2026-03-12T09:57:55-05:00 2025-06-30 331374517 PKF O'CONNOR DAVIES ADVISORY LLC 500 MAMARONECK AVENUE SUITE 301 HARRISON NY 105281633 990 2024-07-01 221487171 ELISABETH MORROW SCHOOL INC ELIS 2015685566 435 LYDECKER STREET ENGLEWOOD NJ 07631 MINELLY SALADIN CHIEF FINANCIAL & OPERATING OFFICER 2015685566 2026-03-12 1 1 MELISSA MODELSON P01603524 9143818900 2026-03-11 2024 2025-03-06 01:10:19Z MINELLY SALADIN 435 LYDECKER STREET ENGLEWOOD NJ 07631 20942311 0 X WWW.ELISABETHMORROW.ORG X 1930 NJ TO PROVIDE CHALLENGING ACADEMIC PROGRAMS TO CHILDREN FROM 2 YEARS OLD TO 8TH GRADE. 15 15 251 142 0 0 1162297 1205161 18865631 19331027 160563 188705 62600 43578 20251091 20768471 2317815 2453449 0 0 13460072 14078120 0 0 691835 4278019 4365708 20055906 20897277 195185 -128806 50479511 53264240 8491985 9140214 41987526 44124026 TO PROVIDE EXEMPLARY ACADEMICS AND CHARACTER DEVELOPMENT IN A DIVERSE AND INCLUSIVE CHILD-CENTERED COMMUNITY, INSPIRING STUDENTS TO BECOME CURIOUS SCHOLARS, ETHICAL LEADERS, AND GLOBAL CITIZENS. 0 0 16326569 2453449 19331027 THE ORGANIZATION OPERATES A PRIVATE PRIMARY SCHOOL PROGRAM FOR GRADES PRESCHOOL THROUGH GRADE EIGHT. 16326569 1 1 0 0 0 0 0 0 0 1 1 1 0 1 1 1 1 0 1 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 63 0 251 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 15 15 0 0 1 0 0 0 0 1 1 0 0 0 1 1 1 0 1 1 0 0 X MAREK BECK 2015685566 435 LYDECKER STREET ENGLEWOOD NJ 07631 ELIZABETH GABBAY PRESIDENT 2.00 0.00 X X 0 0 0 DANA RANAWAT 1ST VICE PRESIDENT 2.00 0.00 X X 0 0 0 ROBIN DILLARD 2ND VICE PRESIDENT 2.00 0.00 X X 0 0 0 GREGORY AMERKANIAN TREASURER 2.00 0.00 X X 0 0 0 SIMONA KORIK-BARRETT SECRETARY 2.00 0.00 X X 0 0 0 LAUREN APGAR TRUSTEE 2.00 0.00 X 0 0 0 ANGELA CHANG TRUSTEE 2.00 0.00 X 0 0 0 CANDACE GONZALEZ TRUSTEE 2.00 0.00 X 0 0 0 JASON KIM TRUSTEE 2.00 0.00 X 0 0 0 HEESUN LHO TRUSTEE 2.00 0.00 X 0 0 0 JAMIL MYRIE TRUSTEE 2.00 0.00 X 0 0 0 JENNIFER OSTFELD TRUSTEE 2.00 0.00 X 0 0 0 LILLIAN PIEN TRUSTEE 2.00 0.00 X 0 0 0 JEFFREY ROWBOTTOM TRUSTEE 2.00 0.00 X 0 0 0 ALFONSO WALLER TRUSTEE 2.00 0.00 X 0 0 0 MAREK BECK HEAD OF SCHOOL 35.00 0.00 X 396966 0 118425 MIKE VIRZI CHIEF OPERATING OFFICER THRU DEC 2024 35.00 0.00 X 246196 0 23329 AMELIA GOLD ASSOCIATE HEAD OF SCHOOL & ARTS DEPT. CHAIR 35.00 0.00 X 292031 0 79508 HANITA WALIA DIRECTOR OF INSTITUTIONAL ADVANCEMENT 35.00 0.00 X 241121 0 12372 JED SILVERSTEIN MIDDLE SCHOOL HEAD & DIR. OF SECONDARY PLACEMENT 35.00 0.00 X 241692 0 48349 K PERNIA DIRECTOR OF HUMAN RESOURCES 35.00 0.00 X 152892 0 37798 MELANIE REICH CONTROLLER 35.00 0.00 X 141841 0 23865 JAMES KANAL ASSISTANT DIR. OF THE ARTS 35.00 0.00 X 183243 0 5283 1895982 0 348929 23 0 1 0 THE LEEGIS GROUP INC 277 WEST CLAY AVENUE ROSELLE PARK NJ 07204 GENERAL CONTRACTOR 567268 RAINBOW TRANSPORTATION CO 51 LEGION DRIVE 1 