Far Hills Country Day School
- Assets
- $49.7m
- Revenue
- $17.0m
- Investments
- $15.5m
- Employees
- 116
- Location
- Far Hills, NJ
- Founding
- 10/1950
- Data as of
- 06/2021
- EIN
- 22-1489901
Organization Overview
Far Hills Country Day School is located in Far Hills, NJ. The organization was established in 1950. 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 06/2021, Far Hills Country Day School employed 116 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Far Hills Country Day 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, Far Hills Country Day School generated $17.0m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.5% each year. All expenses for the organization totaled $13.2m during the year ending 06/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O.
Describe the Organization's Program Activity:
Part 3 - Line 4a
INSTRUCTIONAL SERVICES- PROVIDING 288 ENROLLED STUDENTS WITH EDUCATIONAL SERVICES AND OTHER STUDENT PROGRAMS.
FOOD SERVICES-PROVIDING 248 ENROLLED STUDENTS WITH LUNCH, ETC.
MUSIC CONSERVATORY - OFFERING A MUSIC PROGRAMS TO 50 ENROLLED STUDENTS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Georgia Zaiser Head Of Schoool | Officer | 60 | $303,960 |
Lori Fitzgibbon CFO | Officer | 50 | $171,680 |
Linda Corcoran Dir.of Engagement,philanthropy | 50 | $127,442 | |
David Sacco Director Of Facilities | 50 | $120,711 | |
Daniel Sussman Lower School Director | 40 | $99,423 | |
Colleen Mccloskey Vice-Chair Man And Trustee | OfficerTrustee | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Tlp Climate Control Systems Inc Hvac | 6/29/21 | $155,068 |
Dublin Cleaning | 6/29/21 | $279,857 |
Brock Co Food Services | 6/29/21 | $412,281 |
Halecon Inc Construction | 6/29/21 | $156,660 |
Joseph Natoli Construction Corp Construction | 6/29/21 | $1,830,828 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $408,175 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,708,271 |
| Noncash contributions included in lines 1a–1f | $193,844 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,116,446 |
| Total Program Service Revenue | $10,846,325 |
| Investment income | $16,211 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $3,733,551 |
| Net Income from Fundraising Events | $329,629 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $17,042,162 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $2,419,303 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $789,974 |
| Compensation of current officers, directors, key employees. | $789,974 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,524,968 |
| Pension plan accruals and contributions | $1 |
| Other employee benefits | $448,906 |
| Payroll taxes | $373,781 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $28,515 |
| Fees for services: Accounting | $44,600 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $695 |
| Fees for services: Other | $499,515 |
| Advertising and promotion | $131,766 |
| Office expenses | $923,701 |
| Information technology | $228,530 |
| Royalties | $0 |
| Occupancy | $405,705 |
| Travel | $27,431 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $19,511 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,262,292 |
| Insurance | $109,377 |
| All other expenses | $146,202 |
| Total functional expenses | $13,154,718 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $4,582,176 |
| Pledges and grants receivable | $917,535 |
| Accounts receivable, net | $1,109,587 |
| 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 | $122,322 |
| Net Land, buildings, and equipment | $27,405,857 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $15,534,862 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $49,672,339 |
| Accounts payable and accrued expenses | $974,253 |
| Grants payable | $0 |
| Deferred revenue | $2,885,728 |
| Tax-exempt bond liabilities | $3,675,925 |
| 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 | $7,535,906 |
| Net assets without donor restrictions | $36,565,558 |
| Net assets with donor restrictions | $5,570,875 |
| 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 | $49,672,339 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Far Hills Country Day School has recieved totaling $6,500.
| Awarding Organization | Amount |
|---|---|
Welsh Family Foundation Inc Vero Beach, FL PURPOSE: UNRESTRICTED | $5,000 |
Ernest Christian Klipstein Foundation Oldwick, NJ PURPOSE: EDUCATIONAL | $1,500 |
Endowment Analysis
| Beg. Balance | $12,077,290 |
| Earnings | $3,726,645 |
| Net Contributions | $160,850 |
| Other Expense | $1,806 |
| Ending Balance | $15,962,979 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Haverford School Haverford, PA | $200,207,536 | $63,658,264 |
Calhoun School Inc New York, NY | $66,556,667 | $39,561,327 |
Marion P Thomas Charter School Inc Newark, NJ | $17,560,259 | $37,041,604 |
Saint Davids School New York, NY | $170,289,488 | $33,366,978 |
Trustees Of Newark Academy Livingston, NJ | $113,328,907 | $35,913,632 |
Philadelphia Independent Mission Schools Philadelphia, PA | $39,191,945 | $38,175,969 |
Hewitt School New York, NY | $78,957,035 | $33,976,072 |
Lakewood Chedar School Lakewood, NJ | $43,735,740 | $33,402,068 |
Buckley School In The City Of New York New York, NY | $138,732,019 | $33,895,115 |
Bnos Bais Yaakov Of Far Rockaway Far Rockaway, NY | $26,507,044 | $28,668,399 |
City And Country School Inc New York, NY | $49,971,219 | $22,042,063 |
Golda Och Academy Inc West Orange, NJ | $16,688,223 | $21,390,950 |