Milton Academy
72% goes to programs $33 to raise $100 Strong reserves
Milton Academy is a 501(c)(3) organization based in Milton, Massachusetts, registered in 1959, with $94,499,564 in FY2023 revenue. CharityIndex grades it B+, and it directs about 72% of spending to programs.
170 Centre St, Milton, MA, 02186 EIN 04-2103603 Since 1959
Revenue (FY2023)
$94.5M
▲ 9.6% vs prior year
Education median: $200K
Expenses (FY2023)
$103.2M
Net assets
$453.0M
Employees
641
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B+
BProgram efficiency40% of the rating72% to programs · $33 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 Milton Academy: 72% to programs · $33 to raise $100 earns a B on this criterion. See the exact thresholds →
B+Financial health25% of the rating53 mo reserves · -9% 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 Milton Academy: 53 mo reserves · -9% 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 Milton Academy: 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 Milton Academy: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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Mission
Milton academy is an independent college preparatory k-12 school, boarding and day in grades 9-12.
What they do
The mountain school of milton academy is an independent semester program that provides high school juniors the opportunity to live and work on an organic farm in rural vermont. in academic year 2023-2024, the mountain school enrolled an average of 50 high-achieving students per semester from all over the country. courses provide a demanding, integrated learning experience that takes full advantage of the school's small size and mountain campus. students come from different backgrounds and schools around the country, and are challenged to work together and learn from each other, as they explore the intersection of the school's farm, academic program, and residential life. the goal is for students to return to their schools and communities, more clear about themselves and better prepared to become effective citizens.
Milton academy provides a saturday course to gifted students, rental of facilities, health services, school buses, an outdoor program, after school activities, and yearbook program.
Through interscholastic and intramural sports, as well as physical education courses, all milton academy students are involved in physically active and challenging pursuits that help form an exceptional educational experience. athletic activity is certainly an expression of one form of intelligence, an intelligence that needs to be developed and nurtured as does any other.
Contact & location
- Address
- 170 Centre St, Milton, MA, 02186
- City
- Milton
- State
- Massachusetts
- Category
- Education
- Subcategory
- Elementary & Secondary Schools
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $74.0M (FY2013) to $94.5M (FY2023) across 11 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $83.9MNet assets $453.0M
Operating margin
-9.2%
Spent more than it raised in the latest fiscal year.
Total assets
$536.9M
Total liabilities
$83.9M
Net assets
$453.0M
Salaries & benefits
$45.8M
44% of expenses
Board members
28
27 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $94,499,564▲9.6% | $103,194,184▲8.3% | $452,987,904▲5.7% | $536,905,318▲4.3% | 990 |
| 2022 | $86,198,742▼26.0% | $95,321,635▲5.3% | $428,566,347▲4.1% | $514,718,965▲6.5% | 990 |
| 2021 | $116,547,638▲11.0% | $90,543,037▲8.4% | $411,803,380▼6.3% | $483,505,608▼5.7% | 990 |
| 2020 | $105,004,685▼0.6% | $83,560,459▲3.6% | $439,293,820▲20.8% | $512,730,465▲18.0% | 990 |
| 2019 | $105,691,036▲17.6% | $80,690,297▲2.4% | $363,594,718▲4.5% | $434,577,806▲6.9% | 990 |
| 2018 | $89,874,906▲2.2% | $78,797,388▲1.6% | $347,787,780▲0.6% | $406,482,319▼0.1% | 990 |
| 2017 | $87,947,597▼6.0% | $77,576,701▲5.0% | $345,610,684▲8.7% | $406,699,265▲7.7% | 990 |
| 2016 | $93,596,764▲22.3% | $73,849,053▲5.3% | $317,965,430▲12.0% | $377,680,820▲10.5% | 990 |
| 2015 | $76,519,464▼7.3% | $70,140,001▲4.5% | $283,930,648▼3.4% | $341,822,360▼3.1% | 990 |
| 2014 | $82,529,930▲11.5% | $67,126,054▲3.2% | $293,975,097▲6.2% | $352,692,132▲4.9% | 990 |
| 2013 | $74,010,816 | $65,064,175▲3.6% | $276,921,303▲18.1% | $336,111,422▲14.6% | 990 |
| 2012 | — | $62,831,670▲2.8% | $234,569,457▲10.6% | $293,266,405▲7.7% | 990 |
| 2011 | — | $61,139,705▲1.2% | $212,165,387▼6.2% | $272,239,145▼4.9% | 990 |
| 2010 | — | $60,436,114▲2.2% | $226,107,300▲15.5% | $286,388,266▲11.1% | 990 |
