Nonprofit · EIN 22-1607926
RUTGERS PREPARATORY SCHOOL
Tax-exempt · SOMERSET, NJ 08873
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $34,905,286 | $32,550,660 | $2,354,626 | $72,781,680 | $9,477,025 | $63,304,655 |
| June 30, 2024 | 990 | $33,963,123 | $31,091,315 | $2,871,808 | $67,708,190 | $9,116,422 | $58,591,768 |
| June 30, 2023 | 990 | $33,462,817 | $29,741,148 | $3,721,669 | $62,037,788 | $8,840,201 | $53,197,587 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $762,690
- Program service revenue
- $31,927,577
- Investment income
- $1,769,045
- Net rental income
- $187,708
- Net gain from sales of assets
- $821
- Net income from sales of inventory
- $28,186
- Other revenue
- $445,974
Expenses
- Grants and similar amounts paid
- $6,185,156
- Compensation of officers, directors and key employees
- $865,602
- Other salaries and wages
- $15,044,293
- Salaries, compensation and benefits (total)
- $20,015,847
- Professional fundraising fees
- $38,500
- Legal fees
- $15,753
- Accounting fees
- $83,955
- Occupancy
- $773,829
- Travel
- $14,976
- Depreciation
- $1,180,731
- Program services (functional)
- $26,845,564
- Management and general (functional)
- $4,793,696
- Fundraising (functional)
- $911,400
Balance sheet and other
- Total assets, start of year
- $67,708,190
- Total assets, end of year
- $72,781,680
- Total liabilities, end of year
- $9,477,025
- Net assets, end of year
- $63,304,655
- Land, buildings and equipment
- $15,114,944
- Publicly traded securities
- $34,571,268
- Net assets without donor restrictions
- $55,595,111
- Net assets with donor restrictions
- $7,709,544
- Gross receipts
- $37,363,861
- Employees
- 320
- Volunteers
- 17
- Year formed
- 1766
- 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 |
|---|---|---|---|---|
| STEVEN LOY | HEAD OF SCHOOL Officer | 50 | $547,566 | $61,629 |
| PETER RICHARDSON | DIRECTOR OF CAMPUS OPERATIONS Highest-paid employee | 50 | $209,004 | $56,025 |
| ROBERT APGAR | CHIEF OPERATING OFFICER Officer | 50 | $245,791 | $11,674 |
| PATRIA LEROY | DIR. OF ENROLLMENT & FINANCIAL Highest-paid employee | 50 | $176,033 | $67,406 |
| TODD RUTMAN | DIRECTOR OF FINANCE Highest-paid employee | 50 | $182,176 | $49,678 |
| JOE CHODL | UPPER SCHOOL PRINCIPAL Highest-paid employee | 50 | $171,809 | $43,921 |
| SUSAN GANTZ | DIRECTOR OF ADVANCEMENT Highest-paid employee | 50 | $167,830 | $22,698 |
| ANA AYMES | PRESIDENT, TRUSTEE Trustee or director, Officer | 3 | $0 | $0 |
| ANDREW K GOLDEN | TRUSTEE Trustee or director | 1 | $0 | $0 |
| DELLA HAMMER CHERCHIA | TRUSTEE Trustee or director | 1 | $0 | $0 |
| CHRISTIAN HUSBY | TRUSTEE Trustee or director | 1 | $0 | $0 |
| PETER LAMPEN | TRUSTEE Trustee or director | 1 | $0 | $0 |
| IAN MARSHALL | SECRETARY, TRUSTEE Trustee or director, Officer | 2 | $0 | $0 |
| DANIELLE PIERRE | TRUSTEE Trustee or director | 1 | $0 | $0 |
| NIK RAO | TRUSTEE Trustee or director | 1 | $0 | $0 |
9 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| AAMIR REHMAN | TRUSTEE Trustee or director | 1 | $0 |
| GEORGES RICHA | VICE PRESIDENT, TRUSTEE Trustee or director, Officer | 2 | $0 |
| BOBBY ROY | TRUSTEE Trustee or director | 1 | $0 |
| MARK SHERMAN | TRUSTEE Trustee or director | 1 | $0 |
| GERALD TAMBURRO | TREASURER, TRUSTEE Trustee or director, Officer | 2 | $0 |
| KATHLEEN TOOMEY | TRUSTEE Trustee or director | 1 | $0 |
| BRUCE WILLIAMS | TRUSTEE Trustee or director | 1 | $0 |
| JOY ZHAO | TRUSTEE Trustee or director | 1 | $0 |
| AMY ZIEBARTH | TRUSTEE Trustee or director | 1 | $0 |
990 for the year ended June 30, 2024: 25 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| STEVEN A LOY | HEAD OF SCHOOL Officer | 50 | $535,041 | $55,557 |
| PETER RICHARDSON | DIRECTOR OF CAMPUS OPERATIONS Highest-paid employee | 50 | $199,063 | $52,261 |
| ROBERT APGAR | CHIEF OPERATING OFFICER Officer | 50 | $236,591 | $10,864 |
| PATRIA LEROY | DIR. OF ENROLLMENT & FINANCIAL Highest-paid employee | 50 | $166,249 | $63,792 |
