Cardigan Mountain School
Cardigan Mountain School reported $37.1 million in revenue and $24.7 million in expenses for the fiscal year ending June 30, 2025. Of every $100 it spent, $70.64 went to program services, $22.46 to management and general costs and $6.90 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 55.4% of the total. The highest compensation it reported for one person was $481,042 (HEAD OF SCHOOL). 7 people received more than $100,000 in reportable compensation. Revenue rose 75% 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 $25MFor 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 $37M- Contributions & grants (non-government)$26.14 $9.7M
- Program service revenue$55.37 $21M
- Investment income$18.49 $6.9M
Other revenue was negative: −$20,598. The bar shows the positive sources only.
The 990 scorecard · same measures for every charity, no grades
| Measure | FY2025 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 70.6% | 84.4% |
| Management & general Part IX 25(C) ÷ 25(A) | 22.5% | 13.4% |
| Fundraising Part IX 25(D) ÷ 25(A) | 6.9% | 0.8% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.18 | $0.04 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 26.2% | 19.1% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 0.0% | 1.1% |
| Program service revenue share Part VIII 2g ÷ 12 | 55.4% | 69.9% |
| Highest reported compensation Part VII-A, columns D–F | $481,042 | $331,578 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 1.94% | 1.28% |
| People paid over $100,000 Part VII, line 2 | 7 | 8 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 40.8 | 13.3 |
| Independent voting board members Part VI 1a–1b | 31 of 32 | 100.0% |
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 expenseAn independent middle school for boys in grades six through nine offering a strong academic and athletic program. There were 239 students in this program during the fiscal year
A summer session for boys and girls in grades three through nine offering recreational and educational experiences. In addition, the Cardigan Mountain School offers the core program that seeks to instill in boys and girls a lifelong passion for the outdoors while developing the necessary skills to fully pursue this passion for a lifetime
Highest reported compensation
FY2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| HEAD OF SCHOOL Officer, 40.00 hrs/week | $404,240 | $0 | $76,802 | $481,042 |
| DIRECTOR OF DEVELOPMENT Highest compensated employee, 40.00 hrs/week | $149,984 | $0 | $37,980 | $187,964 |
| CFO Officer, 40.00 hrs/week | $154,839 | $0 | $26,878 | $181,717 |
| DEAN OF FACULTY, ASST HEAD Highest compensated employee, 40.00 hrs/week | $135,417 | $0 | $45,918 | $181,335 |
| DIRECTOR OF ADMISSIONS Highest compensated employee, 40.00 hrs/week | $128,836 | $0 | $30,218 | $159,054 |
| DIRECTOR OF PLANNED GIFTS Highest compensated employee, 40.00 hrs/week | $133,420 | $0 | $22,466 | $155,886 |
| ASST TO THE HOS FOR ADMIN Highest compensated employee, 40.00 hrs/week | $123,419 | $0 | $27,047 | $150,466 |
7 people received more than $100,000 in reportable compensation from Cardigan Mountain School (Part VII, line 2). Compensation of current officers, directors and key employees totaled $665K (Part IX, line 5).
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance 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–1b32 · 31 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 11aNo
- Family or business ties among insiders Part VI 2No
- 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 14bNo
- Employees Part I, line 5193
- Volunteers Part I, line 632
Largest outside contractors
FY2025 · Form 990, Part VII, Section B · businesses only| FLIKCOMPASS GROUP Outsourced food service provider | $1,260,855 |
| L&M SERVICE CONTRACTOR LLC Construction services | $550,000 |
| NORTHCENTER FOODS Food service provider | $283,513 |
| E & R LAUNDRY Laundry services | $194,352 |
Individuals listed as contractors are left out. 4 contractors were paid more than $100,000 in all.
Private foundation grants it received
18 private foundations reported grants to Cardigan Mountain School totaling $1.4M 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 Cardigan Mountain School's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Cardigan Mountain School, you can publish a response that is linked from this page.
Share or embed this breakdown
Of every $100 Cardigan Mountain School spent in FY2025, $70.64 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- Davis & Elkins CollegeElkins, WV · revenue $37M · programs 87.7% · FY2025
- Amethod Public SchoolsRichmond, CA · revenue $37M · programs 88.4% · FY2025
- St Michaels University School SocietyCanada, · revenue $37M · programs 80.2% · FY2023
- Friends of Children of MississippiFlowood, MS · revenue $37M · programs 94.6% · FY2024
- Keck Graduate Institute of Applied Life SciencesClaremont, CA · revenue $37M · programs 64.9% · FY2025
All education charities · Largest charities in New Hampshire
Questions people ask
How much of Cardigan Mountain School's spending goes to programs?
In the fiscal year ending June 30, 2025, Cardigan Mountain School reported that 70.6% of its $24.7 million in expenses went to program services, 22.5% to management and general and 6.9% to fundraising (Form 990, Part IX).
How much does Cardigan Mountain School pay its top executive?
The largest total compensation Cardigan Mountain School reported for one person in the fiscal year ending June 30, 2025 was $481,042, for the role of HEAD OF SCHOOL (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Cardigan Mountain School get its money?
Of $37.1 million in revenue in the fiscal year ending June 30, 2025, 26.2% came from contributions and grants and 55.4% from program service revenue (Form 990, Part VIII).
Is Cardigan Mountain School a registered charity?
The IRS lists EIN 02-0223580 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 202641219349300624 · read the filing
- FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202540449349301424 · read the filing
- FY2023: Form 990 for the fiscal year ending June 30, 2023, object 202420519349300332 · read the filing
- FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202310379349301306 · read the filing
- FY2021: Form 990 for the fiscal year ending June 30, 2021, object 202240389349300639 · read the filing
- FY2020: Form 990 for the fiscal year ending June 30, 2020, object 202120329349300517 · read the filing
All filings for EIN 02-0223580: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.