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Nonprofiteer
← NOBLE AND GREENOUGH SCHOOL

Form 990 for tax year 2023

Filed by NOBLE AND GREENOUGH SCHOOL.

Totals

Total revenue
$65,430,459
Total expenses
$60,185,627
Contributions and grants received
$13,743,989
Grants paid
$7,474,091
Program service revenue
$43,465,354
Investment income
$8,006,355
Other revenue
$214,761
Total assets, end of year
$385,705,489
Total liabilities, end of year
$60,828,284
Net assets or fund balances, end of year
$324,877,205
Program services expenses (Part IX)
$51,263,375
Management and general expenses
$5,457,684
Fundraising expenses
$3,464,568
Program service expenses (Part III)
$51,263,375

Program services were 85.2% 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

    $13,743,989

  • 1g · Noncash contributions included above

    $1,900,081

  • 2a · Program service revenue: TUITION & FEES

    total $38,257,150 · related or exempt $38,257,150

  • 2b · Program service revenue: SUMMER CAMP

    total $4,962,797 · related or exempt $4,962,797

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

    total $174,424 · related or exempt $174,424

  • 2d · Program service revenue: ADMISSIONS APPLICATIONS

    total $62,672 · related or exempt $62,672

  • 2e · Program service revenue: UPWARD BOUND

    total $7,258 · related or exempt $7,258

  • 2f · All other program service revenue

    total $1,053 · related or exempt $1,053

  • 3 · Investment income

    total $4,777,256 · unrelated business $86,749 · excluded $4,690,507

  • 6a · Gross rents

    real property $146,710

  • 6b · Less rental expenses

    real property $146,149

  • 6c · Rental income or loss

    real property $561

  • 6d · Net rental income or loss

    total $561 · unrelated business $49,660 · excluded -$49,099

  • 7a · Gross sales of assets other than inventory

    securities $24,398,676

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

    securities $21,169,577

  • 7c · Gain or loss

    securities $3,229,099

  • 7d · Net gain or loss

    total $3,229,099 · excluded $3,229,099

  • 10a · Gross sales of inventory

    $47,403

  • 10b · Cost of goods sold

    $52,109

  • 10c · Net income from sales of inventory

    total -$4,706 · excluded -$4,706

  • 11a · Other revenue: CAFE REVENUES

    total $88,153 · excluded $88,153

  • 11b · Other revenue: WORKER'S COMP DIVIDEND

    total $61,000 · excluded $61,000

  • 11c · Other revenue: SERVICES TO THIRD PARTIES

    total $39,874 · unrelated business $39,624 · excluded $250

  • 11d · All other revenue

    total $29,879 · excluded $29,879

  • 11e · Other revenue, total

    $218,906

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $7,474,091 · program services $7,474,091

  • 5 · Compensation of officers, directors and key employees

    total $2,020,193 · program services $503,433 · management and general $1,011,460 · fundraising $505,300

  • 7 · Other salaries and wages

    total $22,259,139 · program services $19,954,614 · management and general $1,385,548 · fundraising $918,977

  • 8 · Pension plan contributions

    total $2,295,406 · program services $1,873,795 · management and general $254,836 · fundraising $166,775

  • 9 · Other employee benefits

    total $3,326,783 · program services $2,793,686 · management and general $362,795 · fundraising $170,302

  • 10 · Payroll taxes

    total $3,822,322 · program services $2,959,664 · management and general $229,493 · fundraising $633,165

  • 11b · Fees: legal

    total $13,628 · management and general $13,628

  • 11c · Fees: accounting

    total $99,039 · management and general $99,039

  • 11f · Fees: investment management

    total $998,928 · management and general $998,928

  • 11g · Fees: other

    total $1,847,084 · program services $1,684,340 · management and general $162,744

  • 12 · Advertising and promotion

    total $188,707 · program services $75,483 · management and general $56,612 · fundraising $56,612

  • 13 · Office expenses

    total $1,800,380 · program services $1,666,143 · management and general $107,237 · fundraising $27,000

  • 14 · Information technology

    total $866,802 · program services $240,471 · management and general $550,246 · fundraising $76,085

  • 16 · Occupancy

    total $4,645,557 · program services $4,495,391 · management and general $100,304 · fundraising $49,862

  • 20 · Interest

    total $641,153 · program services $641,153

  • 22 · Depreciation, depletion and amortization

    total $4,649,690 · program services $4,501,238 · management and general $99,159 · fundraising $49,293

