2025-05-08T12:46:20-05:00 2024-06-30 471352305 O'CONNELL & COMPANY LLC 240 GIBRALTAR ROAD SUITE 260 HORSHAM PA 19044 990 2023-07-01 455604824 THE GRAYSON SCHOOL GRAY 6109095172 211 MATSONFORD RD RADNOR PA 19087 MELISSA BILASH HEAD OF SCHOOL 4844283241 2025-05-07 1 1 JOHN W RUTECKI CPA P02295032 2158874425 2025-05-05 2023 2025-03-06 01:10:19Z MELISSA BILASH 211 MATSONFORD RD RADNOR PA 19087 8529951 0 X THEGRAYSONSCHOOL.ORG X 2012 PA THE GRAYSON SCHOOL PROVIDES GIFTED CHILDREN A CHALLENGING, RESEARCH-BASED EDUCATION WORTHY OF THEIR INTELLECT AND THEIR INTRINSIC DESIRE TO LEARN AND THINK DEEPLY. WE SERVE AS A VALUED RESOURCE FOR THE GIFTED EDUCATION COMMUNITY IN PHILADELPHIA AND NATIONWIDE. 16 14 80 35 0 0 1613667 1917115 5631242 6541959 22581 52442 810701 -38153 8078191 8473363 1379939 1700536 0 0 4646839 5582191 0 0 355080 1995628 1897181 8022406 9179908 55785 -706545 4519177 4869743 2711535 3755970 1807642 1113773 THE GRAYSON SCHOOL PROVIDES GIFTED CHILDREN A CHALLENGING, RESEARCH-BASED EDUCATION WORTHY OF THEIR INTELLECT AND THEIR INTRINSIC DESIRE TO LEARN AND THINK DEEPLY. WE SERVE AS A VALUED RESOURCE FOR THE GIFTED EDUCATION COMMUNITY IN PHILADELPHIA AND NATIONWIDE. 0 0 7818004 1700536 6541959 THE GRAYSON SCHOOL PROVIDES GIFTED CHILDREN A CHALLENGING, RESEARCH-BASED EDUCATION WORTHY OF THEIR INTELLECT AND THEIR INTRINSIC DESIRE TO LEARN AND THINK DEEPLY. WE SERVE AS A VALUED RESOURCE FOR THE GIFTED EDUCATION COMMUNITY IN PHILADELPHIA AND NATIONWIDE. 7818004 1 1 0 1 0 0 0 0 0 0 1 0 0 1 1 1 1 0 1 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 7 0 80 1 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 X 16 14 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 PA X X SEAN LORD 4844283241 211 MATSONFORD RD RADNOR PA 19087 LIAD PERNOCK CO-CHAIR 15.00 X X 0 0 0 ALBERT B MURPHY III CO-CHAIR 15.00 X X 0 0 0 JENNIFER NANCE ESQ COO 40.00 X X 153950 0 5306 MELISSA BILASH HEAD OF SCHOOL 40.00 X X 237270 0 7874 KAREN NOONAN TREASURER 5.00 X X 0 0 0 SUZANNE CIONGOLI TRUSTEE 5.00 X 0 0 0 NITA SEELINGER TRUSTEE 5.00 X 0 0 0 SAM GREENBLATT TRUSTEE 5.00 X 0 0 0 TIFFANI HURST JD TRUSTEE 5.00 X 0 0 0 JEFF LEVINSON TRUSTEE 5.00 X 0 0 0 JILL DOUGHERTY TRUSTEE 5.00 X 0 0 0 BARBARA HAFNER TRUSTEE 5.00 X 0 0 0 JOSEPH S SUN TRUSTEE 5.00 X 0 0 0 ALLISON WILSON-MAHER TRUSTEE 5.00 X 0 0 0 ERICA NEMSER PHD TRUSTEE 5.00 X 0 0 0 THOMAS HESS TRUSTEE 5.00 X 0 0 0 391220 0 13180 2 0 1 0 0 160738 250000 1506377 1917115 TUITION AND FEES 611600 6422257 6422257 AUXILIARY PROGRAMS 611710 119702 119702 6541959 52442 52442 17000 160738 56588 -39588 -39588 OTHER INCOME 900099 1435 1435 1435 8473363 6541959 0 14289 1700536 1700536 396817 197218 122983 76616 4195828 3708006 322324 165498 210060 182751 19646 7663 439668 401081 25096 13491 339818 287888 33737 18193 30000 30000 1770 1770 86690 22690 64000 29555 25163 2857 1535 38579 10027 28550 2 111871 9442 102429 643057 568012 72344 2701 6762 6762 22860 20192 2572 96 184710 163154 20780 776 62206 52961 6014 3231 ORGANIZED ACTIVITIES 191244 191244 REPAIR AND