Civic Intelligence

Shady Hill School

EIN 04-2103628 • 501(c)3 • Cambridge, MA

Profile

See mission statement on schedule o.

Refreshing map…

178 Coolidge HillCambridge, MA 02138

www.shs.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

41st percentile

0.19x

Higher debt load relative to assets than 41% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Source year 2025

Liabilities / Revenue

66th percentile

0.71x

Higher debt load relative to revenue than 66% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Source year 2025

Net Margin

64th percentile

10%

Higher net margin than 64% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Source year 2025

Top Officer Pay

64th percentile

$645,615

Higher top officer pay than 64% of similar nonprofits.

Top officer pay equals 1.8% of source-year revenue.

501(c)3 • $100M-$250M nonprofits • Source year 2025

Asset Growth

60th percentile

8.3%

Faster asset growth than 60% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Annualized from 2024 to 2025

Revenue Growth

24th percentile

-1.2%

Faster revenue growth than 24% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Annualized from 2024 to 2025

Assets

Up

$137,661,674

Up $10,539,327 (+8.3%) from 2024

Liabilities

Up

$25,643,090

Up $820,803 (+3.3%) from 2024

Net Assets

Up

$112,018,584

Up $9,718,524 (+9.5%) from 2024

Revenue

Down

$35,865,573

Down $443,085 (-1.2%) from 2024

Expenses

Up

$32,167,210

Up $1,270,348 (+4.1%) from 2024

Net Income

Down

$3,698,363

Down $1,713,433 (-32%) from 2024

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$150M$100M$50M$0Assets 2011: $93,142,227Liabilities 2011: $34,655,903Net Assets 2011: $58,486,3242011Assets 2012: $89,383,677Liabilities 2012: $32,553,391Net Assets 2012: $56,830,2862012Assets 2013: $94,190,465Liabilities 2013: $33,227,653Net Assets 2013: $60,962,8122013Assets 2014: $97,929,236Liabilities 2014: $32,537,527Net Assets 2014: $65,391,7092014Assets 2015: $98,897,904Liabilities 2015: $31,956,175Net Assets 2015: $66,941,7292015Assets 2016: $98,494,091Liabilities 2016: $31,134,326Net Assets 2016: $67,359,7652016Assets 2017: $105,638,010Liabilities 2017: $31,395,092Net Assets 2017: $74,242,9182017Assets 2018: $108,648,884Liabilities 2018: $31,332,721Net Assets 2018: $77,316,1632018Assets 2019: $111,104,639Liabilities 2019: $31,651,947Net Assets 2019: $79,452,6922019Assets 2020: $112,818,120Liabilities 2020: $30,531,684Net Assets 2020: $82,286,4362020Assets 2021: $127,308,755Liabilities 2021: $31,712,469Net Assets 2021: $95,596,2862021Assets 2022: $107,959,883Liabilities 2022: $25,456,200Net Assets 2022: $82,503,6832022Assets 2023: $118,976,902Liabilities 2023: $25,441,473Net Assets 2023: $93,535,4292023Assets 2024: $127,122,347Liabilities 2024: $24,822,287Net Assets 2024: $102,300,0602024Assets 2025: $137,661,674Liabilities 2025: $25,643,090Net Assets 2025: $112,018,5842025

Highlighted filing

2025

Assets$137,661,674
Liabilities$25,643,090
Net Assets$112,018,584

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$40M$30M$20M$10M$0-$10MExpenses 2011: $16,796,2572011Expenses 2012: $18,461,9942012Revenue 2013: $19,067,728Expenses 2013: $19,673,889Net Income 2013: -$606,1612013Revenue 2014: $20,774,467Expenses 2014: $20,719,987Net Income 2014: $54,4802014Revenue 2015: $22,572,174Expenses 2015: $21,503,260Net Income 2015: $1,068,9142015Revenue 2016: $25,056,562Expenses 2016: $22,501,950Net Income 2016: $2,554,6122016Revenue 2017: $23,694,012Expenses 2017: $22,718,946Net Income 2017: $975,0662017Revenue 2018: $23,354,352Expenses 2018: $24,002,953Net Income 2018: -$648,6012018Revenue 2019: $24,996,124Expenses 2019: $24,257,200Net Income 2019: $738,9242019Revenue 2020: $25,213,619Expenses 2020: $25,035,991Net Income 2020: $177,6282020Revenue 2021: $27,496,030Expenses 2021: $27,502,601Net Income 2021: -$6,5712021Revenue 2022: $31,295,266Expenses 2022: $27,928,556Net Income 2022: $3,366,7102022Revenue 2023: $33,676,899Expenses 2023: $27,927,581Net Income 2023: $5,749,3182023Revenue 2024: $36,308,658Expenses 2024: $30,896,862Net Income 2024: $5,411,7962024Revenue 2025: $35,865,573Expenses 2025: $32,167,210Net Income 2025: $3,698,3632025

