Georgetown Day School INC: Nonprofit Profile, Financials & Form 990 (EIN 53-0204701)

Revenue by fiscal year
FY2020	$74.6M
FY2021	$96.6M
FY2022	$58.2M
FY2023	$59.3M
FY2024	$83.4M
FY2025	$69.2M

Expenses by fiscal year
FY2020	$48.3M
FY2021	$54.8M
FY2022	$59.3M
FY2023	$64.4M
FY2024	$64.2M
FY2025	$66.1M

Net assets by fiscal year
FY2020	$140.7M
FY2021	$201.2M
FY2022	$199.0M
FY2023	$204.7M
FY2024	$220.7M
FY2025	$231.8M

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Apr 1950.

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

Where the money goes

71 cents of each dollar spent went to programs.

71%

25%

Program services 71% · $46.9M Management & general 25% · $16.6M Fundraising 4% · $2.6M

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

28 people listed on the 990; $2.4M 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

Russell Shaw

Head of School

$1,198,514Pt VII · Sec A

Margaret Rabinowitz

Associate Hos (thru 6/30/25)

$256,136Pt VII · Sec A

Debby Previna

Assistant Head, T & L

$201,698Pt VII · Sec A

Yom Fox

High School Principal (thru 6/30/25)

$184,131Pt VII · Sec A

Erica Demille

Director of Data Management

$180,938Pt VII · Sec A

Kelsey Schroeder

Middle School Principal

$178,496Pt VII · Sec A

Kathleen Chery

Former CFO

$128,201Pt VII · Sec A

Rahel Rosner

CFO (as of 8/24)

$116,977Pt VII · Sec A

Russell Shaw’s $1.2M as Head of School is at the 99th 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
Russell Shaw	$1,198,514	$632,526	$622,607	$752,590	$769,284	$844,630
Jeffrey Houser	—	—	$177,203	$259,857	$252,217	$241,728
Margaret Rabinowitz	$256,136	$243,888	—	—	—	—
Kevin Barr	—	—	—	—	—	$238,586
Debby Previna	$201,698	$185,303	$171,301	$168,379	$165,055	$169,730
Carol McNair	—	—	$192,285	$193,694	$178,150	—
Katie Gibson	—	—	$163,982	$187,762	$183,376	$176,919
Laura Yee	—	—	$172,434	$185,602	$180,236	$166,582

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 to foster intellectual curiosity, character, and a lifelong love of learning.

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Provided by the organization

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1 program · $46.9M · in their own filed words · FY2024

01

Georgetown day school honors the integrity and worth of each individual within a diverse school community. GDS is dedicated to providing a supportive educational atmosphere in which teachers challenge the intellectual, reative, and physical abilities of our students and foster strength of character and concern for others.

