Totals
- Total revenue
- $57,811,443
- Total expenses
- $52,631,619
- Contributions and grants received
- $2,767,993
- Grants paid
- $8,250,679
- Program service revenue
- $51,438,121
- Investment income
- $3,196,598
- Other revenue
- $408,731
- Total assets, end of year
- $246,589,766
- Total liabilities, end of year
- $127,462,822
- Net assets or fund balances, end of year
- $119,126,944
- Program services expenses (Part IX)
- $44,129,176
- Management and general expenses
- $7,070,291
- Fundraising expenses
- $1,432,152
- Program service expenses (Part III)
- $44,129,176
Program services were 83.8% 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.
-
1c · Fundraising events
$1,757,599
-
1f · All other contributions, gifts and grants
$1,010,394
-
1g · Noncash contributions included above
$50,460
-
2a · Program service revenue: TUITION AND FEES
total $49,775,725 · related or exempt $49,775,725
-
2b · Program service revenue: SUMMER SCHOOL
total $1,191,354 · related or exempt $1,191,354
-
2c · Program service revenue: STUDENT SUPPORT SVCS
total $469,105 · related or exempt $469,105
-
2d · Program service revenue: ATHLETIC EVENTS
total $1,937 · related or exempt $1,937
-
3 · Investment income
total $3,196,598 · excluded $3,196,598
-
6a · Gross rents
real property $41,445
-
6b · Less rental expenses
real property $0
-
6c · Rental income or loss
real property $41,445
-
6d · Net rental income or loss
total $41,445 · excluded $41,445
-
8a · Fundraising events: gross income
$482,911
-
8a · Fundraising events: contributions included on line 1c
$1,757,599
-
8b · Fundraising events: direct expenses
$123,580
-
8c · Net income from fundraising events
total $359,331 · excluded $359,331
-
11a · Other revenue: OTHER INCOME
total $7,955 · excluded $7,955
-
11e · Other revenue, total
$7,955
Functional expenses
Part IX, the statement of functional expenses.
-
2 · Grants to domestic individuals
total $8,250,679 · program services $8,250,679
-
5 · Compensation of officers, directors and key employees
total $1,023,252 · program services $204,651 · management and general $602,606 · fundraising $215,995
-
7 · Other salaries and wages
total $20,460,468 · program services $16,565,299 · management and general $3,275,648 · fundraising $619,521
-
8 · Pension plan contributions
total $1,143,069 · program services $936,528 · management and general $175,257 · fundraising $31,284
-
9 · Other employee benefits
total $3,966,533 · program services $3,162,928 · management and general $675,444 · fundraising $128,161
-
10 · Payroll taxes
total $1,682,562 · program services $1,302,934 · management and general $313,926 · fundraising $65,702
-
11b · Fees: legal
total $334,359 · management and general $334,359
-
11c · Fees: accounting
total $60,463 · management and general $60,463
-
11f · Fees: investment management
total $120,994 · management and general $120,994
-
11g · Fees: other
total $261,103 · management and general $226,188 · fundraising $34,915
-
12 · Advertising and promotion
total $103,569 · management and general $32,119 · fundraising $71,450
-
13 · Office expenses
total $147,025 · program services $79,139 · fundraising $67,886
-
14 · Information technology
total $871,863 · program services $829,301 · management and general $36,747 · fundraising $5,815
-
16 · Occupancy
total $3,378,446 · program services $3,302,208 · management and general $52,237 · fundraising $24,001
-
19 · Conferences, conventions and meetings
total $326,990 · program services $276,815 · management and general $50,175
-
20 · Interest
total $1,448,965 · program services $1,416,267 · management and general $22,404 · fundraising $10,294
-
22 · Depreciation, depletion and amortization
total $3,540,460 · program services $3,460,566 · management and general $54,742 · fundraising $25,152
-
23 · Insurance
total $399,072 · management and general $397,260 · fundraising $1,812
-
24a · Other expenses: OTHER EXPENSES
total $2,432,986 · program services $2,042,641 · management and general $385,478 · fundraising $4,867
-
24b · Other expenses: INSTRUCTION
