TOWER HILL SCHOOL ASSOCIATION

EIN: 510065745 501(c)(3) Education

WILMINGTON, DE

Total Revenue
$38,165,652
Total Expenses
$33,143,835
Total Assets
$134,541,384
Net Assets
$118,923,213
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Financial Trends

Organization Details

Formation Year
1919
Legal Domicile
DE
Principal Officer
SARAH BAKER
Phone
3026578360
Tax Period
2024-07-01 to 2025-06-30

TOWER HILL SCHOOL ASSOCIATION, founded in 1919, is a mid-sized nonprofit in the Education sector that reported $38.2M in total revenue in fiscal year 2024. Expenses of $33.1M left a modest 13% surplus.

Mission

TOWER HILL SCHOOL PREPARES STUDENTS FROM DIVERSE BACKGROUNDS FOR FULL AND CREATIVE ENGAGEMENT WITH A DYNAMIC WORLD. EACH STUDENT IS PROVIDED WITH AN EDUCATIONAL EXPERIENCE THAT EMPHASIZES THE DEVELOPMENT OF AN INQUISITIVE, DISCERNING AND CRITICAL MIND; THE VALUE OF BEING CREATIVE AND AESTHETICALLY SENSITIVE; THE APPRECIATION OF PHYSICAL WELL-BEING; THE ABILITY TO COLLABORATE AND FUNCTION AS PART OF A TEAM; AND THE GROWTH OF CHARACTER.

Program Service Accomplishments

Program 1
Expenses: $25,667,873 Revenue: $29,701,527

EDUCATIONAL PROGRAMS - TOWER HILL IS A CO-EDUCATIONAL INDEPENDENT SCHOOL WITH 867 STUDENTS FROM 3 YEARS OLD THROUGH GRADE 12 IN 2024-2025 (293 LOWER SCHOOL, 252 MIDDLE SCHOOL, 322 UPPER SCHOOL). THE...

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EDUCATIONAL PROGRAMS - TOWER HILL IS A CO-EDUCATIONAL INDEPENDENT SCHOOL WITH 867 STUDENTS FROM 3 YEARS OLD THROUGH GRADE 12 IN 2024-2025 (293 LOWER SCHOOL, 252 MIDDLE SCHOOL, 322 UPPER SCHOOL). THE SCHOOL PROVIDES AN ENRICHED AND CHALLENGING COLLEGE PREPARATORY PROGRAM IN WHICH EACH STUDENT'S ABILITIES AND TALENTS ARE RECOGNIZED AND RESPECTED. THE PROGRAM OFFERS A PERSONALIZED AND INNOVATIVE APPROACH, BUILT ON A STRONG TRADITIONAL FOUNDATION WITHIN A WELCOMING AND INCLUSIVE COMMUNITY. TOWER HILL GRADUATED 85 STUDENTS IN THE CLASS OF 2025. MEMBERS OF THIS CLASS ARE ATTENDING: AMERICAN MUSICAL AND DRAMATIC ACADEMY, AMERICAN UNIVERSITY, ARIZONA STATE UNIVERSITY, AUBURN UNIVERSITY, BOSTON COLLEGE, BROWN UNIVERSITY, BUCKNELL UNIVERSITY, CARLETON COLLEGE, COLBY COLLEGE, COLORADO COLLEGE, COLUMBIA UNIVERSITY, DESALES UNIVERSITY, DREXEL UNIVERSITY, ELON UNIVERSITY, EMORY UNIVERSITY, FLAGLER COLLEGE, FORDHAM UNIVERSITY, GEORGETOWN UNIVERSITY, HAMILTON COLLEGE, LA SALLE UNIVERSITY, MIDDLEBURY COLLEGE, NEW JERSEY INSTITUTE OF TECHNOLOGY, NEW YORK UNIVERSITY, NORTHEASTERN UNIVERSITY, PENN STATE UNIVERSITY (UNIVERSITY PARK), PRINCETON UNIVERSITY, PURDUE UNIVERSITY, RENSSELAER POLYTECHNIC INSTITUTE, SACRED HEART UNIVERSITY, SAVANNAH COLLEGE OF ART AND DESIGN, SEWANEE: THE UNIVERSITY OF THE SOUTH, SMITH COLLEGE, SWARTHMORE COLLEGE, SYRACUSE UNIVERSITY, TEXAS CHRISTIAN UNIVERSITY, THE UNIVERSITY OF TAMPA, THE UNIVERSITY OF TENNESSEE (KNOXVILLE), TUFTS UNIVERSITY, UNIVERSITY OF CALIFORNIA (LOS ANGELES), UNIVERSITY OF CALIFORNIA (SAN DIEGO), UNIVERSITY OF DELAWARE, UNIVERSITY OF MARYLAND, UNIVERSITY OF MIAMI, UNIVERSITY OF MICHIGAN, UNIVERSITY OF NORTH CAROLINA AT CHAPEL HILL, UNIVERSITY OF NOTRE DAME, UNIVERSITY OF PENNSYLVANIA, UNIVERSITY OF PITTSBURGH, UNIVERSITY OF RICHMOND, UNIVERSITY OF SOUTH FLORIDA, UNIVERSITY OF WISCONSIN (MADISON), WAKE FOREST UNIVERSITY, WASHINGTON AND LEE UNIVERSITY, AND WILLIAM & MARY.

