Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jan 1959.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
72 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
Who runs it and what they're paid
37 people listed on the 990; $2.6M paid to officers and key staff.
Alexandra Callen’s $548K as Head of School is at the 46th percentile of top reported officer pay among 674 $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 | FY2024 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Theodorick Bland | $147,823 | $607,607 | $700,687 | $642,573 | $791,294 | $508,641 |
| Alexandra Callen | $548,407 | $251,123 | — | — | — | — |
| Heidi Vanderbilt-Brown | $313,133 | $297,873 | $296,265 | $284,420 | $270,136 | $266,762 |
| Lisa Winick | $300,610 | $293,478 | $306,343 | $293,677 | $284,031 | $256,656 |
| Monica Palmer | $226,720 | $224,334 | — | — | — | — |
| Carol a Giusti-Cahalane | $222,616 | $194,433 | $192,535 | — | — | — |
| Alden Smith | — | — | $221,790 | $164,963 | $169,848 | $158,661 |
| Francis Patti Until 63023 | — | — | $212,630 | — | — | — |
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
Educates students from kindergarten through twelfth grade, offering boarding and day options for high schoolers.
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Milton academy promotes an environment of lifelong learning to 1021 students in grades k-12. Students are encouraged to participate in community service and volunteer opportunities during the year in an effort to instill a passion for giving back to others for many years.
The mountain school of milton academy is an independent semester program that provides high school juniors the opportunity to live and work on an organic farm in rural vermont. In academic year 2023-2024, the mountain school enrolled an average of 50 high-achieving students per semester from all over the country.
Milton academy provides a saturday course to gifted students, rental of facilities, health services, school buses, an outdoor program, after school activities, and yearbook program.
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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 | $25.1M | $15.8M |
| InvestmentsLn 11–13 | $397.8M | $415.1M |
| Land, buildings, equipmentLn 10c | $80.7M | $96.4M |
| Total assetsLn 16 | $514.7M | $536.9M |
| LiabilitiesLn 26 | $86.2M | $83.9M |
| Net assetsLn 32 | $428.6M | $453.0M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic organizationsLn 1 | $290K | $290K | ||
| Grants to domestic individualsLn 2 | $19.0M | $19.0M | ||
| Pay of current officers, directors and key staffLn 5 | $1.9M | $236K | $1.3M | $363K |
| Other salaries and wagesLn 7 | $33.4M | $24.4M | $6.9M | $2.1M |
| Pension plan contributionsLn 8 | $2.3M | $1.6M | $479K | $148K |
| Other employee benefitsLn 9 | $5.9M | $4.0M | $1.5M | $387K |
| Payroll taxesLn 10 | $2.4M | $1.6M | $572K | $170K |
| Legal feesLn 11b | $284K | $283K | $1K | |
| Accounting feesLn 11c | $188K | $35K | $153K | |
| Professional fundraising feesLn 11e | $30K | $30K | ||
| Investment management feesLn 11f | $4.3M | $4.3M | ||
| Other fees for servicesLn 11g | $2.8M | $1.5M | $1.1M | $150K |
| Advertising and promotionLn 12 | $360K | $66K | $252K | $42K |
| Office expensesLn 13 | $3.6M | $1.8M | $1.6M | $145K |
| Information technologyLn 14 | $1.3M | $123K | $1.1M | $78K |
| OccupancyLn 16 | $2.1M | $1.7M | $401K | $12K |
| TravelLn 17 | $1.5M | $1.2M | $237K | $96K |
| Conferences, conventions and meetingsLn 19 | $133K | $46K | $87K | $123 |
| InterestLn 20 | $1.8M | $1.5M | $352K | $11K |
| Depreciation, depletion and amortizationLn 22 | $7.7M | $6.2M | $1.5M | $45K |
| InsuranceLn 23 | $1.1M | $1.1M | ||
| Other expenses (24a–d)Ln 24 | $10.7M | $8.8M | $1.5M | $360K |
| All other expensesLn 24e | $256K | $256K | ||
| Total functional expensesLn 25 | $103.2M | $74.1M | $25.0M | $4.1M |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 Viewing | $94.5M | $103.2M | −$8.7M | $453.0M | 990 PDF |
| FY2023 | $86.2M | $95.3M | −$9.1M | $428.6M | 990 PDF |
| FY2022 | $116.5M | $90.5M | $26.0M | $411.8M | 990 PDF |
| FY2021 | $105.0M | $83.6M | $21.4M | $439.3M | 990 PDF |
| FY2020 | $105.7M | $80.7M | $25.0M | $363.6M | 990 PDF |
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Schedules filed Part IV
See the full FY2024 990 (4 parts)
Part VIII · Statement of revenue $94,499,564 across 7 lines filed
Part IX · Statement of functional expenses $103,194,184 across 23 lines filed
Part X · Balance sheet $536,905,318 assets, 17 lines filed
Part XI · Reconciliation of net assets $452,987,904 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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