Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jan 1965.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
76 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
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Who runs it and what they're paid
22 people listed on the 990; $541K paid to officers and key staff.
Diana Gleeson’s $210K as Head of School is at the 41st percentile of top reported officer pay among 3683 $10–100M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.
Compensation history total reportable pay by year · 6 named individuals · Part VII
| Name | FY2024 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Diana Gleeson | $209,944 | $123,165 | — | — | — | — |
| Martin Mooney | — | — | $200,041 | $178,116 | $185,084 | $184,699 |
| Ares Michaelides | $120,660 | $126,045 | $120,395 | $84,509 | — | — |
| David Lepage | — | $112,649 | — | — | — | — |
| Sven Cole | — | — | — | $101,029 | $105,341 | — |
| Joseph Hemmings | — | $105,072 | — | — | — | — |
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
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Questions the 990 asks
The form asks each of these directly. These are the filed answers.
- Family or business ties among officersPt VI · Ln 2No
- Top official's pay set by an independent reviewPt VI · Ln 15aYes
Programs and updates
Prepares young men for college and life through a unique postgraduate program.
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Bridgton academy is the only school in the united states that exclusively offers a postgraduate year for high school graduates. A typical class will have up to 180 young men from twenty or more states and several foreign countries. Most students take college-level courses for which they may receive transferable college credit.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2024 990, line by line.
Download 990
| Line | Start FY24 | End FY24 |
|---|---|---|
| Cash and savingsLn 1–2 | $493K | $857K |
| InvestmentsLn 11–13 | $8.0M | $7.0M |
| Land, buildings, equipmentLn 10c | $10.2M | $9.8M |
| Total assetsLn 16 | $20.0M | $19.2M |
| LiabilitiesLn 26 | $5.3M | $5.7M |
| Net assetsLn 32 | $14.7M | $13.5M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic organizationsLn 1 | $73K | $73K | ||
| Grants to domestic individualsLn 2 | $4.1M | $4.1M | ||
| Pay of current officers, directors and key staffLn 5 | $374K | $236K | $93K | $45K |
| Other salaries and wagesLn 7 | $2.8M | $1.7M | $903K | $180K |
| Pension plan contributionsLn 8 | $80K | $36K | $41K | $2K |
| Other employee benefitsLn 9 | $451K | $209K | $225K | $16K |
| Payroll taxesLn 10 | $219K | $103K | $107K | $9K |
| Legal feesLn 11b | $28K | $28K | ||
| Accounting feesLn 11c | $21K | $21K | ||
| Professional fundraising feesLn 11e | $12K | $12K | ||
| Investment management feesLn 11f | $8K | $8K | ||
| Other fees for servicesLn 11g | $398K | $185K | $209K | $4K |
| Advertising and promotionLn 12 | $123K | $123K | ||
| Office expensesLn 13 | $37K | $214 | $4K | $32K |
| OccupancyLn 16 | $409K | $10K | $398K | |
| TravelLn 17 | $233K | $216K | $11K | $5K |
| Conferences, conventions and meetingsLn 19 | $830K | $616K | $213K | |
| InterestLn 20 | $153K | $153K | ||
| Depreciation, depletion and amortizationLn 22 | $858K | $858K | ||
| InsuranceLn 23 | $156K | $156K | ||
| Other expenses (24a–d)Ln 24 | $904K | $1.8M | −$1.2M | $258K |
| All other expensesLn 24e | $49K | $5K | $26K | $18K |
| Total functional expensesLn 25 | $12.3M | $9.3M | $2.1M | $917K |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 | $10.1M | $12.2M | −$2.1M | $14.7M | 990 PDF |
| FY2023 | $10.3M | $11.0M | −$705K | $15.6M | 990 PDF |
| FY2022 | $12.4M | $10.8M | $1.6M | $15.5M | 990 PDF |
| FY2021 | $9.4M | $10.0M | −$634K | $14.8M | 990 PDF |
| FY2020 | $9.2M | $9.4M | −$124K | $13.8M | 990 PDF |
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Schedules filed Part IV
See the full FY2024 990 (6 parts)
Part I · Summary $10,238,338 revenue, 12 lines filed
Part VI · Governance 19 of 19 board members independent, no flags
Part VIII · Statement of revenue $10,238,338 across 9 lines filed
Part IX · Statement of functional expenses $12,270,835 across 22 lines filed
Part X · Balance sheet $19,181,757 assets, 18 lines filed
Part XI · Reconciliation of net assets $13,499,994 net assets at year end
Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File
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