Groton School FY2022 filing

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Groton School's mission is to inspire lives of character, scholarship, leadership, and service within a diverse, inclusive, and close-knit community.

501(c)(3) charity; gifts are tax-deductible.
69¢ of each $1 spent went to programs.
$1.9M 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

FY2022 · Form 990-TIndependent: 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-T
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 6
filings with a surplus
Average surplus $7.8M a year · 12% of revenue · last 6 filings
Fine: a surplus in 4 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
69%
of spending
Fine: 69% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$1.9M
to officers and key staff · 3% of spending
Looks good: pay to officers and key staff is 3% of spending; 15% or less.
Pt VII · Sec A
<1 mo
of spending, in cash
Plus $472.2M in investments, Pt X · Ln 11–13
Fine: 0.7 months of spending in cash, plus $472.2M in investments.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
6
named funders · $520K
Looks good: 6 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$86.1M
14% of total assets
Looks good: liabilities are 14% of assets; 50% or less.
Pt X · Ln 26
Independent board members
26
of 27 voting members
Looks good: 26 of 27 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$61.8M
-13% vs prior year
Spent
$54.9M
To programs
69%
Net assets
$537.3M
By yearFY2020–FY2025
Revenue
$61.8M
FY2022▼ -13%
Tap a bar for its year
Revenue by fiscal year
FY2020$50.7M
FY2021$71.0M
FY2022$61.8M
FY2023$54.7M
FY2024$71.6M
FY2025$66.9M
Expenses
$54.9M
FY2022+0.08%
Tap a bar for its year
Expenses by fiscal year
FY2020$51.2M
FY2021$54.9M
FY2022$54.9M
FY2023$55.1M
FY2024$55.3M
FY2025$58.3M
Net assets
$537.3M
FY2022▼ -2%
Tap a bar for its year
Net assets by fiscal year
FY2020$414.7M
FY2021$547.1M
FY2022$537.3M
FY2023$554.6M
FY2024$602.9M
FY2025$640.1M

From the FY2022 Form 990 (year ending June 2022) · figures checked against the IRS filing · see the original

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You’re viewing the FY2022 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 Nov 1934.

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

Where the money goes

69 cents of each dollar spent went to programs.

Program services 69% · $37.8M Management & general 27% · $14.7M Fundraising 4% · $2.4M

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

33 people listed on the 990-T; $1.9M paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
Headmaster
$557,609Pt VII · Sec A
Chief Financial Officer
$321,655Pt VII · Sec A
Director of Development
$297,712Pt VII · Sec A
Assistant Headmaster
$186,647Pt VII · Sec A
Assistant Headmaster
$180,661Pt VII · Sec A
Chief Technology Officer
$180,205Pt VII · Sec A
Director of Admissions
$170,955Pt VII · Sec A
$0Pt VII · Sec A

Temba Maqubela’s $690K as Headmaster is at the 96th 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
Temba Maqubela$689,697$648,845$692,058$557,609$494,475$602,794
John Maceachern$489,648$319,513$305,431$297,712$293,573$292,058
Julie Dolan—$361,650$326,448$321,655$302,717$151,187
John Herlihy$328,550$48,956————
Vuyelwa Maqubela—$221,913————
James Raney$217,228—————
Harold W Anderson III$215,520$203,305$192,371$186,647$182,506$178,650
John T Conner$200,640—————

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 Groton School 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

Educates students in grades eight to twelve for college and university.

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1 program · $37.8M · in their own filed words · FY2021
01

Education of 377 students in grades eight through twelve in a non-profit, co-educational college preparatory boarding school. The School provides aid assistance for 44% of its students in the form of tuition grants, housing support, travel assistance, and subsidies for books, supplies, and laptop purchases.

$37.8Mprogram 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
See all 6 funders →
Grants paid · 35 grants · $3.9M · 2019–2024
Unitemized GrantFY2024$385,206
Unitemized GrantFY2024$231,152
Town of GrotonFY2024$205,000
Unitemized GrantFY2024$63,341
Unitemized GrantFY2024$42,337
Town of GrotonFY2024$10,000
Unitemized GrantFY2023$391,506
Town of GrotonFY2023$200,000
Unitemized GrantFY2023$195,376
Unitemized GrantFY2023$51,544
Unitemized GrantFY2023$38,366
Town of GrotonFY2023$20,000
Unitemized GrantFY2022$195,385
Town of GrotonFY2022$190,000
Unitemized GrantFY2022$144,648
Unitemized GrantFY2022$58,499
Unitemized GrantFY2022$37,193
Unitemized GrantFY2021$180,622
See all 35 grants →

By the numbers

The FY2022 990-T, line by line.

1The main four
Money in
$61.8M
Investment income$24.8M
Fees for services$22.6M
Gifts and grants$14.4M
Money out
$54.9M
Programs$37.8M
Management$14.7M
Fundraising$2.4M
Owns and owes
$537.3M
net assets
Cash and savings$3.1M
Total assets$623.4M
Liabilities$86.1M
People
33
listed
Paid7
Voting board27
Independent26
2In more detail
Revenue in detail
Gifts and grants$14.4M
Fees for services$22.6M
Investment income$24.8M
Total revenue$61.8M
Assets in detailEnd of year
Cash and savings together$3.1M
Total assets$623.4M
Liabilities$86.1M
Net assets$537.3M
Operations
Employees260
Volunteers300
Fiscal year endsJune
Conflict-of-interest policyYes
Whistleblower policyYes
Records policyYes

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled with the IRS May 12, 2026 $66.9M$58.3M$8.7M$640.1M 990 PDF
FY2024Filed with the IRS May 12, 2025 $71.6M$55.3M$16.2M$602.9M 990 PDF
FY2023Filed with the IRS May 15, 2024 $54.7M$55.1M−$366K$554.6M 990 PDF
FY2022 Viewing $61.8M$54.9M$6.9M$537.3M 990 PDF
FY2021Filed with the IRS May 6, 2022 $71.0M$54.9M$16.2M$547.1M 990 PDF
FY2020Filed with the IRS May 11, 2021 $50.7M$51.2M−$449K$414.7M 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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