Nonprofit · EIN 22-1487252
MORRISTOWN-BEARD SCHOOL
Tax-exempt · MORRISTOWN, NJ 07960
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $41,455,342 | $37,721,121 | $3,734,221 | $84,170,096 | $7,457,705 | $76,712,391 |
| June 30, 2024 | 990 | $34,693,681 | $35,671,137 | -$977,456 | $76,540,014 | $6,843,481 | $69,696,533 |
| June 30, 2023 | 990 | $34,984,658 | $34,022,511 | $962,147 | $73,085,809 | $5,416,796 | $67,669,013 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $5,971,532
- Program service revenue
- $34,178,857
- Investment income
- $1,253,763
- Net gain from sales of assets
- -$27
- Net income from fundraising events
- $47,366
- Net income from gaming
- $2,250
- Net income from sales of inventory
- -$5,165
- Other revenue
- $51,190
Expenses
- Grants and similar amounts paid
- $4,576,895
- Compensation of officers, directors and key employees
- $1,973,278
- Other salaries and wages
- $15,211,279
- Salaries, compensation and benefits (total)
- $22,707,463
- Professional fundraising fees
- $0
- Legal fees
- $42,472
- Accounting fees
- $88,650
- Occupancy
- $523,875
- Travel
- $591,194
- Depreciation
- $2,392,197
- Program services (functional)
- $28,423,694
- Management and general (functional)
- $8,001,839
- Fundraising (functional)
- $1,295,588
Balance sheet and other
- Total assets, start of year
- $76,540,014
- Total assets, end of year
- $84,170,096
- Total liabilities, end of year
- $7,457,705
- Net assets, end of year
- $76,712,391
- Land, buildings and equipment
- $39,349,629
- Publicly traded securities
- $33,418,332
- Net assets without donor restrictions
- $44,111,193
- Net assets with donor restrictions
- $32,601,198
- Gross unrelated business income
- $43,184
- Gross receipts
- $41,628,496
- Employees
- 359
- Volunteers
- 120
- Year formed
- 1939
- State of legal domicile
- NJ
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| ELIZABETH MORRISON | HEAD OF SCHOOL THRU JUNE 2025 Trustee or director, Officer | 55 | $500,064 | $573,365 |
| ELIZABETH PATTERSON | DIRECTOR OF ADVANCEMENT Key employee | 55 | $236,847 | $36,152 |
| RYAN LIESE | HEAD OF UPPER SCHOOL Highest-paid employee | 55 | $192,992 | $69,061 |
| KLARISSA KAROSEN | DIRECTOR OF DEI Highest-paid employee | 55 | $148,740 | $103,354 |
| ALONDA CASSELLE | HEAD OF MIDDLE SCHOOL Highest-paid employee | 55 | $162,830 | $69,793 |
| BONI LUNA | DEAN OF FACULTY Key employee | 55 | $197,660 | $32,122 |
| PAUL FISHER | TECHNOLOGY TEACHER Highest-paid employee | 55 | $151,616 | $44,076 |
| ROBERT MITCHELL | DIRECTOR OF ADMISSION Highest-paid employee | 55 | $161,026 | $19,148 |
| RICHARD KASMIN | CFO, THRU 8/14/24 Officer | 55 | $112,080 | $9,559 |
| CHANCE VAN SCIVER | CFO Officer | 55 | $77,511 | $4,087 |
| RAVI CHOPRA | CO-PRESIDENT Trustee or director, Officer | 0.5 | $0 | $0 |
| CARISA STRAUSS | CO-PRESIDENT Trustee or director, Officer | 0.5 | $0 | $0 |
| DARNELL PARKER | VICE PRESIDENT Trustee or director, Officer | 0.5 | $0 | $0 |
| LEE KELLOGG SADRIAN | VICE PRESIDENT Trustee or director, Officer | 0.5 | $0 | $0 |
| MICHAEL MORAIS | VICE PRESIDENT Trustee or director, Officer | 0.5 | $0 | $0 |
