Totals
- Total revenue
- $73,977,265
- Total expenses
- $60,179,578
- Contributions and grants received
- $10,924,097
- Grants paid
- $4,107,267
- Program service revenue
- $46,142,117
- Investment income
- $16,208,064
- Other revenue
- $702,987
- Total assets, end of year
- $315,820,795
- Total liabilities, end of year
- $53,140,205
- Net assets or fund balances, end of year
- $262,680,590
- Program services expenses (Part IX)
- $48,094,434
- Management and general expenses
- $9,554,658
- Fundraising expenses
- $2,530,486
- Program service expenses (Part III)
- $48,094,434
Program services were 79.9% 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.
-
1c · Fundraising events
$145,596
-
1f · All other contributions, gifts and grants
$10,778,501
-
1g · Noncash contributions included above
$1,285,969
-
2a · Program service revenue: TUITION AND FEES
total $42,238,075 · related or exempt $42,238,075
-
2b · Program service revenue: OTHER PROGRAM ACTIVITIES
total $2,767,258 · related or exempt $2,767,258
-
2c · Program service revenue: DAYCARE
total $1,136,784 · unrelated business $1,136,784
-
3 · Investment income
total $871,949 · unrelated business -$39,969 · excluded $911,918
-
6a · Gross rents
real property $796,989
-
6b · Less rental expenses
real property $218,514
-
6c · Rental income or loss
real property $578,475
-
6d · Net rental income or loss
total $578,475 · excluded $578,475
-
7a · Gross sales of assets other than inventory
securities $78,757,960
-
7b · Less cost or other basis and sales expenses
securities $63,421,845
-
7c · Gain or loss
securities $15,336,115
-
7d · Net gain or loss
total $15,336,115 · excluded $15,336,115
-
8a · Fundraising events: gross income
$29,075
-
8a · Fundraising events: contributions included on line 1c
$145,596
-
8b · Fundraising events: direct expenses
$48,834
-
8c · Net income from fundraising events
total -$19,759 · excluded -$19,759
-
10a · Gross sales of inventory
$320,880
-
10b · Cost of goods sold
$262,491
-
10c · Net income from sales of inventory
total $58,389 · excluded $58,389
-
11d · All other revenue
total $85,882 · related or exempt $85,882
-
11e · Other revenue, total
$85,882
Functional expenses
Part IX, the statement of functional expenses.
-
2 · Grants to domestic individuals
total $4,107,267 · program services $4,107,267
-
5 · Compensation of officers, directors and key employees
total $2,980,796 · program services $2,299,464 · management and general $530,852 · fundraising $150,480
-
6 · Compensation of disqualified persons
total $803,558 · program services $619,544 · management and general $143,955 · fundraising $40,059
-
7 · Other salaries and wages
total $21,535,744 · program services $16,698,221 · management and general $3,624,444 · fundraising $1,213,079
-
8 · Pension plan contributions
total $1,954,101 · program services $1,478,131 · management and general $420,746 · fundraising $55,224
-
9 · Other employee benefits
total $7,221,273 · program services $5,462,354 · management and general $1,554,842 · fundraising $204,077
-
10 · Payroll taxes
total $1,748,988 · program services $1,334,975 · management and general $311,820 · fundraising $102,193
-
11b · Fees: legal
total $39,367 · management and general $39,367
-
11c · Fees: accounting
total $115,777 · management and general $115,777
-
11f · Fees: investment management
total $406,384 · management and general $406,384
-
11g · Fees: other
total $119,194 · management and general $107,275 · fundraising $11,919
-
12 · Advertising and promotion
total $372,698 · program services $324,247 · management and general $48,451
-
13 · Office expenses
total $347,498 · program services $140,610 · management and general $148,703 · fundraising $58,185
-
