FAR HILLS COUNTRY DAY SCHOOL

EIN: 221489901 501(c)(3) Education

FAR HILLS, NJ

Total Revenue
$11,430,559
Total Expenses
$12,832,950
Total Assets
$47,666,822
Net Assets
$40,898,118
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1929
Legal Domicile
NJ
Principal Officer
GEORGIA ZAISER
Phone
9087660622
Tax Period
2023-07-01 to 2024-06-30

FAR HILLS COUNTRY DAY SCHOOL, founded in 1929, is a mid-sized nonprofit in the Education sector that reported $11.4M in total revenue in fiscal year 2023. Revenue decreased 13% compared to the prior year. Expenses of $12.8M exceeded revenue, resulting in a 12% operating deficit.

Mission

THROUGH ACADEMIC EXCELLENCE AND CHARACTER DEVELOPMENT, FAR HILLS COUNTRY DAY SCHOOL PROVIDES EACH CHILD BRILLIANT BEGINNINGS FOR SUCCESS IN THE MODERN WORLD.

Program Service Accomplishments

Program 1
Expenses: $9,504,388 Revenue: $9,543,637

FAR HILLS COUNTRY DAY SCHOOL CHALLENGES STUDENTS TO THINK INDEPENDENTLY AND ACHIEVE CONFIDENTLY. THE SCHOOL'S SHARED GROWTH MINDSET CONTRIBUTES TO ITS EXPERIENTIAL, STUDENT-CENTERED APPROACH TO...

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FAR HILLS COUNTRY DAY SCHOOL CHALLENGES STUDENTS TO THINK INDEPENDENTLY AND ACHIEVE CONFIDENTLY. THE SCHOOL'S SHARED GROWTH MINDSET CONTRIBUTES TO ITS EXPERIENTIAL, STUDENT-CENTERED APPROACH TO LEARNING, ITS WELCOMING COMMUNITY OF FAMILIES, AND ITS FOCUS ON DEVELOPING INDIVIDUAL STRENGTHS. AT FAR HILLS, STUDENTS ARE EMPOWERED TO GROW INWARD, OUTWARD, AND UPWARD AND GRADUATE PREPARED TO LEAD AT THE COUNTRY'S MOST COMPETITIVE SECONDARY SCHOOLS. THE ACADEMIC JOURNEY STARTS IN PRESCHOOL AND CONTINUES THROUGH GRADE 8. STUDENTS EXPLORE AND STUDY A VARIETY OF SUBJECTS, INCLUDING MATH, SCIENCE, LANGUAGE ARTS, STEAM, ART, SOCIAL STUDIES, AND HISTORY, AND MORE.THE SCHOOL PROVIDED 239 ENROLLED STUDENTS WITH EDUCATIONAL SERVICES, PROGRAMMING, AND OTHER STUDENT-CENTERED OFFERINGS DURING FY2024. THE SCHOOL ALSO PROVIDED 239 ENROLLED STUDENTS WITH HEALTHY MEALS AND SNACKS, AS PART OF THE PROGRAM DURING FY2024.OTHER ACCOMPLISHMENTS AND HIGHLIGHTS INCLUDE OUR SIGNATURE ADVENTURE TRIPS FOR GRADES 5-8 AND CAPSTONE PROJECTS WHICH INCLUDE PRESENTATIONS IN THE FORM OF EXPO'S WHERE THE ENTIRE SCHOOL AND PARENT BODIES CAN VIEW THE WORK OF THE STUDENTS.

Program 2
Expenses: $71,066 Revenue: $78,616

MUSIC CONSERVATORYTHE SCHOOL OFFERS A MUSIC PROGRAM AVAILABLE TO ALL ENROLLED STUDENTS WITH AN AVERAGE OF 45 REGISTERED FOR MUSIC LESSONS IN THE FALL AND SPRING.

Program 3
Expenses: $36,675 Revenue: $51,602

OTHER AUXILIARY SERVICES AFTER SCHOOL CARE, ENRICHMENT WORKSHOPS, HOMEWORK CLUB, SUMMER PROGRAMS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $1,296,942
Program Service Revenue $9,674,141
Investment Income $156,836
Other Revenue $302,640
TOTAL REVENUE $11,430,559

Expense Breakdown

Grants Paid $1,425,916
Salaries & Benefits $6,707,904
Fundraising Expenses $801,520
Program Expenses $9,612,129
Other Expenses $4,699,130
TOTAL EXPENSES $12,832,950

Year-over-Year Comparison

2023 2022 Change
Revenue $11,430,559 $13,130,127 -0.1%
Expenses $12,832,950 $13,582,565 -0.1%
Net Income $-1,402,391 $-452,438 +2.1%
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
16
Independent Members
14
Employees
114
Volunteers
97

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
6
$583,365
Total Directors
16
$388,902
Key Employees
1
$174,430
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
GEORGIA ZAISER HEAD OF SCHOOL 60.00
Officer Director
$304,565 $84,337 $388,902
JOE FERRARO CHAIR 10.00
Officer Director
$0 $0 $0
COLLEEN MCCLOSKEY VICE-CHAIR 4.00
Officer Director
$0 $0 $0
DIANE CALELLO SECRETARY 3.00
Officer Director
$0 $0 $0
MICHAEL VOLLERO TREASURER 1.00
Officer Director
$0 $0 $0
RICH ANTONECK TRUSTEE 2.00
Director
$0 $0 $0
ROHAN ARJUN TRUSTEE 2.00
Director
$0 $0 $0
STEPHANIE GLICKMAN TRUSTEE 3.00
Director
$0 $0 $0
CRAIG HALL TRUSTEE 1.00
Director
$0 $0 $0
DR TIM ISGRO TRUSTEE 4.00
Director
$0 $0 $0
PRISCILLA MILLER TRUSTEE 2.00
Director
$0 $0 $0
LIZ MORRISON TRUSTEE 2.00
Director
$0 $0 $0
YVONNE PREVIDI TRUSTEE 3.00
Director
$0 $0 $0
LAURA VAN ROOYEN TRUSTEE 2.00
Director
$0 $0 $0
ENZO VARTULI TRUSTEE 2.00
Director
$0 $0 $0
CLAYTON WALTON TRUSTEE 1.00
Director
$0 $0 $0
LORI A FITZGIBBON CFO 50.00
Officer
$173,550 $20,913 $194,463
PATRICIA BARRY DIRECTOR OF LOWER SCHOOL 50.00
Key Emp
$154,606 $19,824 $174,430
LINDA CORCORAN DIR. ENGAGEMENT & PHILANTHROPY 50.00
Highest
$124,707 $32,638 $157,345
EDWARD J THOMPSON DIR. PLACEMENT AND OPERATIONS 50.00
Highest
$119,027 $14,006 $133,033
RONALD M SANSONE DIRECTOR OF ATHLETICS 50.00
Highest
$109,631 $27,497 $137,128
EMILY SEELAUS DIRECTOR OF UPPER SCHOOL 50.00
Highest
$104,997 $3,913 $108,910
OLIVER FORSYTHE DIRECTOR OF TECHNOLOGY 50.00
Highest
$103,537 $12,795 $116,332
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 No data No data No data No data
2024 $11,430,559 $12,832,950 $47,666,822 $-1,402,391
2023 $13,130,127 $13,582,565 $48,123,885 $-452,438
2022 $13,370,926 $13,255,000 $48,085,636 $115,926
2021 $17,042,162 $13,154,718 $49,672,339 $3,887,444
2020 $15,482,155 $12,853,062 $46,698,744 $2,629,093
2019 $12,490,902 $13,006,986 $42,789,183 $-516,084
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