Cape Cod Academy cultivates academic excellence and fosters a passion for life-long learning. Our nurturing k-12 community is deeply rooted in our core values of scholarship, integrity, compassion, and respect. Empowered by meaningful relationships, students develop the intellectual and social skills to become confident, independent, and successful citizens.

501(c)(3) charity; gifts are tax-deductible.
87¢ of each $1 spent went to programs.
Run by 75 volunteers and 130 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · 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
4 of 6
filings with a surplus
Average deficit $324K a year · 3% of revenue · last 6 filings
Fine: a surplus in 4 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
87%
of spending
Looks good: 87% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$546K
to officers and key staff · 5% of spending
Looks good: pay to officers and key staff is 5% of spending; 15% or less.
Pt VII · Sec A
<1 mo
of spending, in cash
Worth a look: 0.6 months of spending in cash; under 1.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $2K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$9.1M
86% of total assets
Concern: liabilities are 86% of assets; over 80%.
Pt X · Ln 26
Independent board members
10
of 11 voting members
Looks good: 10 of 11 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
-19% vs prior year
Spent
$10.1M
To programs
87%
Net assets
$1.5M
By yearFY2020–FY2025
Revenue
$9.1M
FY2025▼ -19%
Tap a bar for its year
Revenue by fiscal year
FY2020$7.4M
FY2021$10.6M
FY2022$11.6M
FY2023$12.2M
FY2024$11.3M
FY2025$9.1M
Expenses
$10.1M
FY2025▼ -10%
Tap a bar for its year
Expenses by fiscal year
FY2020$9.7M
FY2021$10.5M
FY2022$11.1M
FY2023$11.5M
FY2024$11.2M
FY2025$10.1M
Net assets
$1.5M
FY2025▼ -41%
Tap a bar for its year
Net assets by fiscal year
FY2020$1.2M
FY2021$1.3M
FY2022$1.8M
FY2023$2.5M
FY2024$2.5M
FY2025$1.5M

From the FY2025 Form 990 (year ending June 2025) · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jun 1977.

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

Where the money goes

87 cents of each dollar spent went to programs.

Program services 87% · $8.8M Management & general 11% · $1.1M Fundraising 3% · $287K

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

15 people listed on the 990; $546K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Head of School (thru 08/2024)
$188,298Pt VII · Sec A
Head of School (as of 08/2024)
$131,923Pt VII · Sec A
Head of Lower School
$122,260Pt VII · Sec A
$103,106Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Trustee
$0Pt VII · Sec A
$0Pt VII · Sec A

Compensation history total reportable pay by year · 7 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Jeff Thompson—$300,000$309,217$300,000$303,134$111,000
Chad Small—————$205,337
Jeffrey Thompson$188,298—————
Julie Salit$131,923—————
Lisa Fournier Kowaleski$122,260$128,750$126,300———
Hellie Swartwood—$109,813$111,397———
Philip Kenney$103,106—————

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 K-12 students, fostering academic excellence and lifelong learning through core values.

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1 program · $8.8M · in their own filed words · FY2024
01

The academy nurtures students' individual talents and curiosities and offers multiple opportunities for self-directed study, service, and leadership. The academy offers a full kindergarten through 12 education with a focus on early childhood development, art and music, ap classes, service & entrepreneurship and more.

$8.8Mprogram 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
Total grants receivedfrom 1 funder$2K
Grants paid · 2 grants · $3.6M · 2020–2020
Unitemized GrantFY2020$3,241,412
Unitemized GrantFY2020$376,109

