- Revenue 2024
- $38,921,534
- Expenses 2024
- $38,552,549
Program services were 81.4% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
As filed
- Subsection
- 03
- NTEE code
- B200
- Classification
- 1000
- Street
- 48 MAIN ST
These codes are the IRS's own and are shown exactly as filed. What each one means is in the Business Master File documentation (opens in a new tab).
Mission and programs · 2024
Mission
TO NURTURE EACH CHILD'S POTENTIAL THROUGH A BROAD, BALANCED, AND CHALLENGING PROGRAM THAT ESTABLISHES THE FOUNDATION FOR A MEANINGFUL LIFE.
-
INSTRUCTION AND EDUCATION: FORMAL EDUCATION OF 499 STUDENTS' GRADES K-9 IN CO-ED DAY & BOARDING SETTING. AS A DAY AND BOARDING SCHOOL FOR STUDENTS IN KINDERGARTEN THROUGH GRADE NINE AND AN EARLY LEARNING CENTER FROM AGES 2.9 TO 5, FAY SCHOOL IS A COMMUNITY BUILT ON FIVE CORE VALUES: ACADEMIC EXCELLENCE; HONORABLE CONDUCT; DEDICATED SERVICE; EARNEST EFFORT; AND WELLNESS OF MIND, BODY, AND SPIRIT. WHILE THE SCHOOL HAS GROWN AND EVOLVED SINCE ITS FOUNDING IN 1866, OUR CENTRAL PURPOSE HAS REMAINED CONSTANT. FAY PROVIDES A BROAD AND CHALLENGING PROGRAM THAT EMPOWERS STUDENTS TO DISCOVER THEIR TALENTS, DEVELOP THEIR INTELLECTUAL ABILITIES, ESTABLISH ESSENTIAL ACADEMIC SKILLS AND KNOWLEDGE, AND DEFINE THEIR MORAL CHARACTER. EARNEST EFFORT HAS BEEN EMPHASIZED THROUGH THE SCHOOL'S HISTORY, AS ENSHRINED IN OUR MOTTO, POTERIS MODO VELIS ("YOU CAN IF YOU WILL"). FAY IS DEDICATED TO EDUCATING CHILDREN TO THEIR FULL POTENTIAL IN THE EARLY CHILDHOOD, ELEMENTARY, AND MIDDLE SCHOOL YEARS BY HELPING THEM RECOGNIZE AND DEVELOP THEIR INTELLECTUAL AESTHETIC, PHYSICAL, SOCIAL, AND EMOTIONAL CAPABILITIES. WE TEACH OUR STUDENTS ESSENTIAL, ENDURING SKILLS: TO READ WELL, TO WRITE AND SPEAK CLEARLY AND COHERENTLY, TO REASON SOUNDLY, TO QUESTION THOUGHTFULLY, AND TO STUDY EFFECTIVELY. THESE SKILLS SUPPORT THEIR ABILITY TO LEAD, TO COLLABORATE, TO CREATE, AND TO SOLVE PROBLEMS.LOVE OF LEARNING BRINGS US TOGETHER, AND WE ENCOURAGE OUR STUDENTS TO BE CURIOUS, CREATIVE, AND OPEN TO NEW IDEAS. FAY'S SAFE AND SUPPORTIVE ENVIRONMENT ALLOWS STUDENTS TO TAKE RISKS AND ENCOURAGES THEM TO LEARN FROM MISTAKES, WITHIN THE CONTEXT OF HIGH EXPECTATIONS REGARDING ACADEMIC PERFORMANCE AND ETHICAL CONDUCT. OUR TEACHERS KNOW THEIR STUDENTS AS INDIVIDUALS AND HELP THEM COME TO KNOW THEMSELVES. AS FAY STUDENTS GROW, THEY DEVELOP AN UNDERSTANDING AN ACCEPTANCE OF THEIR OWN CHALLENGES AND STRENGTHS AS LEARNERS.HONESTY, RESPECT, RESPONSIBILITY, EMPATHY, AND KINDNESS INFORM OUR CONDUCT. THE DEVELOPMENT OF MANNERS, CIVILITY, AND INTEGRITY ARE HALLMARKS OF OUR SCHOOL. AT EVERY GRADE LEVEL, WE EMPHASIZE AN OBLIGATION TO HELP ENSURE THE WELL-BEING OF OTHERS. AS A HOME FOR BOARDING STUDENTS FROM MANY CULTURES AND BACKGROUND THROUGHOUT THE UNITED STATES AND AROUND THE WORLD, FAY IS AN INCLUSIVE COMMUNITY THAT RECOGNIZES, RESPECTS, AND CELEBRATES THE FULL RANGE OF HUMAN DIVERSITY. IN ALL OF THESE WAYS, FAY PREPARES OUR STUDENTS TO LEAD PRODUCTIVE AND FULFILLING LIVES THAT MAKE A POSITIVE DIFFERENCE IN THE WORLD.
