THE ADVENT SCHOOL CORPORATION

EIN: 042304521 501(c)(3)

BOSTON, MA

Total Revenue
$8,287,586
Total Expenses
$7,898,705
Total Assets
$11,928,558
Net Assets
$2,878,889
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1961
Legal Domicile
MA
Principal Officer
JEFF CH MORGAN
Phone
6177420520
Tax Period
2022-07-01 to 2023-06-30

THE ADVENT SCHOOL CORPORATION, founded in 1961, is a community nonprofit that reported $8.3M in total revenue in fiscal year 2022. Expenses of $7.9M left a modest 5% surplus.

Mission

EDUCATIONAL INSTRUCTION GRADES EARLY CHILDHOOD THROUGH GRADE 6.

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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 (2022)

Revenue Breakdown

Contributions & Grants $1,060,970
Program Service Revenue $7,155,979
Investment Income $120,737
Other Revenue $-50,100
TOTAL REVENUE $8,287,586

Expense Breakdown

Grants Paid $1,450,565
Salaries & Benefits $4,898,919
Fundraising Expenses $285,843
Program Expenses $5,711,985
Other Expenses $1,549,221
TOTAL EXPENSES $7,898,705

Year-over-Year Comparison

2022 2021 Change
Revenue $8,287,586 $7,990,661 +0.0%
Expenses $7,898,705 $7,892,165 +0.0%
Net Income $388,881 $98,496 +2.9%
Key Indicators
✗ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
25
Independent Members
24
Employees
75
Volunteers
85

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
6
$498,793
Total Directors
25
$85,489
Key Employees
0
$0
Highest Compensated
3
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TED SCHWARTZBERG PRESIDENT & CHAIR 3.00
Officer Director
$0 $0 $0
LINDSY DASHIELL VICE CHAIR 1.00
Officer Director
$0 $0 $0
VICENTE PIEDRAHITA TREASURER 1.00
Officer Director
$0 $0 $0
ELYSE SWALLOW SECRETARY 1.00
Officer Director
$0 $0 $0
JERRY WARD TRUSTEE, MEMBER AT LARGE 1.00
Director
$0 $0 $0
JENNIFER CARRION TRUSTEE, MEMBER AT LARGE 1.00
Director
$0 $0 $0
LAUREN GOFF TRUSTEE, MEMBER AT LARGE 1.00
Director
$0 $0 $0
MORGAN BECKFORD TRUSTEE 1.00
Director
$0 $0 $0
ROBY BHATTACHARYYA TRUSTEE 1.00
Director
$0 $0 $0
INGRID BOYD TRUSTEE 1.00
Director
$0 $0 $0
RACHEL EDWARDS TRUSTEE 1.00
Director
$0 $0 $0
ARTURO FORREST TRUSTEE 1.00
Director
$0 $0 $0
JACK GURNON TRUSTEE 1.00
Director
$0 $0 $0
REBECCA KAISER TRUSTEE 1.00
Director
$0 $0 $0
JON LEE TRUSTEE 1.00
Director
$0 $0 $0
ADRIAN MADARO TRUSTEE 1.00
Director
$0 $0 $0
MARK WHITE TRUSTEE 1.00
Director
$0 $0 $0
LESLIE MARTIN TRUSTEE 1.00
Director
$0 $0 $0
MAX METRAL TRUSTEE 1.00
Director
$0 $0 $0
SARAH PATRICK TRUSTEE 1.00
Director
$0 $0 $0
BRETT PAULSRUD TRUSTEE 1.00
Director
$0 $0 $0
RAMONA PERSAUD TRUSTEE 1.00
Director
$0 $0 $0
KARIN ROESCH TRUSTEE 1.00
Director
$0 $0 $0
MICHAEL WEAVER TRUSTEE 1.00
Director
$0 $0 $0
JENNIFER MEADER TRUSTEE,FACULTY MEMBER 40.00
Director
$85,489 $0 $85,489
NICOLE DUFAUCHARD HEAD OF SCHOOL 40.00
Officer
$324,258 $0 $324,258
JEFF CH MORGAN DIRECTOR OF FINANCE AND OP 40.00
Officer
$174,535 $0 $174,535
LAUREN LEWIS DIRECTOR OF ENROLLMENT MANAGEMENT 40.00
Highest
$120,935 $0 $120,935
ABIGAIL HAYHURST DEAN OF STUDENT SERVICES 40.00
Highest
$108,939 $0 $108,939
GRETCHEN VICE DEAN OF FACULTY 40.00
Highest
$108,127 $0 $108,127
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 No data No data No data No data
2023 $8,287,586 $7,898,705 $11,928,558 $388,881
2022 $7,990,661 $7,892,165 $13,227,091 $98,496
2021 $6,872,633 $7,700,497 $14,119,382 $-827,864
2020 $7,780,085 $6,942,812 $13,502,419 $837,273
2019 $6,361,946 $6,484,284 $12,760,894 $-122,338
2018 $6,149,050 $6,228,947 $12,658,624 $-79,897
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