FAY SCHOOL INC: Form 990, tax year 2024
View the entire original 990 at ProPublica ↗
- Organization
- FAY SCHOOL INC (EIN 04-2103573)
- Tax period
- 2024-07-01 to 2025-06-30
- Filed
- 2026-05-01
- IRS object ID
- 202611219349301601
- 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 D
- Schedule E
- Schedule F
- Schedule G
- Schedule I
- Schedule J
- Schedule K
- Schedule L
- Schedule M
- Schedule O
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2026-05-01T10:31:08-05:00 | ReturnTs |
| Tax Period End | 2025-06-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 410746749 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CLIFTONLARSONALLEN | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 29 SOUTH MAIN STREET 4TH FLOOR | AddressLine1Txt |
| City | WEST HARTFORD | CityNm |
| State Abbreviation | CT | StateAbbreviationCd |
| ZIP | 06107 | 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 | 042103573 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | THE FAY SCHOOL INC | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | FAYS | BusinessNameControlTxt |
| Phone | 5084850100 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 48 MAIN STREET | AddressLine1Txt |
| City | SOUTHBOROUGH | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 017721595 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | DIANE BYRNE | PersonNm |
| Person Title | ASS'T HEAD FOR FINANCE AND OPS | PersonTitleTxt |
| Phone | 5084850100 | PhoneNum |
| Signature | 2026-04-30 | 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 | JOHN TOSCANO | PreparerPersonNm |
| PTIN | P00358542 | PTIN |
| Phone | 8605614000 | PhoneNum |
| Preparation | 2026-04-30 | PreparationDt |
| 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 | SUSANNA WATERS | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 48 MAIN STREET | AddressLine1Txt |
| City | SOUTHBOROUGH | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 017721595 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $59,610,798 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | HTTPS://WWW.FAYSCHOOL.ORG/ | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1866 | FormationYr |
| Legal Domicile State | MA | LegalDomicileStateCd |
| Activity Or Mission | TO NURTURE EACH CHILD'S POTENTIAL THROUGH A BROAD, BALANCED, AND CHALLENGING PROGRAM THAT ESTABLISHES THE FOUNDATION FOR A MEANINGFUL LIFE. | ActivityOrMissionDesc |
| Voting Members Governing Body | 21 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 21 | VotingMembersIndependentCnt |
| Total Employee | 317 | TotalEmployeeCnt |
| Total Volunteers | 100 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $3,776,809 | PYContributionsGrantsAmt |
| CY Contributions Grants | $4,723,235 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $27,820,778 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $30,325,393 | CYProgramServiceRevenueAmt |
| PY Investment Income | $3,333,004 | PYInvestmentIncomeAmt |
| CY Investment Income | $3,679,298 | CYInvestmentIncomeAmt |
| PY Other Revenue | $197,382 | PYOtherRevenueAmt |
| CY Other Revenue | $193,608 | CYOtherRevenueAmt |
| PY Total Revenue | $35,127,973 | PYTotalRevenueAmt |
| CY Total Revenue | $38,921,534 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $4,120,626 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $4,711,140 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $18,555,162 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $19,953,104 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $861,431 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $13,038,849 | PYOtherExpensesAmt |
| CY Other Expenses | $13,888,305 | CYOtherExpensesAmt |
| PY Total Expenses | $35,714,637 | PYTotalExpensesAmt |
| CY Total Expenses | $38,552,549 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | -$586,664 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $368,985 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $131,497,899 | TotalAssetsBOYAmt |
| Total Assets EOY | $133,013,098 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $66,043,525 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $63,959,000 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $65,454,374 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $69,054,098 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | TO NURTURE EACH CHILD'S POTENTIAL THROUGH A BROAD, BALANCED, AND CHALLENGING PROGRAM THAT ESTABLISHES THE FOUNDATION FOR A MEANINGFUL LIFE. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $30,206,413 | ExpenseAmt |
| Grant | $4,692,855 | GrantAmt |
| Revenue | $28,611,868 | RevenueAmt |
| Desc | INSTRUCTION AND EDUCATION: FORMAL EDUCATION OF 499 STUDENTS' GRADES K-9 IN CO-ED DAY & BOARDING SETTING. AS A DAY AND BOARDING SCHOOL FOR STUDENTS IN KINDERGARTEN THROUGH GRADE NINE AND AN EARLY LEARNING CENTER FROM AGES 2.9 TO 5, FAY SCHOOL IS A COMMUNITY BUILT ON FIVE CORE VALUES: ACADEMIC EXCELLENCE; HONORABLE CONDUCT; DEDICATED SERVICE; EARNEST EFFORT; AND WELLNESS OF MIND, BODY, AND SPIRIT. WHILE THE SCHOOL HAS GROWN AND EVOLVED SINCE ITS FOUNDING IN 1866, OUR CENTRAL PURPOSE HAS REMAINED CONSTANT. FAY PROVIDES A BROAD AND CHALLENGING PROGRAM THAT EMPOWERS STUDENTS TO DISCOVER THEIR TALENTS, DEVELOP THEIR INTELLECTUAL ABILITIES, ESTABLISH ESSENTIAL ACADEMIC SKILLS AND KNOWLEDGE, AND DEFINE THEIR MORAL CHARACTER. EARNEST EFFORT HAS BEEN EMPHASIZED THROUGH THE SCHOOL'S HISTORY, AS ENSHRINED IN OUR MOTTO, POTERIS MODO VELIS ("YOU CAN IF YOU WILL"). FAY IS DEDICATED TO EDUCATING CHILDREN TO THEIR FULL POTENTIAL IN THE EARLY CHILDHOOD, ELEMENTARY, AND MIDDLE SCHOOL YEARS BY HELPING THEM RECOGNIZE AND DEVELOP THEIR INTELLECTUAL AESTHETIC, PHYSICAL, SOCIAL, AND EMOTIONAL CAPABILITIES. WE TEACH OUR STUDENTS ESSENTIAL, ENDURING