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Nonprofiteer
← MARY C WHEELER SCHOOL INC

Form 990 for tax year 2024

Filed by MARY C WHEELER SCHOOL INC.

Totals

Total revenue
$50,804,284
Total expenses
$46,197,897
Contributions and grants received
$3,108,404
Grants paid
$5,622,200
Program service revenue
$40,325,615
Investment income
$7,201,139
Other revenue
$169,126
Total assets, end of year
$162,040,985
Total liabilities, end of year
$46,712,336
Net assets or fund balances, end of year
$115,328,649
Program services expenses (Part IX)
$35,049,828
Management and general expenses
$9,865,141
Fundraising expenses
$1,282,928
Program service expenses (Part III)
$35,049,828

Program services were 75.9% 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

    $3,108,404

  • 1g · Noncash contributions included above

    $136,951

  • 2a · Program service revenue: TUITION AND FEES

    total $38,557,922 · related or exempt $38,557,922

  • 2b · Program service revenue: SUMMER CAMP

    total $1,359,409 · related or exempt $1,359,409

  • 2c · Program service revenue: DAYCARE/AFTER SCHOOL

    total $408,284 · related or exempt $408,284

  • 3 · Investment income

    total $3,627,533 · excluded $3,627,533

  • 6a · Gross rents

    real property $175,865

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $175,865

  • 6d · Net rental income or loss

    total $175,865 · excluded $175,865

  • 7a · Gross sales of assets other than inventory

    securities $3,573,606

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

    securities $0

  • 7c · Gain or loss

    securities $3,573,606

  • 7d · Net gain or loss

    total $3,573,606 · excluded $3,573,606

  • 10a · Gross sales of inventory

    $24,606

  • 10b · Cost of goods sold

    $31,345

  • 10c · Net income from sales of inventory

    total -$6,739 · related or exempt -$6,739

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $5,622,200 · program services $5,622,200

  • 5 · Compensation of officers, directors and key employees

    total $1,513,944 · program services $1,173,159 · management and general $285,482 · fundraising $55,303

  • 7 · Other salaries and wages

    total $20,160,375 · program services $15,633,203 · management and general $3,799,153 · fundraising $728,019

  • 8 · Pension plan contributions

    total $1,138,311 · program services $878,021 · management and general $215,569 · fundraising $44,721

  • 9 · Other employee benefits

    total $6,052,979 · program services $4,668,886 · management and general $1,146,290 · fundraising $237,803

  • 10 · Payroll taxes

    total $1,295,305 · program services $999,116 · management and general $245,300 · fundraising $50,889

  • 11b · Fees: legal

    total $64,623 · management and general $64,623

  • 11c · Fees: accounting

    total $81,408 · management and general $81,408

  • 11f · Fees: investment management

    total $149,154 · management and general $149,154

  • 11g · Fees: other

    total $1,783,365 · program services $269,315 · management and general $1,499,125 · fundraising $14,925

  • 12 · Advertising and promotion

    total $30,693 · program services $29,801 · fundraising $892

  • 13 · Office expenses

    total $755,243 · program services $480,271 · management and general $224,436 · fundraising $50,536

  • 14 · Information technology

    total $217,122 · program services $44,622 · management and general $172,500

  • 16 · Occupancy

    total $885,014 · program services $758,881 · management and general $126,133

  • 17 · Travel

    total $431,804 · program services $371,231 · management and general $51,504 · fundraising $9,069

  • 19 · Conferences, conventions and meetings

    total $132,672 · management and general $131,722 · fundraising $950

  • 20 · Interest

    total $359,889 · program services $159,657 · management and general $200,232

  • 22 · Depreciation, depletion and amortization

    total $2,677,584 · program services $2,275,946 · management and general $401,638

  • 23 · Insurance

    total $323,510 · program services $274,984 · management and general $48,526

  • 24a · Other expenses: EQUIPMENT RENTAL

    total $441,560 · program services $135,041 · management and general $306,519

  • 24b · Other expenses: STUDENT SERV/ACTIVITIES

    total $420,035 · program services $420,035

  • 24c · Other expenses: BAD DEBT EXPENSE

    total $351,615 · management and general $351,615

  • 24d · Other expenses: ACADEMICS

    total $326,946 · program services $326,946

  • 24e · All other expenses

    total $982,546 · program services $528,513 · management and general $364,212 · fundraising $89,821

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,238,439 · end of year $2,989,120

