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Nonprofiteer
← KENT PLACE SCHOOL

Form 990 for tax year 2024

Filed by KENT PLACE SCHOOL.

Totals

Total revenue
$51,589,620
Total expenses
$42,022,380
Contributions and grants received
$10,485,261
Grants paid
$4,693,067
Program service revenue
$37,964,835
Investment income
$2,563,198
Other revenue
$576,326
Total assets, end of year
$91,060,150
Total liabilities, end of year
$10,932,999
Net assets or fund balances, end of year
$80,127,151
Program services expenses (Part IX)
$31,229,370
Management and general expenses
$7,341,446
Fundraising expenses
$3,451,564
Program service expenses (Part III)
$31,229,370

Program services were 74.3% 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.

  • 1f · All other contributions, gifts and grants

    $10,485,261

  • 1g · Noncash contributions included above

    $854,077

  • 2a · Program service revenue: TUITION AND FEES

    total $33,913,407 · related or exempt $33,913,407

  • 2b · Program service revenue: AUXILIARY SERVICES

    total $4,051,428 · related or exempt $4,051,428

  • 3 · Investment income

    total $963,579 · unrelated business $10,061 · excluded $953,518

  • 6a · Gross rents

    real property $304,852

  • 6b · Less rental expenses

    real property $6,653

  • 6c · Rental income or loss

    real property $298,199

  • 6d · Net rental income or loss

    total $298,199 · excluded $298,199

  • 7a · Gross sales of assets other than inventory

    securities $2,085,568 · other assets $379,042

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

    securities $734,321 · other assets $130,670

  • 7c · Gain or loss

    securities $1,351,247 · other assets $248,372

  • 7d · Net gain or loss

    total $1,599,619 · unrelated business $1,443 · excluded $1,598,176

  • 10a · Gross sales of inventory

    $196,064

  • 10b · Cost of goods sold

    $116,858

  • 10c · Net income from sales of inventory

    total $79,206 · related or exempt $79,206

  • 11a · Other revenue: OTHER REVENUE

    total $188,596 · excluded $188,596

  • 11b · Other revenue: RECOVERY OF BAD DEBT

    total $6,463 · excluded $6,463

  • 11c · Other revenue: TUITION FORFEITURE

    total $3,862 · excluded $3,862

  • 11e · Other revenue, total

    $198,921

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $4,693,067 · program services $4,693,067

  • 5 · Compensation of officers, directors and key employees

    total $1,099,408 · program services $125,347 · management and general $538,263 · fundraising $435,798

  • 7 · Other salaries and wages

    total $19,472,920 · program services $14,314,805 · management and general $3,795,195 · fundraising $1,362,920

  • 8 · Pension plan contributions

    total $1,369,192 · program services $1,012,479 · management and general $267,998 · fundraising $88,715

  • 9 · Other employee benefits

    total $2,660,341 · program services $1,903,297 · management and general $531,737 · fundraising $225,307

  • 10 · Payroll taxes

    total $1,728,941 · program services $1,244,208 · management and general $347,350 · fundraising $137,383

  • 11b · Fees: legal

    total $59,022 · management and general $59,022

  • 11c · Fees: accounting

    total $82,924 · management and general $82,924

  • 11e · Fees: professional fundraising services

    total $62,200 · fundraising $62,200

  • 11f · Fees: investment management

    total $107,737 · management and general $107,737

  • 11g · Fees: other

    total $380,643 · program services $91,323 · management and general $289,320

  • 12 · Advertising and promotion

    total $127,491 · program services $12,111 · management and general $73,978 · fundraising $41,402

  • 13 · Office expenses

    total $1,220,063 · program services $702,058 · management and general $253,903 · fundraising $264,102

  • 14 · Information technology

    total $599,715 · program services $275,935 · management and general $158,094 · fundraising $165,686

  • 16 · Occupancy

    total $495,698 · program services $415,611 · management and general $54,788 · fundraising $25,299

  • 17 · Travel

    total $433,168 · program services $371,814 · management and general $27,499 · fundraising $33,855

  • 22 · Depreciation, depletion and amortization

    total $2,815,696 · program services $2,303,368 · management and general $350,486 · fundraising $161,842

  • 24a · Other expenses: REPAIRS AND MAINTENANCE

    total $1,675,439 · program services $1,381,090 · management and general $199,264 · fundraising $95,085

  • 24b · Other expenses: EDUCATIONAL PROGRAM

    total $1,237,225 · program services $1,159,462 · management and general $1,991 · fundraising $75,772

