Cushing Academy Trustees
79% goes to programs $51 to raise $100 Strong reserves Growing revenue
Cushing Academy Trustees is a 501(c)(3) organization based in Ashburnham, Massachusetts, registered in 1934, with $37,294,989 in FY2023 revenue. CharityIndex grades it A, and it directs about 79% of spending to programs.
39 School St, Ashburnham, MA, 01430 EIN 04-2104048 Since 1934
Revenue (FY2023)
$37.3M
▲ 5.2% vs prior year
Education median: $200K
Expenses (FY2023)
$34.6M
Net assets
$207.5M
Employees
222
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
AProgram efficiency40% of the rating79% to programs · $51 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 Cushing Academy Trustees: 79% to programs · $51 to raise $100 earns a A on this criterion. See the exact thresholds →
B+Financial health25% of the rating72 mo reserves · +7% 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 Cushing Academy Trustees: 72 mo reserves · +7% 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 Cushing Academy Trustees: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
ATransparency10% of the rating4 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 Cushing Academy Trustees: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
Independent college preparatory secondary school.
Contact & location
- Address
- 39 School St, Ashburnham, MA, 01430
- City
- Ashburnham
- State
- Massachusetts
- Category
- Education
- Subcategory
- Elementary & Secondary Schools
- Phone
- …
- Website
- …
Financial trends
Revenue declined from $37.8M (FY2013) to $37.3M (FY2023) across 11 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $41.0MNet assets $207.5M
Operating margin
7.2%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$248.5M
Total liabilities
$41.0M
Net assets
$207.5M
Salaries & benefits
$14.6M
42% of expenses
Board members
13
12 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $37,294,989▲5.2% | $34,623,042▲4.5% | $207,469,118▲5.3% | $248,517,302▲4.7% | 990 |
| 2022 | $35,445,100▼35.7% | $33,145,504▲3.2% | $197,013,342▲4.1% | $237,291,058▲3.8% | 990 |
| 2021 | $55,161,212▲88.8% | $32,127,639▲10.2% | $189,237,000▲9.3% | $228,695,316▲9.5% | 990 |
| 2020 | $29,223,028▼20.2% | $29,143,479▼9.0% | $173,139,797▲7.3% | $208,929,433▲4.1% | 990 |
| 2019 | $36,631,164▼41.2% | $32,031,668▲3.3% | $161,313,427▲3.4% | $200,657,323▲3.5% | 990 |
| 2018 | $62,286,394▲117% | $31,016,873▲5.7% | $156,065,945▲26.0% | $193,931,346▲18.0% | 990 |
| 2017 | $28,690,633▼64.0% | $29,351,910▼5.0% | $123,836,452▲2.0% | $164,335,375▲1.7% | 990 |
| 2016 | $79,717,665▲129% | $30,906,122▲2.5% | $121,391,649▲77.8% | $161,596,412▲54.3% | 990 |
| 2015 | $34,860,503▲23.7% | $30,143,017▲2.1% | $68,278,644▲5.4% | $104,759,226▲3.7% | 990 |
| 2014 | $28,187,373▼25.5% | $29,526,617▼2.7% | $64,757,563▼1.0% | $101,018,276▼0.6% | 990 |
| 2013 | $37,811,588 | $30,348,784▼2.7% | $65,382,809▲23.5% | $101,617,004▲11.5% | 990 |
| 2012 | — | $31,181,462▲5.8% | $52,935,002▲11.4% | $91,169,121▲4.7% | 990 |
| 2011 | — | $29,465,530▲3.8% | $47,508,862▼5.1% | $87,038,279▼1.8% | 990 |
| 2010 | — | $28,379,675▲7.4% | $50,083,484▲10.3% | $88,621,134▲5.1% | 990 |
| 2009 | — | $26,426,702 | $45,387,760 | $84,298,125 | 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 (FY2023)
Highest-paid: Randy Bertin — $472,262 (1.36% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Randy Bertin | Trustee, Head of School | 50 | $472,262 |
| Paul Silva | Cfo | 50 | $282,463 |
| Catherine Pollock | Associate Head of School | 50 | $233,085 |
| Gregory Pollard | Director of Advancement | 40 | $172,395 |
| Edward Kirk | Director Master Planning/engineering | 40 | $163,258 |
