Kent Place School: FY2022 Nonprofit Profile & Form 990 (EIN 22-1487233)

Jennifer C Galambos’s $543K as Head of School is at the 91st 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
Jennifer C Galambos	$543,065	$498,419	$458,341	$437,431	$377,494	$371,298
Genevieve Madigan Chief Finan	—	$289,164	—	—	—	—
Elizabeth Woodall	—	—	—	—	—	$282,366
Genevieve Madigan	—	—	$273,727	$275,698	$230,746	—
Genevieve D Madigan	—	—	—	—	—	$241,371
Coral Brooks	$235,624	$227,561	$210,067	$206,963	$183,147	$209,158
Karen Rezach	$224,022	$217,945	$209,187	$223,620	$195,259	$204,901
Jennifer Simpson	$216,936	$209,737	$201,611	$215,223	$188,021	$198,083

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 students, fostering ethical decision-making, critical thinking, and leadership skills through a comprehensive curriculum.

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1 program · $26.7M · in their own filed words · FY2021

01

Our kent place curriculum and programs are rich in opportunities for students to develop ethical decision-making, critical thinking, and problem-solving skills. We promote integrity, initiative, and inclusion throughout all of the schooling years.

$26.7Mprogram 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

The Palisades Educational Foundation INCFY2025$5K

The Wilson Family FoundationFY2025$1K

Total grants receivedfrom 2 funders$6K

Grants paid · 11 grants · $24.0M · 2019–2024

Unitemized GrantFY2024$4,671,367

Unitemized GrantFY2024$21,700

Unitemized GrantFY2023$4,234,936

Unitemized GrantFY2023$31,310

Unitemized GrantFY2023$6,917

Unitemized GrantFY2022$3,993,332

Unitemized GrantFY2022$31,210

Unitemized GrantFY2022$21,400

Unitemized GrantFY2021$3,901,070

Unitemized GrantFY2020$3,697,016

Unitemized GrantFY2019$3,425,297

By the numbers

The FY2022 990, line by line.

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from philanthropy.org

1The main four

Money inPt VIII

$40.1M

Ln 12

Fees for servicesLn 2g$31.6M

Gifts and grantsLn 1h$6.4M

Investment incomeLn 3$1.6M

Money outPt IX

$37.0M

Ln 25

Programscol B$26.7M

Managementcol C$8.0M

Fundraisingcol D$2.3M

Owns and owesPt X

$63.2M

net assets · Ln 32

Cash and savingsLn 1–2$5.8M

Total assetsLn 16$73.9M

LiabilitiesLn 26$10.6M

PeoplePt VI, VII

34

listed · VII A

PaidVII A8

Voting boardVI 1a28

IndependentVI 1b26

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$6.4M

Noncash giftsLn 1g$3.7M

Fundraising eventsLn 1c$17K

Fees for servicesLn 2g$31.6M

Investment incomeLn 3$1.6M

Other incomeLn 4–11$461K

Gains on assetsLn 7$890K

Total revenueLn 12$40.1M

Assets in detailPt X, end of year

CashLn 1$4.4M

SavingsLn 2$1.4M

Cash and savings togetherLn 1–2$5.8M

InvestmentsLn 11–13$22.9M

Land, buildings, equipmentLn 10c$42.1M

Other assetsLn 15$14K

Total assetsLn 16$73.9M

LiabilitiesLn 26$10.6M

Net assetsLn 32$63.2M

OperationsPt I, VI

EmployeesI 5396

VolunteersI 6500

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

Line	Start FY22	End FY22
Cash and savingsLn 1–2	$4.5M	$5.8M
InvestmentsLn 11–13	$22.4M	$22.9M
Land, buildings, equipmentLn 10c	$42.8M	$42.1M
Total assetsLn 16	$74.2M	$73.9M
LiabilitiesLn 26	$10.4M	$10.6M
Net assetsLn 32	$63.8M	$63.2M

