Derby Academy Trustees EIN 04-2137227 Form 990 (PDF) Claim this org

Derby Academy Trustees

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Provides education and a day school for children from pre-kindergarten through eighth grade. For fiscal year 2025 it reported $18.2M in revenue, $17.8M in expenses, and $28.4M in net assets.Pt I

Founded
1784
Type
Public charity (501(c)(3)) · Education
Location
Hingham, MA
Website
www.derbyacademy.org
Filings
6 on file (2020–2025)
Revenue
$18.2MFY2025
Expenses
$17.8M
Net assets
$28.4M
People
25
Filings
6
Updates
0
More identity details & actions ⌄
EIN  04-2137227 Public charity (501(c)(3)) Hingham, MA Founded 1784
Form 990 (PDF)
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Figures match the IRS filing checked 8/11/26 · see original: IRS
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Size
$10–100M
What they do
Provides education and a day school for children from pre-kindergarten through eighth grade.
Leadership
Colleen Ramsden · Head of School · $332K
Money in and out
$18.2M revenue, $17.8M expenses
Bottom line
79% program efficiency
Where the money goes · FY2025
Total revenue
$18.2M
Pt VIII · Ln 12
Total expenses
$17.8M
Pt IX · Ln 25
Net assets
$28.4M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $397K
Where spending went · Part IX cols B–D
Program services $0.79 Management & general $0.17 Fundraising $0.03
Program efficiency
79%
of spending reaches programs▲ +4% vs prior filing year
Operating runway
12.8mo
months of highly liquid reserves at operating expense rate▼ -3% vs prior filing year
Surplus margin
+2%
revenue over expenses, this year▼ -63% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$18.2M
FY2025▲ +4%
Expenses
$17.8M
FY2025▲ +8%
Total assets
$33.6M
FY2025▼ -23%
Total liabilities
$5.1M
FY2025▼ -69%
Total revenue
$18.2M
Pt VIII · Ln 12
Total expenses
$17.8M
Pt IX · Ln 25
Net assets
$28.4M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$397K
Total assetsPt X · Ln 16$33.6M
Program-expense ratioPt IX · col B79%
Voting members of governing bodyPt I · Ln 318
Independent voting membersPt I · Ln 418
Mission & Programs · Part III

Where the work happens

2 program services account for $14.1M of program spending, described in the organization's own filed words · FY2024.
01

Instruction and student activities for approximately 350 students in pre-kindergarden through grade 8. Achievements including academic advancement to the next grade level for all students, social development through classroom activities, team sports, performing arts, family style lunches, and development of the intellectial curiosity of…

$13.5Mprogram expense
02

Summer programs for arts, education, and activities serving approximately 339 students. Achievements include development of student abiltiies in performing arts, creative craft, athletics, scientific exploration, and outdoor activities.

$596Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CDerby Academy Trustees
EINHdr · item D04-2137227
Principal addressHdr · item CHingham, MA
WebsiteHdr · item Jwww.derbyacademy.org
Year of formationHdr · item L1784
State of legal domicileHdr · item MMA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEducation (B200)
Ruling yearIRS BMFNov 1934

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a18
Independent voting membersPt VI · Ln 1b18
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Head of School
$331,500Pt VII · Sec A
Chief Financial Officer
$216,827Pt VII · Sec A
Director of Advancement
$172,565Pt VII · Sec A
Head of Primary and Lower School
$167,510Pt VII · Sec A
Director of Communications
$126,368Pt VII · Sec A
Athletic Director
$119,557Pt VII · Sec A
Director of Admissions
$114,250Pt VII · Sec A
Trustee/President
$0Pt VII · Sec A

Colleen Ramsden’s $332K as Head of School is at the 71st percentile of top reported officer pay among 3682 $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
Colleen Ramsden$331,500$320,503$301,538$182,308
Joseph Perry$292,451$241,650
Anthony Black$216,827$202,487$160,225$150,225$104,709
John Houghton$187,482
Kristin Donelan$172,565$157,004
Philip Cantillon$143,064$168,299
Mary Murphy$167,510$150,843$114,184$135,486$111,571
Thomas Reid$148,262$131,058

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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Statement of Revenue

Part VIII
Program service revenue$15.2M · 84%
Contributions & grants$1.6M · 9%
Investment income$1.1M · 6%
Other revenue$183K · 1%
Program service revenue84%$15.2M
Contributions & grants9%$1.6M
Investment income6%$1.1M
Other revenue1%$183K
Total revenueLn 12$18.2M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.79 Management & general $0.17 Fundraising $0.03
Program services79%$14.1M
Management & general17%$3.1M
Fundraising3%$612K
Total functional expensesLn 25$17.8M

Balance Sheet

Part X · end of year
CashLn 1$2.6M
Total assetsLn 16$33.6M
Total liabilitiesLn 26$5.1M
Total net assetsLn 32$28.4M
Months of cash on handcomputed1.7

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $18.9M · Operating expenses/yr $17.8M
12.8 months
Where the money goes
Program services
Program services $14.1M · Total expenses $17.8M
79%
Management & General
Management & general $3.1M · Total expenses $17.8M
17%
Fundraising
Fundraising $612K · Total expenses $17.8M
3%
Cost to raise $1
Fundraising expense (3-yr avg) $617K · Solicited contributions (3-yr avg) $1.6M
$0.39 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $1.6M · Total revenue $18.2M
9%
Government reliance
Government grants — · Total revenue $18.2M
Earned-income share
Program service revenue $15.2M · Total revenue $18.2M
84%
Investment reliance
Investment income $1.1M · Total revenue $18.2M
+6%
Program self-sufficiency
Program service revenue $15.2M · Total expenses $17.8M
86%
Growth & trend
Revenue growth (YoY)
This year $18.2M · Prior year $17.5M
+4%
Revenue CAGR
FY2019 $13.2M · FY2024 $18.2M
+7%
Net-asset trend (YoY)
End of year $28.4M · Beginning of year $27.2M
+5%
Balance sheet
Surplus Margin
Revenue $18.2M · Expenses $17.8M
+2%
Liabilities-to-Assets
Total liabilities $5.1M · Total assets $33.6M
15%
Net-asset ratio
Net assets $28.4M · Total assets $33.6M
85%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $15.7M · Other securities (Pt X, ln 12) $577K · Total assets (Pt X, ln 16) $33.6M
49%
People & payroll
Highest Reported Total Compensation
Individual Colleen Ramsden · Reported title HEAD OF SCHOOL · Highest reported compensation $332K · Total expenses $17.8M
2%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $11.9M · Total expenses $17.8M
67%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 79%
Overhead ratio 17%
Fundraising cost ratio 38%
Revenue growth 4%
Investment management fee ratio 0.2%
Legal fee ratio 0.4%
Accounting fee ratio 0.3%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2024
See all 8 funders →
Grants paid · 4 grants · $2.6M · 2019–2024
Unitemized GrantFY2024$916,784
Unitemized GrantFY2024$190,604
Unitemized GrantFY2020$557,171
Unitemized GrantFY2019$944,448

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$18.2M revenue · viewing · ⤓ 990 PDF
FY2024$17.5M revenue · ⤓ 990 PDF
FY2023$15.7M revenue · ⤓ 990 PDF
FY2022$16.1M revenue · ⤓ 990 PDF
FY2021$13.4M revenue · ⤓ 990 PDF
FY2020$13.2M revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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