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Nonprofiteer
← NOBLE AND GREENOUGH SCHOOL

Form 990 for tax year 2024

Filed by NOBLE AND GREENOUGH SCHOOL.

Totals

Total revenue
$84,781,069
Total expenses
$65,132,825
Contributions and grants received
$29,285,522
Grants paid
$8,182,304
Program service revenue
$44,941,767
Investment income
$10,338,198
Other revenue
$215,582
Total assets, end of year
$424,414,045
Total liabilities, end of year
$62,458,199
Net assets or fund balances, end of year
$361,955,846
Program services expenses (Part IX)
$54,911,348
Management and general expenses
$6,042,366
Fundraising expenses
$4,179,111
Program service expenses (Part III)
$54,911,348

Program services were 84.3% 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

    $29,285,522

  • 1g · Noncash contributions included above

    $1,863,671

  • 2a · Program service revenue: TUITION & FEES

    total $39,648,700 · related or exempt $39,648,700

  • 2b · Program service revenue: SUMMER CAMP

    total $5,029,043 · related or exempt $5,029,043

  • 2c · Program service revenue: ART & MUSIC FEES

    total $194,644 · related or exempt $194,644

  • 2d · Program service revenue: ADMISSIONS APPLICATIONS

    total $64,222 · related or exempt $64,222

  • 2e · Program service revenue: SALE OF TEXTBOOKS & RELATED ITEMS

    total $5,158 · related or exempt $5,158

  • 3 · Investment income

    total $4,254,363 · unrelated business $278,344 · excluded $3,976,019

  • 6a · Gross rents

    real property $103,650

  • 6b · Less rental expenses

    real property $121,595

  • 6c · Rental income or loss

    real property -$17,945

  • 6d · Net rental income or loss

    total -$17,945 · excluded -$17,945

  • 7a · Gross sales of assets other than inventory

    securities $62,129,094

  • 7b · Less cost or other basis and sales expenses

    securities $56,045,259

  • 7c · Gain or loss

    securities $6,083,835

  • 7d · Net gain or loss

    total $6,083,835 · excluded $6,083,835

  • 10a · Gross sales of inventory

    $47,780

  • 10b · Cost of goods sold

    $52,446

  • 10c · Net income from sales of inventory

    total -$4,666 · excluded -$4,666

  • 11a · Other revenue: RENTALS WITH SERVICES

    total $97,956 · unrelated business $97,956

  • 11b · Other revenue: CAFE REVENUES

    total $90,341 · excluded $90,341

  • 11c · Other revenue: REWARDS

    total $11,797 · excluded $11,797

  • 11d · All other revenue

    total $38,099 · excluded $38,099

  • 11e · Other revenue, total

    $238,193

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $8,182,304 · program services $8,182,304

  • 5 · Compensation of officers, directors and key employees

    total $2,178,689 · program services $534,362 · management and general $1,093,534 · fundraising $550,793

  • 7 · Other salaries and wages

    total $24,231,346 · program services $20,728,522 · management and general $1,916,440 · fundraising $1,586,384

  • 8 · Pension plan contributions

    total $2,044,042 · program services $1,912,947 · management and general $29,053 · fundraising $102,042

  • 9 · Other employee benefits

    total $6,193,420 · program services $5,044,907 · management and general $551,962 · fundraising $596,551

  • 10 · Payroll taxes

    total $1,843,700 · program services $1,642,310 · management and general $91,961 · fundraising $109,429

  • 11b · Fees: legal

    total $11,699 · management and general $11,699

  • 11c · Fees: accounting

    total $129,868 · management and general $129,868

  • 11f · Fees: investment management

    total $1,048,248 · management and general $1,048,248

  • 11g · Fees: other

    total $1,691,153 · program services $1,691,153

  • 12 · Advertising and promotion

    total $13,622 · program services $13,622

  • 13 · Office expenses

    total $1,917,028 · program services $1,595,316 · management and general $217,927 · fundraising $103,785

  • 14 · Information technology

    total $775,851 · program services $400,219 · management and general $347,736 · fundraising $27,896

  • 16 · Occupancy

    total $4,911,322 · program services $4,763,863 · management and general $98,496 · fundraising $48,963

