Nonprofit · EIN 21-0635004
THE PENNINGTON SCHOOL
Tax-exempt · PENNINGTON, NJ 08534
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $41,880,324 | $41,087,564 | $792,760 | $101,820,507 | $26,659,389 | $75,161,118 |
| June 30, 2024 | 990 | $37,841,960 | $38,690,093 | -$848,133 | $95,641,589 | $23,016,311 | $72,625,278 |
| June 30, 2023 | 990 | $37,975,879 | $36,919,688 | $1,056,191 | $92,354,430 | $21,878,042 | $70,476,388 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $2,803,709
- Program service revenue
- $33,660,579
- Investment income
- $4,869,573
- Net rental income
- $207,709
- Net gain from sales of assets
- $3,025,171
- Net income from sales of inventory
- $79,521
- Other revenue
- $546,463
Expenses
- Grants and similar amounts paid
- $8,839,041
- Compensation of officers, directors and key employees
- $880,032
- Other salaries and wages
- $14,682,609
- Salaries, compensation and benefits (total)
- $19,646,484
- Professional fundraising fees
- $0
- Legal fees
- $54,973
- Accounting fees
- $74,776
- Occupancy
- $2,518,548
- Travel
- $321,250
- Depreciation
- $2,737,589
- Program services (functional)
- $30,579,301
- Management and general (functional)
- $8,608,172
- Fundraising (functional)
- $1,900,091
Balance sheet and other
- Total assets, start of year
- $95,641,589
- Total assets, end of year
- $101,820,507
- Total liabilities, end of year
- $26,659,389
- Net assets, end of year
- $75,161,118
- Land, buildings and equipment
- $39,052,961
- Publicly traded securities
- $49,060,767
- Net assets without donor restrictions
- $44,355,926
- Net assets with donor restrictions
- $30,805,192
- Gross unrelated business income
- $143,634
- Gross receipts
- $47,714,931
- Employees
- 316
- Volunteers
- 253
- Year formed
- 1838
- State of legal domicile
- NJ
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 June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| William Stevenson Hawkey | Head of School Trustee or director, Officer | 40 | $544,685 | $119,819 |
| Charles D Brown | Asst Head, Dir of Advancement Highest-paid employee | 40 | $286,540 | $34,212 |
| Chadwick Bridges | Associate Head of School Highest-paid employee | 40 | $157,447 | $91,567 |
| Sharon Jarboe | Director of Admission Highest-paid employee | 40 | $162,125 | $33,372 |
| Christen E Jones | Director of Development Highest-paid employee | 40 | $154,266 | $18,850 |
| Joannah Prockop | Director of the Learning CTR Highest-paid employee | 40 | $137,419 | $19,102 |
| John C Dwyer | CFO (THRU 6/26/2025) Officer | 40 | $119,004 | $20,219 |
| Brenda Rene Cole | FORMER CHIEF FINANCIAL OFFICER Former | 0 | $117,629 | $8,624 |
| A Louis Denton Esq | Trustee Trustee or director | 2 | $0 | $0 |
| Arti Patel | Trustee Trustee or director | 2 | $0 | $0 |
| Bishop Cynthia Moore-Koikoi | Trustee Trustee or director | 2 | $0 | $0 |
| BRENDA MARTINI O'LOUGHLIN | Trustee Trustee or director | 2 | $0 | $0 |
| CELESTE JACKSON | Trustee Trustee or director | 2 | $0 | $0 |
| CHANDRA BINKY SANDERS | Trustee Trustee or director | 2 | $0 | $0 |
| Dan Mahony | Trustee Trustee or director | 2 | $0 | $0 |
30 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DAVID J LONG III | Trustee Trustee or director | 2 | $0 |
| DENNIS S KEATING | Trustee Trustee or director | 2 | $0 |
| ERICH STEGICH | Trustee Trustee or director | 2 | $0 |
| GEOFFREY CROMARTY | Trustee Trustee or director | 2 | $0 |
| JACK GREEN | Trustee Trustee or director | 2 | $0 |
| JACOB LEVY | Trustee Trustee or director | 2 | $0 |
