Mark Day School: Nonprofit Profile, Financials & Form 990 (EIN 94-2598891)

Revenue by fiscal year
FY2020	$15.3M
FY2021	$18.7M
FY2022	$18.4M
FY2023	$19.3M
FY2024	$20.8M
FY2025	$23.0M

Expenses by fiscal year
FY2020	$15.3M
FY2021	$16.3M
FY2022	$17.4M
FY2023	$19.0M
FY2024	$20.3M
FY2025	$21.6M

Net assets by fiscal year
FY2020	$22.5M
FY2021	$26.1M
FY2022	$24.6M
FY2023	$25.9M
FY2024	$27.4M
FY2025	$29.5M

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Dec 1979.

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

Where the money goes

78 cents of each dollar spent went to programs.

78%

19%

Program services 78% · $17.0M Management & general 19% · $4.1M Fundraising 2% · $519K

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

35 people listed on the 990; $2.2M 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

Joseph Harvey

Head of School

$442,495Pt VII · Sec A

Bella Chang

Chief Financial Officer

$237,391Pt VII · Sec A

Bonnie Nishihara

Assistant Head of School

$190,330Pt VII · Sec A

Margaret Bendicksen

Head of Lower School

$189,460Pt VII · Sec A

David Hickman

Head of Upper School

$172,397Pt VII · Sec A

Wendy Levine

Director of Development

$159,930Pt VII · Sec A

Fernanda Pernambuco

Dir of Part., Equity, Inclusion

$151,181Pt VII · Sec A

Wes Howell

Dir. of Facilities, Safety, & Ops.

$140,412Pt VII · Sec A

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

Name	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020
Joseph Harvey	$442,495	$458,901	$580,241	$374,300	$359,477	$470,508
Bella Chang	$237,391	$257,038	$255,580	$233,817	$205,444	$196,144
David Hickman	$172,397	$200,765	$187,996	$178,283	$170,395	$164,467
Bonnie Nishihara	$190,330	$191,089	$177,169	$169,997	$169,461	$163,613
Margaret Bendicksen	$189,460	—	—	—	—	—
Thaddeus Reichley	—	—	$180,661	$153,155	$139,599	$153,663
Wendy Levine	$159,930	$167,869	$177,994	$168,928	$162,236	$152,071
Katherin Kelso	—	$152,755	—	—	$123,637	—

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 kindergarten through eighth grade.

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Provided by the organization

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1 program · $17.0M · in their own filed words · FY2024

01

Mark day school is an independent, all gender school for 380 students in kindergarten through eighth grade. Mark day school students participate in a challenging and active hands-on academic program, preparing them for success in future schooling and in life.

$17.0Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record

Grants received · FY2025

The Tally FoundationFY2025$25K

Total grants receivedfrom 1 funder$25K

By the numbers

The FY2025 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$23.0M

Ln 12

Fees for servicesLn 2g$18.1M

Gifts and grantsLn 1h$3.3M

Investment incomeLn 3$1.6M

Money outPt IX

$21.6M

Ln 25

Programscol B$17.0M

Managementcol C$4.1M

Fundraisingcol D$519K

Owns and owesPt X

$29.5M

net assets · Ln 32

Cash and savingsLn 1–2$14.5M

Total assetsLn 16$61.7M

LiabilitiesLn 26$32.2M

PeoplePt VI, VII

35

listed · VII A

PaidVII A12

Voting boardVI 1a25

IndependentVI 1b23

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$3.3M

Noncash giftsLn 1g$168K

Fees for servicesLn 2g$18.1M

Investment incomeLn 3$1.6M

Other incomeLn 4–11$31K

Gains on assetsLn 7$671K

Total revenueLn 12$23.0M

Assets in detailPt X, end of year

CashLn 1$245K

SavingsLn 2$14.3M

Cash and savings togetherLn 1–2$14.5M

InvestmentsLn 11–13$16.1M

Land, buildings, equipmentLn 10c$13.5M

Other assetsLn 15$8.7M

Total assetsLn 16$61.7M

LiabilitiesLn 26$32.2M

Net assetsLn 32$29.5M

OperationsPt I, VI

EmployeesI 5126

VolunteersI 625

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	$16.9M	$14.5M
InvestmentsLn 11–13	$13.5M	$16.1M
Land, buildings, equipmentLn 10c	$12.3M	$13.5M
Total assetsLn 16	$59.2M	$61.7M
LiabilitiesLn 26	$31.8M	$32.2M
Net assetsLn 32	$27.4M	$29.5M

