Kimball Union Academy FY2021 filing

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Our mission is to create a deep sense of belonging for every member of our community. Through intentionally designed experiences and challenges, our students develop the knowledge, voice, and character to live with purpose and integrity.

501(c)(3) charity; gifts are tax-deductible.
82¢ of each $1 spent went to programs.
$1.1M paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 5
filings with a surplus
Average surplus $2.3M a year · 8% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
82%
of spending
Looks good: 82% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$1.1M
to officers and key staff · 4% of spending
Looks good: pay to officers and key staff is 4% of spending; 15% or less.
Pt VII · Sec A
5 mo
of spending, in cash
Plus $64.4M in investments, Pt X · Ln 11–13
Looks good: 4.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
5
named funders · $132K
Looks good: 5 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$32.0M
26% of total assets
Looks good: liabilities are 26% of assets; 50% or less.
Pt X · Ln 26
Independent board members
17
of 17 voting members
Looks good: 17 of 17 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$26.6M
Spent
$24.3M
To programs
82%
Net assets
$91.8M
By yearFY2021–FY2025
Revenue
$26.6M
FY2021
Tap a bar for its year
Revenue by fiscal year
FY2021$26.6M
FY2022$30.3M
FY2023$28.0M
FY2024$31.6M
FY2025$35.5M
Expenses
$24.3M
FY2021
Tap a bar for its year
Expenses by fiscal year
FY2021$24.3M
FY2022$26.0M
FY2023$28.0M
FY2024$30.2M
FY2025$31.9M
Net assets
$91.8M
FY2021
Tap a bar for its year
Net assets by fiscal year
FY2021$91.8M
FY2022$90.0M
FY2023$96.4M
FY2024$105.4M
FY2025$115.4M

From the FY2021 Form 990 (year ending June 2021) · figures checked against the IRS filing · see the original

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You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2025) →

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

82 cents of each dollar spent went to programs.

Program services 82% · $20.0M Management & general 15% · $3.5M Fundraising 3% · $766K

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

24 people listed on the 990; $1.1M paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
Head of School
$337,998Pt VII · Sec A
$186,866Pt VII · Sec A
Chief Operating Officer
$156,814Pt VII · Sec A
Assistant Head of School
$124,424Pt VII · Sec A
Director of Admission
$106,410Pt VII · Sec A
Director of Advancement
$92,029Pt VII · Sec A
Interim Director of Advancement
$76,474Pt VII · Sec A
$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

NameFY2025FY2024FY2023FY2022FY2021
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.

See Kimball Union Academy executive salaries →

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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1 program · $20.0M · in their own filed words · FY2020
01

Private high school that serves 258 boarding students and 88 day students.

$20.0Mprogram 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
See all 5 funders →
Grants paid · 1 grant · $5.7M · 2020–2020
Unitemized GrantFY2020$5,713,860

