Ashley Hall Foundation: FY2023 Nonprofit Profile & Form 990 (EIN 57-0314364)

Revenue by fiscal year
FY2020	$19.8M
FY2021	$19.0M
FY2022	$21.1M
FY2023	$27.1M
FY2024	$24.3M
FY2025	$31.5M

Expenses by fiscal year
FY2020	$19.9M
FY2021	$19.6M
FY2022	$22.5M
FY2023	$24.2M
FY2024	$26.1M
FY2025	$26.7M

Net assets by fiscal year
FY2020	$25.5M
FY2021	$26.3M
FY2022	$23.5M
FY2023	$28.7M
FY2024	$27.3M
FY2025	$33.0M

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Oct 1950.

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

Where the money goes

74 cents of each dollar spent went to programs.

74%

21%

Program services 74% · $18.0M Management & general 21% · $5.2M Fundraising 4% · $1.0M

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

23 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

Jill S Muti

Head of School

$550,897Pt VII · Sec A

Anne Weston

Assistant Head of School

$327,559Pt VII · Sec A

Matthew D Semo

CFO

$180,363Pt VII · Sec A

Sara Stephenson

Director of Strategic Enrollment

$140,159Pt VII · Sec A

Edward Dougherty

Director of Innovation

$133,675Pt VII · Sec A

Polly Kronsberg

Director of Lower School

$125,345Pt VII · Sec A

Amanda Murrell

Director of Lower School

$117,741Pt VII · Sec A

Mary Schweers

Director of the Intermediate and Nautilus Programs

$113,124Pt VII · Sec A

Anne Weston’s $442K as Head of School is at the 84th 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
Jill S Muti	—	—	$550,897	$472,835	$459,180	$460,309
Anne Weston	$441,590	$434,750	$327,559	$169,305	$169,352	$170,642
Palmer Ball	$238,721	$84,915	—	—	—	—
Mark D Semo	—	—	—	—	—	$226,129
Matthew D Semo	—	—	$180,363	$164,404	$137,500	—
Naa-Adei Kotey	$163,679	$157,254	—	—	—	—
Cintra Horn	$155,469	$154,769	—	—	—	—
Sara Stephenson	—	$150,944	$140,159	—	—	—

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 Ashley Hall Foundation executive salaries →

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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 girls K-12 and co-ed preschoolers in a private school setting.

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Provided by the organization

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1 program · $18.0M · in their own filed words · FY2022

01

Education provided to kindergarten through 12TH grade students, after school and summer programs for the students as well as early childhood programs for younger children. Ashley hall's curricula, instructional methods, co-curricular programs, and facilities are designed to foster the minds and characters of all students at every stage…

