Concord Academy

Organization Overview

Concord Academy is located in Concord, MA. The organization was established in 1937. 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 06/2022, Concord Academy employed 361 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Concord 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 06/2022, Concord Academy generated $40.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.9% each year. All expenses for the organization totaled $33.5m during the year ending 06/2022. While expenses have increased by 3.6% per year over the past 7 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.

Mission & Program ActivityExcerpts From the 990T Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

CONCORD ACADEMY IS A FOUR-YEAR, NONPROFIT, COEDUCATIONAL, BOARDING AND DAY COLLEGE-PREPARATORY SCHOOL CONSISTING OF GRADES NINE THROUGH TWELVE. THE 2021-22 ENROLLMENT WAS COMPOSED OF 406 STUDENTS, 156 OF WHOM WERE BOARDING STUDENTS AND 250 OF WHOM WERE DAY STUDENTS. ENROLLMENT FOR THE 2021-22 YEAR CONSISTED OF STUDENTS FROM 16 STATES/TERRITORIES AND 13 FOREIGN COUNTRIES.

Describe the Organization's Program Activity:

SECONDARY EDUCATION: 406 STUDENTS IN GRADES 9 THROUGH 12; EDUCATIONAL PROGRAMS, GENERAL/OTHER: SUMMER CAMP 8-WEEK PROGRAM FOR CHILDREN IN GRADES PRE-K THROUGH 9.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
City Wide Of Boston
Cleaning Services
$522,103
Ounce It Llc
It Services
$502,228
Dewing Schmid Kearns
Architectural Services
$384,300
Sodexo Inc & Affiliates
Food Services
$1,503,442
Cic Health Llc
Health Services
$572,733
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$10,606,935
Noncash contributions included in lines 1a–1f $1,016,810
Total Revenue from Contributions, Gifts, Grants & Similar$10,606,935
Total Program Service Revenue$24,247,690
Investment income $1,236,742
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $2,996,858
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $40,612,899

Grants Recieved

Over the last fiscal year, we have identified 3 grants that Concord Academy has recieved totaling $15,500.

Awarding OrganizationAmount
The Hpb Foundation

Dallas, TX

PURPOSE: UNRESTRICTED GENERAL

$10,000
Becton Family Foundation Tr

Homosassa, FL

PURPOSE: CONTRIBUTION TO ANNUAL FUND

$5,000
Becton Family Foundation Tr

Homosassa, FL

PURPOSE: CONTRIBUTION TO THE ANNUAL FUND

$500
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$94,564,831
Earnings-$6,852,709
Net Contributions$2,605,448
Other Expense$2,961,635
Grants$829,365
Ending Balance$86,526,570

Peer Organizations

Organization NameAssets
Choate Rosemary Hall Foundation Incorporated
Wallingford, CT
$80,573,016
Hotchkiss School
Lakeville, CT
$135,336,667
St Pauls School
Concord, NH
$117,316,597
Trustees Of Deerfield Academy
Deerfield, MA
$87,019,997
Taft School Corporation
Watertown, CT
$83,525,324
Northfield Mount Hermon School
Mount Hermon, MA
$64,524,302
Loomis Institute
Windsor, CT
$66,028,387
Noble And Greenough School
Dedham, MA
$55,304,957
Pinkerton Academy
Derry, NH
$52,612,732
Groton School
Groton, MA
$50,710,312
Kent School Corporation
Kent, CT
$52,388,614
Hopkins School Incorporated
New Haven, CT
$44,795,541

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