The Academy provides educational activities to approximately 300 students grades 9-12.

501(c)(3) charity; gifts are tax-deductible.
80¢ of each $1 spent went to programs.
$1.2M 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

FY2024 · 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
2 of 5
filings with a surplus
Average surplus $308K a year · 1% of revenue · last 5 filings
Worth a look: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
80%
of spending
Looks good: 80% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$1.2M
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
2 mo
of spending, in cash
Plus $21.1M in investments, Pt X · Ln 11–13
Fine: 2.3 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $284K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$10.9M
22% of total assets
Looks good: liabilities are 22% of assets; 50% or less.
Pt X · Ln 26
Independent board members
15
of 15 voting members
Looks good: 15 of 15 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$22.3M
+9% vs prior year
Spent
$23.5M
To programs
80%
Net assets
$37.9M
By yearFY2021–FY2025
Revenue
$22.3M
FY2024▲ +9%
Tap a bar for its year
Revenue by fiscal year
FY2021$25.5M
FY2022$20.8M
FY2023$20.4M
FY2024$22.3M
FY2025$28.3M
Expenses
$23.5M
FY2024▲ +4%
Tap a bar for its year
Expenses by fiscal year
FY2021$21.8M
FY2022$22.7M
FY2023$22.6M
FY2024$23.5M
FY2025$25.1M
Net assets
$37.9M
FY2024▼ -2%
Tap a bar for its year
Net assets by fiscal year
FY2021$44.3M
FY2022$40.7M
FY2023$38.9M
FY2024$37.9M
FY2025$40.4M

From the FY2024 Form 990 (year ending June 2024) · figures checked against the IRS filing · see the original

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You’re viewing the FY2024 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 Feb 1939.

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

Where the money goes

80 cents of each dollar spent went to programs.

Program services 80% · $18.8M Management & general 14% · $3.3M Fundraising 6% · $1.4M

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

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

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
Head of School
$394,987Pt VII · Sec A
Chief Financial Officer
$160,079Pt VII · Sec A
Assistant Head of School
$155,883Pt VII · Sec A
Director of Dev., Thru Dec. 2023
$138,854Pt VII · Sec A
Chief Marketing Off., Thru Dec. 2023
$123,127Pt VII · Sec A
Director of Counseling
$117,610Pt VII · Sec A
Director of Admission
$111,453Pt VII · Sec A
$0Pt VII · Sec A

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021
Julie Anderson$362,724$394,987$394,922$333,496$329,911
Joe Long$195,021————
Amy Brough——$121,052$174,480$175,566
Sara Lynn Leavenworth——$169,931$167,364$166,014
Matthew Piechota$166,922$160,079$154,111$146,758$143,870
Adolphus Clinton$166,305$155,883———
Barbara Davis—$138,854$129,592$112,303$110,805
David Dykeman———$131,807$134,500

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 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Offers educational activities to about 300 high school students.

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Provided by the organization

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1 program · $18.8M · in their own filed words · FY2023
01

Cheshire academy students grow increasingly capable of independently observing, questioning, explaining, interpreting, and analyzing the world. Our academic process begins with what students know and want to know, and develops active learners who reflect on their growth and the implications of their learning.

$18.8Mprogram 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 2 funders$284K
Grants paid · 10 grants · $25.0M · 2020–2024
Unitemized GrantFY2024$4,678,387
Unitemized GrantFY2024$128,875
Unitemized GrantFY2023$4,808,846
Unitemized GrantFY2023$64,823
Unitemized GrantFY2022$4,173,851
Unitemized GrantFY2022$111,240
Unitemized GrantFY2021$4,980,821
Unitemized GrantFY2021$82,797
Unitemized GrantFY2020$5,871,049
Unitemized GrantFY2020$59,785

