Proctor Academy FY2020 filing

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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.

Form 990 Part I, line 1, FY2020. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 02-0222179) · Dispute this line
501(c)(3) charity; gifts are tax-deductible.
86¢ 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

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
The IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
The latest return is for FY2025, 1 tax year back.
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
A surplus in 6 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
86%
of spending
86% of spending went to programs.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$1.1M
to officers and key staff · 4% of spending
Pay to officers and key staff is 4% of spending.
Part VII, Section A
1.7 mo
of spending, in cash
Plus $31.2M in investments, Pt X · Ln 11–13
1.7 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $6K
1 funder names it on their filings.
Funders’ Sch. I, 990-PF
Liabilities
$27.6M
31% of total assets
Liabilities are 31% of assets.
Pt X · Ln 26
Independent board members
30
of 30 voting members
30 of 30 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$31.5M
Spent
$28.9M
To programs
86%
Net assets
$60.6M
By yearFY2020–FY2025
Revenue
$31.5M
FY2020
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
$28.9M
FY2020
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
$60.6M
FY2020
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 FY2020 Form 990 (year ending June 2020) · figures checked against the IRS filing · see the original

You’re viewing the FY2020 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 Jun 1946.

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

Where the money goes

86 cents of each dollar spent went to programs.

Program services 86% · $24.8M Management & general 10% · $2.8M Fundraising 5% · $1.4M

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

36 people listed on the 990; $1.1M paid to officers and key staff (Part VII, Section A).

Part VII, Section A · reportable compensation
Head of School
$379,970Pt VII · Sec A
$202,839Pt VII · Sec A
Director of Development
$176,947Pt VII · Sec A
Director of Enrollment & Marketing
$125,578Pt VII · Sec A
Dean of Faculty
$104,506Pt VII · Sec A
Assistant Head of School
$101,576Pt VII · Sec A
$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.

See Proctor 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

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

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1 program · $24.8M · in their own filed words · FY2019
01

Educating 370 high school students taught by 90 faculty and specialists in 180 school days and in 3 trimesters.

Form 990 Part III, line 4, FY2019. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 02-0222179) · Dispute this line
$24.8Mprogram 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 FY2020 990, line by line.

