Totals
- Total revenue
- $58,642,568
- Total expenses
- $58,076,102
- Contributions and grants received
- $12,558,526
- Grants paid
- $6,737,369
- Program service revenue
- $41,307,072
- Investment income
- $4,538,816
- Other revenue
- $238,154
- Total assets, end of year
- $347,480,647
- Total liabilities, end of year
- $58,352,786
- Net assets or fund balances, end of year
- $289,127,861
- Program services expenses (Part IX)
- $48,064,069
- Management and general expenses
- $6,073,147
- Fundraising expenses
- $3,938,886
- Program service expenses (Part III)
- $48,064,069
Program services were 82.8% 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
$12,558,526
-
1g · Noncash contributions included above
$1,005,526
-
2a · Program service revenue: TUITION & FEES
total $36,473,375 · related or exempt $36,473,375
-
2b · Program service revenue: SUMMER CAMP
total $4,594,496 · related or exempt $4,594,496
-
2c · Program service revenue: ART & MUSIC FEES
total $135,419 · related or exempt $135,419
-
2d · Program service revenue: ADMISSIONS APPLICATIONS
total $61,081 · related or exempt $61,081
-
2e · Program service revenue: SALE OF TEXTBOOKS & RELATED ITEMS
total $21,553 · related or exempt $21,553
-
2f · All other program service revenue
total $21,148 · related or exempt $21,148
-
3 · Investment income
total $3,156,326 · unrelated business $378,350 · excluded $2,777,976
-
6a · Gross rents
real property $145,450
-
6b · Less rental expenses
real property $127,293
-
6c · Rental income or loss
real property $18,157
-
6d · Net rental income or loss
total $18,157 · unrelated business $49,750 · excluded -$31,593
-
7a · Gross sales of assets other than inventory
securities $59,060,038
-
7b · Less cost or other basis and sales expenses
securities $57,677,548
-
7c · Gain or loss
securities $1,382,490
-
7d · Net gain or loss
total $1,382,490 · excluded $1,382,490
-
10a · Gross sales of inventory
$56,041
-
10b · Cost of goods sold
$47,739
-
10c · Net income from sales of inventory
total $8,302 · excluded $8,302
-
11a · Other revenue: CAFE REVENUES
total $91,655 · excluded $91,655
-
11b · Other revenue: SERVICES TO THIRD PARTIES
total $34,238 · unrelated business $34,238
-
11c · Other revenue: FINANCE CHARGE INCOME
total $9,165 · excluded $9,165
-
11d · All other revenue
total $76,637 · related or exempt $76,637
-
11e · Other revenue, total
$211,695
Functional expenses
Part IX, the statement of functional expenses.
-
2 · Grants to domestic individuals
total $6,737,369 · program services $6,737,369
-
5 · Compensation of officers, directors and key employees
total $2,083,733 · program services $522,276 · management and general $1,007,585 · fundraising $553,872
-
7 · Other salaries and wages
total $20,776,227 · program services $18,386,532 · management and general $1,189,363 · fundraising $1,200,332
-
8 · Pension plan contributions
total $2,449,388 · program services $2,047,686 · management and general $230,608 · fundraising $171,094
-
9 · Other employee benefits
total $3,058,119 · program services $2,508,919 · management and general $346,933 · fundraising $202,267
-
10 · Payroll taxes
total $3,643,348 · program services $2,628,914 · management and general $312,815 · fundraising $701,619
-
11b · Fees: legal
total $7,873 · management and general $7,873
-
11c · Fees: accounting
total $83,515 · management and general $83,515
-
11f · Fees: investment management
total $1,763,299 · management and general $1,763,299
-
11g · Fees: other
total $1,726,356 · program services $1,566,283 · management and general $160,073
-
12 · Advertising and promotion
total $191,410 · program services $76,564 · management and general $57,423 · fundraising $57,423
-
13 · Office expenses
total $1,774,135 · program services $1,518,941 · management and general $231,323 · fundraising $23,871
-
14 · Information technology
total $663,535 · program services $193,396 · management and general $419,669 · fundraising $50,470
-
16 · Occupancy
total $4,769,039 · program services $4,619,984 · management and general $99,562 · fundraising $49,493
-
20 · Interest
total $650,767 · program services $650,767
-
22 · Depreciation, depletion and amortization
