Totals
- Total revenue
- $53,332,450
- Total expenses
- $48,227,077
- Contributions and grants received
- $11,841,190
- Grants paid
- $9,649,000
- Program service revenue
- $38,851,193
- Investment income
- $320,361
- Other revenue
- $2,319,706
- Total assets, end of year
- $228,580,905
- Total liabilities, end of year
- $62,598,579
- Net assets or fund balances, end of year
- $165,982,326
- Program services expenses (Part IX)
- $39,338,390
- Management and general expenses
- $5,029,131
- Fundraising expenses
- $3,859,556
- Program service expenses (Part III)
- $39,338,390
Program services were 81.6% 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
$280,092
-
1e · Government grants (contributions)
$605,689
-
1f · All other contributions, gifts and grants
$10,955,409
-
1g · Noncash contributions included above
$340,105
-
2a · Program service revenue: TUITION & FEES
total $38,099,649 · related or exempt $38,099,649
-
2b · Program service revenue: DAY CARE PROGRAM
total $616,091 · related or exempt $616,091
-
2c · Program service revenue: MUSIC LESSONS
total $125,511 · related or exempt $125,511
-
2d · Program service revenue: ENRICHMENT PROGRAM
total $9,942 · related or exempt $9,942
-
3 · Investment income
total $447,389 · excluded $447,389
-
6a · Gross rents
real property $284,020
-
6b · Less rental expenses
real property $48,677
-
6c · Rental income or loss
real property $235,343
-
6d · Net rental income or loss
total $235,343 · excluded $235,343
-
7a · Gross sales of assets other than inventory
securities $10,374,456
-
7b · Less cost or other basis and sales expenses
securities $10,484,510 · other assets $16,974
-
7c · Gain or loss
securities -$110,054 · other assets -$16,974
-
7d · Net gain or loss
total -$127,028 · excluded -$127,028
-
8a · Fundraising events: gross income
$277,097
-
8a · Fundraising events: contributions included on line 1c
$280,092
-
8b · Fundraising events: direct expenses
$77,910
-
8c · Net income from fundraising events
total $199,187 · excluded $199,187
-
11a · Other revenue: CAFETERIA
total $1,275,667 · excluded $1,275,667
-
11b · Other revenue: CAFE SALES
total $191,628 · excluded $191,628
-
11c · Other revenue: SUMMER CAMP
total $176,375 · unrelated business $157,946 · excluded $18,429
-
11d · All other revenue
total $241,506 · unrelated business $24,179 · excluded $217,327
-
11e · Other revenue, total
$1,885,176
Functional expenses
Part IX, the statement of functional expenses.
-
2 · Grants to domestic individuals
total $9,649,000 · program services $9,649,000
-
5 · Compensation of officers, directors and key employees
total $2,399,286 · program services $1,284,495 · management and general $838,854 · fundraising $275,937
-
7 · Other salaries and wages
total $14,629,429 · program services $12,171,446 · management and general $1,055,350 · fundraising $1,402,633
-
8 · Pension plan contributions
total $1,234,983 · program services $1,053,348 · management and general $103,992 · fundraising $77,643
-
9 · Other employee benefits
total $3,575,459 · program services $2,968,609 · management and general $359,337 · fundraising $247,513
-
10 · Payroll taxes
total $1,146,903 · program services $945,318 · management and general $120,462 · fundraising $81,123
-
11b · Fees: legal
total $460,943 · management and general $460,943
-
11c · Fees: accounting
total $80,908 · management and general $80,908
-
11f · Fees: investment management
total $152,824 · management and general $152,824
-
11g · Fees: other
total $2,400,706 · program services $2,317,850 · management and general $82,856
-
12 · Advertising and promotion
total $180,114 · fundraising $180,114
-
13 · Office expenses
total $2,255,075 · program services $2,016,530 · management and general $174,278 · fundraising $64,267
-
14 · Information technology
total $323,363 · program services $323,363
-
16 · Occupancy
total $3,006,009 · program services $1,826,034 · management and general $647,706 · fundraising $532,269
