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EPISCOPAL ACADEMY

EIN 23-1370500 NEWTOWN SQ, PA

Revenue 2024
$81,052,215
Expenses 2024
$63,768,580

Program services were 72.1% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

As filed

Subsection
03
NTEE code
B200
Classification
2000
Street
1785 BISHOP WHITE DR

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

CHALLENGING AND NURTURING MIND, BODY, AND SPIRIT, WE INSPIRE BOYS AND GIRLS TO LEAD LIVES OF PURPOSE, FAITH, AND INTEGRITY.

Activities or mission (Part I)

A CO-EDUCATIONAL INDEPENDENT DAY SCHOOL FOR GRADES PRE-K THROUGH TWELVE.

  • THE EPISCOPAL ACADEMY IS AN INDEPENDENT, CO-EDUCATIONAL DAY SCHOOL LOCATED IN NEWTOWN SQUARE, PENNSYLVANIA. ITS CURRICULUM IS COLLEGE PREPARATORY AND INCLUDES GRADES PRE-KINDERGARTEN THROUGH TWELVE. THE ENROLLMENT AT THE ACADEMY IS APPROXIMATELY 1,279 STUDENTS. THE SCHOOL PARTICIPATES IN COMMUNITY SERVICE WORK THAT EXEMPLIFIES THE SCHOOL'S MISSION. THE EPISCOPAL ACADEMY GREATLY VALUES DIVERSITY OF ALL KINDS, INCLUDING RACIAL AND ECONOMIC. TO HELP ACHIEVE THIS DIVERSITY, APPROXIMATELY $9.66 MILLION OF NEED-BASED FINANCIAL AID IS GRANTED TO FAMILIES EACH YEAR IN ORDER TO MAKE IT POSSIBLE FOR CHILDREN TO ATTEND THE SCHOOL. APPROXIMATELY 24% OF THE STUDENT POPULATION IS AWARDED FINANCIAL AID. ON AVERAGE, THIS AWARD IS APPROXIMATELY 88% OF THE AVERAGE TUITION.

    Expenses $45,995,205 · Grants $10,710,673 · Revenue $51,443,857

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.

  • DR THOMAS J LOCKE

    HEAD OF SCHOOL

    Total calculated
    $1,069,237
    From this org
    $769,596
    From related orgs
    $0
    Other
    $299,641
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $769,596
    Bonus
    $0
    Other
    $0
    Deferred
    $134,102
    Nontaxable benefits
    $165,539
    Filer's total
    $1,069,237

  • lawrence capuzzi

    chief financial officer

    Total calculated
    $381,279
    From this org
    $337,835
    From related orgs
    $0
    Other
    $43,444
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $337,835
    Bonus
    $0
    Other
    $0
    Deferred
    $24,395
    Nontaxable benefits
    $19,049
    Filer's total
    $381,279

  • christopher torino

    assistant head of school

    Total calculated
    $372,285
    From this org
    $340,186
    From related orgs
    $0
    Other
    $32,099
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $340,186
    Bonus
    $0
    Other
    $0
    Deferred
    $20,899
    Nontaxable benefits
    $11,200
    Filer's total
    $372,285

  • jennifer fifer

    director of advancement

    Total calculated
    $296,344
    From this org
    $260,215
    From related orgs
    $0
    Other
    $36,129
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $260,215
    Bonus
    $0
    Other
    $0
    Deferred
    $18,514
    Nontaxable benefits
    $17,615
    Filer's total
    $296,344

  • mark notaro

    chief operating officer

    Total calculated
    $273,736
    From this org
    $210,576
    From related orgs
    $0
    Other
    $63,160
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $210,576
    Bonus
    $0
    Other
    $0
    Deferred
    $15,420
    Nontaxable benefits
    $47,740
    Filer's total
    $273,736

