Marvelwood Preparatory School FY2021 filing

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Marvelwood is a boarding School providing college-Preparatory education to approx. 100 students.

501(c)(3) charity; gifts are tax-deductible.
80¢ of each $1 spent went to programs.
$232K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 6
filings with a surplus
Average surplus $302K a year · 3% of revenue · last 6 filings
Fine: a surplus in 4 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
80%
of spending
Looks good: 80% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$232K
to officers and key staff · 3% of spending
Looks good: pay to officers and key staff is 3% of spending; 15% or less.
Pt VII · Sec A
4 mo
of spending, in cash
Plus $5.9M in investments, Pt X · Ln 11–13
Looks good: 3.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $8K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$8.3M
47% of total assets
Looks good: liabilities are 47% of assets; 50% or less.
Pt X · Ln 26
Independent board members
17
of 17 voting members
Looks good: 17 of 17 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$9.4M
+8% vs prior year
Spent
$8.9M
To programs
80%
Net assets
$9.5M
By yearFY2020–FY2025
Revenue
$9.4M
FY2021▲ +8%
Tap a bar for its year
Revenue by fiscal year
FY2020$8.7M
FY2021$9.4M
FY2022$9.6M
FY2023$9.5M
FY2024$11.4M
FY2025$10.2M
Expenses
$8.9M
FY2021▼ -5%
Tap a bar for its year
Expenses by fiscal year
FY2020$9.3M
FY2021$8.9M
FY2022$9.2M
FY2023$9.2M
FY2024$10.0M
FY2025$10.3M
Net assets
$9.5M
FY2021▲ +17%
Tap a bar for its year
Net assets by fiscal year
FY2020$8.1M
FY2021$9.5M
FY2022$8.9M
FY2023$9.3M
FY2024$11.3M
FY2025$11.8M

From the FY2021 Form 990 (year ending June 2021) · figures checked against the IRS filing · see the original

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You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Oct 1959.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

80 cents of each dollar spent went to programs.

Program services 80% · $7.1M Management & general 17% · $1.5M Fundraising 3% · $286K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

18 people listed on the 990; $232K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
Head of School
$121,312Pt VII · Sec A
Chief Financial Officer
$110,538Pt VII · Sec A
Treasurer, Finance Chair
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A

David Fiorillo’s $217K as Chief Financial Officer is at the 43rd percentile of top reported officer pay among 3683 $10–100M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 3 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
David Fiorillo$216,859$238,703$181,000—$110,538—
Blythe Everett$190,409$178,270$156,000$149,554$121,312$103,208
Richard Becker—————$126,709

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Marvelwood Preparatory School executive salaries →

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Educates approximately 100 students with a college-preparatory boarding school program.

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1 program · $7.1M · in their own filed words · FY2020
01

Marvelwood provides secondary school education to approximately 100, primarily boarding, students. Nonacademic programs include weekly community service, visual and performing arts electives and interscholastic and noncompetitive sports.

$7.1Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 2 funders$8K
Grants paid · 6 grants · $9.3M · 2019–2024
Unitemized GrantFY2024$1,399,591
Unitemized GrantFY2023$1,328,600
Unitemized GrantFY2022$1,458,682
Unitemized GrantFY2021$1,685,398
Unitemized GrantFY2020$1,902,209
Unitemized GrantFY2019$1,517,715