-
17 · Travel
total $275,656 · program services $237,530 · fundraising $38,126
-
19 · Conferences, conventions and meetings
total $46,079 · program services $26,606 · management and general $12,006 · fundraising $7,467
-
22 · Depreciation, depletion and amortization
total $4,077,411 · program services $3,109,742 · management and general $531,168 · fundraising $436,501
-
23 · Insurance
total $246,561 · program services $188,046 · management and general $32,120 · fundraising $26,395
-
24a · Other expenses: INSTRUCTIONAL EXPENSES
total $867,223 · program services $728,536 · management and general $138,687
-
24b · Other expenses: ATHLETIC DEPARTMENT
total $438,890 · program services $438,890
-
24c · Other expenses: EVENT EXPENSES
total $253,758 · fundraising $253,758
-
24d · Other expenses: DUES & SUBSCRIPTIONS
total $164,739 · program services $53,047 · management and general $77,026 · fundraising $34,666
-
24e · All other expenses
total $361,758 · management and general $160,614 · fundraising $201,144
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $18,509 · end of year $73,031
-
2 · Savings and temporary cash investments
beginning of year $11,479,065 · end of year $16,986,369
-
3 · Pledges and grants receivable
beginning of year $2,413,769 · end of year $2,041,790
-
4 · Accounts receivable
beginning of year $1,169 · end of year $17,488
-
9 · Prepaid expenses and deferred charges
beginning of year $651,094 · end of year $602,655
-
10a · Land, buildings and equipment: cost or other basis
$162,066,166
-
10b · Land, buildings and equipment: accumulated depreciation
$61,797,294
-
10c · Land, buildings and equipment, net
beginning of year $100,818,936 · end of year $100,268,872
-
11 · Investments: publicly traded securities
beginning of year $10,252,260 · end of year $12,149,328
-
12 · Investments: other securities
beginning of year $95,663,550 · end of year $95,700,818
-
15 · Other assets
beginning of year $709,660 · end of year $740,554
-
17 · Accounts payable and accrued expenses
beginning of year $2,433,059 · end of year $2,587,437
-
19 · Deferred revenue
beginning of year $7,828,792 · end of year $8,211,586
-
20 · Tax-exempt bond liabilities
beginning of year $30,928,454 · end of year $30,915,387
-
23 · Secured mortgages and notes payable
beginning of year $66,558 · end of year $70,169
-
24 · Unsecured notes and loans payable
beginning of year $20,791,667 · end of year $20,736,111
-
25 · Other liabilities
beginning of year $124,823 · end of year $77,889
-
27 · Net assets without donor restrictions
beginning of year $121,871,903 · end of year $127,079,814
-
28 · Net assets with donor restrictions
beginning of year $37,962,756 · end of year $38,902,512
Mission and programs · 2022
Mission
THE HAVERFORD SCHOOL, A NON-SECTARIAN COLLEGE PREPARATORY SCHOOL FOR JUNIOR KINDERGARTEN THROUGH GRADE TWELVE, PROVIDES A SUPERIOR LIBERAL ARTS EDUCATION FOR QUALIFIED BOYS OF DIFFERING BACKGROUNDS. WE ARE COMMITTED TO DEVELOPING THE FULL INTELLECTUAL, ARTISTIC, ATHLETIC AND MORAL POTENTIAL IN EACH BOY, AND WE AIM TO GRADUATE YOUNG MEN WITH STRONG CHARACTER WHO POSSESS A PASSION FOR LEARNING AND PROBLEM SOLVING.
Activities or mission (Part I)
A NON-SECTARIAN COLLEGE PREP SCHOOL PRE-K-12, EDUCATES QUALIFIED BOYS OF DIFFERING BACKGROUNDS.
-
PREPARING YOUNG MEN ACADEMICALLY FOR THE FUTURE IS UNDOUBTEDLY ONE OF THE MOST VALUABLE BENEFITS OF A HAVERFORD EDUCATION. BUT MORE IMPORTANTLY, WE GIVE BOYS A FOUNDATION OF SKILLS THEY NEED TO LEAD A FULFILLING AND MEANINGFUL LIFE. AS OUR STATEMENT OF VISION READS, "THE HAVERFORD FACULTY PREPARES EACH BOY TO BE FUTURE-READY THROUGH DEVELOPING HIS CHARACTER AND HIS EMOTIONAL INTELLIGENCE, AS WELL AS HIS ACADEMIC, ARTISTIC, AND ATHLETIC TALENTS."THE HAVERFORD SCHOOL INCURS DIRECT INSTRUCTIONAL EXPENSES IN PRE-KINDERGARTEN THROUGH GRADE 12, ATHLETIC PROGRAMS, AND OTHER EXTRA-CURRICULAR ACTIVITY EXPENSES FOR APPROXIMATELY 1,000 STUDENTS.
