The Fay School

EIN: 760321325 501(c)(3)

Houston, TX

Total Revenue
$12,079,383
Total Expenses
$9,942,167
Total Assets
$29,802,469
Net Assets
$22,851,098
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Financial Trends

Organization Details

Formation Year
1990
Legal Domicile
TX
Principal Officer
Morgan Scoville
Phone
7136818300
Tax Period
2023-07-01 to 2024-06-30

The Fay School, founded in 1990, is a mid-sized nonprofit that reported $12.1M in total revenue in fiscal year 2023. Revenue grew 13% year-over-year, indicating healthy expansion. The organization ran a surplus of $2.1M, a strong 18% operating margin.

Mission

The Fay School ("the School") is a nonsectarian, not-for-profit, co-educational school in which children of diverse talents and backgrounds with strong academic abilities are offered a high-quality education in a secure, enriching, and academically challenging environment. Here, children learn and grow intellectually, physically, socially, ethically, and artistically while developing self-confidence and a lifelong love of learning through an active partnership among educators, parents, and students.

Program Service Accomplishments

Program 1
Expenses: $8,576,744 Revenue: $10,049,158

At The Fay School, our core values center on providing an educational experience that ensures our students are Prepared, Well-Rounded, and Articulate - three essential cornerstones for success as...

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At The Fay School, our core values center on providing an educational experience that ensures our students are Prepared, Well-Rounded, and Articulate - three essential cornerstones for success as they move forward in life. We prepare students for entrance into and success within Houston's finest middle and upper schools. Our progressive and rigorous curriculum is exclusively preparatory in nature and our graduates are successful throughout the city of Houston. Our well-rounded students are grounded in an appreciation of community and global awareness. Our "Fay Family" is central to the ethos of our international culture and the diversity of thought and experiences our students enjoy. Continued on Schedule O. We believe communication is paramount to success and we teach our students to articulate their thoughts, values, and aspirations. At Fay, success is found in our students' poised and compelling communication with peers and adults alike. Adding to the rigor of our academic program, The Fay School's most distinguishing factor is our Leadership Development Program. Grounded in both emotional intelligence and human capital strategy, The Fay School's vision is to deliberately build and educate the next generation of leaders for our world. Our students experience leadership training and curriculum typically reserved for Fortune 500 companies and they graduate from Fay with skills that will serve them for a lifetime.

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Trantor Score

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $998,699
Program Service Revenue $10,049,158
Investment Income $862,033
Other Revenue $169,493
TOTAL REVENUE $12,079,383

Expense Breakdown

Grants Paid $407,191
Salaries & Benefits $5,925,353
Fundraising Expenses $518,872
Program Expenses $8,576,744
Other Expenses $3,544,023
TOTAL EXPENSES $9,942,167

Year-over-Year Comparison

2023 2022 Change
Revenue $12,079,383 $10,695,920 +0.1%
Expenses $9,942,167 $9,096,705 +0.1%
Net Income $2,137,216 $1,599,215 +0.3%
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
15
Independent Members
15
Employees
130
Volunteers
100

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
$477,868
Total Directors
15
$0
Key Employees
0
$0
Highest Compensated
2
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Omar Samji Chair 5.00
Officer Director
$0 $0 $0
Megan Pond Secretary 5.00
Officer Director
$0 $0 $0
Sarah Pollock Treasurer 5.00
Officer Director
$0 $0 $0
Jas Brar Director 5.00
Director
$0 $0 $0
Maris Castro Director 5.00
Director
$0 $0 $0
Sabrina Colgin Director 5.00
Director
$0 $0 $0
Lauren Duke Director 5.00
Director
$0 $0 $0
Marie Fay Evnochides Founding Head of School 5.00
Director
$0 $0 $0
Jason Itkin Director 5.00
Director
$0 $0 $0
Justin Leighton Director 5.00
Director
$0 $0 $0
Jared Levinthal Director 5.00
Director
$0 $0 $0
Lauren Libby Director 5.00
Director
$0 $0 $0
Kranthi Patel Director 5.00
Director
$0 $0 $0
Alex Smith Director 5.00
Director
$0 $0 $0
Kate Withall Director 5.00
Director
$0 $0 $0
Morgan Scoville CEO, Head of School 40.00
Officer
$285,582 $17,266 $302,848
Jeffrey Fountain CFO, Assistant Head of School 40.00
Officer
$160,563 $14,457 $175,020
John Grube Director of Tech and Operations 40.00
Highest
$101,263 $14,166 $115,429
Melissa Sherman Principal 40.00
Highest
$113,293 $12,534 $125,827
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 $12,079,383 $9,942,167 $29,802,469 $2,137,216
2023 $10,695,920 $9,096,705 $26,184,974 $1,599,215
2023 $10,769,143 $8,399,208 $30,531,496 $2,369,935
2022 $9,467,256 $7,889,425 $24,680,896 $1,577,831
2021 $8,809,137 $7,350,151 $22,159,376 $1,458,986
2020 $8,089,200 $7,712,763 $20,796,891 $376,437
2019 $9,000,522 $8,152,168 $20,355,426 $848,354
2018 $8,896,647 $8,586,813 $19,448,940 $309,834
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