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$9.4M
Ln 12
Fees for servicesLn 2g$6.1M
Gifts and grantsLn 1h$3.1M
Investment incomeLn 3$144K
Money outPt IX
$8.9M
Ln 25
Programscol B$7.1M
Managementcol C$1.5M
Fundraisingcol D$286K
Owns and owesPt X
$9.5M
net assets · Ln 32
Cash and savingsLn 1–2$2.7M
Total assetsLn 16$17.7M
LiabilitiesLn 26$8.3M
PeoplePt VI, VII
18
listed · VII A
PaidVII A2
Voting boardVI 1a17
IndependentVI 1b17
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$3.1M
Government grantsLn 1e$697K
Noncash giftsLn 1g$2.0M
Fees for servicesLn 2g$6.1M
Investment incomeLn 3$144K
Other incomeLn 4–11$47K
Gains on assetsLn 7$21K
Total revenueLn 12$9.4M
Assets in detailPt X, end of year
SavingsLn 2$2.7M
Cash and savings togetherLn 1–2$2.7M
InvestmentsLn 11–13$5.9M
Land, buildings, equipmentLn 10c$8.6M
Other assetsLn 15$445K
Total assetsLn 16$17.7M
LiabilitiesLn 26$8.3M
Net assetsLn 32$9.5M
OperationsPt I, VI
EmployeesI 571
VolunteersI 6150
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3More from this return
BondsSch K, Pt X
Bond issues listedSch K Pt I1
Raised by those issuesSch K Pt I$6.3M
Abroad and in kindSch F, M
Noncash gifts receivedSch M Pt I$2.0M
EndowmentSch D · Pt V
LineFY21FY20FY19FY18FY17
End of yearLn 1g$6.3M$4.4M$3.7M$2.8M$2.9M
Given inLn 1b$950K$1.8M$1.6M$72K
SpentLn 1d–1f$0$1.2M$850K$250K$72K
4Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$2.1M$2.7M
InvestmentsLn 11–13$4.0M$5.9M
Land, buildings, equipmentLn 10c$9.8M$8.6M
Total assetsLn 16$16.5M$17.7M
LiabilitiesLn 26$8.4M$8.3M
Net assetsLn 32$8.1M$9.5M
5Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$1.9M$1.9M
Pay of current officers, directors and key staffLn 5$155K$155K
Other salaries and wagesLn 7$2.1M$1.6M$372K$132K
Pension plan contributionsLn 8$43K$28K$11K$4K
Other employee benefitsLn 9$271K$197K$59K$14K
Payroll taxesLn 10$185K$139K$37K$10K
Legal feesLn 11b$14K$14K
Accounting feesLn 11c$39K$39K
Investment management feesLn 11f$28K$28K
Other fees for servicesLn 11g$202K$24K$155K$22K
Advertising and promotionLn 12$105K$105K
Office expensesLn 13$102K$31K$64K$6K
Information technologyLn 14$325K$248K$62K$16K
OccupancyLn 16$1.2M$1.1M$120K$24K
TravelLn 17$34K$29K$4K$974
InterestLn 20$242K$213K$24K$5K
Depreciation, depletion and amortizationLn 22$793K$698K$79K$16K
InsuranceLn 23$194K$181K$11K$2K
Other expenses (24a–d)Ln 24$779K$710K$58K$12K
All other expensesLn 24e$192K$90K$79K$24K
Total functional expensesLn 25$8.9M$7.1M$1.5M$286K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled with the IRS Feb 6, 2026 $10.2M$10.3M−$131K$11.8M 990 PDF
FY2024Filed with the IRS Jan 28, 2025 $11.4M$10.0M$1.4M$11.3M 990 PDF
FY2023Filed with the IRS Nov 10, 2023 $9.5M$9.2M$277K$9.3M 990 PDF
FY2022Filed with the IRS Jan 16, 2023 $9.6M$9.2M$352K$8.9M 990 PDF
FY2021 ViewingFiled with the IRS Dec 6, 2021 $9.4M$8.9M$542K$9.5M 990 PDF
FY2020Filed with the IRS Feb 8, 2021 $8.7M$9.3M−$591K$8.1M 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support M · Noncash O · Explanations
See the full FY2021 990 (6 parts)
Part I · Summary $9,424,869 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $2,324,408$3,122,452
I-9 Program service revenuePrior year $6,273,320$6,111,261
I-10 Investment incomePrior year $110,325$143,787
I-11 Other revenuePrior year $22,379$47,369
I-12 Total revenuePrior year $8,730,432$9,424,869
I-13 Grants and similar amounts paidPrior year $1,517,715$1,902,209
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $3,222,764$2,729,478
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $4,580,551$4,251,142
I-18 Total expensesPrior year $9,321,030$8,882,829
I-19 Revenue less expensesPrior year −$590,598$542,040
Part VI · Governance 17 of 17 board members independent, no flags
VI-1a Voting members of the governing body17
VI-1b Independent voting members17
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $9,424,869 across 9 lines filed
Lines not itemized here account for $418 of total revenue; see the IRS return.
