Elisabeth Morrow School FY2024 filing

Tax-deductible

Englewood, NJ501(c)(3)Since 1930EducationEIN 22-1487171Revenue $20.3M in FY2024

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.
78¢ of each $1 spent went to programs.
$1.7M 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

FY2024 · 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
78%
of spending
Looks good: 78% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$1.7M
to officers and key staff · 9% of spending
Looks good: pay to officers and key staff is 9% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
4 mo
of spending, in cash
Looks good: 4.1 months of spending in cash; 3 or more.
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
$8.5M
17% of total assets
Looks good: liabilities are 17% of assets; 50% or less.
Pt X · Ln 26
Independent board members
14
of 14 voting members
Looks good: 14 of 14 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
+8% vs prior year
Spent
$20.1M
To programs
78%
Net assets
$42.0M
By yearFY2020–FY2025
Revenue
$20.3M
FY2024▲ +8%
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
$20.1M
FY2024▲ +1%
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
$42.0M
FY2024▲ +7%
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 FY2024 Form 990 (year ending June 2024) · figures checked against the IRS filing · see the original

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You’re viewing the FY2024 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

78 cents of each dollar spent went to programs.

Program services 78% · $15.7M Management & general 19% · $3.8M Fundraising 3% · $613K

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

22 people listed on the 990; $1.7M paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
Head of School
$363,900Pt VII · Sec A
Of School & Arts Dept. Chair
$251,044Pt VII · Sec A
Chief Operating Officer
$225,800Pt VII · Sec A
Institutional Advancement
$214,046Pt VII · Sec A
Head & Dir. of Secondary Placement
$200,363Pt VII · Sec A
Assistant of the Arts
$175,846Pt VII · Sec A
Director of Human Resources
$141,926Pt VII · Sec A
Head of Early Learning
$135,097Pt 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 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.

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Provided by the organization

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1 program · $15.7M · in their own filed words · FY2023
01

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

$15.7Mprogram 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
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 FY2024 990, line by line.

