Tower Hill School is located in Wilmington, DE. The organization was established in 1957. 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 06/2022, Tower Hill School employed 274 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tower Hill 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, Tower Hill School generated $33.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.8% each year. All expenses for the organization totaled $28.8m during the year ending 06/2022. While expenses have increased by 3.8% per year over the past 7 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
TOWER HILL SCHOOL IS A CO-EDUCATIONAL SCHOOL FOR STUDENTS 3 YEARS OLD THROUGH GRADE 12.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATIONAL PROGRAMS - TOWER HILL IS A CO-EDUCATIONAL INDEPENDENT SCHOOL WITH 851 STUDENTS FROM 3 YEARS OLD THROUGH GRADE 12 IN 2021-2022 (286 LOWER SCHOOL, 235 MIDDLE SCHOOL, 330 UPPER SCHOOL). THE SCHOOL PROVIDES AN ENRICHED AND CHALLENGING COLLEGE PREPARATORY PROGRAM IN WHICH EACH STUDENT'S ABILITIES AND TALENTS ARE RECOGNIZED AND RESPECTED. THE PROGRAM OFFERS A PERSONALIZED AND INNOVATIVE APPROACH, BUILT ON A STRONG TRADITIONAL FOUNDATION WITHIN A WELCOMING AND INCLUSIVE COMMUNITY. TOWER HILL GRADUATED 83 STUDENTS IN THE CLASS OF 2022. MEMBERS OF THIS CLASS ARE ATTENDING AMERICAN UNIVERSITY, BERKLEE COLLEGE OF MUSIC, BOSTON UNIVERSITY, BUCKNELL UNIVERSITY, CABRINI UNIVERSITY, CARNEGIE MELLON UNIVERSITY, CASE WESTERN RESERVE UNIVERSITY, CLARK ATLANTA UNIVERSITY, COLBY COLLEGE, CORNELL UNIVERSITY, DARTMOUTH COLLEGE, DREXEL UNIVERSITY, DUKE UNIVERSITY, ELON UNIVERSITY, EMORY UNIVERSITY, FLORIDA STATE UNIVERSITY, GEORGE WASHINGTON UNIVERSITY, GEORGETOWN UNIVERSITY, GETTYSBURG COLLEGE, HAVERFORD COLLEGE, HOWARD UNIVERSITY, JAMES MADISON UNIVERSITY, JOHNS HOPKINS UNIVERSITY, MIDDLEBURY COLLEGE, NEW YORK UNIVERSITY, NORTHWESTERN UNIVERSITY, OBERLIN COLLEGE, RENSSALEAR POLYTECHNIC INSTITUTE, ROCHESTER INSTITUTE OF TECHNOLOGY, ROLLINS COLLEGE, RUTGERS UNIVERSITY, SARAH LAWRENCE COLLEGE, SEWANEE: THE UNIVERSITY OF THE SOUTH, SOUTHERN METHODIST UNIVERSITY, SWARTHMORE COLLEGE, SYRACUSE UNIVERSITY, TEMPLE UNIVERSITY, THE COLLEGE OF SAINT ROSE, THE PENNSYLVANIA STATE UNIVERSITY (UNIVERSITY PARK), THE UNIVERSITY OF TAMPA, THE UNIVERSITY OF TEXAS AT AUSTIN, TUFTS UNIVERSITY, UNIVERSITY OF CAMBRIDGE, UNIVERSITY OF DELAWARE, UNIVERSITY OF LOUISVILLE, UNIVERSITY OF MINNESOTA, UNIVERSITY OF NORTH CAROLINA AT CHAPEL HILL, UNIVERSITY OF NOTRE DAME, UNIVERSITY OF PITTSBURGH, VANDERBILT UNIVERSITY, VIRGINIA POLYTECHNIC INSTITUTE AND STATE UNIVERSITY, WAKE FOREST UNIVERSITY, WASHINGTON & LEE UNIVERSITY, WASHINGTON COLLEGE AND WOFFORD COLLEGE, AMONG OTHERS.