  • 2 · Savings and temporary cash investments

    beginning of year $15,091,980 · end of year $5,134,021

  • 3 · Pledges and grants receivable

    beginning of year $3,096,862 · end of year $2,456,226

  • 4 · Accounts receivable

    beginning of year $27,126,274 · end of year $28,109,014

  • 7 · Other notes and loans receivable

    beginning of year $690,054 · end of year $536,905

  • 8 · Inventories for sale or use

    beginning of year $80,035 · end of year $62,690

  • 9 · Prepaid expenses and deferred charges

    beginning of year $686,446 · end of year $888,220

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

    $94,186,011

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

    $40,346,882

  • 10c · Land, buildings and equipment, net

    beginning of year $43,866,160 · end of year $53,839,129

  • 11 · Investments: publicly traded securities

    beginning of year $55,395,165 · end of year $60,361,054

  • 12 · Investments: other securities

    beginning of year $7,712,094 · end of year $7,576,753

  • 15 · Other assets

    beginning of year $92,667 · end of year $87,853

  • 17 · Accounts payable and accrued expenses

    beginning of year $3,131,029 · end of year $4,516,078

  • 19 · Deferred revenue

    beginning of year $29,659,296 · end of year $30,447,602

  • 20 · Tax-exempt bond liabilities

    beginning of year $11,000,000 · end of year $11,000,000

  • 21 · Escrow or custodial account liability

    beginning of year $41,706 · end of year $59,955

  • 23 · Secured mortgages and notes payable

    beginning of year $115,701 · end of year $75,701

  • 25 · Other liabilities

    beginning of year $607,500 · end of year $613,000

  • 27 · Net assets without donor restrictions

    beginning of year $57,447,611 · end of year $57,479,556

  • 28 · Net assets with donor restrictions

    beginning of year $53,073,333 · end of year $57,849,093

Mission and programs · 2024

Mission

WHEELER IS AN INDEPENDENT, COLLEGE PREPARATORY DAY SCHOOL SERVING STUDENTS NURSERY THROUGH GRADE 12 WHOSE MISSION IS DERIVED FROM THE IDEAL OF ITS FOUNDER, MARY C WHEELER, "TO LEARN OUR POWERS AND BE ANSWERABLE FOR THEIR USE."

Activities or mission (Part I)

THE WHEELER SCHOOL IS A CO-ED INDEPENDENT DAY SCHOOL FOR NURSERY THROUGH 12TH GRADE STUDENTS.

  • PROVIDING EDUCATIONAL SERVICES TO STUDENTS ATTENDING NURSERY THROUGH 12TH GRADE. THE SCHOOL ENROLLED 823 STUDENTS FOR THE YEAR OF WHICH 96 STUDENTS GRADUATED FROM THE CLASS OF 2025 AND 99% OF THOSE GRADUATING PURSUED A COLLEGE EDUCATION. ADMINISTRATION, FACULTY AND STAFF PARTICIPATED IN SCHOOL SUPPORTED PROFESSIONAL DEVELOPMENT PROGRAMS. A STRONG VOLUNTEER GROUP OF PARENTS AND ALUMNI HELPED THE SCHOOL IN ITS FUNDRAISING AND ADMISSIONS ACTIVITIES.

    Expenses $33,920,086 · Grants $5,622,200 · Revenue $38,551,183

  • WHEELER SUMMER CAMP AND PROGRAMS PROVIDE BOTH WHEELER STUDENTS AND CHILDREN FROM THE LOCAL COMMUNITIES, EDUCATIONAL, ENRICHMENT, RECREATIONAL AND ATHLETIC BASED ACTIVITIES AND PROGRAMMING. SUMMER CAMP AND PROGRAMS INTRODUCE CHILDREN TO THE WHEELER SCHOOL AND CAMP EXPERIENCES. IN 2025, OVER 900 CHILDREN PARTICIPATED IN THE PROGRAMS. WHEELER SUMMER CAMP AND PROGRAMS PROVIDE NON-TUITION REVENUE TO SUPPORT ANNUAL OPERATIONS.

    Expenses $889,026 · Revenue $1,359,409

  • AFTER SCHOOL PROGRAMS SERVICE WHEELER STUDENTS IN NURSERY THROUGH GRADE 5. APPROXIMATELY 70 STUDENTS WERE ENROLLED PER DAY IN AGE APPROPRIATE ACTIVITIES. ADDITIONALLY LATE DAY OPTIONS ARE AVAILABLE FOR OUR NURSERY AND PRE-K STUDENTS.

    Expenses $240,716 · Revenue $408,284

As filed on the 2024 return.

