TRUSTEES OF PHILLIPS ACADEMY: Form 990, tax year 2009

View the entire original 990 at ProPublica ↗

Organization: TRUSTEES OF PHILLIPS ACADEMY (EIN 04-2103579)
Tax period: 2009-07-01 to 2010-06-30
Filed: 2011-05-13
IRS object ID: 201131339349301748
Schema version: 2009v1.7
Source: Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header
Form 990
Schedule A
Schedule B
Schedule C
Schedule D
Schedule E
Schedule F
Schedule I
Schedule J
Schedule K
Schedule L
Schedule M
Schedule O
Schedule R

Return header ReturnHeader

Field	Value	IRS element (for citing)
Timestamp	2011-05-13T10:26:16-05:00	Timestamp
Tax Period End Date	2010-06-30	TaxPeriodEndDate

Preparer Firm PreparerFirm

Preparer Firm Business Name PreparerFirmBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	CBIZ Tofias	BusinessNameLine1

Preparer Firm US Address PreparerFirmUSAddress

Field	Value	IRS element (for citing)
Address Line1	350 Massachusetts Avenue	AddressLine1
City	Cambridge	City
State	MA	State
ZIP Code	02139	ZIPCode

Field	Value	IRS element (for citing)
Return Type	990	ReturnType
Tax Period Begin Date	2009-07-01	TaxPeriodBeginDate

Filer Filer

Field	Value	IRS element (for citing)
EIN	042103579	EIN

Name Name

Field	Value	IRS element (for citing)
Business Name Line1	TRUSTEES OF PHILLIPS ACADEMY	BusinessNameLine1

Field	Value	IRS element (for citing)
Name Control	TRUS	NameControl
Phone	9787494000	Phone

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	180 MAIN STREET	AddressLine1
City	ANDOVER	City
State	MA	State
ZIP Code	018104161	ZIPCode

Officer Officer

Field	Value	IRS element (for citing)
Name	Stephen D Carter	Name
Title	Coo & CFO	Title
Phone	9787494000	Phone
Date Signed	2011-05-13	DateSigned
Authorize Third Party	1	AuthorizeThirdParty

Preparer Preparer

Field	Value	IRS element (for citing)
Phone	6177610600	Phone

Field	Value	IRS element (for citing)
Tax Year	2009	TaxYear
Build TS	2016-02-24 21:20:13Z	BuildTS

Form 990 IRS990

Field	Value	IRS element (for citing)
Name Of Principal Officer Person	Barbara L chase	NameOfPrincipalOfficerPerson

Address Principal Officer US AddressPrincipalOfficerUS

Field	Value	IRS element (for citing)
Address Line1	180 MAIN STREET	AddressLine1
City	ANDOVER	City
State	MA	State
ZIP Code	018104161	ZIPCode

Field	Value	IRS element (for citing)
Gross Receipts	319419985	GrossReceipts
Group Return For Affiliates	0	GroupReturnForAffiliates
Organization501c	X	Organization501c
Web Site	www.andover.edu	WebSite
Type Of Organization Corporation	X	TypeOfOrganizationCorporation
Year Formation	1778	YearFormation
State Legal Domicile	MA	StateLegalDomicile
Activity Or Mission Description	PHILLIPS ACADEMY IS A COEDUCATIONAL, RESIDENTIAL SECONDARY SCHOOL LOCATED IN ANDOVER, MASSACHUSETTS FOR STUDENTs IN GRADES NINE THROUGH TWELVE AND POST-GRADUATES. THE SCHOOL STRIVES TO HELP YOUNG PEOPLE FROM DIVERSE BACKGROUNDS ACHIEVE THeiR POTENTIAL NOT ONLY INTELLECTUALLY, BUT ALSO ARTISTICALLY, ATHLETICALLY AND MORALLY, SO THAT THEY MAY LEAD RESPONSIBLE AND FULFULLING LIVES.	ActivityOrMissionDescription
Nbr Voting Members Governing Body	22	NbrVotingMembersGoverningBody
Nbr Independent Voting Members	20	NbrIndependentVotingMembers
Total Nbr Employees	1103	TotalNbrEmployees
Total Nbr Volunteers	2819	TotalNbrVolunteers
Total Gross UBI	-1190652	TotalGrossUBI
Net Unrelated Business Txbl Income	-2060727	NetUnrelatedBusinessTxblIncome
Contributions Grants Prior Year	31433877	ContributionsGrantsPriorYear
Contributions Grants Current Year	35070317	ContributionsGrantsCurrentYear
Program Service Revenue Prior Year	47674864	ProgramServiceRevenuePriorYear
Program Service Revenue CY	48677156	ProgramServiceRevenueCY
Investment Income Prior Year	13224065	InvestmentIncomePriorYear
Investment Income Current Year	34984777	InvestmentIncomeCurrentYear
Other Revenue Prior Year	270355	OtherRevenuePriorYear
Other Revenue Current Year	-1184101	OtherRevenueCurrentYear
Total Revenue Prior Year	92603161	TotalRevenuePriorYear
Total Revenue Current Year	117548149	TotalRevenueCurrentYear
Grants And Similar Amnts Prior Year	16116251	GrantsAndSimilarAmntsPriorYear
Grants And Similar Amnts CY	15850554	GrantsAndSimilarAmntsCY
Benefits Paid To Members CY	0	BenefitsPaidToMembersCY
Salaries Etc Prior Year	49918480	SalariesEtcPriorYear
Salaries Etc Current Year	48784037	SalariesEtcCurrentYear
Total Prof Fundrsng Exp Prior Year	73365	TotalProfFundrsngExpPriorYear
Total Prof Fundrsng Exp CY	2000	TotalProfFundrsngExpCY
Total Fundrsng Exp Current Year	7989858	TotalFundrsngExpCurrentYear
Other Expense Prior Year	33107697	OtherExpensePriorYear
Other Expenses Current Year	33672795	OtherExpensesCurrentYear
Total Expenses Prior Year	99215793	TotalExpensesPriorYear
Total Expenses Current Year	98309386	TotalExpensesCurrentYear
Revenues Less Expenses Prior Year	-6612632	RevenuesLessExpensesPriorYear
Revenues Less Expenses CY	19238763	RevenuesLessExpensesCY
Total Assets BOY	938939200	TotalAssetsBOY
Total Assets EOY	1016005717	TotalAssetsEOY
Total Liabilities BOY	142358068	TotalLiabilitiesBOY
Total Liabilities EOY	145994335	TotalLiabilitiesEOY
Net Assets Or Fund Balances BOY	796581132	NetAssetsOrFundBalancesBOY
Net Assets Or Fund Balances EOY	870011382	NetAssetsOrFundBalancesEOY
Mission Description	Phillips Academy is a coeducational, boarding school located in Andover, Massachusetts for students in grades nine through twelve and post-graduates. The school strives to help young people from diverse backgrounds achieve thier potential not only intellectually, but also artistically, athletically and morally, so that they may lead responsible and fulfulling lives.	MissionDescription
Significant New Program Services	0	SignificantNewProgramServices
Significant Change	0	SignificantChange
Expense	71997687	Expense
Grants	15319150	Grants
Revenue	44881474	Revenue
Description	Education 1,105 Students - Regular Session Grades 9 - 12: Phillips Academy is a residential secondary school which seeks students of intelligence and integrity from diverse cultural, racial, socioeconomic and geographic backgrounds. The school's residential structure enables faculty to support students in their personal, social and intellectual development. The academic program fosters excellence in all disciplines within the liberal arts tradition. Faculty members guide students in mastering skills, acquiring knowledge and thinking critically, creatively and independently. The school strives to help young people achieve their potential not only intellectually, but also artistically, athletically and morally, so that they may lead responsible and fulfilling lives. The Academy is committed to establishing an environment that encourages people of diverse backgrounds and beliefs to understand and respect one another and to be sensitive to the differences of gender, ethnicity, class and sexual orientation. In its programs the school seeks to promote a balance of leadership, cooperation and service, together with a deeper awareness of the global community and natural world. Andover's 1778 constitution charges the Academy to prepare "Youth from Every Quarter" to understand that "Goodness without knowledge is weak ... yet knowledge without goodness is dangerous." This obligation challenges students in mind, body and spirit to see beyond themselves and to go beyond the familiar; to remain committed to developing what is finest in themselves and others, for others and themselves.	Description

Activity2 Activity2

Field	Value	IRS element (for citing)
Expense	2732027	Expense
Grants	337540	Grants
Revenue	3590876	Revenue
Description	Education 558 Students - Summer Session: The Summer Session offers its students five weeks of intensive academic and personal growth. It encompasses demanding classes, recreational afternoon activities, engaging trips to colleges, social and cultural opportunities, and welcoming dormitories that prepare students for collegiate residential life in an environment designed for their age group. In keeping with one of the Academy's ideals "to be a private school with a public purpose", Summer Session strives yearly to increase its financial aid budget in order to offer the experience to ever more qualified and deserving applicants. Summer Session also works cooperatively with other programs such as Summer Search, Minds Matter, The Jack Kent Cooke Foundation, Memphis Prep, Rainier Scholars, and others to identify scholars "from every quarter". Finally, Summer Session provides the umbrella for the other outreach programs that populate the campus during the summer, making sure that their physical and residential needs are met.	Description

Activity3 Activity3

Field	Value	IRS element (for citing)
Expense	587485	Expense
Grants	5164	Grants
Description	Education 109 Students - Math and Science for Minority Students (MS)2: (MS)2, founded in 1977, offers African American, Latino and Native American public school students from targeted cities across the United States the opportunity to immerse themselves in the study of mathematics and science for three consecutive summers at Andover. The program is free to all students accepted and all (MS)2 scholars begin the program the summer following 9th grade; therefore, they must be in 9th grade when they apply. The program provides the scholars with appropriate and rigorous challenges in order to prepare them better for college and careers in engineering, science, medicine, computers, and other technical fields.	Description

Activity Other ActivityOther (5 entries)