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$9.1M
Ln 12
Fees for servicesLn 2g$7.7M
Gifts and grantsLn 1h$1.0M
Other incomeLn 4–11$293K
Money outPt IX
$10.1M
Ln 25
Programscol B$8.8M
Managementcol C$1.1M
Fundraisingcol D$287K
Owns and owesPt X
$1.5M
net assets · Ln 32
Cash and savingsLn 1–2$487K
Total assetsLn 16$10.6M
LiabilitiesLn 26$9.1M
PeoplePt VI, VII
15
listed · VII A
PaidVII A4
Voting boardVI 1a11
IndependentVI 1b10
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.0M
Government grantsLn 1e$30K
Noncash giftsLn 1g$109K
Fundraising eventsLn 1c$182K
Fees for servicesLn 2g$7.7M
Investment incomeLn 3$44K
Other incomeLn 4–11$293K
Gains on assetsLn 7$6K
Total revenueLn 12$9.1M
Assets in detailPt X, end of year
CashLn 1$171K
SavingsLn 2$316K
Cash and savings togetherLn 1–2$487K
Land, buildings, equipmentLn 10c$10.0M
Total assetsLn 16$10.6M
LiabilitiesLn 26$9.1M
Net assetsLn 32$1.5M
OperationsPt I, VI
EmployeesI 5130
VolunteersI 675
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 FY25End FY25
Cash and savingsLn 1–2$1.5M$487K
Land, buildings, equipmentLn 10c$10.3M$10.0M
Total assetsLn 16$11.9M$10.6M
LiabilitiesLn 26$9.4M$9.1M
Net assetsLn 32$2.5M$1.5M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$2.5M$2.5M
Pay of current officers, directors and key staffLn 5$512K$413K$82K$16K
Other salaries and wagesLn 7$4.0M$3.6M$184K$205K
Pension plan contributionsLn 8$392K$382K$7K$2K
Other employee benefitsLn 9$111K$98K$5K$9K
Payroll taxesLn 10$349K$305K$23K$21K
Legal feesLn 11b$20K$20K
Accounting feesLn 11c$35K$35K
Other fees for servicesLn 11g$267K$267K
Advertising and promotionLn 12$28K$28K
Office expensesLn 13$43K$2K$33K$8K
Information technologyLn 14$163K$153K$8K$2K
OccupancyLn 16$430K$409K$22K
Conferences, conventions and meetingsLn 19$31K$28K$2K
InterestLn 20$119K$119K
Depreciation, depletion and amortizationLn 22$540K$510K$24K$6K
InsuranceLn 23$184K$10K$173K$598
Other expenses (24a–d)Ln 24$405K$405K
All other expensesLn 24e$53K$3K$33K$18K
Total functional expensesLn 25$10.1M$8.8M$1.1M$287K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $9.1M$10.1M−$1.0M$1.5M 990 PDF
FY2024 $11.3M$11.2M$57K$2.5M 990 PDF
FY2023 $12.2M$11.5M$682K$2.5M 990 PDF
FY2022 $11.6M$11.1M$506K$1.8M 990 PDF
FY2021 $10.6M$10.5M$117K$1.3M 990 PDF
FY2020 $7.4M$9.7M−$2.3M$1.2M 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 FY2025 990 (6 parts)
Part I · Summary $9,093,546 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $992,351$1,025,737
I-9 Program service revenuePrior year $9,962,162$7,731,449
I-10 Investment incomePrior year $44,316$43,586
I-11 Other revenuePrior year $257,148$292,774
I-12 Total revenuePrior year $11,255,977$9,093,546
I-13 Grants and similar amounts paidPrior year $3,175,533$2,490,493
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $5,808,744$5,327,747
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $2,215,043$2,316,256
I-18 Total expensesPrior year $11,199,320$10,134,496
I-19 Revenue less expensesPrior year $56,657−$1,040,950
Part VI · Governance 10 of 11 board members independent, no flags
VI-1a Voting members of the governing body11
VI-1b Independent voting members10
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 $9,093,546 across 11 lines filed
Lines not itemized here account for $103,615 of total revenue; see the IRS return.
VIII-1c Fundraising events$181,943
VIII-1e Government grants$30,000
VIII-1f All other contributions, gifts and grants$813,794
VIII-1g Noncash contributions (included above)$109,321
VIII-1h Total contributions, gifts and grants$1,025,737