  • michael letts

    head of upper school

    Total calculated
    $237,456
    From this org
    $211,699
    From related orgs
    $0
    Other
    $25,757
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $211,699
    Bonus
    $0
    Other
    $0
    Deferred
    $15,027
    Nontaxable benefits
    $10,730
    Filer's total
    $237,456

  • Laurie Piette

    head of Middle school

    Total calculated
    $232,875
    From this org
    $211,617
    From related orgs
    $0
    Other
    $21,258
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $211,617
    Bonus
    $0
    Other
    $0
    Deferred
    $15,068
    Nontaxable benefits
    $6,190
    Filer's total
    $232,875

  • elizabeth A Corrigan

    Chair

    Total calculated
    $0
    Hours/week
    3

  • Robert R Corrato

    Vice Chair

    Total calculated
    $0
    Hours/week
    3

  • ann t Semmer

    vice Chair

    Total calculated
    $0
    Hours/week
    3

  • j Richard Leaman III

    Vice Chair

    Total calculated
    $0
    Hours/week
    3

  • Calvin W Schmidt

    vice chair

    Total calculated
    $0
    Hours/week
    3

  • amachie Ackah

    secretary

    Total calculated
    $0
    Hours/week
    3

  • julieann g shanahan

    treasurer

    Total calculated
    $0
    Hours/week
    3

  • sandra baldino

    trustee

    Total calculated
    $0
    Hours/week
    3

  • Alexa R Buckley

    trustee

    Total calculated
    $0
    Hours/week
    3

  • John S Buckley Jr

    Trustee

    Total calculated
    $0
    Hours/week
    3

  • Warren I Claytor

    Trustee

    Total calculated
    $0
    Hours/week
    3

  • david r Dugery

    Trustee

    Total calculated
    $0
    Hours/week
    3

  • rev canon daniel gp gutierrez

    Ex Officio

    Total calculated
    $0
    Hours/week
    3

  • noushin heidary

    Trustee

    Total calculated
    $0
    Hours/week
    3

  • joanne f hopkins

    Trustee

    Total calculated
    $0
    Hours/week
    3

  • William L Lo

    Trustee

    Total calculated
    $0
    Hours/week
    3

  • christopher k mchugh

    Trustee

    Total calculated
    $0
    Hours/week
    3

  • robert s mcmenamin

    Trustee

    Total calculated
    $0
    Hours/week
    3

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
    $81,052,215
    Expenses
    $63,768,580
    Contributions
    $18,090,025
    Grants paid
    $10,710,673
  • 2023
    Revenue
    $74,753,498
    Expenses
    $60,864,819
    Contributions
    $12,460,366
    Grants paid
    $9,779,333
  • 2022
    Revenue
    $70,693,752
    Expenses
    $57,548,966
    Contributions
    $20,039,728
    Grants paid
    $8,986,092

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
    $65,492,381
    Expenses
    $57,477,386
    Assets (EOY)
    $285,908,230

  • 2021 · 990-T

    Revenue
    not reported
    Expenses
    not reported
    Assets (EOY)
    not reported

  • 2020 · 990

    Revenue
    $56,548,486
    Expenses
    $52,796,713
    Assets (EOY)
    $290,673,894

  • 2020 · 990-T

    Revenue
    not reported
    Expenses
    not reported
    Assets (EOY)
    not reported

  • 2019 · 990

    Revenue
    $57,388,328
    Expenses
    $52,986,794
    Assets (EOY)
    $269,313,676

  • 2018 · 990

    Revenue
    $61,333,922
    Expenses
    $51,520,930
    Assets (EOY)
    $266,352,093

  • 2017 · 990

    Revenue
    $51,712,883
    Expenses
    $48,621,897
    Assets (EOY)
    $249,582,612

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

No itemized grants to organizations. Schedule I is filed only by organizations that granted more than $5,000 to a recipient, so most filers have none.

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 13 October 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 13 October 2026 and read 29 October 2026, for every organization at once. Returns through tax year 2024, the newest we have parsed for this organization.