Civic Intelligence

Upland Country Day School

EIN 23-1458004 • 501(c)3 • Kennett Square, PA

Profile

A non-sectarian, independent day school educating boys and girls in pre-kindergarten thru 9th. To provide a challenging academic, arts and athletic program that nurtures the strengths of each child, fosters independent thinking, and develops graduates of character with a passion for learning, the confidence to take risks, and the perserverance to achieve success in school and life.

420 West Street RoadKennett Square, PA 19348-1123

www.uplandcds.org

Siviq Scores

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

Liabilities / Assets

61st percentile

0.21x

Higher debt load relative to assets than 61% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Liabilities / Revenue

63rd percentile

0.27x

Higher debt load relative to revenue than 63% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Net Margin

71st percentile

17%

Higher net margin than 71% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Top Officer Pay

77th percentile

$214,190

Higher top officer pay than 77% of similar nonprofits.

Top officer pay equals 2.8% of source-year revenue.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Asset Growth

75th percentile

15%

Faster asset growth than 75% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Revenue Growth

78th percentile

34%

Faster revenue growth than 78% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Assets

Up

$9,707,676

Up $1,245,940 (+15%) from 2023

Liabilities

Down

$2,061,716

Down $131,082 (-6.0%) from 2023

Net Assets

Up

$7,645,960

Up $1,377,022 (+22%) from 2023

Revenue

Up

$7,646,769

Up $1,929,779 (+34%) from 2023

Expenses

Up

$6,316,273

Up $252,103 (+4.2%) from 2023

Net Income

Up

$1,330,496

Up $1,677,676 (+483%) from 2023

Trend Graphs

Balance Sheet Trend

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

$15M$10M$5.0M$0Assets 2012: $9,121,913Liabilities 2012: $475,755Net Assets 2012: $8,646,1582012Assets 2013: $8,854,922Liabilities 2013: $375,917Net Assets 2013: $8,479,0052013Assets 2014: $10,153,505Liabilities 2014: $427,626Net Assets 2014: $9,725,8792014Assets 2015: $10,931,052Liabilities 2015: $1,042,771Net Assets 2015: $9,888,2812015Assets 2016: $13,157,093Liabilities 2016: $3,015,264Net Assets 2016: $10,141,8292016Assets 2017: $12,627,646Liabilities 2017: $3,495,483Net Assets 2017: $9,132,1632017Assets 2018: $11,122,099Liabilities 2018: $3,081,162Net Assets 2018: $8,040,9372018Assets 2019: $10,989,690Liabilities 2019: $3,650,647Net Assets 2019: $7,339,0432019Assets 2020: $9,938,839Liabilities 2020: $4,072,022Net Assets 2020: $5,866,8172020Assets 2021: $7,714,723Liabilities 2021: $1,304,581Net Assets 2021: $6,410,1422021Assets 2022: $8,603,723Liabilities 2022: $2,025,227Net Assets 2022: $6,578,4962022Assets 2023: $8,461,736Liabilities 2023: $2,192,798Net Assets 2023: $6,268,9382023Assets 2024: $9,707,676Liabilities 2024: $2,061,716Net Assets 2024: $7,645,9602024

Highlighted filing

2024

Assets$9,707,676
Liabilities$2,061,716
Net Assets$7,645,960

Operations Trend

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

$10M$5.0M$0-$5.0MExpenses 2012: $4,107,6062012Expenses 2013: $4,020,1262013Revenue 2014: $5,300,129Expenses 2014: $4,359,270Net Income 2014: $940,8592014Revenue 2015: $5,123,714Expenses 2015: $4,667,924Net Income 2015: $455,7902015Revenue 2016: $5,585,001Expenses 2016: $5,041,347Net Income 2016: $543,6542016Revenue 2017: $4,053,682Expenses 2017: $5,439,657Net Income 2017: -$1,385,9752017Revenue 2018: $3,954,322Expenses 2018: $5,186,920Net Income 2018: -$1,232,5982018Revenue 2019: $5,070,792Expenses 2019: $5,944,076Net Income 2019: -$873,2842019Revenue 2020: $5,330,584Expenses 2020: $6,045,234Net Income 2020: -$714,6502020Revenue 2021: $6,100,212Expenses 2021: $5,556,887Net Income 2021: $543,3252021Revenue 2022: $5,665,360Expenses 2022: $5,478,397Net Income 2022: $186,9632022Revenue 2023: $5,716,990Expenses 2023: $6,064,170Net Income 2023: -$347,1802023Revenue 2024: $7,646,769Expenses 2024: $6,316,273Net Income 2024: $1,330,4962024