1The main four
Money inPt VIII
$31.5M
Ln 12
Fees for servicesLn 2g$23.0M
Gifts and grantsLn 1h$6.3M
Other incomeLn 4–11$1.7M
Money outPt IX
$28.9M
Ln 25
Programscol B$24.8M
Managementcol C$2.8M
Fundraisingcol D$1.4M
Owns and owesPt X
$60.6M
net assets · Ln 32
Cash and savingsLn 1–2$4.1M
Total assetsLn 16$88.2M
LiabilitiesLn 26$27.6M
PeoplePt VI, VII
36
listed · VII A
PaidVII A6
Voting boardVI 1a30
IndependentVI 1b30
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$6.3M
Noncash giftsLn 1g$453K
Fees for servicesLn 2g$23.0M
Investment incomeLn 3$548K
Other incomeLn 4–11$1.7M
Gains on assetsLn 7$1.6M
Total revenueLn 12$31.5M
Assets in detailPt X, end of year
CashLn 1$4.1M
Cash and savings togetherLn 1–2$4.1M
Pledges and grants receivableLn 3$2.1M
Accounts receivableLn 4$359K
Inventories for sale or useLn 8$278K
Prepaid expenses and deferred chargesLn 9$384K
Land, buildings, equipmentLn 10c$49.1M
InvestmentsLn 11–13$31.2M
Other assetsLn 15$714K
Total assetsLn 16$88.2M
LiabilitiesLn 26$27.6M
Net assetsLn 32$60.6M
OperationsPt I, VI
EmployeesI 5365
VolunteersI 6325
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$19.3M
Bond issues listedSch K Pt I1
Raised by those issuesSch K Pt I$25.0M
Abroad and in kindSch F, M
Noncash gifts receivedSch M Pt I$453K
Investment feesPt IX, Sch D
Investment fees, as reportedPt IX 11f$120K
Share of the $27.4M endowmentSch D 1g0.44%
Typical, median of 2,202 orgs0.44%
EndowmentSch D · Pt V
LineFY20FY19FY18FY17FY16
End of yearLn 1g$27.4M$28.8M$28.0M$25.7M$20.7M
AddedLn 1b$480K$547K$1.7M$454K$159K
SpentLn 1d–1f$2.4M$1.3M$985K−$2.2M$973K
4Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$417K$4.1M
InvestmentsLn 11–13$31.4M$31.2M
Land, buildings, equipmentLn 10c$48.3M$49.1M
Total assetsLn 16$83.5M$88.2M
LiabilitiesLn 26$24.1M$27.6M
Net assetsLn 32$59.4M$60.6M
Business incomeForm 990-T, Part I
LineFY25FY24
Gross$279K$287K
Net$279K$287K
Tax$0$0
5Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$4.6M$4.6M
Pay of officers and key staff (Part IX, line 5)Ln 5$640K$640K
Other salaries and wagesLn 7$10.5M$8.9M$802K$831K
Pension plan contributionsLn 8$608K$510K$51K$48K
Other employee benefitsLn 9$1.7M$1.4M$200K$129K
Payroll taxesLn 10$764K$611K$96K$57K
Legal feesLn 11b$115K$115K
Accounting feesLn 11c$57K$57K
Investment management feesLn 11f$120K$120K
Other fees for servicesLn 11g$104K$13K$91K
OccupancyLn 16$935K$869K$48K$19K
TravelLn 17$93K$46K$36K$11K
InterestLn 20$572K$532K$29K$11K
Depreciation, depletion and amortizationLn 22$3.1M$2.9M$153K$61K
InsuranceLn 23$459K$416K$29K$15K
Other expenses (24a–d)Ln 24$4.6M$4.1M$340K$171K
Total functional expensesLn 25$28.9M$24.8M$2.8M$1.4M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled with the IRS May 14, 2026 $43.4M$36.6M$6.8M$81.9M 990 PDF
FY2024Filed with the IRS May 15, 2025 $38.8M$35.3M$3.5M$73.6M 990 PDF
FY2023 $34.3M$32.8M$1.5M$68.1M 990 PDF
FY2022Filed with the IRS May 12, 2023 $32.1M$30.7M$1.4M$64.0M 990 PDF
FY2021Filed with the IRS May 10, 2022 $32.5M$29.7M$2.8M$68.1M 990 PDF
FY2020 ViewingFiled with the IRS May 17, 2021 $31.5M$28.9M$2.6M$60.6M 990 PDF

