Form 990 for tax year 2024
Filed by PARENTS OF STUDENTS OF PHILLIPS ACADEMY INCORPORATED.
Totals
- Total revenue
- $254,354
- Total expenses
- $293,600
- Contributions and grants received
- $325
- Grants paid
- $6,942
- Program service revenue
- $246,609
- Investment income
- $7,420
- Other revenue
- $0
- Total assets, end of year
- $398,622
- Total liabilities, end of year
- $18,169
- Net assets or fund balances, end of year
- $380,453
- Program services expenses (Part IX)
- $289,329
- Management and general expenses
- $4,271
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $289,329
Program services were 98.5% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1f · All other contributions, gifts and grants
$325
-
2a · Program service revenue: Merchandise Sales
total $246,609 · unrelated business $0 · excluded $0
-
3 · Investment income
total $7,420 · unrelated business $0 · excluded $7,420
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $6,942 · program services $6,942
-
11c · Fees: accounting
total $1,500 · program services $0 · management and general $1,500 · fundraising $0
-
11g · Fees: other
total $1,071 · program services $0 · management and general $1,071 · fundraising $0
-
23 · Insurance
total $1,300 · program services $0 · management and general $1,300 · fundraising $0
-
24a · Other expenses: Merchandise purchases
total $197,442 · program services $197,442 · management and general $0 · fundraising $0
-
24b · Other expenses: Program expenses
total $76,671 · program services $76,671 · management and general $0 · fundraising $0
-
24c · Other expenses: Store operations
total $6,185 · program services $6,185 · management and general $0 · fundraising $0
-
24d · Other expenses: Postage and Shipping
total $2,001 · program services $2,001 · management and general $0 · fundraising $0
-
24e · All other expenses
total $488 · program services $88 · management and general $400 · fundraising $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $55,676 · end of year $59,194
-
2 · Savings and temporary cash investments
beginning of year $203,430 · end of year $205,797
-
4 · Accounts receivable
beginning of year $2,543
-
8 · Inventories for sale or use
beginning of year $173,517 · end of year $133,631
-
17 · Accounts payable and accrued expenses
beginning of year $15,467 · end of year $18,169
-
27 · Net assets without donor restrictions
beginning of year $419,699 · end of year $380,453
Mission and programs · 2024
Mission
The purpose of the Parents of Students of Phillips Academy shall be to promote the interests and serve the needs of Phillips Academy, Andover, its students, parents, alumni/ae, and faculty/staff.
Activities or mission (Part I)
The purpose of the Parents of Students of Phillips Academy shall be to promote the interests and serve the needs of Phillips Academy, Andover, its students, parents, alumni/ae, and faculty/staff,
-
To promote Phillips Academy, its students and its community
Expenses $289,329 · Revenue $246,609
As filed on the 2024 return.
Listed in Part VII
-
Melissa Thatcher
Co-President
- Total calculated
- $0
- Hours/week
- 6
-
Wenli Peng
Co-President
- Total calculated
- $0
- Hours/week
- 6
-
Sharda Caro del Castillo
Co-Vice President
- Total calculated
- $0
- Hours/week
- 1
-
Jen Black
Co-Vice President
- Total calculated
- $0
- Hours/week
- 1
-
Kelly Griggs
Treasurer
- Total calculated
- $0
- Hours/week
- 1
-
Liang Fan
Assistant Treasurer
- Total calculated
- $0
- Hours/week
- 1
-
Ying Zhao
Secretary
- Total calculated
- $0
- Hours/week
- 1
-
Wen Lu
Director
- Total calculated
- $0
- Hours/week
- 1
-
Noriko Yamaoka
Director
- Total calculated
- $0
- Hours/week
- 1
-
Hong Cheng
Director
- Total calculated
- $0
- Hours/week
- 1
-
Daniela Gomez
Director
- Total calculated
- $0
- Hours/week
- 1
-
Lixiang Yao
Director
- Total calculated
- $0
- Hours/week
- 1
-
Michele Schuman
Director
- Total calculated
- $0
- Hours/week
- 1
-
Anne Poling
Director
- Total calculated
- $0
- Hours/week
- 1
-
Kelly Tyler Lewis
Director
- Total calculated
- $0
- Hours/week
- 1
-
Wendy Duan
Director
- Total calculated
- $0
- Hours/week
- 1
-
Karen Damon
Director
- Total calculated
- $0
- Hours/week
- 1
-
Robyn McDonough
Director
- Total calculated
- $0
- Hours/week
- 1
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 31 October 2025
- IRS schema version
- 2024v5.2
- Source object
- 202611349349307771
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