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$22.3M
Ln 12
Fees for servicesLn 2g$18.8M
Gifts and grantsLn 1h$1.7M
Investment incomeLn 3$1.2M
Money outPt IX
$23.5M
Ln 25
Programscol B$18.8M
Managementcol C$3.3M
Fundraisingcol D$1.4M
Owns and owesPt X
$37.9M
net assets · Ln 32
Cash and savingsLn 1–2$4.5M
Total assetsLn 16$48.8M
LiabilitiesLn 26$10.9M
PeoplePt VI, VII
23
listed · VII A
PaidVII A7
Voting boardVI 1a15
IndependentVI 1b15
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.7M
Noncash giftsLn 1g$5K
Fees for servicesLn 2g$18.8M
Investment incomeLn 3$1.2M
Other incomeLn 4–11$637K
Gains on assetsLn 7$774K
Total revenueLn 12$22.3M
Assets in detailPt X, end of year
CashLn 1$2.9M
SavingsLn 2$1.6M
Cash and savings togetherLn 1–2$4.5M
InvestmentsLn 11–13$21.1M
Land, buildings, equipmentLn 10c$21.2M
Total assetsLn 16$48.8M
LiabilitiesLn 26$10.9M
Net assetsLn 32$37.9M
OperationsPt I, VI
EmployeesI 5159
VolunteersI 615
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 FY24End FY24
Cash and savingsLn 1–2$5.8M$4.5M
InvestmentsLn 11–13$20.7M$21.1M
Land, buildings, equipmentLn 10c$21.8M$21.2M
Total assetsLn 16$50.0M$48.8M
LiabilitiesLn 26$11.1M$10.9M
Net assetsLn 32$38.9M$37.9M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$4.9M$4.9M
Pay of current officers, directors and key staffLn 5$694K$112K$471K$112K
Pay of disqualified personsLn 6$50K$50K
Other salaries and wagesLn 7$7.9M$5.9M$1.3M$643K
Pension plan contributionsLn 8$448K$338K$74K$36K
Other employee benefitsLn 9$1.2M$920K$186K$101K
Payroll taxesLn 10$675K$483K$133K$59K
Legal feesLn 11b$114K$114K
Accounting feesLn 11c$34K$34K
Other fees for servicesLn 11g$1.5M$985K$325K$174K
Advertising and promotionLn 12$76K$50K$25K
Office expensesLn 13$841K$669K$104K$68K
Information technologyLn 14$63K$55K$91$8K
OccupancyLn 16$590K$490K$79K$21K
TravelLn 17$261K$115K$53K$93K
Conferences, conventions and meetingsLn 19$3K$3K
InterestLn 20$65K$49K$13K$4K
Depreciation, depletion and amortizationLn 22$1.7M$1.4M$189K$51K
InsuranceLn 23$210K$179K$25K$7K
Other expenses (24a–d)Ln 24$2.2M$2.2M$39K$7K
All other expensesLn 24e$78K$20K$56K$3K
Total functional expensesLn 25$23.5M$18.8M$3.3M$1.4M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $28.3M$25.1M$3.2M$40.4M 990 PDF
FY2024 Viewing $22.3M$23.5M−$1.2M$37.9M 990 PDF
FY2023 $20.4M$22.6M−$2.2M$38.9M 990 PDF
FY2022 $20.8M$22.7M−$1.9M$40.7M 990 PDF
FY2021 $25.5M$21.8M$3.6M$44.3M 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 FY2024 990 (6 parts)
Part I · Summary $22,316,748 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $2,031,955$1,683,795
I-9 Program service revenuePrior year $17,143,973$18,826,207
I-10 Investment incomePrior year $1,061,294$1,170,033
I-11 Other revenuePrior year $150,033$636,713
I-12 Total revenuePrior year $20,387,255$22,316,748
I-13 Grants and similar amounts paidPrior year $4,285,091$4,873,669
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $10,642,759$10,939,047
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $7,628,013$7,685,773
I-18 Total expensesPrior year $22,555,863$23,498,489
I-19 Revenue less expensesPrior year −$2,168,608−$1,181,741
Part VI · Governance 15 of 15 board members independent, 1 to look at
VI-1a Voting members of the governing body15
VI-1b Independent voting members15
VI-2 Family or business relationship among officers or directorsYes
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 $22,316,748 across 9 lines filed
Lines not itemized here account for $41,400 of total revenue; see the IRS return.
VIII-1f All other contributions, gifts and grants$1,683,795
VIII-1g Noncash contributions (included above)$4,920
VIII-1h Total contributions, gifts and grants$1,683,795
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $18,826,207$18,826,207
VIII-3 Investment incomeExcluded from tax $378,529$378,529
VIII-6 Net rental income or lossExcluded from tax $50,800$50,800
VIII-7 Net gain or loss on sales of assetsExcluded from tax $773,645$773,645
