Blair Academy
- Assets
- $256.1m
- Revenue
- $54.3m
- Investments
- $55.9m
- Employees
- 232
- Location
- Blairstown, NJ
- Founding
- 05/1929
- Data as of
- 06/2022
- EIN
- 22-1500475
Organization Overview
Blair Academy is located in Blairstown, NJ. The organization was established in 1929. 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, Blair Academy employed 232 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Blair 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 06/2022, Blair Academy generated $54.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.3% each year. All expenses for the organization totaled $39.1m during the year ending 06/2022. While expenses have increased by 3.4% 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
BLAIR ACADEMY SEEKS TO ENROLL TALENTED YOUNG MEN AND WOMEN FROM DIVERSE BACKGROUNDS. IN A RESIDENTIAL SETTING, BLAIR ACADEMY IS COMMITTED TO PROVIDE A LIBERAL ARTS EDUCATION AND TO PROMOTE THE DEVELOPMENT OF PERSONAL AND INTELLECTUAL DISCIPLINE AS PREPARATION FOR CONTINUED STUDY AT SELECTIVE COLLEGES AND FOR A LIFE OF RESPONSIBLILTY AND SERVICE.
Describe the Organization's Program Activity:
BLAIR ACADEMY SERVES 465 STUDENTS FROM 29 COUNTRIES AND 26 DIFFERENT STATES. BLAIR OFFERS A RICH AND CHALLENGING CURRICULUM, WORLD CLASS PROGRAMS FOR ATHLETES AND ARTISTS OF ALL ABILITIES AND AN ARRAY OF MEANINGFUL LEADERSHIP, TRAVEL, AND SERVICE OPPORTUNITIES. WE INVEST IN DISCOVERING AND UNDERSTANDING OUR STUDENTS' TALENTS, INTERESTS AND PERSONALITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James A Frick Asst. Treasurer And Asst. | Officer | 40 | $345,000 |
Peter Curran Head Of School | Officer | 40 | $335,000 |
Craig Hall Advancement | 40 | $290,000 | |
Christopher Fortunato Former Head Of School | 40 | $202,500 | |
Ryan Pagotto Administration | 40 | $184,000 | |
Cara Mohlmann Advancement | 40 | $144,278 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Sage Dining Services Inc Food Service | 6/29/22 | $2,543,497 |
Csi International Inc Janitorial | 6/29/22 | $984,829 |
Sj Fuel South Co Inc Fuel Services | 6/29/22 | $638,324 |
Cmg Of Easton Inc Construction | 6/29/22 | $791,971 |
Mark Anthony Construction Llc Construction | 6/29/22 | $345,744 |
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 | $15,884,613 |
| Noncash contributions included in lines 1a–1f | $1,942,822 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $15,884,613 |
| Total Program Service Revenue | $31,930,230 |
| Investment income | $1,835,087 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $35,405 |
| Net Gain/Loss on Asset Sales | $4,409,228 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $54,316,334 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $6,626,983 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $840,839 |
| Compensation of current officers, directors, key employees. | $840,839 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $11,632,593 |
| Pension plan accruals and contributions | $896,657 |
| Other employee benefits | $3,349,107 |
| Payroll taxes | $879,715 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $36,130 |
| Fees for services: Accounting | $39,750 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $3,764,784 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $2,360,853 |
| Travel | $237,995 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $380,937 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,662,337 |
| Insurance | $571,391 |
| All other expenses | $1,057,685 |
| Total functional expenses | $39,051,990 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,699,031 |
| Savings and temporary cash investments | $3,648,306 |
| Pledges and grants receivable | $15,413,443 |
| Accounts receivable, net | $94,466 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $293,504 |
| Prepaid expenses and deferred charges | $856,523 |
| Net Land, buildings, and equipment | $90,829,004 |
| Investments—publicly traded securities | $78,561,460 |
| Investments—other securities | $55,883,461 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,795,949 |
| Total assets | $256,075,147 |
| Accounts payable and accrued expenses | $1,994,671 |
| Grants payable | $0 |
| Deferred revenue | $5,042,307 |
| Tax-exempt bond liabilities | $0 |
| 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 | $23,291,904 |
| Other liabilities | $239,770 |
| Total liabilities | $30,568,652 |
| Net assets without donor restrictions | $123,429,147 |
| Net assets with donor restrictions | $102,077,348 |
| 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 | $256,075,147 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Blair Academy has recieved totaling $17,500.
| Awarding Organization | Amount |
|---|---|
William And Lynda Steere Foundation Westport, CT PURPOSE: BUDGET | $10,000 |
Reilly Family Foundation Aledo, TX PURPOSE: GENERAL OPERATIONS | $7,500 |
Endowment Analysis
| Beg. Balance | $146,971,856 |
| Earnings | -$11,282,054 |
| Admin Expense | $4,747,454 |
| Net Contributions | $5,733,996 |
| Ending Balance | $136,676,344 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Trustees Of The Lawrenceville School Lawrenceville, NJ | $908,146,906 | $142,227,478 |
The Hill School Pottstown, PA | $339,549,890 | $89,638,080 |
Regents Of The Mercersburg College Mercersburg, PA | $535,140,744 | $49,172,082 |
Blair Academy Blairstown, NJ | $256,075,147 | $54,316,334 |
Morristown-Beard School Morristown, NJ | $71,175,267 | $35,071,625 |
Pennington School Pennington, NJ | $95,126,184 | $33,377,887 |
St Andrews School Of Delaware Inc Middletown, DE | $398,873,444 | $32,788,416 |
Malvern Preparatory School Malvern, PA | $76,971,760 | $36,046,304 |
Emma Willard School Troy, NY | $275,716,852 | $137,236,966 |
Frisch School Paramus, NJ | $52,896,867 | $30,193,228 |
Integration Charter Schools Staten Island, NY | $20,881,046 | $32,287,318 |
Millbrook School Millbrook, NY | $138,607,846 | $30,124,599 |