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Nonprofiteer
← BUCKLEY SCHOOL

Form 990 for tax year 2023

Filed by BUCKLEY SCHOOL.

Totals

Total revenue
$47,326,349
Total expenses
$47,080,651
Contributions and grants received
$1,619,008
Grants paid
$5,200,785
Program service revenue
$43,375,716
Investment income
$1,948,442
Other revenue
$383,183
Total assets, end of year
$177,250,991
Total liabilities, end of year
$73,464,476
Net assets or fund balances, end of year
$103,786,515
Program services expenses (Part IX)
$36,805,172
Management and general expenses
$8,758,624
Fundraising expenses
$1,516,855
Program service expenses (Part III)
$36,805,172

Program services were 78.2% 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

    $128,876

  • 1f · All other contributions, gifts and grants

    $1,490,132

  • 1g · Noncash contributions included above

    $39,967

  • 2a · Program service revenue: TUITION AND FEES

    total $43,375,716 · related or exempt $43,375,716

  • 3 · Investment income

    total $1,948,442 · excluded $1,948,442

  • 6a · Gross rents

    real property $270,184

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $270,184

  • 6d · Net rental income or loss

    total $270,184 · excluded $270,184

  • 8a · Fundraising events: gross income

    $501,877

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

    $128,876

  • 8b · Fundraising events: direct expenses

    $476,054

  • 8c · Net income from fundraising events

    total $25,823 · excluded $25,823

  • 11a · Other revenue: HOT LUNCH

    total $70,696 · excluded $70,696

  • 11b · Other revenue: MISCELLANEOUS

    total $16,480 · excluded $16,480

  • 11e · Other revenue, total

    $87,176

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $5,200,785 · program services $5,200,785

  • 5 · Compensation of officers, directors and key employees

    total $2,201,216 · program services $1,650,913 · management and general $440,242 · fundraising $110,061

  • 7 · Other salaries and wages

    total $18,704,783 · program services $14,516,412 · management and general $3,295,155 · fundraising $893,216

  • 8 · Pension plan contributions

    total $694,541 · program services $492,103 · management and general $179,551 · fundraising $22,887

  • 9 · Other employee benefits

    total $2,752,000 · program services $2,039,215 · management and general $558,423 · fundraising $154,362

  • 10 · Payroll taxes

    total $1,360,454 · program services $1,074,131 · management and general $235,627 · fundraising $50,696

  • 11b · Fees: legal

    total $356,381 · management and general $356,381

  • 11c · Fees: accounting

    total $71,355 · management and general $71,355

  • 11f · Fees: investment management

    total $332,731 · management and general $332,731

  • 11g · Fees: other

    total $2,912,412 · program services $2,425,702 · management and general $401,480 · fundraising $85,230

  • 13 · Office expenses

    total $1,448,466 · program services $1,217,741 · management and general $218,295 · fundraising $12,430

  • 16 · Occupancy

    total $1,160,488 · program services $761,942 · management and general $344,122 · fundraising $54,424

  • 17 · Travel

    total $11,202 · program services $6,541 · management and general $4,195 · fundraising $466

  • 19 · Conferences, conventions and meetings

    total $261,373 · program services $185,474 · management and general $75,899

  • 20 · Interest

    total $1,101,685 · program services $881,349 · management and general $220,336

  • 22 · Depreciation, depletion and amortization

    total $2,997,838 · program services $2,248,379 · management and general $749,459

  • 23 · Insurance

    total $2,492,330 · program services $1,996,202 · management and general $496,128

  • 24a · Other expenses: TRANSPORTATION

    total $1,203,489 · program services $1,203,489

  • 24b · Other expenses: EQUIPMENT RENTAL/MAINT

    total $338,005 · program services $265,663 · management and general $72,342

  • 24c · Other expenses: PRINTING AND PUBLICATIO

    total $202,066 · program services $158,263 · management and general $31,186 · fundraising $12,617

  • 24e · All other expenses

    total $1,277,051 · program services $480,868 · management and general $675,717 · fundraising $120,466

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $6,897,526 · end of year $1,113,428

