Montgomery School: FY2021 Nonprofit Profile & Form 990 (EIN 23-1352662)

Thomas McManus’s $248K as Head of School is at the 91st percentile of top reported officer pay among 3394 $1–10M 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	FY2024	FY2023	FY2022	FY2021	FY2020
Thomas McManus	$247,905	$235,158	$220,373	—	—
Sarah Sally Keidel	—	—	—	$124,810	$209,000
Stephen King	$119,167	$116,209	$42,548	—	—
James S McConnel	—	—	$68,328	$116,653	$107,043
Susan Marotta	$110,268	—	—	—	—
Allen Vandegrift	$109,500	—	—	—	—
Tom McManus	—	—	—	$108,595	—
Andrew Cocco	—	—	—	$102,900	—

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 in mind, body, and character through an independent school.

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2 programs · $3.8M · in their own filed words · FY2020

01

Education of children pre-kindergarden through grade 8. In the academic year 2020-21, montgomery school enrolled 247 students from chester county and other areas in the commonwealth of pennsylvania.

$3.8Mprogram expense

02

Facilities Rental Program

Facilities are rented out to community groups who are aligned with montgomery school's mission, for athletics, arts, and meetings.

$3Kprogram 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

Jane & Arthur Bratton Charitable Remainder Annuity Trust 43v406013FY2025$7K

Total grants receivedfrom 1 funder$7K

Grants paid · 4 grants · $6.0M · 2019–2022

Unitemized GrantFY2022$1,597,796

Unitemized GrantFY2021$1,500,788

Unitemized GrantFY2020$1,400,935

Unitemized GrantFY2019$1,466,398

By the numbers

The FY2021 990, line by line.

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from philanthropy.org

1The main four

Money inPt VIII

$6.3M

Ln 12

Fees for servicesLn 2g$5.5M

Gifts and grantsLn 1h$847K

Investment incomeLn 3$33K

Money outPt IX

$7.2M

Ln 25

Programscol B$3.8M

Managementcol C$3.2M

Fundraisingcol D$201K

Owns and owesPt X

$6.3M

net assets · Ln 32

Cash and savingsLn 1–2$2.1M

Total assetsLn 16$9.9M

LiabilitiesLn 26$3.6M

PeoplePt VI, VII

24

listed · VII A

PaidVII A4

Voting boardVI 1a19

IndependentVI 1b19

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$847K

Government grantsLn 1e$301K

Noncash giftsLn 1g$129K

Fundraising eventsLn 1c$87K

Fees for servicesLn 2g$5.5M

Investment incomeLn 3$33K

Gains on assetsLn 7$5K

Total revenueLn 12$6.3M

Assets in detailPt X, end of year

CashLn 1$659K

SavingsLn 2$1.5M

Cash and savings togetherLn 1–2$2.1M

InvestmentsLn 11–13$858K

Land, buildings, equipmentLn 10c$6.2M

Total assetsLn 16$9.9M

LiabilitiesLn 26$3.6M

Net assetsLn 32$6.3M

OperationsPt I, VI

EmployeesI 5109

VolunteersI 6110

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 FY21	End FY21
Cash and savingsLn 1–2	$2.1M	$2.1M
InvestmentsLn 11–13	$721K	$858K
Land, buildings, equipmentLn 10c	$6.6M	$6.2M
Total assetsLn 16	$10.0M	$9.9M
LiabilitiesLn 26	$2.9M	$3.6M
Net assetsLn 32	$7.0M	$6.3M

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Grants to domestic organizationsLn 1	$500	$500
Grants to domestic individualsLn 2	$1.4M	$1.4M
Pay of current officers, directors and key staffLn 5	$383K	$210K	$147K	$26K
Other salaries and wagesLn 7	$2.7M	$925K	$1.7M	$87K
Pension plan contributionsLn 8	$44K	$13K	$30K	$1K
Other employee benefitsLn 9	$685K	$366K	$304K	$15K
Payroll taxesLn 10	$233K	$94K	$131K	$8K
Legal feesLn 11b	$20K	$7K	$12K	$700
Accounting feesLn 11c	$33K	$12K	$20K	$1K
Other fees for servicesLn 11g	$35K	$13K	$21K	$1K
Advertising and promotionLn 12	$108K	$6K	$102K
Office expensesLn 13	$98K	$35K	$59K	$3K
Information technologyLn 14	$202K	$64K	$108K	$30K
OccupancyLn 16	$39K	$14K	$24K	$1K
TravelLn 17	$2K	$636	$1K	$63
Conferences, conventions and meetingsLn 19	$395	$395
InterestLn 20	$67K		$67K
Depreciation, depletion and amortizationLn 22	$359K	$129K	$217K	$13K
InsuranceLn 23	$94K	$34K	$56K	$3K
Other expenses (24a–d)Ln 24	$603K	$441K	$153K	$9K
All other expensesLn 24e	$38K	$3K	$35K	$698
Total functional expensesLn 25	$7.2M	$3.8M	$3.2M	$201K

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2024 Latest	$8.4M	$8.9M	−$554K	$5.8M	990 PDF
FY2023	$8.4M	$8.1M	$264K	$6.3M	990 PDF
FY2022	$7.2M	$7.6M	−$348K	$5.8M	990 PDF
FY2021 Viewing	$6.3M	$7.2M	−$855K	$6.3M	990 PDF
FY2020	$7.2M	$7.3M	−$132K	$7.0M	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 O · Explanations

See the full FY2021 990 (6 parts)

Part I · Summary $6,307,400 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $1,671,941$846,818

