The Pingree School INC: FY2021 Nonprofit Profile & Form 990 (EIN 04-2279977)

Revenue by fiscal year
FY2020	$22.4M
FY2021	$24.5M
FY2022	$26.7M
FY2023	$27.5M
FY2024	$27.8M
FY2024	$30.8M

Expenses by fiscal year
FY2020	$22.0M
FY2021	$22.8M
FY2022	$23.9M
FY2023	$25.7M
FY2024	$27.1M
FY2024	$27.3M

Net assets by fiscal year
FY2020	$43.1M
FY2021	$47.6M
FY2022	$45.7M
FY2023	$48.8M
FY2024	$52.2M
FY2024	$57.3M

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jun 1963.

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

Where the money goes

80 cents of each dollar spent went to programs.

80%

13%

Program services 80% · $18.3M Management & general 13% · $3.0M Fundraising 6% · $1.5M

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

34 people listed on the 990; $1.2M paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII

Timothy Johnson

Head of School

$411,579Pt VII · Sec A

John Harrington

Chief Financial Officer

$178,986Pt VII · Sec A

Kristin Brown

Associate Head of School

$138,519Pt VII · Sec A

Cara Lawler

Director of Advancement

$135,761Pt VII · Sec A

Steven Filosa

Executive Director, Prep@pingree

$122,691Pt VII · Sec A

Christopher Macdouga

Director of Facilities

$120,294Pt VII · Sec A

Diana Mathey

Associate Director of Advancement

$115,891Pt VII · Sec A

Alex Leikikh

Trustee

$0Pt VII · Sec A

Timothy Johnson’s $449K as Head of School is at the 85th 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

Name	FY2024	FY2024	FY2023	FY2022	FY2021	FY2020
Timothy Johnson	$449,238	$435,492	$436,247	$428,240	$411,579	$401,000
John Harrington	$199,363	$193,892	$185,618	$182,618	$178,986	$138,561
Kristin Brown	$161,519	$156,723	$157,124	$147,957	$138,519	$137,495
Cara Lawler	$155,582	$150,361	$146,711	$140,904	$135,761	$130,237
Christopher Macdougall	$139,719	$136,844	$129,894	$127,619	—	—
Diana Mathey	$138,882	$128,424	$124,972	$121,346	$115,891	$114,057
Robert Vantuyl	$130,751	$127,596	—	—	—	—
Steven Filosa	—	—	—	—	$122,691	—

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 Pingree 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

Programs and updates

Empowers community members to pursue knowledge, thrive, and create a more just world.

Provided by the organization

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2 programs · $18.3M · in their own filed words · FY2020

01

Educational Program

To provide a high quality, four year, co-educational experience for day students in grades 9 through 12. There are approximately 394 students.

$17.6Mprogram expense

02

Auxiliary Programs

Designed to attract potential students and families to the school. The school rents its ice rink, runs a summer camp and other specialized programs.

