTH CENTER

    Total calculated
    $230,435
    From this org
    $195,564
    From related orgs
    $0
    Other
    $34,871
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $195,564
    Bonus
    $0
    Other
    $0
    Deferred
    $17,667
    Nontaxable benefits
    $17,204
    Filer's total
    $230,435

  • PETER A FREW

    DIR. OF ADMISSIONS

    Total calculated
    $231,026
    From this org
    $176,909
    From related orgs
    $0
    Other
    $54,117
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $176,909
    Bonus
    $0
    Other
    $0
    Deferred
    $21,675
    Nontaxable benefits
    $32,442
    Filer's total
    $231,026

  • KAITLIN ORFITELLI

    DIR. OF MARKETING & COMMUN

    Total calculated
    $276,579
    From this org
    $157,041
    From related orgs
    $0
    Other
    $119,538
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $157,041
    Bonus
    $0
    Other
    $0
    Deferred
    $13,287
    Nontaxable benefits
    $106,251
    Filer's total
    $276,579

  • HEIDI LEATHERMAN

    CONTROLLER

    Total calculated
    $184,566
    From this org
    $156,167
    From related orgs
    $0
    Other
    $28,399
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $156,167
    Bonus
    $0
    Other
    $0
    Deferred
    $12,731
    Nontaxable benefits
    $15,668
    Filer's total
    $184,566

  • EDITH F TRAINA

    DEAN OF FACULTY

    Total calculated
    $290,422
    From this org
    $183,956
    From related orgs
    $0
    Other
    $106,466
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $183,956
    Bonus
    $0
    Other
    $0
    Deferred
    $15,087
    Nontaxable benefits
    $91,379
    Filer's total
    $290,422

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 — 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 · Discretionary spending account
  • 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 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 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
THE SCHOOL OPERATES AS A BOARDING SCHOOL WITH APPROXIMATELY 500 STUDENTS RESIDING ON CAMPUS. ACCORDINGLY, CERTAIN INDIVIDUALS ARE REQUIRED TO RESIDE ON CAMPUS.THE VALUE OF SCHOOL HOUSING PROVIDED FOR THIS PURPOSE MEETS THE REQUIREMENT FOR TAX EXEMPTION UNDER IRC SECTION 119, AND ACCORDINGLY, IS INCLUDED IN NON-TAXABLE BENEFITS. THE FOLLOWING INDIVIDUALS, LISTED ON PART II, RECEIVED HOUSING: WILLIAM MACMULLIN, JOHN H. ODDEN, EDITH F. TRAINA, AND PETER A. FREW. THE HEAD OF SCHOOL IS PROVIDED A DISCRETIONARY SPENDING ACCOUNT AS PART OF THE SCHOOL'S OPERATING BUDGET. PROCESSES AND PROCEDURES ARE IN PLACE TO VERIFY THE BUSINESS NATURE OF THESE EXPENDITURES. THIS IS NOT CONSIDERED A TAXABLE BENEFIT TO THE HEAD OF SCHOOL.
PART I, LINE 4B
THE HEAD OF SCHOOL PARTICIPATES IN A 457(F) PLAN.

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
1 May 2024
IRS schema version
2022v5.0
Source object
202431239349302603

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