SKILLS: TO READ WELL, TO WRITE AND SPEAK CLEARLY AND COHERENTLY, TO REASON SOUNDLY, TO QUESTION THOUGHTFULLY, AND TO STUDY EFFECTIVELY. THESE SKILLS SUPPORT THEIR ABILITY TO LEAD, TO COLLABORATE, TO CREATE, AND TO SOLVE PROBLEMS.LOVE OF LEARNING BRINGS US TOGETHER, AND WE ENCOURAGE OUR STUDENTS TO BE CURIOUS, CREATIVE, AND OPEN TO NEW IDEAS. FAY'S SAFE AND SUPPORTIVE ENVIRONMENT ALLOWS STUDENTS TO TAKE RISKS AND ENCOURAGES THEM TO LEARN FROM MISTAKES, WITHIN THE CONTEXT OF HIGH EXPECTATIONS REGARDING ACADEMIC PERFORMANCE AND ETHICAL CONDUCT. OUR TEACHERS KNOW THEIR STUDENTS AS INDIVIDUALS AND HELP THEM COME TO KNOW THEMSELVES. AS FAY STUDENTS GROW, THEY DEVELOP AN UNDERSTANDING AN ACCEPTANCE OF THEIR OWN CHALLENGES AND STRENGTHS AS LEARNERS.HONESTY, RESPECT, RESPONSIBILITY, EMPATHY, AND KINDNESS INFORM OUR CONDUCT. THE DEVELOPMENT OF MANNERS, CIVILITY, AND INTEGRITY ARE HALLMARKS OF OUR SCHOOL. AT EVERY GRADE LEVEL, WE EMPHASIZE AN OBLIGATION TO HELP ENSURE THE WELL-BEING OF OTHERS. AS A HOME FOR BOARDING STUDENTS FROM MANY CULTURES AND BACKGROUND THROUGHOUT THE UNITED STATES AND AROUND THE WORLD, FAY IS AN INCLUSIVE COMMUNITY THAT RECOGNIZES, RESPECTS, AND CELEBRATES THE FULL RANGE OF HUMAN DIVERSITY. IN ALL OF THESE WAYS, FAY PREPARES OUR STUDENTS TO LEAD PRODUCTIVE AND FULFILLING LIVES THAT MAKE A POSITIVE DIFFERENCE IN THE WORLD. | Desc |
Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $1,189,906 | ExpenseAmt |
| Grant | $18,285 | GrantAmt |
| Revenue | $1,813,378 | RevenueAmt |
| Desc | SUMMER PROGRAMS INCLUDE SUMMER DAY CAMP, AN INTERNATIONAL STUDENT BOARDING ENGLISH LANGUAGE PROGRAM. SUMMER CAMP IS A DYNAMIC, HANDS-ON PROGRAM, FOR CHILDREN AGES THREE THROUGH FIFTEEN. OUR PROGRAM PROVIDES CAMPERS AND STUDENTS WITH AN ENGAGING AND NURTURING ATMOSPHERE THAT ENCOURAGES EXPLORATION, CREATIVITY, AND LASTING CONNECTIONS AMONG CHILDREN AND ADULTS.THE INTERNATIONAL STUDENT BOARDING ENGLISH LANGUAGE PROGRAM MAKES IT POSSIBLE FOR INTERNATIONAL STUDENTS AGED 10-15 TO PARTICIPATE IN THE FAY EXPERIENCE REGARDLESS OF THEIR LEVEL OF ENGLISH PROFICIENCY. IT PROVIDES A MEANINGFUL INTRODUCTION TO FAY FOR STUDENTS ENROLLING FULL TIME IN THE UPCOMING ACADEMIC YEAR AS WELL AS A STAND-ALONE PROGRAM FOR INTERNATIONAL STUDENTS WHO WISH TO FOCUS ON DEVELOPING THEIR ENGLISH SKILLS DURING THE SUMMER MONTHS, WITH THE APPROPRIATE LEVEL OF CHALLENGE AND SUPPORT. | Desc |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Expenses | $31,396,319 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (1) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (1) | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Lobbying Activities | 0 | 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 | Yes (1) | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | Yes (1) | 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 | Yes (1) | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | Yes (1) | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | 0 | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | Yes (1) | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | 0 | DisregardedEntityInd |
| Related Entity | 0 | 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 | 156 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 317 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | 0 | UnrelatedBusIncmOverLimitInd |
| 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 | 21 | 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 | 0 | 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 | MA | StatesWhereCopyOfReturnIsFldCd |
| Other Website | Yes (X) | OtherWebsiteInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | FAY SCHOOL BUSINESS OFFICE | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 5084850100 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 48 MAIN STREET | AddressLine1Txt |
| City | SOUTHBOROUGH | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 01772 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (29 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Former Ofcr Director TrusteeFormerOfcrDirectorTrusteeInd | Highest Compensated EmployeeHighestCompensatedEmployeeInd | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd |
|---|---|---|---|---|---|---|---|---|
| SUSANNA WATERS | ||||||||
| HEAD OF SCHOOL | 37.50 | Yes (X) | $251,119 | $0 | $97,931 | |||
| DIANE BYRNE | ||||||||
| ASST. HEAD OF SCHOOL FOR OPERATIONS | 37.50 | Yes (X) | $334,053 | $0 | $63,440 | |||
| ROBERT GUSTAVSON | ||||||||
| FORMER HEAD OF SCHOOL | 37.50 | $768,661 | $0 | $95,857 | Yes (X) | |||
| ELIZABETH WHITNEY | ||||||||
| ASSOCIATE HEAD OF SCHOOL | 37.50 | $309,029 | $0 | $113,436 | Yes (X) | |||
| ROBERT CRAWFORD | ||||||||
| DIRECTOR OF ADVANCEMENT | 37.50 | $244,004 | $0 | $103,671 | Yes (X) | |||
| JUDI ANN O'BRIEN | ||||||||
| ASSTISTANT HEAD OF SCHOOL FOR THE EDUCATIONAL PROG | 37.50 | $265,343 | $0 | $31,112 | Yes (X) | |||
| JOHN SUMNER | ||||||||
| HEAD OF UPPER SCHOOL | 37.50 | $173,730 | $0 | $86,511 | Yes (X) | |||
| PETER FEAREY | ||||||||
| DIRECTOR OF INNOVATION | 37.50 | $231,906 | $0 | $16,810 | Yes (X) | |||
| ANN LAQUERRE | ||||||||
| PRESIDENT | 2.00 | Yes (X) | $0 | $0 | $0 | Yes (X) | ||
| ALEX CURTIS | ||||||||
| VICE PRESIDENT | 2.00 | Yes (X) | $0 | $0 | $0 | Yes (X) | ||
| LAURIE VANCE | ||||||||
| TREASURER | 2.00 | Yes (X) | $0 | $0 | $0 | Yes (X) | ||
| SARA R MARS | ||||||||
| SECRETARY | 2.00 | Yes (X) | $0 | $0 | $0 | Yes (X) | ||
| PETER BAUER | ||||||||
| TRUSTEE | 2.00 | $0 | $0 | $0 | Yes (X) | |||
| MELISSA BOIS | ||||||||
| TRUSTEE | 2.00 | $0 | $0 | $0 | Yes (X) | |||
| ELEANOR BROWN | ||||||||
| TRUSTEE | 2.00 | $0 | $0 | $0 | Yes (X) | |||
| BRENDON GIBLIN | ||||||||
| TRUSTEE | 2.00 | $0 | $0 | $0 | Yes (X) | |||
