Status and standing
Is it real, and can you give to it?
Where the money goes
What each dollar paid for.
Statement of Functional Expenses
Financial health
Is it on solid ground?
Summary of the Filing
| FY2020 | $110.1M |
|---|---|
| FY2021 | $129.3M |
| FY2022 | $120.9M |
| FY2023 | $128.8M |
| FY2024 | $134.5M |
| FY2024 | $140.3M |
| FY2020 | $17.9M |
|---|---|
| FY2021 | $13.4M |
| FY2022 | $13.0M |
| FY2023 | $17.3M |
| FY2024 | $17.4M |
| FY2024 | $15.7M |
Balance Sheet
Statement of Revenue
Financial Metrics
Same NTEE category, revenue band, and state where available. Descriptive — not a grade.
| Metric | This org | Peer median | Percentile |
|---|---|---|---|
| Program ratio | 76% | — | — |
| Overhead ratio | 19% | — | — |
| Fundraising cost ratio | 16% | — | — |
| Investment management fee ratio | 0.10% | — | — |
| Legal fee ratio | 0.2% | — | — |
| Accounting fee ratio | 0.4% | — | — |
| Fundraising fee ratio | 0.9% | — | — |
Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.
Leadership and pay
Who runs it, and what are they paid?
Officers, Directors & Key Employees
Andrew Holmgren’s $533K as Headmaster 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
| Name | FY2024 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Andrew Holmgren | $533,391 | $527,793 | $523,675 | $489,623 | $443,827 | $469,840 |
| Thomas S Travers JR | $242,508 | $239,353 | $227,586 | $182,829 | $164,829 | $147,479 |
| Denise D Fiorucci | $172,671 | $165,956 | $169,841 | $154,538 | $151,301 | $152,632 |
| Sarah Crowley | $168,489 | $162,996 | $149,829 | — | — | — |
| Frederick M Buck | $149,262 | $141,279 | — | — | — | — |
| Elizabeth Martin | $147,893 | $148,868 | $141,363 | $138,098 | $133,674 | $129,369 |
| Sarah Walton | — | — | $145,684 | $136,347 | $128,246 | $124,977 |
| F Matthew Buck | — | — | — | $141,483 | $136,582 | $130,868 |
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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Governance & Policies
- 17Voting board membersPt VI · Ln 1a
- 16Independent board membersPt VI · Ln 1b
- Conflict-of-interest policyPt VI · Ln 12aYes
- Whistleblower policyPt VI · Ln 13Yes
- Document retention policyPt VI · Ln 14Yes
- Top official’s pay independently reviewedPt VI · Ln 15aYes
- Family or business ties among leadersPt VI · Ln 2No
Mission and programs
What it does.
Educates boys and girls with a rigorous curriculum, fostering essential skills and lifelong learning.
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Where the work happens
Calvert school is a coeducational institution providing instruction to students beginning with preschool and continuing on through elementary and middle school grades.
After school care, summer camps and school clubs.
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Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
Filing history
Every return on file.
| Year | Revenue | Expenses | Change | Filing |
|---|---|---|---|---|
| FY2024 | $32.5M | $26.1M | +23% | 990 PDF |
| FY2023 | $26.3M | $24.9M | -13% | 990 PDF |
| FY2022 | $30.1M | $29.0M | +29% | 990 PDF |
| FY2021 | $23.3M | $21.4M | -8% | 990 PDF |
| FY2020 Viewing | $25.2M | $20.5M | 990 PDF |
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Schedules filed Part IV
Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.
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Sources
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