16 · Occupancy
total $401,988 · program services $339,938 · management and general $49,640 · fundraising $12,410
-
19 · Conferences, conventions and meetings
total $353,489 · program services $318,140 · management and general $28,279 · fundraising $7,070
-
20 · Interest
total $861,077 · program services $861,077
-
22 · Depreciation, depletion and amortization
total $6,008,614 · program services $5,407,753 · management and general $480,689 · fundraising $120,172
-
23 · Insurance
total $592,119 · management and general $580,277 · fundraising $11,842
-
24a · Other expenses: STUDENT SERVICES AND AC
total $4,149,218 · program services $4,149,218
-
24b · Other expenses: EQUIPMENT RENTAL & MAIN
total $3,159,577 · program services $2,772,222 · management and general $324,163 · fundraising $63,192
-
24c · Other expenses: FOOD SERVICES
total $1,404,905 · program services $1,264,415 · management and general $112,392 · fundraising $28,098
-
24d · Other expenses: EARLY CHILDHOOD/SUMMER
total $316,976 · program services $316,976
-
24e · All other expenses
total $1,178,970 · program services $199,882 · management and general $526,602 · fundraising $452,486
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $3,852 · end of year $2,370
-
2 · Savings and temporary cash investments
beginning of year $26,287,248 · end of year $26,147,641
-
3 · Pledges and grants receivable
beginning of year $9,089,729 · end of year $7,726,741
-
4 · Accounts receivable
beginning of year $425,619 · end of year $720,886
-
9 · Prepaid expenses and deferred charges
beginning of year $1,688,809 · end of year $2,137,549
-
10a · Land, buildings and equipment: cost or other basis
$210,516,046
-
10b · Land, buildings and equipment: accumulated depreciation
$71,077,911
-
10c · Land, buildings and equipment, net
beginning of year $125,136,421 · end of year $139,438,135
-
11 · Investments: publicly traded securities
beginning of year $70,468,104 · end of year $78,789,143
-
12 · Investments: other securities
beginning of year $68,065,754 · end of year $60,858,330
-
17 · Accounts payable and accrued expenses
beginning of year $5,325,838 · end of year $4,837,296
-
19 · Deferred revenue
beginning of year $20,535,123 · end of year $20,497,286
-
20 · Tax-exempt bond liabilities
beginning of year $28,407,313 · end of year $27,805,623
-
27 · Net assets without donor restrictions
beginning of year $193,413,561 · end of year $205,914,259
-
28 · Net assets with donor restrictions
beginning of year $53,483,701 · end of year $56,766,331
Mission and programs · 2023
Mission
GREENWICH ACADEMY IS AN INDEPENDENT COLLEGE-PREPARATORY DAY SCHOOL FOR GIRLS AND YOUNG WOMEN THAT SEEKS TO FOSTER EXCELLENCE. FOR MORE INFORMATION SEE SCHEDULE O.ITS MISSION IS TO PROVIDE A CHALLENGING, COMPREHENSIVE EDUCATIONAL EXPERIENCE GROUNDED IN A RIGOROUS LIBERAL ARTS CURRICULUM WITHIN AN INCLUSIVE, DIVERSE COMMUNITY. THE SCHOOL'S OBJECTIVE IS TO DEVELOP GIRLS AND YOUNG WOMEN OF EXCEPTIONAL CHARACTER AND ACHIEVEMENT WHO DEMONSTRATE INDEPENDENCE, RESILIENCE, COURAGE, INTEGRITY AND COMPASSION. WE STRIVE, ABOVE ALL, TO HONOR OUR MOTTO, "TOWARD THE BUILDING OF CHARACTER."
Activities or mission (Part I)
GREENWICH ACADEMY IS AN INDEPENDENT COLLEGE-PREPARATORY DAY SCHOOL FOR GIRLS AND YOUNG WOMEN THAT SEEKS TO FOSTER EXCELLENCE. ITS MISSION IS TO PROVIDE A CHALLENGING, COMPREHENSIVE EDUCATIONAL EXPERIENCE GROUNDED IN A RIGOROUS LIBERAL ARTS CURRICULUM WITHIN AN INCLUSIVE, DIVERSE COMMUNITY. THE SCHOOL'S OBJECTIVE IS TO DEVELOP GIRLS AND YOUNG WOMEN OF EXCEPTIONAL CHARACTER AND ACHIEVEMENT WHO DEMONSTRATE INDEPENDENCE, RESILIENCE, COURAGE, INTEGRITY AND COMPASSION. WE STRIVE, ABOVE ALL, TO HONOR OUR MOTTO, "TOWARD THE BUILDING OF CHARACTER."