| HEATHER R GIROLAMO | ||||||||
| TRUSTEE | 2.00 | $0 | $0 | $0 | Yes (X) | |||
| DAVID HARRIS | ||||||||
| TRUSTEE | 2.00 | $0 | $0 | $0 | Yes (X) | |||
| JAE HOON KIM | ||||||||
| TRUSTEE | 2.00 | $0 | $0 | $0 | Yes (X) | |||
| HELEN LIN | ||||||||
| TRUSTEE | 2.00 | $0 | $0 | $0 | Yes (X) | |||
| DOUG LOUD | ||||||||
| TRUSTEE | 2.00 | $0 | $0 | $0 | Yes (X) | |||
| SEAN LU | ||||||||
| TRUSTEE | 2.00 | $0 | $0 | $0 | Yes (X) | |||
| JESSICA MOORAJ | ||||||||
| TRUSTEE | 2.00 | $0 | $0 | $0 | Yes (X) | |||
| WILLIAM PICARDI | ||||||||
| TRUSTEE | 2.00 | $0 | $0 | $0 | Yes (X) | |||
| JOHN SIMON | ||||||||
| TRUSTEE | 2.00 | $0 | $0 | $0 | Yes (X) | |||
| JEAN SUNG | ||||||||
| TRUSTEE | 2.00 | $0 | $0 | $0 | Yes (X) | |||
| ARTHUR TING | ||||||||
| TRUSTEE | 2.00 | $0 | $0 | $0 | Yes (X) | |||
| FAITH WALLACE-GADSDEN | ||||||||
| TRUSTEE | 2.00 | $0 | $0 | $0 | Yes (X) | |||
| GILBERT ZAWAIRA | ||||||||
| TRUSTEE | 2.00 | $0 | $0 | $0 | Yes (X) | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $2,577,845 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $608,768 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 25 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | Yes (1) | 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 |
|---|---|---|---|---|---|
| SAGE DINING SERVICES INC | |||||
| 1402 YORK ROAD SUITE 100 | LUTHERVILLE | MD | 21093 | DINING | $1,762,201 |
| UNICLEAN SERVICE CORPORATION - AKA HOGLA | |||||
| PO BOX 497 | REVERE | MA | 02151 | JANITORIAL | $608,039 |
| ECK MACNEELY ARCHITECTS INC | |||||
| 580 HARRISON AVENUE SUITE 3N | BOSTON | MA | 02118 | ARCHITECTURE | $392,422 |
| APPLIED ROOFING SYSTEMS INC | |||||
| PO BOX 1248 | WEBSTER | MA | 01570 | CONSTRUCTION | $391,042 |
| GOVCONNECTION INC - DBA CONNECTION | |||||
| PO BOX 536477 | PITTSBURGH | PA | 152535906 | IT EQUIPMENT | $359,620 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 19 | CntrctRcvdGreaterThan100KCnt |
| Fundraising | $96,719 | FundraisingAmt |
| All Other Contributions | $4,626,516 | AllOtherContributionsAmt |
| Noncash Contributions | $611,319 | NoncashContributionsAmt |
| Total Contributions | $4,723,235 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (3 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| TUITION AND FEES | 611710 | $28,201,803 | $28,201,803 |
| SUMMER PROGRAMS | 611710 | $1,813,378 | $1,813,378 |
| STUDENT SERVICE INCOME | 611710 | $310,212 | $310,212 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $30,325,393 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $1,180,537 | TotalRevenueColumnAmt |
| Exclusion | $1,180,537 | ExclusionAmt |
Gross Rents GrossRentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $157,646 | 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 | $157,646 | RealAmt |
Net Rental Income Or Loss NetRentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $157,646 | TotalRevenueColumnAmt |
| Exclusion | $157,646 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $23,006,212 | SecuritiesAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $20,507,445 | SecuritiesAmt |
| Other | $6 | OtherAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $2,498,767 | SecuritiesAmt |
| Other | -$6 | OtherAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $2,498,761 | TotalRevenueColumnAmt |
| Exclusion | $2,498,761 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Fundraising Gross Income | $10,268 | FundraisingGrossIncomeAmt |
| Contri Rpt Fundraising Event | $96,719 | ContriRptFundraisingEventAmt |
| Fundraising Direct Expenses | $81,359 | FundraisingDirectExpensesAmt |
Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -$71,091 | TotalRevenueColumnAmt |
| Exclusion | -$71,091 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gaming Gross Income | $7,200 | GamingGrossIncomeAmt |
| Gaming Direct Expenses | $0 | GamingDirectExpensesAmt |
Net Income From Gaming NetIncomeFromGamingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $7,200 | TotalRevenueColumnAmt |
| Exclusion | $7,200 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Sales Of Inventory | $154,983 | GrossSalesOfInventoryAmt |
| Cost Of Goods Sold | $100,454 | CostOfGoodsSoldAmt |
Net Income Or Loss NetIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $54,529 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $54,529 | RelatedOrExemptFuncIncomeAmt |
Other Revenue Misc OtherRevenueMiscGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | MISCELLANEOUS INCOME | Desc |
| Business | 900099 | BusinessCd |
| Total Revenue Column | $45,324 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $45,324 | RelatedOrExemptFuncIncomeAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $45,324 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $38,921,534 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $30,425,246 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $3,773,053 | ExclusionAmt |
Grants To Domestic Orgs GrantsToDomesticOrgsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $20,000 | TotalAmt |
| Program Services | $20,000 | ProgramServicesAmt |
Grants To Domestic Individuals GrantsToDomesticIndividualsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,691,140 | TotalAmt |
| Program Services | $4,691,140 | ProgramServicesAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,012,743 | TotalAmt |
| Program Services | $253,186 | ProgramServicesAmt |
| Management And General | $759,557 | ManagementAndGeneralAmt |
Comp Disqual Persons CompDisqualPersonsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $205,529 | TotalAmt |
| Program Services | $129,126 | ProgramServicesAmt |
| Management And General | $15,309 | ManagementAndGeneralAmt |
| Fundraising | $61,094 | FundraisingAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $13,547,094 | TotalAmt |
