Elisabeth Morrow School FY2021 filing

Tax-deductible

Englewood, NJ501(c)(3)Since 1930EducationEIN 22-1487171Revenue $20.3M in FY2021

On file with the IRSelisabethmorrow.org480 Next Day Hill Drive, 07631-0000 · Englewood, NJTax-exempt since Nov 1936School — 170(b)(1)(A)(ii)

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To provide challenging academic programs to children from 2 years old to 8th grade

501(c)(3) charity; gifts are tax-deductible.
75¢ of each $1 spent went to programs.
$1.5M 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
3 of 6
filings with a surplus
Average surplus $45K a year · under 1% of revenue · last 6 filings
Worth a look: a surplus in 3 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
75%
of spending
Fine: 75% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$1.5M
to officers and key staff · 7% of spending
Looks good: pay to officers and key staff is 7% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
3 mo
of spending, in cash
Fine: 2.9 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $200K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$3.8M
9% of total assets
Looks good: liabilities are 9% of assets; 50% or less.
Pt X · Ln 26
Independent board members
19
of 19 voting members
Looks good: 19 of 19 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$20.3M
+7% vs prior year
Spent
$19.7M
To programs
75%
Net assets
$40.0M
By yearFY2020–FY2025
Revenue
$20.3M
FY2021▲ +7%
Tap a bar for its year
Revenue by fiscal year
FY2020$19.0M
FY2021$20.3M
FY2022$19.6M
FY2023$18.8M
FY2024$20.3M
FY2025$20.8M
Expenses
$19.7M
FY2021▲ +4%
Tap a bar for its year
Expenses by fiscal year
FY2020$19.1M
FY2021$19.7M
FY2022$18.9M
FY2023$19.8M
FY2024$20.1M
FY2025$20.9M
Net assets
$40.0M
FY2021▲ +12%
Tap a bar for its year
Net assets by fiscal year
FY2020$35.7M
FY2021$40.0M
FY2022$38.6M
FY2023$39.3M
FY2024$42.0M
FY2025$44.1M

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 Nov 1936.

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

Where the money goes

75 cents of each dollar spent went to programs.

Program services 75% · $14.7M Management & general 22% · $4.3M Fundraising 4% · $751K

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

27 people listed on the 990; $1.5M 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
$351,143Pt VII · Sec A
$229,319Pt VII · Sec A
Arts Department Chair
$224,366Pt VII · Sec A
Dir. of Development
$204,143Pt VII · Sec A
Middle School Head
$152,987Pt VII · Sec A
Head of Lower School
$150,987Pt VII · Sec A
Dir, Secondary School Plac
$138,993Pt VII · Sec A
$0Pt 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

NameFY2025FY2024FY2023FY2022FY2021FY2020
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.

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Questions the 990 asks

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

  • Family or business ties among officersPt VI · Ln 2Yes
  • 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.

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Provided by the organization

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1 program · $14.7M · in their own filed words · FY2020
01

Private primary school program program income and expenses for preschool through grade eight

$14.7Mprogram 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
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 FY2021 990, line by line.

