2026-05-11T07:36:23-05:00 2025-06-30 871353108 EISNER ADVISORY GROUP LLC 130 NORTH 18TH STREET SUITE 3000 PHILADELPHIA PA 191032757 990 2024-07-01 510065745 TOWER HILL SCHOOL ASSOCIATION TOWE 3026578360 2813 WEST 17TH STREET WILMINGTON DE 19806 JEFF KOSS CFO 3026578360 2026-05-06 1 0 HELEN M MARTIN P01330899 2158818800 2024 2025-03-06 01:10:19Z SARAH BAKER 2813 WEST 17TH STREET WILMINGTON DE 19806 54571328 0 X WWW.TOWERHILL.ORG X 1919 DE TOWER HILL SCHOOL IS A CO-EDUCATIONAL SCHOOL FOR STUDENTS 3 YEARS OLD THROUGH GRADE 12. 23 23 295 298 0 0 5232183 4430830 28927810 30204961 4853322 3248311 231476 281550 39244791 38165652 5887102 6118833 0 0 17201172 18014399 0 0 1364076 8491281 9010603 31579555 33143835 7665236 5021817 125431337 134541384 15841657 15618171 109589680 118923213 X TOWER HILL SCHOOL PREPARES STUDENTS FROM DIVERSE BACKGROUNDS FOR FULL AND CREATIVE ENGAGEMENT WITH A DYNAMIC WORLD. EACH STUDENT IS PROVIDED WITH AN EDUCATIONAL EXPERIENCE THAT EMPHASIZES THE DEVELOPMENT OF AN INQUISITIVE, DISCERNING AND CRITICAL MIND; THE VALUE OF BEING CREATIVE AND AESTHETICALLY SENSITIVE; THE APPRECIATION OF PHYSICAL WELL-BEING; THE ABILITY TO COLLABORATE AND FUNCTION AS PART OF A TEAM; AND THE GROWTH OF CHARACTER. 0 0 25667873 6118833 29701527 EDUCATIONAL PROGRAMS - TOWER HILL IS A CO-EDUCATIONAL INDEPENDENT SCHOOL WITH 867 STUDENTS FROM 3 YEARS OLD THROUGH GRADE 12 IN 2024-2025 (293 LOWER SCHOOL, 252 MIDDLE SCHOOL, 322 UPPER SCHOOL). THE SCHOOL PROVIDES AN ENRICHED AND CHALLENGING COLLEGE PREPARATORY PROGRAM IN WHICH EACH STUDENT'S ABILITIES AND TALENTS ARE RECOGNIZED AND RESPECTED. THE PROGRAM OFFERS A PERSONALIZED AND INNOVATIVE APPROACH, BUILT ON A STRONG TRADITIONAL FOUNDATION WITHIN A WELCOMING AND INCLUSIVE COMMUNITY. TOWER HILL GRADUATED 85 STUDENTS IN THE CLASS OF 2025. MEMBERS OF THIS CLASS ARE ATTENDING: AMERICAN MUSICAL AND DRAMATIC ACADEMY, AMERICAN UNIVERSITY, ARIZONA STATE UNIVERSITY, AUBURN UNIVERSITY, BOSTON COLLEGE, BROWN UNIVERSITY, BUCKNELL UNIVERSITY, CARLETON COLLEGE, COLBY COLLEGE, COLORADO COLLEGE, COLUMBIA UNIVERSITY, DESALES UNIVERSITY, DREXEL UNIVERSITY, ELON UNIVERSITY, EMORY UNIVERSITY, FLAGLER COLLEGE, FORDHAM UNIVERSITY, GEORGETOWN UNIVERSITY, HAMILTON COLLEGE, LA SALLE UNIVERSITY, MIDDLEBURY COLLEGE, NEW JERSEY INSTITUTE OF TECHNOLOGY, NEW YORK UNIVERSITY, NORTHEASTERN UNIVERSITY, PENN STATE UNIVERSITY (UNIVERSITY PARK), PRINCETON UNIVERSITY, PURDUE UNIVERSITY, RENSSELAER POLYTECHNIC INSTITUTE, SACRED HEART UNIVERSITY, SAVANNAH COLLEGE OF ART AND DESIGN, SEWANEE: THE UNIVERSITY OF THE SOUTH, SMITH COLLEGE, SWARTHMORE COLLEGE, SYRACUSE UNIVERSITY, TEXAS