Nonprofit · EIN 13-1393610
TOWN SCHOOL INC
Tax-exempt · NEW YORK, NY 10021
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| August 31, 2025 | 990 | $24,404,901 | $24,694,087 | -$289,186 | $79,315,347 | $9,489,341 | $69,826,006 |
| August 31, 2024 | 990 | $23,096,922 | $24,337,870 | -$1,240,948 | $74,890,753 | $9,316,209 | $65,574,544 |
| August 31, 2023 | 990 | $22,268,697 | $23,337,146 | -$1,068,449 | $68,721,382 | $9,211,640 | $59,509,742 |
Financial details: 990 for the year ended August 31, 2025
Revenue
- Contributions, gifts and grants
- $1,045,515
- Program service revenue
- $20,334,351
- Investment income
- $2,170,548
- Net rental income
- $272,561
- Net gain from sales of assets
- $594,425
- Net income from fundraising events
- -$4,475
- Other revenue
- $854,487
Expenses
- Grants and similar amounts paid
- $4,477,100
- Compensation of officers, directors and key employees
- $1,759,711
- Other salaries and wages
- $9,201,528
- Salaries, compensation and benefits (total)
- $13,956,367
- Professional fundraising fees
- $450,000
- Legal fees
- $225,273
- Occupancy
- $236,038
- Depreciation
- $778,941
- Program services (functional)
- $20,765,283
- Management and general (functional)
- $2,924,606
- Fundraising (functional)
- $1,004,198
Balance sheet and other
- Total assets, start of year
- $74,890,753
- Total assets, end of year
- $79,315,347
- Total liabilities, end of year
- $9,489,341
- Net assets, end of year
- $69,826,006
- Land, buildings and equipment
- $10,962,689
- Publicly traded securities
- $58,373,299
- Net assets without donor restrictions
- $57,460,036
- Net assets with donor restrictions
- $12,365,970
- Gross receipts
- $25,834,831
- Employees
- 146
- Volunteers
- 21
- Year formed
- 1913
- State of legal domicile
- NY
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended August 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| DOUGLAS BROPHY | HEAD OF SCHOOL Trustee or director, Officer | 40 | $592,569 | $225,560 |
| JASON BOSSART | CHIEF OPERATING OFFICER Officer | 40 | $284,665 | $32,844 |
| DAVID WOOD | HEAD OF LOWER SCHOOL Highest-paid employee | 40 | $196,036 | $69,626 |
| BETHANY STALLINGS | DIR. OF ATHLETICS & PHYSIC Highest-paid employee | 40 | $193,455 | $44,627 |
| JANIE VANCE | ACADEMIC DEAN Highest-paid employee | 40 | $180,178 | $55,194 |
| ALEXIS WILLIAMS | HEAD OF UPPER SCHOOL Highest-paid employee | 40 | $194,267 | $31,651 |
| GARY MUI | DIRECTOR OF FINANCE Officer | 40 | $162,359 | $54,432 |
| CHLOE GIRY | DIRECTOR OF ADM. & ENROLLMENT Highest-paid employee | 40 | $188,012 | $12,293 |
| YUKO MA KENNEALLY | FACULTY TRUSTEE (OUTGOING 6/30/25) Trustee or director | 40 | $117,861 | $42,798 |
| AVA COLLINS | FACULTY TRUSTEE Trustee or director | 40 | $98,770 | $28,281 |
| ADA KARCZMER | TRUSTEE Trustee or director | 1 | $0 | $0 |
| ALISON HUNTER | TRUSTEE (OUTGOING 6/30/25) Trustee or director | 1 | $0 | $0 |
| ANDREW HOFER | TREASURER Trustee or director, Officer | 5 | $0 | $0 |
| CHARYL PITTS-HOWARD | TRUSTEE Trustee or director | 1 | $0 | $0 |
| DANIEL SCHUBERT | SECRETARY Trustee or director, Officer | 5 | $0 | $0 |