BERGENFIELD NJ 07621 TRANSPORTATION 227760 HEALTHCARE SERVICES GROUP INC 3220 TILLMAN DRIVE SUITE 300 BENSALEM PA 19020 CLEANING SERVICES 187980 DEFAZIO ENTERPRISES LLC PO BOX 6476 HILLSBOROUGH NJ 08844 CLEANING SERVICES 142209 4 335660 200000 26135 643366 182487 1205161 TUITION AND FEES 611710 17629499 17629499 AUXILIARY INCOME 611710 1701528 1701528 19331027 188705 188705 22485 0 22485 22485 22485 171986 335660 173840 -1854 -1854 OTHER REVENUE 900099 15147 15147 BAD DEBT RECOVERY 900099 7800 7800 22947 20768471 19331027 0 232283 2453449 2453449 992235 391901 557406 42928 10166269 8192357 1577688 396224 537595 428582 88087 20926 1466881 1146972 262500 57409 915140 706348 172814 35978 53923 53923 42004 42004 323180 47395 275586 199 181469 9595 154968 16906 154972 53414 87949 13609 322835 194338 102875 25622 216461 181827 32469 2165 571 3 557 11 845882 710541 126882 8459 166721 70905 94430 1386 PROGRAM COSTS 740283 740283 STUDENT BUSING & TRANSP 362532 362532 CUSTODIAL SERVICES AND 344657 288630 52591 3436 OPERATIONS & MAINTENANC 261437 219605 39217 2615 348781 127892 156927 63962 20897277 16326569 3878873 691835 2796229 3445138 3978594 4099430 85958 41930 2943227 91345 273946 223165 35665290 14323475 21025267 21341815 18234827 19665484 1141463 4355933 50479511 53264240 1587823 1652814 6829635 7441647 21211 16636 53316 29117 8491985 9140214 X 30286072 31478196 11701454 12645830 41987526 44124026 50479511 53264240 -128806 2265306 0 X X 0 1 X 0 0 X 4328976 2285701 1159093 1162297 1205161 10141228 4328976 2285701 1159093 1162297 1205161 10141228 787974 9353254 3756 18259 121395 181262 211190 535862 0 0 20747 33194 0 53941 186497 642713 12393 8707 22947 873257 11604288 88213586 0.80600 0.81810 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 18234827 11231 2265318 845892 19665484 16596574 6800 2465427 833974 18234827 15620486 109231 1697580 830723 16596574 18658283 2800 -2271549 769048 15620486 9694634 10358 9326488 373197 11699916 0.36990 0.38160 0.24850 0 0 971800 971800 30054609 11594607 18460002 3787750 2728868 1058882 851131 851131 21341815 COMMON FUND LONG TERM INVESTMENTS 19665484 F 19665484 OTHER RECEIVABLES 4326816 RIGHT-OF-USE ASSET - OPERATING LEASES, NET 29117 4355933 OPERATING LEASE OBLIGATIONS 29117 29117 X 20123201 2265306 79048 2344354 17778847 2989624 2989624 20768471 17986701 79048 79048 17907653 2989624 2989624 20897277 PART V, LINE 4: THE SCHOOL'S ENDOWMENT CONSISTS OF 21 FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES. THESE PURPOSES INCLUDE: PROVIDING FINANCIAL AID, FACULTY DEVELOPMENT, AND TECHNOLOGY SUPPORT FOR THE STUDENTS. PART X, LINE 2: THE SCHOOL RECOGNIZES THE EFFECT OF INCOME TAX POSITIONS ONLY IF THOSE POSITIONS ARE MORE LIKELY THAN NOT TO BE SUSTAINED. MANAGEMENT HAS DETERMINED THAT THE SCHOOL HAD NO UNCERTAIN TAX POSITIONS THAT WOULD REQUIRE FINANCIAL STATEMENT RECOGNITION OR DISCLOSURE. THE SCHOOL IS NO LONGER SUBJECT TO EXAMINATIONS BY THE APPLICABLE TAXING JURISDICTIONS FOR YEARS PRIOR TO JUNE 30, 2022. PART XI, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID NETTED AGAINST REVENUE 2,989,624. