Totals
- Total revenue
- $63,266,454
- Total expenses
- $69,889,533
- Contributions and grants received
- $12,518,692
- Grants paid
- $8,095,810
- Program service revenue
- $49,293,825
- Investment income
- $1,368,478
- Other revenue
- $85,459
- Total assets, end of year
- $355,107,842
- Total liabilities, end of year
- $103,104,015
- Net assets or fund balances, end of year
- $252,003,827
- Program services expenses (Part IX)
- $54,156,778
- Management and general expenses
- $12,435,797
- Fundraising expenses
- $3,296,958
- Program service expenses (Part III)
- $54,156,778
Program services were 77.5% 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.
-
1e · Government grants (contributions)
$658,919
-
1f · All other contributions, gifts and grants
$11,859,773
-
1g · Noncash contributions included above
$340,587
-
2a · Program service revenue: TUITION INCOME
total $48,519,441 · related or exempt $48,519,441
-
2b · Program service revenue: OTHER STUDENT FEES
total $492,384 · related or exempt $492,384
-
2c · Program service revenue: TECHNOLOGY FEES
total $282,000 · related or exempt $282,000
-
3 · Investment income
total $1,368,478 · excluded $1,368,478
-
6a · Gross rents
real property $77,250
-
6b · Less rental expenses
real property $0
-
6c · Rental income or loss
real property $77,250
-
6d · Net rental income or loss
total $77,250 · excluded $77,250
-
7a · Gross sales of assets other than inventory
securities $340,587
-
7b · Less cost or other basis and sales expenses
securities $340,587
-
7c · Gain or loss
securities $0
-
11a · Other revenue: OTHER INCOME
total $8,209 · related or exempt $8,209
-
11e · Other revenue, total
$8,209
Functional expenses
Part IX, the statement of functional expenses.
-
2 · Grants to domestic individuals
total $8,095,810 · program services $8,095,810
-
5 · Compensation of officers, directors and key employees
total $1,181,849 · program services $319,659 · management and general $622,446 · fundraising $239,744
-
7 · Other salaries and wages
total $23,246,017 · program services $17,239,817 · management and general $4,837,458 · fundraising $1,168,742
-
8 · Pension plan contributions
total $2,169,315 · program services $1,599,203 · management and general $452,424 · fundraising $117,688
-
9 · Other employee benefits
total $2,866,349 · program services $2,081,036 · management and general $623,745 · fundraising $161,568
-
10 · Payroll taxes
total $1,694,871 · program services $1,221,801 · management and general $375,984 · fundraising $97,086
-
11b · Fees: legal
total $415,276 · management and general $415,276
-
11c · Fees: accounting
total $81,330 · management and general $81,330
-
11f · Fees: investment management
total $149,059 · management and general $149,059
-
11g · Fees: other
total $1,034,655 · management and general $656,610 · fundraising $378,045
-
13 · Office expenses
total $1,459,423 · program services $191,526 · management and general $884,581 · fundraising $383,316
-
16 · Occupancy
total $618,370 · program services $532,025 · management and general $81,432 · fundraising $4,913
-
17 · Travel
total $8,146 · program services $5,525 · management and general $1,011 · fundraising $1,610
-
19 · Conferences, conventions and meetings
total $226,830 · program services $40,525 · management and general $77,456 · fundraising $108,849
-
20 · Interest
total $2,185,620 · program services $1,792,208 · management and general $327,843 · fundraising $65,569
-
22 · Depreciation, depletion and amortization
total $14,014,221 · program services $11,491,661 · management and general $2,102,133 · fundraising $420,427
-
23 · Insurance
total $637,611 · program services $522,841 · management and general $95,642 · fundraising $19,128
-
24a · Other expenses: BUILDING AND MAINTENANC
total $4,342,447 · program services $3,560,807 · management and general $651,367 · fundraising $130,273
-
24b · Other expenses: OTHER INSTRUCTIONAL EXP
total $2,237,443 · program services $2,237,443
-
24c · Other expenses: LUNCH ROOM EXPENSE
