The Windward School FY2024 filing

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501(c)(3) charity; gifts are tax-deductible.
84¢ of each $1 spent went to programs.
$2.5M paid to officers and key staff.
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
6 of 6
filings with a surplus
Average surplus $10.6M a year · 13% 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
84%
of spending
Looks good: 84% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$2.5M
to officers and key staff · 3% of spending
Looks good: pay to officers and key staff is 3% of spending; 15% or less.
Pt VII · Sec A
<1 mo
of spending, in cash
Plus $78.3M in investments, Pt X · Ln 11–13
Fine: 0.4 months of spending in cash, plus $78.3M in investments.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $20K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$23.4M
12% of total assets
Looks good: liabilities are 12% of assets; 50% or less.
Pt X · Ln 26
Independent board members
23
of 23 voting members
Looks good: 23 of 23 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$78.5M
-8% vs prior year
Spent
$75.0M
To programs
84%
Net assets
$170.1M
By yearFY2020–FY2025
Revenue
$78.5M
FY2024▼ -8%
Tap a bar for its year
Revenue by fiscal year
FY2020$78.9M
FY2021$74.4M
FY2022$70.2M
FY2023$85.3M
FY2024$78.5M
FY2025$84.2M
Expenses
$75.0M
FY2024▲ +4%
Tap a bar for its year
Expenses by fiscal year
FY2020$53.8M
FY2021$62.1M
FY2022$68.1M
FY2023$71.8M
FY2024$75.0M
FY2025$77.1M
Net assets
$170.1M
FY2024▲ +6%
Tap a bar for its year
Net assets by fiscal year
FY2020$130.4M
FY2021$142.8M
FY2022$145.0M
FY2023$161.0M
FY2024$170.1M
FY2025$183.1M

From the FY2024 Form 990 (year ending June 2024) · 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 Aug 1955.

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

Where the money goes

84 cents of each dollar spent went to programs.

Program services 84% · $62.7M Management & general 14% · $10.3M Fundraising 3% · $2.0M

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

31 people listed on the 990; $2.5M 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
$809,468Pt VII · Sec A
Chief Advancement Officer
$302,981Pt VII · Sec A
Associate Head of School
$275,893Pt VII · Sec A
Dir. of Language Arts and Instr.
$267,553Pt VII · Sec A
Director of the Windward Institute
$239,826Pt VII · Sec A
Campus Head
$226,327Pt VII · Sec A
CFO (until 7/31/2023)
$196,311Pt VII · Sec A
CFO (start 7/5/2023)
$160,866Pt VII · Sec A

Jamie Williamson’s $836K as Head of School is at the 98th 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
John Russell————$648,008$901,167
Jamie Williamson$835,890$809,468$731,889$710,723$640,545$338,608
Stephen Littell—$196,311$50,955$198,282$381,476$360,790
Beth Zamerski$335,337$160,866————
Lucy Godman$335,302$302,981————
Lisa Murray$313,011—————
Jon Rosenshine$309,792$275,893$259,260———
Sandra Schwarz———$283,183$277,357$264,416

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 The Windward School 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 students with dyslexia and language-based learning disabilities to return them to mainstream schools, while providing professional development and advocacy for educators and families.

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2 programs · $62.7M · in their own filed words · FY2023
01

Education

On three campuses, windward educated 960 students who all struggle with language-based learning disabilities (LBLD). Students have average to above-average intelligence and are taught with an internationally recognized methodology designed specifically to help students achieve language proficiency.

$60.2Mprogram expense
02

The windward institute (wi), is a division of and serves the windward school and the broader community by: providing professional development; forming partnerships with leading education institutions; advocating for students with language-based learning disabilities; and expanding the windward school's reputation and expertise.

$2.5Mprogram 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$20K
Grants paid · 5 grants · $39.5M · 2019–2024
Unitemized GrantFY2024$9,434,362
Unitemized GrantFY2023$8,568,071
Unitemized GrantFY2021$7,758,650
Unitemized GrantFY2020$7,414,155
Unitemized GrantFY2019$6,368,779

