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Nonprofiteer
← MARK DAY SCHOOL

Form 990 for tax year 2023

Filed by MARK DAY SCHOOL.

Totals

Total revenue
$20,790,170
Total expenses
$20,295,067
Contributions and grants received
$2,057,912
Grants paid
$3,041,364
Program service revenue
$17,309,271
Investment income
$1,475,711
Other revenue
-$52,724
Total assets, end of year
$59,197,265
Total liabilities, end of year
$31,791,652
Net assets or fund balances, end of year
$27,405,613
Program services expenses (Part IX)
$15,950,565
Management and general expenses
$3,767,571
Fundraising expenses
$576,931
Program service expenses (Part III)
$15,950,565

Program services were 78.6% 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

    $355,998

  • 1f · All other contributions, gifts and grants

    $1,701,914

  • 1g · Noncash contributions included above

    $78,021

  • 2a · Program service revenue: TUITION AND FEES

    total $16,802,203 · related or exempt $16,802,203

  • 2b · Program service revenue: AUX AND OTHER PROGRAMS

    total $507,068 · related or exempt $507,068

  • 3 · Investment income

    total $1,130,160 · excluded $1,130,160

  • 7a · Gross sales of assets other than inventory

    securities $2,179,253

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

    securities $1,833,702

  • 7c · Gain or loss

    securities $345,551

  • 7d · Net gain or loss

    total $345,551 · excluded $345,551

  • 8a · Fundraising events: gross income

    $0

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

    $355,998

  • 8b · Fundraising events: direct expenses

    $72,647

  • 8c · Net income from fundraising events

    total -$72,647 · excluded -$72,647

  • 11a · Other revenue: FORFEITED RESERVATION

    total $15,296 · excluded $15,296

  • 11b · Other revenue: OTHER INCOME

    total $4,627 · excluded $4,627

  • 11e · Other revenue, total

    $19,923

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $3,041,364 · program services $3,041,364

  • 5 · Compensation of officers, directors and key employees

    total $1,784,614 · program services $1,039,325 · management and general $399,146 · fundraising $346,143

  • 7 · Other salaries and wages

    total $8,253,935 · program services $6,324,514 · management and general $1,850,066 · fundraising $79,355

  • 8 · Pension plan contributions

    total $715,071 · program services $517,440 · management and general $181,092 · fundraising $16,539

  • 9 · Other employee benefits

    total $822,327 · program services $610,008 · management and general $212,319

  • 10 · Payroll taxes

    total $719,427 · program services $520,593 · management and general $182,194 · fundraising $16,640

  • 11b · Fees: legal

    total $28,473 · management and general $28,473

  • 11c · Fees: accounting

    total $31,000 · management and general $31,000

  • 11f · Fees: investment management

    total $30,883 · management and general $30,883

  • 11g · Fees: other

    total $352,776 · program services $61,383 · management and general $227,486 · fundraising $63,907

  • 12 · Advertising and promotion

    total $70,337 · management and general $70,337

  • 13 · Office expenses

    total $169,944 · management and general $169,944

  • 16 · Occupancy

    total $1,361,410 · program services $1,231,356 · management and general $100,989 · fundraising $29,065

  • 17 · Travel

    total $424,720 · program services $424,720

  • 19 · Conferences, conventions and meetings

    total $211,835 · program services $138,549 · management and general $73,286

  • 20 · Interest

    total $197,955 · program services $163,401 · management and general $30,697 · fundraising $3,857

  • 22 · Depreciation, depletion and amortization

    total $852,797 · program services $762,774 · management and general $72,018 · fundraising $18,005

  • 23 · Insurance

    total $161,974 · program services $144,875 · management and general $13,679 · fundraising $3,420

  • 24a · Other expenses: OUTDOOR EDUCATION

    total $463,992 · program services $443,316 · management and general $20,676

  • 24b · Other expenses: INSTRUCTIONAL OTHER

    total $326,467 · program services $326,467

  • 24c · Other expenses: STUDENT ACTIVITIES/AUXI

    total $273,766 · program services $200,480 · management and general $73,286

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $96,393 · end of year $193,225

