Totals
- Total revenue
- $2,790,370
- Total expenses
- $3,171,878
- Contributions and grants received
- $150,969
- Grants paid
- $0
- Program service revenue
- $2,176,039
- Investment income
- $124,596
- Other revenue
- $338,766
- Total assets, end of year
- $13,798,531
- Total liabilities, end of year
- $6,012,381
- Net assets or fund balances, end of year
- $7,786,150
- Program services expenses (Part IX)
- $2,690,101
- Management and general expenses
- $453,434
- Fundraising expenses
- $28,343
- Program service expenses (Part III)
- $2,690,101
Program services were 84.8% 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.
-
1f · All other contributions, gifts and grants
$150,969
-
1g · Noncash contributions included above
$18,118
-
2a · Program service revenue: TUITION & FEES
total $2,136,307 · related or exempt $2,136,307
-
2b · Program service revenue: BOOKSTORE
total $32,651 · related or exempt $32,651
-
2c · Program service revenue: MISCELLANEOUS
total $7,081 · related or exempt $7,081
-
3 · Investment income
total $124,596 · excluded $124,596
-
6a · Gross rents
real property $431,170
-
6b · Less rental expenses
real property $235,899
-
6c · Rental income or loss
real property $195,271
-
6d · Net rental income or loss
total $195,271 · excluded $195,271
-
11a · Other revenue: DISPOSAL OF ASSETS
total $143,495 · excluded $143,495
-
11e · Other revenue, total
$143,495
Functional expenses
Part IX, the statement of functional expenses.
-
7 · Other salaries and wages
total $1,623,101 · program services $1,358,108 · management and general $244,762 · fundraising $20,231
-
8 · Pension plan contributions
total $8,108 · program services $5,985 · management and general $2,123
-
9 · Other employee benefits
total $110,659 · program services $85,802 · management and general $24,787 · fundraising $70
-
10 · Payroll taxes
total $123,850 · program services $104,105 · management and general $18,418 · fundraising $1,327
-
11c · Fees: accounting
total $18,532 · management and general $18,532
-
11g · Fees: other
total $11,143 · program services $1,669 · management and general $9,474
-
13 · Office expenses
total $8,816 · program services $5,988 · management and general $2,828
-
19 · Conferences, conventions and meetings
total $350 · program services $350
-
20 · Interest
total $28,847 · program services $28,847
-
22 · Depreciation, depletion and amortization
total $184,356 · program services $128,098 · management and general $56,258
-
23 · Insurance
total $100,637 · program services $71,854 · management and general $28,711 · fundraising $72
-
24a · Other expenses: FOOD AND KITCHEN EXPENSE
total $440,731 · program services $440,731
-
24b · Other expenses: ELECTRICAL, GAS AND HEAT
total $130,396 · program services $116,167 · management and general $14,229
-
24c · Other expenses: MAINTENANCE AND REPAIRS
total $60,618 · program services $60,618
-
24d · Other expenses: COMPUTER EXPENSES
total $55,886 · program services $30,324 · management and general $25,562
-
24e · All other expenses
total $265,848 · program services $251,455 · management and general $7,750 · fundraising $6,643
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1,498 · end of year $1,500
-
2 · Savings and temporary cash investments
beginning of year $2,024,298 · end of year $3,291,241
-
4 · Accounts receivable
beginning of year $793,582 · end of year $93,316
-
8 · Inventories for sale or use
beginning of year $77,054 · end of year $66,904
-
9 · Prepaid expenses and deferred charges
beginning of year $82,500 · end of year $85,184
-
10a · Land, buildings and equipment: cost or other basis
$15,477,242
-
10b · Land, buildings and equipment: accumulated depreciation
$5,439,254
-
10c · Land, buildings and equipment, net
beginning of year $10,564,463 · end of year $10,037,988
-
11 · Investments: publicly traded securities
beginning of year $135,251 · end of year $142,812
-
14 · Intangible assets
beginning of year $81,618 · end of year $79,586
-
15 · Other assets
beginning of year $27,089
-
17 · Accounts payable and accrued expenses
beginning of year $237,085 · end of year $189,708
-
19 · Deferred revenue
beginning of year $481,420 · end of year $1,254,053
-
20 · Tax-exempt bond liabilities
beginning of year $4,850,663 · end of year $4,544,381
-
22 · Loans and payables to officers and key people
beginning of year $60,920
-
25 · Other liabilities
end of year $24,239
-
27 · Net assets without donor restrictions
beginning of year $8,157,265 · end of year $7,786,150
Mission and programs · 2024
Mission
THE PHELPS SCHOOL IS DEDICATED TO A PERSONALIZED EDUCATION FOR THE BOY WHO SEEKS SUCCESS ACADEMICALLY, PERSONALLY, AND SOCIALLY. OUR FIRST OBLIGATION IS TO CREATE A CARING, SENSITIVE CLIMATE WHICH EMPHASIZES THE POSITIVE IN EVERY SITUATION. THE STUDENT'S EDUCATIONAL PROGRAM IS PLANNED IN TERMS OF HIS INDIVIDUAL CAPACITY, ABILITY, NEEDS AND INTERESTS. THIS PHILOSOPHY OF DEDICATION TO THE TOTAL DEVELOPMENT OF EACH BOY IS ACCENTUATED BY THE DISCIPLINED ATMOSPHERE, SMALL CLASSES, AND DAILY TUTORIAL SUPPORT. THE ENVIRONMENT IS CONSISTENT, SUPPORTIVE, STRUCTURED AND COMBINED WITH CHALLENGE, CARE AND HONESTY. THE PHELPS SCHOOL IS CONCERNED WITH EMPHASIZING THE ARTICULATION AND INCULCATION OF PERSONAL MORAL VALUES AS AN IMPORTANT PART OF OUR MISSION; EDUCATING THE HEART AS WELL AS THE MIND AND BODY.
-
INDIVIDUAL INSTRUCTION AND A STRUCTURED ENVIRONMENT FOR APPROXIMATELY 100 STUDENTS IN GRADES 6-12, WITH RELATED ATHLETIC AND OTHER EXTRA-CURRICULAR PROGRAMS.
Expenses $2,690,101 · Revenue $2,176,039
As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Stephany Phelps FaheySTEPHANY PHELPS FAHEY
PRESIDENT
- Total calculated
- $94,777
- From this org
- $78,000
- From related orgs
- $0
- Other
- $16,777
- Hours/week
- 45
-
Sandra StotzSANDRA STOTZ
TRUSTEE/COMP
- Total calculated
- $90,046
- From this org
- $85,568
- From related orgs
- $0
- Other
- $4,478
- Hours/week
- 45
-
Norman T PhelpsNORMAN T PHELPS
BOARD CHAIR
- Total calculated
- $28,893
- From this org
- $24,568
- From related orgs
- $0
- Other
- $4,325
- Hours/week
- 3
-
Lyle BlissLYLE BLISS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
James BruceJAMES BRUCE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Gerald FaheyGERALD FAHEY
TREASURER
- Total calculated
- $0
- Hours/week
- 5
-
Robert GottschallROBERT GOTTSCHALL
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Erika N GrossERIKA N GROSS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Jon G HallJON G HALL
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Andrew WilmerdingANDREW WILMERDING
SECRETARY
- Total calculated
- $0
- Hours/week
- 2
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.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 8 December 2025
- IRS schema version
- 2024v5.0
- Source object
- 202600759349301670
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.