total $4,666,379 · program services $4,517,394 · management and general $99,515 · fundraising $49,470
-
24a · Other expenses: DEVELOPMENT EXPENSE
total $843,431 · fundraising $843,431
-
24b · Other expenses: ATHLETIC EXPENSE
total $528,656 · program services $528,656
-
24c · Other expenses: PROFESSIONAL DEVELOPMEN
total $521,706 · program services $477,291 · management and general $20,969 · fundraising $23,446
-
24d · Other expenses: CAMP EXPENSE
total $419,405 · program services $419,405
-
24e · All other expenses
total $718,412 · program services $663,692 · management and general $42,622 · fundraising $12,098
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $15,507,708 · end of year $5,001,133
-
2 · Savings and temporary cash investments
beginning of year $7,323,199 · end of year $22,654,585
-
3 · Pledges and grants receivable
beginning of year $1,476,349 · end of year $2,573,903
-
4 · Accounts receivable
beginning of year $14,851,505 · end of year $16,797,688
-
8 · Inventories for sale or use
beginning of year $124,802 · end of year $119,228
-
9 · Prepaid expenses and deferred charges
beginning of year $990,613 · end of year $871,039
-
10a · Land, buildings and equipment: cost or other basis
$156,739,963
-
10b · Land, buildings and equipment: accumulated depreciation
$64,535,357
-
10c · Land, buildings and equipment, net
beginning of year $96,054,472 · end of year $92,204,606
-
11 · Investments: publicly traded securities
beginning of year $83,158,244 · end of year $102,757,338
-
12 · Investments: other securities
beginning of year $108,511,922 · end of year $98,653,579
-
15 · Other assets
beginning of year $0 · end of year $5,847,548
-
17 · Accounts payable and accrued expenses
beginning of year $2,505,493 · end of year $2,626,613
-
19 · Deferred revenue
beginning of year $29,891,312 · end of year $31,179,228
-
20 · Tax-exempt bond liabilities
beginning of year $23,677,676 · end of year $23,281,757
-
25 · Other liabilities
beginning of year $1,300,029 · end of year $1,265,188
-
27 · Net assets without donor restrictions
beginning of year $123,945,153 · end of year $129,381,289
-
28 · Net assets with donor restrictions
beginning of year $146,679,151 · end of year $159,746,572
Mission and programs · 2022
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 - 629 STUDENTS, 137 MEMBERS OF FACULTY. FINANCIAL AID IS GRANTED.
Expenses $42,686,876 · Grants $6,737,369 · Revenue $36,699,083
-
NOBLES DAY CAMP: 8 WEEK PROGRAM FOR THE GREATER BOSTON COMMUNITY - 3,148 CAMPERS, 332 STAFF. CAMPERSHIP GRANTED.
Expenses $4,692,716 · Revenue $4,594,496
-
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 $684,477 · Revenue $90,130
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
ABBEYGALE ANDERSON
TRUSTEE (FROM 7/1/23)
- Total calculated
- $0
- Hours/week
- 5
-
DEAN ATHANASIA
TRUSTEE (THRU 6/15/23)
- Total calculated
- $0
- Hours/week
- 5
-
JESSICA BAYLOR
TRUSTEE (FROM 7/1/23)
- Total calculated
- $0
- Hours/week
- 5
-
KEVIN CALLAGHAN
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
-
STACY COWAN
TRUSTEE (THRU 6/15/23)
- Total calculated
- $0
- Hours/week
- 5
-
STEVE ELLIS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 5
-
DAVID FRANKEL
TRUSTEE
- Total calculated
- $0
- Hours/week
- 5
-
RANJAY GULATI
TRUSTEE
- Total calculated
- $0
- Hours/week
- 5
-
CLINTON HESS
TRUSTEE (FROM 7/1/23)
- Total calculated
- $0
- Hours/week
- 5
-
ANDY JANFAZA
TRUSTEE
- Total calculated
- $0
- Hours/week
- 5
-
SENAM KUMAHIA
TRUSTEE
- Total calculated
- $0
- Hours/week
- 5
-
LAURA MALKIN
TRUSTEE (FROM 7/1/23)
- Total calculated
- $0
- Hours/week
- 5
-
BRIAN O'NEILL
TRUSTEE (THRU 6/15/23)
- Total calculated
- $0
- Hours/week
- 5
-
ROBERT PINDERHUGHES
TRUSTEE (THRU 6/15/23)
- Total calculated
- $0
- Hours/week
- 5
-
JANET RAPELYE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 5
-
DAVID RYAN
TRUSTEE (THRU 6/15/23)
- Total calculated
- $0
- Hours/week
- 5
-
TOM SARGENT
TRUSTEE (FROM 7/1/23)
- Total calculated
- $0
- Hours/week
- 5
-
JEFF SCHWARTZ
TRUSTEE
- Total calculated
- $0
- Hours/week
- 5
-
STACY SCOTT
TRUSTEE (FROM 7/1/23)
- Total calculated
- $0
- Hours/week
- 5
-
JENNIFER SEEMAN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 5
-
JOHN STEPHENSON
TRUSTEE
- Total calculated
