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THE FAY SCHOOL INC

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Public IRS 990 nonprofit record

THE FAY SCHOOL INC

EIN 04-2103573 · Education (B200)

What they do

to NURTURE EACH CHILDS POTENTIAL THROUGH A BROAD, BALANCED, and CHALLENGING PROGRAM THAT ESTABLISHES THE FOUNDATION for A MEANINGFUL LIFE.

Before you give

Are they doing good?

Easy charity check
Good signs so far

The public paperwork has several good signs. Now check whether the charity can show who it helped.

Here is the honest answer: A tax form shows money and paperwork. It cannot prove that people, animals, or the community were truly helped.

Good signs we looked for

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders29 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

$99.05spent for every $100 of revenueRevenue covered expenses this year.
$16.30of every $100 spent went to management and office costsThis number alone does not tell us how much good they did.
$3.45in assets for every $1 spent this yearSome assets cannot be spent right away.
12.1%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

  1. Who did you help? Ask for a recent story or report that shows real results.
  2. What will my money do? Ask exactly what your gift will pay for.
  3. Is this really the charity? Give only through its official website or confirmed phone number.

Pay context: The highest compensation shown in this filing is $864,518 for ROBERT GUSTAVSON (FORMER HEAD OF SCHOOL). Compare pay with organizations of similar size and complexity.

Bottom line: Good paperwork is a good sign—not proof. The best answer comes when the charity can show what it changed, who it helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

Money in and money out

Revenue$38,921,534
Expenses$38,552,549
Annual surplus $368,985 Revenue was higher than expenses for this filing year.

Selected spending reported on the 990

Each amount is compared with total expenses separately. These categories can overlap, so they should not be added together as a pie chart.

Management and general$6,294,799 · 16.3% of expenses
Grants paid$20,000 · 0.1% of expenses
Reported executive compensation (total)$982,368 · 2.5% of expenses
See all reported dollar amounts
Revenue$38,921,534
Expenses$38,552,549
Assets$133,013,098
Income$59,610,798
Contributions$4,723,235
Grants given$20,000
Average grant$20,000
Management and general$6,294,799
Executive compensation (total)$982,368
Stocks and bonds$46,466,014
Accounting fees$52,457
Investing fees$108,172
People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation
ROBERT GUSTAVSONFORMER HEAD OF SCHOOL · 38 hrs/week $864,518Base $768,661 · Other $95,857
ELIZABETH WHITNEYASSOCIATE HEAD OF SCHOOL · 38 hrs/week $422,465Base $309,029 · Other $113,436
DIANE BYRNEASST. HEAD OF SCHOOL FOR OPERATIONS · 38 hrs/week $397,493Base $334,053 · Other $63,440
SUSANNA WATERSHEAD OF SCHOOL · 38 hrs/week $349,050Base $251,119 · Other $97,931
ROBERT CRAWFORDDIRECTOR OF ADVANCEMENT · 38 hrs/week $347,675Base $244,004 · Other $103,671
JUDI ANN OBRIENASSTISTANT HEAD OF SCHOOL FOR THE EDUCATIONAL PROG · 38 hrs/week $296,455Base $265,343 · Other $31,112
JOHN SUMNERHEAD OF UPPER SCHOOL · 38 hrs/week $260,241Base $173,730 · Other $86,511
PETER FEAREYDIRECTOR OF INNOVATION · 38 hrs/week $248,716Base $231,906 · Other $16,810

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (29)

ROBERT GUSTAVSONFORMER HEAD OF SCHOOL

ELIZABETH WHITNEYASSOCIATE HEAD OF SCHOOL

DIANE BYRNEASST. HEAD OF SCHOOL FOR OPERATIONS

SUSANNA WATERSHEAD OF SCHOOL

ROBERT CRAWFORDDIRECTOR OF ADVANCEMENT

JUDI ANN OBRIENASSTISTANT HEAD OF SCHOOL FOR THE EDUCATIONAL PROG

JOHN SUMNERHEAD OF UPPER SCHOOL

PETER FEAREYDIRECTOR OF INNOVATION

JEAN SUNGTRUSTEE

WILLIAM PICARDITRUSTEE

SEAN LUTRUSTEE

SARA R MARSSECRETARY

PETER BAUERTRUSTEE

MELISSA BOISTRUSTEE

LAURIE VANCETREASURER

JOHN SIMONTRUSTEE

JESSICA MOORAJTRUSTEE

ALEX CURTISVICE PRESIDENT

JAE HOON KIMTRUSTEE

HELEN LINTRUSTEE

HEATHER R GIROLAMOTRUSTEE

GILBERT ZAWAIRATRUSTEE

FAITH WALLACE-GADSDENTRUSTEE

ELEANOR BROWNTRUSTEE

DOUG LOUDTRUSTEE

DAVID HARRISTRUSTEE

BRENDON GIBLINTRUSTEE

ARTHUR TINGTRUSTEE

ANN LAQUERREPRESIDENT

About this charity

Recognized since
January 1924
Location
48 MAIN STREET, SOUTHBOROUGH, MA 017721595
County
Worcester
In care of
DIANE BYRNE
Primary officer
DIANE BYRNE, ASS'T HEAD FOR FINANCE AND OPS

How to reach them

Filing and classification

Latest tax year
2024
Tax period began
July 1, 2024
Return type
990
Tax preparer
CLIFTONLARSONALLEN
NTEE classification
Education (B200)
IRS tax category
Elementary and Secondary Schools
Grant-giving organization
Yes

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About this report: Information comes from public nonprofit records and may show the latest filing available.

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