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Trustees Of Phillips Academy

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 042103579 ✦ Andover, MA ✦ Designated as a 501(c)(3)

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Overview

What is Trustees Of Phillips Academy?

Phillips Academy, founded in 1778, is an independent, coeducational boarding high school based in the United States. With a student body of 1,100, the school welcomes a diverse community of students from various parts of the country and worldwide. As an institution, it is dedicated to providing quality education to its students.


Official website here: www.andover.edu

What are the reviews and ratings of this charity?

Charity Navigator Rating: 96% - Four-Star out of Four Stars

The Trustees of Phillips Academy has achieved a strong 96% rating from Charity Navigator, reflecting its excellence in accountability and finance. This high score highlights the organization's commitment to transparency and responsible financial management, which is critical for maintaining donor trust and effective operations.

One of the notable strengths of the organization includes its governance structure, with a board composed entirely of independent members, ensuring unbiased oversight. The charity has also earned full marks in various areas, such as its audit and oversight protocols, absence of asset diversion, and comprehensive policy documentation, which further underscores its reliability and integrity.

While the organization excels in financial ratios, with nearly 79% of its expenses directed toward programs, there are no reported limitations in the data that might affect its overall evaluation. The Trustees of Phillips Academy stands out as a well-managed nonprofit, demonstrating a robust commitment to its mission and effective use of resources.


This AI summary has been generated from information found on Charity Navigator.

Is Trustees Of Phillips Academy legitimate?

Trustees Of Phillips Academy is a legitimate nonprofit organization registered as a 501(c)(3) entity. Trustees Of Phillips 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: $4,077,245
Professional Fundraising Fees: $12,588
Other Salaries and Wages: $46,718,004

For more financial information, click here


Official website here: www.andover.edu

What is the mission statement of Trustees Of Phillips Academy?

Established in 1778, Phillips Academy is a prestigious, coeducational boarding high school. With a student body of 1,100, the institution welcomes a diverse community from various parts of the country and the world. Phillips Academy is an independent entity committed to providing quality education to its students. The school's mission is to foster learning and personal growth for its students, preparing them for future endeavors. The institution's values include academic excellence, character development, and community engagement. Through rigorous academic programs and diverse extracurricular activities, Phillips Academy aims to nurture well-rounded individuals equipped to face the challenges of the modern world.


Official website here: www.andover.edu

Who is the CEO of Trustees Of Phillips Academy?

Raynard Kington is the Head Of School/Trustee of Trustees Of Phillips Academy.


Official website here: www.andover.edu

What is the revenue of Trustees Of Phillips Academy?

Trustees Of Phillips Academy's revenue in 2022 was $241,100,696.


Official website here: www.andover.edu

Who are the executives of Trustees Of Phillips Academy and what are their salaries?

The average compensation at Trustees Of Phillips Academy during 2022 was $48,102. There are 1056 employees and 3836 volunteers at Trustees Of Phillips Academy.


Here are 33 key members and their salaries:


