Although New York City has a public school system, some wealthy folks in Manhattan apparently pay the "non-profit" and tax-exempt prep school for young women that's located near East End Avenue and 84th Street in Manhattan, The Chapin School, over $33,000 per year to be allowed inside The Chapin School classrooms. And with assets that exceeded $31 million in 2008, according to its Form 990 financial filing, The Chapin School apparently pays its prep school administrators some hefty annual salaries for preparing its 717 female students for eventual entrance into elite universities like Harvard, Princeton, Yale and Columbia.
In 2008, for example, The Chapin School paid its Head of School $302,257, its Director of Finance $206,609, its Director of Advancement $166,495, its Assistant Head of School $157,254, its Plant Director $132,999, its Head of Middle School $142,721 and its Head of Upper School 128,304, according to its Form 990 financial filing for 2008.
Between 2006 and 2010, 15 Chapin School graduates were accepted by Harvard University, 13 were accepted by Yale University, 14 were accepted by Princeton University, 8 were accepted by Columbia University, 10 were accepted by Dartmouth University, 24 were accepted by Cornell University, 18 were accepted by the University of Pennsylvania, 11 were accepted by Brown University, 3 were accepted by Stanford University, and 4 were accepted by Barnard College. And 15 percent of this prep school's Class of 2009 ended up enrolling at the most exclusive tax-exempt U.S. elite universities.
Coincidentally, the prep school students at The Chapin School apparently can get a lot more individual attention from their teachers than do most New York City public school graduates since the student to teacher ratio at The Chapin School is just 7 to 1, while the student to teacher ratio at most U.S. public schools generally exceeds 17 to 1.
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