Concord Academy
Concord Academy reported $47.6 million in revenue and $38.8 million in expenses for the fiscal year ending June 30, 2025. Of every $100 it spent, $81.31 went to program services, $15.13 to management and general costs and $3.56 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 64.0% of the total. The highest compensation it reported for one person was $657,893 (HEAD OF SCHOOL). 47 people received more than $100,000 in reportable compensation. Revenue rose 52% 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 $39MFor 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 $48MThe 990 scorecard · same measures for every charity, no grades
| Measure | FY2025 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 81.3% | 84.4% |
| Management & general Part IX 25(C) ÷ 25(A) | 15.1% | 13.4% |
| Fundraising Part IX 25(D) ÷ 25(A) | 3.6% | 0.8% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.20 | $0.04 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 14.5% | 19.1% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 0.0% | 1.1% |
| Program service revenue share Part VIII 2g ÷ 12 | 64.0% | 69.9% |
| Highest reported compensation Part VII-A, columns D–F | $657,893 | $331,578 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 1.69% | 1.28% |
| People paid over $100,000 Part VII, line 2 | 47 | 8 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 57.6 | 13.3 |
| Independent voting board members Part VI 1a–1b | 27 of 29 | 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 expenseHighest 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 Director/trustee, officer, 55.00 hrs/week | $468,361 | $0 | $189,532 | $657,893 |
| CHIEF FINANCIAL & OPERATING OFFICER Officer, 55.00 hrs/week | $302,540 | $0 | $80,866 | $383,406 |
| TEACHING, LEARNING & FACULTY Key employee, 55.00 hrs/week | $260,652 | $0 | $88,055 | $348,707 |
| CHIEF ADVANCEMENT OFFICER Key employee, 55.00 hrs/week | $204,986 | $0 | $62,086 | $267,072 |
| DIRECTOR OF OPERATIONS Highest compensated employee, 55.00 hrs/week | $177,885 | $0 | $79,501 | $257,386 |
| PLANNING, DESIGN & CONSTRUCTION Highest compensated employee, 55.00 hrs/week | $159,661 | $0 | $49,820 | $209,481 |
| HEAD FOR COMMUNITY ENGT. & BUS. DEV. Highest compensated employee, 55.00 hrs/week | $199,834 | $0 | $4,648 | $204,482 |
| CONTROLLER Highest compensated employee, 55.00 hrs/week | $163,691 | $0 | $13,051 | $176,742 |
47 people received more than $100,000 in reportable compensation from Concord Academy (Part VII, line 2). Compensation of current officers, directors and key employees totaled $1.6M (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–1b29 · 27 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 14bYes
- Employees Part I, line 5427
- Volunteers Part I, line 6323
Largest outside contractors
FY2025 · Form 990, Part VII, Section B · businesses only| WINDOVER CONSTRUCTION INC Construction services | $20,732,988 |
| SODEXO INC & AFFILIATES Food services | $2,189,895 |
| MJ CATALDO INC Construction services | $913,201 |
| OUNCE IT LLC It services | $632,227 |
Individuals listed as contractors are left out. 14 contractors were paid more than $100,000 in all.
Private foundation grants it received
38 private foundations reported grants to Concord Academy totaling $2.6M 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 Concord 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 Concord Academy, you can publish a response that is linked from this page.
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Of every $100 Concord Academy spent in FY2025, $81.31 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- Four Lakes EducationMcFarland, WI · revenue $48M · programs 80.4% · FY2025
- Western Reserve AcademyHudson, OH · revenue $48M · programs 80.3% · FY2025
- Durham AcademyDurham, NC · revenue $48M · programs 75.6% · FY2025
- Worcester City Campus CorporationWestborough, MA · revenue $48M · programs 97.3% · FY2025
- American Embassy SchoolWashington DC, DC · revenue $48M · programs 70.9% · FY2025
All education charities · Largest charities in Massachusetts
Questions people ask
How much of Concord Academy's spending goes to programs?
In the fiscal year ending June 30, 2025, Concord Academy reported that 81.3% of its $38.8 million in expenses went to program services, 15.1% to management and general and 3.6% to fundraising (Form 990, Part IX).
How much does Concord Academy pay its top executive?
The largest total compensation Concord Academy reported for one person in the fiscal year ending June 30, 2025 was $657,893, for the role of HEAD OF SCHOOL (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Concord Academy get its money?
Of $47.6 million in revenue in the fiscal year ending June 30, 2025, 14.5% came from contributions and grants and 64.0% from program service revenue (Form 990, Part VIII).
Is Concord Academy a registered charity?
The IRS lists EIN 04-1200600 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 202610979349301626 · read the filing · XML
- FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202520989349301017 · read the filing
- FY2023: Form 990 for the fiscal year ending June 30, 2023, object 202401159349301625 · read the filing
- FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202331099349300738 · read the filing
- FY2021: Form 990 for the fiscal year ending June 30, 2021, object 202221049349301457 · read the filing
- FY2020: Form 990 for the fiscal year ending June 30, 2020, object 202121269349302272 · read the filing
All filings for EIN 04-1200600: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.