Shipley School
- Assets
- $101.4m
- Revenue
- $39.0m
- Investments
- $4.7m
- Employees
- 323
- Location
- Bryn Mawr, PA
- Founding
- 10/1946
- Data as of
- 06/2022
- EIN
- 23-1352677
Organization Overview
Shipley School is located in Bryn Mawr, PA. The organization was established in 1946. 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, Shipley School employed 323 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Shipley 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, Shipley School generated $39.0m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.4% each year. All expenses for the organization totaled $38.3m during the year ending 06/2022. While expenses have increased by 0.7% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE SHIPLEY SCHOOL IS A PRE-KINDERGARTEN THROUGH 12 COEDUCATIONAL DAY SCHOOL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE SHIPLEY SCHOOL PROVIDES A PRIVATE SCHOOL EDUCATION TO STUDENTS RANGING FROM PRE-KINDERGARTEN TO GRADE 12. THERE WERE 784 STUDENTS ENROLLED AT THE SCHOOL DURING THE 2022-2023 ACADEMIC YEAR. THE SCHOOL IS ACCREDITED BY THE PENNSYLVANIA ASSOCIATION OF INDEPENDENT SCHOOLS AND THE MIDDLE STATES ASSOCIATION OF COLLEGES AND SCHOOLS. THE SHIPLEY EXPERIENCE EXTENDS BEYOND THE CLASSROOM AS SHIPLEY SPORTS TEAMS HAVE WON 34 LEAGUE CHAMPIONSHIPS IN THE LAST FIVE YEARS. IN ADDITION, SHIPLEY STUDENTS HAVE MADE AN IMPACT ON THE COMMUNITY AS ALL SHIPLEY STUDENTS PARTICIPATE IN SERVICE LEARNING PROJECTS THROUGHOUT THE ACADEMIC YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Colin Kelton Chair | OfficerTrustee | 0.8 | $0 |
Antonette Dulay-Tiongco Vice Chair | OfficerTrustee | 0.8 | $0 |
Neal Regino Treasurer | OfficerTrustee | 0.8 | $0 |
Brooksley Wylie Trustee Ermeritus | Trustee | 0.8 | $0 |
Adam Spector Trustee Ermeritus | Trustee | 0.8 | $0 |
James Jennings Trustee Ermeritus | Trustee | 0.8 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Sage Dining Services Inc Student Dining Services | 6/29/23 | $915,528 |
Jordahl Engineering & Mechanical Llc Engineering Services | 6/29/23 | $1,225,733 |
American Services Corporation Janitorial Services | 6/29/23 | $722,821 |
Apple Inc Technology | 6/29/23 | $160,707 |
Eamon O'hara Construction Inc Repairs | 6/29/23 | $140,645 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,118,666 |
| Investment income | $2,111,672 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $36,609 |
| Net Gain/Loss on Asset Sales | $325,115 |
| Net Income from Fundraising Events | -$100,453 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $38,978,948 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $7,743,573 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $913,956 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $13,488,711 |
| Pension plan accruals and contributions | $729,778 |
| Other employee benefits | $1,623,049 |
| Payroll taxes | $1,086,594 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $92,087 |
| Fees for services: Accounting | $25,022 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $145 |
| Fees for services: Other | $91,564 |
| Advertising and promotion | $0 |
| Office expenses | $393,256 |
| Information technology | $650,127 |
| Royalties | $0 |
| Occupancy | $1,386,899 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $618,253 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,106,585 |
| Insurance | $308,382 |
| All other expenses | $0 |
| Total functional expenses | $38,274,591 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,566,913 |
| Savings and temporary cash investments | $12,666,807 |
| Pledges and grants receivable | $1,450,879 |
| Accounts receivable, net | $0 |
| 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 | $130,706 |
| Investments—publicly traded securities | $36,366,160 |
| Investments—other securities | $4,722,418 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $709,148 |
| Total assets | $101,398,997 |
| Accounts payable and accrued expenses | $1,610,377 |
| Grants payable | $0 |
| Deferred revenue | $2,276,545 |
| 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 | $19,627,894 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,741,417 |
| Total liabilities | $25,256,233 |
| Net assets without donor restrictions | $48,263,982 |
| Net assets with donor restrictions | $27,878,782 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $76,142,764 |