Civic Intelligence

The Trustees of the Cushing Academy

990 • Fiscal year 2015 • EIN 04-2104048

Jul 01, 2014 to Jun 30, 2015 • Filed on Apr 27, 2016

39 School StreetAshburnham, MA 01430

(978) 827-5911

Siviq Scores

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

Liabilities / Assets

54th percentile

0.36x

Higher debt load relative to assets than 54% of similar nonprofits.

2015 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2015

Liabilities / Revenue

77th percentile

1.29x

Higher debt load relative to revenue than 77% of similar nonprofits.

2015 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2015

Net Margin

17th percentile

-4.8%

Higher net margin than 17% of similar nonprofits.

2015 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2015

Top Officer Pay

36th percentile

$357,643

Higher top officer pay than 36% of similar nonprofits.

Top officer pay equals 1.3% of source-year revenue.

2015 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2015

Asset Growth

36th percentile

-0.6%

Faster asset growth than 36% of similar nonprofits.

2015 filings • 501(c)3 • $100M-$250M nonprofits • Annualized from 2014 to 2015

Revenue Growth

9th percentile

-25%

Faster revenue growth than 9% of similar nonprofits.

2015 filings • 501(c)3 • $100M-$250M nonprofits • Annualized from 2014 to 2015

Assets

Down

$101,018,276

Down $598,728 (-0.6%) from 2014

Net Assets

Down

$64,757,563

Down $625,246 (-1.0%) from 2014

Liabilities

Up

$36,260,713

Up $26,518 (+0.1%) from 2014

Revenue

Down

$28,187,373

Down $9,624,215 (-25%) from 2014

Expenses

Down

$29,526,617

Down $822,167 (-2.7%) from 2014

Net Income

Down

-$1,339,244

Down $8,802,048 (-118%) from 2014

Historical Trend

Balance Sheet Trend

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

$300M$200M$100M$0Assets 2010: $84,298,125Liabilities 2010: $38,910,365Net Assets 2010: $45,387,7602010Assets 2011: $88,621,134Liabilities 2011: $38,537,650Net Assets 2011: $50,083,4842011Assets 2012: $87,038,279Liabilities 2012: $39,529,417Net Assets 2012: $47,508,8622012Assets 2013: $91,169,121Liabilities 2013: $38,234,119Net Assets 2013: $52,935,0022013Assets 2014: $101,617,004Liabilities 2014: $36,234,195Net Assets 2014: $65,382,8092014Assets 2015: $101,018,276Liabilities 2015: $36,260,713Net Assets 2015: $64,757,5632015Assets 2016: $104,759,226Liabilities 2016: $36,480,582Net Assets 2016: $68,278,6442016Assets 2017: $161,596,412Liabilities 2017: $40,204,763Net Assets 2017: $121,391,6492017Assets 2018: $164,335,375Liabilities 2018: $40,498,923Net Assets 2018: $123,836,4522018Assets 2019: $193,931,346Liabilities 2019: $37,865,401Net Assets 2019: $156,065,9452019Assets 2020: $200,657,323Liabilities 2020: $39,343,896Net Assets 2020: $161,313,4272020Assets 2021: $208,929,433Liabilities 2021: $35,789,636Net Assets 2021: $173,139,7972021Assets 2022: $228,695,316Liabilities 2022: $39,458,316Net Assets 2022: $189,237,0002022Assets 2023: $237,291,058Liabilities 2023: $40,277,716Net Assets 2023: $197,013,3422023Assets 2024: $248,517,302Liabilities 2024: $41,048,184Net Assets 2024: $207,469,1182024

