Athenian School: Nonprofit Profile, Financials & Form 990 (EIN 94-6070808)

Revenue by fiscal year
FY2020	$28.6M
FY2021	$26.9M
FY2023	$31.3M
FY2024	$33.2M
FY2025	$35.0M

Expenses by fiscal year
FY2020	$26.4M
FY2021	$28.5M
FY2023	$32.1M
FY2024	$34.6M
FY2025	$35.3M

Net assets by fiscal year
FY2020	$39.5M
FY2021	$40.0M
FY2023	$37.2M
FY2024	$37.0M
FY2025	$37.7M

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Sep 1964.

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

Where the money goes

76 cents of each dollar spent went to programs.

76%

22%

Program services 76% · $26.9M Management & general 22% · $7.8M Fundraising 2% · $706K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Something off? Claim to add context

Who runs it and what they're paid

33 people listed on the 990; $2.2M paid to officers and key staff (Part VII, Section A).

Part VII, Section A · reportable compensation

Eric Niles

Head of School (thru 06/24)

$681,272Pt VII · Sec A

Keith Powell

Chief Operating Officer

$276,068Pt VII · Sec A

Elizabeth Quincy McLaughlin

Interim Hos (as of 07/24)

$228,903Pt VII · Sec A

Amy Rasner

Dir. of People and Culture

$217,225Pt VII · Sec A

Meadow Davis

Asst. Head & Head of Upper School

$208,621Pt VII · Sec A

Robert Bardenhagen

Dir. of Educational Technology

$178,470Pt VII · Sec A

Naoko Akiyama

Director of Deis

$174,250Pt VII · Sec A

Jessie Ang

Controller

$154,400Pt VII · Sec A

Compensation history total reportable pay by year · 8 named individuals · Part VII

Name	FY2025	FY2024	FY2023	FY2021	FY2020
Eric Niles	$681,272	$555,789	$478,415	$459,709	$647,210
Keith Powell	$276,068	$247,920	$238,835	$38,784	—
Lauren Railey	$114,397	$193,066	$252,458	$153,771	$146,806
Elizabeth Quincy McLaughlin	$228,903	—	—	—	—
Amy Rasner	$217,225	$174,763	$143,930	—	—
Leslie Lucas	—	—	—	$202,920	$209,782
Meadow Davis	$208,621	$190,667	$170,793	—	—
Elizabeth McLaughlin	—	—	$186,226	—	—

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 Athenian 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 middle and high school students for college and fulfilling lives through active, interactive learning.

Questions for Athenian School

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1 program · $26.9M · in their own filed words · FY2024

01

The Athenian School operates a unique private education for students from grades 6 through 8 (middle School) and grades 9 through 12 (high School). The Athenian School cultivates the personal qualities of each student to become an integrated human being with integrity, strong moral character, aesthetic sensitivity, and physical…

Form 990 Part III, line 4, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 94-6070808) · Dispute this line