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $562,372$562,372
VIII-12 Total revenueRelated to mission $18,849,748 · Unrelated business $0 · Excluded from tax $1,783,205$22,316,748
Part IX · Statement of functional expenses $23,498,489 across 21 lines filed
IX-2 Grants to domestic individualsPrograms $4,873,669$4,873,669
IX-5 Pay of current officers, directors and key staffPrograms $111,521 · Management $471,270 · Fundraising $111,521$694,312
IX-6 Pay of disqualified personsPrograms $49,874$49,874
IX-7 Other salaries and wagesPrograms $5,888,866 · Management $1,333,057 · Fundraising $643,082$7,865,005
IX-8 Pension plan contributionsPrograms $337,849 · Management $73,621 · Fundraising $36,310$447,780
IX-9 Other employee benefitsPrograms $919,640 · Management $186,181 · Fundraising $101,442$1,207,263
IX-10 Payroll taxesPrograms $483,183 · Management $132,606 · Fundraising $59,024$674,813
IX-11b Legal feesManagement $114,365$114,365
IX-11c Accounting feesManagement $34,471$34,471
IX-11g Other fees for servicesPrograms $984,970 · Management $324,668 · Fundraising $174,241$1,483,879
IX-12 Advertising and promotionManagement $50,210 · Fundraising $25,473$75,683
IX-13 Office expensesPrograms $668,808 · Management $103,897 · Fundraising $68,059$840,764
IX-14 Information technologyPrograms $54,985 · Management $91 · Fundraising $8,278$63,354
IX-16 OccupancyPrograms $489,749 · Management $78,937 · Fundraising $21,472$590,158
IX-17 TravelPrograms $115,193 · Management $53,307 · Fundraising $92,780$261,280
IX-19 Conferences, conventions and meetingsPrograms $3,128$3,128
IX-20 InterestPrograms $48,566 · Management $13,004 · Fundraising $3,537$65,107
IX-22 Depreciation, depletion and amortizationPrograms $1,412,323 · Management $188,943 · Fundraising $51,395$1,652,661
IX-23 InsurancePrograms $178,770 · Management $24,712 · Fundraising $6,722$210,204
IX-24 Other expenses (24a–d)Programs $2,166,365 · Management $39,277 · Fundraising $7,108$2,212,750
IX-24e All other expensesPrograms $19,676 · Management $55,649 · Fundraising $2,644$77,969
IX-25 Total functional expensesPrograms $18,807,135 · Management $3,278,266 · Fundraising $1,413,088$23,498,489
Part X · Balance sheet $48,844,775 assets, 18 lines filed
X-1 Cash, non-interest-bearingStart of year $3,573,055$2,906,397
X-2 Savings and temporary cash investmentsStart of year $2,236,922$1,593,780
X-3 Pledges and grants receivableStart of year $926,448$1,114,943
X-4 Accounts receivableStart of year $294,627$380,065
X-8 Inventories for sale or useStart of year $61,456$83,469
X-9 Prepaid expenses and deferred chargesStart of year $345,368$493,859
X-10c Land, buildings and equipment, netStart of year $21,791,795$21,214,274
X-11 Publicly traded securitiesStart of year $12,204,132$12,030,635
X-12 Other securitiesStart of year $8,521,635$9,027,353
X-16 Total assetsStart of year $49,955,438$48,844,775
X-17 Accounts payable and accrued expensesStart of year $757,271$292,834
X-19 Deferred revenueStart of year $4,896,759$4,799,207
X-20 Tax-exempt bond liabilitiesStart of year $5,145,165$5,318,880
X-26 Total liabilitiesStart of year $11,103,528$10,931,948
X-27 Net assets without donor restrictionsStart of year $19,213,601$17,423,375
X-28 Net assets with donor restrictionsStart of year $19,638,309$20,489,452
X-32 Total net assets or fund balancesStart of year $38,851,910$37,912,827
X-33 Total liabilities and net assetsStart of year $49,955,438$48,844,775
Part XI · Reconciliation of net assets $37,912,827 net assets at year end
XI-1 Total revenue$22,316,748
XI-2 Total expenses$23,498,489
XI-3 Revenue less expenses−$1,181,741
XI-4 Net assets at start of year$38,851,910
XI-5 Net unrealized gains (losses) on investments$132,693
XI-9 Other changes in net assets$109,965
XI-10 Net assets at end of year$37,912,827

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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