  • 17 · Travel

    total $224,240 · program services $224,240

  • 20 · Interest

    total $626,891 · program services $626,891

  • 22 · Depreciation, depletion and amortization

    total $4,882,737 · program services $4,726,843 · management and general $104,130 · fundraising $51,764

  • 24a · Other expenses: CAMP EXPENSE

    total $1,035,044 · program services $1,035,044

  • 24b · Other expenses: DEVELOPMENT EXPENSE

    total $1,013,427 · program services $45,548 · fundraising $967,879

  • 24c · Other expenses: ATHLETIC EXPENSE

    total $816,647 · program services $816,647

  • 24d · Other expenses: PROFESSIONAL DVLPMT

    total $636,979 · program services $579,569 · management and general $23,785 · fundraising $33,625

  • 24e · All other expenses

    total $724,568 · program services $347,041 · management and general $377,527

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $3,475,182 · end of year $10,840,276

  • 2 · Savings and temporary cash investments

    beginning of year $26,940,079 · end of year $19,128,700

  • 3 · Pledges and grants receivable

    beginning of year $6,233,849 · end of year $17,443,147

  • 4 · Accounts receivable

    beginning of year $17,706,833 · end of year $18,868,194

  • 8 · Inventories for sale or use

    beginning of year $38,266 · end of year $15,855

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,221,202 · end of year $1,397,125

  • 10a · Land, buildings and equipment: cost or other basis

    $172,489,390

  • 10b · Land, buildings and equipment: accumulated depreciation

    $74,151,324

  • 10c · Land, buildings and equipment, net

    beginning of year $93,297,501 · end of year $98,338,066

  • 11 · Investments: publicly traded securities

    beginning of year $112,522,800 · end of year $118,197,458

  • 12 · Investments: other securities

    beginning of year $117,678,095 · end of year $133,139,204

  • 15 · Other assets

    beginning of year $6,591,682 · end of year $7,046,020

  • 17 · Accounts payable and accrued expenses

    beginning of year $4,181,368 · end of year $5,236,343

  • 19 · Deferred revenue

    beginning of year $32,468,055 · end of year $33,633,843

  • 20 · Tax-exempt bond liabilities

    beginning of year $22,875,426 · end of year $22,455,684

  • 25 · Other liabilities

    beginning of year $1,303,435 · end of year $1,132,329

  • 27 · Net assets without donor restrictions

    beginning of year $137,033,791 · end of year $139,181,458

  • 28 · Net assets with donor restrictions

    beginning of year $187,843,414 · end of year $222,774,388

Mission and programs · 2024

Mission

THE MISSION OF NOBLE AND GREENOUGH SCHOOL IS TO FORGE HUMAN CONNECTIONS TO INSPIRE A LIFELONG PROCESS OF DISCOVERY AND UNLOCK THE POTENTIAL TO DO GOOD. THE COMMUNITY IS GROUNDED IN THE VALUES OF CURIOSITY, RESPECT, PLAYFULNESS, GENEROSITY, AND BELONGING.

Activities or mission (Part I)

NOBLE AND GREENOUGH SCHOOL PROVIDES INSTRUCTIONAL ACTIVITY TO STUDENTS IN GRADES 7-12.

  • NOBLE & GREENOUGH SCHOOL: INSTRUCTIONAL ACTIVITY TO STUDENTS FROM GRADE 7 TO 12 - 634 STUDENTS, 137 MEMBERS OF FACULTY. FINANCIAL AID IS GRANTED.

    Expenses $49,130,331 · Grants $8,182,304 · Revenue $39,889,593

  • NOBLES DAY CAMP: 8 WEEK PROGRAM FOR THE GREATER BOSTON COMMUNITY - 1,575 CAMPERS, 324 STAFF.

    Expenses $4,880,878 · Revenue $5,029,043

  • ACHIEVE: A TUITION-FREE EDUCATIONAL PROGRAM SERVING LOW-INCOME MIDDLE SCHOOL CHILDREN FROM BOSTON PUBLIC SCHOOLS, ACHIEVE PROVIDES ACADEMIC AND PERSONAL ENRICHMENT THROUGH A RIGOROUS AND ENGAGING SIX-WEEK SUMMER PROGRAM AND ONGOING ACADEMIC YEAR TUTORING AND SUPPORT. ACHIEVE SEEKS TO INCREASE STUDENTS' ACADEMIC SKILLS, MOTIVATION, AND SELF-CONFIDENCE AND PUT THEM ON THE PATH TO COLLEGE - 67 STUDENTS, 26 MEMBERS OF FACULTY.