Highlighted filing

2025

Revenue$35,865,573
Expenses$32,167,210
Net Income$3,698,363

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$138$25.6$112$35.9$32.2$3.70
2024Detailed filing. Detailed filing data is available for this year.$127$24.8$102$36.3$30.9$5.41
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$119$25.4$93.5$33.7$27.9$5.75
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$108$25.5$82.5$31.3$27.9$3.37
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$127$31.7$95.6$27.5$27.5$0.01
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$113$30.5$82.3$25.2$25.0$0.18
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$111$31.7$79.5$25.0$24.3$0.74
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$109$31.3$77.3$23.4$24.0$0.65
2017Detailed filing. Detailed filing data is available for this year.$106$31.4$74.2$23.7$22.7$0.98
2016Detailed filing. Detailed filing data is available for this year.$98.5$31.1$67.4$25.1$22.5$2.55
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$98.9$32.0$66.9$22.6$21.5$1.07
2014Detailed filing. Detailed filing data is available for this year.$97.9$32.5$65.4$20.8$20.7$0.05
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$94.2$33.2$61.0$19.1$19.7$0.61
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$89.4$32.6$56.8$18.5
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$93.1$34.7$58.5$16.8
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2024 to Jun 30, 2025
Signed
Nov 11, 2025
Return Version
2024v5.2
Gross Receipts
$44,360,665
Mission and Program Overview

Mission

See mission statement on schedule o.

SEE SCHEDULE O

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$38,409,784$45,982,179▲ $7,572,395
Land, Buildings, and Equipment, Net$43,756,868$42,345,922▼ $1,410,946
Investments Other Securities$30,604,159$31,440,990▲ $836,831
Savings and Temporary Cash Investments$12,070,053$15,503,459▲ $3,433,406
Pledges and Grants Receivable$306,095$899,838▲ $593,743
Accounts Receivable$1,030,491$854,000▼ $176,491
Prepaid Expenses and Deferred Charges$494,497$634,886▲ $140,389
Cash and Non-Interest-Bearing Accounts$400$400→ $0
Total Assets$127,122,347$137,661,674▲ $10,539,327
Other Assets Total$450,000$0▼ $450,000
Liabilities
Tax Exempt Bond Liabilities$18,880,000$18,140,000▼ $740,000
Deferred Revenue$3,590,199$4,906,527▲ $1,316,328
Accounts Payable and Accrued Expenses$1,926,077$2,177,319▲ $251,242
Other Liabilities$426,011$419,244▼ $6,767
Total Liabilities$24,822,287$25,643,090▲ $820,803
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$82,934,215$89,655,543▲ $6,721,328
Net Assets With Donor Restrictions$19,365,845$22,363,041▲ $2,997,196
Total Net Assets Fund Balance$102,300,060$112,018,584▲ $9,718,524
Total Liabilities and Net Assets / Fund Balance$127,122,347$137,661,674▲ $10,539,327

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$36,545,970$25,465,466$62,011,436
Equipment$5,166,120$6,642,121$11,808,241
Other Land Buildings$576,134$1,753,258$2,329,392
Land$57,698-$57,698
Other Securities$31,440,990--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2024$70,616,220$301,608▲ $9,449,605$2,777,236$77,590,197
2023$62,902,118$516,630▲ $9,991,302$2,793,830$70,616,220
2022$56,939,673$1,899,019▲ $6,676,347$2,612,921$62,902,118
2021$70,672,935$819,299▼ $12,429,243$2,123,318$56,939,673
2020$56,391,772$485,285▲ $15,849,854$2,053,976$70,672,935
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Mark StanekTRUSTEE; HEAD OF SCHOOLFT$555,736$89,879$645,615
Maureen NunezCFO / COOFT$341,697$31,878$373,575
Daryl WrightAsst Head of SchoolFT$273,127$45,506$318,633
Dominic MarchioDirector of FacilitiesFT$160,252$43,043$203,295
Vincent QuirkControllerFT$159,243$43,686$202,929
Betsy GinsbergDirector of Dev & Alumni RelFT$159,611$41,180$200,791
Cynthia DobeChief Information OfficerFT$151,180$25,808$176,988
Desiree Humphries IveyExec Director, TtcFT$138,554$35,084$173,638
Katherine HeskoTRUSTEE; DEAN OF FACULTYFT$101,146$37,891$139,037
Tamyko MorrisTRUSTEE; GRADEHEADFT$98,773$19,932$118,705
Sarah WassermanTRUSTEE; ADMISSION CONSULTANT-$4,415-$4,415

