The Rumson Country Day School

Nonprofit profile at a glance

EIN
210639372
IRS 990 coverage
2011–2024
Forms available
Form 990 2024
Location
Rumson, NJ, USA
Phone
7328420527
Rating
72
Verdict
SUPPORTED
Rating confidence
Moderate

Official website

Reported finances

Revenue
$16,305,696
Expenses
$14,272,940
Assets
$45,363,567
Liabilities
$6,620,055

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

30 people listed

Executive titles in this filing

  • MRS KRISTEN MASSERIO (PRESIDENT)
  • MR JESSE SPECTOR (VICE PRESIDENT)

Highest reported compensation

  • CARSON SMITH (HEAD OF SCHOOL): $581,346 total reported compensation
  • MICHAEL J MANNINO (DIRECTOR OF FINANCE): $278,130 total reported compensation
  • Lon Lamb (UPPPER SCHOOL HEAD): $185,669 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The rumson country day school, founded in 1926 as an independent educational institution, seeks; to provide students from all communities with a dynamic, challenging academic experience in a safe and supportive environment; to nourish academic excellence. Individual and social responsibility, civic awareness, and leadership skills; and to inspire our graduates to become life-long learners able to thrive, contribute, and excel in a demanding secondary school environment and in today's global society. The rumson country day school was founded in 1926 by a group of families in the rumson area. This new school, called the rumson school, was located on the site of the former st. Georges-on-the hill church; the building and 2 1/2 acres of land were donated by edward dean adams, a neighbor and grandfather of one of the charter students. The school doors opened on november 1, 1926, with twenty-three pupils, a headmaster, five teachers, and three staff members. An educator named b. Lord buckley

What it reported doing in 2024

The rumson country day school is a nursery through grade 8, co-educational school current enrollment is over 315 students from eastern monmouth county, nj. Average class size is 14 for beginners through grade 4, and 10 for grades 5 through 8. There are currently over 55 faculty members with an average of 8 years of service.

Operating model

Revenue model
Earned-program. 74% of the money available for current operations came from fees and other program revenue.
Distribution model
Direct operator. The filing allocates 87% 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 - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and fundraising costs are high for each dollar raised.

Rating breakdown

  • Financial Efficiency: 55
  • Transparency & Controls: 75
  • Accountability: 95
  • Sustainability: 66
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 56.4%; rating input score 56
  • Program expense ratio: 63.4%; rating input score 63
  • Fundraising efficiency: $7.07 raised per $1 spent on fundraising; rating input score 29; 29th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
  • Pay-setting controls: 1 of 6 controls in place; rating input score 17
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Pass
    • Compensation survey or study: Missing
    • Board or committee approval: Missing
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 100%; rating input score 100; 72nd percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 66th percentile among comparable filings
  • Governance controls: 7 of 8 controls in place; rating input score 88
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 12.5%; rating input score 72; 72nd percentile among comparable filings
  • Total-asset coverage ratio: 3.18; rating input score 76; 76th percentile among comparable filings
  • Liabilities to assets ratio: 0.15; rating input score 66; 66th percentile among comparable filings
  • Officer compensation ratio: 11.7%; rating input score 15; 15th percentile among comparable filings

Growth

  • Program expense growth: 0.9% per year; rating input score 100; 14th percentile among comparable filings
  • Revenue growth: 1.6% per year; rating input score 100; 15th percentile among comparable filings
  • Asset growth: 2.8% per year; rating input score 100; 22nd percentile among comparable filings

Details

  • Where the money goes: 56.4% of revenue deployed · 63.4% of spending went to programs
  • Governance: 23 of 23 board members independent · 7 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $9.1M in reported program spending
  • Leadership: top reported pay $581K · 30 people listed · 1 of 6 pay-setting controls reported
  • Highest-paid contractors: 5 contractors listed · $3.1M reported
  • Consistency: 39 of 39 current checks pass
  • Schedules: 11 filed schedules · includes major donors, grants, and executive pay
  • Filing history: 14 filing years from 2011 to 2024
  • Contacts: How to reach this organization
  • Money network: 8 filed money-flow records
  • 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.

  • Review — Financial Efficiency: Mission deployment rate scored 56/100.
  • High — Financial Efficiency: Fundraising efficiency scored 29/100.
  • Review — Accountability: Governance controls: Other executive compensation review process not reported.
  • High — Sustainability: Officer compensation ratio scored 15/100.