Trustees Of The Lawrenceville School
- Assets
- $1.1b
- Revenue
- $118.9m
- Investments
- $500.0m
- Employees
- 648
- Location
- Lawrenceville, NJ
- Founding
- 01/1935
- Data as of
- 06/2021
- EIN
- 21-0634503
Organization Overview
Trustees Of The Lawrenceville School is located in Lawrenceville, NJ. The organization was established in 1935. According to its NTEE Classification (B25) the organization is classified as: Secondary & High Schools, under the broad grouping of Education and related organizations. As of 06/2022, Trustees Of The Lawrenceville School employed 648 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Trustees Of The Lawrenceville 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 06/2021, Trustees Of The Lawrenceville School generated $118.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.7% each year. All expenses for the organization totaled $98.9m during the year ending 06/2021. While expenses have increased by 3.6% 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.
Since 2015, Trustees Of The Lawrenceville School has awarded 25 individual grants totaling $818,500. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THROUGH HOUSE AND HARKNESS, THE LAWRENCEVILLE SCHOOL CHALLENGES A DIVERSE COMMUNITY OF PROMISING YOUNG PEOPLE TO LEAD LIVES OF LEARNING, INTEGRITY, AND HIGH PURPOSE. OUR MISSION IS TO INSPIRE THE BEST IN EACH TO SEEK THE BEST FOR ALL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
STUDENT SERVICES: IN 1936, EDUCATIONAL PHILANTHROPIST EDWARD S. HARKNESS HELPED LAWRENCEVILLE RECONFIGURE THE SCHOOL'S CLASSROOMS AROUND OVAL 'HARKNESS' TABLES THAT REPLACED LECTURE AND MEMORIZATION WITH SHARED INQUIRY AND DISCOVERY.BY CONNECTING THE RIGOROUS INTELLECTUAL CULTURE AROUND THE HARKNESS TABLE TO OUTSTANDING EXPERIENTIAL AND EXTRACURRICULAR OPPORTUNITIES SPANNING ACADEMIC, ATHLETIC, ARTISTIC, CULTURAL, SCIENTIFIC, SERVICE, AND SOCIAL ENDEAVORS, LAWRENCEVILLE DEEPENS UNDERSTANDING, REINFORCES SELF-CONFIDENCE, SPAWNS CREATIVITY, AND FOSTERS INITIATIVE AND LEADERSHIP.
CONTINUATION OF LINE 4A:WE EMPOWER STUDENTS TO LEARN AND THINK FOR THEMSELVES, AND TO SUBJECT PRELIMINARY UNDERSTANDING TO CRITICAL REVIEW. LAWRENCEVILLE ENCOURAGES STUDENTS TO PUT IN THE WORK, PURSUE THEIR PASSIONS, AND DEVELOP THEIR TALENTS, INSPIRING THE BEST IN EACH TO SEEK THE BEST FOR ALL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Braswell Porter Trustee | Trustee | 2 | $0 |
Brody Hyman J Trustee | Trustee | 2 | $0 |
Brown Whitney Hailand Trustee | Trustee | 2 | $0 |
Cahill Vincent J Trustee | Trustee | 2 | $0 |
Fang Jean S Trustee | Trustee | 2 | $0 |
Frumkin Joseph B Trustee | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
The Albert M Higley Co Llc Construction | 6/29/22 | $44,031,988 |
Vj Scozzari & Sons Inc Construction | 6/29/22 | $4,041,799 |
Sustainable Fare-dining Food Services | 6/29/22 | $3,433,569 |
Sasaki Associates Construction Design | 6/29/22 | $2,113,951 |
L & A Tent Rentals Tent Rentals | 6/29/22 | $976,992 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $44,970,407 |
| Investment income | $3,559,511 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $45,253 |
| Net Gain/Loss on Asset Sales | $16,767,285 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$150,810 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $118,883,228 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $15,217,025 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $3,239,008 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $27,247,770 |
| Pension plan accruals and contributions | $2,993,782 |
| Other employee benefits | $8,070,081 |
| Payroll taxes | $1,668,751 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $935,316 |
| Fees for services: Accounting | $147,757 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $13,500 |
| Fees for services: Investment Management | $4,597,018 |
| Fees for services: Other | $1,907,404 |
| Advertising and promotion | $106,839 |
| Office expenses | $2,558,608 |
| Information technology | $1,641,200 |
| Royalties | $0 |
| Occupancy | $3,064,757 |
| Travel | $383,144 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $175,097 |
| Interest | $2,482,239 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $8,151,379 |
| Insurance | $638,288 |
| All other expenses | $0 |
| Total functional expenses | $98,937,164 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $37,966,563 |
| Savings and temporary cash investments | $21,143,320 |
| Pledges and grants receivable | $82,387,846 |
| Accounts receivable, net | $5,654,914 |
| Loans from Officers, Directors, or Controlling Persons | $209,320 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $3,507,360 |
| Inventories for sale or use | $117,159 |
| Prepaid expenses and deferred charges | $870,217 |
| Investments—publicly traded securities | $244,046,382 |
| Investments—other securities | $500,040,681 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $50,089,145 |
| Total assets | $1,115,399,445 |
| Accounts payable and accrued expenses | $24,376,516 |
| Grants payable | $0 |
| Deferred revenue | $17,289,811 |
| Tax-exempt bond liabilities | $49,055,011 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $1,104,886 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $15,932,233 |
| Total liabilities | $107,758,457 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $1,007,640,988 |
Grants Awarded
Over the last fiscal year, Trustees Of The Lawrenceville School has awarded $102,500 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
LAWRENCE TOWNSHIP COMMUNITY FOUNDATION PURPOSE: ANNUAL DONATION FOR GENERAL SUPPORT | $20,000 |
LAWRENCE TOWNSHIP EDUCATION FOUNDATION PURPOSE: ANNUAL DONATION FOR GENERAL SUPPORT | $75,500 |
LAWRENCEVILLE MAIN STREET PURPOSE: ANNUAL DONATION FOR GENERAL SUPPORT | $7,000 |