| 2009 | — | $59,128,956 | $195,760,465 | $257,719,863 | 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: Theodorick Bland — $607,607 (0.59% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Theodorick Bland | Former Head of School | 60 | $607,607 |
| Heidi Vanderbilt-brown | Chief Financial & Operating Officer | 50 | $297,873 |
| Lisa Winick | Chief Advancement Officer | 50 | $293,478 |
| Alexandra Callen | Head of School | 60 | $251,123 |
| Monica Palmer | Principal, Upper School | 50 | $224,334 |
| Carol A Giusti-cahalane | Director of Development | 50 | $194,433 |
| Eileen Newman | Chief Communication Officer | 50 | $189,530 |
| Paul Rebuck | Dean of Enrollment & Financial Aid | 50 | $183,044 |
| Paula Connolly | Controller | 50 | $174,983 |
| Diane Kimball | Director of Budgets & Institutional | 50 | $170,714 |
| Claire Hughes Johnson | Trustee, President | 4 | — |
| David B Brewster | Trustee | 1 | — |
| David V Cappillo | Trustee | 1 | — |
| Edward E Wendell Jr | Trustee, Vice President (until 6/24) | 3 | — |
| Eugene F Reilly | Trustee | 1 | — |
| Gabriel Sunshine | Trustee | 1 | — |
| Helen Zhu | Trustee | 1 | — |
| Hendrick Sin | Trustee | 1 | — |
| Jason Dillow | Trustee | 1 | — |
| John B Fitzgibbons | Trustee | 1 | — |
Top vendors & contractors (FY2023)
| Contractor | Services | Paid |
|---|---|---|
| Aramark Services Inc | Food Service | $4,760,678 |
| Architectural Resources Cambridge Inc | Construction Consultant | $1,217,515 |
| Local Motion of Boston Inc | Bus Service | $1,033,695 |
| Partners Capital Investment Group LLC | Investment Consultant | $994,733 |
| C M Cleaning Company Inc | Cleaning Contractor | $894,439 |
Grants received · $35.1M total
194 grants to Milton Academy totaling $35.1M, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| American Endowment Foundation | Educational | 2024 | $2,181,000 |
| Bny Mellon Charitable Gift Fund | To further the organization's exempt purpose | 2024 | $167,000 |
| American Online Giving Foundation Inc | General support | 2024 | $97,542 |
| Gs Donor Advised Philanthropy Fund For Wealth Management Inc | Education | 2024 | $51,000 |
| Network For Good Inc | Unrestricted | 2024 | $50,474 |
| The Us Charitable Gift Trust | For recipient's exempt purpose | 2024 | $30,200 |
| Morgan Stanley Global Impact Funding Trust Inc | Unrestricted general support | 2024 | $30,000 |
| Jewish Communal Fund | In furtherance of grantee's tax-exempt purpose | 2024 | $27,750 |
| Silicon Valley Community Foundation | Education | 2024 | $26,000 |
| Raymond James Charitable Endowment Fund | General support | 2024 | $25,600 |
| The New York Community Trust | For general support. | 2024 | $25,080 |
| Cleveland Foundation | Scholarships | 2024 | $20,000 |
| Rockefeller Philanthropy Advisors Inc | Education | 2024 | $10,000 |
| New Hampshire Charitable Foundation | For general support | 2024 | $10,000 |
| Fiduciary Charitable Foundation | Donations | 2024 | $6,000 |
Grants made · $275K in FY2023
6 grants totaling $275K in FY2023. All grants made by Milton Academy →
| Recipient | Purpose | Amount |
|---|---|---|
| Town of Milton | Voluntary grant | $225,000 |
| Milton Fire Department | Voluntary grant | $12,500 |
| Milton Police Department | Voluntary grant | $12,500 |
| Milton Foundation For Education | Voluntary grant | $10,000 |
| Milton Teen Center | Voluntary grant | $7,500 |
| Milton Library Foundation Inc | Voluntary grant | $7,500 |
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Frequently asked questions
- Is Milton Academy a legitimate nonprofit?
- Yes. Milton Academy is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 04-2103603, based in Milton, Massachusetts. Donations are tax-deductible.
- What is Milton Academy's EIN?
- Milton Academy's Employer Identification Number (EIN) is 04-2103603.
- How much revenue does Milton Academy report?
- Milton Academy reported $94,499,564 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- How much of Milton Academy's spending goes to programs?
- Milton Academy spends about 72% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Milton Academy have?
- CharityIndex grades Milton Academy B+, based on program efficiency and fundraising cost.
- How much does Milton Academy's highest-paid employee make?
- The highest reported compensation on Milton Academy's latest Form 990 is $607,607, paid to Theodorick Bland (Former Head of School).
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Explore more
Data for Milton Academy (EIN 04-2103603) 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.