Highlighted filing

2015

Assets$101,018,276
Liabilities$36,260,713
Net Assets$64,757,563

Operations Trend

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

$100M$50M$0-$50MExpenses 2010: $26,426,7022010Expenses 2011: $28,379,6752011Expenses 2012: $29,465,5302012Revenue 2013: $32,006,168Expenses 2013: $31,181,462Net Income 2013: $824,7062013Revenue 2014: $37,811,588Expenses 2014: $30,348,784Net Income 2014: $7,462,8042014Revenue 2015: $28,187,373Expenses 2015: $29,526,617Net Income 2015: -$1,339,2442015Revenue 2016: $34,860,503Expenses 2016: $30,143,017Net Income 2016: $4,717,4862016Revenue 2017: $79,717,665Expenses 2017: $30,906,122Net Income 2017: $48,811,5432017Revenue 2018: $28,690,633Expenses 2018: $29,351,910Net Income 2018: -$661,2772018Revenue 2019: $62,286,394Expenses 2019: $31,016,873Net Income 2019: $31,269,5212019Revenue 2020: $36,631,164Expenses 2020: $32,031,668Net Income 2020: $4,599,4962020Revenue 2021: $29,223,028Expenses 2021: $29,143,479Net Income 2021: $79,5492021Revenue 2022: $55,161,212Expenses 2022: $32,127,639Net Income 2022: $23,033,5732022Revenue 2023: $35,445,100Expenses 2023: $33,145,504Net Income 2023: $2,299,5962023Revenue 2024: $37,294,989Expenses 2024: $34,623,042Net Income 2024: $2,671,9472024

Highlighted filing

2015

Revenue$28,187,373
Expenses$29,526,617
Net Income-$1,339,244
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
Apr 27, 2016
Return Version
2014v6.0
Gross Receipts
$29,486,127
Mission and Program Overview

Mission

Cushing academy, founded as a coeducational boarding school in 1865, exists for students, their academic growth and their personal development. We are dedicated to educating the mind, shaping the character, and nurturing the creativity of young men and women. In a community that is academically and culturally diverse, we challenge each individual, support excellence in every aspect of the learning process, and promote active participation in all areas of life and learning. We offer a demanding college preparatory curriculum, teach skills that build confidence, and instill values that endure. Cushing academy exists for students and develops curious, creative, and confident learners and leaders.

Independent college preparatory secondary school

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$43,300,456$44,252,808▲ $952,352
Investments Other Securities$37,666,909$37,676,936▲ $10,027
Cash and Non-Interest-Bearing Accounts$13,715,248$11,297,168▼ $2,418,080
Savings and Temporary Cash Investments$799,326$1,815,123▲ $1,015,797
Accounts Receivable$799,775$773,112▼ $26,663
Prepaid Expenses and Deferred Charges$645,300$717,191▲ $71,891
Pledges and Grants Receivable$448,332$691,690▲ $243,358
Inventories for Sale or Use$31,589$39,781▲ $8,192
Total Assets$101,617,004$101,018,276▼ $598,728
Other Assets Total$4,210,069$3,754,467▼ $455,602
Liabilities
Tax Exempt Bond Liabilities$22,025,000$21,355,000▼ $670,000
Deferred Revenue$9,720,961$10,068,514▲ $347,553
Other Liabilities$3,331,720$3,099,014▼ $232,706
Accounts Payable and Accrued Expenses$1,154,514$1,738,185▲ $583,671
Mortgage Notes Payable Secured by Investment Property$2,000--
Total Liabilities$36,234,195$36,260,713▲ $26,518
Net Assets / Fund Balance
Permanently Rstr Net Assets$32,220,809$32,502,193▲ $281,384
Unrestricted Net Assets$18,117,455$18,877,551▲ $760,096
Temporarily Rstr Net Assets$15,044,545$13,377,819▼ $1,666,726
Total Net Assets Fund Balance$65,382,809$64,757,563▼ $625,246
Total Liabilities and Net Assets / Fund Balance$101,617,004$101,018,276▼ $598,728