AFTER SCHOOL PROGRAM - THE KALEIDOSCOPE AFTER SCHOOL PROGRAM SERVES STUDENTS AGE 3 THROUGH 6 EVERY SCHOOL DAY FROM 2:45 TO 6:00PM. THIS PROGRAM PROVIDES A CONTINUATION OF THE ATTENTION AND GUIDANCE THEY RECEIVE IN TOWER HILL'S CLASSROOMS, BUT IN A MORE HOME-LIKE SETTING. SUPERVISED HOMEWORK TIME, INSIDE PLAY, OUTDOOR SPORTS AND AGE-APPROPRIATE ACTIVITIES GIVE STUDENT THE CHANCE TO FULFILL THEIR RESPONSIBILITIES AND GIVE THEIR IMAGINATIONS A WORKOUT TOO. ENRICHMENT OFFERING INCLUDE PROGRAMS SUCH AS CHINESE, DRAMA, CHESS, SEWING, GOLF, KARATE, DANCE, SOCCER AND TENNIS, AMONG OTHERS.
SUMMER CAMP PROGRAM -SUMMER AT TOWER HILL PROVIDES EXCITING ACADEMIC AND ENRICHMENT ACTIVITIES, PLUS A FULL RANGE OF ATHLETIC CAMPS IN DIFFERENT AGE GROUPS. DAY CAMP PROVIDES WEEKLY THEMES WITH SPECIAL GUESTS AND/OR FIELD TRIPS, SWIMMING OR WATER PLAY. ENRICHMENT CAMPS BROADEN CHILDREN'S ARTISTIC AND ACADEMIC HORIZONS IN NEW WAYS. SPORTS CAMPS ARE RUN BY TOWER HILL COACHES AND OUTSIDE PARTNER ORGANIZATIONS FOR BUDDING ATHLETES. SUMMER AT TOWER HILL ALSO INTRODUCES PROSPECTIVE STUDENT TO TOWER HILL'S EXPANSIVE FACILITIES.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Dr Eric Johnson Chair | OfficerTrustee | 2 | $0 |
Ben Du Pont Vice Chair | OfficerTrustee | 2 | $0 |
John M Flynn Secretary | OfficerTrustee | 2 | $0 |
Marna Whittington Treasurer | OfficerTrustee | 2 | $0 |
Suzanne Ashley Trustee | Trustee | 2 | $0 |
Kimberly Cassidy Trustee | Trustee | 2 | $0 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Sage Dining Services Inc Food Service | 6/29/22 | $935,564 |
First Choice Cleaning Services Cleaning Service | 6/29/22 | $376,355 |
Wilcox Landscaping Landscaping Services & Snow Removal | 6/29/22 | $328,992 |
Breakwater Accounting & Advisory Corp Accounting Services | 6/29/22 | $242,023 |
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 | $2,358,199 |
Noncash contributions included in lines 1a–1f | $259,308 |
Total Revenue from Contributions, Gifts, Grants & Similar | $2,358,199 |
Total Program Service Revenue | $25,625,860 |
Investment income | $2,610,000 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $2,975,270 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $33,725,781 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $0 |
Grants and other assistance to domestic individuals. | $5,500,838 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $850,353 |
Compensation of current officers, directors, key employees. | $850,353 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $11,530,354 |
Pension plan accruals and contributions | $715,974 |
Other employee benefits | $1,837,579 |
Payroll taxes | $864,503 |
Fees for services: Management | $0 |
Fees for services: Legal | $60,456 |
Fees for services: Accounting | $254,422 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $1,351,914 |
Advertising and promotion | $138,857 |
Office expenses | $0 |
Information technology | $481,266 |
Royalties | $0 |
Occupancy | $1,511,723 |
Travel | $461,509 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $269,811 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $1,662,340 |
Insurance | $0 |
All other expenses | $0 |
Total functional expenses | $28,787,692 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $5,909,871 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $2,824,055 |
Accounts receivable, net | $179,294 |
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 | $133,794 |
Net Land, buildings, and equipment | $37,600,024 |
Investments—publicly traded securities | $31,942,930 |
Investments—other securities | $25,656,995 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $2,691,853 |
Total assets | $106,938,816 |
Accounts payable and accrued expenses | $714,639 |
Grants payable | $0 |
Deferred revenue | $6,669,337 |
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 | $0 |
Unsecured mortgages and notes payable | $8,699,878 |
Other liabilities | $0 |
Total liabilities | $16,083,854 |
Net assets without donor restrictions | $43,185,890 |
Net assets with donor restrictions | $47,669,072 |
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 | $106,938,816 |