| JAE HYEOK HEO | Trustee Trustee or director | 2 | $0 |
| JASON RIDINGS | Trustee Trustee or director | 2 | $0 |
| JIAN JIM WANG PHD | Trustee Trustee or director | 2 | $0 |
| JOHN S BIDDISCOMBE | Trustee Trustee or director | 2 | $0 |
| JORDAN M GRAY | Trustee Trustee or director | 2 | $0 |
| JUDITH ROSENBERG | Trustee Trustee or director | 2 | $0 |
| JULIE WULF | Trustee Trustee or director | 2 | $0 |
| Karin Sanderson | Trustee Trustee or director | 2 | $0 |
| KATHERINE Q ROSA | Trustee Trustee or director | 2 | $0 |
| LISA ESPINOZA MD | Trustee Trustee or director | 2 | $0 |
| MATTHEW PAULS | Trustee Trustee or director | 2 | $0 |
| MICHAEL D JINGOLI | Trustee Trustee or director | 2 | $0 |
| MINSOO KIM | Trustee Trustee or director | 2 | $0 |
| PETER J TUCCI ESQ | Trustee Trustee or director | 2 | $0 |
| REV DR DAVID C MERTZ | Trustee Trustee or director | 2 | $0 |
| REV DR DONALD MEDLEY | Trustee Trustee or director | 2 | $0 |
| REV DR VIRGINIA SAMUEL CETUK | Trustee Trustee or director | 2 | $0 |
| REV RONELL HOWARD | Trustee Trustee or director | 2 | $0 |
| SOOPAKIJ CHRIS CHEARAVANONT | Trustee Trustee or director | 2 | $0 |
| STEPHEN TAN | Trustee Trustee or director | 2 | $0 |
| STEVEN M SILBERMAN | Trustee Trustee or director | 2 | $0 |
| SWATI NAVANI | TRUSTEE Trustee or director | 2 | $0 |
| VANDANA BHANOTE | TRUSTEE Trustee or director | 2 | $0 |
| WILLIAM OLDSEY | TRUSTEE Trustee or director | 2 | $0 |
990 for the year ended June 30, 2024: 44 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| WILLIAM STEVENSON HAWKEY | HEAD OF SCHOOL Trustee or director, Officer | 40 | $505,592 | $116,826 |
| CHARLES D BROWN | Director of Advancement Highest-paid employee | 40 | $273,955 | $38,849 |
| CHADWICK BRIDGES | Associate Head of School Highest-paid employee | 40 | $139,744 | $88,311 |
| BRENDA RENE COLE | Chief Financial Officer Officer | 40 | $207,767 | $15,408 |
| SHARON JARBOE | DIRECTOR OF ADMISSION Highest-paid employee | 40 | $152,007 | $31,954 |
| Christen Elyse Conaway Jones | Director of Development Highest-paid employee | 40 | $151,691 | $13,641 |
| Joannah Prockop | Director of the Learning Cente Highest-paid employee | 40 | $130,334 | $18,309 |
| A Louis Denton Esq | Trustee Trustee or director | 2 | $0 | $0 |
| Arti Patel | Trustee Trustee or director | 2 | $0 | $0 |
| Bishop John R Schol | Trustee Trustee or director | 2 | $0 | $0 |
| Brenda Martini O'loughlin | Trustee Trustee or director | 2 | $0 | $0 |
| Celeste Jackson | Trustee Trustee or director | 2 | $0 | $0 |
| Chandra Binky Sanders | Trustee Trustee or director | 2 | $0 | $0 |
| Dan Mahony | Trustee Trustee or director | 2 | $0 | $0 |
| David J Long III | Trustee Trustee or director | 2 | $0 | $0 |
| Dennis S Keating | Trustee Trustee or director | 2 | $0 | $0 |
| Erich Stegich | Trustee Trustee or director | 2 | $0 | $0 |
| Geoffrey Cromarty | Trustee Trustee or director | 2 | $0 | $0 |
| Jack Green | Trustee Trustee or director | 2 | $0 | $0 |
| Jacob Levy | Trustee Trustee or director | 2 | $0 | $0 |
| Jae Hyeok Heo | Trustee Trustee or director | 2 | $0 | $0 |
| Jason Ridings | Trustee Trustee or director | 2 | $0 | $0 |
| Jian Jim Wang PhD | Trustee Trustee or director | 2 | $0 | $0 |
| John S Biddiscombe | Trustee Trustee or director | 2 | $0 | $0 |
| Jordan M Gray | Trustee Trustee or director | 2 | $0 | $0 |
| Judith Rosenberg | Trustee Trustee or director | 2 | $0 | $0 |
| Julie Wulf | Trustee Trustee or director | 2 | $0 | $0 |
