TRUSTEES OF THAYER ACADEMY INC Charity Report

Public IRS 990 nonprofit record

TRUSTEES OF THAYER ACADEMY INC

EIN 04-2105781 · Education (B250)

What they do

THE MISSION and PROGRAM of THAYER ACADEMY is to INSPIRE A DIVERSE COMMUNITY of STUDENTS IN GRADES 5 THROUGH 12 to MORAL, INTELLECTUAL, AESTHETIC and PHYSICAL EXCELLENCE SO THAT EACH MAY RISE to HONORABLE ACHIEVEMENT and CONTRIBUTE to THE COMMON GOOD.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $83.10 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 charity tells us what it is trying to do.

They name their leaders30 people are listed in the latest report.

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

Money made simple

81.68%of revenue went to mission work83.1% of expenses · Program services

3.99%of revenue went to fundraising4.1% of expenses

$98.25spent for every $100 of revenueRevenue covered expenses this year.

12.58%of revenue went to management and office costs12.8% of expenses

$3.41in assets for every $1 spent this yearSome assets cannot be spent right away.

9.1%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 $863,455 for CHRISTOPHER FORTUNATO (HEAD OF SCHOOL). 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$56,853,378

Mission workProgram services$46,438,15781.68% of revenue83.1% of expenses

ManagementOffice and general costs$7,150,63212.58% of revenue12.8% of expenses

FundraisingAsking for donations$2,267,0853.99% of revenue4.1% of expenses

Revenue left after expensesReported annual surplus$997,5041.75% of revenueShown in gray on the chart

Total expenses$55,855,87498.25% 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: 83.1% mission · 12.8% management · 4.1% fundraisingTotal expenses: 98.25% of revenue

2023Expense mix: 82.6% mission · 13.5% management · 4.0% fundraisingTotal expenses: 101.67% of revenue

2022Expense mix: 81.8% mission · 14.4% management · 3.8% fundraisingTotal expenses: 102.32% of revenue

2021Expense mix: 84.0% mission · 12.9% management · 3.2% fundraisingTotal expenses: 98.19% of revenue

2020Expense mix: 80.4% mission · 16.6% management · 3.0% fundraisingTotal expenses: 57.30% of revenue

2019Expense mix: 82.2% mission · 14.0% management · 3.7% fundraisingTotal expenses: 90.28% of revenue

2018Expense mix: 84.0% mission · 12.3% management · 3.7% fundraisingTotal expenses: 93.48% of revenue

2017Expense mix: 83.6% mission · 12.9% management · 3.4% fundraisingTotal expenses: 100.72% of revenue

Money in and money out

Revenue$56,853,378

Expenses$55,855,874

Annual surplus $997,504 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)$46,438,157 · 83.1% of expenses

Management and office costs$7,150,632 · 12.8% of expenses

Fundraising$2,267,085 · 4.1% of expenses

See all reported dollar amounts

Revenue$56,853,378

Expenses$55,855,874

Assets$190,210,815

Income$75,033,134

Contributions$5,169,759

Mission work (program services)$46,438,157

Fundraising$2,267,085

Management and general$7,150,632

Stocks and bonds$4,411,154

Accounting fees$102,370

Investing fees$87,086

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

CHRISTOPHER FORTUNATOHEAD OF SCHOOL · 40 hrs/week $863,455Base $547,370 · Other $316,085

MELISSA L FORGERDIRECTOR OF DEVELOPMENT · 40 hrs/week $411,213Base $223,696 · Other $187,517

JED WARTMANASSISTANT HEAD OF SCHOOL · 40 hrs/week $352,596Base $175,877 · Other $176,719

JULAINE MCINNISCFO & ASSISTANT TREASURER · 40 hrs/week $343,668Base $316,004 · Other $27,664

ALISON TERRYCHIEF OF STRATEGIC MARKETING AND COMMUNICATIONS · 40 hrs/week $246,246Base $197,804 · Other $48,442

ROBERTA MORANATHLETICS DIRECTOR · 40 hrs/week $235,890Base $178,542 · Other $57,348

JEFFREY DWYERDIRECTOR OF ENROLLMENT MANAGEMENT · 40 hrs/week $231,605Base $160,688 · Other $70,917

STEPHEN SANFORDCHIEF FINANCIAL OPERATING OFFICER · 40 hrs/week $148,451Base $135,086 · Other $13,365

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 (30)

CHRISTOPHER FORTUNATOHEAD OF SCHOOL

MELISSA L FORGERDIRECTOR OF DEVELOPMENT

JED WARTMANASSISTANT HEAD OF SCHOOL

JULAINE MCINNISCFO & ASSISTANT TREASURER

ALISON TERRYCHIEF OF STRATEGIC MARKETING AND COMMUNICATIONS

ROBERTA MORANATHLETICS DIRECTOR

JEFFREY DWYERDIRECTOR OF ENROLLMENT MANAGEMENT

STEPHEN SANFORDCHIEF FINANCIAL OPERATING OFFICER

JOE FARMERSECRETARY

TERESA HSIAOTRUSTEE

TAVARES BREWINGTONTRUSTEE

ANDREW SULLIVANTRUSTEE

ROB DEMARCOTRUSTEE

RACHEL CARDTRUSTEE

MICHAEL CURRYTRUSTEE

CHRIS SULLIVANTRUSTEE

MARIE MORISETTTRUSTEE

LAUREN GOFFTRUSTEE

DANYA ABRAMSTRUSTEE

DONOVAN BROWNTRUSTEE

JIM DOWDENTRUSTEE

JEN HAVLICEKTRUSTEE

ABE CEESAYTRUSTEE

JEFF ROBINSONTRUSTEE

DAVE DEVINETRUSTEE

JEANINE MURPHYTRUSTEE

JAMES COUGHLINCHAIR

GUY DANIELLOTREASURER

GREG LALLYTRUSTEE

ELAINE DELUCAVICE CHAIR

About this charity

Recognized since: January 1933
Location: 745 WASHINGTON ST, BRAINTREE, MA 02184-5751
County: Norfolk
In care of: % RICHARD RUMMEL
Primary officer: STEPHEN P SANFORD, CHIEF FINANCIAL OPER. OFFICER

How to reach them

WebsiteVisit the charity’s website Phone(781) 380-0503 Officer phone(781) 664-2519

Filing and classification

Latest tax year: 2024
Tax period began: July 1, 2024
Return type: 990
Tax preparer: CLIFTONLARSONALLEN LLP
NTEE classification: Education (B250)