Governor Dummer Academy
- Assets
- $175.4m
- Revenue
- $66.0m
- Investments
- $86.6m
- Employees
- 295
- Location
- Byfield, MA
- Founding
- 02/1935
- Data as of
- 06/2021
- EIN
- 04-2103564
Organization Overview
Governor Dummer Academy is located in Byfield, MA. The organization was established in 1935. 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 06/2022, Governor Dummer Academy employed 295 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Governor Dummer 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 06/2021, Governor Dummer Academy generated $66.0m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.6% each year . All expenses for the organization totaled $35.0m during the year ending 06/2021. While expenses have increased by 2.4% per year over the past 7 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE GOVERNOR'S ACADEMY IS THE OLDEST CONTINUOUSLY OPERATED BOARDING AND DAY SCHOOL IN THE U.S., WHERE YOUNG MEN AND WOMEN IN GRADES 9 THROUGH 12 PREPARE TO BECOME THE CITIZEN LEADERS OF TOMORROW. MORE THAN 400 STUDENTS FROM 23 STATES AND 18 COUNTRIES CREATE A VIBRANT, FASCINATING GLOBAL COMMUNITY. TWO-THIRDS BOARD AND ONE-THIRD ARE DAY STUDENTS. THE ACADEMY SITS ON A BEAUTIFUL 450-ACRE CAMPUS WITH EXTENSIVE FACILITIES FOR ACADEMICS, ATHLETICS, AND VISUAL AND PERFORMING ARTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
INNOVATION AND A FORWARD FOCUS ARE AS MUCH A PART OF GOVERNOR'S AS OUR 258-YEAR-OLD HISTORY. THE ACADEMY OFFERS A FULL RANGE OF VISUAL AND PERFORMING ARTS, MORE THAN 50 INTERSCHOLASTIC ATHLETICS TEAMS, AND DOZENS OF SERVICE, LEADERSHIP, CULTURAL, AND RECREATIONAL ACTIVITIES. GOVERNOR'S ATHLETIC TEAMS REGULARLY COMPETE IN LEAGUE AND NEW ENGLAND CHAMPIONSHIPS. ANNUALLY ARTISTS AND WRITERS AT THE ACADEMY WIN DOZENS OF REGIONAL AND NATIONAL AWARDS. ACADEMY GRADUATES GO ON TO ATTEND SOME OF THE TOP COLLEGES AND UNIVERSITIES IN THE WORLD.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James M Pierce President | OfficerTrustee | 5 | $0 |
Betsy Elizabeth Farrell Secretary | OfficerTrustee | 5 | $0 |
Steven G Shapiro Treasurer | OfficerTrustee | 5 | $0 |
James L Rudolph Trustee | Trustee | 5 | $0 |
Bill Alfond Trustee | Trustee | 5 | $0 |
Mr Byung Soo Baik Trustee | Trustee | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Redco Construction Inc Construction | 6/29/22 | $559,300 |
Ws Aiken Llc Construction | 6/29/22 | $291,105 |
Compass Facility Services Cleaning Company | 6/29/22 | $506,184 |
Us Security Associates Inc Campus Security Company | 6/29/22 | $181,522 |
Cic Health Llc Covid Testing Company | 6/29/22 | $385,092 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $14,499,631 |
| Investment income | $320,332 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $57,000 |
| Net Gain/Loss on Asset Sales | $27,227,234 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $29,864 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $66,035,894 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $5,872,658 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $660,075 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $11,887,087 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $4,548,252 |
| Payroll taxes | $881,694 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $977,140 |
| Advertising and promotion | $82,107 |
| Office expenses | $169,890 |
| Information technology | $443,250 |
| Royalties | $0 |
| Occupancy | $2,836,387 |
| Travel | $61,231 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $39,879 |
| Interest | $733,105 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,495,884 |
| Insurance | $317,017 |
| All other expenses | $0 |
| Total functional expenses | $34,992,433 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $48,676 |
| Savings and temporary cash investments | $9,161,214 |
| Pledges and grants receivable | $9,860,357 |
| Accounts receivable, net | $83,402 |
| Loans from Officers, Directors, or Controlling Persons | $25,000 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $95,299 |
| Prepaid expenses and deferred charges | $988,830 |
| Investments—publicly traded securities | $1,539,574 |
| Investments—other securities | $86,615,188 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $175,373,795 |
| Accounts payable and accrued expenses | $1,643,038 |
| Grants payable | $0 |
| Deferred revenue | $6,458,607 |
| Tax-exempt bond liabilities | $21,647,359 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,886,787 |
| Total liabilities | $32,635,791 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $142,738,004 |