Blair Academy FY2023 filing

Tax-deductible

Blairstown, NJ501(c)(3)Since 1848EducationEIN 22-1500475Revenue $49.0M in FY2023

On file with the IRSblair.edu2 Park St, 07825-2515 · Blairstown, NJTax-exempt since May 1929School — 170(b)(1)(A)(ii)

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Blair Academy is a coeducational boarding school located 65 miles west of new york city in the foothills of the pocono mountains. In its 176th year, Blair continues to offer a superior academic college-preparatory program while holding firmly to its tradition of being a community fully focused on the development of each individual student. In this environment, students learn to advocate for themselves, become service-minded, and develop the leadership skills necessary for success in college and beyond.

501(c)(3) charity; gifts are tax-deductible.
83¢ of each $1 spent went to programs.
$1.7M 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

FY2023 · 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
5 of 5
filings with a surplus
Average surplus $9.2M a year · 18% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
83%
of spending
Looks good: 83% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$1.7M
to officers and key staff · 4% of spending
Looks good: pay to officers and key staff is 4% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
2 mo
of spending, in cash
Fine: 2.1 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $2K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$29.2M
11% of total assets
Looks good: liabilities are 11% of assets; 50% or less.
Pt X · Ln 26
Independent board members
30
of 30 voting members
Looks good: 30 of 30 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$49.0M
-10% vs prior year
Spent
$42.2M
To programs
83%
Net assets
$236.8M
By yearFY2021–FY2025
Revenue
$49.0M
FY2023▼ -10%
Tap a bar for its year
Revenue by fiscal year
FY2021$43.6M
FY2022$54.3M
FY2023$49.0M
FY2024$55.5M
FY2025$55.5M
Expenses
$42.2M
FY2023▲ +8%
Tap a bar for its year
Expenses by fiscal year
FY2021$38.8M
FY2022$39.1M
FY2023$42.2M
FY2024$44.4M
FY2025$47.4M
Net assets
$236.8M
FY2023▲ +5%
Tap a bar for its year
Net assets by fiscal year
FY2021$228.1M
FY2022$225.5M
FY2023$236.8M
FY2024$262.6M
FY2025$280.0M

From the FY2023 Form 990 (year ending June 2023) · figures checked against the IRS filing · see the original

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You’re viewing the FY2023 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 May 1929.

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

Where the money goes

83 cents of each dollar spent went to programs.

Program services 83% · $34.9M Management & general 9% · $3.7M Fundraising 9% · $3.7M

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

37 people listed on the 990; $1.7M paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
Head of School
$370,000Pt VII · Sec A
Asst. Treasurer and Asst.
$364,140Pt VII · Sec A
Advancement
$305,580Pt VII · Sec A
Administration
$199,000Pt VII · Sec A
Advancement
$151,491Pt VII · Sec A
Admissions
$142,063Pt VII · Sec A
$141,425Pt VII · Sec A
$0Pt VII · Sec A

Peter Curran’s $535K as Head of School is at the 91st 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

NameFY2025FY2024FY2023FY2022FY2021
Peter Curran$535,000$390,000$370,000$335,000$195,000
Christopher Fortunato———$202,500$521,508
James a Frick$405,507$418,705$364,140$345,000$333,000
Craig Hall$328,801$356,963$305,580$290,000$281,000
Ryan Pagotto$216,130$207,956$199,000$184,000$173,000
Edward Wenner$163,500—$142,063——
Nicole Johnson$162,360$161,500—$137,363—
Cara Mohlmann$162,359$157,514$151,491$144,278$142,960

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

Educates talented, diverse students for college and responsible, service-oriented lives.

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Provided by the organization

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1 program · $34.9M · in their own filed words · FY2022
01

Blair academy serves 465 students from 29 countries and 26 different states. Blair offers a rich and challenging curriculum, world class programs for athletes and artists of all abilities and an array of meaningful leadership, travel, and service opportunities.