Listed in Part VII

  • Alisia St Florian

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Constance Howes

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Daniel Becker

    VICE-PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Eve Veliz-Moran

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Greg Altman

    BOARD MEMBER (UNTIL 12/2024)

    Total calculated
    $0
    Hours/week
    2

  • Jasmine Sykes-Kunk

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • John Clarke

    ALUMNI BOARD CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Kate Edwards Paglia

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Kathleen Carney- Godley

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Kathryn Goodfellow

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Katie Keeffe

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Matt Coen

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Matthew Finkelstein

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Mete Tunca

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Nick Wall

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Pam O'Hara

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Robin Glancy

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Russell Shippee

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Sandra Smith

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Sean Adu-Gyamfi

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Shankar Prasad

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Ting Barnard

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Valerie Allen

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • William Prescott

    BOARD MEMBER, HEAD EMERITUS

    Total calculated
    $0
    Hours/week
    2

  • Allison Gaines Pell

    HEAD OF SCHOOL

    Total calculated
    $595,382
    From this org
    $440,042
    From related orgs
    $0
    Other
    $155,340
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $440,042
    Bonus
    $0
    Other
    $0
    Deferred
    $32,536
    Nontaxable benefits
    $122,804
    Filer's total
    $595,382

  • Kathleen Wilson

    CHIEF FINANCIAL OFFICER

    Total calculated
    $266,728
    From this org
    $216,798
    From related orgs
    $0
    Other
    $49,930
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $216,798
    Bonus
    $0
    Other
    $0
    Deferred
    $16,985
    Nontaxable benefits
    $32,945
    Filer's total
    $266,728

  • Ian Moorhouse

    CHIEF OPERATING OFFICER

    Total calculated
    $232,854
    From this org
    $216,754
    From related orgs
    $0
    Other
    $16,100
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $216,754
    Bonus
    $0
    Other
    $0
    Deferred
    $16,100
    Nontaxable benefits
    $0
    Filer's total
    $232,854

  • Jeanette Epstein

    DIR. OF ADMISSION AND ELEM.MAT PROGRAM

    Total calculated
    $188,277
    From this org
    $160,850
    From related orgs
    $0
    Other
    $27,427
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $160,850
    Bonus
    $0
    Other
    $0
    Deferred
    $11,739
    Nontaxable benefits
    $15,688
    Filer's total
    $188,277

  • Max Pearlstein

    DIR. OF STRATEGIC COMMUNICATIONS

    Total calculated
    $212,864
    From this org
    $160,972
    From related orgs
    $0
    Other
    $51,892
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $160,972
    Bonus
    $0
    Other
    $0
    Deferred
    $12,978
    Nontaxable benefits
    $38,914
    Filer's total
    $212,864

  • Anna Curtis

    DIRECTOR OF ENROLLMENT

    Total calculated
    $254,442
    From this org
    $161,793
    From related orgs
    $0
    Other
    $92,649
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $161,793
    Bonus
    $0
    Other
    $0
    Deferred
    $12,034
    Nontaxable benefits
    $80,615
    Filer's total
    $254,442

  • Francis McCarthy

    HEAD OF HAMILTON SCHOOL

    Total calculated
    $244,228
    From this org
    $195,604
    From related orgs
    $0
    Other
    $48,624
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $195,604
    Bonus
    $0
    Other
    $0
    Deferred
    $15,838
    Nontaxable benefits
    $32,786
    Filer's total
    $244,228

  • Neeltje Henneman

    HEAD OF UPPER SCHOOL

    Total calculated
    $188,426
    From this org
    $162,054
    From related orgs
    $0
    Other
    $26,372
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $162,054
    Bonus
    $0
    Other
    $0
    Deferred
    $12,129
    Nontaxable benefits
    $14,243
    Filer's total
    $188,426

  • Rachel Spaulding

    HEAD OF ADVANCEMENT

    Total calculated
    $284,246
    From this org
    $207,453
    From related orgs
    $0
    Other
    $76,793
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $207,453
    Bonus
    $0
    Other
    $0
    Deferred
    $16,802
    Nontaxable benefits
    $59,991
    Filer's total
    $284,246

  • Young Un

    DIR. OF STRATEGIC INNOVATION

    Total calculated
    $199,192
    From this org
    $161,951
    From related orgs
    $0
    Other
    $37,241
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $161,951
    Bonus
    $0
    Other
    $0
    Deferred
    $13,338
    Nontaxable benefits
    $23,903
    Filer's total
    $199,192

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 · 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 · 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
HEAD OF SCHOOL ALLISON GAINES PELL, AS A CONDITION OF EMPLOYMENT IN ORDER TO PROPERLY DISCHARGE HER RESPONSIBILITIES, AND FOR THE CONVENIENCE OF THE SCHOOL, IS REQUIRED TO MAINTAIN HER RESIDENCE IN A LOCAL HOME WHICH IS CONTIGUOUS TO CAMPUS AND IS OWNED BY THE 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
2024
Filed
4 December 2025
IRS schema version
2024v5.2
Source object
202503439349301100

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