Fredericksburg Academy
Fredericksburg Academy reported $13.1 million in revenue and $12.1 million in expenses for the fiscal year ending June 30, 2025. Of every $100 it spent, $92.87 went to program services, $6.85 to management and general costs and $0.28 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 94.3% of the total. The highest compensation it reported for one person was $198,601 (HEAD OF SCHOOL). 3 people received more than $100,000 in reportable compensation. Revenue rose 33% 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 $12MFor 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 $13MThe 990 scorecard · same measures for every charity, no grades
| Measure | FY2025 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 92.9% | 84.4% |
| Management & general Part IX 25(C) ÷ 25(A) | 6.8% | 13.4% |
| Fundraising Part IX 25(D) ÷ 25(A) | 0.3% | 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 | 2.3% | 19.1% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 0.0% | 1.1% |
| Program service revenue share Part VIII 2g ÷ 12 | 94.3% | 69.9% |
| Highest reported compensation Part VII-A, columns D–F | $198,601 | $331,578 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 1.65% | 1.28% |
| People paid over $100,000 Part VII, line 2 | 3 | 8 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 10.4 | 13.3 |
| Independent voting board members Part VI 1a–1b | 16 of 17 | 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 expenseThe school has three divisions: lower school, which includes the early childhood program through fifth grade; middle school, grades six through eight; upper school, grades nine through twelve. Lower school accomplishments include cross-grade-level connections and mentorship opportunities, foreign language instruction for all students, character education, multiple opportunities to speak publicly and perform on stage, the introduction of a digital portfolio, an ipad program, and extracurricular opportunities such as junior master gardeners, international club, and running club. Middle school…
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, 60.00 hrs/week | $177,500 | $0 | $21,101 | $198,601 |
| HEAD OF LOWER SCHOOL Highest compensated employee, 50.00 hrs/week | $102,395 | $0 | $15,844 | $118,239 |
| HEAD OF UPPER SCHOOL Highest compensated employee, 50.00 hrs/week | $104,085 | $0 | $7,632 | $111,717 |
3 people received more than $100,000 in reportable compensation from Fredericksburg Academy (Part VII, line 2). Compensation of current officers, directors and key employees totaled $201K (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–1b17 · 16 independent
- Audited financial statements Part XII 2bNo
- 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 14bNo
- Employees Part I, line 5199
- Volunteers Part I, line 616
Private foundation grants it received
4 private foundations reported grants to Fredericksburg Academy totaling $1,809 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 Fredericksburg 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 Fredericksburg Academy, you can publish a response that is linked from this page.
Share or embed this breakdown
Of every $100 Fredericksburg Academy spent in FY2025, $92.87 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- North Lawndale College Preparatory Charter High SchoolChicago, IL · revenue $13M · programs 76.7% · FY2025
- Caresouth Cares FoundationBaton Rouge, LA · revenue $13M · programs 32.9% · 2024
- The Chestnut Hill SchoolChestnut Hill, MA · revenue $13M · programs 72.3% · FY2025
- The Barrie School a Non-Profit CorporationSilver Spring, MD · revenue $13M · programs 85.7% · FY2025
- The University of Virginia Medical School FoundationCharlottesville, VA · revenue $13M · programs 81.0% · FY2025
Questions people ask
How much of Fredericksburg Academy's spending goes to programs?
In the fiscal year ending June 30, 2025, Fredericksburg Academy reported that 92.9% of its $12.1 million in expenses went to program services, 6.8% to management and general and 0.3% to fundraising (Form 990, Part IX).
How much does Fredericksburg Academy pay its top executive?
The largest total compensation Fredericksburg Academy reported for one person in the fiscal year ending June 30, 2025 was $198,601, for the role of HEAD OF SCHOOL (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Fredericksburg Academy get its money?
Of $13.1 million in revenue in the fiscal year ending June 30, 2025, 2.3% came from contributions and grants and 94.3% from program service revenue (Form 990, Part VIII).
Is Fredericksburg Academy a registered charity?
The IRS lists EIN 54-1568499 as a 501(c)(3) organization (publicly supported organization (509(a)(2))), 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 202631329349306758 · read the filing
- FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202511359349316666 · read the filing
- FY2023: Form 990 for the fiscal year ending June 30, 2023, object 202442199349300849 · read the filing
- FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202340479349301619 · read the filing
- FY2021: Form 990 for the fiscal year ending June 30, 2021, object 202211369349317316 · read the filing
- FY2020: Form 990 for the fiscal year ending June 30, 2020, object 202121379349305522 · read the filing
All filings for EIN 54-1568499: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.