Expenses $30,206,413 · Grants $4,692,855 · Revenue $28,611,868
-
SUMMER PROGRAMS INCLUDE SUMMER DAY CAMP, AN INTERNATIONAL STUDENT BOARDING ENGLISH LANGUAGE PROGRAM. SUMMER CAMP IS A DYNAMIC, HANDS-ON PROGRAM, FOR CHILDREN AGES THREE THROUGH FIFTEEN. OUR PROGRAM PROVIDES CAMPERS AND STUDENTS WITH AN ENGAGING AND NURTURING ATMOSPHERE THAT ENCOURAGES EXPLORATION, CREATIVITY, AND LASTING CONNECTIONS AMONG CHILDREN AND ADULTS.THE INTERNATIONAL STUDENT BOARDING ENGLISH LANGUAGE PROGRAM MAKES IT POSSIBLE FOR INTERNATIONAL STUDENTS AGED 10-15 TO PARTICIPATE IN THE FAY EXPERIENCE REGARDLESS OF THEIR LEVEL OF ENGLISH PROFICIENCY. IT PROVIDES A MEANINGFUL INTRODUCTION TO FAY FOR STUDENTS ENROLLING FULL TIME IN THE UPCOMING ACADEMIC YEAR AS WELL AS A STAND-ALONE PROGRAM FOR INTERNATIONAL STUDENTS WHO WISH TO FOCUS ON DEVELOPING THEIR ENGLISH SKILLS DURING THE SUMMER MONTHS, WITH THE APPROPRIATE LEVEL OF CHALLENGE AND SUPPORT.
Expenses $1,189,906 · Grants $18,285 · Revenue $1,813,378
As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.
Officers and directors · 2024
As listed in Part VII of the 2024 return, in the order the filer printed them. Each return names its own; this is not a roster the organization keeps with us.
-
Susanna WatersSUSANNA WATERS
HEAD OF SCHOOL
- Total calculated
- $349,050
- From this org
- $251,119
- From related orgs
- $0
- Other
- $97,931
- Hours/week
- 37.5
Schedule J breakdown matched by us
- Base
- $181,649
- Bonus
- $0
- Other
- $69,470
- Deferred
- $29,500
- Nontaxable benefits
- $68,431
- Filer's total
- $349,050
-
Diane ByrneDIANE BYRNE
ASST. HEAD OF SCHOOL FOR OPERATIONS
- Total calculated
- $397,493
- From this org
- $334,053
- From related orgs
- $0
- Other
- $63,440
- Hours/week
- 37.5
Schedule J breakdown matched by us
- Base
- $309,865
- Bonus
- $0
- Other
- $24,188
- Deferred
- $25,719
- Nontaxable benefits
- $37,721
- Filer's total
- $397,493
-
Robert GustavsonROBERT GUSTAVSON
FORMER HEAD OF SCHOOL
- Total calculated
- $864,518
- From this org
- $768,661
- From related orgs
- $0
- Other
- $95,857
- Hours/week
- 37.5
Schedule J breakdown matched by us
- Base
- $316,935
- Bonus
- $0
- Other
- $451,726
- Deferred
- $65,262
- Nontaxable benefits
- $30,595
- Filer's total
- $864,518
-
Elizabeth WhitneyELIZABETH WHITNEY
ASSOCIATE HEAD OF SCHOOL
- Total calculated
- $422,465
- From this org
- $309,029
- From related orgs
- $0
- Other
- $113,436
- Hours/week
- 37.5
Schedule J breakdown matched by us
- Base
- $285,615
- Bonus
- $0
- Other
- $23,414
- Deferred
- $24,480
- Nontaxable benefits
- $88,956
- Filer's total
- $422,465
-
Robert CrawfordROBERT CRAWFORD
DIRECTOR OF ADVANCEMENT
- Total calculated
- $347,675
- From this org
- $244,004
- From related orgs
- $0
- Other
- $103,671
- Hours/week
- 37.5
Schedule J breakdown matched by us
- Base
- $220,230
- Bonus
- $0
- Other
- $23,774
- Deferred
- $19,105
- Nontaxable benefits
- $84,566
- Filer's total
- $347,675
-
Judi Ann O'BrienJUDI ANN O'BRIEN
ASSTISTANT HEAD OF SCHOOL FOR THE EDUCATIONAL PROG
- Total calculated
- $296,455
- From this org
- $265,343
- From related orgs
- $0
- Other
- $31,112
- Hours/week
- 37.5
Schedule J breakdown matched by us
- Base
- $242,152
- Bonus
- $0
- Other
- $23,191
- Deferred
- $19,584
- Nontaxable benefits
- $11,528
- Filer's total
- $296,455
-
John SumnerJOHN SUMNER
HEAD OF UPPER SCHOOL
- Total calculated
- $260,241
- From this org
- $173,730
- From related orgs
- $0
- Other
- $86,511
- Hours/week
- 37.5
Schedule J breakdown matched by us
- Base
- $157,088
- Bonus
- $0
- Other
- $16,642
- Deferred
- $13,448
- Nontaxable benefits
- $73,063
- Filer's total
- $260,241
-
Peter FeareyPETER FEAREY
DIRECTOR OF INNOVATION
- Total calculated
- $248,716
- From this org
- $231,906
- From related orgs
- $0
- Other
- $16,810
- Hours/week
- 37.5
Schedule J breakdown matched by us
- Base
- $210,120
- Bonus
- $0
- Other
- $21,786
- Deferred
- $16,810
- Nontaxable benefits
- $0
- Filer's total
- $248,716
-
Ann LaquerreANN LAQUERRE
PRESIDENT
- Total calculated
- $0
- Hours/week
- 2
-
Alex CurtisALEX CURTIS
VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 2
-
Laurie VanceLAURIE VANCE
TREASURER
- Total calculated
- $0
- Hours/week
- 2
-
Sara R MarsSARA R MARS
SECRETARY
- Total calculated
- $0
- Hours/week
- 2
-
Peter BauerPETER BAUER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Melissa BoisMELISSA BOIS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Eleanor BrownELEANOR BROWN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Brendon GiblinBRENDON GIBLIN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Heather R GirolamoHEATHER R GIROLAMO
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
David HarrisDAVID HARRIS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Jae Hoon KimJAE HOON KIM
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Helen LinHELEN LIN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Doug LoudDOUG LOUD
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Sean LuSEAN LU
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Jessica MoorajJESSICA MOORAJ
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
William PicardiWILLIAM PICARDI
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
John SimonJOHN SIMON
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
The first 25 listed. 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. Earlier years are each on their own filing page.