CHRISTIAN UNIVERSITY, THE UNIVERSITY OF TAMPA, THE UNIVERSITY OF TENNESSEE (KNOXVILLE), TUFTS UNIVERSITY, UNIVERSITY OF CALIFORNIA (LOS ANGELES), UNIVERSITY OF CALIFORNIA (SAN DIEGO), UNIVERSITY OF DELAWARE, UNIVERSITY OF MARYLAND, UNIVERSITY OF MIAMI, UNIVERSITY OF MICHIGAN, UNIVERSITY OF NORTH CAROLINA AT CHAPEL HILL, UNIVERSITY OF NOTRE DAME, UNIVERSITY OF PENNSYLVANIA, UNIVERSITY OF PITTSBURGH, UNIVERSITY OF RICHMOND, UNIVERSITY OF SOUTH FLORIDA, UNIVERSITY OF WISCONSIN (MADISON), WAKE FOREST UNIVERSITY, WASHINGTON AND LEE UNIVERSITY, AND WILLIAM & MARY. 310361 410400 AFTER SCHOOL PROGRAM - THE KALEIDOSCOPE AFTER SCHOOL PROGRAM SERVES STUDENTS AGE 3 THROUGH 6 EVERY SCHOOL DAY FROM 2:45 TO 6:00PM. THIS PROGRAM PROVIDES A CONTINUATION OF THE ATTENTION AND GUIDANCE THEY RECEIVE IN TOWER HILL'S CLASSROOMS, BUT IN A MORE HOME-LIKE SETTING. SUPERVISED HOMEWORK TIME, INSIDE PLAY, OUTDOOR SPORTS AND AGE-APPROPRIATE ACTIVITIES GIVE STUDENT THE CHANCE TO FULFILL THEIR RESPONSIBILITIES AND GIVE THEIR IMAGINATIONS A WORKOUT TOO. ENRICHMENT OFFERING INCLUDE PROGRAMS SUCH AS CHINESE, DRAMA, CHESS, SEWING, GOLF, KARATE, DANCE, SOCCER AND TENNIS, AMONG OTHERS. 219633 373868 SUMMER CAMP PROGRAM -SUMMER AT TOWER HILL PROVIDES EXCITING ACADEMIC AND ENRICHMENT ACTIVITIES, PLUS A FULL RANGE OF ATHLETIC CAMPS IN DIFFERENT AGE GROUPS. DAY CAMP PROVIDES WEEKLY THEMES WITH SPECIAL GUESTS AND/OR FIELD TRIPS, SWIMMING OR WATER PLAY. ENRICHMENT CAMPS BROADEN CHILDREN'S ARTISTIC AND ACADEMIC HORIZONS IN NEW WAYS. SPORTS CAMPS ARE RUN BY TOWER HILL COACHES AND OUTSIDE PARTNER ORGANIZATIONS FOR BUDDING ATHLETES. SUMMER AT TOWER HILL ALSO INTRODUCES PROSPECTIVE STUDENT TO TOWER HILL'S EXPANSIVE FACILITIES. 26197867 1 1 0 0 0 0 0 0 0 1 1 0 0 0 0 1 1 0 1 0 1 0 0 0 1 0 0 0 1 1 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 1 44 0 1 295 1 0 1 CJ UK 0 0 0 1 1 0 0 0 0 0 0 X 23 23 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X JEFF KOSS CFO 3026578360 2813 W 17TH ST WILMINGTON DE 19806 BEN DU PONT CHAIR 2.00 X X 0 0 0 JOHN M FLYNN SECRETARY 2.00 X X 0 0 0 MARNA WHITTINGTON TREASURER 2.00 X X 0 0 0 SUZANNE ASHLEY TRUSTEE 2.00 X 0 0 0 KIMBERLY CASSIDY TRUSTEE 2.00 X 0 0 0 REGIS DE RAMEL TRUSTEE 2.00 X 0 0 0 ROBERT V DESANTIS TRUSTEE 2.00 X 0 0 0 JOHN GAVENONIS TRUSTEE 2.00 X 0 0 0 LAIRD HAYWARD TRUSTEE 2.00 X 0 0 0 HENRY MELLON TRUSTEE 2.00 X 0 0 0 CATHERINE L MILLER TRUSTEE 2.00 X 0 0 0 DAVID NOWLAND TRUSTEE 2.00 X 0 0 0 LISA A OLSON TRUSTEE 2.00 X 0 0 0 J MATHIEU PLUMB TRUSTEE 2.00 X 0 0 0 LOGAN READ TRUSTEE 2.00 X 0 0 0 SONAL SHEPPARD TRUSTEE 2.00 X 0 0 0 ISABELLA SPEAKMAN TIMON TRUSTEE 2.00 X 