  • 24a · Other expenses: DEVELOPMENT EXPENSE

    total $738,808 · fundraising $738,808

  • 24b · Other expenses: CAMP EXPENSE

    total $717,988 · program services $717,988

  • 24c · Other expenses: PROFESSIONAL DVLPMT

    total $714,683 · program services $660,220 · management and general $25,655 · fundraising $28,808

  • 24d · Other expenses: ATHLETIC EXPENSE

    total $531,351 · program services $531,351

  • 24e · All other expenses

    total $533,895 · program services $490,314 · fundraising $43,581

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $5,001,133 · end of year $3,475,182

  • 2 · Savings and temporary cash investments

    beginning of year $22,654,585 · end of year $26,940,079

  • 3 · Pledges and grants receivable

    beginning of year $2,573,903 · end of year $6,233,849

  • 4 · Accounts receivable

    beginning of year $16,797,688 · end of year $17,706,833

  • 8 · Inventories for sale or use

    beginning of year $119,228 · end of year $38,266

  • 9 · Prepaid expenses and deferred charges

    beginning of year $871,039 · end of year $1,221,202

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

    $162,524,318

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

    $69,226,817

  • 10c · Land, buildings and equipment, net

    beginning of year $92,204,606 · end of year $93,297,501

  • 11 · Investments: publicly traded securities

    beginning of year $102,757,338 · end of year $112,522,800

  • 12 · Investments: other securities

    beginning of year $98,653,579 · end of year $117,678,095

  • 15 · Other assets

    beginning of year $5,847,548 · end of year $6,591,682

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,626,613 · end of year $4,181,368

  • 19 · Deferred revenue

    beginning of year $31,179,228 · end of year $32,468,055

  • 20 · Tax-exempt bond liabilities

    beginning of year $23,281,757 · end of year $22,875,426

  • 25 · Other liabilities

    beginning of year $1,265,188 · end of year $1,303,435

  • 27 · Net assets without donor restrictions

    beginning of year $129,381,289 · end of year $137,033,791

  • 28 · Net assets with donor restrictions

    beginning of year $159,746,572 · end of year $187,843,414

Mission and programs · 2023

Mission

NOBLE AND GREENOUGH SCHOOL IS A RIGOROUS ACADEMIC COMMUNITY DEDICATED TO INSPIRING LEADERSHIP FOR THE PUBLIC GOOD. THROUGH MENTORING RELATIONSHIPS, WE MOTIVATE STUDENTS TO ACHIEVE THEIR HIGHEST POTENTIAL AND TO LEAD LIVES CHARACTERIZED BY SERVICE TO OTHERS. THE NOBLES COMMUNITY: GENERATES CRITICAL, CREATIVE, SOCIALLY CONSCIOUS THINKERS; UPHOLDS A COMMITMENT TO DIVERSITY; DEVELOPS CHARACTER AND INTELLECT IN DELIBERATE CONJUNCTION; CULTIVATES PURPOSEFUL CITIZENSHIP ON LOCAL, NATIONAL AND GLOBAL LEVELS; BUILDS INDEPENDENCE AND SELF-RESPECT THROUGH CHALLENGE AND ACHIEVEMENT; ESPOUSES HUMILITY, HUMOR, COLLABORATION, HONESTY AND RESPECT FOR OTHERS AS THE FOUNDATIONS OF A VIBRANT INTELLECTUAL COMMUNITY.

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 - 628 STUDENTS, 137 MEMBERS OF FACULTY. FINANCIAL AID IS GRANTED.

    Expenses $45,863,227 · Grants $7,474,091 · Revenue $38,463,613

  • NOBLES DAY CAMP: 8 WEEK PROGRAM FOR THE GREATER BOSTON COMMUNITY - 1,568 CAMPERS, 335 STAFF. CAMPERSHIP GRANTED.

    Expenses $4,565,502 · Revenue $4,962,797

  • 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 - 65 STUDENTS, 28 MEMBERS OF FACULTY.

    Expenses $834,646 · Revenue $38,944

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • ABBEYGALE ANDERSON

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5
  • JESSICA BAYLOR

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5
  • ELLEN BERKMAN

    TRUSTEE (AS OF 06/13/24)

    Total calculated
    $0
    Hours/week
    5
  • KEVIN CALLAGHAN

    TRUSTEE (UNTIL 06/13/24)

    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 (AS OF 06/13/24)

    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 (AS OF 06/13/24)

    Total calculated
    $0
    Hours/week
    5
  • RANJAY GULATI

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5
  • CLINTON HESS

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5
  • ANDY JANFAZA

    TRUSTEE (UNTIL 06/13/24)

    Total calculated
    $0
    Hours/week
    5
  • SENAM KUMAHIA

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5
  • LAURA MALKIN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5
  • DAVID MEDINA