$684Kprogram 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 · FY2025

Weld FoundationFY2025$118K

Thomas E Smith Foundation INCFY2025$50K

Harry F Mariani Family FoundationFY2025$27K

Total grants receivedfrom 3 funders$195K

See all 3 funders →

By the numbers

The FY2021 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$24.5M

Ln 12

Fees for servicesLn 2g$19.9M

Gifts and grantsLn 1h$3.2M

Investment incomeLn 3$1.5M

Money outPt IX

$22.8M

Ln 25

Programscol B$18.3M

Managementcol C$3.0M

Fundraisingcol D$1.5M

Owns and owesPt X

$47.6M

net assets · Ln 32

Cash and savingsLn 1–2$6.0M

Total assetsLn 16$56.4M

LiabilitiesLn 26$8.8M

PeoplePt VI, VII

34

listed · VII A

PaidVII A7

Voting boardVI 1a27

IndependentVI 1b26

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$3.2M

Government grantsLn 1e$1.6M

Noncash giftsLn 1g$76K

Fees for servicesLn 2g$19.9M

Investment incomeLn 3$1.5M

Gains on assetsLn 7$1.2M

Total revenueLn 12$24.5M

Assets in detailPt X, end of year

CashLn 1$3.0M

SavingsLn 2$3.1M

Cash and savings togetherLn 1–2$6.0M

InvestmentsLn 11–13$19.9M

Land, buildings, equipmentLn 10c$29.5M

Other assetsLn 15$71K

Total assetsLn 16$56.4M

LiabilitiesLn 26$8.8M

Net assetsLn 32$47.6M

OperationsPt I, VI

EmployeesI 5312

VolunteersI 650

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

Line	Start FY21	End FY21
Cash and savingsLn 1–2	$5.4M	$6.0M
InvestmentsLn 11–13	$15.7M	$19.9M
Land, buildings, equipmentLn 10c	$30.4M	$29.5M
Total assetsLn 16	$52.6M	$56.4M
LiabilitiesLn 26	$9.5M	$8.8M
Net assetsLn 32	$43.1M	$47.6M

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Grants to domestic individualsLn 2	$4.5M	$4.5M
Pay of current officers, directors and key staffLn 5	$690K	$346K	$197K	$148K
Other salaries and wagesLn 7	$8.3M	$6.1M	$1.3M	$847K
Pension plan contributionsLn 8	$589K	$436K	$85K	$68K
Other employee benefitsLn 9	$1.5M	$1.2M	$259K	$89K
Payroll taxesLn 10	$614K	$443K	$107K	$65K
Legal feesLn 11b	$13K		$13K
Accounting feesLn 11c	$55K		$55K
Investment management feesLn 11f	$42K		$42K
Other fees for servicesLn 11g	$444K	$444K
Advertising and promotionLn 12	$126K		$126K
Office expensesLn 13	$172K	$2K	$110K	$60K
Information technologyLn 14	$325K	$266K	$44K	$16K
OccupancyLn 16	$1.3M	$1.1M	$185K
TravelLn 17	$27K		$26K	$480
InterestLn 20	$136K	$99K	$27K	$10K
Depreciation, depletion and amortizationLn 22	$1.5M	$1.5M	$37K
InsuranceLn 23	$172K	$126K	$34K	$12K
Other expenses (24a–d)Ln 24	$1.6M	$1.5M	$105K	$26K
All other expensesLn 24e	$766K	$335K	$307K	$125K
Total functional expensesLn 25	$22.8M	$18.3M	$3.0M	$1.5M

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2024	$27.8M	$27.1M	$713K	$52.2M	990 PDF
FY2023	$27.5M	$25.7M	$1.8M	$48.8M	990 PDF
FY2022	$26.7M	$23.9M	$2.8M	$45.7M	990 PDF
FY2021 Viewing	$24.5M	$22.8M	$1.7M	$47.6M	990 PDF
FY2020	$22.4M	$22.0M	$380K	$43.1M	990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash

See the full FY2021 990 (6 parts)

Part I · Summary $24,537,877 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $1,905,054$3,175,145

I-9 Program service revenuePrior year $19,610,605$19,942,213

I-10 Investment incomePrior year $739,971$1,537,249

I-11 Other revenuePrior year $111,043−$116,730

I-12 Total revenuePrior year $22,366,673$24,537,877

I-13 Grants and similar amounts paidPrior year $4,256,100$4,478,850

I-14 Benefits paid to membersPrior year $0$0

I-15 Salaries and benefitsPrior year $10,981,034$11,676,647

I-16a Professional fundraising feesPrior year $0$0

I-17 Other expensesPrior year $6,749,543$6,680,651

I-18 Total expensesPrior year $21,986,677$22,836,148

I-19 Revenue less expensesPrior year $379,996$1,701,729

Part VI · Governance 26 of 27 board members independent, no flags

VI-1a Voting members of the governing body27

VI-1b Independent voting members26

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 $24,537,877 across 11 lines filed

Lines not itemized here account for $19,896 of total revenue; see the IRS return.

