EIN 04-2103579

Phillips Academy

IRS 501(c) type
501(c)(3)
Num. employees
1,132
Year formed
1778
Most recent tax filings
2023-06-01
NTEE code, primary
Description
Founded in 1778, Phillips Academy is an independent, coeducational, boarding high school serving a diverse community of 1,100 students who come from across the country and around the world.
Also known as...
Trustees of Phillips Academy
Total revenues
$186,768,593
2023
Total expenses
$150,737,144
2023
Total assets
$1,911,522,647
2023
Num. employees
1,132
2023

Program areas at Phillips Academy

Education, 1,149 students - regular session grades 9 - 12: Phillips Academy is a residential secondary school which seeks students of intelligence and integrity from diverse cultural, racial, socioeconomic and geographic backgrounds. The school's residential structure enables faculty to support students in their personal, social and intellectual development. The academic program fosters excellence in all disciplines within the liberal arts tradition. Faculty members guide students in mastering skills, acquiring knowledge and thinking critically, creatively and independently. The school strives to help young people achieve their potential not only intellectually, but also artistically, athletically and morally, so that they may lead responsible and fulfilling lives. The Academy is committed to establishing an environment that encourages people of diverse backgrounds and beliefs to understand and respect one another and to be sensitive to the differences of gender, ethnicity, class and sexual orientation. In its programs the school seeks to promote a balance of leadership, cooperation and service, together with a deeper awareness of the global community and natural world. Andover's 1778 constitution charges the Academy to prepare "youth from every quarter" to aspire equally to knowledge and goodness. This obligation challenges students in mind, body and spirit to see beyond themselves and to go beyond the familiar; to remain committed to developing what is finest in themselves and others, for others and themselves.
The institute for recruitment of teachers (irt) addresses the lack of diversity in the nation's teaching faculties by recruiting outstanding students of color and other scholars committed to diversity in education, preparing them for the demands of careers in education, counseling them through the graduate school application process, and advocating for sufficient funding for advanced study. Since 1990, the irt has built a national consortium of colleges and universities that are eager to enroll irt students to diversify their graduate student bodies and expand the pipeline of educators to teach, counsel, and administrate in american schools, colleges, and universities. Irt urges its students to earn their advanced degrees and teaching credentials before they launch their educational careers. Annually, the irt enrolls over 100 talented students who are majoring in the arts, humanities, social sciences, or education, to its associate program for college seniors and graduates who wish to continue their educational studies. Since its inception, nearly every irt applicant has been admitted to at least one graduate school within the irt consortium of 43 colleges and universities; most have been admitted to four or more. Approximately 50 percent of these students have received partial to full tuition waivers and full fellowship assistanceship funding for up to six years of graduate study. To date, the irt has worked with over 2,800 interns and associates. of that number, over 1,000 participants have already received terminal master's degrees and 418 have earned ph.d.s. Irt alumni serve in the administrative and teaching ranks at over 130 colleges and universities as well as numerous public, private and parochial schools.in the coming decades, a number of these scholars will emerge as educational leaders.
Education, 510 students, 191 e-summer students, and 63 advantage students - summer session: the summer session offers its students intensive academic enrichment through a variety of on-campus and virtual programs. Its flagship on-campus program, a five-week residential experience, is characterized by demanding classes, engaging recreational afternoon activities, social events, and cultural opportunities, as well as welcoming dormitories, all of which are designed to prepare students in grades 7 - 12 for secondary school and collegiate residential life. In addition, the fully-virtual e-summer program offers students from around the globe an opportunity to engage meaningfully with talented faculty in a personalized, mastery-based experience, combining synchronous class sessions and 1:1 learning conferences with asynchronous, self-paced online learning. In keeping with one of the Academy's ideals "to be a private school with a public purpose," summer session strives yearly to use its financial aid budget in order to offer the experience to as many qualified and deserving applicants as possible. Summer session works cooperatively with other programs such as minds matter, the eos foundation, reach memphis, the wight foundation, and others to identify scholars "from every quarter" to sponsor for this summer opportunity. Finally, summer session serves as the umbrella for the other outreach programs that work directly with students during the summer, both on-campus and virtually, making sure that they receive appropriate support, have access to Academy resources, and share as fully as possible in the summer community.

Who funds Phillips Academy

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Fidelity Investments Charitable Gift FundFor Grant Recipient's Exempt Purposes$3,817,960
National Philanthropic TrustEducation$1,481,328
Goldman Sachs Philanthropy Fund (GSPF)Education$751,000
...and 164 more grants received totalling $11,351,114

Personnel at Phillips Academy

NameTitleCompensation
Fernando R AlonsoAssistant Head of School$316,874
Kirsten A GlantzChief Investment Officer$966,514
Amy PatelDean Health and Wellness , Chief Marketing Officer / Medical Director$235,341
Jeffrey C DominaDean of Faculty$167,971
J Lawrence MuenchDirector of Facilities$200,920
...and 11 more key personnel

Financials for Phillips Academy

RevenuesFYE 06/2023
Total grants, contributions, etc.$45,200,612
Program services$82,390,133
Investment income and dividends$10,834,495
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$47,843,797
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$-394
Miscellaneous revenues$499,950
Total revenues$186,768,593

Form 990s for Phillips Academy

Fiscal year endingDate received by IRSFormPDF link
2023-062024-05-10990View PDF
2022-062023-05-11990View PDF
2021-062022-07-11990View PDF
2020-062021-05-20990View PDF
2019-062020-09-16990View PDF
...and 9 more Form 990s

Organizations like Phillips Academy

OrganizationLocationRevenue
Kent SchoolKent, CT$48,309,898
Kamehameha Schools (KS)Honolulu, HI$594,652,097
Groton SchoolGroton, MA$54,693,070
The Collegiate SchoolRichmond, VA$64,649,067
Phillips Exeter Academy (PEA)Exeter, NH$153,586,037
St. Paul's School (SPS)Concord, NH$128,355,809
Gilman SchoolBaltimore, MD$56,118,327
The Mccallie SchoolChattanooga, TN$63,606,300
The Peddie SchoolHightstown, NJ$59,000,083
Colorado Academy (CA)Denver, CO$53,188,097
Data update history
August 10, 2024
Received grants
Identified 43 new grant, including a grant for $250,000 from Keidan Family Foundation
July 31, 2024
Updated personnel
Identified 4 new personnel
July 17, 2024
Used new vendors
Identified 3 new vendors, including , , and
July 16, 2024
Posted financials
Added Form 990 for fiscal year 2023
May 18, 2024
Received grants
Identified 8 new grant, including a grant for $214,180 from Johnstone-Char Rem Unitrust XXXXX1002
Nonprofit Types
SchoolsK-12 schoolsCharities
Issues
Education
Characteristics
LobbyingOperates internationallyEndowed supportCommunity engagement / volunteeringTax deductible donationsAccepts online donations
General information
Address
180 Main St
Andover, MA 01810
Metro area
Boston-Cambridge-Newton, MA-NH
County
Essex County, MA
Website URL
andover.edu/ 
Phone
(978) 749-4000
Facebook page
phillipsacademy 
Twitter profile
@phillipsacademy 
IRS details
EIN
04-2103579
Fiscal year end
June
Taxreturn type
Form 990
Year formed
1778
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
B25: High School
NAICS code, primary
611110: Elementary and Secondary Schools
Parent/child status
Independent
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