0 0 0 GENELLE TRADER TRUSTEE 2.00 X 0 0 0 CARMEN WALLACE TRUSTEE 2.00 X 0 0 0 GINA WARD TRUSTEE 2.00 X 0 0 0 MARK BUSSARD TRUSTEE 2.00 X 0 0 0 RODNEY MORRISON TRUSTEE 2.00 X 0 0 0 ERIC NORMAN CFO (THRU 9/25) 40.00 X 298543 0 41266 SARAH BAKER HEAD OF SCHOOL 40.00 X 409255 0 51993 KRISTIN MUMFORD DIRECTOR OF ADMISSIONS/ADVANCEMENT 40.00 X 240865 0 51434 LINDSAY ACEVADO DIRECTOR OF COLLEGE COUNSELING 40.00 X 164486 0 20868 AMY BICKHART HEAD OF LOWER SCHOOL 40.00 X 125127 0 38312 MATTHEW TWYMAN DIR OF UPPER SCH ADMIS AND FINL AID 40.00 X 122286 0 9669 JOHN TCHINNIS DIRECTOR OF FACILITIES 40.00 X 116467 0 11203 ANTHONY PISAPIA THRU 7623 FORMER ASSOC HEAD OF SCHOOL 0.00 X 130000 0 0 1607029 0 224745 18 1 1 0 WHITING-TURNER CONTRACTING COMPANY INC 300 E JOPPA RD 8TH FL BALTIMORE MD 21286 CONSTRUCTION CONTRACTOR 6938504 CULINART GROUP 150 GORDON DRIVE EXTON PA 19341 FOOD SERVICE 1250432 FIRST CHOICE CLEANING SERVICES 1722 NEWPORT GAP PIKE WILMINGTON DE 19808 CLEANING SERVICE 391167 WILCOX LANDSCAPING 228 S DUPONT HWY NEW CASTLE DE 19720 LANDSCAPING SERVICES 302579 MODERN CONTROLS INC 26 BELLECOR DR NEW CASTLE DE 19720 HVAC SERVICES 267494 8 36215 49000 4345615 744804 4430830 TUITION 611110 28959809 28959809 AUXILIARY REVENUE 611110 1236644 1236644 FACILITIES RENTALS 611110 8508 8508 30204961 1990073 1990073 17637129 16378891 1258238 1258238 1258238 27501 36215 26785 716 716 ANCILLARY INCOME 611110 280834 280834 280834 38165652 30485795 0 3249027 6118833 6118833 897924 552382 345542 13599623 10136690 2710319 752614 787192 588320 143319 55553 1717176 1223044 365840 128292 1012484 761877 187387 63220 83602 83602 294210 294210 1626006 1473074 78565 74367 132872 9632 12542 110698 428896 60406 363212 5278 1754769 1656924 94575 3270 421258 297042 83685 40531 235347 219729 15183 435 1922727 1847376 71698 3653 SUPPLIES AND MATERIALS 985967 796224 141017 48726 FEES AND MISCELLANEOUS 780964 248472 505166 27326 EVENTS 343985 207842 86030 50113 33143835 26197867 5581892 1364076 8427232 6362558 3589176 3763486 93521 149237 302967 496813 91914894 43144537 43781331 48770357 65992750 71592825 3244360 3406108 125431337 134541384 987526 947005 6784148 6929045 8069983 7742121 15841657 15618171 X 52332588 54501353 57257092 64421860 109589680 118923213 125431337 134541384 X 5021817 4367020 -258494 203190 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 56032982 590275 7584793 774145 1337342 62096563 51769951 469203 5861901 850184 1217889 56032982 48778048 579757 4479015 974342 1092527 51769951 53726851 628479 -3788464 845287 943531 48778048 35538321 6108435 13797389 805903 911391 53726851 0.24116 