Hackley School: Nonprofit Profile, Financials & Form 990 (EIN 13-1740452)

Charles Franklin’s $573K as Head of School is at the 81st percentile of top reported officer pay among 2901 $10–100M health care 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	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020
Charles Franklin	$573,265	$280,175	—	—	—	—
Peter McAndrew	—	—	$259,755	$573,019	$355,477	$344,695
Michael Wirtz	$457,752	$432,602	$439,907	$417,306	$393,822	$368,925
Erin Bernstein	$297,428	$282,213	$147,492	—	—	—
John P Gannon	$246,313	$225,403	$216,549	$213,535	$206,398	$200,981
Teresa Weber	—	$199,218	$229,149	$222,009	$213,813	$208,033
Philip J Variano	—	—	—	$169,414	$214,278	$216,128
Andrew M King	$205,331	$193,878	$192,075	$188,025	$183,653	$176,441

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 boys and girls in a college preparatory curriculum from kindergarten through twelfth grade.

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2 programs · $53.4M · in their own filed words · FY2024

01

Instruction and Related Costs

Include all costs associated with instruction of 859 students. The school offers financial aid grants to qualified students based on demonstrated need.

$52.8Mprogram expense

02

Auxiliary activities includes services indirectly related to instruction such as student activities expenses, music institute, drivers education, etc., as well as summer programs.

$552Kprogram 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

Hackley Alumni Endowment FundFY2025$157K

The Rice Family Charitable FoundationFY2025$5K

Total grants receivedfrom 2 funders$162K

Grants paid · 4 grants · $31.9M · 2020–2023

Unitemized GrantFY2023$8,467,927

Unitemized GrantFY2022$7,961,579

Unitemized GrantFY2021$7,890,641

Unitemized GrantFY2020$7,614,044

By the numbers

The FY2025 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$71.2M

Ln 12

Fees for servicesLn 2g$49.1M

Gifts and grantsLn 1h$15.9M

Investment incomeLn 3$5.2M

Money outPt IX

$62.0M

Ln 25

Programscol B$53.4M

Managementcol C$6.4M

Fundraisingcol D$2.2M

Owns and owesPt X

$278.6M

net assets · Ln 32

Cash and savingsLn 1–2$21.8M

Total assetsLn 16$308.7M

LiabilitiesLn 26$30.1M

PeoplePt VI, VII

33

listed · VII A

PaidVII A8

Voting boardVI 1a23

IndependentVI 1b23

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$15.9M

Government grantsLn 1e$517K

Noncash giftsLn 1g$9.7M

Fundraising eventsLn 1c$20K

Fees for servicesLn 2g$49.1M

Investment incomeLn 3$5.2M

Other incomeLn 4–11$999K

Gains on assetsLn 7$1.9M

Total revenueLn 12$71.2M

Assets in detailPt X, end of year

CashLn 1$6K

SavingsLn 2$21.8M

Cash and savings togetherLn 1–2$21.8M

InvestmentsLn 11–13$99.9M

Land, buildings, equipmentLn 10c$183.2M

Other assetsLn 15$648K

Total assetsLn 16$308.7M

LiabilitiesLn 26$30.1M

Net assetsLn 32$278.6M

OperationsPt I, VI

EmployeesI 5340

VolunteersI 620

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	$19.0M	$21.8M
InvestmentsLn 11–13	$107.1M	$99.9M
Land, buildings, equipmentLn 10c	$169.7M	$183.2M
Total assetsLn 16	$300.5M	$308.7M
LiabilitiesLn 26	$38.4M	$30.1M
Net assetsLn 32	$262.0M	$278.6M

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Grants to domestic individualsLn 2	$9.2M	$9.2M
Pay of current officers, directors and key staffLn 5	$1.3M	$1.1M	$137K	$49K
Other salaries and wagesLn 7	$23.4M	$19.9M	$2.5M	$913K
Pension plan contributionsLn 8	$1.8M	$1.5M	$193K	$70K
Other employee benefitsLn 9	$4.5M	$3.9M	$492K	$178K
Payroll taxesLn 10	$1.7M	$1.5M	$185K	$67K
Legal feesLn 11b	$168K		$168K
Accounting feesLn 11c	$127K		$127K
Investment management feesLn 11f	$174K		$174K
Other fees for servicesLn 11g	$219K		$219K
Office expensesLn 13	$1.5M	$157K	$789K	$566K
InterestLn 20	$86K	$24K	$61K	$1K
Depreciation, depletion and amortizationLn 22	$7.2M	$5.7M	$1.1M	$287K
InsuranceLn 23	$642K	$604K	$32K	$6K
Other expenses (24a–d)Ln 24	$9.8M	$9.6M	$130K	$65K
All other expensesLn 24e	$147K	$144K	$2K	$1K
Total functional expensesLn 25	$62.0M	$53.4M	$6.4M	$2.2M

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2025 Latest Viewing	$71.2M	$62.0M	$9.3M	$278.6M	990 PDF
FY2024	$62.5M	$57.6M	$4.9M	$262.0M	990 PDF
FY2023	$58.2M	$55.1M	$3.1M	$248.0M	990 PDF
FY2022	$63.8M	$53.0M	$10.8M	$240.4M	990 PDF
FY2021	$70.1M	$52.6M	$17.5M	$243.9M	990 PDF
FY2020	$66.4M	$48.2M	$18.2M	$214.2M	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 $71,225,253 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $11,003,071$15,936,112