1The main four
Money inPt VIII
$20.3M
Ln 12
Fees for servicesLn 2g$15.8M
Gifts and grantsLn 1h$3.4M
Other incomeLn 4–11$1.0M
Money outPt IX
$19.7M
Ln 25
Programscol B$14.7M
Managementcol C$4.3M
Fundraisingcol D$751K
Owns and owesPt X
$40.0M
net assets · Ln 32
Cash and savingsLn 1–2$4.7M
Total assetsLn 16$43.8M
LiabilitiesLn 26$3.8M
PeoplePt VI, VII
27
listed · VII A
PaidVII A7
Voting boardVI 1a19
IndependentVI 1b19
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$3.4M
Government grantsLn 1e$2.0M
Noncash giftsLn 1g$30K
Fundraising eventsLn 1c$376K
Fees for servicesLn 2g$15.8M
Investment incomeLn 3$4K
Other incomeLn 4–11$1.0M
Total revenueLn 12$20.3M
Assets in detailPt X, end of year
CashLn 1$2.1M
SavingsLn 2$2.6M
Cash and savings togetherLn 1–2$4.7M
InvestmentsLn 11–13$18.7M
Land, buildings, equipmentLn 10c$19.0M
Other assetsLn 15$892K
Total assetsLn 16$43.8M
LiabilitiesLn 26$3.8M
Net assetsLn 32$40.0M
OperationsPt I, VI
EmployeesI 5211
VolunteersI 6172
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$7.2M$4.7M
InvestmentsLn 11–13$15.5M$18.7M
Land, buildings, equipmentLn 10c$17.4M$19.0M
Total assetsLn 16$40.9M$43.8M
LiabilitiesLn 26$5.3M$3.8M
Net assetsLn 32$35.7M$40.0M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$3.1M$3.1M
Pay of current officers, directors and key staffLn 5$707K$707K
Other salaries and wagesLn 7$9.7M$7.8M$1.5M$451K
Pension plan contributionsLn 8$497K$394K$80K$23K
Other employee benefitsLn 9$1.0M$689K$298K$22K
Payroll taxesLn 10$857K$622K$189K$46K
Legal feesLn 11b$49K$49K
Accounting feesLn 11c$30K$30K
Investment management feesLn 11f$55K$55K
Other fees for servicesLn 11g$219K$12K$194K$14K
Office expensesLn 13$26K$10K$13K$3K
Information technologyLn 14$250K$130K$116K$4K
OccupancyLn 16$128K$109K$13K$6K
Depreciation, depletion and amortizationLn 22$703K$597K$70K$35K
InsuranceLn 23$88K$46K$41K$2K
Other expenses (24a–d)Ln 24$1.4M$1.0M$342K$45K
All other expensesLn 24e$904K$281K$523K$100K
Total functional expensesLn 25$19.7M$14.7M$4.3M$751K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $20.8M$20.9M−$129K$44.1M 990 PDF
FY2024 $20.3M$20.1M$195K$42.0M 990 PDF
FY2023 $18.8M$19.8M−$1.0M$39.3M 990 PDF
FY2022 $19.6M$18.9M$755K$38.6M 990 PDF
FY2021 Viewing $20.3M$19.7M$542K$40.0M 990 PDF
FY2020 $19.0M$19.1M−$82K$35.7M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2021 990 (6 parts)
Part I · Summary $20,290,882 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,530,798$3,436,653
I-9 Program service revenuePrior year $17,261,055$15,826,352
I-10 Investment incomePrior year $174,011$3,756
I-11 Other revenuePrior year $10,902$1,024,121
I-12 Total revenuePrior year $18,976,766$20,290,882
I-13 Grants and similar amounts paidPrior year $2,961,839$3,064,258
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $12,072,407$12,819,351
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $4,024,556$3,865,000
I-18 Total expensesPrior year $19,058,802$19,748,609
I-19 Revenue less expensesPrior year −$82,036$542,273
Part VI · Governance 19 of 19 board members independent, 1 to look at
VI-1a Voting members of the governing body19
VI-1b Independent voting members19
VI-2 Family or business relationship among officers or directorsYes
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 $20,290,882 across 10 lines filed
VIII-1c Fundraising events$376,377
VIII-1e Government grants$2,016,700
VIII-1f All other contributions, gifts and grants$1,043,576
VIII-1g Noncash contributions (included above)$29,858
VIII-1h Total contributions, gifts and grants$3,436,653
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $15,826,352$15,826,352
VIII-3 Investment incomeExcluded from tax $3,756$3,756
VIII-8 Net income from fundraising eventsExcluded from tax −$54,699−$54,699
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $186,497 · Excluded from tax $892,323$1,078,820
VIII-12 Total revenueRelated to mission $16,012,849 · Unrelated business $0 · Excluded from tax $841,380$20,290,882
Part IX · Statement of functional expenses $19,748,609 across 17 lines filed
IX-2 Grants to domestic individualsPrograms $3,064,258$3,064,258
IX-5 Pay of current officers, directors and key staffManagement $707,027$707,027
IX-7 Other salaries and wagesPrograms $7,766,800 · Management $1,531,717 · Fundraising $450,676$9,749,193
IX-8 Pension plan contributionsPrograms $394,206 · Management $80,295 · Fundraising $22,874$497,375
IX-9 Other employee benefitsPrograms $688,543 · Management $298,423 · Fundraising $21,921$1,008,887
IX-10 Payroll taxesPrograms $621,638 · Management $189,096 · Fundraising $46,135$856,869
IX-11b Legal feesManagement $49,247$49,247
IX-11c Accounting feesManagement $30,000$30,000
IX-11f Investment management feesManagement $54,565$54,565
IX-11g Other fees for servicesPrograms $12,055 · Management $193,503 · Fundraising $13,781$219,339
IX-13 Office expensesPrograms $9,900 · Management $13,167 · Fundraising $3,275$26,342
IX-14 Information technologyPrograms $129,995 · Management $116,231 · Fundraising $3,618$249,844
IX-16 OccupancyPrograms $109,175 · Management $12,844 · Fundraising $6,422$128,441
IX-22 Depreciation, depletion and amortizationPrograms $597,449 · Management $70,288 · Fundraising $35,144$702,881
IX-23 InsurancePrograms $45,652 · Management $40,879 · Fundraising $1,703$88,234
IX-24 Other expenses (24a–d)Programs $1,025,341 · Management $341,507 · Fundraising $45,326$1,412,174
IX-24e All other expensesPrograms $280,963 · Management $522,837 · Fundraising $100,133$903,933
IX-25 Total functional expensesPrograms $14,745,975 · Management $4,251,626 · Fundraising $751,008$19,748,609
Part X · Balance sheet $43,835,854 assets, 17 lines filed
X-1 Cash, non-interest-bearingStart of year $2,492,485$2,068,311
X-2 Savings and temporary cash investmentsStart of year $4,734,433$2,642,232
X-3 Pledges and grants receivableStart of year $462,028$365,055
X-4 Accounts receivableStart of year $156,045$16,473
X-9 Prepaid expenses and deferred chargesStart of year $257,759$188,070
X-10c Land, buildings and equipment, netStart of year $17,368,132$19,005,107
X-12 Other securitiesStart of year $15,465,803$18,658,283
X-15 Other assetsStart of year $0$892,323
X-16 Total assetsStart of year $40,936,685$43,835,854
X-17 Accounts payable and accrued expensesStart of year $854,910$412,446
X-24 Unsecured notes and loans payableStart of year $2,016,700$0
X-25 Other liabilitiesStart of year $2,406,055$3,390,152
X-26 Total liabilitiesStart of year $5,277,665$3,802,598
X-27 Net assets without donor restrictionsStart of year $23,876,015$27,925,899
X-28 Net assets with donor restrictionsStart of year $11,783,005$12,107,357
X-32 Total net assets or fund balancesStart of year $35,659,020$40,033,256
X-33 Total liabilities and net assetsStart of year $40,936,685$43,835,854
Part XI · Reconciliation of net assets $40,033,256 net assets at year end
XI-1 Total revenue$20,290,882
XI-2 Total expenses$19,748,609
XI-3 Revenue less expenses$542,273
XI-4 Net assets at start of year$35,659,020
XI-5 Net unrealized gains (losses) on investments$3,831,963
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$40,033,256

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

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