Highlighted filing

2024

Revenue$7,646,769
Expenses$6,316,273
Net Income$1,330,496

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$9.71$2.06$7.65$7.65$6.32$1.33
2023Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.46$2.19$6.27$5.72$6.06$0.35
2022Detailed filing. Detailed filing data is available for this year.$8.60$2.03$6.58$5.67$5.48$0.19
2021Detailed filing. Detailed filing data is available for this year.$7.71$1.30$6.41$6.10$5.56$0.54
2020Detailed filing. Detailed filing data is available for this year.$9.94$4.07$5.87$5.33$6.05$0.71
2019Detailed filing. Detailed filing data is available for this year.$11.0$3.65$7.34$5.07$5.94$0.87
2018Detailed filing. Detailed filing data is available for this year.$11.1$3.08$8.04$3.95$5.19$1.23
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$12.6$3.50$9.13$4.05$5.44$1.39
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$13.2$3.02$10.1$5.59$5.04$0.54
2015Detailed filing. Detailed filing data is available for this year.$10.9$1.04$9.89$5.12$4.67$0.46
2014Detailed filing. Detailed filing data is available for this year.$10.2$0.43$9.73$5.30$4.36$0.94
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.85$0.38$8.48$4.02
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.12$0.48$8.65$4.11
Latest Detailed Filing

The latest 2024 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2023 below.

Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
Nov 21, 2023
Return Version
2022v5.0
Gross Receipts
$5,869,562
Mission and Program Overview

Mission

A non-sectarian, independent day school educating boys and girls in pre-kindergarten thru 9th. To provide a challenging academic, arts and athletic program that nurtures the strengths of each child, fosters independent thinking, and develops graduates of character with a passion for learning, the confidence to take risks, and the perserverance to achieve success in school and life.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$5,574,437$5,429,053▼ $145,384
Savings and Temporary Cash Investments$2,522,610$1,486,814▼ $1,035,796
Investments in Publicly Traded Securities$130,731$784,762▲ $654,031
Pledges and Grants Receivable$193,212$614,833▲ $421,621
Prepaid Expenses and Deferred Charges$112,247$120,332▲ $8,085
Accounts Receivable$11,716$9,476▼ $2,240
Total Assets$8,603,723$8,461,736▼ $141,987
Other Assets Total$58,770$16,466▼ $42,304
Liabilities
Deferred Revenue$1,599,484$1,659,440▲ $59,956
Accounts Payable and Accrued Expenses$369,056$414,956▲ $45,900
Other Liabilities$56,687$118,402▲ $61,715
Total Liabilities$2,025,227$2,192,798▲ $167,571
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$4,683,453$4,327,074▼ $356,379
Net Assets With Donor Restrictions$1,895,043$1,941,864▲ $46,821
Total Net Assets Fund Balance$6,578,496$6,268,938▼ $309,558
Total Liabilities and Net Assets / Fund Balance$8,603,723$8,461,736▼ $141,987

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$5,154,983$7,775,714$12,930,697
Equipment$260,067$2,174,277$2,434,344
Other Land Buildings$14,003$176,700$190,703

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2022$1,909,765$600▲ $99,573-$2,009,338
2021$1,926,959$25,975▼ $14,944-$1,909,765
2020$3,702,378$11,300▼ $807$1,774,612$1,926,959
2019$4,764,056$1,075▼ $809,678$250,000$3,702,378
2018$4,865,338$4,345▲ $314,838$249,863$4,764,056
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Daniel HickeyHeadmasterFT$177,625$30,674$208,299
Richard HayburnCFOFT$124,476$20,405$144,881

Highest Paid Contractors

ContractorServicesLocationCompensation
Warfel Construction CompanyDesign, Demo, Remodel Of Beeschool Presc1110 ENTERPRISE ROAD, East Petersburg, PA 17520$118,786
Tri-state The RoofersRoof On Ice Rink404 MECO DRIVE, Wilmington, DE 19804$113,333
Revenue and Support

Revenue Composition

Contributions and Grants
$1,286,892
Program Service Revenue
$4,308,746
Investment Income
$53,313
Other Revenue
$68,039
All Other Contributions
$775,838
Change in Net Assets
$-347,180

Noncash Contribution Practices

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

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded5$127,348Fair Market Value
Total Noncash Contributions5$127,348-

