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FAY SCHOOL INC

EIN 04-2103573 SOUTHBOROUGH, MA

Browse the largest nonprofits in Massachusetts

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 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 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 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 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 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'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 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 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 Laquerre

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2
  • Alex Curtis

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    2
  • Laurie Vance

    TREASURER

    Total calculated
    $0
    Hours/week
    2
  • Sara R Mars

    SECRETARY

    Total calculated
    $0
    Hours/week
    2
  • Peter Bauer

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2
  • Melissa Bois

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2
  • Eleanor Brown

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2
  • Brendon Giblin

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2
  • Heather R Girolamo

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2
  • David Harris

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2
  • Jae Hoon Kim

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2
  • Helen Lin

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2
  • Doug Loud

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2
  • Sean Lu

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2
  • Jessica Mooraj

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2
  • William Picardi

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2
  • John 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

Where these grants went next →

Grants received

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.