Solebury School: FY2020 Nonprofit Profile & Form 990 (EIN 23-1365969)

Revenue by fiscal year
FY2020	$13.6M
FY2021	$15.8M
FY2022	$18.2M
FY2023	$17.1M
FY2024	$21.5M
FY2025	$19.8M

Expenses by fiscal year
FY2020	$13.8M
FY2021	$14.2M
FY2022	$15.9M
FY2023	$17.6M
FY2024	$18.9M
FY2025	$19.4M

Net assets by fiscal year
FY2020	$18.7M
FY2021	$22.7M
FY2022	$26.9M
FY2023	$27.5M
FY2024	$31.6M
FY2025	$33.4M

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Nov 1938.

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

Where the money goes

72 cents of each dollar spent went to programs.

72%

26%

Program services 72% · $9.9M Management & general 26% · $3.5M Fundraising 2% · $334K

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

26 people listed on the 990; $870K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII

Thomas G Wilschutz

Head of School

$241,642Pt VII · Sec A

Steven Feld

Director of Finance and Operations

$159,374Pt VII · Sec A

Jennifer Burns

Director of Advancement

$135,724Pt VII · Sec A

Scott Eckstein

Director of Admissions

$115,679Pt VII · Sec A

Steve Buteux

Associate Head

$112,342Pt VII · Sec A

Annette Miller

Dean of Students

$105,462Pt VII · Sec A

Andrew Gespass

Trustee

$0Pt VII · Sec A

Thomas McC Hunt ESQ.

Trustee

$0Pt VII · Sec A

Compensation history total reportable pay by year · 8 named individuals · Part VII

Name	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020
Thomas G Wilschutz	$272,612	$290,088	$267,281	$243,288	$247,205	$241,642
Steven Feld	$106,865	$166,462	$165,197	$155,636	$156,102	$159,374
Jennifer Burns	—	$144,478	$149,351	$139,444	$139,233	$135,724
Steven Buteux	$125,734	—	—	—	—	—
Steve Buteux	—	$123,190	$121,474	$114,843	$114,979	$112,342
Scott Eckstein	$116,627	$113,633	$116,129	$106,123	$105,311	$115,679
Annette Miller	—	—	$112,577	$107,309	$107,443	$105,462
Jonathan Freer	$108,917	—	—	—	—	—

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 Solebury School executive salaries →

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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 high school students in grades 9-12.

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Provided by the organization

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1 program · $9.9M · in their own filed words · FY2019

01

Solebury school operates on a trimester system with additional experiential education and academic programs during the two weeks of spring break and over the summer (including global education and travel). In FY2020 the school enrolled 228 students (9TH grade: 47, 10TH grade: 55, 11TH grade: 61, 12TH grade: 65).