Audited Revenue Reconciliation

Revenue per Audited Statements
$4,366,425
Revenue Not Reported on Financial Statements
$1,350,565
Revenue Not Reported on Form 990
$37,622
Other Revenue Adjustments
$1,350,565
Total Revenue per Audited Statements
$4,404,047
Total Revenue per Form 990
$5,716,990
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$3,097,732
Other Expenses$1,711,051
Grants and Similar Amounts Paid$1,255,387
Total Fundraising Expense$189,160
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,413,181$754,371$58,703$2,226,255
Grants to Domestic Individuals$1,255,387--$1,255,387
Depreciation Depletion$229,151$172,388$10,816$412,355
Current Officers, Directors, Trustees, and Key Employees-$367,829-$367,829
Other Employee Benefits$209,961$97,122$9,298$316,381
All Other Expenses$74,201$175,381-$249,582
Payroll Taxes$104,182$78,173$4,912$187,267
Other Expenses$133,924$183,063$105,431$105,431
Advertising-$103,286-$103,286
Insurance-$91,173-$91,173
Information Technology-$90,292-$90,292
Fees for Services Other-$83,801-$83,801
Office Expenses-$50,700-$50,700
Fees for Services Accounting-$23,550-$23,550
Conferences and Meetings$13,817$6,894-$20,711
Interest-$15,667-$15,667
Total Functional Expenses$3,581,320$2,293,690$189,160$6,064,170

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$6,064,170
Total Expenses per Audited Statements$4,713,605
Expenses per Audited Statements$4,674,859
Expenses Not Reported on Financial Statements$1,389,311
Other Expense Adjustments$1,389,311
Expenses Not Reported on Form 990$38,746
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Deferred Rent$118,402
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
Yes
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

The organization's form 990 is prepared by its accounting firm. The form 990 is presented to the organization for its review and subsequent filing.

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

Upland country day school requires the voting members to sign a conflict of interest policy annually with requires them to declare any possible conflicts prior to voting.

Form 990, Part VI, Section B, Line 15

Compensation of the head of school and other officers and key employees includes a review and approval by an independent body, the board of directors. Salaries are based on comparable salaries found through wickenden & associates.

Form 990, Part VI, Section C, Line 19

The organization makes its governing documents, conflict of interest policy and financial statements available to the public by request.

Filing and Contact Details

Filer

Filer Name
Upland Country Day School
EIN
23-1458004
Phone
6104443035
Address
420 WEST STREET ROAD, KENNETT SQUARE, PA 19348-1123

Signing Officer

Name
Daniel E Hickey
Title
Headmaster
Phone
6104448116
Signed
2023-11-21
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Daniel E Hickey
Formed
1948
Legal Domicile
Pa
Voting Board Members
22
Independent Board Members
22
Employees
82
Volunteers
38

Preparer

Firm
Gunnip & Company Llp
Address
2751 CENTERVILLE RD STE 300, WILMINGTON, DE 19808
Preparer
George W Hager Jr CPA
Phone
3022255000
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 2C, RESPONSIBILITY OF AUDIT OVERSIGHT:

The organization's board of directors assumes the responsibility of oversight of the audit of its financial statements and the selection of its independent accountants.

Financial Statement Notes

PART X, LINE 2:

The school adheres to fasb asc 740, accounting for uncertainty in income taxes. For the years ended june 30, 2023 and 2022, the school has determined it did not have a material tax liability for uncertain tax positions.

PART XI, LINE 4B - OTHER ADJUSTMENTS:

Financial aid and scholarships 133,924. Faculty remission 150,120. Incentive discounts 1,105,267. Rental expenses -38,746.

PART XII, LINE 2D - OTHER ADJUSTMENTS:

RENTAL EXPENSES 38,746.

PART XII, LINE 4B - OTHER ADJUSTMENTS:

Financial aid and scholarships 1,105,267. Faculty remission 150,120. Incentive discounts 133,924.

Raw XML AppendixShowing 400 of 692 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
IRS990/AccountantCompileOrReviewInd00
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IRS990/AccountsReceivableGrp/EOYAmt09476
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0A NON-SECTARIAN, INDEPENDENT DAY SCHOOL EDUCATING BOYS AND GIRLS IN PRE-KINDERGARTEN THRU 9TH. TO PROVIDE A CHALLENGING ACADEMIC, ARTS AND ATHLETIC PROGRAM THAT NURTURES THE STRENGTHS OF EACH CHILD, FOSTERS INDEPENDENT THINKING, AND DEVELOPS GRADUATES OF CHARACTER WITH A PASSION FOR LEARNING, THE CONFIDENCE TO TAKE RISKS, AND THE PERSERVERANCE TO ACHIEVE SUCCESS IN SCHOOL AND LIFE.
IRS990/AdvertisingGrp/ManagementAndGeneralAmt0103286
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IRS990/AllOtherContributionsAmt0775838
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IRS990/AllOtherExpensesGrp/TotalAmt0249582
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IRS990/BooksInCareOfDetail/PhoneNum06104443035
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0420 WEST STREET ROAD
IRS990/BooksInCareOfDetail/USAddress/CityNm0KENNETT SQUARE
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IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt1404 MECO DRIVE
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