Proctor Academy

Tax-deductible

Andover, NH501(c)(3)Since 1848EducationEIN 02-0222179Revenue $43.4M in FY2025

On file with the IRSproctoracademy.orgPo Box 500, 03216-0500 · Andover, NHTax-exempt since Jun 1946School — 170(b)(1)(A)(ii)

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Taking inspiration from our motto, Proctor Academy creates a diverse learning and living community: one that values the individual and recognizes the potential of each member to stretch beyond what had been thought possible. Balancing academic rigor, structure, and support with the freedom for students to explore, create and define themselves, Proctor encourages students to achieve their optimal growth. A deep commitment to a learning skills program and a strong emphasis on experiential learning is interwoven throughout proctor's academic, athletic, artistic, and environmentally conscious programs both on and off campus. Proctor students graduate understanding the values of honesty, compassion, respect, and resonsibilty, proceeding with confidence and with strategies to become life-long learners and thoughtful contributors to their communities.

501(c)(3) charity; gifts are tax-deductible.
82¢ of each $1 spent went to programs.
Run by 325 volunteers and 365 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · 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
6 of 6
filings with a surplus
Average surplus $3.1M a year · 9% of revenue · last 6 filings
Looks good: a surplus in 6 of the last 6 filings.
Pt I · Ln 19 · 6 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
$883K
to officers and key staff · 2% of spending
Top officer’s pay higher than 58% of similar orgs
Looks good: pay to officers and key staff is 2% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
4 mo
of spending, in cash
Looks good: 3.8 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $6K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$24.1M
23% of total assets
Looks good: liabilities are 23% of assets; 50% or less.
Pt X · Ln 26
Independent board members
25
of 25 voting members
Looks good: 25 of 25 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$43.4M
+12% vs prior year
Spent
$36.6M
To programs
82%
Net assets
$81.9M
By yearFY2020–FY2025
Revenue
$43.4M
FY2025▲ +12%
Tap a bar for its year
Revenue by fiscal year
FY2020$31.5M
FY2021$32.5M
FY2022$32.1M
FY2023$34.3M
FY2024$38.8M
FY2025$43.4M
Expenses
$36.6M
FY2025▲ +4%
Tap a bar for its year
Expenses by fiscal year
FY2020$28.9M
FY2021$29.7M
FY2022$30.7M
FY2023$32.8M
FY2024$35.3M
FY2025$36.6M
Net assets
$81.9M
FY2025▲ +11%
Tap a bar for its year
Net assets by fiscal year
FY2020$60.6M
FY2021$68.1M
FY2022$64.0M
FY2023$68.1M
FY2024$73.6M
FY2025$81.9M

From the FY2025 Form 990 (year ending June 2025) · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jun 1946.

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% · $30.1M Management & general 14% · $5.2M Fundraising 4% · $1.3M

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

30 people listed on the 990; $883K 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
Head of School Through 6/30/24
$272,469Pt VII · Sec A
Intm. Head of School 7/1/24 - 6/30/25
$176,270Pt VII · Sec A
Chief Financial and Operations Officer
$154,298Pt VII · Sec A
Director of Enrollment & M
$151,260Pt VII · Sec A
Chief Strategy and Comm
$129,102Pt VII · Sec A
$0Pt VII · Sec A
Trustee
$0Pt VII · Sec A
$0Pt VII · Sec A

Brian Thomas’s $272K as Head of School Through 6/30/24 is at the 58th 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

NameFY2025FY2024FY2023FY2022FY2021FY2020
Michael Henriques———$258,577$386,643$379,970
Brian Thomas$272,469$267,164$286,999$148,638——
John Ferris————$204,671$202,839
Keith Barrett—$194,031$188,254$183,839$180,143$176,947
Steve Wilkins$176,270—————
Kurt Croft$154,298$76,213————
Christopher Bartlett$151,260$141,170$132,190$129,653$126,977$125,578
Karin Clough—$139,162$150,208$129,136$113,509$101,576

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

Fosters individual growth through rigorous academics, experiential learning, and community.

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Provided by the organization

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1 program · $30.1M · in their own filed words · FY2024
01

Educating approximately 390 students taught by 90 faculty and specialists in 180 school days and in 3 trimesters.