$9.9Mprogram 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

Leap FoundationFY2025$34K

Total grants receivedfrom 1 funder$34K

Grants paid · 6 grants · $22.4M · 2019–2024

Unitemized GrantFY2024$4,314,837

Unitemized GrantFY2023$4,185,652

Unitemized GrantFY2022$3,915,520

Unitemized GrantFY2021$3,464,027

Unitemized GrantFY2020$3,479,419

Unitemized GrantFY2019$2,992,410

By the numbers

The FY2020 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$13.6M

Ln 12

Fees for servicesLn 2g$12.4M

Gifts and grantsLn 1h$924K

Investment incomeLn 3$230K

Money outPt IX

$13.8M

Ln 25

Programscol B$9.9M

Managementcol C$3.5M

Fundraisingcol D$334K

Owns and owesPt X

$18.7M

net assets · Ln 32

Cash and savingsLn 1–2$2.7M

Total assetsLn 16$28.0M

LiabilitiesLn 26$9.2M

PeoplePt VI, VII

26

listed · VII A

PaidVII A6

Voting boardVI 1a19

IndependentVI 1b19

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$924K

Noncash giftsLn 1g$154K

Fundraising eventsLn 1c$63K

Fees for servicesLn 2g$12.4M

Investment incomeLn 3$230K

Other incomeLn 4–11$141K

Gains on assetsLn 7$8K

Total revenueLn 12$13.6M

Assets in detailPt X, end of year

CashLn 1$816K

SavingsLn 2$1.9M

Cash and savings togetherLn 1–2$2.7M

InvestmentsLn 11–13$8.7M

Land, buildings, equipmentLn 10c$16.2M

Total assetsLn 16$28.0M

LiabilitiesLn 26$9.2M

Net assetsLn 32$18.7M

OperationsPt I, VI

EmployeesI 5181

VolunteersI 670

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 FY20	End FY20
Cash and savingsLn 1–2	$2.8M	$2.7M
InvestmentsLn 11–13	$8.7M	$8.7M
Land, buildings, equipmentLn 10c	$16.2M	$16.2M
Total assetsLn 16	$27.9M	$28.0M
LiabilitiesLn 26	$9.1M	$9.2M
Net assetsLn 32	$18.8M	$18.7M

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Grants to domestic individualsLn 2	$3.0M	$3.0M
Pay of current officers, directors and key staffLn 5	$456K	$14K	$415K	$27K
Other salaries and wagesLn 7	$5.7M	$3.8M	$1.7M	$219K
Pension plan contributionsLn 8	$309K	$209K	$89K	$12K
Other employee benefitsLn 9	$748K	$479K	$239K	$30K
Payroll taxesLn 10	$451K	$282K	$151K	$18K
Legal feesLn 11b	$73K		$73K
Accounting feesLn 11c	$47K		$47K
Investment management feesLn 11f	$16K		$16K
Other fees for servicesLn 11g	$120K	$57K	$63K	$6
Advertising and promotionLn 12	$110K	$6K	$104K	$12
Office expensesLn 13	$134K	$62K	$72K	$157
Information technologyLn 14	$136K	$90K	$46K	$127
OccupancyLn 16	$185K	$150K	$31K	$4K
TravelLn 17	$57K	$20K	$36K
InterestLn 20	$118K	$96K	$19K	$2K
Depreciation, depletion and amortizationLn 22	$732K	$611K	$108K	$13K
InsuranceLn 23	$201K	$164K	$33K	$4K
Other expenses (24a–d)Ln 24	$902K	$750K	$147K	$5K
All other expensesLn 24e	$261K	$99K	$161K	$416
Total functional expensesLn 25	$13.8M	$9.9M	$3.5M	$334K

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2025 Latest	$19.8M	$19.4M	$373K	$33.4M	990 PDF
FY2024	$21.5M	$18.9M	$2.6M	$31.6M	990 PDF
FY2023	$17.1M	$17.6M	−$487K	$27.5M	990 PDF
FY2022	$18.2M	$15.9M	$2.3M	$26.9M	990 PDF
FY2021	$15.8M	$14.2M	$1.6M	$22.7M	990 PDF
FY2020 Viewing	$13.6M	$13.8M	−$101K	$18.7M	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 FY2020 990 (6 parts)

Part I · Summary $13,649,377 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $1,146,685$923,815

I-9 Program service revenuePrior year $11,840,601$12,355,167

I-10 Investment incomePrior year $1,577,075$229,614

I-11 Other revenuePrior year $58,009$140,781

I-12 Total revenuePrior year $14,622,370$13,649,377

I-13 Grants and similar amounts paidPrior year $2,754,838$2,992,410

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

I-15 Salaries and benefitsPrior year $7,439,958$7,668,241

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

I-17 Other expensesPrior year $3,184,966$3,089,766

I-18 Total expensesPrior year $13,379,762$13,750,417

I-19 Revenue less expensesPrior year $1,242,608−$101,040

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 $13,649,377 across 11 lines filed

Lines not itemized here account for $49,653 of total revenue; see the IRS return.