Board Members and Trustees

NameTitle
Alyssa HaywoodeBoard Chair
Caleb WilliamsTRUSTEE; CHAIR PARENTS COUNCIL
Devereaux McclatcheyTrustee
Kafi HarringtonTrustee
Kim HenryTrustee
Lidiane JonesTrustee
Lisa CaseTrustee
Matt OgdenTrustee
Melissa McgaugheyTrustee
Pratt WileyTrustee
Rodrigo VerdiTrustee
Sarah BakerTrustee
Satu ParikhTrustee
Sherri EttingerTrustee
Zara CooperTrustee
Kate SutliffClerk
Jeita Phillips DengTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Cbiz Advisors LLCAudit & Tax ServicesONE CITIZENS PLAZA 9TH FL, Providence, RI 02903$121,764
Blue Lan Group INCIt Consultants15 LINCOLN ST 363, Wakefield, MA 01880$119,859
Schwartz Hannum PCLegal Services11 CHESTNUT STREET, Andover, MA 01810$114,254
Revenue and Support

Revenue Composition

Contributions and Grants
$3,259,466
Program Service Revenue
$27,344,375
Investment Income
$4,982,345
Other Revenue
$279,387
All Other Contributions
$3,259,466
Change in Net Assets
$3,698,363

Audited Revenue Reconciliation

Revenue per Audited Statements
$31,608,607
Revenue Not Reported on Financial Statements
$4,256,966
Revenue Not Reported on Form 990
$6,020,161
Other Revenue Adjustments
$4,256,966
Total Revenue per Audited Statements
$37,628,768
Total Revenue per Form 990
$35,865,573
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$16,615,783
Other Expenses$11,326,425
Grants and Similar Amounts Paid$4,225,002
Total Fundraising Expense$1,030,265
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$9,790,295$1,155,576$412,747$11,358,618
Grants to Domestic Individuals$4,225,002--$4,225,002
Office Expenses$2,183,918$855,708$207,171$3,246,797
Depreciation Depletion$2,001,261$560,353$20,658$2,582,272
Occupancy$1,572,486$439,310$16,100$2,027,896
Other Employee Benefits$1,550,662$276,545$99,745$1,926,952
Current Officers, Directors, Trustees, and Key Employees$309,320$1,048,173$127,790$1,485,283
Payroll Taxes$889,439$132,893$28,355$1,050,687
Information Technology$802,300-$40,674$842,974
Fees for Service Investment Mgmnt Fees-$837,893-$837,893
Pension Plan Contributions$761,254$23,214$9,775$794,243
Interest$447,046--$447,046
All Other Expenses$57,894$159,837$39,064$256,795
Insurance$196,875$55,003$2,124$254,002
Fees for Services Legal-$188,904-$188,904
Fees for Services Accounting-$114,506-$114,506
Other Expenses$109,463$14,775$3,728$109,463
Fees for Services Other-$28,756$10,957$39,713
Travel$2,052--$2,052
Advertising$314--$314
Total Functional Expenses$25,245,249$5,891,696$1,030,265$32,167,210

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$32,167,210
Expenses per Audited Statements$27,910,244
Total Expenses per Audited Statements$27,910,244
Expenses Not Reported on Financial Statements$4,256,966
Other Expense Adjustments$4,256,966
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$68,473
Fundraising Direct Expenses$16,161
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Shady Hill Fair$68,473$68,473-$68,473
Total Events$68,473$68,473$16,162$52,311
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Other Liabilities$232,703
Deferred Rental Income$119,550
Provision for Unemp Comp$62,669
Split Interest Agreement - Charitable Gift Annuities$4,322

Bond Issues

BondIssuerIssuedIssue PricePurpose
AMassachusetts Development Finance Agency2020-04-30$21,640,000DEBT REFINANCING

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$21,640,000$21,640,000$3,500,000-

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
Yes
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
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

The members of the organization, as stated in the bylaws, are each parent or legal guardian of the children enrolled as full-time students in shady hill school. The members elect not more than nineteen members of the board of trustees.

