Trustees of Thayer Academy
83% goes to programs $49 to raise $100 Strong reserves Declining revenue
Trustees of Thayer Academy is a 501(c)(3) organization based in Braintree, Massachusetts, registered in 1933, with $50,916,516 in FY2023 revenue. CharityIndex grades it B+, and it directs about 83% of spending to programs.
745 Washington St, Braintree, MA, 02184 EIN 04-2105781 Since 1933
Revenue (FY2023)
$50.9M
▲ 8.2% vs prior year
Education median: $200K
Expenses (FY2023)
$51.8M
Net assets
$105.7M
Employees
472
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B+
C+Program efficiency40% of the rating83% to programs · $49 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 Trustees of Thayer Academy: 83% to programs · $49 to raise $100 earns a C+ on this criterion. See the exact thresholds →
AFinancial health25% of the rating25 mo reserves · -2% 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 Trustees of Thayer Academy: 25 mo reserves · -2% margin earns a A on this criterion. See the exact thresholds →
AGovernance25% of the rating5 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 Trustees of Thayer Academy: 5 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 Trustees of Thayer Academy: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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A live seal — it updates automatically when the grade changes and links donors to this verified profile.
Mission
College preparatory educational institution for grades 5 through 12.
What they do
Summer programs offered to all students to further enhance the school's mission on a broader front (ie arts, crafts, sports, and other specialized programs).
Auxiliary services provided for the convenience of students, faculty, and staff.
Contact & location
- Address
- 745 Washington St, Braintree, MA, 02184
- City
- Braintree
- State
- Massachusetts
- Category
- Education
- Subcategory
- Elementary & Secondary Schools
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $35.5M (FY2013) to $50.9M (FY2023) across 10 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $76.4MNet assets $105.7M
Operating margin
-1.7%
Spent more than it raised in the latest fiscal year.
Total assets
$182.1M
Total liabilities
$76.4M
Net assets
$105.7M
Salaries & benefits
$25.7M
50% of expenses
Board members
19
19 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $50,916,516▲8.2% | $51,765,467▲7.5% | $105,724,906▲6.0% | $182,139,533▲2.3% | 990 |
| 2022 | $47,064,979▲1.3% | $48,156,350▲5.6% | $99,763,816▲5.5% | $178,053,491▲6.4% | 990 |
| 2021 | $46,445,748▼37.3% | $45,604,076▲7.4% | $94,604,059▼0.9% | $167,302,971▲3.6% | 990 |
| 2020 | $74,068,471▲66.4% | $42,443,554▲5.6% | $95,464,828▲20.5% | $161,523,903▲25.0% | 990 |
| 2019 | $44,503,308▲2.9% | $40,175,787▼0.6% | $79,204,618▲0.3% | $129,204,584▲3.3% | 990 |
| 2018 | $43,253,558▲10.9% | $40,435,272▲2.9% | $78,973,631▲4.8% | $125,094,289▲6.9% | 990 |
| 2017 | $38,995,814▲5.0% | $39,278,032▲4.0% | $75,340,634▲4.2% | $117,061,678▲2.9% | 990 |
| 2016 | $37,138,205▲6.1% | $37,750,508▲11.5% | $72,311,689▲1.3% | $113,813,499▲0.6% | 990 |
| 2014 | $35,006,197▼1.5% | $33,850,736▲5.0% | $71,396,928 | $113,180,089▲1.6% | 990 |
| 2013 | $35,537,912 | $32,225,174▲5.8% | $71,391,178▲8.2% | $111,390,961▲4.8% | 990 |
| 2012 | — | $30,453,821▲3.9% | $65,972,378▲11.1% | $106,306,575▲3.1% | 990 |
| 2011 | — | $29,303,162▲2.6% | $59,367,044▼3.7% | $103,104,737▼0.1% | 990 |
| 2010 | — | $28,553,320▲4.8% | $61,656,624▲11.0% | $103,240,355▲6.1% | 990 |
| 2009 | — | $27,252,527 | $55,534,910 | $97,339,439 | 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: Christopher Fortunato — $507,344 (0.98% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Christopher Fortunato | Head of School | 40 | $507,344 |