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID NETTED AGAINST REVENUE 2,989,624. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 THE SCHOOL POSTS ITS NON DISCRIMINATORY POLICY ON THE SCHOOL'S INTERNET HOMEPAGE. SCHEDULE E, PART I, LINE 6 THE ORGANIZATION RECEIVED ASSISTANCE FROM THE STATE OF NEW JERSEY. GALA 507646 335660 171986 13775 48750 1000 110315 507646 335660 171986 13775 48750 1000 110315 173840 -1854 1 DISCOUNTED TUITION 82 2453449 PART I, LINE 2: THE ELISABETH MORROW SCHOOL USES SCHOOL AND STUDENT SERVICES (SSS) ONLINE SYSTEM TO PROCESS FINANCIAL AID APPLICATIONS. PARENTS OF STUDENTS COMPLETE THE FINANCIAL STATEMENT FORM AND SUBMIT IT TO SSS ALONG WITH THE REQUIRED COPIES OF TAX RETURNS INCLUDING PROOF OF INCOME AND MORTGAGE AND BANK STATEMENTS. SSS PREPARES A NEED-BASED ANALYSIS REPORT WHICH SUGGESTS THE AMOUNT FAMILIES CAN CONTRIBUTE TOWARD EDUCATIONAL COSTS. X 1 0 X X X X 0 0 0 0 0 0 0 1 0 MAREK BECK HEAD OF SCHOOL 351931 0 44828 0 207 0 17250 0 101175 0 515391 0 0 0 AMELIA GOLD ASSOCIATE HEAD OF SCHOOL & ARTS DEPT. CHAIR 291824 0 0 0 207 0 23954 0 55554 0 371539 0 0 0 JED SILVERSTEIN MIDDLE SCHOOL HEAD & DIR. OF SECONDARY PLACEMENT 241144 0 413 0 135 0 11615 0 36734 0 290041 0 0 0 MIKE VIRZI CHIEF OPERATING OFFICER THRU DEC 2024 235989 0 10000 0 207 0 11944 0 11385 0 269525 0 0 0 HANITA WALIA DIRECTOR OF INSTITUTIONAL ADVANCEMENT 240501 0 413 0 207 0 11538 0 834 0 253493 0 0 0 K PERNIA DIRECTOR OF HUMAN RESOURCES 147168 0 5589 0 135 0 11761 0 26037 0 190690 0 0 0 JAMES KANAL ASSISTANT DIR. OF THE ARTS 172573 0 10589 0 81 0 4515 0 768 0 188526 0 0 0 MELANIE REICH CONTROLLER 135658 0 5589 0 594 0 9716 0 14149 0 165706 0 0 0 PART I, LINE 1A THE HEAD OF SCHOOL IS PROVIDED WITH A PERSONAL RESIDENCE. USE OF THE PERSONAL RESIDENCE ON SCHOOL PROPERTY ALLOWS THE HEAD OF SCHOOL TO BE AVAILABLE AT VARIOUS TIMES OF THE DAY, NIGHT, AND WEEKENDS FOR SCHOOL ACTIVITIES; AND TO MEET WITH CURRENT AND PROSPECTIVE STUDENTS, FAMILIES, AND DONORS. USE OF THE RESIDENCE IS A CONDITION OF HIS EMPLOYMENT AND THE BENEFITS ARE PROVIDED FOR THE CONVENIENCE OF THE EMPLOYER. THE BENEFITS ARE TREATED AS NON-TAXABLE UNDER IRC SECTION 119, AND IS INCLUDED IN THE AMOUNT REPORTED IN PART II, COLUMN (D). PART I, LINE 7 THE ORGANIZATION PAID DISCRETIONARY BONUSES TO CERTAIN INDIVIDUALS LISTED IN PART II AS REPORTED IN COLUMN B(II) FOR THE APPLICABLE INDIVIDUALS. X 14 91538 AVG. SELLING PRICE X AUCTION ITEMS 63 64814 COST X TEXTBOOKS & SUPPLIES 1 26135 COST 0 0 0 0 PART I, COLUMN (B): THE