-
GREENWICH ACADEMY IS A COLLEGE PREPARATORY DAY SCHOOL SERVING GIRLS IN GRADES PRE-KINDERGARTEN THROUGH GROUP XII. ALL EXPENDITURES FOR COMPENSATION AND OTHER EXPENSES ARE IN SUPPORT OF INSTRUCTIONAL AND INSTITUTIONAL ACTIVITIES. THIS INCLUDES THE INSTRUCTION OF APPROXIMATELY 820 GIRLS BY 220 FULL TIME AND PART TIME FACULTY AND STAFF.
Expenses $48,094,434 · Grants $4,107,267 · Revenue $45,091,215
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Alexa Raether MaddockALEXA RAETHER MADDOCK
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Alexander CaptainALEXANDER CAPTAIN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 5
-
Alexandra Steel ScottALEXANDRA STEEL SCOTT
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Andra Winokur NewmanANDRA WINOKUR NEWMAN
CHAIRMAN
- Total calculated
- $0
- Hours/week
- 15
-
Anne Day ThorpANNE DAY THORP
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Carter Brooks SimondsCARTER BROOKS SIMONDS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Catherine Ohern LyonsCATHERINE OHERN LYONS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Craig W PackerCRAIG W PACKER
TREASURER
- Total calculated
- $0
- Hours/week
- 5
-
Erin CaptainERIN CAPTAIN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Erin DoddsERIN DODDS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Heather Johnson SargentHEATHER JOHNSON SARGENT
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 5
-
Heliane StedenHELIANE STEDEN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
James HoJAMES HO
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Jamie Roach MurrayJAMIE ROACH MURRAY
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Kheri Holland TillmanKHERI HOLLAND TILLMAN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Krissy SchmitzKRISSY SCHMITZ
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Lisa UtzschneiderLISA UTZSCHNEIDER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Mark MaruszewskiMARK MARUSZEWSKI
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Matthew TrainaMATTHEW TRAINA
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Michael S SchaftelMICHAEL S SCHAFTEL
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 5
-
Michelle JohnsonMICHELLE JOHNSON
SECRETARY
- Total calculated
- $0
- Hours/week
- 5
-
Paget MaccollPAGET MACCOLL
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Pamela S PagnaniPAMELA S PAGNANI
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Paul T CappuccioPAUL T CAPPUCCIO
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Rachel Cheeks-GivanRACHEL CHEEKS-GIVAN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Sahara LakeSAHARA LAKE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Suhas DaftuarSUHAS DAFTUAR
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Timothy Van BiesenTIMOTHY VAN BIESEN
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 5
-
Andrea SabitsanaANDREA SABITSANA
CHIEF FINANCIAL OFFICER
- Total calculated
- $629,412
- From this org
- $463,208
- From related orgs
- $0
- Other
- $166,204
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $435,008
- Bonus
- $0
- Other
- $28,200
- Deferred
- $42,500
- Nontaxable benefits
- $123,704
- Filer's total
- $629,412
-
Margaret HazlettMARGARET HAZLETT
HEAD OF SCHOOL (AS OF 07/01/2023)
- Total calculated
- $409,476
- From this org
- $309,898
- From related orgs
- $0
- Other
- $99,578
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $302,748
- Bonus
- $0
- Other
- $7,150
- Deferred
- $30,000
- Nontaxable benefits
- $69,578
- Filer's total
- $409,476
-
Mark FeinerMARK FEINER
ASSOC. HEAD OF SCHOOL
- Total calculated
- $602,111
- From this org
- $476,975
- From related orgs
- $0
- Other
- $125,136
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $448,775
- Bonus
- $0
- Other
- $28,200
- Deferred
- $44,108
- Nontaxable benefits
- $81,028
- Filer's total
- $602,111
-
Rebecca WalkerREBECCA WALKER
ASST. HEAD OF SCHOOL, HEAD OF MIDDLE
- Total calculated
- $493,415
- From this org
- $378,360
- From related orgs
- $0
- Other
- $115,055
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $352,356
- Bonus
- $0
- Other