$34.9Mprogram 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$2K
Grants paid · 5 grants · $35.8M · 2020–2024
Unitemized GrantFY2024$8,047,846
Unitemized GrantFY2023$7,582,674
Unitemized GrantFY2022$6,828,648
Unitemized GrantFY2021$6,626,983
Unitemized GrantFY2020$6,697,065

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$49.0M
Ln 12
Fees for servicesLn 2g$32.9M
Gifts and grantsLn 1h$10.1M
Investment incomeLn 3$5.7M
Money outPt IX
$42.2M
Ln 25
Programscol B$34.9M
Managementcol C$3.7M
Fundraisingcol D$3.7M
Owns and owesPt X
$236.8M
net assets · Ln 32
Cash and savingsLn 1–2$7.2M
Total assetsLn 16$266.0M
LiabilitiesLn 26$29.2M
PeoplePt VI, VII
37
listed · VII A
PaidVII A7
Voting boardVI 1a30
IndependentVI 1b30
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$10.1M
Noncash giftsLn 1g$1.6M
Fees for servicesLn 2g$32.9M
Investment incomeLn 3$5.7M
Other incomeLn 4–11$324K
Gains on assetsLn 7$2.7M
Total revenueLn 12$49.0M
Assets in detailPt X, end of year
CashLn 1$3.2M
SavingsLn 2$4.0M
Cash and savings togetherLn 1–2$7.2M
InvestmentsLn 11–13$149.5M
Land, buildings, equipmentLn 10c$90.6M
Other assetsLn 15$2.9M
Total assetsLn 16$266.0M
LiabilitiesLn 26$29.2M
Net assetsLn 32$236.8M
OperationsPt I, VI
EmployeesI 5242
VolunteersI 627
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 FY23End FY23
Cash and savingsLn 1–2$11.3M$7.2M
InvestmentsLn 11–13$134.4M$149.5M
Land, buildings, equipmentLn 10c$90.8M$90.6M
Total assetsLn 16$256.1M$266.0M
LiabilitiesLn 26$30.6M$29.2M
Net assetsLn 32$225.5M$236.8M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$6.8M$6.8M
Pay of current officers, directors and key staffLn 5$875K$875K
Other salaries and wagesLn 7$12.5M$10.0M$1.4M$1.1M
Pension plan contributionsLn 8$982K$773K$128K$80K
Other employee benefitsLn 9$4.0M$3.0M$691K$312K
Payroll taxesLn 10$933K$705K$148K$79K
Legal feesLn 11b$56K$56K
Accounting feesLn 11c$49K$49K
Office expensesLn 13$4.2M$3.1M$47K$1.0M
OccupancyLn 16$2.9M$2.9M
TravelLn 17$341K$148K$193K
InterestLn 20$365K$365K
Depreciation, depletion and amortizationLn 22$3.8M$3.8M
InsuranceLn 23$594K$594K
Other expenses (24a–d)Ln 24$2.8M$2.7M$112K
All other expensesLn 24e$966K$11K$239K$716K
Total functional expensesLn 25$42.2M$34.9M$3.7M$3.7M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $55.5M$47.4M$8.1M$280.0M 990 PDF
FY2024 $55.5M$44.4M$11.1M$262.6M 990 PDF
FY2023 Viewing $49.0M$42.2M$6.9M$236.8M 990 PDF
FY2022 $54.3M$39.1M$15.3M$225.5M 990 PDF
FY2021 $43.6M$38.8M$4.8M$228.1M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2023 990 (6 parts)
Part I · Summary $49,037,188 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $15,884,613$10,057,397
I-9 Program service revenuePrior year $31,930,230$32,928,480
I-10 Investment incomePrior year $6,244,315$5,727,503
I-11 Other revenuePrior year $257,176$323,808
I-12 Total revenuePrior year $54,316,334$49,037,188
I-13 Grants and similar amounts paidPrior year $6,626,983$6,828,648
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $17,598,911$19,290,376
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $14,826,096$16,047,612
I-18 Total expensesPrior year $39,051,990$42,166,636
I-19 Revenue less expensesPrior year $15,264,344$6,870,552
Part VI · Governance 30 of 30 board members independent, 1 to look at
VI-1a Voting members of the governing body30
VI-1b Independent voting members30
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 $49,037,188 across 9 lines filed
Lines not itemized here account for $50,850 of total revenue; see the IRS return.
VIII-1f All other contributions, gifts and grants$10,057,397
VIII-1g Noncash contributions (included above)$1,641,878
VIII-1h Total contributions, gifts and grants$10,057,397
