Taft School Corporation
83% goes to programs $21 to raise $100 Strong reserves Growing revenue
Taft School Corporation is a 501(c)(3) organization based in Watertown, Connecticut, registered in 1990, with $80,362,023 in FY2023 revenue. CharityIndex grades it A, and it directs about 83% of spending to programs.
110 Woodbury Rd, Watertown, CT, 06795 EIN 06-0646921 Since 1990
Revenue (FY2023)
$80.4M
▲ 10.6% vs prior year
Education median: $200K
Expenses (FY2023)
$65.8M
Net assets
$429.1M
Employees
382
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 rating83% to programs · $21 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 Taft School Corporation: 83% to programs · $21 to raise $100 earns a A on this criterion. See the exact thresholds →
B+Financial health25% of the rating78 mo reserves · +18% 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 Taft School Corporation: 78 mo reserves · +18% 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 Taft School Corporation: 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 Taft School Corporation: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
Show this grade on your website
A live seal — it updates automatically when the grade changes and links donors to this verified profile.
Mission
The mission of the school is to educate the whole student.
Contact & location
- Address
- 110 Woodbury Rd, Watertown, CT, 06795
- City
- Watertown
- State
- Connecticut
- Category
- Education
- Subcategory
- Elementary & Secondary Schools
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $71.0M (FY2013) to $80.4M (FY2023) across 11 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $64.5MNet assets $429.1M
Operating margin
18.1%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$493.6M
Total liabilities
$64.5M
Net assets
$429.1M
Salaries & benefits
$29.5M
45% of expenses
Board members
30
30 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $80,362,023▲10.6% | $65,837,521▲3.0% | $429,112,372▲6.7% | $493,572,563▲5.7% | 990 |
| 2022 | $72,655,289▼13.0% | $63,893,459▲7.7% | $402,117,150▲5.2% | $466,785,212▲4.2% | 990 |
| 2021 | $83,525,324▲23.6% | $59,337,990▲11.1% | $382,345,043▼7.7% | $447,949,060▼7.3% | 990 |
| 2020 | $67,557,837▲13.5% | $53,387,250▲3.2% | $414,257,987▲20.2% | $483,373,071▲23.3% | 990 |
| 2019 | $59,540,294▲0.5% | $51,725,535▼4.1% | $344,673,618▼5.6% | $392,170,576▼8.3% | 990 |
| 2018 | $59,234,269▼6.3% | $53,931,963▲4.5% | $365,175,339▲1.4% | $427,515,362▲0.6% | 990 |
| 2017 | $63,226,517▲21.1% | $51,622,424▲5.2% | $360,260,175▲4.1% | $424,805,811▲3.5% | 990 |
| 2016 | $52,224,026▼28.4% | $49,078,131▲1.6% | $346,034,320▲7.1% | $410,488,502▲5.4% | 990 |
| 2015 | $72,937,811▲8.0% | $48,306,612▲4.0% | $323,181,031▼4.4% | $389,358,568▼1.8% | 990 |
| 2014 | $67,532,697▼4.9% | $46,431,234▲4.1% | $337,997,699▲0.7% | $396,507,559 | 990 |
| 2013 | $71,014,308 | $44,616,329▲2.8% | $335,551,718▲12.5% | $396,387,738▲10.0% | 990 |
| 2012 | — | $43,417,850▲1.9% | $298,265,212▲7.2% | $360,279,334▲8.3% | 990 |
| 2011 | — | $42,589,620▲5.2% | $278,269,731▼3.3% | $332,773,550▼1.1% | 990 |
| 2010 | — | $40,476,952▲3.7% | $287,844,143▲12.2% | $336,611,954▲9.4% | 990 |
| 2009 | — | $39,046,491 | $256,560,463 | $307,774,060 | 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: William Macmullen — $804,028 (1.22% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| William Macmullen | Former Pres./head of School Eff 7/1/23 | 40 | $804,028 |
| John H Odden | Cfo | 40 | $293,387 |
| Arthur L Crimmins | Chief Advancement Officer | 40 | $277,944 |
