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Choate Rosemary Hall Foundation

Also known as Choate Rosemary Hall

Wallingford, CT · EIN 06-0910420 · 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

Choate Rosemary Hall Foundation reported $99.3 million in revenue and $105.2 million in expenses for the fiscal year ending June 30, 2025. Of every $100 it spent, $86.30 went to program services, $8.39 to management and general costs and $5.31 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 65.5% of the total. The highest compensation it reported for one person was $1,078,000 (HEAD OF SCHOOL). 42 people received more than $100,000 in reportable compensation. Revenue fell 5% 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 $105M

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 $99M

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)
86.3%84.4%
Management & general
Part IX 25(C) ÷ 25(A)
8.4%13.4%
Fundraising
Part IX 25(D) ÷ 25(A)
5.3%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
31.4%19.1%
Government grants share of revenue
Part VIII 1e ÷ 12
0.0%1.1%
Program service revenue share
Part VIII 2g ÷ 12
65.5%69.9%
Highest reported compensation
Part VII-A, columns D–F
$1,078,000$331,578
Highest compensation as share of expenses
Part VII-A ÷ Part IX 25(A)
1.02%1.28%
People paid over $100,000
Part VII, line 2
428
Net assets, in months of expenses
Part X 33(B) ÷ monthly expenses
94.913.3
Independent voting board members
Part VI 1a–1b
20 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
$35M expenses · 38.6% of program spending · revenue $65M

The school educates (academically, residentially and athletically) approximately 850 students through the efforts of dedicated faculty and staff

$24M expenses · 26.7% of program spending

The school maintains about 1.4 million square feet of residential, academic and athletic space for a community of over 1,000 members. The majority of this expense reflects the depreciation on the school property, plant and equipment, which has a current accounting value of $207.9 million

$16M expenses · 17.1% of program spending · grants $16M

The school discounts tuition in the form of financial aid at an approximate rate of 27.09% in an effort to recruit and retain the most talented student body. The school recognizes that a diverse student body betters the overall experience for all involved, and that while not everyone can contribute financially in terms of tuition, everyone has something to offer the Choate Rosemary Hall community

$16M all other programs (line 4d)

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
Director/trustee, officer, 60.00 hrs/week
$851,161$0$226,839$1,078,000
CHIEF FINANCIAL OFFICER
Officer, 60.00 hrs/week
$343,794$0$108,417$452,211
CHIEF DEVELOPMENT OFFICER
Highest compensated employee, 60.00 hrs/week
$339,573$0$77,557$417,130
HEAD OF STUDENT AND ACADEM
Highest compensated employee, 60.00 hrs/week
$294,693$0$100,542$395,235
DIRECTOR OF ANNUAL GIVING
Highest compensated employee, 40.00 hrs/week
$227,959$0$42,307$270,266
DEAN OF FACULTY
Highest compensated employee, 60.00 hrs/week
$206,072$0$57,250$263,322
CHIEF ENROLLMENT OFFICER
Highest compensated employee, 60.00 hrs/week
$188,303$0$69,621$257,924

42 people received more than $100,000 in reportable compensation from Choate Rosemary Hall Foundation (Part VII, line 2). Compensation of current officers, directors and key employees totaled $1.5M (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$50M$100M$150M$200MFY2020FY2021FY2022FY2023FY2024FY2025$99M$105M
FilingRevenueExpensesProgramsNet assetsTop pay
FY2025 ⓘ$99M$105M86.3%$832M$1,078,000
FY2024 ⓘ$105M$100M86.1%$767M$967,729
FY2023 ⓘ$88M$92M87.6%$711M$844,595
FY2022 ⓘ$102M$87M87.8%$690M$845,352
FY2021 ⓘ$81M$84M83.5%$736M$723,393
FY2020 ⓘ$104M$89M81.1%$642M$706,926

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 · 20 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 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 5617
  • Volunteers Part I, line 6578

Largest outside contractors

FY2025 · Form 990, Part VII, Section B · businesses only
KBE BUILDING CORP
Construction
$13,834,793
BABBIDGE CONSTRUCTION INC
Construction
$5,427,936
SAGE DINING SERVICES INC
Food service
$2,788,669
ABM JANITORIAL SERVICES NEAST INC
Campus janitorial services
$2,375,024
SC SCHRODER & ASSOCIATES LLC
Construction
$1,326,294

Individuals listed as contractors are left out. 49 contractors were paid more than $100,000 in all.

Private foundation grants it received

29 private foundations reported grants to Choate Rosemary Hall Foundation totaling $647K 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 Choate Rosemary Hall Foundation's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Choate Rosemary Hall Foundation, you can publish a response that is linked from this page.

Similar-sized charities in this cause

All education charities · Largest charities in Connecticut

Questions people ask

How much of Choate Rosemary Hall Foundation's spending goes to programs?

In the fiscal year ending June 30, 2025, Choate Rosemary Hall Foundation reported that 86.3% of its $105.2 million in expenses went to program services, 8.4% to management and general and 5.3% to fundraising (Form 990, Part IX).

How much does Choate Rosemary Hall Foundation pay its top executive?

The largest total compensation Choate Rosemary Hall Foundation reported for one person in the fiscal year ending June 30, 2025 was $1,078,000, for the role of HEAD OF SCHOOL (Form 990, Part VII, including compensation from related organizations and other compensation).

Where does Choate Rosemary Hall Foundation get its money?

Of $99.3 million in revenue in the fiscal year ending June 30, 2025, 31.4% came from contributions and grants and 65.5% from program service revenue (Form 990, Part VIII).

Is Choate Rosemary Hall Foundation a registered charity?

The IRS lists EIN 06-0910420 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 202601359349309410 · read the filing · XML
  • FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202511339349302241 · read the filing
  • FY2023: Form 990 for the fiscal year ending June 30, 2023, object 202441369349311269 · read the filing
  • FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202311329349307421 · read the filing
  • FY2021: Form 990 for the fiscal year ending June 30, 2021, object 202221369349303342 · read the filing
  • FY2020: Form 990 for the fiscal year ending June 30, 2020, object 202131329349301653 · read the filing

All filings for EIN 06-0910420: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.