PARK SCHOOL CORPORATION

EIN: 042104824 501(c)(3) Education

BROOKLINE, MA

Total Revenue
$36,448,198
Total Expenses
$38,898,633
Total Assets
$127,211,246
Net Assets
$80,865,291
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Financial Trends

Organization Details

Formation Year
1923
Legal Domicile
MA
Principal Officer
SCOTT YOUNG
Phone
6172772456
Tax Period
2024-07-01 to 2025-06-30

PARK SCHOOL CORPORATION, founded in 1923, is a mid-sized nonprofit in the Education sector that reported $36.4M in total revenue in fiscal year 2024. Net assets of $80.9M represent 27 months of operating reserves.

Mission

THE PARK SCHOOL IS DEDICATED TO EXCELLENCE IN EDUCATION. THE CORNERSTONE OF PARK'S PROGRAM IS ACADEMIC EXCELLENCE, COMBINING BOTH HIGH STANDARDS OF SCHOLARSHIP AND THE ENCOURAGEMENT OF EACH CHILD TO DEVELOP TO HIS OR HER GREATEST POTENTIAL. OUR SCHOOL COMMUNITY FOSTERS A NURTURING ENVIRONMENT IN WHICH CHILDREN DEVELOP CURIOSITY, EXPRESS CREATIVITY, APPRECIATE THE VALUE OF HARD WORK AND DISCIPLINE, AND EXPERIENCE THE JOY OF LEARNING. PARK'S FACULTY ENCOURAGES EACH STUDENT TO STRIVE FOR INTELLECTUAL, PHYSICAL, AND MORAL GROWTH AND TO BECOME CONTRIBUTING MEMBERS OF THE COMMUNITY. PARK IS COMMITTED TO BEING A METROPOLITAN, COEDUCATIONAL, DAY SCHOOL OF DIVERSE RACES, RELIGIONS, CULTURES, AND BACKGROUNDS. CENTRAL TO ITS MISSION IS AN APPRECIATION OF SIMILARITIES AND DIFFERENCES OF PERSPECTIVE AND THE INTERDEPENDENCE OF ALL PEOPLE. AS A FAMILY SCHOOL, PARK IS A COMMUNITY IN WHICH THE DIGNITY OF EACH CHILD, TEACHER, AND PARENT IS RESPECTED.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $4,165,000
Program Service Revenue $31,780,095
Investment Income $390,499
Other Revenue $112,604
TOTAL REVENUE $36,448,198

Expense Breakdown

Grants Paid $5,729,475
Salaries & Benefits $21,095,493
Fundraising Expenses $1,353,799
Program Expenses $28,676,157
Other Expenses $11,981,706
TOTAL EXPENSES $38,898,633

Year-over-Year Comparison

2024 2023 Change
Revenue $36,448,198 $34,080,235 +0.1%
Expenses $38,898,633 $37,902,441 +0.0%
Net Income $-2,450,435 $-3,822,206 -0.4%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
23
Independent Members
23
Employees
400
Volunteers
150

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
5
$628,193
Total Directors
24
$628,193
Key Employees
2
$490,367
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SCOTT YOUNG HEAD OF SCHOOL 40.00
Officer Director
$552,390 $75,803 $628,193
LESLEY RYAN MILLER BOARD CHAIR 5.00
Officer Director
$0 $0 $0
GREG WOODS VICE CHAIR 5.00
Officer Director
$0 $0 $0
RAHUL BALLAL SECRETARY 5.00
Officer Director
$0 $0 $0
SARA FLEISS TREASURER 5.00
Officer Director
$0 $0 $0
KENT BENNETT TRUSTEE 3.50
Director
$0 $0 $0
LISE CHARLIER TRUSTEE 3.50
Director
$0 $0 $0
NICOLE DANFORTH TRUSTEE 3.50
Director
$0 $0 $0
MAY HARA TRUSTEE 3.50
Director
$0 $0 $0
TED NOON TRUSTEE 3.50
Director
$0 $0 $0
FEMI OBI TRUSTEE 3.50
Director
$0 $0 $0
RICHARD QUINCY TRUSTEE 3.50
Director
$0 $0 $0
ANNA SINAIKO TRUSTEE 3.50
Director
$0 $0 $0
AMANDA TEO TRUSTEE 3.50
Director
$0 $0 $0
SUSANNA WHITAKER WATERS TRUSTEE 3.50
Director
$0 $0 $0
DARREN ABRAHAMSON TRUSTEE 3.50
Director
$0 $0 $0
CELINA BARRIOS MILLNER TRUSTEE 3.50
Director
$0 $0 $0
JAMES BENENSON TRUSTEE 3.50
Director
$0 $0 $0
KELLY CAIAZZO TRUSTEE 3.50
Director
$0 $0 $0
JULIA LLOYD JOHANNSEN TRUSTEE 3.50
Director
$0 $0 $0
SEAN ABDUR RAHIM TRUSTEE 3.50
Director
$0 $0 $0
IVY ALPHONSE-CREAN TRUSTEE (AS OF 9/24) 3.50
Director
$0 $0 $0
NADIA FENTON-RAHIM TRUSTEE (AS OF 9/24) 3.50
Director
$0 $0 $0
SARA OFOSU-AMAAH TRUSTEE (AS OF 9/24) 3.50
Director
$0 $0 $0
KIMBERLY BOYD ASST HEAD OF SCHOOL-FINANCE AND OPS 40.00
Key Emp
$228,515 $37,699 $266,214
KENNETH ROGERS ASST HEAD OF SCHOOL-PROGRAM AND INS 40.00
Key Emp
$178,712 $45,441 $224,153
JOSEPH LEPORE DIR. OF FACILITIES AND CONSTRUCTION 40.00
Highest
$145,797 $44,995 $190,792
TAYLA BURKE CONTROLLER 40.00
Highest
$147,559 $40,971 $188,530
SHANNON O'LEARY DIRECTOR OF DEVELOPMENT 40.00
Highest
$160,918 $20,538 $181,456
CHRISTINA FOX LOWER DIVISION HEAD 40.00
Highest
$153,206 $19,998 $173,204
CAROLE CARTER DIRECTOR OF IT 40.00
Highest
$161,525 $9,924 $171,449
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $36,448,198 $38,898,633 $127,211,246 $-2,450,435
2024 $34,080,235 $37,902,441 $121,478,046 $-3,822,206
2023 $31,719,258 $34,729,713 $114,621,971 $-3,010,455
2022 $35,376,995 $34,725,795 $111,523,065 $651,200
2021 $33,906,318 $29,534,272 $111,847,022 $4,372,046
2020 $27,279,315 $29,447,583 $92,986,927 $-2,168,268
2019 $27,016,926 $29,183,670 $96,024,460 $-2,166,744
2018 $26,929,603 $28,613,349 $94,559,055 $-1,683,746
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