1The main four
Money inPt VIII
$20.3M
Ln 12
Fees for servicesLn 2g$18.9M
Gifts and grantsLn 1h$1.2M
Investment incomeLn 3$161K
Money outPt IX
$20.1M
Ln 25
Programscol B$15.7M
Managementcol C$3.8M
Fundraisingcol D$613K
Owns and owesPt X
$42.0M
net assets · Ln 32
Cash and savingsLn 1–2$6.8M
Total assetsLn 16$50.5M
LiabilitiesLn 26$8.5M
PeoplePt VI, VII
22
listed · VII A
PaidVII A8
Voting boardVI 1a14
IndependentVI 1b14
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.2M
Government grantsLn 1e$40K
Noncash giftsLn 1g$76K
Fundraising eventsLn 1c$191K
Fees for servicesLn 2g$18.9M
Investment incomeLn 3$161K
Other incomeLn 4–11$63K
Total revenueLn 12$20.3M
Assets in detailPt X, end of year
CashLn 1$2.8M
SavingsLn 2$4.0M
Cash and savings togetherLn 1–2$6.8M
InvestmentsLn 11–13$18.2M
Land, buildings, equipmentLn 10c$21.0M
Other assetsLn 15$1.1M
Total assetsLn 16$50.5M
LiabilitiesLn 26$8.5M
Net assetsLn 32$42.0M
OperationsPt I, VI
EmployeesI 5211
VolunteersI 6172
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$4.9M$6.8M
InvestmentsLn 11–13$16.6M$18.2M
Land, buildings, equipmentLn 10c$21.1M$21.0M
Total assetsLn 16$47.3M$50.5M
LiabilitiesLn 26$7.9M$8.5M
Net assetsLn 32$39.3M$42.0M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$2.3M$2.3M
Pay of current officers, directors and key staffLn 5$1.0M$428K$565K$39K
Other salaries and wagesLn 7$9.7M$7.8M$1.5M$352K
Pension plan contributionsLn 8$483K$389K$76K$17K
Other employee benefitsLn 9$1.4M$1.1M$249K$50K
Payroll taxesLn 10$895K$692K$171K$33K
Legal feesLn 11b$64K$64K
Accounting feesLn 11c$50K$50K
Investment management feesLn 11f$14K$14K
Other fees for servicesLn 11g$311K$42K$269K$360
Advertising and promotionLn 12$117K$19K$97K
Office expensesLn 13$145K$58K$73K$13K
Information technologyLn 14$308K$182K$101K$25K
OccupancyLn 16$167K$140K$25K$2K
Depreciation, depletion and amortizationLn 22$816K$686K$122K$8K
InsuranceLn 23$152K$65K$86K$1K
Other expenses (24a–d)Ln 24$1.7M$1.6M$112K$7K
All other expensesLn 24e$404K$140K$197K$66K
Total functional expensesLn 25$20.1M$15.7M$3.8M$613K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $20.8M$20.9M−$129K$44.1M 990 PDF
FY2024 Viewing $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 $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 FY2024 990 (6 parts)
Part I · Summary $20,251,091 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,159,093$1,162,297
I-9 Program service revenuePrior year $17,483,429$18,865,631
I-10 Investment incomePrior year $109,720$160,563
I-11 Other revenuePrior year $44,815$62,600
I-12 Total revenuePrior year $18,797,057$20,251,091
I-13 Grants and similar amounts paidPrior year $2,235,269$2,317,815
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $13,358,520$13,460,072
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $4,212,478$4,278,019
I-18 Total expensesPrior year $19,806,267$20,055,906
I-19 Revenue less expensesPrior year −$1,009,210$195,185
Part VI · Governance 14 of 14 board members independent, 1 to look at
VI-1a Voting members of the governing body14
VI-1b Independent voting members14
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 $20,251,091 across 12 lines filed
VIII-1c Fundraising events$191,373
VIII-1d Related organizations$200,000
VIII-1e Government grants$40,263
VIII-1f All other contributions, gifts and grants$730,661
VIII-1g Noncash contributions (included above)$75,852
VIII-1h Total contributions, gifts and grants$1,162,297
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $18,865,631$18,865,631
VIII-3 Investment incomeExcluded from tax $160,563$160,563
VIII-6 Net rental income or lossExcluded from tax $20,699$20,699
VIII-8 Net income from fundraising eventsExcluded from tax $33,194$33,194
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $8,707$8,707
VIII-12 Total revenueRelated to mission $18,865,631 · Unrelated business $0 · Excluded from tax $223,163$20,251,091
Part IX · Statement of functional expenses $20,055,906 across 18 lines filed
IX-2 Grants to domestic individualsPrograms $2,317,815$2,317,815
IX-5 Pay of current officers, directors and key staffPrograms $428,475 · Management $564,729 · Fundraising $38,519$1,031,723
IX-7 Other salaries and wagesPrograms $7,804,187 · Management $1,507,251 · Fundraising $351,539$9,662,977
IX-8 Pension plan contributionsPrograms $389,282 · Management $75,887 · Fundraising $17,421$482,590
IX-9 Other employee benefitsPrograms $1,088,888 · Management $249,226 · Fundraising $49,709$1,387,823
IX-10 Payroll taxesPrograms $691,661 · Management $170,735 · Fundraising $32,563$894,959
IX-11b Legal feesManagement $63,865$63,865
IX-11c Accounting feesManagement $50,400$50,400
IX-11f Investment management feesManagement $14,021$14,021
IX-11g Other fees for servicesPrograms $41,717 · Management $268,529 · Fundraising $360$310,606
IX-12 Advertising and promotionPrograms $19,168 · Management $97,474$116,642
IX-13 Office expensesPrograms $58,439 · Management $73,371 · Fundraising $13,243$145,053
IX-14 Information technologyPrograms $181,764 · Management $101,264 · Fundraising $25,053$308,081
IX-16 OccupancyPrograms $140,286 · Management $25,051 · Fundraising $1,670$167,007
IX-22 Depreciation, depletion and amortizationPrograms $685,645 · Management $122,436 · Fundraising $8,162$816,243
IX-23 InsurancePrograms $64,616 · Management $86,041 · Fundraising $1,262$151,919
IX-24 Other expenses (24a–d)Programs $1,611,076 · Management $112,051 · Fundraising $7,470$1,730,597
IX-24e All other expensesPrograms $139,813 · Management $197,377 · Fundraising $66,395$403,585
IX-25 Total functional expensesPrograms $15,662,832 · Management $3,779,708 · Fundraising $613,366$20,055,906
Part X · Balance sheet $50,479,511 assets, 18 lines filed
X-1 Cash, non-interest-bearingStart of year $1,116,148$2,796,229
X-2 Savings and temporary cash investmentsStart of year $3,799,003$3,978,594
X-3 Pledges and grants receivableStart of year $155,833$85,958
X-4 Accounts receivableStart of year $3,129,002$2,943,227
X-9 Prepaid expenses and deferred chargesStart of year $159,368$273,946
X-10c Land, buildings and equipment, netStart of year $21,144,435$21,025,267
X-12 Other securitiesStart of year $16,596,574$18,234,827
X-15 Other assetsStart of year $1,161,293$1,141,463
X-16 Total assetsStart of year $47,261,656$50,479,511
X-17 Accounts payable and accrued expensesStart of year $1,391,296$1,587,823
X-19 Deferred revenueStart of year $6,480,644$6,829,635
X-24 Unsecured notes and loans payableStart of year $0$21,211
X-25 Other liabilitiesStart of year $76,836$53,316
X-26 Total liabilitiesStart of year $7,948,776$8,491,985
X-27 Net assets without donor restrictionsStart of year $28,593,838$30,286,072
X-28 Net assets with donor restrictionsStart of year $10,719,042$11,701,454
X-32 Total net assets or fund balancesStart of year $39,312,880$41,987,526
X-33 Total liabilities and net assetsStart of year $47,261,656$50,479,511
Part XI · Reconciliation of net assets $41,987,526 net assets at year end
XI-1 Total revenue$20,251,091
XI-2 Total expenses$20,055,906
XI-3 Revenue less expenses$195,185
XI-4 Net assets at start of year$39,312,880
XI-5 Net unrealized gains (losses) on investments$2,479,461
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$41,987,526

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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