VIII-1e Government grants$697,049
VIII-1f All other contributions, gifts and grants$2,425,403
VIII-1g Noncash contributions (included above)$2,003,939
VIII-1h Total contributions, gifts and grants$3,122,452
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $6,111,261$6,111,261
VIII-3 Investment incomeExcluded from tax $123,057$123,057
VIII-7 Net gain or loss on sales of assetsRelated to mission $37,285 · Excluded from tax −$16,555$20,730
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $46,951$46,951
VIII-12 Total revenueRelated to mission $6,195,915 · Unrelated business $0 · Excluded from tax $106,502$9,424,869
Part IX · Statement of functional expenses $8,882,829 across 20 lines filed
IX-2 Grants to domestic individualsPrograms $1,902,209$1,902,209
IX-5 Pay of current officers, directors and key staffManagement $154,900$154,900
IX-7 Other salaries and wagesPrograms $1,572,387 · Management $371,857 · Fundraising $131,536$2,075,780
IX-8 Pension plan contributionsPrograms $27,910 · Management $11,031 · Fundraising $3,727$42,668
IX-9 Other employee benefitsPrograms $197,193 · Management $59,007 · Fundraising $14,434$270,634
IX-10 Payroll taxesPrograms $138,517 · Management $37,099 · Fundraising $9,880$185,496
IX-11b Legal feesManagement $14,117$14,117
IX-11c Accounting feesManagement $39,000$39,000
IX-11f Investment management feesManagement $28,191$28,191
IX-11g Other fees for servicesPrograms $24,304 · Management $155,270 · Fundraising $21,931$201,505
IX-12 Advertising and promotionManagement $105,182$105,182
IX-13 Office expensesPrograms $31,065 · Management $64,419 · Fundraising $6,017$101,501
IX-14 Information technologyPrograms $247,739 · Management $61,575 · Fundraising $15,750$325,064
IX-16 OccupancyPrograms $1,057,364 · Management $120,155 · Fundraising $24,031$1,201,550
IX-17 TravelPrograms $28,894 · Management $4,461 · Fundraising $974$34,329
IX-20 InterestPrograms $212,960 · Management $24,046 · Fundraising $4,809$241,815
IX-22 Depreciation, depletion and amortizationPrograms $697,875 · Management $79,304 · Fundraising $15,861$793,040
IX-23 InsurancePrograms $180,523 · Management $11,456 · Fundraising $2,291$194,270
IX-24 Other expenses (24a–d)Programs $710,105 · Management $57,615 · Fundraising $11,506$779,226
IX-24e All other expensesPrograms $89,717 · Management $78,945 · Fundraising $23,690$192,352
IX-25 Total functional expensesPrograms $7,118,762 · Management $1,477,630 · Fundraising $286,437$8,882,829
Part X · Balance sheet $17,733,307 assets, 15 lines filed
X-2 Savings and temporary cash investmentsStart of year $2,127,064$2,670,381
X-4 Accounts receivableStart of year $37,417$87,353
X-9 Prepaid expenses and deferred chargesStart of year $49,405$18,465
X-10c Land, buildings and equipment, netStart of year $9,813,673$8,626,771
X-11 Publicly traded securitiesStart of year $3,982,999$5,884,954
X-15 Other assetsStart of year $448,815$445,383
X-16 Total assetsStart of year $16,459,373$17,733,307
X-17 Accounts payable and accrued expensesStart of year $144,629$260,160
X-19 Deferred revenueStart of year $1,596,870$1,602,551
X-25 Other liabilitiesStart of year $105,686$192,723
X-26 Total liabilitiesStart of year $8,384,099$8,250,687
X-27 Net assets without donor restrictionsStart of year $1,669,701$3,075,326
X-28 Net assets with donor restrictionsStart of year $6,405,573$6,407,294
X-32 Total net assets or fund balancesStart of year $8,075,274$9,482,620
X-33 Total liabilities and net assetsStart of year $16,459,373$17,733,307
Part XI · Reconciliation of net assets $9,482,620 net assets at year end
XI-1 Total revenue$9,424,869
XI-2 Total expenses$8,882,829
XI-3 Revenue less expenses$542,040
XI-4 Net assets at start of year$8,075,274
XI-5 Net unrealized gains (losses) on investments$858,560
XI-9 Other changes in net assets$6,746
XI-10 Net assets at end of year$9,482,620

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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