Civic Intelligence

The Baldwin School

EIN 23-1352619 • 501(c)3 • Bryn Mawr, PA

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Linked School Profile

The Baldwin School

private

Profile

The baldwin school, an independent college preparatory school, develops talented girls into confident young women with vision, global understanding and the competency to make significant and enduring contributions to the world. The school nurtures our students' passion for intellectual rigor in academics, creativity in the arts and competition in athletics, forming women capable of leading their generation while living balanced lives.

Refreshing map…

701 Montgomery AveBryn Mawr, PA 19010

baldwinschool.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

45th percentile

0.20x

Higher debt load relative to assets than 45% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Source year 2025

Liabilities / Revenue

64th percentile

0.59x

Higher debt load relative to revenue than 64% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Source year 2025

Net Margin

53rd percentile

5.5%

Higher net margin than 53% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Source year 2025

Top Officer Pay

65th percentile

$482,687

Higher top officer pay than 65% of similar nonprofits.

Top officer pay equals 1.7% of source-year revenue.

501(c)3 • $50M-$100M nonprofits • Source year 2025

Asset Growth

44th percentile

4.8%

Faster asset growth than 44% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Annualized from 2024 to 2025

Revenue Growth

57th percentile

9.8%

Faster revenue growth than 57% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Annualized from 2024 to 2025

Balance Sheet
Liabilities / Assets45th percentile

Assets

Up

$87,735,796

Up $3,991,741 (+4.8%) from 2024

Liabilities

Down

$17,132,314

Down $1,309,857 (-7.1%) from 2024

Net Assets

Up

$70,603,482

Up $5,301,598 (+8.1%) from 2024

Operations
Liabilities / Revenue64th percentileNet Margin53rd percentile

Revenue

Up

$29,063,713

Up $2,587,826 (+9.8%) from 2024

Expenses

Up

$27,475,647

Up $1,259,417 (+4.8%) from 2024

Net Income

Up

$1,588,066

Up $1,328,409 (+512%) from 2024

Trend Graphs

Balance Sheet Trend

Asset Growth44th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$100M$50M$0Assets 2010: $47,305,655Liabilities 2010: $24,673,377Net Assets 2010: $22,632,2782010Assets 2011: $47,898,960Liabilities 2011: $23,546,240Net Assets 2011: $24,352,7202011Assets 2012: $48,384,424Liabilities 2012: $26,622,411Net Assets 2012: $21,762,0132012Assets 2013: $49,643,668Liabilities 2013: $25,625,664Net Assets 2013: $24,018,0042013Assets 2014: $51,480,753Liabilities 2014: $26,042,472Net Assets 2014: $25,438,2812014Assets 2015: $52,233,343Liabilities 2015: $25,809,918Net Assets 2015: $26,423,4252015Assets 2016: $51,817,858Liabilities 2016: $27,516,917Net Assets 2016: $24,300,9412016Assets 2017: $51,655,576Liabilities 2017: $24,205,411Net Assets 2017: $27,450,1652017Assets 2018: $52,610,485Liabilities 2018: $23,080,353Net Assets 2018: $29,530,1322018Assets 2019: $54,543,273Liabilities 2019: $23,763,290Net Assets 2019: $30,779,9832019Assets 2020: $57,730,189Liabilities 2020: $25,385,510Net Assets 2020: $32,344,6792020Assets 2021: $76,037,303Liabilities 2021: $23,912,390Net Assets 2021: $52,124,9132021Assets 2022: $75,051,265Liabilities 2022: $19,699,308Net Assets 2022: $55,351,9572022Assets 2023: $80,554,802Liabilities 2023: $19,126,574Net Assets 2023: $61,428,2282023Assets 2024: $83,744,055Liabilities 2024: $18,442,171Net Assets 2024: $65,301,8842024Assets 2025: $87,735,796Liabilities 2025: $17,132,314Net Assets 2025: $70,603,4822025

