Elisabeth Morrow School: Nonprofit Profile, Financials & Form 990 (EIN 22-1487171)

Revenue by fiscal year
FY2020	$19.0M
FY2021	$20.3M
FY2022	$19.6M
FY2023	$18.8M
FY2024	$20.3M
FY2025	$20.8M

Expenses by fiscal year
FY2020	$19.1M
FY2021	$19.7M
FY2022	$18.9M
FY2023	$19.8M
FY2024	$20.1M
FY2025	$20.9M

Net assets by fiscal year
FY2020	$35.7M
FY2021	$40.0M
FY2022	$38.6M
FY2023	$39.3M
FY2024	$42.0M
FY2025	$44.1M

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Nov 1936.

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

Where the money goes

78 cents of each dollar spent went to programs.

78%

19%

Program services 78% · $16.3M Management & general 19% · $3.9M Fundraising 3% · $692K

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

Something off? Claim to add context

Who runs it and what they're paid

23 people listed on the 990; $1.9M paid to officers and key staff (Part VII, Section A).

Part VII, Section A · reportable compensation

Marek Beck

Head of School

$396,966Pt VII · Sec A

Amelia Gold Associate Head

Of School & Arts Dept. Chair

$292,031Pt VII · Sec A

Mike Virzi Chief

Operating Officer Thru Dec 2024

$246,196Pt VII · Sec A

Jed Silverstein Middle School

Head & Dir. of Secondary Placement

$241,692Pt VII · Sec A

Hanita Walia Director of

Institutional Advancement

$241,121Pt VII · Sec A

James Kanal

Assistant Dir. of the Arts

$183,243Pt VII · Sec A

K Pernia

Director of Human Resources

$152,892Pt VII · Sec A

Melanie Reich

Controller

$141,841Pt VII · Sec A

Marek Beck’s $397K as Head of School is at the 80th 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 · 8 named individuals · Part VII

Name	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020
Marek Beck	$396,966	$363,900	$327,247	$263,762	—	—
Maureen Fonseca	—	—	$175,000	$346,941	$351,143	—
Amelia Gold Associate Head	$292,031	$251,044	—	—	—	—
Mike Virzi Chief	$246,196	—	—	—	—	—
Jed Silverstein Middle School	$241,692	$200,363	—	—	—	—
Hanita Walia Director of	$241,121	$214,046	—	—	—	—
Edward Pinger	—	—	$235,965	$234,780	—	—
Lauren Bedell Former	—	—	—	—	$229,319	—

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 Elisabeth Morrow 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 children from ages 2 to 8th grade with challenging academic programs.

Questions for Elisabeth Morrow School

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1 program · $16.3M · in their own filed words · FY2024

01

The organization operates a private primary school program for grades preschool through grade eight.

Form 990 Part III, line 4, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 22-1487171) · Dispute this line