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$31,595,025$25,052,138$56,647,163
Equipment$2,442,220$11,531,058$13,973,278
Land$8,008,869-$8,008,869
Other Land Buildings$2,206,694-$2,206,694
Other Securities$18,382--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2014$44,461,699$282,123▲ $1,240,238$861,000$42,258,211
2013$32,658,724$9,157,984▲ $5,390,254$2,745,263$44,461,699
2012$28,556,408$1,848,461▲ $4,021,918$1,768,063$32,658,724
2011$29,193,521$1,831,481▼ $289,756$2,178,838$28,556,408
2010$24,805,849$1,830,661▲ $4,389,838$1,832,827$29,193,521
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Christopher TorinoHeadmasterFT$294,463$63,180$357,643
Catherine PollockAssistant Head of SchoolFT$211,995$22,648$234,643
Joseph McpeakCFOFT$173,177$30,889$204,066
John MoylanDirector of Plant and PropertyFT$120,269$34,220$154,489
CAITLIN O'BRIENDevelopment DirectorFT$120,758$29,717$150,475
Susan CarlisleDean of AcademicsFT$112,891$31,943$144,834
Margaret LeeDirector of Summer ProgramsFT$117,009$24,410$141,419
Mellanie ConnorsDean of Enrollment ServicesFT$108,964$20,648$129,612

Board Members and Trustees

NameTitle
Richard J HarringtonPresident/trustee
Jeremy a DuffyVice President/trustee
Scott D WhitneyTreasurer/trustee
Douglas R DubielTrustee
Ibradley HoffmanTrustee
Kristen Kelly FisherTrustee
M Elizabeth AckersTrustee
Marc a BinghamTrustee
Mark S CasadyTrustee
Melissa Irving ChristensenTrustee
Peter a SnyderTrustee
Robert a YoungTrustee
Vernon R TateTrustee
Theodore L IorioTrustee (until April 2015)
Joseph MarezilliTrustee (until July 2014)

Highest Paid Contractors

ContractorServicesLocationCompensation
Aramark CorporationDining Services2 PLEASURE ISLAND ROAD, Wakefield, MA 01880$2,786,143
Roy Bros Oil And PropaneHeating, Oil, Propane & Repair ServicesPO BOX 802, Ashburnham, MA 01430$836,938
Bargmann Hendrie & Archetype INCArchitect300 A STREET, Boston, MA 02210$578,166
Windover Construction INCConstruction66 CHERRY HILL DRIVE, Beverly, MA 01915$494,975
Csl ConsultingProject Manager - Construction30 NORTH AVE, Burlington, MA 01803$230,415
Revenue and Support

Revenue Composition

Contributions and Grants
$3,098,768
Program Service Revenue
$23,703,176
Investment Income
$778,526
Other Revenue
$606,903
All Other Contributions
$3,063,707
Change in Net Assets
$-1,339,244

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 Traded2$157,350Fair Market Value
Total Noncash Contributions2$157,350-

Audited Revenue Reconciliation

Revenue per Audited Statements
$28,609,791
Revenue Not Reported on Financial Statements
$-422,418
Revenue Not Reported on Form 990
$-3,764,709
Other Revenue Adjustments
$-422,418
Total Revenue per Audited Statements
$24,845,082
Total Revenue per Form 990
$28,187,373
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$12,867,925
Other Expenses$12,179,985
Grants and Similar Amounts Paid$4,478,707
Total Fundraising Expense$1,153,585
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$6,174,690$2,589,428$334,151$9,098,269
Grants to Domestic Individuals$4,478,707--$4,478,707
Occupancy$2,463,357$52,840-$2,516,197
Depreciation Depletion$2,039,535--$2,039,535
All Other Expenses$638,610$794,301-$1,432,911
Other Employee Benefits$792,081$522,790$115,364$1,430,235
Interest$910,359--$910,359
Current Officers, Directors, Trustees, and Key Employees-$690,850$130,466$821,316
Pension Plan Contributions$516,897$252,966$37,683$807,546
Payroll Taxes$454,501$222,799$33,259$710,559
Fees for Services Other$27,251$74,577$312,558$414,386
Travel$44,125$161,997$80,900$287,022
Information Technology$90,545$180,554$1,913$273,012
Fees for Services Legal-$265,450-$265,450
Insurance$173,231$57,744-$230,975
Other Expenses$215,664--$215,664
Advertising$990$114,807$73,591$189,388
Office Expenses$76,121$37,474$33,700$147,295
Fees for Service Investment Mgmnt Fees-$87,425-$87,425
Fees for Services Accounting-$82,154-$82,154
Total Functional Expenses$22,184,876$6,188,156$1,153,585$29,526,617