$26.9Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record

Grants received · FY2024

Quest FoundationFY2024$99K

Vanguard Charitable Endowment ProgramFY2024$80K

Fidelity Investments Charitable Gift FundFY2024$68K

American Online Giving Foundation INCFY2024$55K

Donor Advised Charitable Giving INCFY2024$52K

Morgan Stanley Global Impact Funding Trust INCFY2024$37K

National Philanthropic TrustFY2024$23K

Novogradac Rivers FoundationFY2024$15K

Total grants receivedfrom 12 funders$459K

See all 12 funders →

By the numbers

The FY2025 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$35.0M

Ln 12

Fees for servicesLn 2g$32.4M

Gifts and grantsLn 1h$1.3M

Investment incomeLn 3$1.2M

Money outPt IX

$35.3M

Ln 25

Programscol B$26.9M

Managementcol C$7.8M

Fundraisingcol D$706K

Owns and owesPt X

$37.7M

net assets · Ln 32

Cash and savingsLn 1–2$7.5M

Total assetsLn 16$77.7M

LiabilitiesLn 26$40.0M

PeoplePt VI, VII

33

listed · VII A

PaidVII A9

Voting boardVI 1a22

IndependentVI 1b22

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$1.3M

Noncash giftsLn 1g$55K

Fees for servicesLn 2g$32.4M

Investment incomeLn 3$1.2M

Other incomeLn 4–11$63K

Gains on assetsLn 7$27K

Total revenueLn 12$35.0M

Assets in detailPt X, end of year

CashLn 1$12K

SavingsLn 2$7.5M

Cash and savings togetherLn 1–2$7.5M

Pledges and grants receivableLn 3$101K

Accounts receivableLn 4$11.9M

Prepaid expenses and deferred chargesLn 9$609K

Land, buildings, equipmentLn 10c$28.6M

InvestmentsLn 11–13$28.9M

Total assetsLn 16$77.7M

LiabilitiesLn 26$40.0M

Net assetsLn 32$37.7M

OperationsPt I, VI

EmployeesI 5259

VolunteersI 6100

Fiscal year endsHeaderJune

Conflict-of-interest policyVI 12aYes

Whistleblower policyVI 13Yes

Records policyVI 14Yes

3More from this return

BondsSch K, Pt X

Tax-exempt bond debt owedX 20$11.0M

Bond issues listedSch K Pt I1

Raised by those issuesSch K Pt I$16.4M

Abroad and in kindSch F, M

Noncash gifts receivedSch M Pt I$55K

Investment feesPt IX, Sch D

Investment fees, as reportedPt IX 11f$65K

Share of the $11.4M endowmentSch D 1g0.57%

Typical, median of 2,202 orgs0.44%

EndowmentSch D · Pt V

Line	FY25	FY24	FY23	FY22	FY21
End of yearLn 1g	$11.4M	$10.5M	$9.5M	$8.9M	$9.2M
AddedLn 1b	$243K	$274K	$189K	$27K	$426K
SpentLn 1d–1f	$366K	$337K	$316K	$311K	$394K

4Year over year

Balance sheet, start vs end of yearPt X · col A, B

Line	Start FY25	End FY25
Cash and savingsLn 1–2	$8.2M	$7.5M
InvestmentsLn 11–13	$27.1M	$28.9M
Land, buildings, equipmentLn 10c	$29.7M	$28.6M
Total assetsLn 16	$76.6M	$77.7M
LiabilitiesLn 26	$39.6M	$40.0M
Net assetsLn 32	$37.0M	$37.7M

5Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Grants to domestic individualsLn 2	$4.5M	$4.5M
Pay of officers and key staff (Part IX, line 5)Ln 5	$868K	$77K	$739K	$51K
Other salaries and wagesLn 7	$14.1M	$10.4M	$3.4M	$380K
Pension plan contributionsLn 8	$782K	$573K	$193K	$17K
Other employee benefitsLn 9	$2.2M	$1.6M	$602K	$53K
Payroll taxesLn 10	$1.1M	$771K	$310K	$27K
Legal feesLn 11b	$151K		$151K
Accounting feesLn 11c	$72K		$72K
Investment management feesLn 11f	$65K		$65K
Other fees for servicesLn 11g	$664K		$644K	$20K
Advertising and promotionLn 12	$378K		$320K	$58K
Office expensesLn 13	$482K	$101K	$375K	$5K
Information technologyLn 14	$406K	$406K
OccupancyLn 16	$2.8M	$2.3M	$429K	$37K
Conferences, conventions and meetingsLn 19	$35K		$27K	$7K
InterestLn 20	$374K	$316K	$49K	$9K
Depreciation, depletion and amortizationLn 22	$2.4M	$2.0M	$318K	$33K
InsuranceLn 23	$563K	$480K	$75K	$8K
Other expenses (24a–d)Ln 24	$3.4M	$3.4M
Total functional expensesLn 25	$35.3M	$26.9M	$7.8M	$706K

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2025 Latest ViewingFiled with the IRS Dec 23, 2025	$35.0M	$35.3M	−$336K	$37.7M	990 PDF
FY2024Filed with the IRS Dec 13, 2024	$33.2M	$34.6M	−$1.4M	$37.0M	990 PDF
FY2023Filed with the IRS Nov 17, 2023	$31.3M	$32.1M	−$885K	$37.2M	990 PDF
FY2022	Not on file
FY2021Filed with the IRS Jan 26, 2022	$26.9M	$28.5M	−$1.6M	$40.0M	990 PDF
FY2020Filed with the IRS Feb 4, 2021	$28.6M	$26.4M	$2.2M	$39.5M	990 PDF

Schedules filed Part IV

A · Public support D · Assets and endowments I · Grants J · Pay M · Noncash O · Explanations

See the full FY2025 990

Part I · Summary $35,003,077 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $1,380,288$1,287,665

I-9 Program service revenuePrior year $30,646,535$32,412,903

I-10 Investment incomePrior year $1,157,950$1,266,185

I-11 Other revenuePrior year $35,554$36,324

I-12 Total revenuePrior year $33,220,327$35,003,077

I-13 Grants and similar amounts paidPrior year $4,200,662$4,466,819

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

I-15 Salaries and benefitsPrior year $18,830,481$19,102,037

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

I-17 Other expensesPrior year $11,583,941$11,769,816

I-18 Total expensesPrior year $34,615,084$35,338,672

I-19 Revenue less expensesPrior year −$1,394,757−$335,595

Part VI · Governance 22 of 22 board members independent, no flags

VI-1a Voting members of the governing body22

VI-1b Independent voting members22

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 $35,003,077 across 9 lines filed