ExpenseExpense	GrantsGrants	RevenueRevenue	DescriptionDescription
1000782	34800	204806	total of all other program services
			the institute for recruitment of teachers (irt) addresses the lack of diversity in the nation's teaching faculties by recruiting outstanding students of color and other scholars committed to diversity, counseling them through the graduate school application process, and advocating for sufficient funding for advanced study. annually, the institute recruits and enrolls approximately 100 talented students who are majoring in the humanities, social sciences, or education, to its two distinct programs: the summer workshop for rising and graduating college seniors; and the associate program for college seniors and recent graduates who wish to continue their educational studies. since 1990, the irt has built a national consortium of colleges and universities now totalling 41 institutions that are eager to enroll irt fellows in order to diversify their graduate student bodies and to expand the pipeline of educators to teach, counsel, and administrate in american schools, colleges, and universities. more than 90 percent of participants have received full tuition waivers and partial-to-full fellowship funding for up to six years of graduate study. to date, the irt has worked with over 1,400 students. of that number, over 400 have already received master's degrees and an additional 138 have earned ph.d.s. in the coming decades, a number of these scholars will emerge as leaders in american schools, colleges, and universities.
			Andover Bread Loaf (ABL) Founded in 1987, ABL is based on the Phillips Academy campus. A collaboration between Phillips Academy and the Bread Loaf School of English, Middlebury College's graduate school of English, ABL focuses its work in communities with high poverty rates and particularly urban areas in the United States and internationally. ABL works with U.S. and international teachers and students to enhance the teaching and learning of writing and to help catalyze educational renewal in public school classrooms, schools and school systems. Two summer workshops are at the heart of ABL. The ABL Writing Workshop is a professional development workshop serving 15 - 20 teachers per summer from urban schools in the U.S. The Lawrence Student Writers Workshop is a program for students, enrolling 80-90 Lawrence, Massachusetts public school students every summer. In addition to the work done with teachers and students in the summer, ABL staff work year-round to support program participants in their schools and community organizations, offering workshops, conferences, after-school events, and other similar programs.
			Phillips Academy-Leonard School (PALS) is a two-year educational enrichment program for seventh- and eighth-grade students from Lawrence, MA, who are teacher-recommended as academically capable, top in their classes in school, and self-motivated. PALS serves up to 40 students annually from the Leonard, Parthum, Oliver and South Lawrence East Schools. During the academic year, this program operates under the auspices of the Academy's Community Service program. The summer program is separately funded providing four weeks of academic enrichment for these students. Each year a number of these students are admitted to private schools to further their academic and personal growth.
			The Andover Soccer Camp provides a safe, affordable and enjoyable soccer camp experience for young people from Andover and the surrounding communities. The camp offers first-rate soccer instruction and utilizes the numerous campus resources at Phillips Academy. The camp stresses individual skill-building, fitness and health training, and team-building exercises.

Field	Value	IRS element (for citing)
Total Of Other Program Service Exp	1000782	TotalOfOtherProgramServiceExp
Total Of Other Program Service Grnt	34800	TotalOfOtherProgramServiceGrnt
Total Of Other Program Service Rev	204806	TotalOfOtherProgramServiceRev
Total Program Service Expense	76317981	TotalProgramServiceExpense
Described In501 C3	1	DescribedIn501C3
Schedule B Required	1	ScheduleBRequired
Political Activities	0	PoliticalActivities
Lobbying Activities	1	LobbyingActivities
Donor Advised Funds	0	DonorAdvisedFunds
Conservation Easements	0	ConservationEasements
Collections Of Art	1	CollectionsOfArt
Credit Counseling	0	CreditCounseling
Term Or Permanent Endowments	1	TermOrPermanentEndowments
Balance Sheet Amounts Reported	1	BalanceSheetAmountsReported
Independent Audit Financial Stmt	1	IndependentAuditFinancialStmt
Consolidated Audit Financial Stmt	0	ConsolidatedAuditFinancialStmt
School	1	School
Foreign Office	0	ForeignOffice
Foreign Activities	1	ForeignActivities
More Than5000 K To Organizations	0	MoreThan5000KToOrganizations
More Than5000 K To Individuals	0	MoreThan5000KToIndividuals
Professional Fundraising	0	ProfessionalFundraising
Fundraising Activities	0	FundraisingActivities
Gaming	0	Gaming
Hospital	0	Hospital
Grants To Organizations	1	GrantsToOrganizations
Grants To Individuals	1	GrantsToIndividuals
Schedule J Required	1	ScheduleJRequired
Tax Exempt Bonds	1	TaxExemptBonds
Invest Tax Exempt Bonds	0	InvestTaxExemptBonds
Escrow Account	0	EscrowAccount
On Behalf Of Issuer	0	OnBehalfOfIssuer
Excess Benefit Transaction	0	ExcessBenefitTransaction
Prior Excess Benefit Transaction	0	PriorExcessBenefitTransaction
Loan To Officer Or DQP	1	LoanToOfficerOrDQP
Grant To Related Person	1	GrantToRelatedPerson
Bsnss Rltnshp With Organization	1	BsnssRltnshpWithOrganization
Bsnss Rltnshp Thru Family Member	1	BsnssRltnshpThruFamilyMember
Officer Entity With Bsnss Rltnshp	1	OfficerEntityWithBsnssRltnshp
Deductible Non Cash Contributions	1	DeductibleNonCashContributions
Deductible Contributions Of Art	1	DeductibleContributionsOfArt
Terminated	0	Terminated
Partial Liquidation	0	PartialLiquidation
Disregarded Entity	0	DisregardedEntity
Related Entity	1	RelatedEntity
Related Org Controlled Entity	1	RelatedOrgControlledEntity
Transfers To Exempt Non Chrtbl Org	0	TransfersToExemptNonChrtblOrg
Activities Conducted Partnership	0	ActivitiesConductedPartnership
Schedule O Required	1	ScheduleORequired
Number Forms Transmitted With1096	369	NumberFormsTransmittedWith1096
Number W2 G Included	0	NumberW2GIncluded
Compliance With Backup Witholding	1	ComplianceWithBackupWitholding
Number Of Employees	1103	NumberOfEmployees
Employment Tax Returns Filed	1	EmploymentTaxReturnsFiled
Unrelated Business Income	1	UnrelatedBusinessIncome
Form990-T Filed	1	Form990-TFiled
Foreign Financial Account	0	ForeignFinancialAccount
Prohibited Tax Shelter Trans	0	ProhibitedTaxShelterTrans
Taxable Party Notification	0	TaxablePartyNotification
Non Deductible Contributions	0	NonDeductibleContributions
Quid Pro Quo Contributions	0	QuidProQuoContributions
Form8282 Property Disposed Of	0	Form8282PropertyDisposedOf
Funds To Pay Premiums	0	FundsToPayPremiums
Premiums Paid	0	PremiumsPaid
Nbr Voting Governing Body Members	22	NbrVotingGoverningBodyMembers
Number Independent Voting Members	20	NumberIndependentVotingMembers
Family Or Business Relationship	1	FamilyOrBusinessRelationship
Delegation Of Management Duties	0	DelegationOfManagementDuties
Changes To Organizing Docs	0	ChangesToOrganizingDocs
Material Diversion Or Misuse	0	MaterialDiversionOrMisuse
Members Or Stockholders	0	MembersOrStockholders
Election Of Board Members	0	ElectionOfBoardMembers
Decisions Subject To Approval	0	DecisionsSubjectToApproval
Minutes Of Governing Body	1	MinutesOfGoverningBody
Minutes Of Committees	0	MinutesOfCommittees
Officer Mailing Address	0	OfficerMailingAddress
Local Chapters	0	LocalChapters
Form990 Provided To Governing Body	1	Form990ProvidedToGoverningBody
Conflict Of Interest Policy	1	ConflictOfInterestPolicy
Annual Disclosure Covered Persons	1	AnnualDisclosureCoveredPersons
Regular Monitoring Enforcement	1	RegularMonitoringEnforcement
Whistleblower Policy	1	WhistleblowerPolicy
Document Retention Policy	1	DocumentRetentionPolicy
Compensation Process CEO	1	CompensationProcessCEO
Compensation Process Other	1	CompensationProcessOther
Investment In Joint Venture	0	InvestmentInJointVenture
States Where Copy Of Return Is Filed	MA	StatesWhereCopyOfReturnIsFiled
States Where Copy Of Return Is Filed	ME	StatesWhereCopyOfReturnIsFiled
Upon Request	X	UponRequest

The Books Are In Care Of TheBooksAreInCareOf

Field	Value	IRS element (for citing)
Name Person	Elliot HACKER	NamePerson
Telephone Number	9787494000	TelephoneNumber

Address US AddressUS

Field	Value	IRS element (for citing)
Address Line1	Phillips Academy 180 main st	AddressLine1
City	Andover	City
State	MA	State
ZIP Code	018104161	ZIPCode

Form990 Part VII Section A Form990PartVIISectionA (34 entries)

TitleTitle	Average Hours Per WeekAverageHoursPerWeek	Individual Trustee Or DirectorIndividualTrusteeOrDirector	OfficerOfficer	Reportable Comp From OrganizationReportableCompFromOrganization	Reportable Comp From Related OrgsReportableCompFromRelatedOrgs	Other CompensationOtherCompensation	Key EmployeeKeyEmployee	Highest Compensated EmployeeHighestCompensatedEmployee
Barbara L Chase
head of school, trustee	60.00	X	X	375847	0	183180
Daniel P Cunningham
trustee	3.00	X		0	0	0
Peter LS Currie
trustee	3.00	X		0	0	0
louis g elson
trustee	3.00	X		0	0	0
Shelly D Guyer
trustee	3.00	X		0	0	0
thomas c israel
trustee, treasurer	4.00	X	X	0	0	0
Mollie L Lasater
trustee	3.00	X		0	0	0
chien lee
trustee	3.00	X		0	0	0
gary lee
trustee	3.00	X		0	0	0
william m lewis jr
trustee	3.00	X		0	0	0
Scott Mead
trustee	3.00	X		0	0	0
tammy snyder murphy
trustee	3.00	X		0	0	0
Stephen C Sherrill
trustee	3.00	X		0	0	0
Stanley S Shuman
trustee	3.00	X		0	0	0
Joshua L Steiner
trustee	3.00	X		0	0	0
oscar l tang
trustee, president	4.00	X	X	0	0	0
susan urie donahue
alumni Trustee	3.00	X		0	0	0
george r ireland
alumni Trustee	3.00	X		0	0	0
Susanna A Jones
alumni Trustee	3.00	X		0	0	0
Michael Schmertzler
alumni Trustee	3.00	X		0	0	0
mary-ann somers
alumni Trustee	3.00	X		0	0	0
ronald takvorian MD
alumni Trustee	3.00	X		0	0	0
stephen d carter
CO&FO	55.00		X	222002	0	75928
Amy c Falls
Chief Investment Officer	55.00			494063	0	28829	X
Peter R Ramsey
Secretary of the Academy	55.00			275452	0	53375	X
Temba T Maqubela
Asst. Head/Dean of FACulty	55.00			196876	0	112534	X
rebecca m sykes
assoc. head of school	55.00			196641	0	77648	X
JANE F FRIED
ASST. HEAD/DEAN of ADMissions	55.00			191024	0	76725	X
brian t allen
dir., addison gallery of amer. art	55.00			164146	0	26276	X
david a flash
dir. of gift planning	55.00			174864	0	20170		X
Michael R Reist
director of investments	55.00			185979	0	21061		X
luanne m kirwin
dir. of development	55.00			154517	0	20178		X
christine m adams
campaign director	55.00			168960	0	21876		X
richard j keller
school physician	55.00			154551	0	59676		X

