PHILLIPS EXETER ACADEMY: Form 990, tax year 2024
View the entire original 990 at ProPublica ↗
- Organization
- PHILLIPS EXETER ACADEMY (EIN 02-0222174)
- Tax period
- 2024-07-01 to 2025-06-30
- Filed
- 2026-05-12
- IRS object ID
- 202601329349301835
- Schema version
- 2024v5.5
- 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 M
- Schedule O
- Schedule R
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2026-05-12T10:58:02-05:00 | ReturnTs |
| Tax Period End | 2025-06-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 991856619 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | GRANT THORNTON ADVISORS LLC | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 53 STATE STREET SUITE 1600 | AddressLine1Txt |
| City | BOSTON | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 02109 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2024-07-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 020222174 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | PHILLIPS EXETER ACADEMY | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | PHIL | BusinessNameControlTxt |
| Phone | 6037724311 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 20 MAIN STREET | AddressLine1Txt |
| City | EXETER | CityNm |
| State Abbreviation | NH | StateAbbreviationCd |
| ZIP | 038332460 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | MARIJKA BEAUCHESNE | PersonNm |
| Person Title | CFO | PersonTitleTxt |
| Phone | 6037773211 | PhoneNum |
| Signature | 2026-05-12 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | Yes (1) | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | ERIN COUTURE | PreparerPersonNm |
| PTIN | P01390592 | PTIN |
| Phone | 6177237900 | PhoneNum |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2024 | TaxYr |
| Build TS | 2025-03-06 01:10:19Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | WILLIAM RAWSON | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 20 MAIN STREET | AddressLine1Txt |
| City | EXETER | CityNm |
| State Abbreviation | NH | StateAbbreviationCd |
| ZIP | 038332460 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $859,456,356 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | WWW.EXETER.EDU | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1781 | FormationYr |
| Legal Domicile State | NH | LegalDomicileStateCd |
| Activity Or Mission | SEE SCHEDULE O | ActivityOrMissionDesc |
| Voting Members Governing Body | 22 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 21 | VotingMembersIndependentCnt |
| Total Employee | 1314 | TotalEmployeeCnt |
| Total Volunteers | 4177 | TotalVolunteersCnt |
| Total Gross UBI | $1,640,461 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $18,954,636 | PYContributionsGrantsAmt |
| CY Contributions Grants | $33,235,586 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $76,281,596 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $81,450,292 | CYProgramServiceRevenueAmt |
| PY Investment Income | $90,935,806 | PYInvestmentIncomeAmt |
| CY Investment Income | $123,847,094 | CYInvestmentIncomeAmt |
| PY Other Revenue | $1,107,110 | PYOtherRevenueAmt |
| CY Other Revenue | $1,332,980 | CYOtherRevenueAmt |
| PY Total Revenue | $187,279,148 | PYTotalRevenueAmt |
| CY Total Revenue | $239,865,952 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $26,783,813 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $29,264,227 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $75,083,387 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $80,559,488 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $9,350,106 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $56,321,018 | PYOtherExpensesAmt |
| CY Other Expenses | $56,526,072 | CYOtherExpensesAmt |
| PY Total Expenses | $158,188,218 | PYTotalExpensesAmt |
| CY Total Expenses | $166,349,787 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $29,090,930 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $73,516,165 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $2,078,494,595 | TotalAssetsBOYAmt |
| Total Assets EOY | $2,196,295,020 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $193,261,045 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $180,825,707 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $1,885,233,550 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $2,015,469,313 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | SEE SCHEDULE O | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $136,389,993 | ExpenseAmt |
| Grant | $28,186,523 | GrantAmt |
| Revenue | $74,497,070 | RevenueAmt |
| Desc | SEE SCHEDULE OPHILLIP EXETER ACADEMY'S PRIMARY PROGRAM SERVICE IS THE EDUCATION OF STUDENTS IN GRADES 9 THROUGH 12 IN A RESIDENTIAL BOARDING SCHOOL ENVIRONMENT. APPROXIMATELY 20% OF STUDENTS ARE DAY STUDENTS AND DO NOT RESIDE ON CAMPUS. ENROLLMENT FOR 2024-2025 WAS 1,106. THE FOUNDATION OF EXETER'S REGULAR SESSION CURRICULUM CONTINUES TO BE THE TEACHING METHOD MADE POSSIBLE IN 1931 BY THE GENEROSITY OF EDWARD HARKNESS: DISCUSSION IN SMALL CLASSES MEETING AROUND SEMINAR TABLES WHERE MAXIMUM STUDENT INVOLVEMENT AND INTERCHANGE ARE BOTH ENCOURAGED AND REQUIRED. SINCE 1931, THIS PROCESS HAS CONTINUED WHILE THE CONTENT OF THE CURRICULUM HAS UNDERGONE SEVERAL REVISIONS AS EXETER HAS SOUGHT TO BLEND ITS RESPECT FOR TRADITION WITH ITS COMMITMENT TO EDUCATE YOUNG PEOPLE FOR A RAPIDLY CHANGING WORLD.THE CURRENT CURRICULUM IS BASED ON TWO FUNDAMENTAL ASSUMPTIONS ABOUT AN EXETER EDUCATION. FIRST, EXETER VIEWS ITS CHARGE AS PROVIDING STUDENTS WITH A BROAD, LIBERAL ARTS PROGRAM THAT CREATES A STRONG FOUNDATION FOR CONTINUING STUDY AT THE COLLEGE AND UNIVERSITY LEVEL. SECOND, THE ACADEMY BELIEVES THE PROCESS OF EDUCATION IS AS IMPORTANT AS ITS CONTENT. FACULTY EMPHASIZE NOT MERELY WHAT THEY WANT STUDENTS TO KNOW, BUT ALSO WHAT SORTS OF INDIVIDUALS THEY WANT THEM TO BECOME: YOUNG PEOPLE WHOSE PASSION FOR LEARNING EXCEEDS WHAT THEY ALREADY KNOW AND WHOSE INTEREST IN OTHERS AND IN THE WORLD SURPASSES THEIR SELF-CONCERN. EXETER'S SCHOOL YEAR CONSISTS OF THREE TERMS, WHICH ALLOWS EXPANDED ELECTIVE CHOICES ACROSS A RANGE OF DISCIPLINES TO BE COMBINED WITH A FOCUS ON DEPTH OF STUDY IN ADVANCED COURSES IN EACH DEPARTMENT. STUDENTS NORMALLY ENROLL IN FIVE COURSES AND PARTICIPATE IN A SPORT EACH TERM.EVERY YEAR, STUDENTS COME TO US FROM AROUND THE WORLD AND ARE ADMITTED WITHOUT REGARD TO THE FAMILY'S ABILITY TO PAY. THE ACADEMY IS COMMITTED TO MEETING THE FULL DEMONSTRATED FINANCIAL NEED OF EACH ADMITTED STUDENT AND APPROXIMATELY HALF OF ALL ADMITTED STUDENTS RECEIVE FINANCIAL AID. | Desc |
Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $6,406,686 | ExpenseAmt |
| Grant | $896,328 | GrantAmt |
| Revenue | $7,151,052 | RevenueAmt |
| Desc | SEE SCHEDULE OPHILLIPS EXETER ACADEMY'S SUMMER SCHOOL: TYPICALLY, EVERY SUMMER PHILLIPS EXETER ACADEMY'S EXETER SUMMER PROGRAM, WHICH HAS BEEN IN OPERATION SINCE 1919, WELCOMES STUDENTS TO CAMPUS FOR FIVE WEEKS OF ACADEMIC STUDY, ATHLETICS, AND EXPLORATION THAT CARRY PARTICIPANTS FAR BEYOND THE CLASSROOMS AND THE PLAYING FIELDS. | Desc |
Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $755,038 | ExpenseAmt |
| Grant | $181,376 | GrantAmt |
| Revenue | $1,844,321 | RevenueAmt |
| Desc | AUXILIARY ENTERPRISES INCLUDE STUDENT GRILL, FACILITY RENTALS, AND THE CHILDREN'S CENTER WHICH SERVICE THE ACADEMY DURING BOTH SUMMER AND REGULAR SESSIONS. | Desc |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Expenses | $143,551,717 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (1) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (1) | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Lobbying Activities | Yes (1) | LobbyingActivitiesInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | Yes (1) | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | Yes (1) | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | Yes (1) | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | 0 | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (1) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (1) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (1) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | 0 | ConsolidatedAuditFinclStmtInd |
