The American Boychoir School needs an infusion of $1 million and a new, more affordable location in order to stay open.

In his latest communication with funders and friends of the school, board chairman Rob D’Avanzo has written that the private boarding academy for fourth-to-eighth-grade boys will not begin another school year “unless we know we can finish it. Operating annually without a financial reserve is perilous, no matter how deeply we wish to continue delivering the school’s incredible programming.”

The Plainsboro-based school filed for Chapter 11 bankruptcy last month and began a fundraising campaign that enabled the students to finish out the school year. Approximately $360,000 was brought in the emergency campaign. The school’s Concert Choir toured the country in late April, and the Training Choir performed on a separate tour. Last weekend, graduation was held and the movie “Boychoir,” based on the school, opened at the Garden Theatre.

The American Boychoir School, founded in 1937 in Ohio and relocated to Princeton in 1950, was formerly located in a mansion on Lambert Drive that is currently home to the PRISMS Academy. ABS moved to its Plainsboro campus in 2013.

The board met for six hours to discuss the future following last Sunday’s graduation ceremony. “In the coming weeks, the board will be focused on whether it can secure both acceptable facilities and the financial commitments necessary to restructure the school,” Mr. D’Avanzo’s email reads. “When I wrote to you on April 10, I said that we would need $3 million to continue. Many of you have asked me whether we need all of that money in hand even before we can reopen. We do not, but we believe prudence necessitates that we obtain $1 million of committed funds to consider opening the school next year.”

The email says another update will be provided June 1.