total $1,883,594 · program services $1,883,594
-
24d · Other expenses: STUDENT ACTIVITIES
total $751,690 · program services $751,690
-
24e · All other expenses
total $589,607 · program services $589,607
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $5,057,579 · end of year $4,079,742
-
2 · Savings and temporary cash investments
beginning of year $24,486,803 · end of year $18,726,366
-
3 · Pledges and grants receivable
beginning of year $5,586,596 · end of year $7,385,586
-
4 · Accounts receivable
beginning of year $1,067,981 · end of year $289,821
-
9 · Prepaid expenses and deferred charges
beginning of year $344,203 · end of year $827,770
-
10a · Land, buildings and equipment: cost or other basis
$339,459,023
-
10b · Land, buildings and equipment: accumulated depreciation
$90,294,690
-
10c · Land, buildings and equipment, net
beginning of year $260,750,103 · end of year $249,164,333
-
11 · Investments: publicly traded securities
beginning of year $40,469,741 · end of year $48,091,364
-
12 · Investments: other securities
beginning of year $24,397,265 · end of year $25,411,538
-
15 · Other assets
beginning of year $1,243,987 · end of year $1,131,322
-
17 · Accounts payable and accrued expenses
beginning of year $12,667,020 · end of year $6,839,570
-
19 · Deferred revenue
beginning of year $7,584,401 · end of year $8,638,311
-
20 · Tax-exempt bond liabilities
beginning of year $86,911,611 · end of year $85,480,147
-
25 · Other liabilities
beginning of year $2,150,197 · end of year $2,145,987
-
27 · Net assets without donor restrictions
beginning of year $232,237,685 · end of year $227,890,330
-
28 · Net assets with donor restrictions
beginning of year $21,853,344 · end of year $24,113,497
Mission and programs · 2022
Mission
THE CHAPIN SCHOOL IS AN INDEPENDENT DAY SCHOOL FOR YOUNG WOMEN IN GRADES K-12. CHAPIN'S COMMITTED TO PREPARING YOUNG WOMEN TO THRIVE/LEAD THROUGH THE PURSUIT OF ACADEMIC EXCELLENCE.
Activities or mission (Part I)
THE CHAPIN SCHOOL IS AN INDEPENDENT DAY SCHOOL FOR YOUNG WOMEN IN GRADES K THROUGH 12.
-
THE SCHOOL MEETS THE EDUCATIONAL NEEDS OF 814 STUDENTS FROMKINDERGARTEN THROUGH 12TH GRADE, WITH AN INSTRUCTIONAL STAFF OF139 AND THE ADDITIONAL SUPPORT OF 59 EMPLOYEES. GRANTS ARE GIVENBY THE SCHOOL IN THE FORM OF FINANCIAL AID TO ELIGIBLE STUDENTS.DURING THE SCHOOL YEAR ENDED JUNE 30 2023, 172 ELIGIBLE STUDENTSWERE AWARDED SUCH SCHOLARSHIPS.
Expenses $54,156,778 · Grants $8,095,810 · Revenue $49,302,034
As filed on the 2022 return.
Listed in Part VII
-
Suzanne FogartySUZANNE FOGARTY
HEAD OF SCHOOL
- Total calculated
- $773,189
- From this org
- $674,555
- From related orgs
- $0
- Other
- $98,634
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $674,555
- Bonus
- $0
- Other
- $0
- Deferred
- $85,000
- Nontaxable benefits
- $13,634
- Filer's total
- $773,189
-
Leeann BlackLEEANN BLACK
CHAIR
- Total calculated
- $0
- Hours/week
- 10
-
Stephanie ColemanSTEPHANIE COLEMAN
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 5
-
Kim Karetsky KrinskyKIM KARETSKY KRINSKY
VICE CHAIR, FINANCE
- Total calculated
- $0
- Hours/week
- 5
-
Clarence MitchellCLARENCE MITCHELL
SECRETARY
- Total calculated
- $0
- Hours/week
- 5
-
Alexa Bator ChaeALEXA BATOR CHAE
ASSISANT SECRETARY
- Total calculated
- $0
- Hours/week
- 5
-
Dr Samantha BoardmanDR SAMANTHA BOARDMAN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Denise Bailey-CastroDENISE BAILEY-CASTRO
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Melinda ChengMELINDA CHENG
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Jared CohenJARED COHEN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Christina S DiggsCHRISTINA S DIGGS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Claudio GarciaCLAUDIO GARCIA
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Brian J HigginsBRIAN J HIGGINS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Natalie HutchinsonNATALIE HUTCHINSON