| School Operating | Yes (1) | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | Yes (1) | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | 0 | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Grants To Individuals | Yes (1) | GrantsToIndividualsInd |
| Schedule J Required | Yes (1) | ScheduleJRequiredInd |
| Tax Exempt Bonds | Yes (1) | TaxExemptBondsInd |
| Invest Tax Exempt Bonds | 0 | InvestTaxExemptBondsInd |
| Escrow Account | 0 | EscrowAccountInd |
| On Behalf Of Issuer | 0 | OnBehalfOfIssuerInd |
| Engaged In Excess Benefit Trans | 0 | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | 0 | PYExcessBenefitTransInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | 0 | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | Yes (1) | DeductibleNonCashContriInd |
| Deductible Art Contribution | Yes (1) | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | 0 | DisregardedEntityInd |
| Related Entity | Yes (1) | RelatedEntityInd |
| Related Organization Ctrl Ent | 0 | RelatedOrganizationCtrlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | 0 | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 426 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 1314 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | Yes (1) | UnrelatedBusIncmOverLimitInd |
| Form990 T Filed | Yes (1) | Form990TFiledInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributionsInd |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | 0 | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 22 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 21 | IndependentVotingMemberCnt |
| Family Or Business Rln | 0 | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | 0 | MembersOrStockholdersInd |
| Election Of Board Members | Yes (1) | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | 0 | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | 0 | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (1) | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | CA | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | IN | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | NH | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | OK | StatesWhereCopyOfReturnIsFldCd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | SAMANTHA K SLINEY | PersonNm |
| Phone | 6037773211 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 20 MAIN STREET | AddressLine1Txt |
| City | EXETER | CityNm |
| State Abbreviation | NH | StateAbbreviationCd |
| ZIP | 038332460 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (28 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Average Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Highest Compensated EmployeeHighestCompensatedEmployeeInd |
|---|---|---|---|---|---|---|---|---|
| WILLIAM RAWSON | ||||||||
| PRINCIPAL | 40.00 | 0.00 | Yes (X) | Yes (X) | $655,338 | $0 | $213,372 | |
| KRISTYN MCLEOD VAN OSTERN | ||||||||
| PRESIDENT/TRUSTEE | 2.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||
| SUZI K COHEN | ||||||||
| VICE PRESIDENT/TRUSTEE | 2.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||
| BRADFORD BRINER | ||||||||
| TRUSTEE | 2.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||
| SAMUEL J BROWN | ||||||||
| TRUSTEE | 2.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||
| ELIZABETH A FLEMING | ||||||||
| TRUSTEE | 2.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||
| SCOTT SANG-WON HAHN | ||||||||
| TRUSTEE | 2.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||
| IRA D HELFAND | ||||||||
| TRUSTEE | 2.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||
| PAULINA L JEREZ | ||||||||
| TRUSTEE | 2.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||
| GILES K KEMP | ||||||||
| TRUSTEE | 2.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||
| ERIC A LOGAN | ||||||||
| TRUSTEE | 2.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||
| EUGENE P LYNCH | ||||||||
| TRUSTEE | 2.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||
| CIA BUCKLEY MARAKOVITS | ||||||||
| TRUSTEE | 2.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||
| CHRISTINE M ROBSON WEAVER | ||||||||
| TRUSTEE | 2.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||
| GENISHA SAVERIMUTHU | ||||||||
| TRUSTEE | 2.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||
| MICHAEL J SCHMIDTBERGER | ||||||||
| TRUSTEE | 2.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||
| PETER M SCOCIMARA | ||||||||
| TRUSTEE | 2.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||
| SANJAY SHETTY | ||||||||
| TRUSTEE | 2.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||
| LEROY SIMS | ||||||||
| TRUSTEE | 2.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||
| RHODA K TAMAKLOE | ||||||||
| TRUSTEE | 2.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||
| BELINDA A TATE | ||||||||
| TRUSTEE | 2.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||
| E JANNEY WILSON | ||||||||
| TRUSTEE | 2.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||
| MARIJKA BEAUCHESNE | ||||||||
| CHIEF FINANCIAL OFFICER | 40.00 | 0.00 | Yes (X) | $379,566 | $0 | $58,265 | ||
| TOM TSENG | ||||||||
| DIR. INTL. & PRINCIPAL GIFTS | 40.00 | 0.00 | $229,420 | $0 | $28,003 | Yes (X) | ||
| MORGAN DUDLEY | ||||||||
| DIR. OF INSTITUTIONAL ADVANCEMENT | 40.00 | 0.00 | $362,476 | $0 | $82,011 | Yes (X) | ||
| JUSTIN MERRILL | ||||||||
| DIRECTOR OF INVESTMENTS | 40.00 | 0.00 | $398,869 | $0 | $60,247 | Yes (X) | ||
| HOLLY BARCROFT | ||||||||
| GENERAL COUNSEL | 40.00 | 0.00 | $330,202 | $0 | $90,496 | Yes (X) | ||
| KAREN LASSEY | ||||||||
| ASSISTANT PRINCIPAL | 40.00 | 0.00 | $222,075 | $0 | $123,419 | Yes (X) | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $2,577,946 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $655,813 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 136 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (5 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| HARVEY CONSTRUCTION CO INC | |||||
| 10 HARVEY ROAD | BEDFORD | NH | 03110 | CONSTRUCTION SERVICES | $34,064,482 |
| CONSIGLI CONSTRUCTION CO INC | |||||
| 72 SUMNER STREET | MILFORD | NH | 01757 | CONSTRUCTION SERVICES | $4,570,742 |
| BEYER BLINDER BELLE ARCH & PLANNERS LLP | |||||
| 120 BROADWAY 20TH FL | NEW YORK | NY | 10271 | ARCHITECT CONSULTING | $659,742 |
| MARTINI NORTHERN LLC | |||||
| 10 MAIN STREET PO BOX 164 | NEWFIELDS | NH | 03856 | CONTRACT SERVICES | $603,640 |
| BLACKBAUD INC | |||||
| 65 FAIRCHILD STREET | CHARLESTON | SC | 29492 | IT CONSULTING SERVICES | $514,245 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 43 | CntrctRcvdGreaterThan100KCnt |
| All Other Contributions | $33,235,586 | AllOtherContributionsAmt |
| Noncash Contributions | $10,842,077 | NoncashContributionsAmt |
| Total Contributions | $33,235,586 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (2 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| STUDENT TUITION & FEES | 611710 | $73,256,376 | $73,256,376 |
| AUXILIARY & SUMMER PROGRAMS | 611710 | $8,193,916 | $8,193,916 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $81,450,292 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $8,966,107 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $1,186,827 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | -$299,657 | UnrelatedBusinessRevenueAmt |
