Trustees Of Deerfield Academy
- Assets
- $1.2b
- Revenue
- $75.1m
- Investments
- $833.6m
- Employees
- 626
- Location
- Deerfield, MA
- Founding
- 04/1947
- Data as of
- 06/2023
- EIN
- 04-2103563
Organization Overview
Trustees Of Deerfield Academy is located in Deerfield, MA. The organization was established in 1947. According to its NTEE Classification (B25) the organization is classified as: Secondary & High Schools, under the broad grouping of Education and related organizations. As of 06/2023, Trustees Of Deerfield Academy employed 626 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Trustees Of Deerfield Academy is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2023, Trustees Of Deerfield Academy generated $75.1m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.1% each year. All expenses for the organization totaled $87.8m during the year ending 06/2023. While expenses have increased by 4.3% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Trustees Of Deerfield Academy has awarded 68 individual grants totaling $3,545,525. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
DEERFIELD ACADEMY IS AN INDEPENDENT SECONDARY SCHOOL COMMITTED TO HIGH STANDARDS OF SCHOLARSHIP, CITIZENSHIP, AND PERSONAL RESPONSIBILITY. THROUGH A RIGOROUS LIBERAL ARTS CURRICULUM, EXTENSIVE CO-CURRICULAR PROGRAM, AND SUPPORTIVE RESIDENTIAL ENVIRONMENT, DEERFIELD ENCOURAGES EACH STUDENT TO DEVELOP AN INQUISITIVE AND CREATIVE MIND, SOUND BODY, AND STRONG MORAL CHARACTER.
Describe the Organization's Program Activity:
DURING THE 2022-2023 ACADEMIC YEAR, 581 BOARDING AND 74 DAY STUDENTS WERE ENROLLED AT DEERFIELD ACADEMY. OUR PROGRAMS OF SECONDARY EDUCATION (GRADES 9-12) INCLUDE THE DEVELOPMENT OF OUR STUDENTS' ACADEMIC AND SCHOLARSHIP SKILLS, CITIZENSHIP AND CHARACTER. COMMUNITY SERVICE, ATHLETIC PROGRAMS AND EXTRA-CURRICULAR ACTIVITIES ARE INTEGRATED AS A PART OF THE SCHOOL'S LONGSTANDING INTELLECTUAL AND MORAL TRADITION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Govi Leila President | OfficerTrustee | 8 | $0 |
Fleming Sr Gregory Vice President/treasurer | OfficerTrustee | 5 | $0 |
Mcinerney Mark Secretary | OfficerTrustee | 3 | $0 |
Anderson Gary Trustee | Trustee | 2 | $0 |
Brennan Seth Trustee | Trustee | 2 | $0 |
Chen Yilun Trustee | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Fontaine Bros Inc Construction Services | 6/29/23 | $10,064,071 |
Arc Construction Services | 6/29/23 | $2,915,411 |
Mahan Slate Roofing Co Inc Roofing & Repair Services | 6/29/23 | $784,100 |
Classic Turf Company Llc Court/turf Construction | 6/29/23 | $286,000 |
Integration Partners Its Infrastructure Services | 6/29/23 | $276,870 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $16,910,913 |
| Noncash contributions included in lines 1a–1f | $2,804,906 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $16,910,913 |
| Total Program Service Revenue | $45,093,644 |
| Investment income | $4,377,674 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $8,014,917 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $523,835 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $75,146,409 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $422,320 |
| Grants and other assistance to domestic individuals. | $14,373,758 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,998,123 |
| Compensation of current officers, directors, key employees. | $1,361,867 |
| Compensation to disqualified persons | $170,281 |
| Other salaries and wages | $28,391,906 |
| Pension plan accruals and contributions | $3,189,523 |
| Other employee benefits | $5,099,831 |
| Payroll taxes | $2,287,612 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $306,157 |
| Fees for services: Accounting | $81,868 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $42,062 |
| Fees for services: Investment Management | $528,056 |
| Fees for services: Other | $1,285,590 |
| Advertising and promotion | $11,060 |
| Office expenses | $1,024,123 |
| Information technology | $1,471,936 |
| Royalties | $0 |
| Occupancy | $4,320,860 |
| Travel | $2,423,373 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $629,467 |
| Interest | $1,862,014 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $8,781,237 |
| Insurance | $1,022,558 |
| All other expenses | $4,053,506 |
| Total functional expenses | $87,844,707 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $12,050 |
| Savings and temporary cash investments | $15,348,294 |
| Pledges and grants receivable | $16,555,247 |
| Accounts receivable, net | $258,077 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $471,771 |
| Prepaid expenses and deferred charges | $1,191,047 |
| Net Land, buildings, and equipment | $288,042,741 |
| Investments—publicly traded securities | $58,169,330 |
| Investments—other securities | $833,553,002 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,674,825 |
| Total assets | $1,216,276,384 |
| Accounts payable and accrued expenses | $7,397,618 |
| Grants payable | $0 |
| Deferred revenue | $3,693,901 |
| Tax-exempt bond liabilities | $56,885,000 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $25,000,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,448,200 |
| Total liabilities | $95,424,719 |
| Net assets without donor restrictions | $503,958,492 |
| Net assets with donor restrictions | $616,893,173 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,216,276,384 |
Grants Awarded
Over the last fiscal year, Trustees Of Deerfield Academy has awarded $416,115 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
DEERFIELD AREA FIRE PROTECTION DISTRICT PURPOSE: GENERAL SUPPORT | $24,500 |
TOWN OF DEERFIELD PURPOSE: GENERAL SUPPORT | $185,426 |
BIG BROTHERSBIG SISTERS OF FRANKLIN COUNTY PURPOSE: GENERAL SUPPORT | $12,500 |
BAYSTATE HEALTH FOUNDATION PURPOSE: GENERAL SUPPORT | $75,000 |
UNITED WAY OF FRANKLIN COUNTY PURPOSE: GENERAL SUPPORT | $15,000 |
SECOND HELPINGS CO EPISCOPAL CHURCH OF SAINTS JAMES AND ANDREW PURPOSE: GENERAL SUPPORT | $19,922 |