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← MALVERN PREPARATORY SCHOOL

Form 990 for tax year 2024

Filed by MALVERN PREPARATORY SCHOOL.

Totals

Total revenue
$48,105,970
Total expenses
$34,446,912
Contributions and grants received
$18,222,456
Grants paid
$5,310,200
Program service revenue
$28,074,610
Investment income
$637,105
Other revenue
$1,171,799
Total assets, end of year
$120,508,562
Total liabilities, end of year
$22,018,060
Net assets or fund balances, end of year
$98,490,502
Program services expenses (Part IX)
$26,664,603
Management and general expenses
$5,873,763
Fundraising expenses
$1,908,546
Program service expenses (Part III)
$26,664,603

Program services were 77.4% 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

    $96,737

  • 1f · All other contributions, gifts and grants

    $18,125,719

  • 1g · Noncash contributions included above

    $123,118

  • 2a · Program service revenue: TUITION AND FEES

    total $26,910,350 · related or exempt $26,910,350

  • 2b · Program service revenue: CAFETERIA REVENUE

    total $1,093,601 · related or exempt $1,093,601

  • 2c · Program service revenue: SUMMER PROGRAMS REVENUE

    total $70,659 · related or exempt $70,659

  • 3 · Investment income

    total $637,105 · excluded $637,105

  • 8a · Fundraising events: gross income

    $597,534

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

    $96,737

  • 8b · Fundraising events: direct expenses

    $238,107

  • 8c · Net income from fundraising events

    total $359,427 · excluded $359,427

  • 10a · Gross sales of inventory

    $346,651

  • 10b · Cost of goods sold

    $184,041

  • 10c · Net income from sales of inventory

    total $162,610 · excluded $162,610

  • 11a · Other revenue: OTHER INCOME

    total $348,917 · related or exempt $348,917

  • 11b · Other revenue: POOL REVENUE

    total $251,080 · excluded $251,080

  • 11c · Other revenue: GYMNASIUM REVENUE

    total $49,765 · excluded $49,765

  • 11e · Other revenue, total

    $649,762

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $5,310,200 · program services $5,310,200

  • 5 · Compensation of officers, directors and key employees

    total $261,802 · program services $13,090 · management and general $209,442 · fundraising $39,270

  • 7 · Other salaries and wages

    total $12,990,454 · program services $9,749,282 · management and general $2,421,140 · fundraising $820,032

  • 9 · Other employee benefits

    total $2,443,088 · program services $1,821,669 · management and general $463,920 · fundraising $157,499

  • 10 · Payroll taxes

    total $950,221 · program services $696,608 · management and general $190,890 · fundraising $62,723

  • 11g · Fees: other

    total $258,301 · management and general $258,301

  • 12 · Advertising and promotion

    total $696,826 · management and general $696,826

  • 13 · Office expenses

    total $110,870 · management and general $102,583 · fundraising $8,287

  • 14 · Information technology

    total $338,199 · management and general $338,199

  • 17 · Travel

    total $213,284 · fundraising $213,284

  • 20 · Interest

    total $742,572 · program services $668,315 · management and general $44,554 · fundraising $29,703

  • 22 · Depreciation, depletion and amortization

    total $2,965,354 · program services $2,668,819 · management and general $177,921 · fundraising $118,614

  • 23 · Insurance

    total $375,011 · management and general $375,011

  • 24a · Other expenses: OUTSOURCED CAFETERIA SE

    total $1,210,050 · program services $1,210,050

  • 24b · Other expenses: UNIFORMS, EQUIPMENT AND

    total $1,155,482 · program services $1,155,482

  • 24c · Other expenses: MISCELLANEOUS

    total $615,747 · program services $292,053 · management and general $241,667 · fundraising $82,027

  • 24d · Other expenses: SUPPLIES

    total $480,024 · program services $474,778 · management and general $1,602 · fundraising $3,644

  • 24e · All other expenses

    total $3,329,427 · program services $2,604,257 · management and general $351,707 · fundraising $373,463