I-9 Program service revenuePrior year $46,858,429$49,058,271

I-10 Investment incomePrior year $3,770,740$5,232,346

I-11 Other revenuePrior year $880,996$998,524

I-12 Total revenuePrior year $62,513,236$71,225,253

I-13 Grants and similar amounts paidPrior year $8,467,927$9,233,731

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

I-15 Salaries and benefitsPrior year $31,953,549$32,670,691

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

I-17 Other expensesPrior year $17,184,305$20,065,542

I-18 Total expensesPrior year $57,605,781$61,969,964

I-19 Revenue less expensesPrior year $4,907,455$9,255,289

Part VI · Governance 23 of 23 board members independent, no flags

VI-1a Voting members of the governing body23

VI-1b Independent voting members23

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 $71,225,253 across 12 lines filed

VIII-1c Fundraising events$20,290

VIII-1d Related organizations$162,151

VIII-1e Government grants$516,927

VIII-1f All other contributions, gifts and grants$15,236,744

VIII-1g Noncash contributions (included above)$9,725,991

VIII-1h Total contributions, gifts and grants$15,936,112

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $49,058,271$49,058,271

VIII-3 Investment incomeExcluded from tax $3,369,050$3,369,050

VIII-6 Net rental income or lossUnrelated business $539,610 · Excluded from tax $476,418$1,016,028

VIII-7 Net gain or loss on sales of assetsExcluded from tax $1,863,296$1,863,296

VIII-8 Net income from fundraising eventsExcluded from tax −$17,504−$17,504

VIII-12 Total revenueRelated to mission $49,058,271 · Unrelated business $539,610 · Excluded from tax $5,691,260$71,225,253

Part IX · Statement of functional expenses $61,969,964 across 16 lines filed

IX-2 Grants to domestic individualsPrograms $9,233,731$9,233,731

IX-5 Pay of current officers, directors and key staffPrograms $1,079,691 · Management $137,177 · Fundraising $49,484$1,266,352

IX-7 Other salaries and wagesPrograms $19,926,845 · Management $2,531,750 · Fundraising $913,268$23,371,863

IX-8 Pension plan contributionsPrograms $1,517,257 · Management $192,771 · Fundraising $69,537$1,779,565

IX-9 Other employee benefitsPrograms $3,875,136 · Management $492,344 · Fundraising $177,601$4,545,081

IX-10 Payroll taxesPrograms $1,456,096 · Management $185,000 · Fundraising $66,734$1,707,830

IX-11b Legal feesManagement $168,360$168,360

IX-11c Accounting feesManagement $127,482$127,482

IX-11f Investment management feesManagement $173,562$173,562

IX-11g Other fees for servicesManagement $219,219$219,219

IX-13 Office expensesPrograms $156,662 · Management $789,092 · Fundraising $566,482$1,512,236

IX-20 InterestPrograms $24,221 · Management $61,020 · Fundraising $1,211$86,452

IX-22 Depreciation, depletion and amortizationPrograms $5,747,534 · Management $1,149,507 · Fundraising $287,377$7,184,418

IX-23 InsurancePrograms $603,515 · Management $31,786 · Fundraising $6,222$641,523

IX-24 Other expenses (24a–d)Programs $9,610,016 · Management $130,186 · Fundraising $65,164$9,805,366

IX-24e All other expensesPrograms $143,897 · Management $1,848 · Fundraising $1,179$146,924

IX-25 Total functional expensesPrograms $53,374,601 · Management $6,391,104 · Fundraising $2,204,259$61,969,964

Part X · Balance sheet $308,694,208 assets, 20 lines filed

Asset lines not itemized here account for $6,545; see the IRS return.

X-1 Cash, non-interest-bearingStart of year $2,989$6,389

X-2 Savings and temporary cash investmentsStart of year $18,974,277$21,754,627

X-3 Pledges and grants receivableStart of year $2,855,240$2,222,485

X-4 Accounts receivableStart of year $166,394$120,314

X-8 Inventories for sale or useStart of year $36,298$30,714

X-9 Prepaid expenses and deferred chargesStart of year $941,814$860,314

X-10c Land, buildings and equipment, netStart of year $169,699,080$183,185,693

X-11 Publicly traded securitiesStart of year $105,200,920$98,217,751

X-12 Other securitiesStart of year $1,898,933$1,641,322

X-15 Other assetsStart of year $689,454$648,054

X-16 Total assetsStart of year $300,465,630$308,694,208

X-17 Accounts payable and accrued expensesStart of year $13,064,777$5,804,441

X-19 Deferred revenueStart of year $17,941,320$17,888,275

X-20 Tax-exempt bond liabilitiesStart of year $1,595,000$1,280,000

X-25 Other liabilitiesStart of year $5,837,471$5,109,102

X-26 Total liabilitiesStart of year $38,438,568$30,081,818

X-27 Net assets without donor restrictionsStart of year $163,958,674$223,229,605

X-28 Net assets with donor restrictionsStart of year $98,068,388$55,382,785

X-32 Total net assets or fund balancesStart of year $262,027,062$278,612,390

X-33 Total liabilities and net assetsStart of year $300,465,630$308,694,208

Part XI · Reconciliation of net assets $278,612,390 net assets at year end

XI-1 Total revenue$71,225,253

XI-2 Total expenses$61,969,964

XI-3 Revenue less expenses$9,255,289

XI-4 Net assets at start of year$262,027,062

XI-5 Net unrealized gains (losses) on investments$6,576,554

XI-9 Other changes in net assets$753,485

XI-10 Net assets at end of year$278,612,390

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

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Hackley School

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