A preschool through 12th grade, private, college preparatory School. The school's mission statement is "together, cultivating the best in each for the benefit of all."

501(c)(3) charity; gifts are tax-deductible.
78¢ of each $1 spent went to programs.
Run by 575 volunteers and 424 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · 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
6 of 6
filings with a surplus
Average surplus $6.4M a year · 15% of revenue · last 6 filings
Looks good: a surplus in 6 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
$1.5M
to officers and key staff · 4% of spending
Looks good: pay to officers and key staff is 4% of spending; 15% or less.
Pt VII · Sec A
6 mo
of spending, in cash
Plus $50.7M in investments, Pt X · Ln 11–13
Looks good: 6.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $36K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$9.7M
5% of total assets
Looks good: liabilities are 5% of assets; 50% or less.
Pt X · Ln 26
Independent board members
22
of 22 voting members
Looks good: 22 of 22 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$45.1M
+9% vs prior year
Spent
$42.3M
To programs
78%
Net assets
$176.2M
By yearFY2020–FY2025
Revenue
$45.1M
FY2025▲ +9%
Tap a bar for its year
Revenue by fiscal year
FY2020$36.7M
FY2021$48.5M
FY2022$51.1M
FY2023$39.2M
FY2024$41.2M
FY2025$45.1M
Expenses
$42.3M
FY2025▲ +5%
Tap a bar for its year
Expenses by fiscal year
FY2020$31.8M
FY2021$33.4M
FY2022$37.4M
FY2023$38.3M
FY2024$40.3M
FY2025$42.3M
Net assets
$176.2M
FY2025▲ +4%
Tap a bar for its year
Net assets by fiscal year
FY2020$123.9M
FY2021$151.9M
FY2022$155.7M
FY2023$161.7M
FY2024$169.4M
FY2025$176.2M

From the FY2025 Form 990 (year ending June 2025) · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Feb 1988.

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% · $33.1M Management & general 19% · $8.0M Fundraising 3% · $1.2M

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

29 people listed on the 990; $1.5M paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Head of School
$595,865Pt VII · Sec A
Chief Financial Officer
$192,620Pt VII · Sec A
Assistant Head of School
$174,693Pt VII · Sec A
Director of Operations
$150,491Pt VII · Sec A
Upper School Division Head
$148,374Pt VII · Sec A
Middle School Division Hea
$140,337Pt VII · Sec A
Associate Head of School
$138,616Pt VII · Sec A
$0Pt VII · Sec A

John Shelley’s $596K as Head of School is at the 94th 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
John Shelley$595,865$508,108$456,018$422,265$371,208$183,435
Steve Bellis————$187,079$410,070
James Miller——$291,039$223,854$218,145$208,970
Sandra Smith$192,620$179,972$92,760———
Barbara Head$174,693$171,271$160,664$149,267$151,511—
Paul Schlimm$150,491$144,022————
William Hill$148,374$142,207$136,442$130,734$127,112$122,632
David Burke—$130,995$142,961$115,784$116,913$109,003

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 from preschool through 12th grade in a college preparatory setting.

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3 programs · $29.9M · in their own filed words · FY2024
01

Upper School

The PHS curriculum is comprehensive, encompassing a full complement of courses in english, social studies, science, mathematics, languages, computer science, the fine arts and physical education. This curriculum has been carefully planned to foster full and sequential skill development.

$13.4Mprogram expense
02

Lower School

The PHS lower school's learning design is built around self-contained classrooms. Each grade level has three separate homerooms and a team of teachers and assistant teachers who teach language arts, social studies, science and math. The major part of the student's day is spent with homeroom teachers.

$9.0Mprogram expense
03

Middle School

The middle school at PHS is committed to educational excellence. We recognize that each individual student is unique and has special needs. We have designed our academic and nonacademic programs to provide students with a wide variety of educational experiences that will assist them in reaching their full academic, physical and emotional…

$7.4Mprogram 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 1 funder$36K
Grants paid · 36 grants · $24.6M · 2019–2024
Unitemized GrantFY2024$2,316,014
Unitemized GrantFY2024$1,665,578
Unitemized GrantFY2024$137,500
Unitemized GrantFY2024$118,500
Unitemized GrantFY2024$70,514
Unitemized GrantFY2024$63,000
Unitemized GrantFY2023$2,205,019
Unitemized GrantFY2023$1,630,027
Unitemized GrantFY2023$124,000
Unitemized GrantFY2023$122,000
Unitemized GrantFY2023$86,500
Unitemized GrantFY2023$79,027
Unitemized GrantFY2022$2,291,639
Unitemized GrantFY2022$1,603,165
Unitemized GrantFY2022$120,500
Unitemized GrantFY2022$120,000
Unitemized GrantFY2022$79,693
Unitemized GrantFY2022$78,500
See all 36 grants →