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$29,526,617
Total Expenses per Audited Statements$25,470,328
Expenses per Audited Statements$25,047,910
Expenses Not Reported on Financial Statements$4,478,707
Other Expense Adjustments$4,478,707
Expenses Not Reported on Form 990$422,418
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$50,885
Fundraising Direct Expenses$18,294
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Golf Outing$85,946$50,885-$50,885
Total Events$85,946$50,885$18,294$32,591
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
Yes
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Interest Rate Swap Agreement$2,952,582
Charitable Gift Annuity$146,432

Bond Issues

BondIssuerIssuedIssue PricePurpose
AMassachusetts Development Finance Agency2004-03-04$27,000,000Construction and/or renovations of buidlings

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$27,000,000-$5,645,000$675,000

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 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 B, Line 11

The final draft will be reviewed by the audit committee, a standing committee of the board of trustees. The committee will review the return in detail and make a presentation to the entire board of trustees. The return will then be filed in a timely basis.

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

Officers, key employees and all board members are required annually to complete an annual disclosure and conflict of interest form. If any conflict exists the board members and employees are not allowed input on issues that would raise the conflict of interest.

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

The board contracts with a consulting firm that reviews peer schools 990's, conducts surveys and reports their findings to the board. This formal process is undertaken periodically (last completed in march 2013). In the interim years the compensation committee (an ad hoc committee of the board) reviews peer schools 990's and other available data.

Form 990, Part VI, Section C, Line 19

The organization makes its governing documents, conflict of interest policy, form 990, and financial statements available to the public upon request for the same period of disclosure as set forth in section 6104(d). In addition the form 990 is available via guidestar and the massachusetts attorney general's website.

Filing and Contact Details

Filer

Filer Name
The Trustees of Cushing Academy
EIN
04-2104048
Phone
9788275911
Address
39 SCHOOL STREET, ASHBURNHAM, MA 01430
Doing Business As
Cushing Academy

Signing Officer

Name
Joseph Mcpeak
Title
CFO
Phone
9788275911
Signed
2016-04-27
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Christopher Torino
Formed
1865
Legal Domicile
Ma
Voting Board Members
14
Independent Board Members
14
Employees
249
Volunteers
100

Preparer

Firm
Rsm US Llp
Address
80 CITY SQUARE, BOSTON, MA 02129-3742
Preparer
Lynne Johnson
Phone
6179129000
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

Change in fair value of split interest agreement -739. Change in fair value of interest rate swap agreements 223,852.

Financial Statement Notes

PART V, LINE 4:

To provide financial grants/scholarships for qualifing students and to provide funding for general educational programs in accordance with donors directives.

PART X, LINE 2:

The academy follows fasb asc 740, "income taxes", which clarifies the accounting for uncertainty in income taxes by prescribing the recognition threshold a tax position is required to meet before being recognized in the financial statements. The academy recognizes a tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be sustained on examination by the taxing authorities. Management evaluated the academy's tax positions and concluded that the academy had no material uncertainties in income taxes as of june 30, 2015 and 2014. The academy is no longer subject to income tax examinations by the u.s., federal, state, or local tax authorities for fiscal years before 2012. The academy will account for interest and penalties related to uncertain tax positions, if any, as part of tax expense.

PART XI, LINE 2D - OTHER ADJUSTMENTS:

Financial aid netted with revenue on audited financial statements -4,478,707. Change in fair value of interest rate swap agreements 223,852. Change in fair value of split interest agreements -739.

PART XI, LINE 4B - OTHER ADJUSTMENTS:

Special events expense included in form 990, part viii, line 8b -18,294. Cost of goods sold reported on form 990, part viii, line 10b -404,124.

PART XII, LINE 2D - OTHER ADJUSTMENTS:

Special events expense included in form 990, part viii, line 8b 18,294. Cost of goods sold reported on form 990, part viii, line 10b 404,124.