Field	Value	IRS element (for citing)
Total Reportable Comp From Org	2954922	TotalReportableCompFromOrg
Total Reportable Comp Frm Rltd Orgs	0	TotalReportableCompFrmRltdOrgs
Total Other Compensation	777456	TotalOtherCompensation
Number Individuals GT100 K	36	NumberIndividualsGT100K
Formers Listed	0	FormersListed
Total Comp GT150 K	1	TotalCompGT150K
Compensation From Other Sources	0	CompensationFromOtherSources

Contractor Compensation ContractorCompensation (5 entries)

Address Line1AddressOfContractor/AddressUS/AddressLine1	CityAddressOfContractor/AddressUS/City	StateAddressOfContractor/AddressUS/State	ZIP CodeAddressOfContractor/AddressUS/ZIPCode	Description Of ServicesDescriptionOfServices	CompensationCompensation
erland construction inc
83 2nd ave	burlington	MA	01803	Construction Management	6754530
shawmut design & Construction
560 harrison ave	boston	MA	02118	Construction Management	5186123
aramark corporation
1101 market street	philadelphia	PA	19107	dining hall services	4971854
consigli construction co inc
197 main st	milford	MA	017572607	Construction Management	980033
monticello assoc inc
1200 17th st ste 2600	denver	CO	80202	investment consultant	250000

Field	Value	IRS element (for citing)
Number Of Contractors GT100 K	23	NumberOfContractorsGT100K
Government Grants	7560	GovernmentGrants
All Other Contributions	35062757	AllOtherContributions
Noncash Contributions	1828856	NoncashContributions
Total Contributions	35070317	TotalContributions

Program Service Revenue ProgramServiceRevenue (2 entries)

DescriptionDescription	Business CodeBusinessCode	Total Revenue ColumnTotalRevenueColumn	Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome
Tuition and fees	900099	46087191	46087191
Other Income	900099	2589965	2589965

Field	Value	IRS element (for citing)
Total Program Service Revenue	48677156	TotalProgramServiceRevenue

Investment Income InvestmentIncome

Field	Value	IRS element (for citing)
Total Revenue Column	4396989	TotalRevenueColumn
Exclusion	$4,396,989	ExclusionAmount

Gross Amount Sales Assets GrossAmountSalesAssets

Field	Value	IRS element (for citing)
Securities	232438635	Securities

Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses

Field	Value	IRS element (for citing)
Securities	201850847	Securities

Gain Or Loss GainOrLoss

Field	Value	IRS element (for citing)
Securities	30587788	Securities

Net Gain Or Loss Investments NetGainOrLossInvestments

Field	Value	IRS element (for citing)
Total Revenue Column	30587788	TotalRevenueColumn
Exclusion	$30,587,788	ExclusionAmount

Field	Value	IRS element (for citing)
Gross Sales Of Inventory	27540	GrossSalesOfInventory
Cost Of Goods Sold	20989	CostOfGoodsSold

Net Income Or Loss NetIncomeOrLoss

Field	Value	IRS element (for citing)
Total Revenue Column	6551	TotalRevenueColumn
Related Or Exempt Function Income	6551	RelatedOrExemptFunctionIncome

Other Revenue Misc OtherRevenueMisc (3 entries)

DescriptionDescription	Business CodeBusinessCode	Total Revenue ColumnTotalRevenueColumn	Unrelated Business RevenueUnrelatedBusinessRevenue
Hockey Rink/courts Ren	713940	437419	437419
Child Care Center	624410	96219	96219
income from partnershi	525990	-1726914	-1726914

Miscellaneous Revenue MiscellaneousRevenue

Field	Value	IRS element (for citing)
Total Revenue Column	2624	TotalRevenueColumn
Unrelated Business Revenue	2624	UnrelatedBusinessRevenue

Field	Value	IRS element (for citing)
Total Other Revenue	-1190652	TotalOtherRevenue

Total Revenue TotalRevenue

Field	Value	IRS element (for citing)
Total Revenue Column	117548149	TotalRevenueColumn
Related Or Exempt Function Income	48683707	RelatedOrExemptFunctionIncome
Unrelated Business Revenue	-1190652	UnrelatedBusinessRevenue
Exclusion	$34,984,777	ExclusionAmount

Grants To Domestic Orgs GrantsToDomesticOrgs

Field	Value	IRS element (for citing)
Total	153900	Total
Program Services	153900	ProgramServices

Grants To Domestic Individuals GrantsToDomesticIndividuals

Field	Value	IRS element (for citing)
Total	15696654	Total
Program Services	15696654	ProgramServices

Comp Current Officers Directors CompCurrentOfficersDirectors

Field	Value	IRS element (for citing)
Total	2867243	Total
Program Services	318673	ProgramServices
Management And General	1985460	ManagementAndGeneral
Fundraising	563110	Fundraising

Comp Disqual Persons CompDisqualPersons

Field	Value	IRS element (for citing)
Total	312647	Total
Program Services	194250	ProgramServices
Fundraising	118397	Fundraising

Other Salaries And Wages OtherSalariesAndWages

Field	Value	IRS element (for citing)
Total	36502793	Total
Program Services	26908084	ProgramServices
Management And General	6024409	ManagementAndGeneral
Fundraising	3570300	Fundraising

Pension Plan Contributions PensionPlanContributions

Field	Value	IRS element (for citing)
Total	3203492	Total
Program Services	2413481	ProgramServices
Management And General	499024	ManagementAndGeneral
Fundraising	290987	Fundraising

Other Employee Benefits OtherEmployeeBenefits

Field	Value	IRS element (for citing)
Total	3007660	Total
Program Services	2336823	ProgramServices
Management And General	360773	ManagementAndGeneral
Fundraising	310064	Fundraising

Payroll Taxes PayrollTaxes

Field	Value	IRS element (for citing)
Total	2890202	Total
Program Services	2055973	ProgramServices
Management And General	524097	ManagementAndGeneral
Fundraising	310132	Fundraising

Fees For Services Legal FeesForServicesLegal

Field	Value	IRS element (for citing)
Total	156857	Total
Management And General	156857	ManagementAndGeneral

Fees For Services Accounting FeesForServicesAccounting

Field	Value	IRS element (for citing)
Total	114497	Total
Management And General	114497	ManagementAndGeneral

Fees For Services Lobbying FeesForServicesLobbying

Field	Value	IRS element (for citing)
Total	900	Total
Management And General	900	ManagementAndGeneral

Fees For Services Prof Fundraising FeesForServicesProfFundraising

Field	Value	IRS element (for citing)
Total	2000	Total
Fundraising	2000	Fundraising

Fees For Services Invst Mgmnt Fees FeesForServicesInvstMgmntFees

Field	Value	IRS element (for citing)
Total	1162438	Total
Management And General	1162438	ManagementAndGeneral

Fees For Services Other FeesForServicesOther

Field	Value	IRS element (for citing)
Total	95149	Total
Program Services	91198	ProgramServices
Management And General	2850	ManagementAndGeneral
Fundraising	1101	Fundraising

Advertising Advertising

Field	Value	IRS element (for citing)
Total	93421	Total
Program Services	93421	ProgramServices

Office Expenses OfficeExpenses

Field	Value	IRS element (for citing)
Total	4787468	Total
Program Services	3190025	ProgramServices
Management And General	813442	ManagementAndGeneral
Fundraising	784001	Fundraising

Information Technology InformationTechnology

Field	Value	IRS element (for citing)
Total	335680	Total
Program Services	167840	ProgramServices
Management And General	100704	ManagementAndGeneral
Fundraising	67136	Fundraising

Royalties Royalties

Field	Value	IRS element (for citing)
Total	44499	Total
Program Services	44499	ProgramServices

Occupancy Occupancy

Field	Value	IRS element (for citing)
Total	3783197	Total
Program Services	3347746	ProgramServices
Management And General	371972	ManagementAndGeneral
Fundraising	63479	Fundraising

Travel Travel

Field	Value	IRS element (for citing)
Total	649296	Total
Program Services	367629	ProgramServices
Management And General	53570	ManagementAndGeneral
Fundraising	228097	Fundraising

Conferences Meetings ConferencesMeetings

Field	Value	IRS element (for citing)
Total	471597	Total
Program Services	217596	ProgramServices
Management And General	87218	ManagementAndGeneral
Fundraising	166783	Fundraising

Interest Interest

Field	Value	IRS element (for citing)
Total	4139041	Total
Program Services	3153723	ProgramServices
Management And General	702838	ManagementAndGeneral
Fundraising	282480	Fundraising

Depreciation Depletion DepreciationDepletion

Field	Value	IRS element (for citing)
Total	7099664	Total
Program Services	6028070	ProgramServices
Management And General	924855	ManagementAndGeneral
Fundraising	146739	Fundraising

Insurance Insurance

Field	Value	IRS element (for citing)
Total	679817	Total
Program Services	558016	ProgramServices
Management And General	87419	ManagementAndGeneral
Fundraising	34382	Fundraising

Other Expenses OtherExpenses (5 entries)

DescriptionDescription	TotalTotal	Program ServicesProgramServices	FundraisingFundraising
Replacement & Renewal	3245902	3245902
Food Service	1921233	1921233
Instruction	1620890	1620890
Office of Academy Resou	1049488		1049488
physical plant	760103	760103