MAINTENANCE 129370 114273 14554 543 CLASSROOM SUPPLIES 74211 74211 BANK, CREDIT CARD AND O 52988 52988 231308 111845 118728 735 9179908 7818004 1006824 355080 642304 998270 236000 273000 952962 894654 268125 174885 899885 796829 202660 103056 767374 644331 1449752 1781547 4519177 4869743 599802 685454 952041 835818 150000 495981 480401 663711 1604297 2711535 3755970 X 206737 -388408 1600905 1502181 1807642 1113773 4519177 4869743 -706545 12676 0 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 1 60000 60000 0 PART II-B, LINE 1: THE SCHOOL HAD LOBBYING EXPENDITURES TO GET THE ATTENTION OF THOSE IN THE STATE GOVERNMENT TO SEE IF THE SCHOOL COULD RECEIVE ADDITIONAL FUNDING. 635584 635584 0 192535 161245 31290 71766 71766 103056 FUNDS HELD BY OTHERS 177250 RIGHT OF USE ASSET - OPERATING LEASE 1604297 1781547 OPERATING LEASE LIABILITY 1604297 1604297 X 6793733 12676 10000 22676 6771057 1770 1700536 1702306 8473363 7487602 10000 10000 7477602 1770 1700536 1702306 9179908 PART X, LINE 2: INCOME TAXES -- THE SCHOOL IS EXEMPT FROM INCOME TAX UNDER IRC SECTION 501 (C)(3), THOUGH IT IS SUBJECT TO TAX ON INCOME UNRELATED TO ITS EXEMPT PURPOSE, UNLESS THAT INCOME IS OTHERWISE EXCLUDED BY THE CODE. THE SCHOOL HAS PROCESSES PRESENTLY IN PLACE TO ENSURE THE MAINTENANCE OF ITS TAX- EXEMPT STATUS; TO IDENTIFY AND REPORT UNRELATED INCOME; TO DETERMINE ITS FILING AND TAX OBLIGATIONS; AND TO IDENTIFY AND EVALUATE OTHER MATTERS THAT MAY BE CONSIDERED TAX POSITIONS. THE SCHOOL HAS DETERMINED THAT THERE ARE NO MATERIAL UNCERTAIN TAX POSITIONS THAT REQUIRE RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. PART XI, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 1,700,536. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 1,700,536. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 6 DURING THE YEAR ENDED JUNE 30, 2024, THE SCHOOL RECEIVED A GRANT OF $250,000 FOR JOB TRAINING AND EDUCATION PROGRAMS FROM THE PENNSYLVANIA DEPARTMENT OF EDUCATION. THE SCHOOL ALSO QUALIFIED FOR AN EMPLOYEE RETENTION CREDIT OF $817,732, DURING THE YEAR ENDED JUNE 30, 2023, WHICH REMAINED RECEIVABLE AS OF JUNE 30, 2024. GROW^2 177638 160738 16900 51875 177638 160738 16900 51875 51875 -34975 0 FINANCIAL AID 61 1700536 FMV 0 0 0 0 0 0 0 0 0 MELISSA BILASH HEAD OF SCHOOL 237270 0 0 0 0 0 0 0 0 7874 237270 7874 0 0 JENNIFER NANCE ESQ COO 153950 0 0 0 0 0 0 0 0 5306 153950 5306 0 0 FORM 990, PART VI, SECTION B, LINE 11B THE 990 IS SENT OUT ELECTRONICALLY TO THE BROAD FOR APPROVAL BEFORE IT IS FILED. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION ANNUALLY MONITORS COMPLIANCE WITH ITS WRITTEN CONFLICTOF INTEREST POLICY. FORM 990, PART VI, SECTION B, LINE 15 THE EXECUTIVE DIRECTOR'S SALARY IS APPROVED BY THE EXECUTIVE COMMITTEEOF THE BOARD OF DIRECTORS.THE BOARD REVIEWS AND APPROVES COMPENSATION TO ANY OTHER OFFICERS OR KEYEMPLOYEES. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST. PART XII, LINE 2C THE ORGANIZATION DIDN'T CHANGE EITHER ITS OVERSIGHT PROCESS OR SELECTION PROCESS DURING THE TAX YEAR.