  • 2 · Savings and temporary cash investments

    beginning of year $16,252,189 · end of year $16,698,002

  • 3 · Pledges and grants receivable

    beginning of year $273,006 · end of year $434,292

  • 4 · Accounts receivable

    beginning of year $6,377,849 · end of year $7,046,783

  • 9 · Prepaid expenses and deferred charges

    beginning of year $270,724 · end of year $85,329

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

    $22,768,493

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

    $10,489,777

  • 10c · Land, buildings and equipment, net

    beginning of year $12,521,321 · end of year $12,278,716

  • 11 · Investments: publicly traded securities

    beginning of year $12,380,962 · end of year $13,468,750

  • 15 · Other assets

    beginning of year $9,311,212 · end of year $8,992,168

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,733,041 · end of year $1,873,456

  • 19 · Deferred revenue

    beginning of year $13,885,886 · end of year $14,514,494

  • 20 · Tax-exempt bond liabilities

    beginning of year $6,607,581 · end of year $6,354,655

  • 25 · Other liabilities

    beginning of year $9,355,700 · end of year $9,049,047

  • 27 · Net assets without donor restrictions

    beginning of year $19,102,707 · end of year $19,457,785

  • 28 · Net assets with donor restrictions

    beginning of year $6,798,741 · end of year $7,947,828

Mission and programs · 2023

Mission

INNOVATIVE AND FULL OF HEART, MARK DAY SCHOOL NURTURES EACH CHILD TO PURSUE THEIR CURIOSITY, THINK CRITICALLY, EMBRACE CHALLENGE WITH COURAGE AND JOY, AND WORK IN PARTNERSHIP WITH OTHERS TO BUILD MORE CARING AND INCLUSIVE COMMUNITIES.

Activities or mission (Part I)

SEE SCHEDULE OINNOVATIVE AND FULL OF HEART, MARK DAY SCHOOL NURTURES EACH CHILD TO PURSUE THEIR CURIOSITY, THINK CRITICALLY, EMBRACE CHALLENGE WITH COURAGE AND JOY, AND WORK IN PARTNERSHIP WITH OTHERS TO BUILD MORE CARING AND INCLUSIVE COMMUNITIES.

  • MARK DAY SCHOOL IS AN INDEPENDENT, ALL GENDER SCHOOL FOR 380 STUDENTS IN KINDERGARTEN THROUGH EIGHTH GRADE. MARK DAY SCHOOL STUDENTS PARTICIPATE IN A CHALLENGING AND ACTIVE HANDS-ON ACADEMIC PROGRAM, PREPARING THEM FOR SUCCESS IN FUTURE SCHOOLING AND IN LIFE. MARK DAY SCHOOL ACADEMICS INCLUDES TRADITIONAL SKILLS AND COMPETENCIES OF FOUNDATIONAL LITERACIES SUCH AS MATH AND THE HUMANITIES, AS WELL AS FOUR CROSS-DISCIPLINARY LITERACIES THAT ARE INTERWOVEN INTO THE CURRICULUM. THE FOUR CROSS-DISCIPLINARY LITERACIES ARE; MEDIA AND INFORMATION, SOCIAL AND EMOTIONAL, ECOLOGICAL AND CROSS-CULTURAL. CROSS-CULTURAL LITERACY IS ENHANCED THROUGH OUR FORMALIZED PARTNERSHIPS WITH FOREIGN SCHOOLS IN TAIWAN, COSTA RICA AND SOUTH AFRICA. FOLLOWING GRADUATION, MARK DAY SCHOOL ALUMNI MATRICULATE (CONTINUED SCHEDULE O)AT EXCELLENT INDEPENDENT, PUBLIC AND PAROCHIAL HIGH SCHOOLS IN THE BAY AREA AND AT BOARDING SCHOOLS AROUND THE COUNTRY. MARK DAY SCHOOL GRADUATES ARE CONSIDERED AMONG THE BEST PREPARED STUDENTS AT THOSE SCHOOLS.

    Expenses $15,950,565 · Grants $3,041,364 · Revenue $17,309,271

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Joseph Harvey

    HEAD OF SCHOOL

    Total calculated
    $575,968
    From this org
    $458,901
    From related orgs
    $0
    Other
    $117,067
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $378,561
    Bonus
    $0
    Other
    $80,340
    Deferred
    $102,367
    Nontaxable benefits
    $14,700
    Filer's total
    $575,968

