Kimball Union Academy: Nonprofit Profile, Financials & Form 990 (EIN 02-0222147)

Revenue by fiscal year
FY2021	$26.6M
FY2022	$30.3M
FY2023	$28.0M
FY2024	$31.6M
FY2025	$35.5M

Expenses by fiscal year
FY2021	$24.3M
FY2022	$26.0M
FY2023	$28.0M
FY2024	$30.2M
FY2025	$31.9M

Net assets by fiscal year
FY2021	$91.8M
FY2022	$90.0M
FY2023	$96.4M
FY2024	$105.4M
FY2025	$115.4M

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Mar 1943.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

84 cents of each dollar spent went to programs.

84%

Program services 84% · $26.7M Management & general 11% · $3.4M Fundraising 5% · $1.7M

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

32 people listed on the 990; $1.3M paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII

Tyler Lewis

Head of School

$448,277Pt VII · Sec A

Stacey Summerfield

Director of Institutional

$200,796Pt VII · Sec A

Gerard Murphy

CFO

$178,788Pt VII · Sec A

Adam Steinberg

Deputy Director of Development

$120,124Pt VII · Sec A

Larry Osmer

Director of Capital Projec

$115,428Pt VII · Sec A

Joshua Labove

Director of Enrollment Management

$109,738Pt VII · Sec A

Tricia McKeon

Director of Marketing and Comm.

$101,975Pt VII · Sec A

Robin Gronlund

Trustee

$0Pt VII · Sec A

Tyler Lewis’s $448K as Head of School is at the 85th 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 · 8 named individuals · Part VII

Name	FY2025	FY2024	FY2023	FY2022	FY2021
Tyler Lewis	$448,277	$433,938	$371,907	$424,316	$337,998
Stacey Summerfield	$200,796	$195,153	$196,192	—	—
Robert Blake	—	—	$159,636	$172,568	$186,866
Sherwood Haskins	—	—	—	$180,214	$76,474
Gerard Murphy	$178,788	$173,040	$86,462	—	—
Hunter Ulf	—	—	—	$150,521	$156,814
David Weidman	—	—	—	$119,052	$124,424
Adam Steinberg	$120,124	—	—	—	—

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

Provides secondary education through a private high school for boarding and day students.

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Provided by the organization

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1 program · $26.7M · in their own filed words · FY2024

01

Private high school that serves 276 boarding students and 81 day students.

$26.7Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid

Grants received · FY2025

Tua Harriet R Lewis CharitableFY2025$55K

Colonel Lloyd E and Joan Platt Witmer Scholarship FundFY2025$31K

The Ayco Charitable FoundationFY2025$30K

John D Bryant Tr Uw Nec Winifred I Li John Wallace & WFY2025$14K

Judith B Phelan and Richard S Phelan Fam Foundation INCFY2025$2K

Total grants receivedfrom 5 funders$132K

See all 5 funders →

Grants paid · 1 grant · $5.7M · 2020–2020

Unitemized GrantFY2020$5,713,860

By the numbers

The FY2025 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$35.5M

Ln 12

Fees for servicesLn 2g$26.7M

Gifts and grantsLn 1h$6.0M

Investment incomeLn 3$2.5M

Money outPt IX

$31.9M

Ln 25

Programscol B$26.7M

Managementcol C$3.4M

Fundraisingcol D$1.7M

Owns and owesPt X

$115.4M

net assets · Ln 32

Cash and savingsLn 1–2$9.6M

Total assetsLn 16$146.4M

LiabilitiesLn 26$31.1M

PeoplePt VI, VII

32

listed · VII A

PaidVII A7

Voting boardVI 1a21

IndependentVI 1b19

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$6.0M

Government grantsLn 1e$913K

Noncash giftsLn 1g$240K

Fundraising eventsLn 1c$80K

Fees for servicesLn 2g$26.7M

Investment incomeLn 3$2.5M

Other incomeLn 4–11$241K

Gains on assetsLn 7$561K

Total revenueLn 12$35.5M

Assets in detailPt X, end of year

CashLn 1$3.2M

SavingsLn 2$6.4M

Cash and savings togetherLn 1–2$9.6M

InvestmentsLn 11–13$76.5M

Land, buildings, equipmentLn 10c$51.0M

Other assetsLn 15$2.9M

Total assetsLn 16$146.4M

LiabilitiesLn 26$31.1M

Net assetsLn 32$115.4M

OperationsPt I, VI

EmployeesI 5197

VolunteersI 641

Fiscal year endsHeaderJune

Conflict-of-interest policyVI 12aYes

Whistleblower policyVI 13Yes

Records policyVI 14Yes

3Year over year

Balance sheet, start vs end of yearPt X · col A, B

Line	Start FY25	End FY25
Cash and savingsLn 1–2	$9.9M	$9.6M
InvestmentsLn 11–13	$72.1M	$76.5M
Land, buildings, equipmentLn 10c	$47.9M	$51.0M
Total assetsLn 16	$146.2M	$146.4M
LiabilitiesLn 26	$40.8M	$31.1M
Net assetsLn 32	$105.4M	$115.4M