20 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DARIAN LEVIN | FACULTY TRUSTEE (INCOMING 7/1/25) Trustee or director | 1 | $0 |
| GRACE KO | TRUSTEE Trustee or director | 1 | $0 |
| ISABEL ESTRADA | TRUSTEE Trustee or director | 1 | $0 |
| J PATRICK BENNETT | TRUSTEE Trustee or director | 1 | $0 |
| JACQUELINE Y PELZER | TRUSTEE Trustee or director | 1 | $0 |
| JAMIESON ODELL | CO-CHAIR Trustee or director, Officer | 5 | $0 |
| JENNIFER ROTHBERG | VICE CHAIR Trustee or director, Officer | 1 | $0 |
| JONATHAN IGER | TRUSTEE Trustee or director | 1 | $0 |
| JOSHUA HELFAT | TRUSTEE Trustee or director | 1 | $0 |
| LEON DEAN | TRUSTEE (OUTGOING 6/30/25) Trustee or director | 1 | $0 |
| MATTHEW MINTZER | TRUSTEE (INCOMING 7/1/25) Trustee or director | 1 | $0 |
| MELKIS BAEZ | TRUSTEE Trustee or director | 1 | $0 |
| MICHAEL CUMMINS | TRUSTEE Trustee or director | 1 | $0 |
| NAEEMA THOMPSON | TRUSTEE (INCOMING 7/1/25) Trustee or director | 1 | $0 |
| NALEDI SEMELA | TRUSTEE Trustee or director | 1 | $0 |
| PAULA MCGLARRY | CO-CHAIR Trustee or director, Officer | 5 | $0 |
| RESHAN RICHARDS | TRUSTEE Trustee or director | 1 | $0 |
| VALERIE ANTOINE-GUSTAVE | TRUSTEE Trustee or director | 1 | $0 |
| VALERIE RUSSO | TRUSTEE Trustee or director | 1 | $0 |
| ZAINAB MILLER | VICE CHAIR (OUTGOING 6/30/25) Trustee or director, Officer | 5 | $0 |
990 for the year ended August 31, 2024: 34 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| DOUGLAS BROPHY | HEAD OF SCHOOL Trustee or director, Officer | 40 | $573,162 | $211,626 |
| JASON BOSSART | CHIEF OPERATING OFFICER Officer | 40 | $272,706 | $31,440 |
| DAVID WOOD | HEAD OF LOWER SCHOOL Highest-paid employee | 40 | $189,350 | $65,943 |
| BETHANY STALLINGS | DIR. OF ATHLETICS & PHYSICAL ED. Highest-paid employee | 40 | $184,937 | $30,419 |
| PHILIP C BIEN | DIRECTOR INSTITUTIONAL ADV Highest-paid employee | 40 | $174,167 | $40,043 |
| ALISON VASIOS FLANNERY | HEAD OF NURSERY-KINDER Highest-paid employee | 40 | $179,309 | $19,242 |
| CHLOE GIRY | DIRECTOR OF ADM. & ENROLLMENT Highest-paid employee | 40 | $181,390 | $11,905 |
| YUKO MA KENNEALLY | FACULTY TRUSTEE Trustee or director | 40 | $116,481 | $40,801 |
| AVA COLLINS | FACULTY TRUSTEE Trustee or director | 40 | $97,853 | $25,192 |
| GARY MUI | DIRECTOR OF FINANCE Officer | 40 | $78,149 | $29,105 |
| ADA KARCZMER | TRUSTEE (INCOMING 7/1/24) Trustee or director | 1 | $0 | $0 |
| ALISON HUNTER | TRUSTEE Trustee or director | 1 | $0 | $0 |
| ANDREW HOFER | TREASURER Trustee or director, Officer | 5 | $0 | $0 |
| CHARYL PITTS-HOWARD | TRUSTEE (INCOMING 7/1/24) Trustee or director | 1 | $0 | $0 |
| DANA LADDEN | TRUSTEE (OUTGOING 6/30/24) Trustee or director | 1 | $0 | $0 |
| DANIEL SCHUBERT | SECRETARY Trustee or director, Officer | 5 | $0 | $0 |
| GRACE KO | TRUSTEE Trustee or director | 1 | $0 | $0 |
| ISABEL ESTRADA | TRUSTEE Trustee or director | 1 | $0 | $0 |
| J PATRICK BENNETT | TRUSTEE Trustee or director | 1 | $0 | $0 |
| JACQUELINE Y PELZER | TRUSTEE Trustee or director | 1 | $0 | $0 |
| JAMIESON ODELL | CO-CHAIR Trustee or director, Officer | 5 | $0 | $0 |
| JENNIFER ROTHBERG | TRUSTEE Trustee or director | 1 | $0 | $0 |