All Other Expenses AllOtherExpenses

Field	Value	IRS element (for citing)
Total	1461658	Total
Program Services	1432252	ProgramServices
Management And General	28224	ManagementAndGeneral
Fundraising	1182	Fundraising

Total Functional Expenses TotalFunctionalExpenses

Field	Value	IRS element (for citing)
Total	98309386	Total
Program Services	76317981	ProgramServices
Management And General	14001547	ManagementAndGeneral
Fundraising	7989858	Fundraising

Savings And Temp Cash Investments SavingsAndTempCashInvestments

Field	Value	IRS element (for citing)
BOY	3906289	BOY
EOY	10810084	EOY

Pledges And Grants Receivable PledgesAndGrantsReceivable

Field	Value	IRS element (for citing)
BOY	39095309	BOY
EOY	46996518	EOY

Accounts Receivable AccountsReceivable

Field	Value	IRS element (for citing)
BOY	397993	BOY
EOY	247516	EOY

Receivables From Officers Etc ReceivablesFromOfficersEtc

Field	Value	IRS element (for citing)
BOY	918931	BOY
EOY	526430	EOY

Other Notes Loans Receivable Net OtherNotesLoansReceivableNet

Field	Value	IRS element (for citing)
BOY	826486	BOY
EOY	971836	EOY

Inventories For Sale Or Use InventoriesForSaleOrUse

Field	Value	IRS element (for citing)
BOY	527298	BOY
EOY	521454	EOY

Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges

Field	Value	IRS element (for citing)
BOY	3167026	BOY
EOY	3510773	EOY

Field	Value	IRS element (for citing)
Land Buildings Equipment Basis	294358957	LandBuildingsEquipmentBasis
Land Bldg Equipment Accum Deprec	71590012	LandBldgEquipmentAccumDeprec

Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet

Field	Value	IRS element (for citing)
BOY	212394219	BOY
EOY	222768945	EOY

Investments Pub Traded Securities InvestmentsPubTradedSecurities

Field	Value	IRS element (for citing)
BOY	127764400	BOY
EOY	136365559	EOY

Investments Other Securities InvestmentsOtherSecurities

Field	Value	IRS element (for citing)
BOY	545485084	BOY
EOY	575396990	EOY

Investments Program Related InvestmentsProgramRelated

Field	Value	IRS element (for citing)
BOY	931103	BOY
EOY	670473	EOY

Other Assets Total OtherAssetsTotal

Field	Value	IRS element (for citing)
BOY	3525062	BOY
EOY	17219139	EOY

Total Assets TotalAssets

Field	Value	IRS element (for citing)
BOY	938939200	BOY
EOY	1016005717	EOY

Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses

Field	Value	IRS element (for citing)
BOY	12715850	BOY
EOY	14113975	EOY

Deferred Revenue DeferredRevenue

Field	Value	IRS element (for citing)
BOY	19605625	BOY
EOY	19957618	EOY

Tax Exempt Bond Liabilities TaxExemptBondLiabilities

Field	Value	IRS element (for citing)
BOY	98520000	BOY
EOY	97205000	EOY

Other Liabilities OtherLiabilities

Field	Value	IRS element (for citing)
BOY	11516593	BOY
EOY	14717742	EOY

Total Liabilities TotalLiabilities

Field	Value	IRS element (for citing)
BOY	142358068	BOY
EOY	145994335	EOY

Field	Value	IRS element (for citing)
Follow SFAS117	X	FollowSFAS117

Unrestricted Net Assets UnrestrictedNetAssets

Field	Value	IRS element (for citing)
BOY	269778214	BOY
EOY	287463264	EOY

Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets

Field	Value	IRS element (for citing)
BOY	276114685	BOY
EOY	315510889	EOY

Permanently Restricted Net Assets PermanentlyRestrictedNetAssets

Field	Value	IRS element (for citing)
BOY	250688233	BOY
EOY	267037229	EOY

Total Net Assets Fund Balances TotalNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	796581132	BOY
EOY	870011382	EOY

Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	938939200	BOY
EOY	1016005717	EOY

Field	Value	IRS element (for citing)
Method Of Accounting Accrual	X	MethodOfAccountingAccrual
Accountant Compile Or Review	0	AccountantCompileOrReview
FS Audited	1	FSAudited
Audit Committee	1	AuditCommittee
Financial Statement Separate	X	FinancialStatementSeparate
Federal Grant Audit Required	0	FederalGrantAuditRequired

Schedule A IRS990ScheduleA

Field	Value	IRS element (for citing)
School170b1 Aii	X	School170b1Aii

Schedule B IRS990ScheduleB

Contributor Info ContributorInfo

Field	Value	IRS element (for citing)
Contributor Number	RESTRICTED	ContributorNumber

Contributor Name Business ContributorNameBusiness

Field	Value	IRS element (for citing)
Business Name Line1	RESTRICTED	BusinessNameLine1

Contributor Address US ContributorAddressUS

Field	Value	IRS element (for citing)
Address Line1	RESTRICTED	AddressLine1
Address Line2	RESTRICTED	AddressLine2
City	RESTRICTED	City
State	RESTRICTED	State
ZIP Code	RESTRICTED	ZIPCode

Field	Value	IRS element (for citing)
Aggregate Contributions	RESTRICTED	AggregateContributions

Schedule C IRS990ScheduleC

Field	Value	IRS element (for citing)
Volunteers	0	Volunteers
Paid Staff Or Management	0	PaidStaffOrManagement
Media Advertisements	0	MediaAdvertisements
Mailings Members	0	MailingsMembers
Publications Or Broadcast	0	PublicationsOrBroadcast
Grants Other Organizations	0	GrantsOtherOrganizations
Direct Contact Legislators	0	DirectContactLegislators
Rallies Demonstrations	0	RalliesDemonstrations
Other Activities	1	OtherActivities
Other Activities	$900	OtherActivitiesAmount
Total Lobbying Expenditures IIB	900	TotalLobbyingExpendituresIIB
Not Described In501c3	0	NotDescribedIn501c3

Form990 Schedule C Part IV Form990ScheduleCPartIV

Field	Value	IRS element (for citing)
Identifier	Part II-B, Line 1i:	Identifier
Return Reference	Explanation of Other Lobbying Activities:	ReturnReference
Explanation	The academy pays membership dues totaling $900 to an organization which may engage in lobbying activities. therefore, a portion of the dues may be attributable to lobbying activities.	Explanation

Schedule D IRS990ScheduleD

Field	Value	IRS element (for citing)
Collect Used For Public Exhibition	X	CollectUsedForPublicExhibition
Collect Used For Scholar Research	X	CollectUsedForScholarResearch
Collect Used For Preservation	X	CollectUsedForPreservation
Collect Used For Loan Or Exch Prgrms	X	CollectUsedForLoanOrExchPrgrms
Solicited Assets For Sale	0	SolicitedAssetsForSale

Current Year CurrentYear

Field	Value	IRS element (for citing)
Beginning Of Year Balance	621185698	BeginningOfYearBalance
Contributions	20370772	Contributions
Investment Earnings Or Losses	88775296	InvestmentEarningsOrLosses
Grants Or Scholarships	10902048	GrantsOrScholarships
Other Expenditures	26007245	OtherExpenditures
End Of Year Balance	693422473	EndOfYearBalance

Current Year Minus1 Year CurrentYearMinus1Year

Field	Value	IRS element (for citing)
Beginning Of Year Balance	778477208	BeginningOfYearBalance
Contributions	6778003	Contributions
Investment Earnings Or Losses	-124048818	InvestmentEarningsOrLosses
Grants Or Scholarships	12172240	GrantsOrScholarships
Other Expenditures	27848455	OtherExpenditures
End Of Year Balance	621185698	EndOfYearBalance

Field	Value	IRS element (for citing)
Board Designated EOY Balance	0.26900	BoardDesignatedEOYBalance
Permanent Endowment EOY Balance	0.73100	PermanentEndowmentEOYBalance
Term Endowment EOY Balance	0.00000	TermEndowmentEOYBalance
Endowments Held By Unrelated Orgs	1	EndowmentsHeldByUnrelatedOrgs
Endowments Held By Related Orgs	0	EndowmentsHeldByRelatedOrgs

Land Land

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	305458	OtherCostOrOtherBasis
Book Value	305458	BookValue

Buildings Buildings

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	263719408	OtherCostOrOtherBasis
Depreciation	63073864	Depreciation
Book Value	200645544	BookValue

Equipment Equipment

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	6485813	OtherCostOrOtherBasis
Depreciation	2813895	Depreciation
Book Value	3671918	BookValue

Other Land Buildings OtherLandBuildings

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	23848278	OtherCostOrOtherBasis
Depreciation	5702253	Depreciation
Book Value	18146025	BookValue

Field	Value	IRS element (for citing)
Total Of Book Value Land Buildings	222768945	TotalOfBookValueLandBuildings

Other Securities OtherSecurities (7 entries)

DescriptionDescription	Book ValueBookValue	Method Of ValuationMethodOfValuation
private real assets, absolute return, other	92188960	F
cash and cash equivalents	1750535	F
domestic equities	9402138	F
international equities	77923934	F
hedge funds	280554957	F
private equity and venture capital	93944213	F
real estate	19632253	F

Field	Value	IRS element (for citing)
Total Of Book Value Securities	575396990	TotalOfBookValueSecurities

Other Liabilities OtherLiabilities (3 entries)

DescriptionDescription	AmountAmount
Asset Retirement Obligation	$1,759,512
Interest Rate Swaps	$11,449,832
premium on bonds payable	$1,508,398