  • 24c · Other expenses: DINING SERVICE FEES

    total $1,027,257 · program services $1,027,257

  • 24d · Other expenses: OTHER OPERATING EXPENSE

    total $415,993 · program services $54,338 · management and general $86,474 · fundraising $275,181

  • 24e · All other expenses

    total $258,240 · program services $141,800 · management and general $115,423 · fundraising $1,017

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,084,867 · end of year $846,256

  • 2 · Savings and temporary cash investments

    beginning of year $10,372,219 · end of year $12,151,227

  • 3 · Pledges and grants receivable

    beginning of year $3,844,119 · end of year $5,821,598

  • 4 · Accounts receivable

    beginning of year $493,725 · end of year $418,581

  • 8 · Inventories for sale or use

    beginning of year $73,200 · end of year $86,843

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,616,067 · end of year $2,170,214

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

    $79,857,979

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

    $34,984,450

  • 10c · Land, buildings and equipment, net

    beginning of year $40,265,264 · end of year $44,873,529

  • 11 · Investments: publicly traded securities

    beginning of year $14,844,972 · end of year $15,766,567

  • 12 · Investments: other securities

    beginning of year $6,831,583 · end of year $8,792,792

  • 15 · Other assets

    beginning of year $820,972 · end of year $132,543

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,969,353 · end of year $3,205,955

  • 19 · Deferred revenue

    beginning of year $4,168,248 · end of year $4,439,567

  • 20 · Tax-exempt bond liabilities

    beginning of year $3,465,654 · end of year $3,287,477

  • 27 · Net assets without donor restrictions

    beginning of year $41,625,241 · end of year $48,660,196

  • 28 · Net assets with donor restrictions

    beginning of year $29,018,492 · end of year $31,466,955

Mission and programs · 2024

Mission

FOR 130 YEARS, KENT PLACE SCHOOL HAS EMPOWERED GIRLS TO BE CONFIDENT, INTELLECTUAL, AND ETHICAL LEADERS WHO ADVANCE THE WORLD.

Activities or mission (Part I)

KPS EMPOWERS GIRLS TO BE CONFIDENT, INTELLECTUAL, & ETHICAL LEADERS WHO ADVANCE THE WORLD.

  • OUR KENT PLACE CURRICULUM AND PROGRAMS ARE RICH IN OPPORTUNITIES FOR STUDENTS TO DEVELOP ETHICAL DECISION-MAKING, CRITICAL THINKING, AND PROBLEM-SOLVING SKILLS. WE PROMOTE INTEGRITY, INITIATIVE, AND INCLUSION THROUGHOUT ALL OF THE SCHOOLING YEARS. OUR STUDENTS TAKE ON INCREASINGLY PROFOUND LEADERSHIP OPPORTUNITIES THAT FOSTER COLLABORATION AND SELF-AWARENESS WHILE ALSO CULTIVATING COMPASSION AND EMPATHY. WE BELIEVE THAT THE LESSONS AND VALUES ENCOURAGED BY OUR MULTI-TALENTED FACULTY PREPARE EACH STUDENT TO BE AN ACTIVE CONTRIBUTOR TO THE LARGER WORLD BEYOND KENT PLACE. KENT PLACE IS HOME TO A WIDE ARRAY OF CURRICULAR AND COCURRICULAR ACTIVITIES, AS WELL AS OUR SIGNATURE PROGRAMS SUCH AS THE GIRLS' LEADERSHIP INSTITUTE AND OUR RENOWNED ETHICS INSTITUTE, WHICH PROMOTES THE PROCESS AND PRACTICE OF ETHICAL DECISION-MAKING IN PRIMARY AND SECONDARY SCHOOL COMMUNITIES. KENT PLACE ALSO OFFERS A TRADITIONAL SUMMER DAY CAMP, AFTERSCHOOL PROGRAMS, AND ENRICHMENT CLASSES.

    Expenses $31,229,370 · Grants $4,693,067 · Revenue $38,044,041

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Anne Grissinger

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Katie Machir

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Usha Puglianda

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Nancy H Van Duyne

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Suneet Varma

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Rahul Goyal

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Nicole G Epps

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Kc Artemenko

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Yemi Benedict-Vatel

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Maria Brugg

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Todd C Builione

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Laurence Capone

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Elizabeth Chrystal

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Betsy Crosby

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Patricia Grushkin

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Shane Harris

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Claudia Hirawat

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Ping Ji

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Katherine Lynch

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Lynn Magrane

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Beverly B Mills

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • John Ross

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Benjamin Seelaus

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Suba Shah

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Jenny Shilling

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Doug Sieg

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • James Wu

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Amy Ziebarth

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Jennifer C Galambos

    HEAD OF SCHOOL

    Total calculated
    $747,350
    From this org
    $543,065
    From related orgs
    $0
    Other
    $204,285
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $512,565
    Bonus
    $0
    Other
    $30,500
    Deferred
    $27,600
    Nontaxable benefits
    $176,685
    Filer's total
    $747,350