| JONATHAN IGER | TRUSTEE Trustee or director | 1 | $0 | $0 |
| JOSHUA HELFAT | TRUSTEE Trustee or director | 1 | $0 | $0 |
| LEON DEAN | TRUSTEE Trustee or director | 1 | $0 | $0 |
| MELKIS BAEZ | TRUSTEE Trustee or director | 1 | $0 | $0 |
| MICHAEL CUMMINS | TRUSTEE Trustee or director | 1 | $0 | $0 |
| NALEDI SEMELA | TRUSTEE Trustee or director | 1 | $0 | $0 |
| PAULA MCGLARRY | CO-CHAIR Trustee or director, Officer | 5 | $0 | $0 |
| RENE FLORVILLE | TRUSTEE (OUTGOING 6/30/24) Trustee or director | 1 | $0 | $0 |
| RESHAN RICHARDS | TRUSTEE Trustee or director | 1 | $0 | $0 |
| VALERIE ANTOINE-GUSTAVE | TRUSTEE (INCOMING 7/1/24) Trustee or director | 1 | $0 | $0 |
| VALERIE RUSSO | TRUSTEE Trustee or director | 1 | $0 | $0 |
| ZAINAB MILLER | VICE CHAIR Trustee or director, Officer | 5 | $0 | $0 |
990 for the year ended August 31, 2023: 33 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| DOUGLAS BROPHY | HEAD OF SCHOOL Trustee or director, Officer | 40 | $549,181 | $213,676 |
| JASON BOSSART | CHIEF OPERATING OFFICER Officer | 40 | $263,031 | $28,490 |
| DAVID WOOD | HEAD OF LOWER SCHOOL Highest-paid employee | 40 | $183,019 | $61,392 |
| WILLIAM MCCARTNEY | DIRECTOR OF PLACEMENT Highest-paid employee | 40 | $175,869 | $63,248 |
| CAROL SEELEY | HEAD OF UPPER SCHOOL (OUTGOING) Highest-paid employee | 40 | $190,263 | $26,138 |
| KELLY GRUEN | DIR. OF FINANCE & HR (OUTGOING) Officer | 40 | $174,232 | $32,772 |
| ALISON VASIOS FLANNERY | HEAD OF NURSERY-KINDERGARTEN Highest-paid employee | 40 | $172,008 | $18,424 |
| PHILIP C BIEN | DIRECTOR INSTITUTIONAL ADVANCEMENT Highest-paid employee | 40 | $170,583 | $3,292 |
| YUKO MA KENNEALLY | FACULTY TRUSTEE Trustee or director | 40 | $113,224 | $36,800 |
| AVA COLLINS | FACULTY TRUSTEE Trustee or director | 40 | $92,294 | $22,845 |
| ALISON HUNTER | TRUSTEE Trustee or director | 1 | $0 | $0 |
| ANDREW HOFER | TRUSTEE Trustee or director | 1 | $0 | $0 |
| DANA LADDEN | TRUSTEE Trustee or director | 1 | $0 | $0 |
| DANIEL SCHUBERT | TRUSTEE Trustee or director | 1 | $0 | $0 |
| GRACE KO | TRUSTEE Trustee or director | 1 | $0 | $0 |
| ISABEL ESTRADA | TRUSTEE Trustee or director | 1 | $0 | $0 |
| J PATRICK BENNETT | TRUSTEE Trustee or director | 1 | $0 | $0 |
| JACQUELINE Y PELZER | TRUSTEE Trustee or director | 1 | $0 | $0 |
| JAMIESON ODELL | CO-VICE CHAIR (07/1/22-06/30/23) Trustee or director, Officer | 5 | $0 | $0 |
| JEFFREY STAFFORD | TRUSTEE (OUTGOING 6/30/23) Trustee or director | 1 | $0 | $0 |
| JENNIFER ROTHBERG | TRUSTEE Trustee or director | 1 | $0 | $0 |
| JONATHAN IGER | TRUSTEE Trustee or director | 1 | $0 | $0 |
| JOSHUA HELFAT | TRUSTEE Trustee or director | 1 | $0 | $0 |
| LEON DEAN | TRUSTEE Trustee or director | 1 | $0 | $0 |
| MELKIS BAEZ | TRUSTEE Trustee or director | 1 | $0 | $0 |
| MICHAEL CUMMINS | TRUSTEE Trustee or director | 1 | $0 | $0 |
| NALEDI SEMELA | TRUSTEE Trustee or director | 1 | $0 | $0 |
| PAULA MCGLARRY | CO-VICE CHAIR (07/1/22-06/30/23) Trustee or director, Officer | 5 | $0 | $0 |
| PETER EVANS | TREASURER (OUTGOING 06/30/23) Trustee or director, Officer | 5 | $0 | $0 |
| RENE FLORVILLE | TRUSTEE Trustee or director | 1 | $0 | $0 |