| Julaine Mcinnis | Cfo & Assistant Treasurer | 40 | $265,744 |
| Melissa L Forger | Director of Development | 40 | $216,300 |
| Alison Terry | Chief of Strategic Marketing and Communications | 40 | $203,085 |
| Roberta Moran | Athletics Director | 40 | $166,549 |
| Jed Wartman | Assistant Head of School | 40 | $161,758 |
| Christopher Sullivan | Trustee | 2 | — |
| Danya Abrams | Trustee | 2 | — |
| Donovan Brown | Trustee | 2 | — |
| Elaine Deluca | Trustee | 2 | — |
| Gregory Lally | Trustee | 2 | — |
| Guy Daniello | Trustee | 2 | — |
| James Coughlin | Chair | 2 | — |
| James Dowden | Trustee | 2 | — |
| Jeanine Murphy | Trustee | 2 | — |
| Jennifer Havlicek | Trustee | 2 | — |
| Joseph Farmer | Trustee | 2 | — |
| Leigh King | Secretary | 2 | — |
| Michael Curry | Trustee | 2 | — |
| Michael Joe | Vice Chair | 2 | — |
Top vendors & contractors (FY2023)
| Contractor | Services | Paid |
|---|---|---|
| C & W Facility Services Inc | Facilities Maintenance | $1,696,637 |
| Bowdoin Construction Corp | Construction | $1,445,087 |
| Page Building Construction Corp | Construction | $1,138,504 |
| Nelm Corp | Construction | $849,547 |
| Lawless Restoration and Waterproofing L | Construction | $519,865 |
Grants received · $5.7M total
55 grants to Trustees of Thayer Academy totaling $5.7M, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| American Endowment Foundation | Educational | 2024 | $101,000 |
| Gs Donor Advised Philanthropy Fund For Wealth Management Inc | Education | 2024 | $24,844 |
| American Online Giving Foundation Inc | General support | 2024 | $15,984 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2023 | $361,079 |
| Donor Advised Charitable Giving | Education | 2023 | $195,980 |
| American Endowment Foundation | Educational | 2023 | $101,000 |
| Vanguard Charitable Endowment Program | For recipient's exempt purpose | 2023 | $26,000 |
| American Online Giving Foundation Inc | General support | 2023 | $21,976 |
| Ayco Charitable Foundation | Education | 2023 | $5,150 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2022 | $462,248 |
| Donor Advised Charitable Giving | Education | 2022 | $197,730 |
| American Endowment Foundation | Educational | 2022 | $126,000 |
| Vanguard Charitable Endowment Program | For recipient's exempt purpose | 2022 | $56,769 |
| American Online Giving Foundation Inc | General support | 2022 | $22,821 |
| National Philanthropic Tr | Education | 2022 | $13,500 |
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Frequently asked questions
- Is Trustees of Thayer Academy a legitimate nonprofit?
- Yes. Trustees of Thayer Academy is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 04-2105781, based in Braintree, Massachusetts. Donations are tax-deductible.
- What is Trustees of Thayer Academy's EIN?
- Trustees of Thayer Academy's Employer Identification Number (EIN) is 04-2105781.
- How much revenue does Trustees of Thayer Academy report?
- Trustees of Thayer Academy reported $50,916,516 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- How much of Trustees of Thayer Academy's spending goes to programs?
- Trustees of Thayer Academy spends about 83% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Trustees of Thayer Academy have?
- CharityIndex grades Trustees of Thayer Academy B+, based on program efficiency and fundraising cost.
- How much does Trustees of Thayer Academy's highest-paid employee make?
- The highest reported compensation on Trustees of Thayer Academy's latest Form 990 is $507,344, paid to Christopher Fortunato (Head of School).
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Data for Trustees of Thayer Academy (EIN 04-2105781) 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.