Civic Intelligence

Trustees of Phillips Academy

990 • Fiscal year 2013 • EIN 04-2103579

Jul 01, 2012 to Jun 30, 2013 • Filed on May 09, 2014

180 Main StreetSuiteAndover, MA 01810-4161
Siviq Scores

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

Liabilities / Assets

14th percentile

0.12x

Higher debt load relative to assets than 14% of similar nonprofits.

2013 filings • 501(c)3 • $1B+ nonprofits • Source year 2013

Liabilities / Revenue

65th percentile

0.96x

Higher debt load relative to revenue than 65% of similar nonprofits.

2013 filings • 501(c)3 • $1B+ nonprofits • Source year 2013

Net Margin

86th percentile

27%

Higher net margin than 86% of similar nonprofits.

2013 filings • 501(c)3 • $1B+ nonprofits • Source year 2013

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2013

Asset Growth

50th percentile

7.8%

Faster asset growth than 50% of similar nonprofits.

2013 filings • 501(c)3 • $1B+ nonprofits • Annualized from 2012 to 2013

Revenue Growth

56th percentile

7.4%

Faster revenue growth than 56% of similar nonprofits.

2013 filings • $1B+ nonprofits • Annualized from 2012 to 2013

Assets

Up

$1,208,400,446

Up $87,791,363 (+7.8%) from 2012

Net Assets

Up

$1,067,676,259

Up $93,724,718 (+9.6%) from 2012

Liabilities

Down

$140,724,187

Down $5,933,355 (-4.0%) from 2012

Revenue

Up

$146,557,499

Up $10,041,384 (+7.4%) from 2012

Expenses

Up

$107,245,065

Up $532,496 (+0.5%) from 2012

Net Income

Up

$39,312,434

Up $9,508,888 (+32%) from 2012

Historical Trend

Balance Sheet Trend

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

$3.0B$2.0B$1.0B$0Assets 2010: $1,016,005,717Liabilities 2010: $145,994,335Net Assets 2010: $870,011,3822010Assets 2011: $1,131,294,796Liabilities 2011: $140,004,778Net Assets 2011: $991,290,0182011Assets 2012: $1,120,609,083Liabilities 2012: $146,657,542Net Assets 2012: $973,951,5412012Assets 2013: $1,208,400,446Liabilities 2013: $140,724,187Net Assets 2013: $1,067,676,2592013Assets 2014: $1,382,712,017Liabilities 2014: $199,727,291Net Assets 2014: $1,182,984,7262014Assets 2015: $1,394,826,856Liabilities 2015: $207,496,632Net Assets 2015: $1,187,330,2242015Assets 2016: $1,364,549,139Liabilities 2016: $203,545,360Net Assets 2016: $1,161,003,7792016Assets 2017: $1,466,532,663Liabilities 2017: $200,014,991Net Assets 2017: $1,266,517,6722017Assets 2018: $1,577,019,726Liabilities 2018: $203,255,659Net Assets 2018: $1,373,764,0672018Assets 2019: $1,623,486,435Liabilities 2019: $211,177,700Net Assets 2019: $1,412,308,7352019Assets 2020: $1,634,666,152Liabilities 2020: $205,022,683Net Assets 2020: $1,429,643,4692020Assets 2021: $1,957,778,755Liabilities 2021: $207,598,050Net Assets 2021: $1,750,180,7052021Assets 2022: $1,868,875,809Liabilities 2022: $208,933,808Net Assets 2022: $1,659,942,0012022Assets 2023: $1,911,522,647Liabilities 2023: $206,135,384Net Assets 2023: $1,705,387,2632023Assets 2024: $2,008,258,462Liabilities 2024: $212,115,262Net Assets 2024: $1,796,143,2002024