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Grants to domestic individualsLn 2	$7.3M	$7.3M
Pay of current officers, directors and key staffLn 5	$767K	$383K	$383K
Other salaries and wagesLn 7	$8.8M	$6.7M	$1.2M	$895K
Pension plan contributionsLn 8	$797K	$599K	$120K	$78K
Other employee benefitsLn 9	$1.5M	$1.1M	$238K	$142K
Payroll taxesLn 10	$656K	$482K	$113K	$60K
Legal feesLn 11b	$27K		$27K
Accounting feesLn 11c	$90K		$90K
Investment management feesLn 11f	$80K		$80K
Other fees for servicesLn 11g	$2.0M	$1.4M	$322K	$200K
Advertising and promotionLn 12	$112K	$86K	$26K
Office expensesLn 13	$1.6M	$1.2M	$274K	$133K
Information technologyLn 14	$311K	$275K	$6K	$29K
OccupancyLn 16	$1.5M	$1.4M	$72K	$19K
TravelLn 17	$234K	$190K	$15K	$28K
InterestLn 20	$696K	$653K	$34K	$9K
Depreciation, depletion and amortizationLn 22	$2.9M	$2.8M	$144K	$39K
InsuranceLn 23	$168K	$2K	$166K
Other expenses (24a–d)Ln 24	$2.4M	$2.2M	$150K	$114K
Total functional expensesLn 25	$31.9M	$26.7M	$3.4M	$1.7M

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2025 Latest Viewing	$35.5M	$31.9M	$3.6M	$115.4M	990 PDF
FY2024	$31.6M	$30.2M	$1.4M	$105.4M	990 PDF
FY2023	$28.0M	$28.0M	$9K	$96.4M	990 PDF
FY2022	$30.3M	$26.0M	$4.3M	$90.0M	990 PDF
FY2021	$26.6M	$24.3M	$2.4M	$91.8M	990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support M · Noncash J · Pay O · Explanations

See the full FY2025 990 (6 parts)

Part I · Summary $35,454,521 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $4,691,455$6,031,561

I-9 Program service revenuePrior year $24,561,438$26,689,710

I-10 Investment incomePrior year $2,097,289$2,492,552

I-11 Other revenuePrior year $252,126$240,698

I-12 Total revenuePrior year $31,602,308$35,454,521

I-13 Grants and similar amounts paidPrior year $6,771,551$7,265,984

I-14 Benefits paid to membersPrior year $0$0

I-15 Salaries and benefitsPrior year $12,137,051$12,478,611

I-16a Professional fundraising feesPrior year $0$0

I-17 Other expensesPrior year $11,253,804$12,158,683

I-18 Total expensesPrior year $30,162,406$31,903,278

I-19 Revenue less expensesPrior year $1,439,902$3,551,243

Part VI · Governance 19 of 21 board members independent, no flags

VI-1a Voting members of the governing body21

VI-1b Independent voting members19

VI-2 Family or business relationship among officers or directorsNo

VI-12a Written conflict of interest policyYes

VI-13 Written whistleblower policyYes

VI-14 Document retention and destruction policyYes

VI-15a Process for setting top official's payYes

Part VIII · Statement of revenue $35,454,521 across 12 lines filed

Lines not itemized here account for −$23,945 of total revenue; see the IRS return.

