Secondary School education

501(c)(3) charity; gifts are tax-deductible.
70¢ of each $1 spent went to programs.
$233K 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
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
5 of 6
filings with a surplus
Average surplus $2.1M a year · 18% of revenue · last 6 filings
Fine: a surplus in 5 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
70%
of spending
Fine: 70% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$233K
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
7 mo
of spending, in cash
Looks good: 7.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
18
named funders · $631K
Looks good: 18 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$1.9M
6% of total assets
Looks good: liabilities are 6% of assets; 50% or less.
Pt X · Ln 26
Independent board members
25
of 26 voting members
Looks good: 25 of 26 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$9.1M
Spent
$8.7M
To programs
70%
Net assets
$29.1M
By yearFY2020–FY2025
Revenue
$9.1M
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$9.1M
FY2021$11.1M
FY2022$9.7M
FY2023$18.8M
FY2024$11.7M
FY2025$12.0M
Expenses
$8.7M
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$8.7M
FY2021$9.2M
FY2022$10.0M
FY2023$9.8M
FY2024$10.7M
FY2025$11.2M
Net assets
$29.1M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$29.1M
FY2021$34.9M
FY2022$32.1M
FY2023$34.7M
FY2024$38.0M
FY2025$41.3M

From the FY2020 Form 990 (year ending June 2020) · figures checked against the IRS filing · see the original

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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 Nov 1960.

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

Where the money goes

70 cents of each dollar spent went to programs.

Program services 70% · $6.1M Management & general 28% · $2.5M Fundraising 2% · $167K

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

26 people listed on the 990; $233K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
Headmaster
$233,283Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Trustee
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Jennifer Borman’s $279K as Head of School is at the 60th 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
Jennifer Borman$279,262$272,262$269,877$129,471——
William Warton————$273,243—
William Wharton——$214,142$237,932—$233,283
Alisha Elliot$165,062$165,063$161,638———
Mark Graziano$147,489$147,489————
Rebecca Jackman$142,746$142,746$143,929———
Adam Hinterlang$133,799$133,800$141,834———
Caroline Healy$135,594$134,594$123,215———

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 The Commonwealth School INC executive salaries →

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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
  • Loans to or from officersSch L · Pt II1 listed

Programs and updates

Provides secondary school education to high school students.

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Provided by the organization

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1 program · $6.1M · in their own filed words · FY2019
01