| Katherine Q Rosa | Trustee Trustee or director | 2 | $0 | $0 |
| Lisa Espinoza MD | Trustee Trustee or director | 2 | $0 | $0 |
| Matthew Pauls | Trustee Trustee or director | 2 | $0 | $0 |
| Melinda Van Dillen | Trustee Trustee or director | 2 | $0 | $0 |
| Michael D Jingoli | Trustee Trustee or director | 2 | $0 | $0 |
| Minsoo Kim | Trustee Trustee or director | 2 | $0 | $0 |
| Peter J Tucci Esq | Trustee Trustee or director | 2 | $0 | $0 |
| Rev Dr David C Mertz | Trustee Trustee or director | 2 | $0 | $0 |
| Rev Dr Donald Medley | Trustee Trustee or director | 2 | $0 | $0 |
| Rev Dr Virginia Samuel Cetuk | Trustee Trustee or director | 2 | $0 | $0 |
| Rev Ronell Howard | Trustee Trustee or director | 2 | $0 | $0 |
| Soopakij Chris Chearavanont | Trustee Trustee or director | 2 | $0 | $0 |
| Stephen Tan | Trustee Trustee or director | 2 | $0 | $0 |
| Steven M Silberman | Trustee Trustee or director | 2 | $0 | $0 |
| Swati Navani | Trustee Trustee or director | 2 | $0 | $0 |
| Vandana Bhanote | Trustee Trustee or director | 2 | $0 | $0 |
| William Oldsey | Trustee Trustee or director | 2 | $0 | $0 |
990 for the year ended June 30, 2023: 41 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| William Stevenson Hawkey | Head of School Trustee or director, Officer | 40 | $467,278 | $22,512 |
| Charles D Brown | Director of Advancement Highest-paid employee | 40 | $264,786 | $19,407 |
| Sharon Jarboe | Director of Admission Highest-paid employee | 40 | $129,213 | $10,127 |
| Deborah R Fermo | Dean of Faculty Highest-paid employee | 40 | $127,502 | $7,492 |
| Joannah Prockop | Director of the Learning CTR Highest-paid employee | 40 | $125,113 | $9,262 |
| Chadwick Bridges | Dean of STUDENTS Highest-paid employee | 40 | $123,673 | $10,537 |
| Brenda Rene Cole | Chief Financial Officer Officer | 40 | $91,406 | $6,534 |
| A Louis Denton Esq | Trustee Trustee or director | 2 | $0 | $0 |
| Bishop John R Schol | Trustee Trustee or director | 2 | $0 | $0 |
| Brenda Martini O'loughlin | Trustee Trustee or director | 2 | $0 | $0 |
| Celeste Jackson | Trustee Trustee or director | 2 | $0 | $0 |
| Chandra Binky Sanders | Trustee Trustee or director | 2 | $0 | $0 |
| Dan Mahony | Trustee Trustee or director | 2 | $0 | $0 |
| David J Long III | Trustee Trustee or director | 2 | $0 | $0 |
| Dennis S Keating | Trustee Trustee or director | 2 | $0 | $0 |
| Erich Stegich | Trustee Trustee or director | 2 | $0 | $0 |
| Jack Green | Trustee Trustee or director | 2 | $0 | $0 |
| Jacob Levy | Trustee Trustee or director | 2 | $0 | $0 |
| Jae Hyeok Heo | Trustee Trustee or director | 2 | $0 | $0 |
| Jason Ridings | Trustee Trustee or director | 2 | $0 | $0 |
| Jian Jim Wang PhD | Trustee Trustee or director | 2 | $0 | $0 |
| John S Biddiscombe | Trustee Trustee or director | 2 | $0 | $0 |
| Jordan M Gray | Trustee Trustee or director | 2 | $0 | $0 |
| Judith Rosenberg | Trustee Trustee or director | 2 | $0 | $0 |
| Julie Wulf | Trustee Trustee or director | 2 | $0 | $0 |
| Katherine Q Rosa | Trustee Trustee or director | 2 | $0 | $0 |
| Lisa Espinoza MD | Trustee Trustee or director | 2 | $0 | $0 |
| Matthew Pauls | Trustee Trustee or director | 2 | $0 | $0 |
| Michael D Jingoli | Trustee Trustee or director | 2 | $0 | $0 |
| Minsoo Kim | Trustee Trustee or director | 2 | $0 | $0 |
| Peter J Tucci Esq | Trustee Trustee or director | 2 | $0 | $0 |
| Rev Dr Virginia Samuel Cetuk | Trustee Trustee or director | 2 | $0 | $0 |
| Rev Ronell Howard | Trustee Trustee or director | 2 | $0 | $0 |
