Civic Intelligence

Dana Hall Schools

990 • Fiscal year 2023 • EIN 04-2103562

Jul 01, 2022 to Jun 30, 2023 • Filed on Feb 01, 2024

PO Box 9010Wellesley, MA 02482-9010

(781) 235-3010

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

43rd percentile

0.22x

Higher debt load relative to assets than 43% of similar nonprofits.

2023 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2023

Liabilities / Revenue

67th percentile

0.85x

Higher debt load relative to revenue than 67% of similar nonprofits.

2023 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2023

Net Margin

83rd percentile

24%

Higher net margin than 83% of similar nonprofits.

2023 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2023

Top Officer Pay

57th percentile

$540,502

Higher top officer pay than 57% of similar nonprofits.

Top officer pay equals 1.2% of source-year revenue.

2023 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2023

Asset Growth

83rd percentile

19%

Faster asset growth than 83% of similar nonprofits.

2023 filings • 501(c)3 • $100M-$250M nonprofits • Annualized from 2022 to 2023

Revenue Growth

36th percentile

-1.5%

Faster revenue growth than 36% of similar nonprofits.

2023 filings • 501(c)3 • $100M-$250M nonprofits • Annualized from 2022 to 2023

Assets

Up

$176,060,162

Up $28,442,242 (+19%) from 2022

Net Assets

Up

$137,330,626

Up $16,680,323 (+14%) from 2022

Liabilities

Up

$38,729,536

Up $11,761,919 (+44%) from 2022

Revenue

Down

$45,595,997

Down $700,765 (-1.5%) from 2022

Expenses

Up

$34,723,469

Up $2,067,459 (+6.3%) from 2022

Net Income

Down

$10,872,528

Down $2,768,224 (-20%) from 2022

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$300M$200M$100M$0Assets 2010: $75,400,128Liabilities 2010: $31,224,907Net Assets 2010: $44,175,2212010Assets 2011: $81,114,745Liabilities 2011: $31,186,804Net Assets 2011: $49,927,9412011Assets 2012: $81,540,861Liabilities 2012: $30,582,335Net Assets 2012: $50,958,5262012Assets 2013: $85,528,118Liabilities 2013: $30,209,358Net Assets 2013: $55,318,7602013Assets 2014: $99,783,940Liabilities 2014: $27,986,280Net Assets 2014: $71,797,6602014Assets 2015: $103,244,607Liabilities 2015: $28,484,123Net Assets 2015: $74,760,4842015Assets 2016: $101,372,159Liabilities 2016: $28,538,020Net Assets 2016: $72,834,1392016Assets 2017: $108,882,597Liabilities 2017: $28,697,600Net Assets 2017: $80,184,9972017Assets 2018: $111,640,352Liabilities 2018: $27,973,087Net Assets 2018: $83,667,2652018Assets 2019: $113,030,925Liabilities 2019: $27,288,776Net Assets 2019: $85,742,1492019Assets 2020: $128,367,541Liabilities 2020: $25,243,598Net Assets 2020: $103,123,9432020Assets 2021: $143,508,602Liabilities 2021: $26,169,988Net Assets 2021: $117,338,6142021Assets 2022: $147,617,920Liabilities 2022: $26,967,617Net Assets 2022: $120,650,3032022Assets 2023: $176,060,162Liabilities 2023: $38,729,536Net Assets 2023: $137,330,6262023Assets 2024: $194,433,534Liabilities 2024: $39,406,713Net Assets 2024: $155,026,8212024Assets 2025: $208,301,704Liabilities 2025: $43,833,608Net Assets 2025: $164,468,0962025

