The Pine School INC: FY2021 Nonprofit Profile & Form 990 (EIN 59-1276282)

Binney P Caffrey’s $303K as Head of School is at the 66th 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 · 6 named individuals · Part VII

Name	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020
Binney P Caffrey	$303,497	$296,797	$250,679	$230,872	$223,669	$209,839
John Boyer	$127,500	$118,500	$112,353	$109,473	$103,625	—
Kelly Carlson	$112,115	$125,000	—	—	—	—
Kelly Hilton-Green	$114,240	$115,200	$104,339	$106,665	—	—
Jeffrey Shirk	$111,000	—	—	—	—	—
Paul Needham	—	$109,500	—	—	—	—

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 The Pine School INC executive salaries →

On this list? Claim this org

Something off? Claim to add context

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 Kindergarten through 12th grade, fostering academic, artistic, and athletic excellence.

Questions for The Pine School INC

Tap to ask. The Pine School INC sees how many people are interested.

Your first name shows with your question. The Pine School INC answers here, for everyone.

Provided by the organization

Know this org? Add your story

1 program · $8.6M · in their own filed words · FY2020

01

The Pine School is a college preparatory nonsectarian day school which provides a superior college preparatory education for children of kindergarten age through 12th grade by providing instruction and student activities. Average enrollment is over 360 students.

$8.6Mprogram 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

Richard G Jacobus Family Foundation INCFY2025$1K

Total grants receivedfrom 1 funder$1K

Grants paid · 8 grants · $5.4M · 2023–2024

Unitemized GrantFY2024$1,355,909

Unitemized GrantFY2024$633,400

Unitemized GrantFY2024$299,694

Unitemized GrantFY2024$241,138

Unitemized GrantFY2023$1,688,123

Unitemized GrantFY2023$589,625

Unitemized GrantFY2023$360,284

Unitemized GrantFY2023$231,848

By the numbers

The FY2021 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$13.0M

Ln 12

Fees for servicesLn 2g$9.5M

Gifts and grantsLn 1h$2.9M

Investment incomeLn 3$350K

Money outPt IX

$10.2M

Ln 25

Programscol B$8.6M

Managementcol C$1.1M

Fundraisingcol D$493K

Owns and owesPt X

$9.0M

net assets · Ln 32

Cash and savingsLn 1–2$4.6M

Total assetsLn 16$19.3M

LiabilitiesLn 26$10.3M

PeoplePt VI, VII

23

listed · VII A

PaidVII A2

Voting boardVI 1a21

IndependentVI 1b21

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$2.9M

Government grantsLn 1e$990K

Noncash giftsLn 1g$36K

Fundraising eventsLn 1c$150K

Fees for servicesLn 2g$9.5M

Investment incomeLn 3$350K

Other incomeLn 4–11$256K

Gains on assetsLn 7$286K

Total revenueLn 12$13.0M

Assets in detailPt X, end of year

CashLn 1$209K

SavingsLn 2$4.4M

Cash and savings togetherLn 1–2$4.6M

InvestmentsLn 11–13$2.7M

Land, buildings, equipmentLn 10c$11.5M

Other assetsLn 15$80K

Total assetsLn 16$19.3M

LiabilitiesLn 26$10.3M

Net assetsLn 32$9.0M

OperationsPt I, VI

EmployeesI 5121

VolunteersI 615

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	$3.8M	$4.6M
InvestmentsLn 11–13	$2.4M	$2.7M
Land, buildings, equipmentLn 10c	$9.8M	$11.5M
Total assetsLn 16	$16.4M	$19.3M
LiabilitiesLn 26	$10.5M	$10.3M
Net assetsLn 32	$5.9M	$9.0M

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Grants to domestic individualsLn 2	$2.5M	$2.5M
Pay of current officers, directors and key staffLn 5	$608K	$482K	$79K	$47K
Other salaries and wagesLn 7	$3.9M	$3.1M	$501K	$299K
Pension plan contributionsLn 8	$64K	$51K	$8K	$5K
Other employee benefitsLn 9	$283K	$225K	$37K	$22K
Payroll taxesLn 10	$308K	$244K	$40K	$24K
Legal feesLn 11b	$7K		$7K
Accounting feesLn 11c	$57K		$57K
Other fees for servicesLn 11g	$3K		$3K
Office expensesLn 13	$103K	$36K	$67K
OccupancyLn 16	$357K	$300K	$36K	$21K
TravelLn 17	$63K	$51K		$11K
InterestLn 20	$218K	$173K	$28K	$17K
Depreciation, depletion and amortizationLn 22	$293K	$233K	$38K	$23K
InsuranceLn 23	$147K	$116K	$19K	$11K
Other expenses (24a–d)Ln 24	$1.2M	$1.1M	$104K	$14K
All other expensesLn 24e	$99K	$61K	$37K
Total functional expensesLn 25	$10.2M	$8.6M	$1.1M	$493K

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2025 Latest	$25.5M	$16.4M	$9.1M	$24.1M	990 PDF
FY2024	$17.2M	$15.3M	$1.9M	$14.8M	990 PDF
FY2023	$15.1M	$13.6M	$1.5M	$12.6M	990 PDF
FY2022	$13.5M	$11.2M	$2.2M	$11.0M	990 PDF
FY2021 Viewing	$13.0M	$10.2M	$2.9M	$9.0M	990 PDF
FY2020	$10.3M	$9.9M	$385K	$5.9M	990 PDF

