Williams Memorial Institute: Nonprofit Profile, Financials & Form 990 (EIN 06-0646964)

Revenue by fiscal year
FY2020	$8.8M
FY2021	$13.3M
FY2022	$7.2M
FY2023	$7.1M
FY2024	$8.4M
FY2025	$9.0M

Expenses by fiscal year
FY2020	$7.8M
FY2021	$7.7M
FY2022	$7.7M
FY2023	$7.5M
FY2024	$8.2M
FY2025	$9.0M

Net assets by fiscal year
FY2020	$16.6M
FY2021	$20.6M
FY2022	$18.5M
FY2023	$19.3M
FY2024	$21.4M
FY2025	$22.6M

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Mar 1945.

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%

18%

Program services 80% · $7.1M Management & general 18% · $1.6M Fundraising 3% · $256K

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

33 people listed on the 990; $908K 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

Mark Fader

Head of School

$348,287Pt VII · Sec A

Sharon Gaudreau

Asst. Head of School for Enrollment

$130,617Pt VII · Sec A

Michael Alan Lawton

Director of Facilites

$124,656Pt VII · Sec A

Jane Hannon

Asst. Head of School for Teaching/Learning

$123,890Pt VII · Sec A

Dana Clark

Director of College Counseling

$102,425Pt VII · Sec A

Freda Gimpel

Chief Financial Officer

$77,965Pt VII · Sec A

Rodney Butler

Trustee

$0Pt VII · Sec A

Joe Delaurentis

Trustee

$0Pt VII · Sec A

Mark Fader’s $348K as Head of School is at the 97th percentile of top reported officer pay among 3394 $1–10M 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 · 7 named individuals · Part VII

Name	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020
Mark Fader	$348,287	$296,079	$313,768	$267,136	$284,188	$264,531
Kathleen Trammell	—	$171,127	$166,848	$157,395	$153,620	$157,708
Sharon Gaudreau	$130,617	—	—	—	—	—
Michael Alan Lawton	$124,656	—	—	—	—	—
Jane Hannon	$123,890	—	—	—	—	—
Dana Clark	$102,425	—	—	—	—	—
Freda Gimpel	$77,965	—	—	—	—	—

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

Offers secondary school education to students.

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Provided by the organization

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1 program · $7.1M · in their own filed words · FY2024

01

Williams memorial institute's primary program service is providing education for approximately 191 students from grades six through twelve.

