Belmont Hill School Inc
76% goes to programs $22 to raise $100 Strong reserves Growing revenue
Belmont Hill School Inc is a 501(c)(3) organization based in Belmont, Massachusetts, registered in 1929, with $73,236,485 in FY2024 revenue. CharityIndex grades it A, and it directs about 76% of spending to programs.
350 Prospect St, Belmont, MA, 02478 EIN 04-2103870 Since 1929
Revenue (FY2024)
$73.2M
▲ 37.0% vs prior year
Education median: $200K
Expenses (FY2024)
$45.8M
Net assets
$253.0M
Employees
274
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
B+Program efficiency40% of the rating76% to programs · $22 to raise $100
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Belmont Hill School Inc: 76% to programs · $22 to raise $100 earns a B+ on this criterion. See the exact thresholds →
B+Financial health25% of the rating66 mo reserves · +37% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Belmont Hill School Inc: 66 mo reserves · +37% margin earns a B+ on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Belmont Hill School Inc: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
A+Transparency10% of the rating5 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Belmont Hill School Inc: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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Mission
Belmont hill school educates boys in mind, body, and spirit to develop men of good character. our community encourages and challenges students to discover and pursue passions, seek excellence and face adversity with resilience. we cultivate critical thinking and creativity, teamwork and competition, hard work and reflections, tradition and innovation. valuing our differences and working together, we embrace camaraderie, compassion, and service to others. our school strives to instill in each boy ethical judgment, a sense of common humanity, and lifelong love of learning.
What they do
Educational institutions and related activities: educated 830 boys and girls, ages 8 to 18, in a 6 week comprehensive and rigorous summer school or summer camp. students take courses for remediation, for enrichment, and for academic credit here and at other schools.
Contact & location
- Address
- 350 Prospect St, Belmont, MA, 02478
- City
- Belmont
- State
- Massachusetts
- Category
- Education
- Subcategory
- Elementary & Secondary Schools
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $30.5M (FY2013) to $73.2M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $43.9MNet assets $253.0M
Operating margin
37.4%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$296.9M
Total liabilities
$43.9M
Net assets
$253.0M
Salaries & benefits
$21.0M
46% of expenses
Board members
36
35 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $73,236,485▲37.0% | $45,839,024▲6.3% | $253,022,209▲12.9% | $296,903,003▲10.2% | 990 |
| 2023 | $53,458,441▲30.1% | $43,107,118▲11.7% | $224,202,375▲12.8% | $269,529,738▲12.4% | 990 |
| 2022 | $41,088,782▼13.5% | $38,599,133▲5.6% | $198,801,787▲13.0% | $239,891,189▲10.7% | 990 |
| 2021 | $47,510,938▲11.9% | $36,568,046▲6.4% | $175,892,183▼12.1% | $216,719,471▼10.7% | 990 |
| 2020 | $42,454,308▲21.8% | $34,375,170▲8.2% | $200,172,132▲25.6% | $242,788,328▲19.4% | 990 |
| 2019 | $34,861,260▼28.7% | $31,783,876▼2.8% | $159,344,695▲2.3% | $203,315,618▼0.1% | 990 |
| 2018 | $48,890,101▲62.3% | $32,693,147▲4.4% | $155,713,916▲13.1% | $203,571,258▲9.7% | 990 |
| 2017 | $30,125,358▼0.8% | $31,306,967▲4.2% | $137,691,954▲5.0% | $185,577,509▲4.0% | 990 |
| 2016 | $30,362,025▲11.8% | $30,058,671▲5.7% | $131,135,306▲9.1% | $178,496,859▲6.4% | 990 |
| 2015 | $27,165,987▼1.6% | $28,433,227▲4.0% | $120,244,349▼2.3% | $167,761,700▼1.4% | 990 |
| 2014 | $27,597,261▼9.5% | $27,327,867▲6.3% | $123,071,125▲2.6% | $170,130,010▲0.2% | 990 |
| 2013 | $30,505,530 | $25,697,834▼19.5% | $120,004,326▲19.4% | $169,722,365▲15.0% | 990 |
| 2012 | — | $31,909,200▲26.9% | $100,479,219▲14.7% | $147,583,951▲13.3% | 990 |
| 2011 | — | $25,149,742▲1.1% | $87,594,447▲2.4% | $130,313,372▲1.4% | 990 |
| 2010 | — | $24,867,966▲4.5% | $85,562,766▲19.5% | $128,497,742▲15.5% | 990 |
| 2009 | — | $23,808,169 | $71,598,277 | $111,279,313 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2024)
Highest-paid: Gregory J Schneider — $589,538 (1.29% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Gregory J Schneider | Ronald M. Druker '62 Head of School-secretary | 50 | $589,538 |
| Beverly Couglin | Director of Development | 50 | $402,489 |
| Jay Bounty | Assistant Treasurer Cfo and Director of Operations | 50 | $362,793 |
| Michael Grant | Assistant Head of School | 50 | $208,916 |
| Donald Bradley | Head of Upper School | 50 | $200,787 |
| Jay Fritz | Director of Major and Planned Gifts | 50 | $199,590 |
| Lauren Hamilton | Director of Middle School | 50 | $186,628 |
| Steve Carr | Director of Admissions & Enrollment | 50 | $155,232 |
| Amy Madden | Trustee | 1 | — |
| Anthony Ryan | Treasurer | 1 | — |
| Brian Shortsleeve | Trustee | 1 | — |
| Carl Dawson | Trustee | 1 | — |
| Carl Martignetti | Trustee | 1 | — |
| Christopher Hadley | Trustee | 1 | — |
| Danielle Heard | Trustee | 1 | — |
| Daniel S Farb | Trustee | 1 | — |
| Emmet Lyne | Trustee | 1 | — |
| Florence Bourgeois | Trustee | 1 | — |
| George Lynch | Trustee | 1 | — |
| Gregory Paul | Trustee | 1 | — |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Fe French Construction | Construction Services | $6,934,265 |
| Compass Group USA | Food Services | $2,105,823 |
| Bedford Charter Services | Transportation Services | $882,687 |
| Compass Facility Services | Custodial Services | $656,173 |
| Four Seasons Air | Hvac Services | $480,377 |
Grants received · $29.4M total
107 grants to Belmont Hill School Inc totaling $29.4M, reported by foundations on their Schedule I filings — showing the 15 most recent.
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Frequently asked questions
- Is Belmont Hill School Inc a legitimate nonprofit?
- Yes. Belmont Hill School Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 04-2103870, based in Belmont, Massachusetts. Donations are tax-deductible.
- What is Belmont Hill School Inc's EIN?
- Belmont Hill School Inc's Employer Identification Number (EIN) is 04-2103870.
- How much revenue does Belmont Hill School Inc report?
- Belmont Hill School Inc reported $73,236,485 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Belmont Hill School Inc's spending goes to programs?
- Belmont Hill School Inc spends about 76% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Belmont Hill School Inc have?
- CharityIndex grades Belmont Hill School Inc A, based on program efficiency and fundraising cost.
- How much does Belmont Hill School Inc's highest-paid employee make?
- The highest reported compensation on Belmont Hill School Inc's latest Form 990 is $589,538, paid to Gregory J Schneider (Ronald M. Druker '62 Head of School-secretary).
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Data for Belmont Hill School Inc (EIN 04-2103870) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.