St Stephens School Corporation

Tax-deductible

New York, NY501(c)(3)Since 1962EIN 98-0013401Revenue $16.2M in FY2025

On file with the IRSsssrome.it244 Fifth Ave Suite 2296, 10001-7604 · New York, NYTax-exempt since Aug 1963School — 170(b)(1)(A)(ii)

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Revenues provide for the primary objectives of the School: academic excellence, the fostering of sense of fellowship among students and faculty, and the promotion of students as independent, responsible and responsive contributing members of the larger world community.

501(c)(3) charity; gifts are tax-deductible.
66¢ of each $1 spent went to programs.
Run by 22 volunteers and 13 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
5 of 6
filings with a surplus
Average surplus $565K a year · 4% of revenue · last 6 filings
Fine: a surplus in 5 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
66%
of spending
Fine: 66% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$363K
to officers and key staff · 2% of spending
Looks good: pay to officers and key staff is 2% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
5 mo
of spending, in cash
Looks good: 5.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
3
named funders · $98K
Looks good: 3 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$14.7M
51% of total assets
Fine: liabilities are 51% of assets; 50% to 65%.
Pt X · Ln 26
Independent board members
19
of 22 voting members
Looks good: 19 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
$16.2M
+12% vs prior year
Spent
$15.2M
To programs
66%
Net assets
$13.9M
By yearFY2020–FY2025
Revenue
$16.2M
FY2025▲ +12%
Tap a bar for its year
Revenue by fiscal year
FY2020$11.5M
FY2021$12.5M
FY2022$10.1M
FY2023$11.5M
FY2024$14.5M
FY2025$16.2M
Expenses
$15.2M
FY2025▲ +16%
Tap a bar for its year
Expenses by fiscal year
FY2020$11.4M
FY2021$11.4M
FY2022$10.4M
FY2023$11.4M
FY2024$13.1M
FY2025$15.2M
Net assets
$13.9M
FY2025▲ +21%
Tap a bar for its year
Net assets by fiscal year
FY2020$9.4M
FY2021$10.8M
FY2022$8.5M
FY2023$9.7M
FY2024$11.5M
FY2025$13.9M

From the FY2025 Form 990 (year ending August 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 Aug 1963.

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

Where the money goes

66 cents of each dollar spent went to programs.

Program services 66% · $10.0M Management & general 31% · $4.8M Fundraising 3% · $381K

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

22 people listed on the 990; $363K 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
$363,293Pt VII · Sec A
1st Vice Chair
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Compensation history total reportable pay by year · 7 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Jill Diane Swisher$363,293$363,672$137,846———
Eric Mayer————$305,766$284,786
Eric Meyer——$147,030$299,807——
Grazia Borlandelli———$116,077$123,774$120,203
Deborah Marie Dostert——$113,332$101,426——
Deborah Dostert————$103,190$100,029
Paul Treherne——$58,680$61,155$66,015$61,232

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 St Stephens School Corporation 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

Operates an international high school in Rome, Italy, for American and other students.

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1 program · $10.0M · in their own filed words · FY2024
01

A co-ed high school (the school) that operates in rome, italy. The school is open to americans and students from other countries, and is comprised of a multi-racial student body. Currently, the school has 306 students enrolled, with 46 nationalities represented.

$10.0Mprogram 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 · FY2024
See all 3 funders →