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Rebecca IrwinREBECCA IRWIN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Mona Aboelnaga KanaanMONA ABOELNAGA KANAAN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Beth KojimaBETH KOJIMA
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
William S MackloweWILLIAM S MACKLOWE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Burwell Espy SchorrBURWELL ESPY SCHORR
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Bara TischBARA TISCH
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Cisco J Del ValleCISCO J DEL VALLE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Amanda WaldronAMANDA WALDRON
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Jay Mathews Thru June 2023JAY MATHEWS THRU JUNE 2023
INTERIM CHIEF FINANCIAL OFFICER
- Total calculated
- $294,088
- From this org
- $263,701
- From related orgs
- $0
- Other
- $30,387
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $263,701
- Bonus
- $0
- Other
- $0
- Deferred
- $16,753
- Nontaxable benefits
- $13,634
- Filer's total
- $294,088
-
Patricia Foster Beg July 2023PATRICIA FOSTER BEG JULY 2023
CHIEF FINANCIAL OFFICER
- Total calculated
- $0
- Hours/week
- 40
-
Hall XiomaraHALL XIOMARA
ASSOCIATE HEAD OF SCHOOL
- Total calculated
- $282,753
- From this org
- $241,679
- From related orgs
- $0
- Other
- $41,074
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $241,679
- Bonus
- $0
- Other
- $0
- Deferred
- $27,440
- Nontaxable benefits
- $13,634
- Filer's total
- $282,753
-
Marita AltmanMARITA ALTMAN
DIRECTOR OF ADVANCEMENT
- Total calculated
- $324,456
- From this org
- $278,093
- From related orgs
- $0
- Other
- $46,363
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $278,093
- Bonus
- $0
- Other
- $0
- Deferred
- $32,729
- Nontaxable benefits
- $13,634
- Filer's total
- $324,456
-
Mary RaffertyMARY RAFFERTY
HEAD OF MIDDLE SCHOOL
- Total calculated
- $323,128
- From this org
- $279,301
- From related orgs
- $0
- Other
- $43,827
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $279,301
- Bonus
- $0
- Other
- $0
- Deferred
- $30,193
- Nontaxable benefits
- $13,634
- Filer's total
- $323,128
-
Karey SchnerKAREY SCHNER
DIRECTOR OF COLLEGE GUIDANCE
- Total calculated
- $287,637
- From this org
- $252,898
- From related orgs
- $0
- Other
- $34,739
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $252,898
- Bonus
- $0
- Other
- $0
- Deferred
- $21,105
- Nontaxable benefits
- $13,634
- Filer's total
- $287,637
-
Allison BishopALLISON BISHOP
HEAD OF UPPER SCHOOL
- Total calculated
- $280,381
- From this org
- $239,287
- From related orgs
- $0
- Other
- $41,094
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $239,287
- Bonus
- $0
- Other
- $0
- Deferred
- $27,460
- Nontaxable benefits
- $13,634
- Filer's total
- $280,381
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
- 1a · Personal services (maid, chauffeur, chef)
- 3 · Compensation committee
- 3 · Written employment contract
- 3 · Compensation survey or study
- 3 · Approval by the board or compensation committee
- 4b · Supplemental nonqualified retirement plan
Answered no
- 1b · Written policy on the line-1a expenses
- 2 · Substantiation required before reimbursing expenses
- 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
- COMPENSATION: THE COMPENSATION COMMITTEE OF THE TRUSTEES DETERMINES THE ANNUAL INCREASE FOR THE HEAD OF THE SCHOOL. THE HEAD OF THE SCHOOL DETERMINES SALARIES FOR OTHER EMPLOYEES. SALARIES ARE DETERMINED BASED ON PUBLISHED COMPARABLE SALARY INFORMATION FOR SIMILAR SCHOOLS IN THE AREA. HOUSING: CHAPIN REQUIRES ITS HEAD OF SCHOOL TO USE A SCHOOL OWNED RESIDENCE TO CONDUCT SCHOOL RELATED BUSINESS AND TO HOST FREQUENT SCHOOL RELATED ACTIVITIES FOR THE CONVENIENCE OF THE SCHOOL.
- PART I, LINE 4B
- THE SCHOOL MAINTAINS A DEFERRED COMPENSATION PLAN FOR ITS HEAD OF SCHOOL. DURING CALENDAR YEAR 2022, THE SCHOOL CONTRIBUTED $50,000 TO THIS 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
- 14 May 2024
- IRS schema version
- 2022v5.0
- Source object
- 202421359349302247
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