Expenses $39,338,390 · Grants $9,649,000 · Revenue $38,851,193
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
TYLER CASERTANO
HEADMASTER
- Total calculated
- $624,352
- From this org
- $587,560
- From related orgs
- $0
- Other
- $36,792
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $417,175
- Bonus
- $61,500
- Other
- $108,885
- Deferred
- $21,218
- Nontaxable benefits
- $15,574
- Filer's total
- $624,352
-
MAURICE D GLAVIN
CHAIR
- Total calculated
- $0
- Hours/week
- 7
-
CAROLINE R DE MARCO
SECRETARY
- Total calculated
- $0
- Hours/week
- 0.5
-
GEORGE B LEMMON JR
VICE CHAIR/TREASURER
- Total calculated
- $0
- Hours/week
- 0.5
-
KENNETH M BATE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
AMY BAKER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
AMY C BRIDDELL
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
WILLIAM T CADDELL JR
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
HANS R DAVIES
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
RANDALL DRAIN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
THADDEUS J FORTIN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
EDWARD M TRUSTY JR
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
JACK H KIRKPATRICK JR
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
BARBARA KLOCK
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
JEFFERY F LEE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
QUINCY MCCOY
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
WADE L MCDEVITT
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
JONATHAN R MORGAN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
MARTHA E ORTIZ
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
RAVINDRA REDDY
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
G BART SMITH
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
NAFIS T SMITH
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
FITZ DANIEL T TEPPER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
G NASH WATERMAN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
ROLAND YANG
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
PETER MAAS
CFO (AS OF 8/22)
- Total calculated
- $89,093
- From this org
- $83,333
- From related orgs
- $0
- Other
- $5,760
- Hours/week
- 40
-
JAMES THORBURN
ASSISTANT HEADMASTER
- Total calculated
- $333,609
- From this org
- $300,382
- From related orgs
- $0
- Other
- $33,227
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $252,882
- Bonus
- $0
- Other
- $47,500
- Deferred
- $25,288
- Nontaxable benefits
- $7,939
- Filer's total
- $333,609
-
PAM GREENBLATT
LOWER SCHOOL HEAD
- Total calculated
- $205,994
- From this org
- $187,898
- From related orgs
- $0
- Other
- $18,096
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $157,898
- Bonus
- $0
- Other
- $30,000
- Deferred
- $15,790
- Nontaxable benefits
- $2,306
- Filer's total
- $205,994
-
MICHAEL MURPHY
ATHLETIC DIRECTOR
- Total calculated
- $231,413
- From this org
- $199,228
- From related orgs
- $0
- Other
- $32,185
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $169,228
- Bonus
- $0
- Other
- $30,000
- Deferred
- $16,923
- Nontaxable benefits
- $15,262
- Filer's total
- $231,413
-
JAMES J GREYTOK JR
HEAD OF MIDDLE SCHOOL
- Total calculated
- $244,406
- From this org
- $213,297
- From related orgs
- $0
- Other
- $31,109
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $183,297
- Bonus
- $0
- Other
- $30,000
- Deferred
- $18,330
- Nontaxable benefits
- $12,779
- Filer's total
- $244,406
-
JEFFREY DAY
DIR. OF DEVELOPMENT
- Total calculated
- $271,502
- From this org
- $235,630
- From related orgs
- $0
- Other
- $35,872
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $205,630
- Bonus
- $0
- Other
- $30,000
- Deferred
- $20,563
- Nontaxable benefits
- $15,309
- Filer's total
- $271,502
-
GEORGE WOOD
SENIOR DIRECTOR OF MAJOR GIFTS
- Total calculated
- $179,362