total $1,593,386 · program services $1,593,386
-
24c · Other expenses: HOSPITALITY AND EVENTS
total $502,403 · program services $235,780 · management and general $141,326 · fundraising $125,297
-
24d · Other expenses: ATHLETICS
total $470,054 · program services $470,054
-
24e · All other expenses
total $112,918 · management and general $112,918
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $757,058 · end of year $252,280
-
2 · Savings and temporary cash investments
beginning of year $11,819,533 · end of year $13,073,231
-
3 · Pledges and grants receivable
beginning of year $3,669,569 · end of year $2,457,267
-
4 · Accounts receivable
beginning of year $33,876,144 · end of year $37,045,516
-
9 · Prepaid expenses and deferred charges
beginning of year $261,097 · end of year $488,995
-
10a · Land, buildings and equipment: cost or other basis
$154,760,480
-
10b · Land, buildings and equipment: accumulated depreciation
$51,245,029
-
10c · Land, buildings and equipment, net
beginning of year $77,589,553 · end of year $103,515,451
-
11 · Investments: publicly traded securities
beginning of year $73,176,228 · end of year $79,829,300
-
15 · Other assets
beginning of year $30,637,939 · end of year $9,927,726
-
17 · Accounts payable and accrued expenses
beginning of year $5,785,163 · end of year $9,478,906
-
19 · Deferred revenue
beginning of year $42,416,396 · end of year $46,138,396
-
20 · Tax-exempt bond liabilities
beginning of year $72,965,282 · end of year $71,845,520
-
27 · Net assets without donor restrictions
beginning of year $47,395,203 · end of year $53,426,301
-
28 · Net assets with donor restrictions
beginning of year $63,225,077 · end of year $65,700,643
Mission and programs · 2023
Mission
TO CREATE AND INSPIRE A DIVERSE COMMUNITY OF INDEPENDENT THINKERS WHOSE ACADEMIC EXCELLENCE, GLOBAL PERSPECTIVE, AND STRENGTH OF CHARACTER PREPARE THEM TO MAKE A MEANINGFUL DIFFERENCE IN THE WORLD.
Activities or mission (Part I)
TO PROVIDE EDUCATIONAL SERVICES TO STUDENTS FROM JR. KINDERGARTEN THROUGH GRADE 12.
-
FRANCIS PARKER SCHOOL IS COMMITTED TO GRADUATING STUDENTS WHO EMBODY THOSE QUALITIES ESSENTIAL FOR ACADEMIC SUCCESS AND PERSONAL FULFILLMENT - INTELLECTUAL CURIOSITY, CREATIVE THINKING, PASSION FOR LEARNING, ETHICAL RESPONSIBILITY, SELF-RELIANCE, COMMUNITY ENGAGEMENT, AND GLOBAL COMPETENCE - BY OFFERING A BALANCED, CHALLENGING AND INTEGRATED K-12 EDUCATIONAL PROGRAM IN ACADEMICS, ATHLETICS, AND THE ARTS, ALL CENTERED IN A VIBRANT AND DIVERSE SCHOOL ENVIRONMENT.
Expenses $44,129,176 · Grants $8,250,679 · Revenue $51,438,121
As filed on the 2023 return.
Listed in Part VII
-
Kevin YaleyKEVIN YALEY
HEAD OF SCHOOL
- Total calculated
- $884,954
- From this org
- $664,919
- From related orgs
- $0
- Other
- $220,035
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $598,190
- Bonus
- $60,000
- Other
- $6,729
- Deferred
- $99,750
- Nontaxable benefits
- $120,285
- Filer's total
- $884,954
-
Diana CaseyDIANA CASEY
BOARD CHAIR (THRU 06/24)
- Total calculated
- $0
- Hours/week
- 1
-
Voltaire SterlingVOLTAIRE STERLING
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Jeannette Aldous MDJEANNETTE ALDOUS MD
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Steve BjorgSTEVE BJORG
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Jing BourgeoisJING BOURGEOIS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Carin Canale-TheakstonCARIN CANALE-THEAKSTON
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Schuyler CoppedgeSCHUYLER COPPEDGE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Estela De LlanosESTELA DE LLANOS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Kristie DiamondKRISTIE DIAMOND
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Peggy DuncanPEGGY DUNCAN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Graeme GabrielGRAEME GABRIEL
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Sarah GothSARAH GOTH
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Marvin GunnMARVIN GUNN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Robert HowardROBERT HOWARD