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $32,928,480$32,928,480
VIII-3 Investment incomeUnrelated business $19,927 · Excluded from tax $3,004,082$3,024,009
VIII-6 Net rental income or lossUnrelated business $72,815$72,815
VIII-7 Net gain or loss on sales of assetsExcluded from tax $2,703,494$2,703,494
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Unrelated business $200,143$200,143
VIII-12 Total revenueRelated to mission $32,979,330 · Unrelated business $292,885 · Excluded from tax $5,707,576$49,037,188
Part IX · Statement of functional expenses $42,166,636 across 16 lines filed
IX-2 Grants to domestic individualsPrograms $6,828,648$6,828,648
IX-5 Pay of current officers, directors and key staffManagement $874,565$874,565
IX-7 Other salaries and wagesPrograms $9,996,817 · Management $1,376,987 · Fundraising $1,120,169$12,493,973
IX-8 Pension plan contributionsPrograms $773,476 · Management $127,931 · Fundraising $80,303$981,710
IX-9 Other employee benefitsPrograms $3,004,368 · Management $691,150 · Fundraising $311,914$4,007,432
IX-10 Payroll taxesPrograms $705,280 · Management $148,387 · Fundraising $79,029$932,696
IX-11b Legal feesPrograms $55,699$55,699
IX-11c Accounting feesPrograms $48,600$48,600
IX-13 Office expensesPrograms $3,083,051 · Management $46,841 · Fundraising $1,039,475$4,169,367
IX-16 OccupancyPrograms $2,923,110$2,923,110
IX-17 TravelManagement $148,252 · Fundraising $192,917$341,169
IX-20 InterestPrograms $365,161$365,161
IX-22 Depreciation, depletion and amortizationPrograms $3,812,567$3,812,567
IX-23 InsurancePrograms $594,266$594,266
IX-24 Other expenses (24a–d)Programs $2,659,705 · Fundraising $112,400$2,772,105
IX-24e All other expensesPrograms $10,543 · Management $239,165 · Fundraising $715,860$965,568
IX-25 Total functional expensesPrograms $34,861,291 · Management $3,653,278 · Fundraising $3,652,067$42,166,636
Part X · Balance sheet $265,957,502 assets, 20 lines filed
X-1 Cash, non-interest-bearingStart of year $7,699,031$3,246,674
X-2 Savings and temporary cash investmentsStart of year $3,648,306$3,958,014
X-3 Pledges and grants receivableStart of year $15,413,443$14,515,433
X-4 Accounts receivableStart of year $94,466$53,994
X-8 Inventories for sale or useStart of year $293,504$201,250
X-9 Prepaid expenses and deferred chargesStart of year $856,523$938,444
X-10c Land, buildings and equipment, netStart of year $90,829,004$90,645,158
X-11 Publicly traded securitiesStart of year $78,561,460$97,392,290
X-12 Other securitiesStart of year $55,883,461$52,089,674
X-15 Other assetsStart of year $2,795,949$2,916,571
X-16 Total assetsStart of year $256,075,147$265,957,502
X-17 Accounts payable and accrued expensesStart of year $1,994,671$1,365,780
X-19 Deferred revenueStart of year $5,042,307$5,060,457
X-24 Unsecured notes and loans payableStart of year $23,291,904$22,492,389
X-25 Other liabilitiesStart of year $239,770$231,480
X-26 Total liabilitiesStart of year $30,568,652$29,150,106
X-27 Net assets without donor restrictionsStart of year $123,429,147$125,697,111
X-28 Net assets with donor restrictionsStart of year $102,077,348$111,110,285
X-32 Total net assets or fund balancesStart of year $225,506,495$236,807,396
X-33 Total liabilities and net assetsStart of year $256,075,147$265,957,502
Part XI · Reconciliation of net assets $236,807,396 net assets at year end
XI-1 Total revenue$49,037,188
XI-2 Total expenses$42,166,636
XI-3 Revenue less expenses$6,870,552
XI-4 Net assets at start of year$225,506,495
XI-5 Net unrealized gains (losses) on investments$4,309,727
XI-9 Other changes in net assets$120,622
XI-10 Net assets at end of year$236,807,396

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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