VIII-1c Fundraising events$63,381

VIII-1f All other contributions, gifts and grants$860,434

VIII-1g Noncash contributions (included above)$154,332

VIII-1h Total contributions, gifts and grants$923,815

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $12,355,167$12,355,167

VIII-3 Investment incomeExcluded from tax $221,485$221,485

VIII-6 Net rental income or lossExcluded from tax $2,875$2,875

VIII-7 Net gain or loss on sales of assetsExcluded from tax $8,129$8,129

VIII-8 Net income from fundraising eventsExcluded from tax $35,623$35,623

VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $52,630$52,630

VIII-12 Total revenueRelated to mission $12,438,072 · Unrelated business $0 · Excluded from tax $287,490$13,649,377

Part IX · Statement of functional expenses $13,750,417 across 20 lines filed

IX-2 Grants to domestic individualsPrograms $2,992,410$2,992,410

IX-5 Pay of current officers, directors and key staffPrograms $13,667 · Management $414,948 · Fundraising $27,334$455,949

IX-7 Other salaries and wagesPrograms $3,807,760 · Management $1,678,174 · Fundraising $218,767$5,704,701

IX-8 Pension plan contributionsPrograms $208,533 · Management $88,576 · Fundraising $11,500$308,609

IX-9 Other employee benefitsPrograms $479,300 · Management $239,277 · Fundraising $29,634$748,211

IX-10 Payroll taxesPrograms $281,642 · Management $151,189 · Fundraising $17,940$450,771

IX-11b Legal feesManagement $72,667$72,667

IX-11c Accounting feesManagement $46,815$46,815

IX-11f Investment management feesManagement $15,510$15,510

IX-11g Other fees for servicesPrograms $56,938 · Management $63,288 · Fundraising $6$120,232

IX-12 Advertising and promotionPrograms $5,822 · Management $104,057 · Fundraising $12$109,891

IX-13 Office expensesPrograms $61,894 · Management $71,671 · Fundraising $157$133,722

IX-14 Information technologyPrograms $89,896 · Management $46,209 · Fundraising $127$136,232

IX-16 OccupancyPrograms $150,258 · Management $30,609 · Fundraising $3,635$184,502

IX-17 TravelPrograms $20,378 · Management $36,150$56,528

IX-20 InterestPrograms $96,147 · Management $19,490 · Fundraising $2,314$117,951

IX-22 Depreciation, depletion and amortizationPrograms $610,720 · Management $107,974 · Fundraising $12,822$731,516

IX-23 InsurancePrograms $164,000 · Management $33,408 · Fundraising $3,967$201,375

IX-24 Other expenses (24a–d)Programs $750,035 · Management $146,916 · Fundraising $5,344$902,295

IX-24e All other expensesPrograms $99,243 · Management $160,871 · Fundraising $416$260,530

IX-25 Total functional expensesPrograms $9,888,643 · Management $3,527,799 · Fundraising $333,975$13,750,417

Part X · Balance sheet $27,950,473 assets, 18 lines filed

X-1 Cash, non-interest-bearingStart of year $256,319$816,090

X-2 Savings and temporary cash investmentsStart of year $2,530,385$1,868,459

X-3 Pledges and grants receivableStart of year $141,850$119,652

X-4 Accounts receivableStart of year $8,338$68,050

X-9 Prepaid expenses and deferred chargesStart of year $105,785$98,246

X-10c Land, buildings and equipment, netStart of year $16,202,171$16,238,210

X-11 Publicly traded securitiesStart of year $8,673,359$8,741,766

X-16 Total assetsStart of year $27,918,207$27,950,473

X-17 Accounts payable and accrued expensesStart of year $605,116$659,900

X-19 Deferred revenueStart of year $4,742,167$3,899,334

X-20 Tax-exempt bond liabilitiesStart of year $2,571,323$2,440,054

X-24 Unsecured notes and loans payable$1,481,400

X-25 Other liabilitiesStart of year $100,835$70,212

X-26 Total liabilitiesStart of year $9,144,190$9,203,400

X-27 Net assets without donor restrictionsStart of year $10,210,713$9,739,207

X-28 Net assets with donor restrictionsStart of year $8,563,304$9,007,866

X-32 Total net assets or fund balancesStart of year $18,774,017$18,747,073

X-33 Total liabilities and net assetsStart of year $27,918,207$27,950,473

Part XI · Reconciliation of net assets $18,747,073 net assets at year end

XI-1 Total revenue$13,649,377

XI-2 Total expenses$13,750,417

XI-3 Revenue less expenses−$101,040

XI-4 Net assets at start of year$18,774,017

XI-5 Net unrealized gains (losses) on investments$76,761

XI-9 Other changes in net assets−$2,665

XI-10 Net assets at end of year$18,747,073

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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Solebury School FY2020 filing

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