  • 2 · Savings and temporary cash investments

    beginning of year $15,691,971 · end of year $15,599,436

  • 3 · Pledges and grants receivable

    beginning of year $4,844,045 · end of year $3,727,003

  • 9 · Prepaid expenses and deferred charges

    beginning of year $377,430 · end of year $1,099,432

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

    $120,017,009

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

    $34,076,111

  • 10c · Land, buildings and equipment, net

    beginning of year $86,365,766 · end of year $85,940,898

  • 11 · Investments: publicly traded securities

    beginning of year $17,235,282 · end of year $25,683,472

  • 12 · Investments: other securities

    beginning of year $38,462,544 · end of year $44,087,322

  • 17 · Accounts payable and accrued expenses

    beginning of year $6,729,749 · end of year $8,114,326

  • 19 · Deferred revenue

    beginning of year $24,049,792 · end of year $23,996,026

  • 20 · Tax-exempt bond liabilities

    beginning of year $41,813,117 · end of year $41,036,973

  • 21 · Escrow or custodial account liability

    beginning of year $320,280 · end of year $317,151

  • 27 · Net assets without donor restrictions

    beginning of year $87,167,096 · end of year $92,227,721

  • 28 · Net assets with donor restrictions

    beginning of year $9,794,530 · end of year $11,558,794

Mission and programs · 2023

Mission

THE BUCKLEY SCHOOL IS A DYNAMIC, NURTURING LEARNING COMMUNITY COMMITTED TO EQUITY AND INCLUSION. OUR INNOVATIVE TEACHERS AND CHALLENGING PROGRAMS INSPIRE CREATIVITY, COURAGE, AND COLLABORATION. BY PROMOTING A BALANCED DEVELOPMENT OF MIND, BODY, AND CHARACTER, WE ENCOURAGE EACH STUDENT TO FIND JOY AND MEANING IN LIFE AND MAKE AN IMPACT IN THE WORLD.

Activities or mission (Part I)

THE ORGANIZATION IS AN INDEPENDENT CO-EDUCATIONAL, COLLEGE PREPARATORY DAY SCHOOL.

  • THE SCHOOL IS SITUATED ON A NINETEEN ACRE CAMPUS IN A RESIDENTIAL SECTION OF SANTA MONICA MOUNTAINS, A SETTING OF NATURAL BEAUTY WITH ACCESS TO THE CULTURAL AND EDUCATIONAL RESOURCES OF THE LOS ANGELES METROPOLITAN AREA. WITH AN ENROLLMENT OF APPROXIMATELY 830 STUDENTS IN KINDERGARTEN THROUGH GRADE TWELVE, THE SCHOOL SEEKS TO ATTRACT STUDENTS WHO REFLECT THE ETHNIC DIVERSITY OF LOS ANGELES.BUCKLEY'S PHILOSOPHY, THE 4-FOLD PLAN OF EDUCATION, COMBINES THE PRINCIPLES OF WHOLE-CHILD EDUCATION - A DEEPLY INTER-CONNECTED PROGRAM OF ACADEMICS, THE ARTS, PHYSICAL DEVELOPMENT, AND MORAL EDUCATION. CURIOSITY, CRITICAL THINKING, AND CREATIVITY ARE ENCOURAGED AND PROMOTED. WE BELIEVE THAT STUDENTS' BEST WORK - IN THE CLASSROOM, IN THE ARTS, AND ON THE FIELD, CAN ONLY BE REALIZED THROUGH SELF-EXPRESSION AND RESILIENCE WITHIN AN INTENTIONAL PROGRAM.OUR LOWER SCHOOL BLENDS TRADITION AND STRUCTURE WITH PROGRESSIVE METHODOLOGIES. OUR MIDDLE AND UPPER SCHOOL IS COLLEGE PREPARATORY, BASED ON A PRESCRIBED CURRICULUM THAT EVOLVES TO INCLUDE THE BEST OF CURRENT RESEARCH AND TEACHING METHODOLOGIES.

    Expenses $36,805,172 · Grants $5,200,785 · Revenue $43,375,716

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

Listed in Part VII

  • Alona Hilary Scott

    HEAD OF SCHOOL

    Total calculated
    $1,061,569
    From this org
    $732,737
    From related orgs
    $0
    Other
    $328,832
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $668,513
    Bonus
    $0
    Other
    $64,224
    Deferred
    $87,000
    Nontaxable benefits
    $241,832
    Filer's total
    $1,061,569

  • Elizabeth M Turchan

    CHIEF FINANCIAL OFFICER

    Total calculated
    $472,369
    From this org
    $420,006
    From related orgs
    $0
    Other
    $52,363
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $395,305
    Bonus
    $10,000
    Other
    $14,701
    Deferred
    $26,400
    Nontaxable benefits
    $25,963
    Filer's total
    $472,369