VIII-1f All other contributions, gifts and grants$1,287,665

VIII-1g Noncash contributions (included above)$54,892

VIII-1h Total contributions, gifts and grants$1,287,665

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $32,412,903$32,412,903

VIII-3 Investment incomeExcluded from tax $1,239,193$1,239,193

VIII-6 Net rental income or lossExcluded from tax $11,008$11,008

VIII-7 Net gain or loss on sales of assetsExcluded from tax $26,992$26,992

VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $25,316$25,316

VIII-12 Total revenueRelated to mission $32,412,903 · Unrelated business $0 · Excluded from tax $1,302,509$35,003,077

Part IX · Statement of functional expenses $35,338,672 across 19 lines filed

IX-2 Grants to domestic individualsPrograms $4,466,819$4,466,819

IX-5 Pay of officers and key staff (Part IX, line 5)Programs $77,062 · Management $739,070 · Fundraising $51,375$867,507

IX-7 Other salaries and wagesPrograms $10,374,660 · Management $3,380,827 · Fundraising $380,195$14,135,682

IX-8 Pension plan contributionsPrograms $572,671 · Management $192,502 · Fundraising $17,303$782,476

IX-9 Other employee benefitsPrograms $1,554,613 · Management $601,709 · Fundraising $52,514$2,208,836

IX-10 Payroll taxesPrograms $771,378 · Management $309,515 · Fundraising $26,643$1,107,536

IX-11b Legal feesManagement $150,979$150,979

IX-11c Accounting feesManagement $72,227$72,227

IX-11f Investment management feesManagement $65,268$65,268

IX-11g Other fees for servicesManagement $644,092 · Fundraising $20,141$664,233

IX-12 Advertising and promotionManagement $319,847 · Fundraising $58,337$378,184

IX-13 Office expensesPrograms $101,385 · Management $375,055 · Fundraising $5,266$481,706

IX-14 Information technologyPrograms $406,129$406,129

IX-16 OccupancyPrograms $2,303,903 · Management $428,846 · Fundraising $37,234$2,769,983

IX-19 Conferences, conventions and meetingsManagement $27,392 · Fundraising $7,259$34,651

IX-20 InterestPrograms $315,827 · Management $49,177 · Fundraising $9,125$374,129

IX-22 Depreciation, depletion and amortizationPrograms $2,025,052 · Management $318,293 · Fundraising $32,727$2,376,072

IX-23 InsurancePrograms $480,140 · Management $75,467 · Fundraising $7,760$563,367

IX-24 Other expenses (24a–d)Programs $3,432,888$3,432,888

IX-25 Total functional expensesPrograms $26,882,527 · Management $7,750,266 · Fundraising $705,879$35,338,672

Part X · Balance sheet $77,670,926 assets, 17 lines filed

X-1 Cash, non-interest-bearingStart of year $16,102$11,938

X-2 Savings and temporary cash investmentsStart of year $8,140,089$7,531,701

X-3 Pledges and grants receivableStart of year $50,000$100,705

X-4 Accounts receivableStart of year $10,831,887$11,939,521

X-9 Prepaid expenses and deferred chargesStart of year $789,496$608,539

X-10c Land, buildings and equipment, netStart of year $29,679,101$28,583,988

X-11 Publicly traded securitiesStart of year $27,126,553$28,894,534

X-16 Total assetsStart of year $76,633,228$77,670,926

X-17 Accounts payable and accrued expensesStart of year $2,004,855$1,601,548

X-19 Deferred revenueStart of year $26,088,895$27,155,851

X-20 Tax-exempt bond liabilitiesStart of year $11,417,547$11,038,016

X-25 Other liabilitiesStart of year $131,623$172,023

X-26 Total liabilitiesStart of year $39,642,920$39,967,438

X-27 Net assets without donor restrictionsStart of year $27,770,504$27,648,065

X-28 Net assets with donor restrictionsStart of year $9,219,804$10,055,423

X-32 Total net assets or fund balancesStart of year $36,990,308$37,703,488

X-33 Total liabilities and net assetsStart of year $76,633,228$77,670,926

Part XI · Reconciliation of net assets $37,703,488 net assets at year end

XI-1 Total revenue$35,003,077

XI-2 Total expenses$35,338,672

XI-3 Revenue less expenses−$335,595

XI-4 Net assets at start of year$36,990,308

XI-5 Net unrealized gains (losses) on investments$1,048,775

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year$37,703,488

Form 990 e-file FY2025 from the IRS (about our sources) · Classification, formation year and address from the IRS Business Master File

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Athenian School

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