| Exclusion | $8,078,937 | ExclusionAmt |
Gross Rents GrossRentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $580,587 | RealAmt |
Less Rental Expenses LessRentalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $0 | RealAmt |
Rental Income Or Loss RentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $580,587 | RealAmt |
Net Rental Income Or Loss NetRentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $580,587 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $391,710 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $188,877 | UnrelatedBusinessRevenueAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $733,724,015 | SecuritiesAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $618,843,028 | SecuritiesAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $114,880,987 | SecuritiesAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $114,880,987 | TotalRevenueColumnAmt |
| Unrelated Business Revenue | $1,751,241 | UnrelatedBusinessRevenueAmt |
| Exclusion | $113,129,746 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Sales Of Inventory | $975,073 | GrossSalesOfInventoryAmt |
| Cost Of Goods Sold | $747,376 | CostOfGoodsSoldAmt |
Net Income Or Loss NetIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $227,697 | TotalRevenueColumnAmt |
| Exclusion | $227,697 | ExclusionAmt |
Other Revenue Misc OtherRevenueMiscGrp (3 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt | ExclusionExclusionAmt |
|---|---|---|---|---|
| APPLICATION FEES | 611710 | $159,650 | $159,650 | |
| BOOKSTORE COMMISSIONS | 611710 | $61,082 | $61,082 | |
| TUITION REFUND INSURANCE | 611710 | $9,242 | $9,242 |
Miscellaneous Revenue MiscellaneousRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $294,722 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $294,722 | RelatedOrExemptFuncIncomeAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $524,696 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $239,865,952 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $83,492,443 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $1,640,461 | UnrelatedBusinessRevenueAmt |
| Exclusion | $121,497,462 | ExclusionAmt |
Grants To Domestic Individuals GrantsToDomesticIndividualsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $29,264,227 | TotalAmt |
| Program Services | $29,264,227 | ProgramServicesAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,223,452 | TotalAmt |
| Program Services | $466,751 | ProgramServicesAmt |
| Management And General | $601,117 | ManagementAndGeneralAmt |
| Fundraising | $155,584 | FundraisingAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $57,296,169 | TotalAmt |
| Program Services | $47,265,217 | ProgramServicesAmt |
| Management And General | $4,717,771 | ManagementAndGeneralAmt |
| Fundraising | $5,313,181 | FundraisingAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $6,060,194 | TotalAmt |
| Program Services | $5,051,328 | ProgramServicesAmt |
| Management And General | $500,706 | ManagementAndGeneralAmt |
| Fundraising | $508,160 | FundraisingAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $11,742,897 | TotalAmt |
| Program Services | $9,705,415 | ProgramServicesAmt |
| Management And General | $972,340 | ManagementAndGeneralAmt |
| Fundraising | $1,065,142 | FundraisingAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,236,776 | TotalAmt |
| Program Services | $3,437,674 | ProgramServicesAmt |
| Management And General | $412,666 | ManagementAndGeneralAmt |
| Fundraising | $386,436 | FundraisingAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $495,239 | TotalAmt |
| Management And General | $495,239 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $452,392 | TotalAmt |
| Management And General | $452,392 | ManagementAndGeneralAmt |
Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $522,004 | TotalAmt |
| Management And General | $522,004 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,808,178 | TotalAmt |
| Program Services | $2,905,553 | ProgramServicesAmt |
| Management And General | $591,394 | ManagementAndGeneralAmt |
| Fundraising | $311,231 | FundraisingAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $208,959 | TotalAmt |
| Program Services | $153,422 | ProgramServicesAmt |
| Fundraising | $55,537 | FundraisingAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,662,531 | TotalAmt |
| Program Services | $2,476,905 | ProgramServicesAmt |
| Management And General | $73,876 | ManagementAndGeneralAmt |
| Fundraising | $111,750 | FundraisingAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,145,638 | TotalAmt |
| Program Services | $2,716,661 | ProgramServicesAmt |
| Management And General | $268,419 | ManagementAndGeneralAmt |
| Fundraising | $160,558 | FundraisingAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $7,126,642 | TotalAmt |
| Program Services | $5,385,227 | ProgramServicesAmt |
| Management And General | $1,681,950 | ManagementAndGeneralAmt |
| Fundraising | $59,465 | FundraisingAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,450,644 | TotalAmt |
| Program Services | $1,962,679 | ProgramServicesAmt |
| Management And General | $91,453 | ManagementAndGeneralAmt |
| Fundraising | $396,512 | FundraisingAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,863,101 | TotalAmt |
| Program Services | $1,296,598 | ProgramServicesAmt |
| Management And General | $135,320 | ManagementAndGeneralAmt |
| Fundraising | $431,183 | FundraisingAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,928,046 | TotalAmt |
| Program Services | $2,827,849 | ProgramServicesAmt |
| Management And General | $69,441 | ManagementAndGeneralAmt |
| Fundraising | $30,756 | FundraisingAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $19,447,930 | TotalAmt |
| Program Services | $18,772,200 | ProgramServicesAmt |
| Management And General | $468,310 | ManagementAndGeneralAmt |
| Fundraising | $207,420 | FundraisingAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,979,824 | TotalAmt |
| Program Services | $999,990 | ProgramServicesAmt |
| Management And General | $942,105 | ManagementAndGeneralAmt |
| Fundraising | $37,729 | FundraisingAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt | FundraisingFundraisingAmt |
|---|---|---|---|---|
| FOOD/PROVISIONS | $2,890,923 | $2,890,923 | ||
| STUDENT REL. EXPENSES | $2,653,315 | $2,602,459 | $36,608 | $14,248 |
| PLANT REL. ACTIVITIES | $1,993,801 | $1,924,525 | $48,011 | $21,265 |
| MEMBERSHIP DUES | $408,095 | $346,225 | $26,583 | $35,287 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,488,810 | TotalAmt |
| Program Services | $1,099,889 | ProgramServicesAmt |
| Management And General | $340,259 | ManagementAndGeneralAmt |
| Fundraising | $48,662 | FundraisingAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $166,349,787 | TotalAmt |
| Program Services | $143,551,717 | ProgramServicesAmt |
| Management And General | $13,447,964 | ManagementAndGeneralAmt |
| Fundraising | $9,350,106 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $10,999,901 | BOYAmt |
| EOY | $18,729,002 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $73,730,597 | BOYAmt |
| EOY | $97,050,215 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $27,098,728 | BOYAmt |
| EOY | $26,017,246 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $103,480 | BOYAmt |
| EOY | $200,271 | EOYAmt |
Inventories For Sale Or Use InventoriesForSaleOrUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $397,338 | BOYAmt |
| EOY | $387,659 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,419,403 | BOYAmt |
| EOY | $3,913,277 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $651,139,641 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $260,003,683 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $375,078,157 | BOYAmt |