Highlighted filing

2025

Assets$87,735,796
Liabilities$17,132,314
Net Assets$70,603,482
Open 2025 Filing

Operations Trend

Revenue Growth57th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$40M$30M$20M$10M$0-$10MExpenses 2010: $18,617,9892010Expenses 2011: $18,745,6062011Expenses 2012: $19,511,0522012Expenses 2013: $20,546,3692013Revenue 2014: $22,027,758Expenses 2014: $22,284,477Net Income 2014: -$256,7192014Revenue 2015: $23,464,825Expenses 2015: $22,569,499Net Income 2015: $895,3262015Revenue 2016: $22,883,325Expenses 2016: $23,561,019Net Income 2016: -$677,6942016Revenue 2017: $23,958,076Expenses 2017: $23,735,465Net Income 2017: $222,6112017Revenue 2018: $23,075,859Expenses 2018: $23,144,775Net Income 2018: -$68,9162018Revenue 2019: $24,082,877Expenses 2019: $23,442,053Net Income 2019: $640,8242019Revenue 2020: $25,141,959Expenses 2020: $22,585,396Net Income 2020: $2,556,5632020Revenue 2021: $35,070,994Expenses 2021: $23,069,940Net Income 2021: $12,001,0542021Revenue 2022: $29,387,029Expenses 2022: $23,134,812Net Income 2022: $6,252,2172022Revenue 2023: $27,855,852Expenses 2023: $24,931,947Net Income 2023: $2,923,9052023Revenue 2024: $26,475,887Expenses 2024: $26,216,230Net Income 2024: $259,6572024Revenue 2025: $29,063,713Expenses 2025: $27,475,647Net Income 2025: $1,588,0662025

Highlighted filing

2025

Revenue$29,063,713
Expenses$27,475,647
Net Income$1,588,066
Open 2025 Filing

Filings

Most recent year

2025 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$87,735,796
Liabilities
$17,132,314
Net assets
$70,603,482
Revenue
$29,063,713
Expenses
$27,475,647
Net income
$1,588,066
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$87.7$17.1$70.6$29.1$27.5$1.59
2024Summary only. Only limited summary data is available for this year.$83.7$18.4$65.3$26.5$26.2$0.26
2023Facts available. Structured filing facts are available, but richer extracted sections are limited.$80.6$19.1$61.4$27.9$24.9$2.92
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$75.1$19.7$55.4$29.4$23.1$6.25
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$76.0$23.9$52.1$35.1$23.1$12.0
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$57.7$25.4$32.3$25.1$22.6$2.56
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$54.5$23.8$30.8$24.1$23.4$0.64
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$52.6$23.1$29.5$23.1$23.1$0.07
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$51.7$24.2$27.5$24.0$23.7$0.22
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$51.8$27.5$24.3$22.9$23.6$0.68
2015Summary only. Only limited summary data is available for this year.$52.2$25.8$26.4$23.5$22.6$0.90
2014Detailed filing. Detailed filing data is available for this year.$51.5$26.0$25.4$22.0$22.3$0.26
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$49.6$25.6$24.0$20.5
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$48.4$26.6$21.8$19.5
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$47.9$23.5$24.4$18.7
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$47.3$24.7$22.6$18.6
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2024 to Jun 30, 2025
Signed
Oct 22, 2025
Return Version
2024v5.2
Gross Receipts
$29,354,666
Mission and Program Overview

Mission

Established in 1888, the baldwin school is an independent day school for girls. Baldwin combines the region's premier college preparatory curriculum with distinguished arts, athletics and community service programs.

The baldwin school, an independent college preparatory school, develops talented girls into confident young women with vision, global understanding and the competency to make significant and enduring contributions to the world. The school nurtures our students' passion for intellectual rigor in academics, creativity in the arts and competition in athletics, forming women capable of leading their generation while living balanced lives.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$41,028,313$44,871,276▲ $3,842,963
Land, Buildings, and Equipment, Net$26,058,925$25,813,858▼ $245,067
Savings and Temporary Cash Investments$14,796,419$13,665,558▼ $1,130,861
Pledges and Grants Receivable$652,659$2,026,374▲ $1,373,715
Prepaid Expenses and Deferred Charges$515,584$613,186▲ $97,602
Inventories for Sale or Use$140,422$144,431▲ $4,009
Accounts Receivable$34,729$46,647▲ $11,918
Total Assets$83,744,055$87,735,796▲ $3,991,741
Other Assets Total$517,004$554,466▲ $37,462
Liabilities
Tax Exempt Bond Liabilities$10,585,542$9,908,094▼ $677,448
Deferred Revenue$4,766,905$4,608,541▼ $158,364
Accounts Payable and Accrued Expenses$2,814,970$2,324,270▼ $490,700
Other Liabilities$274,754$291,409▲ $16,655
Total Liabilities$18,442,171$17,132,314▼ $1,309,857
Net Assets / Fund Balance
Net Assets With Donor Restrictions$39,003,304$43,163,545▲ $4,160,241
Net Assets Without Donor Restrictions$26,298,580$27,439,937▲ $1,141,357
Total Net Assets Fund Balance$65,301,884$70,603,482▲ $5,301,598
Total Liabilities and Net Assets / Fund Balance$83,744,055$87,735,796▲ $3,991,741