| Program Services | $11,246,564 | ProgramServicesAmt |
| Management And General | $1,948,605 | ManagementAndGeneralAmt |
| Fundraising | $351,925 | FundraisingAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $940,305 | TotalAmt |
| Program Services | $789,926 | ProgramServicesAmt |
| Management And General | $116,640 | ManagementAndGeneralAmt |
| Fundraising | $33,739 | FundraisingAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,194,794 | TotalAmt |
| Program Services | $2,293,116 | ProgramServicesAmt |
| Management And General | $710,697 | ManagementAndGeneralAmt |
| Fundraising | $190,981 | FundraisingAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,052,639 | TotalAmt |
| Program Services | $859,818 | ProgramServicesAmt |
| Management And General | $160,654 | ManagementAndGeneralAmt |
| Fundraising | $32,167 | FundraisingAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $166,190 | TotalAmt |
| Management And General | $166,190 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $52,457 | TotalAmt |
| Management And General | $52,457 | ManagementAndGeneralAmt |
Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $108,172 | TotalAmt |
| Management And General | $108,172 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $834,622 | TotalAmt |
| Program Services | $796,058 | ProgramServicesAmt |
| Management And General | $16,028 | ManagementAndGeneralAmt |
| Fundraising | $22,536 | FundraisingAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $343,393 | TotalAmt |
| Program Services | $44,406 | ProgramServicesAmt |
| Management And General | $289,749 | ManagementAndGeneralAmt |
| Fundraising | $9,238 | FundraisingAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $20,485 | TotalAmt |
| Program Services | $9,288 | ProgramServicesAmt |
| Management And General | $272 | ManagementAndGeneralAmt |
| Fundraising | $10,925 | FundraisingAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $808,094 | TotalAmt |
| Program Services | $787,183 | ProgramServicesAmt |
| Management And General | $17,257 | ManagementAndGeneralAmt |
| Fundraising | $3,654 | FundraisingAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $241,208 | TotalAmt |
| Program Services | $67,688 | ProgramServicesAmt |
| Management And General | $77,463 | ManagementAndGeneralAmt |
| Fundraising | $96,057 | FundraisingAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $793,646 | TotalAmt |
| Program Services | $793,646 | ProgramServicesAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,344,302 | TotalAmt |
| Program Services | $3,240,275 | ProgramServicesAmt |
| Management And General | $101,054 | ManagementAndGeneralAmt |
| Fundraising | $2,973 | FundraisingAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $323,045 | TotalAmt |
| Program Services | $306,052 | ProgramServicesAmt |
| Management And General | $16,845 | ManagementAndGeneralAmt |
| Fundraising | $148 | FundraisingAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt | FundraisingFundraisingAmt |
|---|---|---|---|---|
| CONTRACTED SERVICES | $2,902,717 | $2,872,276 | $25,086 | $5,355 |
| OTHER DEPARTMENTAL EXPE | $2,440,886 | $1,374,437 | $1,063,414 | $3,035 |
| EQUIPMENT, SUPPLIES AND | $694,163 | $644,083 | $45,009 | $5,071 |
| DUES AND SUBSCRIPTIONS | $645,919 | $81,553 | $531,864 | $32,502 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $169,006 | TotalAmt |
| Program Services | $96,498 | ProgramServicesAmt |
| Management And General | $72,477 | ManagementAndGeneralAmt |
| Fundraising | $31 | FundraisingAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $38,552,549 | TotalAmt |
| Program Services | $31,396,319 | ProgramServicesAmt |
| Management And General | $6,294,799 | ManagementAndGeneralAmt |
| Fundraising | $861,431 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $28,434 | BOYAmt |
| EOY | $28,614 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $6,210,674 | BOYAmt |
| EOY | $4,984,431 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $564,682 | BOYAmt |
| EOY | $1,322,204 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $7,755,106 | BOYAmt |
| EOY | $7,945,465 | EOYAmt |
Inventories For Sale Or Use InventoriesForSaleOrUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $172,454 | BOYAmt |
| EOY | $175,608 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,223,436 | BOYAmt |
| EOY | $1,690,789 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $120,910,234 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $63,473,118 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $58,050,993 | BOYAmt |
| EOY | $57,437,116 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $45,781,870 | BOYAmt |
| EOY | $46,466,014 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $11,307,768 | BOYAmt |
| EOY | $12,647,030 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $402,482 | BOYAmt |
| EOY | $315,827 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $131,497,899 | BOYAmt |
| EOY | $133,013,098 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,555,785 | BOYAmt |
| EOY | $4,592,785 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $22,938,219 | BOYAmt |
| EOY | $23,111,962 | EOYAmt |
Tax Exempt Bond Liabilities TaxExemptBondLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $38,286,557 | BOYAmt |
| EOY | $35,873,136 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $262,964 | BOYAmt |
| EOY | $381,117 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $66,043,525 | BOYAmt |
| EOY | $63,959,000 | 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 | $38,696,110 | BOYAmt |
| EOY | $39,294,716 | EOYAmt |
Donor Restriction Net Assets DonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $26,758,264 | BOYAmt |