| EOY | $391,135,958 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $113,583,622 | BOYAmt |
| EOY | $29,222,580 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,398,732,064 | BOYAmt |
| EOY | $1,536,051,169 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $74,351,305 | BOYAmt |
| EOY | $93,587,643 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,078,494,595 | BOYAmt |
| EOY | $2,196,295,020 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $16,615,382 | BOYAmt |
| EOY | $12,703,359 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $16,681,171 | BOYAmt |
| EOY | $15,576,513 | EOYAmt |
Tax Exempt Bond Liabilities TaxExemptBondLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $80,000,000 | BOYAmt |
| EOY | $80,000,000 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $79,964,492 | BOYAmt |
| EOY | $72,545,835 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $193,261,045 | BOYAmt |
| EOY | $180,825,707 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $527,502,839 | BOYAmt |
| EOY | $575,319,408 | EOYAmt |
Donor Restriction Net Assets DonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,357,730,711 | BOYAmt |
| EOY | $1,440,149,905 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,885,233,550 | BOYAmt |
| EOY | $2,015,469,313 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,078,494,595 | BOYAmt |
| EOY | $2,196,295,020 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | $73,516,165 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | $52,327,422 | NetUnrlzdGainsLossesInvstAmt |
| Other Changes In Net Assets | $4,392,176 | OtherChangesInNetAssetsAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Separate Basis Fincl Stmt | Yes (X) | SeparateBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequiredInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| School | Yes (X) | SchoolInd |
Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $50,175,585 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $55,133,970 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $37,964,153 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $18,954,636 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $33,235,586 | CurrentTaxYearAmt |
| Total | $195,463,930 | TotalAmt |
Total Calendar Year170 TotalCalendarYear170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $50,175,585 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $55,133,970 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $37,964,153 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $18,954,636 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $33,235,586 | CurrentTaxYearAmt |
| Total | $195,463,930 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Substantial Contributors Tot | $15,653,298 | SubstantialContributorsTotAmt |
| Public Support Total170 | $179,810,632 | PublicSupportTotal170Amt |
Gross Investment Income170 GrossInvestmentIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $6,374,696 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $3,082,238 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $17,288,192 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $10,296,020 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $9,546,694 | CurrentTaxYearAmt |
| Total | $46,587,840 | TotalAmt |
Other Income170 OtherIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $175,161 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $673,439 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $967,616 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $948,388 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $1,036,155 | CurrentTaxYearAmt |
| Total | $3,800,759 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | $245,852,529 | TotalSupportAmt |
| Gross Receipts Rltd Activities | $363,444,168 | GrossReceiptsRltdActivitiesAmt |
| Public Support CY170 | 0.73140 | PublicSupportCY170Pct |
| Public Support PY170 | 0.72600 | PublicSupportPY170Pct |
| Thirty Thr Pct Suprt Tests CY170 | Yes (X) | ThirtyThrPctSuprtTestsCY170Ind |
Form990 Schedule A Part VI Form990ScheduleAPartVIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: | FormAndLineReferenceDesc |
| Explanation | OTHER INCOME - 2020 AMOUNT: $ 175,161. 2021 AMOUNT: $ 673,439. 2022 AMOUNT: $ 967,616. 2023 AMOUNT: $ 948,388. 2024 AMOUNT: $ 1,036,155. | ExplanationTxt |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| 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) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule C IRS990ScheduleC
Avg Total Lobbying Expend AvgTotalLobbyingExpendGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $0 | CurrentYearAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Volunteers | 0 | VolunteersInd |
| Paid Staff Or Management | 0 | PaidStaffOrManagementInd |
| Media Advertisements | 0 | MediaAdvertisementsInd |
| Mailings Members | 0 | MailingsMembersInd |
| Publications Or Broadcast | 0 | PublicationsOrBroadcastInd |
| Grants Other Organizations | 0 | GrantsOtherOrganizationsInd |
| Direct Contact Legislators | 0 | DirectContactLegislatorsInd |
| Rallies Demonstrations | 0 | RalliesDemonstrationsInd |
| Other Activities | Yes (1) | OtherActivitiesInd |
| Other Activities | $105,451 | OtherActivitiesAmt |
| Total Lobbying Expenditures | $105,451 | TotalLobbyingExpendituresAmt |
| Not Described Section501c3 | 0 | NotDescribedSection501c3Ind |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART II-B, LINE 1: | FormAndLineReferenceDesc |
| Explanation | PHILLIPS EXETER ACADEMY IS A MEMBER OF A NUMBER OF PROFESSIONAL AND EDUCATIONAL ASSOCIATIONS BENEFITTING BUSINESS OPERATIONS, EDUCATIONAL EXPERIENCES, AND STUDENT LIFE THAT MAY USE A PORTION OF MEMBERSHIP DUES TO LOBBY ON BEHALF OF THEIR MEMBERS. TOTAL MEMBERSHIP DUES PAID BETWEEN 7/1/24 AND 6/30/25 WAS $105,451. THE PORTION OF MEMBERSHIP DUES ALLOCATED TO LOBBYING ACTIVITIES BY THESE ASSOCIATIONS IS NOT DETERMINABLE. | ExplanationTxt |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Collection Used Pub Exhibition | Yes (X) | CollectionUsedPubExhibitionInd |
| Coll Used Scholarly Rsrch | Yes (X) | CollUsedScholarlyRsrchInd |
| Collection Used Preservation | Yes (X) | CollectionUsedPreservationInd |
| Solicited Assets Sale | 0 | SolicitedAssetsSaleInd |
CY Endwmt Fund CYEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $1,563,434,897 | BeginningYearBalanceAmt |
| Contributions | $20,887,190 | ContributionsAmt |
| Investment Earnings Or Losses | $173,415,520 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $23,991,914 | GrantsOrScholarshipsAmt |
| Other Expenditures | $55,817,928 | OtherExpendituresAmt |
| Administrative Expenses | $521,963 | AdministrativeExpensesAmt |
| End Year Balance | $1,677,405,802 | EndYearBalanceAmt |
CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $1,518,755,827 | BeginningYearBalanceAmt |
| Contributions | $12,235,929 | ContributionsAmt |
| Investment Earnings Or Losses | $128,721,364 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $22,904,037 | GrantsOrScholarshipsAmt |
| Other Expenditures | $72,867,426 | OtherExpendituresAmt |
| Administrative Expenses | $506,760 | AdministrativeExpensesAmt |
| End Year Balance | $1,563,434,897 | EndYearBalanceAmt |
CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $1,432,678,577 | BeginningYearBalanceAmt |
| Contributions | $18,254,460 | ContributionsAmt |
| Investment Earnings Or Losses | $138,381,111 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $22,475,570 | GrantsOrScholarshipsAmt |
| Other Expenditures | $47,590,751 | OtherExpendituresAmt |
| Administrative Expenses | $492,000 | AdministrativeExpensesAmt |
| End Year Balance | $1,518,755,827 | EndYearBalanceAmt |
CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $1,616,411,173 | BeginningYearBalanceAmt |
