Salisbury School INC FY2022 filing

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Salisbury School was founded to instill a vibrant enthusiasm for learning and the self-confidence needed for intellectual, physical, moral and spiritual development. Though we are a non-denominational School open to boys of all belief systems, spiritual exploration is one of our core traditions.built on essential core values, the school's unique culture promotes brotherhood, creativity, empathy, humility, integrity, leadership and respect. Salisbury graduates are men of character and promise who are prepared to meet the challenges of college and adulthood and to make a difference in an entrepreneurial, technological and cosmopolitan world.

501(c)(3) charity; gifts are tax-deductible.
78¢ of each $1 spent went to programs.
$2.4M 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
6 of 6
filings with a surplus
Average surplus $6.7M a year · 18% of revenue · last 6 filings
Looks good: a surplus in 6 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
78%
of spending
Looks good: 78% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$2.4M
to officers and key staff · 9% of spending
Looks good: pay to officers and key staff is 9% of spending; 15% or less.
Pt VII · Sec A
7 mo
of spending, in cash
Plus $71.2M in investments, Pt X · Ln 11–13
Looks good: 7.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $10K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$50.8M
23% of total assets
Looks good: liabilities are 23% of assets; 50% or less.
Pt X · Ln 26
Independent board members
28
of 28 voting members
Looks good: 28 of 28 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$36.8M
+15% vs prior year
Spent
$28.2M
To programs
78%
Net assets
$168.2M
By yearFY2020–FY2025
Revenue
$36.8M
FY2022▲ +15%
Tap a bar for its year
Revenue by fiscal year
FY2020$27.4M
FY2021$31.9M
FY2022$36.8M
FY2023$35.6M
FY2024$40.0M
FY2025$49.8M
Expenses
$28.2M
FY2022▲ +6%
Tap a bar for its year
Expenses by fiscal year
FY2020$27.1M
FY2021$26.7M
FY2022$28.2M
FY2023$30.7M
FY2024$33.3M
FY2025$35.6M
Net assets
$168.2M
FY2022▲ +2%
Tap a bar for its year
Net assets by fiscal year
FY2020$129.8M
FY2021$165.2M
FY2022$168.2M
FY2023$179.7M
FY2024$202.8M
FY2025$221.3M

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 Dec 1959.

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

Where the money goes

78 cents of each dollar spent went to programs.

Program services 78% · $21.9M Management & general 17% · $4.7M Fundraising 5% · $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

40 people listed on the 990-T; $2.4M 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
Head of School (former)
$1,004,087Pt VII · Sec A
Interim Head of School
$337,082Pt VII · Sec A
Interim CFO
$252,758Pt VII · Sec A
Asst Head of School for Institutional Advancement
$226,202Pt VII · Sec A
Dir. of Buildings, Grounds
$131,658Pt VII · Sec A
Dir. of Communicationsand
$125,180Pt VII · Sec A
Director of Admissions
$121,082Pt VII · Sec A
Director of Dining Services
$119,401Pt VII · Sec A

William V Webb’s $417K as Head of School is at the 82nd 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
Chisholm S Chandler———$1,004,087$385,290$390,390
Chisholm Chandler——$456,538———
William V Webb$416,516—————
Willliam Webb—$405,392$229,879———
Robert D Wynne$338,127——$337,082$338,823$205,575
Robert Wynne—$337,551$336,975———
Vafa Vahid$322,843$321,258$167,917———
Peter Gilbert—$275,782$251,706$226,202$226,082$164,665

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 Salisbury School INC 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 boys grades 9-12 from around the world as boarders and day students.

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1 program · $21.9M · in their own filed words · FY2021
01

Salisbury school is an independent boy's secondary school (grades 9 through 12) for approximately 307 boarding and day students.

$21.9Mprogram 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$10K
Grants paid · 1 grant · $40K · 2023–2023
Town of SalisburyFY2023$40,000

By the numbers

The FY2022 990-T, line by line.

1The main four
Money in
$36.8M
Fees for services$22.1M
Gifts and grants$9.9M
Investment income$4.8M
Money out
$28.2M
Programs$21.9M
Management$4.7M
Fundraising$1.5M
Owns and owes
$168.2M
net assets
Cash and savings$16.4M
Total assets$219.0M
Liabilities$50.8M
People
40
listed
Paid9
Voting board28
Independent28
2In more detail
Revenue in detail
Gifts and grants$9.9M
Government grants$2.0M
Fees for services$22.1M
Investment income$4.8M
Other income$11K
Total revenue$36.8M
Assets in detailEnd of year
Cash and savings together$16.4M
Total assets$219.0M
Liabilities$50.8M
Net assets$168.2M
Operations
Employees213
Volunteers33
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 15, 2026 $49.8M$35.6M$14.2M$221.3M 990 PDF
FY2024Filed with the IRS May 8, 2025 $40.0M$33.3M$6.7M$202.8M 990 PDF
FY2023Filed with the IRS May 14, 2024 $35.6M$30.7M$4.8M$179.7M 990 PDF
FY2022 Viewing $36.8M$28.2M$8.6M$168.2M 990 PDF
FY2021Filed with the IRS May 11, 2022 $31.9M$26.7M$5.2M$165.2M 990 PDF
FY2020Filed with the IRS Apr 16, 2021 $27.4M$27.1M$370K$129.8M 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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