| Soopakij Chris Chearavanont | Trustee Trustee or director | 2 | $0 | $0 |
| Stephen Tan | Trustee Trustee or director | 2 | $0 | $0 |
| Steven M Silberman | Trustee Trustee or director | 2 | $0 | $0 |
| Swati Navani | Trustee Trustee or director | 2 | $0 | $0 |
| REV Dr David C Mertz | Trustee Trustee or director | 2 | $0 | $0 |
| REV Dr Donald Medley | Trustee Trustee or director | 2 | $0 | $0 |
| Vandana Bhanote | Trustee Trustee or director | 2 | $0 | $0 |
| William Oldsey | Trustee Trustee or director | 2 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 112 W DELAWARE AVE, PENNINGTON, NJ 08534-1601
- Principal officer (990 for 2024)
- Daniel Baverstock, 112 W Delaware Ave, Pennington, NJ 08534
- Signed the 990
- Daniel Baverstock, CFOO
- Phone
- (609) 737-1838
- Website
- WWW.PENNINGTON.ORG
- Return prepared by
- WITHUM SMITH BROWN PC
Mission
THE PENNINGTON SCHOOL IS AN INDEPENDENT CO-EDUCATIONAL SCHOOL SERVING DAY AND BOARDING STUDENTS IN GRADES 6-12. THE SCHOOL IS DEDICATED TO DEVELOPING INDIVIDUAL EXCELLENCE IN ALL OF ITS STUDENTS.
Program accomplishments
- COEDUCATIONAL DAY/BOARDING SCHOOL SERVICING GRADES 6 THROUGH 12. THERE ARE APPROXIMATELY 540 STUDENTS.Expenses $30,579,301 · grants $8,839,041 · revenue $33,915,402
What it must file and when
IRS records say it files Not required (religious organization). Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 21-0635004
- 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
- 2026
- Accounting year ends
- June
- Files
- Not required (religious organization)
- Assets (IRS master file)
- $101,820,507
- Income (IRS master file)
- $47,714,931
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $41,880,324 | $41,087,564 | $101,820,507 | IRS |
| 990-T | June 2025 | – | – | – | IRS |
| 990 | June 2024 | $37,841,960 | $38,690,093 | $95,641,589 | IRS |
| 990-T | June 2024 | – | – | – | IRS |
| 990 | June 2023 | $37,975,879 | $36,919,688 | $92,354,430 | XML |
| 990-T | June 2023 | – | – | – | IRS |
| 990 | June 2022 | $40,875,880 | $34,213,221 | $90,118,133 | IRS |
| 990-T | June 2022 | – | – | – | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990-T | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 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 (search EIN 21-0635004).
Questions about THE PENNINGTON SCHOOL
- What is the EIN of THE PENNINGTON SCHOOL?
- The employer identification number (EIN) of THE PENNINGTON SCHOOL is 21-0635004.
- Is THE PENNINGTON SCHOOL tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2026.
- Are donations to THE PENNINGTON SCHOOL tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does THE PENNINGTON SCHOOL file?
- Form Not required (religious organization).
- When is the next return of THE PENNINGTON SCHOOL due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did THE PENNINGTON SCHOOL last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of THE PENNINGTON SCHOOL?
- The 990 for the year ended June 30, 2025 names Daniel Baverstock.
- Who are the officers and directors of THE PENNINGTON SCHOOL?
- The 990 for the year ended June 30, 2025 lists 45 people; 8 received compensation from the organization, the highest $544,685 (William Stevenson Hawkey, Head of School).
- How much revenue does THE PENNINGTON SCHOOL have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $41,880,324, expenses of $41,087,564 and total assets of $101,820,507 at year end.
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