| Contributions | $23,826,079 | ContributionsAmt |
| Investment Earnings Or Losses | -$141,813,214 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $21,619,501 | GrantsOrScholarshipsAmt |
| Other Expenditures | $43,715,960 | OtherExpendituresAmt |
| Administrative Expenses | $410,000 | AdministrativeExpensesAmt |
| End Year Balance | $1,432,678,577 | EndYearBalanceAmt |
CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $1,313,339,317 | BeginningYearBalanceAmt |
| Contributions | $34,203,091 | ContributionsAmt |
| Investment Earnings Or Losses | $337,216,640 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $22,015,150 | GrantsOrScholarshipsAmt |
| Other Expenditures | $45,929,792 | OtherExpendituresAmt |
| Administrative Expenses | $402,933 | AdministrativeExpensesAmt |
| End Year Balance | $1,616,411,173 | EndYearBalanceAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated Balance EOY | 0.16880 | BoardDesignatedBalanceEOYPct |
| Prmnnt Endowment Balance EOY | 0.25540 | PrmnntEndowmentBalanceEOYPct |
| Term Endowment Balance EOY | 0.57580 | TermEndowmentBalanceEOYPct |
| Endowments Held Unrelated Org | Yes (1) | EndowmentsHeldUnrelatedOrgInd |
| Endowments Held Related Org | 0 | EndowmentsHeldRelatedOrgInd |
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $4,152,977 | OtherCostOrOtherBasisAmt |
| Book Value | $4,152,977 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $603,089,047 | OtherCostOrOtherBasisAmt |
| Depreciation | $238,614,227 | DepreciationAmt |
| Book Value | $364,474,820 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $30,640,367 | OtherCostOrOtherBasisAmt |
| Depreciation | $21,389,456 | DepreciationAmt |
| Book Value | $9,250,911 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $13,257,250 | OtherCostOrOtherBasisAmt |
| Book Value | $13,257,250 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $391,135,958 | TotalBookValueLandBuildingsAmt |
Other Securities OtherSecuritiesGrp (5 entries)
| DescDesc | Book ValueBookValueAmt | Method ValuationMethodValuationCd |
|---|---|---|
| PUBLIC EQUITY | $706,457,529 | F |
| PRIVATE EQUITY & REAL ESTATE | $415,402,708 | F |
| ABSOLUTE RETURN & LONG/SHORT | $382,813,971 | F |
| FIXED INCOME | $26,569,572 | F |
| OTHER | $4,807,389 | F |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Securities | $1,536,051,169 | TotalBookValueSecuritiesAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (7 entries)
| DescDesc | AmtAmt |
|---|---|
| ANNUITIES & DEFERRED GIVING | $33,502,095 |
| BONDS PAYABLE | $30,000,000 |
| BOND INTEREST RATE SWAP | $4,370,124 |
| ASSET RETIREMENT OBLIGATION | $4,030,669 |
| EMPLOYMENT RELATED OBLIGATIONS | $432,588 |
| STUDENT ORGANIZATION FUNDS | $191,422 |
| STUDENT INSURANCE PAYABLE & MEALS & ROOMS | $18,937 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $72,545,835 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $296,319,237 | TotalRevEtcAuditedFinclStmtAmt |
| Net Unrealized Gains Invst | $52,327,422 | NetUnrealizedGainsInvstAmt |
| Other Revenue | $7,116,321 | OtherRevenueAmt |
| Revenue Not Reported | $59,443,743 | RevenueNotReportedAmt |
| Revenue Subtotal | $236,875,494 | RevenueSubtotalAmt |
| Investment Expenses Not Incld | $2,094,130 | InvestmentExpensesNotIncldAmt |
| Other Revenues Not Included | $896,328 | OtherRevenuesNotIncludedAmt |
| Revenue Not Reported Fincl Stmt | $2,990,458 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $239,865,952 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $166,083,420 | TotExpnsEtcAuditedFinclStmtAmt |
| Other Expenses Included | $1,976,715 | OtherExpensesIncludedAmt |
| Expenses Not Reported | $1,976,715 | ExpensesNotReportedAmt |
| Expenses Subtotal | $164,106,705 | ExpensesSubtotalAmt |
| Investment Expenses Not Incld2 | $2,094,130 | InvestmentExpensesNotIncld2Amt |
| Other Expenses Not Included | $148,952 | OtherExpensesNotIncludedAmt |
| Expenses Not Rpt Fincl Stmt | $2,243,082 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $166,349,787 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (8 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART III, LINE 1A: | THE ACADEMY'S COLLECTIONS INCLUDE WORKS OF ART, LITERARY WORKS, HISTORICAL TREASURES, AND ARTIFACTS. THESE COLLECTIONS ARE PROTECTED AND PRESERVED FOR PUBLIC EXHIBITION, EDUCATION, RESEARCH, AND FURTHERANCE OF PUBLIC SERVICE. THE COLLECTIONS, THAT WERE ACQUIRED THROUGH PURCHASES AND CONTRIBUTIONS SINCE THE ACADEMY'S INCEPTION, ARE NOT RECOGNIZED AS ASSETS IN THE STATEMENT OF FINANCIAL POSITION OR CONTRIBUTIONS IN THE STATEMENT OF ACTIVITIES. PROCEEDS FROM DEACCESSIONS OR INSURANCE RECOVERIES ARE REFLECTED AS INCREASES IN THE APPROPRIATE NET ASSET CLASSES. THE COLLECTIONS ARE SUBJECT TO A POLICY THAT REQUIRES PROCEEDS FROM THEIR DEACCESSIONS OR INSURANCE RECOVERIES TO BE USED TO ACQUIRE OTHER ITEMS FOR COLLECTIONS. |
| PART III, LINE 4: | THE ACADEMY HAS BOOKS, PAINTINGS, AND OTHER ITEMS WITH HISTORICAL SIGNIFICANCE THAT ARE HELD FOR STUDY AND OBSERVATION BY OUR STUDENTS AND FACULTY. THESE OBJECTS ARE PRESERVED SO THAT THEY MAY PROVIDE EDUCATIONAL EXPERIENCE TO FUTURE GENERATIONS OF STUDENTS AND ADULTS IN THE CAMPUS COMMUNITY. |
| PART V, LINE 4: | PHILLIPS EXETER ACADEMY'S ENDOWED FUNDS ARE INVESTED INTO PERPETUITY AND THE INCOME IS USED TO FUND ACADEMY PROGRAMS. THE FUNDS ARE INVESTED FOR LONG TERM GROWTH SO THAT CURRENT AND FUTURE GENERATIONS OF STUDENTS WILL RECEIVE BENEFIT FROM THE FUNDS. |
| PART X, LINE 2: | THE ACADEMY IS A TAX-EXEMPT ORGANIZATION ACCORDING TO SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (IRC); HOWEVER, THE ACADEMY IS SUBJECT TO FEDERAL INCOME TAXES ON UNRELATED BUSINESS INCOME RELATED TO CERTAIN INVESTMENTS. DURING THE YEARS ENDED JUNE 30, 2025 AND 2024, THE ACADEMY EVALUATED ITS TAX POSITIONS AND CONCLUDED IT DID NOT HAVE ANY MATERIAL UNCERTAIN TAX POSITIONS. |
| PART XI, LINE 2D - OTHER ADJUSTMENTS: | TRANSFERS FROM ENDOWMENT TO PLANT 5,031,169. CHANGE IN VALUE OF FUNDS FOR DEFERRED GIVING 1,602,716. COS NETTED AGAINST GROSS REVENUE 747,376. PV ADJUSTMENTS FOR PHASED RETIREMENT PLAN 435,000. ASSET RETIREMENT OBLIGATION ADJUSTMENT -139,942. OTHER PLANT RELATED CHANGES -559,998. |
| PART XI, LINE 4B - OTHER ADJUSTMENTS: | SUMMER FIN AID NETTED AGAINST TUITION 896,328. |
| PART XII, LINE 2D - OTHER ADJUSTMENTS: | TRANSFER TO/FROM ENDOWMENT 5,222,591. INTEREST RATE SWAP ADJUSTMENT 43,425. OTHER PLANT RELATED -559,998. OTHER POST EMPLOYMENT BENEFIT COST -2,729,303. |
| PART XII, LINE 4B - OTHER ADJUSTMENTS: | SUMMER FIN AID NETTED AGAINST TUITION 896,328. COS NETTED AGAINST GROSS REVENUE -747,376. |
Schedule E IRS990ScheduleE
| Field | Value | IRS element (for citing) |
|---|---|---|
| Nondiscriminatory Policy Stmt | Yes (1) | NondiscriminatoryPolicyStmtInd |
| Policy Stmt In Brochures Etc | Yes (1) | PolicyStmtInBrochuresEtcInd |
| Plcy Pblczd Via Broadcast Media | 0 | PlcyPblczdViaBroadcastMediaInd |
| Maintain Racial Comp Recs | Yes (1) | MaintainRacialCompRecsInd |
| Maintain Scholarships Recs | Yes (1) | MaintainScholarshipsRecsInd |
| Maintain Cpy Of Brochures Etc | Yes (1) | MaintainCpyOfBrochuresEtcInd |
| Maintain Cpy Of All Sol | Yes (1) | MaintainCpyOfAllSolInd |
| Discriminate Race Stdnts Rghts | 0 | DiscriminateRaceStdntsRghtsInd |
| Discriminate Race Admiss Plcy | 0 | DiscriminateRaceAdmissPlcyInd |
| Discriminate Race Emplm Fculty | 0 | DiscriminateRaceEmplmFcultyInd |
| Discriminate Race Schs | 0 | DiscriminateRaceSchsInd |
| Discriminate Race Educ Plcy | 0 | DiscriminateRaceEducPlcyInd |
| Discriminate Race Use Of Fclts | 0 | DiscriminateRaceUseOfFcltsInd |
| Discriminate Race Athlt Prog | 0 | DiscriminateRaceAthltProgInd |
| Discriminate Race Other Acty | 0 | DiscriminateRaceOtherActyInd |