$7.1Mprogram 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 · FY2024

Fidelity Investments Charitable Gift FundFY2024$39K

American Online Giving Foundation INCFY2024$29K

Boston Foundation INCFY2024$25K

Chester Kitchings Family FoundationFY2024$20K

Pfizer Foundation INCFY2024$10K

Morgan Stanley Global Impact Funding Trust INCFY2024$5K

Total grants receivedfrom 6 funders$128K

See all 6 funders →

Grants paid · 5 grants · $7.0M · 2019–2023

Unitemized GrantFY2023$1,476,824

Unitemized GrantFY2022$1,336,192

Unitemized GrantFY2021$1,383,838

Unitemized GrantFY2020$1,449,675

Unitemized GrantFY2019$1,321,395

By the numbers

The FY2025 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$9.0M

Ln 12

Fees for servicesLn 2g$7.3M

Gifts and grantsLn 1h$861K

Investment incomeLn 3$808K

Money outPt IX

$9.0M

Ln 25

Programscol B$7.1M

Managementcol C$1.6M

Fundraisingcol D$256K

Owns and owesPt X

$22.6M

net assets · Ln 32

Cash and savingsLn 1–2$2.0M

Total assetsLn 16$30.6M

LiabilitiesLn 26$8.0M

PeoplePt VI, VII

33

listed · VII A

PaidVII A6

Voting boardVI 1a25

IndependentVI 1b22

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$861K

Government grantsLn 1e$306K

Noncash giftsLn 1g$7K

Fees for servicesLn 2g$7.3M

Investment incomeLn 3$808K

Other incomeLn 4–11$25K

Total revenueLn 12$9.0M

Assets in detailPt X, end of year

CashLn 1$491K

SavingsLn 2$1.5M

Cash and savings togetherLn 1–2$2.0M

InvestmentsLn 11–13$17.7M

Land, buildings, equipmentLn 10c$6.9M

Other assetsLn 15$152K

Total assetsLn 16$30.6M

LiabilitiesLn 26$8.0M

Net assetsLn 32$22.6M

OperationsPt I, VI

EmployeesI 567

VolunteersI 625

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 FY25	End FY25
Cash and savingsLn 1–2	$3.5M	$2.0M
InvestmentsLn 11–13	$15.8M	$17.7M
Land, buildings, equipmentLn 10c	$6.3M	$6.9M
Total assetsLn 16	$29.5M	$30.6M
LiabilitiesLn 26	$8.1M	$8.0M
Net assetsLn 32	$21.4M	$22.6M

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Grants to domestic individualsLn 2	$1.6M	$1.6M
Pay of current officers, directors and key staffLn 5	$621K	$120K	$381K	$120K
Other salaries and wagesLn 7	$3.5M	$2.9M	$523K	$59K
Pension plan contributionsLn 8	$316K	$255K	$51K	$10K
Other employee benefitsLn 9	$289K	$244K	$45K
Payroll taxesLn 10	$275K	$206K	$58K	$11K
Legal feesLn 11b	$17K		$17K
Accounting feesLn 11c	$39K		$39K
Investment management feesLn 11f	$48K		$48K
Other fees for servicesLn 11g	$46K		$46K
Advertising and promotionLn 12	$125K		$120K	$5K
Office expensesLn 13	$88K	$60K	$25K	$3K
Information technologyLn 14	$68K	$47K	$21K
OccupancyLn 16	$134K	$119K	$12K	$3K
InterestLn 20	$49K		$49K
Depreciation, depletion and amortizationLn 22	$771K	$692K	$63K	$16K
InsuranceLn 23	$99K	$89K	$8K	$2K
Other expenses (24a–d)Ln 24	$678K	$663K	$12K	$3K
All other expensesLn 24e	$141K	$67K	$49K	$25K
Total functional expensesLn 25	$9.0M	$7.1M	$1.6M	$256K

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2025 Latest Viewing	$9.0M	$9.0M	−$1K	$22.6M	990 PDF
FY2024	$8.4M	$8.2M	$261K	$21.4M	990 PDF
FY2023	$7.1M	$7.5M	−$488K	$19.3M	990 PDF
FY2022	$7.2M	$7.7M	−$450K	$18.5M	990 PDF
FY2021	$13.3M	$7.7M	$5.6M	$20.6M	990 PDF
FY2020	$8.8M	$7.8M	$990K	$16.6M	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 J · Pay O · Explanations

See the full FY2025 990 (6 parts)

Part I · Summary $8,952,878 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $1,340,859$861,359

I-9 Program service revenuePrior year $6,667,846$7,258,032

I-10 Investment incomePrior year $397,406$808,168

I-11 Other revenuePrior year $8,287$25,319

I-12 Total revenuePrior year $8,414,398$8,952,878

I-13 Grants and similar amounts paidPrior year $1,476,824$1,622,320

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

I-15 Salaries and benefitsPrior year $4,417,804$5,028,827

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

I-17 Other expensesPrior year $2,259,018$2,302,906

I-18 Total expensesPrior year $8,153,646$8,954,053

I-19 Revenue less expensesPrior year $260,752−$1,175

Part VI · Governance 22 of 25 board members independent, no flags

VI-1a Voting members of the governing body25

VI-1b Independent voting members22

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 $8,952,878 across 9 lines filed

