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Brewster Academy

Wolfeboro, NH · EIN 02-0223317 · 501(c)(3) · School
Latest filing: Form 990 for the fiscal year ending June 30, 2025 (tax year 2024) · View the filing · Correct or respond

Brewster Academy reported $35.9 million in revenue and $30.7 million in expenses for the fiscal year ending June 30, 2025. Of every $100 it spent, $84.03 went to program services, $12.76 to management and general costs and $3.21 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 76.4% of the total. The highest compensation it reported for one person was $582,362 (Head of School). 10 people received more than $100,000 in reportable compensation. Revenue rose 21% between FY2020 and FY2025. Source: Form 990, FY2025.

Where $100 of spending went

The fiscal year ending June 30, 2025 · Form 990, Part IX, line 25 · total expenses $31M

For context, the median across 5,499 covered education charities: $85.56 programs, $13.59 management, $0.85 fundraising (medians computed separately, so they may not sum to $100).

Where $100 of revenue came from

The fiscal year ending June 30, 2025 · Form 990, Part VIII · total revenue $36M

The 990 scorecard · same measures for every charity, no grades

FY2025 filing. Median across 5,499 covered charities in this category, from their latest filings.
MeasureFY2025Median
Program services
Part IX 25(B) ÷ 25(A)
84.0%84.4%
Management & general
Part IX 25(C) ÷ 25(A)
12.8%13.4%
Fundraising
Part IX 25(D) ÷ 25(A)
3.2%0.8%
Fundraising cost per $1 of contributions
Part IX 25(D) ÷ Part VIII 1h
$0.14$0.04
Contributions & grants share of revenue
Part VIII 1h ÷ 12
19.6%19.1%
Government grants share of revenue
Part VIII 1e ÷ 12
4.0%1.1%
Program service revenue share
Part VIII 2g ÷ 12
76.4%69.9%
Highest reported compensation
Part VII-A, columns D–F
$582,362$331,578
Highest compensation as share of expenses
Part VII-A ÷ Part IX 25(A)
1.90%1.28%
People paid over $100,000
Part VII, line 2
108
Net assets, in months of expenses
Part X 33(B) ÷ monthly expenses
30.013.3
Independent voting board members
Part VI 1a–1b
21 of 21100.0%

A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.

What the money paid for, in its own words

FY2025 · Form 990, Part III · the three largest programs by expense
$25M expenses · 98.7% of program spending · grants $7.2M · revenue $26M

Brewster Academy is a private high school that enrolls both boarding and day students. In addition to a broad educational curriculum, the school provides an extensive athletic program. The Brewster program is designed to meet students at their current level of performance and accelerate them in their mastery of skills and knowledge, ensuring that graduates are prepared for the challenges of college and careers and the skills needed for success in the 21st century.Brewster Academy strives to provide an approach to learning that has the exponential power to transform education, communities, and…

$327K expenses · 1.3% of program spending · revenue $1.1M

The Summer Program featured educational programs and conferences during the summer recess, including Royal Thai Scholars and ADIA

Highest reported compensation

FY2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here
RoleFrom this orgFrom related orgsOtherTotal
Head of School
Officer, 60.00 hrs/week
$480,067$0$102,295$582,362
President
Officer, 5.00 hrs/week
$317,172$0$141,754$458,926
Chief Tech. & Operations Officer
Highest compensated employee, 50.00 hrs/week
$194,197$0$49,731$243,928
Chief Financial Officer
Officer, 60.00 hrs/week
$198,556$0$26,897$225,453
Director of Enrollment Management
Highest compensated employee, 50.00 hrs/week
$153,042$0$40,520$193,562
Director of Advancement
Highest compensated employee, 50.00 hrs/week
$112,901$0$66,027$178,928
Asst. Head of School - Campus Life
Highest compensated employee, 50.00 hrs/week
$155,414$0$10,879$166,293
Director of Finance/Financial Aid
Highest compensated employee, 50.00 hrs/week
$123,554$0$11,324$134,878

10 people received more than $100,000 in reportable compensation from Brewster Academy (Part VII, line 2). Compensation of current officers, directors and key employees totaled $1.3M (Part IX, line 5).