Highlighted filing

2013

Assets$1,208,400,446
Liabilities$140,724,187
Net Assets$1,067,676,259

Operations Trend

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

$300M$200M$100M$0Expenses 2010: $98,309,3862010Revenue 2011: $136,239,903Expenses 2011: $103,107,773Net Income 2011: $33,132,1302011Revenue 2012: $136,516,115Expenses 2012: $106,712,569Net Income 2012: $29,803,5462012Revenue 2013: $146,557,499Expenses 2013: $107,245,065Net Income 2013: $39,312,4342013Revenue 2014: $147,680,386Expenses 2014: $110,037,862Net Income 2014: $37,642,5242014Revenue 2015: $150,182,242Expenses 2015: $118,798,350Net Income 2015: $31,383,8922015Revenue 2016: $148,126,618Expenses 2016: $120,971,391Net Income 2016: $27,155,2272016Revenue 2017: $169,589,125Expenses 2017: $128,864,251Net Income 2017: $40,724,8742017Revenue 2018: $191,983,200Expenses 2018: $131,738,933Net Income 2018: $60,244,2672018Revenue 2019: $212,597,502Expenses 2019: $138,162,537Net Income 2019: $74,434,9652019Revenue 2020: $233,355,240Expenses 2020: $131,672,513Net Income 2020: $101,682,7272020Revenue 2021: $191,095,685Expenses 2021: $129,086,973Net Income 2021: $62,008,7122021Revenue 2022: $241,100,696Expenses 2022: $142,673,387Net Income 2022: $98,427,3092022Revenue 2023: $186,768,593Expenses 2023: $150,737,144Net Income 2023: $36,031,4492023Revenue 2024: $207,899,000Expenses 2024: $161,869,538Net Income 2024: $46,029,4622024

Highlighted filing

2013

Revenue$146,557,499
Expenses$107,245,065
Net Income$39,312,434
Jump To
Filing Snapshot
Filing Period
Jul 1, 2012 to Jun 30, 2013
Signed
May 9, 2014
Return Version
2012v2.3
Gross Receipts
$318,259,544
Mission and Program Overview

Major Activities

Activity 2
Education, 550 students - summer session: the summer session offers its students five weeks of intensive academic and personal growth. It encompasses demanding classes, recreational afternoon activities, engaging trips to colleges, social and cultural opportunities, and welcoming dormitories that prepare students for collegiate residential life in an environment designed for their age group. In keeping with one of the academy's ideals "to be a private school with a public purpose", summer session strives yearly to increase its financial aid budget in order to offer the experience to ever more qualified and deserving applicants. Summer session also works cooperatively with other programs such as minds matter, the jack kent cooke foundation, memphis prep, wight scholars, and others to identify scholars "from every quarter". Finally, summer session provides the umbrella for the other outreach programs that populate the campus during the summer, making sure that their physical and residential needs are met.
Activity 3
Education, 112 students - math and science for minority students (ms) 2: (ms) 2, founded in 1977, offers african american, latino and native american public school students from targeted cities across the united states the opportunity to immerse themselves in the study of mathematics and science for three consecutive summers at phillips academy. The program is free to all students accepted and includes travel to and from andover. Students begin the program the summer following 9th grade; therefore, they must be in 9th grade when they apply. The program provides the scholars with rigorous challenges in order to prepare them better for college and careers in engineering, science, medicine, computers and other technical fields.
Filing and Contact Details

