Trustees Of Deerfield Academy
- Assets
- $1.0b
- Revenue
- $87.0m
- Investments
- $393.0m
- Employees
- 580
- Location
- Deerfield, MA
- Founding
- 04/1947
- Data as of
- 06/2020
- EIN
- 04-2103563
Organization Overview
Trustees Of Deerfield Academy is located in Deerfield, MA. The organization was established in 1947. 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, Trustees Of Deerfield Academy employed 580 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Trustees Of Deerfield 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, Trustees Of Deerfield Academy generated $87.0m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 9.5% each year. All expenses for the organization totaled $72.5m during the year ending 06/2020. While expenses have increased by 2.4% 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.
Since 2015, Trustees Of Deerfield Academy has awarded 50 individual grants totaling $2,753,658. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
DEERFIELD ACADEMY IS AN INDEPENDENT SECONDARY SCHOOL COMMITTED TO HIGH STANDARDS OF SCHOLARSHIP, CITIZENSHIP, AND PERSONAL RESPONSIBILITY. THROUGH A RIGOROUS LIBERAL ARTS CURRICULUM, EXTENSIVE CO-CURRICULAR PROGRAM, AND SUPPORTIVE RESIDENTIAL ENVIRONMENT, DEERFIELD ENCOURAGES EACH STUDENT TO DEVELOP AN INQUISITIVE AND CREATIVE MIND, SOUND BODY, AND STRONG MORAL CHARACTER.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DURING THE 2020-2021 ACADEMIC YEAR, 577 BOARDING AND 72 DAY STUDENTS WERE ENROLLED AT DEERFIELD ACADEMY. OUR PROGRAMS OF SECONDARY EDUCATION (GRADES 9-12) INCLUDE THE DEVELOPMENT OF OUR STUDENTS' ACADEMIC AND SCHOLARSHIP SKILLS, CITIZENSHIP AND CHARACTER. COMMUNITY SERVICE, ATHLETIC PROGRAMS AND EXTRA-CURRICULAR ACTIVITIES ARE INTEGRATED AS A PART OF THE SCHOOL'S LONGSTANDING INTELLECTUAL AND MORAL TRADITION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Austin John Head Of School/trustee | OfficerTrustee | 60 | $799,294 |
Finan Keith Chief Financial Officer | Officer | 60 | $345,670 |
Romberger Ann Chief Advancement Officer | Officer | 60 | $286,808 |
Taylor John Dean Of Faculty | Officer | 60 | $235,484 |
Shelburne Erika Director Of Intl. Advancement | 60 | $196,459 | |
Benson Bryant Director Of Medical Services | 60 | $187,572 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Seaside Ice Llc Dba Ice America Ice Rink Production | 6/29/21 | $399,285 |
Mahaffey Usa Event & Tent Rentals | 6/29/21 | $377,782 |
John Moore Painting Painting & Restoration | 6/29/21 | $157,004 |
Callahan Painting Painting & Restoration | 6/29/21 | $149,883 |
Storebeck Search Llc Executive Search | 6/29/21 | $130,101 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $20,154,510 |
| Investment income | $2,925,073 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $24,482,350 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $372,255 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $87,019,997 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $11,549,527 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $989,890 |
| Compensation to disqualified persons | $104,264 |
| Other salaries and wages | $23,647,709 |
| Pension plan accruals and contributions | $2,382,782 |
| Other employee benefits | $5,332,040 |
| Payroll taxes | $1,771,247 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $95,608 |
| Fees for services: Accounting | $74,758 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $735,616 |
| Fees for services: Other | $394,920 |
| Advertising and promotion | $66,358 |
| Office expenses | $948,089 |
| Information technology | $950,482 |
| Royalties | $0 |
| Occupancy | $3,347,621 |
| Travel | $584,125 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $228,014 |
| Interest | $2,588,747 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $8,441,730 |
| Insurance | $728,065 |
| All other expenses | $0 |
| Total functional expenses | $72,491,700 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $33,087 |
| Savings and temporary cash investments | $21,611,611 |
| Pledges and grants receivable | $41,902,387 |
| Accounts receivable, net | $417,107 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $389,057 |
| Prepaid expenses and deferred charges | $1,998,380 |
| Investments—publicly traded securities | $273,203,254 |
| Investments—other securities | $392,994,069 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $6,519,506 |
| Total assets | $1,009,854,595 |
| Accounts payable and accrued expenses | $5,503,112 |
| Grants payable | $0 |
| Deferred revenue | $3,574,255 |
| Tax-exempt bond liabilities | $47,416,689 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $25,000,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $3,173,177 |
| Total liabilities | $84,667,233 |
| 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 | $925,187,362 |
Grants Awarded
Over the last fiscal year, Trustees Of Deerfield Academy has awarded $537,433 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
TOWN OF DEERFIELD PURPOSE: GENERAL SUPPORT | $444,000 |
FRONTIER REGIONAL AND UNION #38 SCHOOL DISTRICTS PURPOSE: GENERAL SUPPORT | $25,460 |
DEERFIELD AREA FIRE PROTECTION DISTRICT PURPOSE: GENERAL SUPPORT | $23,400 |
Greenfield, MA PURPOSE: GENERAL SUPPORT | $20,079 |
SECOND HELPINGS CO EPISCOPAL CHURCH OF SAINTS JAMES AND ANDREW PURPOSE: GENERAL SUPPORT | $13,300 |
Greenfield, MA PURPOSE: GENERAL SUPPORT | $11,194 |
Grants Recieved
Over the last fiscal year, we have identified 42 grants that Trustees Of Deerfield Academy has recieved totaling $3,174,755.
| Awarding Organization | Amount |
|---|---|
Morgan Stanley Global Impact Funding Trust Inc Indianapolis, IN PURPOSE: UNRESTRICTED GENERAL SUPPORT | $1,110,000 |
John L Brandegee Trust Pittsburgh, PA PURPOSE: CHARITABLE | $748,536 |
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $342,990 |
Rockefeller Philanthropy Advisors Inc New York, NY PURPOSE: GENERAL | $230,000 |
Goldman Sachs Philanthropy Fund New York, NY PURPOSE: EDUCATION | $80,797 |
National Charitable Endowment Inc Darien, CT PURPOSE: GENERAL CHARITABLE USE | $75,000 |
Endowment Analysis
| Beg. Balance | $632,329,934 |
| Earnings | $231,963,328 |
| Net Contributions | $25,616,179 |
| Other Expense | $16,648,720 |
| Grants | $9,707,258 |
| Ending Balance | $863,553,463 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Choate Rosemary Hall Foundation Incorporated Wallingford, CT | $824,930,363 | $80,573,016 |
Hotchkiss School Lakeville, CT | $832,226,197 | $135,336,667 |
St Pauls School Concord, NH | $908,168,263 | $117,316,597 |
Trustees Of Deerfield Academy Deerfield, MA | $1,009,854,595 | $87,019,997 |
Taft School Corporation Watertown, CT | $447,949,060 | $83,525,324 |
Northfield Mount Hermon School Mount Hermon, MA | $279,135,089 | $64,524,302 |
Loomis Institute Windsor, CT | $445,458,169 | $66,028,387 |
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 |
Kent School Corporation Kent, CT | $229,105,384 | $52,388,614 |
Hopkins School Incorporated New Haven, CT | $238,380,739 | $44,795,541 |