6 years of filings

Form 990, Parts I, VII, IX and X · each row is that year's own filing, linked
RevenueExpenses
$0$10M$20M$30M$40MFY2020FY2021FY2022FY2023FY2024FY2025$36M$31M
FilingRevenueExpensesProgramsNet assetsTop pay
FY2025 ⓘ$36M$31M84.0%$77M$582,362
FY2024 ⓘ$31M$30M83.9%$69M$566,094
FY2023 ⓘ$34M$29M82.7%$65M$884,085
FY2022 ⓘ$33M$28M81.7%$58M$533,137
FY2021 ⓘ$32M$26M80.4%$57M$723,346
FY2020 ⓘ$30M$26M82.4%$46M$634,989

Governance answers, as filed

FY2025 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means
  • Voting board members, and how many are independent Part VI, lines 1a–1b21 · 21 independent
  • Audited financial statements Part XII 2bYes
  • Conflict-of-interest policy Part VI 12aYes
  • Whistleblower policy Part VI 13Yes
  • Document retention policy Part VI 14Yes
  • Independent process for top executive pay Part VI 15aYes
  • Board given the 990 before filing Part VI 11aYes
  • Family or business ties among insiders Part VI 2Yes
  • Aware of a significant diversion of assets Part VI 5No
  • Excess benefit transaction with an insider Part IV 25aNo
  • Loans to or from insiders outstanding Part IV 26No
  • Lobbying, or a 501(h) election in effect Part IV 4No
  • Over $15,000 of professional fundraising services Part IV 18No
  • Over $10,000 of activity outside the U.S. Part IV 14bYes
  • Employees Part I, line 5241
  • Volunteers Part I, line 621

Largest outside contractors

FY2025 · Form 990, Part VII, Section B · businesses only
Ramp Business Corporation
Credit Card Services
$1,262,120
Harvey Construction Company
General Contractor
$879,860
Lakes Region Property Care LLC
Landscaping Services
$116,511
Dewing Schmid Kearns Architects & Planne
Architecture & Design Services
$116,413
CR Development
General Contractor
$112,965

Individuals listed as contractors are left out. 10 contractors were paid more than $100,000 in all.

Private foundation grants it received

16 private foundations reported grants to Brewster Academy totaling $1.8M on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.

Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.

Correct a figure or respond

Every number above is copied from Brewster Academy's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Brewster Academy, you can publish a response that is linked from this page.

Similar-sized charities in this cause

All education charities · Largest charities in New Hampshire

Questions people ask

How much of Brewster Academy's spending goes to programs?

In the fiscal year ending June 30, 2025, Brewster Academy reported that 84.0% of its $30.7 million in expenses went to program services, 12.8% to management and general and 3.2% to fundraising (Form 990, Part IX).

How much does Brewster Academy pay its top executive?

The largest total compensation Brewster Academy reported for one person in the fiscal year ending June 30, 2025 was $582,362, for the role of Head of School (Form 990, Part VII, including compensation from related organizations and other compensation).

Where does Brewster Academy get its money?

Of $35.9 million in revenue in the fiscal year ending June 30, 2025, 19.6% came from contributions and grants (including 4.0% from government grants) and 76.4% from program service revenue (Form 990, Part VIII).

Is Brewster Academy a registered charity?

The IRS lists EIN 02-0223317 as a 501(c)(3) organization (school), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.

Sources

  • FY2025: Form 990 for the fiscal year ending June 30, 2025, object 202630449349300948 · read the filing · XML
  • FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202521229349301772 · read the filing
  • FY2023: Form 990 for the fiscal year ending June 30, 2023, object 202323189349312547 · read the filing
  • FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202243139349304049 · read the filing
  • FY2021: Form 990 for the fiscal year ending June 30, 2021, object 202123199349309762 · read the filing
  • FY2020: Form 990 for the fiscal year ending June 30, 2020, object 202130119349300303 · read the filing

All filings for EIN 02-0223317: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.