Kent Place School is located in Summit, NJ. The organization was established in 1923. 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 06/2023, Kent Place School employed 365 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kent Place 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, Kent Place School generated $40.9m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.2% each year. All expenses for the organization totaled $39.8m during the year ending 06/2023. While expenses have increased by 4.1% 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
THE ONLY NONSECTARIAN GIRLS' DAY SCHOOL IN NJ, KENT PLACE SCHOOL PROVIDES A RIGOROUS AND FULFILLING EDUCATION FOR 600+ STUDENTS IN KINDERGARTEN THROUGH GRADE 12 WITH A COED PRESCHOOL.
Describe the Organization's Program Activity:
OUR KENT PLACE CURRICULUM AND PROGRAMS ARE RICH IN OPPORTUNITIES FOR STUDENTS TO DEVELOP ETHICAL DECISION-MAKING, CRITICAL THINKING, AND PROBLEM-SOLVING SKILLS. WE PROMOTE INTEGRITY, INITIATIVE, AND INCLUSION THROUGHOUT ALL OF THE SCHOOLING YEARS. OUR STUDENTS TAKE ON INCREASINGLY PROFOUND LEADERSHIP OPPORTUNITIES THAT FOSTER COLLABORATION AND SELF-AWARENESS WHILE ALSO CULTIVATING COMPASSION AND EMPATHY. WE BELIEVE THAT THE LESSONS AND VALUES ENCOURAGED BY OUR MULTI-TALENTED FACULTY PREPARE EACH STUDENT TO BE AN ACTIVE CONTRIBUTOR TO THE LARGER WORLD BEYOND KENT PLACE. KENT PLACE IS HOME TO A WIDE ARRAY OF CURRICULAR AND COCURRICULAR ACTIVITIES, AS WELL AS OUR SIGNATURE PROGRAMS SUCH AS THE GIRLS' LEADERSHIP INSTITUTE, NOW ENTERING ITS 26TH YEAR OF EMPOWERING GIRLS TO DISCOVER THEIR FULL LEADERSHIP POTENTIAL, AND OUR RENOWNED ETHICS INSTITUTE, WHICH PROMOTES THE PROCESS AND PRACTICE OF ETHICAL DECISION-MAKING IN PRIMARY AND SECONDARY SCHOOL COMMUNITIES. KENT PLACE ALSO OFFERS A TRADITIONAL SUMMER DAY CAMP, AFTERSCHOOL PROGRAMS, AND ENRICHMENT CLASSES.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Cheryl Kaplun Trustee/math Teacher | Trustee | 42 | $84,578 |
Anne Grissinger President | OfficerTrustee | 2 | $0 |
Jennifer T Grogan Vice President | OfficerTrustee | 2 | $0 |
Nancy H Van Duyne Vice President | OfficerTrustee | 2 | $0 |
Rahul Goyal Treasurer | OfficerTrustee | 2 | $0 |
Lawrence D Johnson II Secretary | OfficerTrustee | 2 | $0 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Avi Foodsystems Inc Food Services | 6/29/23 | $722,168 |
Meriwether Godsey Food Services | 6/29/23 | $609,048 |
Jcj Architecture Pc Architectural Services | 6/29/23 | $214,418 |
Direct Clean Service Solutions Cleaning Services | 6/29/23 | $301,062 |
Hannon Floors Flooring Installation Services | 6/29/23 | $291,339 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $20,170 |
Related organizations | $0 |
Government grants | $23,333 |
All other contributions, gifts, grants, and similar amounts not included above | $6,239,908 |
Noncash contributions included in lines 1a–1f | $56,886 |
Total Revenue from Contributions, Gifts, Grants & Similar | $6,283,411 |
Total Program Service Revenue | $33,659,999 |
Investment income | $900,856 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $287,924 |
Net Gain/Loss on Asset Sales | -$439,625 |
Net Income from Fundraising Events | $19,358 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $71,714 |
Miscellaneous Revenue | $0 |
Total Revenue | $40,917,116 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $0 |
Grants and other assistance to domestic individuals. | $4,045,942 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $994,811 |
Compensation of current officers, directors, key employees. | $932,525 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $17,918,321 |
Pension plan accruals and contributions | $1,232,896 |
Other employee benefits | $2,320,615 |
Payroll taxes | $1,510,287 |
Fees for services: Management | $0 |
Fees for services: Legal | $126,762 |
Fees for services: Accounting | $132,805 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $84,663 |
Fees for services: Investment Management | $86,016 |
Fees for services: Other | $425,414 |
Advertising and promotion | $138,046 |
Office expenses | $1,343,952 |
Information technology | $669,054 |
Royalties | $0 |
Occupancy | $504,523 |
Travel | $475,905 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $2,552,648 |
Insurance | $0 |
All other expenses | $336,163 |
Total functional expenses | $39,768,988 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $2,420,133 |
Savings and temporary cash investments | $3,080,969 |
Pledges and grants receivable | $3,378,554 |
Accounts receivable, net | $128,159 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $92,369 |
Prepaid expenses and deferred charges | $1,767,333 |
Net Land, buildings, and equipment | $40,871,272 |
Investments—publicly traded securities | $20,133,362 |
Investments—other securities | $4,764,007 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $103,164 |
Total assets | $76,739,322 |
Accounts payable and accrued expenses | $2,872,405 |
Grants payable | $0 |
Deferred revenue | $4,390,651 |
Tax-exempt bond liabilities | $3,643,831 |
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 | $0 |
Total liabilities | $10,906,887 |
Net assets without donor restrictions | $41,033,830 |
Net assets with donor restrictions | $24,798,605 |
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 | $76,739,322 |