Trustees of Deerfield Academy
Trustees of Deerfield Academy reported $151.7 million in revenue and $99.3 million in expenses for the fiscal year ending June 30, 2025. Of every $100 it spent, $77.08 went to program services, $14.08 to management and general costs and $8.84 to fundraising. Its largest source of revenue was contributions and grants: 52.1% of the total. The highest compensation it reported for one person was $1,236,393 (HEAD OF SCHOOL/TRUSTEE). 40 people received more than $100,000 in reportable compensation. Revenue rose 74% 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 $99MFor 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 $152MThe 990 scorecard · same measures for every charity, no grades
| Measure | FY2025 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 77.1% | 84.4% |
| Management & general Part IX 25(C) ÷ 25(A) | 14.1% | 13.4% |
| Fundraising Part IX 25(D) ÷ 25(A) | 8.8% | 0.8% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.11 | $0.04 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 52.1% | 19.1% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 0.0% | 1.1% |
| Program service revenue share Part VIII 2g ÷ 12 | 32.4% | 69.9% |
| Highest reported compensation Part VII-A, columns D–F | $1,236,393 | $331,578 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 1.25% | 1.28% |
| People paid over $100,000 Part VII, line 2 | 40 | 8 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 164.4 | 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 expenseDuring the 2024-2025 academic year, 581 boarding and 73 day students were enrolled at Deerfield Academy. Our programs of secondary education (grades 9-12) include the development of our students' academic and scholarship skills, citizenship and character. Community service, athletic programs and extra-curricular activities are integrated as a part of the school's longstanding intellectual and moral tradition
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/TRUSTEE Director/trustee, officer, 60.00 hrs/week | $1,008,711 | $0 | $227,682 | $1,236,393 |
| CHIEF ADVANCEMENT OFFICER Key employee, 60.00 hrs/week | $411,182 | $0 | $93,704 | $504,886 |
| CFO Officer, 60.00 hrs/week | $341,241 | $0 | $82,757 | $423,998 |
| DIRECTOR OF OPERATIONS Highest compensated employee, 60.00 hrs/week | $197,390 | $0 | $149,158 | $346,548 |
| DIR OF MEDICAL SERVICES Highest compensated employee, 60.00 hrs/week | $213,352 | $0 | $91,312 | $304,664 |
| DIR OF INTL. ADVANCEMENT Highest compensated employee, 60.00 hrs/week | $235,981 | $0 | $42,451 | $278,432 |
| ASSOC HOS FOR STUDENT Highest compensated employee, 60.00 hrs/week | $212,165 | $0 | $60,160 | $272,325 |
| DEAN OF ADMISSION Highest compensated employee, 60.00 hrs/week | $203,921 | $0 | $53,448 | $257,369 |
40 people received more than $100,000 in reportable compensation from Trustees of Deerfield Academy (Part VII, line 2). Compensation of current officers, directors and key employees totaled $2.4M (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 18Yes
- Over $10,000 of activity outside the U.S. Part IV 14bYes
- Employees Part I, line 5713
- Volunteers Part I, line 6440
Largest outside contractors
FY2025 · Form 990, Part VII, Section B · businesses only| FONTAINE BROS INC Construction services | $37,171,538 |
| MCGRATH RENTCORP Lease services | $3,307,156 |
| ARC Construction services | $2,606,041 |
| RAD CORP Turf repair | $556,966 |
Individuals listed as contractors are left out. 29 contractors were paid more than $100,000 in all.
Private foundation grants it received
109 private foundations reported grants to Trustees of Deerfield 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 Trustees of Deerfield 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 Trustees of Deerfield Academy, you can publish a response that is linked from this page.
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Of every $100 Trustees of Deerfield Academy spent in FY2025, $77.08 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- St Catherine UniversitySt Paul, MN · revenue $152M · programs 85.6% · FY2025
- Pensacola Christian CollegePensacola, FL · revenue $152M · programs 79.8% · FY2025
- Gustavus Adolphus CollegeSaint Peter, MN · revenue $151M · programs 93.5% · FY2025
- West Virginia University FoundationMorgantown, WV · revenue $152M · programs 83.1% · FY2025
- Hawaii Pacific UniversityHonolulu, HI · revenue $151M · programs 71.8% · FY2025
All education charities · Largest charities in Massachusetts
Questions people ask
How much of Trustees of Deerfield Academy's spending goes to programs?
In the fiscal year ending June 30, 2025, Trustees of Deerfield Academy reported that 77.1% of its $99.3 million in expenses went to program services, 14.1% to management and general and 8.8% to fundraising (Form 990, Part IX).
How much does Trustees of Deerfield Academy pay its top executive?
The largest total compensation Trustees of Deerfield Academy reported for one person in the fiscal year ending June 30, 2025 was $1,236,393, for the role of HEAD OF SCHOOL/TRUSTEE (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Trustees of Deerfield Academy get its money?
Of $151.7 million in revenue in the fiscal year ending June 30, 2025, 52.1% came from contributions and grants and 32.4% from program service revenue (Form 990, Part VIII).
Is Trustees of Deerfield Academy a registered charity?
The IRS lists EIN 04-2103563 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 202611139349300531 · read the filing · XML
- FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202531329349303558 · read the filing
- FY2023: Form 990 for the fiscal year ending June 30, 2023, object 202441109349301854 · read the filing
- FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202301299349305000 · read the filing
- FY2021: Form 990 for the fiscal year ending June 30, 2021, object 202221319349304017 · read the filing
- FY2020: Form 990 for the fiscal year ending June 30, 2020, object 202131339349305228 · read the filing
All filings for EIN 04-2103563: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.