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$78.5M
Ln 12
Fees for servicesLn 2g$70.0M
Gifts and grantsLn 1h$5.4M
Investment incomeLn 3$2.1M
Money outPt IX
$75.0M
Ln 25
Programscol B$62.7M
Managementcol C$10.3M
Fundraisingcol D$2.0M
Owns and owesPt X
$170.1M
net assets · Ln 32
Cash and savingsLn 1–2$2.6M
Total assetsLn 16$193.5M
LiabilitiesLn 26$23.4M
PeoplePt VI, VII
31
listed · VII A
PaidVII A8
Voting boardVI 1a23
IndependentVI 1b23
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$5.4M
Noncash giftsLn 1g$416K
Fundraising eventsLn 1c$137K
Fees for servicesLn 2g$70.0M
Investment incomeLn 3$2.1M
Other incomeLn 4–11$1.0M
Gains on assetsLn 7$161K
Total revenueLn 12$78.5M
Assets in detailPt X, end of year
CashLn 1$2.0M
SavingsLn 2$547K
Cash and savings togetherLn 1–2$2.6M
Pledges and grants receivableLn 3$1000K
Accounts receivableLn 4$3.1M
Prepaid expenses and deferred chargesLn 9$766K
Land, buildings, equipmentLn 10c$99.1M
InvestmentsLn 11–13$78.3M
Other assetsLn 15$8.6M
Total assetsLn 16$193.5M
LiabilitiesLn 26$23.4M
Net assetsLn 32$170.1M
OperationsPt I, VI
EmployeesI 5463
VolunteersI 6100
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3More from this return
Abroad and in kindSch F, M
Noncash gifts receivedSch M Pt I$416K
Investment feesPt IX, Sch D
Investment fees, as reportedPt IX 11f$306K
Share of the $53.6M endowmentSch D 1g0.57%
Typical, median of 1,806 orgs0.44%
EndowmentSch D · Pt V
LineFY24FY23FY22FY21FY20
End of yearLn 1g$53.6M$47.7M$12.7M$14.2M$8.2M
Given inLn 1b$212K$31.6M$356K$3.0M$660K
SpentLn 1d–1f$602K$553K$444K$363K$347K
4Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$3.3M$2.6M
InvestmentsLn 11–13$78.4M$78.3M
Land, buildings, equipmentLn 10c$101.8M$99.1M
Total assetsLn 16$195.9M$193.5M
LiabilitiesLn 26$34.9M$23.4M
Net assetsLn 32$161.0M$170.1M
5Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$8.6M$8.6M
Pay of current officers, directors and key staffLn 5$1.3M$1.1M$174K$43K
Other salaries and wagesLn 7$36.2M$30.3M$4.7M$1.2M
Pension plan contributionsLn 8$2.7M$2.3M$365K$86K
Other employee benefitsLn 9$5.8M$4.9M$775K$182K
Payroll taxesLn 10$2.7M$2.3M$361K$85K
Legal feesLn 11b$136K$136K
Accounting feesLn 11c$81K$81K
Investment management feesLn 11f$306K$306K
Other fees for servicesLn 11g$2.9M$1.3M$1.5M$96K
Advertising and promotionLn 12$115K$113K$2K
Office expensesLn 13$3.2M$2.3M$672K$223K
Information technologyLn 14$206K$14K$192K
OccupancyLn 16$1.7M$1.6M$43K$10K
TravelLn 17$58K$3K$54K$2K
Conferences, conventions and meetingsLn 19$346K$225K$101K$20K
InterestLn 20$671K$593K$74K$4K
Depreciation, depletion and amortizationLn 22$4.2M$4.1M$96K$24K
InsuranceLn 23$435K$435K
Other expenses (24a–d)Ln 24$3.2M$3.0M$191K$30K
All other expensesLn 24e$0$0$0$0
Total functional expensesLn 25$75.0M$62.7M$10.3M$2.0M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled with the IRS May 15, 2026 $84.2M$77.1M$7.1M$183.1M 990 PDF
FY2024 ViewingFiled with the IRS May 15, 2025 $78.5M$75.0M$3.5M$170.1M 990 PDF
FY2023Filed with the IRS May 15, 2024 $85.3M$71.8M$13.5M$161.0M 990 PDF
FY2022Filed with the IRS May 12, 2023 $70.2M$68.1M$2.2M$145.0M 990 PDF
FY2021Filed with the IRS May 11, 2022 $74.4M$62.1M$12.3M$142.8M 990 PDF
FY2020Filed with the IRS May 8, 2021 $78.9M$53.8M$25.0M$130.4M 990 PDF