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$23,659,516$20,963,423$44,622,939
Land$1,534,336-$1,534,336
Equipment$460,971$798,662$1,259,633
Other Land Buildings$159,035-$159,035

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2024$39,207,541$645,834▲ $4,356,817-$42,763,477
2023$35,221,681$174,097▲ $4,449,273-$39,207,541
2022$29,829,155$3,037,397▲ $2,943,624-$35,221,681
2021$32,366,778$1,981,375▼ $4,032,133-$29,829,155
2020$18,382,532$7,542,461▲ $6,848,195-$32,366,778
Compensation and Service Providers
Top Officer Pay65th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Lynne MacziewskiHead of SchoolFT$472,337$10,350$482,687
Laura ArmstrongChief Development ofFT$167,969$12,149$180,118
Dianna CollinsChief Enrollment OffFT$159,524$11,141$170,665
Madeline PerryDirector of SquashFT$159,800$4,230$164,030
Shauna CarterDirector of Middle SchoolFT$152,452$4,533$156,985
Quenby FrimetLs DirectorFT$141,132$5,548$146,680
Brian LoriganChief Financial OffFT$103,434$3,125$106,559

Board Members and Trustees

NameTitle
Rachel SternChair of the Board
Hannah SchofieldPresident Bspa
Kim HeuerVice Chair
Hope FeherFaculty Trustee
Lindsay DavisFaculty Trustee
Blair D StambaughHonorary Trustee
Martha OrtizSenior Trustee
Samuel R ScottSenior Trustee
Cynthia Johnson NelsonTrustee
Danielle De FeoTrustee
Darren BramenTrustee
Fred DibonaTrustee
John KaramatsoukasTrustee
John PearlsteinTrustee
Julia PudlinTrustee
Katayoun CopelandTrustee
Louis CapanoTrustee
Mwanasha VanwrightTrustee
Patricia WeiserTrustee
Pontea Fazeli DixonTrustee
Rachel Dean MatthewsTrustee
Sanjeev SwamiTrustee
Sejita PageTrustee
Susanna a JonesTrustee
Tom BachrachTrustee
Elizabeth Smith CampanaAlumnae Leadership Council
Shayna FaderAlumnae Leadership Council
Sharon Simkiss MerhigeSecretary
Scott DeitzTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$5,130,337
Program Service Revenue
$21,695,203
Investment Income
$1,139,575
Other Revenue
$1,098,598
All Other Contributions
$5,130,337
Change in Net Assets
$1,588,066

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Miscellaneous10$631,430Fair Market Value (FMV)
Total Noncash Contributions10$631,430-

Audited Revenue Reconciliation

Revenue per Audited Statements
$29,258,816
Revenue Not Reported on Financial Statements
$-195,103
Revenue Not Reported on Form 990
$266,323
Other Revenue Adjustments
$-195,103
Total Revenue per Audited Statements
$29,525,139
Total Revenue per Form 990
$29,063,713
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$16,422,768
Other Expenses$7,605,670
Grants and Similar Amounts Paid$3,447,209
Total Fundraising Expense$1,325,786
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$10,508,918$1,340,548$586,645$12,436,111
Grants to Domestic Individuals$3,447,209--$3,447,209
Other Employee Benefits$1,422,919$234,631$95,039$1,752,589
Depreciation Depletion$1,466,295$170,648$42,662$1,679,605
Payroll Taxes$768,461$156,124$50,239$974,824
All Other Expenses$610,405$139,053$132,443$881,901
Current Officers, Directors, Trustees, and Key Employees$123,518$476,204$123,518$723,240
Pension Plan Contributions$435,179$71,758$29,067$536,004
Interest-$460,339-$460,339
Other Expenses$237,968$46,596$21,488$306,052
Insurance$234,711$27,316$6,829$268,856
Advertising$222,426$25,886$6,472$254,784
Information Technology$204,183$23,763$5,941$233,887
Conferences and Meetings$73,486$85,392$33,195$192,073
Fees for Services Other-$139,902-$139,902
Fees for Services Legal-$30,406-$30,406
Fees for Services Accounting-$29,850-$29,850
Total Functional Expenses$22,196,230$3,953,631$1,325,786$27,475,647