| TODD RUTMAN | DIRECTOR OF FINANCE Highest-paid employee | 50 | $176,387 | $45,137 |
| JOE CHODL | UPPER SCHOOL PRINCIPAL Highest-paid employee | 50 | $160,367 | $49,371 |
| CAROLE GLANTZOW ZBORAY | MIDDLE SCHOOL SCIENCE DEPARTMENT CHAIR Highest-paid employee | 40 | $151,939 | $47,535 |
| ANA AYMES | PRESIDENT, TRUSTEE Trustee or director, Officer | 3 | $0 | $0 |
| ANDREW K GOLDEN | TRUSTEE Trustee or director | 1 | $0 | $0 |
| DELLA HAMMER CHERCHIA | TRUSTEE Trustee or director | 1 | $0 | $0 |
| CHRISTIAN HUSBY | TRUSTEE Trustee or director | 1 | $0 | $0 |
| PETER LAMPEN | TRUSTEE Trustee or director | 1 | $0 | $0 |
| IAN MARSHALL | SECRETARY, TRUSTEE Trustee or director, Officer | 2 | $0 | $0 |
| DANIELLE PIERRE | TRUSTEE (AS OF 7/1/2023) Trustee or director | 1 | $0 | $0 |
| NIK RAO | TRUSTEE Trustee or director | 1 | $0 | $0 |
| AAMIR REHMAN | TRUSTEE Trustee or director | 1 | $0 | $0 |
| ERNEST RENDA | TRUSTEE Trustee or director | 1 | $0 | $0 |
| GEORGES RICHA | VICE PRESIDENT, TRUSTEE Trustee or director, Officer | 2 | $0 | $0 |
| BOBBY ROY | TRUSTEE (AS OF 7/1/2023) Trustee or director | 1 | $0 | $0 |
| MARK SHERMAN | TRUSTEE Trustee or director | 1 | $0 | $0 |
| GERALD TAMBURRO | TREASURER, TRUSTEE Trustee or director, Officer | 2 | $0 | $0 |
| KATHLEEN TOOMEY | TRUSTEE Trustee or director | 1 | $0 | $0 |
| BRUCE WILLIAMS | TRUSTEE Trustee or director | 1 | $0 | $0 |
| JOY ZHAO | TRUSTEE Trustee or director | 1 | $0 | $0 |
| AMY ZIEBARTH | TRUSTEE Trustee or director | 1 | $0 | $0 |
990 for the year ended June 30, 2023: 26 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| STEVEN A LOY | HEAD OF SCHOOL Officer | 50 | $646,174 | $54,544 |
| PETER RICHARDSON | DIRECTOR OF CAMPUS OPERATIONS Highest-paid employee | 50 | $205,227 | $42,345 |
| KEVIN MERGES | DIR. OF INNOVATION CENTER Highest-paid employee | 50 | $185,269 | $57,719 |
| ROBERT APGAR | CHIEF OPERATING OFFICER Officer | 50 | $230,596 | $11,393 |
| PATRIA LEROY | DIR. OF ENROLLMENT & FINANCIAL Highest-paid employee | 50 | $163,223 | $60,633 |
| TODD RUTMAN | DIRECTOR OF FINANCE Highest-paid employee | 50 | $172,711 | $42,786 |
| JOE CHODL | UPPER SCHOOL PRINCIPAL Highest-paid employee | 50 | $156,992 | $48,207 |
| KATE ANDERSEN-SHEFT | SECRETARY, TRUSTEE (UNTIL 5/18/23) Trustee or director, Officer | 2 | $0 | $0 |
| ANA AYMES | TRUSTEE Trustee or director | 1 | $0 | $0 |
| ANDREW K GOLDEN | TRUSTEE Trustee or director | 1 | $0 | $0 |
| DELLA HAMMER CHERCHIA | TRUSTEE Trustee or director | 1 | $0 | $0 |
| CHRISTIAN HUSBY | TRUSTEE Trustee or director | 1 | $0 | $0 |
| IAN MARSHALL | TRUSTEE Trustee or director | 1 | $0 | $0 |
| HENRY RAMALLO | TRUSTEE Trustee or director | 1 | $0 | $0 |
| ERNEST RENDA | PRESIDENT, TRUSTEE Trustee or director, Officer | 3 | $0 | $0 |
| GEORGES RICHA | VICE PRESIDENT, TRUSTEE Trustee or director, Officer | 2 | $0 | $0 |
| MARK SHERMAN | TRUSTEE Trustee or director | 1 | $0 | $0 |
| GERALD TAMBURRO | TREASURER, TRUSTEE Trustee or director, Officer | 2 | $0 | $0 |
| KATHLEEN TOOMEY | TRUSTEE Trustee or director | 1 | $0 | $0 |
| BRUCE WILLIAMS | TRUSTEE Trustee or director | 1 | $0 | $0 |
| CHRISTOPHER YORLANO | TRUSTEE Trustee or director | 1 | $0 | $0 |
| JOY ZHAO | TRUSTEE Trustee or director | 1 | $0 | $0 |
| AMY ZIEBARTH | TRUSTEE Trustee or director | 1 | $0 | $0 |
| AAMIR REHMAN | TRUSTEE (BEGAN 7/1/22) Trustee or director | 1 | $0 | $0 |
| PETER LAMPEN | TRUSTEE (BEGAN 7/1/22) Trustee or director | 1 | $0 | $0 |
| NIK RAO | TRUSTEE (BEGAN 7/1/22) Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1345 EASTON AVE, SOMERSET, NJ 08873-1412
- In care of
- % ROBERT APGAR
- Principal officer (990 for 2024)
- STEVEN A LOY, 1345 EASTON AVENUE, SOMERSET, NJ 088731499
- Signed the 990
- GERALD TAMBURRO, TREASURER
- Phone
- (732) 545-5600
- Website
- WWW.RUTGERSPREP.ORG
- Return prepared by
- KPMG LLP
Mission
THROUGH EXCELLENCE IN EDUCATION, WE INSPIRE STUDENTS TO DISCOVER AND PURSUE THEIR PASSIONS, EMBRACE INTELLECTUAL CURIOSITY AND CREATIVITY, AND LEAD WITH CONFIDENCE.