$30.1Mprogram 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
Total grants receivedfrom 1 funder$6K
Grants paid · 2 grants · $12.7M · 2022–2023
Unitemized GrantFY2023$6,647,007
Unitemized GrantFY2022$6,050,579

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$43.4M
Ln 12
Fees for servicesLn 2g$30.7M
Gifts and grantsLn 1h$9.8M
Investment incomeLn 3$2.5M
Money outPt IX
$36.6M
Ln 25
Programscol B$30.1M
Managementcol C$5.2M
Fundraisingcol D$1.3M
Owns and owesPt X
$81.9M
net assets · Ln 32
Cash and savingsLn 1–2$11.6M
Total assetsLn 16$106.0M
LiabilitiesLn 26$24.1M
PeoplePt VI, VII
30
listed · VII A
PaidVII A5
Voting boardVI 1a25
IndependentVI 1b25
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$9.8M
Noncash giftsLn 1g$84K
Fundraising eventsLn 1c$10K
Fees for servicesLn 2g$30.7M
Investment incomeLn 3$2.5M
Other incomeLn 4–11$369K
Gains on assetsLn 7$1.2M
Total revenueLn 12$43.4M
Assets in detailPt X, end of year
CashLn 1$11.6M
Cash and savings togetherLn 1–2$11.6M
InvestmentsLn 11–13$41.7M
Land, buildings, equipmentLn 10c$48.4M
Other assetsLn 15$741K
Total assetsLn 16$106.0M
LiabilitiesLn 26$24.1M
Net assetsLn 32$81.9M
OperationsPt I, VI
EmployeesI 5365
VolunteersI 6325
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
LineStart FY25End FY25
Cash and savingsLn 1–2$8.7M$11.6M
InvestmentsLn 11–13$37.3M$41.7M
Land, buildings, equipmentLn 10c$47.8M$48.4M
Total assetsLn 16$97.6M$106.0M
LiabilitiesLn 26$24.0M$24.1M
Net assetsLn 32$73.6M$81.9M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$6.5M$6.5M
Grants and assistance to foreign recipientsLn 3$497K$497K
Pay of current officers, directors and key staffLn 5$580K$580K
Other salaries and wagesLn 7$12.1M$9.5M$2.0M$681K
Pension plan contributionsLn 8$686K$518K$130K$37K
Other employee benefitsLn 9$1.7M$1.3M$311K$95K
Payroll taxesLn 10$908K$680K$179K$49K
Legal feesLn 11b$111K$111K
Accounting feesLn 11c$545K$545K
Investment management feesLn 11f$170K$170K
Other fees for servicesLn 11g$151K$83K$63K$4K
Advertising and promotionLn 12$95K$6K$79K$10K
Office expensesLn 13$824K$506K$264K$53K
Information technologyLn 14$593K$384K$168K$41K
OccupancyLn 16$2.6M$2.4M$109K$52K
TravelLn 17$818K$716K$47K$54K
InterestLn 20$477K$444K$24K$10K
Depreciation, depletion and amortizationLn 22$3.2M$3.0M$160K$64K
InsuranceLn 23$775K$692K$62K$21K
Other expenses (24a–d)Ln 24$3.1M$2.8M$127K$154K
All other expensesLn 24e$245K$153K$88K$4K
Total functional expensesLn 25$36.6M$30.1M$5.2M$1.3M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $43.4M$36.6M$6.8M$81.9M 990 PDF
FY2024 $38.8M$35.3M$3.5M$73.6M 990 PDF
FY2023 $34.3M$32.8M$1.5M$68.1M 990 PDF
FY2022 $32.1M$30.7M$1.4M$64.0M 990 PDF
FY2021 $32.5M$29.7M$2.8M$68.1M 990 PDF
FY2020 $31.5M$28.9M$2.6M$60.6M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2025 990 (6 parts)
Part I · Summary $43,431,267 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $8,438,967$9,825,760
I-9 Program service revenuePrior year $28,665,509$30,692,918
I-10 Investment incomePrior year $1,484,723$2,543,428
I-11 Other revenuePrior year $223,305$369,161
I-12 Total revenuePrior year $38,812,504$43,431,267
I-13 Grants and similar amounts paidPrior year $6,647,007$7,035,157
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $16,236,772$15,977,428
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $12,383,938$13,631,688
I-18 Total expensesPrior year $35,267,717$36,644,273
I-19 Revenue less expensesPrior year $3,544,787$6,786,994
Part VI · Governance 25 of 25 board members independent, no flags
VI-1a Voting members of the governing body25
VI-1b Independent voting members25
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 $43,431,267 across 11 lines filed
Lines not itemized here account for $58,808 of total revenue; see the IRS return.
VIII-1c Fundraising events$10,175
VIII-1f All other contributions, gifts and grants$9,815,585
VIII-1g Noncash contributions (included above)$83,717
VIII-1h Total contributions, gifts and grants$9,825,760
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $30,692,918$30,692,918
VIII-3 Investment incomeExcluded from tax $1,375,951$1,375,951
VIII-6 Net rental income or lossExcluded from tax $17,861$17,861
