Trustees Of Thayer Academy
- Assets
- $161.5m
- Revenue
- $74.1m
- Investments
- $60.3m
- Employees
- 268
- Location
- Braintree, MA
- Founding
- 11/1933
- Data as of
- 06/2021
- EIN
- 04-2105781
Organization Overview
Trustees Of Thayer Academy, operating under the name Thayer Academy, is located in Braintree, MA. The organization was established in 1933. 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, Thayer Academy employed 268 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Thayer 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 06/2021, Thayer Academy generated $74.1m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 13.3% each year . All expenses for the organization totaled $42.4m during the year ending 06/2021. While expenses have increased by 3.8% 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
COLLEGE PREPARATORY EDUCATIONAL INSTITUTION FOR GRADES 5 THROUGH 12.
Describe the Organization's Program Activity:
COLLEGE PREPARATORY EDUCATIONAL INSTITUTION FOR GRADES 5 THROUGH 12. THE ACADEMY HAD 697 STUDENTS ENROLLED THIS YEAR.
SUMMER PROGRAM OFFERED TO ALL STUDENTS TO FURTHER ENHANCE THE SCHOOL'S MISSION ON A BROADER FRONT (IE ARTS, CRAFTS, SPORTS, AND OTHER SPECIALIZED PROGRAMS).
AUXILIARY SERVICES PROVIDED FOR THE CONVENIENCE OF STUDENTS, FACULTY, AND STAFF.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William T Koskores Head Of School | Officer | 40 | $1,032,887 |
Julaine Mcinnis CFO / COO / Asst. Treasurer | Officer | 40 | $230,133 |
Melissa Forger Director Of Development | 40 | $194,407 | |
Randolph Thompson Head Of Upper School | 40 | $155,043 | |
Jonathan White Director Of Admissions | 40 | $149,235 | |
Joanna Gilman Chief Marketing/communications Ofcr | 40 | $146,552 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Page Building Construction Corp Construction | 6/29/21 | $2,078,821 |
Martin Technical Services It Services | 6/29/21 | $349,784 |
Joseph Ingle Bus Service Inc Bus Transportation | 6/29/21 | $336,367 |
L C Anderson Inc Hvac Services | 6/29/21 | $313,391 |
Eck Macneely Architects Inc Construction | 6/29/21 | $402,659 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $45,262 |
| Related organizations | $0 |
| Government grants | $3,410,350 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,277,271 |
| Noncash contributions included in lines 1a–1f | $287,957 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,732,883 |
| Total Program Service Revenue | $36,428,193 |
| Investment income | $37,713 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $127,664 |
| Net Gain/Loss on Asset Sales | $30,728,563 |
| Net Income from Fundraising Events | -$30,194 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$16,051 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $74,068,471 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $7,742,638 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,522,676 |
| Compensation of current officers, directors, key employees. | $780,769 |
| Compensation to disqualified persons | $111,830 |
| Other salaries and wages | $14,069,073 |
| Pension plan accruals and contributions | $750,246 |
| Other employee benefits | $3,254,278 |
| Payroll taxes | $1,173,889 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $294,440 |
| Fees for services: Accounting | $40,583 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $96,621 |
| Fees for services: Other | $300,820 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $426,354 |
| Royalties | $0 |
| Occupancy | $2,278,013 |
| Travel | $1,801 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $35,882 |
| Interest | $979,192 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,881,899 |
| Insurance | $0 |
| All other expenses | $1,718,018 |
| Total functional expenses | $42,443,554 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,714 |
| Savings and temporary cash investments | $7,243,777 |
| Pledges and grants receivable | $1,678,232 |
| Accounts receivable, net | $18,844,393 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $2,882,778 |
| Inventories for sale or use | $72,584 |
| Prepaid expenses and deferred charges | $645,105 |
| Net Land, buildings, and equipment | $68,478,130 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $60,345,309 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,330,881 |
| Total assets | $161,523,903 |
| Accounts payable and accrued expenses | $3,577,968 |
| Grants payable | $0 |
| Deferred revenue | $30,865,067 |
| Tax-exempt bond liabilities | $27,178,296 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $4,437,744 |
| Total liabilities | $66,059,075 |
| Net assets without donor restrictions | $57,728,988 |
| Net assets with donor restrictions | $37,735,840 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $161,523,903 |
Grants Recieved
Over the last fiscal year, we have identified 15 grants that Trustees Of Thayer Academy has recieved totaling $334,492.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $156,030 |
American Endowment Foundation Hudson, OH PURPOSE: EDUCATIONAL | $126,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $16,763 |
Morgan Stanley Global Impact Funding Trust Inc Indianapolis, IN PURPOSE: UNRESTRICTED GENERAL SUPPORT | $10,000 |
Fiduciary Charitable Foundation Boston, MA PURPOSE: DONATIONS | $10,000 |
Ayco Charitable Foundation Cohoes, NY PURPOSE: EDUCATION | $5,250 |
Endowment Analysis
| Beg. Balance | $47,400,247 |
| Earnings | $12,745,337 |
| Net Contributions | $2,069,047 |
| Other Expense | $1,100,295 |
| Grants | $814,845 |
| Ending Balance | $60,299,491 |
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 |