Chapin School
- Assets
- $19.5m
- Revenue
- $8.4m
- Investments
- $0.0
- Employees
- 89
- Location
- Princeton, NJ
- Founding
- 05/1953
- Data as of
- 06/2022
- EIN
- 21-0688891
Organization Overview
Chapin School is located in Princeton, NJ. The organization was established in 1953. 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, Chapin School employed 89 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Chapin 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, Chapin School generated $8.4m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.0%) each year. All expenses for the organization totaled $8.5m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (3.5%) per year over the past 7 years. 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
CHAPIN SHARES A COMMITMENT TO EACH CHILD'S ACADEMIC, EMOTIONAL, ETHICAL, CREATIVE, PHYSICAL, AND SOCIAL DEVELOPMENT. IN SMALL CLASSES THAT PROMOTE ACTIVE LEARNING, DEDICATED FACULTY CREATE ENVIRONMENTS WHERE CRITICAL THINKING, EFFECTIVE COMMUNICATION, CREATIVITY AND CURIOSITY FLOURISH. ENCOUNTERING CHALLENGES THAT LEAD TO SUCCESS, STUDENTS DEVELOP A POSITIVE SENSE OF SELF. A STRONG COMMITMENT TO CHAPIN'S FIVE VIRTUES (RESPECT, RESPONSIBILITY, HONESTY, KINDNESS, AND PERSEVERANCE) FOSTER AN ENVIRONMENT FOR CHARACTER DEVELOPMENT THAT COMPLEMENTS OUR RIGOROUS ACADEMIC PROGRAMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CHAPIN PROVIDES A RICHLY TEXTURED EDUCATION THAT INSPIRES ACADEMIC ACHIEVEMENT AND BUILDS STRENGTH OF CHARACTER. WITHIN A DIVERSE, CARING AND SUPPORTIVE COMMUNITY, WE PREPARE OUR STUDENTS TO MEET THE FUTURE WITH SKILL, CONFIDENCE, DETERMINATION AND GENEROSITY OF SPIRIT. THROUGH A STEAM CROSS-DISCIPLINARY CURRICULUM, ENRICHED MATH AND LANGUAGE ARTS, AND DISCUSSION BASED CLASSES; CHAPIN SHARES A COMMITMENT TO EACH CHILD'S ACADEMIC, EMOTIONAL, ETHICAL, CREATIVE, PHYSICAL, AND SOCIAL DEVELOPMENT -- FROM EXPLORERS THROUGH GRADE 8.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Christina Foglio Trustee Emeritus | Trustee | 2 | $0 |
Phiroze Rao Charter Trustee | Trustee | 4 | $0 |
Ben Bickford Charter Trustee | Trustee | 2 | $0 |
Chetan Bhargiri Treasurer | OfficerTrustee | 4 | $0 |
Paul Alfieri Trustee | Trustee | 2 | $0 |
Michelle Bajwa Trustee | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Commercial Cleaning Corporation Custodial | 6/29/22 | $124,121 |
Tustin Mechanical Services Heating & Air Conditioning | 6/29/22 | $130,330 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $9,135 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,098,477 |
| Noncash contributions included in lines 1a–1f | $46,914 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,107,612 |
| Total Program Service Revenue | $6,889,460 |
| Investment income | $144,291 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $36,035 |
| Net Gain/Loss on Asset Sales | $170,553 |
| Net Income from Fundraising Events | $1,639 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,411,978 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,352,282 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $251,895 |
| Compensation of current officers, directors, key employees. | $31,624 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,379,425 |
| Pension plan accruals and contributions | $159,064 |
| Other employee benefits | $573,011 |
| Payroll taxes | $269,949 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,500 |
| Fees for services: Accounting | $28,525 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $21,979 |
| Fees for services: Other | $158,123 |
| Advertising and promotion | $46,847 |
| Office expenses | $9,003 |
| Information technology | $118,997 |
| Royalties | $0 |
| Occupancy | $136,771 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $29,872 |
| Interest | $223,081 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $967,630 |
| Insurance | $70,727 |
| All other expenses | $1,370 |
| Total functional expenses | $8,531,019 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,175,017 |
| Savings and temporary cash investments | $436,421 |
| Pledges and grants receivable | $354,575 |
| Accounts receivable, net | $16,409 |
| 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 | $5,352 |
| Net Land, buildings, and equipment | $14,681,185 |
| Investments—publicly traded securities | $2,713,189 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $149,431 |
| Total assets | $19,531,579 |
| Accounts payable and accrued expenses | $493,262 |
| Grants payable | $0 |
| Deferred revenue | $2,003,407 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $6,576,626 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $256,403 |
| Total liabilities | $9,329,698 |
| Net assets without donor restrictions | $7,863,109 |
| Net assets with donor restrictions | $2,338,772 |
| 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 | $19,531,579 |