| Government Financial Aid Rcvd | 0 | GovernmentFinancialAidRcvdInd |
| Government Financial Aid Rvkd | 0 | GovernmentFinancialAidRvkdInd |
| Compliance With Rev Proc7550 | Yes (1) | ComplianceWithRevProc7550Ind |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| SCHEDULE E, PART I, LINE 3 | SEE SUPPLEMENTAL PAGE |
| SCHEDULE E, PART I, LINE 3: | RACIALLY NONDISCRIMINATORY POLICY THE POLICY IS EXPLAINED TO ALL CANDIDATES UPON APPLYING TO THE ACADEMY AND TO GUIDANCE COUNSELORS OF SCHOOLS THROUGHOUT THE COUNTRY AND FOREIGN COUNTRIES BY MEANS OF THE ACADEMY APPLICATION FORM AND WEBSITE. THE ACADEMY MEETS THE REQUIREMENTS OF SECTIONS 4.01 THROUGH 4.05 OF REV. PROC 75-50, COVERING RACIAL NONDISCRIMINATION, BECAUSE IT DRAWS A SUBSTANTIAL PERCENTAGE OF ITS STUDENTS FROM AROUND THE U.S. AND WORLD, ENROLLS STUDENTS FROM WIDE RANGING BACKGROUNDS, AND FOLLOWS A RACIALLY NONDISCRIMINATORY POLICY AS TO STUDENTS. |
Schedule F IRS990ScheduleF
Account Activities Outside US AccountActivitiesOutsideUSGrp (22 entries)
| RegionRegionTxt | OfficesOfficesCnt | EmployeeEmployeeCnt | Type Of Activities ConductedTypeOfActivitiesConductedTxt | Region Total ExpendituresRegionTotalExpendituresAmt | Specific Services ProvidedSpecificServicesProvidedTxt |
|---|---|---|---|---|---|
| CENTRAL AMERICA AND THE CARIBBEAN | 0 | 0 | INVESTMENTS | $569,845,268 | |
| EUROPE (INCLUDING ICELAND & GREENLAND) | 0 | 0 | INVESTMENTS | $34,742,406 | |
| NORTH AMERICA | 0 | 0 | INVESTMENTS | $7,647,984 | |
| EUROPE (INCLUDING ICELAND & GREENLAND) | 0 | 1 | PROGRAM SERVICES | $249,603 | STUDY PROGRAMS |
| EAST ASIA AND THE PACIFIC | 0 | 0 | FUNDRAISING | $66,957 | |
| EAST ASIA AND THE PACIFIC | 0 | 0 | PROGRAM SERVICES | $32,681 | ADMISSIONS RECRUITMENT |
| EUROPE (INCLUDING ICELAND & GREENLAND) | 0 | 0 | PROGRAM SERVICES | $23,757 | FACULTY DEVELOPMENT |
| EUROPE (INCLUDING ICELAND & GREENLAND) | 0 | 0 | FUNDRAISING | $17,382 | |
| EAST ASIA AND THE PACIFIC | 0 | 0 | PROGRAM SERVICES | $11,202 | STUDY PROGRAMS |
| EAST ASIA AND THE PACIFIC | 0 | 0 | PROGRAM SERVICES | $8,492 | FACULTY DEVELOPMENT |
| NORTH AMERICA | 0 | 0 | PROGRAM SERVICES | $8,087 | ADMISSIONS RECRUITMENT |
| MIDDLE EAST AND NORTH AFRICA | 0 | 0 | PROGRAM SERVICES | $2,965 | STUDY PROGRAMS |
| MIDDLE EAST AND NORTH AFRICA | 0 | 0 | PROGRAM SERVICES | $2,728 | ADMISSIONS RECRUITMENT |
| EUROPE (INCLUDING ICELAND & GREENLAND) | 0 | 0 | PROGRAM SERVICES | $2,651 | ADMISSIONS RECRUITMENT |
| SOUTH AMERICA | 0 | 0 | PROGRAM SERVICES | $2,294 | FACULTY DEVELOPMENT |
| SOUTH AMERICA | 0 | 0 | PROGRAM SERVICES | $1,779 | STUDY PROGRAMS |
| SOUTH ASIA | 0 | 0 | PROGRAM SERVICES | $1,470 | ADMISSIONS RECRUITMENT |
| NORTH AMERICA | 0 | 0 | PROGRAM SERVICES | $884 | FACULTY DEVELOPMENT |
| NORTH AMERICA | 0 | 0 | PROGRAM SERVICES | $574 | STUDY PROGRAMS |
| SUB-SAHARAN AFRICA | 0 | 0 | PROGRAM SERVICES | $399 | ADMISSIONS RECRUITMENT |
| CENTRAL AMERICA AND THE CARIBBEAN | 0 | 0 | PROGRAM SERVICES | $216 | STUDY PROGRAMS |
| NORTH AMERICA | 0 | 0 | FUNDRAISING | $41 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Subtotal Offices | 0 | SubtotalOfficesCnt |
| Subtotal Employees | 1 | SubtotalEmployeesCnt |
| Continuation Total Office | 0 | ContinuationTotalOfficeCnt |
| Continuation Total Employee | 0 | ContinuationTotalEmployeeCnt |
| Total Office | 0 | TotalOfficeCnt |
| Total Employee | 1 | TotalEmployeeCnt |
| Subtotal Spent | $612,626,038 | SubtotalSpentAmt |
| Continuation Spent | $43,782 | ContinuationSpentAmt |
| Total Spent | $612,669,820 | TotalSpentAmt |
| Transfer To Foreign Corp | Yes (1) | TransferToForeignCorpInd |
| Interest In Foreign Trust | 0 | InterestInForeignTrustInd |
| Foreign Corp Ownership | Yes (1) | ForeignCorpOwnershipInd |
| Passive Foreign Investmest Co | Yes (1) | PassiveForeignInvestmestCoInd |
| Foreign Partnership | Yes (1) | ForeignPartnershipInd |
| Boycott Countries | 0 | BoycottCountriesInd |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, LINE 3: | FormAndLineReferenceDesc |
| Explanation | THE ACADEMY USES THE ACCRUAL METHOD OF ACCOUNTING AND REPORTS THE TOTAL BOOK VALUE OF INVESTMENTS IN THE AGGREGATE BY REGION ON THE 990. FOREIGN TRAVEL EXPENSES ARE REPORTED ON THE 990 BASED ON THE ACCRUAL METHOD USED TO ACCOUNT FOR THEM IN THE FINANCIAL STATEMENTS. AT YEAR END THE EXPENSES ARE MANUALLY AGGREGATED BY REGION, ACTIVITY AND TYPE OF SERVICE. | ExplanationTxt |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (1) | GrantRecordsMaintainedInd |
Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp (4 entries)
| Grant TypeGrantTypeTxt | RecipientRecipientCnt | Non Cash AssistanceNonCashAssistanceAmt | Valuation Method UsedValuationMethodUsedDesc | Non Cash AssistanceNonCashAssistanceDesc | Cash GrantCashGrantAmt |
|---|---|---|---|---|---|
| REGULAR SESSION SCHOLARSHIP | 498 | $26,160,572 | FMV | TUITION FEES/ASSISTANCE | |
| REGULAR SESSION OTHER AID | 498 | $1,930,319 | FMV | OTHER FINANCIAL ASSISTANCE | $95,632 |
| SUMMER PROGRAM SCHOLARSHIPS | 135 | $896,328 | FMV | TUITION FEES/ASSISTANCE | |
| AUXILIARY AID | $181,376 | FMV | OTHER FINANCIAL ASSISTANCE |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, LINE 2: | FormAndLineReferenceDesc |
| Explanation | MONITORING GRANT FUNDS SCHOLARSHIPS AND MOST FINANCIAL ASSISTANCE CREDITS ARE NON CASH AND ARE APPLIED DIRECTLY TO STUDENT ACCOUNTS AT THE ACADEMY. ON OCCASION FINANCIAL AID STUDENTS ARE REIMBURSED FOR NECESSARY EXPENSES SUCH AS TRANSPORTATION OR THE COST OF COMPUTER EQUIPMENT. DOCUMENTATION EVIDENCING PAYMENT BY THE STUDENT IS REQUIRED BEFORE DISBURSEMENT OF CASH AID IS MADE. PHILLIPS EXETER ACADEMY MAINTAINS EXTENSIVE RECORDS TO JUSTIFY BOTH AWARDS AND THE FINANCIAL NEED ELIGIBILITY OF THE RECIPIENTS. | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Housing Allowance Or Residence | Yes (X) | HousingAllowanceOrResidenceInd |
| Club Dues Or Fees | Yes (X) | ClubDuesOrFeesInd |
| Personal Services | Yes (X) | PersonalServicesInd |
| Written Policy Ref T And E Expnss | Yes (1) | WrittenPolicyRefTAndEExpnssInd |
| Substantiation Required | Yes (1) | SubstantiationRequiredInd |
| Compensation Committee | Yes (X) | CompensationCommitteeInd |
| Independent Consultant | Yes (X) | IndependentConsultantInd |
| Form990 Of Other Organizations | Yes (X) | Form990OfOtherOrganizationsInd |
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | 0 | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | Yes (1) | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | 0 | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | 0 | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | 0 | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | 0 | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | 0 | AnyNonFixedPaymentsInd |
| Initial Contract Exception | 0 | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (7 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| WILLIAM RAWSON | ||||||||||||||
| PRINCIPAL | $618,959 | $0 | $0 | $0 | $36,379 | $0 | $165,546 | $0 | $47,826 | $0 | $868,710 | $0 | $0 | $0 |
| JUSTIN MERRILL | ||||||||||||||
| DIRECTOR OF INVESTMENTS | $398,779 | $0 | $0 | $0 | $90 | $0 | $38,852 | $0 | $21,395 | $0 | $459,116 | $0 | $0 | $0 |
| MORGAN DUDLEY | ||||||||||||||
| DIR. OF INSTITUTIONAL ADVANCEMENT | $362,080 | $0 | $0 | $0 | $396 | $0 | $41,400 | $0 | $40,611 | $0 | $444,487 | $0 | $0 | $0 |
| MARIJKA BEAUCHESNE | ||||||||||||||
| CHIEF FINANCIAL OFFICER | $379,491 | $0 | $0 | $0 | $75 | $0 | $38,852 | $0 | $19,413 | $0 | $437,831 | $0 | $0 | $0 |
| HOLLY BARCROFT | ||||||||||||||
| GENERAL COUNSEL | $330,127 | $0 | $0 | $0 | $75 | $0 | $38,852 | $0 | $51,644 | $0 | $420,698 | $0 | $0 | $0 |
| KAREN LASSEY | ||||||||||||||
| ASSISTANT PRINCIPAL | $219,417 | $0 | $0 | $0 | $2,658 | $0 | $27,923 | $0 | $95,496 | $0 | $345,494 | $0 | $0 | $0 |