$46.9Mprogram 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 · FY2024

Fidelity Investments Charitable Gift FundFY2024$494K

Donor Advised Charitable Giving INCFY2024$260K

David Alden and Dina Al-Sabah Family FoundationFY2024$200K

Robert I Schattner Foundation INCFY2024$100K

The Nussdorf Family Foundation INCFY2024$100K

Vanguard Charitable Endowment ProgramFY2024$78K

The US Charitable Gift TrustFY2024$54K

American Online Giving Foundation INCFY2024$47K

Total grants receivedfrom 37 funders$1.6M

See all 37 funders →

Grants paid · 14 grants · $51.7M · 2019–2024

Unitemized GrantFY2024$10,005,590

Unitemized GrantFY2024$95,094

Unitemized GrantFY2023$8,839,978

Unitemized GrantFY2023$107,714

Unitemized GrantFY2022$8,413,310

Unitemized GrantFY2022$289,133

Unitemized GrantFY2021$8,289,549

Unitemized GrantFY2021$263,821

Unitemized GrantFY2020$7,796,175

Unitemized GrantFY2020$299,520

Unitemized GrantFY2020$36,048

Unitemized GrantFY2019$7,087,326

Unitemized GrantFY2019$117,658

Unitemized GrantFY2019$79,601

By the numbers

The FY2025 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$69.2M

Ln 12

Fees for servicesLn 2g$57.7M

Gifts and grantsLn 1h$7.5M

Investment incomeLn 3$3.3M

Money outPt IX

$66.1M

Ln 25

Programscol B$46.9M

Managementcol C$16.6M

Fundraisingcol D$2.6M

Owns and owesPt X

$231.8M

net assets · Ln 32

Cash and savingsLn 1–2$10.0M

Total assetsLn 16$333.1M

LiabilitiesLn 26$101.3M

PeoplePt VI, VII

28

listed · VII A

PaidVII A8

Voting boardVI 1a20

IndependentVI 1b20

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$7.5M

Noncash giftsLn 1g$97K

Fees for servicesLn 2g$57.7M

Investment incomeLn 3$3.3M

Other incomeLn 4–11$781K

Gains on assetsLn 7$889K

Total revenueLn 12$69.2M

Assets in detailPt X, end of year

CashLn 1$7.1M

SavingsLn 2$2.9M

Cash and savings togetherLn 1–2$10.0M

InvestmentsLn 11–13$109.1M

Land, buildings, equipmentLn 10c$158.0M

Other assetsLn 15$46.4M

Total assetsLn 16$333.1M

LiabilitiesLn 26$101.3M

Net assetsLn 32$231.8M

OperationsPt I, VI

EmployeesI 5541

VolunteersI 6150

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 FY25	End FY25
Cash and savingsLn 1–2	$6.1M	$10.0M
InvestmentsLn 11–13	$101.8M	$109.1M
Land, buildings, equipmentLn 10c	$161.2M	$158.0M
Total assetsLn 16	$322.6M	$333.1M
LiabilitiesLn 26	$101.9M	$101.3M
Net assetsLn 32	$220.7M	$231.8M

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Grants to domestic individualsLn 2	$10.1M	$10.1M
Pay of current officers, directors and key staffLn 5	$1.6M	$1.1M	$420K	$65K
Other salaries and wagesLn 7	$27.5M	$19.2M	$7.2M	$1.1M
Pension plan contributionsLn 8	$1.6M	$1.1M	$426K	$66K
Other employee benefitsLn 9	$2.3M	$1.6M	$608K	$94K
Payroll taxesLn 10	$2.6M	$1.8M	$674K	$104K
Legal feesLn 11b	$104K		$104K
Accounting feesLn 11c	$65K		$65K
Investment management feesLn 11f	$172K		$172K
Other fees for servicesLn 11g	$3.2M	$2.4M	$667K	$150K
Office expensesLn 13	$4.0M	$3.1M	$565K	$326K
Information technologyLn 14	$1.1M	$316K	$825K
OccupancyLn 16	$1.2M	$1.2M
TravelLn 17	$776K	$692K	$82K	$2K
InterestLn 20	$1.6M	$1.6M
Depreciation, depletion and amortizationLn 22	$4.2M	$4.2M
InsuranceLn 23	$371K	$371K
Other expenses (24a–d)Ln 24	$2.7M	−$2.3M	$4.4M	$587K
All other expensesLn 24e	$930K	$390K	$480K	$60K
Total functional expensesLn 25	$66.1M	$46.9M	$16.6M	$2.6M

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2025 Latest Viewing	$69.2M	$66.1M	$3.1M	$231.8M	990 PDF
FY2024	$83.4M	$64.2M	$19.2M	$220.7M	990 PDF
FY2023	$59.3M	$64.4M	−$5.1M	$204.7M	990 PDF
FY2022	$58.2M	$59.3M	−$1.1M	$199.0M	990 PDF
FY2021	$96.6M	$54.8M	$41.8M	$201.2M	990 PDF
FY2020	$74.6M	$48.3M	$26.4M	$140.7M	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 FY2025 990 (6 parts)

Part I · Summary $69,228,370 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $8,010,040$7,488,754

I-9 Program service revenuePrior year $55,453,633$57,690,713

I-10 Investment incomePrior year $19,369,565$3,267,999

I-11 Other revenuePrior year $609,227$780,904

I-12 Total revenuePrior year $83,442,465$69,228,370

I-13 Grants and similar amounts paidPrior year $8,947,692$10,100,684

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

I-15 Salaries and benefitsPrior year $35,477,285$35,658,041

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

I-17 Other expensesPrior year $19,814,603$20,390,022

I-18 Total expensesPrior year $64,239,580$66,148,747

I-19 Revenue less expensesPrior year $19,202,885$3,079,623

Part VI · Governance 20 of 20 board members independent, no flags

VI-1a Voting members of the governing body20

VI-1b Independent voting members20

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 $69,228,370 across 9 lines filed