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Grants to domestic individualsLn 2	$3.2M	$3.2M
Grants and assistance to foreign recipientsLn 3	$18K	$18K
Pay of current officers, directors and key staffLn 5	$2.1M	$756K	$1.0M	$317K
Other salaries and wagesLn 7	$8.5M	$6.9M	$1.5M	$94K
Pension plan contributionsLn 8	$548K	$404K	$134K	$10K
Other employee benefitsLn 9	$1.2M	$984K	$178K
Payroll taxesLn 10	$545K	$403K	$132K	$10K
Legal feesLn 11b	$58K		$58K
Accounting feesLn 11c	$56K		$56K
Investment management feesLn 11f	$35K		$35K
Other fees for servicesLn 11g	$322K	$160K	$135K	$28K
Advertising and promotionLn 12	$71K		$71K
Office expensesLn 13	$243K		$243K
OccupancyLn 16	$1.5M	$1.4M	$128K	$32K
TravelLn 17	$470K	$470K
Conferences, conventions and meetingsLn 19	$209K	$111K	$98K
InterestLn 20	$175K	$156K	$15K	$4K
Depreciation, depletion and amortizationLn 22	$932K	$834K	$79K	$20K
InsuranceLn 23	$170K	$152K	$14K	$4K
Other expenses (24a–d)Ln 24	$1.2M	$996K	$178K
Total functional expensesLn 25	$21.6M	$17.0M	$4.1M	$519K

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2025 Latest Viewing	$23.0M	$21.6M	$1.4M	$29.5M	990 PDF
FY2024	$20.8M	$20.3M	$495K	$27.4M	990 PDF
FY2023	$19.3M	$19.0M	$320K	$25.9M	990 PDF
FY2022	$18.4M	$17.4M	$994K	$24.6M	990 PDF
FY2021	$18.7M	$16.3M	$2.4M	$26.1M	990 PDF
FY2020	$15.3M	$15.3M	$3K	$22.5M	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 F · Foreign M · Noncash J · Pay O · Explanations

See the full FY2025 990 (6 parts)

Part I · Summary $23,012,568 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $2,057,912$3,279,315

I-9 Program service revenuePrior year $17,309,271$18,082,456

I-10 Investment incomePrior year $1,475,711$1,619,877

I-11 Other revenuePrior year −$52,724$30,920

I-12 Total revenuePrior year $20,790,170$23,012,568

I-13 Grants and similar amounts paidPrior year $3,041,364$3,267,446

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

I-15 Salaries and benefitsPrior year $12,295,374$12,920,224

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

I-17 Other expensesPrior year $4,958,329$5,435,053

I-18 Total expensesPrior year $20,295,067$21,622,723

I-19 Revenue less expensesPrior year $495,103$1,389,845

Part VI · Governance 23 of 25 board members independent, no flags

VI-1a Voting members of the governing body25

VI-1b Independent voting members23

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 $23,012,568 across 8 lines filed

VIII-1f All other contributions, gifts and grants$3,279,315

VIII-1g Noncash contributions (included above)$168,410

VIII-1h Total contributions, gifts and grants$3,279,315

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $18,082,456$18,082,456

VIII-3 Investment incomeExcluded from tax $948,810$948,810

VIII-7 Net gain or loss on sales of assetsExcluded from tax $671,067$671,067

VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $30,920$30,920

VIII-12 Total revenueRelated to mission $18,082,456 · Unrelated business $0 · Excluded from tax $1,650,797$23,012,568