- $0
- Hours/week
- 5
-
MONICA STEVENSON
TRUSTEE (THRU 6/15/23)
- Total calculated
- $0
- Hours/week
- 5
-
APRIL WATSON
TRUSTEE
- Total calculated
- $0
- Hours/week
- 5
-
JOHN M MONTGOMERY
PRESIDENT
- Total calculated
- $0
- Hours/week
- 5
-
JEFF PATTERSON
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
- $1,114,732
- From this org
- $835,186
- From related orgs
- $0
- Other
- $279,546
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $586,623
- Bonus
- $1,500
- Other
- $247,063
- Deferred
- $116,257
- Nontaxable benefits
- $163,289
- Filer's total
- $1,114,732
-
JOHN T GIFFORD
ASSISTANT HEAD OF SCHOOL
- Total calculated
- $430,682
- From this org
- $305,348
- From related orgs
- $0
- Other
- $125,334
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $292,506
- Bonus
- $3,000
- Other
- $9,842
- Deferred
- $33,550
- Nontaxable benefits
- $91,784
- Filer's total
- $430,682
-
STEPHEN M GINSBERG
CHIEF FIN. & OPERATING OFFICER
- Total calculated
- $399,357
- From this org
- $334,924
- From related orgs
- $0
- Other
- $64,433
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $322,529
- Bonus
- $3,000
- Other
- $9,395
- Deferred
- $33,550
- Nontaxable benefits
- $30,883
- Filer's total
- $399,357
-
GEORGE MALEY
CHIEF ADVANCEMENT OFFICER
- Total calculated
- $444,587
- From this org
- $274,549
- From related orgs
- $0
- Other
- $170,038
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $261,763
- Bonus
- $3,000
- Other
- $9,786
- Deferred
- $30,397
- Nontaxable benefits
- $139,641
- Filer's total
- $444,587
-
JENNIFER HINES
DEAN OF ENROLLMENT MANAGEMENT
- Total calculated
- $289,446
- From this org
- $256,242
- From related orgs
- $0
- Other
- $33,204
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $255,699
- Bonus
- $0
- Other
- $543
- Deferred
- $9,084
- Nontaxable benefits
- $24,120
- Filer's total
- $289,446
-
MICHAEL DENNING
HEAD OF UPPER SCHOOL
- Total calculated
- $275,984
- From this org
- $210,856
- From related orgs
- $0
- Other
- $65,128
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $205,441
- Bonus
- $3,000
- Other
- $2,415
- Deferred
- $24,420
- Nontaxable benefits
- $40,708
- Filer's total
- $275,984
-
MARK SPENCE
DEAN OF STUDENT ENGAGEMENT
- Total calculated
- $205,157
- From this org
- $183,856
- From related orgs
- $0
- Other
- $21,301
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $179,927
- Bonus
- $3,000
- Other
- $929
- Deferred
- $19,007
- Nontaxable benefits
- $2,294
- Filer's total
- $205,157
-
EMILY PARKER
CAMP DIRECTOR
- Total calculated
- $201,509
- From this org
- $166,816
- From related orgs
- $0
- Other
- $34,693
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $159,300
- Bonus
- $3,000
- Other
- $4,516
- Deferred
- $18,026
- Nontaxable benefits
- $16,667
- Filer's total
- $201,509
-
LAURA BISHOP
CONTROLLER
- Total calculated
- $200,871
- From this org
- $171,794
- From related orgs
- $0
- Other
- $29,077
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $166,251
- Bonus
- $3,000
- Other
- $2,543
- Deferred
- $18,403
- Nontaxable benefits
- $10,674
- Filer's total
- $200,871
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
- 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
- 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 THE SCHOOL UNDER IRC 457(F). THE PLAN FOR THE HEAD OF THE 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. $235,353 BECAME VESTED ON JUNE 30, 2022 AND IT IS REPORTED ON SCHEDULE J, PART II, COLUMN B(III). THE EMPLOYER CONTRIBUTION FOR THE YEARS ENDED AUGUST 31, 2023 AND 2022, TOTALED $71,794 AND $53,735, RESPECTIVELY. THE EMPLOYER CONTRIBUTION OF $62,207 TO THE 457(F) PLAN FOR THE CALENDAR YEAR 2022 IS RECORDED ON SCHEDULE J, PART II, COLUMN C. THE DEFERRED COMPENSATION OBLIGATION TOTALED $71,794 AND $8,626 AS OF AUGUST 31, 2023 AND 2022, RESPECTIVELY AND IS INCLUDED IN ACCRUED LIABILITIES.
- PART I, LINE 7
- THE SCHOOL PROVIDED BONUSES TO ITS FACULTY. THESE BONUSES WERE DETERMINED UNDER THE DISCRETION OF THE BOARD.
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
- 2022
- Filed
- 12 July 2024
- IRS schema version
- 2022v5.0
- Source object
- 202421949349301602
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