Highlighted filing

2023

Assets$176,060,162
Liabilities$38,729,536
Net Assets$137,330,626

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$60M$40M$20M$0-$20MExpenses 2010: $22,649,1362010Expenses 2011: $24,983,9332011Expenses 2012: $24,137,6942012Revenue 2013: $27,322,339Expenses 2013: $24,802,380Net Income 2013: $2,519,9592013Revenue 2014: $38,043,812Expenses 2014: $26,046,679Net Income 2014: $11,997,1332014Revenue 2015: $31,288,373Expenses 2015: $27,134,667Net Income 2015: $4,153,7062015Revenue 2016: $28,153,843Expenses 2016: $28,519,608Net Income 2016: -$365,7652016Revenue 2017: $32,484,711Expenses 2017: $29,139,323Net Income 2017: $3,345,3882017Revenue 2018: $31,073,593Expenses 2018: $30,068,074Net Income 2018: $1,005,5192018Revenue 2019: $31,905,539Expenses 2019: $31,092,259Net Income 2019: $813,2802019Revenue 2020: $58,731,452Expenses 2020: $31,093,461Net Income 2020: $27,637,9912020Revenue 2021: $34,554,017Expenses 2021: $31,603,014Net Income 2021: $2,951,0032021Revenue 2022: $46,296,762Expenses 2022: $32,656,010Net Income 2022: $13,640,7522022Revenue 2023: $45,595,997Expenses 2023: $34,723,469Net Income 2023: $10,872,5282023Revenue 2024: $46,636,117Expenses 2024: $36,938,851Net Income 2024: $9,697,2662024Revenue 2025: $40,943,815Expenses 2025: $39,400,764Net Income 2025: $1,543,0512025

Highlighted filing

2023

Revenue$45,595,997
Expenses$34,723,469
Net Income$10,872,528
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
Feb 1, 2024
Return Version
2022v5.0
Gross Receipts
$58,384,242
Mission and Program Overview

Mission

Dana hall is an independent boarding and day school for girls in grades five through twelve.

Please see schedule o.dana hall school is an independent boarding and day school for girls in grades five through twelve. Dana hall is committed to fostering excellence in academics, the arts, and athletics within a vibrant, caring and inclusive community. With emphasis on integrity, leadership, diversity, and service as well as on respect for self and others, dana hall provides its students with a unique opportunity to prepare themselves for the challenges and choices they will face as women and citizens of the world.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$82,585,228$87,170,385▲ $4,585,157
Land, Buildings, and Equipment, Net$36,198,537$56,499,011▲ $20,300,474
Savings and Temporary Cash Investments$21,715,801$24,700,419▲ $2,984,618
Pledges and Grants Receivable$4,999,798$5,086,340▲ $86,542
Prepaid Expenses and Deferred Charges$794,423$753,931▼ $40,492
Accounts Receivable$102,573$76,986▼ $25,587
Total Assets$147,617,920$176,060,162▲ $28,442,242
Other Assets Total$1,221,560$1,773,090▲ $551,530
Liabilities
Tax Exempt Bond Liabilities$16,551,947$26,811,852▲ $10,259,905
Deferred Revenue$6,235,697$7,140,407▲ $904,710
Accounts Payable and Accrued Expenses$3,772,958$3,797,705▲ $24,747
Other Liabilities$407,015$979,572▲ $572,557
Total Liabilities$26,967,617$38,729,536▲ $11,761,919
Net Assets / Fund Balance
Net Assets With Donor Restrictions$84,702,162$84,603,275▼ $98,887
Net Assets Without Donor Restrictions$35,948,141$52,727,351▲ $16,779,210
Total Net Assets Fund Balance$120,650,303$137,330,626▲ $16,680,323
Total Liabilities and Net Assets / Fund Balance$147,617,920$176,060,162▲ $28,442,242

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$49,646,210$32,167,833$81,814,043
Equipment$1,022,683$4,711,255$5,733,938
Land$5,649,120-$5,649,120
Other Land Buildings$180,998$770,750$951,748

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2022$71,856,875$1,979,965▲ $7,535,185$2,200,000$79,172,025
2021$75,919,322$2,887,332▼ $6,949,779-$71,856,875
2020$62,688,706$571,688▲ $14,158,928$1,500,000$75,919,322
2019$61,656,116$865,950▲ $1,666,640$1,500,000$62,688,706
2018$60,026,606$1,074,147▲ $2,305,363$1,750,000$61,656,116
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Katherine BradleyHead of SchoolFT$404,146$136,356$540,502
Rob MatherAssociate Head of SchoolFT$134,539$122,069$256,608
Christina BaskettChief Advancement OfficerFT$171,982$68,888$240,870
Charlie BreslinChief Operating/financial OfficerFT$219,622$18,279$237,901
Angela BrownAssistant Head of Admission & Strategic InitiativeFT$132,449$61,003$193,452
Angela BrownAssistant Head of Admission & Strate-$132,449$61,003$193,452
Fred ClaytonDirector of TechnologyFT$123,237$46,091$169,328
Lauren GoldbergDirector of Middle SchoolFT$130,382$20,338$150,720