TRUSTEE (THRU 06/24)
- Total calculated
- $0
- Hours/week
- 1
-
Erik KeskinenERIK KESKINEN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Carter MeiselmanCARTER MEISELMAN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
John OwensJOHN OWENS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Jackie ReedJACKIE REED
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Samir SinghSAMIR SINGH
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Kate Deely SmithKATE DEELY SMITH
TRUSTEE (THRU 06/24)
- Total calculated
- $0
- Hours/week
- 1
-
Kirsten SolbergKIRSTEN SOLBERG
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Meghan SpiekerMEGHAN SPIEKER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Mike RinehartMIKE RINEHART
ASST HEAD OF FINANCE & OPERATIONS
- Total calculated
- $228,361
- From this org
- $210,487
- From related orgs
- $0
- Other
- $17,874
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $209,772
- Bonus
- $0
- Other
- $715
- Deferred
- $9,883
- Nontaxable benefits
- $7,991
- Filer's total
- $228,361
-
Francis Daniel LangFRANCIS DANIEL LANG
ASST HEAD OF STRATEGIC INITIATIVES
- Total calculated
- $204,181
- From this org
- $180,985
- From related orgs
- $0
- Other
- $23,196
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $179,965
- Bonus
- $0
- Other
- $1,020
- Deferred
- $14,511
- Nontaxable benefits
- $8,685
- Filer's total
- $204,181
-
Cathy LeeCATHY LEE
DIRECTOR OF FINANCE
- Total calculated
- $185,751
- From this org
- $165,732
- From related orgs
- $0
- Other
- $20,019
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $152,331
- Bonus
- $0
- Other
- $13,401
- Deferred
- $11,334
- Nontaxable benefits
- $8,685
- Filer's total
- $185,751
-
Carrie DilmoreCARRIE DILMORE
ASST HEAD OF UPPER SCHOOL
- Total calculated
- $177,928
- From this org
- $158,727
- From related orgs
- $0
- Other
- $19,201
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $133,259
- Bonus
- $0
- Other
- $25,468
- Deferred
- $10,516
- Nontaxable benefits
- $8,685
- Filer's total
- $177,928
-
Shara FreemanSHARA FREEMAN
ASST HEAD FOR EXTERNAL RELATIONS
- Total calculated
- $301,167
- From this org
- $276,936
- From related orgs
- $0
- Other
- $24,231
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $231,735
- Bonus
- $0
- Other
- $45,201
- Deferred
- $15,546
- Nontaxable benefits
- $8,685
- Filer's total
- $301,167
-
Benjamin TempleBENJAMIN TEMPLE
HEAD OF UPPER SCHOOL
- Total calculated
- $205,115
- From this org
- $189,738
- From related orgs
- $0
- Other
- $15,377
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $187,374
- Bonus
- $0
- Other
- $2,364
- Deferred
- $6,692
- Nontaxable benefits
- $8,685
- Filer's total
- $205,115
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 · 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
- 7 · Other non-fixed payments
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
- 8 · Paid under the initial-contract exception
The filer's explanations (Part III)
- PART I, LINE 1A
- THE HEAD OF SCHOOL RESIDES IN A SCHOOL-OWNED RESIDENCE AS A CONDITION OF EMPLOYMENT. THE APPROXIMATE VALUE IS $9,300/MONTH, FOR A TOTAL OF $111,600 FOR THE TAX YEAR. THIS AMOUNT IS INCLUDED IN NONTAXABLE BENEFITS FOR THE HEAD OF SCHOOL.
- PART I, LINE 4B
- THE HEAD OF SCHOOL PARTICIPATES IN THE SCHOOL'S SEC. 457(F) DEFERRED COMPENSATION PLAN. DURING THE CALENDAR YEAR 2023, $52,500 WAS ACCRUED IN THE SEC. 457(F) PLAN.
- PART I, LINE 7
- THE HEAD OF SCHOOL RECEIVED A BONUS IN CONNECTION WITH THE EXTENSION OF THE HEAD OF SCHOOL EMPLOYMENT AGREEMENT.
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.
Taxable family on this return
Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.
Related corporations and trusts
Part IV: related organizations taxable as a corporation or trust.
-
CHARITABLE REMAINDER TRUST (1)
TRUST · CA
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 18 February 2025
- IRS schema version
- 2023v6.0
- Source object
- 202520559349301857
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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