More to add? Claim this org

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 FY2021 990 (6 parts)

Part I · Summary $13,018,702 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $966,736$2,899,025

I-9 Program service revenuePrior year $9,609,895$9,513,594

I-10 Investment incomePrior year $2,834$349,696

I-11 Other revenuePrior year −$286,491$256,387

I-12 Total revenuePrior year $10,292,974$13,018,702

I-13 Grants and similar amounts paidPrior year $2,230,850$2,492,270

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

I-15 Salaries and benefitsPrior year $5,128,865$5,139,759

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

I-17 Other expensesPrior year $2,548,542$2,527,735

I-18 Total expensesPrior year $9,908,257$10,159,764

I-19 Revenue less expensesPrior year $384,717$2,858,938

Part VI · Governance 21 of 21 board members independent, no flags

VI-1a Voting members of the governing body21

VI-1b Independent voting members21

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 $13,018,702 across 11 lines filed

VIII-1c Fundraising events$150,094

VIII-1e Government grants$990,100

VIII-1f All other contributions, gifts and grants$1,758,831

VIII-1g Noncash contributions (included above)$36,038

VIII-1h Total contributions, gifts and grants$2,899,025

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $9,513,594$9,513,594

VIII-3 Investment incomeExcluded from tax $63,834$63,834

VIII-7 Net gain or loss on sales of assetsExcluded from tax $285,862$285,862

VIII-8 Net income from fundraising eventsExcluded from tax −$20,789−$20,789

VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $277,176$277,176

VIII-12 Total revenueRelated to mission $9,513,594 · Unrelated business $0 · Excluded from tax $606,083$13,018,702

Part IX · Statement of functional expenses $10,159,764 across 17 lines filed

IX-2 Grants to domestic individualsPrograms $2,492,270$2,492,270

IX-5 Pay of current officers, directors and key staffPrograms $482,383 · Management $78,572 · Fundraising $46,846$607,801

IX-7 Other salaries and wagesPrograms $3,077,222 · Management $501,231 · Fundraising $298,845$3,877,298

IX-8 Pension plan contributionsPrograms $50,652 · Management $8,251 · Fundraising $4,919$63,822

IX-9 Other employee benefitsPrograms $224,720 · Management $36,603 · Fundraising $21,824$283,147

IX-10 Payroll taxesPrograms $244,200 · Management $39,776 · Fundraising $23,715$307,691

IX-11b Legal feesManagement $6,570$6,570

IX-11c Accounting feesManagement $56,824$56,824

IX-11g Other fees for servicesManagement $3,447$3,447

IX-13 Office expensesPrograms $36,162 · Management $66,965$103,127

IX-16 OccupancyPrograms $299,518 · Management $35,950 · Fundraising $21,434$356,902

IX-17 TravelPrograms $51,408 · Fundraising $11,181$62,589

IX-20 InterestPrograms $172,715 · Management $28,133 · Fundraising $16,773$217,621

IX-22 Depreciation, depletion and amortizationPrograms $232,667 · Management $37,898 · Fundraising $22,595$293,160

IX-23 InsurancePrograms $116,431 · Management $18,965 · Fundraising $11,307$146,703

IX-24 Other expenses (24a–d)Programs $1,064,627 · Management $103,623 · Fundraising $13,652$1,181,902

IX-24e All other expensesPrograms $61,461 · Management $37,429$98,890

IX-25 Total functional expensesPrograms $8,606,436 · Management $1,060,237 · Fundraising $493,091$10,159,764

Part X · Balance sheet $19,297,694 assets, 18 lines filed

X-1 Cash, non-interest-bearingStart of year $52,519$208,521

X-2 Savings and temporary cash investmentsStart of year $3,791,137$4,429,698

X-3 Pledges and grants receivableStart of year $24,062$151,447

X-4 Accounts receivableStart of year $42,041$40,371

X-9 Prepaid expenses and deferred chargesStart of year $118,336$177,415

X-10c Land, buildings and equipment, netStart of year $9,845,012$11,540,353

X-11 Publicly traded securitiesStart of year $2,414,732$2,669,889

X-15 Other assetsStart of year $80,000$80,000

X-16 Total assetsStart of year $16,367,839$19,297,694

X-17 Accounts payable and accrued expensesStart of year $570,717$306,384

X-19 Deferred revenueStart of year $2,372,899$3,800,368

X-24 Unsecured notes and loans payableStart of year $990,100$0

X-25 Other liabilitiesStart of year $318,644$156,386

X-26 Total liabilitiesStart of year $10,506,947$10,322,707

X-27 Net assets without donor restrictionsStart of year $2,393,073$5,822,927

X-28 Net assets with donor restrictionsStart of year $3,467,819$3,152,060

X-32 Total net assets or fund balancesStart of year $5,860,892$8,974,987

X-33 Total liabilities and net assetsStart of year $16,367,839$19,297,694

Part XI · Reconciliation of net assets $8,974,987 net assets at year end

XI-1 Total revenue$13,018,702

XI-2 Total expenses$10,159,764

XI-3 Revenue less expenses$2,858,938

XI-4 Net assets at start of year$5,860,892

XI-5 Net unrealized gains (losses) on investments$255,157

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year$8,974,987

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

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

Your org? Add context

Made it to the end? Claim this org

The Pine School INC FY2021 filing

Before you give

Is it real?

Where the money goes

Who runs it and what they're paid