    Expenses $900,139 · Revenue $23,131

As filed on the 2024 return.

Listed in Part VII

  • CATHERINE J HALL

    HEAD OF SCHOOL

    Total calculated
    $983,650
    From this org
    $594,860
    From related orgs
    $0
    Other
    $388,790
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $582,391
    Bonus
    $0
    Other
    $12,469
    Deferred
    $156,272
    Nontaxable benefits
    $232,518
    Filer's total
    $983,650
  • ABBEYGALE ANDERSON

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5
  • ELLEN BERKMAN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5
  • LORI CASHMAN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5
  • KARL CHENG

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5
  • BROGHAN CULLY

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5
  • STEVE ELLIS

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5
  • DAVID FRANKEL

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5
  • TOM GILBANE

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5
  • RANJAY GULATI

    TRUSTEE (UNTIL 6/12/25)

    Total calculated
    $0
    Hours/week
    5
  • CLINTON HESS

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5
  • SENAM KUMAHIA

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5
  • DENNA LAING

    TRUSTEE (AS OF 6/12/25)

    Total calculated
    $0
    Hours/week
    5
  • LAURA MALKIN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5
  • DAVID MEDINA

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5
  • MINDY MUNGER

    TRUSTEE (AS OF 6/12/25)

    Total calculated
    $0
    Hours/week
    5
  • JEFF SCHWARTZ

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5
  • STACY SCOTT

    TRUSTEE (UNTIL 6/12/25)

    Total calculated
    $0
    Hours/week
    5
  • JENNIFER SEEMAN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5
  • KURT SOMERVILLE

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5
  • MARK SULLIVAN

    TRUSTEE (AS OF 6/12/25)

    Total calculated
    $0
    Hours/week
    5
  • JESSICA BAYLOR

    TRUSTEE (UNTIL 6/12/25)

    Total calculated
    $0
    Hours/week
    5
  • PETE HOWE

    TRUSTEE (AS OF 6/12/25)

    Total calculated
    $0
    Hours/week
    5
  • JOHN MONTGOMERY

    PRESIDENT

    Total calculated
    $0
    Hours/week
    5
  • JANET RAPELYE

    VICE PRESIDENT (AS OF 6/12/25)

    Total calculated
    $0
    Hours/week
    5
  • TOM SARGENT

    TREASURER

    Total calculated
    $0
    Hours/week
    5
  • JILL WALSH

    CLERK/SECRETARY

    Total calculated
    $0
    Hours/week
    5
  • STEPHEN M GINSBERG

    CFOO AND ASST. HEAD OF SCHOOL

    Total calculated
    $463,105
    From this org
    $366,832
    From related orgs
    $0
    Other
    $96,273
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $356,846
    Bonus
    $0
    Other
    $9,986
    Deferred
    $37,950
    Nontaxable benefits
    $58,323
    Filer's total
    $463,105
  • JOHN T GIFFORD

    ASSISTANT HEAD OF SCHOOL

    Total calculated
    $401,909
    From this org
    $333,041
    From related orgs
    $0
    Other
    $68,868
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $332,905
    Bonus
    $0
    Other
    $136
    Deferred
    $35,409
    Nontaxable benefits
    $33,459
    Filer's total
    $401,909
  • GEORGE MALEY

    CHIEF ADVANCEMENT OFFICER

    Total calculated
    $368,018
    From this org
    $196,215
    From related orgs
    $0
    Other
    $171,803
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $186,089
    Bonus
    $0
    Other
    $10,126
    Deferred
    $22,307
    Nontaxable benefits
    $149,496
    Filer's total
    $368,018
  • MARK SPENCE