Part IX · Statement of functional expenses $21,622,723 across 20 lines filed

IX-2 Grants to domestic individualsPrograms $3,249,446$3,249,446

IX-3 Grants and assistance to foreign recipientsPrograms $18,000$18,000

IX-5 Pay of current officers, directors and key staffPrograms $756,345 · Management $1,049,764 · Fundraising $317,006$2,123,115

IX-7 Other salaries and wagesPrograms $6,916,216 · Management $1,531,737 · Fundraising $94,232$8,542,185

IX-8 Pension plan contributionsPrograms $403,599 · Management $133,884 · Fundraising $10,404$547,887

IX-9 Other employee benefitsPrograms $984,166 · Management $178,370$1,162,536

IX-10 Payroll taxesPrograms $402,649 · Management $131,623 · Fundraising $10,229$544,501

IX-11b Legal feesManagement $58,116$58,116

IX-11c Accounting feesManagement $56,000$56,000

IX-11f Investment management feesManagement $34,574$34,574

IX-11g Other fees for servicesPrograms $160,059 · Management $134,562 · Fundraising $27,670$322,291

IX-12 Advertising and promotionManagement $70,676$70,676

IX-13 Office expensesManagement $243,282$243,282

IX-16 OccupancyPrograms $1,359,710 · Management $128,378 · Fundraising $32,095$1,520,183

IX-17 TravelPrograms $469,790$469,790

IX-19 Conferences, conventions and meetingsPrograms $111,203 · Management $97,945$209,148

IX-20 InterestPrograms $156,424 · Management $14,769 · Fundraising $3,692$174,885

IX-22 Depreciation, depletion and amortizationPrograms $833,637 · Management $78,709 · Fundraising $19,677$932,023

IX-23 InsurancePrograms $152,198 · Management $14,370 · Fundraising $3,592$170,160

IX-24 Other expenses (24a–d)Programs $995,797 · Management $178,128$1,173,925

IX-25 Total functional expensesPrograms $16,969,239 · Management $4,134,887 · Fundraising $518,597$21,622,723

Part X · Balance sheet $61,683,062 assets, 18 lines filed

X-1 Cash, non-interest-bearingStart of year $193,225$244,756

X-2 Savings and temporary cash investmentsStart of year $16,698,002$14,294,647

X-3 Pledges and grants receivableStart of year $434,292$946,626

X-4 Accounts receivableStart of year $7,046,783$7,468,901

X-9 Prepaid expenses and deferred chargesStart of year $85,329$430,339

X-10c Land, buildings and equipment, netStart of year $12,278,716$13,505,901

X-11 Publicly traded securitiesStart of year $13,468,750$16,118,980

X-15 Other assetsStart of year $8,992,168$8,672,912

X-16 Total assetsStart of year $59,197,265$61,683,062

X-17 Accounts payable and accrued expensesStart of year $1,873,456$2,203,051

X-19 Deferred revenueStart of year $14,514,494$15,164,415

X-20 Tax-exempt bond liabilitiesStart of year $6,354,655$6,093,928

X-25 Other liabilitiesStart of year $9,049,047$8,732,035

X-26 Total liabilitiesStart of year $31,791,652$32,193,429

X-27 Net assets without donor restrictionsStart of year $19,457,785$19,868,154

X-28 Net assets with donor restrictionsStart of year $7,947,828$9,621,479

X-32 Total net assets or fund balancesStart of year $27,405,613$29,489,633

X-33 Total liabilities and net assetsStart of year $59,197,265$61,683,062

Part XI · Reconciliation of net assets $29,489,633 net assets at year end

XI-1 Total revenue$23,012,568

XI-2 Total expenses$21,622,723

XI-3 Revenue less expenses$1,389,845

XI-4 Net assets at start of year$27,405,613

XI-5 Net unrealized gains (losses) on investments$694,175

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year$29,489,633

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

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