$18.0Mprogram 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 · FY2024

Guffey Family FoundationFY2024$1.1M

Coastal Community Foundation of South Carolina INCFY2024$1.1M

Beemok Family FoundationFY2024$1.0M

Morgan Stanley Global Impact Funding Trust INCFY2024$500K

Ethel Mae Hocker FoundationFY2024$133K

National Philanthropic TrustFY2024$91K

Elhapa Foundation INCFY2024$70K

Fidelity Investments Charitable Gift FundFY2024$41K

Total grants receivedfrom 18 funders$4.2M

See all 18 funders →

Grants paid · 4 grants · $9.8M · 2021–2022

Unitemized GrantFY2022$2,391,170

Unitemized GrantFY2021$2,454,906

By the numbers

The FY2023 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$27.1M

Ln 12

Fees for servicesLn 2g$19.4M

Gifts and grantsLn 1h$7.3M

Investment incomeLn 3$260K

Money outPt IX

$24.2M

Ln 25

Programscol B$18.0M

Managementcol C$5.2M

Fundraisingcol D$1.0M

Owns and owesPt X

$28.7M

net assets · Ln 32

Cash and savingsLn 1–2$4.7M

Total assetsLn 16$55.3M

LiabilitiesLn 26$26.6M

PeoplePt VI, VII

23

listed · VII A

PaidVII A8

Voting boardVI 1a15

IndependentVI 1b15

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$7.3M

Government grantsLn 1e$4.2M

Noncash giftsLn 1g$77K

Fees for servicesLn 2g$19.4M

Investment incomeLn 3$260K

Other incomeLn 4–11$76K

Gains on assetsLn 7−$266

Total revenueLn 12$27.1M

Assets in detailPt X, end of year

CashLn 1$253K

SavingsLn 2$4.4M

Cash and savings togetherLn 1–2$4.7M

InvestmentsLn 11–13$7.7M

Land, buildings, equipmentLn 10c$40.0M

Other assetsLn 15$2.2M

Total assetsLn 16$55.3M

LiabilitiesLn 26$26.6M

Net assetsLn 32$28.7M

OperationsPt I, VI

EmployeesI 5344

VolunteersI 6315

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 FY23	End FY23
Cash and savingsLn 1–2	$4.4M	$4.7M
InvestmentsLn 11–13	$8.1M	$7.7M
Land, buildings, equipmentLn 10c	$41.0M	$40.0M
Total assetsLn 16	$57.0M	$55.3M
LiabilitiesLn 26	$31.3M	$26.6M
Net assetsLn 32	$25.7M	$28.7M

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Grants to domestic individualsLn 2	$2.4M	$2.4M
Pay of current officers, directors and key staffLn 5	$590K	$197K	$197K	$197K
Other salaries and wagesLn 7	$11.1M	$7.1M	$3.7M	$390K
Pension plan contributionsLn 8	$485K	$301K	$160K	$24K
Other employee benefitsLn 9	$1.4M	$854K	$455K	$69K
Payroll taxesLn 10	$845K	$524K	$279K	$42K
Other fees for servicesLn 11g	$193K	$178K	$13K	$2K
Advertising and promotionLn 12	$258K			$258K
Information technologyLn 14	$460K	$428K	$28K	$5K
OccupancyLn 16	$1.1M	$1.0M	$65K	$11K
InterestLn 20	$655K	$609K	$39K	$7K
Depreciation, depletion and amortizationLn 22	$1.8M	$1.7M	$108K	$18K
InsuranceLn 23	$490K	$452K	$34K	$5K
Other expenses (24a–d)Ln 24	$2.0M	$1.9M	$80K	$13K
All other expensesLn 24e	$499K	$469K	$27K	$4K
Total functional expensesLn 25	$24.2M	$18.0M	$5.2M	$1.0M

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2025 Latest	$31.5M	$26.7M	$4.8M	$33.0M	990 PDF
FY2024	$24.3M	$26.1M	−$1.9M	$27.3M	990 PDF
FY2023 Viewing	$27.1M	$24.2M	$2.9M	$28.7M	990 PDF
FY2022	$21.1M	$22.5M	−$1.4M	$23.5M	990 PDF
FY2021	$19.0M	$19.6M	−$682K	$26.3M	990 PDF
FY2020	$19.8M	$19.9M	−$28K	$25.5M	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 $27,070,970 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $3,393,430$7,285,846

I-9 Program service revenuePrior year $18,328,705$19,449,534

I-10 Investment incomePrior year $455,326$259,803

I-11 Other revenuePrior year $45,296$75,787

I-12 Total revenuePrior year $22,222,757$27,070,970

I-13 Grants and similar amounts paidPrior year $2,454,906$2,391,170

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

I-15 Salaries and benefitsPrior year $13,819,235$14,431,900

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

I-17 Other expensesPrior year $6,228,023$7,394,411

I-18 Total expensesPrior year $22,502,164$24,217,481

I-19 Revenue less expensesPrior year −$279,407$2,853,489

Part VI · Governance 15 of 15 board members independent, no flags

VI-1a Voting members of the governing body15

VI-1b Independent voting members15

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 $27,070,970 across 9 lines filed