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$16.2M
Ln 12
Fees for servicesLn 2g$13.6M
Other incomeLn 4–11$1.2M
Gifts and grantsLn 1h$788K
Money outPt IX
$15.2M
Ln 25
Programscol B$10.0M
Managementcol C$4.8M
Fundraisingcol D$381K
Owns and owesPt X
$13.9M
net assets · Ln 32
Cash and savingsLn 1–2$6.4M
Total assetsLn 16$28.6M
LiabilitiesLn 26$14.7M
PeoplePt VI, VII
22
listed · VII A
PaidVII A1
Voting boardVI 1a22
IndependentVI 1b19
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$788K
Government grantsLn 1e$12K
Noncash giftsLn 1g$84K
Fees for servicesLn 2g$13.6M
Investment incomeLn 3$670K
Other incomeLn 4–11$1.2M
Gains on assetsLn 7$203K
Total revenueLn 12$16.2M
Assets in detailPt X, end of year
CashLn 1$1.4M
SavingsLn 2$5.0M
Cash and savings togetherLn 1–2$6.4M
InvestmentsLn 11–13$17.1M
Land, buildings, equipmentLn 10c$3.8M
Other assetsLn 15$236K
Total assetsLn 16$28.6M
LiabilitiesLn 26$14.7M
Net assetsLn 32$13.9M
OperationsPt I, VI
EmployeesI 513
VolunteersI 622
Fiscal year endsHeaderAugust
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$7.1M$6.4M
InvestmentsLn 11–13$14.5M$17.1M
Land, buildings, equipmentLn 10c$3.1M$3.8M
Total assetsLn 16$25.7M$28.6M
LiabilitiesLn 26$14.2M$14.7M
Net assetsLn 32$11.5M$13.9M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants and assistance to foreign recipientsLn 3$658K$658K
Pay of current officers, directors and key staffLn 5$532K$342K$191K
Other salaries and wagesLn 7$6.6M$4.3M$2.4M
Legal feesLn 11b$64K$64K
Accounting feesLn 11c$12K$12K
Professional fundraising feesLn 11e$78K$78K
Investment management feesLn 11f$115K$115K
Other fees for servicesLn 11g$231K$38K$192K
OccupancyLn 16$2.2M$1.4M$655K$109K
InterestLn 20$18K$18K
Depreciation, depletion and amortizationLn 22$493K$394K$74K$25K
Other expenses (24a–d)Ln 24$3.7M$2.4M$1.1M$166K
All other expensesLn 24e$526K$519K$3K$3K
Total functional expensesLn 25$15.2M$10.0M$4.8M$381K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $16.2M$15.2M$1.0M$13.9M 990 PDF
FY2024 $14.5M$13.1M$1.4M$11.5M 990 PDF
FY2023 $11.5M$11.4M$53K$9.7M 990 PDF
FY2022 $10.1M$10.4M−$249K$8.5M 990 PDF
FY2021 $12.5M$11.4M$1.1M$10.8M 990 PDF
FY2020 $11.5M$11.4M$113K$9.4M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2025 990 (6 parts)
Part I · Summary $16,215,079 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $299,658$787,713
I-9 Program service revenuePrior year $12,104,409$13,580,075
I-10 Investment incomePrior year $1,509,501$669,595
I-11 Other revenuePrior year $604,154$1,177,696
I-12 Total revenuePrior year $14,517,722$16,215,079
I-13 Grants and similar amounts paidPrior year $631,072$658,376
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $6,525,932$7,176,341
I-16a Professional fundraising feesPrior year $55,000$77,618
I-17 Other expensesPrior year $5,932,801$7,295,251
I-18 Total expensesPrior year $13,144,805$15,207,586
I-19 Revenue less expensesPrior year $1,372,917$1,007,493
Part VI · Governance 19 of 22 board members independent, no flags
VI-1a Voting members of the governing body22
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 $16,215,079 across 9 lines filed
VIII-1e Government grants$11,687
VIII-1f All other contributions, gifts and grants$776,026
VIII-1g Noncash contributions (included above)$84,275
VIII-1h Total contributions, gifts and grants$787,713
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $13,580,075$13,580,075
VIII-3 Investment incomeExcluded from tax $466,366$466,366
VIII-7 Net gain or loss on sales of assetsExcluded from tax $203,229$203,229
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $1,172,754 · Excluded from tax $4,942$1,177,696
VIII-12 Total revenueRelated to mission $14,752,829 · Unrelated business $0 · Excluded from tax $674,537$16,215,079
Part IX · Statement of functional expenses $15,207,586 across 13 lines filed
IX-3 Grants and assistance to foreign recipientsPrograms $658,376$658,376
IX-5 Pay of current officers, directors and key staffPrograms $341,723 · Management $190,671$532,394
IX-7 Other salaries and wagesPrograms $4,264,485 · Management $2,379,462$6,643,947
IX-11b Legal feesManagement $63,822$63,822
IX-11c Accounting feesManagement $11,714$11,714
IX-11e Professional fundraising feesFundraising $77,618$77,618
IX-11f Investment management feesManagement $115,317$115,317
IX-11g Other fees for servicesPrograms $38,390 · Management $192,358$230,748
IX-16 OccupancyPrograms $1,418,988 · Management $654,917 · Fundraising $109,153$2,183,058
IX-20 InterestManagement $18,208$18,208
IX-22 Depreciation, depletion and amortizationPrograms $394,450 · Management $73,959 · Fundraising $24,653$493,062
IX-24 Other expenses (24a–d)Programs $2,409,905 · Management $1,077,798 · Fundraising $165,940$3,653,643
IX-24e All other expensesPrograms $518,809 · Management $3,435 · Fundraising $3,435$525,679
IX-25 Total functional expensesPrograms $10,045,126 · Management $4,781,661 · Fundraising $380,799$15,207,586
Part X · Balance sheet $28,622,448 assets, 16 lines filed
X-1 Cash, non-interest-bearingStart of year $1,985,215$1,424,416
X-2 Savings and temporary cash investmentsStart of year $5,101,068$4,971,322
X-3 Pledges and grants receivableStart of year $66,500$348,600
X-4 Accounts receivableStart of year $89,229$0
X-8 Inventories for sale or useStart of year $18,514$19,467
X-9 Prepaid expenses and deferred chargesStart of year $547,606$707,559
X-10c Land, buildings and equipment, netStart of year $3,134,573$3,768,075
X-11 Publicly traded securitiesStart of year $14,533,846$17,146,977
X-15 Other assetsStart of year $233,038$236,032
X-16 Total assetsStart of year $25,709,589$28,622,448
X-17 Accounts payable and accrued expensesStart of year $689,959$597,810
X-19 Deferred revenueStart of year $8,445,764$9,360,960
X-25 Other liabilitiesStart of year $4,476,098$4,162,727
X-26 Total liabilitiesStart of year $14,177,930$14,676,296
X-32 Total net assets or fund balancesStart of year $11,531,659$13,946,152
X-33 Total liabilities and net assetsStart of year $25,709,589$28,622,448
Part XI · Reconciliation of net assets $13,946,152 net assets at year end
XI-1 Total revenue$16,215,079
XI-2 Total expenses$15,207,586
XI-3 Revenue less expenses$1,007,493
XI-4 Net assets at start of year$11,531,659
XI-5 Net unrealized gains (losses) on investments$1,090,296
XI-9 Other changes in net assets$316,704
XI-10 Net assets at end of year$13,946,152

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

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