Overview
What is The Fay School Inc?
The Fay School Inc, located at 48 Main Street in Southborough, Massachusetts, is a nonprofit organization dedicated to providing formal education for students in kindergarten through grade nine in both day and boarding settings. Established in 1866, the school focuses on nurturing each child's potential by offering a comprehensive, challenging program that lays the groundwork for a meaningful life. The institution's core values include academic excellence, honorable conduct, dedicated service, earnest effort, and wellness of mind, body, and spirit. With an emphasis on intellectual, aesthetic, physical, social, and emotional growth, Fay School teaches essential skills such as reading, writing, speaking, reasoning, and questioning. The loving learning environment encourages students to be curious, creative, and open to new ideas while supporting them in taking risks and learning from mistakes. The school's dedicated teachers get to know students as individuals, helping them understand and accept their unique challenges and strengths as learners. Honesty, respect, responsibility, empathy, and kindness inform the conduct at Fay School, which is an inclusive community that celebrates human diversity. The organization employs 273 individuals to support its mission.
Official website here: www.fayschool.org
What are the reviews and ratings of this charity?
96% rating from Charity Navigator indicates that The Fay School Inc has earned a Four-Star out of Four Star rating, reflecting exceptional accountability and financial health. The organization is commendable for its strong governance practices, demonstrated by having a fully independent board and rigorous oversight measures in place.
The school exhibits impressive financial metrics, including an 81.80% program expense ratio, indicating that a significant portion of its budget is directed towards its programs rather than administrative costs. Additionally, the absence of material asset diversion and a solid liabilities to assets ratio of 50.36% further underscore its financial stability and integrity.
While The Fay School Inc has excelled in accountability and finance, it is essential for potential donors and stakeholders to consider the broader impact of their programs. Ongoing transparency and communication about program outcomes can enhance trust and engagement from the community.
This AI summary has been generated from information found on Charity Navigator.
Is The Fay School Inc legitimate?
The Fay School Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Fay School Inc 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: $1,085,934
Professional Fundraising Fees: $0
Other Salaries and Wages: $10,683,424
For more financial information, click here
Official website here: www.fayschool.org
What is the mission statement of The Fay School Inc?
The Fay School Inc is dedicated to nurturing each child's potential through a broad, balanced, and challenging program. This comprehensive education establishes the foundation for a meaningful life. The institution values academic excellence, honorable conduct, dedicated service, earnest effort, and wellness of mind, body, and spirit. Fay School empowers students to discover their talents, develop intellectual abilities, and establish essential academic skills and knowledge. Emphasis is placed on essential skills, such as reading, writing clearly and coherently, reasoning soundly, and questioning thoughtfully. Fay's safe and supportive environment encourages students to take risks, learn from mistakes, and grow within high expectations. Teachers know their students as individuals and help them understand and accept their challenges and strengths. The school's conduct is based on honesty, respect, responsibility, empathy, and kindness. Fay is an inclusive community that recognizes, respects, and celebrates human diversity, preparing students to lead productive and fulfilling lives that make a positive difference in the world.
Official website here: www.fayschool.org
Who is the CEO of The Fay School Inc?
Robert Gustavson is the Head Of School of The Fay School Inc.
Official website here: www.fayschool.org
What is the revenue of The Fay School Inc?
The Fay School Inc's revenue in 2022 was $32,779,683.
Official website here: www.fayschool.org
Who are the executives of The Fay School Inc and what are their salaries?
The average compensation at The Fay School Inc during 2022 was $43,111. There are 273 employees and 100 volunteers at The Fay School Inc.
Here are 28 key members and their salaries:
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Official website here: www.fayschool.org
Where can I find the form 990 for The Fay School Inc?
The Fay School Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.fayschool.org
Learn more at the official website: www.fayschool.org
Mission Statement of The Fay School Inc
The Fay School Inc, a renowned institution for instruction and education, is committed to nurturing each child's potential through a broad, balanced, and challenging program that sets the foundation for a meaningful life. Established in 1866, this co-ed day and boarding school for students in kindergarten through grade nine, along with an early learning center for children ages 2.9 to 5, is built on five core values: academic excellence, honorable conduct, dedicated service, earnest effort, and wellness of mind, body, and spirit.
In a safe and supportive environment, The Fay School Inc empowers students to discover their talents and develop intellectual abilities. Teachers know their students as individuals and help them recognize and develop their intellectual, aesthetic, physical, social, and emotional capabilities. The school emphasizes the importance of essential skills, including reading well, writing and speaking clearly, reasoning soundly, questioning thoughtfully, and studying effectively. These skills enable students to lead, collaborate, create, and solve problems. The love of learning unites the community, and students are encouraged to be curious, creative, and open to new ideas.
High expectations regarding academic performance and ethical conduct encourage students to learn from mistakes within a context of honesty, respect, responsibility, empathy, and kindness. As an inclusive community, The Fay School Inc recognizes, respects, and celebrates the full range of human diversity. In all these ways, The Fay School Inc prepares its students to lead productive and fulfilling lives that make a positive difference in the world.
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Impact
October, 2024
The Fay School Inc profoundly impacts the lives of its students by providing an enriching educational experience designed to nurture each child's potential. With a commitment to academic excellence, the school supports 484 students in grades K-9 through a balanced and challenging curriculum that emphasizes essential skills such as reading, writing, reasoning, and effective study habits. This foundation not only fosters intellectual growth but also encourages social, emotional, and ethical development.
At Fay, the educational environment is characterized by five core values: honorable conduct, dedicated service, earnest effort, and the wellness of mind, body, and spirit. These values are interwoven into daily activities, promoting qualities like honesty, respect, and empathy. The motto "Poteris Modo Velis," meaning "You can if you will," reinforces the belief in students' potential for success through hard work and determination.
Fay School’s inclusive community embraces cultural diversity, providing a home for boarding students from various backgrounds. This rich tapestry of perspectives enhances the learning experience, preparing students to become compassionate leaders and responsible global citizens. By encouraging a love of learning and a willingness to take risks, Fay fosters an environment where students can explore their interests, develop their identities, and ultimately make meaningful contributions to society. This holistic approach ensures that Fay students are not just equipped with knowledge, but are also ready to lead fulfilling lives that positively impact the world around them.
This information is meant to be a general summary of The Fay School Inc. 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: $3,099,321
- Program Service Revenue: $25,815,824
- Gross Receipts: $33,484,139
Assets and Liabilities:
- Total Assets: $128,787,216
- Total Liabilities: $67,184,452
- Net Assets: $61,602,764
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TUITION AND FEES
Revenue
$24,678,612
SUMMER PROGRAMS
Revenue
$840,021
STUDENT SERVICE INCOME
Revenue
$297,191
Organization Details
Founding Year
1866
Phone
(508) 485-0100Principal Officer
Robert Gustavson
Main Address
48 MAIN STREET, SOUTHBOROUGH, MA, 017721595
Website
www.fayschool.orgNTEE Category
Code: B200 - Education
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