| EOY | $29,759,382 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $65,454,374 | BOYAmt |
| EOY | $69,054,098 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $131,497,899 | BOYAmt |
| EOY | $133,013,098 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | $368,985 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | $3,440,335 | NetUnrlzdGainsLossesInvstAmt |
| Other Changes In Net Assets | -$209,596 | 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 | $5,380,351 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $3,703,264 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $2,631,300 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $3,776,809 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $4,723,235 | CurrentTaxYearAmt |
| Total | $20,214,959 | TotalAmt |
Total Calendar Year170 TotalCalendarYear170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $5,380,351 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $3,703,264 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $2,631,300 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $3,776,809 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $4,723,235 | CurrentTaxYearAmt |
| Total | $20,214,959 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Substantial Contributors Tot | $1,019,894 | SubstantialContributorsTotAmt |
| Public Support Total170 | $19,195,065 | PublicSupportTotal170Amt |
Gross Investment Income170 GrossInvestmentIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $915,203 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $845,276 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $1,142,355 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $1,331,043 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $1,338,183 | CurrentTaxYearAmt |
| Total | $5,572,060 | TotalAmt |
Unrelated Business Net Incm170 UnrelatedBusinessNetIncm170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $2,445 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $7,131 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $4,388 | CurrentTaxYearMinus2YearsAmt |
| Total | $13,964 | TotalAmt |
Other Income170 OtherIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus2 Years | $139,825 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year | $17,468 | CurrentTaxYearAmt |
| Total | $157,293 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | $25,958,276 | TotalSupportAmt |
| Gross Receipts Rltd Activities | $135,250,987 | GrossReceiptsRltdActivitiesAmt |
| Public Support CY170 | 0.73950 | PublicSupportCY170Pct |
| Public Support PY170 | 0.70710 | 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 | FUNDRAISING AND GAMING PROCEEDS - 2022 AMOUNT: $ 139,825. 2024 AMOUNT: $ 17,468. | 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 D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Solicited Assets Sale | 0 | SolicitedAssetsSaleInd |
CY Endwmt Fund CYEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $33,750,077 | BeginningYearBalanceAmt |
| Contributions | $80,823 | ContributionsAmt |
| Investment Earnings Or Losses | $4,263,020 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $362,921 | GrantsOrScholarshipsAmt |
| Other Expenditures | $1,917,066 | OtherExpendituresAmt |
| End Year Balance | $35,813,933 | EndYearBalanceAmt |
CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $30,903,404 | BeginningYearBalanceAmt |
| Contributions | $1,227,384 | ContributionsAmt |
| Investment Earnings Or Losses | $3,340,302 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $369,855 | GrantsOrScholarshipsAmt |
| Other Expenditures | $1,351,158 | OtherExpendituresAmt |
| End Year Balance | $33,750,077 | EndYearBalanceAmt |
CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $29,251,008 | BeginningYearBalanceAmt |
| Contributions | $62,771 | ContributionsAmt |
| Investment Earnings Or Losses | $3,001,426 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $352,566 | GrantsOrScholarshipsAmt |
| Other Expenditures | $1,059,235 | OtherExpendituresAmt |
| End Year Balance | $30,903,404 | EndYearBalanceAmt |
CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $34,492,206 | BeginningYearBalanceAmt |
| Contributions | $95,595 | ContributionsAmt |
| Investment Earnings Or Losses | -$4,150,104 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $290,507 | GrantsOrScholarshipsAmt |
| Other Expenditures | $896,182 | OtherExpendituresAmt |
| End Year Balance | $29,251,008 | EndYearBalanceAmt |
CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $26,932,540 | BeginningYearBalanceAmt |
| Contributions | $721,810 | ContributionsAmt |
| Investment Earnings Or Losses | $9,038,642 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $331,305 | GrantsOrScholarshipsAmt |
| Other Expenditures | $1,869,481 | OtherExpendituresAmt |
| End Year Balance | $34,492,206 | EndYearBalanceAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated Balance EOY | 0.20700 | BoardDesignatedBalanceEOYPct |
| Prmnnt Endowment Balance EOY | 0.79300 | PrmnntEndowmentBalanceEOYPct |
| Term Endowment Balance EOY | 0.00000 | TermEndowmentBalanceEOYPct |
| Endowments Held Unrelated Org | 0 | EndowmentsHeldUnrelatedOrgInd |
| Endowments Held Related Org | 0 | EndowmentsHeldRelatedOrgInd |
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $3,181,707 | OtherCostOrOtherBasisAmt |
| Book Value | $3,181,707 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $87,305,135 | OtherCostOrOtherBasisAmt |
| Depreciation | $47,567,999 | DepreciationAmt |
| Book Value | $39,737,136 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $11,496,984 | OtherCostOrOtherBasisAmt |
| Depreciation | $7,134,306 | DepreciationAmt |
| Book Value | $4,362,678 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $18,926,408 | OtherCostOrOtherBasisAmt |