$16.3Mprogram 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 · FY2025

Elisabeth Reeve Morrow Morgan FoundationFY2025$200K

Sharon and Lewis Korman FoundationFY2025$500

Total grants receivedfrom 2 funders$200K

Grants paid · 6 grants · $15.2M · 2019–2024

Unitemized GrantFY2024$2,453,449

Unitemized GrantFY2023$2,317,815

Unitemized GrantFY2022$2,235,269

Unitemized GrantFY2021$2,190,831

Unitemized GrantFY2020$3,064,258

Unitemized GrantFY2019$2,961,839

By the numbers

The FY2025 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$20.8M

Ln 12

Fees for servicesLn 2g$19.3M

Gifts and grantsLn 1h$1.2M

Investment incomeLn 3$189K

Money outPt IX

$20.9M

Ln 25

Programscol B$16.3M

Managementcol C$3.9M

Fundraisingcol D$692K

Owns and owesPt X

$44.1M

net assets · Ln 32

Cash and savingsLn 1–2$7.5M

Total assetsLn 16$53.3M

LiabilitiesLn 26$9.1M

PeoplePt VI, VII

23

listed · VII A

PaidVII A8

Voting boardVI 1a15

IndependentVI 1b15

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$1.2M

Government grantsLn 1e$26K

Noncash giftsLn 1g$182K

Fundraising eventsLn 1c$336K

Fees for servicesLn 2g$19.3M

Investment incomeLn 3$189K

Other incomeLn 4–11$44K

Total revenueLn 12$20.8M

Assets in detailPt X, end of year

CashLn 1$3.4M

SavingsLn 2$4.1M

Cash and savings togetherLn 1–2$7.5M

Pledges and grants receivableLn 3$42K

Accounts receivableLn 4$91K

Prepaid expenses and deferred chargesLn 9$223K

Land, buildings, equipmentLn 10c$21.3M

InvestmentsLn 11–13$19.7M

Other assetsLn 15$4.4M

Total assetsLn 16$53.3M

LiabilitiesLn 26$9.1M

Net assetsLn 32$44.1M

OperationsPt I, VI

EmployeesI 5211

VolunteersI 6172

Fiscal year endsHeaderJune

Conflict-of-interest policyVI 12aYes

Whistleblower policyVI 13No

Records policyVI 14Yes

3More from this return

Abroad and in kindSch F, M

Noncash gifts receivedSch M Pt I$182K

EndowmentSch D · Pt V

Line	FY25	FY24	FY23	FY22	FY21
End of yearLn 1g	$19.7M	$18.2M	$16.6M	$15.6M	$11.7M
AddedLn 1b	$11K	$7K	$109K	$3K	$10K
SpentLn 1d–1f	$846K	$834K	$831K	$769K	$373K

4Year over year

Balance sheet, start vs end of yearPt X · col A, B

Line	Start FY25	End FY25
Cash and savingsLn 1–2	$6.8M	$7.5M
InvestmentsLn 11–13	$18.2M	$19.7M
Land, buildings, equipmentLn 10c	$21.0M	$21.3M
Total assetsLn 16	$50.5M	$53.3M
LiabilitiesLn 26	$8.5M	$9.1M
Net assetsLn 32	$42.0M	$44.1M

5Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Grants to domestic individualsLn 2	$2.5M	$2.5M
Pay of officers and key staff (Part IX, line 5)Ln 5	$992K	$392K	$557K	$43K
Other salaries and wagesLn 7	$10.2M	$8.2M	$1.6M	$396K
Pension plan contributionsLn 8	$538K	$429K	$88K	$21K
Other employee benefitsLn 9	$1.5M	$1.1M	$262K	$57K
Payroll taxesLn 10	$915K	$706K	$173K	$36K
Legal feesLn 11b	$54K		$54K
Accounting feesLn 11c	$42K		$42K
Other fees for servicesLn 11g	$323K	$47K	$276K	$199
Advertising and promotionLn 12	$181K	$10K	$155K	$17K
Office expensesLn 13	$155K	$53K	$88K	$14K
Information technologyLn 14	$323K	$194K	$103K	$26K
OccupancyLn 16	$216K	$182K	$32K	$2K
TravelLn 17	$571	$3	$557	$11
Depreciation, depletion and amortizationLn 22	$846K	$711K	$127K	$8K
InsuranceLn 23	$167K	$71K	$94K	$1K
Other expenses (24a–d)Ln 24	$1.7M	$1.6M	$92K	$6K
All other expensesLn 24e	$349K	$128K	$157K	$64K
Total functional expensesLn 25	$20.9M	$16.3M	$3.9M	$692K

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2025 Latest ViewingFiled with the IRS Mar 12, 2026	$20.8M	$20.9M	−$129K	$44.1M	990 PDF
FY2024Filed with the IRS Apr 23, 2025	$20.3M	$20.1M	$195K	$42.0M	990 PDF
FY2023Filed with the IRS May 6, 2024	$18.8M	$19.8M	−$1.0M	$39.3M	990 PDF
FY2022Filed with the IRS May 11, 2023	$19.6M	$18.9M	$755K	$38.6M	990 PDF
FY2021Filed with the IRS Nov 17, 2021	$20.3M	$19.7M	$542K	$40.0M	990 PDF
FY2020Filed with the IRS Mar 15, 2021	$19.0M	$19.1M	−$82K	$35.7M	990 PDF

Schedules filed Part IV

A · Public support D · Assets and endowments I · Grants J · Pay M · Noncash O · Explanations

See the full FY2025 990

Part I · Summary $20,768,471 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $1,162,297$1,205,161

