Nonprofit · EIN 59-0873834
PALM BEACH DAY ACADEMY INC
Tax-exempt · PALM BEACH, FL 33480
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $28,341,473 | $23,375,923 | $4,965,550 | $87,069,654 | $16,735,847 | $70,333,807 |
| June 30, 2024 | 990 | $25,750,239 | $21,600,542 | $4,149,697 | $79,054,976 | $16,670,885 | $62,384,091 |
| June 30, 2023 | 990 | $32,020,845 | $19,695,806 | $12,325,039 | $72,574,153 | $16,188,797 | $56,385,356 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $4,821,261
- Program service revenue
- $22,202,531
- Investment income
- $1,201,569
- Net rental income
- $500
- Net gain from sales of assets
- -$39,717
- Net income from fundraising events
- -$85,428
- Other revenue
- $116,112
Expenses
- Grants and similar amounts paid
- $2,562,535
- Compensation of officers, directors and key employees
- $1,022,850
- Other salaries and wages
- $9,801,998
- Salaries, compensation and benefits (total)
- $13,387,820
- Professional fundraising fees
- $0
- Legal fees
- $23,372
- Accounting fees
- $50,981
- Occupancy
- $1,182,418
- Depreciation
- $1,430,027
- Program services (functional)
- $16,508,443
- Management and general (functional)
- $6,173,502
- Fundraising (functional)
- $693,978
Balance sheet and other
- Total assets, start of year
- $79,054,976
- Total assets, end of year
- $87,069,654
- Total liabilities, end of year
- $16,735,847
- Net assets, end of year
- $70,333,807
- Land, buildings and equipment
- $37,788,525
- Publicly traded securities
- $33,646,934
- Net assets without donor restrictions
- $67,748,472
- Net assets with donor restrictions
- $2,585,335
- Gross receipts
- $32,942,061
- Employees
- 171
- Volunteers
- 50
- Year formed
- 1975
- State of legal domicile
- FL
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 |
|---|---|---|---|---|
| FANNING HEARON | HEAD OF SCHOOL Key employee | 50 | $513,204 | $62,499 |
| MICHAEL J MURPHY | CHIEF FINANCE & OPERATING Officer | 50 | $214,951 | $24,353 |
| MARTHA BJORKLUND | HEAD OF LOWER SCHOOL Highest-paid employee | 50 | $120,489 | $23,590 |
| SHANA DUTKEWYCH | HEAD OF UPPER SCHOOL Highest-paid employee | 50 | $122,964 | $18,562 |
| CHRISTOPHER VECELLIO | PRESIDENT Trustee or director, Officer | 5 | $0 | $0 |
| VIRGINIA GALLIGAN | CO-VICE PRESIDENT Trustee or director, Officer | 5 | $0 | $0 |
| CHRISTINA MACFARLAND | CO-VICE PRESIDENT Trustee or director, Officer | 5 | $0 | $0 |
| BENJAMIN GRISWOLD | TREASURER Trustee or director, Officer | 5 | $0 | $0 |
| JULIANA GENDELMAN | SECRETARY Trustee or director, Officer | 5 | $0 | $0 |
| NICOLE ATKINSON | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| MARGARET BETTEN | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| MAURA ZISKA CHRISTU | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| LAUREN KENNY | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| ANDREA KOSOY | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| ALLYSON MASHEK | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
7 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MARLEY OVERMAN | BOARD MEMBER Trustee or director | 1 | $0 |
| BRIAN PFEIFLER | BOARD MEMBER Trustee or director | 1 | $0 |
| CAROLINE RAFFERTY | BOARD MEMBER Trustee or director | 1 | $0 |
| TODD SAVAGE | BOARD MEMBER Trustee or director | 1 | $0 |
| ERIK WALDIN | BOARD MEMBER Trustee or director | 1 | $0 |
| ROGER WEBB | BOARD MEMBER Trustee or director | 1 | $0 |
| WILL MATTHEWS | LIFE TRUSTEE Trustee or director | 1 | $0 |
990 for the year ended June 30, 2024: 21 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| FANNING HEARON | HEAD OF SCHOOL Key employee | 50 | $500,682 | $65,700 |
| MICHAEL J MURPHY | CHIEF FINANCE & OPERATING OFFICER Officer | 50 | $208,405 | $32,093 |
| SHANA DUTKEWYCH | HEAD OF UPPER SCHOOL Highest-paid employee | 50 | $118,303 | $16,549 |
| MARTHA BJORKLUND | HEAD OF LOWER SCHOOL Highest-paid employee | 50 | $108,209 | $21,370 |
| CHRISTOPHER VECELLIO | PRESIDENT Trustee or director, Officer | 5 | $0 | $0 |
| BEN ALEXANDER | VICE PRESIDENT Trustee or director, Officer | 5 | $0 | $0 |
| BENJAMIN GRISWOLD | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| JULIANA GENDELMAN | SECRETARY Trustee or director, Officer | 5 | $0 | $0 |
| MARGARET BETTEN | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| CAROLINE FORREST | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| VIRGINIA GALLIGAN | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| LAUREN KENNY | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| ANDREA KOSOY | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| CHRISTINA MACFARLAND | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| GRANT MASHEK | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| BRIAN PFEIFLER | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| CAROLINE RAFFERTY | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| TODD SAVAGE | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| ERIK WALDIN | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| MAURA ZISKA CHRISTU | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| WILL MATTHEWS | LIFE TRUSTEE Trustee or director | 1 | $0 | $0 |