| Depreciation | $8,770,813 | DepreciationAmt |
| Book Value | $10,155,595 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $57,437,116 | TotalBookValueLandBuildingsAmt |
Other Securities OtherSecuritiesGrp (3 entries)
| DescDesc | Book ValueBookValueAmt | Method ValuationMethodValuationCd |
|---|---|---|
| REAL ASSETS | $8,082,160 | F |
| DOMESTIC EQUITY | $2,649,722 | F |
| INTERNATIONAL EQUITY | $1,915,148 | C |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Securities | $12,647,030 | TotalBookValueSecuritiesAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (2 entries)
| DescDesc | AmtAmt |
|---|---|
| OTHER LIABILITIES | $65,290 |
| LEASE LIABILITY | $315,827 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $381,117 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $37,434,320 | TotalRevEtcAuditedFinclStmtAmt |
| Net Unrealized Gains Invst | $3,440,335 | NetUnrealizedGainsInvstAmt |
| Other Revenue | -$4,900,736 | OtherRevenueAmt |
| Revenue Not Reported | -$1,460,401 | RevenueNotReportedAmt |
| Revenue Subtotal | $38,894,721 | RevenueSubtotalAmt |
| Investment Expenses Not Incld | $108,172 | InvestmentExpensesNotIncldAmt |
| Other Revenues Not Included | -$81,359 | OtherRevenuesNotIncludedAmt |
| Revenue Not Reported Fincl Stmt | $26,813 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $38,921,534 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $33,834,596 | TotExpnsEtcAuditedFinclStmtAmt |
| Expenses Not Reported | $0 | ExpensesNotReportedAmt |
| Expenses Subtotal | $33,834,596 | ExpensesSubtotalAmt |
| Investment Expenses Not Incld2 | $108,172 | InvestmentExpensesNotIncld2Amt |
| Other Expenses Not Included | $4,609,781 | OtherExpensesNotIncludedAmt |
| Expenses Not Rpt Fincl Stmt | $4,717,953 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $38,552,549 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (6 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART III, LINE 1A: | SINCE THE LATE 1900'S THE SCHOOL HAS ACQUIRED A COMPLETE SET OF PRESIDENTIAL AUTOGRAPHS AND DISPLAYS THEM FOR THE COMMUNITY. |
| PART V, LINE 4: | THE ENDOWMENT SUPPORTS THE EDUCATIONAL MISSION OF THE SCHOOL BY PROVIDING SUPPORT FOR FINANCIAL AID FOR STUDENTS, FACULTY COMPENSATION AND CONTINUING EDUCATION, SCHOOL PROGRAMS AND FACILITIES AS WELL AS GENERAL SUPPORT FOR SCHOOL OPERATIONS. |
| PART X, LINE 2: | THE SCHOOL HAS NO UNRECOGNIZED TAX BENEFITS AT JUNE 30, 2025. THE SCHOOL'S FEDERAL INFORMATION RETURNS PRIOR TO FISCAL YEAR 2022 ARE CLOSED, AND MANAGEMENT CONTINUALLY EVALUATES EXPIRING STATUTES OF LIMITATIONS, AUDITS, PROPOSED SETTLEMENTS, CHANGES IN TAX LAW AND NEW AUTHORITATIVE RULINGS. IF THE SCHOOL HAD UNRELATED BUSINESS INCOME TAXES, IT WOULD RECOGNIZE INTEREST AND PENALTIES ASSOCIATED WITH ANY TAX MATTERS AS PART OF THE INCOME TAX PROVISION AND INCLUDE ACCRUED INTEREST AND PENALTIES WITH THE RELATED TAX LIABILITY IN THE STATEMENTS OF FINANCIAL POSITION. |
| PART XI, LINE 2D - OTHER ADJUSTMENTS: | FINANCIAL AID -4,691,140. CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENTS -209,596. |
| PART XI, LINE 4B - OTHER ADJUSTMENTS: | FUNDRAISING EXPENSES -81,359. |
| PART XII, LINE 4B - OTHER ADJUSTMENTS: | FINANCIAL AID 4,691,140. FUNDRAISING EVENT EXPENSE -81,359. |
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 | Yes (1) | 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
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | SCHEDULE E, PART I, LINE 3 | FormAndLineReferenceDesc |
| Explanation | THE SCHOOL'S RACIALLY NONDISCRIMINATORY POLICY IS PUBLICIZED ON THE HOMEPAGE OF ITS WEBSITE. ADDITIONALLY, THE SCHOOL IS INCLUDED IN THE GROUP LISTING OF INDEPENDENT SCHOOLS WHOSE RACIALLY NONDISCRIMINATORY POLICY IS DISCLOSED IN THE BOSTON GLOBE EACH FALL. | ExplanationTxt |
Schedule F IRS990ScheduleF
Account Activities Outside US AccountActivitiesOutsideUSGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Region | EAST ASIA AND THE PACIFIC | RegionTxt |
| Offices | 0 | OfficesCnt |
| Employee | 0 | EmployeeCnt |
| Type Of Activities Conducted | PROGRAM SERVICES | TypeOfActivitiesConductedTxt |
| Specific Services Provided | EDUCATIONAL | SpecificServicesProvidedTxt |
| Region Total Expenditures | $140,665 | RegionTotalExpendituresAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Subtotal Offices | 0 | SubtotalOfficesCnt |
| Subtotal Employees | 0 | SubtotalEmployeesCnt |
| Continuation Total Office | 0 | ContinuationTotalOfficeCnt |
| Continuation Total Employee | 0 | ContinuationTotalEmployeeCnt |
| Total Office | 0 | TotalOfficeCnt |
| Total Employee | 0 | TotalEmployeeCnt |
| Subtotal Spent | $140,665 | SubtotalSpentAmt |
| Continuation Spent | $0 | ContinuationSpentAmt |
| Total Spent | $140,665 | TotalSpentAmt |
| Transfer To Foreign Corp | 0 | TransferToForeignCorpInd |
| Interest In Foreign Trust | 0 | InterestInForeignTrustInd |
| Foreign Corp Ownership | 0 | ForeignCorpOwnershipInd |
| Passive Foreign Investmest Co | 0 | PassiveForeignInvestmestCoInd |
| Foreign Partnership | 0 | ForeignPartnershipInd |
| Boycott Countries | 0 | BoycottCountriesInd |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, LINE 2: | FormAndLineReferenceDesc |
| Explanation | FAY HELD A 10-DAY EDUCATIONAL CAMP FOR 21 STUDENTS (AGES 9-14). THE PROGRAM, LED BY SCHOOL FACULTY AND RESIDENTIAL STAFF, OFFERED A BLEND OF ACADEMIC COURSEWORK AND ENRICHMENT ACTIVITIES FOCUSED ON INTERNATIONAL STUDENT ENGAGEMENT. FAY ALSO COLLABORATED WITH A LOCAL ACADEMY IN TAIPEI TO DELIVER A WEEK-LONG ACADEMIC PROGRAM IN SCIENCE, MATH AND ENGLISH FOR 51 STUDENTS. THE PROGRAM CONCLUDED WITH A WEEK-LONG RECIPROCAL VISIT TO THE UNITED STATES FOR 25 STUDENTS, INVOLVING RESIDENTIAL LIFE AND IMMERSIVE CLASSROOM INSTRUCTION. | ExplanationTxt |