Field	Value	IRS element (for citing)
Total Of Amounts	14717742	TotalOfAmounts
Total Revenue	117548149	TotalRevenue
Total Expenses	98309386	TotalExpenses
Excess Or Deficit For Year	19238763	ExcessOrDeficitForYear
Net Unrealized GL On Investments	57634502	NetUnrealizedGLOnInvestments
Other	-$3,443,015	OtherAmount
Total Adjustments	54191487	TotalAdjustments
Excess Or Deficit Per FS	73430250	ExcessOrDeficitPerFS
Tot Revenue Etc Audited Fincl Stmt	154998702	TotRevenueEtcAuditedFinclStmt
Net Unrealized Gains Investments	57634502	NetUnrealizedGainsInvestments
Other Revenues	-18382166	OtherRevenues
Revenue Not Rptd F990	39252336	RevenueNotRptdF990
Revenue Subtotal	115746366	RevenueSubtotal
Investment Expenses Not Included	1831180	InvestmentExpensesNotIncluded
Other Revenues Not Included	-29397	OtherRevenuesNotIncluded
Revenue Not Rptd On Fin Stmt	1801783	RevenueNotRptdOnFinStmt
Total Revenue Per Form990	117548149	TotalRevenuePerForm990
Tot Expenses Etc Audited Fincl Stmt	81568452	TotExpensesEtcAuditedFinclStmt
Other Expenses Included	3324745	OtherExpensesIncluded
Expenses Not Rptd F990	3324745	ExpensesNotRptdF990
Expenses Subtotal	78243707	ExpensesSubtotal
Investment Expenses Not Included2	1831180	InvestmentExpensesNotIncluded2
Other Expenses Not Included	18234499	OtherExpensesNotIncluded
Expenses Not Rptd On Fin Stmt	20065679	ExpensesNotRptdOnFinStmt
Total Expenses Per Form990	98309386	TotalExpensesPerForm990

Form990 Schedule D Part XIV Form990ScheduleDPartXIV (10 entries)

IdentifierIdentifier	ExplanationExplanation	Return ReferenceReturnReference
Part III, Line 1a:	The Academy records gifts of securities and other non-cash assets at fair value at the date of contribution, with the exception of additions to the Academy's collections of art, artifacts, antiques, and rare books. The Academy does not capitalize its collections; therefore, gifts or additions to the collections are not reflected in the Academy's financial statements. The Academy's collections comprise primarily those of its two museums, the Addison Gallery of American Art and the Robert S. Peabody Museum of Archaeology. Open and free to the public, both are academic museums that serve as resources for Academy students, students from surrounding communities and the general public. The collection of the Addison Gallery of American Art includes more than 16,000 works of art and is recognized as a world-class center of American art. The Robert S. Peabody Museum of Archaeology is one of the nation's major repositories of Native American archaeological collections, containing more than 500,000 objects representing nearly every indigenous culture area in North America.
Part III, Line 4:	the academy maintains the addison gallery of american art (the "addison"), an academic art museum dedicated to the collection of american art. The musuem's purpose is to acquire, preserve, interpret, and exhibit works of art for the education and enjoyment of local, regional, national and international audiences, including the students, faculty, and community of phillips academy, and other students, teachers, scholars, and the general public. The academy also maintains the robert s. peabody museum of archaeology (the "Peabody") which is comprised of collections of artifacts, documents, and images cataloging the indigenous cultures of the americas, past and present, a comparative collection, as well as books, monographs and serials on archaeology and native cultures of the americas. these materials serve the education and research needs primarily of the phillips academy community and to a lesser extent regional schools within the mid-merrimack river valley. the peabody has developed over fifty single-class curriculum units and teaches an interdisciplinary course in human origins with the biology department, drawing upon staff expertise, its library, research, image and archives collections. the peabody is currently developing a new class with the academy art department, "Primitive Pot." Peabody personnel also supervise the History and Archaelogy clubs and student independent projects. further use of the collections by students with an interest in archaeology and anthropology takes place as senior independent projects.
Part V, Line 4:	Andover's endowment is a critical source of support for the academy. The endowment comprises a wide variety of funds with a wide variety of purposes, including unrestricted funds, financial aid, faculty chairs, the addison gallery, the peabody museum and other special intents. Totaling $693 million at June 30, 2010, the endowment currently supports approximately 40% of the academy's budget. Part V, Line 3a: The academy is an income-only beneficiary of certain perpetual trusts whose aggregate market value at june 30, 2010 was $5,037,184.	Description of Intended Use of Endowment Funds:
Part X:	The Academy accounts for the effect of any uncertain tax positions based on a "more likely than not" threshold to the recognition of the tax positions being sustained based on the technical merits of the position under scrutiny by the applicable taxing authority. If a tax position or positions are deemed to result in uncertainties of those positions, the unrecognized tax benefit is estimated based on a "cumulative probability assessment" that aggregates the estimated tax liability for all uncertain tax positions. Interest and penalties assessed, if any, are accrued as income tax expense. The Academy has identified its tax status as a tax-exempt entity as a tax position; however, the Academy has determined that such tax position does not result in an uncertainty requiring recognition. The Academy is not currently under examination by any taxing jurisdiction. Its federal and state income tax returns are generally open for examination for three years following the date filed.	Description of Uncertain Tax Positions Under FIN 48:
Part XI, Line 8 - Other Adjustments:	Change in Value of Split-Interest Agreements: -147667. unrealized Loss on swap market value: -3295348.
Part XII, Line 2d - Other Adjustments:	Financial aid: -14546300. capital campaign expenses: -3688199. change in value of split-interest agreements: -147667.
Part XII, Line 4b - Other Adjustments:	Cost of Goods Sold: -29397.
Part XIII, Line 2d - Other Adjustments:	unrealized loss on swap market value: 3295348. cost of goods sold: 29397.
Part XIII, Line 4b - Other Adjustments:	financial aid: 14546300. capital campaign expenses: 3688199.
	Part VII, Investments - Other Securities: The information disclosed in schedule d, part vii conforms to the valuation conventions prescribed by Statement of Financial Accounting Standard ("SFAS") No. 157, Fair Value Measurement, in effect at the Academy's fiscal year ending June 30, 2010. The amounts in column (b), Book value, are those market values disclosed as Level 2 and Level 3 investments in the Academy's 2010 audited financial statements, except that amounts associated with the Academy's faculty mortgage program are separately disclosed as components of the amounts on lines 5 and line 7 of Form 990, Part X, Balance Sheet. Domestic and international equities in Schedule D, Part VII represent ownership interests in private investment partnerships the characteristics of which closely resemble these classes of assets, and not shares of publicly traded equities.

Schedule E IRS990ScheduleE

Field	Value	IRS element (for citing)
Nondiscriminatory Policy Stmt	1	NondiscriminatoryPolicyStmt
Policy Statement In Brochures Etc	1	PolicyStatementInBrochuresEtc
Policy Publ Via Broadcast Media	1	PolicyPublViaBroadcastMedia
Pub Via Broadcast Media Expln	PHILLIPS ACADEMY'S NON-DISCRIMINATION POLICY IS STATED ON PAGE 1 OF THE 2009 - 2010 SCHOOL CATALOG AND THE TEXT OF THIS NOTICE is replicated on schedule o of the academy's 2009 form 990.	PubViaBroadcastMediaExpln
Maint Racial Composition Records	1	MaintRacialCompositionRecords
Maint Scholarships Records	1	MaintScholarshipsRecords
Maint Copies Of Brochures Etc	1	MaintCopiesOfBrochuresEtc
Maint Copies Of All Solicitations	1	MaintCopiesOfAllSolicitations
Discriminate Race Students Rights	0	DiscriminateRaceStudentsRights
Discriminate Race Admiss Policies	0	DiscriminateRaceAdmissPolicies
Discriminate Race Emplmn Faculty	0	DiscriminateRaceEmplmnFaculty
Discriminate Race Scholarships	0	DiscriminateRaceScholarships
Discriminate Race Educ Policies	0	DiscriminateRaceEducPolicies
Discriminate Race Use Of Fclts	0	DiscriminateRaceUseOfFclts
Discriminate Race Athletic Prog	0	DiscriminateRaceAthleticProg
Discriminate Race Other Acty	0	DiscriminateRaceOtherActy
Government Financial Aid Received	1	GovernmentFinancialAidReceived
Government Financial Aid Revoked	0	GovernmentFinancialAidRevoked
Govt Financial Aid Explanation	STATE: ADDISON GALLERY, MASSACHUSETTS CULTURAL COUNCIL: $7,560 TOTAL GOVERNMENT CONTRIBUTIONS (GRANTS): $7,560	GovtFinancialAidExplanation
Compliance With Rev Proc7550	1	ComplianceWithRevProc7550

Schedule F IRS990ScheduleF

Accts Actvs Out US Table AcctsActvsOutUSTable (6 entries)

RegionRegion	Type Of Activities ConductedTypeOfActivitiesConducted	Specific Services ProvidedSpecificServicesProvided	Total ExpendituresTotalExpenditures
east asia and pacific	fundraising	not applicable	17580
europe	fundraising	not applicable	2329
Sub-Saharan Africa	fundraising	not applicable	1927
Central America and the Caribbean	investments
Europe (Including Iceland & Greenland)	investments
North America	investments

Field	Value	IRS element (for citing)
Total Number Of Offices	0	TotalNumberOfOffices
Total Number Of Employees	0	TotalNumberOfEmployees
Total Amount Spent	21836	TotalAmountSpent

Form990 Schedule F Part IV Form990ScheduleFPartIV

Field	Value	IRS element (for citing)
Identifier	Schedule F, Part IV	Identifier
Return Reference	Other Information	ReturnReference
Explanation	the academy solicits charitable contributions from alumni located outside of the united states. the program elements consist of major gift officer travel, faculty travel, head of school and senior administrator travel to europe, africa and asia. the activity consists of one-on-one visits, leadership gift receptions, dinners and conferences. areas visited in the current reporting period were china, england, korea, and south africa.	Explanation

Schedule I IRS990ScheduleI

Field	Value	IRS element (for citing)
Records Maintained	1	RecordsMaintained

Recipient Table RecipientTable

Recipient Name Business RecipientNameBusiness

Field	Value	IRS element (for citing)
Business Name Line1	Town of Andover	BusinessNameLine1

Address US AddressUS

Field	Value	IRS element (for citing)
Address Line1	36 bartlett street	AddressLine1
City	andover	City
State	MA	State
ZIP Code	01810	ZIPCode

Field	Value	IRS element (for citing)
EIN Of Recipient	046001069	EINOfRecipient
Amount Of Cash Grant	153900	AmountOfCashGrant
Method Of Valuation	FMV	MethodOfValuation
Purpose Of Grant	See part IV	PurposeOfGrant

Field	Value	IRS element (for citing)
Total Nbr Of501 C3 And Govt Grants	1	TotalNbrOf501C3AndGovtGrants
Total Nbr Of Other Organizations	0	TotalNbrOfOtherOrganizations

Form990 Schedule I Part III Form990ScheduleIPartIII (4 entries)