VIII-7 Net gain or loss on sales of assetsExcluded from tax $1,167,477$1,167,477
VIII-8 Net income from fundraising eventsExcluded from tax −$1,834−$1,834
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Unrelated business $294,326$294,326
VIII-12 Total revenueRelated to mission $30,692,918 · Unrelated business $294,326 · Excluded from tax $2,618,263$43,431,267
Part IX · Statement of functional expenses $36,644,273 across 21 lines filed
IX-2 Grants to domestic individualsPrograms $6,538,057$6,538,057
IX-3 Grants and assistance to foreign recipientsPrograms $497,100$497,100
IX-5 Pay of current officers, directors and key staffManagement $579,627$579,627
IX-7 Other salaries and wagesPrograms $9,450,370 · Management $1,951,136 · Fundraising $680,733$12,082,239
IX-8 Pension plan contributionsPrograms $518,056 · Management $130,131 · Fundraising $37,317$685,504
IX-9 Other employee benefitsPrograms $1,316,169 · Management $310,716 · Fundraising $94,807$1,721,692
IX-10 Payroll taxesPrograms $680,238 · Management $179,129 · Fundraising $48,999$908,366
IX-11b Legal feesManagement $110,782$110,782
IX-11c Accounting feesManagement $545,265$545,265
IX-11f Investment management feesManagement $170,074$170,074
IX-11g Other fees for servicesPrograms $83,082 · Management $63,274 · Fundraising $4,426$150,782
IX-12 Advertising and promotionPrograms $5,862 · Management $78,505 · Fundraising $10,228$94,595
IX-13 Office expensesPrograms $506,369 · Management $264,498 · Fundraising $52,639$823,506
IX-14 Information technologyPrograms $383,850 · Management $168,025 · Fundraising $41,281$593,156
IX-16 OccupancyPrograms $2,400,856 · Management $109,235 · Fundraising $51,631$2,561,722
IX-17 TravelPrograms $716,358 · Management $47,429 · Fundraising $54,254$818,041
IX-20 InterestPrograms $443,580 · Management $23,848 · Fundraising $9,539$476,967
IX-22 Depreciation, depletion and amortizationPrograms $2,982,778 · Management $160,364 · Fundraising $64,146$3,207,288
IX-23 InsurancePrograms $692,002 · Management $61,765 · Fundraising $20,803$774,570
IX-24 Other expenses (24a–d)Programs $2,778,785 · Management $126,855 · Fundraising $154,391$3,060,031
IX-24e All other expensesPrograms $153,220 · Management $88,158 · Fundraising $3,531$244,909
IX-25 Total functional expensesPrograms $30,146,732 · Management $5,168,816 · Fundraising $1,328,725$36,644,273
Part X · Balance sheet $106,034,069 assets, 19 lines filed
X-1 Cash, non-interest-bearingStart of year $8,659,371$11,563,830
X-3 Pledges and grants receivableStart of year $1,611,965$2,535,313
X-4 Accounts receivableStart of year $523,856$270,667
X-8 Inventories for sale or useStart of year $260,715$259,670
X-9 Prepaid expenses and deferred chargesStart of year $782,285$535,474
X-10c Land, buildings and equipment, netStart of year $47,818,503$48,428,498
X-11 Publicly traded securitiesStart of year $36,512,074$40,886,013
X-12 Other securitiesStart of year $813,987$813,987
X-15 Other assetsStart of year $665,023$740,617
X-16 Total assetsStart of year $97,647,779$106,034,069
X-17 Accounts payable and accrued expensesStart of year $1,569,296$1,832,041
X-19 Deferred revenueStart of year $5,312,558$5,702,948
X-20 Tax-exempt bond liabilitiesStart of year $16,867,133$16,302,492
X-25 Other liabilitiesStart of year $286,348$263,558
X-26 Total liabilitiesStart of year $24,035,335$24,101,039
X-27 Net assets without donor restrictionsStart of year $44,951,108$45,285,483
X-28 Net assets with donor restrictionsStart of year $28,661,336$36,647,547
X-32 Total net assets or fund balancesStart of year $73,612,444$81,933,030
X-33 Total liabilities and net assetsStart of year $97,647,779$106,034,069
Part XI · Reconciliation of net assets $81,933,030 net assets at year end
XI-1 Total revenue$43,431,267
XI-2 Total expenses$36,644,273
XI-3 Revenue less expenses$6,786,994
XI-4 Net assets at start of year$73,612,444
XI-5 Net unrealized gains (losses) on investments$1,533,609
XI-9 Other changes in net assets−$17
XI-10 Net assets at end of year$81,933,030

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

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