Schedule G IRS990ScheduleG
Fundraising Event Information FundraisingEventInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Event1 | PA AUCTION AND FUNDRAISER | Event1Nm |
| Gross Receipts Event1 | $106,987 | GrossReceiptsEvent1Amt |
| Charitable Contri Event1 | $96,719 | CharitableContriEvent1Amt |
| Gross Revenue Event1 | $10,268 | GrossRevenueEvent1Amt |
| Rent Facility Costs Event1 | $6,587 | RentFacilityCostsEvent1Amt |
| Food And Beverage Event1 | $17,522 | FoodAndBeverageEvent1Amt |
| Entertainment Event1 | $43,379 | EntertainmentEvent1Amt |
| Other Direct Expenses Event1 | $13,871 | OtherDirectExpensesEvent1Amt |
| Gross Receipts Total | $106,987 | GrossReceiptsTotalAmt |
| Charitable Contributions Tot | $96,719 | CharitableContributionsTotAmt |
| Gross Revenue Total Events | $10,268 | GrossRevenueTotalEventsAmt |
| Rent Fclty Costs Total Events | $6,587 | RentFcltyCostsTotalEventsAmt |
| Food And Beverage Total Events | $17,522 | FoodAndBeverageTotalEventsAmt |
| Entertainment Total Events | $43,379 | EntertainmentTotalEventsAmt |
| Oth Direct Expnss Total Events | $13,871 | OthDirectExpnssTotalEventsAmt |
| Direct Expense Summary Events | $81,359 | DirectExpenseSummaryEventsAmt |
| Net Income Summary | -$71,091 | NetIncomeSummaryAmt |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (1) | GrantRecordsMaintainedInd |
Recipient Table RecipientTable
Recipient Business Name RecipientBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | TOWN OF SOUTHBOROUGH | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRC Section | GOVERNMENT ENTITY | IRCSectionDesc |
| Cash Grant | $20,000 | CashGrantAmt |
| Non Cash Assistance | $0 | NonCashAssistanceAmt |
| Valuation Method Used | N/A | ValuationMethodUsedDesc |
| Non Cash Assistance | N/A | NonCashAssistanceDesc |
| Purpose Of Grant | PURCHASE OF A POLICE CRUISER | PurposeOfGrantTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total501c3 Org | 1 | Total501c3OrgCnt |
| Total Other Org | 0 | TotalOtherOrgCnt |
Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp (2 entries)
| Grant TypeGrantTypeTxt | RecipientRecipientCnt | Non Cash AssistanceNonCashAssistanceAmt | Valuation Method UsedValuationMethodUsedDesc | Non Cash AssistanceNonCashAssistanceDesc |
|---|---|---|---|---|
| FINANCIAL AID | 157 | $4,672,855 | FMV | TUITION ASSISTANCE |
| FINANCIAL AID FOR SUMMER CAMP | 24 | $18,285 | FMV | TUITION ASSISTANCE |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, LINE 2: | FormAndLineReferenceDesc |
| Explanation | FAY SCHOOL OFFERS FINANCIAL AID OR SCHOLARSHIP ASSISTANCE TO FAMILIES WITH A DEMONSTRATED FINANCIAL NEED. TO APPLY, PARENTS MUST COMPLETE THE FINANCIAL AID APPLICATION ONLINE AND SUBMIT THAT TO CLARITY FINANCIAL INC. | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Idemnification Gross Up Pmts | Yes (X) | IdemnificationGrossUpPmtsInd |
| Discretionary Spending Acct | Yes (X) | DiscretionarySpendingAcctInd |
| Housing Allowance Or Residence | Yes (X) | HousingAllowanceOrResidenceInd |
| 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 | Yes (1) | InitialContractExceptionInd |
| Rebuttable Presumption Proc | Yes (1) | RebuttablePresumptionProcInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (8 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| SUSANNA WATERS | ||||||||||||||
| HEAD OF SCHOOL | $181,649 | $0 | $0 | $0 | $69,470 | $0 | $29,500 | $0 | $68,431 | $0 | $349,050 | $0 | $0 | $0 |
| DIANE BYRNE | ||||||||||||||
| ASST. HEAD OF SCHOOL FOR OPERATIONS | $309,865 | $0 | $0 | $0 | $24,188 | $0 | $25,719 | $0 | $37,721 | $0 | $397,493 | $0 | $0 | $0 |
| ROBERT GUSTAVSON | ||||||||||||||
| FORMER HEAD OF SCHOOL | $316,935 | $0 | $0 | $0 | $451,726 | $0 | $65,262 | $0 | $30,595 | $0 | $864,518 | $0 | $0 | $0 |
| ELIZABETH WHITNEY | ||||||||||||||
| ASSOCIATE HEAD OF SCHOOL | $285,615 | $0 | $0 | $0 | $23,414 | $0 | $24,480 | $0 | $88,956 | $0 | $422,465 | $0 | $0 | $0 |
| ROBERT CRAWFORD | ||||||||||||||
| DIRECTOR OF ADVANCEMENT | $220,230 | $0 | $0 | $0 | $23,774 | $0 | $19,105 | $0 | $84,566 | $0 | $347,675 | $0 | $0 | $0 |
| JUDI ANN O'BRIEN | ||||||||||||||
| ASSTISTANT HEAD OF SCHOOL FOR THE ED | $242,152 | $0 | $0 | $0 | $23,191 | $0 | $19,584 | $0 | $11,528 | $0 | $296,455 | $0 | $0 | $0 |
| JOHN SUMNER | ||||||||||||||
| HEAD OF UPPER SCHOOL | $157,088 | $0 | $0 | $0 | $16,642 | $0 | $13,448 | $0 | $73,063 | $0 | $260,241 | $0 | $0 | $0 |
| PETER FEAREY | ||||||||||||||
| DIRECTOR OF INNOVATION | $210,120 | $0 | $0 | $0 | $21,786 | $0 | $16,810 | $0 | $0 | $0 | $248,716 | $0 | $0 | $0 |
Supplemental Information Detail SupplementalInformationDetail (5 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART I, LINE 1A | THERE MAY BE CERTAIN SERVICES PAID FOR ON BEHALF OF THE HEAD OF SCHOOL. THE HEAD OF SCHOOL IS ALSO PROVIDED WITH A VEHICLE. THESE ITEMS ARE GROSSED-UP AND REPORTED AS TAXABLE COMPENSATION TO THE HEAD OF SCHOOL. |
| PART I, LINE 1B | THE HEAD OF SCHOOL HAS A DISCRETIONARY SPENDING ALLOWANCE TO BE USED FOR SCHOOL EXPENSES NOT INDENTIFIED IN THE BUDGET PROCESS. |
| PART I, LINE 3 | AS A CONDITION OF EMPLOYMENT AND IN ORDER TO PERFORM THEIR DUTIES THE HEAD OF SCHOOL IS REQUIRED TO LIVE ON CAMPUS IN A SCHOOL OWNED PROPERTY. THIS BUILDING IS CLEANED AND MAINTAINED BY SCHOOL PERSONNEL AND OUTSIDE CONTRACTORS. INCLUDED IN SUSANNA WATERS AND ROBERT GUSTAVSON'S COLUMN D IS AN AMOUNT FOR 5% OF THE VALUE OF THE PROPERTY INCLUDING UTILITIES TOTALING $30,276 EACH. |
| PART I, LINE 4B | THE SCHOOL PROVIDES THE HEAD OF SCHOOL WITH A DEFERRED COMPENSATION PLAN UNDER IRC SECTION 457(F), WHICH IS SUBJECT TO A SUBSTANTIAL RISK OF FORFEITURE. CONTRIBUTIONS TO THE PLAN DURING CALENDAR YEAR 2024 WERE $14,500, AND ARE INCLUDED IN PART II, COLUMN (C). DURING HIS EMPLOYMENT, THE SCHOOL PROVIDED THE FORMER HEAD OF SCHOOL WITH A DEFERRED COMPENSATION PLAN UNDER IRC SECTION 457(F), WHICH WAS SUBJECT TO A SUBSTANTIAL RISK OF FORFEITURE. CONTRIBUTIONS TO THE PLAN DURING CALENDAR YEAR 2024 WERE $52,260, AND ARE INCLUDED IN PART II, COLUMN (C). |
