Haverford School
- Assets
- $228.6m
- Revenue
- $53.3m
- Investments
- $95.7m
- Employees
- 324
- Location
- Haverford, PA
- Founding
- 10/1942
- Data as of
- 06/2023
- EIN
- 23-1352646
Organization Overview
Haverford School is located in Haverford, PA. The organization was established in 1942. 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 06/2023, Haverford School employed 324 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Haverford 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 06/2023, Haverford School generated $53.3m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.2% each year. All expenses for the organization totaled $48.2m during the year ending 06/2023. While expenses have increased by 3.1% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
A NON-SECTARIAN COLLEGE PREP SCHOOL PRE-K-12, EDUCATES QUALIFIED BOYS OF DIFFERING BACKGROUNDS.
Describe the Organization's Program Activity:
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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tyler Casertano Headmaster | OfficerTrustee | 40 | $587,560 |
Maurice D Glavin Chair | OfficerTrustee | 7 | $0 |
Caroline R DE Marco Secretary | OfficerTrustee | 0.5 | $0 |
George B Lemmon Jr Vice Chair/treasurer | OfficerTrustee | 0.5 | $0 |
Kenneth M Bate Trustee | Trustee | 0.5 | $0 |
Amy Baker Trustee | Trustee | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Field Turf Corp Turf Installation | 6/29/23 | $479,169 |
Sapsis Rigging Inc Construction | 6/29/23 | $149,222 |
Ranieri & Kerns Assoc Llc Construction | 6/29/23 | $221,950 |
Watts Restoration Co Inc General Contractor/ Stone Restoration | 6/29/23 | $192,090 |
Faegre Drinker Biddle & Reath Llp Legal | 6/29/23 | $139,357 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $280,092 |
| Related organizations | $0 |
| Government grants | $605,689 |
| All other contributions, gifts, grants, and similar amounts not included above | $10,955,409 |
| Noncash contributions included in lines 1a–1f | $340,105 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $11,841,190 |
| Total Program Service Revenue | $38,851,193 |
| Investment income | $447,389 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $235,343 |
| Net Gain/Loss on Asset Sales | -$127,028 |
| Net Income from Fundraising Events | $199,187 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $53,332,450 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $9,649,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $2,399,286 |
| Compensation of current officers, directors, key employees. | $838,854 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $14,629,429 |
| Pension plan accruals and contributions | $1,234,983 |
| Other employee benefits | $3,575,459 |
| Payroll taxes | $1,146,903 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $460,943 |
| Fees for services: Accounting | $80,908 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $152,824 |
| Fees for services: Other | $2,400,706 |
| Advertising and promotion | $180,114 |
| Office expenses | $2,255,075 |
| Information technology | $323,363 |
| Royalties | $0 |
| Occupancy | $3,006,009 |
| Travel | $275,656 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $46,079 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,077,411 |
| Insurance | $246,561 |
| All other expenses | $361,758 |
| Total functional expenses | $48,227,077 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $73,031 |
| Savings and temporary cash investments | $16,986,369 |
| Pledges and grants receivable | $2,041,790 |
| Accounts receivable, net | $17,488 |
| 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 | $602,655 |
| Net Land, buildings, and equipment | $100,268,872 |
| Investments—publicly traded securities | $12,149,328 |
| Investments—other securities | $95,700,818 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $740,554 |
| Total assets | $228,580,905 |
| Accounts payable and accrued expenses | $2,587,437 |
| Grants payable | $0 |
| Deferred revenue | $8,211,586 |
| Tax-exempt bond liabilities | $30,915,387 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $70,169 |
| Unsecured mortgages and notes payable | $20,736,111 |
| Other liabilities | $77,889 |
| Total liabilities | $62,598,579 |
| Net assets without donor restrictions | $127,079,814 |
| Net assets with donor restrictions | $38,902,512 |
| 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 | $228,580,905 |