Type Of GrantTypeOfGrant	Number Of RecipientsNumberOfRecipients	Amount Of Non Cash AssistanceAmountOfNonCashAssistance	Method Of ValuationMethodOfValuation	Description Of Non Cash AssistanceDescriptionOfNonCashAssistance	Amount Of Cash GrantAmountOfCashGrant
tuition remission 9-month program	483	14208760	fmv	tuition remission 9-month program
other aid to 9-month program students	483	767142	fmv	see part iv	300826
tuition remission faculty children off campus	4	82386	fmv	see part iv
tuition remission summer session	73	337540	fmv	tuition remission summer session

Form990 Schedule I Part IV Form990ScheduleIPartIV (2 entries)

IdentifierIdentifier	Return ReferenceReturnReference	ExplanationExplanation
Procedure for Monitoring Grants in the U.S.:	Part I, Line 2:	Schedule I, Part I, Line 2: Most aid to academy students is in-kind in the form of tuition remission and payment of mandatory and other academy fees. other non-cash aid disclosed in schedule i, part III is monitored through the use of the academy's student debit card or store vouchers, which are receipted. cash grants in part iii are student stipends and are disbursed directly to student bank accounts or are provided directly by the academy's financial aid office as needed.
Other Information:	Part IV:	Part II: Under the terms of an agreement between the academy and the town of andover (the "Town"), the academy makes an annual voluntary contribution to the town. The payment is not restricted to any particular use by the town and is made without consideration of the tax status of academy property. PART III: STATED IN THE ACADEMY'S CONSTITUTION OF 1778, AND REAFFIRMED IN ITS STATEMENT OF PURPOSE, THE SCHOOL IS CHArGED TO EDUCATE "YOUTH FROM EVERY QUARTER". THE AcADEMY PROVIDES ALL ASSISTANCE ON A NON-DISCRIMINATORY BASIS AND IN FURTHERANCE OF THE OBJECTIVE OF ATTRACTING A DIVERSE STUDENT BODY. A TOTAL OF 483 STUDENTS received some component of the total aid disclosed on lines 1 and 2 of part iii. other non-cash assistance to 9-month program students consists of student TRAVEL TO AND FROM CAMPUS, SPECIALIZED INSTRUCTION AND TUTORING TO INCLUDE MUSIC GRANTS, TECHNOLOGY, TEXTBOOKS, COLLEGE APPLICATIONS, MEDICAL EXPENSES, CLOTHING, LAUNDRY SERVICE, PHONE, ATHLETIC EQUIPMENT, SCHOOL SUPPLIES AND MISCELLANEOUS PERSONAL EXPENSES.

Schedule J IRS990ScheduleJ

Field	Value	IRS element (for citing)
Discretionary Spending Account	X	DiscretionarySpendingAccount
Housing Allowance Or Residence	X	HousingAllowanceOrResidence
Club Dues Or Fees	X	ClubDuesOrFees
Personal Services	X	PersonalServices
Written Policy Re T And E Expenses	0	WrittenPolicyReTAndEExpenses
Substantiation Required	1	SubstantiationRequired
Compensation Committee	X	CompensationCommittee
Form990 Of Other Organizations	X	Form990OfOtherOrganizations
Written Employment Contract	X	WrittenEmploymentContract
Compensation Survey	X	CompensationSurvey
Board Or Committee Approval	X	BoardOrCommitteeApproval
Severance Payment	0	SeverancePayment
Supplemental Nonqual Retire Plan	0	SupplementalNonqualRetirePlan
Equity Based Comp Arrangement	0	EquityBasedCompArrangement
Comp Based On Revenue Of Filing Org	0	CompBasedOnRevenueOfFilingOrg
Comp Based On Revenue Related Orgs	0	CompBasedOnRevenueRelatedOrgs
Comp Based Net Earnings Filing Org	0	CompBasedNetEarningsFilingOrg
Comp Based Net Earnings Relate Orgs	0	CompBasedNetEarningsRelateOrgs
Any Non Fixed Payments	1	AnyNonFixedPayments
Initial Contract Exception	0	InitialContractException

Form990 Schedule J Part II Form990ScheduleJPartII (13 entries)

Base Compensation Filing OrgBaseCompensationFilingOrg	Comp Based On Related OrgsCompBasedOnRelatedOrgs	Bonus Filing OrgBonusFilingOrg	Bonus Related OrgsBonusRelatedOrgs	Other Compensation Filing OrgOtherCompensationFilingOrg	Other Compensation Related OrgsOtherCompensationRelatedOrgs	Deferred Comp Filing OrgDeferredCompFilingOrg	Deferred Comp Related OrgsDeferredCompRelatedOrgs	Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrg	Nontaxable Benefits Related OrgsNontaxableBenefitsRelatedOrgs	Total Compensation Filing OrgTotalCompensationFilingOrg	Total Compensation Related OrgsTotalCompensationRelatedOrgs	Comp Report Prior990 Filing OrgCompReportPrior990FilingOrg	Comp Report Prior990 Related OrgsCompReportPrior990RelatedOrgs
Barbara L Chase
359347	0	0	0	16500	0	136146	0	47034	0	559027	0	0	0
stephen d carter
222002	0	0	0	0	0	25559	0	50369	0	297930	0	0	0
Amy c Falls
394063	0	100000	0	0	0	28646	0	183	0	522892	0	0	0
Peter R Ramsey
275452	0	0	0	0	0	28646	0	24729	0	328827	0	0	0
Temba T Maqubela
196876	0	0	0	0	0	22299	0	90235	0	309410	0	0	0
rebecca m sykes
196641	0	0	0	0	0	22701	0	54947	0	274289	0	0	0
JANE F FRIED
191024	0	0	0	0	0	22299	0	54426	0	267749	0	0	0
brian t allen
164146	0	0	0	0	0	18310	0	7966	0	190422	0	0	0
david a flash
146364	0	28500	0	0	0	19460	0	710	0	195034	0	0	0
Michael R Reist
150979	0	35000	0	0	0	20878	0	183	0	207040	0	0	0
luanne m kirwin
154517	0	0	0	0	0	12994	0	7184	0	174695	0	0	0
christine m adams
168960	0	0	0	0	0	18693	0	3183	0	190836	0	0	0
richard j keller
154551	0	0	0	0	0	17314	0	42362	0	214227	0	0	0

Form990 Schedule J Part III Form990ScheduleJPartIII (2 entries)

Return ReferenceReturnReference

ExplanationExplanation

Part I, Line 1a

While the academy does not have a written expense reimbursement policy, comptroller's office personnel review each expense reimbursement request for compliance with irs requirements for accountable plans before the requestor is reimbursed for the expense. discretionary spending accounts: all of the officers and key employees listed on schedule j, part ii have budgetary control of their respective departments, all which contain a small discretionary component or contingency which they may spend at their discretion. the board of trustees approves the academy budget and reviews all budget-to-actual spending. such spending, if any, is not taxable compensation. housing allowance or residence for personal use: Barbara L. Chase, Stephen D. Carter, Rebecca m. Sykes, Temba T. Maqubela, jane f. fried, and richard j. keller received housing as a condition of employment for the convenience of the employer. the academy has valued housing at 5% of the appraised value of the home as determined by the assessor's office of the town of andover, massachusetts, where the academy is located. such amounts are not taxable compensation. Health or social club dues or initiation fees: mrs. chase travels globally on academy business. annually the academy pays $500 for Mrs. Chase's membership in an airline flight club. this amount is not taxable compensation. personal services: the head of school, mrs. chase's residence is used throughout the year for numerous fundraising events, parties, meetings and other academy-related gatherings. a housekeeper spends approximately 10 hours per week cleaning the residence. no taxable compensation is associated with this service. Temba T. Maqubela received tuition remission for a child attending the academy, a benefit available to all academy employees.

Part I, Line 7

Ms. Chase received a non-fixed payment recommended by the President of the Board of Trustees under the terms of a deferred compensation agreement. The compensation committee approved the payment. Ms. Falls and mr. reist received non-fixed payments approved by the compensation committee.

Schedule K IRS990ScheduleK

Form990 Schedule K Part I Form990ScheduleKPartI (2 entries)

Issuer EINIssuerEIN	CUSIP NumberCUSIPNumber	Date IssuedDateIssued	Issue PriceIssuePrice	Description Of PurposeDescriptionOfPurpose	DefeasedDefeased	On Behalf Of IssuerOnBehalfOfIssuer
ma development finance agency
043431814	57583RD69	2008-12-17	40540096	See Schedule O	0	0
Ma development finance agency
043431814	57583FL25	2003-02-04	59910000	See Schedule O	0	0

Form990 Schedule K Part II Form990ScheduleKPartII (2 entries)

Total ProceedsTotalProceeds	Issuance Costs From ProceedsIssuanceCostsFromProceeds	Capital ExpendituresCapitalExpenditures	Year Of Subst CompletionYearOfSubstCompletion	Current RefundingCurrentRefunding	Advance RefundingAdvanceRefunding	Final Allocation MadeFinalAllocationMade	Adequate Books And Recds MaintaindAdequateBooksAndRecdsMaintaind
40540096	538442	40001654	2009	0	0	1	1
59910000	671812	59238188	2003	0	1	1	1

Form990 Schedule K Part III Form990ScheduleKPartIII (2 entries)

Owning Bond Financed PropertyOwningBondFinancedProperty	Any Lease ArrangementsAnyLeaseArrangements	Mngment Cntrct Bond Financd PrprtyMngmentCntrctBondFinancdPrprty	Any Research AgreementsAnyResearchAgreements	Bond Counsel Routinely EngagedBondCounselRoutinelyEngaged	Prcntge Prvt Business Use By OthersPrcntgePrvtBusinessUseByOthers	Percentage Of Prvt Business Re UBIPercentageOfPrvtBusinessReUBI	Total Private Business UseTotalPrivateBusinessUse	Post Issuance Compliance ProcdrsPostIssuanceComplianceProcdrs
0	0	1	0	1	0.00000	0.00000	0.00000	1
0	0	0	0	0	0.00000	0.00000	0.00000	1

Form990 Schedule K Part IV Form990ScheduleKPartIV (2 entries)