Kirsten A Glantz (Chief Investment Officer)
  • Compensation: $972,443
  • Related: $0
  • Other: $80,226
Raynard Kington (Head Of School/Trustee)
  • Compensation: $641,651
  • Related: $0
  • Other: $332,774
Thomas P Lockerby (Secretary Of The Academy)
  • Compensation: $392,918
  • Related: $0
  • Other: $124,812
Fernando R Alonso (Asst Head Of School/Cfo)
  • Compensation: $304,266
  • Related: $0
  • Other: $99,714
Xue Yang (Investment Associate)
  • Compensation: $326,931
  • Related: $0
  • Other: $46,155
Amy Patel (Dean Health & Wellness, Cmo)
  • Compensation: $235,341
  • Related: $0
  • Other: $122,274
Linda Carter Griffith (Assoc Head Of School)
  • Compensation: $206,452
  • Related: $0
  • Other: $138,071
James F Ventre (Asst Head Of School Admission)
  • Compensation: $190,663
  • Related: $0
  • Other: $119,070
Jeffrey C Domina (Dean Of Faculty)
  • Compensation: $161,316
  • Related: $0
  • Other: $128,823
Jessica L Herbster (General Counsel)
  • Compensation: $225,920
  • Related: $0
  • Other: $26,016
Andrew Jaffoni (Investment Analyst)
  • Compensation: $209,045
  • Related: $0
  • Other: $33,354
Rajesh Mundra (Interim Dept Head Of School)
  • Compensation: $161,336
  • Related: $0
  • Other: $73,164
J Lawrence Muench (Director Of Facilities)
  • Compensation: $192,895
  • Related: $0
  • Other: $23,985
Christopher S Auguste (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Joseph Y Bae (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Gil Caffray (Trustee/Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
David J Corkins (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Amy C Falls (Trustee/President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Keith T Flaherty (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Stefan L Kaluzny (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Chien Lee (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Gary Lee (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tristin Mannion (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tammy Snyder Murphy (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tamara E Rogers (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Yichen Zhang (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Eric L Zinterhofer (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jennifer Amstutz (Alumni Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Patricia M Doykos (Alumni Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Anna Durham (Alumni Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Christopher Jwb Leggett (Alumni Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Karen L Sallick (Alumni Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
William M Tong (Alumni Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.andover.edu

Where can I find the form 990 for Trustees Of Phillips Academy?

Trustees Of Phillips Academy's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.andover.edu

Learn more at the official website: www.andover.edu

Mission Statement of Trustees Of Phillips Academy

Trustees of Phillips Academy, established in 1778, is a renowned independent, coeducational boarding high school with a diverse student body of 1,100 students. Hailing from various parts of the country and the world, these students attend Phillips Academy for a world-class education. The organization's mission is to provide an exceptional learning environment that fosters intellectual, emotional, and character development for its students.

Phillips Academy is committed to delivering education that goes beyond the classroom. Its educational philosophy focuses on creating a community where students are encouraged to explore their interests, broaden their perspectives, and develop essential skills for success in higher education and beyond. The school's inclusive environment welcomes students from diverse backgrounds, promoting understanding, respect, and empathy among its students.

By fostering a strong sense of community, Phillips Academy encourages its students to engage in meaningful experiences, both inside and outside the classroom. This approach to education enables students to grow into well-rounded individuals, equipped with the necessary skills to contribute positively to society. Trustees of Phillips Academy is more than just a school; it's a community that supports, inspires, and empowers its students to reach their full potential.

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Impact




October, 2024

Trustees Of Phillips Academy significantly impacts education by fostering a diverse and inclusive learning environment for approximately 1,100 students from various backgrounds. Established in 1778, Phillips Academy provides a coeducational, boarding experience that not only emphasizes academic excellence but also encourages personal growth and character development. By attracting a global student body, it cultivates a rich cultural environment that enhances the educational experience. The academy's commitment to accessible education enables it to nurture future leaders who are prepared to make meaningful contributions to society. Through its comprehensive programs and strong community values, Trustees Of Phillips Academy shapes the lives of its students and positively influences the broader educational landscape.




This information is meant to be a general summary of Trustees Of Phillips 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.

Revenue
$241,100,696 (2022)
Expenses
$142,673,387 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $119,658,266
  • Program Service Revenue: $77,519,566
  • Gross Receipts: $866,058,288

Assets and Liabilities:

  • Total Assets: $1,868,875,809
  • Total Liabilities: $208,933,808
  • Net Assets: $1,659,942,001

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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

$73,403,966

COURSE PROGRAM & MATERIALS

Revenue

$1,907,630

HOCKEY RINK

Revenue

$1,171,393

SERVICE REVENUE

Revenue

$131,813

REBATE REVENUE

Revenue

$68,022

Organization Details

Founding Year

1778

Principal Officer

Raynard Kington

Main Address

180 MAIN STREET, ANDOVER, MA, 018104166

NTEE Category

Code: B250 - Education

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