VIII-1e Government grants$4,208,777

VIII-1f All other contributions, gifts and grants$3,077,069

VIII-1g Noncash contributions (included above)$76,718

VIII-1h Total contributions, gifts and grants$7,285,846

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $19,449,534$19,449,534

VIII-3 Investment incomeExcluded from tax $260,069$260,069

VIII-7 Net gain or loss on sales of assetsRelated to mission −$266−$266

VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $75,787$75,787

VIII-12 Total revenueRelated to mission $19,525,055 · Unrelated business $0 · Excluded from tax $260,069$27,070,970

Part IX · Statement of functional expenses $24,217,481 across 15 lines filed

IX-2 Grants to domestic individualsPrograms $2,391,170$2,391,170

IX-5 Pay of current officers, directors and key staffPrograms $196,611 · Management $196,611 · Fundraising $196,611$589,833

IX-7 Other salaries and wagesPrograms $7,072,054 · Management $3,672,194 · Fundraising $389,572$11,133,820

IX-8 Pension plan contributionsPrograms $300,735 · Management $160,068 · Fundraising $24,253$485,056

IX-9 Other employee benefitsPrograms $854,317 · Management $454,717 · Fundraising $68,897$1,377,931

IX-10 Payroll taxesPrograms $524,061 · Management $278,936 · Fundraising $42,263$845,260

IX-11g Other fees for servicesPrograms $177,567 · Management $13,196 · Fundraising $1,909$192,672

IX-12 Advertising and promotionFundraising $258,374$258,374

IX-14 Information technologyPrograms $427,961 · Management $27,610 · Fundraising $4,602$460,173

IX-16 OccupancyPrograms $1,005,609 · Management $64,878 · Fundraising $10,813$1,081,300

IX-20 InterestPrograms $608,904 · Management $39,284 · Fundraising $6,547$654,735

IX-22 Depreciation, depletion and amortizationPrograms $1,680,851 · Management $108,442 · Fundraising $18,074$1,807,367

IX-23 InsurancePrograms $451,782 · Management $33,575 · Fundraising $4,858$490,215

IX-24 Other expenses (24a–d)Programs $1,857,507 · Management $80,297 · Fundraising $12,569$1,950,373

IX-24e All other expensesPrograms $468,714 · Management $26,634 · Fundraising $3,854$499,202

IX-25 Total functional expensesPrograms $18,017,843 · Management $5,156,442 · Fundraising $1,043,196$24,217,481

Part X · Balance sheet $55,255,558 assets, 18 lines filed

X-1 Cash, non-interest-bearingStart of year $251,879$253,307

X-2 Savings and temporary cash investmentsStart of year $4,177,092$4,414,307

X-3 Pledges and grants receivableStart of year $915,266$335,804

X-4 Accounts receivableStart of year $229,712$304,433

X-9 Prepaid expenses and deferred chargesStart of year $165,476$154,952

X-10c Land, buildings and equipment, netStart of year $41,009,322$39,973,995

X-11 Publicly traded securitiesStart of year $7,804,170$7,406,186

X-12 Other securitiesStart of year $250,000$250,000

X-15 Other assetsStart of year $2,162,574$2,162,574

X-16 Total assetsStart of year $56,965,491$55,255,558

X-17 Accounts payable and accrued expensesStart of year $1,814,703$909,707

X-19 Deferred revenueStart of year $6,952,988$8,017,351

X-20 Tax-exempt bond liabilitiesStart of year $18,184,446$17,542,446

X-26 Total liabilitiesStart of year $31,290,825$26,561,353

X-27 Net assets without donor restrictionsStart of year $18,056,160$19,963,384

X-28 Net assets with donor restrictionsStart of year $7,618,506$8,730,821

X-32 Total net assets or fund balancesStart of year $25,674,666$28,694,205

X-33 Total liabilities and net assetsStart of year $56,965,491$55,255,558

Part XI · Reconciliation of net assets $28,694,205 net assets at year end

XI-1 Total revenue$27,070,970

XI-2 Total expenses$24,217,481

XI-3 Revenue less expenses$2,853,489

XI-4 Net assets at start of year$25,674,666

XI-5 Net unrealized gains (losses) on investments$166,050

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year$28,694,205

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

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Ashley Hall Foundation FY2023 filing

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