Schedules filed Part IV

A · Public support D · Assets and endowments I · Grants J · Pay M · Noncash O · Explanations
See the full FY2020 990
Part I · Summary $31,542,996 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $5,098,940$6,277,276
I-9 Program service revenuePrior year $24,246,716$23,005,850
I-10 Investment incomePrior year −$492,132$2,193,568
I-11 Other revenuePrior year $93,323$66,302
I-12 Total revenuePrior year $28,946,847$31,542,996
I-13 Grants and similar amounts paidPrior year $4,460,767$4,622,352
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $13,696,064$14,211,608
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $10,699,906$10,100,457
I-18 Total expensesPrior year $28,856,737$28,934,417
I-19 Revenue less expensesPrior year $90,110$2,608,579
Part VI · Governance 30 of 30 board members independent, no flags
VI-1a Voting members of the governing body30
VI-1b Independent voting members30
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 $31,542,996 across 10 lines filed
Lines not itemized here account for −$126,976 of total revenue; see the IRS return.
VIII-1f All other contributions, gifts and grants$6,277,276
VIII-1g Noncash contributions (included above)$453,108
VIII-1h Total contributions, gifts and grants$6,277,276
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $23,005,850$23,005,850
VIII-3 Investment incomeExcluded from tax $548,033$548,033
VIII-6 Net rental income or lossExcluded from tax $20,922$20,922
VIII-7 Net gain or loss on sales of assetsExcluded from tax $1,645,535$1,645,535
VIII-8 Net income from fundraising eventsExcluded from tax $6,132$6,132
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Unrelated business $161,796 · Excluded from tax $4,428$166,224
VIII-12 Total revenueRelated to mission $23,005,850 · Unrelated business $161,796 · Excluded from tax $2,098,074$31,542,996
Part IX · Statement of functional expenses $28,934,417 across 16 lines filed
IX-2 Grants to domestic individualsPrograms $4,622,352$4,622,352
IX-5 Pay of officers and key staff (Part IX, line 5)Management $639,758$639,758
IX-7 Other salaries and wagesPrograms $8,862,211 · Management $801,726 · Fundraising $830,977$10,494,914
IX-8 Pension plan contributionsPrograms $509,655 · Management $50,801 · Fundraising $47,788$608,244
IX-9 Other employee benefitsPrograms $1,375,464 · Management $200,218 · Fundraising $128,972$1,704,654
IX-10 Payroll taxesPrograms $610,621 · Management $96,161 · Fundraising $57,256$764,038
IX-11b Legal feesManagement $114,649$114,649
IX-11c Accounting feesManagement $57,247$57,247
IX-11f Investment management feesManagement $120,029$120,029
IX-11g Other fees for servicesPrograms $12,719 · Management $91,110$103,829
IX-16 OccupancyPrograms $868,721 · Management $47,549 · Fundraising $19,020$935,290
IX-17 TravelPrograms $45,896 · Management $35,975 · Fundraising $10,866$92,737
IX-20 InterestPrograms $531,526 · Management $28,577 · Fundraising $11,431$571,534
IX-22 Depreciation, depletion and amortizationPrograms $2,854,709 · Management $153,479 · Fundraising $61,392$3,069,580
IX-23 InsurancePrograms $415,758 · Management $28,837 · Fundraising $14,544$459,139
IX-24 Other expenses (24a–d)Programs $4,066,129 · Management $339,500 · Fundraising $170,794$4,576,423
IX-25 Total functional expensesPrograms $24,775,761 · Management $2,805,616 · Fundraising $1,353,040$28,934,417
Part X · Balance sheet $88,196,091 assets, 20 lines filed
X-1 Cash, non-interest-bearingStart of year $416,959$4,095,755
X-3 Pledges and grants receivableStart of year $1,588,644$2,085,657
X-4 Accounts receivableStart of year $142,289$359,013
X-8 Inventories for sale or useStart of year $249,788$278,134
X-9 Prepaid expenses and deferred chargesStart of year $712,662$384,273
X-10c Land, buildings and equipment, netStart of year $48,268,234$49,100,866
X-11 Publicly traded securitiesStart of year $30,589,474$30,331,599
X-12 Other securitiesStart of year $835,647$846,447
X-15 Other assetsStart of year $706,014$714,347
X-16 Total assetsStart of year $83,509,711$88,196,091
X-17 Accounts payable and accrued expensesStart of year $1,828,427$1,632,930
X-19 Deferred revenueStart of year $4,446,617$4,478,924
X-20 Tax-exempt bond liabilitiesStart of year $17,320,746$19,287,856
X-23 Secured mortgages and notes payableStart of year $123,211$1,810,900
X-25 Other liabilitiesStart of year $388,077$424,955
X-26 Total liabilitiesStart of year $24,107,078$27,635,565
X-27 Net assets without donor restrictionsStart of year $38,161,584$39,639,537
X-28 Net assets with donor restrictionsStart of year $21,241,049$20,920,989
X-32 Total net assets or fund balancesStart of year $59,402,633$60,560,526
X-33 Total liabilities and net assetsStart of year $83,509,711$88,196,091
Part XI · Reconciliation of net assets $60,560,526 net assets at year end
XI-1 Total revenue$31,542,996
XI-2 Total expenses$28,934,417
XI-3 Revenue less expenses$2,608,579
XI-4 Net assets at start of year$59,402,633
XI-5 Net unrealized gains (losses) on investments−$1,509,520
XI-9 Other changes in net assets$58,834
XI-10 Net assets at end of year$60,560,526

Form 990 e-file FY2020 from the IRS (about our sources) · Classification, formation year and address from the IRS Business Master File

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