Board Members and Trustees

Highest Paid Contractors

ContractorServicesLocationCompensation
Construction Management & BuildersConstruction85 SAM FONZO DRIVE, Beverly, MA 01915$6,434,628
Dario Designs INCArchitect318 MAIN STREET SUITE 210, Northborough, MA 01532$686,016
Quirk Constructions CorpTemp Classroom SiteworkONE MARTEL WAY, Georgetown, MA 01833$234,665
Graham-pelton ConsultingCampaign Consultan39 BEECHWOOD ROAD, Summit, NJ 07901$201,500
Shore Lock Homes LLCSiding & Roofing2 PUMPKIN PINE ROAD, Natick, MA 01760$188,670
Revenue and Support

Revenue Composition

Contributions and Grants
$12,885,245
Program Service Revenue
$30,398,261
Investment Income
$2,312,491
Other Revenue
$0
All Other Contributions
$12,885,245
Change in Net Assets
$10,872,528

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
Yes
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded35$954,599Fair Market Value
Total Noncash Contributions35$954,599-

Audited Revenue Reconciliation

Revenue per Audited Statements
$39,746,538
Revenue Not Reported on Financial Statements
$5,849,459
Revenue Not Reported on Form 990
$5,807,795
Other Revenue Adjustments
$5,849,459
Total Revenue per Audited Statements
$45,554,333
Total Revenue per Form 990
$45,595,997
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$16,865,304
Other Expenses$11,882,713
Grants and Similar Amounts Paid$5,720,658
Total Fundraising Expense$1,849,467
Professional Fundraising Fees$254,794

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$10,188,924$1,853,192$908,508$12,950,624
Grants to Domestic Individuals$5,720,658--$5,720,658
Depreciation Depletion$2,773,304--$2,773,304
Office Expenses$1,902,324$16,031$31,651$1,950,006
Other Employee Benefits$1,178,892$193,766$88,869$1,461,527
Occupancy$1,069,187--$1,069,187
Payroll Taxes$737,108$162,700$65,369$965,177
All Other Expenses$287,348$477,947$170,855$936,150
Current Officers, Directors, Trustees, and Key Employees-$755,809-$755,809
Pension Plan Contributions$575,107$105,231$51,829$732,167
Fees for Services Management$309,737$223,660$80,367$613,764
Interest$477,734--$477,734
Insurance$451,493--$451,493
Other Expenses$270,406$17,619$181,051$288,025
Fees for Services Professional Fundraising--$254,794$254,794
Fees for Service Investment Mgmnt Fees-$143,801-$143,801
Conferences and Meetings$67,749$72,451$572$140,772
Fees for Services Legal-$90,321-$90,321
Fees for Services Other-$79,977-$79,977
Fees for Services Accounting-$64,209-$64,209
Travel$200$36,102$15,602$51,904
Total Functional Expenses$28,414,112$4,459,890$1,849,467$34,723,469

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$34,723,469
Expenses per Audited Statements$28,874,010
Total Expenses per Audited Statements$28,874,010
Expenses Not Reported on Financial Statements$5,849,459
Other Expense Adjustments$5,849,459
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$254,794
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Operating Lease Obligations$512,964
Split Interest Agreements$466,608

Bond Issues

BondIssuerIssuedIssue PricePurpose
AMassachusetts Development Finance Agency2011-06-01$24,528,758REFINANCE 2009 BOND
BMassachusetts Development Finance Agency2022-02-01$8,000,000Fund renovation of classroom building
CMassachusetts Development Finance Agency2022-02-01$3,000,000Fund renovation of classroom building

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$24,528,758-$8,588,607$97,194
B$8,000,000--$50,001
C$3,000,000---

Bond Financing Compliance

No rebate due
No
Rebate not yet due
No
Form 8038-T filed
No
Gross proceeds invested
No
Gross proceeds invested in GIC
No
Exception to rebate
No
Corrective action procedures
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 7A

Members of the school's corporation ("corporators") elect members of that body as well as members of the board of trustees.