- $26,004
- Deferred
- $34,027
- Nontaxable benefits
- $81,028
- Filer's total
- $493,415
-
Thomas SullivanTHOMAS SULLIVAN
ASST. HEAD OF SCHOOL, HEAD OF UPPER
- Total calculated
- $487,860
- From this org
- $372,805
- From related orgs
- $0
- Other
- $115,055
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $344,605
- Bonus
- $0
- Other
- $28,200
- Deferred
- $34,027
- Nontaxable benefits
- $81,028
- Filer's total
- $487,860
-
Amy O'Reilly RizziAMY O'REILLY RIZZI
DIRECTOR OF ADVANCEMENT
- Total calculated
- $426,956
- From this org
- $312,428
- From related orgs
- $0
- Other
- $114,528
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $312,428
- Bonus
- $0
- Other
- $0
- Deferred
- $32,500
- Nontaxable benefits
- $82,028
- Filer's total
- $426,956
-
Bobby Walker JrBOBBY WALKER JR
ASST. HEAD FOR COMMUNITY AND STUDENT
- Total calculated
- $317,054
- From this org
- $287,747
- From related orgs
- $0
- Other
- $29,307
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $287,747
- Bonus
- $0
- Other
- $0
- Deferred
- $28,307
- Nontaxable benefits
- $1,000
- Filer's total
- $317,054
-
Jon Ross-WileyJON ROSS-WILEY
HEAD OF LOWER SCHOOL
- Total calculated
- $348,048
- From this org
- $243,975
- From related orgs
- $0
- Other
- $104,073
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $215,775
- Bonus
- $0
- Other
- $28,200
- Deferred
- $23,045
- Nontaxable benefits
- $81,028
- Filer's total
- $348,048
-
Kamele McLarenKAMELE MCLAREN
DIRECTOR OF DEI/PROFESSIONAL GROWTH
- Total calculated
- $257,238
- From this org
- $192,464
- From related orgs
- $0
- Other
- $64,774
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $172,064
- Bonus
- $0
- Other
- $20,400
- Deferred
- $16,984
- Nontaxable benefits
- $47,790
- Filer's total
- $257,238
-
Michelle SummersMICHELLE SUMMERS
DIRECTOR OF FINANCE AND OPERATIONS
- Total calculated
- $288,782
- From this org
- $251,369
- From related orgs
- $0
- Other
- $37,413
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $251,369
- Bonus
- $0
- Other
- $0
- Deferred
- $25,415
- Nontaxable benefits
- $11,998
- Filer's total
- $288,782
-
Donna ByrnesDONNA BYRNES
FORMER DIR. OF ADVANCEMENT
- Total calculated
- $163,860
- From this org
- $163,860
- From related orgs
- $0
- Other
- $0
- Hours/week
- 16
Schedule J breakdown matched by us
- Base
- $163,860
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $0
- Filer's total
- $163,860
-
Molly KingMOLLY KING
HEAD OF SCHOOL (THROUGH 06/30/2023)
- Total calculated
- $1,351,672
- From this org
- $1,104,139
- From related orgs
- $0
- Other
- $247,533
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $675,000
- Bonus
- $417,300
- Other
- $11,839
- Deferred
- $205,683
- Nontaxable benefits
- $41,850
- Filer's total
- $1,351,672
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 · First-class or charter travel
- 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 · Independent compensation consultant
- 3 · Form 990 of other organizations
- 3 · Compensation survey or study
- 3 · Approval by the board or compensation committee
- 7 · Other non-fixed payments
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 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 OCCASIONALLY TRAVELS FIRST CLASS FOR LONGER TRIPS.
- PART I, LINE 1B
- THE GREENWICH ACADEMY PROVIDES ON-CAMPUS HOUSING AS A CONDITION OF EMPLOYMENT FOR THE HEAD OF SCHOOL. THE FAIR VALUE OF THE HOUSING IS INCLUDED AS A NONTAXABLE BENEFIT ON SCHEDULE J, PART II, COLUMN (D). THE CONTRACT ALSO INCLUDES A PROVISION FOR HOUSEKEEPING SERVICES TO MAINTAIN THE HOUSE FOR SPECIAL EVENTS.
- PART I, LINE 7
- THE HEAD OF SCHOOL IS ELIGIBLE AT THE END OF EACH ACADEMIC YEAR BASED UPON THE ACHIEVEMENT OF AGREED UPON GOALS FOR A BONUS TO BE DETERMINED AT THE BOARD'S DISCRETION. BONUSES ARE PAID TO INDIVIDUALS BASED ON PERFORMANCE METRICS. BONUS AMOUNTS ARE INCLUDED IN PART II, COLUMN B(II).
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
- 14 May 2025
- IRS schema version
- 2023v6.0
- Source object
- 202521359349303282
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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