ORGANIZATION IS REPORTING THE NUMBER OF CONTRIBUTORS IN PART I, COLUMN (B). FORM 990, PART VI, SECTION A, LINE 4 THE BOARD OF DIRECTORS AMENDED THE BY-LAWS IN OCTOBER 2024 AND JUNE 2025. THE OCTOBER 2024 CHANGES TO THE BY-LAWS STATE THAT ONLY THE BOARD OF DIRECTORS HAS THE POWER TO AUTHORIZE THE USE OF AFFILIATED ORGANIZATIONS AS WELL AS APPROVE THEIR BYLAWS. IN ADDITION, ONLY THE BOARD HAS THE AUTHORITY TO PERMIT THE USE OF EMS IDENTIFYING INTELLECTUAL PROPERTY. FINALLY, THE BYLAWS CHANGED THE QUORUM OF BOARD MEMBERS NEEDED TO APPROVE A TRANSACTION FROM 1/2 THE MEMBERS TO 2/3 OF THE MEMBERS. THE JUNE 2025 REVISIONS TO THE BY-LAWS CHANGED THE NUMBER OF CONSECUTIVE YEARS FOR BOARD MEMBERSHIP FROM TWELVE YEARS TO NINE YEARS. FORM 990, PART VI, SECTION B, LINE 11B THE ORGANIZATION HAS ITS FORM 990 PREPARED BY AN OUTSIDE ACCOUNTING FIRM. IT IS THEN PROVIDED TO ALL MEMBERS OF THE FINANCE COMMITTEE FOR THEIR REVIEW. ALL MEMBERS OF THE BOARD OF TRUSTEES RECEIVE A COMPLETE COPY OF THE 990, WITH THE EXCEPTION OF SCHEDULE B, PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION HAS A WRITTEN CONFLICT OF INTEREST POLICY WHICH APPLIES TO ITS OFFICERS, TRUSTEES, AND KEY EMPLOYEES. SUCH PERSONS ARE REQUIRED TO DISCLOSE ANNUALLY, AND AS THEY MAY ARISE, ANY INTEREST THAT COULD GIVE RISE TO A CONFLICT. DISCLOSURES ARE REVIEWED BY THE ORGANIZATION'S BOARD OF TRUSTEES WHO MAKES THE DETERMINATION AS TO WHETHER THE TRANSACTION INVOLVES A SUBSTANTIAL FINANCIAL INTEREST AND WHETHER TO APPROVE THE TRANSACTION. THE INTERESTED PERSON MUST ABSTAIN FROM THE DISCUSSION AND VOTE ON THE TRANSACTION, AGREEMENT OR ARRANGEMENT. FORM 990, PART VI, SECTION B, LINE 15A ON AN ANNUAL BASIS, THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES DETERMINES THE HEAD OF SCHOOL SALARY WITH GUIDANCE FROM NAIS DATA AND PEER SCHOOL DATA WITH CONSIDERATION FOR LOCATION AND SIZE. ANNUAL ADJUSTMENTS IN THE HOS COMPENSATION ARE DETERMINED ON MEETING THE MUTUALLY AGREED HOS GOALS, RESULTS FROM BOARD OF TRUSTEE EVALUATION AND THE EXECUTIVE COMMITTEE EVALUATION. COMPENSATION OF KEY EMPLOYEES IS DETERMINED DURING THE HIRING PROCESS BY THE HOS WITH COMPARABLE MULTI-YEAR DATA OF SIMILAR ORGANIZATIONS AVAILABLE (NAIS DATA). ANNUAL ADJUSTMENTS FOR KEY EMPLOYEE COMPENSATION IS MADE BY THE HOS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST. FORM 990, PART XII, LINE 2C: THE ORGANIZATION'S ENTIRE BOARD OF DIRECTORS ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF THE ORGANIZATION'S FINANCIAL STATEMENTS AND THE SELECTION OF AN INDEPENDENT ACCOUNTANT. THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. ELISABETH REEVE MORROW MORGAN FOUNDATION 45 ESSEX STREET HACKENSACK NJ 07601 226035428 CHARITABLE SUPPORT NJ 501(C)(3) LINE 12D, III-O N/A 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0