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,011,497 · end of year $2,131,981

  • 2 · Savings and temporary cash investments

    beginning of year $2,718,154 · end of year $9,496,187

  • 3 · Pledges and grants receivable

    beginning of year $4,729,072 · end of year $9,377,735

  • 4 · Accounts receivable

    beginning of year $255,490 · end of year $206,087

  • 8 · Inventories for sale or use

    beginning of year $61,824 · end of year $61,889

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

    $105,230,974

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

    $43,854,173

  • 10c · Land, buildings and equipment, net

    beginning of year $58,851,599 · end of year $61,376,801

  • 11 · Investments: publicly traded securities

    beginning of year $31,636,150 · end of year $37,137,048

  • 15 · Other assets

    beginning of year $694,310 · end of year $720,834

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,662,756 · end of year $4,146,157

  • 19 · Deferred revenue

    beginning of year $1,135,359 · end of year $1,204,904

  • 20 · Tax-exempt bond liabilities

    beginning of year $5,042,020 · end of year $4,630,151

  • 23 · Secured mortgages and notes payable

    beginning of year $10,699,223 · end of year $11,443,694

  • 25 · Other liabilities

    beginning of year $339,546 · end of year $593,154

  • 27 · Net assets without donor restrictions

    beginning of year $54,535,911 · end of year $59,401,434

  • 28 · Net assets with donor restrictions

    beginning of year $26,543,281 · end of year $39,089,068

Mission and programs · 2024

Mission

AN AUGUSTINIAN SCHOOL, CATHOLIC AND INDEPENDENT, LIVING THE AUGUSTINIAN SPIRIT OF VERITAS, UNITAS AND CARITAS. VERITAS (TRUTH) - MALVERN IS DEDICATED TO THE PURSUIT OF TRUTH THROUGH ACADEMIC EXCELLENCE AND THE GROWTH OF EACH OF ITS STUDENTS, SO THAT HE IS PREPARED FULLY FOR COLLEGE AND FOR A LIFE OF INTEGRITY AND COURAGEOUS LEADERSHIP. UNITAS (UNITY) - SEEKING ONENESS OF MIND AND HEART IN THE JOURNEY TOWARD GOD, MALVERN STRIVES TO BUILD A DIVERSE COMMUNITY IN WHICH A CARING FACULTY WORKS WITH PARENTS AND STUDENTS TO INSTILL IN EVERYONE A PERSONAL RESPONSIBILITY FOR THE COMMON GOOD. CARITAS (LOVE) - INSPIRED BY CHRIST, THE MALVERN TRADITION INVITES EACH INDIVIDUAL TO GROW AND GIVE IN A FAMILY DISTINGUISHED BY RESPECT, CHALLENGE, SERVICE AND EXCEPTIONAL LOVE.

Activities or mission (Part I)

MALVERN PREPARATORY SCHOOL IS AN INDEPENDENT, AUGUSTINIAN, CATHOLIC SCHOOL THAT EDUCATES ITS STUDENTS IN A CARING ENVIRONMENT, FOCUSED ON ACADEMICS WHILE MAINTAINING BALANCE AMONG SPIRITUALITY, ARTS, ATHLETICS AND ACTIVITIES.

  • COLLEGE PREPARATORY EDUCATION FOR STUDENTS IN GRADES 6-12, RELATED ATHLETIC AND OTHER EXTRA CURRICULAR PROGRAMS FOR APPROXIMATELY 670 STUDENTS.