I-9 Program service revenuePrior year $18,865,631$19,331,027

I-10 Investment incomePrior year $160,563$188,705

I-11 Other revenuePrior year $62,600$43,578

I-12 Total revenuePrior year $20,251,091$20,768,471

I-13 Grants and similar amounts paidPrior year $2,317,815$2,453,449

I-14 Benefits paid to membersPrior year $0$0

I-15 Salaries and benefitsPrior year $13,460,072$14,078,120

I-16a Professional fundraising feesPrior year $0$0

I-17 Other expensesPrior year $4,278,019$4,365,708

I-18 Total expensesPrior year $20,055,906$20,897,277

I-19 Revenue less expensesPrior year $195,185−$128,806

Part VI · Governance 15 of 15 board members independent, 1 to look at

VI-1a Voting members of the governing body15

VI-1b Independent voting members15

VI-13 Written whistleblower policyNo

VI-2 Family or business relationship among officers or directorsNo

VI-12a Written conflict of interest policyYes

VI-14 Document retention and destruction policyYes

VI-15a Process for setting top official's payYes

Part VIII · Statement of revenue $20,768,471 across 12 lines filed

VIII-1c Fundraising events$335,660

VIII-1d Related organizations$200,000

VIII-1e Government grants$26,135

VIII-1f All other contributions, gifts and grants$643,366

VIII-1g Noncash contributions (included above)$182,487

VIII-1h Total contributions, gifts and grants$1,205,161

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $19,331,027$19,331,027

VIII-3 Investment incomeExcluded from tax $188,705$188,705

VIII-6 Net rental income or lossExcluded from tax $22,485$22,485

VIII-8 Net income from fundraising eventsExcluded from tax −$1,854−$1,854

VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $22,947$22,947

VIII-12 Total revenueRelated to mission $19,331,027 · Unrelated business $0 · Excluded from tax $232,283$20,768,471

Part IX · Statement of functional expenses $20,897,277 across 18 lines filed

IX-2 Grants to domestic individualsPrograms $2,453,449$2,453,449

IX-5 Pay of officers and key staff (Part IX, line 5)Programs $391,901 · Management $557,406 · Fundraising $42,928$992,235

IX-7 Other salaries and wagesPrograms $8,192,357 · Management $1,577,688 · Fundraising $396,224$10,166,269

IX-8 Pension plan contributionsPrograms $428,582 · Management $88,087 · Fundraising $20,926$537,595

IX-9 Other employee benefitsPrograms $1,146,972 · Management $262,500 · Fundraising $57,409$1,466,881

IX-10 Payroll taxesPrograms $706,348 · Management $172,814 · Fundraising $35,978$915,140

IX-11b Legal feesManagement $53,923$53,923

IX-11c Accounting feesManagement $42,004$42,004

IX-11g Other fees for servicesPrograms $47,395 · Management $275,586 · Fundraising $199$323,180

IX-12 Advertising and promotionPrograms $9,595 · Management $154,968 · Fundraising $16,906$181,469

IX-13 Office expensesPrograms $53,414 · Management $87,949 · Fundraising $13,609$154,972

IX-14 Information technologyPrograms $194,338 · Management $102,875 · Fundraising $25,622$322,835

IX-16 OccupancyPrograms $181,827 · Management $32,469 · Fundraising $2,165$216,461

IX-17 TravelPrograms $3 · Management $557 · Fundraising $11$571

IX-22 Depreciation, depletion and amortizationPrograms $710,541 · Management $126,882 · Fundraising $8,459$845,882

IX-23 InsurancePrograms $70,905 · Management $94,430 · Fundraising $1,386$166,721

IX-24 Other expenses (24a–d)Programs $1,611,050 · Management $91,808 · Fundraising $6,051$1,708,909

IX-24e All other expensesPrograms $127,892 · Management $156,927 · Fundraising $63,962$348,781

IX-25 Total functional expensesPrograms $16,326,569 · Management $3,878,873 · Fundraising $691,835$20,897,277

Part X · Balance sheet $53,264,240 assets, 18 lines filed

X-1 Cash, non-interest-bearingStart of year $2,796,229$3,445,138

X-2 Savings and temporary cash investmentsStart of year $3,978,594$4,099,430

X-3 Pledges and grants receivableStart of year $85,958$41,930

X-4 Accounts receivableStart of year $2,943,227$91,345

X-9 Prepaid expenses and deferred chargesStart of year $273,946$223,165

X-10c Land, buildings and equipment, netStart of year $21,025,267$21,341,815

X-12 Other securitiesStart of year $18,234,827$19,665,484

X-15 Other assetsStart of year $1,141,463$4,355,933

X-16 Total assetsStart of year $50,479,511$53,264,240

X-17 Accounts payable and accrued expensesStart of year $1,587,823$1,652,814

X-19 Deferred revenueStart of year $6,829,635$7,441,647

X-24 Unsecured notes and loans payableStart of year $21,211$16,636

X-25 Other liabilitiesStart of year $53,316$29,117

X-26 Total liabilitiesStart of year $8,491,985$9,140,214

X-27 Net assets without donor restrictionsStart of year $30,286,072$31,478,196

X-28 Net assets with donor restrictionsStart of year $11,701,454$12,645,830

X-32 Total net assets or fund balancesStart of year $41,987,526$44,124,026

X-33 Total liabilities and net assetsStart of year $50,479,511$53,264,240

Part XI · Reconciliation of net assets $44,124,026 net assets at year end

XI-1 Total revenue$20,768,471

XI-2 Total expenses$20,897,277

XI-3 Revenue less expenses−$128,806

XI-4 Net assets at start of year$41,987,526

XI-5 Net unrealized gains (losses) on investments$2,265,306

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year$44,124,026

Form 990 e-file FY2025 from the IRS (about our sources) · Classification, formation year and address from the IRS Business Master File

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