Form 990, Part VI, Section A, Line 7B

The board of trustees is the school's governing body with full power to manage the affairs of the school, except for certain limited powers such as dissolution reserved for the corporators.

Form 990, Part VI, Section B, Line 11B

The school's 990 is reviewed by the executive committee and the audit & risk management committee with a presentation of materials from the school's auditors. The executive committee and the audit & risk management committee recommend approval of the 990 to the full board which then approves it.

Form 990, Part VI, Section B, Line 12C

All board members are required to review the conflict of interest policy and sign off on an annual basis. Board members are asked to complete disclosure forms annually to identify relationships with the school and other interested parties. These forms are reviewed by the committee on trustees, and any disclosed relationships are discussed; any committee member who is the subject of a disclosure is recused.

Form 990, Part VI, Section B, Line 15A

The executive committee, functioning as the compensation committee, comprised of disinterested trustees, determines the head of school's compensation. For other key employees, the head of school determines compensation based on benchmarking with peer schools in the area.

Form 990, Part VI, Section C, Line 19

The organization makes its financial statements available through the massachusetts attorney general's website. The governing documents, as well as conflict of interest policy are made available upon request.

Filing and Contact Details

Filer

Filer Name
Dana Hall School
EIN
04-2103562
Phone
7812353010
Address
PO BOX 9010, WELLESLEY, MA 02482-9010

Signing Officer

Name
Charlie Breslin
Title
Chief Operating/financial Offi
Phone
7812353010
Signed
2024-02-01
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Katherine Bradley
Formed
1938
Legal Domicile
Ma
Voting Board Members
25
Independent Board Members
24
Employees
349
Volunteers
0

Preparer

Firm
Tonneson & Company Pc
Address
401 EDGEWATER PLACE SUITE 300, WAKEFIELD, MA 01880-6208
Preparer
Jody K Booth
Phone
7812459999
Supplemental Narrative

Financial Statement Notes

PART V, LINE 4:

The endowment is an important asset of the dana hall school. Total return to the school in terms of both income and long term growth is considered to be of crucial importance to provide flexibility in the future financial management of the school. The endowment's investment objective is to maximize its total rate of return consistent with prudent risk-taking, in order, over the long term, to maintain or increase the real purchasing power of the portfolio. The school has adopted a spending policy whereby a percentage of the historical average market value of the endowment for program services and capital needs is distributed and treated as support for current operating activities.

PART X, LINE 2:

In accordance with section 501(c)(3) of the internal revenue code, the school is exempt from federal and state income taxes and, accordingly, the financial statements do not reflect a provision for income taxes. These determinations have been reviewed according to guidance in a financial accounting standards board pronouncement related to accounting for uncertainty in income taxes. In determining the recognition of uncertain tax positions, the school now applies a more-likely-than-not recognition threshold and determines the recognition of uncertain tax positions considering the amounts and probabilities of the outcomes that could be realized upon ultimate settlement with taxing authorities. As of june 30, 2023, the school has no uncertain tax positions that qualify for either recognition or disclosure in the financial statements. The school is generally subject to potential examination by taxing jurisdictions for the prior three years.

PART XI, LINE 4B - OTHER ADJUSTMENTS:

Financial aid 5,720,658. Management fees 143,801. Loss on disposal of assets -15,000.

PART XII, LINE 4B - OTHER ADJUSTMENTS:

Financial aid 5,720,658. Management fees 143,801. Loss on disposal of assets -15,000.