990 for the year ended June 30, 2023: 19 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| FANNING HEARON | HEAD OF SCHOOL Key employee | 50 | $478,315 | $54,238 |
| MICHAEL J MURPHY | CHIEF FINANCE AND OPERATING OFFICER Officer | 50 | $129,543 | $12,542 |
| MARTHA BJORKLUND | HEAD OF LOWER SCHOOL Highest-paid employee | 50 | $105,013 | $19,829 |
| MEGHAN MONTEIRO | DIRECTOR OF PHILANTHROPHY Highest-paid employee | 50 | $101,587 | $15,847 |
| GRANT MASHEK | PRESIDENT Trustee or director, Officer | 5 | $0 | $0 |
| BEN ALEXANDER | VICE PRESIDENT Trustee or director, Officer | 5 | $0 | $0 |
| CHRISTOPHER VECELLIO | TREASURER Trustee or director, Officer | 5 | $0 | $0 |
| JULIANA GENDELMAN | SECRETARY Trustee or director, Officer | 5 | $0 | $0 |
| MARGARET BETTEN | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| MAURA ZISKA CHRISTU | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| CAROLINE FORREST | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| VIRGINIA GALLIGAN | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| BENJI GRISWOLD | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| ANDREA KOSOY | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| CHRISTINA MACFARLAND | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| BRIAN PFEIFLER | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| CAROLINE RAFFERTY | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| TODD SAVAGE | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| WILL MATTHEWS | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 241 SEAVIEW AVE, PALM BEACH, FL 33480-4234
- In care of
- % PALM
- Principal officer (990 for 2024)
- MICHAEL J MURPHY, 241 SEAVIEW AVENUE, PALM BEACH, FL 33480
- Signed the 990
- MICHAEL J MURPHY, CHIEF FINANCE AND OPERATING OFFICER
- Phone
- (561) 655-1188
- Website
- WWW.PBDAY.ORG
- Return prepared by
- TEMPLETON & COMPANY LLP
Mission
THE FOUNDATION OF THE PALM BEACH DAY ACADEMY'S PROGRAM IS THE EDUCATION OF OUR STUDENTS IN AN ACADEMICALLY CHALLENGING AND COMPASSION RICH ENVIRONMENT THAT GUIDES EACH CHILD TOWARD PERSONAL EXCELLENCE OF MIND, BODY AND CHARACTER.
Program accomplishments
- INSTRUCTION-ACCREDITED CLASSROOM INSTRUCTION FOR APPROX. 593 STUDENTS IN PRE-K THROUGH EIGHTH GRADE.Expenses $15,544,052 · grants $2,562,535 · revenue $20,599,120
- STUDENT ACTIVITIES-ATHLETICS, ART, DRAMATICS, LABORATORY, TYPING, CULTURAL EVENTS AND TRIPS FOR APPROX. 593 STUDENTS ENROLLED IN PRE-K THROUGH EIGHTH GRADE.Expenses $363,904 · revenue $260,165
- AUXILIARY SERVICES-BUS TRANSPORTATION, TEXTBOOKS, LUNCH & JUICE PROGRAMS PROVIDED TO APPROX. 593 STUDENTS ENROLLED IN PRE-K THROUGH EIGHTH GRADE.Expenses $600,487 · revenue $1,544,786
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
- 59-0873834
- 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
- 1940
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B24Z)
- Assets (IRS master file)
- $87,069,654
- Income (IRS master file)
- $32,942,061
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $28,341,473 | $23,375,923 | $87,069,654 | XML |
| 990 | June 2024 | $25,750,239 | $21,600,542 | $79,054,976 | XML |
| 990 | June 2023 | $32,020,845 | $19,695,806 | $72,574,153 | XML |
| 990 | June 2022 | $42,364,532 | $18,462,501 | $59,588,306 | 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 59-0873834).
Questions about PALM BEACH DAY ACADEMY INC
- What is the EIN of PALM BEACH DAY ACADEMY INC?
- The employer identification number (EIN) of PALM BEACH DAY ACADEMY INC is 59-0873834.
- Is PALM BEACH DAY ACADEMY INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1940.
- Are donations to PALM BEACH DAY ACADEMY INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does PALM BEACH DAY ACADEMY 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 PALM BEACH DAY ACADEMY INC 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 PALM BEACH DAY ACADEMY INC 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 PALM BEACH DAY ACADEMY INC?
- The 990 for the year ended June 30, 2025 names MICHAEL J MURPHY.
- Who are the officers and directors of PALM BEACH DAY ACADEMY INC?
- The 990 for the year ended June 30, 2025 lists 22 people; 4 received compensation from the organization, the highest $513,204 (FANNING HEARON, HEAD OF SCHOOL).
- How much revenue does PALM BEACH DAY ACADEMY INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $28,341,473, expenses of $23,375,923 and total assets of $87,069,654 at year end.
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