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← GRAYSON SCHOOL

Form 990 for tax year 2024

Filed by GRAYSON SCHOOL.

Totals

Total revenue
$8,454,246
Total expenses
$8,783,065
Contributions and grants received
$1,575,387
Grants paid
$1,533,100
Program service revenue
$6,585,094
Investment income
$266,242
Other revenue
$27,523
Total assets, end of year
$4,510,911
Total liabilities, end of year
$3,727,578
Net assets or fund balances, end of year
$783,333
Program services expenses (Part IX)
$7,488,226
Management and general expenses
$989,653
Fundraising expenses
$305,186
Program service expenses (Part III)
$7,488,226

Program services were 85.3% 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

    $158,533

  • 1e · Government grants (contributions)

    $300,000

  • 1f · All other contributions, gifts and grants

    $1,116,854

  • 2a · Program service revenue: TUITION AND FEES

    total $6,397,627 · related or exempt $6,397,627

  • 2b · Program service revenue: AUXILIARY PROGRAMS

    total $187,467 · related or exempt $187,467

  • 3 · Investment income

    total $266,242 · excluded $266,242

  • 8a · Fundraising events: gross income

    $22,798

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

    $158,533

  • 8b · Fundraising events: direct expenses

    $54,967

  • 8c · Net income from fundraising events

    total -$32,169 · excluded -$32,169

  • 11a · Other revenue: OTHER INCOME

    total $59,692 · excluded $59,692

  • 11e · Other revenue, total

    $59,692

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $1,533,100 · program services $1,533,100

  • 5 · Compensation of officers, directors and key employees

    total $428,629 · program services $213,319 · management and general $80,874 · fundraising $134,436

  • 7 · Other salaries and wages

    total $4,002,029 · program services $3,583,426 · management and general $399,026 · fundraising $19,577

  • 8 · Pension plan contributions

    total $78,877 · program services $58,616 · management and general $19,653 · fundraising $608

  • 9 · Other employee benefits

    total $562,677 · program services $526,553 · management and general $27,414 · fundraising $8,710

  • 10 · Payroll taxes

    total $323,106 · program services $280,167 · management and general $31,769 · fundraising $11,170

  • 11b · Fees: legal

    total $1,290 · management and general $1,290

  • 11c · Fees: accounting

    total $30,000 · management and general $30,000

  • 11f · Fees: investment management

    total $5,844 · management and general $5,844

  • 11g · Fees: other

    total $133,183 · management and general $16,000 · fundraising $117,183

  • 12 · Advertising and promotion

    total $19,839 · program services $12,697 · management and general $5,356 · fundraising $1,786

  • 13 · Office expenses

    total $56,558 · program services $20,535 · management and general $36,023

  • 14 · Information technology

    total $120,119 · program services $9,443 · management and general $110,676

  • 16 · Occupancy

    total $874,332 · program services $772,298 · management and general $98,362 · fundraising $3,672

  • 17 · Travel

    total $198 · management and general $198

  • 20 · Interest

    total $21,960 · program services $19,397 · management and general $2,471 · fundraising $92

  • 22 · Depreciation, depletion and amortization

    total $45,924 · program services $40,565 · management and general $5,166 · fundraising $193

  • 23 · Insurance

    total $62,122 · program services $39,758 · management and general $16,773 · fundraising $5,591

  • 24a · Other expenses: ORGANIZED ACTIVITIES

    total $139,854 · program services $139,854

  • 24b · Other expenses: REPAIR AND MAINTENANCE

    total $129,541 · program services $114,424 · management and general $14,573 · fundraising $544

  • 24c · Other expenses: CLASSROOM SUPPLIES

    total $56,774 · program services $56,774

  • 24d · Other expenses: PROFESSIONAL DEVELOPMEN

    total $34,227 · program services $34,227

  • 24e · All other expenses

    total $122,882 · program services $33,073 · management and general $88,185 · fundraising $1,624

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $998,270 · end of year $2,141,975

