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Nonprofiteer
← LOOMIS INSTITUTE

Form 990 for tax year 2023

Filed by LOOMIS INSTITUTE.

Totals

Total revenue
$137,874,508
Total expenses
$72,756,034
Contributions and grants received
$77,085,187
Grants paid
$10,524,107
Program services expenses (Part IX)
$57,829,751
Management and general expenses
$10,205,291
Fundraising expenses
$4,720,992
Program service expenses (Part III)
$57,829,751

Program services were 79.5% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • SHEILA CULBERT

    HEAD OF SCHOOL

    Total calculated
    $1,752,534
    From this org
    $1,272,322
    From related orgs
    $0
    Other
    $480,212
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $289,822
    Bonus
    $0
    Other
    $982,500
    Deferred
    $449,757
    Nontaxable benefits
    $30,455
    Filer's total
    $1,752,534

  • COURTNEY ACKEIFI

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • BRUCE ALEXANDER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • KATHERINE BALLARD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • JOHN BUSSEL

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • PAULINE CHEN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • ERIK A CLIETTE

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • BRITT MARIE COLE-JOHNSON

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • KEITH O COWAN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • AMY L EDWARDS-SWEET

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • FRIDOLF A HANSON

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • M SCOTT HAVENS

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • JONATHAN M KELLY

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • UNSOO KIM

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • RACHEL KORT

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • DOUGLAS W LYONS

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • DUNCAN A L MACLEAN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • JESSICA PAINDIRIS

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • ELIZABETH RICHMOND

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • DAVID A ROGAN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • MARC RUBENSTEIN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • MARY BUCKSBAUM SCANLAN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • HARVEY J STRUTHERS JR

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • XIN TANG

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • MARTIN VULLIEZ

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • KENDRA N WALLACE

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • JAMES L WIDDOES

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • ARIEL WILLIAMS

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • RICHARD ESPOSITO

    CHIEF FINANCIAL OFFICER

    Total calculated
    $431,762
    From this org
    $338,018
    From related orgs
    $0
    Other
    $93,744
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $333,018
    Bonus
    $5,000
    Other
    $0
    Deferred
    $63,000
    Nontaxable benefits
    $30,744
    Filer's total
    $431,762

  • NATHAN FOLLANSBEE

    DIRECTOR OF EXTERNAL AFFAIRS

    Total calculated
    $275,375
    From this org
    $252,915
    From related orgs
    $0
    Other
    $22,460
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $79,186
    Bonus
    $0
    Other
    $173,729
    Deferred
    $15,930
    Nontaxable benefits
    $6,530
    Filer's total
    $275,375

  • WEBSTER TRENCHARD

    ASSOCIATE HEADMASTER

    Total calculated
    $260,414
    From this org
    $183,989
    From related orgs
    $0
    Other
    $76,425
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $183,989
    Bonus
    $0
    Other
    $0
    Deferred
    $41,579
    Nontaxable benefits
    $34,846
    Filer's total
    $260,414

  • TIMOTHY STRUTHERS

    DIRECTOR OF DEVELOPMENT

    Total calculated
    $309,929
    From this org
    $214,619
    From related orgs
    $0
    Other
    $95,310
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $214,619
    Bonus
    $0
    Other
    $0
    Deferred
    $24,564
    Nontaxable benefits
    $70,746
    Filer's total
    $309,929

  • JULIA KNIGHT

    BUSINESS MANAGER

    Total calculated
    $191,247
    From this org
    $172,346
    From related orgs
    $0
    Other
    $18,901
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $172,346
    Bonus
    $0
    Other
    $0
    Deferred
    $18,712
    Nontaxable benefits
    $189
    Filer's total
    $191,247

  • LYNN PETRILLO

    DIRECTOR OF COMMUNICATIONS

    Total calculated
    $197,782
    From this org
    $170,061
    From related orgs
    $0
    Other
    $27,721
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $170,061
    Bonus
    $0
    Other
    $0
    Deferred
    $19,018
    Nontaxable benefits
    $8,703
    Filer's total
    $197,782

  • AMY THOMPSON

    DEAN OF ENROLLMENT

    Total calculated
    $201,390
    From this org
    $164,142
    From related orgs
    $0
    Other
    $37,248
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $164,142
    Bonus
    $0
    Other
    $0
    Deferred
    $19,329
    Nontaxable benefits
    $17,919
    Filer's total
    $201,390

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 — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 1a · Housing allowance or residence for personal use
  • 1a · Personal services (maid, chauffeur, chef)
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4b · Supplemental nonqualified retirement plan
  • 7 · Other non-fixed payments

Answered no

  • 4a · Severance or change-of-control payment
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 1A
THE HEAD OF SCHOOL IS REQUIRED TO LIVE ON CAMPUS AS A CONDITION OF EMPLOYMENT. CERTAIN OFFICERS AND OTHER HIGHLY COMPENSATED EMPLOYEES ARE ALSO PROVIDED HOUSING AS A CONDITION OF THEIR EMPLOYMENT. THE VALUE OF THE HOUSING IS REPORTED AS NONTAXABLE IN SCHEDULE J, PART II, COLUMN D. THE HOUSE WHERE THE HEAD OF SCHOOL RESIDES IS USED FOR MULTIPLE SCHOOL EVENTS. CLEANING SERVICES ARE PROVIDED FOR SCHOOL EVENTS. THIS IS NOT TREATED AS A TAXABLE BENEFIT.
PART I, LINE 4B
SHEILA CULBERT, RICHARD ESPOSITO, NATHAN FOLLANSBEE, AND WEBSTER TRENCHARD PARTICIPATE IN NONQUALIFIED DEFERRED COMPENSATION PLANS. THE PLANS HAVE A SUBSTANTIAL RISK OF FORFEITURE. IN CALENDAR YEAR 2023, SHEILA CULBERT RECEIVED CONTRIBUTIONS TO HER NONQUALIFIED DEFERRED COMPENSATION PLAN OF $423,510, AS REPORTED ON SCHEDULE J, PART II, COLUMN (C). IN CALENDAR YEAR 2023, SHE RECEIVED A PAYMENT OF $982,500 FOR THE VESTED AMOUNT IN HER NONQUALIFIED DEFERRED PLAN, AS REPORTED ON SCHEDULE J, PART II, COLUMN (B)(III). THIS REPRESENTS DEFERRED COMPENSATION FOR 4 YEARS OF SERVICE. SHEILA HAS SERVED AS THE HEAD OF SCHOOL FOR 16 YEARS. IN CALENDAR YEAR 2023, NATHAN FOLLANSBEE RECEIVED A PAYMENT OF $173,729 FOR HIS VESTED DEFERRED COMPENSATION PLAN, AS REPORTED ON SCHEDULE J, PART II, COLUMN (B)(III). THIS REPRESENTS DEFERRED COMPENSATION FOR 4 YEARS OF SERVICE.
PART I, LINE 7
A PERFORMANCE MERIT BONUS WAS PAID TO RICHARD ESPOSITO IN 2023.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2023
Filed
12 May 2025
IRS schema version
2023v6.0
Source object
202501359349309045

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