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$27,475,647
Total Expenses per Audited Statements$24,223,541
Expenses per Audited Statements$24,028,438
Expenses Not Reported on Financial Statements$3,447,209
Other Expense Adjustments$3,447,209
Expenses Not Reported on Form 990$195,103
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$381,560
Fundraising Direct Expenses$95,850
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Gala$368,783$368,783$95,683$273,100
Total Events$368,783$368,783$95,683$273,100
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Gift Annuity Liability$291,409

Bond Issues

BondIssuerIssuedIssue PricePurpose
AMc Industrial Development Authority2023-12-28$11,307,500REFINANCE

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$11,307,500---

Bond Financing Compliance

No rebate due
No
Rebate not yet due
No
Form 8038-T filed
No
Gross proceeds invested
No
Gross proceeds invested in GIC
No
Exception to rebate
No
Corrective action procedures
Yes
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

“A copy of the 990 is made available to the board of directors for review at a board meeting.”

Form 990, Part VI, Section B, Line 12C

“The organization reviews and updates the conflict of interest policy annually.”

Form 990, Part VI, Section B, Line 15A

“The head of school's salary is approved by a compensation committee. The compensation committee reviews the salary and looks at comparable data to determine salary rates.”

Form 990, Part VI, Section C, Line 19

“Governing documents are made available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
The Baldwin School
EIN
23-1352619
Phone
6105252700
Address
701 MONTGOMERY AVE, BRYN MAWR, PA 19010

Signing Officer

Name
Brian Lorigan
Title
CFO
Phone
6105252700
Signed
2025-10-22
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Brian Lorigan
Formed
1888
Legal Domicile
Pa
Voting Board Members
30
Independent Board Members
27
Employees
277
Volunteers
235

Preparer

Firm
O'CONNELL & COMPANY LLC
Address
240 GIBRALTAR ROAD SUITE 260, HORSHAM, PA 19044
Preparer
Robert J Mcnamee CPA
Phone
2158874425
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

“Change in value of beneficial interest in trust 37,462.”

Financial Statement Notes

PART V, LINE 4:

“The school's endowment funds were established to fund scholarships, faculty enhancement, and other program expenses.”

PART X, LINE 2:

“The school is exempt from income tax under irc section 501(c)(3), though it is subject to tax on income unrelated to its exempt purpose, unless that income is otherwise excluded by the code. The school has processes presently in place to ensure the maintenance of its tax-exempt status; to identify and report unrelated income; to determine its filing and tax obligations; and to identify and evaluate other matters that may be considered tax positions. The school has determined that there are no material uncertain tax positions that require recognition or disclosure in the financial statements.”

PART XI, LINE 2D - OTHER ADJUSTMENTS:

“Financial aid -3,447,209. Change in value of beneficial interest in trust 37,462.”

PART XI, LINE 4B - OTHER ADJUSTMENTS:

“RENT EXPENSE -195,103.”

PART XII, LINE 2D - OTHER ADJUSTMENTS:

“RENT EXPENSE 195,103.”

PART XII, LINE 4B - OTHER ADJUSTMENTS:

“FINANCIAL AID 3,447,209.”

Raw XML AppendixShowing 400 of 867 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
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IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0THE BALDWIN SCHOOL, AN INDEPENDENT COLLEGE PREPARATORY SCHOOL, DEVELOPS TALENTED GIRLS INTO CONFIDENT YOUNG WOMEN WITH VISION, GLOBAL UNDERSTANDING AND THE COMPETENCY TO MAKE SIGNIFICANT AND ENDURING CONTRIBUTIONS TO THE WORLD. THE SCHOOL NURTURES OUR STUDENTS' PASSION FOR INTELLECTUAL RIGOR IN ACADEMICS, CREATIVITY IN THE ARTS AND COMPETITION IN ATHLETICS, FORMING WOMEN CAPABLE OF LEADING THEIR GENERATION WHILE LIVING BALANCED LIVES.
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IRS990/Form990PartVIISectionAGrp/TitleTxt20TRUSTEE
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IRS990/Form990PartVIISectionAGrp/TitleTxt30CHIEF FINANCIAL OFF
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