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$26.6M
Ln 12
Fees for servicesLn 2g$20.8M
Gifts and grantsLn 1h$3.8M
Investment incomeLn 3$1.9M
Money outPt IX
$24.3M
Ln 25
Programscol B$20.0M
Managementcol C$3.5M
Fundraisingcol D$766K
Owns and owesPt X
$91.8M
net assets · Ln 32
Cash and savingsLn 1–2$9.4M
Total assetsLn 16$123.8M
LiabilitiesLn 26$32.0M
PeoplePt VI, VII
24
listed · VII A
PaidVII A7
Voting boardVI 1a17
IndependentVI 1b17
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$3.8M
Government grantsLn 1e$1.9M
Noncash giftsLn 1g$65K
Fees for servicesLn 2g$20.8M
Investment incomeLn 3$1.9M
Other incomeLn 4–11$119K
Gains on assetsLn 7$572K
Total revenueLn 12$26.6M
Assets in detailPt X, end of year
CashLn 1$9.4M
Cash and savings togetherLn 1–2$9.4M
InvestmentsLn 11–13$64.4M
Land, buildings, equipmentLn 10c$36.3M
Other assetsLn 15$2.6M
Total assetsLn 16$123.8M
LiabilitiesLn 26$32.0M
Net assetsLn 32$91.8M
OperationsPt I, VI
EmployeesI 5197
VolunteersI 641
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3More from this return
BondsSch K, Pt X
Tax-exempt bond debt owedX 20$12.9M
Bond issues listedSch K Pt I1
Raised by those issuesSch K Pt I$14.7M
Abroad and in kindSch F, M
Noncash gifts receivedSch M Pt I$65K
Investment feesPt IX, Sch D
Investment fees, as reportedPt IX 11f$105K
Share of the $64.0M endowmentSch D 1g0.16%
EndowmentSch D · Pt V
LineFY21FY20FY19FY18FY17
End of yearLn 1g$64.0M$53.0M$51.9M$31.1M$29.9M
Given inLn 1b$90K$98K$20.1M$174K$114K
SpentLn 1d–1f$1.2M$828K$1.6M$725K$670K
4Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$7.6M$9.4M
InvestmentsLn 11–13$54.6M$64.4M
Land, buildings, equipmentLn 10c$37.6M$36.3M
Total assetsLn 16$112.6M$123.8M
LiabilitiesLn 26$34.0M$32.0M
Net assetsLn 32$78.6M$91.8M
5Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$5.7M$5.7M
Pay of current officers, directors and key staffLn 5$719K$245K$474K
Other salaries and wagesLn 7$7.2M$5.5M$1.3M$440K
Pension plan contributionsLn 8$607K$464K$108K$36K
Other employee benefitsLn 9$949K$716K$178K$55K
Payroll taxesLn 10$549K$401K$117K$30K
Legal feesLn 11b$57K$57K
Accounting feesLn 11c$72K$72K
Investment management feesLn 11f$105K$105K
OccupancyLn 16$1.1M$1.0M$58K$14K
InterestLn 20$467K$440K$21K$6K
Depreciation, depletion and amortizationLn 22$2.5M$2.3M$138K$32K
Other expenses (24a–d)Ln 24$4.2M$3.1M$916K$152K
Total functional expensesLn 25$24.3M$20.0M$3.5M$766K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled with the IRS May 13, 2026 $35.5M$31.9M$3.6M$115.4M 990 PDF
FY2024Filed with the IRS Nov 14, 2024 $31.6M$30.2M$1.4M$105.4M 990 PDF
FY2023Filed with the IRS Nov 14, 2023 $28.0M$28.0M$9K$96.4M 990 PDF
FY2022Filed with the IRS Nov 15, 2022 $30.3M$26.0M$4.3M$90.0M 990 PDF
FY2021 ViewingFiled with the IRS Nov 12, 2021 $26.6M$24.3M$2.4M$91.8M 990 PDF