VIII-1c Fundraising events$80,267

VIII-1e Government grants$913,332

VIII-1f All other contributions, gifts and grants$5,037,962

VIII-1g Noncash contributions (included above)$239,856

VIII-1h Total contributions, gifts and grants$6,031,561

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $26,689,710$26,689,710

VIII-3 Investment incomeExcluded from tax $1,931,892$1,931,892

VIII-6 Net rental income or lossExcluded from tax $36,087$36,087

VIII-7 Net gain or loss on sales of assetsExcluded from tax $560,660$560,660

VIII-8 Net income from fundraising eventsExcluded from tax −$2,228−$2,228

VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Unrelated business $147,717 · Excluded from tax $83,067$230,784

VIII-12 Total revenueRelated to mission $26,689,710 · Unrelated business $147,717 · Excluded from tax $2,585,533$35,454,521

Part IX · Statement of functional expenses $31,903,278 across 19 lines filed

IX-2 Grants to domestic individualsPrograms $7,265,984$7,265,984

IX-5 Pay of current officers, directors and key staffPrograms $383,449 · Management $383,449$766,898

IX-7 Other salaries and wagesPrograms $6,711,521 · Management $1,159,944 · Fundraising $895,430$8,766,895

IX-8 Pension plan contributionsPrograms $599,452 · Management $119,906 · Fundraising $78,049$797,407

IX-9 Other employee benefitsPrograms $1,112,019 · Management $237,523 · Fundraising $142,330$1,491,872

IX-10 Payroll taxesPrograms $482,417 · Management $112,997 · Fundraising $60,125$655,539

IX-11b Legal feesManagement $27,495$27,495

IX-11c Accounting feesManagement $90,181$90,181

IX-11f Investment management feesManagement $79,615$79,615

IX-11g Other fees for servicesPrograms $1,442,912 · Management $321,890 · Fundraising $199,809$1,964,611

IX-12 Advertising and promotionPrograms $86,386 · Management $25,649$112,035

IX-13 Office expensesPrograms $1,151,061 · Management $274,407 · Fundraising $132,504$1,557,972

IX-14 Information technologyPrograms $275,408 · Management $6,325 · Fundraising $29,130$310,863

IX-16 OccupancyPrograms $1,432,245 · Management $72,016 · Fundraising $19,473$1,523,734

IX-17 TravelPrograms $190,142 · Management $15,436 · Fundraising $28,236$233,814

IX-20 InterestPrograms $652,522 · Management $34,038 · Fundraising $9,204$695,764

IX-22 Depreciation, depletion and amortizationPrograms $2,765,051 · Management $144,236 · Fundraising $39,002$2,948,289

IX-23 InsurancePrograms $1,854 · Management $165,651$167,505

IX-24 Other expenses (24a–d)Programs $2,182,671 · Management $149,645 · Fundraising $114,489$2,446,805

IX-25 Total functional expensesPrograms $26,735,094 · Management $3,420,403 · Fundraising $1,747,781$31,903,278

Part X · Balance sheet $146,435,229 assets, 19 lines filed

X-1 Cash, non-interest-bearingStart of year $3,260,574$3,170,681

X-2 Savings and temporary cash investmentsStart of year $6,659,072$6,382,393

X-3 Pledges and grants receivableStart of year $2,559,570$1,644,834

X-4 Accounts receivableStart of year $10,462,123$4,325,769

X-8 Inventories for sale or useStart of year $182,384$216,279

X-9 Prepaid expenses and deferred chargesStart of year $376,157$314,993

X-10c Land, buildings and equipment, netStart of year $47,937,354$50,960,649

X-11 Publicly traded securitiesStart of year $72,089,712$76,484,132

X-15 Other assetsStart of year $2,684,584$2,935,499

X-16 Total assetsStart of year $146,211,530$146,435,229

X-17 Accounts payable and accrued expensesStart of year $3,149,298$1,545,313

X-19 Deferred revenueStart of year $17,154,246$10,141,300

X-20 Tax-exempt bond liabilitiesStart of year $19,300,083$17,801,183

X-25 Other liabilitiesStart of year $897,408$1,328,911

X-26 Total liabilitiesStart of year $40,782,586$31,057,034

X-27 Net assets without donor restrictionsStart of year $73,480,768$81,169,003

X-28 Net assets with donor restrictionsStart of year $31,948,176$34,209,192

X-32 Total net assets or fund balancesStart of year $105,428,944$115,378,195

X-33 Total liabilities and net assetsStart of year $146,211,530$146,435,229

Part XI · Reconciliation of net assets $115,378,195 net assets at year end

XI-1 Total revenue$35,454,521

XI-2 Total expenses$31,903,278

XI-3 Revenue less expenses$3,551,243

XI-4 Net assets at start of year$105,428,944

XI-5 Net unrealized gains (losses) on investments$6,386,976

XI-9 Other changes in net assets$11,032

XI-10 Net assets at end of year$115,378,195

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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