Filings
-
2024
- Revenue
- $38,921,534
- Expenses
- $38,552,549
- Contributions
- $4,723,235
- Grants paid
- $4,711,140
-
2023
- Revenue
- $35,127,973
- Expenses
- $35,714,637
- Contributions
- $3,776,809
- Grants paid
- $4,120,626
-
2022
- Revenue
- $34,224,651
- Expenses
- $32,744,817
- Contributions
- $2,631,300
- Grants paid
- $3,997,409
The four totals the IRS asks for on Part I of the Form 990, as filed. A dash means the figure was not present on the return — not that it was zero.
Other returns filed
-
2024 · 990-T
- Revenue
- not reported
- Expenses
- not reported
- Assets (EOY)
- not reported
-
2023 · 990-T
- Revenue
- not reported
- Expenses
- not reported
- Assets (EOY)
- not reported
-
2022 · 990-T
- Revenue
- not reported
- Expenses
- not reported
- Assets (EOY)
- not reported
-
2021 · 990
- Revenue
- $32,779,683
- Expenses
- $29,761,079
- Assets (EOY)
- $128,787,216
-
2021 · 990-T
- Revenue
- not reported
- Expenses
- not reported
- Assets (EOY)
- not reported
-
2020 · 990
- Revenue
- $32,644,090
- Expenses
- $28,436,910
- Assets (EOY)
- $132,674,309
-
2020 · 990-T
- Revenue
- not reported
- Expenses
- not reported
- Assets (EOY)
- not reported
-
2019 · 990
- Revenue
- $28,014,225
- Expenses
- $29,980,893
- Assets (EOY)
- $107,158,040
-
2019 · 990
- Revenue
- $28,014,225
- Expenses
- $29,980,893
- Assets (EOY)
- $107,158,040
-
2018 · 990
- Revenue
- $29,894,835
- Expenses
- $29,851,163
- Assets (EOY)
- $112,743,659
Nonprofiteer parses Forms 990, 990-EZ and 990-PF, in a window of recent tax years. These returns are recorded from the IRS e-file index, so their figures were extracted by that index rather than read from the return here — treat them as a different source from the filings above, not as more of the same record. A dash means the index carries no figure; Form 990-T listings carry none at all. Showing the 10 most recent; the API carries the rest.
Grants made
-
TOWN OF SOUTHBOROUGH
$20,000
2024 PURCHASE OF A POLICE CRUISER
Grants received
-
DONOR ADVISED CHARITABLE GIVING
$150,180
2022 EDUCATION
-
2024 For grant recipient's exempt purposes
-
2023 For grant recipient's exempt purposes
-
$60,297
2023 Matching Gifts
-
DONOR ADVISED CHARITABLE GIVING
$51,100
2024 EDUCATION
-
2022 For grant recipient's exempt purposes
-
2023 PROGRAM OPERATIONS
-
2024 GENERAL SUPPORT
-
2023 GENERAL SUPPORT
-
2022 GENERAL SUPPORT
The 10 largest by cash amount. The API serves every itemized grant.
Other IRS files
Auto-Revocation List
Not listed. The IRS publishes this list for organizations whose exemption was automatically revoked for failing to file for three consecutive years.
Publication 78
Listed as of 11 November 2026, under deductibility PC.
These are two separate IRS files on two separate schedules, shown as published and not reconciled with each other. Neither is a statement about whether a contribution is deductible today: 19,245 organizations appear in Publication 78 while the IRS's own revocation file lists them as currently revoked, more than half of those revoked before 2019. Absence from Publication 78 is evidence of nothing, and presence is not evidence either. Verify current status with the IRS before relying on it.
What this page reflects
The registration facts above come from the IRS Business Master File published 9 November 2026 and read 9 November 2026, for every organization at once. Returns through tax year 2024, the newest we have parsed for this organization.