I-9 Program service revenuePrior year $5,443,028$5,455,255

I-10 Investment incomePrior year $50,064$33,431

I-11 Other revenuePrior year $11,576−$28,104

I-12 Total revenuePrior year $7,176,609$6,307,400

I-13 Grants and similar amounts paidPrior year $1,466,398$1,401,435

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

I-15 Salaries and benefitsPrior year $4,173,141$4,063,373

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

I-17 Other expensesPrior year $1,669,541$1,697,753

I-18 Total expensesPrior year $7,309,080$7,162,561

I-19 Revenue less expensesPrior year −$132,471−$855,161

Part VI · Governance 19 of 19 board members independent, no flags

VI-1a Voting members of the governing body19

VI-1b Independent voting members19

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 $6,307,400 across 11 lines filed

VIII-1c Fundraising events$86,749

VIII-1e Government grants$300,508

VIII-1f All other contributions, gifts and grants$459,561

VIII-1g Noncash contributions (included above)$128,993

VIII-1h Total contributions, gifts and grants$846,818

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $5,454,115 · Excluded from tax $1,140$5,455,255

VIII-3 Investment incomeExcluded from tax $28,442$28,442

VIII-7 Net gain or loss on sales of assetsExcluded from tax $4,989$4,989

VIII-8 Net income from fundraising eventsExcluded from tax −$33,158−$33,158

VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $5,054$5,054

VIII-12 Total revenueRelated to mission $5,454,115 · Unrelated business $0 · Excluded from tax $6,467$6,307,400

Part IX · Statement of functional expenses $7,162,561 across 21 lines filed

IX-1 Grants to domestic organizationsPrograms $500$500

IX-2 Grants to domestic individualsPrograms $1,400,935$1,400,935

IX-5 Pay of current officers, directors and key staffPrograms $210,269 · Management $146,850 · Fundraising $26,284$383,403

IX-7 Other salaries and wagesPrograms $925,472 · Management $1,704,628 · Fundraising $87,131$2,717,231

IX-8 Pension plan contributionsPrograms $13,040 · Management $29,998 · Fundraising $1,118$44,156

IX-9 Other employee benefitsPrograms $366,183 · Management $304,308 · Fundraising $14,727$685,218

IX-10 Payroll taxesPrograms $94,122 · Management $131,470 · Fundraising $7,773$233,365

IX-11b Legal feesPrograms $7,057 · Management $11,823 · Fundraising $700$19,580

IX-11c Accounting feesPrograms $11,891 · Management $19,921 · Fundraising $1,178$32,990

IX-11g Other fees for servicesPrograms $12,660 · Management $21,210 · Fundraising $1,252$35,122

IX-12 Advertising and promotionPrograms $6,232 · Management $101,617$107,849

IX-13 Office expensesPrograms $35,499 · Management $58,821 · Fundraising $3,478$97,798

IX-14 Information technologyPrograms $64,335 · Management $107,573 · Fundraising $30,493$202,401

IX-16 OccupancyPrograms $14,204 · Management $23,798 · Fundraising $1,408$39,410

IX-17 TravelPrograms $636 · Management $1,065 · Fundraising $63$1,764

IX-19 Conferences, conventions and meetingsPrograms $395$395

IX-20 InterestManagement $66,878$66,878

IX-22 Depreciation, depletion and amortizationPrograms $129,387 · Management $216,762 · Fundraising $12,819$358,968

IX-23 InsurancePrograms $33,722 · Management $56,495 · Fundraising $3,340$93,557

IX-24 Other expenses (24a–d)Programs $441,391 · Management $152,604 · Fundraising $9,025$603,020

IX-24e All other expensesPrograms $2,669 · Management $34,654 · Fundraising $698$38,021

IX-25 Total functional expensesPrograms $3,770,599 · Management $3,190,475 · Fundraising $201,487$7,162,561

Part X · Balance sheet $9,910,694 assets, 17 lines filed

X-1 Cash, non-interest-bearingStart of year $862,716$658,921

X-2 Savings and temporary cash investmentsStart of year $1,250,332$1,471,137

X-3 Pledges and grants receivableStart of year $151,208$338,258

X-4 Accounts receivableStart of year $77,339$122,154

X-8 Inventories for sale or useStart of year $2,974$2,974

X-9 Prepaid expenses and deferred chargesStart of year $281,161$210,038

X-10c Land, buildings and equipment, netStart of year $6,608,165$6,249,197

X-11 Publicly traded securitiesStart of year $721,253$858,015

X-16 Total assetsStart of year $9,955,148$9,910,694

X-17 Accounts payable and accrued expensesStart of year $345,020$417,253

X-19 Deferred revenueStart of year $424,997$1,171,898

X-20 Tax-exempt bond liabilitiesStart of year $2,172,687$2,044,158

X-26 Total liabilitiesStart of year $2,942,704$3,633,309

X-27 Net assets without donor restrictionsStart of year $6,643,994$6,020,250

X-28 Net assets with donor restrictionsStart of year $368,450$257,135

X-32 Total net assets or fund balancesStart of year $7,012,444$6,277,385

X-33 Total liabilities and net assetsStart of year $9,955,148$9,910,694

Part XI · Reconciliation of net assets $6,277,385 net assets at year end

XI-1 Total revenue$6,307,400

XI-2 Total expenses$7,162,561

XI-3 Revenue less expenses−$855,161

XI-4 Net assets at start of year$7,012,444

XI-5 Net unrealized gains (losses) on investments$120,102

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year$6,277,385

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

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Montgomery School FY2021 filing

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