| PART I, LINE 8 | THE HEAD OF SCHOOL IS IN THEIR INITIAL CONTRACT WITH THE SCHOOL EFFECTIVE AS OF JULY 1, 2024 FOR AN INITIAL 3 YEAR TERM. |
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 | MASSACHUSETTS DEVELOPMENT FINANCE AGENCY | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Issuer EIN | 043431814 | BondIssuerEIN |
| Bond Issued | 2021-07-30 | BondIssuedDt |
| Issue Price | $45,025,000 | IssuePriceAmt |
| Purpose | REFUNDING OF PRIOR BOND ISSUE, CONSTRUCTION & ISSUE COSTS, SWAP SETTLEMENT | 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 |
| Retired | $7,009,157 | RetiredAmt |
| Total Proceeds | $45,025,000 | TotalProceedsAmt |
| Refunding Escrow | $32,464,897 | RefundingEscrowAmt |
| Issuance Costs From Proceeds | $250,060 | IssuanceCostsFromProceedsAmt |
| Capital Expenditures | $5,000,000 | CapitalExpendituresAmt |
| Other Spent Proceeds | $7,310,043 | OtherSpentProceedsAmt |
| Substantial Completion | 2021 | 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 |
| 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 | 0 | NoRebateDueInd |
| Variable Rate Issue | Yes (1) | VariableRateIssueInd |
| Hedge Identified In Bks And Rec | 0 | HedgeIdentifiedInBksAndRecInd |
| Gross Proceeds Invested In GIC | 0 | GrossProceedsInvestedInGICInd |
| Gross Proceeds Invested | 0 | GrossProceedsInvestedInd |
| Written Proc To Monitor Reqs | 0 | WrittenProcToMonitorReqsInd |
Procedures Corrective Action ProceduresCorrectiveActionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Procedures Corrective Action | Yes (1) | ProceduresCorrectiveActionInd |
Schedule L IRS990ScheduleL
Bus Tr Involve Interested Prsn BusTrInvolveInterestedPrsnGrp (5 entries)
| Relationship DescriptionRelationshipDescriptionTxt | TransactionTransactionAmt | TransactionTransactionDesc | Sharing Of RevenuesSharingOfRevenuesInd |
|---|---|---|---|
| MARY BYRNE | |||
| DAUGHTER OF ASSISTANT HEAD OF SCHOOL FOR FINANCE AND OPERATIONS | $34,405 | COMPENSATION FOR RESIDENTIAL LIFE RESPONSIBILITIES. | 0 |
| LAURA BYRNE | |||
| DAUGHTER OF ASSISTANT HEAD OF SCHOOL FOR FINANCE AND OPERATIONS | $15,309 | COMPENSATION AS SCHOOL LIAISON AND ADMINISTRATIVE SERVICES | 0 |
| WILLIAM WATERS | |||
| SPOUSE OF HOS | $61,094 | COMPENSATION AS ADVANCEMENT ENGAGEMENT OFFICER | 0 |
| BRENDON GIBLIN | |||
| TRUSTEE | $104,031 | PROVIDED CONSTRUCTION AND DECORATION SERVICES | 0 |
| ELIZABETH W GUSTAVSON | |||
| DAUGHTER OF FORMER HEAD OF SCHOOL | $94,721 | COMPENSATION AS GRADE 2 TEACHER | 0 |
Schedule M IRS990ScheduleM
Securities Publicly Traded SecuritiesPubliclyTradedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Contribution | 18 | ContributionCnt |
| Noncash Contributions Rpt F990 | $611,319 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | FMV | MethodOfDeterminingRevenuesTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form8283 Received | 0 | 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
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, COLUMN (B): | FormAndLineReferenceDesc |
| Explanation | THE AMOUNT REPORTED IN PART I COLUMN (B) REPRESENTS THE NUMBER OF ITEMS CONTRIBUTED. | ExplanationTxt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (8 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART VI, SECTION A, LINE 1A | THE EXECUTIVE COMMITTEE SHALL EXERCISE ALL OF THE POWERS OF THE BOARD OF TRUSTEES BETWEEN MEETINGS OF THE BOARD. |
| FORM 990, PART VI, SECTION B, LINE 11B | THE FULL BOARD OF TRUSTEES RECEIVES THE ENTIRE FORM 990 WITH THE EXCEPTION OF SCHEDULE B WHICH IS NOT REVIEWED BY THE BOARD DUE TO ITS SENSITIVE NATURE. SCHEDULE B OF FORM 990 IS REVIEWED BY THE HEAD OF SCHOOL AND THE ASSISTANT HEAD OF SCHOOL FOR FINANCE AND OPERATIONS. |
| FORM 990, PART VI, SECTION B, LINE 12C | AT OR BEFORE THE FIRST BOARD MEETING EACH YEAR (OCT/NOV) EACH TRUSTEE COMPLETES A CONFLICT OF INTEREST STATEMENT THAT IS HELD IN THE HEAD OF THE SCHOOL'S OFFICE FOR THE YEAR. CONFLICTS ARE MONITORED BY THE ASSISTANT TO THE HEAD OF SCHOOL AND IN THE EVENT A CONFLICT EXISTS, THE CONFLICT WILL BE BROUGHT TO THE ATTENTION OF THE BOARD OF TRUSTEES FOR FURTHER DISCUSSION AND CONSIDERATION. FAY SCHOOL CURRENTLY FOLLOWS NAIS GUIDELINES FOR ITS WHISTLE BLOWER AND DOCUMENT RETENTION AND DESTRUCTION POLICIES AND WILL INCLUDE THEM IN THE EMPLOYEE HANDBOOK. |
| FORM 990, PART VI, SECTION B, LINE 15 | THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES DETERMINES THE COMPENSATION FOR THE HEAD OF SCHOOL. THE HEAD OF SCHOOL HAS A WRITTEN CONTRACT. THE INFORMATION INCLUDED FOR THIS COMPENSATION REVIEW INCLUDES A REBUTTABLE PRESUMPTION CHECKLIST AMONG OTHER PROCEDURES. ALL OTHER PERSONNEL SALARIES ARE DETERMINED BY THE HEAD OF SCHOOL WITH INPUT FROM THE ASSISTANT HEAD OF SCHOOL FOR FINANCE AND OPERATIONS. THE PROCESS DESCRIBED HERE WAS LAST COMPLETED IN 2025. |
| FORM 990, PART VI, SECTION C, LINE 18 | THE ORGANIZATION'S TAX FILINGS ARE AVAILABLE ONLINE FOR VIEWING AT WWW.GUIDESTAR.ORG, A WEBSITE USED TO RATE NON-PROFITS FOR POTENTIAL DONORS. THE TAX FILINGS ARE ALSO AVAILABLE AT THE MASSACHUSETTS ATTORNEY GENERAL'S DIVISION FOR PUBLIC CHARITIES WEBSITE AND AT THE SCHOOL. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE GENERAL PUBLIC UPON REQUEST AND FOR REVIEW IN THE BUSINESS OFFICE. |
| FORM 990, PART XI, LINE 9: | CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENTS -209,596. |
| FORM 990, PART XII, LINE 2C: | THE ORGANIZATION HAS NOT CHANGED ITS OVERSIGHT PROCESS OR SELECTION PROCESS DURING THE TAX YEAR. |