Rumson Country Day School
- Assets
- $39.9m
- Revenue
- $14.2m
- Investments
- $0.0
- Employees
- 107
- Location
- Rumson, NJ
- Founding
- 01/1951
- Data as of
- 06/2022
- EIN
- 21-0639372
Organization Overview
Rumson Country Day School is located in Rumson, NJ. The organization was established in 1951. According to its NTEE Classification (B24) the organization is classified as: Primary & Elementary Schools, under the broad grouping of Education and related organizations. As of 06/2022, Rumson Country Day School employed 107 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rumson Country Day School is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Rumson Country Day School generated $14.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.3% each year. All expenses for the organization totaled $12.1m during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE STUDENTS FROM ALL COMMUNITIES WITH A DYNAMIC, CHALLENGING ACADEMIC EXPERIENCE IN A SAFE AND SUPPORTIVE ENVIRONMENT
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATIONAL SERVICES AND ACTIVITIES-THE RUMSON COUNDTRY DAY SCHOOL IS A NURSERY THROUGH GRADE 8, CO-EDUCATIONAL SCHOOL CURRENT ENROLLMENT IS OVER 415 STUDENTS FROM CENTRAL JERSEY. AVERAGE CLASS SIZE IS 15 FOR BEGINNERS THROUGH GRADE 4, AND 11 FOR GRADES 5 THROUGH 8. THERE ARE CURRENTLY OVER 70 FACULTY MEMBERS WITH AN AVERAGE OF 12 YEARS OF SERVICE. PLEASE REFER TO THE ORGANIZATION'S FULL MISSION IN PART III, LINE 1 ABOVE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carson Smith Head Of School | Officer | 40 | $325,348 |
Michael J Mannino Director Of Finance | Officer | 40 | $215,281 |
Mrs Nancy C Holodak Lower School Head | 40 | $159,208 | |
Mr Lon Lamb Uppper School Head | 40 | $138,351 | |
Mr Paul Campanella Athletic Director | 40 | $105,978 | |
Thomas Scott Teacher | 40 | $108,639 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Side Dish Llc Food Service | 6/29/22 | $393,960 |
Ibo Construction Group Construction | 6/29/22 | $330,227 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $186,642 |
| Related organizations | $0 |
| Government grants | $1,152,270 |
| All other contributions, gifts, grants, and similar amounts not included above | $978,568 |
| Noncash contributions included in lines 1a–1f | $19,226 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,317,480 |
| Total Program Service Revenue | $11,131,242 |
| Investment income | $235,524 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $485,160 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $827 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $14,170,233 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $983,414 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $709,219 |
| Compensation of current officers, directors, key employees. | $267,566 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,278,596 |
| Pension plan accruals and contributions | $282,528 |
| Other employee benefits | $738,666 |
| Payroll taxes | $417,413 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $26,021 |
| Fees for services: Accounting | $114,496 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $140,195 |
| Fees for services: Other | $25,635 |
| Advertising and promotion | $186,139 |
| Office expenses | $117,732 |
| Information technology | $301,704 |
| Royalties | $0 |
| Occupancy | $378,466 |
| Travel | $3,132 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $36,879 |
| Interest | $135,867 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $865,855 |
| Insurance | $285,179 |
| All other expenses | $292,467 |
| Total functional expenses | $12,146,271 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $195,389 |
| Savings and temporary cash investments | $5,127,132 |
| Pledges and grants receivable | $446,976 |
| Accounts receivable, net | $8,902 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $506 |
| Net Land, buildings, and equipment | $16,763,526 |
| Investments—publicly traded securities | $17,286,111 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $72,365 |
| Other assets | $0 |
| Total assets | $39,900,907 |
| Accounts payable and accrued expenses | $870,361 |
| Grants payable | $0 |
| Deferred revenue | $1,407,796 |
| Tax-exempt bond liabilities | $4,052,450 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $40,914 |
| Total liabilities | $6,371,521 |
| Net assets without donor restrictions | $31,431,442 |
| Net assets with donor restrictions | $2,097,944 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $39,900,907 |