    DEAN OF STUDENT ENGAGEMENT

    Total calculated
    $234,345
    From this org
    $209,243
    From related orgs
    $0
    Other
    $25,102
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $208,110
    Bonus
    $0
    Other
    $1,133
    Deferred
    $21,971
    Nontaxable benefits
    $3,131
    Filer's total
    $234,345
  • ALISON EASTERLING

    HEAD OF UPPER SCHOOL

    Total calculated
    $273,555
    From this org
    $209,301
    From related orgs
    $0
    Other
    $64,254
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $206,563
    Bonus
    $0
    Other
    $2,738
    Deferred
    $26,316
    Nontaxable benefits
    $37,938
    Filer's total
    $273,555
  • KATE RAMSDELL

    HEAD OF COLLEGE COUNSELING

    Total calculated
    $240,020
    From this org
    $184,978
    From related orgs
    $0
    Other
    $55,042
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $183,944
    Bonus
    $0
    Other
    $1,034
    Deferred
    $20,020
    Nontaxable benefits
    $35,022
    Filer's total
    $240,020
  • ALEX GALLAGHER

    ATHLETIC DIRECTOR

    Total calculated
    $306,683
    From this org
    $173,309
    From related orgs
    $0
    Other
    $133,374
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $171,920
    Bonus
    $0
    Other
    $1,389
    Deferred
    $19,789
    Nontaxable benefits
    $113,585
    Filer's total
    $306,683
  • LISA ROSE

    DIRECTOR OF DEVELOPMENT

    Total calculated
    $332,517
    From this org
    $185,457
    From related orgs
    $0
    Other
    $147,060
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $184,124
    Bonus
    $0
    Other
    $1,333
    Deferred
    $20,049
    Nontaxable benefits
    $127,011
    Filer's total
    $332,517

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. 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
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4b · Supplemental nonqualified retirement plan

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
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 1A
SINCE THE SCHOOL IS A BOARDING SCHOOL, SOME OF THE FACULTY ARE REQUIRED TO LIVE ON CAMPUS AS A CONDITION OF EMPLOYMENT AND FOR THE CONVENIENCE OF THE EMPLOYER TO SUPERVISE THE STUDENTS, PARTICIPATE IN ACTIVITIES WITH THE STUDENTS AND/OR TO CONDUCT BUSINESS OUTSIDE THE NORMAL BUSINESS HOURS. THE HEAD OF SCHOOL IS REQUIRED TO LIVE ON CAMPUS AND IS PROVIDED A NONTAXABLE HOUSING BENEFIT.
PART I, LINE 4B
THE FOLLOWING EMPLOYEES PARTICIPATED IN A NON-QUALIFIED RETIREMENT PLAN: - CATHERINE J. HALL THE SCHOOL HAS A DEFERRED COMPENSATION PLAN FOR THE HEAD OF SCHOOL UNDER IRC 457(F). THE PLAN FOR THE HEAD OF SCHOOL WAS EFFECTIVE ON JULY 1, 2017. THE PLAN REQUIRES A MONTHLY CONTRIBUTION BY THE SCHOOL OF A PERCENTAGE OF THE HEAD OF SCHOOL'S GROSS CASH SALARY PAID FOR THE PREVIOUS MONTH. THE EMPLOYER CONTRIBUTION FOR THE YEARS ENDED AUGUST 31, 2025 AND 2024, TOTALED $67,040 AND $60,794, RESPECTIVELY. THE EMPLOYER CONTRIBUTION OF $93,132 TO THE 457(F) PLAN FOR THE CALENDAR YEAR 2024 IS RECORDED ON SCHEDULE J, PART II, COLUMN C.

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.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • POOLED INCOME FUNDS (2)

    T · FIDUCIARY ACTIVITY · MA · controlled entity

    Directly controlled by NOBLE AND GREENOUGH SCHOOL

  • UNITRUSTS (6)

    T · FIDUCIARY ACTIVITY · MA · controlled entity

    Directly controlled by NOBLE AND GREENOUGH SCHOOL

  • CHARITABLE REMAINDER UNITRUSTS (3)

    T · FIDUCIARY ACTIVITY · MA · controlled entity

    Directly controlled by NOBLE AND GREENOUGH SCHOOL

Provenance

Return type
form_990
Tax year
2024
Filed
15 July 2026
IRS schema version
2024v5.5
Source object
202621969349301037

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