0.49182 0.26703 0 0 3247658 3247658 72797613 30674802 42122811 11184891 9023314 2161577 4042792 3446421 596371 641940 641940 48770357 X 26844374 229975 229975 26614399 11551253 11551253 38165652 27051787 26785 26785 27025002 6118833 6118833 33143835 PART V, LINE 4: TOWER HILL SCHOOL ASSOCIATION'S VARIOUS INDIVIDUAL ENDOWMENT FUNDS WERE CREATED BY DONORS TO SUPPLEMENT FUNDING IN PERPETUITY FOR EDUCATIONAL PROGRAMS, SCHOOL OPERATIONS, SCHOLARSHIPS, FACULTY COMPENSATION AND FORUMS. PART X, LINE 2: THE INTERNAL REVENUE SERVICE HAS CLASSIFIED THE SCHOOL AS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE ("CODE"); AS AN ORGANIZATION, CONTRIBUTIONS TO WHICH ARE DEDUCTIBLE UNDER SECTION 170(B) OF THE CODE; AND AS AN ORGANIZATION THAT IS NOT A PRIVATE FOUNDATION AS DEFINED IN SECTION 509(A) OF THE CODE. MANAGEMENT HAS DETERMINED THAT AS OF JUNE 30, 2025 AND 2024, THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE SCHOOL RECOGNIZES ACCRUED INTEREST AND PENALTIES ASSOCIATED WITH UNCERTAIN TAX POSITIONS, IF ANY. THERE WERE NO INCOME TAX RELATED INTEREST AND PENALTIES RECORDED FOR EITHER OF THE YEARS ENDED JUNE 30, 2025 OR 2024. PART XI, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT DIRECT COSTS 26,785. CHANGE IN VALUE OF BENEFICIAL INTEREST IN PERPETUAL TRUSTS 203,190. PART XI, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL ASSISTANCE, REMISSION AND MERIT-BASED AWARDS 6,118,833. RESTRICTED CONTRIBUTIONS 2,154,284. INVESTMENT INCOME, NET OF BOARD DESIGNATED APPROPRIATIONS 2,279,136. GRANTS 999,000. PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT DIRECT EXPENSES 26,785. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL ASSISTANCE, REMISSION AND MERIT-BASED AWARDS 6,118,833. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 THE SCHOOL'S DIVERSITY POLICIES ARE CONTAINED IN VARIOUS MEDIA NOTICES WHICH INCLUDE, BUT ARE NOT LIMITED TO, THE TOWER HILL GUIDE BOOK AND APPLICATION FORM PROVIDED TO PROSPECTIVE FAMILIES, THE TOWER HILL WEBSITE AND THROUGH OUR MEMBERSHIP IN THE ASSOCIATION OF DELAWARE VALLEY INDEPENDENT SCHOOLS (ADVIS). OUR NONDISCRIMINATION POLICY ALSO ACCOMPANIES ALL JOB VACANCY ADVERTISEMENTS. EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM 0 0 INVESTMENTS 2044359 CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, 0 0 INVESTMENTS 3372132 0 0 0 0 0 0 5416491 0 5416491 0 0 0 0 0 0 GOLF OUTING 63716 36215 27501 26051 734 63716 36215 27501 26051 734 26785 716 1 TUITION REMISSION AND MERIT-BASED AWARDS 91 2066775 FINANCIAL ASSISTANCE 345 4046809 PART I, LINE 2: THE SCHOOL AWARDS SCHOLARSHIPS TO STUDENTS BASED MERIT OR DEMONSTRATED FINANCIAL