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$45.1M
Ln 12
Fees for servicesLn 2g$35.3M
Investment incomeLn 3$5.0M
Gifts and grantsLn 1h$4.5M
Money outPt IX
$42.3M
Ln 25
Programscol B$33.1M
Managementcol C$8.0M
Fundraisingcol D$1.2M
Owns and owesPt X
$176.2M
net assets · Ln 32
Cash and savingsLn 1–2$22.0M
Total assetsLn 16$185.9M
LiabilitiesLn 26$9.7M
PeoplePt VI, VII
29
listed · VII A
PaidVII A7
Voting boardVI 1a22
IndependentVI 1b22
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$4.5M
Government grantsLn 1e$263K
Noncash giftsLn 1g$128K
Fees for servicesLn 2g$35.3M
Investment incomeLn 3$5.0M
Other incomeLn 4–11$205K
Gains on assetsLn 7$2.1M
Total revenueLn 12$45.1M
Assets in detailPt X, end of year
CashLn 1$9.2M
SavingsLn 2$12.8M
Cash and savings togetherLn 1–2$22.0M
InvestmentsLn 11–13$50.7M
Land, buildings, equipmentLn 10c$74.6M
Other assetsLn 15$36.0M
Total assetsLn 16$185.9M
LiabilitiesLn 26$9.7M
Net assetsLn 32$176.2M
OperationsPt I, VI
EmployeesI 5424
VolunteersI 6575
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 FY25End FY25
Cash and savingsLn 1–2$17.9M$22.0M
InvestmentsLn 11–13$77.8M$50.7M
Land, buildings, equipmentLn 10c$77.4M$74.6M
Total assetsLn 16$179.1M$185.9M
LiabilitiesLn 26$9.7M$9.7M
Net assetsLn 32$169.4M$176.2M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$4.4M$4.4M
Pay of current officers, directors and key staffLn 5$1.0M$1.0M
Other salaries and wagesLn 7$19.3M$15.9M$2.7M$649K
Pension plan contributionsLn 8$1.1M$867K$165K$49K
Other employee benefitsLn 9$2.6M$2.2M$250K$104K
Payroll taxesLn 10$991K$894K$51K$47K
Legal feesLn 11b$75K$75K
Accounting feesLn 11c$37K$37K
Other fees for servicesLn 11g$2.1M$1.3M$685K$106K
Advertising and promotionLn 12$69K$1K$67K
Office expensesLn 13$662K$383K$217K$62K
Information technologyLn 14$938K$137K$782K$19K
RoyaltiesLn 15$13K$13K$420
OccupancyLn 16$1.1M$846K$216K$4K
TravelLn 17$505K$290K$208K$8K
Depreciation, depletion and amortizationLn 22$4.2M$3.8M$418K
InsuranceLn 23$640K$400K$238K$3K
Other expenses (24a–d)Ln 24$2.0M$1.4M$549K$103K
All other expensesLn 24e$708K$371K$312K$25K
Total functional expensesLn 25$42.3M$33.1M$8.0M$1.2M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $45.1M$42.3M$2.8M$176.2M 990 PDF
FY2024 $41.2M$40.3M$913K$169.4M 990 PDF
FY2023 $39.2M$38.3M$903K$161.7M 990 PDF
FY2022 $51.1M$37.4M$13.7M$155.7M 990 PDF
FY2021 $48.5M$33.4M$15.1M$151.9M 990 PDF
FY2020 $36.7M$31.8M$5.0M$123.9M 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 FY2025 990 (6 parts)
Part I · Summary $45,070,337 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $3,229,922$4,529,243
I-9 Program service revenuePrior year $33,179,521$35,286,282
I-10 Investment incomePrior year $4,622,207$5,049,826
I-11 Other revenuePrior year $183,702$204,986
I-12 Total revenuePrior year $41,215,352$45,070,337
I-13 Grants and similar amounts paidPrior year $4,246,573$4,371,106
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $23,283,232$24,910,794
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $12,772,813$13,013,473
I-18 Total expensesPrior year $40,302,618$42,295,373
I-19 Revenue less expensesPrior year $912,734$2,774,964
Part VI · Governance 22 of 22 board members independent, no flags
VI-1a Voting members of the governing body22
VI-1b Independent voting members22
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 $45,070,337 across 10 lines filed
Lines not itemized here account for $152,145 of total revenue; see the IRS return.
VIII-1e Government grants$262,901
VIII-1f All other contributions, gifts and grants$4,266,342
VIII-1g Noncash contributions (included above)$128,296
VIII-1h Total contributions, gifts and grants$4,529,243
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $35,286,282$35,286,282
VIII-3 Investment incomeExcluded from tax $2,983,689$2,983,689