    Expenses $26,664,603 · Grants $5,310,200 · Revenue $28,423,527

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

Listed in Part VII

  • KEVIN J TRAYNOR JR

    CO-VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • BRIAN RILEY

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • MARISSA CHERIAN

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • J MICHAEL RIORDAN ESQ

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • TOBY BOOKER

    CO-VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • MARK C DAVIS

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • REV LOUIS DELFRA

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • REV PETER M DONOHUE OSA PHD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • DANIEL C FLYNN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • REV ROBERT HAGAN OSA ESQ

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • REV GARY N MCCLOSKEY OSA PHD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • BRIAN J MCTEAR ESQ

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • MICHAEL J MEEHAN ESQ

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • ROBERT MITCHELL

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • REV ROBERT MURRAY OSA

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • REV JAMES PARADIS OSA

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • SISTER STEPHEN ANNE RODERIGUEZ IHM

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • REV BERNIE SCIANNA OSA PHD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • LYNN BEVEVINO

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • SHONDA M CAIN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • SEAN P MCCONNELL

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • MIGUEL ALBAN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • BARKLEY E SAMPLE

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • MR BRYAN H CARTER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • MR PATRICK M KAIN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • MR J ERIC MOORE

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • GEORGE P SILLUP

    HEAD OF SCHOOL, TRUSTEE

    Total calculated
    $419,406
    From this org
    $374,754
    From related orgs
    $0
    Other
    $44,652
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $374,754
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $44,652
    Filer's total
    $419,406

  • THEODORE N CANIGLIA JR

    CFO

    Total calculated
    $260,909
    From this org
    $230,316
    From related orgs
    $0
    Other
    $30,593
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $230,316
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $30,593
    Filer's total
    $260,909

  • RONALD A ALGEO

    ASSOC HEAD OF SCHOOL

    Total calculated
    $219,781
    From this org
    $194,854
    From related orgs
    $0
    Other
    $24,927
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $194,854
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $24,927
    Filer's total
    $219,781

  • JEFFREY M KINNEY

    DIR. FACILITY OPERATIONS

    Total calculated
    $202,396
    From this org
    $178,974
    From related orgs
    $0
    Other
    $23,422
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $178,974
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $23,422
    Filer's total
    $202,396

  • JOSEPH M TRESTON JR

    DIR. OF DEVELOPMENT

    Total calculated
    $170,829
    From this org
    $161,939
    From related orgs
    $0
    Other
    $8,890
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $161,939
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $8,890
    Filer's total
    $170,829

  • NEHA MORRISON

    EXEC. DIR. OF HR

    Total calculated
    $182,871
    From this org
    $156,521
    From related orgs
    $0
    Other
    $26,350
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $156,521
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $26,350
    Filer's total
    $182,871

  • ADRIENNE L NILES

    DIR. OF ENROLLMENT MANAGEMENT

    Total calculated
    $177,141
    From this org
    $150,992
    From related orgs
    $0
    Other
    $26,149
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $150,992
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $26,149
    Filer's total
    $177,141

  • TIMOTHY DOUGHERTY

    ENGLISH TEACHER

    Total calculated
    $176,145
    From this org
    $147,078
    From related orgs
    $0
    Other
    $29,067
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $147,078
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $29,067
    Filer's total
    $176,145

  • JAMES P FRY

    DIR. OF ROSENGARTEN RANCH

    Total calculated
    $173,359
    From this org
    $144,654
    From related orgs
    $0
    Other
    $28,705
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $144,654
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $28,705
    Filer's total
    $173,359

  • MARK A HANICHAK

    SR ASSOC OF DEVELOPMENT

    Total calculated
    $172,579
    From this org
    $146,807
    From related orgs
    $0
    Other
    $25,772
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $146,807
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $25,772
    Filer's total
    $172,579

  • JACQUELINE M WHITE

    DIR. OF THE ARTS

    Total calculated
    $165,122
    From this org
    $140,748
    From related orgs
    $0
    Other
    $24,374
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $140,748
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $24,374
    Filer's total
    $165,122

  • THOMAS J MCGUIRE

    SOCIAL STUDIES TEACHER

    Total calculated
    $154,425
    From this org
    $130,870
    From related orgs
    $0
    Other
    $23,555
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $130,870
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $23,555
    Filer's total
    $154,425

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 · Health or social club dues or initiation fees
  • 1b · Written policy on the line-1a expenses

Answered no

  • 2 · Substantiation required before reimbursing expenses
  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 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

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
27 April 2026
IRS schema version
2024v5.5
Source object
202611179349301136

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