Greenwich Academy Inc
80% goes to programs $23 to raise $100 Strong reserves Growing revenue
Greenwich Academy Inc is a 501(c)(3) organization based in Greenwich, Connecticut, registered in 1938, with $73,977,265 in FY2023 revenue. CharityIndex grades it A, and it directs about 80% of spending to programs.
200 N Maple Ave, Greenwich, CT, 06830 EIN 06-0653118 Since 1938
Revenue (FY2023)
$74.0M
▲ 44.4% vs prior year
Education median: $200K
Expenses (FY2023)
$60.2M
Net assets
$262.7M
Employees
271
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 rating80% to programs · $23 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 Greenwich Academy Inc: 80% to programs · $23 to raise $100 earns a B+ on this criterion. See the exact thresholds →
AFinancial health25% of the rating52 mo reserves · +19% 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 Greenwich Academy Inc: 52 mo reserves · +19% margin earns a A 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 Greenwich Academy Inc: 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 Greenwich Academy Inc: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
Greenwich academy is an independent college-preparatory day school for girls and young women that seeks to foster excellence. its mission is to provide a challenging, comprehensive educational experience grounded in a rigorous liberal arts curriculum within an inclusive, diverse community. the school's objective is to develop girls and young women of exceptional character and achievement who demonstrate independence, resilience, courage, integrity and compassion. we strive, above all, to honor our motto, "toward the building of character."
Contact & location
- Address
- 200 N Maple Ave, Greenwich, CT, 06830
- City
- Greenwich
- State
- Connecticut
- Category
- Education
- Subcategory
- Elementary & Secondary Schools
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $52.2M (FY2013) to $74.0M (FY2023) across 11 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $53.1MNet assets $262.7M
Operating margin
18.7%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$315.8M
Total liabilities
$53.1M
Net assets
$262.7M
Salaries & benefits
$36.2M
60% of expenses
Board members
28
26 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $73,977,265▲44.4% | $60,179,578▲4.6% | $262,680,590▲6.4% | $315,820,795▲4.9% | 990 |
| 2022 | $51,216,827▼4.8% | $57,540,791▲3.9% | $246,897,262▲4.1% | $301,165,536▲3.4% | 990 |
| 2021 | $53,822,348▼5.1% | $55,377,037▲7.1% | $237,252,662▼10.1% | $291,347,699▼7.0% | 990 |
| 2020 | $56,728,095▼2.5% | $51,697,211▲3.2% | $263,927,772▲16.6% | $313,417,197▲13.9% | 990 |
| 2019 | $58,210,222▼14.2% | $50,118,268▲0.1% | $226,299,486▲7.2% | $275,154,137▲7.6% | 990 |
| 2018 | $67,862,854▲27.4% | $50,047,051▲4.9% | $211,171,093▲12.3% | $255,835,296▲10.1% | 990 |
| 2017 | $53,280,030▲14.0% | $47,695,817▲6.3% | $187,986,473▲7.4% | $232,301,777▲6.1% | 990 |
| 2016 | $46,718,867▼7.2% | $44,872,893▲0.7% | $175,077,405▲7.6% | $218,973,355▲6.1% | 990 |
| 2015 | $50,366,715▲14.4% | $44,554,049▲4.2% | $162,750,465▲3.1% | $206,342,120▲2.3% | 990 |
| 2014 | $44,036,976▼15.7% | $42,769,290▲0.9% | $157,931,658▲4.3% | $201,753,835▲2.4% | 990 |
| 2013 | $52,221,945 | $42,394,459▲6.2% | $151,453,576▲10.6% | $197,064,948▲1.8% | 990 |
| 2012 | — | $39,909,837▼1.5% | $136,996,966▲7.8% | $193,625,714▲5.2% | 990 |
| 2011 | — | $40,519,781▲4.0% | $127,078,764▲11.6% | $184,062,030▲0.5% | 990 |
| 2010 | — | $38,952,007▲2.3% | $113,896,515▲7.2% | $183,084,354▲4.0% | 990 |
| 2009 | — | $38,062,446 | $106,251,714 | $175,972,337 | 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: Molly King — $1,104,139 (1.83% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Molly King | Head of School (through 06/30/2023) | 40 | $1,104,139 |
| Mark Feiner | Assoc. Head of School | 40 | $476,975 |