VIII-1e Government grants$306,031

VIII-1f All other contributions, gifts and grants$555,328

VIII-1g Noncash contributions (included above)$7,224

VIII-1h Total contributions, gifts and grants$861,359

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $7,258,032$7,258,032

VIII-3 Investment incomeExcluded from tax $808,168$808,168

VIII-6 Net rental income or lossExcluded from tax $10,125$10,125

VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $15,194$15,194

VIII-12 Total revenueRelated to mission $7,258,032 · Unrelated business $0 · Excluded from tax $833,487$8,952,878

Part IX · Statement of functional expenses $8,954,053 across 19 lines filed

IX-2 Grants to domestic individualsPrograms $1,622,320$1,622,320

IX-5 Pay of current officers, directors and key staffPrograms $119,747 · Management $381,342 · Fundraising $119,746$620,835

IX-7 Other salaries and wagesPrograms $2,945,588 · Management $523,432 · Fundraising $58,995$3,528,015

IX-8 Pension plan contributionsPrograms $255,139 · Management $50,890 · Fundraising $9,680$315,709

IX-9 Other employee benefitsPrograms $243,520 · Management $45,448$288,968

IX-10 Payroll taxesPrograms $206,409 · Management $57,979 · Fundraising $10,912$275,300

IX-11b Legal feesManagement $17,157$17,157

IX-11c Accounting feesManagement $39,223$39,223

IX-11f Investment management feesManagement $47,586$47,586

IX-11g Other fees for servicesManagement $45,577$45,577

IX-12 Advertising and promotionManagement $119,757 · Fundraising $5,025$124,782

IX-13 Office expensesPrograms $60,042 · Management $24,715 · Fundraising $3,051$87,808

IX-14 Information technologyPrograms $46,787 · Management $21,455$68,242

IX-16 OccupancyPrograms $118,689 · Management $12,489 · Fundraising $3,122$134,300

IX-20 InterestManagement $49,050$49,050

IX-22 Depreciation, depletion and amortizationPrograms $691,925 · Management $62,902 · Fundraising $15,726$770,553

IX-23 InsurancePrograms $89,025 · Management $8,093 · Fundraising $2,023$99,141

IX-24 Other expenses (24a–d)Programs $663,099 · Management $12,487 · Fundraising $2,769$678,355

IX-24e All other expensesPrograms $67,322 · Management $48,580 · Fundraising $25,230$141,132

IX-25 Total functional expensesPrograms $7,129,612 · Management $1,568,162 · Fundraising $256,279$8,954,053

Part X · Balance sheet $30,612,215 assets, 17 lines filed

X-1 Cash, non-interest-bearingStart of year $782,145$491,293

X-2 Savings and temporary cash investmentsStart of year $2,703,908$1,533,795

X-3 Pledges and grants receivableStart of year $3,756,311$3,730,392

X-4 Accounts receivableStart of year $21,580$25,275

X-9 Prepaid expenses and deferred chargesStart of year $66,536$56,765

X-10c Land, buildings and equipment, netStart of year $6,262,938$6,942,792

X-11 Publicly traded securitiesStart of year $15,837,334$17,679,913

X-15 Other assetsStart of year $90,132$151,990

X-16 Total assetsStart of year $29,520,884$30,612,215

X-17 Accounts payable and accrued expensesStart of year $546,385$741,763

X-19 Deferred revenueStart of year $5,367,375$5,332,624

X-25 Other liabilitiesStart of year $90,132$99,103

X-26 Total liabilitiesStart of year $8,071,054$7,969,803

X-27 Net assets without donor restrictionsStart of year $17,318,147$18,442,770

X-28 Net assets with donor restrictionsStart of year $4,131,683$4,199,642

X-32 Total net assets or fund balancesStart of year $21,449,830$22,642,412

X-33 Total liabilities and net assetsStart of year $29,520,884$30,612,215

Part XI · Reconciliation of net assets $22,642,412 net assets at year end

XI-1 Total revenue$8,952,878

XI-2 Total expenses$8,954,053

XI-3 Revenue less expenses−$1,175

XI-4 Net assets at start of year$21,449,830

XI-5 Net unrealized gains (losses) on investments$1,193,757

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year$22,642,412

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

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