| RESHAN RICHARDS | TRUSTEE Trustee or director | 1 | $0 | $0 |
| VALERIE RUSSO | CHAIR (TERM UP 06/30/23) Trustee or director, Officer | 5 | $0 | $0 |
| ZAINAB MILLER | SECRETARY(7/1/22-06/30/23) Trustee or director, Officer | 5 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 540 E 76TH ST, NEW YORK, NY 10021-3394
- Principal officer (990 for 2024)
- DOUGLAS BROPHY, 540 EAST 76TH STREET, NEW YORK, NY 10021
- Signed the 990
- GARY MUI, DIRECTOR OF FINANCE
- Phone
- (212) 288-4383
- Return prepared by
- CBIZ ADVISORS LLC
Mission
THE TOWN SCHOOL IS COMMITTED TO ELEMENTARY COEDUCATION, SERVING STUDENTS IN NURSERY THROUGH EIGHTH GRADE. AS WE EMBRACE HIGH ACADEMIC AND ETHICAL STANDARDS FOR EACH STUDENT, WE ARE GUIDED BY OUR SCHOOL MOTTO, LET THERE BE JOY IN LEARNING. TOWN'S PROGRAM BALANCES THE TRADITIONAL AND THE INNOVATIVE, EMPHASIZING EXCELLENCE IN ACADEMICS AND A THOROUGH EXPOSURE TO THE ARTS AND PHYSICAL EDUCATION. WE TEACH CHILDREN TO THINK CREATIVELY, READ CRITICALLY AND REASON LOGICALLY, STRESSING THE VALUE OF BOTH INDIVIDUAL LEARNING AND COLLABORATION. WE ARE COMMITTED TO DIVERSITY, TEACHING STUDENTS TO BE INCLUSIVE AND TO RESPECT THEMSELVES AND OTHERS. STUDENTS LEAVE TOWN AS WELL-ROUNDED, ARTICULATE, RESILIENT AND MORALLY RESPONSIBLE INDIVIDUALS. THEY ARE PREPARED TO MEET THE CHALLENGES OF A DEMANDING SECONDARY EDUCATION AND CONTINUE ON THE PATH OF LIFELONG LEARNING.
Program accomplishments
- THE TOWN SCHOOL'S PROGRAM BALANCES THE TRADITIONAL AND THE INNOVATIVE, EMPHASIZING EXCELLENCE IN ACADEMICS AND A THOROUGH EXPOSURE TO THE ARTS AND PHYSICAL EDUCATION. TOWN IS COMMITTED TO DIVERSITY, TEACHING STUDENTS TO BE INCLUSIVE AND TO RESPECT THEMSELVES AND OTHERS. EMBRACING THE IDEA THAT CHILDREN LEARN DIFFERENTLY THAN HIGH SCHOOL STUDENTS OR ADULTS, THE TOWN SCHOOL IS COMMITTED TO THEIR NURSERY THROUGH EIGHTH GRADE (N-8) STRUCTURE. TOWN'S CURRICULA AND TEACHING METHODS ARE DIFFERENT FROM THOSE OF OTHER PROGRAMS, BALANCING THE RIGHT COMBINATION OF ACADEMIC CHALLENGE AND NURTURING SUPPORT AT EACH GRADE LEVEL. THE EMPHASIS IS ON DISCOVERY, EXPLORATION, AND SOCIAL GROWTH INHERENT IN CHILDREN, ENABLED BY A CLASSROOM SETUP AND TEACHING STYLE THAT EMPOWERS STUDENTS TO SPEAK UP AND PARTICIPATE. THE TEACHERS, WHO SERVE AS MENTORS AND FACILITATORS RATHER THAN LECTURERS, APPRECIATE THE UNIQUENESS OF CHILDHOOD AND FOSTER THE INDIVIDUALITY OF EVERY STUDENT. STUDENTS GRADUATE FROM TOWN AS WELL-ROUNDED, ARTICULATE, RESILIENT, AND MORALLY RESPONSIBLE INDIVIDUALS. THEY ARE PREPARED TO MEET THE CHALLENGES OF A DEMANDING SECONDARY EDUCATION AND CONTINUE ON THE PATH OF LIFELONG LEARNING. THE TOWN SCHOOL FACULTY TO STUDENT RATIO IS ONE TO FIVE, INCLUDING MATH AND READING SPECIALISTS, GUIDANCE COUNSELORS, AND A DIRECTOR OF DIVERSITY. THE RIVERFRONT BUILDING PROVIDES THE IDEAL ENVIRONMENT FOR WELCOMING AND ENRICHING CHILDREN'S NATURAL CURIOSITY. FACILITIES INCLUDE THREE CONNECTED BUILDINGS HOUSING A STATE-OF-THE-ART LIBRARY/TECHNOLOGY CENTER IN THE HEART OF THE SCHOOL, RECENTLY RENOVATED STATE-OF-THE-ART SCIENCE LABS, ROOMY LIGHT-FILLED CLASSROOMS, MANY OF WHICH HAVE RIVER VIEWS, FULLY EQUIPPED ART