THE WOODWARD SCHOOL FOR GIRLS INC

EIN: 042952746 501(c)(3)

QUINCY, MA

Total Revenue
$2,658,465
Total Expenses
$3,351,004
Total Assets
$8,115,424
Net Assets
$5,571,636
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1986
Legal Domicile
MA
Principal Officer
STEPHANIE PERINI-HEGARTY
Phone
6177735610
Tax Period
2024-07-01 to 2025-06-30

THE WOODWARD SCHOOL FOR GIRLS INC, founded in 1986, is a community nonprofit that reported $2.7M in total revenue in fiscal year 2024. Revenue surged 36% from the prior year, signaling strong growth momentum. Expenses of $3.4M exceeded revenue, resulting in a 26% operating deficit.

Mission

THE WOODWARD SCHOOL HONORS AND CULTIVATES EACH STUDENT'S ACADEMIC AND PERSONAL POTENTIAL TO ENRICH THE WORLD WITH COURAGE AND CREATIVITY. WOODWARD HAS BEEN EDUCATING AND EMPOWERING YOUNG WOMEN IN GRADES 6-12 SINCE 1894.

Program Service Accomplishments

Program 1
Expenses: $2,477,379 Revenue: $1,549,433

1. ACADEMIC PROGRAMSTHE WOODWARD SCHOOL PROVIDES A RIGOROUS, COLLEGE PREPARATORY LIBERAL ARTS CURRICULUM FOR STUDENTS IN GRADES 6-12, DESIGNED TO CULTIVATE INTELLECTUAL CURIOSITY, CRITICAL THINKING...

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1. ACADEMIC PROGRAMSTHE WOODWARD SCHOOL PROVIDES A RIGOROUS, COLLEGE PREPARATORY LIBERAL ARTS CURRICULUM FOR STUDENTS IN GRADES 6-12, DESIGNED TO CULTIVATE INTELLECTUAL CURIOSITY, CRITICAL THINKING, AND LEADERSHIP SKILLS. THE PROGRAM INCLUDES ADVANCED PLACEMENT (AP) COURSES, HONORS CLASSES, DUAL ENROLLMENT COURSES WITH QUINCY COLLEGE, AND INTERDISCIPLINARY LEARNING OPPORTUNITIES TO PREPARE STUDENTS FOR SUCCESS IN HIGHER EDUCATION AND BEYOND. THE SCHOOL IS NEASC ACCREDITED AND ACHIEVED A 100% COLLEGE ACCEPTANCE RATE FOR GRADUATING SENIORS.2. STUDENT LIFE, LEADERSHIP DEVELOPMENT, AND CAREER READINESSWOODWARD FOSTERS A SUPPORTIVE AND INCLUSIVE ENVIRONMENT THROUGH LEADERSHIP PROGRAMS, STUDENT GOVERNMENT, CLUBS, AND EXTRACURRICULAR ACTIVITIES THAT PROMOTE PERSONAL GROWTH, CREATIVITY, AND COMMUNITY ENGAGEMENT. PROGRAMS LIKE IMPACT LEARNING @ WOODWARD, A CAREER-FOCUSED INTERNSHIP INITIATIVE, AS WELL AS ROBUST OFFERINGS IN PERFORMING AND VISUAL ARTS, PROVIDE STUDENTS WITH HANDS-ON LEARNING EXPERIENCES AND OPPORTUNITIES TO EXPLORE THEIR PASSIONS. MOST STUDENTS PARTICIPATE IN LEADERSHIP ROLES, EXTRACURRICULAR ACTIVITIES, OR ARTS PROGRAMS, CONTRIBUTING TO A VIBRANT AND WELL-ROUNDED SCHOOL COMMUNITY.3. FINANCIAL AID AND ACCESS PROGRAMSTHE WOODWARD SCHOOL IS COMMITTED TO EXPANDING ACCESS TO EXCEPTIONAL EDUCATION FOR YOUNG WOMEN, OFFERING NEED-BASED FINANCIAL AID AND SCHOLARSHIPS AWARDING HUNDREDS OF THOUSANDS OF DOLLARS IN FINANCIAL AID TO ENSURE ECONOMIC DIVERSITY AND EQUITABLE ACCESS FOR STUDENTS FROM A RANGE OF SOCIOECONOMIC BACKGROUNDS.

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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 $1,106,612
Program Service Revenue $1,549,433
Investment Income $9,224
Other Revenue $-6,804
TOTAL REVENUE $2,658,465

Expense Breakdown

Grants Paid $460,135
Salaries & Benefits $1,581,124
Fundraising Expenses $251,785
Program Expenses $2,477,379
Other Expenses $1,309,745
TOTAL EXPENSES $3,351,004

Year-over-Year Comparison

2024 2023 Change
Revenue $2,658,465 $1,960,028 +0.4%
Expenses $3,351,004 $3,137,126 +0.1%
Net Income $-692,539 $-1,177,098 -0.4%
Key Indicators
✗ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Governance

Voting Members
9
Independent Members
9
Employees
41
Volunteers
15

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
$160,295
Total Directors
12
$160,295
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
STEPHANIE PERINI-HEGARTY ESQ CHAIR 20.00
Officer Director
$0 $0 $0
WENDY SIMMONS TRUSTEE 5.00
Officer Director
$0 $0 $0
ILANA QUIRK TRUSTEE 5.00
Director
$0 $0 $0
TED SHARP TRUSTEE 5.00
Director
$0 $0 $0
PORTIA BLUNT VICE CHAIR 5.00
Officer Director
$0 $0 $0
NINA CONROY TRUSTEE 5.00
Director
$0 $0 $0
MICHELLE DENNIS COTE TRUSTEE 5.00
Director
$0 $0 $0
SARA LITTLE TRUSTEE 5.00
Director
$0 $0 $0
EILEEN SHAW TRUSTEE EMERITUS 5.00
Director
$0 $0 $0
MAYOR TOM KOCH EX OFFICIO 5.00
Director
$0 $0 $0
TANESHA WRIGHT CLERK 10.00
Officer Director
$0 $0 $0
ALEXANDER MAGAY HEAD OF SCHOOL 40.00
Officer Director
$148,363 $11,932 $160,295
JENNIE DONEGAN DIRECTOR OF ENROLLMENT 40.00
Highest
$101,662 $132 $101,794
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 $2,658,465 $3,351,004 $8,115,424 $-692,539
2024 $1,960,028 $3,137,126 $8,788,643 $-1,177,098
2023 $1,489,074 $3,257,061 $10,105,911 $-1,767,987
2022 $2,240,379 $2,666,773 $11,994,679 $-426,394
2021 $1,604,568 $2,824,777 $12,401,168 $-1,220,209
2020 $1,335,717 $2,853,321 $13,872,629 $-1,517,604
2019 $1,862,525 $2,748,548 $13,025,735 $-886,023
2018 $4,671,590 $2,574,724 $4,921,826 $2,096,866
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