  • Adrienne M Parsons

    HEAD OF LOWER SCHOOL

    Total calculated
    $249,777
    From this org
    $205,986
    From related orgs
    $0
    Other
    $43,791
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $195,156
    Bonus
    $1,500
    Other
    $9,330
    Deferred
    $16,730
    Nontaxable benefits
    $27,061
    Filer's total
    $249,777

  • Sherrie Singer

    HEAD OF UPPER SCHOOL

    Total calculated
    $206,942
    From this org
    $196,998
    From related orgs
    $0
    Other
    $9,944
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $194,568
    Bonus
    $0
    Other
    $2,430
    Deferred
    $9,805
    Nontaxable benefits
    $139
    Filer's total
    $206,942

  • Donald Smith Jr

    HEAD OF MIDDLE SCHOOL

    Total calculated
    $228,146
    From this org
    $192,252
    From related orgs
    $0
    Other
    $35,894
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $183,084
    Bonus
    $1,500
    Other
    $7,668
    Deferred
    $9,744
    Nontaxable benefits
    $26,150
    Filer's total
    $228,146

  • Erwin Wong

    DIRECTOR OF ENROLLMENT

    Total calculated
    $230,248
    From this org
    $209,908
    From related orgs
    $0
    Other
    $20,340
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $194,253
    Bonus
    $1,500
    Other
    $14,155
    Deferred
    $10,421
    Nontaxable benefits
    $9,919
    Filer's total
    $230,248

  • Gregory Sacon

    DIR OF INNOVATIVE TEACHING & LEARNING

    Total calculated
    $229,508
    From this org
    $185,468
    From related orgs
    $0
    Other
    $44,040
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $163,185
    Bonus
    $15,000
    Other
    $7,283
    Deferred
    $15,693
    Nontaxable benefits
    $28,347
    Filer's total
    $229,508

  • Michelle Totanes

    DIRECTOR OF HUMAN RESOURCES

    Total calculated
    $208,482
    From this org
    $197,851
    From related orgs
    $0
    Other
    $10,631
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $187,768
    Bonus
    $2,000
    Other
    $8,083
    Deferred
    $10,045
    Nontaxable benefits
    $586
    Filer's total
    $208,482

  • Michael J Petrella

    TEACHER

    Total calculated
    $209,260
    From this org
    $182,463
    From related orgs
    $0
    Other
    $26,797
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $127,550
    Bonus
    $22,387
    Other
    $32,526
    Deferred
    $14,763
    Nontaxable benefits
    $12,034
    Filer's total
    $209,260

  • George A Russo

    UPPER SCHOOL DEAN

    Total calculated
    $206,274
    From this org
    $181,852
    From related orgs
    $0
    Other
    $24,422
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $157,820
    Bonus
    $10,000
    Other
    $14,032
    Deferred
    $14,503
    Nontaxable benefits
    $9,919
    Filer's total
    $206,274

  • Michelle Wenker Schroth

    FORMER HIGHEST COMPENSATED EMPLOYEE

    Total calculated
    $181,887
    From this org
    $158,096
    From related orgs
    $0
    Other
    $23,791
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $102,873
    Bonus
    $0
    Other
    $55,223
    Deferred
    $3,100
    Nontaxable benefits
    $20,691
    Filer's total
    $181,887

  • Benjamin Vega

    CHAIR

    Total calculated
    $0
    Hours/week
    4

  • Shari Rosenthal

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    4

  • David Sadkin

    TREASURER

    Total calculated
    $0
    Hours/week
    4

  • Jose-Manuel Decastro

    SECRETARY

    Total calculated
    $0
    Hours/week
    4

  • Chip Sellers

    PARLIAMENTARIAN

    Total calculated
    $0
    Hours/week
    4

  • Alix Merkley

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • Anne-Marie Balzano

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • Brian Nussbaum

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • Frank Jung

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • George Ellis

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • Jackie Goldberg

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • Jen Sheffield

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • Joss Hastings-Price

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • Karen Richardson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • Kirsten Winikoff

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • Mark Nehoray

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • Peggy Proctor

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • Vincent Travaglione

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

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 · Tax indemnification and gross-up payments
  • 1a · Housing allowance or residence for personal use
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 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
  • 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
PER THE EMPLOYMENT AGREEMENT, THE HEAD OF SCHOOL IS REQUIRED TO LIVE AT A HOUSE OWNED BY THE SCHOOL. ESTIMATED RENT FOR THE CALENDAR YEAR IS $150,000.
PART I, LINE 7
BONUSES ARE MADE UPON THE DISCRETION OF THE HEAD OF SCHOOL.

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
8 May 2025
IRS schema version
2023v6.0
Source object
202521299349302307

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