Filer

EIN
04-2103579
Raw XML AppendixShowing 400 of 1,329 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Activity2/Description0EDUCATION, 550 STUDENTS - SUMMER SESSION: THE SUMMER SESSION OFFERS ITS STUDENTS FIVE WEEKS OF INTENSIVE ACADEMIC AND PERSONAL GROWTH. IT ENCOMPASSES DEMANDING CLASSES, RECREATIONAL AFTERNOON ACTIVITIES, ENGAGING TRIPS TO COLLEGES, SOCIAL AND CULTURAL OPPORTUNITIES, AND WELCOMING DORMITORIES THAT PREPARE STUDENTS FOR COLLEGIATE RESIDENTIAL LIFE IN AN ENVIRONMENT DESIGNED FOR THEIR AGE GROUP. IN KEEPING WITH ONE OF THE ACADEMY'S IDEALS "TO BE A PRIVATE SCHOOL WITH A PUBLIC PURPOSE", SUMMER SESSION STRIVES YEARLY TO INCREASE ITS FINANCIAL AID BUDGET IN ORDER TO OFFER THE EXPERIENCE TO EVER MORE QUALIFIED AND DESERVING APPLICANTS. SUMMER SESSION ALSO WORKS COOPERATIVELY WITH OTHER PROGRAMS SUCH AS MINDS MATTER, THE JACK KENT COOKE FOUNDATION, MEMPHIS PREP, WIGHT SCHOLARS, AND OTHERS TO IDENTIFY SCHOLARS "FROM EVERY QUARTER". FINALLY, SUMMER SESSION PROVIDES THE UMBRELLA FOR THE OTHER OUTREACH PROGRAMS THAT POPULATE THE CAMPUS DURING THE SUMMER, MAKING SURE THAT THEIR PHYSICAL AND RESIDENTIAL NEEDS ARE MET.
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IRS990/Description0EDUCATION, 1,142 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 UNDERSTAND THAT "GOODNESS WITHOUT KNOWLEDGE IS WEAK...YET KNOWLEDGE WITHOUT GOODNESS IS DANGEROUS." 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.
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IRS990/Form990PartVIISectionA/Title0HEAD SCHL/TRUST
IRS990/Form990PartVIISectionA/Title1TRUSTEE
IRS990/Form990PartVIISectionA/Title2TRUSTEE
IRS990/Form990PartVIISectionA/Title3TRUSTEE, PRESIDENT
IRS990/Form990PartVIISectionA/Title4TRUSTEE
IRS990/Form990PartVIISectionA/Title5TRUSTEE
IRS990/Form990PartVIISectionA/Title6TRUSTEE
IRS990/Form990PartVIISectionA/Title7TRUSTEE, TREASURER
IRS990/Form990PartVIISectionA/Title8TRUSTEE
IRS990/Form990PartVIISectionA/Title9TRUSTEE
IRS990/Form990PartVIISectionA/Title10TRUSTEE
IRS990/Form990PartVIISectionA/Title11TRUSTEE
IRS990/Form990PartVIISectionA/Title12TRUSTEE
IRS990/Form990PartVIISectionA/Title13TRUSTEE
IRS990/Form990PartVIISectionA/Title14TRUSTEE
IRS990/Form990PartVIISectionA/Title15TRUSTEE
IRS990/Form990PartVIISectionA/Title16ALUMNI TRUSTEE
IRS990/Form990PartVIISectionA/Title17ALUMNI TRUSTEE
IRS990/Form990PartVIISectionA/Title18ALUMNI TRUSTEE
IRS990/Form990PartVIISectionA/Title19ALUMNI TRUSTEE
IRS990/Form990PartVIISectionA/Title20ALUMNI TRUSTEE
IRS990/Form990PartVIISectionA/Title21ALUMNI TRUSTEE
IRS990/Form990PartVIISectionA/Title22CHIEF OPERATING & FIN OFFICER
IRS990/Form990PartVIISectionA/Title23CHIEF INVEST. OFFICER
IRS990/Form990PartVIISectionA/Title24SECRETARY OF THE ACADEMY
IRS990/Form990PartVIISectionA/Title25ASST. HEAD/DEAN OF FACULTY
IRS990/Form990PartVIISectionA/Title26ASSOC. HEAD OF SCHOOL
IRS990/Form990PartVIISectionA/Title27DIR ADDISON GALLRY OF AMER ART
IRS990/Form990PartVIISectionA/Title28SENIOR PHILANTHROPIC OFFICER
IRS990/Form990PartVIISectionA/Title29DIRECTOR OF GIFT PLANNING
IRS990/Form990PartVIISectionA/Title30DIRECTOR OF DEVELOPMENT
IRS990/Form990PartVIISectionA/Title31DIRECTOR OF INVESTMENTS
IRS990/Form990PartVIISectionA/Title32FMR. HEAD OF SCH.(Ret.6.30.12)
IRS990/Form990PartVIISectionA/Title33FORMER DEAN OF ADMISSION
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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$2,008$212$1,796$208$162$46.0
2023Detailed filing. Detailed filing data is available for this year.$1,912$206$1,705$187$151$36.0
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1,869$209$1,660$241$143$98.4
2021Detailed filing. Detailed filing data is available for this year.$1,958$208$1,750$191$129$62.0
2020Detailed filing. Detailed filing data is available for this year.$1,635$205$1,430$233$132$102
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1,623$211$1,412$213$138$74.4
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1,577$203$1,374$192$132$60.2
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1,467$200$1,267$170$129$40.7
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1,365$204$1,161$148$121$27.2
2015Detailed filing. Detailed filing data is available for this year.$1,395$207$1,187$150$119$31.4
2014Detailed filing. Detailed filing data is available for this year.$1,383$200$1,183$148$110$37.6
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1,208$141$1,068$147$107$39.3
2012Summary only. Only limited summary data is available for this year.$1,121$147$974$137$107$29.8
2011Summary only. Only limited summary data is available for this year.$1,131$140$991$136$103$33.1
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1,016$146$870$98.3