BELMONT HILL SCHOOL INC

EIN: 042103870 501(c)(3) Education

Belmont, MA

Total Revenue
$73,236,485
Total Expenses
$45,839,024
Total Assets
$296,903,003
Net Assets
$253,022,209
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1923
Legal Domicile
MA
Principal Officer
Jay Bounty
Phone
6174844410
Tax Period
2024-07-01 to 2025-06-30

BELMONT HILL SCHOOL INC, founded in 1923, is a mid-sized nonprofit in the Education sector that reported $73.2M in total revenue in fiscal year 2024. Revenue surged 37% from the prior year, signaling strong growth momentum. The organization ran a surplus of $27.4M, a strong 37% operating margin.

Mission

Belmont Hill School educates boys in mind, body, and spirit to develop men of good character. Our community encourages and challenges students to discover and pursue passions, seek excellence and face adversity with resilience. We cultivate critical thinking and creativity, teamwork and competition, hard work and reflections, tradition and innovation. Valuing our differences and working together, we embrace camaraderie, compassion, and service to others. Our school strives to instill in each boy ethical judgment, a sense of common humanity, and lifelong love of learning.

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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 (2024)

Revenue Breakdown

Contributions & Grants $10,771,879
Program Service Revenue $31,403,517
Investment Income $30,413,324
Other Revenue $647,765
TOTAL REVENUE $73,236,485

Expense Breakdown

Grants Paid $8,595,075
Salaries & Benefits $21,048,377
Fundraising Expenses $2,334,170
Program Expenses $34,750,325
Other Expenses $16,195,572
TOTAL EXPENSES $45,839,024

Year-over-Year Comparison

2024 2023 Change
Revenue $73,236,485 $53,458,441 +0.4%
Expenses $45,839,024 $43,107,118 +0.1%
Net Income $27,397,461 $10,351,323 +1.6%
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
36
Independent Members
35
Employees
274
Volunteers
300

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
5
$1,386,068
Total Directors
36
$959,168
Key Employees
1
$459,083
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Gregory J Schneider Ronald M. Druker '62 Head of School-Secretary 50
Officer Director
$589,538 $369,630 $959,168
Beverly Couglin Director of Development 50
Key Emp
$402,489 $56,594 $459,083
Jay Bounty Assistant Treasurer CFO and Director of Operations 50
Officer
$362,793 $64,107 $426,900
Michael Grant Assistant Head of School 50
Highest
$208,916 $167,280 $376,196
Jay Fritz Director of Major and Planned Gifts 50
Highest
$199,590 $70,811 $270,401
Donald Bradley Head of Upper School 50
Highest
$200,787 $55,218 $256,005
Steve Carr Director of Admissions & Enrollment 50
Highest
$155,232 $62,110 $217,342
Lauren Hamilton Director of Middle School 50
Highest
$186,628 $21,150 $207,778
Jon Biotti President 1
Officer Director
$0 $0 $0
William Achtmeyer Vice President 1
Officer Director
$0 $0 $0
Anthony Ryan Treasurer 1
Officer Director
$0 $0 $0
Sam Bartlett Trustee 1
Director
$0 $0 $0
Florence Bourgeois Trustee 1
Director
$0 $0 $0
Tim Buckley Trustee 1
Director
$0 $0 $0
Mark Chandler Trustee 1
Director
$0 $0 $0
Gretchen Cook-Anderson Trustee 1
Director
$0 $0 $0
Warren Cross Jr Trustee 1.00
Director
$0 $0 $0
Carl Dawson Trustee 1
Director
$0 $0 $0
Groom Dinkneh Trustee 1
Director
$0 $0 $0
Jeffrey Drucker Trustee 1
Director
$0 $0 $0
Ronald Druker Trustee 1
Director
$0 $0 $0
Jean Egan Trustee 1
Director
$0 $0 $0
Daniel S Farb Trustee 1
Director
$0 $0 $0
William Forde Trustee 1
Director
$0 $0 $0
John Grady Jr Trustee 1
Director
$0 $0 $0
Christopher Hadley Trustee 1
Director
$0 $0 $0
Danielle Heard Trustee 1
Director
$0 $0 $0
Jason Hurd Trustee 1
Director
$0 $0 $0
Josh Isner Trustee 1
Director
$0 $0 $0
Stephen Karp Trustee 1
Director
$0 $0 $0
Jonathan Kraft Trustee 1
Director
$0 $0 $0
George Lynch Trustee 1
Director
$0 $0 $0
Emmet Lyne Trustee 1
Director
$0 $0 $0
Todd MacLean Trustee 1
Director
$0 $0 $0
Amy Madden Trustee 1
Director
$0 $0 $0
Carl Martignetti Trustee 1
Director
$0 $0 $0
Patricia O'Neill Nolan Trustee 1
Director
$0 $0 $0
Gregory Paul Trustee 1
Director
$0 $0 $0
Sarah Pelmas Trustee 1
Director
$0 $0 $0
Taggart Romney Trustee 1
Director
$0 $0 $0
Jill Shah Trustee 1
Director
$0 $0 $0
Brian Shortsleeve Trustee 1
Director
$0 $0 $0
Herbert Wagner Trustee 1
Director
$0 $0 $0
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 $73,236,485 $45,839,024 $296,903,003 $27,397,461
2024 $53,458,441 $43,107,118 $269,529,738 $10,351,323
2023 $41,088,782 $38,599,133 $239,891,189 $2,489,649
2022 $47,510,938 $36,568,046 $216,719,471 $10,942,892
2021 $42,454,308 $34,375,170 $242,788,328 $8,079,138
2020 $34,861,260 $31,783,876 $203,315,618 $3,077,384
2019 $48,890,101 $32,693,147 $203,571,258 $16,196,954
2018 $30,125,358 $31,306,967 $185,577,509 $-1,181,609
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