| Andrea Sabitsana | Chief Financial Officer | 40 | $463,208 |
| Rebecca Walker | Asst. Head of School, Head of Middle | 40 | $378,360 |
| Thomas Sullivan | Asst. Head of School, Head of Upper | 40 | $372,805 |
| Amy O'reilly Rizzi | Director of Advancement | 40 | $312,428 |
| Margaret Hazlett | Head of School (as of 07/01/2023) | 40 | $309,898 |
| Bobby Walker Jr | Asst. Head For Community and Student | 40 | $287,747 |
| Michelle Summers | Director of Finance and Operations | 40 | $251,369 |
| Jon Ross-wiley | Head of Lower School | 40 | $243,975 |
| Kamele Mclaren | Director of Dei/professional Growth | 40 | $192,464 |
| Donna Byrnes | Former Dir. of Advancement | 16 | $163,860 |
| Alexander Captain | Trustee | 5 | — |
| Alexandra Steel Scott | Trustee | 1 | — |
| Alexa Raether Maddock | Trustee | 1 | — |
| Andra Winokur Newman | Chairman | 15 | — |
| Anne Day Thorp | Trustee | 1 | — |
| Carter Brooks Simonds | Trustee | 1 | — |
| Catherine Ohern Lyons | Trustee | 1 | — |
| Craig W Packer | Treasurer | 5 | — |
Top vendors & contractors (FY2023)
| Contractor | Services | Paid |
|---|---|---|
| Sodexo Inc & Affiliates | Facility Services | $2,610,227 |
| Flik Independent Schools | Dining Services | $1,423,454 |
| Encon Heating & Airconditioning | Air Conditioning Service | $1,367,866 |
| Offit Capital Advisors LLC | Investment Advising | $406,649 |
| M'clen Home Improvement Inc | Construction | $229,275 |
Grants received · $19.9M total
127 grants to Greenwich Academy Inc totaling $19.9M, 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 | $214,000 |
| Morgan Stanley Global Impact Funding Trust Inc | Unrestricted general support | 2024 | $80,465 |
| Morgan Stanley Global Impact Funding Trust Inc | Unrestricted general support | 2024 | $67,500 |
| Jewish Communal Fund | In furtherance of grantee's tax-exempt purpose | 2024 | $63,600 |
| American Online Giving Foundation Inc | General support | 2024 | $35,883 |
| Rockefeller Philanthropy Advisors Inc | Education | 2024 | $33,000 |
| Santa Barbara Foundation | Human services | 2024 | $20,000 |
| The Seattle Foundation | To provide general support | 2024 | $15,000 |
| The Seattle Foundation | To provide general support | 2024 | $10,000 |
| Ayco Charitable Foundation | Education | 2024 | $8,500 |
| The Bessemer Giving Fund | General support | 2024 | $7,000 |
| The Seattle Foundation | To provide general support | 2024 | $500 |
| National Philanthropic Tr | International | 2023 | $600,391 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2023 | $505,406 |
| Goldman Sachs Charitable Gift Fund | Educational programs & other student svc | 2023 | $171,000 |
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Frequently asked questions
- Is Greenwich Academy Inc a legitimate nonprofit?
- Yes. Greenwich Academy Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 06-0653118, based in Greenwich, Connecticut. Donations are tax-deductible.
- What is Greenwich Academy Inc's EIN?
- Greenwich Academy Inc's Employer Identification Number (EIN) is 06-0653118.
- How much revenue does Greenwich Academy Inc report?
- Greenwich Academy Inc reported $73,977,265 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- How much of Greenwich Academy Inc's spending goes to programs?
- Greenwich Academy Inc spends about 80% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Greenwich Academy Inc have?
- CharityIndex grades Greenwich Academy Inc A, based on program efficiency and fundraising cost.
- How much does Greenwich Academy Inc's highest-paid employee make?
- The highest reported compensation on Greenwich Academy Inc's latest Form 990 is $1,104,139, paid to Molly King (Head of School (through 06/30/2023)).
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Data for Greenwich Academy Inc (EIN 06-0653118) 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.