12 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| R CARTWRIGHT WALLACE | TREASURER Trustee or director, Officer | 0.5 | $0 |
| PAMELA NELSON-DAVIDSON | SECRETARY Trustee or director, Officer | 0.5 | $0 |
| LISSA FERRELL | TRUSTEE Trustee or director | 0.5 | $0 |
| PETER FIVERSON | TRUSTEE Trustee or director | 0.5 | $0 |
| SHANAE GREEN | TRUSTEE Trustee or director | 0.5 | $0 |
| DAVID MCMANUS | TRUSTEE Trustee or director | 0.5 | $0 |
| ALEX RANGER | TRUSTEE Trustee or director | 0.5 | $0 |
| BRUCE SANFORD | TRUSTEE Trustee or director | 0.5 | $0 |
| LARRY SHERMAN | TRUSTEE Trustee or director | 0.5 | $0 |
| MARGARET SMITH | TRUSTEE Trustee or director | 0.5 | $0 |
| ERIC SOOS | TRUSTEE Trustee or director | 0.5 | $0 |
| SCOTT TANNEN | TRUSTEE Trustee or director | 0.5 | $0 |
990 for the year ended June 30, 2024: 34 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| ELIZABETH MORRISON | HEAD OF SCHOOL Trustee or director, Officer | 55 | $485,595 | $55,203 |
| ELIZABETH PATTERSON | DIRECTOR OF ADVANCEMENT Key employee | 55 | $227,581 | $50,661 |
| PETER CALDWELL | FORMER HEAD OF SCHOOL Former | 0.5 | $270,000 | $0 |
| BONI LUNA | DEAN OF FACULTY Key employee | 55 | $188,936 | $46,811 |
| RYAN LIESE | HEAD OF UPPER SCHOOL Highest-paid employee | 55 | $186,791 | $36,747 |
| KLARISSA KAROSEN | DIRECTOR OF DEI Highest-paid employee | 55 | $143,704 | $76,684 |
| PHILICIA LEVINSON | DIRECTOR OF HUMAN RESOURCES Key employee | 55 | $177,234 | $41,049 |
| PAUL FISHER | TECHNOLOGY TEACHER Highest-paid employee | 55 | $166,811 | $44,132 |
| ROBERT MITCHELL | DIRECTOR OF ADMISSION Highest-paid employee | 55 | $155,914 | $38,392 |
| MARK CLAR | DIR OF FACILITIES Highest-paid employee | 55 | $137,343 | $25,015 |
| RICHARD KASMIN | CHIEF FINANCIAL OFFICER, EFF. 7/1/23 Officer | 55 | $89,822 | $11,258 |
| RAVI CHOPRA | CO-PRESIDENT Trustee or director, Officer | 10 | $0 | $0 |
| CARISA STRAUSS | CO-PRESIDENT Trustee or director, Officer | 10 | $0 | $0 |
| DARNELL PARKER | VICE PRESIDENT Trustee or director, Officer | 10 | $0 | $0 |
| LEE KELLOGG SADRIAN | VICE PRESIDENT Trustee or director, Officer | 10 | $0 | $0 |
| KELLY EWING | VICE PRESIDENT Trustee or director, Officer | 10 | $0 | $0 |
| MICHAEL MORAIS | VICE PRESIDENT Trustee or director, Officer | 10 | $0 | $0 |
| R CARTWRIGHT WALLACE | TREASURER Trustee or director, Officer | 10 | $0 | $0 |
| PAMELA NELSON-DAVIDSON | SECRETARY Trustee or director, Officer | 10 | $0 | $0 |
| DENA BAPTISTE | TRUSTEE Trustee or director | 10 | $0 | $0 |
| LISSA FERRELL | TRUSTEE Trustee or director | 10 | $0 | $0 |
| PETER FIVERSON | TRUSTEE Trustee or director | 10 | $0 | $0 |
| SHANAE GREEN | TRUSTEE Trustee or director | 10 | $0 | $0 |
| DAVID MCMANUS | TRUSTEE Trustee or director | 10 | $0 | $0 |
| DAVID MOLOWA | TRUSTEE Trustee or director | 10 | $0 | $0 |
| CORY PINE | TRUSTEE Trustee or director | 10 | $0 | $0 |
| SUSAN REALE | TRUSTEE Trustee or director | 10 | $0 | $0 |
| BRUCE SANFORD | TRUSTEE Trustee or director | 10 | $0 | $0 |
| LARRY SHERMAN | TRUSTEE Trustee or director | 10 | $0 | $0 |
| PENNY SOKOLOWSKI | TRUSTEE Trustee or director | 10 | $0 | $0 |