VIII-6 Net rental income or lossExcluded from tax $51,991$51,991
VIII-7 Net gain or loss on sales of assetsExcluded from tax $2,066,137$2,066,137
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Unrelated business $850$850
VIII-12 Total revenueRelated to mission $35,438,427 · Unrelated business $850 · Excluded from tax $5,101,817$45,070,337
Part IX · Statement of functional expenses $42,295,373 across 19 lines filed
IX-2 Grants to domestic individualsPrograms $4,371,106$4,371,106
IX-5 Pay of current officers, directors and key staffManagement $1,006,493$1,006,493
IX-7 Other salaries and wagesPrograms $15,919,424 · Management $2,702,229 · Fundraising $648,990$19,270,643
IX-8 Pension plan contributionsPrograms $867,195 · Management $165,258 · Fundraising $48,814$1,081,267
IX-9 Other employee benefitsPrograms $2,208,083 · Management $249,699 · Fundraising $103,994$2,561,776
IX-10 Payroll taxesPrograms $893,520 · Management $50,574 · Fundraising $46,521$990,615
IX-11b Legal feesManagement $75,375$75,375
IX-11c Accounting feesManagement $36,993$36,993
IX-11g Other fees for servicesPrograms $1,309,943 · Management $684,610 · Fundraising $105,726$2,100,279
IX-12 Advertising and promotionPrograms $1,121 · Management $67,431$68,552
IX-13 Office expensesPrograms $383,457 · Management $217,212 · Fundraising $61,748$662,417
IX-14 Information technologyPrograms $136,832 · Management $782,304 · Fundraising $18,699$937,835
IX-15 RoyaltiesPrograms $12,702 · Management $420$13,122
IX-16 OccupancyPrograms $846,408 · Management $215,617 · Fundraising $3,585$1,065,610
IX-17 TravelPrograms $290,021 · Management $207,716 · Fundraising $7,543$505,280
IX-22 Depreciation, depletion and amortizationPrograms $3,757,872 · Management $417,541$4,175,413
IX-23 InsurancePrograms $399,836 · Management $237,507 · Fundraising $2,873$640,216
IX-24 Other expenses (24a–d)Programs $1,372,390 · Management $549,066 · Fundraising $102,842$2,024,298
IX-24e All other expensesPrograms $370,626 · Management $312,119 · Fundraising $25,338$708,083
IX-25 Total functional expensesPrograms $33,140,536 · Management $7,978,164 · Fundraising $1,176,673$42,295,373
Part X · Balance sheet $185,889,548 assets, 18 lines filed
X-1 Cash, non-interest-bearingStart of year $5,217,917$9,229,626
X-2 Savings and temporary cash investmentsStart of year $12,718,890$12,791,623
X-3 Pledges and grants receivableStart of year $3,092,284$2,249,479
X-4 Accounts receivableStart of year $2,336,222$61,193
X-8 Inventories for sale or useStart of year $138,969$157,368
X-9 Prepaid expenses and deferred chargesStart of year $10,503$16,979
X-10c Land, buildings and equipment, netStart of year $77,413,258$74,647,471
X-11 Publicly traded securitiesStart of year $77,807,444$50,705,583
X-15 Other assetsStart of year $325,991$36,030,226
X-16 Total assetsStart of year $179,061,478$185,889,548
X-17 Accounts payable and accrued expensesStart of year $3,198,901$3,228,856
X-19 Deferred revenueStart of year $6,360,783$6,427,919
X-25 Other liabilitiesStart of year $138,278$72,785
X-26 Total liabilitiesStart of year $9,697,962$9,729,560
X-27 Net assets without donor restrictionsStart of year $67,275,747$72,437,396
X-28 Net assets with donor restrictionsStart of year $102,087,769$103,722,592
X-32 Total net assets or fund balancesStart of year $169,363,516$176,159,988
X-33 Total liabilities and net assetsStart of year $179,061,478$185,889,548
Part XI · Reconciliation of net assets $176,159,988 net assets at year end
XI-1 Total revenue$45,070,337
XI-2 Total expenses$42,295,373
XI-3 Revenue less expenses$2,774,964
XI-4 Net assets at start of year$169,363,516
XI-5 Net unrealized gains (losses) on investments$4,021,508
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$176,159,988

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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