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 FY2024 990 (6 parts)
Part I · Summary $78,467,406 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $5,124,627$5,434,595
I-9 Program service revenuePrior year $68,635,093$69,960,579
I-10 Investment incomePrior year $2,778,113$2,061,893
I-11 Other revenuePrior year $8,748,815$1,010,339
I-12 Total revenuePrior year $85,286,648$78,467,406
I-13 Grants and similar amounts paidPrior year $8,594,911$8,568,071
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $46,311,229$48,803,516
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $16,873,407$17,636,444
I-18 Total expensesPrior year $71,779,547$75,008,031
I-19 Revenue less expensesPrior year $13,507,101$3,459,375
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 $78,467,406 across 11 lines filed
Lines not itemized here account for $59,290 of total revenue; see the IRS return.
VIII-1c Fundraising events$137,164
VIII-1f All other contributions, gifts and grants$5,297,431
VIII-1g Noncash contributions (included above)$415,947
VIII-1h Total contributions, gifts and grants$5,434,595
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $69,960,579$69,960,579
VIII-3 Investment incomeExcluded from tax $1,900,651$1,900,651
VIII-6 Net rental income or lossExcluded from tax $39,200$39,200
VIII-7 Net gain or loss on sales of assetsExcluded from tax $161,242$161,242
VIII-8 Net income from fundraising eventsExcluded from tax $483,598$483,598
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $428,251$428,251
VIII-12 Total revenueRelated to mission $69,960,579 · Unrelated business $0 · Excluded from tax $3,072,232$78,467,406
Part IX · Statement of functional expenses $75,008,031 across 21 lines filed
IX-2 Grants to domestic individualsPrograms $8,568,071$8,568,071
IX-5 Pay of current officers, directors and key staffPrograms $1,112,361 · Management $174,462 · Fundraising $42,880$1,329,703
IX-7 Other salaries and wagesPrograms $30,317,402 · Management $4,744,470 · Fundraising $1,172,194$36,234,066
IX-8 Pension plan contributionsPrograms $2,280,944 · Management $364,504 · Fundraising $85,670$2,731,118
IX-9 Other employee benefitsPrograms $4,850,104 · Management $775,066 · Fundraising $182,164$5,807,334
IX-10 Payroll taxesPrograms $2,256,037 · Management $360,524 · Fundraising $84,734$2,701,295
IX-11b Legal feesManagement $136,331$136,331
IX-11c Accounting feesManagement $81,404$81,404
IX-11f Investment management feesManagement $306,182$306,182
IX-11g Other fees for servicesPrograms $1,321,771 · Management $1,524,592 · Fundraising $95,616$2,941,979
IX-12 Advertising and promotionPrograms $113,152 · Management $1,816$114,968
IX-13 Office expensesPrograms $2,333,483 · Management $671,598 · Fundraising $222,705$3,227,786
IX-14 Information technologyPrograms $13,799 · Management $192,126$205,925
IX-16 OccupancyPrograms $1,647,558 · Management $43,205 · Fundraising $9,813$1,700,576
IX-17 TravelPrograms $2,592 · Management $53,749 · Fundraising $1,817$58,158
IX-19 Conferences, conventions and meetingsPrograms $224,773 · Management $101,234 · Fundraising $19,506$345,513
IX-20 InterestPrograms $592,748 · Management $74,271 · Fundraising $3,532$670,551
IX-22 Depreciation, depletion and amortizationPrograms $4,093,580 · Management $96,000 · Fundraising $24,332$4,213,912
IX-23 InsuranceManagement $434,973$434,973
IX-24 Other expenses (24a–d)Programs $2,977,486 · Management $190,700 · Fundraising $30,000$3,198,186
IX-24e All other expensesPrograms $0 · Management $0 · Fundraising $0$0
IX-25 Total functional expensesPrograms $62,705,861 · Management $10,327,207 · Fundraising $1,974,963$75,008,031
Part X · Balance sheet $193,473,529 assets, 22 lines filed
X-1 Cash, non-interest-bearingStart of year $2,527,266$2,026,210
X-2 Savings and temporary cash investmentsStart of year $730,682$547,254
X-3 Pledges and grants receivableStart of year $1,257,176$999,935
X-4 Accounts receivableStart of year $2,060,831$3,131,114
X-5 Loans to officers and key peopleStart of year $0$0
X-6 Loans to other insidersStart of year $0$0
X-9 Prepaid expenses and deferred chargesStart of year $569,094$766,069
X-10c Land, buildings and equipment, netStart of year $101,761,229$99,125,009
X-11 Publicly traded securitiesStart of year $56,819,560$55,205,734
X-12 Other securitiesStart of year $21,602,564$23,079,983
X-15 Other assetsStart of year $8,592,221$8,592,221
X-16 Total assetsStart of year $195,920,623$193,473,529
X-17 Accounts payable and accrued expensesStart of year $5,280,523$5,973,216
X-19 Deferred revenueStart of year $17,757,273$9,988,199
X-22 Loans from officers and insidersStart of year $0$0
X-23 Secured mortgages and notes payableStart of year $11,904,488$7,390,762
X-25 Other liabilitiesStart of year $0$0
X-26 Total liabilitiesStart of year $34,942,284$23,352,177
X-27 Net assets without donor restrictionsStart of year $144,515,043$151,029,688
X-28 Net assets with donor restrictionsStart of year $16,463,296$19,091,664
X-32 Total net assets or fund balancesStart of year $160,978,339$170,121,352
X-33 Total liabilities and net assetsStart of year $195,920,623$193,473,529
Part XI · Reconciliation of net assets $170,121,352 net assets at year end
XI-1 Total revenue$78,467,406
XI-2 Total expenses$75,008,031
XI-3 Revenue less expenses$3,459,375
XI-4 Net assets at start of year$160,978,339
XI-5 Net unrealized gains (losses) on investments$5,683,638
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$170,121,352

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

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