NEED. PARTIAL TUITION REMISSION IS ALSO GRANTED TO CHILDREN OF FACULTY AND STAFF. X X X X X X 1 1 X X X X X 1 1 0 0 0 0 0 0 0 SARAH BAKER HEAD OF SCHOOL 375511 0 25000 0 8744 0 24231 0 27762 0 461248 0 0 0 ERIC NORMAN CFO (THRU 9/25) 293711 0 519 0 4313 0 20983 0 20283 0 339809 0 0 0 KRISTIN MUMFORD DIRECTOR OF ADMISSIONS/ADVANCEMENT 239310 0 742 0 813 0 16636 0 34798 0 292299 0 0 0 LINDSAY ACEVADO DIRECTOR OF COLLEGE COUNSELING 162834 0 1129 0 523 0 11927 0 8941 0 185354 0 0 0 AMY BICKHART HEAD OF LOWER SCHOOL 122873 0 557 0 1697 0 9518 0 28794 0 163439 0 0 0 ANTHONY PISAPIA THRU 7623 FORMER ASSOC HEAD OF SCHOOL 0 0 0 0 130000 0 0 0 0 0 130000 0 0 0 PART I, LINES 4A-B SEVERENCE WAS PAID TO THE FORMER ASSOCIATE HEAD OF SCHOOL. DURING 2023 HE WAS PAID $120,000. HE WAS PAID AN ADDITIONAL $130,000 IN CALENDAR YEAR 2024. THE HEAD OF SCHOOL PARTICIPATES IN A NON-QUALIFIED 457 PLAN. THERE WERE NO CONTRIBUTIONS TO THE PLAN DURING THE CALENDAR YEAR 2024. 8600 FINANCIAL AID 187350 TUITION REMISSION X 26 722515 HI/LOW DATE OF GIFT X VARIOUS AUCTION ITEMS 49 22289 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS REVIEWED AND APPROVED BY THE HEAD OF SCHOOL AND THE AUDIT COMMITTEE. PRIOR TO FILING, THE FINAL VERSION OF THE FORM 990 IS MADE AVAILABLE TO THE BOARD OF TRUSTEES FOR THEIR REVIEW. FORM 990, PART VI, SECTION B, LINE 12C TRUSTEES ARE REQUIRED ANNUALLY TO SIGN CONFLICT OF INTEREST STATEMENTS AND DISCLOSE ANY KNOWN OR POTENTIAL CONFLICTS OF INTEREST IN THESE STATEMENTS AND AS THEY ARISE THROUGHOUT THE YEAR. FORM 990, PART VI, SECTION B, LINE 15 EACH YEAR, THE COMPENSATION COMMITTEE OF THE BOARD CONDUCTS A BENCHMARK ANALYSIS TO EVALUATE ALL COMPONENTS OF THE HEAD OF SCHOOL'S COMPENSATION PACKAGE, INCLUDING BASE SALARY, SCHOOL-WIDE BENEFITS, DEFERRED COMPENSATION, OTHER COMPENSATION, HOUSING, REMISSION, AND VEHICLE USAGE. THE BENCHMARK GROUP INCLUDES TOWER HILL SCHOOL AND OTHER SIMILARLY-SITUATED SCHOOLS IN THE US. THE COMPENSATION COMMITTEE DOCUMENTS THE MEETING, INCLUDING A FULL LIST OF THOSE PRESENT AND THEIR INDEPENDENCE, AND THE PROCESS USED TO CONDUCT THEIR REVIEW. THE COMMITTEE THEN PRESENTS THEIR RECOMMENDATION TO THE FULL BOARD FOR REVIEW. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, FINANCIAL STATEMENTS AND FORM 990 ARE HELD WITH THE SCHOOL AND MAY BE MADE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE OF VALUE OF BENEFICIAL INTEREST IN PERPETUAL TRUSTS 203,190. FORM 990, PART XII, LINE 2C THE AUDIT COMMITTEE IS RESPONSIBLE FOR THE OVERSIGHT OF THE AUDIT AND SELECTION OF THE INDEPENDENT ACCOUNTANT. THIS PROCESS REMAINS UNCHANGED FROM THE PRIOR YEAR.