Phelps School
- Assets
- $14.6m
- Revenue
- $3.3m
- Investments
- $0.0
- Employees
- 55
- Location
- Malvern, PA
- Founding
- 08/1948
- Data as of
- 06/2022
- EIN
- 23-1365964
Organization Overview
Phelps School is located in Malvern, PA. The organization was established in 1948. According to its NTEE Classification (B25) the organization is classified as: Secondary & High Schools, under the broad grouping of Education and related organizations. As of 06/2022, Phelps School employed 55 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Phelps 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, Phelps School generated $3.3m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.8%) each year. All expenses for the organization totaled $3.5m during the year ending 06/2022. 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 PHELPS SCHOOL IS DEDICATED TO A PERSONALIZED EDUCATION FOR THE BOY WHO SEEKS SUCCESS ACADEMICALLY, PERSONALLY, AND SOCIALLY. OUR FIRST OBLIGATION IS TO CREATE A CARING, SENSITIVE CLIMATE WHICH EMPHASIZES THE POSITIVE IN EVERY SITUATION. THE STUDENT'S EDUCATIONAL PROGRAM IS PLANNED IN TERMS OF HIS INDIVIDUAL CAPACITY, ABILITY, NEEDS AND INTERESTS. THIS PHILOSOPHY OF DEDICATION TO THE TOTAL DEVELOPMENT OF EACH BOY IS ACCENTUATED BY THE DISCIPLINED ATMOSPHERE, SMALL CLASSES, AND DAILY TUTORIAL SUPPORT. THE ENVIRONMENT IS CONSISTENT, SUPPORTIVE, STRUCTURED AND COMBINED WITH CHALLENGE, CARE AND HONESTY. THE PHELPS SCHOOL IS CONCERNED WITH EMPHASIZING THE ARTICULATION AND INCULCATION OF PERSONAL MORAL VALUES AS AN IMPORTANT PART OF OUR MISSION; EDUCATING THE HEART AS WELL AS THE MIND AND BODY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
INDIVIDUAL INSTRUCTION AND A STRUCTURED ENVIRONMENT FOR APPROXIMATELY 100 STUDENTS IN GRADES 6-12, WITH RELATED ATHLETIC AND OTHER EXTRA-CURRICULAR PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sandra Stotz Trustee/comp | Trustee | 45 | $82,781 |
Norman T Phelps Board Chair | OfficerTrustee | 20 | $79,106 |
Stephany Phelps Fahey President | OfficerTrustee | 45 | $78,000 |
Gerald Fahey Treasurer | OfficerTrustee | 5 | $0 |
Andrew Wilmerding Secretary | OfficerTrustee | 2 | $0 |
Lyle Bliss Trustee | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $605,943 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $605,943 |
| Total Program Service Revenue | $2,429,178 |
| Investment income | $82,342 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $149,870 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,266,917 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,815,242 |
| Pension plan accruals and contributions | $9,218 |
| Other employee benefits | $112,732 |
| Payroll taxes | $149,631 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $5,950 |
| Fees for services: Accounting | $17,185 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $20,089 |
| Advertising and promotion | $0 |
| Office expenses | $15,088 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $12,000 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,246 |
| Interest | $46,617 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $224,108 |
| Insurance | $89,363 |
| All other expenses | $334,051 |
| Total functional expenses | $3,488,327 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,500 |
| Savings and temporary cash investments | $2,072,370 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $55,076 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $89,516 |
| Prepaid expenses and deferred charges | $100,793 |
| Net Land, buildings, and equipment | $10,699,868 |
| Investments—publicly traded securities | $1,442,793 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $91,830 |
| Other assets | $25,584 |
| Total assets | $14,579,330 |
| Accounts payable and accrued expenses | $249,876 |
| Grants payable | $0 |
| Deferred revenue | $444,917 |
| Tax-exempt bond liabilities | $5,427,551 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $60,920 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $10,534 |
| Other liabilities | $496,366 |
| Total liabilities | $6,690,164 |
| Net assets without donor restrictions | $7,889,166 |
| Net assets with donor restrictions | $0 |
| 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 | $14,579,330 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Phelps School has recieved totaling $51,266.
| Awarding Organization | Amount |
|---|---|
Trevor Noah Foundation Sherman Oaks, CA PURPOSE: EDUCATIONAL PROGRAMS | $50,000 |
Silverback Educational Foundation For The Arts Dance And Athletics Newtown Square, PA PURPOSE: EDUCATIONAL SUPPORT | $1,000 |
Jean R D And Betty Rae Hecht Charitable Foundation Inc Toms River, NJ PURPOSE: TO CARRY OUT CHARITABLE PURPOSE OF THE FOUNDATION | $200 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $66 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Wellington School Columbus, OH | $38,979,520 | $21,884,199 |
Yeshiva University High Schools New York, NY | $22,674,721 | $20,464,649 |
Community Academy Of Philadelphia A Pennylvania Charter School Philadelphia, PA | $18,600,792 | $22,292,096 |
Cristo Rey Philadelphia High School Philadelphia, PA | $44,344,879 | $19,011,850 |
The Seed School Of Maryland Inc Baltimore, MD | $46,101,801 | $18,646,195 |
Valley Forge Military Academy Foundation Wayne, PA | $40,487,283 | $14,074,781 |
Jack M Barrack Hebrew Academy Bryn Mawr, PA | $28,446,825 | $17,100,040 |
Antioch College Corporation Yellow Springs, OH | $62,390,988 | $12,472,069 |
Linsly School Incorporated Wheeling, WV | $48,098,120 | $15,151,725 |
Dohn Community High School Cincinnati, OH | $3,470,956 | $16,370,625 |
Keio Academy Of New York Purchase, NY | $60,256,729 | $12,685,966 |
Glen Mills Schools Concordville, PA | $72,581,010 | $5,135,685 |