| TOM TSENG | ||||||||||||||
| DIR. INTL. & PRINCIPAL GIFTS | $229,162 | $0 | $0 | $0 | $258 | $0 | $27,499 | $0 | $504 | $0 | $257,423 | $0 | $0 | $0 |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART I, LINE 1A | THE PRINCIPAL AND ASSISTANT PRINCIPAL LIVE ON CAMPUS AS A CONDITION OF EMPLOYMENT AND FOR THE CONVENIENCE OF THE EMPLOYER, TO PARTICIPATE IN ACTIVITIES WITH THE STUDENTS AND TO CONDUCT BUSINESS OUTSIDE NORMAL BUSINESS HOURS. THE VALUE OF ON-CAMPUS HOUSING IS A NONTAXABLE BENEFIT REPORTED ON SCHEDULE J, PART II, COLUMN D. THE RESIDENCE OF THE PRINCIPAL IS USED THROUGHOUT THE YEAR FOR ACADEMY RELATED EVENTS. A HOUSEKEEPING SERVICE CLEANS THE RESIDENCE. THE SERVICE IS ALLOCATED BETWEEN THE PUBLIC AND PRIVATE SPACES. CLEANING OF THE PRIVATE RESIDENCE IS INCLUDED IN PRINCIPAL RAWSON'S TAXABLE COMPENSATION. FOR CALENDAR YEAR 2024, MORGAN DUDLEY AND WILLIAM RAWSON HAD SOCIAL CLUB MEMBERSHIPS IN CONNECTION WITH THE ORGANIZATION'S BUSINESS PURPOSES AND INSTITUTIONAL ADVANCEMENT. |
| PART I, LINE 4B | THE PRINCIPAL PARTICIPATED IN A DEFERRED COMPENSATION ARRANGEMENT DURING CALENDAR YEAR 2024. AMOUNTS ACCRUED UNDER THE PLAN FOR THE YEAR ARE REPORTED ON SCHEDULE J, PART II, COLUMN (C). THE ACCRUED AMOUNTS ARE SUBJECT TO FUTURE PERFORMANCE OBLIGATIONS. NO AMOUNTS WERE PAID OR DISTRIBUTED UNDER THE PLAN DURING CALENDAR YEAR 2024. |
Schedule K IRS990ScheduleK
Tax Exempt Bonds Issues TaxExemptBondsIssuesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
Issuer Name IssuerName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | NH HEALTH & EDUCATION FACILITIES AUTHORITY | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Issuer EIN | 020279866 | BondIssuerEIN |
| CUSIP | 644614SZ3 | CUSIPNum |
| Bond Issued | 2016-04-01 | BondIssuedDt |
| Issue Price | $80,000,000 | IssuePriceAmt |
| Purpose | SEE PART VI | PurposeDesc |
| Defeased | 0 | DefeasedInd |
| On Behalf Of Issuer | 0 | OnBehalfOfIssuerInd |
| Pool Financing | 0 | PoolFinancingInd |
Tax Exempt Bonds Proceeds TaxExemptBondsProceedsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Total Proceeds | $80,130,819 | TotalProceedsAmt |
| Issuance Costs From Proceeds | $490,448 | IssuanceCostsFromProceedsAmt |
| Capital Expenditures | $29,640,371 | CapitalExpendituresAmt |
| Other Spent Proceeds | $50,000,000 | OtherSpentProceedsAmt |
| Substantial Completion | 2018 | SubstantialCompletionYr |
| Refunding Tax Exempt Bonds | Yes (1) | RefundingTaxExemptBondsInd |
| Refunding Taxable Bonds | 0 | RefundingTaxableBondsInd |
| Final Allocation Made | Yes (1) | FinalAllocationMadeInd |
| Adequate Books And Rec Maint | Yes (1) | AdequateBooksAndRecMaintInd |
Tax Exempt Bonds Private Bus Use TaxExemptBondsPrivateBusUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Owning Bond Financed Property | 0 | OwningBondFinancedPropertyInd |
| Any Lease Arrangements | 0 | AnyLeaseArrangementsInd |
| Mgmt Contract Bond Fincd Prop | 0 | MgmtContractBondFincdPropInd |
| Any Research Agreements | 0 | AnyResearchAgreementsInd |
| Private Bus Concerning UBI | 0.00260 | PrivateBusConcerningUBIPct |
| Total Private Business Use | 0.00260 | TotalPrivateBusinessUsePct |
| Bond Iss Meet Prvt Sec Pymt Test | 0 | BondIssMeetPrvtSecPymtTestInd |
| Change In Use Bond Financed Prop | 0 | ChangeInUseBondFinancedPropInd |
| Procs Nonqualified Bond Remdtd | Yes (1) | ProcsNonqualifiedBondRemdtdInd |
Tax Exempt Bonds Arbitrage TaxExemptBondsArbitrageGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Form8038 T Filed | 0 | Form8038TFiledInd |
| Rebate Not Due Yet | 0 | RebateNotDueYetInd |
| Exception To Rebate | 0 | ExceptionToRebateInd |
| No Rebate Due | Yes (1) | NoRebateDueInd |
| Variable Rate Issue | Yes (1) | VariableRateIssueInd |
| Hedge Identified In Bks And Rec | Yes (1) | HedgeIdentifiedInBksAndRecInd |
Hedge Provider Name HedgeProviderName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | BNY MELLON | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Term Of Hedge | 34.250000000000 | TermOfHedgePct |
| Superintegrated Hedge | 0 | SuperintegratedHedgeInd |
| Hedge Terminated | 0 | HedgeTerminatedInd |
| Gross Proceeds Invested In GIC | 0 | GrossProceedsInvestedInGICInd |
| Gross Proceeds Invested | 0 | GrossProceedsInvestedInd |
| Written Proc To Monitor Reqs | Yes (1) | WrittenProcToMonitorReqsInd |
Procedures Corrective Action ProceduresCorrectiveActionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Procedures Corrective Action | Yes (1) | ProceduresCorrectiveActionInd |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART I, LINE A, COLUMN F: | BOND PURPOSE : CAPITAL CONSTRUCTION AND REFUNDING OF 2007 BOND |
| PART II, LINE 3: | INCLUDES INTEREST EARNED OF $130,819 PART IV, LINE 2C: REBATE CALCULATION PERFORMED 4/1/2025 |
Schedule M IRS990ScheduleM
Works Of Art WorksOfArtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Contribution | 1 | ContributionCnt |
| Noncash Contributions Rpt F990 | $0 | NoncashContributionsRptF990Amt |
Securities Publicly Traded SecuritiesPubliclyTradedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Contribution | 142 | ContributionCnt |
| Noncash Contributions Rpt F990 | $10,842,077 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | FMV | MethodOfDeterminingRevenuesTxt |
Historical Artifacts HistoricalArtifactsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Contribution | 2 | ContributionCnt |
| Noncash Contributions Rpt F990 | $0 | NoncashContributionsRptF990Amt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form8283 Received | 1 | Form8283ReceivedCnt |
| Any Property That Must Be Held | 0 | AnyPropertyThatMustBeHeldInd |
| Review Process Unusual NC Gifts | Yes (1) | ReviewProcessUnusualNCGiftsInd |
| Third Parties Used | 0 | ThirdPartiesUsedInd |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART I, COLUMN (B): | THE NUMBER OF CONTRIBUTIONS ARE USED FOR REPORTING THE LIST OF NONCASH CONTRIBUTIONS. |
| PART I, LINE 33: | GIFTS IN KIND LISTED IN PART I OF SCHEDULE M THAT ARE NOT LIQUIDATED AND ARE IMMATERIAL IN NATURE ARE CONSIDERED PART OF THE ACADEMY'S COLLECTIONS AND MAY INCLUDE WORKS OF ART, LITERARY WORK, HISTORICAL TREASURES, AND ARTIFACTS. THESE COLLECTIONS ARE PROTECTED AND PRESERVED FOR PUBLIC EXHIBITION, EDUCATION OR RESEARCH. THESE COLLECTIONS ARE NOT RECOGNIZED AS ASSETS OR CONTRIBUTIONS IN THE ACADEMY'S FINANCIAL STATEMENTS. |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (8 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART I, LINE 1 AND PART III, DESCRIPTION OF ORGANIZATION MISSION: | UNITE GOODNESS AND KNOWLEDGE AND INSPIRE YOUTH FROM EVERY QUARTER TO LEAD PURPOSEFUL LIVES. [TEXT IN QUOTATIONS IS TAKEN FROM THE ACADEMY'S DEED OF GIFT, DRAFTED IN 1781] KNOWLEDGE AND GOODNESS "ABOVE ALL, IT IS EXPECTED THAT THE ATTENTION OF INSTRUCTORS TO THE DISPOSITION OF THE MINDS AND MORALS OF THE YOUTH UNDER THEIR CHARGE WILL EXCEED EVERY OTHER CARE; WELL CONSIDERING THAT THOUGH GOODNESS WITHOUT KNOWLEDGE IS WEAK AND FEEBLE, YET KNOWLEDGE WITHOUT GOODNESS IS DANGEROUS, AND THAT BOTH UNITED FORM THE NOBLEST CHARACTER, AND LAY THE SUREST FOUNDATION OF USEFULNESS TO [HU]MANKIND." EXETER TODAY CONTINUES THE COMMITMENT TO UNITE KNOWLEDGE AND GOODNESS. THE CHALLENGES THAT STUDENTS MEET AT EXETER AND THE SUPPORT THEY RECEIVE HAVE A COMMON OBJECTIVE: TO STIMULATE THEIR DEVELOPMENT AS INDIVIDUALS AND PREPARE THEM TO LEAD PURPOSEFUL LIVES. ACADEMIC EXCELLENCE ACADEMIC EXCELLENCE IS A SIGNATURE STRENGTH OF PHILLIPS EXETER ACADEMY. IN EVERY DISCIPLINE AND AT EVERY LEVEL WITHIN OUR CURRICULUM WE INSPIRE STUDENTS TO DEVELOP CRITICAL THINKING SKILLS AND SEEK COMPLEX TRUTHS. INTELLECTUAL EXPLORATION THROUGH RIGOROUS INQUIRY AND THOUGHTFUL DISCOURSE AT THE HARKNESS TABLE NURTURES