Educational Institution

High school (grades 9-12) student enrollment = 133

$6.1Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
See all 18 funders →

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$9.1M
Ln 12
Fees for servicesLn 2g$6.3M
Gifts and grantsLn 1h$2.2M
Investment incomeLn 3$487K
Money outPt IX
$8.7M
Ln 25
Programscol B$6.1M
Managementcol C$2.5M
Fundraisingcol D$167K
Owns and owesPt X
$29.1M
net assets · Ln 32
Cash and savingsLn 1–2$5.3M
Total assetsLn 16$31.1M
LiabilitiesLn 26$1.9M
PeoplePt VI, VII
26
listed · VII A
PaidVII A1
Voting boardVI 1a26
IndependentVI 1b25
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$2.2M
Noncash giftsLn 1g$342K
Fees for servicesLn 2g$6.3M
Investment incomeLn 3$487K
Other incomeLn 4–11$48K
Gains on assetsLn 7$244K
Total revenueLn 12$9.1M
Assets in detailPt X, end of year
CashLn 1$150
SavingsLn 2$5.3M
Cash and savings togetherLn 1–2$5.3M
InvestmentsLn 11–13$14.0M
Land, buildings, equipmentLn 10c$9.7M
Total assetsLn 16$31.1M
LiabilitiesLn 26$1.9M
Net assetsLn 32$29.1M
OperationsPt I, VI
EmployeesI 580
VolunteersI 60
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 FY20End FY20
Cash and savingsLn 1–2$3.2M$5.3M
InvestmentsLn 11–13$15.0M$14.0M
Land, buildings, equipmentLn 10c$10.1M$9.7M
Total assetsLn 16$30.8M$31.1M
LiabilitiesLn 26$2.0M$1.9M
Net assetsLn 32$28.7M$29.1M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$1.3M$1.3M
Pay of current officers, directors and key staffLn 5$0$0$0$0
Other salaries and wagesLn 7$4.4M$3.0M$1.3M$29K
Pension plan contributionsLn 8$293K$202K$89K$2K
Other employee benefitsLn 9$549K$378K$167K$4K
Payroll taxesLn 10$306K$211K$93K$2K
Management feesLn 11a$24K$24K$0$0
Legal feesLn 11b$54K$0$54K$0
Accounting feesLn 11c$36K$0$36K$0
Office expensesLn 13$42K$0$42K$0
OccupancyLn 16$149K$79K$69K$765
TravelLn 17$7K$0$0$7K
Depreciation, depletion and amortizationLn 22$403K$351K$52K$0
InsuranceLn 23$17K$0$17K$0
Other expenses (24a–d)Ln 24$805K$418K$387K$190
All other expensesLn 24e$363K$118K$123K$122K
Total functional expensesLn 25$8.7M$6.1M$2.5M$167K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $12.0M$11.2M$787K$41.3M 990 PDF
FY2024 $11.7M$10.7M$966K$38.0M 990 PDF
FY2023 $18.8M$9.8M$9.0M$34.7M 990 PDF
FY2022 $9.7M$10.0M−$285K$32.1M 990 PDF
FY2021 $11.1M$9.2M$1.9M$34.9M 990 PDF
FY2020 Viewing $9.1M$8.7M$362K$29.1M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support M · Noncash J · Pay O · Explanations
See the full FY2020 990 (6 parts)
Part I · Summary $9,051,547 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $2,720,878$2,181,025
I-9 Program service revenuePrior year $6,671,781$6,336,093
I-10 Investment incomePrior year $1,247,844$486,909
I-11 Other revenuePrior year $10,049$47,520
I-12 Total revenuePrior year $10,650,552$9,051,547
I-13 Grants and similar amounts paidPrior year $1,377,266$1,273,563
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $5,508,558$5,516,439
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $1,961,142$1,899,355
I-18 Total expensesPrior year $8,846,966$8,689,357
I-19 Revenue less expensesPrior year $1,803,586$362,190
Part VI · Governance 25 of 26 board members independent, no flags
VI-1a Voting members of the governing body26
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 $9,051,547 across 8 lines filed
VIII-1f All other contributions, gifts and grants$2,181,025
VIII-1g Noncash contributions (included above)$342,434
VIII-1h Total contributions, gifts and grants$2,181,025
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Unrelated business $0 · Excluded from tax $0$6,336,093
VIII-3 Investment incomeUnrelated business $0 · Excluded from tax $242,727$242,727
VIII-7 Net gain or loss on sales of assetsRelated to mission $0 · Unrelated business $0 · Excluded from tax $244,182$244,182
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $47,520 · Unrelated business $0 · Excluded from tax $0$47,520
VIII-12 Total revenueRelated to mission $6,383,613 · Unrelated business $0 · Excluded from tax $486,909$9,051,547
Part IX · Statement of functional expenses $8,689,357 across 16 lines filed
IX-2 Grants to domestic individualsPrograms $1,273,563$1,273,563
IX-5 Pay of current officers, directors and key staffPrograms $0 · Management $0 · Fundraising $0$0
IX-7 Other salaries and wagesPrograms $3,008,606 · Management $1,330,187 · Fundraising $29,042$4,367,835
IX-8 Pension plan contributionsPrograms $201,981 · Management $89,301 · Fundraising $1,950$293,232
IX-9 Other employee benefitsPrograms $378,210 · Management $167,218 · Fundraising $3,651$549,079
IX-10 Payroll taxesPrograms $211,387 · Management $92,878 · Fundraising $2,028$306,293
IX-11a Management feesPrograms $24,290 · Management $0 · Fundraising $0$24,290
IX-11b Legal feesPrograms $0 · Management $53,705 · Fundraising $0$53,705
IX-11c Accounting feesPrograms $0 · Management $36,400 · Fundraising $0$36,400
IX-13 Office expensesPrograms $0 · Management $42,152 · Fundraising $0$42,152
IX-16 OccupancyPrograms $79,224 · Management $68,613 · Fundraising $765$148,602
IX-17 TravelPrograms $0 · Management $0 · Fundraising $6,780$6,780
IX-22 Depreciation, depletion and amortizationPrograms $350,764 · Management $51,860 · Fundraising $0$402,624
IX-23 InsurancePrograms $0 · Management $16,512 · Fundraising $0$16,512
IX-24 Other expenses (24a–d)Programs $417,811 · Management $387,068 · Fundraising $190$805,069
IX-24e All other expensesPrograms $117,566 · Management $123,412 · Fundraising $122,243$363,221
IX-25 Total functional expensesPrograms $6,063,402 · Management $2,459,306 · Fundraising $166,649$8,689,357
Part X · Balance sheet $31,055,876 assets, 16 lines filed
Asset lines not itemized here account for $262,121; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $150$150
X-2 Savings and temporary cash investmentsStart of year $3,184,907$5,329,210
X-3 Pledges and grants receivableStart of year $1,881,092$1,642,661
X-4 Accounts receivableStart of year $199,837$41,030
X-9 Prepaid expenses and deferred chargesStart of year $98,651$96,511
X-10c Land, buildings and equipment, netStart of year $10,089,814$9,715,350
X-11 Publicly traded securitiesStart of year $15,046,545$13,968,843
X-16 Total assetsStart of year $30,779,434$31,055,876
X-17 Accounts payable and accrued expensesStart of year $688,402$633,309
X-19 Deferred revenueStart of year $1,036,264$1,010,633
X-25 Other liabilitiesStart of year $265,425$240,350
X-26 Total liabilitiesStart of year $2,048,955$1,927,755
X-27 Net assets without donor restrictionsStart of year $18,314,506$19,092,809
X-28 Net assets with donor restrictionsStart of year $10,415,973$10,035,312
X-32 Total net assets or fund balancesStart of year $28,730,479$29,128,121
X-33 Total liabilities and net assetsStart of year $30,779,434$31,055,876
Part XI · Reconciliation of net assets $29,128,121 net assets at year end
XI-1 Total revenue$9,051,547
XI-2 Total expenses$8,689,357
XI-3 Revenue less expenses$362,190
XI-4 Net assets at start of year$28,730,479
XI-6 Donated services and use of facilities$35,452
XI-10 Net assets at end of year$29,128,121

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

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