PART XII, LINE 4B - OTHER ADJUSTMENTS:

Financial aid netted with revenue on audited financial statements 4,478,707.

Raw XML AppendixShowing 400 of 911 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/Desc0TRADITION, CHALLENGE AND EDUCATIONAL OPPORTUNITY FOR STUDENTS ACROSS THE COUNTRY AND AROUND THE WORLD IN WHICH TO EXPERIENCE GROWTH, SUPPORT AND SUCCESS THAT FLOURISH WITHIN THE COMMUNITY. CUSHING ACADEMY HAS 391 STUDENTS: 324 BOARD 67 DAYS. IN ADDITION, THE ACADEMY HAS 64 FULL TIME TEACHING FACULTIES.
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IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt082154
IRS990/FeesForServicesAccountingGrp/TotalAmt082154
IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt0265450
IRS990/FeesForServicesLegalGrp/TotalAmt0265450
IRS990/FeesForServicesOtherGrp/FundraisingAmt0312558
IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt074577
IRS990/FeesForServicesOtherGrp/ProgramServicesAmt027251
IRS990/FeesForServicesOtherGrp/TotalAmt0414386
IRS990/FeesForSrvcInvstMgmntFeesGrp/ManagementAndGeneralAmt087425
IRS990/FeesForSrvcInvstMgmntFeesGrp/TotalAmt087425
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt02.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt12.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt22.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt32.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt42.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt52.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt65.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt72.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt82.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt92.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt102.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt112.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt122.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt132.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt142.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1550.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1650.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1750.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1840.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1940.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt2040.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt2140.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt2240.00
IRS990/Form990PartVIISectionAGrp/HighestCompensatedEmployeeInd0X
IRS990/Form990PartVIISectionAGrp/HighestCompensatedEmployeeInd1X
IRS990/Form990PartVIISectionAGrp/HighestCompensatedEmployeeInd2X
IRS990/Form990PartVIISectionAGrp/HighestCompensatedEmployeeInd3X
IRS990/Form990PartVIISectionAGrp/HighestCompensatedEmployeeInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd8X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd9X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd10X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd11X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd12X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd13X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd14X
IRS990/Form990PartVIISectionAGrp/KeyEmployeeInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OfficerInd4X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt90
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt100
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt110
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt120
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt130
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt140
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1562940
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1630536
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1722201
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1831943
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1929630
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt2034013
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt2124410
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt2220648
IRS990/Form990PartVIISectionAGrp/PersonNm0M ELIZABETH ACKERS
IRS990/Form990PartVIISectionAGrp/PersonNm1MARC A BINGHAM
IRS990/Form990PartVIISectionAGrp/PersonNm2MELISSA IRVING CHRISTENSEN
IRS990/Form990PartVIISectionAGrp/PersonNm3DOUGLAS R DUBIEL
IRS990/Form990PartVIISectionAGrp/PersonNm4JEREMY A DUFFY
IRS990/Form990PartVIISectionAGrp/PersonNm5KRISTEN KELLY FISHER
IRS990/Form990PartVIISectionAGrp/PersonNm6RICHARD J HARRINGTON
