TRUSTEES OF PHILLIPS ACADEMY Charity Report

Public IRS 990 nonprofit record

TRUSTEES OF PHILLIPS ACADEMY

EIN 04-2103579 · Education (B250)

What they do

SEE SCHEDULE O

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $78.70 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

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 explanation is very short. Ask what work they really do.

They name their leaders36 people are listed in the latest report.

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

Money made simple

65.25%of revenue went to mission work78.7% of expenses · Program services

7.08%of revenue went to fundraising8.5% of expenses

$82.93spent for every $100 of revenueRevenue covered expenses this year.

10.60%of revenue went to management and office costs12.8% of expenses

$12.09in assets for every $1 spent this yearSome assets cannot be spent right away.

16.7%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
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 $1,205,089 for KIRSTEN A GLANTZ (CHIEF INVESTMENT OFFICER). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was 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.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$207,674,447

Mission workProgram services$135,504,71065.25% of revenue78.7% of expenses

ManagementOffice and general costs$22,008,02910.60% of revenue12.8% of expenses

FundraisingAsking for donations$14,713,0657.08% of revenue8.5% of expenses

Revenue left after expensesReported annual surplus$35,448,64317.07% of revenueShown in gray on the chart

Total expenses$172,225,80482.93% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2024CurrentExpense mix: 78.7% mission · 12.8% management · 8.5% fundraisingTotal expenses: 82.93% of revenue

2023Expense mix: 78.6% mission · 13.1% management · 8.4% fundraisingTotal expenses: 77.86% of revenue

2022Expense mix: 78.5% mission · 12.9% management · 8.6% fundraisingTotal expenses: 80.71% of revenue

2021Expense mix: 77.2% mission · 14.5% management · 8.3% fundraisingTotal expenses: 59.18% of revenue

2020Expense mix: 78.2% mission · 14.0% management · 7.8% fundraisingTotal expenses: 67.55% of revenue

2019Expense mix: 80.4% mission · 11.5% management · 8.2% fundraisingTotal expenses: 56.43% of revenue

2018Expense mix: 78.2% mission · 13.5% management · 8.3% fundraisingTotal expenses: 64.99% of revenue

2017Expense mix: 78.2% mission · 12.7% management · 9.1% fundraisingTotal expenses: 68.62% of revenue

Money in and money out

Revenue$207,674,447

Expenses$172,225,804

Annual surplus $35,448,643 Revenue was higher than expenses for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$135,504,710 · 78.7% of expenses

Management and office costs$22,008,029 · 12.8% of expenses

Fundraising$14,713,065 · 8.5% of expenses

See all reported dollar amounts

Revenue$207,674,447

Expenses$172,225,804

Assets$2,082,564,322

Income$576,087,136

Contributions$34,746,955

Mission work (program services)$135,504,710

Fundraising$14,713,065

Grants given$3,769,112

Average grant$235,570

Management and general$22,008,029

Stocks and bonds$277,549,354

Accounting fees$282,324

Investing fees$981,797

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

KIRSTEN A GLANTZCHIEF INVESTMENT OFFICER · 55 hrs/week $1,205,089Base $1,118,162 · Other $86,927

RAYNARD S KINGTONHEAD OF SCHOOL / TRUSTEE · 60 hrs/week $1,154,625Base $907,895 · Other $246,730

THOMAS P LOCKERBYSECRETARY OF THE ACADEMY · 55 hrs/week $664,798Base $543,311 · Other $121,487

MERRILEE MARDONDEP HD OF SCH/INT DEAN FACULTY · 55 hrs/week $505,734Base $299,928 · Other $205,806

FERNANDO R ALONSOASST HEAD OF SCHOOL/CFO · 55 hrs/week $492,778Base $366,856 · Other $125,922

CHRISTIAN A REUSCHEASSOC DIRECTOR OF INVESTMENTS · 55 hrs/week $488,444Base $434,800 · Other $53,644

AMY PATELCHIEF MEDICAL OFFICER · 55 hrs/week $464,390Base $258,839 · Other $205,551

ANDREW JAFFONIASSOC DIRECTOR OF INVESTMENTS · 55 hrs/week $428,086Base $382,395 · Other $45,691

XUE YANGASSOC DIRECTOR OF INVESTMENTS · 55 hrs/week $427,683Base $372,353 · Other $55,330

JESSICA L HERBSTERGENERAL COUNSEL · 55 hrs/week $379,799Base $252,686 · Other $127,113

JAMES F VENTREASST HEAD OF SCHOOL ADMISSION · 55 hrs/week $378,234Base $221,112 · Other $157,122

JEFFREY C DOMINADEAN OF FACULTY · 55 hrs/week $277,585Base $129,793 · Other $147,792

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 (36)

KIRSTEN A GLANTZCHIEF INVESTMENT OFFICER

RAYNARD S KINGTONHEAD OF SCHOOL / TRUSTEE

THOMAS P LOCKERBYSECRETARY OF THE ACADEMY

MERRILEE MARDONDEP HD OF SCH/INT DEAN FACULTY

FERNANDO R ALONSOASST HEAD OF SCHOOL/CFO

CHRISTIAN A REUSCHEASSOC DIRECTOR OF INVESTMENTS

AMY PATELCHIEF MEDICAL OFFICER

ANDREW JAFFONIASSOC DIRECTOR OF INVESTMENTS

XUE YANGASSOC DIRECTOR OF INVESTMENTS

JESSICA L HERBSTERGENERAL COUNSEL

JAMES F VENTREASST HEAD OF SCHOOL ADMISSION

JEFFREY C DOMINADEAN OF FACULTY

STACY SCHIFFTRUSTEE

MICHAEL SCHMERTZLERTRUSTEE

ROBERT BARBERALUMNI TRUSTEE

SANJIV DESAIALUMNI TRUSTEE

YICHEN ZHANGTRUSTEE

STEPHEN KINGTRUSTEE

TAMARA ELLIOTT ROGERSTRUSTEE

TRISTIN BATCHELDER MANNIONTRUSTEE

UCHE OSUJIALUMNI TRUSTEE

AISHA JORGE MASSENGILLALUMNI TRUSTEE

LOYCE LASHAWNDRA PACEALUMNI TRUSTEE

KENT STRONGALUMNI TRUSTEE

KEITH T FLAHERTYTRUSTEE

HENRY SMYTHTRUSTEE

GIL CAFFRAYTRUSTEE/TREASURER

ERIC L ZINTERHOFERTRUSTEE

DAVID J CORKINSTRUSTEE

CHRISTOPER S AUGUSTETRUSTEE

CARLOS MONTEMAYORTRUSTEE

ANNA DURHAMTRUSTEE

ANDREW J GUFF JRTRUSTEE

AMY C FALLSTRUSTEE/PRESIDENT

AMY CHRISTODOULOTRUSTEE

ALLISON E PICOTTTRUSTEE

About this charity

Recognized since: January 1961
Location: 180 MAIN ST, ANDOVER, MA 01810-4166
County: Essex
In care of: % FERNANDO R ALONSO
Primary officer: FERNANDO R ALONSO, ASST HEAD OF SCHOOL

How to reach them

WebsiteVisit the charity’s website Phone(978) 749-4000

Filing and classification

Latest tax year: 2024
Tax period began: July 1, 2024
Return type: 990
Tax preparer: PWC US TAX LLP
NTEE classification: Education (B250)
Grant-giving organization: Yes