CLASSROOMS, A LARGE GYM, TWO LARGE PLAY TERRACES, AND A LARGE AUDITORIUM. THE TOWN SCHOOL RECOGNIZES THE IMPORTANCE OF THE RELATIONSHIP BETWEEN PARENTS AND THEIR CHILD'S SCHOOL. TOWN OFFERS A PARENT EDUCATON PROGRAM TO INTRODUCE THE TOWN CURRICULUM AND THE DEVELOPMENTAL NEEDS OF CHILDREN AT EACH GRADE LEVEL. IN ADDITION, THE TOWN SCHOOL OPERATES SUMMER SCHOOL, AFTER SCHOOL PROGRAMS (INCLUDING CLUBHOUSE, POSTSCRIPT, AND INDIVIDUAL INSTRUMENTAL LESSONS), AND DAY CARE PROGRAMS THAT ENHANCE THE REGULAR SCHOOL CURRICULUM PROVIDED TO THE STUDENTS. THE TOWN SCHOOL IS ACCREDITED BY THE NEW YORK STATE ASSOCIATION OF INDEPENDENT SCHOOLS.Expenses $20,765,283 · grants $4,477,100 · revenue $20,920,752
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in August, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | August 31, 2026 | January 15, 2027 | Not due yet |
| 2024 | August 31, 2025 | January 15, 2026 | 990 on file |
| 2023 | August 31, 2024 | January 15, 2025 | 990 on file |
IRS record
- EIN
- 13-1393610
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- School
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1953
- Accounting year ends
- August
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $79,315,347
- Income (IRS master file)
- $25,834,831
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | August 2025 | – | – | – | IRS |
| 990-T | August 2025 | – | – | – | IRS |
| 990 | August 2024 | – | – | – | IRS |
| 990-T | August 2024 | – | – | – | IRS |
| 990 | August 2023 | $22,268,697 | $23,337,146 | $68,721,382 | IRS |
| 990-T | August 2023 | – | – | – | IRS |
| 990 | August 2022 | $25,437,632 | $23,110,601 | $66,101,816 | IRS |
| 990-T | August 2022 | – | – | – | IRS |
| 990 | August 2021 | – | – | – | IRS |
| 990-T | August 2021 | – | – | – | IRS |
| 990 | August 2020 | – | – | – | IRS |
| 990 | August 2018 | – | – | – | IRS |
990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS.
Questions about TOWN SCHOOL INC
- What is the EIN of TOWN SCHOOL INC?
- The employer identification number (EIN) of TOWN SCHOOL INC is 13-1393610.
- Is TOWN SCHOOL INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1953.
- Are donations to TOWN SCHOOL INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does TOWN SCHOOL INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of TOWN SCHOOL INC due?
- The return for tax year 2025 (the year ending August 31, 2026) is due January 15, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did TOWN SCHOOL INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended August 2025.
- Who is the principal officer of TOWN SCHOOL INC?
- The 990 for the year ended August 31, 2025 names DOUGLAS BROPHY.
- Who are the officers and directors of TOWN SCHOOL INC?
- The 990 for the year ended August 31, 2025 lists 35 people; 10 received compensation from the organization, the highest $592,569 (DOUGLAS BROPHY, HEAD OF SCHOOL).
- How much revenue does TOWN SCHOOL INC have?
- On its 990 for the year ended August 31, 2025 it reported revenue of $24,404,901, expenses of $24,694,087 and total assets of $79,315,347 at year end.
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