Overview
What is Groton School?
Groton School is a renowned, co-educational, non-profit boarding institution based in Groton, Massachusetts. With a student population of 377, it caters to eighth through twelfth graders, preparing them for college and university education. The school is deeply committed to inclusivity, offering aid assistance to 44% of its students through tuition grants, housing support, travel assistance, and subsidies for essentials. Groton School's mission is to foster character, scholarship, leadership, and service within its diverse community. The institution boasts a team of 235 employees dedicated to nurturing the next generation's academic and personal growth.
Official website here: www.groton.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 93% (Four-Star out of Four Star Rating)
Groton School has achieved an impressive Four-Star rating from Charity Navigator, reflecting its strong financial health and governance practices. The organization boasts a high accountability and finance score, with 96% of its board members being independent. This structure supports transparency and effective oversight, which is crucial for maintaining trust with donors and supporters.
The nonprofit's financial management is further highlighted by its outstanding performance in areas such as the audit and oversight committee, which received full points. Additionally, Groton School has established comprehensive policies, including a conflict of interest and whistleblower policy, ensuring ethical governance. Its low liabilities to assets ratio indicates a solid financial foundation, enabling the institution to effectively allocate resources for its programs.
However, while Groton School's program expense ratio of 67.42% is commendable, there is still a small room for improvement in maximizing funds directed towards its core mission. Overall, the charity's strong ratings and adherence to accountability standards position it as a trustworthy organization within the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is Groton School legitimate?
Groton School is a legitimate nonprofit organization registered as a 501(c)(3) entity. Groton School 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: $1,120,106
Professional Fundraising Fees: $0
Other Salaries and Wages: $14,466,392
For more financial information, click here
Official website here: www.groton.org
What is the mission statement of Groton School?
Groton School is dedicated to inspiring students in grades eight through twelve with a mission to foster lives of character, scholarship, leadership, and service. This is accomplished within a diverse, inclusive, and tight-knit community. The educational institution goes beyond just academics, providing aid assistance to 44% of its students in the form of grants, housing support, travel assistance, and subsidies for essentials like books, supplies, and laptops.
Official website here: www.groton.org
Who is the CEO of Groton School?
Julie Dolan is the Headmaster of Groton School.
Official website here: www.groton.org
What is the revenue of Groton School?
Groton School's revenue in 2022 was $61,768,419.
Official website here: www.groton.org
Who are the executives of Groton School and what are their salaries?
The average compensation at Groton School during 2022 was $66,326. There are 235 employees and 300 volunteers at Groton School.
Here are 33 key members and their salaries:
- Compensation: $557,609
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- Other: $158,363
- Compensation: $321,655
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- Other: $82,479
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- Other: $82,581
- Compensation: $186,647
- Related: $0
- Other: $88,012
- Compensation: $180,661
- Related: $0
- Other: $86,278
- Compensation: $170,955
- Related: $0
- Other: $85,553
- Compensation: $180,205
- Related: $0
- Other: $27,659
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Official website here: www.groton.org
Where can I find the form 990 for Groton School?
Groton School's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.groton.org
Learn more at the official website: www.groton.org
Mission Statement of Groton School
Groton School, a prestigious non-profit educational institution, is dedicated to inspiring lives of character, scholarship, leadership, and service among its students in grades eight through twelve. Nestled within a diverse and inclusive community, the School pursues a mission to develop well-rounded individuals who will make a positive impact on the world.
Through its college and university preparatory program, Groton School offers a rigorous academic curriculum designed to challenge and engage students. The institution's commitment to its mission extends beyond the classroom, with a focus on fostering strong moral values and nurturing the leadership potential within each student. Aid assistance is available for 44% of its student body, enabling Groton School to remain accessible to a broad range of students, regardless of financial circumstances.
Groton School's supportive environment encourages students to grow and thrive, both academically and personally. The institution's mission is brought to life through its commitment to providing aid assistance, ensuring that talented students from all backgrounds have the opportunity to attend and benefit from the education offered. By inspiring lives of character, scholarship, leadership, and service, Groton School prepares its students for a successful future and empowers them to make a positive impact on their communities and the world.
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Impact
October, 2024
Groton School significantly impacts its students and the broader community by providing a rigorous college preparatory education for grades eight through twelve. With a student body of 377, Groton fosters an environment that promotes character development, academic excellence, leadership skills, and a commitment to service.
The school's approach to education emphasizes inclusivity and diversity, creating a close-knit community that supports personal growth and collaboration among its students. Notably, Groton ensures access to education by offering tuition assistance to 44% of its students, which includes grants for housing, travel, books, and supplies. This commitment to affordability and support enables a diverse range of students to thrive academically and personally.
Through its mission to inspire lives of character and scholarship, Groton School cultivates future leaders who are well-prepared for higher education and beyond, ultimately contributing to a better society.
This information is meant to be a general summary of Groton School. 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: $24,818,816
- Program Service Revenue: $22,552,664
- Gross Receipts: $63,917,572
Assets and Liabilities:
- Total Assets: $623,393,279
- Total Liabilities: $86,063,013
- Net Assets: $537,330,266
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Tuition
Revenue
$21,908,371
Technology Support Fee
Revenue
$226,200
Laptop Rental and Lease
Revenue
$166,250
Health Center Fee
Revenue
$128,000
Application Fees
Revenue
$70,300
Organization Details
Founding Year
1884
Phone
(978) 448-3363Principal Officer
Julie Dolan
Main Address
PO Box 991, Groton, MA, 01450
Website
www.groton.orgNTEE Category
Code: B250 - Education
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