| David Stone | Dean of Faculty | 40 | $134,735 |
| Sarah Catlin | Director of Student Affairs | 40 | $133,215 |
| Paul Pearl | Advancement Officer | 40 | $125,558 |
| Dana Barnes | Trustee | 2 | — |
| Douglas Cramer | Trustee | 2 | — |
| George Thomas | Trustee | 2 | — |
| Joseph Marzilli | Chair & Treasurer | 2 | — |
| Ken Chang | Trustee | 2 | — |
| Kimberly Samson | Trustee | 2 | — |
| Kristine Pelletier | Trustee | 2 | — |
| Mark Stoever | Trustee (as of 5/3/2024) | 2 | — |
| Matt Siegel | Trustee, Vice Chair (as of 5/3/2024) | 2 | — |
| Maya Rogers | Trustee (as of 5/3/2024) | 2 | — |
| Melissa Irving Christensen | Trustee (until 5/3/2024) | 2 | — |
| M Elizabeth Akers | Trustee (current)/vc (until 5/3/24) | 2 | — |
Top vendors & contractors (FY2023)
| Contractor | Services | Paid |
|---|---|---|
| Timberline Constructions | Construction Company | $18,709,491 |
| Brock | Dinning Services | $2,716,598 |
| Dimella Shaffer | Architectural Services | $433,544 |
| Csl | Project Management & Mitigation | $338,712 |
| Securitas Security Services USA Inc | Security Services | $337,000 |
Grants received · $2.9M total
37 grants to Cushing Academy Trustees totaling $2.9M, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Gs Donor Advised Philanthropy Fund For Wealth Management Inc | Education | 2024 | $65,000 |
| The Bessemer Giving Fund | General support | 2024 | $30,000 |
| American Online Giving Foundation Inc | General support | 2024 | $20,492 |
| Cleveland Foundation | General support | 2024 | $10,000 |
| Morgan Stanley Global Impact Funding Trust Inc | Unrestricted general support | 2024 | $5,000 |
| National Philanthropic Tr | Public, societal benefit | 2023 | $150,000 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2023 | $66,565 |
| Gs Donor Advised Philanthropy Fund For Wealth Management Inc | Education | 2023 | $55,000 |
| The Bessemer Giving Fund | General support | 2023 | $30,000 |
| Donor Advised Charitable Giving | Education | 2023 | $11,975 |
| National Philanthropic Tr | Education | 2022 | $250,000 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2022 | $85,650 |
| Gs Donor Advised Philanthropy Fund For Wealth Management Inc | Education | 2022 | $30,000 |
| The Bessemer Giving Fund | General support | 2022 | $30,000 |
| Donor Advised Charitable Giving | Education | 2022 | $17,325 |
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Frequently asked questions
- Is Cushing Academy Trustees a legitimate nonprofit?
- Yes. Cushing Academy Trustees is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 04-2104048, based in Ashburnham, Massachusetts. Donations are tax-deductible.
- What is Cushing Academy Trustees's EIN?
- Cushing Academy Trustees's Employer Identification Number (EIN) is 04-2104048.
- How much revenue does Cushing Academy Trustees report?
- Cushing Academy Trustees reported $37,294,989 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- How much of Cushing Academy Trustees's spending goes to programs?
- Cushing Academy Trustees spends about 79% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Cushing Academy Trustees have?
- CharityIndex grades Cushing Academy Trustees A, based on program efficiency and fundraising cost.
- How much does Cushing Academy Trustees's highest-paid employee make?
- The highest reported compensation on Cushing Academy Trustees's latest Form 990 is $472,262, paid to Randy Bertin (Trustee, Head of School).
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Data for Cushing Academy Trustees (EIN 04-2104048) 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.