Form8038 T FiledForm8038TFiled	Variable Rate IssueVariableRateIssue	Hedge Identified In Books And RecdsHedgeIdentifiedInBooksAndRecds	Gross Proceeds Invested In GICGrossProceedsInvestedInGIC	Gross Proceeds InvestedGrossProceedsInvested	Exception To RebateExceptionToRebate	Business Name Line2NameOfHedgeProvider/BusinessNameLine2	Term Of HedgeTermOfHedge
(no name)
0	0	0	0	0	1
morgan stanley
0	1	1	0	0	1	bank of NY mellon	23.200000000000

Schedule L IRS990ScheduleL

Loan Table LoanTable (5 entries)

Purpose Of LoanPurposeOfLoan	Loan From OrganizationLoanFromOrganization	Original PrincipalOriginalPrincipalAmount	Balance DueBalanceDue	DefaultDefault	Approved By BoardApprovedByBoard	Written AgreementWrittenAgreement
BARBARA l CHASE
HOME MORTGAGE	X	$373,500	227968	0	1	1
peter r ramsey
hOME MORTGAGE	X	$200,000	66000	0	1	1
rebecca m sykes
hOME MORTGAGE	X	$276,400	174875	0	1	1
temba t maqubela
loan	X	$63,641	46802	0	1	1
jane f fried
hOME MORTGAGE	X	$128,000	10785	0	1	1

Field	Value	IRS element (for citing)
Total Balance Due	526430	TotalBalanceDue

Form990 Schedule L Part III Form990ScheduleLPartIII

Field	Value	IRS element (for citing)
Name Of Interested Person	interested persons	NameOfInterestedPerson
Relationship With Organization	tuition remission	RelationshipWithOrganization
Amount Of Grant	31090	AmountOfGrant

Form990 Schedule L Part IV Form990ScheduleLPartIV (4 entries)

RelationshipRelationship	Amount Of TransactionAmountOfTransaction	Description Of TransactionDescriptionOfTransaction	Sharing Of RevenuesSharingOfRevenues
ac israel enterprises inc
trustee, thomas c. israel serves as an officer	102857	see sch. O	0
david w chase
family member of barbara l. chase, trustee and head of school	118306	see sch. o	0
vuyelwa m maqubela
family member of temba t. maqubela, key employee	96980	see sch. o	0
elwin sykes
family member of rebecca m. sykes, key employee	98033	see sch. o	0

Schedule M IRS990ScheduleM

Works Of Art WorksOfArt

Field	Value	IRS element (for citing)
Non Cash Checkbox	X	NonCashCheckbox
Number Of Contributions	52	NumberOfContributions
Method Of Determining Revenues	n/a	MethodOfDeterminingRevenues

Securities Publicly Traded SecuritiesPubliclyTraded

Field	Value	IRS element (for citing)
Non Cash Checkbox	X	NonCashCheckbox
Number Of Contributions	157	NumberOfContributions
Noncash Contribs Rptd F990	1828856	NoncashContribsRptdF990
Method Of Determining Revenues	avg. of high/low price	MethodOfDeterminingRevenues

Field	Value	IRS element (for citing)
Number Of8283 Received	4	NumberOf8283Received
Any Property That Must Be Held	0	AnyPropertyThatMustBeHeld
Review Process Unusual NC Gifts	1	ReviewProcessUnusualNCGifts
Third Parties Used	1	ThirdPartiesUsed

Form990 Schedule M Part II Form990ScheduleMPartII (2 entries)

IdentifierIdentifier	Return ReferenceReturnReference	ExplanationExplanation
Third Party Use:	Part I, Line 32b:	THE ADDISON GALLERY OF AMERICAN ART CONTRACTED WITH CHRISTIE'S, 20 ROCKEFELLER PLAZA, NEW YORK, NY 10020 TO SELL AT PUBLIC AUCTION A NON-ACCESSIONED PAINTING.
Non Reporting of Revenue:	Part I, Line 33:	The academy reported zero value on form 990, part VIII, statement of revenue, line 1g as permitted under sfas 116. It does not capitalize its museum collections.

Schedule O IRS990ScheduleO

General Explanation GeneralExplanation (14 entries)

IdentifierIdentifier	ExplanationExplanation
Form 990, Part VI, Section A, line 2	Trustees Peter L.S. Currie, louis g. elson and Stanley S. Shuman have a relationship in a business entity. The Academy has no relationship with this entity. Mr. louis g. Elson's brother, Harry, also serves on the Board of Governors of the Academy's Addison Gallery of American Art. trustee stanley s. shuman's brother, alfred j. shuman, is a member of the hedge fund sub-committee of the academy's investment committee.
Form 990, Part VI, Section A, line 8b	In accordance with the Amended and Restated By-Laws of Trustees of Phillips Academy, only the Executive Committee has the authority to act on behalf of the Academy's governing body, its Board. The Academy does not maintain minutes of any Executive Committee meetings, which are rare, and generally convene to vote on an issue that has been delegated to this committee by the full Board because insufficient information was available at the regularly scheduled meeting of the full Board and a decision is needed before the next scheduled Board meeting. However, if the Executive Committee undertakes any action, such action is included in the minutes of the next regularly scheduled meeting of the Board. The Board meets at least three times annually. All Board minutes are approved by the Board; therefore, approval of such minutes constitutes approval and acceptance of any actions taken by the Executive Committee.
Form 990, Part VI, Section B, line 11	The return was prepared primarily in the Academy's Comptroller's Office, reviewed internally by two senior financial managers, and was then circulated to certain other senior administrators for review and comment. A draft version of selected sections of this Form 990 was provided to the Audit Committee of the Board of Trustees at its february, 2011 meeting for preliminary review. The final version of this entire Form 990 was reviewed and approved by the Audit Committee at its April, 2011 meeting. Immediately after the April Audit Committee meeting, this Form 990 was posted to the web site for the Board of Trustees where it could be viewed by all trustees until the filing date of May 16, 2011. All trustees were informed on may 2, 2011 that this Form 990 was available for their review at the web site.
Form 990, Part VI, Section B, line 12c	The Academy has two separate conflict of interest policies. Its policy for Interested Persons addresses transactions between the Academy and any current or former officers, directors, trustees and key employees, any other person in a position to exercise substantial influence over the affairs of the Academy, family members and other related entities. This policy is designed to elicit disclosure of transactions which would have to be included in the Academy's Form 990. As such, the thresholds for reporting and definitions of transactions required to be reported are aligned with those in Form 990. The Academy also has a second policy for Faculty, Staff and Other Decision Makers Acting on Behalf of the Academy. While this second policy also seeks to identify and address conflicts, the inquiries are less extensive than those in the policy for interested persons. Annually in the fall, the policies are distributed and all recipients must disclose in writing all potential conflicts of interest. Conflicts disclosed are addressed in accordance with the policies, either by the Trustee Audit Committee, the Board of Trustees or the Conflict of Interest Officer, the Academy's Chief Financial Officer. The policies clearly state that all recipients of the policy are obliged throughout the year to abide by its terms and to take no steps to enter into any transaction which might give rise to a conflict of interest without first disclosing such transaction to and receiving approval to enter into the transaction from the Conflict of Interest Officer. During the year, if appropriate, newly-hired personnel are required to complete the policy. During the course of the year, if the Conflict of Interest Officer becomes aware of potential conflicts through any other means, he investigates the transaction in accordance with the policy and maintains records to evidence the results of his investigation.
Form 990, Part VI, Section B, line 15	Compensation of the Academy's Head of School, Chief Operating and Financial Officer, and its key employees is reviewed and approved in accordance with the Academy's amended and restated Compensation Philosophy Statement (the "Statement"), adopted at a meeting of the Academy's Board of Trustees in January, 2006, wherein the board declares its support for full disclosure of all executive compensation and benefits as legally required in IRS Form 990. The Compensation Committee of the Board of Trustees is charged with implementing the philosophy and practices articulated in the Statement. The Statement requires that: compensation for its senior administrators be based upon comparisons with compensation at peer institutions; all compensation decisions be based upon ethical considerations; all participating in compensation decisions complete the academy's Conflict of Interest statement and recuse himself/herself from participation if he/she has any direct or indirect financial interest with the Academy; all Academy compensation practices are to be in accordance with applicable laws; and all board members and those administrators that participate in determining compensation for the Academy's officers and key employees be familiar with Internal Revenue Code (IRC) Section 4958, which imposes intermediate sanction penalties for excess benefit transactions. Annually, the Compensation Committee reports its compensation decisions to the full board membership. The Compensation Committee reviews and approves all base compensation arrangements exceeding $150,000 a year, excluding housing, including in particular the Head of School and the Chief Operating and Financial Officer. The Compensation Committee reviews appropriate executive compensation comparability data including salary comparison surveys from various entities, including but not limited to; The National Association of Independent Schools (NAIS), The Association of Business Officers of Preparatory Schools (ABOPS), other institutions' current 990s, College and University Personnel Association (CUPA) and summaries of surveys received by the Academy in exchange for its participation in these surveys. The Compensation Committee confirms with the board that formal and timely performance reviews are completed for all senior administrators. The Compensation Committee prepares and approves minutes of each meeting, including: terms and date of approved compensation, committee members present and voting, the comparability data and their sources and the rationale for decisions made.
Form 990, Part VI, Section C, line 19	The Academy does not generally make its governing documents and its conflict of interest policy available to the public. It will furnish its financial statements upon request, either via email or in hard copy through the mail.
	Schedule E, Line 3: Phillips Academy admits students of any gender, race, color, handicapped status, sexual orientation, religion, and national and ethnic origin to all the rights, privileges, programs, and activities generally accorded or made available to students at the school. It does not discriminate on the basis of gender, race, color, handicapped status, sexual orientation, religion, or national and ethnic origin in administration of its educational policies, admission policies, scholarship and loan programs, and athletic and other school-administered programs.
	Schedule K, Part I: Description of Purpose In December, 2008, the Massachusetts Development Finance Agency ("MDFA") issued Revenue Bonds, Phillips Academy Issue, Series 2008 (the "2008 Bonds") in the aggregate principal amount of $38.61 million at a premium of $1.93 million from which the Academy recognized total proceeds upon issuance of $40.54 million. The Academy used the proceeds net of $538 thousand of capitalized issuance costs to finance repairs, maintenance and improvements to the Academy's physical plant. In February, 2003, the Massachusetts Development Finance Agency ("MDFA") issued Variable Rate Demand Revenue Bonds, Trustees of Phillips Academy Issue, Series 2003 (the "2003 Bonds") in the aggregate principal amount of $59.91 million. $39.23 million of the proceeds from the 2003 Bonds were used to advance refund $35 million of Massachusetts Industrial Finance Agency bonds issued in 1993. The remaining proceeds were used to finance repairs, maintenance and improvements to the Academy's physical plant.
	Schedule L, Part II: Loans listed in Part II of Schedule L are comprised primarily of loans under the Academy's faculty mortgage program, available to all qualified faculty after six years of service. The program interest rate is re-set annually based upon the ten-year U.S. Treasury note's effective yield at June 20. The total faculty mortgage program balance at June 30, 2010 was $1,353,696 receivable from 11 program participants, of which $525,713 appears on Line 5 of Part X, Receivables from current and former officers, directors, trustees, key employees, and highest compensated employees. The balance, $827,266 is on Line 7 of Part X. Two other individuals have loans which were approved by the compensation committee and/or the board of trustees. Also included in Part II, Schedule L are balances due under the faculty computer loan program totaling $517 - this program issues non-interest bearing loans in the maximum amount of $5,000, repayable within 36 months, to faculty for the purchase of personal computers - and a $200 loan balance under the Academy's faculty tuition loans program, which issues non-interest bearing loans to faculty to pay children's college tuition. The maximum annual loan amount is $2,400 per child attending college and is repayable within 60 months. The Academy imputes income on any below market rate loans in accordance with IRS requirements.
	Schedule L, Part IV, Column D: From time-to-time, Academy officers, directors, trustees or key employees may serve in the same capacities, as well as partners in or members of an entity, or shareholders of a professional corporation doing business with the Academy. Not less than annually, under direction of its Conflict of Interest Compliance Officer, the Academy solicits disclosure of all such relationships in accordance with its Conflict of Interest Policy. If such conflicts are disclosed, they are addressed in accordance with the Academy's Conflict of Interest Policy by either the Academy's Trustee Audit Committee or its Board of Trustees. These transactions, if any, and all Academy transactions are made within the normal course of business and are conducted at arm's length. Academy officers, directors, trustees or key employees do not participate in purchasing decisions involving entities with which they have a relationship. Thomas C. Israel, a trustee and Academy Treasurer, is Chairman of A. C. Israel Enterprises, Inc ("ACI"). The Academy rents approximately 1,200 square feet of office space from ACI to house its investment office. Fiscal year 2010 payments made by the Academy to ACI for rent and certain rental space expense reimbursements totaled $102,857. Also disclosed in this part are three Academy employees who are spouses of current officers and key employees of the Academy listed in Part VII and Schedule J. The compensation and benefits of these three individuals are authorized by their department supervisors and the Academy's Human Resources department.
	Form 990, schedule r, part iv: The academy is required to disclose those trusts for which it has a greater than 50% beneficial interest. the academy is remainder beneficiary of 27 trusts in which the present value of its residual interest exceeds 50% of the current value of each trust's assets. Also disclosed are the academy's lead interests in two other trusts, the present value of which exceeds the value of the trusts' assets at june 30, 2010. the academy receives annual distributions under the terms of the two lead trusts. actual trust names have been omitted to protect the privacy of the contributors. such information is available to the irs upon request.
form 990, part I, Line 6:	During its 2010 fiscal year approximately 2,800 volunteers contributed their time to support Phillips Academy in the accomplishment of its mission. Trustees provided governance; faculty, staff, alumni, parents and friends of the Academy participated on major Academy committees; class volunteers were agents for class fundraising efforts and correspondents for class notes; regional association volunteers throughout the U.S., Europe and Asia conducted admission interviews; fundraising volunteers participated in phone-a-thons and assisted with individual fundraising solicitations.
Form 990, Part V, Line 4a:	For the calendar year ending december 31, 2009 the academy was invested in no foreign commingled funds for which it was required to file form TD F 90-22.1, report of foreign bank and financial accounts ("FBAR").
form 990, part VI, Line 1a:	The Phillips Academy Board of Trustees has sixteen charter trustees, identified as Members of the Corporation in the Amended and Restated By-Laws of the Trustees of Phillips Academy, and six alumni trustees. Charter trustees have full voting privileges. Alumni trustees vote on all matters except the elections of Members of the Corporation, officers of the Corporation, and the Head of School. The Trustee By-Laws empower the Corporation to appoint an Executive Committee with all of the powers of the Trustees except as specifically limited by the Board. The Executive Committee is comprised of the Board President, the Head of School and chairpersons of each of the other standing committees of the Board. The committee has been delegated all of the powers of the Trustees in circumstances where the entire board is unable to convene to render a decision. The Executive Committee met once during the Academy's 2010 fiscal year.