IRS990/Form990PartVIISectionAGrp/PersonNm7IBRADLEY HOFFMAN
IRS990/Form990PartVIISectionAGrp/PersonNm8PETER A SNYDER
IRS990/Form990PartVIISectionAGrp/PersonNm9SCOTT D WHITNEY
IRS990/Form990PartVIISectionAGrp/PersonNm10ROBERT A YOUNG
IRS990/Form990PartVIISectionAGrp/PersonNm11MARK S CASADY
IRS990/Form990PartVIISectionAGrp/PersonNm12THEODORE L IORIO
IRS990/Form990PartVIISectionAGrp/PersonNm13JOSEPH MAREZILLI
IRS990/Form990PartVIISectionAGrp/PersonNm14VERNON R TATE
IRS990/Form990PartVIISectionAGrp/PersonNm15CHRISTOPHER TORINO
IRS990/Form990PartVIISectionAGrp/PersonNm16JOSEPH MCPEAK
IRS990/Form990PartVIISectionAGrp/PersonNm17CATHERINE POLLOCK
IRS990/Form990PartVIISectionAGrp/PersonNm18SUSAN CARLISLE
IRS990/Form990PartVIISectionAGrp/PersonNm19CAITLIN O'BRIEN
IRS990/Form990PartVIISectionAGrp/PersonNm20JOHN MOYLAN
IRS990/Form990PartVIISectionAGrp/PersonNm21MARGARET LEE
IRS990/Form990PartVIISectionAGrp/PersonNm22MELLANIE CONNORS
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt15294703
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt16173530
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt17212442
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt18112891
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt19120845
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20120476
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt21117009
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt22108964
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt160
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt170
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt180
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt190
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt200
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt210
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt220
IRS990/Form990PartVIISectionAGrp/TitleTxt0TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt1TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt2TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt3TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt4VICE PRESIDENT/TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt5TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt6PRESIDENT/TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt7TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt8TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt9TREASURER/TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt10TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt11TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt12TRUSTEE (UNTIL APRIL 2015)
IRS990/Form990PartVIISectionAGrp/TitleTxt13TRUSTEE (UNTIL JULY 2014)
IRS990/Form990PartVIISectionAGrp/TitleTxt14TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt15HEADMASTER
IRS990/Form990PartVIISectionAGrp/TitleTxt16CFO
IRS990/Form990PartVIISectionAGrp/TitleTxt17ASSISTANT HEAD OF SCHOOL
IRS990/Form990PartVIISectionAGrp/TitleTxt18DEAN OF ACADEMICS
IRS990/Form990PartVIISectionAGrp/TitleTxt19DEVELOPMENT DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt20DIRECTOR OF PLANT AND PROPERTY
IRS990/Form990PartVIISectionAGrp/TitleTxt21DIRECTOR OF SUMMER PROGRAMS
IRS990/Form990PartVIISectionAGrp/TitleTxt22DEAN OF ENROLLMENT SERVICES
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/Form990TFiledInd01
IRS990/FormationYr01865
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd01
IRS990/FundraisingAmt035061
IRS990/FundraisingDirectExpensesAmt018294
IRS990/FundraisingGrossIncomeAmt050885
IRS990/GainOrLossGrp/OtherAmt0-1650
IRS990/GainOrLossGrp/SecuritiesAmt0-3937
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt014
IRS990/GrantAmt04478707
IRS990/GrantsToDomesticIndividualsGrp/ProgramServicesAmt04478707
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt04478707
IRS990/GrantsToIndividualsInd01
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt0870749
IRS990/GrossReceiptsAmt029486127
IRS990/GrossSalesOfInventoryAmt0451424
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt014
IRS990/IndivRcvdGreaterThan100KCnt011
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InformationTechnologyGrp/FundraisingAmt01913
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt0180554
IRS990/InformationTechnologyGrp/ProgramServicesAmt090545
IRS990/InformationTechnologyGrp/TotalAmt0273012
IRS990/InsuranceGrp/ManagementAndGeneralAmt057744
IRS990/InsuranceGrp/ProgramServicesAmt0173231
IRS990/InsuranceGrp/TotalAmt0230975
IRS990/InterestGrp/ProgramServicesAmt0910359
IRS990/InterestGrp/TotalAmt0910359