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 FY2021 990 (6 parts)
Part I · Summary $26,647,402 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $2,974,122$3,843,176
I-9 Program service revenuePrior year $20,835,430$20,832,386
I-10 Investment incomePrior year $5,917,372$1,852,579
I-11 Other revenuePrior year $146,207$119,261
I-12 Total revenuePrior year $29,873,131$26,647,402
I-13 Grants and similar amounts paidPrior year $5,864,724$5,713,860
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $10,061,510$10,070,386
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $8,653,032$8,507,738
I-18 Total expensesPrior year $24,579,266$24,291,984
I-19 Revenue less expensesPrior year $5,293,865$2,355,418
Part VI · Governance 17 of 17 board members independent, no flags
VI-1a Voting members of the governing body17
VI-1b Independent voting members17
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 $26,647,402 across 10 lines filed
Lines not itemized here account for −$18,901 of total revenue; see the IRS return.
VIII-1e Government grants$1,898,827
VIII-1f All other contributions, gifts and grants$1,944,349
VIII-1g Noncash contributions (included above)$65,158
VIII-1h Total contributions, gifts and grants$3,843,176
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $20,832,386$20,832,386
VIII-3 Investment incomeRelated to mission $1,280,739$1,280,739
VIII-6 Net rental income or lossExcluded from tax $23,280$23,280
VIII-7 Net gain or loss on sales of assetsRelated to mission $571,840$571,840
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Unrelated business $114,882$114,882
VIII-12 Total revenueRelated to mission $22,684,965 · Unrelated business $114,882 · Excluded from tax $4,379$26,647,402
Part IX · Statement of functional expenses $24,291,984 across 13 lines filed
IX-2 Grants to domestic individualsPrograms $5,713,860$5,713,860
IX-5 Pay of current officers, directors and key staffPrograms $244,730 · Management $473,868$718,598
IX-7 Other salaries and wagesPrograms $5,519,807 · Management $1,287,412 · Fundraising $439,939$7,247,158
IX-8 Pension plan contributionsPrograms $463,717 · Management $107,550 · Fundraising $35,965$607,232
IX-9 Other employee benefitsPrograms $715,967 · Management $178,027 · Fundraising $54,775$948,769
IX-10 Payroll taxesPrograms $401,000 · Management $117,456 · Fundraising $30,173$548,629
IX-11b Legal feesManagement $57,260$57,260
IX-11c Accounting feesManagement $72,055$72,055
IX-11f Investment management feesManagement $105,417$105,417
IX-16 OccupancyPrograms $1,045,000 · Management $58,122 · Fundraising $14,379$1,117,501
IX-20 InterestPrograms $439,726 · Management $20,891 · Fundraising $6,082$466,699
IX-22 Depreciation, depletion and amortizationPrograms $2,332,243 · Management $138,138 · Fundraising $32,261$2,502,642
IX-24 Other expenses (24a–d)Programs $3,117,641 · Management $916,215 · Fundraising $152,308$4,186,164
IX-25 Total functional expensesPrograms $19,993,691 · Management $3,532,411 · Fundraising $765,882$24,291,984
Part X · Balance sheet $123,763,402 assets, 18 lines filed
X-1 Cash, non-interest-bearingStart of year $7,555,552$9,419,324
X-3 Pledges and grants receivableStart of year $2,004,389$1,476,338
X-4 Accounts receivableStart of year $8,261,962$8,722,546
X-8 Inventories for sale or useStart of year $164,817$189,027
X-9 Prepaid expenses and deferred chargesStart of year $237,602$567,074
X-10c Land, buildings and equipment, netStart of year $37,636,455$36,342,245
X-11 Publicly traded securitiesStart of year $54,638,296$64,421,954
X-15 Other assetsStart of year $2,148,480$2,624,894
X-16 Total assetsStart of year $112,647,553$123,763,402
X-17 Accounts payable and accrued expensesStart of year $1,031,748$992,244
X-19 Deferred revenueStart of year $13,423,791$14,711,051
X-20 Tax-exempt bond liabilitiesStart of year $13,275,019$12,948,656
X-25 Other liabilitiesStart of year $4,037,436$3,036,209
X-26 Total liabilitiesStart of year $34,004,330$31,962,960
X-27 Net assets without donor restrictionsStart of year $58,812,695$68,223,976
X-28 Net assets with donor restrictionsStart of year $19,830,528$23,576,466
X-32 Total net assets or fund balancesStart of year $78,643,223$91,800,442
X-33 Total liabilities and net assetsStart of year $112,647,553$123,763,402
Part XI · Reconciliation of net assets $91,800,442 net assets at year end
XI-1 Total revenue$26,647,402
XI-2 Total expenses$24,291,984
XI-3 Revenue less expenses$2,355,418
XI-4 Net assets at start of year$78,643,223
XI-5 Net unrealized gains (losses) on investments$9,833,535
XI-9 Other changes in net assets$968,266
XI-10 Net assets at end of year$91,800,442

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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