VIII-1e Government grants$1,576,000

VIII-1f All other contributions, gifts and grants$1,599,145

VIII-1g Noncash contributions (included above)$76,243

VIII-1h Total contributions, gifts and grants$3,175,145

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $19,942,213$19,942,213

VIII-3 Investment incomeExcluded from tax $336,055$336,055

VIII-6 Net rental income or lossExcluded from tax −$149,425−$149,425

VIII-7 Net gain or loss on sales of assetsExcluded from tax $1,201,194$1,201,194

VIII-8 Net income from fundraising eventsExcluded from tax −$2,400−$2,400

VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $15,199$15,199

VIII-12 Total revenueRelated to mission $19,957,412 · Unrelated business $0 · Excluded from tax $1,405,320$24,537,877

Part IX · Statement of functional expenses $22,836,148 across 20 lines filed

IX-2 Grants to domestic individualsPrograms $4,478,850$4,478,850

IX-5 Pay of current officers, directors and key staffPrograms $345,953 · Management $196,535 · Fundraising $147,805$690,293

IX-7 Other salaries and wagesPrograms $6,135,367 · Management $1,284,004 · Fundraising $847,250$8,266,621

IX-8 Pension plan contributionsPrograms $435,561 · Management $85,415 · Fundraising $67,780$588,756

IX-9 Other employee benefitsPrograms $1,168,151 · Management $259,195 · Fundraising $89,144$1,516,490

IX-10 Payroll taxesPrograms $442,866 · Management $106,806 · Fundraising $64,815$614,487

IX-11b Legal feesManagement $13,003$13,003

IX-11c Accounting feesManagement $55,375$55,375

IX-11f Investment management feesManagement $42,258$42,258

IX-11g Other fees for servicesPrograms $444,240$444,240

IX-12 Advertising and promotionManagement $126,172$126,172

IX-13 Office expensesPrograms $2,437 · Management $109,885 · Fundraising $60,084$172,406

IX-14 Information technologyPrograms $265,557 · Management $44,358 · Fundraising $15,525$325,440

IX-16 OccupancyPrograms $1,084,019 · Management $184,962$1,268,981

IX-17 TravelManagement $26,498 · Fundraising $480$26,978

IX-20 InterestPrograms $99,148 · Management $27,164 · Fundraising $9,507$135,819

IX-22 Depreciation, depletion and amortizationPrograms $1,460,652 · Management $37,179$1,497,831

IX-23 InsurancePrograms $125,627 · Management $34,418 · Fundraising $12,046$172,091

IX-24 Other expenses (24a–d)Programs $1,503,206 · Management $104,732 · Fundraising $25,714$1,633,652

IX-24e All other expensesPrograms $334,554 · Management $306,960 · Fundraising $124,891$766,405

IX-25 Total functional expensesPrograms $18,326,188 · Management $3,044,919 · Fundraising $1,465,041$22,836,148

Part X · Balance sheet $56,393,976 assets, 19 lines filed

X-1 Cash, non-interest-bearingStart of year $2,525,925$2,956,179

X-2 Savings and temporary cash investmentsStart of year $2,871,238$3,092,131

X-3 Pledges and grants receivableStart of year $413,525$328,527

X-4 Accounts receivableStart of year $23,588$74,908

X-8 Inventories for sale or useStart of year $36,440$46,667

X-9 Prepaid expenses and deferred chargesStart of year $460,790$450,312

X-10c Land, buildings and equipment, netStart of year $30,384,760$29,487,581

X-11 Publicly traded securitiesStart of year $15,674,044$19,835,622

X-12 Other securitiesStart of year $44,936$50,989

X-15 Other assetsStart of year $67,601$71,060

X-16 Total assetsStart of year $52,601,984$56,393,976

X-17 Accounts payable and accrued expensesStart of year $553,607$1,000,957

X-19 Deferred revenueStart of year $1,528,728$2,272,845

X-20 Tax-exempt bond liabilitiesStart of year $7,391,406$5,558,353

X-26 Total liabilitiesStart of year $9,473,741$8,832,155

X-27 Net assets without donor restrictionsStart of year $33,287,126$35,725,382

X-28 Net assets with donor restrictionsStart of year $9,841,117$11,836,439

X-32 Total net assets or fund balancesStart of year $43,128,243$47,561,821

X-33 Total liabilities and net assetsStart of year $52,601,984$56,393,976

Part XI · Reconciliation of net assets $47,561,821 net assets at year end

XI-1 Total revenue$24,537,877

XI-2 Total expenses$22,836,148

XI-3 Revenue less expenses$1,701,729

XI-4 Net assets at start of year$43,128,243

XI-5 Net unrealized gains (losses) on investments$2,731,849

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year$47,561,821

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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The Pingree School INC FY2021 filing

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