VIII-1f All other contributions, gifts and grants$7,488,754

VIII-1g Noncash contributions (included above)$96,614

VIII-1h Total contributions, gifts and grants$7,488,754

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $57,690,713$57,690,713

VIII-3 Investment incomeExcluded from tax $2,378,778$2,378,778

VIII-6 Net rental income or lossExcluded from tax $557,292$557,292

VIII-7 Net gain or loss on sales of assetsExcluded from tax $889,221$889,221

VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $223,612$223,612

VIII-12 Total revenueRelated to mission $57,690,713 · Unrelated business $0 · Excluded from tax $4,048,903$69,228,370

Part IX · Statement of functional expenses $66,148,747 across 19 lines filed

IX-2 Grants to domestic individualsPrograms $10,100,684$10,100,684

IX-5 Pay of current officers, directors and key staffPrograms $1,122,811 · Management $419,950 · Fundraising $64,736$1,607,497

IX-7 Other salaries and wagesPrograms $19,217,112 · Management $7,187,529 · Fundraising $1,107,964$27,512,605

IX-8 Pension plan contributionsPrograms $1,138,747 · Management $425,911 · Fundraising $65,654$1,630,312

IX-9 Other employee benefitsPrograms $1,626,171 · Management $608,215 · Fundraising $93,757$2,328,143

IX-10 Payroll taxesPrograms $1,801,728 · Management $673,877 · Fundraising $103,879$2,579,484

IX-11b Legal feesManagement $104,203$104,203

IX-11c Accounting feesManagement $64,636$64,636

IX-11f Investment management feesManagement $172,389$172,389

IX-11g Other fees for servicesPrograms $2,398,381 · Management $666,515 · Fundraising $150,369$3,215,265

IX-13 Office expensesPrograms $3,074,679 · Management $564,559 · Fundraising $326,184$3,965,422

IX-14 Information technologyPrograms $316,287 · Management $824,554$1,140,841

IX-16 OccupancyPrograms $1,229,389$1,229,389

IX-17 TravelPrograms $692,063 · Management $81,628 · Fundraising $2,222$775,913

IX-20 InterestPrograms $1,563,821$1,563,821

IX-22 Depreciation, depletion and amortizationPrograms $4,200,475$4,200,475

IX-23 InsurancePrograms $370,782$370,782

IX-24 Other expenses (24a–d)Programs −$2,301,770 · Management $4,371,864 · Fundraising $586,534$2,656,628

IX-24e All other expensesPrograms $389,563 · Management $480,396 · Fundraising $60,299$930,258

IX-25 Total functional expensesPrograms $46,940,923 · Management $16,646,226 · Fundraising $2,561,598$66,148,747

Part X · Balance sheet $333,122,612 assets, 19 lines filed

X-1 Cash, non-interest-bearingStart of year $4,091,247$7,074,984

X-2 Savings and temporary cash investmentsStart of year $2,051,653$2,927,409

X-3 Pledges and grants receivableStart of year $6,807,655$8,651,777

X-4 Accounts receivableStart of year $251,431$213,120

X-9 Prepaid expenses and deferred chargesStart of year $1,766,699$791,621

X-10c Land, buildings and equipment, netStart of year $161,206,283$157,957,505

X-11 Publicly traded securitiesStart of year $100,563,215$108,002,941

X-12 Other securitiesStart of year $1,224,451$1,079,140

X-15 Other assetsStart of year $44,667,903$46,424,115

X-16 Total assetsStart of year $322,630,537$333,122,612

X-17 Accounts payable and accrued expensesStart of year $7,810,450$5,521,209

X-19 Deferred revenueStart of year $5,898,372$6,855,646

X-20 Tax-exempt bond liabilitiesStart of year $46,353,420$44,613,774

X-25 Other liabilitiesStart of year $41,833,676$44,345,066

X-26 Total liabilitiesStart of year $101,895,918$101,335,695

X-27 Net assets without donor restrictionsStart of year $186,597,647$193,180,000

X-28 Net assets with donor restrictionsStart of year $34,136,972$38,606,917

X-32 Total net assets or fund balancesStart of year $220,734,619$231,786,917

X-33 Total liabilities and net assetsStart of year $322,630,537$333,122,612

Part XI · Reconciliation of net assets $231,786,917 net assets at year end

XI-1 Total revenue$69,228,370

XI-2 Total expenses$66,148,747

XI-3 Revenue less expenses$3,079,623

XI-4 Net assets at start of year$220,734,619

XI-5 Net unrealized gains (losses) on investments$8,739,713

XI-9 Other changes in net assets−$767,038

XI-10 Net assets at end of year$231,786,917

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

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