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Grants to domestic individualsLn 2	$3.9M	$3.9M
Pay of current officers, directors and key staffLn 5	$895K	$106K	$789K
Other salaries and wagesLn 7	$16.9M	$12.6M	$3.1M	$1.1M
Pension plan contributionsLn 8	$1.2M	$767K	$371K	$55K
Other employee benefitsLn 9	$2.2M	$1.3M	$719K	$183K
Payroll taxesLn 10	$1.3M	$960K	$297K	$81K
Legal feesLn 11b	$88K		$88K
Accounting feesLn 11c	$61K		$61K
Professional fundraising feesLn 11e	$159K			$159K
Investment management feesLn 11f	$94K		$94K
Other fees for servicesLn 11g	$476K	$200K	$269K	$8K
Advertising and promotionLn 12	$139K	$4K	$61K	$73K
Office expensesLn 13	$1.2M	$466K	$443K	$275K
Information technologyLn 14	$602K	$363K	$130K	$109K
OccupancyLn 16	$1.0M	$907K	$138K
TravelLn 17	$370K	$253K	$47K	$70K
Conferences, conventions and meetingsLn 19	$2K			$2K
Depreciation, depletion and amortizationLn 22	$2.5M	$2.2M	$328K
Other expenses (24a–d)Ln 24	$3.2M	$2.5M	$530K	$154K
All other expensesLn 24e	$640K	$125K	$510K	$5K
Total functional expensesLn 25	$37.0M	$26.7M	$8.0M	$2.3M

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2025 Latest	$51.6M	$42.0M	$9.6M	$80.1M	990 PDF
FY2024	$44.8M	$40.8M	$4.0M	$70.6M	990 PDF
FY2023	$40.9M	$39.8M	$1.1M	$65.8M	990 PDF
FY2022 Viewing	$40.1M	$37.0M	$3.2M	$63.2M	990 PDF
FY2021	$35.7M	$35.9M	−$204K	$63.8M	990 PDF
FY2020	$36.5M	$32.6M	$3.9M	$60.7M	990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support M · Noncash J · Pay O · Explanations

See the full FY2022 990 (6 parts)

Part I · Summary $40,143,098 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $4,919,244$6,449,698

I-9 Program service revenuePrior year $29,827,186$31,612,999

I-10 Investment incomePrior year $915,396$1,619,836

I-11 Other revenuePrior year −$4,278$460,565

I-12 Total revenuePrior year $35,657,548$40,143,098

I-13 Grants and similar amounts paidPrior year $3,697,016$3,901,070

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

I-15 Salaries and benefitsPrior year $21,612,188$22,532,153

I-16a Professional fundraising feesPrior year $0$159,090

I-17 Other expensesPrior year $10,551,907$10,389,625

I-18 Total expensesPrior year $35,861,111$36,981,938

I-19 Revenue less expensesPrior year −$203,563$3,161,160

Part VI · Governance 26 of 28 board members independent, no flags

VI-1a Voting members of the governing body28

VI-1b Independent voting members26

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 $40,143,098 across 11 lines filed

Lines not itemized here account for $67,338 of total revenue; see the IRS return.

VIII-1c Fundraising events$16,567

VIII-1f All other contributions, gifts and grants$6,433,131

VIII-1g Noncash contributions (included above)$3,691,035

VIII-1h Total contributions, gifts and grants$6,449,698

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $31,612,999$31,612,999

VIII-3 Investment incomeUnrelated business $290 · Excluded from tax $729,348$729,638

VIII-6 Net rental income or lossExcluded from tax $305,570$305,570

VIII-7 Net gain or loss on sales of assetsUnrelated business $8,785 · Excluded from tax $881,413$890,198

VIII-8 Net income from fundraising eventsExcluded from tax $31,458$31,458

VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $56,199$56,199

VIII-12 Total revenueRelated to mission $31,680,337 · Unrelated business $9,075 · Excluded from tax $2,003,988$40,143,098