Program accomplishments
- EDUCATION & INSTRUCTION: EDUCATION AND INSTRUCTION FOR APPROXIMATELY 702 STUDENTS IN GRADES PRE-KINDERGARTEN THROUGH GRADE 12 SERVING SOMERSET COUNTY AND ADJACENT COMMUNITIES.Expenses $22,570,855 · grants $6,185,156 · revenue $30,059,636
- STUDENT SERVICES - ACTIVITIES (INCLUDING ATHLETICS, STUDENT PUBLICATIONS, DRAMA, CLUBS ETC.)Expenses $2,125,032 · revenue $797,795
- AUXILIARY ENTERPRISES (INCLUDING SCHOOL STORE, CAFETERIA, INTERNATIONAL PROGRAM, SUMMER CAMPS, AFTER SCHOOL PROGRAMS, GRADUATION).Expenses $2,149,677 · revenue $1,328,412
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 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
- 22-1607926
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- School
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B200)
- Assets (IRS master file)
- $72,781,680
- Income (IRS master file)
- $37,363,861
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $34,905,286 | $32,550,660 | $72,781,680 | IRS |
| 990 | June 2024 | $33,963,123 | $31,091,315 | $67,708,190 | IRS |
| 990 | June 2023 | $33,462,817 | $29,741,148 | $62,037,788 | XML |
| 990 | June 2022 | $30,642,354 | $27,921,939 | $57,499,480 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | 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 22-1607926).
Questions about RUTGERS PREPARATORY SCHOOL
- What is the EIN of RUTGERS PREPARATORY SCHOOL?
- The employer identification number (EIN) of RUTGERS PREPARATORY SCHOOL is 22-1607926.
- Is RUTGERS PREPARATORY SCHOOL tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3).
- Are donations to RUTGERS PREPARATORY SCHOOL tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does RUTGERS PREPARATORY SCHOOL 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 RUTGERS PREPARATORY 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 RUTGERS PREPARATORY 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 RUTGERS PREPARATORY SCHOOL?
- The 990 for the year ended June 30, 2025 names STEVEN A LOY.
- Who are the officers and directors of RUTGERS PREPARATORY SCHOOL?
- The 990 for the year ended June 30, 2025 lists 24 people; 7 received compensation from the organization, the highest $547,566 (STEVEN LOY, HEAD OF SCHOOL).
- How much revenue does RUTGERS PREPARATORY SCHOOL have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $34,905,286, expenses of $32,550,660 and total assets of $72,781,680 at year end.
Other nonprofits in SOMERSET
- CENTRAL JERSEY COLLEGE PREPARATORY CHARTER SCHOOL EIN 20-4477065 · last filed 990 for 2025
- THOMAS EDISON ENERGY-SMART CHARTER SCHOOL EIN 27-4502163 · last filed 990 for 2025
- THE CENTER SCHOOL EIN 22-1933177 · last filed 990 for 2025
- FRANKLIN TOWNSHIP PUBLIC LIBRARY ASSOCIATION EIN 22-6017811 · last filed 990 for 2025
- NJIEC EDUCATION AND TRAINING CENTER EIN 87-4564462 · last filed 990 for 2024
- SADIQ SCHOOL INC EIN 82-3398495 · last filed 990 for 2025
- APPRENTICESHIP EDUCATION AND TRAINING FUND INC EIN 84-4631510 · last filed 990 for 2024
- ELIZABETH AVENUE VOLUNTEER FIRE COMPANY EIN 22-3151753 · last filed 990 for 2025