Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Mar 1943.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
88 cents of each dollar spent went to programs.
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
32 people listed on the 990; $2.1M paid to officers and key staff.
Dr Thomas J Locke’s $770K as Head of School is at the 97th 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
| Name | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Dr Thomas J Locke | $769,596 | $663,878 | $708,417 | $866,159 | $741,446 | $458,493 |
| Christopher Torino | $340,186 | $307,424 | $227,011 | — | — | — |
| Lawrence Capuzzi | $337,835 | $319,233 | $300,064 | $272,598 | $253,438 | $250,246 |
| Paul Sanders | — | — | — | — | $267,212 | $253,987 |
| Jennifer Fifer | $260,215 | $265,911 | $244,746 | $230,075 | $226,393 | $214,038 |
| Michael Letts | $211,699 | $205,102 | $197,102 | $181,088 | $169,797 | $160,595 |
| Laurie Piette | $211,617 | — | — | — | — | — |
| Mark Notaro | $210,576 | $201,275 | $199,421 | $185,481 | $156,083 | $152,466 |
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 children from preschool through high school in a co-educational setting.
Questions for Episcopal Academy
Your first name shows with your question. Episcopal Academy answers here, for everyone.
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The episcopal academy is an independent, co-educational day school located in newtown square, pennsylvania. Its curriculum is college preparatory and includes grades pre-kindergarten through twelve. The enrollment at the academy is 1,290 students. The school participates in community service work that exemplifies the school's mission.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2022 990, line by line.
Download 990
| Line | Start FY22 | End FY22 |
|---|---|---|
| Cash and savingsLn 1–2 | $15.3M | $17.3M |
| InvestmentsLn 11–13 | $102.3M | $96.6M |
| Land, buildings, equipmentLn 10c | $160.2M | $155.5M |
| Total assetsLn 16 | $290.7M | $285.9M |
| LiabilitiesLn 26 | $23.5M | $23.9M |
| Net assetsLn 32 | $267.2M | $262.0M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic individualsLn 2 | $8.9M | $8.9M | ||
| Grants and assistance to foreign recipientsLn 3 | $69K | $69K | ||
| Pay of current officers, directors and key staffLn 5 | $1.1M | $743K | $330K | $6K |
| Other salaries and wagesLn 7 | $24.5M | $21.4M | $2.1M | $1.0M |
| Pension plan contributionsLn 8 | $1.5M | $1.3M | $113K | $62K |
| Other employee benefitsLn 9 | $2.0M | $1.8M | $163K | $82K |
| Payroll taxesLn 10 | $1.8M | $1.6M | $158K | $74K |
| Legal feesLn 11b | $74K | $55K | $5K | $13K |
| Accounting feesLn 11c | $51K | $39K | $4K | $9K |
| Investment management feesLn 11f | $65K | $65K | ||
| Other fees for servicesLn 11g | $1.4M | $1.2M | $122K | $57K |
| Advertising and promotionLn 12 | $122K | $54K | $3K | $65K |
| Office expensesLn 13 | $1.3M | $1.3M | $21K | $28K |
| Information technologyLn 14 | $631K | $555K | $52K | $24K |
| OccupancyLn 16 | $3.7M | $3.3M | $327K | $153K |
| TravelLn 17 | $969K | $956K | $1K | $12K |
| InterestLn 20 | $282K | $246K | $25K | $12K |
| Depreciation, depletion and amortizationLn 22 | $5.6M | $4.9M | $494K | $231K |
| InsuranceLn 23 | $249K | $217K | $22K | $10K |
| Other expenses (24a–d)Ln 24 | $2.6M | $1.6M | $234 | $1.0M |
| All other expensesLn 24e | $528K | $484K | $17K | $28K |
| Total functional expensesLn 25 | $57.5M | $50.5M | $4.1M | $2.9M |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 Latest | $81.1M | $63.8M | $17.3M | $318.3M | 990 PDF |
| FY2024 | $74.8M | $60.9M | $13.9M | $295.3M | 990 PDF |
| FY2023 | $70.7M | $57.5M | $13.1M | $278.9M | 990 PDF |
| FY2022 Viewing | $65.5M | $57.5M | $8.0M | $262.0M | 990 PDF |
| FY2021 | $56.5M | $52.8M | $3.8M | $267.2M | 990 PDF |
| FY2020 | $57.4M | $53.0M | $4.4M | $246.0M | 990 PDF |
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Schedules filed Part IV
See the full FY2022 990 (6 parts)
Part I · Summary $65,492,381 revenue, 12 lines filed
Part VI · Governance 25 of 25 board members independent, no flags
Part VIII · Statement of revenue $65,492,381 across 14 lines filed
Part IX · Statement of functional expenses $57,477,386 across 21 lines filed
Part X · Balance sheet $285,908,230 assets, 20 lines filed
Part XI · Reconciliation of net assets $262,047,219 net assets at year end
Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File
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