Part IX · Statement of functional expenses $36,981,938 across 20 lines filed

IX-2 Grants to domestic individualsPrograms $3,901,070$3,901,070

IX-5 Pay of current officers, directors and key staffPrograms $105,519 · Management $789,101$894,620

IX-7 Other salaries and wagesPrograms $12,617,767 · Management $3,147,137 · Fundraising $1,094,750$16,859,654

IX-8 Pension plan contributionsPrograms $767,063 · Management $371,143 · Fundraising $54,920$1,193,126

IX-9 Other employee benefitsPrograms $1,345,680 · Management $719,054 · Fundraising $182,959$2,247,693

IX-10 Payroll taxesPrograms $959,904 · Management $296,638 · Fundraising $80,518$1,337,060

IX-11b Legal feesManagement $88,469$88,469

IX-11c Accounting feesManagement $61,005$61,005

IX-11e Professional fundraising feesFundraising $159,090$159,090

IX-11f Investment management feesManagement $93,799$93,799

IX-11g Other fees for servicesPrograms $199,707 · Management $268,615 · Fundraising $7,882$476,204

IX-12 Advertising and promotionPrograms $4,374 · Management $61,071 · Fundraising $73,056$138,501

IX-13 Office expensesPrograms $465,953 · Management $443,393 · Fundraising $274,889$1,184,235

IX-14 Information technologyPrograms $363,136 · Management $129,804 · Fundraising $109,110$602,050

IX-16 OccupancyPrograms $907,093 · Management $137,984$1,045,077

IX-17 TravelPrograms $253,097 · Management $47,061 · Fundraising $69,759$369,917

IX-19 Conferences, conventions and meetingsFundraising $1,857$1,857

IX-22 Depreciation, depletion and amortizationPrograms $2,156,457 · Management $328,055$2,484,512

IX-24 Other expenses (24a–d)Programs $2,519,720 · Management $530,030 · Fundraising $153,762$3,203,512

IX-24e All other expensesPrograms $125,380 · Management $509,807 · Fundraising $5,300$640,487

IX-25 Total functional expensesPrograms $26,691,920 · Management $8,022,166 · Fundraising $2,267,852$36,981,938

Part X · Balance sheet $73,869,767 assets, 19 lines filed

X-1 Cash, non-interest-bearingStart of year $2,469,769$4,397,727

X-2 Savings and temporary cash investmentsStart of year $2,029,345$1,354,307

X-3 Pledges and grants receivableStart of year $2,150,884$1,349,017

X-4 Accounts receivableStart of year $480,756$75,403

X-8 Inventories for sale or useStart of year $161,334$113,020

X-9 Prepaid expenses and deferred chargesStart of year $1,735,174$1,580,116

X-10c Land, buildings and equipment, netStart of year $42,770,039$42,096,792

X-11 Publicly traded securitiesStart of year $20,494,900$20,123,210

X-12 Other securitiesStart of year $1,873,053$2,765,775

X-15 Other assetsStart of year $1,000$14,400

X-16 Total assetsStart of year $74,166,254$73,869,767

X-17 Accounts payable and accrued expensesStart of year $3,084,607$2,917,145

X-19 Deferred revenueStart of year $3,274,741$3,886,465

X-20 Tax-exempt bond liabilitiesStart of year $4,000,186$3,822,009

X-26 Total liabilitiesStart of year $10,359,534$10,625,619

X-27 Net assets without donor restrictionsStart of year $40,459,985$42,634,116

X-28 Net assets with donor restrictionsStart of year $23,346,735$20,610,032

X-32 Total net assets or fund balancesStart of year $63,806,720$63,244,148

X-33 Total liabilities and net assetsStart of year $74,166,254$73,869,767

Part XI · Reconciliation of net assets $63,244,148 net assets at year end

XI-1 Total revenue$40,143,098

XI-2 Total expenses$36,981,938

XI-3 Revenue less expenses$3,161,160

XI-4 Net assets at start of year$63,806,720

XI-5 Net unrealized gains (losses) on investments−$3,723,732

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year$63,244,148

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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Kent Place School FY2022 filing

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