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

The members of the organization, as stated in the bylaws, are each parent or legal guardian of the children enrolled as full-time students in shady hill school. The members elect not more than nineteen board of trustees.

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

The form 990 is presented and discussed via conference call about a week before filing. The audit committee reviewed and discussed it at this time. It is also posted to the school's internal website for review by all board members during the same time frame.

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

The board of trustees and officers of the organization are asked to fill out a conflict of interest statement annually. If an actual or potential conflict of interest exists, the interested person reports the conflict to the audit committee. The audit committee evaluates the severity of the transaction and the need to report the conflict to the executive committee of the board. If the conflict rises to the level of reporting, the audit committee will report the transaction to the board.

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

There is an executive compensation committee of the board which reviews the compensation package of the head of school when the contract is periodically reviewed. The committee uses comparable data and consultants when necessary.

Form 990, Part VI, Section C, Line 19

Shady hill school makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Shady Hill School
EIN
04-2103628
Phone
6175205260
Address
178 COOLIDGE HILL, CAMBRIDGE, MA 02138

Signing Officer

Name
Maureen Nunez
Title
CFO & COO
Phone
6175205216
Signed
2025-11-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Mark Stanek
Formed
1915
Legal Domicile
Ma
Voting Board Members
21
Independent Board Members
18
Employees
278
Volunteers
100

Preparer

Firm
Cbiz Advisors LLC
Address
ONE CITIZENS PLAZA 9TH FLOOR, PROVIDENCE, RI 02903
Preparer
John T Wilmot
Phone
4016263200
Supplemental Narrative

Additional Explanations

Form 990, Part I, Line 1 - Mission Statement

Shady hill school is a private, pre-k through grade 8, co-educational day school located on 11 acres in cambridge, massachusetts. The campus contains academic, athletic and administration buildings including a new steam building and makerspace in addition to playgrounds and playing fields. Total enrollment is approximately 530 students. Shady hill school fosters joyful, active learning informed by multiple perspectives - empowering students to be intellectually adventurous and wholeheartedly just. We believe: play and discovery are central to every child's growth and true exploration takes time; the purpose of knowledge is to create meaning, develop understanding, and inspire action; growing up is a nuanced process and mistakes are catalysts for deeper learning and progress; a strong, interdependent community is the framework for academic confidence and social and emotional health; practicing genuine kindness towards oneself and others helps build a compassionate world; we have a responsibility as individuals and as a community to honor difference, challenge prejudice, and strive for racial and social justice.

Form 990, Part XII, Line 2C

The process has not changed from the previous year.

Financial Statement Notes

PART X, LINE 2:

The school accounts for the effect of any uncertain tax positions based on a "more likely than not" threshold to the recognition of the tax positions being sustained based on the technical merits of the position under scrutiny by the applicable taxing authority. If a tax position or positions are deemed to result in uncertainties of those positions, the unrecognized tax benefit is estimated based on a "cumulative probability assessment" that aggregates the estimated tax liability for all uncertain tax positions. The school has identified its tax status as a tax exempt entity as its only significant tax position; however, the school has determined that such tax position does not result in an uncertainty requiring recognition. The school is not currently under examination by any taxing jurisdiction. The school's federal and state tax returns are generally open for examination for three years following the date filed.

PART XI, LINE 4B - OTHER ADJUSTMENTS:

Financial aid 4,225,002. Special events indirect expenses 31,964.

PART XII, LINE 4B - OTHER ADJUSTMENTS:

Financial aid 4,225,002. Special events indirect expenses 31,964.

Raw XML AppendixShowing 400 of 940 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/Desc0INSTRUCTIONAL - SHADY HILL SCHOOL FOSTERS JOYFUL, ACTIVE LEARNING INFORMED BY MULTIPLE PERSPECTIVES--EMPOWERING STUDENTS TO BE INTELLECTUALLY ADVENTUROUS AND WHOLEHEARTEDLY JUST.
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