  • 3 · Pledges and grants receivable

    beginning of year $273,000 · end of year $323,000

  • 4 · Accounts receivable

    beginning of year $894,654 · end of year $61,646

  • 9 · Prepaid expenses and deferred charges

    beginning of year $174,885 · end of year $250,263

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

    $984,228

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

    $826,107

  • 10c · Land, buildings and equipment, net

    beginning of year $103,056 · end of year $158,121

  • 11 · Investments: publicly traded securities

    beginning of year $644,331 · end of year $677,641

  • 15 · Other assets

    beginning of year $1,781,547 · end of year $898,265

  • 17 · Accounts payable and accrued expenses

    beginning of year $685,454 · end of year $684,358

  • 19 · Deferred revenue

    beginning of year $835,818 · end of year $1,839,930

  • 23 · Secured mortgages and notes payable

    beginning of year $150,000

  • 24 · Unsecured notes and loans payable

    beginning of year $480,401 · end of year $469,325

  • 25 · Other liabilities

    beginning of year $1,604,297 · end of year $733,965

  • 27 · Net assets without donor restrictions

    beginning of year -$388,408 · end of year -$475,505

  • 28 · Net assets with donor restrictions

    beginning of year $1,502,181 · end of year $1,258,838

Mission and programs · 2024

Mission

THE GRAYSON SCHOOL PROVIDES GIFTED CHILDREN A CHALLENGING, RESEARCH-BASED EDUCATION WORTHY OF THEIR INTELLECT AND THEIR INTRINSIC DESIRE TO LEARN AND THINK DEEPLY. WE SERVE AS A VALUED RESOURCE FOR THE GIFTED EDUCATION COMMUNITY IN PHILADELPHIA AND NATIONWIDE.

  • THE GRAYSON SCHOOL PROVIDES GIFTED CHILDREN A CHALLENGING, RESEARCH-BASED EDUCATION WORTHY OF THEIR INTELLECT AND THEIR INTRINSIC DESIRE TO LEARN AND THINK DEEPLY. WE SERVE AS A VALUED RESOURCE FOR THE GIFTED EDUCATION COMMUNITY IN PHILADELPHIA AND NATIONWIDE.

    Expenses $7,488,226 · Grants $1,533,100 · Revenue $6,585,094

As filed on the 2024 return.

Listed in Part VII

  • Albert B Murphy III

    CHAIR

    Total calculated
    $0
    Hours/week
    15

  • Jennifer Nance Esq

    COO

    Total calculated
    $152,588
    From this org
    $143,221
    From related orgs
    $0
    Other
    $9,367
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $143,221
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $9,367 related
    Filer's total
    $143,221 + $9,367 related

  • Melissa Bilash

    HEAD OF SCHOOL

    Total calculated
    $254,778
    From this org
    $239,521
    From related orgs
    $0
    Other
    $15,257
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $239,521
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $15,257 related
    Filer's total
    $239,521 + $15,257 related

  • Karen Noonan

    TREASURER

    Total calculated
    $0
    Hours/week
    5

  • Suzanne Ciongoli

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • Nita Seelinger

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • Sam Greenblatt

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • Tiffani Hurst JD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • Jeff Levinson

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • Jill Dougherty

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • Barbara Hafner

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • Joseph S Sun

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • Allison Wilson-Maher

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • Erica Nemser PhD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • Thomas Hess

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • Amy Stoios

    HEAD OF ADVANCEMENT

    Total calculated
    $197,753
    From this org
    $169,258
    From related orgs
    $0
    Other
    $28,495
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $169,258
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $28,495 related
    Filer's total
    $169,258 + $28,495 related

  • Merideth Hafer

    HEAD OF MIDDLE AND UPPER SCHOOL

    Total calculated
    $178,047
    From this org
    $154,137
    From related orgs
    $0
    Other
    $23,910
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $154,137
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $23,910 related
    Filer's total
    $154,137 + $23,910 related

  • Kimberly Doherty

    HEAD OF LOWER SCHOOL

    Total calculated
    $126,935
    From this org
    $122,675
    From related orgs
    $0
    Other
    $4,260
    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

  • 3 · 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 3
COMPENSATION IS APPROVED BY THE COMPENSATION COMMITTEE.

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
4 March 2026
IRS schema version
2024v5.5
Source object
202600639349301450

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