    TRUSTEE (AS OF 06/13/24)

    Total calculated
    $0
    Hours/week
    5
  • JANET RAPELYE

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5
  • KURT SOMERVILLE

    TRUSTEE (AS OF 06/13/24)

    Total calculated
    $0
    Hours/week
    5
  • JEFF SCHWARTZ

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5
  • STACY SCOTT

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5
  • JENNIFER SEEMAN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5
  • JOHN STEPHENSON

    TRUSTEE (UNTIL 06/13/24)

    Total calculated
    $0
    Hours/week
    5
  • APRIL WATSON

    TRUSTEE (UNTIL 06/13/24)

    Total calculated
    $0
    Hours/week
    5
  • JOHN M MONTGOMERY

    PRESIDENT

    Total calculated
    $0
    Hours/week
    5
  • JEFF PATTERSON

    TREASURER (UNTIL 06/13/24)

    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
  • CATHERINE J HALL

    HEAD OF SCHOOL

    Total calculated
    $889,228
    From this org
    $556,877
    From related orgs
    $0
    Other
    $332,351
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $545,032
    Bonus
    $0
    Other
    $11,845
    Deferred
    $141,079
    Nontaxable benefits
    $191,272
    Filer's total
    $889,228
  • JOHN T GIFFORD

    ASSISTANT HEAD OF SCHOOL

    Total calculated
    $426,012
    From this org
    $315,817
    From related orgs
    $0
    Other
    $110,195
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $304,418
    Bonus
    $0
    Other
    $11,399
    Deferred
    $35,409
    Nontaxable benefits
    $74,786
    Filer's total
    $426,012
  • STEPHEN M GINSBERG

    CHIEF FIN. & OPERATING OFFICER

    Total calculated
    $418,014
    From this org
    $349,502
    From related orgs
    $0
    Other
    $68,512
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $339,515
    Bonus
    $0
    Other
    $9,987
    Deferred
    $36,300
    Nontaxable benefits
    $32,212
    Filer's total
    $418,014
  • GEORGE MALEY

    CHIEF ADVANCEMENT OFFICER

    Total calculated
    $404,669
    From this org
    $236,130
    From related orgs
    $0
    Other
    $168,539
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $226,488
    Bonus
    $0
    Other
    $9,642
    Deferred
    $26,316
    Nontaxable benefits
    $142,223
    Filer's total
    $404,669
  • LISA ROSE

    DIRECTOR OF DEVELOPMENT

    Total calculated
    $335,205
    From this org
    $171,687
    From related orgs
    $0
    Other
    $163,518
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $170,445
    Bonus
    $0
    Other
    $1,242
    Deferred
    $20,049
    Nontaxable benefits
    $143,469
    Filer's total
    $335,205
  • MICHAEL DENNING

    HEAD OF UPPER SCHOOL

    Total calculated
    $243,587
    From this org
    $179,902
    From related orgs
    $0
    Other
    $63,685
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $177,746
    Bonus
    $0
    Other
    $2,156
    Deferred
    $21,120
    Nontaxable benefits
    $42,565
    Filer's total
    $243,587
  • MARK SPENCE

    DEAN OF STUDENT ENGAGEMENT

    Total calculated
    $224,443
    From this org
    $199,927
    From related orgs
    $0
    Other
    $24,516
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $198,848
    Bonus
    $0
    Other
    $1,079
    Deferred
    $21,971
    Nontaxable benefits
    $2,545
    Filer's total
    $224,443
  • KATE RAMSDELL

    DIRECTOR OF COLLEGE COUNSELING

    Total calculated
    $223,472
    From this org
    $169,424
    From related orgs
    $0
    Other
    $54,048
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $168,449
    Bonus
    $0
    Other
    $975
    Deferred
    $20,020
    Nontaxable benefits
    $34,028
    Filer's total
    $223,472
  • LAURA BISHOP

    CONTROLLER

    Total calculated
    $206,584
    From this org
    $177,186
    From related orgs
    $0
    Other
    $29,398
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $174,413
    Bonus
    $0
    Other
    $2,773
    Deferred
    $19,261
    Nontaxable benefits
    $10,137
    Filer's total
    $206,584

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, 2024 AND 2023, TOTALED $60,794 AND $71,794, RESPECTIVELY. THE EMPLOYER CONTRIBUTION OF $82,339 TO THE 457(F) PLAN FOR THE CALENDAR YEAR 2023 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 (5)

    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
2023
Filed
15 July 2025
IRS schema version
2023v6.0
Source object
202531969349302303

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