- From this org
- $161,029
- From related orgs
- $0
- Other
- $18,333
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $161,029
- Bonus
- $0
- Other
- $0
- Deferred
- $16,103
- Nontaxable benefits
- $2,230
- Filer's total
- $179,362
-
MICHELE TODD
DIR. OF HUMAN RESOURCES
- Total calculated
- $158,618
- From this org
- $142,123
- From related orgs
- $0
- Other
- $16,495
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $142,123
- Bonus
- $0
- Other
- $0
- Deferred
- $14,212
- Nontaxable benefits
- $2,283
- Filer's total
- $158,618
-
NEAL COUSINS
DIRECTOR OF COLLEGE COUNSELING
- Total calculated
- $158,490
- From this org
- $137,004
- From related orgs
- $0
- Other
- $21,486
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $137,004
- Bonus
- $0
- Other
- $0
- Deferred
- $13,700
- Nontaxable benefits
- $7,786
- Filer's total
- $158,490
-
MARK FIFER
UPPER SCHOOL HEAD
- Total calculated
- $168,196
- From this org
- $143,150
- From related orgs
- $0
- Other
- $25,046
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $143,150
- Bonus
- $0
- Other
- $0
- Deferred
- $14,315
- Nontaxable benefits
- $10,731
- Filer's total
- $168,196
-
SARA ADKINS
DEAN OF FACULTY
- Total calculated
- $157,789
- From this org
- $131,879
- From related orgs
- $0
- Other
- $25,910
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $131,879
- Bonus
- $0
- Other
- $0
- Deferred
- $13,188
- Nontaxable benefits
- $12,722
- Filer's total
- $157,789
-
DAVID GOLD
FORMER CFO (UNTIL 6/22)
- Total calculated
- $293,893
- From this org
- $276,596
- From related orgs
- $0
- Other
- $17,297
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $133,176
- Bonus
- $10,244
- Other
- $133,176
- Deferred
- $13,318
- Nontaxable benefits
- $3,979
- Filer's total
- $293,893
-
BRIAN MCBRIDE
FORMER ASSOC. HEAD EXTERNAL AFFAIRS (UNTIL 6/22)
- Total calculated
- $153,300
- From this org
- $134,430
- From related orgs
- $0
- Other
- $18,870
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $112,025
- Bonus
- $22,405
- Other
- $0
- Deferred
- $11,203
- Nontaxable benefits
- $7,667
- Filer's total
- $153,300
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 · Compensation committee
- 3 · Independent compensation consultant
- 3 · Form 990 of other organizations
- 3 · Approval by the board or compensation committee
- 4a · Severance or change-of-control payment
- 7 · Other non-fixed payments
Answered no
- 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
- 8 · Paid under the initial-contract exception
The filer's explanations (Part III)
- PART I, LINE 1A
- HEADMASTER TYLER CASERTANO RECEIVED A HOUSING ALLOWANCE THAT WAS INCLUDED IN HIS TAXABLE WAGES. THE FAIR MARKET VALUE OF HIS HOUSING ALLOWANCE FOR 2022 WAS $100,485. THE FAIR MARKET VALUE OF HIS CAR ALLOWANCE FOR 2022 WAS $8,400. THE FOLLOWING PERSONNEL ARE REQUIRED TO RESIDE ON CAMPUS AND THEIR HOUSING ALLOWANCES ARE LIKEWISE INCLUDED IN THEIR TAXABLE WAGES: TYLER CASERTANO, JAMES THORBURN, PAM GREENBLATT, MICHAEL MURPHY, AND JEFFREY DAY. JAMES THORBURN ALSO RECEIVED A TAX GROSS-UP PAYMENT RELATED TO HIS TAXABLE HOUSING ALLOWANCES.
- PART I, LINE 4A
- DAVID GOLD RECEIVED A SEVERANCE OF $133,176
- PART I, LINE 7
- THE HEADMASTER RECEIVED A BONUS BASED ON GOALS AND CRITERIA DETERMINED BY THE BOARD ON A DISCRETIONARY BASIS. THE CRITERIA WERE NOT BASED ON EITHER REVENUE OR NET EARNINGS.
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.
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
FRIENDS OF HAVERFORD SCHOOL ROWING
501(C)(3) · STRENGTHEN AND PRESERVE CREW PROGRAM · PA
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 2 October 2023
- IRS schema version
- 2022v5.0
- Source object
- 202420599349300812
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
The source document this was parsed from is served over the API, which is where bulk and document access live.