Schedule R IRS990ScheduleR

Form990 Schedule R Part IV Form990ScheduleRPartIV (29 entries)

Address Line1AddressUS/AddressLine1	CityAddressUS/City	StateAddressUS/State	ZIP CodeAddressUS/ZIPCode	Primary ActivityPrimaryActivity	Legal Domicile StateLegalDomicileState	Direct Controlling Entity NADirectControllingEntityNA	Type Of EntityTypeOfEntity	Share Of EOY AssetsShareOfEOYAssets	Percentage OwnershipPercentageOwnership	EINEIN
charitable remainder trust
180 main street	andover	MA	01810	charitable trust	IL	N/A	T	331049	0.95000
charitable remainder trust
180 main street	andover	MA	01810	charitable trust	FL	N/A	T	103377	0.84000
charitable remainder trust
180 main street	andover	MA	01810	charitable trust	MA	N/A	T	361853	0.81000
charitable remainder trust
180 main street	andover	MA	01810	charitable trust	MA	N/A	T	68471	0.81000
charitable remainder trust
180 main street	andover	MA	01810	charitable trust	GA	N/A	T	87647	0.81000
charitable remainder trust
180 main street	andover	MA	01810	charitable trust	NY	N/A	T	608038	0.79000
charitable remainder trust
180 main street	andover	MA	01810	charitable trust	MA	N/A	T	60359	0.79000
charitable remainder trust
180 main street	andover	MA	01810	charitable trust	MA	N/A	T	60304	0.79000
charitable remainder trust
180 main street	andover	MA	01810	charitable trust	MA	N/A	T	57113	0.79000
charitable remainder trust
180 main street	andover	MA	01810	charitable trust	MA	N/A	T	67468	0.79000
charitable remainder trust
180 main street	andover	MA	01810	charitable trust	MA	N/A	T	51771	0.79000
charitable remainder trust
180 main street	andover	MA	01810	charitable trust	NY	N/A	T	104625	0.77000
charitable remainder trust
180 main street	andover	MA	01810	charitable trust	IL	N/A	T	820328	0.75000
charitable remainder trust
180 main street	andover	MA	01810	charitable trust	MA	N/A	T	133563	0.67000
charitable remainder trust
180 main street	andover	MA	01810	charitable trust	NC	N/A	T	1535292	0.64000
charitable remainder trust
180 main street	andover	MA	01810	charitable trust	MA	N/A	T	108069	0.64000
charitable remainder trust
180 main street	andover	MA	01810	charitable trust	MA	N/A	T	86345	0.62000
charitable remainder trust
180 main street	andover	MA	01810	charitable trust	VA	N/A	T	307327	0.60000
charitable remainder trust
180 main street	andover	MA	01810	charitable trust	MA	N/A	T	276483	0.60000
charitable remainder trust
180 main street	andover	MA	01810	charitable trust	MA	N/A	T	596396	0.59000
charitable remainder trust
180 main street	andover	MA	01810	charitable trust	MA	N/A	T	134825	0.58000
charitable remainder trust
180 main street	andover	MA	01810	charitable trust	MA	N/A	T	729519	0.57000
charitable remainder trust
180 main street	andover	MA	01810	charitable trust	MA	N/A	T	80737	0.57000
charitable remainder trust
180 main street	andover	MA	01810	charitable trust	MA	N/A	T	270265	0.56000
charitable remainder trust
180 main street	andover	MA	01810	charitable trust	NY	N/A	T	255315	0.54000
charitable remainder trust
180 main street	andover	MA	01810	charitable trust	NY	N/A	T	357100	0.51000
charitable remainder trust
180 main street	andover	MA	01810	charitable trust	FL	N/A	T	873743	0.51000
charitable lead trust
180 main street	andover	MA	01810	charitable trust	FL	N/A	T	269721	1.00000
charitable lead trust
180 main street	andover	MA	01810	charitable trust	MA	N/A	T	4124212	1.00000	047004847

Field	Value	IRS element (for citing)
Receipt Of Int Ann Rents Royalties	0	ReceiptOfIntAnnRentsRoyalties
Gift Grant Or Cap Contr To Other Org	0	GiftGrantOrCapContrToOtherOrg
Gift Grant Or Cap Contr Fr Other Org	0	GiftGrantOrCapContrFrOtherOrg
Loans Or Guarantees To Other Org	0	LoansOrGuaranteesToOtherOrg
Loans Or Guarantees From Other Org	0	LoansOrGuaranteesFromOtherOrg
Sale Of Assets To Other Org	0	SaleOfAssetsToOtherOrg
Purchase Of Assets From Other Org	0	PurchaseOfAssetsFromOtherOrg
Exchange Of Assets	0	ExchangeOfAssets
Rental Of Facilities To Other Orgs	0	RentalOfFacilitiesToOtherOrgs
Rental Of Facilities Fr Other Orgs	0	RentalOfFacilitiesFrOtherOrgs
Perform Of Services For Other Orgs	0	PerformOfServicesForOtherOrgs
Perform Of Services By Other Orgs	0	PerformOfServicesByOtherOrgs
Sharing Of Facilities	0	SharingOfFacilities
Sharing Of Paid Employees	0	SharingOfPaidEmployees
Reimbursement Paid To Other Org	0	ReimbursementPaidToOtherOrg
Reimbursement Paid By Other Org	0	ReimbursementPaidByOtherOrg
Other Transfer To Other Org	0	OtherTransferToOtherOrg
Other Transfer From Other Org	1	OtherTransferFromOtherOrg

Transactions Related Orgs Table TransactionsRelatedOrgsTable

Name Of Other Organization NameOfOtherOrganization

Field	Value	IRS element (for citing)
Business Name Line1	charitable lead trust - receipt of trust distributions	BusinessNameLine1

Field	Value	IRS element (for citing)
Transaction Type	R	TransactionType
Amount Involved	361744	AmountInvolved