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IRS990/ActivityOrMissionDesc0PLEASE SEE SCHEDULE O.DANA HALL SCHOOL IS AN INDEPENDENT BOARDING AND DAY SCHOOL FOR GIRLS IN GRADES FIVE THROUGH TWELVE. DANA HALL IS COMMITTED TO FOSTERING EXCELLENCE IN ACADEMICS, THE ARTS, AND ATHLETICS WITHIN A VIBRANT, CARING AND INCLUSIVE COMMUNITY. WITH EMPHASIS ON INTEGRITY, LEADERSHIP, DIVERSITY, AND SERVICE AS WELL AS ON RESPECT FOR SELF AND OTHERS, DANA HALL PROVIDES ITS STUDENTS WITH A UNIQUE OPPORTUNITY TO PREPARE THEMSELVES FOR THE CHALLENGES AND CHOICES THEY WILL FACE AS WOMEN AND CITIZENS OF THE WORLD.
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IRS990/Desc0DANA HALL SCHOOL IS AN INDEPENDENT BOARDING AND DAY SCHOOL, PROVIDING EDUCATION TO APPROXIMATELY 470 STUDENTS IN GRADES FIVE THROUGH TWELVE. DANA HALL IS COMMITTED TO FOSTERING EXCELLENCE IN ACADEMICS, THE ARTS, AND ATHLETICS WITHIN A VIBRANT, CARING AND INCLUSIVE COMMUNITY. WITH EMPHASIS ON INTEGRITY, LEADERSHIP, DIVERSITY, AND SERVICE AS WELL AS ON RESPECT FOR SELF AND OTHERS, DANA HALL PROVIDES ITS STUDENTS WITH A UNIQUE OPPORTUNITY TO PREPARE THEMSELVES FOR THE CHALLENGES AND CHOICES THEY WILL FACE AS WOMEN AND CITIZENS OF THE WORLD.
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IRS990/Form990PartVIISectionAGrp/TitleTxt0HEAD OF SCHOOL
IRS990/Form990PartVIISectionAGrp/TitleTxt1BOARD CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt2TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt3SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt4BOARD VICE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt5PRESIDENT OF THE CORPORATION/ALUMNI COUNCIL
IRS990/Form990PartVIISectionAGrp/TitleTxt6TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt7TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt8TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt9CHAIR, PARENTS' ASSOCIATION
IRS990/Form990PartVIISectionAGrp/TitleTxt10TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt11TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt12TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt13TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt14TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt15TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt16TRUSTEE
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IRS990/Form990PartVIISectionAGrp/TitleTxt18TRUSTEE
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IRS990/Form990PartVIISectionAGrp/TitleTxt23TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt24TRUSTEE
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IRS990/Form990PartVIISectionAGrp/TitleTxt26CHIEF ADVANCEMENT OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt27ASSOCIATE HEAD OF SCHOOL
IRS990/Form990PartVIISectionAGrp/TitleTxt28ASSISTANT HEAD OF ADMISSION & STRATEGIC INITIATIVE
IRS990/Form990PartVIISectionAGrp/TitleTxt29DIRECTOR OF MIDDLE SCHOOL
IRS990/Form990PartVIISectionAGrp/TitleTxt30DIRECTOR OF TECHNOLOGY
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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$208$43.8$164$40.9$39.4$1.54
2024Detailed filing. Detailed filing data is available for this year.$194$39.4$155$46.6$36.9$9.70
2023Detailed filing. Detailed filing data is available for this year.$176$38.7$137$45.6$34.7$10.9
2022Detailed filing. Detailed filing data is available for this year.$148$27.0$121$46.3$32.7$13.6
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$144$26.2$117$34.6$31.6$2.95
2020Detailed filing. Detailed filing data is available for this year.$128$25.2$103$58.7$31.1$27.6
2019Detailed filing. Detailed filing data is available for this year.$113$27.3$85.7$31.9$31.1$0.81
2018Detailed filing. Detailed filing data is available for this year.$112$28.0$83.7$31.1$30.1$1.01
2017Detailed filing. Detailed filing data is available for this year.$109$28.7$80.2$32.5$29.1$3.35
2016Detailed filing. Detailed filing data is available for this year.$101$28.5$72.8$28.2$28.5$0.37
2015Detailed filing. Detailed filing data is available for this year.$103$28.5$74.8$31.3$27.1$4.15
2014Detailed filing. Detailed filing data is available for this year.$99.8$28.0$71.8$38.0$26.0$12.0
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$85.5$30.2$55.3$27.3$24.8$2.52
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$81.5$30.6$51.0$24.1
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$81.1$31.2$49.9$25.0
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$75.4$31.2$44.2$22.6
Peer Organizations

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