Haverford School
- Assets
- $200.2m
- Revenue
- $63.7m
- Investments
- $16.2m
- Employees
- 303
- Location
- Haverford, PA
- Founding
- 10/1942
- Data as of
- 06/2021
- EIN
- 23-1352646
Organization Overview
Haverford School is located in Haverford, PA. The organization was established in 1942. 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, Haverford School employed 303 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Haverford 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, Haverford School generated $63.7m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 6.0% each year. All expenses for the organization totaled $42.5m during the year ending 06/2021. While expenses have increased by 2.0% per year over the past 6 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
A NON-SECTARIAN COLLEGE PREP SCHOOL PRE-K-12, EDUCATES QUALIFIED BOYS OF DIFFERING BACKGROUNDS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PREPARING YOUNG MEN ACADEMICALLY FOR THE FUTURE IS UNDOUBTEDLY ONE OF THE MOST VALUABLE BENEFITS OF A HAVERFORD EDUCATION. BUT MORE IMPORTANTLY, WE GIVE BOYS A FOUNDATION OF SKILLS THEY NEED TO LEAD A FULFILLING AND MEANINGFUL LIFE. AS OUR STATEMENT OF VISION READS, "THE HAVERFORD FACULTY PREPARES EACH BOY TO BE FUTURE-READY THROUGH DEVELOPING HIS CHARACTER AND HIS EMOTIONAL INTELLIGENCE, AS WELL AS HIS ACADEMIC, ARTISTIC, AND ATHLETIC TALENTS."THE HAVERFORD SCHOOL INCURS DIRECT INSTRUCTIONAL EXPENSES IN PRE-KINDERGARTEN THROUGH GRADE 12, ATHLETIC PROGRAMS, AND OTHER EXTRA-CURRICULAR ACTIVITY EXPENSES FOR APPROXIMATELY 1,000 STUDENTS.
PREPARING YOUNG MEN ACADEMICALLY FOR THE FUTURE IS UNDOUBTEDLY ONE OF THE MOST VALUABLE BENEFITS OF A HAVERFORD EDUCATION. BUT MORE IMPORTANTLY, WE GIVE BOYS A FOUNDATION OF SKILLS THEY NEED TO LEAD A FULFILLING AND MEANINGFUL LIFE. AS OUR STATEMENT OF VISION READS, "THE HAVERFORD FACULTY PREPARES EACH BOY TO BE FUTURE-READY THROUGH DEVELOPING HIS CHARACTER AND HIS EMOTIONAL INTELLIGENCE, AS WELL AS HIS ACADEMIC, ARTISTIC, AND ATHLETIC TALENTS."THE HAVERFORD SCHOOL INCURS DIRECT INSTRUCTIONAL EXPENSES IN PRE-KINDERGARTEN THROUGH GRADE 12, ATHLETIC PROGRAMS, AND OTHER EXTRA-CURRICULAR ACTIVITY EXPENSES FOR APPROXIMATELY 1,000 STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John A Nagl Headmaster | OfficerTrustee | 40 | $655,888 |
James Thorburn Assistant Headmaster | Officer | 40 | $298,879 |
David Gold Chief Financial Officer | Officer | 40 | $264,547 |
Jeffrey Day Dir. Of Development | Officer | 40 | $222,742 |
Brian Mcbride Associate Head For External Affairs | Officer | 40 | $214,681 |
James J Greytok Jr Head Of Middle School | Officer | 40 | $201,844 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Adams Bickel Assoc Llc Construction | 6/29/21 | $3,859,425 |
Sodexo Usa Food/facilities Mgt | 6/29/21 | $2,503,861 |
Watts Restoration Co Inc General Contractor/ Stone Restoration | 6/29/21 | $546,386 |
Allied Universal Security Services Security Personnel | 6/29/21 | $330,620 |
Carney Sandoe & Associates Talent Recruitment | 6/29/21 | $185,943 |
Adams Bickel Assoc Llc Construction | 6/29/21 | $3,859,425 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $50,843 |
| Related organizations | $0 |
| Government grants | $339,151 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,346,629 |
| Noncash contributions included in lines 1a–1f | $564,833 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,736,623 |
| Total Program Service Revenue | $35,590,064 |
| Investment income | $1,647,066 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$19,076 |
| Net Gain/Loss on Asset Sales | $19,786,694 |
| Net Income from Fundraising Events | $186,249 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $63,658,264 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $8,950,233 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $2,933,741 |
| Compensation of current officers, directors, key employees. | $1,422,018 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $13,204,808 |
| Pension plan accruals and contributions | $1,175,433 |
| Other employee benefits | $2,961,924 |
| Payroll taxes | $1,085,369 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $106,825 |
| Fees for services: Accounting | $77,564 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $522,410 |
| Fees for services: Other | $2,191,995 |
| Advertising and promotion | $75,998 |
| Office expenses | $1,500,814 |
| Information technology | $329,058 |
| Royalties | $0 |
| Occupancy | $2,428,994 |
| Travel | $54,930 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $32,329 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,576,900 |
| Insurance | $213,642 |
| All other expenses | $233,630 |
| Total functional expenses | $42,541,373 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $25,836 |
| Savings and temporary cash investments | $4,373,436 |
| Pledges and grants receivable | $3,577,716 |
| Accounts receivable, net | $2,359 |
| 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 | $1,249,715 |
| Net Land, buildings, and equipment | $80,956,424 |
| Investments—publicly traded securities | $92,970,118 |
| Investments—other securities | $16,222,340 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $829,592 |
| Total assets | $200,207,536 |
| Accounts payable and accrued expenses | $2,478,374 |
| Grants payable | $0 |
| Deferred revenue | $4,944,299 |
| Tax-exempt bond liabilities | $30,969,548 |
| 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 | $347,222 |
| Other liabilities | $191,012 |
| Total liabilities | $38,930,455 |
| Net assets without donor restrictions | $123,101,882 |
| Net assets with donor restrictions | $38,175,199 |
| 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 | $200,207,536 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Haverford School has recieved totaling $250.
| Awarding Organization | Amount |
|---|---|
Gannett Foundations Inc Mclean, VA PURPOSE: CHARITABLE PURPOSE | $250 |
Endowment Analysis
| Beg. Balance | $86,416,352 |
| Earnings | $22,008,899 |
| Admin Expense | $421,489 |
| Net Contributions | $1,188,696 |
| Ending Balance | $109,192,458 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Archway Charter School Of Chester Inc Chester, PA | $43,430,171 | $101,905,393 |
Democracy Prep New York Charter Schools Bronx, NY | $67,527,043 | $86,404,779 |
Grace Church School New York, NY | $124,238,513 | $52,477,666 |
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 |