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $7,731,449$7,731,449
VIII-3 Investment incomeExcluded from tax $37,710$37,710
VIII-6 Net rental income or lossExcluded from tax $157,889$157,889
VIII-7 Net gain or loss on sales of assetsExcluded from tax $5,876$5,876
VIII-8 Net income from fundraising eventsExcluded from tax $31,270$31,270
VIII-12 Total revenueRelated to mission $7,731,449 · Unrelated business $0 · Excluded from tax $336,360$9,093,546
Part IX · Statement of functional expenses $10,134,496 across 19 lines filed
IX-2 Grants to domestic individualsPrograms $2,490,493$2,490,493
IX-5 Pay of current officers, directors and key staffPrograms $413,204 · Management $82,133 · Fundraising $16,440$511,777
IX-7 Other salaries and wagesPrograms $3,574,993 · Management $184,330 · Fundraising $204,616$3,963,939
IX-8 Pension plan contributionsPrograms $382,292 · Management $7,231 · Fundraising $2,373$391,896
IX-9 Other employee benefitsPrograms $97,573 · Management $5,110 · Fundraising $8,649$111,332
IX-10 Payroll taxesPrograms $304,941 · Management $22,692 · Fundraising $21,170$348,803
IX-11b Legal feesManagement $19,780$19,780
IX-11c Accounting feesManagement $35,160$35,160
IX-11g Other fees for servicesManagement $266,554$266,554
IX-12 Advertising and promotionManagement $27,974$27,974
IX-13 Office expensesPrograms $1,878 · Management $33,125 · Fundraising $7,871$42,874
IX-14 Information technologyPrograms $153,211 · Management $7,983 · Fundraising $1,555$162,749
IX-16 OccupancyPrograms $408,872 · Management $21,520$430,392
IX-19 Conferences, conventions and meetingsPrograms $28,461 · Management $2,298$30,759
IX-20 InterestManagement $118,571$118,571
IX-22 Depreciation, depletion and amortizationPrograms $509,848 · Management $24,068 · Fundraising $5,712$539,628
IX-23 InsurancePrograms $10,158 · Management $173,085 · Fundraising $598$183,841
IX-24 Other expenses (24a–d)Programs $404,512$404,512
IX-24e All other expensesPrograms $2,724 · Management $32,734 · Fundraising $18,004$53,462
IX-25 Total functional expensesPrograms $8,783,160 · Management $1,064,348 · Fundraising $286,988$10,134,496
Part X · Balance sheet $10,572,925 assets, 16 lines filed
X-1 Cash, non-interest-bearingStart of year $891,242$170,948
X-2 Savings and temporary cash investmentsStart of year $645,487$315,625
X-3 Pledges and grants receivableStart of year $86,000$32,290
X-4 Accounts receivableStart of year $23,129$28,739
X-9 Prepaid expenses and deferred chargesStart of year $21,830$21,532
X-10c Land, buildings and equipment, netStart of year $10,279,003$10,003,791
X-16 Total assetsStart of year $11,946,691$10,572,925
X-17 Accounts payable and accrued expensesStart of year $563,405$692,745
X-19 Deferred revenueStart of year $1,892,549$1,447,466
X-24 Unsecured notes and loans payableStart of year $150,000$150,000
X-25 Other liabilitiesStart of year $78,459$61,386
X-26 Total liabilitiesStart of year $9,434,413$9,101,597
X-27 Net assets without donor restrictionsStart of year $1,670,599$629,649
X-28 Net assets with donor restrictionsStart of year $841,679$841,679
X-32 Total net assets or fund balancesStart of year $2,512,278$1,471,328
X-33 Total liabilities and net assetsStart of year $11,946,691$10,572,925
Part XI · Reconciliation of net assets $1,471,328 net assets at year end
XI-1 Total revenue$9,093,546
XI-2 Total expenses$10,134,496
XI-3 Revenue less expenses−$1,040,950
XI-4 Net assets at start of year$2,512,278
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,471,328

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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