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Nonprofiteer
← THE SEVEN HILLS SCHOOLS

Form 990 for tax year 2023

Filed by THE SEVEN HILLS SCHOOLS.

Totals

Total revenue
$36,517,143
Total expenses
$38,649,371
Contributions and grants received
$2,752,768
Grants paid
$6,176,802
Program service revenue
$31,107,776
Investment income
$1,076,204
Other revenue
$1,580,395
Total assets, end of year
$120,394,572
Total liabilities, end of year
$4,852,054
Net assets or fund balances, end of year
$115,542,518
Program services expenses (Part IX)
$33,217,416
Management and general expenses
$4,478,889
Fundraising expenses
$953,066
Program service expenses (Part III)
$33,217,416

Program services were 85.9% 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

    $2,752,768

  • 1g · Noncash contributions included above

    $191,577

  • 2a · Program service revenue: TUITION AND FEES

    total $28,713,487 · related or exempt $28,713,487

  • 2b · Program service revenue: AUXILIARY

    total $2,028,986 · related or exempt $2,028,986

  • 2c · Program service revenue: RESALE SHOP

    total $170,641 · excluded $170,641

  • 2d · Program service revenue: RENTAL

    total $108,905 · unrelated business $108,905

  • 2e · Program service revenue: ACTIVITIES

    total $85,757 · related or exempt $85,757

  • 3 · Investment income

    total $1,084,679 · unrelated business $6,794 · excluded $1,077,885

  • 7a · Gross sales of assets other than inventory

    securities $1,514,545

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

    securities $1,523,020

  • 7c · Gain or loss

    securities -$8,475

  • 7d · Net gain or loss

    total -$8,475 · excluded -$8,475

  • 11a · Other revenue: STATE AID

    total $805,938 · related or exempt $805,938

  • 11b · Other revenue: FEES FROM GOVERNMENT AGENCIES

    total $394,356 · related or exempt $394,356

  • 11c · Other revenue: ATHLETIC FIELD RENTAL

    total $253,817 · related or exempt $253,817

  • 11d · All other revenue

    total $126,284 · related or exempt $126,284

  • 11e · Other revenue, total

    $1,580,395

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $6,176,802 · program services $6,176,802

  • 5 · Compensation of officers, directors and key employees

    total $2,274,117 · program services $1,764,252 · management and general $315,677 · fundraising $194,188

  • 7 · Other salaries and wages

    total $14,493,979 · program services $12,727,179 · management and general $1,516,330 · fundraising $250,470

  • 8 · Pension plan contributions

    total $904,369 · program services $786,908 · management and general $101,951 · fundraising $15,510

  • 9 · Other employee benefits

    total $3,002,793 · program services $2,612,788 · management and general $338,508 · fundraising $51,497

  • 10 · Payroll taxes

    total $1,169,992 · program services $1,018,032 · management and general $131,895 · fundraising $20,065

  • 11a · Fees: management

    total $11,976 · management and general $11,976

  • 11b · Fees: legal

    total $53,166 · management and general $53,166

  • 11c · Fees: accounting

    total $67,153 · management and general $67,153

  • 11f · Fees: investment management

    total $299,937 · management and general $299,937

  • 12 · Advertising and promotion

    total $478,461 · management and general $342,145 · fundraising $136,316

  • 13 · Office expenses

    total $220,584 · program services $17,209 · management and general $141,873 · fundraising $61,502

  • 17 · Travel

    total $70,520 · program services $61,464 · management and general $5,691 · fundraising $3,365

  • 20 · Interest

    total $72,888 · management and general $66,213 · fundraising $6,675

  • 22 · Depreciation, depletion and amortization

    total $2,836,168 · program services $2,630,684 · management and general $205,484

  • 23 · Insurance

    total $296,852 · management and general $296,852

  • 24a · Other expenses: MATERIAL AND SUPPLIES

    total $2,320,706 · program services $1,935,127 · management and general $205,170 · fundraising $180,409