Program 2
Expenses: $310,361 Revenue: $410,400

AFTER SCHOOL PROGRAM - THE KALEIDOSCOPE AFTER SCHOOL PROGRAM SERVES STUDENTS AGE 3 THROUGH 6 EVERY SCHOOL DAY FROM 2:45 TO 6:00PM. THIS PROGRAM PROVIDES A CONTINUATION OF THE ATTENTION AND GUIDANCE...

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AFTER SCHOOL PROGRAM - THE KALEIDOSCOPE AFTER SCHOOL PROGRAM SERVES STUDENTS AGE 3 THROUGH 6 EVERY SCHOOL DAY FROM 2:45 TO 6:00PM. THIS PROGRAM PROVIDES A CONTINUATION OF THE ATTENTION AND GUIDANCE THEY RECEIVE IN TOWER HILL'S CLASSROOMS, BUT IN A MORE HOME-LIKE SETTING. SUPERVISED HOMEWORK TIME, INSIDE PLAY, OUTDOOR SPORTS AND AGE-APPROPRIATE ACTIVITIES GIVE STUDENT THE CHANCE TO FULFILL THEIR RESPONSIBILITIES AND GIVE THEIR IMAGINATIONS A WORKOUT TOO. ENRICHMENT OFFERING INCLUDE PROGRAMS SUCH AS CHINESE, DRAMA, CHESS, SEWING, GOLF, KARATE, DANCE, SOCCER AND TENNIS, AMONG OTHERS.

Program 3
Expenses: $219,633 Revenue: $373,868

SUMMER CAMP PROGRAM -SUMMER AT TOWER HILL PROVIDES EXCITING ACADEMIC AND ENRICHMENT ACTIVITIES, PLUS A FULL RANGE OF ATHLETIC CAMPS IN DIFFERENT AGE GROUPS. DAY CAMP PROVIDES WEEKLY THEMES WITH...

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SUMMER CAMP PROGRAM -SUMMER AT TOWER HILL PROVIDES EXCITING ACADEMIC AND ENRICHMENT ACTIVITIES, PLUS A FULL RANGE OF ATHLETIC CAMPS IN DIFFERENT AGE GROUPS. DAY CAMP PROVIDES WEEKLY THEMES WITH SPECIAL GUESTS AND/OR FIELD TRIPS, SWIMMING OR WATER PLAY. ENRICHMENT CAMPS BROADEN CHILDREN'S ARTISTIC AND ACADEMIC HORIZONS IN NEW WAYS. SPORTS CAMPS ARE RUN BY TOWER HILL COACHES AND OUTSIDE PARTNER ORGANIZATIONS FOR BUDDING ATHLETES. SUMMER AT TOWER HILL ALSO INTRODUCES PROSPECTIVE STUDENT TO TOWER HILL'S EXPANSIVE FACILITIES.

