Tatnall School Inc
- Assets
- $48.7m
- Revenue
- $19.5m
- Investments
- $4.1m
- Employees
- 202
- Location
- Wilmington, DE
- Founding
- 04/1957
- Data as of
- 06/2022
- EIN
- 51-0071443
Organization Overview
Tatnall School Inc is located in Wilmington, DE. The organization was established in 1957. According to its NTEE Classification (B20) the organization is classified as: Elementary & Secondary Schools, under the broad grouping of Education and related organizations. As of 06/2022, Tatnall School Inc employed 202 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tatnall School Inc 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, Tatnall School Inc generated $19.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.9% each year. All expenses for the organization totaled $19.8m during the year ending 06/2022. While expenses have increased by 1.5% per year over the past 7 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
INDEPENDENT PRIVATE SCHOOL FOR STUDENTS IN PK3 THROUGH TWELFTH GRADE
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION CONDUCTS AN EDUCATIONAL INSTITUTION WHICH IS CO-EDUCATIONAL FOR 512 STUDENTS FROM PK3 THROUGH TWELFTH GRADE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Andrew Martire Head Of School | Officer | 40 | $342,570 |
Paula Hager Business Manager | Officer | 40 | $177,598 |
Brendan Minnihan Middle School Head | 40 | $123,570 | |
Talia Titus Director Of Enrollment | 40 | $118,047 | |
Patrick Manahan Director Of Advancement | 40 | $109,225 | |
William Schluter Upper School Head | 40 | $106,219 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Modern Controls Hvac Contractor Services | 6/29/22 | $110,848 |
Alliance Commercial Cleaning Cleaning Services | 6/29/22 | $316,375 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $71,125 |
| All other contributions, gifts, grants, and similar amounts not included above | $883,949 |
| Noncash contributions included in lines 1a–1f | $49,516 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $955,074 |
| Total Program Service Revenue | $15,230,524 |
| Investment income | $583,277 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $54,023 |
| Net Gain/Loss on Asset Sales | $2,704,013 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $19,526,911 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $4,946,990 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $671,277 |
| Compensation of current officers, directors, key employees. | $671,277 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $6,464,465 |
| Pension plan accruals and contributions | $303,537 |
| Other employee benefits | $2,415,179 |
| Payroll taxes | $496,805 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $37,978 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $41,349 |
| Fees for services: Other | $856,685 |
| Advertising and promotion | $114,810 |
| Office expenses | $362,483 |
| Information technology | $128,016 |
| Royalties | $0 |
| Occupancy | $650,092 |
| Travel | $142,431 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $83,878 |
| Interest | $36,005 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,275,391 |
| Insurance | $143,655 |
| All other expenses | $1,628 |
| Total functional expenses | $19,773,467 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,396,414 |
| Savings and temporary cash investments | $2,249,466 |
| Pledges and grants receivable | $37,500 |
| Accounts receivable, net | $10,552 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $34,045 |
| Prepaid expenses and deferred charges | $102,528 |
| Net Land, buildings, and equipment | $19,820,202 |
| Investments—publicly traded securities | $20,914,607 |
| Investments—other securities | $4,088,652 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $33,602 |
| Total assets | $48,687,568 |
| Accounts payable and accrued expenses | $770,954 |
| Grants payable | $0 |
| Deferred revenue | $1,673,539 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $83,861 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $740,735 |
| Unsecured mortgages and notes payable | $156,750 |
| Other liabilities | $193,807 |
| Total liabilities | $3,619,646 |
| Net assets without donor restrictions | $21,225,973 |
| Net assets with donor restrictions | $23,841,949 |
| 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 | $48,687,568 |
Grants Recieved
Over the last fiscal year, we have identified 18 grants that Tatnall School Inc has recieved totaling $118,254.
| Awarding Organization | Amount |
|---|---|
Ernest E Stempel Foundation New York, NY PURPOSE: GENERAL | $90,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $11,350 |
Carpenter Foundation Inc Montchanin, DE PURPOSE: UPGRADES TO ATHLETIC FIELDS | $10,000 |
Jp Morgan Chase Foundation New York, NY PURPOSE: GENERAL OPERATING SUPPORT | $1,950 |
Sykora Family Charitable Foundation Glassboro, NJ PURPOSE: EDUCATION ANDSCHOLARSHIP | $1,500 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $1,025 |
Endowment Analysis
| Beg. Balance | $30,696,923 |
| Earnings | -$3,168,361 |
| Net Contributions | $106,295 |
| Other Expense | $2,438,472 |
| Ending Balance | $25,196,385 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Pennsylvania Leadership Charter Schools West Chester, PA | $90,879,263 | $65,797,836 |
The Public School Of Germantown Fort Washington, PA | $151,608,543 | $52,601,237 |
Peddie School Hightstown, NJ | $613,419,387 | $58,126,453 |
William Penn Charter School Inc Philadelphia, PA | $232,730,859 | $59,443,641 |
Montclair Kimberly Academy Foundation Montclair, NJ | $86,504,754 | $51,589,426 |
Bullis School Inc Potomac, MD | $98,208,716 | $48,486,298 |
Princeton Day School Inc Princeton, NJ | $166,237,830 | $58,529,058 |
Shady Side Academy Pittsburgh, PA | $133,159,735 | $43,966,956 |
Shipley School Bryn Mawr, PA | $112,919,649 | $39,287,186 |
The Hun School Of Princeton Princeton, NJ | $86,569,410 | $40,315,615 |
Charles E Smith Jewish Day School Of Greater Washington Inc Rockville, MD | $72,940,113 | $37,835,110 |
Kent Place School Summit, NJ | $74,166,254 | $35,657,548 |