  • 24b · Other expenses: REPAIRS AND MAINTENANCE

    total $1,502,650 · program services $1,381,008 · management and general $121,642

  • 24c · Other expenses: UTILITIES

    total $716,595 · program services $667,013 · management and general $49,582

  • 24d · Other expenses: TECHNOLOGY

    total $441,352 · program services $441,352

  • 24e · All other expenses

    total $1,238,311 · program services $997,598 · management and general $207,644 · fundraising $33,069

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $18,659,808 · end of year $19,393,001

  • 3 · Pledges and grants receivable

    beginning of year $3,668,440 · end of year $1,962,439

  • 4 · Accounts receivable

    beginning of year $286,200 · end of year $281,902

  • 7 · Other notes and loans receivable

    beginning of year $100,000 · end of year $40,000

  • 8 · Inventories for sale or use

    beginning of year $21,008 · end of year $25,979

  • 9 · Prepaid expenses and deferred charges

    beginning of year $343,530 · end of year $162,700

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

    $83,334,060

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

    $31,755,840

  • 10c · Land, buildings and equipment, net

    beginning of year $51,435,398 · end of year $51,578,220

  • 11 · Investments: publicly traded securities

    beginning of year $42,767,699 · end of year $46,725,746

  • 15 · Other assets

    beginning of year $190,271 · end of year $224,585

  • 17 · Accounts payable and accrued expenses

    beginning of year $3,049,935 · end of year $2,948,298

  • 25 · Other liabilities

    beginning of year $1,750,531 · end of year $1,903,756

  • 27 · Net assets without donor restrictions

    beginning of year $72,175,250 · end of year $75,433,002

  • 28 · Net assets with donor restrictions

    beginning of year $40,496,638 · end of year $40,109,516

Mission and programs · 2023

Mission

SEVEN HILLS ENGAGES HEARTS AND MINDS, GUIDING STUDENTS TO CULTIVATE THEIR UNIQUE CAPACITIES AND PREPARING EACH FOR A MEANINGFUL ROLE IN A RAPIDLY CHANGING WORLD.

  • INSTRUCTIONAL AND STUDENT ACTIVITIES

    Expenses $25,060,653 · Revenue $30,379,639

  • AUXILIARY SERVICES - BOOKSTORE, TRANSPORTATION, FOOD SERVICE, DAYCARE AND SUMMER SCHOOL

    Expenses $1,979,961 · Revenue $2,028,986

  • FINANCIAL AID

    Expenses $6,176,802 · Grants $6,176,802

As filed on the 2023 return.

Listed in Part VII

  • James Lee

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Laurent Huguenin

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Nolan Bean

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Karen B Callard

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Kimberly Jackson

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Peter Cha MD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Alana Pepper

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Thomas Charles Garber

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Chuck Mingo

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Heather Vecellio

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Elizabeth York Schiff

    LIFE TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • James A Schiff

    LIFE TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Gabe Davis

    ALUMNI REPRESENTATIVE

    Total calculated
    $0
    Hours/week
    2

  • Kelli Stein

    PARENT ASSOCIATION REPRESENTATIVE

    Total calculated
    $0
    Hours/week
    2

  • John Atkinson

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Meredith Ficks

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Steve Leeper

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Josh Martin

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Terrance J Porter

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Samir Shah MD Msce

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Stephen J Baggott

    PAST CHAIR AND PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Lair Kennedy

    CHAIR AND PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • John Schneider

    VICE-CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Angie Apple

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Amy Dewitt

    VICE-CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Samir Kulkarni

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Christopher P Garten

    HEAD OF SCHOOL

    Total calculated
    $552,656
    From this org
    $534,356
    From related orgs
    $0
    Other
    $18,300
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $525,496
    Bonus
    $1,540
    Other
    $7,320
    Deferred
    $18,300
    Nontaxable benefits
    $0
    Filer's total
    $552,656