INQUISITIVENESS, CREATIVITY, INSIGHT, EMPATHY, INDEPENDENT THOUGHT AND MASTERY IN OUR STUDENTS. YOUTH FROM EVERY QUARTER "THE ACADEMY SHALL EVER BE EQUALLY OPEN TO YOUTH OF REQUISITE QUALIFICATION FROM EVERY QUARTER." WE SEEK TO BUILD AN INTENTIONALLY DIVERSE COMMUNITY OF STUDENTS AND ADULTS. WE ARE COMMITTED TO TEACHING THE SKILLS, MODELING THE BEHAVIORS, PROVIDING THE RESOURCES AND CULTIVATING THE INCLUSION AND EQUITY THAT ARE REQUIRED TO UNLOCK THE RICHNESS OF THAT DIVERSITY. OUR HARKNESS PEDAGOGY IS GROUNDED IN THE BELIEF THAT WE ARE ALL BETTER EQUIPPED TO LEARN AND TO LEAD WHEN OUR THOUGHTS ARE TESTED BY OTHERS, PARTICULARLY BY THOSE WHOSE IDEAS, PERSPECTIVES, EXPERIENCES OR IDENTITIES DIFFER FROM OUR OWN. YOUTH IS THE IMPORTANT PERIOD THE "TIME OF YOUTH IS THE IMPORTANT PERIOD" TO INSTILL A LASTING CAPACITY TO NURTURE ONE'S SELF, DEVELOP A SENSE OF ONE'S OWN POTENTIAL AND CONSIDER ONE'S PLACE IN THE LARGER WHOLE. OUR RESIDENTIAL COMMUNITY ENCOURAGES STUDENTS TO EXPLORE EMERGING INTERESTS - ACADEMIC, ARTISTIC, ATHLETIC AND EXTRACURRICULAR - WITH SIMILARLY MOTIVATED PEERS AND IN THE PROCESS DEVELOP THEIR VALUES AND PASSIONS AND THE AGENCY NEEDED TO CARRY THESE FORWARD. NON SIBI NON SIBI, OR NOT FOR ONESELF, INSCRIBED ON EXETER'S SEAL, ATTESTS TO THE PHILOSOPHY THAT WISDOM GAINED HERE SHOULD BE USED FOR OTHERS AS WELL AS FOR ONESELF. EXONIANS ARE MOTIVATED BY THIS PHILOSOPHY TO FACE THE CHALLENGES OF THEIR DAY. TEACHING AND LIVING THE PRINCIPLES OF A JUST AND SUSTAINABLE SOCIETY - ENVIRONMENTALLY, ECONOMICALLY AND SOCIALLY - ARE FUNDAMENTAL TO THIS PHILOSOPHY TODAY. EXETER SEEKS TO GRADUATE YOUNG PEOPLE WHOSE AMBITIONS AND ACTIONS ARE INSPIRED BY THEIR INTEREST IN OTHERS AND THE WORLD AROUND THEM. |
| FORM 990, PART VI, SECTION A, LINE 1A | THE EXECUTIVE COMMITTEE WHICH CONSISTS OF THE PRESIDENT, THE VICE PRESIDENT, THE PRINCIPAL AND NOT FEWER THAN TWO OTHER TRUSTEES SHALL HAVE THE POWERS OF THE TRUSTEES IN THE INTERVALS BETWEEN TRUSTEES' MEETINGS. THEY MAY ACT, ON BEHALF OF THE TRUSTEES, UPON ALL MATTERS EXCEPT THOSE WHICH, IN THE OPINION OF THE COMMITTEE SHOULD AWAIT THE NEXT MEETING OF THE TRUSTEES. ALL ACTION SO TAKEN SHALL BE DEEMED THE ACTION OF THE TRUSTEES. |
| FORM 990, PART VI, SECTION A, LINE 7A | THE EXETER ALUMNI ASSOCIATION (EAA) BOARD OF DIRECTORS CONSISTS OF 20 REGULAR MEMBERS. THEY ELECT FOUR OFFICERS: PRESIDENT, TWO VICE-PRESIDENTS AND A SECRETARY. THE PRESIDENT AND TWO VICE-PRESIDENTS SERVE WITH THE ACADEMY'S BOARD OF TRUSTEES FOR THEIR TERMS AS EAA OFFICERS WHICH CAN BE A PERIOD FROM 2-6 YEARS. |
| FORM 990, PART VI, SECTION B, LINE 11B | PHILLIPS EXETER ACADEMY'S FORM 990 IS PREPARED BY THE FINANCE DEPARTMENT IN COLLABORATION WITH OUTSIDE TAX CONSULTANTS. THE REVIEW PROCESS STARTS WITH THE DIRECTOR OF FINANCE, CFO, AND GENERAL COUNSEL, FOLLOWED BY THE CHAIR OF THE AUDIT AND RISK COMMITTEE. THE COMPLETED FORM, WITH THE EXCEPTION OF ONE LINE ON SCHEDULE B, WHICH REDACTS THE IDENTITY OF A DONOR, IS THEN PROVIDED TO ALL TRUSTEES FOR REVIEW PRIOR TO FILING WITH THE IRS. |
| FORM 990, PART VI, SECTION B, LINE 12C | PHILLIPS EXETER ACADEMY MAINTAINS A WRITTEN CONFLICT OF INTEREST POLICY REQUIRING DISCLOSURE OF RELEVANT FACTS THAT GIVE RISE TO A POTENTIAL CONFLICT OF INTEREST. ANNUALLY, TRUSTEES, MEMBERS OF THE INVESTMENT COMMITTEE, ADMINISTRATORS, AND STAFF WITH PURCHASING RESPONSIBILITIES ARE REQUIRED TO ACKNOWLEDGE IN WRITING THAT THEY HAVE READ, UNDERSTAND AND SIGN A CONFLICT OF INTEREST DISCLOSURE. ADDITIONALLY, AT THE END OF THE FISCAL YEAR AND BEFORE THE SUBMISSION OF FORM 990, EACH TRUSTEE, OFFICER AND/OR KEY EMPLOYEE IS PROVIDED WITH A QUESTIONNAIRE REQUIRING DISCLOSURE OF ANY CONFLICTS OF INTEREST THAT MAY HAVE EXISTED DURING THE PRIOR FISCAL YEAR. |
| FORM 990, PART VI, SECTION B, LINE 15 | PHILLIPS EXETER ACADEMY MAINTAINS AN EXECUTIVE COMPENSATION PHILOSOPHY INTENDED TO COMPLY WITH IRC 4958 INTERMEDIATE SANCTIONS THAT REQUIRES PERIODIC REVIEW OF PEER INSTITUTIONS FOR COMPENSATION COMPARISONS AMONG EXECUTIVES DEEMED "DISQUALIFIED PERSONS." THE BOARD OF TRUSTEES APPROVES THEIR SALARIES ANNUALLY AND DOCUMENTS THEIR DETERMINATIONS IN MEETING MINUTES. OTHER EXECUTIVE COMPENSATION IS BASED ON A REVIEW OF PEER SCHOOLS USING ABOPS AND OTHER SALARY SURVEY DATA AND IS APPROVED BY THE ADMINISTRATION. THE MOST RECENT COMPENSATION STUDY WAS PERFORMED DURING THE FISCAL YEAR. |
| FORM 990, PART VI, SECTION C, LINE 19 | PHILLIPS EXETER ACADEMY'S GOVERNING DOCUMENTS, STATEMENT OF FINANCIAL POSITION, STATEMENT OF ACTIVITIES AND CONFLICT OF INTEREST POLICY ARE AVAILABLE TO THE PUBLIC UPON REQUEST. |
| FORM 990, PART XI, LINE 9: | OTHER POST EMPLOYMENT BENEFIT COSTS 2,729,304. CHANGE IN VALUE OF FUNDS FOR DEFERRED GIVING 1,602,716. MISCELLEANOUS 585,196. INTEREST RATE SWAP ADJUSTMENT (EB) -43,425. RECLASSIFICATIONS -481,615. |
Schedule R IRS990ScheduleR
Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp (4 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | EINEIN | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | Exempt Code SectionExemptCodeSectionTxt | Public Charity StatusPublicCharityStatusTxt | Direct Controlling NADirectControllingNACd | Controlled OrganizationControlledOrganizationInd |
|---|---|---|---|---|---|---|---|---|---|---|
| HEINZ EXETER SCHOLARSHIP FUND | ||||||||||
| PO BOX 185 | PITTSBURGH | PA | 15201 | 251482044 | SCHOLARSHIP | PA | 501(C)(3) | PF | N/A | 0 |
| MSSC TRUST FBO PHILLIPS EXETER ACADEMY | ||||||||||
| PO BOX 748 | SULLIVANS ISLAND | SC | 29482 | 576114852 | SCHOLARSHIP | SC | 501(C)(3) | LINE 12D, III-O | N/A | 0 |
| YOCUM FAMILY PERPETUAL CHARITABLE TRUST | ||||||||||
| 1100 N MARKET ST | WILMINGTON | DE | 19890 | 237704439 | SCHOLARSHIP | PA | 501(C)(3) | LINE 12D, III-O | N/A | 0 |
| TUW PHILENA R PEABODY-LLOYD 01-34608 | ||||||||||
| PO BOX 803878 | CHICAGO | IL | 60680 | 366088658 | SCHOLARSHIP | IL | 501(C)(3) | LINE 12D, III-O | N/A | 0 |
Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp (2 entries)
| Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | Direct Controlling NADirectControllingNACd | Entity TypeEntityTypeTxt | Controlled OrganizationControlledOrganizationInd |
|---|---|---|---|---|
| POOLED INCOME FUND (2) | ||||
| FUNDRAISING | NH | N/A | T | 0 |
| CHARITABLE REMAINDER TRUST (79) | ||||
| FUNDRAISING | CA | N/A | T | 0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | 0 | ReceiptOfIntAnntsRntsRyltsInd |
| Gift Grnt Or Cap Contri To Oth Org | 0 | GiftGrntOrCapContriToOthOrgInd |
| Gift Grnt Cap Contri From Oth Org | Yes (1) | GiftGrntCapContriFromOthOrgInd |
| Loans Or Guarantees To Other Org | 0 | LoansOrGuaranteesToOtherOrgInd |
| Loans Or Guarantees From Oth Org | 0 | LoansOrGuaranteesFromOthOrgInd |
| Div Related Organization | 0 | DivRelatedOrganizationInd |
| Asset Sale To Other Org | 0 | AssetSaleToOtherOrgInd |
| Asset Purchase From Other Org | 0 | AssetPurchaseFromOtherOrgInd |
| Asset Exchange | 0 | AssetExchangeInd |
| Rental Of Facilities To Oth Org | 0 | RentalOfFacilitiesToOthOrgInd |
| Rental Of Fclts From Oth Org | 0 | RentalOfFcltsFromOthOrgInd |
| Perform Of Services For Oth Org | 0 | PerformOfServicesForOthOrgInd |
| Perform Of Services By Other Org | 0 | PerformOfServicesByOtherOrgInd |
| Sharing Of Facilities | 0 | SharingOfFacilitiesInd |
| Paid Employees Sharing | 0 | PaidEmployeesSharingInd |
| Reimbursement Paid To Other Org | 0 | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | 0 | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | 0 | TransferToOtherOrgInd |
| Transfer From Other Org | Yes (1) | TransferFromOtherOrgInd |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART IV, LINE (2), COLUMN (C): | FormAndLineReferenceDesc |
| Explanation | CA, DE, FL, IA, IL, MA, MD, MI, NC, NJ, NY, OH, PA, RI, SD, TX | ExplanationTxt |