Regents of the Mercersburg College
Also known as The Mercersburg Academy
Regents of the Mercersburg College reported $90.0 million in revenue and $55.2 million in expenses for the fiscal year ending June 30, 2025. Of every $100 it spent, $76.41 went to program services, $17.34 to management and general costs and $6.25 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 37.5% of the total. The highest compensation it reported for one person was $670,644 (HEAD OF SCHOOL). 26 people received more than $100,000 in reportable compensation. Revenue rose 96% 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 $55MFor 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 $90MThe 990 scorecard · same measures for every charity, no grades
| Measure | FY2025 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 76.4% | 84.4% |
| Management & general Part IX 25(C) ÷ 25(A) | 17.3% | 13.4% |
| Fundraising Part IX 25(D) ÷ 25(A) | 6.3% | 0.8% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.14 | $0.04 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 27.5% | 19.1% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 0.0% | 1.1% |
| Program service revenue share Part VIII 2g ÷ 12 | 37.5% | 69.9% |
| Highest reported compensation Part VII-A, columns D–F | $670,644 | $331,578 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 1.21% | 1.28% |
| People paid over $100,000 Part VII, line 2 | 26 | 8 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 128.5 | 13.3 |
| Independent voting board members Part VI 1a–1b | 24 of 25 | 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 college-preparatory school in south-central pennsylvania, the academy offers a rigorous academic program to approximately 445 boarding and day students in grades 9 through 12. In small classes, students and faculty work eye to eye and mind to mind, as they deepen their understanding of their subjectsand of themselves. Outside the classroom, students immerse themselves in theater, sports, music, competitions, and camaraderie. They develop deep friendships with students from next door and from across the world. They explore new concepts and push past their limits. Mercersburg is…
Summer programs:during the summer, mercersburg provides for a wide range of opportunities for learning, personal growth, and most importantly, fun. Each summer, participants take part in an array of programs, ranging from the adventure camp series to various enrichment, arts, and sports camps. During FY25, participation in mercersburg's summer programs was as follows:- adventure programs: 43 participants- sports camps: 341 participants- enrichment programs: 66 participants- arts programs: 27 participants
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 Director/trustee, officer, 70.00 hrs/week | $511,739 | $0 | $158,905 | $670,644 |
| CFO/COO Officer, 60.00 hrs/week | $294,066 | $0 | $104,229 | $398,295 |
| CHIEF ADVANCEMENT OFFICER Officer, 60.00 hrs/week | $235,576 | $0 | $50,042 | $285,618 |
| DIRECTOR OF INFORMATION TECH Highest compensated employee, 50.00 hrs/week | $158,147 | $0 | $124,921 | $283,068 |
| ASSOC HEAD OF SCHOOL FOR SCHOOL LIFE Officer, 60.00 hrs/week | $199,074 | $0 | $48,853 | $247,927 |
| ASSOC. HEAD OF SCHOOL Key employee, 60.00 hrs/week | $182,654 | $0 | $48,872 | $231,526 |
| DIR. OF FACILITIES (UNTIL 1/31/25) Key employee, 55.00 hrs/week | $192,247 | $0 | $36,868 | $229,115 |
| CHIEF DEVELOPMENT OFFICER Highest compensated employee, 50.00 hrs/week | $182,639 | $0 | $20,579 | $203,218 |
26 people received more than $100,000 in reportable compensation from Regents of the Mercersburg College (Part VII, line 2). Compensation of current officers, directors and key employees totaled $1.9M (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–1b25 · 24 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 5367
- Volunteers Part I, line 6430
Largest outside contractors
FY2025 · Form 990, Part VII, Section B · businesses only| MUSSER MECHANICAL Repair/replacement work for heating & ac | $1,493,748 |
| KEYSTONE SPORTS CONTRUCTION Basketball court installation | $557,505 |
| JM YOUNG & SONS INC Roof work | $508,490 |
| ATT SPORTS INC Track resurfacing | $193,855 |
Individuals listed as contractors are left out. 11 contractors were paid more than $100,000 in all.
Private foundation grants it received
5 private foundations reported grants to Regents of the Mercersburg College totaling $5.0M 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 Regents of the Mercersburg College's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Regents of the Mercersburg College, you can publish a response that is linked from this page.
Share or embed this breakdown
Of every $100 Regents of the Mercersburg College spent in FY2025, $76.41 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- Inspirenola Charter SchoolsNew Orleans, LA · revenue $90M · programs 93.7% · FY2025
- Reading and MathMinneapolis, MN · revenue $90M · programs 93.2% · FY2025
- Perkins School for the BlindWatertown, MA · revenue $90M · programs 77.2% · FY2025
- New England Conservatory of MusicBoston, MA · revenue $90M · programs 80.8% · FY2025
- Chaminade University of HonoluluHonolulu, HI · revenue $90M · programs 87.1% · FY2025
Questions people ask
How much of Regents of the Mercersburg College's spending goes to programs?
In the fiscal year ending June 30, 2025, Regents of the Mercersburg College reported that 76.4% of its $55.2 million in expenses went to program services, 17.3% to management and general and 6.3% to fundraising (Form 990, Part IX).
How much does Regents of the Mercersburg College pay its top executive?
The largest total compensation Regents of the Mercersburg College reported for one person in the fiscal year ending June 30, 2025 was $670,644, for the role of HEAD OF SCHOOL (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Regents of the Mercersburg College get its money?
Of $90.0 million in revenue in the fiscal year ending June 30, 2025, 27.5% came from contributions and grants and 37.5% from program service revenue (Form 990, Part VIII).
Is Regents of the Mercersburg College a registered charity?
The IRS lists EIN 23-1365963 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 (amended), object 202611049349301306 · read the filing · XML
- FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202500869349300815 · read the filing
- FY2023: Form 990 for the fiscal year ending June 30, 2023, object 202430789349300113 · read the filing
- FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202310329349300501 · read the filing
- FY2021: Form 990 for the fiscal year ending June 30, 2021, object 202221199349301417 · read the filing
- FY2020: Form 990 for the fiscal year ending June 30, 2020, object 202141059349300249 · read the filing
All filings for EIN 23-1365963: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.