  • Lynn Kroeger

    CHIEF FINANCIAL OFFICER/CHIEF OPERATING OFFICER

    Total calculated
    $175,226
    From this org
    $175,226
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $165,226
    Bonus
    $0
    Other
    $10,000
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $175,226

  • Janet Hill

    DIRECTOR OF ENROLLMENT MAN

    Total calculated
    $151,398
    From this org
    $140,451
    From related orgs
    $0
    Other
    $10,947
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $138,911
    Bonus
    $1,540
    Other
    $0
    Deferred
    $10,947
    Nontaxable benefits
    $0
    Filer's total
    $151,398

  • Margo Kirstein

    DIRECTOR OF DEVELOPMENT

    Total calculated
    $208,989
    From this org
    $194,188
    From related orgs
    $0
    Other
    $14,801
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $192,648
    Bonus
    $1,540
    Other
    $0
    Deferred
    $14,801
    Nontaxable benefits
    $0
    Filer's total
    $208,989

  • Susan Marrs

    ASSISTANT HEAD OF SCHOOL;

    Total calculated
    $190,276
    From this org
    $176,114
    From related orgs
    $0
    Other
    $14,162
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $174,574
    Bonus
    $1,540
    Other
    $0
    Deferred
    $14,162
    Nontaxable benefits
    $0
    Filer's total
    $190,276

  • Matthew Bolton

    HEAD OF UPPER SCHOOL

    Total calculated
    $311,290
    From this org
    $300,555
    From related orgs
    $0
    Other
    $10,735
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $278,286
    Bonus
    $1,540
    Other
    $20,729
    Deferred
    $10,735
    Nontaxable benefits
    $0
    Filer's total
    $311,290

  • Tracy Murch

    HEAD OF THE DOHERTY SCHOOL

    Total calculated
    $183,263
    From this org
    $174,858
    From related orgs
    $0
    Other
    $8,405
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $157,965
    Bonus
    $1,540
    Other
    $15,353
    Deferred
    $8,405
    Nontaxable benefits
    $0
    Filer's total
    $183,263

  • William Waskowitz

    HEAD OF THE MIDDLE SCHOOL

    Total calculated
    $197,395
    From this org
    $186,486
    From related orgs
    $0
    Other
    $10,909
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $161,320
    Bonus
    $4,140
    Other
    $21,026
    Deferred
    $10,909
    Nontaxable benefits
    $0
    Filer's total
    $197,395

  • Susan Miller

    HEAD OF LOTSPEICH SCHOOL

    Total calculated
    $164,234
    From this org
    $160,491
    From related orgs
    $0
    Other
    $3,743
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $148,645
    Bonus
    $1,540
    Other
    $10,306
    Deferred
    $3,743
    Nontaxable benefits
    $0
    Filer's total
    $164,234

  • Scott Cagle

    DIRECTOR OF TECHNOLOGY

    Total calculated
    $130,891
    From this org
    $122,519
    From related orgs
    $0
    Other
    $8,372
    Hours/week
    40

  • Anthony Willard

    ATHLETIC DIRECTOR

    Total calculated
    $114,769
    From this org
    $108,873
    From related orgs
    $0
    Other
    $5,896
    Hours/week
    40

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 · Travel for companions
  • 1a · Discretionary spending account
  • 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 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 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

The filer's explanations (Part III)

PART I, LINE 1A
TRAVEL FOR COMPANIONS IS PROVIDED FOR SCHOOL RELATED FUNCTIONS ONLY. EXPENDITURES FROM THE DISCRETIONARY SPENDING ACCOUNT ARE APPROVED THROUGH THE NORMAL CASH DISBURSEMENTS PROCESS. HEALTH AND SOCIAL CLUB DUES ARE PROVIDED AS A MEANS TO STAY IN CONTACT WITH PARENTS AND ALUMNI OF THE SCHOOLS.

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.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

Provenance

Return type
form_990
Tax year
2023
Filed
16 January 2025
IRS schema version
2023v6.0
Source object
202540239349300519

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