| Peter Becker | President/head of School Eff 7/1/23 | 40 | $242,834 |
| Edith F Traina | Assist. Head of School For Faculty & Academics | 40 | $188,430 |
| Peter A Frew | Dir. of Admissions | 40 | $186,690 |
| David Jeremy Lacasse | Assist. Head of School For Student Life | 40 | $169,941 |
| Heidi Leatherman | Controller | 40 | $163,620 |
| Susan Hereby | Legal Counsel | 40 | $163,153 |
| Kaitlin Orfitelli | Dir. of Marketing & Communications | 40 | $162,711 |
| James Sheperd | Director of Facilities | 40 | $152,734 |
| Amanda C Mcgovern | Trustee | 0.5 | — |
| Amish H Mehta | Treasurer | 0.5 | — |
| Anthony W Pasquariello | Trustee | 0.5 | — |
| Charmaine S Lester | Trustee | 0.5 | — |
| Diana Sands Calvaruso | Trustee | 0.5 | — |
| Dylan Simonds | Trustee | 0.5 | — |
| E Marc Pinto | Trustee | 0.5 | — |
| Emily Israel Pluhar | Trustee | 0.5 | — |
| Ernest O Kwarteng | Secretary | 0.5 | — |
Top vendors & contractors (FY2023)
| Contractor | Services | Paid |
|---|---|---|
| Aramark Corporation | Food Services | $2,645,167 |
| Bushka Lumber & Millwork LLC | Construction Services | $1,663,373 |
| The Colony Group LLC | Invesment Management | $967,796 |
| Canopy Roofing and Property Services Ll | Roof and Property Services | $603,335 |
| Integration Partners Corporation | Information Technology Contractor | $469,858 |
Grants received · $15.4M total
146 grants to Taft School Corporation totaling $15.4M, reported by foundations on their Schedule I filings — showing the 15 most recent.
Similar organizations in Education
Education
The University of Bridgeport Inc
East Hartford, CT
$124.0M
Aannual revenue
Education
Greenwich Country Day School Inc
Greenwich, CT
$114.7M
Aannual revenue
Education
Hotchkiss School
Lakeville, CT
$112.9M
B+annual revenue
Education
Loomis Institute
Windsor, CT
$137.9M
B+annual revenue
Education
University of Connecticut Foundation Incorporated
Storrs, CT
$139.3M
Bannual revenue
Education
Choate Rosemary Hall Foundation Incorporated
Wallingford, CT
$105.2M
Aannual revenue
Education
University of Saint Joseph
West Hartford, CT
$98.1M
Aannual revenue
Education
Brunswick School Inc
Greenwich, CT
$90.1M
Aannual revenue
Education
Greenwich Academy Inc
Greenwich, CT
$74.0M
Aannual revenue
Education
Area Cooperative Educational Services
New Haven, CT
$176.8M
Aannual revenue
Compare Taft School Corporation
Frequently asked questions
- Is Taft School Corporation a legitimate nonprofit?
- Yes. Taft School Corporation is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 06-0646921, based in Watertown, Connecticut. Donations are tax-deductible.
- What is Taft School Corporation's EIN?
- Taft School Corporation's Employer Identification Number (EIN) is 06-0646921.
- How much revenue does Taft School Corporation report?
- Taft School Corporation reported $80,362,023 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- How much of Taft School Corporation's spending goes to programs?
- Taft School Corporation spends about 83% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Taft School Corporation have?
- CharityIndex grades Taft School Corporation A, based on program efficiency and fundraising cost.
- How much does Taft School Corporation's highest-paid employee make?
- The highest reported compensation on Taft School Corporation's latest Form 990 is $804,028, paid to William Macmullen (Former Pres./head of School Eff 7/1/23).
More nonprofits in Watertown
Explore more
Data for Taft School Corporation (EIN 06-0646921) 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.