| ERIC SOOS | TRUSTEE Trustee or director | 10 | $0 | $0 |
| SCOTT TANNEN | TRUSTEE Trustee or director | 10 | $0 | $0 |
| JANINE WEBB | TRUSTEE Trustee or director | 10 | $0 | $0 |
| SHERIF ZAKHARY | TRUSTEE Trustee or director | 10 | $0 | $0 |
990 for the year ended June 30, 2023: 32 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| ELIZABETH MORRISON | HEAD OF SCHOOL Trustee or director, Officer | 55 | $468,724 | $57,107 |
| PETER CALDWELL | FORMER HEAD OF SCHOOL Former | 0.5 | $270,000 | $0 |
| ELIZABETH PATTERSON | DIRECTOR OF ADVANCEMENT Key employee | 55 | $218,265 | $46,898 |
| PHILICIA LEVINSON | CHIEF FINANCIAL OFFICER Officer | 55 | $201,872 | $40,603 |
| BONI LUNA | DEAN OF FACULTY Key employee | 55 | $181,503 | $43,695 |
| ROBERT MITCHELL | DIRECTOR OF ADMISSION Highest-paid employee | 55 | $145,933 | $70,980 |
| RYAN LIESE | HEAD OF UPPER SCHOOL Highest-paid employee | 55 | $179,456 | $36,130 |
| PAUL FISHER | TECHNOLOGY TEACHER Highest-paid employee | 55 | $141,053 | $41,431 |
| KLARISSA KAROSEN | DIRECTOR OF DEI Highest-paid employee | 55 | $134,967 | $37,950 |
| DARREN BURNS | STRATEGIC PLANNING Highest-paid employee | 55 | $131,739 | $41,060 |
| RAVI CHOPRA | CO-PRESIDENT Trustee or director, Officer | 10 | $0 | $0 |
| CARISA STRAUSS | CO-PRESIDENT Trustee or director, Officer | 10 | $0 | $0 |
| DARNELL PARKER | VICE PRESIDENT Trustee or director, Officer | 10 | $0 | $0 |
| LEE KELLOGG SADRIAN | VICE PRESIDENT Trustee or director, Officer | 10 | $0 | $0 |
| KELLY EWING | VICE PRESIDENT Trustee or director, Officer | 10 | $0 | $0 |
| MICHAEL MORAIS | VICE PRESIDENT Trustee or director, Officer | 10 | $0 | $0 |
| R CARTWRIGHT WALLACE | TREASURER Trustee or director, Officer | 10 | $0 | $0 |
| PAMELA NELSON-DAVIDSON | SECRETARY Trustee or director, Officer | 10 | $0 | $0 |
| DENA BAPTISTE | TRUSTEE Trustee or director | 10 | $0 | $0 |
| DAVID MOLOWA | TRUSTEE Trustee or director | 10 | $0 | $0 |
| LISSA FERRELL | TRUSTEE Trustee or director | 10 | $0 | $0 |
| PETER FIVERSON | TRUSTEE Trustee or director | 10 | $0 | $0 |
| SHANAE GREEN | TRUSTEE Trustee or director | 10 | $0 | $0 |
| DAVID MCMANUS | TRUSTEE Trustee or director | 10 | $0 | $0 |
| CORY PINE | TRUSTEE Trustee or director | 10 | $0 | $0 |
| BRUCE SANFORD | TRUSTEE Trustee or director | 10 | $0 | $0 |
| LARRY SHERMAN | TRUSTEE Trustee or director | 10 | $0 | $0 |
| PENNY SOKOLOWSKI | TRUSTEE Trustee or director | 10 | $0 | $0 |
| SCOTT TANNEN | TRUSTEE Trustee or director | 10 | $0 | $0 |
| ERIC SOOS | TRUSTEE Trustee or director | 10 | $0 | $0 |
| JANINE WEBB | TRUSTEE Trustee or director | 10 | $0 | $0 |
| SHERIF ZAKHARY | TRUSTEE Trustee or director | 10 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 70 WHIPPANY RD, MORRISTOWN, NJ 07960-4593
- Principal officer (990 for 2024)
- PHILICIA G LEVINSON, 70 WHIPPANY ROAD, MORRISTOWN, NJ 07960
- Signed the 990
- MATT WHITFORD, CFO
- Phone
- (973) 539-3032
- Website
- WWW.MBS.NET
- Return prepared by
- PKF O'CONNOR DAVIES ADVISORY LLC
Mission
MORRISTOWN BEARD SCHOOL IS AN EDUCATIONAL COLLEGE PREPARATORY SCHOOL IN GRADES 6 TO 12 LOCATED IN MORRISTOWN, NEW JERSEY.
