Overview
What is Phillips Exeter Academy?
Phillips Exeter Academy, established in 1781 by John Phillips, is a nonprofit institution founded on the belief that every student deserves a top-tier education that fosters the ideals of morality and knowledge. The Academy's mission is to provide exceptional educational opportunities, embodying the values of goodness and intellectual growth. The information does not specify any particular activities or schedules, so we cannot include that in the summary.
Official website here: www.exeter.edu
What are the reviews and ratings of this charity?
Charity Navigator Rating 96% - Four-Star out of Four Star rating
Phillips Exeter Academy has achieved an impressive Four-Star rating from Charity Navigator, reflecting its strong performance in accountability and finance. The overall score is based entirely on a high accountability and finance score of 96%, indicating effective management and transparency in its financial practices.
The organization demonstrates a commitment to good governance, with 95% of its board members being independent and a robust board size of 20 independent members. Additionally, the academy has well-defined policies in place, including conflict of interest and whistleblower policies, which are integral to maintaining trust and integrity within the institution.
Financially, Phillips Exeter Academy shows a solid program expense ratio of nearly 86%, ensuring that a significant portion of its expenditures goes directly to program services. The organization also maintains a low liabilities to assets ratio of 9.58%, indicating a strong financial position and minimal risk of insolvency. Overall, the data showcases the academy's strengths in financial health and governance, with no noted material diversions of assets.
This AI summary has been generated from information found on Charity Navigator.
Is Phillips Exeter Academy legitimate?
Phillips Exeter Academy is a legitimate nonprofit organization registered as a 501(c)(3) entity. Phillips Exeter Academy submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $846,407
Professional Fundraising Fees: $0
Other Salaries and Wages: $47,499,680
For more financial information, click here
Official website here: www.exeter.edu
What is the mission statement of Phillips Exeter Academy?
Phillips Exeter Academy, established in 1781, is dedicated to providing exceptional education that embodies the values of morality and knowledge. Founded by John Phillips, the academy aims to make top-tier education accessible to every student. By focusing on the integration of goodness and intellect, Phillips Exeter Academy strives to empower students to reach their full potential. The institution's mission is to foster a community where students can learn, grow, and thrive, grounded in the belief that education plays a crucial role in shaping the future.
Official website here: www.exeter.edu
Who is the CEO of Phillips Exeter Academy?
William Rawson is the Principal of Phillips Exeter Academy.
Official website here: www.exeter.edu
What is the revenue of Phillips Exeter Academy?
Phillips Exeter Academy's revenue in 2022 was $231,466,382.
Official website here: www.exeter.edu
Who are the executives of Phillips Exeter Academy and what are their salaries?
The average compensation at Phillips Exeter Academy during 2022 was $41,786. There are 1157 employees and 3380 volunteers at Phillips Exeter Academy.
Here are 28 key members and their salaries:
- Compensation: $450,841
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- Other: $81,396
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- Other: $49,588
- Compensation: $275,314
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- Other: $67,672
- Compensation: $213,976
- Related: $0
- Other: $126,401
- Compensation: $256,577
- Related: $0
- Other: $77,765
- Compensation: $295,269
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- Other: $34,969
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Official website here: www.exeter.edu
Where can I find the form 990 for Phillips Exeter Academy?
Phillips Exeter Academy's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.exeter.edu
Learn more at the official website: www.exeter.edu
Mission Statement of Phillips Exeter Academy
Phillips Exeter Academy, established in 1781 by John Phillips, is a renowned educational institution that upholds the belief that every student deserves an exceptional education, rooted in the values of goodness and knowledge. Phillips Exeter Academy's mission, as envisioned by its founder, is to provide an educational experience that goes beyond the ordinary, fostering a nurturing environment where students can thrive and grow.
John Phillips, the academy's founder, was deeply committed to the idea that education should be accessible to all, regardless of their backgrounds. With this belief, he set out to create an institution that would offer students an education that transcended the mundane, focusing on both moral integrity and intellectual growth. Today, Phillips Exeter Academy continues to carry on this legacy, nurturing students into becoming well-rounded individuals who are prepared for the challenges of the world.
Throughout its long-standing history, Phillips Exeter Academy has remained dedicated to the pursuit of knowledge and the cultivation of character. Students at the academy are not just taught academic subjects, but are also encouraged to develop essential life skills, such as critical thinking, communication, and problem-solving. The academy fosters a supportive and inclusive community where students can learn from one another, grow together, and prepare for their futures.
Phillips Exeter Academy's commitment to excellence and its unwavering belief in the potential of every student have made it a trailblazer in the realm of education. The academy's mission continues to inspire and motivate generations of students, as they embark on their journey towards a brighter future.
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Impact
October, 2024
Phillips Exeter Academy has had a profound impact on education since its founding in 1781 by John Phillips. Committed to the idea that every student deserves access to an exceptional education, the academy emphasizes both academic excellence and moral character. This dual focus on "goodness and knowledge" fosters a holistic approach to learning, preparing students not only for academic success but also for thoughtful citizenship and leadership in society.
Located in Exeter, New Hampshire, the academy is renowned for its rigorous curriculum and vibrant community. Its influence extends beyond its campus, contributing to the broader educational landscape by serving as a model for other institutions. Many of its graduates have gone on to prominent careers in various fields, including government, business, the arts, and sciences, thereby enhancing Phillips Exeter's legacy and showcasing the lasting value of a strong educational foundation.
The academy continues to inspire students today, offering an environment that encourages critical thinking, creativity, and collaboration. Through its dedication to excellence in education, Phillips Exeter Academy plays a crucial role in shaping the leaders of tomorrow and advancing the ideals of a better society.
This information is meant to be a general summary of Phillips Exeter Academy. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $108,364,981
- Program Service Revenue: $66,883,911
- Gross Receipts: $602,084,039
Assets and Liabilities:
- Total Assets: $1,905,644,826
- Total Liabilities: $197,781,186
- Net Assets: $1,707,863,640
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
STUDENT TUITION & FEES
Revenue
$61,707,516
AUX.& SUMMER PROGRAMS
Revenue
$5,176,395
Organization Details
Founding Year
1781
Phone
(603) 772-4311Principal Officer
William Rawson
Main Address
20 MAIN STREET, EXETER, NH, 038332460
Website
www.exeter.eduNTEE Category
Code: B250 - Education
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