Princeton Day School
Legal name: Princeton Day School Inc
Nonprofit profile at a glance
- EIN
- 210727645
- IRS 990 coverage
- 2009–2024
- Official website data refreshed
- Sep 2026
- Forms available
- Form 990 2024
- Location
- Princeton, NJ, USA
- Phone
- 609-924-6700 x1200
- Rating
- 75
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Elementary, Secondary Education, K - 12
Reported finances
- Revenue
- $51,621,246
- Expenses
- $52,923,316
- Assets
- $198,519,902
- Liabilities
- $62,654,429
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
27 people listed
Highest reported compensation
- KELLEY NICHOLSON-FLYNN (HEAD OF SCHOOL): $668,150 total reported compensation
- JONATHAN CORMIER (DIRECTOR OF ADVANCEMENT): $397,970 total reported compensation
- DULANY H GIBSON (ASSISTANT HOS FINANCE & OPERATIONS): $387,272 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To inspire each student to explore the world with curiosity, act with integrity, embrace community with empathy, and engage in learning with joy, creativity, and purpose.
What it reported doing in 2024
Princeton day school is an independent prek to 12 institution dedicated to serving approximately 970 students. We foster humanity, creativity, intellect, joy, and stewardship in each of our students and strive to empower every learner to act with wisdom and purpose.
Operating model
- Revenue model
- Other-operating. 88% of the money available for current operations came from other operating revenue.
- Distribution model
- Direct operator. The filing allocates 85% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
- Includes noncash contributions: Reported contributions include donated property or goods.
The verdict
SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. The filing reports few safeguards for money sent abroad and fundraising costs are high for each dollar raised.
Rating breakdown
- Financial Efficiency: 76
- Transparency & Controls: 70
- Accountability: 85
- Sustainability: 40
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 86.3%; rating input score 86
- Program expense ratio: 82.5%; rating input score 82
- Fundraising efficiency: $1.69 raised per $1 spent on fundraising; rating input score 4; 4th percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 68th percentile among comparable filings
- Pay-setting controls: 3 of 6 controls in place; rating input score 50
- Compensation committee: Pass
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Pass
- Board or committee approval: Pass
- Foreign activity oversight: Scored; rating input score 0
- Grant itemization coverage: 100%; rating input score 100; 77th percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 90%; rating input score 90; 38th percentile among comparable filings
- Governance controls: 7 of 9 controls in place; rating input score 78
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Fail
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: -2.5%; rating input score 18; 18th percentile among comparable filings
- Total-asset coverage ratio: 3.75; rating input score 81; 81st percentile among comparable filings
- Liabilities to assets ratio: 0.32; rating input score 54; 54th percentile among comparable filings
- Officer compensation ratio: 5.3%; rating input score 15; 15th percentile among comparable filings
Growth
- Program expense growth: 4.3% per year; rating input score 100; 33rd percentile among comparable filings
- Revenue growth: 3.2% per year; rating input score 100; 24th percentile among comparable filings
- Asset growth: 4.6% per year; rating input score 100; 33rd percentile among comparable filings
Details
- What they do: 5 programs and campaigns described on the official site · 1 operating location identified
- Where the money goes: 86.3% of revenue deployed · 82.5% of spending went to programs
- Governance: 18 of 20 board members independent · 7 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $43.6M in reported program spending
- Leadership: top reported pay $668K · 27 people listed · 3 of 6 pay-setting controls reported
- Highest-paid contractors: 3 contractors listed · $1.2M reported
- Consistency: 37 of 37 current checks pass
- Schedules: 11 filed schedules · includes major donors, foreign activity, grants, and executive pay
- Filing history: 16 filing years from 2009 to 2024
- Contacts: How to reach this organization
- Money network: 8 filed money-flow records
- Related organizations: Filed and resolved organization relationships.
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Transparency & Controls: Foreign activity oversight scored 0/100.
- High — Financial Efficiency: Fundraising efficiency scored 4/100.
- High — Sustainability: Operating margin scored 18/100.
- Review — Accountability: Governance controls: 2 of 9 not reported.
- High — Sustainability: Officer compensation ratio scored 15/100.
- Review — Sustainability: Liabilities to assets ratio scored 54/100.