  • Sara Egide

    PRESIDENT

    Total calculated
    $0
    Hours/week
    5

  • Aimee Foreman

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Megan Mariani

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Mike Beck

    ASST. TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Chris Abate

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Paul Austin

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Carolyn Bojanowski

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Ryan Brown

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Jessica Clifton

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Prathap Dendi

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Ethan Dornhelm

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Stephanie Dornhelm

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Scott Faber

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Rika Gopinath

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Reetika Grewal

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Robert Hee

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Chelsea Ialeggio

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Andy Kelly

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Christine Metzger

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Jessica Ngo

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Alicia Rockefeller

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Katie Shannon

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • David Shapiro

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Andrea Urda-Rijo

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Bella Chang

    CHIEF FINANCIAL OFFICER

    Total calculated
    $284,072
    From this org
    $257,038
    From related orgs
    $0
    Other
    $27,034
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $257,038
    Bonus
    $0
    Other
    $0
    Deferred
    $16,242
    Nontaxable benefits
    $10,792
    Filer's total
    $284,072

  • Bonnie Nishihara

    ASSISTANT HEAD OF SCHOOL

    Total calculated
    $224,225
    From this org
    $191,089
    From related orgs
    $0
    Other
    $33,136
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $191,089
    Bonus
    $0
    Other
    $0
    Deferred
    $19,213
    Nontaxable benefits
    $13,923
    Filer's total
    $224,225

  • David Hickman

    HEAD OF UPPER SCHOOL

    Total calculated
    $229,434
    From this org
    $200,765
    From related orgs
    $0
    Other
    $28,669
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $200,765
    Bonus
    $0
    Other
    $0
    Deferred
    $14,054
    Nontaxable benefits
    $14,615
    Filer's total
    $229,434

  • Wendy Levine

    DIRECTOR OF DEVELOPMENT

    Total calculated
    $189,301
    From this org
    $167,869
    From related orgs
    $0
    Other
    $21,432
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $167,869
    Bonus
    $0
    Other
    $0
    Deferred
    $11,354
    Nontaxable benefits
    $10,078
    Filer's total
    $189,301

  • Katherin Kelso

    DIRECTOR OF ADMISSION

    Total calculated
    $180,708
    From this org
    $152,755
    From related orgs
    $0
    Other
    $27,953
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $152,755
    Bonus
    $0
    Other
    $0
    Deferred
    $9,210
    Nontaxable benefits
    $18,743
    Filer's total
    $180,708

  • Brian Wilkerson

    MUSIC TEACHER

    Total calculated
    $170,690
    From this org
    $143,517
    From related orgs
    $0
    Other
    $27,173
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $143,517
    Bonus
    $0
    Other
    $0
    Deferred
    $8,611
    Nontaxable benefits
    $18,562
    Filer's total
    $170,690

  • Fernanda Pernambuco

    DIR OF PART., EQUITY, INCL

    Total calculated
    $170,685
    From this org
    $143,163
    From related orgs
    $0
    Other
    $27,522
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $143,163
    Bonus
    $0
    Other
    $0
    Deferred
    $8,590
    Nontaxable benefits
    $18,932
    Filer's total
    $170,685

  • Geneva Conway

    FIRST GRADE TEACHER

    Total calculated
    $167,147
    From this org
    $138,358
    From related orgs
    $0
    Other
    $28,789
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $138,358
    Bonus
    $0
    Other
    $0
    Deferred
    $9,848
    Nontaxable benefits
    $18,941
    Filer's total
    $167,147

  • Lisa Becker

    FIRST GRADE TEACHER

    Total calculated
    $166,563
    From this org
    $137,980
    From related orgs
    $0
    Other
    $28,583
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $137,980
    Bonus
    $0
    Other
    $0
    Deferred
    $9,659
    Nontaxable benefits
    $18,924
    Filer's total
    $166,563

  • Silvia Buckley

    SPANISH TEACHER

    Total calculated
    $146,290
    From this org
    $137,868
    From related orgs
    $0
    Other
    $8,422
    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 · Independent compensation consultant
  • 3 · Form 990 of other organizations
  • 3 · Written employment contract
  • 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 HEAD OF SCHOOL RECEIVES A TAXABLE HOUSING ALLOWANCE OF $80,340 AND IT'S INCLUDED IN THE AMOUNT ON SCHEDULE J, PART II, COLUMN B(III).
PART I, LINE 4B
THE SCHOOL ESTABLISHED A 457(F) SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN WITH ONE OF ITS EXECUTIVE EMPLOYEES. THE AMOUNT ACCRUED DURING 2023 CALENDAR YEAR WAS $70,000 AND IT HAS BEEN INCLUDED ON SCHEDULE J, PART II, COLUMN (C).

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
2023
Filed
14 February 2025
IRS schema version
2023v6.0
Source object
202500459349302305

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