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Trantor Score

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

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $4,430,830
Program Service Revenue $30,204,961
Investment Income $3,248,311
Other Revenue $281,550
TOTAL REVENUE $38,165,652

Expense Breakdown

Grants Paid $6,118,833
Salaries & Benefits $18,014,399
Fundraising Expenses $1,364,076
Program Expenses $26,197,867
Other Expenses $9,010,603
TOTAL EXPENSES $33,143,835

Year-over-Year Comparison

2024 2023 Change
Revenue $38,165,652 $39,244,791 0.0%
Expenses $33,143,835 $31,579,555 +0.0%
Net Income $5,021,817 $7,665,236 -0.3%
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
295
Volunteers
298

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
$801,057
Total Directors
22
$0
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BEN DU PONT CHAIR 2.00
Officer Director
$0 $0 $0
JOHN M FLYNN SECRETARY 2.00
Officer Director
$0 $0 $0
MARNA WHITTINGTON TREASURER 2.00
Officer Director
$0 $0 $0
SUZANNE ASHLEY TRUSTEE 2.00
Director
$0 $0 $0
KIMBERLY CASSIDY TRUSTEE 2.00
Director
$0 $0 $0
REGIS DE RAMEL TRUSTEE 2.00
Director
$0 $0 $0
ROBERT V DESANTIS TRUSTEE 2.00
Director
$0 $0 $0
JOHN GAVENONIS TRUSTEE 2.00
Director
$0 $0 $0
LAIRD HAYWARD TRUSTEE 2.00
Director
$0 $0 $0
HENRY MELLON TRUSTEE 2.00
Director
$0 $0 $0
CATHERINE L MILLER TRUSTEE 2.00
Director
$0 $0 $0
DAVID NOWLAND TRUSTEE 2.00
Director
$0 $0 $0
LISA A OLSON TRUSTEE 2.00
Director
$0 $0 $0
J MATHIEU PLUMB TRUSTEE 2.00
Director
$0 $0 $0
LOGAN READ TRUSTEE 2.00
Director
$0 $0 $0
SONAL SHEPPARD TRUSTEE 2.00
Director
$0 $0 $0
ISABELLA SPEAKMAN TIMON TRUSTEE 2.00
Director
$0 $0 $0
GENELLE TRADER TRUSTEE 2.00
Director
$0 $0 $0
CARMEN WALLACE TRUSTEE 2.00
Director
$0 $0 $0
GINA WARD TRUSTEE 2.00
Director
$0 $0 $0
MARK BUSSARD TRUSTEE 2.00
Director
$0 $0 $0
RODNEY MORRISON TRUSTEE 2.00
Director
$0 $0 $0
ERIC NORMAN CFO (THRU 9/25) 40.00
Officer
$298,543 $41,266 $339,809
SARAH BAKER HEAD OF SCHOOL 40.00
Officer
$409,255 $51,993 $461,248
KRISTIN MUMFORD DIRECTOR OF ADMISSIONS/ADVANCEMENT 40.00
Highest
$240,865 $51,434 $292,299
LINDSAY ACEVADO DIRECTOR OF COLLEGE COUNSELING 40.00
Highest
$164,486 $20,868 $185,354
AMY BICKHART HEAD OF LOWER SCHOOL 40.00
Highest
$125,127 $38,312 $163,439
MATTHEW TWYMAN DIR OF UPPER SCH ADMIS AND FINL AID 40.00
Highest
$122,286 $9,669 $131,955
JOHN TCHINNIS DIRECTOR OF FACILITIES 40.00
Highest
$116,467 $11,203 $127,670
ANTHONY PISAPIA THRU 7623 FORMER ASSOC HEAD OF SCHOOL 0.00
$130,000 $0 $130,000
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 $38,165,652 $33,143,835 $134,541,384 $5,021,817
2024 No data No data No data No data
2023 $39,938,027 $29,889,324 $116,101,299 $10,048,703
2022 $33,725,781 $28,787,692 $106,938,816 $4,938,089
2021 $48,814,816 $27,796,247 $112,683,577 $21,018,569
2020 $29,330,991 $27,173,959 $91,556,588 $2,157,032
2019 $29,163,708 $27,275,798 $86,306,055 $1,887,910
2018 $25,673,209 $24,820,850 $74,417,037 $852,359
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