  • Matthew Park

    CHIEF FINANCIAL & OPERATING OFFICER

    Total calculated
    $211,594
    From this org
    $200,000
    From related orgs
    $0
    Other
    $11,594
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $200,000
    Bonus
    $0
    Other
    $0
    Deferred
    $8,750
    Nontaxable benefits
    $2,844
    Filer's total
    $211,594

  • Allison Brunhouse

    CHIEF ENROLLMENT & STRATEGY OFFICER

    Total calculated
    $245,975
    From this org
    $213,525
    From related orgs
    $0
    Other
    $32,450
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $213,525
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $32,450
    Filer's total
    $245,975

  • Coral Brooks

    CHIEF ADV. OFFICER THRU MARCH 2025

    Total calculated
    $311,705
    From this org
    $235,624
    From related orgs
    $0
    Other
    $76,081
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $235,624
    Bonus
    $0
    Other
    $0
    Deferred
    $20,317
    Nontaxable benefits
    $55,764
    Filer's total
    $311,705

  • Karen Rezach

    DIRECTOR OF THE ETHICS INSTITUTE

    Total calculated
    $270,375
    From this org
    $224,022
    From related orgs
    $0
    Other
    $46,353
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $220,422
    Bonus
    $0
    Other
    $3,600
    Deferred
    $27,646
    Nontaxable benefits
    $18,707
    Filer's total
    $270,375

  • Jennifer Simpson

    DIRECTOR OF COLLEGE ADVISING

    Total calculated
    $246,873
    From this org
    $216,936
    From related orgs
    $0
    Other
    $29,937
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $216,936
    Bonus
    $0
    Other
    $0
    Deferred
    $26,217
    Nontaxable benefits
    $3,720
    Filer's total
    $246,873

  • Julia Morgan

    ASST. HEAD OF SCHOOL

    Total calculated
    $290,687
    From this org
    $208,080
    From related orgs
    $0
    Other
    $82,607
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $208,080
    Bonus
    $0
    Other
    $0
    Deferred
    $27,271
    Nontaxable benefits
    $55,336
    Filer's total
    $290,687

  • Victoria Browne

    DIRECTOR OF ATHLETICS

    Total calculated
    $254,624
    From this org
    $195,334
    From related orgs
    $0
    Other
    $59,290
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $195,334
    Bonus
    $0
    Other
    $0
    Deferred
    $10,449
    Nontaxable benefits
    $48,841
    Filer's total
    $254,624

  • Evelyn Hanna

    DIRECTOR OF THE UPPER SCHOOL

    Total calculated
    $237,693
    From this org
    $191,015
    From related orgs
    $0
    Other
    $46,678
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $191,015
    Bonus
    $0
    Other
    $0
    Deferred
    $15,947
    Nontaxable benefits
    $30,731
    Filer's total
    $237,693

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
  • 1a · Health or social club dues or initiation fees
  • 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 · 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
AS OUTLINED IN THE EMPLOYMENT AGREEMENTS WITH THE SCHOOL, THE HEAD OF SCHOOL IS REQUIRED TO RESIDE ON CAMPUS TO MEET THE ONGOING NEEDS OF THE SCHOOL COMMUNITY UNDER SECTION 119. THE SCHOOL PROVIDED THE HEAD OF SCHOOL WITH A HOUSING ALLOWANCE IN THE AMOUNT OF $153,123. THE HOUSING ALLOWANCE WAS TREATED AS NONTAXABLE COMPENSATION AND REPORTED ON SCHEDULE J, PART II, COLUMN D. THE HEAD OF SCHOOL WAS REIMBURSED $5,000 FOR THE COST OF A TENNIS CLUB MEMBERSHIP, USED FOR THE BENEFIT OF THE SCHOOL. THIS BENEFIT IS NONTAXABLE AND REPORTED ON SCHEDULE J, PART II, COLUMN D.
PART I, LINE 4B
JENNIFER C. GALAMBOS, HEAD OF SCHOOL, PARTICIPATED IN A SUPPLEMENTAL NONQUALIFIED RETIREMENT 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
2024
Filed
17 April 2026
IRS schema version
2024v5.5
Source object
202621079349300912

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