IRS990/InventoriesForSaleOrUseGrp/BOYAmt031589
IRS990/InventoriesForSaleOrUseGrp/EOYAmt039781
IRS990/InvestmentIncomeGrp/ExclusionAmt0758899
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0784113
IRS990/InvestmentIncomeGrp/UnrelatedBusinessRevenueAmt025214
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt037666909
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt037676936
IRS990/InvestTaxExemptBondsInd00
IRS990/IRPDocumentCnt054
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt036583196
IRS990/LandBldgEquipBasisNetGrp/BOYAmt043300456
IRS990/LandBldgEquipBasisNetGrp/EOYAmt044252808
IRS990/LandBldgEquipCostOrOtherBssAmt080836004
IRS990/LegalDomicileStateCd0MA
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt01650
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt0874686
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd01
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MiscellaneousRevenueGrp/ExclusionAmt0136836
IRS990/MiscellaneousRevenueGrp/TotalRevenueColumnAmt0136836
IRS990/MissionDesc0CUSHING ACADEMY, FOUNDED AS A COEDUCATIONAL BOARDING SCHOOL IN 1865, EXISTS FOR STUDENTS, THEIR ACADEMIC GROWTH AND THEIR PERSONAL DEVELOPMENT. WE ARE DEDICATED TO EDUCATING THE MIND, SHAPING THE CHARACTER, AND NURTURING THE CREATIVITY OF YOUNG MEN AND WOMEN. IN A COMMUNITY THAT IS ACADEMICALLY AND CULTURALLY DIVERSE, WE CHALLENGE EACH INDIVIDUAL, SUPPORT EXCELLENCE IN EVERY ASPECT OF THE LEARNING PROCESS, AND PROMOTE ACTIVE PARTICIPATION IN ALL AREAS OF LIFE AND LEARNING. WE OFFER A DEMANDING COLLEGE PREPARATORY CURRICULUM, TEACH SKILLS THAT BUILD CONFIDENCE, AND INSTILL VALUES THAT ENDURE.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt02000
IRS990/NetAssetsOrFundBalancesBOYAmt065382809
IRS990/NetAssetsOrFundBalancesEOYAmt064757563
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0-5587
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0-5587
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt032591
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt032591
IRS990/NetIncomeOrLossGrp/ExclusionAmt056601
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt047300
IRS990/NetIncomeOrLossGrp/UnrelatedBusinessRevenueAmt0-9301
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0490885
IRS990/NoncashContributionsAmt0157350
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt052840
IRS990/OccupancyGrp/ProgramServicesAmt02463357
IRS990/OccupancyGrp/TotalAmt02516197
IRS990/OfficeExpensesGrp/FundraisingAmt033700
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt037474
IRS990/OfficeExpensesGrp/ProgramServicesAmt076121
IRS990/OfficeExpensesGrp/TotalAmt0147295
IRS990/OfficerMailingAddressInd00
IRS990/OnBehalfOfIssuerInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt04210069
IRS990/OtherAssetsTotalGrp/EOYAmt03754467
IRS990/OtherChangesInNetAssetsAmt0223113
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt0115364
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt0522790
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0792081
IRS990/OtherEmployeeBenefitsGrp/TotalAmt01430235
IRS990/OtherExpensesGrp/Desc0ACADEMIC/INSTRUCTIONAL
IRS990/OtherExpensesGrp/Desc1FOOD SERVICES
IRS990/OtherExpensesGrp/Desc2STUDENT TRANSPORTATION

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$249$41.0$207$37.3$34.6$2.67
2023Detailed filing. Detailed filing data is available for this year.$237$40.3$197$35.4$33.1$2.30
2022Detailed filing. Detailed filing data is available for this year.$229$39.5$189$55.2$32.1$23.0
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$209$35.8$173$29.2$29.1$0.08
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$201$39.3$161$36.6$32.0$4.60
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$194$37.9$156$62.3$31.0$31.3
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$164$40.5$124$28.7$29.4$0.66
2017Detailed filing. Detailed filing data is available for this year.$162$40.2$121$79.7$30.9$48.8
2016Detailed filing. Detailed filing data is available for this year.$105$36.5$68.3$34.9$30.1$4.72
2015Detailed filing. Detailed filing data is available for this year.$101$36.3$64.8$28.2$29.5$1.34
2014Detailed filing. Detailed filing data is available for this year.$102$36.2$65.4$37.8$30.3$7.46
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$91.2$38.2$52.9$32.0$31.2$0.82
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$87.0$39.5$47.5$29.5
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$88.6$38.5$50.1$28.4
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$84.3$38.9$45.4$26.4