Far Hills Country Day School
- Assets
- $47.7m
- Revenue
- $11.4m
- Investments
- $15.4m
- Employees
- 114
- Location
- Far Hills, NJ
- Founding
- 10/1950
- Data as of
- 06/2024
- 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 06/2024, Far Hills Country Day School employed 114 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 06/2024, Far Hills Country Day School generated $11.4m in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (1.5%) each year. All expenses for the organization totaled $12.8m during the year ending 06/2024. As we would expect to see with falling revenues, expenses have declined by (0.6%) per year over the past 9 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
FAR HILLS COUNTRY DAY SCHOOL PROVIDED AN EDUCATION TO 239 STUDENTS IN GRADES PREK - GRADE 8 DURING THE TAX YEAR WITH THE MISSION OF THE SCHOOL AND THE PILLARS AS THE GUIDING PRINCIPLES. THROUGH ACADEMIC EXCELLENCE AND CHARACTER DEVELOPMENT, FAR HILLS COUNTRY DAY SCHOOL PROVIDES EACH CHILD BRILLIANT BEGINNINGS FOR SUCCESS IN THE MODERN WORLD. FAR HILLS COUNTRY DAY SCHOOL PROVIDES A CURRICULUM THAT SUPPORTS ACADEMIC EXCELLENCE AS WELL AS EMOTIONAL INTELLIGENCE. FAR HILLS ALSO PROVIDES A CHARACTER-BASED EDUCATION THROUGH THE PILLARS OF CHARACTER: RESPECT, RESPONSIBILITY, LEADERSHIP, KINDNESS, HONESTY. THE FIVE PILLARS OF CHARACTER PERMEATE EVERYDAY LIFE AT FAR HILLS. OUR COMMITMENT TO THE PILLARS IS FUNDAMENTAL TO MAKING OUR COMMUNITY STRONG AND THE WORLD A BETTER PLACE
Describe the Organization's Program Activity:
Part 3 - Line 4a
FAR HILLS COUNTRY DAY SCHOOL CHALLENGES STUDENTS TO THINK INDEPENDENTLY AND ACHIEVE CONFIDENTLY. THE SCHOOL'S SHARED GROWTH MINDSET CONTRIBUTES TO ITS EXPERIENTIAL, STUDENT-CENTERED APPROACH TO LEARNING, ITS WELCOMING COMMUNITY OF FAMILIES, AND ITS FOCUS ON DEVELOPING INDIVIDUAL STRENGTHS. AT FAR HILLS, STUDENTS ARE EMPOWERED TO GROW INWARD, OUTWARD, AND UPWARD AND GRADUATE PREPARED TO LEAD AT THE COUNTRY'S MOST COMPETITIVE SECONDARY SCHOOLS. THE ACADEMIC JOURNEY STARTS IN PRESCHOOL AND CONTINUES THROUGH GRADE 8. STUDENTS EXPLORE AND STUDY A VARIETY OF SUBJECTS, INCLUDING MATH, SCIENCE, LANGUAGE ARTS, STEAM, ART, SOCIAL STUDIES, AND HISTORY, AND MORE.THE SCHOOL PROVIDED 239 ENROLLED STUDENTS WITH EDUCATIONAL SERVICES, PROGRAMMING, AND OTHER STUDENT-CENTERED OFFERINGS DURING FY2024. THE SCHOOL ALSO PROVIDED 239 ENROLLED STUDENTS WITH HEALTHY MEALS AND SNACKS, AS PART OF THE PROGRAM DURING FY2024.OTHER ACCOMPLISHMENTS AND HIGHLIGHTS INCLUDE OUR SIGNATURE ADVENTURE TRIPS FOR GRADES 5-8 AND CAPSTONE PROJECTS WHICH INCLUDE PRESENTATIONS IN THE FORM OF EXPO'S WHERE THE ENTIRE SCHOOL AND PARENT BODIES CAN VIEW THE WORK OF THE STUDENTS.
MUSIC CONSERVATORYTHE SCHOOL OFFERS A MUSIC PROGRAM AVAILABLE TO ALL ENROLLED STUDENTS WITH AN AVERAGE OF 45 REGISTERED FOR MUSIC LESSONS IN THE FALL AND SPRING.
OTHER AUXILIARY SERVICES AFTER SCHOOL CARE, ENRICHMENT WORKSHOPS, HOMEWORK CLUB, SUMMER PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Georgia Zaiser Head Of School | OfficerTrustee | 60 | $304,565 |
Joe Ferraro Chair | OfficerTrustee | 10 | $0 |
Colleen Mccloskey Vice-Chair | OfficerTrustee | 4 | $0 |
Diane Calello Secretary | OfficerTrustee | 3 | $0 |
Michael Vollero Treasurer | OfficerTrustee | 1 | $0 |
Rich Antoneck Trustee | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Brock & Company Inc Food Services | 6/29/24 | $449,879 |
Active Internet Technologies Llc Website Design Services | 6/29/24 | $164,338 |
Dex And Co Llc Janitorial Services | 6/29/24 | $256,740 |
Tlp Climate Control Systems Inc Maintenance Services | 6/29/24 | $100,408 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $227,466 |
| Related organizations | $0 |
| Government grants | $101,325 |
| All other contributions, gifts, grants, and similar amounts not included above | $968,151 |
| Noncash contributions included in lines 1a–1f | $203,236 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,296,942 |
| Total Program Service Revenue | $9,674,141 |
| Investment income | $157,254 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $65,007 |
| Net Gain/Loss on Asset Sales | -$418 |
| Net Income from Fundraising Events | -$29,617 |
| Net Income from Gaming Activities | $38,306 |
| Net Income from Sales of Inventory | -$286 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $11,430,559 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,425,916 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $699,701 |
| Compensation of current officers, directors, key employees. | $297,365 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,750,034 |
| Pension plan accruals and contributions | $161,769 |
| Other employee benefits | $688,703 |
| Payroll taxes | $407,697 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $13,738 |
| Fees for services: Accounting | $40,150 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $207,131 |
| Advertising and promotion | $136,077 |
| Office expenses | $362,010 |
| Information technology | $424,050 |
| Royalties | $0 |
| Occupancy | $644,366 |
| Travel | $53,987 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $26,633 |
| Interest | $118,534 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,308,519 |
| Insurance | $234,653 |
| All other expenses | $123,363 |
| Total functional expenses | $12,832,950 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $56,622 |
| Savings and temporary cash investments | $4,987,879 |
| Pledges and grants receivable | $352,924 |
| Accounts receivable, net | $481,401 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $41,098 |
| Prepaid expenses and deferred charges | $129,443 |
| Net Land, buildings, and equipment | $26,251,315 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $15,366,140 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $47,666,822 |
| Accounts payable and accrued expenses | $798,339 |
| Grants payable | $0 |
| Deferred revenue | $2,187,090 |
| 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 | $3,783,275 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $6,768,704 |
| Net assets without donor restrictions | $36,037,072 |
| Net assets with donor restrictions | $4,861,046 |
| 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 | $47,666,822 |