Proctor Academy
- Assets
- $88.2m
- Revenue
- $31.5m
- Investments
- $846.4k
- Employees
- 287
- Location
- Andover, NH
- Founding
- 06/1946
- Data as of
- 06/2020
- EIN
- 02-0222179
Organization Overview
Proctor Academy is located in Andover, NH. The organization was established in 1946. According to its NTEE Classification (B25) the organization is classified as: Secondary & High Schools, under the broad grouping of Education and related organizations. As of 06/2021, Proctor Academy employed 287 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Proctor Academy is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2020, Proctor Academy generated $31.5m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.6% each year. All expenses for the organization totaled $28.9m during the year ending 06/2020. While expenses have increased by 2.7% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
TAKING INSPIRATION FROM OUR MOTTO, PROCTOR ACADEMY CREATES A DIVERSE LEARNING AND LIVING COMMUNITY: ONE THAT VALUES THE INDIVIDUAL AND RECOGNIZES THE POTENTIAL OF EACH MEMBER TO STRETCH BEYOND WHAT HAD BEEN THOUGHT POSSIBLE. BALANCING ACADEMIC RIGOR, STRUCTURE, AND SUPPORT WITH THE FREEDOM FOR STUDENTS TO EXPLORE, CREATE AND DEFINE THEMSELVES, PROCTOR ENCOURAGES STUDENTS TO ACHIEVE THEIR OPTIMAL GROWTH. A DEEP COMMITMENT TO A LEARNING SKILLS PROGRAM AND A STRONG EMPHASIS ON EXPERIENTIAL LEARNING IS INTERWOVEN THROUGHOUT PROCTOR'S ACADEMIC, ATHLETIC, ARTISTIC, AND ENVIRONMENTALLY CONSCIOUS PROGRAMS BOTH ON AND OFF CAMPUS. PROCTOR STUDENTS GRADUATE UNDERSTANDING THE VALUES OF HONESTY, COMPASSION, RESPECT, AND RESONSIBILTY, PROCEEDING WITH CONFIDENCE AND WITH STRATEGIES TO BECOME LIFE-LONG LEARNERS AND THOUGHTFUL CONTRIBUTORS TO THEIR COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATING 370 HIGH SCHOOL STUDENTS TAUGHT BY 90 FACULTY AND SPECIALISTS IN 180 SCHOOL DAYS AND IN 3 TRIMESTERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Henriques Head Of School | Officer | 40 | $386,643 |
John Ferris Cfoo Through Dec 2020 | Officer | 40 | $204,671 |
Keith Barrett Director Of Development | 40 | $180,143 | |
Christopher Bartlett Director Of Enrollment & M | 40 | $126,977 | |
Karin Clough Assistant Head Of School | 40 | $113,509 | |
Karl Methven Dean Of Faculty | 40 | $106,345 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Bronnenberg Logging & Trucking Llc Woodlands Management, Woodchips | 6/29/21 | $141,471 |
Mclane Middleton Professional Associati Legal Services | 6/29/21 | $126,637 |
Irving Energy Fuel Delivery | 6/29/21 | $117,753 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,277,276 |
| Investment income | $548,033 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $20,922 |
| Net Gain/Loss on Asset Sales | $1,645,535 |
| Net Income from Fundraising Events | $6,132 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$126,976 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $31,542,996 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $4,622,352 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $639,758 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $10,494,914 |
| Pension plan accruals and contributions | $608,244 |
| Other employee benefits | $1,704,654 |
| Payroll taxes | $764,038 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $114,649 |
| Fees for services: Accounting | $57,247 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $120,029 |
| Fees for services: Other | $103,829 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $935,290 |
| Travel | $92,737 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $571,534 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,069,580 |
| Insurance | $459,139 |
| All other expenses | $0 |
| Total functional expenses | $28,934,417 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,095,755 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $2,085,657 |
| Accounts receivable, net | $359,013 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $278,134 |
| Prepaid expenses and deferred charges | $384,273 |
| Investments—publicly traded securities | $30,331,599 |
| Investments—other securities | $846,447 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $714,347 |
| Total assets | $88,196,091 |
| Accounts payable and accrued expenses | $1,632,930 |
| Grants payable | $0 |
| Deferred revenue | $4,478,924 |
| Tax-exempt bond liabilities | $19,287,856 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $1,810,900 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $424,955 |
| Total liabilities | $27,635,565 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $60,560,526 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Proctor Academy has recieved totaling $1,500.
| Awarding Organization | Amount |
|---|---|
Blair Family Foundation Boston, MA PURPOSE: GENERAL | $1,000 |
Wam Hamill Foundation Park City, UT PURPOSE: CHARITABLE CONTRIBUTION | $500 |
Endowment Analysis
| Beg. Balance | $27,435,087 |
| Earnings | $7,151,512 |
| Net Contributions | $268,912 |
| Other Expense | $1,855,000 |
| Ending Balance | $33,000,511 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
St Pauls School Concord, NH | $908,168,263 | $117,316,597 |
Trustees Of Deerfield Academy Deerfield, MA | $1,009,854,595 | $87,019,997 |
Northfield Mount Hermon School Mount Hermon, MA | $279,135,089 | $64,524,302 |
Noble And Greenough School Dedham, MA | $357,051,555 | $55,304,957 |
Pinkerton Academy Derry, NH | $88,400,593 | $52,612,732 |
Groton School Groton, MA | $519,152,774 | $50,710,312 |
Middlesex School Concord, MA | $485,283,896 | $51,739,388 |
Trustees Of Thayer Academy Braintree, MA | $161,523,903 | $74,068,471 |
Tabor Academy Marion, MA | $131,644,395 | $42,865,044 |
Berkshire School Inc Sheffield, MA | $360,181,943 | $53,167,690 |
St Marks School Of Southborough Inc Southborough, MA | $256,704,983 | $26,796,658 |
Beaver Country Day School Inc Chestnut Hill, MA | $85,211,798 | $37,690,859 |