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St Mary's Episcopal School

Memphis, TN · EIN 62-0604637 · 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

St Mary's Episcopal School reported $26.5 million in revenue and $24.2 million in expenses for the fiscal year ending June 30, 2025. Of every $100 it spent, $80.76 went to program services, $17.58 to management and general costs and $1.66 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 84.4% of the total. The highest compensation it reported for one person was $397,757 (HEAD OF SCHOOL). 13 people received more than $100,000 in reportable compensation. Revenue rose 27% 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 $24M

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 $26M

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)
80.8%84.4%
Management & general
Part IX 25(C) ÷ 25(A)
17.6%13.4%
Fundraising
Part IX 25(D) ÷ 25(A)
1.7%0.8%
Fundraising cost per $1 of contributions
Part IX 25(D) ÷ Part VIII 1h
$0.17$0.04
Contributions & grants share of revenue
Part VIII 1h ÷ 12
9.0%19.1%
Government grants share of revenue
Part VIII 1e ÷ 12
0.4%1.1%
Program service revenue share
Part VIII 2g ÷ 12
84.4%69.9%
Highest reported compensation
Part VII-A, columns D–F
$397,757$331,578
Highest compensation as share of expenses
Part VII-A ÷ Part IX 25(A)
1.64%1.28%
People paid over $100,000
Part VII, line 2
138
Net assets, in months of expenses
Part X 33(B) ÷ monthly expenses
33.113.3
Independent voting board members
Part VI 1a–1b
22 of 22100.0%

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
$20M expenses · 100.0% of program spending · grants $2.6M · revenue $22M

To provide college preparatory education for girls from 2 years old to twelfth grade, regardless of socio-economic, ethnic, or religious background. The school emphasizes a classic, rigorous liberal arts curriculum. There were approximately 800 students enrolled for the current academic year

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, 40.00 hrs/week
$332,275$0$65,482$397,757
CHIEF FINANCIAL OFFICER
Officer, 40.00 hrs/week
$158,680$0$8,433$167,113
ASSOCIATE HEAD OF SCHOOL
Highest compensated employee, 40.00 hrs/week
$143,778$0$16,705$160,483
DIRECTOR OF OPERATIONS
Highest compensated employee, 40.00 hrs/week
$132,656$0$18,799$151,455
DIRECTOR OF ADM & FINANCIA
Highest compensated employee, 40.00 hrs/week
$114,915$0$24,721$139,636
DIRECTOR OF ATHLETICS
Highest compensated employee, 40.00 hrs/week
$115,859$0$15,548$131,407
HEAD OF UPPER SCHOOL
Highest compensated employee, 40.00 hrs/week
$117,113$0$13,781$130,894

13 people received more than $100,000 in reportable compensation from St Mary's Episcopal School (Part VII, line 2). Compensation of current officers, directors and key employees totaled $508K (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$10M$20M$30M$40MFY2020FY2021FY2022FY2023FY2024FY2025$26M$24M
FilingRevenueExpensesProgramsNet assetsTop pay
FY2025 ⓘ$26M$24M80.8%$67M$397,757
FY2024 ⓘ$29M$24M82.0%$64M$351,095
FY2023 ⓘ$27M$23M82.0%$57M$340,791
FY2022 ⓘ$24M$22M85.2%$53M$328,941
FY2021 ⓘ$23M$21M84.7%$54M$448,048
FY2020 ⓘ$21M$20M90.2%$44M$437,336

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 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 18No
  • Over $10,000 of activity outside the U.S. Part IV 14bNo
  • Employees Part I, line 5318
  • Volunteers Part I, line 6100

Largest outside contractors

FY2025 · Form 990, Part VII, Section B · businesses only
SAGE DINING SERVICES INC
Dining services
$1,026,524
LINKOUS CONSTRUCTION COMPANY
Construction
$985,285

Individuals listed as contractors are left out. 3 contractors were paid more than $100,000 in all.

Private foundation grants it received

10 private foundations reported grants to St Mary's Episcopal School totaling $424K 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 St Mary's Episcopal School's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for St Mary's Episcopal School, you can publish a response that is linked from this page.

Similar-sized charities in this cause

All education charities · Largest charities in Tennessee

Questions people ask

How much of St Mary's Episcopal School's spending goes to programs?

In the fiscal year ending June 30, 2025, St Mary's Episcopal School reported that 80.8% of its $24.2 million in expenses went to program services, 17.6% to management and general and 1.7% to fundraising (Form 990, Part IX).

How much does St Mary's Episcopal School pay its top executive?

The largest total compensation St Mary's Episcopal School reported for one person in the fiscal year ending June 30, 2025 was $397,757, for the role of HEAD OF SCHOOL (Form 990, Part VII, including compensation from related organizations and other compensation).

Where does St Mary's Episcopal School get its money?

Of $26.5 million in revenue in the fiscal year ending June 30, 2025, 9.0% came from contributions and grants (including 0.4% from government grants) and 84.4% from program service revenue (Form 990, Part VIII).

Is St Mary's Episcopal School a registered charity?

The IRS lists EIN 62-0604637 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 202610489349300511 · read the filing · XML
  • FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202500589349300430 · read the filing
  • FY2023: Form 990 for the fiscal year ending June 30, 2023, object 202421359349304912 · read the filing
  • FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202330669349300628 · read the filing
  • FY2021: Form 990 for the fiscal year ending June 30, 2021, object 202241239349300814 · read the filing
  • FY2020: Form 990 for the fiscal year ending June 30, 2020, object 202120919349301407 · read the filing

All filings for EIN 62-0604637: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.