Program accomplishments
- MORRISTOWN BEARD SCHOOL IS AN INDEPENDENT, COEDUCATIONAL DAY SCHOOL SERVING STUDENTS FROM MORE THAN 85 COMMUNITIES AND NINE COUNTIES IN NORTHERN NEW JERSEY. THERE ARE 600 STUDENTS IN GRADES 6-12, WITH AN UPPER SCHOOL ENROLLMENT OF 460 AND MIDDLE SCHOOL OF 140. STUDENTS LEAVE MBS EXCEEDINGLY WELL PREPARED FOR THE CHALLENGES OF COLLEGE AND UNIVERSITY STUDIES. THEIR SKILLS IN CRITICAL THINKING, WRITING, AND TIME MANAGEMENT SET THEM APART AMONG ENTERING COLLEGE STUDENTS, WHILE THE QUALITIES OF MIND THEY DEVELOP HERE POSITION THEM FOR SUCCESS LONG AFTER COLLEGE. THESE STRENGTHS FROM COMMUNICATION AND COLLABORATION TO THE ABILITY TO SOLVE COMPLEX, OPEN-ENDED PROBLEMS LEAD NEARLY EVERY LIST OF CAPABILITIES FOR 21ST-CENTURY SUCCESS.Expenses $28,423,694 · grants $4,576,895 · revenue $34,173,692
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 22-1487252
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- School
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1943
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B250)
- Assets (IRS master file)
- $84,170,096
- Income (IRS master file)
- $41,628,496
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $41,455,342 | $37,721,121 | $84,170,096 | IRS |
| 990-T | June 2025 | – | – | – | IRS |
| 990 | June 2024 | $34,693,681 | $35,671,137 | $76,540,014 | IRS |
| 990 | June 2023 | $34,984,658 | $34,022,511 | $73,085,809 | XML |
| 990 | June 2022 | $35,071,625 | $32,531,347 | $71,175,267 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 22-1487252).
Questions about MORRISTOWN-BEARD SCHOOL
- What is the EIN of MORRISTOWN-BEARD SCHOOL?
- The employer identification number (EIN) of MORRISTOWN-BEARD SCHOOL is 22-1487252.
- Is MORRISTOWN-BEARD SCHOOL tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1943.
- Are donations to MORRISTOWN-BEARD SCHOOL tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does MORRISTOWN-BEARD SCHOOL file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of MORRISTOWN-BEARD SCHOOL due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did MORRISTOWN-BEARD SCHOOL last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of MORRISTOWN-BEARD SCHOOL?
- The 990 for the year ended June 30, 2025 names PHILICIA G LEVINSON.
- Who are the officers and directors of MORRISTOWN-BEARD SCHOOL?
- The 990 for the year ended June 30, 2025 lists 27 people; 10 received compensation from the organization, the highest $500,064 (ELIZABETH MORRISON, HEAD OF SCHOOL THRU JUNE 2025).
- How much revenue does MORRISTOWN-BEARD SCHOOL have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $41,455,342, expenses of $37,721,121 and total assets of $84,170,096 at year end.
Other nonprofits in MORRISTOWN
- SAINT ELIZABETH UNIVERSITY EIN 22-1529785 · last filed 990 for 2025
- RABBINICAL COLLEGE OF AMERICA EIN 22-6017975 · last filed 990 for 2025
- UNITY CHARTER SCHOOL EIN 22-3493409 · last filed 990 for 2025
- WINDSOR BERGEN ACADEMY INC EIN 22-3167842 · last filed 990 for 2025
- THE RED OAKS SCHOOL INC EIN 22-1815493 · last filed 990 for 2025
- SHEPARD SCHOOL INC EIN 22-3106512 · last filed 990 for 2025
- PRESCHOOL ADVANTAGE INC EIN 22-3360099 · last filed 990 for 2024
- MORRIS EDUCATIONAL FOUNDATION INCORPORATED EIN 22-3205909 · last filed 990 for 2025