Trustees of Thayer Academy

Also known as Thayer Academy

Braintree, MA · EIN 04-2105781 · 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

Trustees of Thayer Academy reported $56.9 million in revenue and $55.9 million in expenses for the fiscal year ending June 30, 2025. Of every $100 it spent, $83.14 went to program services, $12.80 to management and general costs and $4.06 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 86.0% of the total. The highest compensation it reported for one person was $863,455 (HEAD OF SCHOOL). 46 people received more than $100,000 in reportable compensation. Revenue rose 28% 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 $56M

Program services$83.14 $46M
Management & general$12.80 $7.2M
Fundraising$4.06 $2.3M

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 $57M

Contributions & grants (non-government)$9.09 $5.2M
Program service revenue$86.03 $49M
Investment income$2.63 $1.5M
Other revenue$2.25 $1.3M

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.
Measure	FY2025	Median
Program services Part IX 25(B) ÷ 25(A)	83.1%	84.4%
Management & general Part IX 25(C) ÷ 25(A)	12.8%	13.4%
Fundraising Part IX 25(D) ÷ 25(A)	4.1%	0.8%
Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h	$0.44	$0.04
Contributions & grants share of revenue Part VIII 1h ÷ 12	9.1%	19.1%
Government grants share of revenue Part VIII 1e ÷ 12	0.0%	1.1%
Program service revenue share Part VIII 2g ÷ 12	86.0%	69.9%
Highest reported compensation Part VII-A, columns D–F	$863,455	$331,578
Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A)	1.55%	1.28%
People paid over $100,000 Part VII, line 2	46	8
Net assets, in months of expenses Part X 33(B) ÷ monthly expenses	24.0	13.3
Independent voting board members Part VI 1a–1b	22 of 22	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 expense

$44M expenses · 95.1% of program spending · grants $10.0M · revenue $47M

College preparatory educational institution for grades 5 through 12. The academy had 727 students enrolled this year

$1.3M expenses · 2.7% of program spending · revenue $1.8M

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)

$1.0M expenses · 2.2% of program spending · revenue $936K

Auxiliary services provided for the convenience of students, faculty, and staff

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	$547,370	$0	$316,085	$863,455
DIRECTOR OF DEVELOPMENT Highest compensated employee, 40.00 hrs/week	$223,696	$0	$187,517	$411,213
ASSISTANT HEAD OF SCHOOL Highest compensated employee, 40.00 hrs/week	$175,877	$0	$176,719	$352,596
CFO & ASSISTANT TREASURER Officer, 40.00 hrs/week	$316,004	$0	$27,664	$343,668
CHIEF OF STRATEGIC MARKETING AND COMMUNICATIONS Highest compensated employee, 40.00 hrs/week	$197,804	$0	$48,442	$246,246
ATHLETICS DIRECTOR Highest compensated employee, 40.00 hrs/week	$178,542	$0	$57,348	$235,890
DIRECTOR OF ENROLLMENT MANAGEMENT Highest compensated employee, 40.00 hrs/week	$160,688	$0	$70,917	$231,605
CHIEF FINANCIAL OPERATING OFFICER Officer, 40.00 hrs/week	$135,086	$0	$13,365	$148,451

46 people received more than $100,000 in reportable compensation from Trustees of Thayer Academy (Part VII, line 2). Compensation of current officers, directors and key employees totaled $1.1M (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

Filing	Revenue	Expenses	Programs	Net assets	Top pay
FY2025 ⓘ	$57M	$56M	83.1%	$112M	$863,455
FY2024 ⓘ	$51M	$52M	82.6%	$106M	$766,068
FY2023 ⓘ	$47M	$48M	81.8%	$100M	$720,098
FY2022 ⓘ	$46M	$46M	84.0%	$95M	$418,604
FY2021 ⓘ	$74M	$42M	80.4%	$95M	$1,121,426
FY2020 ⓘ	$45M	$40M	82.2%	$79M	$1,071,916

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–1b22 · 22 independent
Audited financial statements Part XII 2bYes
Conflict-of-interest policy Part VI 12aYes
Whistleblower policy Part VI 13Yes
Document retention policy Part VI 14No
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 5479
Volunteers Part I, line 630

Largest outside contractors

FY2025 · Form 990, Part VII, Section B · businesses only

C & W FACILITY SERVICES INC Facilities maintenance	$2,083,753
CONSIGLI CONSTRUCTION CO INC Construction	$274,226
L C ANDERSON INC Hvac	$272,375
BOWDOIN CONSTRUCTION CORP Construction	$250,000
PAGE BUILDING CONSTRUCTION CORP Construction	$226,335

Individuals listed as contractors are left out. 17 contractors were paid more than $100,000 in all.

Private foundation grants it received

22 private foundations reported grants to Trustees of Thayer Academy totaling $115K 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 Thayer 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 Thayer Academy, you can publish a response that is linked from this page.

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Similar-sized charities in this cause

KIPP Chicago Schools
Chicago, IL · revenue $57M · programs 90.0% · FY2025
Uatx
Austin, TX · revenue $57M · programs 66.6% · FY2025
Shady Side Academy
Pittsburgh, PA · revenue $57M · programs 71.8% · FY2025
Lake Wales Charter Schools
Lake Wales, FL · revenue $57M · programs 81.9% · FY2025
New Mexico State Univ Fdn
Las Cruces, NM · revenue $57M · programs 64.0% · FY2025

All education charities · Largest charities in Massachusetts

Questions people ask

How much of Trustees of Thayer Academy's spending goes to programs?

In the fiscal year ending June 30, 2025, Trustees of Thayer Academy reported that 83.1% of its $55.9 million in expenses went to program services, 12.8% to management and general and 4.1% to fundraising (Form 990, Part IX).

How much does Trustees of Thayer Academy pay its top executive?

The largest total compensation Trustees of Thayer Academy reported for one person in the fiscal year ending June 30, 2025 was $863,455, for the role of HEAD OF SCHOOL (Form 990, Part VII, including compensation from related organizations and other compensation).

Where does Trustees of Thayer Academy get its money?

Of $56.9 million in revenue in the fiscal year ending June 30, 2025, 9.1% came from contributions and grants and 86.0% from program service revenue (Form 990, Part VIII).

Is Trustees of Thayer Academy a registered charity?

The IRS lists EIN 04-2105781 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 202611359349314421 · read the filing · XML
FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202541349349302464 · read the filing
FY2023: Form 990 for the fiscal year ending June 30, 2023, object 202411359349312956 · read the filing
FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202331349349300433 · read the filing
FY2021: Form 990 for the fiscal year ending June 30, 2021, object 202241369349305734 · read the filing
FY2020: Form 990 for the fiscal year ending June 30, 2020, object 202101349349307305 · read the filing

All filings for EIN 04-2105781: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.