GOVERNOR DUMMER ACADEMY THE GOVERNOR'S ACADEMY

EIN: 042103564 501(c)(3) Education

BYFIELD, MA

Total Revenue
$55,752,745
Total Expenses
$40,997,987
Total Assets
$180,516,909
Net Assets
$152,208,908
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1763
Legal Domicile
MA
Principal Officer
JONATHAN DOUGLAS
Phone
9784651763
Tax Period
2023-07-01 to 2024-06-30

GOVERNOR DUMMER ACADEMY THE GOVERNOR'S ACADEMY, founded in 1763, is a mid-sized nonprofit in the Education sector that reported $55.8M in total revenue in fiscal year 2023. The organization ran a surplus of $14.8M, a strong 26% operating margin.

Mission

TOGETHER, WE TEACH AND LEARN SKILLS THAT FOSTER THE COURAGE TO DISCOVER OUR VOICES, DEVELOP OLD AND NEW PASSIONS, PRACTICE BALANCE IN THE PURSUIT OF EXCELLENCE, AND COLLABORATE IN BUILDING VIBRANT,INCLUSIVE, AND SUSTAINABLE COMMUNITIES.

Program Service Accomplishments

Program 1
Expenses: $29,890,613 Revenue: $28,629,129

THE GOVERNOR'S ACADEMY OPERATES AN INDEPENDENT SECONDARY BOARDING AND DAY SCHOOL ENROLLING OVER 400 DOMESTIC AND INTERNATIONAL STUDENTS. THE ACADEMY COMBINES CENTURIES OF TRADITION WITH A DEDICATION...

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THE GOVERNOR'S ACADEMY OPERATES AN INDEPENDENT SECONDARY BOARDING AND DAY SCHOOL ENROLLING OVER 400 DOMESTIC AND INTERNATIONAL STUDENTS. THE ACADEMY COMBINES CENTURIES OF TRADITION WITH A DEDICATION TO EDUCATIONAL INNOVATION. STUDENTS FLOURISH IN A DIVERSE COMMUNITY DISTINGUISHED BY CONNECTIONS WITH TEACHERS AND PEERS AND DEFINED BY A COMMITMENT TO ACHIEVING EXCELLENCE IN ACADEMICS, ATHLETICS, AND ARTS. ACADEMY GRADUATES ARE LIFE-LONG LEARNERS WHO EMBRACE THEIR CIVIC DUTY AND GLOBAL RESPONSIBILITY.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $10,329,749
Program Service Revenue $28,551,840
Investment Income $16,527,036
Other Revenue $344,120
TOTAL REVENUE $55,752,745

Expense Breakdown

Grants Paid $6,627,896
Salaries & Benefits $20,827,224
Fundraising Expenses $2,863,696
Program Expenses $29,890,613
Other Expenses $13,542,867
TOTAL EXPENSES $40,997,987

Year-over-Year Comparison

2023 2022 Change
Revenue $55,752,745 $54,349,143 +0.0%
Expenses $40,997,987 $37,103,279 +0.1%
Net Income $14,754,758 $17,245,864 -0.1%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
24
Independent Members
24
Employees
307
Volunteers
500

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
8
$941,643
Total Directors
28
$0
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JAMES M PIERCE PRESIDENT (PART-YEAR) 5.00
Officer Director
$0 $0 $0
PAUL NARDONE PRESIDENT (PART-YEAR) 5.00
Officer Director
$0 $0 $0
LUCY HENKES VICE-PRESIDENT 5.00
Officer Director
$0 $0 $0
ARCHIE SEALE VICE-PRESIDENT 5.00
Officer Director
$0 $0 $0
STEVEN G SHAPIRO TREASURER 5.00
Officer Director
$0 $0 $0
ELIZABETH FARRELL SECRETARY 5.00
Officer Director
$0 $0 $0
THOMAS M MERCER JR TRUSTEE 5.00
Director
$0 $0 $0
COLIN CROSS TRUSTEE 5.00
Director
$0 $0 $0
MICHELE LAWLOR TRUSTEE 5.00
Director
$0 $0 $0
STEPHANIE GINSBERG TRUSTEE 5.00
Director
$0 $0 $0
CHANDLER EVANS TRUSTEE 5.00
Director
$0 $0 $0
JAMES L RUDOLPH TRUSTEE 5.00
Director
$0 $0 $0
PHILLIP S GILLESPIE TRUSTEE 5.00
Director
$0 $0 $0
BILL ALFOND TRUSTEE 5.00
Director
$0 $0 $0
JONATHAN J DOYLE TRUSTEE 5.00
Director
$0 $0 $0
ROBERT C DELENA TRUSTEE 5.00
Director
$0 $0 $0
STEPHEN G KASNET TRUSTEE 5.00
Director
$0 $0 $0
FRANK COUSINS JR TRUSTEE 5.00
Director
$0 $0 $0
WILLIAM BRINE III TRUSTEE 5.00
Director
$0 $0 $0
AJ ENCHILL ALUMNI TRUSTEE 5.00
Director
$0 $0 $0
MOON-SUN CHUNG TRUSTEE 5.00
Director
$0 $0 $0
KAREN MCALMON TRUSTEE 5.00
Director
$0 $0 $0
SPENCER L PURINTON TRUSTEE 5.00
Director
$0 $0 $0
CHRISTINA GENTILE TRUSTEE 5.00
Director
$0 $0 $0
MOLLY SCHARFE PRINN TRUSTEE 5.00
Director
$0 $0 $0
EVAN M TRENT TRUSTEE 5.00
Director
$0 $0 $0
LESLIE L LACY TRUSTEE 5.00
Director
$0 $0 $0
SAUNDRA E WATSON ALUMNI COUNCIL PRESIDENT 5.00
Director
$0 $0 $0
CYNTHIA ROSE SCANNELL CFO 50.00
Officer
$254,834 $111,774 $366,608
PETER QUIMBY HEAD OF SCHOOL 50.00
Officer
$462,181 $112,854 $575,035
SARAH POWERS DEAN OF ENROLLMENT 50.00
Highest
$157,804 $50,207 $208,011
LESLIE L DICKEY DIRECTOR OF ADVANCEMENT 50.00
Highest
$230,428 $53,428 $283,856
LYNDA FITZGERALD DEAN OF FACULTY 50.00
Highest
$154,655 $31,081 $185,736
MICHAEL KINNEALEY ASSISTANT HEAD OF SCHOOL 50.00
Highest
$179,041 $57,913 $236,954
THOMAS JAMES TRAFTON DIRECTOR OF MAJOR GIFTS 50.00
Highest
$146,969 $14,012 $160,981
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 No data No data No data No data
2024 $55,752,745 $40,997,987 $180,516,909 $14,754,758
2023 $54,349,143 $37,103,279 $172,442,826 $17,245,864
2022 $45,263,829 $34,659,499 $163,271,740 $10,604,330
2021 $66,035,894 $34,992,433 $175,373,795 $31,043,461
2020 $30,492,232 $32,584,621 $151,667,410 $-2,092,389
2019 $41,432,433 $32,430,033 $146,686,860 $9,002,400
2018 $44,852,614 $32,372,119 $146,452,272 $12,480,495
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